Explore the Fidelity Silver Mutual Fund

  • The Fidelity Silver Fund (FSASX) seeks long-term growth of capital.
  • The fund invests primarily in silver futures contracts and cash.
  • The fund may invest in other precious metals, including platinum and palladium.

Fidelity Investments, Inc. (FMA), through its subsidiaries, provides investment management and advisory services to retail and institutional clients. The company's investment services cater to individual and institutional investors, ranging from the retail investor to institutions and financial advisors.
Fidelity's mutual funds offer a wide range of investment options, including money market funds, mutual funds, ETFs, index funds, and closed-end funds.
Fidelity Silver Fund (FSASX) invests primarily in silver futures contracts and cash. The fund may invest in other precious metals, including platinum and palladium.
The fund's current manager is David Tapscott, a managing director at Fidelity Investments. Tapscott joined the company in 2009 as a director in Fidelity's asset allocation group. He is responsible for monitoring global capital markets and issuing research.
The Fidelity Silver Fund has a dividend yield of 0.4% and an expense ratio of 1.17% as of October 2022. The fund has a Zacks Mutual Fund Rank #3 and a Risk grade of 2.



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Fund Details

Fund Name: Fidelity Select Silver

Ticker: FSLV

30-Day SEC Yield: 0.84%

Expense Ratio: 1.35%

Minimum Investment: $2,500

Maximum Investment: $20,000

Inception Date: July 1, 2012

The Fidelity Select Silver Fund offers investors a low-cost way to gain exposure to silver, which is an important metal used in everything from jewelry to electronics. The fund invests at least 80% of its net assets in silver futures contracts, options on futures contracts, and cash-settled futures contracts. The fund's high concentration and low turnover make it a suitable investment for those who prefer simplicity.

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Performance

Fidelity Advisor Silver Fund has been in existence since 1995. The fund's goal is to provide capital appreciation by investing in silver. The fund has returned an annualized return of 9.26% over the past 10 years. The fund's expense ratio is 1.25%.
Management
Fidelity Advisor Silver Fund is managed by a team at Fidelity that includes Mark Kiesel. Kiesel won the Morningstar Fund Manager of the Year award in 2018.
Portfolio Composition
The fund's portfolio consists of silver bullion and cash.
Top Holdings
The top holdings of the fund include the following:
1. Silver Bullion: 10.00%
2. Barrick Gold Corp.: 9.44%
3. The North American Palladium Ltd.: 9.00%
4. Coeur d'Alene Mines Ltd.: 8.20%
5. Canadian Silver Coin Co.: 7.97%
6. Pan American Silver Corp.: 7.68%