Fidelity Select Construction & Housing Portfolio (FSHOX) Fund Overview

Fidelity Select Construction & Housing Portfolio (FSHOX) Financial Services Profile

Fidelity Select Construction & Housing Portfolio (FSHOX) is a non-diversified fund focusing on companies within the construction and housing sectors, employing fundamental analysis to identify investment opportunities in both domestic and international markets. With a beta of 1.59, it exhibits higher volatility compared to the broader market, targeting growth within its specialized segment.

What Is the Investment Thesis for FSHOX?

Fidelity Select Construction & Housing Portfolio (FSHOX) presents an investment opportunity for those seeking exposure to the construction and housing sectors. The fund's focus on fundamental analysis and its ability to invest in both domestic and foreign companies provides a broad scope for identifying value. Key to the fund's performance is the continued growth in construction spending, driven by infrastructure projects and housing demand. However, the fund's non-diversified nature and a beta of 1.59 indicate higher volatility compared to the broader market. Potential risks include sensitivity to economic cycles, interest rate fluctuations, and regulatory changes impacting the construction and housing industries. The fund's success depends on the manager's ability to select companies that can outperform their peers in a competitive and cyclical market. Investors may want to evaluate their risk tolerance and investment horizon before investing in FSHOX.

Based on FMP financials and quantitative analysis

FSHOX Key Highlights

The fund focuses on companies involved in the design, construction, and supply of residential, commercial, industrial, and public works facilities.

• FSHOX invests in both domestic and foreign issuers, providing exposure to global construction and housing markets.
• The fund employs fundamental analysis, considering financial condition, industry position, and market conditions to select investments.
• The fund is non-diversified, which can lead to higher potential returns but also greater risk.
• As of 2026, the fund manages approximately $0.75 billion in assets.

Who Are FSHOX's Competitors?

FSHOX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are FSHOX's Key Strengths?

Specialized focus on construction and housing sectors.

• Experienced management team with expertise in fundamental analysis.
• Access to Fidelity's extensive research resources.
• Established track record within the sector.

What Are FSHOX's Weaknesses?

Non-diversified nature increases risk.

• High beta indicates greater volatility compared to the market.
• Sensitivity to economic cycles and interest rate fluctuations.
• Lack of dividend payments may deter some investors.

What Are the Key Risks for FSHOX?

Economic slowdown impacting construction and housing demand.

• Rising interest rates increasing borrowing costs for construction projects and homebuyers.
• Regulatory changes affecting building codes and environmental standards.
• Competition from other sector-specific funds and investment strategies.
• Supply chain disruptions impacting the availability and cost of construction materials.

What Are FSHOX's Competitive Advantages?

• Established Brand: Fidelity Investments has a strong brand reputation and a long track record in the asset management industry.
• Sector Expertise: The fund's focus on the construction and housing sectors allows for specialized knowledge and investment selection.
• Scale: Fidelity's large asset base provides economies of scale in research and trading.

What Does FSHOX Do?

Fidelity Select Construction & Housing Portfolio (FSHOX) is a specialized, non-diversified fund managed by Fidelity Investments. It concentrates its investments in companies that are principally engaged in the design, construction, and supply of residential, commercial, industrial, and public works facilities. This includes businesses involved in the manufacture, supply, distribution, or sale of construction and housing-related products and services. The fund invests both in domestic and foreign issuers, seeking to capitalize on opportunities within the global construction and housing markets. The fund's investment strategy revolves around fundamental analysis, where the fund managers assess various factors, including the financial condition of individual issuers, their position within the industry, and broader market and economic conditions. This approach aims to identify companies with strong growth potential and sustainable competitive advantages. The fund primarily invests in common stocks, reflecting a focus on long-term capital appreciation. FSHOX's non-diversified nature means that it can allocate a significant portion of its assets to a smaller number of holdings compared to a diversified fund. While this strategy can potentially lead to higher returns if the selected investments perform well, it also exposes the fund to greater risk if those investments underperform. As of 2026, the fund manages approximately $0.75 billion in assets, reflecting its established presence within the sector-specific investment landscape.

What Products and Services Does FSHOX Offer?

• Invests in companies involved in the design and construction of residential facilities.
• Invests in companies involved in the design and construction of commercial facilities.
• Invests in companies involved in the design and construction of industrial facilities.
• Invests in companies involved in the design and construction of public works facilities.
• Invests in companies that manufacture construction products.
• Invests in companies that supply construction products.
• Invests in companies that distribute construction products.
• Invests in companies that sell construction products and services.

How Does FSHOX Make Money?

• The fund generates revenue through capital appreciation of its investments in construction and housing companies.
• The fund collects management fees based on a percentage of the assets under management (AUM).
• The fund may also generate income from dividends paid by the companies it invests in, although the fund itself does not distribute dividends.

What Industry Does FSHOX Operate In?

The asset management industry is characterized by intense competition, with firms vying for investor capital through diverse investment strategies and product offerings. Funds like Fidelity Select Construction & Housing Portfolio (FSHOX) differentiate themselves by focusing on specific sectors, such as construction and housing. The performance of these sector-specific funds is closely tied to the underlying industry's dynamics, including economic cycles, regulatory changes, and technological advancements. The construction and housing sectors are influenced by factors such as interest rates, government spending on infrastructure, and demographic trends driving housing demand. The fund competes with other sector-specific and diversified funds, requiring strong stock selection and risk management to deliver competitive returns.

Who Are FSHOX's Key Customers?

• Individual investors seeking exposure to the construction and housing sectors.
• Institutional investors looking for specialized investment strategies.
• Retirement savers seeking long-term capital appreciation.

FSHOX Financials

FSHOX Latest News

No recent news available for FSHOX.

FSHOX Analyst Consensus

FSHOX MoonshotScore

Common Questions About FSHOX (Financials)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources