Fidelity Select IT Services (FBSOX) a Zacks Rank #1 (Strong Buy) invests the majority of its assets in common stocks of companies principally engaged in providing business-related services to companies and other organizations. FBSOX offers dividends and capital gains twice a year in April and December.
This All Cap Growth fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Value and Small Growth. Further, as of the last filing, VISA INC, MASTERCARD INC and COGNIZANT TECH SOLUTIONS were the top holdings for FBSOX.
The Fidelity Select IT Services fund, managed by Fidelity, carries an expense ratio of 0.8%. Moreover, FBSOX requires a minimal initial investment of $2,500.
FBSOX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 1.29%, 3 year 14.36% and 5 year 16.93%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FBSOX’s performance, as of the last filing, when compared to funds in its category was in the top 36% in 1 year, top 1% over the past 3 years, and in the 1% over the past 5 years.
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Zacks Investment Research