Fund Evaluator:
Fidelity Select Fintech Port (FSVLX)
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Fund Details
Fidelity Select Fintech Port Overview
Fidelity Select Fintech Port (FSVLX) is an actively managed Sector Equity Financial fund. Fidelity Investments launched the fund in 1985.
The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in providing products and services in fintech. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.
About Fidelity Select Fintech Port (FSVLX)
There are 1 members of the management team with an average tenure of 0.34 years: Coby Powers (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and FactSet Financial Tech Linked TR USD index with a weighting of 100%. Fidelity Select Fintech Port has 21 securities in its portfolio. The top 10 holdings constitute 73.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Select Fintech Port is part of the Equity global asset class and is within the Sector Equity fund group. Fidelity Select Fintech Port has 8.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.6%. There is 8.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Select Fintech Port has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $82 million in total assets, which is below the $188 million average for the Financial category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FSVLX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Select Fintech Port expense ratio is above average compared to funds in the Financial category. Fidelity Select Fintech Port has an expense ratio of 0.74%, which is 44% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Select Fintech Port has a portfolio turnover rate of 239%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Financial category.
Recently, in the month of June 2026, Fidelity Select Fintech Port returned 2.2%, which earned it a grade of F, as the Financial category had an average return of 5.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Fidelity Select Fintech Port has a trailing yield of 0.00%, which is below the 1.05% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Fidelity Select Fintech Port Grades
Year to date, the fund has returned -17.9%, 22.6 percentage points worse than the category, which translates into a grade of F. The fund has returned -21.5% over the past year (grade of F), 2.6% over the past three years (grade of F) and -3.5% per year over the past five years (grade of F) and 7.0% per year over the past 10 years (grade of F).
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FSVLX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FSVLX Return (NAV) | 2.2% | 7.9% | -21.5% | 2.6% | -3.5% | 7.0% |
| FSVLX Grade | F | F | F | F | F | F |
| +/- Category | -3.7% | -4.1% | -35.3% | -18.8% | -11.8% | -4.3% |
| Financial Avg | 5.9% | 12.1% | 13.8% | 21.4% | 8.3% | 11.3% |
| FSVLX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.8% | 0.8% |
FSVLX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FSVLX Return (NAV) | -17.9% | 0.3% | 22.0% | 24.5% | -29.8% | 22.5% | 2.2% | 34.2% | -10.4% | 23.1% | 14.6% |
| FSVLX Grade | F | F | D | A | F | F | B | A | A | A | F |
| +/- Category | -22.6% | -15.0% | -3.5% | 12.8% | -13.0% | -11.0% | 1.8% | 5.8% | 4.9% | 7.0% | -6.3% |
| Financial Avg | 4.7% | 15.3% | 25.6% | 11.8% | -16.8% | 33.6% | 0.5% | 28.3% | -15.3% | 16.1% | 20.9% |
| Risk Measures | |
| Standard Deviation: | 20.3% |
| Total Risk Index: | 1.67 - High |
| Category Risk Index: | 1.07 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 1.06 |
| R-Squared: | 44% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $82 Mil |
| Fund Total Assets: | $ 83 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 239% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Powers Coby (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 21 |
| % in Top 10 Holdings: | 73.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 8.4% |
Portfolio Allocation |
|
| Domestic Stock: | 91.6% |
| Foreign Stock: | 8.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-544-8544 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | December 16, 1985 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.74% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.33% |
| Share Class: | Fidelity Select Fintech Port |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
