Fidelity Select Multimedia Portfolio (FBMPX - MF report) a Zacks Ranked #2 (Buy) was created in June 1986 and is managed by the Fidelity Group. The objective of FBMPX is to seek capital appreciation. FBMPX normally invests a large chunk of assets in common stocks of companies principally engaged in the development, production, sale, and distribution of goods or services used in the broadcast and media industries. FBMPX offers dividends and capital gain, (if any) twice a year in April and December.

This Technology fund, as of the last filing, allocates their fund in four major groups; High Yield Bond, Large Growth, Foreign Bond and Small Growth. Further, as of the last filing, The Walt Disney Company (DIS), Comcast Corporation (CMCSA) and Time Warner Inc were the top holdings for FBMPX.

Fidelity Select Multimedia Portfolio, managed by Fidelity, carries an expense ratio of 0.81, and requires a minimal initial investment of $2,500.

FBMPX 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 0.90%, 3 year 17.94% and 5 year 20.56%. To see how this fund performed compared in its category, please click here.

FBMPX’s performance, as of the last filing, when compared to funds in its category was in the top 44% in 1 year, top 10% over the past 3 years, and in the 3% over the past 5 years.