FSELX Performance — Select Semiconductors Portfolio
Data updated: 2026-07-24
FSELX returned +70.36% year to date and +155.09% over one year to May 2026. Annualised returns are +59.69% over 3 years and +41.17% over 5 years. The fund beat its Technology Equity category average: $100 invested three years ago grew to $407, against $237 for the category, and to $255 over one year, against $158. Volatility over the past three years was 33.13% a year. In the 12 months to May 2026 the fund took in a net $6.9B, and assets reached $51.35B.
FSELX Growth of $100
What $100 invested in Select Semiconductors Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Technology Equity category average over the same months.
| Period | FSELX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $255 | $158 |
| 3 years (Jun 2023 – May 2026) | $407 | $237 |
| 5 years (Jun 2021 – May 2026) | $561 | $212 |
| Since data start (Sep 2019 – May 2026) | $1165 | $376 |
FSELX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +70.36% |
| 1 year | +155.09% |
| 3 years (annualised) | +59.69% |
| 5 years (annualised) | +41.17% |
FSELX Annual Returns
Calendar-year total returns of Select Semiconductors Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +70.36% |
| 2025 | +42.91% |
| 2024 | +43.53% |
| 2023 | +78.03% |
| 2022 | −35.19% |
| 2021 | +59.20% |
| 2020 | +44.00% |
| 2019 (Sep–Dec) | +26.06% |
FSELX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.5% | −0.7% | −3.3% | +36.0% | +16.9% | — | — | — | — | — | — | — |
| 2025 | −2.1% | −4.4% | −12.3% | −0.2% | +16.4% | +16.9% | +5.4% | +0.2% | +13.1% | +10.1% | −4.0% | +1.5% |
| 2024 | +5.2% | +14.9% | +5.2% | −3.0% | +11.2% | +6.1% | −5.2% | −0.1% | +0.4% | −0.2% | +2.4% | +1.5% |
| 2023 | +19.3% | +6.5% | +9.3% | −8.5% | +20.3% | +8.7% | +5.5% | −3.6% | −7.4% | −10.7% | +15.2% | +10.7% |
| 2022 | −14.1% | −1.3% | +3.7% | −18.1% | +6.2% | −18.7% | +20.8% | −9.0% | −13.4% | +3.0% | +20.2% | −11.7% |
| 2021 | +2.1% | +6.2% | +1.4% | +0.3% | +3.8% | +7.7% | −0.6% | +5.3% | −4.4% | +9.7% | +15.7% | +1.7% |
| 2020 | −2.2% | −6.3% | −12.8% | +14.6% | +6.8% | +6.9% | +3.2% | +7.2% | +1.0% | +0.4% | +17.8% | +4.3% |
| 2019 | — | — | — | — | — | — | — | — | +4.5% | +6.4% | +5.7% | +7.2% |
FSELX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 33.13%
- 3-year Sharpe ratio: 1.67 (vs 4.5% risk-free rate)
- Best month: +36.00% (Apr 2026)
- Worst month: −12.28% (Mar 2025)
FSELX Fund Flows
Monthly money in and out of Select Semiconductors Portfolio, from SEC Form N-PORT.
- 12-month net flow: $6.9B
- 12-month gross sales (incl. reinvestments): $13.3B
- Sales ÷ redemptions: 2.09×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.8B | $928.0M | $894.1M |
| Apr 2026 | $4.1B | $724.1M | $3.4B |
| Mar 2026 | $522.1M | $670.2M | −$148.1M |
| Feb 2026 | $831.1M | $452.3M | $378.8M |
| Jan 2026 | $1.1B | $561.4M | $500.8M |
| Dec 2025 | $1.8B | $465.1M | $1.4B |
| Nov 2025 | $570.2M | $540.4M | $29.9M |
| Oct 2025 | $814.4M | $472.7M | $341.7M |
| Sep 2025 | $510.3M | $387.7M | $122.6M |
| Aug 2025 | $464.9M | $379.9M | $85.0M |
| Jul 2025 | $495.7M | $378.5M | $117.2M |
| Jun 2025 | $286.2M | $395.8M | −$109.6M |
FSELX Assets Under Management
Net assets of Select Semiconductors Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $51.35B |
| 2026-02-28 | $32.68B |
| 2025-11-30 | $28.19B |
| 2025-08-31 | $23.18B |
| 2025-05-31 | $18.72B |
| 2025-02-28 | $19.26B |
| 2024-11-30 | $20.33B |
| 2024-08-31 | $19.72B |
| 2024-05-31 | $19.04B |
| 2024-02-29 | $16.47B |
| 2023-11-30 | $10.87B |
| 2023-08-31 | $11.47B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.