Fidelity Environment and Alternative Energy Fund (FSLEX)
Fund Info
| ISIN | US3163905744 |
|---|---|
| CUSIP | 316390574 |
| Issuer | Fidelity |
| Inception Date | Jun 29, 1989 |
| Category | Alternative Energy Equities |
| Min. Investment | $0 |
| Home Page | fundresearch.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
FSLEX has a high expense ratio of 0.79%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Environment and Alternative Energy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Environment and Alternative Energy Fund had a return of 9.19% year-to-date (YTD) and 28.04% in the last 12 months. Over the past 10 years, Fidelity Environment and Alternative Energy Fund had an annualized return of 10.28%, while the S&P 500 had an annualized return of 10.99%, indicating that Fidelity Environment and Alternative Energy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.19% | 11.18% |
| 1 month | 7.11% | 5.60% |
| 6 months | 17.85% | 17.48% |
| 1 year | 28.04% | 26.33% |
| 5 years (annualized) | 12.55% | 13.16% |
| 10 years (annualized) | 10.28% | 10.99% |
Monthly Returns
The table below presents the monthly returns of FSLEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.18% | 6.91% | 2.84% | -3.47% | 9.19% | ||||||||
| 2023 | 5.65% | 0.58% | 3.16% | -2.58% | 1.39% | 9.62% | 1.83% | -1.83% | -5.34% | -4.48% | 11.59% | 5.49% | 26.29% |
| 2022 | -11.04% | -2.43% | 5.88% | -10.89% | -1.40% | -8.43% | 13.12% | -5.43% | -8.97% | 3.23% | 7.54% | -7.49% | -26.05% |
| 2021 | 0.07% | 1.89% | 6.80% | 4.59% | 0.98% | -1.06% | 3.48% | 3.48% | -5.77% | 13.88% | -0.67% | 0.34% | 30.30% |
| 2020 | -3.29% | -8.07% | -17.02% | 10.56% | 5.31% | 2.33% | 5.72% | 10.47% | -3.50% | -1.07% | 17.10% | 5.94% | 21.56% |
| 2019 | 9.36% | 5.59% | 0.16% | 4.09% | -9.07% | 9.89% | -1.88% | -4.86% | 3.86% | 1.61% | 3.97% | 2.95% | 26.86% |
| 2018 | 4.31% | -4.54% | -1.25% | -4.70% | 1.82% | -2.32% | 6.54% | 0.35% | -0.23% | -9.76% | 5.63% | -8.70% | -13.49% |
| 2017 | 2.62% | 3.24% | 1.46% | 1.94% | 2.47% | 1.22% | -0.77% | -0.61% | 3.88% | 4.21% | 3.02% | 0.13% | 25.18% |
| 2016 | -6.23% | 2.54% | 8.08% | 2.85% | -0.40% | -1.84% | 5.37% | 2.07% | 1.51% | -2.37% | 6.08% | 2.18% | 20.71% |
| 2015 | -3.38% | 6.24% | -0.67% | -0.45% | 2.22% | -1.69% | -3.00% | -5.42% | -4.34% | 9.92% | 1.78% | -4.63% | -4.49% |
| 2014 | -3.33% | 5.85% | 0.47% | -0.84% | 1.29% | 2.76% | -4.26% | 1.34% | -4.43% | 1.12% | 2.51% | 2.46% | 4.49% |
| 2013 | 5.45% | 0.78% | 2.65% | 0.59% | 4.55% | -2.30% | 7.18% | -3.08% | 6.11% | 3.47% | 2.21% | 3.33% | 34.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSLEX is 67, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FSLEX (Fidelity Environment and Alternative Energy Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Environment and Alternative Energy Fund granted a 0.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.14 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.13 | $0.18 | $2.76 | $1.90 | $0.58 | $1.38 | $1.68 | $0.29 | $0.58 | $3.04 | $0.17 |
Dividend yield | 0.39% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.36% | 1.29% | 3.07% | 14.89% | 0.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Environment and Alternative Energy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.74 | $2.76 |
| 2020 | $0.00 | $0.00 | $0.00 | $1.73 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $1.90 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.58 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $1.38 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $1.68 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.29 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.58 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.01 | $3.04 |
| 2013 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Environment and Alternative Energy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Environment and Alternative Energy Fund was 50.21%, occurring on Jul 23, 2002. Recovery took 916 trading sessions.
The current Fidelity Environment and Alternative Energy Fund drawdown is 0.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.21% | Apr 16, 1998 | 1084 | Jul 23, 2002 | 916 | Mar 14, 2006 | 2000 |
| -49.51% | Dec 27, 2007 | 300 | Mar 9, 2009 | 489 | Feb 14, 2011 | 789 |
| -39.77% | Jan 21, 2020 | 44 | Mar 23, 2020 | 111 | Aug 28, 2020 | 155 |
| -32.67% | Nov 22, 2021 | 226 | Oct 14, 2022 | — | — | — |
| -31.35% | May 2, 2011 | 108 | Oct 3, 2011 | 406 | May 17, 2013 | 514 |
Volatility
Volatility Chart
The current Fidelity Environment and Alternative Energy Fund volatility is 3.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.