Fidelity Select Consumer Staples Fund (FDFAX)

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Fidelity Select Consumer Staples Fund (FDFAX) is a popular sector stock mutual fund. It invests in equities of consumer staples companies.

Fidelity Select Consumer Staples Fund (FDFAX)

The Fidelity Select Consumer Staples Fund objective is to achieve capital appreciation. The mutual fund utilizes its assets to purchase stocks of companies engaged in the manufacture, sale, or distribution of consumer staples. It invests in common stocks of domestic and foreign issuers. The fund manager uses fundamental analysis of factors to choose its investment.

Fund Details
    Fidelity Select Consumer Staples Fund
  • Fund Inception Date: 07/28/1985
  • Ticker Symbol: FDFAX
  • CUSIP: 316390848
  • Beta (3yr): 0.60
  • Rank in category (YTD): 16%
  • Category: Consumer Defensive
  • Distribution: 1.47%
  • Capital Gains: 0%
  • Expense Ratio: 0.82%
  • Net Assets: $ 2.01 billion
  • Number of Years Up: 22 years
  • Number of Years Down: 4 years
  • Annual Turnover Rate: 35%
Updated on 3/3/2013

This sector stock fund is managed by Robert Lee since May 2004. The 12-month dividend yield is 1.47% and has just given out $0.15 in April 2012. The fund has total net assets of $2.01 billion. It also has annual expense ratio of 0.82%. This fee is lower than the average in the category which is 1.38%.

Top 4 Consumer Defensive Mutual Funds

Morningstar analysts rank this fund with 4-stars rating. This best performer mutual fund has YTD return of 13.95%. The 5-year annualized return is 6.16%. Since 1985, the fund has recorded in 22 years of positive return and 4 years of negative return. The best 1-year total return was recorded in 1997 with 30.34%. Based on the load adjusted returns, the fund has returned 13.58% over the past 3-year and 10.41% over the past 10-year.

Investors can buy this fund with initial investment of $2,500 for brokerage account and $500 for retirement account. There is no minimum subsequent investment. This FDFAX can be purchased from 74 brokerages, such as E Trade Financial, Vanguard, T Rowe Price, JP Morgan, Ameriprise Brokerage, Schwab Retail, Fidelity Retail Funds Network, etc.

As of September 2012, the top 10 stock holdings are Procter & Gamble Co, British American Tobaacco PLC ADR, Coca Cola Co, CVS Caremark Corp, Altria Group Inc, Anheuser Busch Inbev NV, Diageo PLC SPON ADR, Colgate-Palmolive Co, Constellation Brans Inc Cl A and Philip Morris International Inc. They represent 66.53% of the total portfolio. It has total numbers of 62 holdings. The top country diversifications are USA (67.34%) and United Kingdom (18.07%).

According to the fund prospectus, the main investment risks are stock market volatility risk, foreign exposure risk, consumer staples industry concentration risk, etc.

Disclosure: No Position

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