Is Fidelity Select Semiconductors (FSELX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
0mins
Source: NASDAQ.COM
- Objective: Fidelity Select Semiconductors (FSELX) is a top-rated Sector - Tech fund with a Zacks Mutual Fund Rank of 1 (Strong Buy), offering investors exposure to the tech sector.
- History of Fund/Manager: FSELX, managed by Adam Benjamin since March 2020, is part of the Fidelity family of funds and has accumulated $19.04 billion in assets since its debut in 1985.
- Performance: FSELX has delivered strong returns, with a 5-year annualized total return of 40.25% and a 3-year annualized total return of 30.98%, outperforming its peers in the category.
- Risk Factors: The fund exhibits higher volatility compared to its peers, with a standard deviation above the category average. It also has a 5-year beta of 1.44, indicating higher volatility than the market average.
- Expenses: FSELX is a no-load fund with an expense ratio of 0.67%, lower than the category average of 1.23%, making it a cost-effective option for investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
