Fidelity Environment and Alternative Energy Fund

Shareclass
Fidelity Environment & Alternative Engy (FSLEX)
Type
Open-end mutual fund
Sustainability mandate
Prison industrial complex grade: One or more holdings were flagged as higher risk by our prison industrial complex screen, making up between 1% and 2% of the portfolio. Assigned a grade of D.
D
$106.37 MILLION
Prison industrial complex
4
flagged holdings
21%
of assets flagged
Data as of 31 Dec 2023
Flagged investments:
$106.37 MILLION, 21% of assets
Higher risk:
$8.45 MILLION, 1.63% of assets
 Private prison operators:
$0, 0% of assets
For each prison industrial complex category, click to see the breakdown of flagged holdings.
Prison industry
Prison industry
Incarceration and detention facilities, services in facilities, supervision and monitoring
1
holdings
$66.34M
invested
13%
of portfolio
Border industry
Border industry
Incarceration and detention facilities, immigrant monitoring and surveillance, militarization of the U.S.-Mexico border
4
holdings
$106.37M
invested
21%
of portfolio
All flagged holdings
4 holdings
4 holdings
  • 1.  Microsoft Corp
    Prison industryBorder industry
    $66.34M
    13%
  • 2.  International Business Machines Corp
    Border industry
    $27.86M
    5.39%
  • 3.  KBR Inc 
    Border industry
    $8.45M
    1.63%
  • 4.  Deere & Co
    Border industry
    $3.71M
    0.72%
Higher risk
Private prison operator
Fidelity Environment and Alternative Energy Fund $FSLEX is 21% ($106.37 MILLION) invested in companies with prison involvement
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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 private prison operators 
0.01% less invested
Less invested in higher risk companies, prison industry 
0.14% less invested
More invested in higher risk companies, border industry 
0.6% more invested
More invested in higher risk companies 
0.57% more invested
More invested in all screened prison industry companies 
2.6% more invested
More invested in all screened border industry companies 
7.04% more invested
More invested in all screened companies 
5.22% more 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 private prison operators 
0.01% less invested
Less invested in higher risk companies, prison industry 
0.14% less invested
More invested in higher risk companies, border industry 
0.6% more invested
More invested in higher risk companies 
0.57% more invested
More invested in all screened prison industry companies 
2.6% more invested
More invested in all screened border industry companies 
7.04% more invested
More invested in all screened companies 
5.22% more 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 private prison operators 
0.01% less invested
Less invested in higher risk companies, prison industry 
0.14% less invested
More invested in higher risk companies, border industry 
0.6% more invested
More invested in higher risk companies 
0.57% more invested
More invested in all screened prison industry companies 
2.6% more invested
More invested in all screened border industry companies 
7.04% more invested
More invested in all screened companies 
5.22% more invested
Month-end trailing returns  
Annualized returns
Flagged investments
1-yr
3-yr
5-yr
10-yr
Private prison operators
This fund
FSLEX - Fidelity Environment and Alternative Energy Fund
17%
5.99%
11%
9.19%
0% 
Benchmark
ACWI - iShares MSCI ACWI ETF
14%
6.03%
10%
8.58%
0.01% 
Fund compared to benchmark
 
2.72%
-0.04%
0.72%
0.62%
0.01%  lower
Find more financial data on FSLEX at Morningstar.com
What's next?
Learn how to make a change and move your money
Get started with our action toolkit
Action toolkit
Ask your employer about adding prison industrial complex-free options to your retirement plan
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Visit Fossil Free Funds to see this fund's exposure to fossil fuel companies and companies with high carbon footprints
More from Invest Your Values
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