FNARX Performance — Fidelity Natural Resources Fund
Data updated: 2026-07-24
FNARX returned +22.91% year to date and +48.52% over one year to May 2026. Annualised returns are +23.42% over 3 years and +20.81% over 5 years. The fund beat its Global Multi-Cap Blend category average: $100 invested three years ago grew to $188, against $154 for the category, and to $149 over one year, against $123. Volatility over the past three years was 16.99% a year. In the 12 months to May 2026 the fund took in a net $150.6M, and assets reached $983.70M.
FNARX Growth of $100
What $100 invested in Fidelity Natural Resources Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Multi-Cap Blend category average over the same months.
| Period | FNARX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $149 | $123 |
| 3 years (Jun 2023 – May 2026) | $188 | $154 |
| 5 years (Jun 2021 – May 2026) | $257 | $144 |
| Since data start (Sep 2019 – May 2026) | $298 | $192 |
FNARX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.91% |
| 1 year | +48.52% |
| 3 years (annualised) | +23.42% |
| 5 years (annualised) | +20.81% |
FNARX Annual Returns
Calendar-year total returns of Fidelity Natural Resources Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +22.91% |
| 2025 | +28.66% |
| 2024 | +3.79% |
| 2023 | +6.40% |
| 2022 | +41.03% |
| 2021 | +39.40% |
| 2020 | −20.73% |
| 2019 (Sep–Dec) | +9.47% |
FNARX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.8% | +11.5% | +4.3% | −1.6% | −4.0% | — | — | — | — | — | — | — |
| 2025 | +2.3% | +1.0% | +6.0% | −7.5% | +5.0% | +5.5% | +1.5% | +5.6% | +3.4% | −1.7% | +5.0% | +0.1% |
| 2024 | +0.3% | +2.7% | +10.8% | +1.4% | +1.5% | −2.6% | +2.4% | −1.9% | −2.9% | −0.7% | +1.9% | −8.1% |
| 2023 | +7.5% | −4.3% | −1.3% | +1.8% | −10.1% | +7.9% | +9.2% | +1.6% | +1.7% | −7.4% | +0.7% | +0.8% |
| 2022 | +12.1% | +8.1% | +9.2% | −2.1% | +10.5% | −18.1% | +7.5% | +1.2% | −10.5% | +23.3% | +4.3% | −4.0% |
| 2021 | −0.4% | +13.3% | +2.9% | +6.0% | +8.5% | −0.4% | −5.5% | −1.1% | +5.3% | +8.6% | −5.9% | +4.3% |
| 2020 | −9.9% | −13.5% | −33.5% | +32.1% | +1.7% | +0.4% | +1.9% | +2.7% | −10.2% | −2.2% | +16.8% | +5.9% |
| 2019 | — | — | — | — | — | — | — | — | +2.1% | −2.2% | +1.4% | +8.1% |
FNARX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 16.99%
- 3-year Sharpe ratio: 1.11 (vs 4.5% risk-free rate)
- Best month: +11.83% (Jan 2026)
- Worst month: −8.09% (Dec 2024)
FNARX Fund Flows
Monthly money in and out of Fidelity Natural Resources Fund, from SEC Form N-PORT.
- 12-month net flow: $150.6M
- 12-month gross sales (incl. reinvestments): $439.7M
- Sales ÷ redemptions: 1.52×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $35.7M | $61.9M | −$26.2M |
| Apr 2026 | $60.6M | $61.5M | −$940K |
| Mar 2026 | $76.1M | $34.0M | $42.1M |
| Feb 2026 | $80.2M | $17.4M | $62.8M |
| Jan 2026 | $54.8M | $19.8M | $35.0M |
| Dec 2025 | $43.8M | $14.5M | $29.3M |
| Nov 2025 | $11.8M | $11.4M | $399K |
| Oct 2025 | $20.7M | $14.5M | $6.2M |
| Sep 2025 | $16.1M | $12.7M | $3.3M |
| Aug 2025 | $13.7M | $14.0M | −$328K |
| Jul 2025 | $13.9M | $16.5M | −$2.6M |
| Jun 2025 | $12.5M | $10.8M | $1.6M |
FNARX Assets Under Management
Net assets of Fidelity Natural Resources Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $983.70M |
| 2026-02-28 | $987.48M |
| 2025-11-30 | $689.76M |
| 2025-08-31 | $636.27M |
| 2025-05-31 | $564.07M |
| 2025-02-28 | $568.51M |
| 2024-11-30 | $623.90M |
| 2024-08-31 | $648.28M |
| 2024-05-31 | $685.54M |
| 2024-02-29 | $588.24M |
| 2023-11-30 | $639.70M |
| 2023-08-31 | $658.96M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.