|Expense Ratio (net)||0.78%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Jul 14, 1981|
The energy sector experienced intense price volatility in the first quarter of 2018.However, oil prices managed to stay above $60 a barrel for most of Q1. Apart from rise in oil prices, there were no other visible catalysts that could keep the energy sector afloat. This resulted is sharp losses for mutual funds from the space.
Instead, as has been the case year-long, actively managed funds, especially actively managed sector funds, offer a compelling way to net the best of both the risk management and return potential worlds. Fidelity has the broadest array of actively managed sector funds available — and they also have the lowest cost, commission-free sector ETFs. My approach: Buy the Fidelity Select Banking Fund (MUTF:FSRBX) and hold on to it.