I was first attracted to this fund, FSRPX, when I was creating a list of mutual funds with consistently high risk adjusted returns. It's management captures 148% of the upside (of the Consumer Cyclical Index) while suffering only 91% of the Index's downside losses in down markets.
It continues to deliver those results long term. Its 5, 10, and 15 trailing returns has placed this fund in the top 1% of Consumer Cyclical funds. It is a concentrated fund in which just 10 companies account for 66% of the fund's assets.
FSRPX - M* Profile:https://morningstar.com/funds/xnas/fsrpx/quote
Forbes Article - The Tale of Retail