Select Communication Services Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Select Communication Services Portfolio held 50 positions with $2.85B in net assets. Its ten largest holdings made up 74.4% of the fund. The FBMPX share class costs 0.64% a year. Over the 12 months to May 2026, FBMPX returned 44.4%, with dividends reinvested. In 2026 Q2 it added 11 new positions and exited 7.
Communication Services Portfolio seeks capital appreciation.
The fund invests at least 80% of assets in common stocks of companies principally engaged in communication services, including interactive media, entertainment and publishing, telecommunications, and wireless providers, selected through fundamental analysis of financial condition and industry position. The fund may invest in both domestic and foreign issuers and may use derivatives to gain exposure to these investments.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLALPHABET INC | 27.41% | $780.57M | 2.1M | $380.34 |
23.52% | $669.81M | 1.1M | $632.51 | |
Fidelity Revere Street Trust | 4.75% | $135.28M | — | — |
3.40% | $96.93M | 432.4K | $224.16 | |
AMZNAMAZON.COM INC | 2.98% | $84.76M | 313.2K | $270.64 |
RBLXROBLOX CORP | 2.89% | $82.31M | 1.7M | $47.15 |
2.54% | $72.33M | 1.5M | $47.81 | |
2.31% | $65.80M | 646.2K | $101.83 | |
NFLXNETFLIX INC | 2.30% | $65.56M | 762.1K | $86.02 |
2.25% | $64.08M | 380.5K | $168.41 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 50 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 100.05% |
| Cash & short-term | 4.75% |
By sector
- Communication Services
- 81.1%
- International
- 6.2%
- Cash
- 4.5%
- Consumer Discretionary
- 3.5%
- 2 other sectors
- 4.7%
- Communication Services
- 81.1%
- International
- 6.2%
- Cash
- 4.5%
- Consumer Discretionary
- 3.5%
- Other
- 2.6%
- Information Technology
- 2.1%
How it has done
FBMPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 21.20%. Past returns are a record, not a forecast.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.64% | +44.41% | +143.29% | +90.20% | -13.22% | |
| 0.69% | +44.34% | +143.11% | +90.23% | -13.24% | |
| 0.57% | +44.52% | +144.07% | +91.53% | -13.20% | |
| 0.94% | +43.98% | +141.16% | +87.57% | -13.29% | |
| 1.19% | +43.61% | +139.38% | +85.26% | -13.34% | |
| 1.69% | +42.89% | +137.47% | +82.97% | -13.46% |
These classes hold the same portfolio, so the 8.56pp spread over 5 years is the cost difference between them — roughly 1.71pp a year — not a difference in what they own.
Fees & fund details
Select Communication Services Portfolio is an actively managed U.S. equity fund. 15% of FBMPX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 91% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.57% – 1.69%· FBMPX 0.64%
- Portfolio turnover
- 147.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
11 new· the largest 8
7 exited
Understand how this fund fits with the rest.
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