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Fidelity Select Medical Equip & Systems (FSMEX) Fund Ranking and Research

Ranking, Research and Recommendation of Fidelity Select Medical Equip & Systems (FSMEX) Fund

    Last Trade: $41.92 on 3/24/2017, Change: +0.40 (0.96%)

 

Graph of Fidelity Select Medical Equip & Systems Fund (FSMEX) ManagerFund Manager - Edward L. Yoon

Fund Manager Information

Fund Manager Tenure: 9.9 years
Fund Family: Fidelity Investments
Fund Category: Health
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A+ (Score: 0.8)     (What does this score mean?)
Honorable Mentioning: Market Watch (2011),
Edward Yoon is a manager. Since joining Fidelity Investments in 2006, Mr. Yoon has served as a research analyst and portfolio manager. Prior to joining Fidelity, he worked for JPMorgan Asset Management as a research analyst and co-fund manager from 2002 until 2006.  Get more insights on Edward L. Yoon

 

Graph of Fidelity Select Medical Equip & Systems Fund (FSMEX) ProfileFidelity Select Medical Equip & Systems Fund (FSMEX) Profile

Fund Profile and Description

Fidelity Select Medical Equip & Systems Fund seeks capital appreciation. Fidelity Select Medical Equip & Systems Fund normally invests at least 80% of assets in securities of companies principally engaged in research, development, manufacture, distribution, supply, or sale of medical equipment and devices and related technologies. It may invest in securities of foreign issuers and may invest a significant percentage of assets in a single issuer. Fidelity Select Medical Equip & Systems Fund is non-diversified.

 

Fidelity Select Medical Equip & Systems (FSMEX) Fund Strength What we like about Fidelity Select Medical Equip & Systems (FSMEX) Fund

Data for Fidelity Select Medical Equip & Systems Fund (FSMEX) as of May 30, 2016

  • Fidelity Select Medical Equip & Systems Fund (FSMEX) management has been with Fidelity Select Medical Equip & Systems Fund for 9.9 years
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) has good short-term performance (1-year return 2.99% vs -12.93% Health category median performance)
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) has good mid-term performance (3-year return 20.01% vs 15.21% Health category median performance)
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) ratio of up-years vs down years is greater than 2
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) has a Morningstar rating of 4 and above
  • Asset base in Fidelity Select Medical Equip & Systems Fund (FSMEX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) is less volatile than its peers as it has a 3-year Standard Deviation of 13.39, lower than category average of 17.59
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) has a lower expense ratio than its Health average: 0.75% vs 1.32%
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Fidelity Select Medical Equip & Systems Fund (FSMEX) Weakness What we are cautious about Fidelity Select Medical Equip & Systems (FSMEX) Fund

Data for Fidelity Select Medical Equip & Systems Fund (FSMEX) as of May 30, 2016

  • Fidelity Select Medical Equip & Systems Fund (FSMEX) has a less-than-ideal Long-term performance (5-year return 14.53% vs 16.08% Health category median performance)
  • Fidelity Select Medical Equip & Systems Fund (FSMEX) has an annual stock turnover rate of 46.00% that is higher than the Health average of 43.99%. This could mean Fidelity Select Medical Equip & Systems is more nimble, but also signal potential high tax impact and high trading fees
  • As a Health focused fund, Fidelity Select Medical Equip & Systems Fund (FSMEX) is less diversified and has inherited sector risks associated with the fund
See Fidelity Select Medical Equip & Systems Fund (FSMEX) performance details as of May 30, 2016

 

What do you think?

 

Compare Fidelity Select Medical Equip & Systems Fund (FSMEX)Compare with other top Health category mutual funds

Aadditional top Health mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Fidelity Select Medical Equip & Systems6.172.9920.0114.53
Hartford Healthcare A (HGHAX)-6.82-7.8017.3816.39Compare
Janus Global Life Sciences T (JAGLX)-7.78-15.8319.3919.37Compare
AllianzGI Health Sciences A (RAGHX)-4.62-9.3315.8113.50Compare

See top fund managers for Health Category Funds

 

Compare Fidelity Select Medical Equip & Systems Fund (FSMEX)Compare with Health category ETFs

Some Health ETFs for your consideration

ETFYear to DateOne YearThree Year
First Trust NYSE Arca Biotech ETF (FBT)000
SPDR S&P Health Care Equipment ETF (XHE)000
SPDR S&P Biotech ETF (XBI)000
PowerShares S&P SmallCap Health Care ETF (PSCH)000
PowerShares Dynamic Pharmaceuticals ETF (PJP)000

 

Graph of Fidelity Select Medical Equip & Systems Fund (FSMEX) Net Asset TrackingFidelity Select Medical Equip & Systems (FSMEX) Fund Net Asset

Track net asset change of Fidelity Select Medical Equip & Systems fund (FSMEX)

DateNet Asset
05/2016$2.22B
03/2016$1.99B
02/2016$1.92B
More historic net asset information on Fidelity Select Medical Equip & Systems Fund (FSMEX)

  

Graph of Fidelity Select Medical Equip & Systems Fund (FSMEX) Portfolio TrackingFidelity Select Medical Equip & Systems (FSMEX) Fund Portfolio Allocation

Track portfolio allocation change of Fidelity Select Medical Equip & Systems fund (FSMEX)

DateCashStockBondOther
04/20160.94%99.06%0%0%
02/20160.75%99.25%0%0%
01/20160.55%99.45%0%0%
Click here to see more historic asset allocation information on Fidelity Select Medical Equip & Systems Fund (FSMEX)

 

graph of Fidelity Select Medical Equip & Systems Fund (FSMEX) Top 10 Position TrackingTop 10 Holdings in Fidelity Select Medical Equip & Systems (FSMEX) Fund

Discover what Fidelity Select Medical Equip & Systems Fund (FSMEX) manager is buying

Apr 29, 2016
Medtronic plc. Ordinary Shares [22.8%]
Boston Scientific Corporation C [11.91%]
Intuitive Surgical, Inc. [6.69%]
Edwards Lifesciences Corporatio [5.47%]
Zimmer Biomet Holdings, Inc. Co [5.03%]
Abbott Laboratories Common Stoc [3.83%]
Cooper Companies, Inc. (The) Co [3.66%]
Stryker Corporation Common Stoc [3.27%]
Integra LifeSciences Holdings C [2.65%]
ResMed Inc. Common Stock [2.17%]

Feb 28, 2016
Medtronic plc. Ordinary Shares [24.93%]
Boston Scientific Corporation C [11.05%]
Intuitive Surgical, Inc. [6.36%]
Edwards Lifesciences Corporatio [5.66%]
Abbott Laboratories Common Stoc [4.47%]
Zimmer Biomet Holdings, Inc. Co [4.47%]
Stryker Corporation Common Stoc [3.35%]
Cooper Companies, Inc. (The) Co [3.3%]
ResMed Inc. Common Stock [2.81%]
Integra LifeSciences Holdings C [2.58%]

Jan 30, 2016
Medtronic plc. Ordinary Shares [24.94%]
Boston Scientific Corporation C [10.77%]
Edwards Lifesciences Corporatio [5.39%]
Intuitive Surgical, Inc. [4.81%]
Abbott Laboratories Common Stoc [4.57%]
Zimmer Biomet Holdings, Inc. Co [4.42%]
Stryker Corporation Common Stoc [4.36%]
Cooper Companies, Inc. (The) Co [3.2%]
ResMed Inc. Common Stock [3.15%]
St. Jude Medical, Inc. Common S [2.74%]
Click here for Stock Holding Change Map in Fidelity Select Medical Equip & Systems Fund (FSMEX)

  

Latest News on Fidelity Select Medical Equip & Systems (FSMEX) Fund

See what is happening with Fidelity Select Medical Equip & Systems Fund (FSMEX)

 

Fidelity Select Medical Equip & Systems Fund (FSMEX) Related ResourcesSee more information on Fidelity Select Medical Equip & Systems (FSMEX) Fund

Popular pages on Fidelity Select Medical Equip & Systems (FSMEX) Fund

  

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