Morningstar

Fidelity Select Banking FSRBX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 28.72  /  −0.17 %
  • Total Assets 439.4 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Financial
  • Investment Style Mid Value
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.63%
  • Turnover 48%

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:20 PM GMT+0

Morningstar’s Analysis FSRBX

Will FSRBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSRBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSRBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FSRBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Fidelity Select Banking’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSRBX

More FSRBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 52.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Wells Fargo & Co

7.50 33.0 Mil
Financial Services

Bank of America Corp

6.76 29.7 Mil
Financial Services

M&T Bank Corp

6.20 27.2 Mil
Financial Services

Citigroup Inc

5.57 24.5 Mil
Financial Services

PNC Financial Services Group Inc

5.26 23.1 Mil
Financial Services

Popular Inc

5.11 22.5 Mil
Financial Services

U.S. Bancorp

5.08 22.3 Mil
Financial Services

KeyCorp

4.01 17.6 Mil
Financial Services

Heartland Financial USA Inc

3.52 15.5 Mil
Financial Services

Huntington Bancshares Inc

3.41 15.0 Mil
Financial Services

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