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Old 15-09-2018, 08:36 PM   #660
BBCWatcher
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Join Date: Jun 2010
Posts: 7,469
FBGRX
This is a large cap, actively managed, expensive (0.7%/year) U.S. stock market fund. Fortunately it has performed quite well over the past several years, so if you’ve been holding it for a while, congratulations.

FOCPX
This is a NASDAQ-heavy, actively managed, expensive (0.81%/year) U.S. stock market fund. Same thing, with even higher performance over the past several years.

FSPHX
An actively managed, expensive (0.73%/year) fund that invests in healthcare sector stocks. Same thing: congratulations if you bought this a while ago and held onto it.

FSRPX
An actively managed, expensive (0.78%/year) fund that invests in U.S. retail sector stocks. Same thing again.

Basically you bet heavily on the U.S. stock market, and doubled down on some high flying sectors and companies within the U.S. stock market, and that all did well. High risk, high reward (in a bull market when a monkey throwing darts did pretty well). The fund manager (Fidelity) collected a pretty big share of your paper winnings, but since the U.S. stock market has been on such an amazing bull run, you should have done quite well, on paper so far.

The retail sector overall hasn’t been stellar, but it looks like the fund managers basically threw all in (just about) on Amazon and on dollar stores, and that mix worked. They notably didn’t bet much on Sears, J.C. Penney, Tandy (Radio Shack), and Toys R Us, as counter examples.
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