Delivery" fund, not Healthcare. It had a $3.27 total reinvested
capital gains distribution on April 8th and 9th. YTD it is down 9 1/2%
with the distribution factored, but you are right, the distributions
on April 8th and 9th are easily seen in the charts as a gut wrenching
drop on most charts, even on Yahoo. Then it continued to drop after
that. Its top holding, UNH, hasn't fared too well lately, even with
Cramer's pumps.
FSPHX is the Fidelity Select Healthcare fund which you mentioned had a
$12.33 capital gain distribution. As I stated earlier, it is a broader
scoped fund than the two funds Investor0329 is concerned with. YTD it
is down only 2.1% total. It is heavier into the pharmas which have
fared better than the medical providers.
Here's the Fidelity lowdowns on each:
FSHCX "Medical Delivery" :
http://personal.fidelity.com/products/funds/mfl_frame.shtml?316390665.html
FBIOX "Biotechnology" :
http://personal.fidelity.com/products/funds/mfl_frame.shtml?316390772.html
FSPHX "Healthcare" :
http://personal.fidelity.com/products/funds/mfl_frame.shtml?316390301.html
--- In [email protected], Harry M. Ward <[EMAIL PROTECTED]> wrote:
>
> On 10 May 2006 15:16:21 -0000, "investor0329" [EMAIL PROTECTED] wrote:
>
>
> >>I bought these mutual funds not that long ago and they are doing
> >>horrible! They have tanked like falling knives. I do not see mutual
> >>funds do this often.
> >>
> >>Can anyone supply any explanation for this?
>
> Health Care is easy. They declared a $12.33 dividend on 4/7. QP's data
> supplier did NOT pick up the $10.98 long term capital gain portion. Do
> you have the Mutual Fund Editor which QP released back in January? If
> not, you should get it. This allows you to manually correct for any
> distributions which the QP data supplier missed.
>
> The data supplier also missed some reasonably large distributions by
> Select Defense, Financial Services, Energy Services, Gold, Leisure,
> and Multimedia. You can get a list of all Select distributions for
> April from the Fidelity website.
>
> Your April Fidelity statement should indicate your Health Care
> distributions. Biotechnology did not pay an April distribution. It has
> just fallen 10% since March 1.
>
> Harry
>
SPONSORED LINKS
| Investment management software | Real estate investment software | Investment property software |
| Real estate investment analysis software | Investment software | Investment analysis software |
YAHOO! GROUPS LINKS
- Visit your group "quotes-plus" on the web.
- To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
- Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
