The Fidelity Select Software & Computer Fund (MUTF: FSCSX) is what its name implies, an IRA fund that invests primarily in companies engaged in research, design, production or distribution of products or processes related software or information-based services. It’s a good diversified play on all things computer and software related.
Here are the specifics for the Fidelity Select Software & Computer Services Fund for today’s mutual fund spotlight:
Investing Strategy: The fund’s primary goal is long-term capital appreciation and it may invest in domestic or foreign-based companies. Almost 100% of the fund’s assets are in stocks
Expense Ratio: The fund has an expense ratio of .84% expense ratio and no transaction fee, making it cheap compared other technology sector funds. It also has a Morningstar rating of five stars.
Top 5 Holdings: The top five stocks in the Fidelity Select Software & Computer Services Fund include software company Oracle Corporation (NASDAQ: ORCL) at 11.92%, search engine developer and online advertiser Google, Inc. (NASDAQ: GOOG) at 9.99%, software designer Microsoft Corporation (NASDAQ: MSFT) at 8.11%, information technology giant International Business Machines Corp (NYSE: IBM) at 6.96%, online marketplace eBay, Inc. (NASDAQ: EBAY) at 3.23%.
Returns: The fund’s 12-month return of .9.71% outperformed the Dow Jones Industrial Average’s 14.7% and S&P 500 Index’s 13.8% return during the period. Its 5-year return of 54.81% also outperformed the Dow Jones Industrial Average’s 9% return and the S&P 500’s 1.6% return during the period.
Other Fund Statistics
- Total Assets: $1.33 billion as of 6/16/11)
- Minimum Investment: $2,500 (IRA $500)
- Fund manager: Brian Lempel
- Manager’s Tenure: Since February 2009
