Fidelity Select Fundranker

Results

For monthly results of our three performance tracking portfolios, click on the links below.

Tracking Portfolio Methodology

We developed the Fidelity Select Fundranker system in early 2003 using data from December 29, 1995, forward. The system uses one-, three-, six-, and 12-month returns, so we ranked the Select funds as of December 31, 1996, for the first time, and started Fundranker’s hypothetical Top Eight Model Portfolio on Fundranker’s first exchange date, January 2, 1997, with $24,000 ($3,000 in each of the eight funds).

To track the performance of our hypothetical Top Eight Model Portfolio, on each Fundranker exchange date, we divide the total value of the eight funds from the previous month equally into the eight funds for the new month. Although this cannot be done in real life due to the exigencies of Fidelity exchanges, it does allow a pure measure of performance of an equally weighted portfolio of eight funds.

For comparison, we also track performance of the Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund) and the S&P 500 Index (as measured by Fidelity’s Fidelity 500 Index Fund - Investor Class, formerly Spartan 500 Index Fund - Investor Class) with hypothetical portfolios. We started the S&P 500 Index tracking portfolio with $24,000 on January 2, 1997, similarly to the Top Eight Model Portfolio. We started the Nasdaq Composite Index tracking portfolio on September 30, 2003, as that is the month that Fidelity’s Nasdaq Composite Index Fund began operations, with a value of $35,431.26, equal to the value of the S&P 500 tracking portfolio on September 30, 2003.

As of the close of trading on January 22, 2010, Fidelity Investments merged its Spartan 500 Index Fund - Investor Class (FSMKX) into its Spartan US Equity Fund (FUSEX). Beginning January 25, 2010, the newly merged fund retained the name Spartan 500 Index Fund - Investor Class but began using the FUSEX trading symbol. Because of this merger, as of January 22, 2010, we adjusted the number of shares we list for the S&P 500 theoretical portfolio from 582.597 (of FSMKX, NAV $75.29) to 1,135.190 (equivalent shares of FUSEX, NAV $38.64). On June 14, 2016, the Spartan 500 Index Fund - Investor Class was renamed Fidelity 500 Index Fund - Investor Class.

The tables above, through December, 2009, show performance of the Nasdaq Composite Index tracking portfolio as Nasdaq Composite Index Fund and symbol FNCMX and performance of the S&P 500 Index tracking portfolio as Spartan 500 Index Fund and symbol FSMKX.

Beginning January, 2010, the tables above still show performance of the Nasdaq Composite Index tracking portfolio as Nasdaq Composite Index Fund and symbol FNCMX but show performance of the S&P 500 Index tracking portfolio as Spartan 500 Index Fund - Investor Class and symbol FUSEX.

Beginning July, 2016, the tables above still show performance of the Nasdaq Composite Index tracking portfolio as Nasdaq Composite Index Fund and symbol FNCMX but show performance of the S&P 500 Index tracking portfolio as Fidelity 500 Index Fund - Investor Class and symbol FUSEX.

Note that our Top Eight Model Portfolio, our Nasdaq Composite Index tracking portfolio, and our S&P 500 Index tracking portfolio reflect total return; that is, they include dividends. Performance shown for our Nasdaq Composite Index and S&P 500 Index tracking portfolios will differ slightly from performance of the indexes themselves, which only reflect prices of their underlying stocks and do not account for dividends.