Fidelity Select Retailing Fund (FSRPX)

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Fidelity Select Retailing Fund (FSRPX) is a consumer cyclical mutual fund. This sector stock fund invests in equities of companies which operate in merchandising finished goods and services to consumer.

Fidelity Select Retailing Fund (Ticker: FSRPX)

The Fidelity Select Retailing Fund aim is to seek capital appreciation. The mutual fund utilizes its assets to purchase common stocks of companies engaged in merchandising finished goods and services primarily to individual consumers. The fund invests in domestic and foreign equities. The fund management uses fundamental analysis of factors such as financial condition and industry position, market and economic conditions to choose its investments. This fund is non-diversified.

Fund Details
    Fidelity Select Retailing Fund (FSRPX)
  • Fund Inception Date: 12/15/1985
  • Ticker Symbol: FSRPX
  • CUSIP: 316390731
  • Beta (3yr): 0.84
  • Rank in category (YTD): 20%
  • Category: Consumer Cyclical
  • Distribution: 0.44%
  • Capital Gains: 0%
  • Expense Ratio: 0.88%
  • Net Assets: $ 525.80 million
  • Number of Years Up: 18 years
  • Number of Years Down: 8 years
  • Annual Turnover Rate: 217%
Updated on 2/23/2013

Peter Dixon is the fund manager since April 2010. As part of consumer cyclical mutual fund, it has expense ratio fee of 0.88%. This fee is lower than the average in the category which is 1.58%. This sector stock fund is also a no load fund. There is no 12b1 fee and no front-end sales load fee for investing in it. It also has low dividend yield of 0.44%. The most recent distribution was given in April 2012 ($0.01). The fund has annual holdings turnover of 217.00% as of November 5, 2012. It has total net assets of $535.80 million. The fund shares price is $61.02 (12/30/2012).

Top 5 Consumer Cyclical Mutual Funds 2012

The 3-year beta risk is 0.84. Ranked with 4 stars by Morningstar, this best mutual fund has YTD return of 21.47%. The best 1-year total return was achieved in 2009 with 57.82% and the worst was occurred in 2008 with -29.58%. It has a total of 18 years of positive return and 8 years of negative return. The performance of the fund, based on the load adjusted returns, is as below:
  • 1-year: 15.94%
  • 3-year: 20.68%
  • 5-year: 10.38%
  • 10-year: 11.46%
The minimum initial investment is $2,500 for brokerage account and $500 for retirement (IRA) account. The fund has no minimum subsequent investment. This fund is available for purchase through 74 brokerages, such as E Trade Financial, JP Morgan, T Rowe Price, Scottrade Load, Vanguard, Ameriprise Brokerage, Schwab Retail, Fidelity Retail Funds Network, etc.

As of September 2012, the fund has a total of 41 holdings. The top 10 holdings represent 64.18% of the total portfolio. They are Home Depot Inc, Amazon.com Inc, TJX Companies Inc New, Priceline.com Inc, Autozone Inc, O’Reilly Automotive Inc, Wal Mart Stores Inc, Dicks Sporting Goods Inc and Lowes Cos Inc.

According to the fund prospectus, the principal investment risks are Stock market volatility risk, foreign exposure risk, retail industry concentration risk, issuer-specific changes risk, etc.

Disclosure: No Position

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