Fidelity Select Technology Fund (FSPTX - MF report) a Zacks Rank #1 (Strong Buy) was established in July 14, 1981 and is managed by the Fidelity Group. The objective of FSPTX is to seek capital appreciation. Normally FSPTX invests at least 80% of assets in common stocks of companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements.

This Sector - Tech product, as of the last filing, allocates their fund in three major groups; Large Growth, Small Growth and Emerging Market. As of the last filing, Alphabet Inc. (GOOG), Apple Inc. (AAPL) and Facebook Inc. (FB) were the top holdings for FSPTX.

The Fidelity Select Technology fund, managed by Fidelity, carries an expense ratio of 0.76% and requires a minimal initial investment of $2,500.

FSPTX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 13.79% and 5 year 12.07%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

FSPTX’s performance, as of the last filing, when compared to funds in its category was in the top 37% in 1 year, top 38% over the past 3 years, and in the 38% over the past 5 years.