Fidelity Select Energy Portfolio (NASDAQ: FSENX) is an open-end sector mutual fund managed by Fidelity Management & Research Company LLC. Launched in 1980, FSENX is designed to provide investors with targeted exposure to companies operating within the energy sector. The fund pursues capital appreciation by investing primarily in equity securities of companies engaged in the exploration, production, transportation and marketing of energy products, including traditional oil and gas as well as select renewable energy businesses.
FSENX typically allocates at least 80% of its assets to stocks of energy-related companies. Its portfolio spans a range of industry sub-sectors, such as upstream oil and gas producers, midstream pipeline operators, energy service firms and equipment manufacturers. The fund’s management team employs a research-driven, bottom-up approach to stock selection, drawing on Fidelity’s global research platform to identify companies with strong cash flow potential, competitive advantages and favorable pricing environments.
Since its inception, Fidelity Select Energy Portfolio has navigated multiple commodity price cycles, adapting its positioning to changing market dynamics and technological developments in the energy space. While the fund’s primary focus is on U.S.-based companies, managers may allocate a portion of assets to international energy firms when they offer attractive growth or value opportunities. This flexibility allows the portfolio to capture trends across both established and emerging energy markets.
The fund is overseen by a team of experienced portfolio managers and analysts at Fidelity, headquartered in Boston, Massachusetts. Investors can access FSENX through Fidelity’s brokerage platform, retirement accounts and other distribution channels. As a sector-specific fund, it is often used by investors seeking to complement broader equity holdings with concentrated exposure to the energy industry.
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