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FSENX Fidelity® Select Energy

  • Fund
  • FSENX
  • Price as of: Nov 22, 2017
  • $41.81
  • + $0.35
  • + 0.84%
  • Category
  • Energy Equities

FSENX - Profile

Vitals

  • YTD Return -10.6%
  • 3 Yr Annualized Return -6.0%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $1.9 B
  • Holdings in Top 10 46.9%

52 WEEK LOW AND HIGH

$41.81
$36.14
$48.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

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

BROKERAGE FEES

  • Turnover 93.00%

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 -10.6%
  • 3 Yr Annualized Total Return -6.0%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.44%
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 -10.6% -39.6% 27.5% 30.23% 2
1 Yr -0.9% -17.9% 31.6% 34.88% 2
3 Yr -6.0% * -33.0% 12.7% 17.44% 1
5 Yr 0.4% * -20.9% 15.6% 16.44% 1
10 Yr -1.6% * -14.7% 5.7% 20.00% 1

* Annualized


Return Ranking - Calendar

Period FSENX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 33.0% -17.2% 51.1% 23.26% 2
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

Total Return Ranking - Trailing

Period FSENX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -10.6% -39.6% 27.5% 29.41% 2
1 Yr -0.9% -19.2% 31.6% 29.41% 2
3 Yr -6.0% * -33.8% 12.7% 14.12% 1
5 Yr 0.4% * -21.2% 15.6% 15.07% 1
10 Yr -1.6% * -14.7% 5.7% 18.33% 1

* Annualized


Total Return Ranking - Calendar

Period FSENX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 33.3% -17.2% 51.1% 22.35% 2
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

NAV & Total Return History

FSENX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

FSENX Category Low Category High FSENX % Rank Quintile
Net Assets 1.9 B 5.41 M 9.41 B 3.49% 1
Number of Holdings 76 27 177 8.14% 1
Net Assets in Top 10 910 M 2.66 M 3.99 B 3.49% 1
Weighting of Top 10 46.9% 10.5% 64.8% 22.09% 3

Top 10 Holdings

  1. EOG Resources Inc 7.31%
  2. Chevron Corp 7.62%
  3. Exxon Mobil Corp 4.54%
  4. Pioneer Natural Resources Co 5.67%
  5. Diamondback Energy Inc 5.34%
  6. Halliburton Co 4.56%
  7. Williams Companies Inc 2.88%
  8. Phillips 66 3.12%
  9. Parsley Energy Inc A 2.94%
  10. RSP Permian Inc 2.87%

Asset Allocation

Weighting Category Low Category High FSENX % Rank Quintile
Stocks
99.68% 89.29% 100.00% 4.65% 1
Cash
0.31% -0.13% 16.90% 29.07% 4
Preferred Stocks
0.00% 0.00% 3.49% 3.49% 4
Other
0.00% -16.56% 3.89% 13.95% 4
Convertible Bonds
0.00% 0.00% 0.55% 3.49% 4
Bonds
0.00% 0.00% 6.46% 8.14% 5

Stock Sector Breakdown

Weighting Category Low Category High FSENX % Rank Quintile
Energy
93.98% 0.00% 99.58% 13.95% 2
Basic Materials
2.00% 0.00% 47.41% 22.09% 3
Industrials
1.24% 0.00% 50.20% 17.44% 3
Utilities
1.23% 0.00% 29.09% 13.95% 2
Technology
0.52% 0.00% 45.89% 11.63% 1
Real Estate
0.00% 0.00% 1.07% 3.49% 4
Healthcare
0.00% 0.00% 6.26% 3.49% 4
Financial Services
0.00% 0.00% 0.00% 1.16% 4
Communication Services
0.00% 0.00% 0.00% 1.16% 4
Consumer Defense
0.00% 0.00% 8.99% 5.81% 4
Consumer Cyclical
0.00% 0.00% 14.32% 11.63% 5

Stock Geographic Breakdown

Weighting Category Low Category High FSENX % Rank Quintile
US
92.22% 21.08% 98.05% 13.95% 2
Non US
7.46% 0.00% 77.47% 26.74% 4

FSENX - Expenses

Operational Fees

FSENX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.10% 7.28% 81.40% 1
Management Fee 0.55% 0.08% 1.53% 12.79% 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 93.00% 10.00% 1830.00% 11.63% 4

FSENX - Distributions

Dividend Yield Analysis

FSENX Category Low Category High FSENX % Rank Quintile
Dividend Yield 0.2% 0.00% 2.21% 22.00% 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 0.44% -2.37% 2.93% 46.51% 3

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

11.26

Tenure Rank

3.1%

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

19.6

Category Average

4.84

Category Mode

0.7