On the lookout for a Sector – Energy fund? Starting with Fidelity Select Energy Portfolio (FSENX) is one possibility. FSENX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
Objective
FSENX is one of many Sector – Energy funds to choose from. Sector – Energy mutual funds are comprised of various changing and hugely important industries throughout the massive global energy sector. Even though clean energy is beginning to pick up steam, oil and gas companies have the highest exposure, but carbon-based fuels will be the biggest group of assets in these funds.
History of Fund/Manager
Fidelity is responsible for FSENX, and the company is based out of Boston, MA. The Fidelity Select Energy Portfolio made its debut in July of 1981 and FSENX has managed to accumulate roughly $2.71 billion in assets, as of the most recently available information. Kristen Dougherty is the fund’s current manager and has held that role since November of 2024.
Performance
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 26.08%, and is in the top third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3-year annualized total return of 18.29%, which places it in the middle third during this time-frame.
It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. FSENX’s standard deviation over the past three years is 20.25% compared to the category average of 14.9%. The standard deviation of the fund over the past 5 years is 26.03% compared to the category average of 18.23%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.47, the fund is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. FSENX has generated a positive alpha over the past five years of 19.62, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.