Fidelity Select Medical Equipment & Systems (FSMEX – Free Report) a Zacks Rank #1 (Strong Buy) invests at least 80% of assets in common stocks of companies principally engaged in research, development, manufacture, distribution, supply, or sale of medical equipment and devices and related technologies. The fund 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 and Small Growth. Further, as of the last filing, MEDTRONIC PLC, BOSTON SCIENTIFICCORP 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 0.76%. 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 22.05%, 3 year 18.21% and 5 year 21.84%. 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 24% in 1 year, top 1% over the past 3 years, and in the 4% over the past 5 years.
