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Mutual Fund Insights: Fidelity Select Brokerage & Investment Fund (FSLBX)

In-depth Analysis of Fidelity Select Brokerage & Investment Fund (FSLBX)

Mutual fund chart: Fidelity Select Brokerage & Investment Fund (FSLBX)

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See Fidelity Select Brokerage & Investment Fund (FSLBX) performance details as of January 31, 2010

Last Trade: $51.26 on 3/19/2010, Change: -0.82 (-1.57%)

Fund Manager - Benjamin Hesse

Fund Manager Tenure: 2.8 years
Fundmojo Fund Grade: B (Score: 0.67) (What does this score mean?)

Hesse is a portfolio manager with Fidelity Investments. He joined Fidelity Investments as a research analyst in August 2005. Previously, Hesse was a research analyst intern at Credit Suisse Asset Management in New York. Get more insights on Benjamin Hesse

What we like about Fidelity Select Brokerage & Investment Fund (FSLBX)

Data for Fidelity Select Brokerage & Investment Fund (FSLBX) as of January 31, 2010

Fidelity Select Brokerage & Investment Fund (FSLBX) has good short-term performance (1-year return 60.82% vs 49.15% Financial category average)
Fidelity Select Brokerage & Investment Fund (FSLBX) has good mid-term performance (3-year return -10.61% vs -16.13% Financial category average)
Fidelity Select Brokerage & Investment Fund (FSLBX) has good Long-term performance (5-year return 3.62% vs -5.96% Financial category average)
Fidelity Select Brokerage & Investment Fund (FSLBX) has a lower management fee than its Financial average: 0.90% vs 1.76%
Fidelity Select Brokerage & Investment Fund (FSLBX) 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 Brokerage & Investment Fund (FSLBX)

Data for Fidelity Select Brokerage & Investment Fund (FSLBX) as of January 31, 2010

Fidelity Select Brokerage & Investment Fund (FSLBX) management has been with Fidelity Select Brokerage & Investment Fund for only 2.8 years, it is hard to judge manager's ability based on this fund's operation record
Fidelity Select Brokerage & Investment Fund is a focused fund with 45.19% 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 Brokerage & Investment Fund (FSLBX) ratio of up-years vs down years can be improved
Fidelity Select Brokerage & Investment Fund (FSLBX) has a Morningstar rating of 3 and below
Fidelity Select Brokerage & Investment Fund (FSLBX) has an annual stock turnover rate of 351.00% that is higher than the Financial average of 202.44%. This could mean Fidelity Select Brokerage & Investment is more nimble, but also signal potential high tax impact and high trading fees
Fidelity Select Brokerage & Investment Fund (FSLBX) is more volatile than its peers as it has a 3-year Standard Deviation of 29.87 that is higher than category average of 28.7

See Fidelity Select Brokerage & Investment Fund (FSLBX) performance details as of January 31, 2010

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Fidelity Select Brokerage & Investment Fund (FSLBX) Net Asset

Track net asset change of Fidelity Select Brokerage & Investment fund (FSLBX)

Date	Net Asset
01/2010	$559.10M
11/2009	$611.29M
10/2009	$659.31M

More historic net asset information on Fidelity Select Brokerage & Investment Fund (FSLBX)

Fidelity Select Brokerage & Investment Fund (FSLBX) Portfolio Allocation

Track portfolio allocation change of Fidelity Select Brokerage & Investment fund (FSLBX)

Date	Cash	Stock	Bond	Other
10/2009	3.19%	96.81%	0%	0%
09/2009	11.65%	88.36%	0%	0%
08/2009	10.35%	89.51%	0%	0.15%

Click here to see more historic asset allocation information on Fidelity Select Brokerage & Investment Fund (FSLBX)

Most Recent Top 10 Holdings in Fidelity Select Brokerage & Investment Fund (FSLBX)

Discover what Fidelity Select Brokerage & Investment Fund (FSLBX) manager is buying

31-Oct-09

MORGAN STANLEY [5.45%]
MASTERCARD INC [5.4%]
The Charles Schwab Corporation [5.15%]
GOLDMAN SACHS GRP [4.95%]
CME Group Inc. [4.92%]
EFG International [4.68%]
Broadpoint Gleacher Securities [3.84%]
JEFFERIES GROUP INC [3.53%]
UBS AG (NEW) [3.26%]
BARCLAYS PLC ADR [3.14%]

30-Sep-09

CME Group Inc. [5.61%]
The Charles Schwab Corporation [5.29%]
GOLDMAN SACHS GRP [4.99%]
MORGAN STANLEY [4.87%]
BANK OF NY MELLON CP [4.76%]
EFG International [4.69%]
Broadpoint Gleacher Securities [4.68%]
UBS AG (NEW) [4.07%]
GENWORTH FINANCIAL [3.59%]
DEUTSCHE BOERSE AG [3.52%]

31-Aug-09

Fidelity Cash Central Fund [10.35%]
CME Group Inc. [6.19%]
Broadpoint Gleacher Securities [4.96%]
EFG International [4.95%]
BANK OF NY MELLON CP [4.89%]
MORGAN STANLEY [4.58%]
GOLDMAN SACHS GRP [4.28%]
The Charles Schwab Corporation [3.9%]
DEUTSCHE BOERSE AG [3.85%]
GFI Group Inc. [3.83%]

Click here for Stock Holding Change Map in Fidelity Select Brokerage & Investment Fund (FSLBX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.