Fidelity Select Defense & Aerospace Portfolio (FSDAX) seeks capital appreciation. FSDAX normally invests at least 80% of assets in common stocks of companies principally engaged in the research, manufacture, or sale of products or services related to the defense or aerospace industries.
This Sector - Other product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 11% and 5 year 15.7%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FSDAX’s performance, as of the last filing, when compared to funds in its category was in the top 1% over the past 1 year, and in the top 2% over the past 3 years and in the top 4% over the past 5 years.
The Fidelity Select Defense & Aerospace Portfolio, as of the last filing, allocates its fund in top three markets: Foreign Bond, Large Value and Large Growth. Further, as of the last filing, Northrop Grumman Corp (NYSE:NOC), General Dynamics Corp (NYSE:GD) and United Technologies Corp (NYSE:UTX) were the top holdings for FSDAX.
This Zacks Rank #1 (Strong Buy) was incepted in May 1984 and is managed by Fidelity. FSDAX carries an expense ratio of 0.79% and requires a minimal initial investment of $2,500.
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Zacks Investment Research