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Intro Guide to the Fidelity Select Technology Fund (FSPTX)

Fidelity Select Technology ( FSPTX ) a Zacks Rank #2 (Buy) was incepted in July 14, 1981 and is managed by the Fidelity Group. The objective of FSPTX is to seek capital appreciation. Normally FSPTX invests at least 80% of assets in common stocks of companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements.

Fidelity Select Technology, managed by Fidelity , carries an expense ratio of 0.76%. Moreover, FSPTX requires a minimal initial investment of $2,500.

This fund, as of the last filing, allocates their fund in four major groups; Large Growth, High Yield Bond, Foreign Bond and Emerging Market. Further, as of the last filing, Alphabet, Apple and Facebook were the top holdings for FSPTX.

FSPTX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 11.94%, 3 year 9.98% and 5 year 15.48%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

FSPTX's performance, as of the last filing, when compared to funds in its category was in the top 38% in 1 year, top 30% over the past 3 years, and in the 32% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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