Large Price Drop of the Fidelity Select Industrial Equipment Fund is Due to Capital Gains Distribution

The Fidelity Select Industrial Equipment Fund experienced a large drop of its net asset value (NAV) on Tuesday. The explanation is that yesterday was the ex-dividend date for this fund and the $5.542 per share dividend was paid out:

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More information is available at the Fidelity.com website (https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/316390533):

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View fund ratings at FidelitySectorReport.com.

 

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Capital Gains Distributions for Fidelity Funds are Available

Several Fidelity funds experienced large drops of their net asset values (NAVs) on Friday. The explanation is that Friday was the ex-dividend date for many Fidelity funds. The pay date for the funds is Monday, April 13. For investors who chose to reinvest the distributions automatically, the value of their holdings will be adjusted on Monday. For investors who chose not to reinvest, their investment account will be credited by the distribution amounts.

The full list of funds receiving dividends and capital gains distributions is available here:

https://www.fidelity.com/mutual-funds/prices-documents/distributions

Here are a few examples of Fidelity funds with large capital gains distributions:

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Large Price Drop of Multiple Fidelity Funds is due to Capital Gains Distribution

The Fidelity Magellan Fund (FMAGX) and several other Fidelity sector and international funds experienced large percentage drops of their Net Asset Value (NAV) at the end of the Friday trading session due to the distribution of capital gains. Investors will receive the distributions on the “pay date”, which is Monday, December 8. For more details click here.

Here are a few examples of Fidelity funds with large price drops:

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Large Price Drop of Multiple Fidelity Funds is due to Capital Gains Distribution

Investors may have been alarmed by the large price drops of several Fidelity funds at the end of the Friday trading session. The drop in the net asset value (NAV) of these funds was largely due to the distribution of capital gains, which happens periodically. For more details click here.

Here are a few examples of Fidelity funds with large price drops:

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Buy and sell signals for Fidelity funds are available at FidelitySignal.com

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Why Did the Fidelity Select Computers Fund Drop 7.71% Today?

The Fidelity Select Computers Fund (FDCPX, last change: -7.71%) will pay both a long-term capital gains distribution and a small dividend on Monday, according to the Fidelity customer service. The more than 7% capital distribution is the first since 2000. The details will be available on the Fidelity website shortly.