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FSENX Fidelity® Select Energy

  • Fund
  • FSENX
  • Price as of: Dec 02, 2016
  • $47.45
  • + $0.09
  • + 0.19%
  • Category
  • Energy Equities

FSENX - Profile

Vitals

  • YTD Return 34.9%
  • 3 Yr Annualized Return -6.3%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $2.38 B
  • Holdings in Top 10 44.0%

52 WEEK LOW AND HIGH

$47.45
$29.63
$47.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 79.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Energy Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Equity Energy

Distributions

  • YTD Total Return 35.3%
  • 3 Yr Annualized Total Return -6.3%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Select Energy Portfolio
  • Fund Family Name Fidelity Investments
  • Inception Date Jul 14, 1981
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager John Dowd

Fund Description

The Fidelity Select Energy Portfolio (FSENX) is a low-cost, actively managed fund that seeks capital appreciation by betting on the global energy sector. FSENX holds global equities, including refiners, E&P firms and oil services firms as well as new sources of energy, such as nuclear and geothermal power. There is no restriction on market capitalization size. The fund’s managers use various fundamental metrics to build out FSENX’s portfolio.

Given its narrow focus on energy and low costs, FSENX makes a great satellite position for those wanting to strategically bet on the energy sector. The fund is internally managed by Fidelity.

FSENX - Performance

Return Ranking - Trailing

Period FSENX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 34.9% -16.8% 59.7% 23.26% 2
1 Yr 5.2% -16.9% 12.3% 13.95% 1
3 Yr -6.3% * -32.6% 4.6% 15.00% 1
5 Yr 0.7% * -12.9% 9.9% 11.94% 1
10 Yr 2.4% * -12.0% 5.4% 26.79% 2

* Annualized


Return Ranking - Calendar

Period FSENX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -21.5% -61.4% 0.0% 22.09% 2
2014 -20.1% -45.9% 0.0% 51.90% 3
2013 10.4% -3.0% 93.7% 94.37% 5
2012 3.0% -23.6% 13.1% 20.00% 1
2011 -5.6% -43.5% 5.0% 9.38% 1

Total Return Ranking - Trailing

Period FSENX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 35.3% -16.8% 59.7% 23.53% 2
1 Yr 5.2% -20.8% 12.3% 10.59% 1
3 Yr -6.3% * -33.4% 4.6% 12.66% 1
5 Yr 0.7% * -13.2% 9.9% 10.45% 1
10 Yr 2.4% * -12.0% 4.9% 25.00% 2

* Annualized


Total Return Ranking - Calendar

Period FSENX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -20.8% -60.1% -2.7% 18.82% 1
2014 -13.0% -43.7% 2.4% 43.59% 3
2013 31.4% 7.0% 93.7% 18.57% 1
2012 6.3% -23.6% 18.9% 10.94% 1
2011 -6.5% -43.0% 5.7% 26.98% 2

NAV & Total Return History

FSENX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FSENX Category Low Category High FSENX % Rank Quintile
Net Assets 2.38 B 5.3 M 10 B 3.49% 1
Number of Holdings 85 25 157 8.14% 1
Net Assets in Top 10 1.11 B 2.9 M 4.06 B 3.49% 1
Weighting of Top 10 44.0% 10.3% 66.8% 20.93% 3

Top 10 Holdings

  1. Schlumberger Ltd 5.58%
  2. EOG Resources Inc 5.88%
  3. Baker Hughes Inc 4.65%
  4. Anadarko Petroleum Corp 4.44%
  5. Newfield Exploration Co 3.22%
  6. Chevron Corp 3.87%
  7. Exxon Mobil Corp 5.26%
  8. Pioneer Natural Resources Co 4.49%
  9. Cimarex Energy Co 3.32%
  10. Rice Energy Inc 3.26%

Asset Allocation

Weighting Category Low Category High FSENX % Rank Quintile
Stocks
96.40% 84.89% 100.10% 23.26% 4
Other
1.92% -0.85% 10.15% 4.65% 1
Cash
1.69% -10.11% 4.76% 12.79% 2
Convertible Bonds
0.00% 0.00% 0.68% 2.33% 4
Preferred Stocks
0.00% 0.00% 3.09% 3.49% 4
Bonds
0.00% 0.00% 12.11% 8.14% 5

Stock Sector Breakdown

Weighting Category Low Category High FSENX % Rank Quintile
Energy
92.99% 0.00% 99.28% 12.79% 2
Utilities
1.75% 0.00% 33.79% 15.12% 2
Basic Materials
1.01% 0.00% 11.57% 20.93% 4
Industrials
0.40% 0.00% 50.70% 18.60% 3
Technology
0.15% 0.00% 49.30% 10.47% 1
Real Estate
0.00% 0.00% 0.75% 3.49% 4
Healthcare
0.00% 0.00% 1.39% 3.49% 4
Communication Services
0.00% 0.00% 0.00% 1.16% 4
Consumer Defense
0.00% 0.00% 4.85% 4.65% 4
Consumer Cyclical
0.00% 0.00% 13.27% 8.14% 4
Financial Services
0.00% 0.00% 0.00% 1.16% 4

Stock Geographic Breakdown

Weighting Category Low Category High FSENX % Rank Quintile
US
91.69% 23.61% 99.10% 12.79% 2
Non US
4.71% 0.00% 76.21% 23.26% 4

FSENX - Expenses

Operational Fees

FSENX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.80% 0.10% 4.14% 75.58% 1
Management Fee 0.55% 0.08% 1.53% 13.95% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

FSENX Fees (% of AUM) Category Low Category High FSENX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FSENX Fees (% of AUM) Category Low Category High FSENX Rank Quintile
Max Redemption Fee 0.75% 0.75% 2.00% 12.00% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSENX Fees (% of AUM) Category Low Category High FSENX Rank Quintile
Turnover 79.00% 5.00% 1241.00% 11.63% 3

FSENX - Distributions

Dividend Yield Analysis

FSENX Category Low Category High FSENX % Rank Quintile
Dividend Yield 0.2% 0.00% 2.21% 19.15% 2

Dividend Distribution Analysis

FSENX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FSENX Category Low Category High FSENX % Rank Quintile
Net Income Ratio 1.03% -1.88% 2.86% 24.42% 2

Capital Gain Distribution Analysis

FSENX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

FSENX - Managers

John Dowd

Manager

Start Date

Jul 31, 2006

Tenure

10.26

Tenure Rank

3.8%

John Dowd is co-manager of the fund, which he has managed since November 2009, and is manager of Fidelity Energy Central Fund. He also manages other Fidelity funds. Since joining Fidelity Investments in 2005, Mr. Dowd has served as an equity research analyst and portfolio manager. Previously, he was a senior research analyst for Sanford C. Bernstein & Co. from 2000 to 2005.


Tenure Analysis

Category Low

0.0

Category High

18.9

Category Average

4.5

Category Mode

4.8