The Fidelity Select Transportation Fund (FSRFX) is a mid cap blend type of fund that invests in the transportation sector of the economy. This includes not only companies that provide services involving transportation, but also the manufacturing, design, distribution and sales of all types of equipment that is part of the transportation sector.
This fund has shown proven performance over the past 10 years with a return of 9.36% in that time period. This past year’s annual return was at an incredible 77.45%. The volatility factors associated with this fund are a beta at 1.04 and an R squared at 0.69 with a standard deviation of 25.23. The turnover ratio of this fund is at 81.0%. The volatility of this fund is less than its peers who have a standard deviation of 28.65 on average.
The current fund manager John Mirshekari and has invested the $107.3 million in assets into 34 different stocks of which the top 5 holdings have over 50% of the total assets of this fund. The expense ratio of this fund is at 1.03% and it takes a minimum of $2500 to invest in this fund.
This mutual fund is rated with 4 stars from Morningstar that has been a low risk and average return investment over the past three years.
If you are thinking about investing in this or any other Mutual funds, there is an associated risk, but with the higher risks comes higher returns. One fact will remain the same with this fund and its concentration of investments in the transportation sector and that is this is one sector that will always be doing business. Goods will always need to be transported, even in a recession.
With the Fidelity Select Transportation Fund (FSRFX) a long term commitment by investors will almost always show positive returns.
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