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Sector funds typically invest in companies in a particular industry or market sector. Fidelity offers a suite of 40 Select Portfolios, the industry's largest lineup of actively managed sector and sub-sector funds. These funds are used by investors and traders to invest in a specific sector, or implement sector switching trading strategies.
Today one may invest in specific sectors using ETFs, which typically are passively managed; Fidelity Select funds are an alternative for investing in actively managed portfolios.
While ETFs are relatively new, the Fidelity Select portfolios has been there for a long time - some as of 1981. This is very important for the development of asset switching trading strategies, allowing for much longer backtests than with strategies employing ETFs.
An investor intending to use these funds should be aware that at this time Fidelity imposes a short-term redemption fee for funds held less than 30 days.
The funds included in this symbol list and their inception dates:
Fund Name Symbol Category Inception date
Select Air Transportation Portfolio FSAIX Cyclicals 12/16/1985
Select Automotive Portfolio FSAVX Cyclicals 6/30/1986
Select Banking Portfolio FSRBX Financials 6/30/1986
Select Biotechnology Portfolio FBIOX Health Care 12/16/1985
Select Brokerage and Investment Management Portfolio FSLBX Financials 7/29/1985
Select Chemicals Portfolio FSCHX Cyclicals 7/29/1985
Select Communications Equipment Portfolio FSDCX Technology 6/29/1990
Select Computers Portfolio FDCPX Technology 7/29/1985
Select Construction and Housing Portfolio FSHOX Cyclicals 9/29/1986
Select Consumer Discretionary Portfolio FSCPX Consumer 6/29/1990
Select Consumer Finance Portfolio FSVLX Financials 12/16/1985
Select Consumer Staples Portfolio FDFAX Consumer 7/29/1985
Select Defense and Aerospace Portfolio FSDAX Cyclicals 5/8/1984
Select Electronics Portfolio FSELX Technology 7/29/1985
Select Energy Portfolio FSENX Natural Resources 7/14/1981
Select Energy Service Portfolio FSESX Natural Resources 12/16/1985
Select Environment and Alternative Energy Portfolio FSLEX Cyclicals 6/29/1989
Select Financial Services Portfolio FIDSX Financials 12/10/1981
Select Gold Portfolio FSAGX Natural Resources 12/16/1985
Select Health Care Portfolio FSPHX Health Care 7/14/1981
Select IT Services Portfolio FBSOX Technology 2/4/1998
Select Industrial Equipment Portfolio FSCGX Cyclicals 9/29/1986
Select Industrials Portfolio FCYIX Cyclicals 3/3/1997
Select Insurance Portfolio FSPCX Financials 12/16/1985
Select Leisure Portfolio FDLSX Consumer 5/8/1984
Select Materials Portfolio FSDPX Cyclicals 9/29/1986
Select Medical Delivery Portfolio FSHCX Health Care 6/30/1986
Select Medical Equipment and Systems Portfolio FSMEX Health Care 4/28/1998
Select Money Market Portfolio FSLXX Money Market 8/30/1985
Select Multimedia Portfolio FBMPX Consumer 6/30/1986
Select Natural Gas Portfolio FSNGX Natural Resources 4/21/1993
Select Natural Resources Portfolio FNARX Natural Resources 3/3/1997
Select Pharmaceuticals Portfolio FPHAX Health Care 6/18/2001
Select Retailing Portfolio FSRPX Consumer 12/16/1985
Select Software and Computer Services Portfolio FSCSX Technology 7/29/1985
Select Technology Portfolio FSPTX Technology 7/14/1981
Select Telecommunications Portfolio FSTCX Utilities 7/29/1985
Select Transportation Portfolio FSRFX Cyclicals 9/29/1986
Select Utilities Portfolio FSUTX Utilities 12/10/1981
Select Wireless Portfolio FWRLX Utilities 9/21/2000
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
