Fidelity® Select Medical Equipment and Systems Portfolio (FSMEX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in research, development, manufacture, distribution, supply, or sale of medical equipment and devices and related technologies. It invests primarily in common stocks. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.


1 month-3.07% 3 years+14.10%
3 months-0.65% 5 years+18.60%
1 year+31.76% Since inception+13.66%
Data through --

Peer Comparisonvs. Health

Performance 5-yr return+18.60%+23.71%
Expense ratio0.83%1.46%
Risk 5 year sharpe ratio1.341.54
Net assets$1.7B$2.6B
Average market cap$9.3B$31.7B
Average P/E24.326.8
Portfolio turnover69%69%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureEdward Yoon / 6 Years
Minimal initial investment$2,500.00
Minimum IRA investment$200.00


U.S. stock87.89%
International stock11.91%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Healthcare 94.33%
Hardware 3.69%
Consumer service 0.17%
Business service 0.00%
Consumer goods 0.00%
Top 10 Holdings
Portfolio weighting
BSX Boston Scientific Corporation12.49%
COV Covidien PLC7.32%
SYK Stryker Corporation6.53%
ISRG Intuitive Surgical, Inc.5.17%
ABT Abbott Laboratories4.97%
MDT Medtronic, Inc.4.27%
COO Cooper Companies4.10%
EW Edwards Lifesciences Corporation3.25%
BAX Baxter International Inc.3.11%
ACT Actavis PLC2.57%

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