Fidelity Environment and Alternative Energy Fund

Shareclass
Fidelity Environment & Alternative Engy (FSLEX)
Type
Open-end mutual fund
Sustainability mandate
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
D
0.5%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
1
holdings flagged
0.5%
of assets flagged
This fund contains
 $2.59 MILLION invested 
in holdings flagged for deforestation risk
Fidelity has huge investments in companies like Bunge, Noble Group, Golden-Agri Resources and Resolute Forest Products that grow, trade or use palm oil, cattle and soy in their products but have failed to eliminate deforestation and human rights abuses from their operations. This means Fidelity has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell Fidelity to adopt a No Deforestation Policy!
Sign the petition
producers
Commodity producers
1 holdings
0.5% of assets
$2.59 MILLION invested
banks
Banks and lenders
0 holdings
0% of assets
$0 invested
consumers
Major consumer brands
0 holdings
0% of assets
$0 invested
Commodity producers
Commodity producers
1 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
1 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Neste OYJ
    Soy producerPalm oil producer
    0.5%0.5% of portfolio
    $2.59M$2.59M invested
    Soy producerPalm oil producer
No holdings icon
Banks and lenders
0 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
No holdings icon
Major consumer brands
0 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
View more info
DATA AS OF 31 Dec 2023
Financial performance
Performance data provided byMorningstarFind more financial data on FSLEX at Morningstar.com
Current fund
FSLEX
Fidelity Environment and Alternative Energy Fund
Family
Fidelity Investments
Category
Industrials
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 10-yr returns 
0.62% more in annualized returns
Less invested in commodity producers 
0.22% less invested
Less invested in banks and lenders 
3.17% less invested
Less invested in major consumer brands 
10.51% less invested
Current fund
FSLEX
Fidelity Environment and Alternative Energy Fund
Family
Fidelity Investments
Category
Industrials
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 10-yr returns 
0.62% more in annualized returns
Less invested in commodity producers 
0.22% less invested
Less invested in banks and lenders 
3.17% less invested
Less invested in major consumer brands 
10.51% less invested
Current fund
FSLEX
Fidelity Environment and Alternative Energy Fund
Family
Fidelity Investments
Category
Industrials
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 10-yr returns 
0.62% more in annualized returns
Less invested in commodity producers 
0.22% less invested
Less invested in banks and lenders 
3.17% less invested
Less invested in major consumer brands 
10.51% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
FSLEX - Fidelity Environment and Alternative Energy Fund
17%
5.99%
11%
9.19%
0.5% 
Benchmark
ACWI - iShares MSCI ACWI ETF
14%
6.03%
10%
8.58%
0.72% 
Fund compared to benchmark
 
2.72%
-0.04%
0.72%
0.62%
0.22%  lower
Find more financial data on FSLEX at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
More from Invest Your Values
See how mutual funds and ETFs are rated on issues ranging from fossil fuels, to deforestation, gender equality, guns, prisons, weapons, and tobacco

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