MUTUAL FUND Investor Guide THE Investor Guide TO …
DECEMBER 2017
MUTUAL FUND Investor Guide
THE Investor Guide TO FIDELITY FUNDS
Matthew D. Sauer
Founder & Chief Investment Officer
Matthew Sauer is the Founder and Chief Investment Officer of the Mutual Fund Investor Guide family of newsletters. Each month he analyzes and provides buy, sell and hold recommendations for hundreds of mutual funds and ETFs in three newsletters: The Investor Guide to Fidelity Funds, The ETF Investor Guide and The Investor Guide to Vanguard Funds.
Matthew is also the Founder and Chief Investment Officer of MDS Wealth Advisors, a Registered Investment Advisor that provides personalized investment solutions.
In This Issue
1 Market Perspective:
Personal Income and Consumer Spending Increase
2 Portfolio Updates 3 Model Portfolios 5 Data & Rankings 11 Fund Spotlight:
Fidelity Select Healthcare (FSPHX)
Market Perspective: Personal Income and Consumer Spending Increase
The Dow Jones Industrial Average rallied 3.83 percent to lead all major indexes. Financials and industrials were two of the best-performing sectors on the month, bested only by consumer shares. Fidelity Select Consumer Staples (FDFAX) increased 2.95 percent and Fidelity Select Consumer Discretionary (FSCPX) 5.33 percent.
Fidelity Value Discovery (FVDFX), Mega Cap Stock (FGRTX) and Equity Income (FEQTX) rallied 2.68, 2.91 and 2.81 percent, respectively, in November. Growth-oriented Contrafund (FCNTX) saw smaller advances.
Although short-term interest rates increased as the market priced in a Federal Reserve rate hike, long-term interest rates held steady in November. This caused the yield curve to flatten as the spread between long-term and short-term Treasuries declined. Assuming tax reform passes, the tax savings will drop to 20 percent next year. Corporations can save more money by loading several years of pension investments into 2017. We would not be surprised to see long-term rates tick higher in late December or early 2018 as this effect wears off.
Long-term bond yields are still trending lower, and rates can rise without breaking this trend. With the Fed raising short-term interest rates, floating-rate bond funds such as Fidelity Floating-Rate High Income (FFRHX) remain attractive, as do high-yield bond funds with short durations, such as Thompson Bond (THOPX).
Economic data was very strong in November. October new home sales hit an annualized pace of 685,000. Existing home sales, home prices and building permits are all consistent with an improving housing sector. Fidelity Select Construction & Housing (FSHOX) gained 4.58 percent in November.
Motor vehicle sales slowed to an annualized pace of 17.5 million in November, down from 18.1 million in October. Sales surged in October as drivers in Texas and Florida replaced storm-damaged
vehicles. Fidelity Select Automotive (FSAVX) increased 2.60 percent.
Personal income and consumer spending rose faster than expected in October. Black Friday sales were strong both in stores and online. Fidelity Select Retailing (FSRPX) gained 6.36 percent in November. Supermarket giant Kroger (KR), the largest pureplay grocer, beat earnings estimates by 10 percent. It saw same-store sales growth of 1.1 percent in the third quarter and sees the same for the current quarter. Shares rallied more than 10 percent following its reports.
Third-quarter economic growth was revised higher to 3.3 percent. Weekly jobless claims remained low and consumer confidence eased in November to the second-highest reading of the year. Manufacturing PMIs also eased, but like consumer confidence, remain near their highs for the year. Citigroup's Economic Surprise Index hit its highest level since 2013, indicating data from across the economy is coming in much stronger than economists expected. The Atlanta Federal Reserve predicts 2.7 percent growth, in line with the economist consensus forecast.
The uptick in economic growth and the prospect of fiscal stimulus via tax cuts sparked a rally in the financial sector and a major breakout in bank stocks. Fidelity Select Banking (FSRBX) advanced 3.19 percent in November.
The U.S. dollar moved contrary to the economic data. The U.S. Dollar Index fell 1.5 percent in November. Fidelity Spartan International (FSIIX) gained 0.79 percent, but this was dwarfed by the 3.05 percent return in Fidelity 500 (FUSEX). While foreign shares enjoyed a countertrend rally for much of 2017, domestic U.S. stocks are still leading the bull market.
The European economy was very strong in November, with the manufacturing PMI hitting its second-highest level since the survey began in 1997. European stocks didn't rally, as German politics weighed on stocks. Along with Italy, Spain and Greece still facing debt problems, political turmoil in Germany will be a concern going forward. Fidelity Europe (FIEUX) rose 0.78 percent.
(continued on page 2)
1
The Investor Guide TO FIDELITY FUNDS
Market Perspective: Personal Income and Consumer Spending Increase (continued)
Third-quarter S&P 500 earnings grew 6.4 percent, but they're headed back to double digits in the fourth quarter. Analysts currently forecast 10.5 percent growth. Energy, materials, technology, financials and utilities are projected to grow earnings at double digits in the fourth quarter. Analysts see energy, materials, financials and technology driving S&P 500 earnings growth in 2018. Real estate, utilities and telecom are forecast to have the slowest growth.
With year-end approaching, it is time to consider the impact of taxes on investments. Investors should avoid buying a tax-inefficient fund ahead of a capital gains distribution. Fidelity Capital Appreciation
(FDCAX) is scheduled to pay out 7.5 percent of net assets (as of November 30). Investors who buy this fund in a taxable account will have to pay taxes on those gains even if they buy it one day before the distribution. Fidelity Dividend Growth (FDGFX) is slated to pay out 9.1 percent of assets. Several of the Select funds will pay out more than 10 percent of net assets.
We won't know the final details of the tax reform bill until later this month. Assuming your income tax rate declines, you may want to defer income into 2018 and accelerate expenses in 2017, such as maximizing contributions to individual retirement accounts (IRAs) and 401(k)
s. High-income taxpayers in states with high taxes may have a more complicated situation, assuming the state and local tax deductions are eliminated. The contribution limit to 401(k)s is $18,000 in 2017. The catch-up contribution for those 50 and older is $6,000. The corresponding limits for traditional and Roth IRAs are $5,500 and $1,000, respectively.
Investors over the age of 70? will need to take required minimum distributions from their traditional IRAs and pre-tax 401(k)s. Many people wait until the last minute. If you require phone assistance in making this distribution, it can mean a very long wait time with Fidelity and other brokers. Make
Portfolio Updates
The Dow Jones Industrial Average increased 3.83 percent in November. The S&P 500 Index climbed 2.81 percent, the Russell 2000 Index 2.77 percent, the Nasdaq 2.17 percent and the MSCI EAFE 0.88 percent.
In 2017, the Nasdaq has risen 27.69 percent. The Dow Jones Industrial Average has advanced 22.82 percent, the MSCI EAFE Index 19.96 percent, the S&P 500 Index 18.25 percent and the Russell 2000 13.78 percent.
We made several changes to the Model Portfolios this month.
In the Fidelity Balanced Growth Portfolio, we sold 25 percent of Fidelity Contrafund (FCNTX) and purchased Fidelity Growth & Income (FGRIX) with the proceeds. Contrafund has performed exceptionally well in 2017 and taking some profits is prudent.
In the Diversified Sector Portfolio, we sold 25 percent of Fidelity Select Technology (FSPTX) and purchased Fidelity MSCI Consumer Staples (FSTX) with the proceeds. Given FSPTX's large gains this year, modest profit taking makes sense.
The Fidelity Select Sector Portfolio advanced 2.78 percent in November. The portfolio is up 26.50 percent this year. Industrials (FCYIX) rallied 4.45 percent as investors started pricing in corporate tax cuts. Financial Services (FIDSX) rose 3.72 percent for the same reason, because of rising interest rate expectations.
The Fidelity Straight Growth Portfolio increased 2.58 percent last month. Value stocks outperformed in November. Value Discovery (FVDFX) led this portfolio with an increase of 2.98 percent. LowPriced Stock (FLPSX) was next with a gain of 2.92 percent. The portfolio is up 17.71 percent this year.
The Fidelity Balanced Growth Portfolio climbed 1.54 percent in November. Mega Cap Stock (FGRTX) benefited from exposure to large-cap value, advancing 2.91 percent. Fidelity Fund (FFIDX) rose 2.87 percent. The portfolio is up 16.87 percent this year.
The Fidelity Global Portfolio increased 1.72 percent last month. International Small Cap Discovery (FSCOX) returned 3.10 percent, bucking weakness in international stocks. Global Equity Income (FGILX) added 1.62 percent. The portfolio is up 22.88 percent in 2017.
The Fidelity Conservative Income Portfolio returned 0.92 percent in November. It is up 7.27 percent this year. Equity Dividend Income (FEQTX) led with a gain of 2.81 percent. Floating Rate High Income (FFRHX) rose 0.12 percent as investors started lifting LIBOR rates in anticipation of a December rate hike.
The Diversified Sector Portfolio increased 2.54 percent last month. The portfolio has gained 25.40 percent in 2017. Fidelity MSCI Consumer Staples (FSTA) advanced 5.66 percent. Three funds gained more than 3 percent, including Hennessy Small Cap Financial (HSFNX) and Fidelity MSCI Industrials (FIDU).
The NTF Straight Growth Portfolio returned 2.90 percent last month. The portfolio is up 16.72 percent this year. Parnassus Core Equity (PRBLX) advanced 3.41 percent. Top holdings such as United Parcel Service (UPS) and Disney (DIS) powered the move. FAM Value (FAMVX) followed with an increase of 3.24 percent.
The NTF Balanced Growth Portfolio increased 1.98 percent last month. The portfolio is up 10.43 percent in 2017. Federated MDT Stock (FSTKX) popped 3.72 percent and PIMCO Small Cap (PCKDX) rallied 3.47 percent.
(continued on page 12)
2 DECEMBER 2017 | PHONE: (888) 252-5372
Model Portfolios
Fidelity Select Sector Fund Portfolio
SYMBOL
Fund
Price
FSPTX FIDSX FSPHX FCYIX FDFAX
Technology Financial Services Healthcare Industrials Consumer Staples
190.80 115.76 233.26 37.33 96.69
TOTAL
Fidelity Straight Growth Portfolio
SYMBOL
Fund
FEQTX
Equity Dividend Income
FCNTX FLPSX FVDFX FCPEX FGRTX
Contrafund Low-Priced Stock Value Discovery Small Cap Enhanced Mega Cap Stock
Price
29.62
128.95 54.28 28.65 14.87 17.69
TOTAL
Fidelity Balanced Growth Portfolio
SYMBOL
Fund
Price
FGRTX FFIDX FSICX FCBFX FCNTX FGRIX
Mega Cap Stock Fidelity Fund Strategic Income Fidelity Corporate Bond Contrafund Fidelity Growth and Income
17.69 46.21 11.15 11.60 128.95 37.17
Shares 262.13 504.76 212.63 1617.30 122.15
Shares 2364.82
351.31 666.44 1219.45 1339.93 1102.47
Shares 2141.57 820.07 3342.49 2711.37 250.27 289.41
(Data provided as of 11/30/17)
Allocation 21.72% 25.38% 21.54% 26.22% 5.13%
100.00%
1 MONTH 0.45% 3.72% 2.03% 4.45% 2.95%
2.78%
YTD 51.52% 19.01% 21.62% 17.62% -1.58%
26.50%
Total Return $50,013.79 $58,431.39 $49,599.08 $60,373.91 $11,810.67
$230,228.84
Allocation 31.01% 20.06% 16.01% 15.47% 8.82% 8.63%
100.00%
1 MONTH 2.81% 1.59% 2.92% 2.98% 2.41% 2.91%
2.58%
YTD 6.54% 31.81% 17.63% 12.37% 7.52% 15.58%
17.71%
Total Return $70,045.90 $45,301.90 $36,174.40 $34,937.33 $19,924.78 $19,502.75
$225,887.07
Allocation
20.20% 20.21% 19.87% 16.77% 17.21%
5.74%
1 MONTH
2.91% 2.87% 0.24% -0.17% 1.59%
N/A
YTD
15.58% 23.48%
7.61% 5.85% 31.81%
N/A
Total Return
$37,884.42 $37,895.67 $37,268.71 $31,451.88 $32,271.96 $10,757.32
TOTAL
Fidelity Global Portfolio
SYMBOL
Fund
FSCOX FIGRX FWWFX FGILX FGHNX
International Small Cap Opp International Discovery Worldwide Global Equity Income Global High Income
Price
19.27 47.27 28.02 14.44 9.80
TOTAL
Fidelity Conservative Income Portfolio
SYMBOL
Fund
Price
FFRHX FSTFX FSICX FEQTX
Floating Rate High Income Limited Term Muni Strategic Income Equity Dividend Income
9.63 10.49 11.15 29.62
TOTAL
Shares 2792.95
365.60 796.92 3926.53 3054.55
Shares 3318.14 1576.47 3933.03 1494.63
100.00%
Allocation 29.89% 9.60% 12.40% 31.49% 16.62%
100.00%
Allocation 23.39% 12.10% 32.10% 32.41%
100.00%
1.54%
1 MONTH 3.10% 0.51% 1.48% 1.62% 0.34%
1.72%
1 MONTH 0.12%
-0.66% 0.24% 2.81%
0.92%
16.87% $187,529.96
YTD 32.44% 29.58% 5.22% 19.77% 10.07%
22.88%
Total Return $53,820.08 $17,282.07 $22,329.77 $56,699.06 $29,934.55
$180,065.52
YTD 3.44% 2.02% 7.61% 12.08%
7.27%
Total Return $31,953.67 $16,537.13 $43,853.33 $44,270.87
$136,615.01
User Guide
Rank: Our proprietary ranking system uses both technical and fundamental analysis to identify those funds expected to outperform over the following 6 months, on a risk adjusted basis.
Advice: Based on technical and fundamental indicators, we issue buy, hold and sell recommendations based upon expected future performance. We often avoid recommending funds that are extraordinarily volatile or are exposed to significant market risk.
Performance Returns: YTD, 1-month, 3-month and 1-year returns are calculated each month based on the trailing returns. For 3-year and 5-year periods, returns are annualized.
Yield %: We use the 30-day SEC Yield to provide the expected income generated by each fund, as reported by the fund in its most recent filing.
Beta: The 3-year Beta is the measure of the volatility, or systematic risk of the fund as compared to the market. A Beta of 1.3 will typically be 30% more volatile than the market.
Standard Deviation (SD): Also used to measure volatility, is determined from the monthly returns of the fund over the previous 3 years. Those funds with higher standard deviations are more volatile as compared to those with a lower standard deviation.
Expense Ratio: The expense ratio is the fee charged by the mutual fund. This charge is deducted from the return of the fund, impacting performance. Please note, funds may have different share classes with varying expenses associated with each class.
| DECEMBER 2017 3
The Investor Guide TO FIDELITY FUNDS
Diversified Sector Portfolio
SYMBOL
Fund
FSPHX FSPTX FIDU HSFNX RYOIX FSTA FNCL
Fidelity Select Healthcare Fidelity Select Technology Fidelity MSCI Industrials Hennessy Sm Cap Financial Rydex Biotechnology Fidelity MSCI Cons Staples Fidleity MSCI Financials
TOTAL
NTF Straight Growth Portfolio
SYMBOL
Fund
JAENX FGRTX FEQTX FAMVX PRBLX
Janus Enterprise Mega Cap Stock Equity Dividend Income FAM Value Parnassus Core Equity
TOTAL
NTF Balanced Growth Portfolio
SYMBOL
Fund
FMILX FEQTX FCBFX FSTKX PCKDX THOPX
Fidelity New Millennium Equity Dividend Income Fidelity Corporate Bond Federated MDT Stock PIMCO Small Cap Thompson Bond
TOTAL
Tax Advantage Portfolio
SYMBOL
PRBLX FPURX PSHDX FLPSX FCVSX
Fund
Parnassus Core Equity Puritan PIMCO Short-Term Fidelity Low-Priced Stock Convertible Securities
TOTAL
Aggressive Value Portfolio
SYMBOL
Fund
FDFAX ICTEX FCPGX FBIOX FSRBX FSLBX FSDAX
Fidelity Consumer Staples ICON Info Technology Fidelity Sm Cap Growth Fidelity Select Biotech Fidelity Select Banking Fidelity Select Brokerage Fidelity Select Def & Aero
TOTAL
Bear Market Portfolio
SYMBOL
Fund
CVSIX PSSDX MWLDX FFRHX DLFNX
Calamos Market Neutral PIMCO Short Strategy MetWest Low Duration Floating Rate High Income DoubleLine Core Fixed Inc
TOTAL
Price 233.26 190.80
38.16 26.91 91.10 33.77 40.34
Price 118.95
17.69 29.62 76.78 42.82
Price 42.70 29.62 11.60 30.40 10.72 11.45
Price 42.82 23.49
9.89 54.28 28.59
Price 96.69 20.11 24.95 219.24 35.88 84.23 169.84
Price 13.46 8.22
8.70 9.63 10.95
4 DECEMBER 2017 | PHONE: (888) 252-5372
Shares 127.25 225.03 1236.37 1003.95 275.63 1192.18 534.16
Shares 269.19 2550.49 1496.58 490.27 852.65
Shares 427.49 1051.90 2349.72 1085.94 1741.61 2645.85
Shares 589.54 1897.47 2255.76 983.65 776.83
Shares 343.92 1283.16 1007.28 142.75 1075.00 228.38 100.60
Shares 2004.32
938.98 3580.40 1987.13 2004.58
Allocation 12.70% 18.37% 20.19% 11.56% 10.74% 17.22% 9.22%
90.78%
Allocation 16.37% 23.06% 22.66% 19.24% 18.66%
100.00%
Allocation 11.51% 19.64% 17.18% 20.81% 11.77% 19.10%
100.00%
Allocation 15.05% 26.57% 13.30% 31.83% 13.24%
100.00%
Allocation 17.47% 13.55% 13.20% 16.44% 20.26% 10.10% 8.97%
100.00%
Allocation 25.23% 7.22% 29.13% 17.90% 20.53%
100.00%
1 MONTH 2.03% 0.45% 3.59% 3.42% 1.17% 5.66% 3.46%
2.54%
1 MONTH 2.04% 2.91% 2.81% 3.24% 3.41%
2.90%
1 MONTH 2.59% 2.81% -0.17% 3.72% 3.47% 0.00%
1.98%
1 MONTH 3.41% 1.47% 0.25% 2.92% 0.60%
1.93%
1 MONTH 2.95% -0.69% 0.93% 0.09% 3.19% 5.46% 2.95%
1.99%
1 MONTH 0.37% -3.07% -0.11% 0.12% -0.05%
-0.16%
YTD 26.22% 51.52% 20.10%
3.02% 28.42%
4.18% 3.46%
25.40%
Total Return $29,683.16 $42,935.31 $47,183.96 $27,016.36 $25,110.27 $40,259.82 $21,547.86
$233,736.73
YTD 26.17% 6.69% 12.08% 16.65% 15.46%
16.72%
Total Return $32,019.61 $45,118.16 $44,328.77 $37,643.05 $36,510.62
$195,620.21
YTD 18.48%
6.54% 5.85% 11.64% 15.77% 4.49%
10.43%
Total Return $18,253.77 $31,157.23 $27,256.77 $33,012.68 $18,670.01 $30,295.00
$158,645.46
YTD 15.46% 15.00% 2.56% 17.63% 8.60%
13.17%
Total Return $25,243.98 $44,571.52 $22,309.43 $53,392.64 $22,209.66
$167,727.24
YTD 9.28% 29.13% 21.18% 25.96% 11.45% 10.34% 22.05%
21.12%
Total Return $33,253.44 $25,804.35 $25,131.58 $31,296.21 $38,570.83 $19,236.45 $17,086.52
$190,379.38
YTD 3.69% -14.55% 1.08% 3.01% 4.06%
1.36%
Total Return $26,978.10
$7,718.41 $31,149.52 $19,136.02 $21,950.18
$106,932.23
Data & Rankings
Symbol
Name
FARNX FBCVX FBGRX FCNTX FCPEX FCPGX FCPVX FDCAX FDEGX FDEQX FDFFX FDGFX FDGRX FDLO FDMO FDRR FDSCX FDSSX FDSVX FDVLX FDVV FEQIX FEQTX FEXPX FFIDX FGRIX FGRTX FLCEX FLCSX FLGEX FLPSX FLVCX FLVEX FMAGX FMCSX FMEIX FMILX FNCMX FOCPX FQAL FSCLX FSCRX FSDIX FSEMX FSLCX FSLSX FSLVX FSMVX FSSMX FSSPX FSTMX FTQGX FTRNX FUSEX FVAL FVDFX ONEQ
Fidelity? Event Driven Opportunities Fidelity? Blue Chip Value Fidelity? Blue Chip Growth Fidelity? Contrafund? Fidelity? Small Cap Enhanced Index Fidelity? Small Cap Growth Fidelity? Small Cap Value Fidelity? Capital Appreciation Fidelity? Growth Strategies Fidelity? Disciplined Equity Fidelity? Independence Fidelity? Dividend Growth Fidelity? Growth Company Fidelity? Low Volatility Factor ETF Fidelity? Momentum Factor ETF Fidelity? Dividend ETF for Rising Rates Fidelity? Stock Selector Small Cap Fidelity? Stock Selec All Cp Fidelity? Growth Discovery Fidelity? Value Fidelity? Core Dividend ETF Fidelity? Equity-Income Fidelity? Equity Dividend Income Fidelity? Export & Multinational Fidelity Fund Fidelity? Growth & Income Portfolio Fidelity? Mega Cap Stock Fidelity? Large Cap Core Enhanced Index Fidelity? Large Cap Stock Fidelity? Large Cap Growth Enhanced Idx Fidelity? Low-Priced Stock Fidelity? Leveraged Company Stock Fidelity? Large Cap Value Enhanced Index Fidelity? Magellan? Fidelity? Mid-Cap Stock Fidelity? Mid Cap Enhanced Index Fidelity? New Millennium Fidelity? Nasdaq Composite Index? Fidelity? OTC Portfolio Fidelity? Quality Factor ETF Fidelity Mid Cap Index Investor Fidelity? Small Cap Discovery Fidelity? Strategic Dividend & Income? Fidelity Extended Market Index Inv Fidelity? Small Cap Stock Fidelity? Value Strategies Fidelity? Stock Selec Lg Cp Val Fidelity? Mid Cap Value Fidelity Advisor? Stock Selector Mid Cp Fidelity Small Cap Index Inv Fidelity Total Market Index Inv Fidelity? Focused Stock Fidelity? Trend Fidelity 500 Index Inv Fidelity? Value Factor ETF Fidelity? Value Discovery Fidelity? Nasdaq Composite Tr Stk ETF
FBIOX FBMPX FBSOX FCYIX FDCPX FDFAX FDLSX FIDSX FNARX FPHAX FSAGX FSAIX FSAVX FSCGX FSCHX FSCPX FSCSX FSDAX FSDCX FSDPX
Fidelity? Select Biotechnology Portfolio Fidelity? Select Multimedia Portfolio Fidelity? Select IT Services Portfolio Fidelity? Select Industrials Portfolio Fidelity? Select Computers Portfolio Fidelity? Select Consumer Staples Port Fidelity? Select Leisure Portfolio Fidelity? Select Financial Services Port Fidelity? Select Natural Resources Port Fidelity? Select Pharmaceuticals Port Fidelity? Select Gold Portfolio Fidelity? Select Air Transportation Port Fidelity? Select Automotive Port Fidelity? Select Industrial Equip Port Fidelity? Select Chemicals Portfolio Fidelity? Select Consumer Discret Port Fidelity? Select Software & Comp Port Fidelity? Select Defense & Aero Port Fidelity? Select Comms Equip Port Fidelity? Select Materials Portfolio
(Data provided as of 11/30/17)
NAV Rank
Advice
% Return (3 and 5 Years Annualized)
Beta SD Expense
YTD 1 Month 3 Month 1 Year 3 Year 5 Year Yield % 3 Year 3 Year Ratio
FIDELITY GROWTH FUNDS
14.78 97
Buy
16.15 1.51 5.27 18.98 12.71
1.22 14.72 1.10
19.38 96
Buy
12.89 3.36 6.07 16.04 7.63 14.20
0.95 10.63 0.78
89.05 96 Strong Buy 34.93 1.86 7.26 35.78 13.16 18.48
1.03 12.06 0.69
128.95 97 Strong Buy 31.83 1.59 7.30 32.52 13.00 16.39
0.90 10.13 0.68
14.87 84 Strong Buy 7.52 2.41 9.66 12.25 9.81 14.31
1.03 14.12 0.67
24.95 99 Strong Buy 27.87 0.93 9.02 29.49 15.68 17.89
0.91 12.26 1.07
20.81 98
Buy
13.26 4.63 11.71 16.77 11.65 15.57
0.79 10.51 0.99
38.75 94
Buy
22.32 2.24 6.43 22.36 8.25 14.36
1.06 11.86 0.60
40.96 97
Buy
20.51 2.89 8.36 21.63 8.45 15.16
39.89 93
Buy
20.08 2.39 6.86 21.92 8.45 14.62
41.90 87
Hold
25.15 2.02 7.44 25.72 7.00 14.63
35.82 94
Buy
18.06 4.13 8.25 20.30 7.98 13.64
185.26 94
Buy
35.44 1.66 7.39 37.33 15.67 19.53
30.37 89
Buy
19.01 3.18 8.14 20.88
31.32 89
Buy
23.84 2.70 10.19 25.97
0.89 9.72 0.94 0.97 10.04 0.68 1.14 13.05 0.54 0.96 9.83 0.52 1.18 13.23 0.77
0.29 0.29
30.45 90 Strong Buy 17.53 3.50 7.52 19.42
0.29
29.31 96
Buy
11.96 2.09 9.45 14.93 9.62 13.28
1.00 12.15 0.88
45.22 97
Buy
24.26 2.52 7.39 26.34 10.71 15.43
1.03 10.66 0.62
33.42 96
Buy
34.68 1.00 6.13 35.55 12.81 17.08
0.93 10.98 0.65
124.50 98 Strong Buy 13.41 2.12 4.94 15.70 7.35 14.22
1.03 11.32 0.61
28.47 87
Buy
11.88 3.48 7.43 13.35
0.29
62.52 88 Strong Buy 11.73 2.61 6.27 14.05 7.91 12.17 2.20 0.94 9.91 0.62
29.62 94 Strong Buy 12.08 2.81 6.54 14.61 8.14 12.86 2.32 0.91 9.52 0.62
22.25 85
Buy
18.69 4.66 8.35 19.72 9.50 12.90
0.92 9.64 0.75
46.21 97 Strong Buy 23.48 2.87 8.63 25.07 10.30 14.41 0.68 0.97 10.17 0.51
37.17 96 Strong Buy 14.21 3.08 7.22 16.48 8.69 14.19 1.72 1.11 11.79 0.63
17.69 98 Strong Buy 15.58 2.91 6.69 17.76 8.73 14.30 0.83 1.12 11.70 0.68
14.98 98
Buy
19.97 3.52 9.02 22.26 9.57 15.30
0.99 10.13 0.40
33.48 97
Buy
15.52 2.89 7.17 17.84 9.01 15.37
1.16 12.54 0.62
19.38 97 Strong Buy 25.73 3.47 10.05 27.71 11.60 16.61
1.01 10.57 0.40
54.28 98 Strong Buy 18.44 2.92 7.57 19.12 8.74 13.79
0.80 8.89 0.67
33.94 87
Hold
18.29 0.65 6.08 19.40 6.43 12.07
1.18 13.48 0.78
13.55 87
Buy
14.08 3.91 8.40 16.98 8.66 14.84
0.99 10.59 0.40
108.04 98 Strong Buy 25.20 2.31 8.32 26.57 11.06 16.35
1.05 10.95 0.67
39.77 96 Strong Buy 17.67 2.05 7.25 19.68 9.48 14.73
0.89 9.92 0.58
16.40 92
Buy
16.96 4.06 9.85 18.69 9.11 15.79
0.94 10.51 0.59
42.70 96 Strong Buy 18.48 2.59 8.46 20.69 9.46 14.49
1.01 10.79 0.57
90.92 95
Buy
28.73 2.27 7.10 30.26 13.94 19.19
1.16 12.55 0.29
109.79 94
Buy
37.79 1.45 6.10 40.19 16.13 22.10
1.25 15.03 0.81
31.51 91
Buy
21.46 3.65 7.69 23.47
0.29
21.15 95
Buy
17.22 3.37 7.96 18.54 9.13 15.05
0.99 10.53 0.20
32.74 93
Buy
7.72 1.74 8.37 10.37 7.68 13.49
0.91 12.57 0.87
16.01 94 Strong Buy 11.63 2.10 4.34 14.21 7.46 10.86 2.25 1.09 7.08 0.75
64.51 93
Buy
17.55 2.87 8.75 19.70 10.03 15.02
1.06 12.26 0.10
20.54 92
Buy
12.49 2.55 9.43 15.80 9.72 13.08
0.96 11.49 1.02
44.81 96 Strong Buy 17.49 2.68 5.63 20.18 8.42 12.76
1.10 12.07 0.55
20.65 95
Buy
10.76 3.15 5.57 13.27 7.35 13.67
0.93 9.93 0.76
28.66 98 Strong Buy 15.66 4.87 9.43 18.82 7.89 15.53
0.97 10.63 0.72
41.43 88
Buy
19.05 2.27 6.70 20.87 8.85 13.39
1.03 11.27 0.63
20.90 97
Buy
15.16 2.90 10.23 18.37 11.20 15.06
1.10 14.12 0.19
77.03 97
Buy
19.88 3.02 7.82 22.21 10.65 15.51
1.01 10.25 0.09
24.04 87
Buy
30.94 2.39 8.39 31.54 10.49 14.83
0.94 11.21 0.62
106.65 95
Buy
28.63 1.96 6.84 30.09 12.02 16.54
1.01 11.13 0.73
92.87 97
Buy
20.38 3.05 7.63 22.76 10.82 15.65
1.00 10.09 0.09
32.14 92 Strong Buy 19.28 3.61 8.24 21.61
0.29
28.65 99 Strong Buy 12.37 2.98 5.67 15.75 7.59 14.18
0.91 9.82 0.75
270.73 95 Strong Buy 28.73 2.32 7.15 30.07 14.01 19.20 0.81 1.16 12.53 0.21
FIDELITY SELECT SECTOR FUNDS
219.24 97 80.86 79 55.44 96 37.33 96 97.45 94 96.69 95 173.88 84 115.76 97 28.44 46 18.72 84 19.72 53 88.67 87 40.67 88 44.48 89 185.14 95 42.10 98 172.20 97 169.84 98 36.50 86 92.61 78
Strong Buy Sell Buy
Strong Buy Buy
Strong Buy Hold
Strong Buy Sell
Strong Buy Sell Hold Buy
Strong Buy Buy
Strong Buy Strong Buy Strong Buy
Hold Hold
25.96 9.91
33.36 17.62 34.06 9.28 27.18 19.01 -6.92 10.00 3.13 20.95 24.50 18.23 30.66 19.13 37.24 32.45 11.96 23.16
0.09 -3.95 18.94 3.77 19.40 2.84 -2.75 11.68 5.68 13.75 2.72 10.55 34.68 17.12 21.18 4.45 11.00 18.55 10.17 15.15 1.91 9.15 36.16 10.23 15.55 2.95 0.03 12.48 4.02 9.51 4.77 8.70 25.80 11.80 17.31 3.72 12.78 24.51 10.77 15.81 2.41 12.32 -7.83 -2.04 -0.12 0.92 -1.89 10.79 -0.78 11.86 -1.65 -11.01 5.55 7.75 -11.73 4.81 9.73 23.23 10.56 21.69 2.60 12.53 28.76 5.28 13.99 3.80 9.66 18.21 10.96 13.33 0.14 10.88 31.03 13.42 15.86 5.33 9.35 18.76 9.90 15.11 1.11 8.88 37.05 19.02 22.72 2.95 9.86 30.95 17.37 20.44 5.77 7.20 13.62 6.89 12.93 -0.18 8.08 23.12 7.77 9.65
1.40 28.70 0.74 1.12 15.15 0.82 1.02 12.78 0.79 0.93 12.84 0.77 1.29 16.99 0.81 0.58 9.98 0.76 0.69 11.09 0.79 0.94 14.05 0.76 1.10 20.85 0.83 0.80 13.76 0.79 0.25 37.18 0.84 0.74 13.46 0.84 1.34 17.14 0.95 0.94 12.57 0.83 1.26 16.37 0.79 0.90 11.45 0.76 1.15 14.59 0.75 0.87 12.86 0.79 1.13 15.80 0.88 1.26 15.88 0.81
| DECEMBER 2017 5
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