Fidelity Select Health Care Services Portfolio Fund (FSHCX) a Zacks Rank #1 (Strong Buy) was incepted in June 1986 and managed by the Fidelity Group. The objective of this health fund is to seek capital appreciation. FSHCX normally invests at least 80% of assets in common stocks of companies principally engaged in the ownership or management of hospitals, nursing homes, health maintenance organizations, and other companies specializing in the delivery of health care services
This Sector - Health product, as of the last filing, allocates their fund in three major groups; Small Growth, Intermediate Bond and Large Value. Further, as of the last filing, UnitedHealth Group Inc (NYSE:UNH), McKesson Corp (NYSE:MCK) and Cigna Corp (NYSE:CI) were the top holdings for FSHCX.
The Fidelity Select Health Care Services Portfolio fund, managed by Fidelity, carries an expense ratio of 0.77%. Moreover, FSHCX requires a minimal initial investment of $2,500.
FSHCX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 13.4% and 5 year 17.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FSHCX’s performance, as of the last filing, when compared to funds in its category was in the top 42% over the past 1 year, in the top 35% over the past 3 years, and in the 73% over the past 5 years.
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Zacks Investment Research