Fidelity Select Pharmaceuticals Fund (FPHAX)

By
Investing in sector equity fund is not for everyone. However, if you find a good and best rated sector equity fund, you can invest with ease. One of the best health sector equity funds is Fidelity Select Pharmacueticals. Details about this Fidelity fund is below.

Fidelity Select Pharmaceuticals (MUTF: FPHAX)

The Fidelity Select Pharmaceuticals fund is seeking capital appreciation. This Fidelity investments fund usually invests majority of assets (>80%) in securities of companies principally engaged in the research, development, manufacture, sale, or distribution of pharmaceuticals and drugs of all types. It may invest in securities of foreign issuers. The fund is non-diversified mutual fund.

FPHAX Fund Details
Fidelity Select Pharmaceuticals fund
  • Fund Inception Date: June 18, 2001
  • Ticker Symbol: FPHAX
  • CUSIP: 316390442
  • Beta (3yr): 0.68
  • Rank in category (YTD): 18%
  • Category: Health
  • Distribution: 1.02%
  • Capital Gains: N/A
  • Number of Years Up: 7 years          
  • Number of Years Down: 2 years
  • Total Net Assets: $583.25 million

Updated on August 18th, 2011

This Fidelity fund is a no load fund (i.e. there is no sales load), it also has no management fee (i.e. 12b1 fee). The fund’s expense ratio is 0.94% per year. The fund has been managed by Andrew Oh since July 2006. This fund is classified in health category.

Morningstar has rated four stars rating for this Fidelity Select Pharmaceuticals fund. Based on load adjusted return, this FPHAX fund has returned 37.40% over the past year and 14.42% over the past three years. This top rated sector fund has its best performance year in 2009 with 25.41%. Its worst performance return occurred in 2002 with -23.37%. The past 5 years performance of this best rated fund is listed below:
  • Year 2010: 16.36%
  • Year 2009: 25.41%
  • Year 2008: -22.71%
  • Year 2007: 13.40%
  • Year 2006: 12.49%

If you are interested in this fund, the minimum initial investment for brokerage account is $2,500 and only $500 for IRA account. There is no minimum subsequent investment needed. This fund is available to many investors. Investors can purchase this fund through 62 brokerages. Please check with your brokerage account for details about this fund.

This fund has a total of 114 holdings as of June 2011. The top ten holdings are Glaxosmithkline Plc Spons Adr, Johnson & Johnson, Sanofi Spon Adr, Merck & Co Inc New, Pfizer Inc, Valeant Pharmaceuticals Intl, Shire Plc Spon Adr, Novartis Ag Spon Adr, Novo-Nordisk As Cl B Adr and Allergan Inc. These ten holdings represent 45.77% of the total portfolio. As of June 2011, the asset allocation of this fund is Domestic Equities (59.27%), International Equities (39.27%) and Cash & Net Other Assets (1.46%).

The fund’s major market sectors as of June 2011 are Health Care (97.63%), Consumer Staples (0.54%), Industrials (0.21%) and Information Technology (0.16%).

Accodring to the fund’s prospectus, the principal investment risks include:
  • Stock market volatility
  • Foreign exposure
  • Biotechnology industry concentration
  • Issuer Specific Changes

0 comments:

Post a Comment