Fidelity Select Medical Technology and Devices Portfolio (FSMEX)
| Fund Assets | 3.24B |
| Expense Ratio | 0.63% |
| Min. Investment | $0.00 |
| Turnover | 31.00% |
| Dividend (ttm) | 4.67 |
| Dividend Yield | 10.66% |
| Dividend Growth | 50.87% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Apr 10, 2026 |
| Previous Close | 45.89 |
| YTD Return | -13.81% |
| 1-Year Return | -0.52% |
| 5-Year Return | -6.91% |
| 52-Week Low | 43.80 |
| 52-Week High | 65.58 |
| Beta (5Y) | 1.03 |
| Holdings | 65 |
| Inception Date | Apr 28, 1998 |
About FSMEX
Fidelity Select Medical Technology and Devices Portfolio is an equity mutual fund focused on the medical technology and devices sector. Its primary goal is capital appreciation by investing at least 80% of its assets in companies that are principally engaged in the research, development, manufacture, distribution, or sale of medical equipment and related technologies. The fund employs an active management strategy, anchored in rigorous, bottom-up fundamental analysis performed by Fidelity’s dedicated health care investment team. Key areas of evaluation include free cash flow, capital allocation, market opportunities, and the potential for sustainable long-term growth. The portfolio is diversified within the health care equipment and technology industry, featuring holdings in leading innovators such as Danaher, Boston Scientific, and Thermo Fisher Scientific. By concentrating investments in companies with strong growth prospects and disruptive technologies, the fund plays a significant role in providing targeted exposure to the evolving healthcare technology space, which is critical to modern health care delivery and advancement.
Performance
FSMEX had a total return of -0.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.49%.
Top 10 Holdings
67.35% of assets| Name | Symbol | Weight |
|---|---|---|
| Danaher Corporation | DHR | 13.62% |
| Boston Scientific Corporation | BSX | 12.32% |
| Thermo Fisher Scientific Inc. | TMO | 9.57% |
| Intuitive Surgical, Inc. | ISRG | 8.69% |
| Edwards Lifesciences Corporation | EW | 5.59% |
| Stryker Corporation | SYK | 4.94% |
| Abbott Laboratories | ABT | 4.88% |
| Masimo Corporation | MASI | 2.69% |
| Veeva Systems Inc. | VEEV | 2.63% |
| Insulet Corporation | PODD | 2.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 10, 2026 | $6.542 | Apr 13, 2026 |
| Dec 12, 2025 | $2.990 | Dec 15, 2025 |
| Apr 11, 2025 | $1.678 | Apr 14, 2025 |
| Dec 13, 2024 | $4.640 | Dec 16, 2024 |
| Apr 12, 2024 | $1.315 | Apr 15, 2024 |
| Apr 8, 2022 | $1.109 | Apr 11, 2022 |