Quick Guide to Fidelity Select Energy Fund (FSENX)
Fidelity Select Energy (FSENX) a Zacks Rank #1 (Strong Buy) invests a large portion of its assets in common stocks of companies principally engaged in the energy field, including the conventional areas of oil, gas, electricity, and coal, and newer sources of energy such as nuclear, geothermal, oil shale, and solar power.
This Sector - Energy fund, as of the last filing, allocates their fund in two major groups; Large Value and Precious Metal. Further, as of the last filing, EXXON MOBIL CORP, SCHLUMBERGER LTD and EOG RESOURCES INC were the top holdings for FSENX.
The Fidelity Select Energy fund, managed by Fidelity, carries an expense ratio of 0.79%. Moreover, FSENX requires a minimal initial investment of $2,500.
FSENX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 5 year benchmarks; 1 year 33.84% and 5 year 3.84%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
FSENX’s performance, as of the last filing, when compared to funds in its category was in the top 20% in 1 year, top 23% over the past 3 years, and in the 14% over the past 5 years.
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