• Fidelity Select Telecommunications Portfolio

Fidelity Investments
US, Telecommunications

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Fidelity Select Telecommunications Portfolio

FSTCX

Summary

The fund seeks capital appreciation by investing in companies in the United States.

The investment process is designed to highlight companies engaged in the development, production, or distribution of telecommunications services.

The strategy seeks to outperform its benchmark index through active management.

Next, the research process is driven by fundamental analysis of one stock at a time. The research team believes that earnings revisions and earnings growth drive telecommunications stocks.

Then the team considers durable and secular growth companies estimated to generate consistent excess returns.

In addition, the team looks for companies that generate a lot of cash from excellent sales growth and benefit from high barriers to entry.

The team also prefers companies with quality franchises, capable management teams and positive market-share trends over multiyear periods. 
Next, the research team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Then the manager constructs a portfolio of stocks from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund has the flexibility to invest in domestic and foreign issuers.

Strategy Process Research Risk Philosophy

Price

Last Close

$ 70.83 ( +0.36 )

52 Week HL

$72.8 - $58.44

Net Assets

$330.65 M

Expense Ratio

0.83 %

Sector Allocation

Jun 30, 2021

Top 10 Holdings

Jun 30, 2021

Company Name

  • Verizon Communications
  • AT&T Inc
  • T Mobile
  • COGENT COMMUNICATIONS
  • LIBERTY

Holding

Company Name

  • LIBERTY GLOBAL
  • IRIDIUM COMMUNICATIONS
  • COMCAST CORP
  • LIBERTY BROADBAND
  • BANDWIDTH.COM
  • Total

Holding

  • 0%

Manager

Name

Matthew Drukker

Leadership

Single Manager

Tenure

2003

Advisor

Documents

Prospectus

Summary

Fact Sheet

Q2 2021

Annual Reports

Website

Link

Performance

YTD

4.3 %

3 Year

35.19%

5 Year

30.88%

Best

67.41%
1999

Worst

-47.63%
2008

Returns +
Quarterly

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 3.5% -8.1% 8.8% -6.4% 0.1% 9.7% 2.6% 0.2% 5.3% 6.4% -
Q2 0.2% 13.4% 1.1% 2.7% -2.2% 6.5% 1.1% 3.5% 5.1% 2.3% -
Q3 0.6% 4.3% 2.4% 9.2% 2.7% -0.5% -8.4% -1.6% 3.5% 8.2% -
Q4 - 2.4% 2.2% -12% 0.7% 5.7% 7.7% 1.5% 6.4% -0.7% -

Returns +
Monthly

J F M A M J J A S O N D
2021 -0.5% -1.1% 5.1% 0.8% -0.2% -0.4% -0.2% -0.2% 1.1% - - -
2020 -1% 0.6% -7.8% 6.5% 5.3% 1.1% 6.5% 2.1% -4.1% -2.7% 10.5% -4.8%

Returns +
Annual

    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
    0%16%29%-6%19%8%-1%14%29%13%0%

Alpha

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
FSTCX 4%11%17%-9%-23%2%4%22%19%-4%
S&P 500 -16%29%-6%19%8%-1%14%29%13%-
Alpha 4%-4%-12%-3%-15%3%-10%-8%6%-4%

FSTCX S&P 500

Chart +