Mutual Fund Insights: Fidelity Select Industrial Equipment Fund (FSCGX)

In-depth Analysis of Fidelity Select Industrial Equipment Fund (FSCGX)

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See Fidelity Select Industrial Equipment Fund (FSCGX) performance details as of January 31, 2010

  

Last Trade: $27.53 on 3/11/2010, Change: +0.03 (0.11%)

  

Fund Manager - Jonathan Kasen

Fund Manager Tenure: 1.9 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Kasen joined Fidelity in 2006 as an equity analyst following industrial distribution, machinery, electrical products, and mid?cap diversified industrial stocks. Prior to joining Fidelity, he was a summer intern at Fred Alger Management in New York City in 2005. From 2001 to 2004, Kasen was an equity research analyst, covering mainly health?care and technology companies, at Hellman Jordan Management Company ? a specialty equity investment firm in Boston.  Get more insights on Jonathan Kasen

  

 What we like about Fidelity Select Industrial Equipment Fund (FSCGX)

Data for Fidelity Select Industrial Equipment Fund (FSCGX) as of January 31, 2010

• Fidelity Select Industrial Equipment Fund (FSCGX) has good short-term performance (1-year return 52.87% vs 40.23% Industrials category average)
• Fidelity Select Industrial Equipment Fund (FSCGX) has good mid-term performance (3-year return -4.35% vs -7.57% Industrials category average)
• Fidelity Select Industrial Equipment Fund (FSCGX) has good Long-term performance (5-year return 2.86% vs 1.03% Industrials category average)
• Fidelity Select Industrial Equipment Fund (FSCGX) ratio of up-years vs down years is greater than 2
• Fidelity Select Industrial Equipment Fund (FSCGX) has an annual stock turnover rate of 136.00% vs Industrials average of 326.01%. It is good that Fidelity Select Industrial Equipment management does not trade extensively for its return.
• Fidelity Select Industrial Equipment Fund (FSCGX) has a lower management fee than its Industrials average: 0.90% vs 1.43%
• Fidelity Select Industrial Equipment Fund (FSCGX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Select Industrial Equipment Fund (FSCGX)

Data for Fidelity Select Industrial Equipment Fund (FSCGX) as of January 31, 2010

• Fidelity Select Industrial Equipment Fund (FSCGX) management has been with Fidelity Select Industrial Equipment Fund for only 1.9 years, it is hard to judge manager's ability based on this fund's operation record
• Fidelity Select Industrial Equipment Fund is a focused fund with 50.02% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Fidelity Select Industrial Equipment Fund (FSCGX) has a Morningstar rating of 3 and below
• Fidelity Select Industrial Equipment Fund (FSCGX) is more volatile than its peers as it has a 3-year Standard Deviation of 29.83 that is higher than category average of 28.65

See Fidelity Select Industrial Equipment Fund (FSCGX) performance details as of January 31, 2010

  

  

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Fidelity Select Industrial Equipment Fund (FSCGX) Net Asset

Track net asset change of Fidelity Select Industrial Equipment fund (FSCGX)

Date	Net Asset
01/2010	$111.57M
11/2009	$111.83M
10/2009	$102.15M

More historic net asset information on Fidelity Select Industrial Equipment Fund (FSCGX)

  

Fidelity Select Industrial Equipment Fund (FSCGX) Portfolio Allocation

Track portfolio allocation change of Fidelity Select Industrial Equipment fund (FSCGX)

Date	Cash	Stock	Bond	Other
10/2009	1.04%	98.96%	0%	0%
09/2009	2.34%	97.67%	0%	0%
08/2009	3.89%	96.11%	0%	0%

Click here to see more historic asset allocation information on Fidelity Select Industrial Equipment Fund (FSCGX)

  

Most Recent Top 10 Holdings in Fidelity Select Industrial Equipment Fund (FSCGX)

Discover what Fidelity Select Industrial Equipment Fund (FSCGX) manager is buying

31-Oct-09 GEN ELECTRIC CO [9.55%] UNITED TECH [6.9%] 3M COMPANY [6.17%] INGERSOLL RAND LTD A [4.76%] HONEYWELL INTL INC [4.66%] DANAHER CP [3.99%] PRECISION CASTPARTS [3.4%] AMETEK INC [3.04%] CUMMINS INC [2.87%] JOHNSON CONTROLS INC [2.84%]

30-Sep-09 GEN ELECTRIC CO [11.06%] UNITED TECH [7.16%] HONEYWELL INTL INC [5.41%] INGERSOLL RAND LTD A [4.43%] 3M COMPANY [4.34%] AMETEK INC [3.16%] PRECISION CASTPARTS [3.09%] LOCKHEED MARTIN CP [3.01%] DANAHER CP [2.86%] MASCO CP [2.63%]

31-Aug-09 GEN ELECTRIC CO [10.09%] UNITED TECH [7.37%] HONEYWELL INTL INC [5.66%] 3M COMPANY [4.48%] INGERSOLL RAND LTD A [4.45%] Fidelity Cash Central Fund [3.89%] MASCO CP [3.12%] LOCKHEED MARTIN CP [3.06%] AMETEK INC [3.01%] PRECISION CASTPARTS [2.93%]

Click here for Stock Holding Change Map in Fidelity Select Industrial Equipment Fund (FSCGX)

  

Related books and products to Fidelity Select Industrial Equipment Fund (FSCGX)

  

Latest News on Fidelity Select Industrial Equipment (FSCGX)

See what is happening with Fidelity Select Industrial Equipment Fund (FSCGX)

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Books and Resources

 

 

See more information on Fidelity Select Industrial Equipment Fund (FSCGX)

• Fidelity Select Industrial Equipment Fund Insights
• Fidelity Select Industrial Equipment Fund Performance Data
• Fidelity Select Industrial Equipment Fund News
• Fidelity Select Industrial Equipment Fund Score Explaination
• Fidelity Select Industrial Equipment Fund Manager Information
• Historic Fidelity Select Industrial Equipment Fund Asset Allocation Report
• Historic Fidelity Select Industrial Equipment Fund Top 10 Holding Tracking
• Historic Fidelity Select Industrial Equipment Fund Asset Under Management Tracking