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Morningstar

Fidelity® Envir and Alt Engy Fund FSLEX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 29.77  /  0.37 %
  • Total Assets 506.6 Mil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Industrials
  • Investment Style Large Growth
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 0.59%
  • Turnover 34%

USD | NAV as of Sep 25, 2023 | 1-Day Return as of Sep 25, 2023, 10:12 PM GMT+0

Morningstar’s Analysis FSLEX

Will FSLEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSLEX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FSLEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FSLEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Fidelity ® Envir and Alt Engy Fund to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSLEX

More FSLEX Holdings
  • Current Portfolio Date
  • Equity Holdings 53
  • Bond Holdings 0
  • Other Holdings 3
  • % Assets in Top 10 Holdings 57.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

12.73
66,737,226
Technology

Linde PLC

7.84
41,133,644
Basic Materials

Tesla Inc

7.39
38,747,933
Consumer Cyclical

Danaher Corp

6.99
36,680,179
Healthcare

International Business Machines Corp

5.12
26,841,991
Technology

Eaton Corp PLC

4.48
23,494,768
Industrials

Prologis Inc

4.30
22,557,295
Real Estate

Analog Devices Inc

3.12
16,369,441
Technology

Republic Services Inc

2.83
14,866,202
Industrials

Trane Technologies PLC Class A

2.61
13,661,640
Industrials