Fidelity Select Defense & Aerospace Portfolio

Frequently Asked Questions About FSDAX

What does FSDAX invest in?

This investment vehicle predominantly allocates its capital to common equities. A substantial portion of its assets, at least 80%, is dedicated to companies primarily involved in the development, production, or distribution of goods and services for the defense or aerospace sectors. The fund's investments span both domestic and international entities. Investment decisions are guided by a rigorous fundamental analysis, evaluating factors such as an issuer's financial health, its competitive standing, and prevailing market and economic conditions. It is structured as a non-diversified portfolio.

What is the expense ratio of FSDAX?

Fidelity Select Defense & Aerospace Portfolio (FSDAX) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FSDAX?

Fidelity Select Defense & Aerospace Portfolio (FSDAX) manages $3.81B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FSDAX actively managed or an index fund?

FSDAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FSDAX launched?

Fidelity Select Defense & Aerospace Portfolio (FSDAX) launched in May 1984 and is managed by Fidelity.

How has FSDAX performed?

FSDAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.