Fidelity Select Energy Portfolio Q1 2026 Commentary (Mutual Fund:FSENX)
Fidelity Investments·2026-06-26·via All Articles on Seeking Alpha
Summary
For the first quarter of 2026, Fidelity Select Energy Portfolio's Initial Class shares gained 39.52%, outpacing the MSCI U.S. IMI Energy 25/50 Index and the S&P 500 index.
The energy sector advanced 38.21% the past three months, as measured by the MSCI U.S. IMI Energy 25/50 Index.
The per-barrel price of Brent North Sea crude, a proxy for the global price of oil, rose to $123 per bbl on March 31, up from $61.35 per bbl at the start of the quarter.
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Investment Approach
• Fidelity® Select Energy Portfolio is a sector-based, equity-focused strategy that seeks to outperform its benchmark through active management.
• We believe stocks can become mispriced relative to intrinsic value for a variety of
