uploads///Portfolio Breakdown of the FSAEX

Fidelity Series All-Sector Equity Fund’s YTD 2016 Sector Composition


Sep. 1 2016, Updated 8:05 a.m. ET

Fidelity Series All-Sector Equity Fund overview

The Fidelity Series All-Sector Equity Fund (FSAEX) invests primarily in common stocks of US and foreign issuers. It invests in growth stocks, value stocks, or both. The fund is managed by FMR’s (Fidelity Management & Research) Stock Selector Large Cap Group, which comprises nine fund managers.

This fund’s shares can be purchased only by mutual funds, for which FMR or an affiliate serves as the investment manager.

Qorvo (QRVO), Autodesk (ADSK), L Brands (LB), V.F. Corporation (VFC), and Hilton Worldwide Holdings (HLT) were among the fund’s 210 holdings at the end of June. In July 2016, the fund was managing $9.9 billion in assets.

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Portfolio changes in the Fidelity Series All-Sector Equity Fund

The Fidelity Series All-Sector Equity Fund (FSAEX) is quite diversified, and it has no dominant sector. The highest allocation is in the information technology sector, which has 17% of the fund’s assets invested. The financial, healthcare, and consumer discretionary sectors form over a tenth each of the fund’s assets.

We’ve looked at the quarterly portfolios of FSAEX for the past three years through June 2016. The fund’s cash holdings have declined in 2Q16. This means that it has started deploying money into stocks. The allocation to both consumer-focused sectors has been consistent over the past three years.

Energy stocks have seen a sharp decline while healthcare and information technology stocks have seen an increase in their respective portfolio weights. Like the consumer discretionary sector, other sectors have been consistent in terms of composition.

With this portfolio positioning in mind, the next article details how the Fidelity Series All-Sector Equity Fund (FSAEX) has fared in YTD 2016.


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