With nearly $1 billion in assets under management, Fidelity® Select Natural Resources Portfolio (FNARX) focuses primarily on energy stocks, which have seen a significant amount of volatility over the last few months.
With crude oil prices testing $80 a barrel, the fund has been hurt by declining energy stocks, and it’s down nearly 13% in just one month.
Inside the Fund
The Fidelity® Select Natural Resources Portfolio (FNARX) was launched on March 3, 1997, and is managed by John Dowd. As a fund focused on natural resources, it is compiled of over 85% energy stocks and 9% basic materials.
The fund focuses primarily on stocks located in the Americas and has a dividend yield of about 1.46%.
Historical Performance
| 2010 | 2011 | 2012 | 2013 | YTD |
|---|---|---|---|---|
| 23.09% | -9.25% | 3.35% | 17.49% | -4.95% |
Fidelity® Select Natural Resources Portfolio’s Largest Holdings
The fund’s top five holdings represent over 37% of its total portfolio. Each of its top five holdings are down during the last three months, while the fund itself is down 12.49% in the last three months.
| Symbol | Stock | Portfolio Weight | 3 Month Performance |
|---|---|---|---|
| SLB | Schlumberger NV | 8.91% | -13.95% |
| CVX | Chevron | 8.65% | -12.71% |
| EOG | EOG Resources | 6.74% | -17.81% |
| HAL | Halliburton | 4.70% | -22.48% |
| NBL | Noble Energy | 3.99% | -19.17% |
The Bottom Line
While the price of crude oil was above $100 in June 2014, prices have fallen 20%. Energy stocks have been taking a hit over the last few months as the price of crude oil and natural gas has seen a major downfall.