About FSRBX
Fidelity Select Banking Portfolio is a mutual fund specializing in the banking sector. Its primary objective is capital appreciation, achieved by investing at least 80% of its assets in securities of companies primarily engaged in banking, including both domestic and foreign issuers. The fund focuses on common stocks of banks and related financial institutions, employing fundamental analysis to select investments based on company financials, industry position, and prevailing market and economic conditions. Notably, the fund is non-diversified, meaning it holds a concentrated portfolio, which may lead to higher volatility but allows for targeted exposure to the banking industry. Established in 1986, the portfolio includes significant holdings in major U.S. banks such as Wells Fargo & Co, Bank of America, and Citigroup. Its expense ratio is competitive within its peer group, and the fund is suitable for investors seeking focused access to the financial sector, particularly banking, as a component of a broader investment strategy.
Fund Family Fidelity
Category Financial
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FSRBX
Index S&P 500 TR
FSRBX had a total return of 5.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.22%.
