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Trending ETFs

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$53.71

$673 M

0.07%

$0.04

0.68%

Vitals

YTD Return

11.9%

1 yr return

29.5%

3 Yr Avg Return

23.8%

5 Yr Avg Return

11.9%

Net Assets

$673 M

Holdings in Top 10

43.6%

52 WEEK LOW AND HIGH

$53.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 89.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$53.71

$673 M

0.07%

$0.04

0.68%

FSLEX - Profile

Distributions

  • YTD Total Return 11.9%
  • 3 Yr Annualized Total Return 23.8%
  • 5 Yr Annualized Total Return 11.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Fidelity Environment and Alternative Energy Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Asher Anolic

Fund Description

Normally investing at least 80% of assets in securities of companies principally engaged in business activities related to alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies, or other environmental support services. These companies may include, for example, companies involved in alternative and renewable energy such as solar, wind, biofuels, hydropower, geothermal power, or power storage; energy management & efficiency and energy conservation products and services such as energy-efficient home or building design and insulation, including heating and cooling, lighting, or appliances, as well as fuel efficient vehicles transportation such as hybrid and electric car vehicles, railways, or other alternative energy transportation equipment and solutions; pollution reduction and prevention activities to control emissions; water infrastructure related to water distribution, water purification, the collection, treatment, or reclamation of wastewater, and other water storage and maintenance; companies involved in food, agriculture, and aquaculture production or distribution; and waste management and recycling activities such as the transportation, treatment, and disposal of hazardous or other wastes, transforming waste into energy and other recycling, and sanitation or filtration equipment or services. For purposes of the fund's policy to normally invest at least 80% of its assets in securities of companies principally engaged in the business activity or activities identified for the fund, Fidelity may consider a company to be principally engaged in the designated business activity or activities based on: (i) the level of a company's assets, income, sales, or profits that are committed to, derived from, or related to the designated business activity or activities, or (ii) whether a third party has given the company an industry or sector classification consistent with the designated business activity or activities. Whether a company is principally engaged in the designated business activity or activities can be determined under any of these factors. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Normally investing primarily in common stocks. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Employing sustainable investing exclusion criteria to avoid investments in issuers that are directly engaged in, and/or derive significant revenue from, certain industries. Please see "Fund Basics - Investment Details - Sustainable Investing Exclusions" for additional information.
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FSLEX - Performance

Return Ranking - Trailing

Period FSLEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.9% 0.7% 58.0% 52.78%
1 Yr 29.5% 4.1% 151.9% 58.33%
3 Yr 23.8%* 6.8% 48.8% 41.67%
5 Yr 11.9%* -2.0% 25.5% 55.56%
10 Yr 14.3%* 8.6% 21.7% 31.03%

* Annualized

Return Ranking - Calendar

Period FSLEX Return Category Return Low Category Return High Rank in Category (%)
2025 19.9% 5.4% 66.5% 47.22%
2024 19.5% -18.5% 33.2% 22.22%
2023 25.8% -8.7% 54.7% 22.22%
2022 -26.5% -42.9% 8.8% 75.00%
2021 20.6% -8.0% 32.9% 30.56%

Total Return Ranking - Trailing

Period FSLEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.9% 0.7% 58.0% 52.78%
1 Yr 29.5% 4.1% 151.9% 58.33%
3 Yr 23.8%* 6.8% 48.8% 41.67%
5 Yr 11.9%* -2.0% 25.5% 55.56%
10 Yr 14.3%* 8.6% 21.7% 31.03%

* Annualized

Total Return Ranking - Calendar

Period FSLEX Return Category Return Low Category Return High Rank in Category (%)
2025 20.4% 6.3% 67.4% 52.78%
2024 20.0% -17.9% 33.4% 36.11%
2023 26.3% -7.8% 55.3% 22.22%
2022 -26.0% -39.2% 10.0% 80.56%
2021 30.4% 2.3% 33.7% 11.11%

NAV & Total Return History


FSLEX - Holdings

Concentration Analysis

FSLEX Category Low Category High FSLEX % Rank
Net Assets 673 M 6.36 M 30.1 B 58.33%
Number of Holdings 69 26 390 47.22%
Net Assets in Top 10 281 M 2.84 M 11.2 B 52.78%
Weighting of Top 10 43.56% 12.6% 74.9% 50.00%

Top 10 Holdings

  1. TESLA INC 8.34%
  2. MICROSOFT CORP 7.00%
  3. CISCO SYSTEMS INC 3.95%
  4. PROLOGIS INC REIT 3.58%
  5. LINDE PLC 3.50%
  6. NXP SEMICONDUCTORS NV 3.49%
  7. EATON CORP PLC 3.47%
  8. NEXTERA ENERGY INC 3.43%
  9. SIEMENS ENERGY AG 3.42%
  10. ANALOG DEVICES INC 3.38%

Asset Allocation

Weighting Return Low Return High FSLEX % Rank
Stocks
98.57% 75.39% 100.06% 77.78%
Cash
1.86% 0.06% 23.99% 52.78%
Preferred Stocks
0.01% 0.00% 3.74% 11.11%
Other
0.00% 0.00% 1.01% 77.78%
Convertible Bonds
0.00% 0.00% 0.00% 72.22%
Bonds
0.00% 0.00% 0.00% 72.22%

Stock Sector Breakdown

Weighting Return Low Return High FSLEX % Rank
Technology
25.85% 0.00% 38.28% 11.11%
Industrials
18.67% 9.02% 99.28% 94.44%
Consumer Cyclical
13.60% 0.00% 60.78% 33.33%
Utilities
12.67% 0.00% 12.67% 2.78%
Basic Materials
11.88% 0.00% 16.73% 11.11%
Healthcare
7.75% 0.00% 7.75% 2.78%
Real Estate
7.67% 0.00% 7.67% 2.78%
Energy
1.06% 0.00% 3.53% 11.11%
Financial Services
0.86% 0.00% 19.45% 11.11%
Communication Services
0.00% 0.00% 35.43% 77.78%
Consumer Defense
0.00% 0.00% 3.96% 77.78%

Stock Geographic Breakdown

Weighting Return Low Return High FSLEX % Rank
US
93.24% 17.64% 100.06% 69.44%
Non US
5.33% 0.00% 77.97% 25.00%

FSLEX - Expenses

Operational Fees

FSLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.08% 2.43% 44.44%
Management Fee 0.66% 0.03% 0.85% 63.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.25% N/A

Sales Fees

FSLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FSLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.00% 2.00% 205.00% 67.65%

FSLEX - Distributions

Dividend Yield Analysis

FSLEX Category Low Category High FSLEX % Rank
Dividend Yield 0.07% 0.00% 7.61% 72.22%

Dividend Distribution Analysis

FSLEX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Quarterly Quarterly

Net Income Ratio Analysis

FSLEX Category Low Category High FSLEX % Rank
Net Income Ratio 0.33% -1.16% 1.35% 55.56%

Capital Gain Distribution Analysis

FSLEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Distributions History

View More +

FSLEX - Fund Manager Analysis

Managers

Asher Anolic


Start Date

Tenure

Tenure Rank

Jul 12, 2021

0.88

0.9%

Asher Anolic is co-manager of the VIP Growth Portfolio, which he has managed since July 2017. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Anolic has worked as a research analyst and portfolio manager. Prior to joining Fidelity Investments in 2008, Mr. Anolic worked for Bear Stearns as a research analyst.

Julia Pei


Start Date

Tenure

Tenure Rank

Aug 27, 2021

0.76

0.8%

Julia Pei is co-manager of Fidelity ® Environment and Alternative Energy Fund, which she has managed since August 2021. Since joining Fidelity Investments in 2017, Ms. Pei has worked as a research analyst and portfolio manager. Prior to joining the firm, Ms. Pei served as an associate at Equity Group Investments from 2014 to 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.42 24.18 9.06 3.5