- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Sep 29, 1986
- Business
- Fidelity Select Construction & Housing Portfolio (FSHOX) is an actively managed mutual fund that seeks capital appreciation by investing primarily in securities of companies engaged in the design and construction of residential, commercial, industrial, and public works facilities, as well as firms involved in the manufacture, supply, distribution, or sale of construction and housing-related products and services. The fund normally allocates at least 80% of its assets to such equities, including common stocks of domestic and foreign issuers principally operating in these sectors; its portfolio emphasizes consumer discretionary (approximately 48%), industrials (31%), and materials (11%) segments, with top holdings such as The Home Depot Inc. (17%), Lowe's Companies Inc. (13%), Trane Technologies plc, Johnson Controls International plc, and CRH plc. It is non-diversified, employs fundamental analysis of issuers' financial conditions, industry positions, and market/economic factors, and maintains a portfolio turnover rate of 36% with total assets under management of around $724 million to $776 million as of late 2025.
Launched on September 29, 1986, and domiciled in the United States with management by Fidelity Investments, the fund targets investors seeking exposure to the cyclical consumer and construction industries, including home improvement retailers, building materials producers, homebuilders, and infrastructure service providers. Geographically, it focuses predominantly on U.S.-based companies while incorporating select international issuers to capture global housing and construction trends.
In recent developments, the fund has benefited from portfolio manager tenure since 2021 amid a resilient housing market recovery; as of mid-2025, it posted a year-to-date return of approximately 7.8% to 9.6% (adjusted for sales charges and reinvested distributions), with a most recent distribution of $0.8090 per share and a 52-week NAV range of $101.16 to $138.58. Expense ratio remains stable at 0.69%, positioning it competitively within the consumer cyclical category, though no major acquisitions, funding rounds, or structural reorganizations were reported in 2024-2025; ongoing strategic emphasis lies in mid-cap blend styles favoring growth in homebuilding and renovation demand.