Fidelity Select Telecommunications Fund (FSTCX)

Fidelity Select Telecommunications Fund (FSTCX) is a sector stock fund. It invests mainly in technology companies which are engaged in communications services or equipment.

Fidelity Select Telecommunications Fund (FSTCX)

The investment aim of Fidelity Select Telecommunications Fund is to seek capital appreciation. The fund utilizes its assets to purchase common stocks of companies mainly engaged in the development, manufacture, or sale of communications services or communications equipment. The fund invests in domestic and foreign corporations. The fund is non-diversified.

Fund Profile

Fidelity Select Telecommunications Fund (FSTCX)
Fidelity fund
  • Fund Inception Date: July 28, 1985
  • Ticker Symbol: FSTCX
  • CUSIP: 316390830
  • Beta (3yr): 0.68
  • Rank in category (YTD): 49%
  • Category: Communications
  • Yield: 2.11%
  • Capital Gains: 0%
  • Expense Ratio: 0.88%
  • Net Assets: $ 412.7 million
  • Number of Years Up: 21 years
  • Number of Years Down: 6 years
  • Annual Turnover Rate: 72%
Updated on June 5, 2013

The fund manager is Matthew Drukker, the co-portfolio manager of Fidelity Management & Research Company. The fund’s yield is 2.11%. Investors had just got their annual dividend in December 2012 in the amount of $1.00. The annual expense ratio is 0.88%.

The best 1-year total return was recorded in 1999 with 66.60%. The fund has been in market for the past 27 years. The fund’s year-to-date return is 7.31% as of April 10, 2013. Based on the load adjusted returns, it has returned 13.21% over the past 3-year and 9.60% over the past decade. The 3-year beta risk is 0.68. S&P 500 and MSCI IMI TelecomServices 25/50 are the fund’s benchmarks.

Sector Stock Fund

Best FundThis FSTCX fund can be purchased from 75 brokerages. They are Federated TrustConnect, Scottrade TF, Thrivent Advisory Eligible, Mony Securities Corp, Royal Alliance, Raymond James, Trade Station Securities, UBS Financial Services Inc, Fidelity Investment, JP Morgan, etc. With no management fee and no front-end sales load fee, investors only need to invest $2,500 for the initial investment, and $500 for retirement account (Roth IRA or traditional IRA).

Out of the total 35 holdings in December 2012, the top 10 holdings represent 73.19% of total portfolio. The top 10 stocks in its portfolio are Verizon Communications Inc, AT&T Inc, Crown Castle International Corp, SBA Communications Corp, Sprint Nextel Corp, Centurylink Inc, American Tower Corp, Clearwire Corp, General Communications and Telephone & Data Systems Inc. The top assets allocation is 86.54% in Domestic Equities and 10.88% in International Equities.

Below are the principal investment risks for investing in this fidelity fund:
  • Stock Market volatility
  • Foreign Exposure
  • Telecom Services Industry Concentration
  • Issuer-Specific Changes
Disclosure: No Position


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