The Fidelity Select Retailing Portfolio (MUTF: FSRPX) is what the name implies, a mutual fund made up of retailers, whether the companies have a significant brick and mortar presence or operate exclusively on the web. It’s likely that several of your favorite stores are included in the fund’s holdings.
Here are the specifics for the Fidelity Select Retail Fund for today’s mutual fund spotlight:
Investing Strategy: The fund invests in retail companies with a specific niche or dominance in an area. More than 99% of the fund’s assets are in stocks, with the remainder held in cash.
Expense Ratio: With its 0.93% expense ratio and no transaction fee the Fidelity Select Retailing Portfolio is cheap and carries a Morningstar rating of 5 stars.
Top 5 Holdings: The top stocks in the Fidelity Select Retail Fund include media and retail conglomerate Amazon.com (NASDAQ: AMZN) at 14.14% home improvement retail giants Lowe’s Companies Inc. (NYSE: LOW) at 8.64% and Home Depot, Inc. (NYSE: HD) at 6.75%, global online travel company Priceline.com, Inc. (NASDAQ: PCLN) at 5.96%, and apparel and home fashion retailer TJX Companies (NYSE: TJX) at 5.89%.
Returns: The 12 month return of the Fidelity Select Retailing Portfolio mutual fund underperformed the broader market’s 24% return. Its five-year return of 7% underperformed the Dow Jones Industrial Average’s 10% return, but beat the S&P 500’s 3.5% return during the same period.
Other Fund Statistics
- Total Assets: $174.5million (as of 5/25/11)
- Minimum Investment: $2,500
- Fund manager: Peter Dixon
- Manager’s Tenure: Since April 2010