In: Economics
Pick a fund that tracks a single sector of our economy. Generally, these funds for example have most (over 90%) of their investments in one of the following sectors, energy, real estate, healthcare, energy or technology.
What is the name of the fund?
Describe its profile
List its top 10 holdings
What is its 10-year historical return?
What is its sector focus? Meaning what percentage of it holding are in its major sectors of the economy?
Fidelity Select Technology Portfolio ( FSPTX ) is a mutual fund that tracks the technology sector of the US economy.
The fund seeks capital appreciation by primarily investing in common technology stocks. It generally invests between 80% to 90% of its assets in stocks of companies principally engaged in technological advances and improvements.
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.
Top 10 Holdings (62.53% of Total Assets)
Name | Symbol | % Assets |
---|---|---|
Apple Inc | AAPL | 20.23% |
Microsoft Corp | MSFT | 19.14% |
Adobe Inc | ADBE | 3.78% |
Facebook Inc A | FB | 3.39% |
Salesforce.com Inc | CRM | 3.05% |
Mastercard Inc A | MA | 3.04% |
NVIDIA Corp | NVDA | 2.62% |
Netflix Inc | NFLX | 2.53% |
Visa Inc Class A | V | 2.51% |
Fidelity National Information Services Inc | FIS | 2.24% |
The fund's 10 year historical return is 18.50%.
Sector focus for the fund has been Technology Hardware, Storage & Peripherals with 20.39% portfolio, Systems Software with 19.63% portfolio, and Application software with its 15.13% investment.