If you have been looking for Mutual Fund Equity Report funds, a place to start could be Fidelity Select Retailing (FSRPX Quick QuoteFSRPX - Free Report) . FSRPX bears a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

Fidelity is responsible for FSRPX, and the company is based out of Boston, MA. The Fidelity Select Retailing made its debut in December of 1985 and FSRPX has managed to accumulate roughly $4.45 billion in assets, as of the most recently available information. The fund is currently managed by Boris Shepov who has been in charge of the fund since May of 2018.

Performance

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 23.18%, and it sits in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 29.13%, which places it in the top third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FSRPX over the past three years is 20.87% compared to the category average of 23.25%. Over the past 5 years, the standard deviation of the fund is 18.91% compared to the category average of 20.21%. This makes the fund less volatile than its peers over the past half-decade.

Risk Factors

Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. FSRPX has a 5-year beta of 1.12, which means it is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a positive alpha of 2.53, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FSRPX is a no load fund. It has an expense ratio of 0.70% compared to the category average of 1.21%. Looking at the fund from a cost perspective, FSRPX is actually cheaper than its peers.

While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.

Bottom Line

Overall, Fidelity Select Retailing ( FSRPX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Fidelity Select Retailing ( FSRPX ) looks like a good potential choice for investors right now.

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