The input thus far is very much appreciated. Additional thoughts are welcomed. FTEC is an excellent choice, too; as we also invest in this etf. @Old_Joe , yes; Ted would state that QQQ is the one. @davidrmoran , yes, perhaps Ted would also suggest these. If there were a larger dollar amount available, I would also be tempted to suggest some of the money be split into FSMEX or IHI (an eft twin) for direct exposure to medical tech.
SPY and most related indexes that track the SP-500 are a blended U.S. equity position. I do not consider this a poor choice for many portfolios; but consider an investment in QQQ or similar to be a better fit for a young investor. SPY type funds do represent a much larger sample of U.S. equity; but one also finds sectors of this area that can be a drag on performance, too. Over the past several years, financials and energy have been brakes on performance. But, the recent inclusion of TESLA and other ongoing changes will continue to affect this mix.
SPY

Sectors	Fund %	Cat %
Basic Materials	2.42	2.61
Consumer Cyclical	12.66	11.17
Financial Services	13.90	13.42
Real Estate	2.29	2.47
Communication Services	10.26	10.21
Energy	2.60	1.90
Industrials	8.83	10.11
Technology	23.82	22.81
Consumer Defensive	6.78	7.99
Healthcare	13.77	14.76
Utilities	2.67	2.54

QQQ
With this is a much smaller sampling of U.S. equity (100 companies), but oriented to growth; but using market capitalization size to establish the holdings and percent. The prospectus indicates that the holdings percentage may be and are adjusted throughout any given time period.

Information Technology	47.90%
Consumer Discretionary	19.29%
Communication Services	18.22%
Health Care	6.39%
Consumer Staples	5.15%
Industrials	1.88%
Utilities	0.96%

Industry exposure:

Software	15.27%
Semiconductors & Semiconductor Equipment	13.96%
Technology Hardware, Storage & Peripherals	12.37%
Internet & Direct Marketing Retail	11.95%
Interactive Media & Services	10.35%
IT Services	4.59%
Automobiles	4.43%
Biotechnology	3.98%
Media	3.39%
Entertainment	3.11%

All I can say is that the holdings came up fine for me with relatively recent versions of Firefox, Chrome, Edge, and IE, though pulling up the holdings failed on an older browser. I wasn't even logged in to M* with those newer browsers and I went to a fund that I'd never researched before (so it couldn't have been cached).
You could always go to the old "holdings" page - that is the same functionality, plus (it displays the top 25). That works on my old browser.
http://portfolios.morningstar.com/fund/holdings?t=FSMEX

Too bad that link isn't their default view anymore.
It's a good idea to update browsers anyway since Flash is dead. And I don't mean The Scarlet Speedster.
But there does seem to be a trend that M* is just less friendly to regular investors that paid the bill when they were growing up. Maybe they think the real money going forward is in selling their index products.
BTW. FSMEX has been great for me. I am not buying anymore at it's current valuations. I might add it, or a similar ETF to my wife's IRA in days to come. It's pretty much medical care as a utility.

All I can say is that the holdings came up fine for me with relatively recent versions of Firefox, Chrome, Edge, and IE, though pulling up the holdings failed on an older browser. I wasn't even logged in to M* with those newer browsers and I went to a fund that I'd never researched before (so it couldn't have been cached).
You could always go to the old "holdings" page - that is the same functionality, plus (it displays the top 25). That works on my old browser.
http://portfolios.morningstar.com/fund/holdings?t=FSMEX

This is a "right now" link I used for portfolio holdings for FSMEX.
What do you all see with the link?
I'm using Chrome version 87.0.4280.88.

@WABAC
My 11am link for FSMEX is a non-member at M*. We've never had an account.
I've not had any problem with any of this holding data.

Hi Randy,
Still in the same location at M*.
This is the generic quote page at M*, selected for FSMEX.
Select the "portfolio" tab, then scroll down for the last set of data; for "Holdings".
Take care,
Catch

USNQX
NASDX
Fidelity Select Funds, for example FSMEX = Medical Device Equipment.
PRGTX
MATFX
etfs:
VGT
BOTZ

10/30/20
Fund Price Shrs Total
IRA
FBSOX $80.35 1490.922 $119,795.56
FSCSX $23.68 6911.407 $163,662.12
FSMEX $70.07 894.361 $62,667.84
FSRPX $20.51 2626.641 $53,872.40
FSPTX $25.95 7730.426 $200,604.55
FSPHX $31.05 1788.444 $55,531.20
FOCPX $15.08 9010.463 $135,877.78
Taxable
FNCMX $137.78 1664.039 $229,271.33
FBGRX $139.35 1368.101 $190,644.87
cash 0 0 $0.00
Total ----- ----- $1,211,927.65
YTD 21.19%
MTD -3.37%
Copying my spreadsheet as with M* and ACI this took about 4% of editing as on M* where ACI took about 5% of M* time.
Rich

@BenWP - First I bought/buy nearly all my CEF positions at large discounts to NAV usually after major market swoons. I don't tend to trade them and I'm primarily interested in the distributions they throw off. I hold only one healthcare equity position (ABBV) because I'm not smart enough to pick individual holdings across the sector.
Why BME - strong parent company with a solid, steady performance history of roughly 12% - 9.5% - 15% (3 - 5 - 10 yr avg).
Why THQ - while the major holdings are fairly similar to BME the fund can and does look worldwide. It also is selling at a large discount and when I can buy assets at 12% off I'll do it. Tekla handles healthcare quite well.
Granted I might have done better buying something like FSMEX but tax handcuffs would pinch more than I care to deal with at the moment. I used to hold HQL but at the time many of their positions were similar to holdings in POAGX. I opted to keep the latter.

Yes, FSMEX opened again on April 1, 2020
1 Yr 3 Yrs 5 Yrs 10 Yrs Life
26.36% 21.42% 18.37% 19.91% 15.23%

Thanks for that. I'll keep an eye on it.

@Sven Interestingly, VWELX/VGWLX now own lots of stocks in blend category. I wanted VGWLX as my largest holding in the tax deferred space is a growth-oriented target date fund.
@WABAC like @rforno, I used to own GLFOX and FSMEX in Roth. One thing I find it hard is if I should change/transition my portfolio from accumulation to income. I'll revisit them.
@rforno Can't get in PRWCX. Sold it when Giroux took over. Should have stayed put. I've been watching VLAIX and find it a reasonable choice. VLAIX managers do adjust equity allocation, now at 55%, more than other allocation funds.
@Mark Mr. Heugh has been a good surprise. I went with MIOPX over VWIGX.

Yes, FSMEX opened again on April 1, 2020
1 Yr 3 Yrs 5 Yrs 10 Yrs Life
26.36% 21.42% 18.37% 19.91% 15.23%

@WABAC - I believe that FSMEX is currently open. I just checked and it is.

@WABAC I used to slice and dice (or collect) funds am comfortable dealing with complexity. That said, my spouse has no interest managing portfolio and I'm leaning towards holding a core or two and building around it with a few specialties.
@Irwilliams VTMFX would be a good core if available at Fidelity. (TAIAX) American Funds Tax-Aware Conservative Growth and Income is okay, but trails VTMFX pretty much all periods.

Keep an eye out for FSMEX re-opening, and jump on it. If you've spent anytime around a hospital you'll know they run through a tremendous amount of stuff. Until then check out the other health care fund he runs for Fido.
I'ld get a good utility fund, a good consumer staple fund. Fido has all those flavors, although the turnover is a little high for my taste. I like GLFOX for my infrastructure fund. The expense ratio has been declining slowly but steadily. The turnover is a reasonable 33%. And the yield is often north of 6%. I should have bought a NASDAQ 100 fund for my taxable back in March while I was shopping.
I have a few other oddballs. It's really hard to beat the performance of indexes after taxes. But I break them down into small, medium, and large. I use BRILX as a surrogate "index" for large caps. It keeps the sectors and holdings relatively balanced.
Lots of fund collectors here. You'll probably get an earful.

GISYX has surprised the heck out of me. I mainly picked it because it's a midcap with a reasonable expense ratio and reasonable turnover.
Since I bought it on January 9, 2020 it has out-performed FSMEX, and everything else in my portfolio except USAGX.
I don't plan on buying new shares at the current level.

VWINX most recently experienced a (-18.5 %) draw down (from its recent high on 2/21/2020) and a DD recovery of a little less than 4 months time (Feb - June). I spent some time today reviewing and comparing VWINX to other funds I own.
On a YTD basis many of my funds have returned to positive territory.
Allocation funds that I own that are positive YTD - PRWCX, VGSTX, VWINX - each roughly 2% positive
Allocation fund that is still negative - BRUFX - down 2%
Some other fund in the red YTD:
FRIFX - down 11% (riskier than I imagined)
THOPX - down 7.3% (Poor performance for what I consider a cash like fund)
FMIJX - down 16.8% (has had some recent big up days) - Toe hold
VMVFX - down 10.4% (this has been a surprise to me...very volatile recently)
POAGX - down 0.5% (Always surprises)
VHCOX - down 3.2%
VWO / VEIEX - down 9.3% - Toe Hold
Some funds in the black YTD:
VGHCX - up 3.9%
PRHSX - up 5.6%
FSRPX - up 11.4% (retail choices in this fund are far from dead)
FSMEX - up 2.6% (medical device companies have been good past performers)
PRMTX - up 19.95% (its recent DD was similar to VWINX, but its 100% Media and Tech)
PRGSX - up 8.6% (showing strong momentum from the bottom)
PRNHX - up 16.9% (wish...need to own more)
PRIDX - up 1.8% - Toe Hold
Cash like Funds YTD:
VFISX - up 3.3%
PRWBX - up 2.5%
PTIAX - up 0.1%
I try to identify and understand the downside risk (beta) in my holdings and getting more practice than I wish for. It is probably a more important dynamic than upside potential (alpha). Downside risk either bruises, cuts, or maims your portfolio. I'm trying to minimize the cutting and the maiming.
Anything surprising you in your portfolio?

I don't know enough to fool with any of the default settings.
These were the standouts.
GLFOX hits 7.03% at the 10th percentile.
DODGX at 5.36. Which was better than VDIGX 2.51 or VEIRX 2.65. Shoot. DODIX is at 2.82
NBGNX at 5.26%
FDFAX at 5.48
FBIOX at 4.15. By this test perhaps I should have held onto VGHCX instead of selling it, and splitting it between FBIOX and FSMEX. But I wanted to get away from the providers in their portfolio.
PRBLX is at 5.26%. So I'll keep that on my watch list.
Thanks for the link Bee. I'm not sure what I learned though. My plan is to spend down the IRA completely anyway. I hope to leave the taxable to the kids.

Using Portfolio Visualizer's Monte Carlo Stimulation feature, I back tested some of the funds I hold in my portfolio. As defind by PV, the Perpetual withdrawal rate is the percentage of portfolio balance that can be withdrawn at the end of each year while retaining the inflation adjusted portfolio balance.
@MJG's link here - https://portfoliovisualizer.com/monte-carlo-simulation#analysisResults
At the website, I switch Portfolio Type to "ticker". I entered the tickers one at a time and made the portfolio weight 100%. This provide me with stand alone data for each fund that I hold. I may later combine funds and weight them to see if the combined funds provide better overall results.
As I enter the phase of life where I will be spending some of these assets (using the 4% rule), I wanted to see how these funds fared as stand alone (asset concentration) and in combination with one another (asset allocation). Stand alone funds that provided the highest perpetual withdrawal rate at the 10th percentile (worst market conditions) were healthcare funds - VGHCX, PRHSX, FSMEX. This sector has historically had great risk adjusted returns. The big question is will they continue to be great funds to own into the future. I think so. Others that provided good withdrawal rates were - PRMTX (Communication & Media Tech Sector) and FSRPX (Retail Sector). Asset allocation funds that I own that did well were PRWCX (70 stocks/30 bonds) and VWINX (40/60). In fact, VWINX had a higher perpetual withdrawal rate than its sister fund VWELX when looking at the 10th percentile (worst market conditions).
Owning funds that have historically provide the best perpetual withdrawal rate in the worst market conditions (10th percentile) seems like a worthy review. Edited: adding criteria like "worst years first" makes your results even more sobering. Let me know your thoughts and how your funds fared using this criteria.

Consider IHI as an alternative to FSMEX if an option for you. Similar performance YTD and better over 3 and 5 year periods (per Schwab data)

Not happy Fidelity reopened FSMEX. I’ve been invested in it for three+ years now and I thought the AUM was more than high enough.
The AUM is still over $5 billion. I presume they see great “value”in their space. I sure hope that’s the reason!