Fidelity Select Medical Equipment & Systems (FSMEX) a Zacks Rank #1 (Strong Buy) invests a large portion of its assets in common stocks of companies principally engaged in research, development, manufacture, distribution, supply, or sale of medical equipment and devices and related technologies. FSMEX offers dividends and capital gains twice a year in April and December.
This Sector - Health fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Growth and Intermediate Bond. Further, as of the last filing, MEDTRONIC PLC, BOSTON SCIENTIFIC CORP and INTUITIVE SURGICAL INC were the top holdings for FSMEX.
The Fidelity Select Medical Equipment & Systems fund, managed by Fidelity, carries an expense ratio of 0.75%. Moreover, FSMEX requires a minimal initial investment of $2,500.
FSMEX 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 15.01%, 3 year 22.24% and 5 year 18.77%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FSMEX’s performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 1% over the past 3 years, and in the 44% over the past 5 years.
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Zacks Investment Research