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Yahoo
04-06-2025
- Business
- Yahoo
Is Fidelity Select Insurance (FSPCX) a Strong Mutual Fund Pick Right Now?
If you have been looking for Sector - Finance funds, a place to start could be Fidelity Select Insurance (FSPCX). FSPCX carries a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance. FSPCX is one of many Sector - Finance funds to choose from. Sector - Finance mutual funds provide investors with a diversified and stabilized investment approach focused on the financial space, which is a notoriously large, complex, and heavily-regulated industry. These funds include everything from insurance companies and exchanges to banks and investment giants; interest rates can impact the players of this space as well. Fidelity is responsible for FSPCX, and the company is based out of Boston, MA. Fidelity Select Insurance made its debut in December of 1985, and since then, FSPCX has accumulated about $1.01 billion in assets, per the most up-to-date date available. The fund is currently managed by Fahim Razzaque who has been in charge of the fund since July of 2022. Of course, investors look for strong performance in funds. FSPCX has a 5-year annualized total return of 22.66% and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 17.55%, which places it in the top third during this time-frame. It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FSPCX over the past three years is 16.69% compared to the category average of 23.36%. Over the past 5 years, the standard deviation of the fund is 17.17% compared to the category average of 22.6%. This makes the fund less volatile than its peers over the past half-decade. The fund has a 5-year beta of 0.74, so investors should note that it is hypothetically less volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. Over the past 5 years, the fund has a positive alpha of 9.89. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns. Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FSPCX is a no load fund. It has an expense ratio of 0.69% compared to the category average of 1.27%. So, FSPCX is actually cheaper than its peers from a cost perspective. Investors should also note that the minimum initial investment for the product is $0 and that each subsequent investment has no minimum amount. Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included. Overall, Fidelity Select Insurance ( FSPCX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, better downside risk, and lower fees, this fund looks like a good potential choice for investors right now. Don't stop here for your research on Sector - Finance funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out for more information about the world of funds, and feel free to compare FSPCX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FSPCX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
22-03-2025
- Business
- Yahoo
4 Fidelity Mutual Funds to Buy Amid Market Uncertainty
The U.S. market remains volatile due to shifting domestic and foreign policies under President Donald Trump's new administration. Investors are still concerned about the impact of new tariff policies on inflation and the domestic economy. However, Chairman Jerome Powell's comment that the Fed is still committed to its initial revised guidance of two rate cuts in 2025 to lower interest rates by a half-percentage point brought some relief. The Consumer Price Index (CPI) increased 0.2% in February after rising 0.5% in January, much cooler than expected. On an annual basis, CPI dropped 2.8% from 3% in January. Retail sales grew solidly despite worries over economic slowdown and rising inflation. Retail sales increased by 0.2% in February, better than the downwardly revised decline of 1.2% in January. As per a report by the University of Michigan, preliminary consumer sentiment for March decreased to 57.9 from 64.7 reported in February. As anticipated, The Federal Open Market Committee has kept the key interest rate unchanged in the range of 4.25-4.5% in its last meeting. Amid such uncertain market conditions, mutual fund investing can help those who wish to diversify their portfolio among various asset classes but lack professional expertise in managing funds. Fidelity mutual funds like Fidelity Select Semiconductors Portfolio FSELX, Fidelity Select Insurance Portfolio FSPCX, Fidelity New Millennium Fund FMILX and Fidelity Large Cap Stock FCLKX should be good choices since they provide low-cost and uncomplicated equity funds that can help investors meet their goals. These funds have wide exposure in industries like finance, industrial cyclical, utilities, technology and energy. These have not only preserved investors' wealth but also generated excellent returns. Fidelity mutual funds would be a compelling choice for investors. This is because Fidelity mutual funds have given positive returns in the past and are expected to perform well in the long run. Headquartered in Boston, MA, Fidelity Investment is one of the oldest and most trusted mutual fund companies in the world. The company was founded in 1946 and had 51.5 million individual investors and $15.1 trillion of assets under administration as of Dec. 31, 2024. Fidelity Investment company has more than 77,000 associates in 11 countries across North America, Europe, Asia and Australia to carry out extensive and in-depth research and provide potential investment avenues worldwide to their clients. The company provides best-in-class financial planning, advisory services, retirement planning wealth management, brokerage services to its clients. Thus, investors who wish to diversify their portfolio among various asset classes but lack professional expertise in managing funds can choose Fidelity mutual funds. Fidelity Investment sells its mutual fund products directly to its clients, which results in a zero-load charge. We have thus selected four Fidelity mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive three-year and five-year annualized returns, and minimum initial investments within $5000. The funds carry an expense ratio of less than 1%. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money). Fidelity Select Semiconductors Portfolio invests most of its net assets in common stocks of domestic and foreign companies that areprincipally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment. FSELX chooses to invest in stocks based on fundamental analysis factors such as each issuer's financial condition, industry position, and market and economic conditions. Adam Benjamin has been the lead manager of FSELX since March 15, 2020. Most of the fund's exposure was in companies like NVIDIA (24.9%), Broadcom (6.5%) and ON Semiconductors (6.4%) as of Nov. 30, 2024. FSELX's three-year and five-year annualized returns are nearly 23.1% and 31.7%, respectively. FSELX has an annual expense ratio of 0.63%. To see how this fund performed compared to its category and other 1, 2, and 3 Ranked Mutual Funds, please click here. Fidelity Select Insurance Portfolio fund invests most of its net assets in common stocks of domestic and foreign companies that areengaged in underwriting, reinsuring, selling, distributing, or placing property and casualty, life, or health insurance. FSPCX advisors choose to invest in stocks based on fundamental analysis factors like financial condition and industry position, along with market and economic conditions. Fahim Razzaque has been the lead manager of FSPCX since July 13, 2022. Most of the fund's exposure was in companies like Chubb (10.8%), AON (8.1%) and Arthur J. Gallagher (8.1%) as of Nov. 30, 2024. FSPCX's three-year and five-year annualized returns of 18.4% and 19.1%, respectively. FSPCX has an annual expense ratio of 0.70%. Fidelity New Millennium Fund invests the majority of its net assets in the common stocks of small and medium-sized companies that exhibit either growth or value characteristics or both. FMILX advisors generally invest in companies that may benefit from long-term changes due to technological advances, product innovation, economic plans, demographics, social attitudes, and other factors. Daniel Sherwood has been the lead manager of FMILX since Oct. 19, 2022. Most of the fund's exposure was in companies like NVIDIA (6.9%), Microsoft (5.9%) and Apple (5.6%) as of Nov. 30, 2024. FMILX has three-year and five-year annualized returns of 16.8% and 18.5%, respectively. FMILX has an annual expense ratio of 0.77%. Fidelity Large Cap Stock invests most of its net assets in common stocks of large market capitalization companies with market capitalization similar to the companies listed on the Russell 1000 Index or the S&P 500 Index. FCLKX advisors generally invest in issues of both domestic and foreign companies. Matthew W. Fruhan has been the lead manager of FCLKX since May 25, 2017. Most of the fund's exposure was in companies like Microsoft (6.2%), Wells Fargo (5.8%) and NVIDIA (5.1%) as of Oct. 31, 2024. FCLKX's three-year and five-year annualized returns are 15.3% and 18.7%, respectively. FCLKX has an annual expense ratio of 0.45%. Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FSPCX): Fund Analysis Report Get Your Free (FSELX): Fund Analysis Report Get Your Free (FMILX): Fund Analysis Report Get Your Free (FCLKX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
