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Focus on Fidelity Select Energy Fund (FSENX)
Fidelity Select Energy Fund (FSENX - Free Report) seeks capital appreciation. FSENX normally invests at least 80% of 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 producthas a history of positive total returns for over 10 years. Specifically, the fund’s return over the 5 year benchmark is 0.7%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The Fidelity Select Energy fund, as of the last filing, allocates their fund in top two major groups; Large Value and Small Value. Further, as of the last filing, Chevron Corp, Exxon Mobil Corp and EOG Resources Inc were the top holdings for FSENX.
This Zacks Rank #1 (Strong Buy) was incepted in July 1981 and is managed by Fidelity. FSENX carries an expense ratio of 0.79% and requires a minimal initial investment of $2,500.
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