Fidelity Select Energy and Fidelity Advisor Energy’s team and approach have had fairly recent changes and need time to solidify. The strategy maintains its Morningstar Analyst Rating of Neutral across all share classes.
Morningstar’s Fund Analysis FNRCX
Will FNRCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FNRCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FNRCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FNRCX’s parent organization’s priorities and whether they’re in line with investors’ interests.