Select Semiconductors Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Select Semiconductors Portfolio held 70 positions with $51.35B in net assets. Its ten largest holdings made up 76.5% of the fund. The FSELX share class costs 0.6% a year. Over the 12 months to May 2026, FSELX returned 155.1%, with dividends reinvested. In 2026 Q2 it added 9 new positions and exited 2.
Semiconductors Portfolio seeks capital appreciation.
The fund invests at least 80% of assets in common stocks of companies principally engaged in designing, manufacturing, or selling semiconductors and semiconductor equipment, selected through fundamental analysis of financial condition, industry position, and market conditions. Because security selection depends on the manager's analysis rather than a fixed rule, fund holdings and performance may diverge from the semiconductor industry overall.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 22.12% | $11.36B | 53.8M | $211.14 |
AVGOBROADCOM INC | 12.99% | $6.67B | 14.9M | $446.77 |
7.44% | $3.82B | 18.6M | $205.00 | |
NXP SEMICONDUCTORS NV | 5.81% | $2.98B | 9.3M | $321.35 |
5.22% | $2.68B | 22.2M | $120.62 | |
5.19% | $2.66B | 1.7M | $1,566.21 | |
ALABASTERA LABS INC | 5.11% | $2.62B | 7.6M | $342.85 |
GLOBALFOUNDRIES INC | 4.71% | $2.42B | 30.3M | $79.97 |
ASML HOLDING NV | 4.60% | $2.36B | 1.5M | $1,612.76 |
3.28% | $1.69B | 5.3M | $318.18 |
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 70 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 | 97.61% |
| Cash & short-term | 2.79% |
| Bonds | 0.01% |
By sector
- Information Technology
- 81.7%
- International
- 14.7%
- Cash
- 2.8%
- Other
- 0.8%
How it has done
FSELX share class · total returns with dividends reinvested
Volatility over the last 12 months: 39.59%. Past returns are a record, not a forecast.
Fees & fund details
Select Semiconductors Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.60%· FSELX 0.60%
- Portfolio turnover
- 87.00% 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.
9 new· the largest 8
2 exited· the largest 1
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FSELX, QQQ and the fund in my 401(k)?”
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- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”