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Time to Buy Fidelity Select Utilities Fund (FSUTX)

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Fidelity Select Utilities Fund ( FSUTX) seeks capital appreciation. FSUTX normally invests at least 80% of assets in common stocks of companies principally engaged utilities industries and companies deriving majority of their revenue from utilities operations.

This Sector - Utilities product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8% and 5 year 11.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

FSUTX’s performance, as of the last filing, when compared to funds in its category was in the top 28% over the past 1 year, and in the top 21% over the past 3 years and in the top 16% over the past 5 years.

The Fidelity Select Utilities Fund, as of the last filing, allocates its fund in three markets: Intermediate Bond, Large Growth and Foreign Stock. Further, as of the last filing, Nextera Energy Inc, Sempra Energy and P G & E Corp were the top holdings for FSUTX.

This Zacks Rank #2 (Buy) was incepted in December 1982 and is managed by Fidelity. FSUTX carries an expense ratio of 0.78% and requires a minimal initial investment of $2,500.

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