by Cynthia Wilson | July 15, 2011 3:59 am
Here are the specifics for the Fidelity Select Transportation Portfolio Fund for today’s mutual fund spotlight:
Investing Strategy: The fund invests primarily in the common stocks of domestic and foreign issuers. About 97% of the fund’s assets are in stocks. The remaining 3% is in cash reserves.
Expense Ratio: With a 0.90% expense ratio and no transaction fee, the fund is moderately priced when compared with other funds in the category. It has a Morningstar Rating of three stars.
Top 5 Holdings: The top stocks in the Fidelity Select Transportation Portfolio Fund include package delivery company United Parcel Service, Inc. (NYSE: UPS) at 16.59%, regional railroad companies Union Pacific Corp (NYSE: UNP) at 16.20% and CSX Corp (NYSE: CSX) at 8.36%, global logistics services provider Expeditors International of Washington, Inc. (NASDAQ: EXPD) at 5.27%, and airline carrier United Continental Holdings Inc (NYSE: UAL) at 4.31%.
Returns: The Fidelity Select Transportation Portfolio Fund 12-month return of 25% is comparable to the broader market’s 24% over the same period. Its 5-year return of 12% underperformed the Dow Jones Industrial Average’s 14% return, but beat the S&P 500’s 6% return over the period.
Other Fund Statistics
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