Fund of the Week: Fidelity® Select Natural Resources Portfolio (FNARX)

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

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.

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.