Fidelity Select Environmental and Alternative Energy Ptf
FSLEX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Jun 29, 1989
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Select Environmental and Alternative Energy Portfolio (FSLEX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its assets in securities of companies principally engaged in research, development, manufacturing, or sales related to alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies, and other environmental support services. The fund primarily invests in common stocks of domestic and foreign issuers, employing fundamental analysis of issuers' financial condition, industry position, and market and economic environment; top holdings as of June 30, 2025, include Microsoft Corporation (12.18%), Tesla, Inc. (7.62%), Linde plc (5.93%), Cisco Systems, Inc. (3.64%), and Eaton Corporation plc (3.48%), with sector allocations emphasizing industrials (40.43%), technology (31.64%), and consumer cyclical (9.73%). It operates within the industrials sector per Morningstar categorization, targeting institutional and retail investors focused on thematic sustainable investing, with assets under management of approximately $601 million and a net expense ratio of 0.69%. Launched on June 29, 1989, and headquartered in Boston, Massachusetts, as part of Fidelity Investments' suite of sector and thematic funds, FSLEX maintains a blend investment style across large-cap stocks and invests globally, with 92.96% in U.S. stocks and 6.60% in non-U.S. stocks. In a notable management transition, co-portfolio manager Julia Pei departed the fund on June 29, 2025, leaving Brian Aronson as the sole portfolio manager since February 7, 2025, who continues to express a positive outlook on environmental and alternative energy themes as of August 31, 2025. The fund rebranded from "Fidelity Select Environment and Alternative Energy Portfolio" to its current "Fidelity Environment and Alternative Energy Fund" structure effective May 1, 2021, aligning with Fidelity's broader thematic offerings without altering investment objectives or strategies. No recent acquisitions, mergers, funding rounds, or new product launches specific to FSLEX were reported in 2024 or 2025.