Fidelity Select Fundranker

Fundranker Blog—Fidelity Investments Category

Fidelity Rewards Visa Signature Card

Fidelity Investments offers the Fidelity Rewards Visa Signature Card, which has several great features: 2% cash-back bonus on every purchase, no limit on reward points, no restrictive categories, zero fraud liability, and no annual fee, among others. Link your card to several kinds of Fidelity accounts for automatic deposit of your rewards. Other cards that offer 5% cash-back bonus on rotating categories are great if you can keep up with them, but this card is a must have for everything else you buy.

We don’t encourage anyone to run up debt on a credit card, but if you have the self-possession to stay on top of your balance, using this card to pay for most of your regular expenditures is a great way to pay yourself back. For every $1,000 you spend, you earn $20 of reward points. In addition to store and online purchases, consider paying your monthly and less frequent bills (such as utilities, insurance premiums, or charitable contributions) with this card. Set these bills to be paid automatically using this credit card, and save yourself some time and postage not paying them one by one.

Posted 4/6/16 10:39am ET in Fidelity Investments | Permalink | Comments (0)

Upcoming Fidelity Fund Name Changes

Fidelity Investments will change the names of two Select funds as of January 1, 2016. Select Software & Computer Services (FSCSX) will become Select Software & IT Services. Select Medical Delivery (FSHCX) will become Select Health Care Services. The ticker symbols for the funds will not change. Fidelity Select Fundranker will note these changes in its January 2016 issue.

In particular, because the funds do not officially change names until January 1, 2016, our December 31 ratings and performance pages included in the January 2016 issue will not reflect the new names. However, if either of the funds are listed in the January 2016 Top Eight Model Portfolio or in exchanges for January 2016, the new names will be reflected. Beginning with our February 2016 issue, the new names will be used throughout the issue.

Historical information prior to 2016 in our online newsletter archive and on our online ratings, results, and portfolio pages still will reflect the old names for these Select funds. Going forward, of course, new newsletter issues added to our online newsletter archive and new ratings, results, and portfolio pages uploaded to our website will reflect the new names.

Posted 12/6/15 10:31am ET in Fidelity Investments, Fundranker | Permalink | Comments (0)

Environmental Name Change

As of July 1, 2010, the Select Environmental Portfolio was renamed the Select Environment & Alternative Energy Portfolio. The investment strategy of the fund changed somewhat, as well:

Before July 1, 2010, the fund’s investment strategy was normally to invest at least 80% of assets in securities of companies principally engaged in the research, development, manufacture, or distribution of products, processes, or services related to waste management, pollution control or reduction, conservation, improving the environment or other environmental concerns.

Effective July 1, 2010, the fund’s investment strategy now is normally to invest at least 80% of assets in securities of companies principally engaged in business activities related to alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies, or other environmental support services.

Posted 8/4/10 10:42pm ET in Fidelity Investments | Permalink | Comments (0)

2009 Qualified Dividends

Fidelity shows qualified dividends paid on funds in a taxable account at www.fidelity.com and on 2009 Form 1099-DIV. These dividends are from companies the funds held for the required holding periods to qualify as qualified dividends. In addition to meeting the holding period within the fund, however, you also have to hold your fund shares for the required holding period for your dividends to be qualified. To pass the qualified dividend holding period test, you must hold your fund shares for a period of at least 61 days, which can precede, straddle, or follow the ex-date of the dividend.

Fidelity paid dividends on several funds in Fundranker’s Top Eight Model Portfolio in April and December, 2009. Here is a list of those dividends, ex-dates, days Fundranker held shares in the funds, and whether those days pass the qualified dividends holding test:

        Fund   Ex-Date Days Pass?
Chemicals (FSCHX) 12/11/2009   32 No
Electronics (FSELX) 4/17/2009   32 No
Gold (FSAGX) 12/11/2009   62 Yes
Materials (FSEPX) 12/11/2009   62 Yes
Multimedia (FBMPX) 12/11/2009   32 No
Pharmaceuticals(FPHAX) 4/17/2009 215 Yes
Telecommunications (FSTCX) 4/17/2009   92 Yes

Assuming you bought and sold the above funds on Fundranker exchange dates, the bottom line here is that you should claim dividends that Fidelity reports as qualified for Gold, Materials, Pharmaceuticals, and Telecommunications as qualified dividends, but not those that Fidelity reports as qualified for Chemicals, Electronics, or Multimedia.

If you bought and sold the above funds on dates other than Fundranker exchange dates, or if you held, in a taxable account, other Fidelity funds which paid qualified dividends, you’ll need to calculate your own holding periods to determine whether the dividends Fidelity reports as qualified are truly qualified.

Posted 3/03/10 11:20am ET in Fidelity Investments, Fundranker, Tax Tips | Permalink | Comments (0)

FNINX, FSPFX Close Permanently

Fidelity’s Select Networking & Infrastructure and Select Paper & Forest Products closed permanently on June 19, 2009. As of that date, Select Networking & Infrastructure was merged into Select Communications Equipment (FSDCX), while Select Paper & Forest Products was merged into Select Materials (FSDPX), both of which are in the Fundranker’s Top Eight Model Portfolio this month. Shareholders of the two closed funds were issued equivalent shares of Select Communications Equipment and Select Materials.

Select Communications Equipment is doing well so far in June, and it looks like it will remain in the Top Eight Model Portfolio for July. Select Materials has fallen out of the Top Eight Model Portfolio and most likely will be exchanged in July.

We will be updating the Fundranker website soon to reflect this change in Fidelity’s Select Fund offerings.

Posted 6/25/09 10:00am ET in Fidelity Investments, Fundranker | Permalink | Comments (0)

April 17 Dividends

Fidelity Investments paid dividends on April 17, 2009, the ex-dividend date, for three of the funds in Fundranker’s Top Eight Model Portfolio: Select Electronics, Select Pharmaceuticals, and Select Telecommunications. If you hold any of these funds in taxable accounts, here’s the scoop on how to determine whether your shares in these three funds meet the 61-day holding period test for qualified dividends. Of course, if you purchased or exchange any or all of your shares in these three funds on days other than Fundranker exchange dates, you will have to calculate your 61-day holding periods using those dates. See Select Fund Dividends for more information.

Fundranker’s Top Eight Model Portfolio purchased Select Electronics on April 3, so the underlying shares will not meet the 61-day holding period test until June 3, 2009. If Fidelity Investments reports it on your 2009 Form 1099-DIV as a qualified dividend and Fundranker holds it through June 3, you should report it as a qualified dividend on your 2009 Form 1040. If Fundranker exchanges the fund before June 3, you should not report it as a qualified dividend on your 2009 Form 1040.

Fundranker’s Top Eight Model Portfolio purchased Select Pharmaceuticals on October 2, 2008, so the underlying shares already easily meet the 61-day holding period test for qualified dividends. If Fidelity Investments reports Pharmaceutical’s April 17 dividend on your 2009 Form 1099-DIV as a qualified dividend, you should report it as a qualified dividend on your 2009 Form 1040.

Fundranker’s Top Eight Model Portfolio purchased Select Telecommunications on March 4, so the underlying shares will meet the 61-day holding period test for qualified dividends on May 4, Fundranker’s next exchange date. Even if Fundranker exchanges the fund that day, the underlying shares still will meet the 61-day holding period test for qualified dividends. If Fidelity Investments reports Telecommunications’ April 17 dividend as a qualified dividend, you should report it as a qualified dividend on your 2009 Form 1040.

Posted 4/17/09 9:03pm ET in Fidelity Investments, Fundranker, Tax Tips | Permalink | Comments (0)

FNINX, FSPFX Close to New Investors

Two of Fidelity Investments’ Select funds, Networking & Infrastructure (FNINX) and Paper & Forest Products (FSPFX), closed to new investors as of March 19, 2009. This means that current investors in the funds can add to their positions, but you cannot open a new position in either fund. This change caught us unaware at Fidelity Select Fundranker and affected the Fundranker system immediately, as it just so happened that Networking & Infrastructure (FNINX), had it still been open, would have made a dramatic move to number three in the Top Eight Model Portfolio for April. We apologize again for the late reissue of the April issue with a corrected listing of the Top Eight Model Portfolio and corrected exchanges for April 3.

The two funds were closed in March pending shareholder votes to merge Networking & Infrastructure (FNINX) into Communications Equipment (FSDCX) and to merge Paper & Forest Products (FSPFX) into Materials (FSDPX). The dates for the votes have not yet been set, and in the meantime, the funds will remain closed to new investors.

If the funds eventually are merged, Networking & Infrastructure and Paper & Forest Products would close permanently and their assets would be rolled into Communications Equipment and Materials. Shareholders of Communications Equipment or Materials would see no effect from the merger; that is, they would still own the same number of shares at the same NAV. Shareholders of Networking & Infrastructure or Paper & Forest Products, on the other hand, would get replacement shares of Communications Equipment or Materials that are equivalent in value to their original Networking & Infrastructure or Paper & Forest Products shares.

Posted 4/4/09 4:35pm ET in Fidelity Investments | Permalink | Comments (0)