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Morningstar

Fidelity Environment & Alternative Engy FSLEX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 35.99  /  +0.22 %
  • Total Assets 509.4 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 0.41%
  • Turnover 35%

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 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 Environment& Alternative Engy 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 most expensive 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 60.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

12.90 69.0 Mil
Technology

Linde PLC

7.94 42.5 Mil
Basic Materials

Tesla Inc

6.97 37.3 Mil
Consumer Cyclical

Danaher Corp

5.85 31.3 Mil
Healthcare

International Business Machines Corp

5.78 30.9 Mil
Technology

Eaton Corp PLC

5.56 29.7 Mil
Industrials

Prologis Inc

4.60 24.6 Mil
Real Estate

Union Pacific Corp

4.51 24.1 Mil
Industrials

Trane Technologies PLC Class A

3.37 18.0 Mil
Industrials

Republic Services Inc

3.08 16.5 Mil
Industrials