Fidelity Select Banking (FSRBX - Free Report) a Zacks Rank #2 (Buy) invests at least 80% of assets in common stocks of companies principally engaged in accepting deposits and making commercial and principally non-mortgage consumer loans.

This Sector - Finance fund, as of the last filing, allocates their fund in three major groups; Large Value and Small Value. Further, as of the last filing, Wells Fargo &Co.,  US Bancorp and Bank of America were the top holdings for FSRBX.

The Fidelity Select Banking fund, managed by Fidelity, carries an expense ratio of 0.78%. Moreover, FSRBX requires a minimal initial investment of $2,500.

FSRBX 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 56.16%, 3 year 12.88% and 5 year 17%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

FSRBX’s performance, as of the last filing, when compared to funds in its category was in the top 8% in 1 year, top 26% over the past 3 years, and in the 26% over the past 5 years.