Fidelity Select Banking Portfolio

Frequently Asked Questions About FSRBX

What does FSRBX invest in?

The Fidelity Select Banking Portfolio primarily invests in the equity (common stocks) of businesses operating within the banking sector. A substantial portion, at least 80% of its total assets, is consistently dedicated to securities issued by companies predominantly involved in banking. This fund has the flexibility to invest in both U.S. and international entities. Its investment approach involves a comprehensive fundamental analysis, carefully scrutinizing aspects like an issuer's financial health, its standing relative to competitors, and the broader economic and market conditions. It's important to note that this fund is structured as non-diversified.

What is the expense ratio of FSRBX?

Fidelity Select Banking Portfolio (FSRBX) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FSRBX?

Fidelity Select Banking Portfolio (FSRBX) manages $478.2M 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 FSRBX actively managed or an index fund?

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

When was FSRBX launched?

Fidelity Select Banking Portfolio (FSRBX) launched in June 1986 and is managed by Fidelity.

How has FSRBX performed?

FSRBX'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.