The investment seeks capital appreciation. The fund normally invests primarily in common stocks. It normally invests at least 80% of assets in securities 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. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.

Nasdaq

FANIX

Normally the fund invests at least 80% of assets in securities of agricultural productivity companies. Normally it invests primarily in equity securities. Such companies may include but are not limited to those involved in farm machinery, farm machinery parts and equipment, irrigation, agricultural efficiency and services, agricultural science and biotechnology, fertilizers, pesticide and crop protection, seed manufacturers, crop chemicals, agricultural products and processors, processed food producers, aquatic farming, and livestock services.

FARMX

The investment seeks long-term growth of capital and income. The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. infrastructure-related companies. It normally will invest at least 40% of its net assets in securities of non-U.S. issuers and, in any case, will invest at least 30% of its net assets in such issuers. The fund diversifies its investments among a number of different countries throughout the world. Up to 25% of the fund's total assets may be invested in equity securities of emerging market issuers.

FGIYX

FIKAX

The fund primarily invests in U.S.-listed infrastructure companies and may also allocate a portion to foreign infrastructure companies. It is non-diversified and aims to achieve long-term capital growth through equity securities.

FLIAX

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in publicly traded equity securities of infrastructure companies listed on a domestic or foreign exchange, throughout the world (including emerging markets), including the United States. The advisor defines infrastructure companies as those companies that derive at least 65% of their operating earnings from the ownership or operation of infrastructure assets.

FLIIX

The fund primarily invests in securities of water sustainability companies, focusing on those involved in various aspects of water infrastructure and services. It is non-diversified.

FLOWX

The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities of infrastructure companies. It will concentrate in the infrastructure sector and utilities industry. The fund invests in a diversified portfolio of securities of infrastructure companies that subadviser has determined have an appropriate capital structure, are likely to generate reliable income streams and are likely to benefit from inflation protection. It is anticipated that the fund's portfolio will generally consist of 80 to 100 companies.

FMGIX

Under normal market conditions, the fund invests a minimum of 80% of its net assets in the equity securities of infrastructure companies. It will invest in common stock, stapled securities (an equity security comprised of multiple parts) and Real Estate Investment Trusts (REITs) of infrastructure companies as part of its principal investment strategy. The fund will invest in both U.S. and non-U.S. companies and may invest in companies of any size, with a minimum market capitalization of $500 million. It is non-diversified.

FMSIX

The fund normally invests at least 80% of assets in securities of companies principally engaged in owning or developing natural resources, or supplying goods and services to such companies, and in precious metals. It invests primarily in common stocks and in certain precious metals. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.

FNARX

FNRCX

Under normal market conditions, the fund invests at least 80% of its net assets in the equity and debt securities of companies in the natural resources sector. It predominantly invests in equity securities. In addition to its investments in companies in the natural resources sector, the fund may also invest up to 20% of its net assets in equity or debt securities of any type of issuer. It may invest a significant portion of its assets in smaller capitalization companies, which are generally companies with market capitalizations of less than $2 billion at the time of the fund's investment.

FRNRX

The fund invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies principally engaged in the research, development, manufacture, or marketing of products or services related to the chemical process industries. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments.

FSCHX

The investment seeks capital appreciation. The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies principally engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments.

FSDPX

The fund normally invests at least 80% of assets in securities 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. It invests in domestic and foreign issuers. The fund invests primarily in common stocks. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.

FSENX

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of issuers engaged in energy-related industries, and in derivatives and other instruments that have economic characteristics similar to such securities. It invests primarily in equity securities. The principal type of equity security in which the fund invests is common stock.

FSTEX

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of both U.S. and non-U.S. companies principally engaged in the production, exploration or discovery, or distribution of energy including the research and development or production of alternative energy sources. It will invest in companies economically tied to U.S. and to foreign countries, including, potentially, companies domiciled or traded in emerging markets.

GAGEX

The fund invests normally at least 80% of its net assets plus any borrowings for investment purposes in a portfolio of investments in issuers that are engaged in or related to the infrastructure group of industries ("infrastructure companies"). It may also invest up to 20% of its total assets in master limited partnerships ("MLPs") and up to 20% of its net assets in issuers that are not infrastructure companies.

GGINX

Under normal conditions, the fund invests at least 80% of its net assets in securities of "global resource" companies and instruments that derive their value from "global resources". Global resources include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A global resource company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to global resources.

GHAAX

The investment seeks total return through growth of capital and current income. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. and non-U.S. infrastructure-related companies and in derivatives and other instruments that have economic characteristics similar to such securities. It may also invest in infrastructure-related companies organized as master limited partnerships (MLPs), including up to 20% of its net assets in MLPs that are not taxed as regular corporations for U.S. federal income tax purposes.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
FANIX	Fidelity Advisor Energy Fund Class I	Energy Equities	Jul 3, 1995	0.76%	13.35%	2.94%	1.95%
FARMX	Fidelity Agricultural Productivity Fund	Energy Equities	Apr 15, 2020	0.99%	-1.85%	5.32%	1.36%
FGIYX	Nuveen Global Infrastructure Fund	Energy Equities	Dec 16, 2007	0.97%	0.18%	5.71%	2.51%
FIKAX	Fidelity Advisor Energy Fund Class Z	Energy Equities	Oct 2, 2018	0.63%	13.39%	—	2.02%
FLIAX	First Sentier American Listed Infrastructure Fund	Energy Equities	Dec 28, 2020	0.75%	1.61%	—	2.86%
FLIIX	First Sentier Global Listed Infrastructure Fund	Energy Equities	Feb 27, 2017	0.95%	1.13%	—	2.43%
FLOWX	Fidelity Water Sustainability Fund	Energy Equities	Apr 21, 2020	1.00%	8.12%	—	0.39%
FMGIX	Frontier MFG Core Infrastructure Fund	Energy Equities	Jan 17, 2012	0.50%	-0.87%	5.76%	6.59%
FMSIX	Frontier MFG Select Infrastructure Fund	Energy Equities	Jul 1, 2018	0.80%	—	—	—
FNARX	Fidelity Natural Resources Fund	Energy Equities	Mar 3, 1997	0.82%	15.58%	3.45%	1.25%
FNRCX	Fidelity Advisor Energy Fund Class C	Energy Equities	Nov 3, 1997	1.79%	12.94%	1.90%	1.25%
FRNRX	Franklin Natural Resources Fund	Energy Equities	Jun 4, 1995	0.96%	7.84%	-0.84%	1.83%
FSCHX	Fidelity Select Chemicals Portfolio	Energy Equities	Jul 28, 1985	0.74%	1.09%	6.80%	10.80%
FSDPX	Fidelity Select Materials Portfolio	Energy Equities	Sep 28, 1986	0.74%	6.29%	5.99%	4.59%
FSENX	Fidelity Select Energy Portfolio	Energy Equities	Jul 14, 1981	0.77%	13.38%	2.97%	1.85%
FSTEX	Invesco Energy Fund	Energy Equities	Jan 18, 1984	1.36%	9.73%	-2.02%	1.93%
GAGEX	Guinness Atkinson Global Energy Fund	Energy Equities	Jun 29, 2004	1.46%	11.22%	-1.32%	3.89%
GGINX	Goldman Sachs Global Infrastructure Fund	Energy Equities	Jun 26, 2016	1.10%	-1.55%	—	2.71%
GHAAX	VanEck Global Resources Fund	Energy Equities	Nov 1, 1994	1.38%	4.73%	-1.54%	2.22%
GIZYX	Invesco Global Infrastructure Fund	Energy Equities	May 1, 2014	1.00%	-1.86%	3.82%	3.14%

The Best Energy Equities Mutual Funds

Risk vs. Return Scatterplot