FSLEX Performance — Fidelity Environment and Alternative Energy Fund
Data updated: 2026-07-24
FSLEX returned +15.66% year to date and +35.55% over one year to May 2026. Annualised returns are +24.92% over 3 years and +12.10% over 5 years. The fund beat its Thematic Equity category average: $100 invested three years ago grew to $195, against $175 for the category, and to $136 over one year, against $125. Volatility over the past three years was 18.16% a year. In the 12 months to May 2026 the fund took in a net $2.9M, and assets reached $699.56M.
FSLEX Growth of $100
What $100 invested in Fidelity Environment and Alternative Energy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Thematic Equity category average over the same months.
| Period | FSLEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $136 | $125 |
| 3 years (Jun 2023 – May 2026) | $195 | $175 |
| 5 years (Jun 2021 – May 2026) | $177 | $149 |
| Since data start (Sep 2019 – May 2026) | $279 | $237 |
FSLEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.66% |
| 1 year | +35.55% |
| 3 years (annualised) | +24.92% |
| 5 years (annualised) | +12.10% |
FSLEX Annual Returns
Calendar-year total returns of Fidelity Environment and Alternative Energy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +15.66% |
| 2025 | +20.37% |
| 2024 | +20.06% |
| 2023 | +26.28% |
| 2022 | −26.04% |
| 2021 | +30.44% |
| 2020 | +21.19% |
| 2019 (Sep–Dec) | +13.00% |
FSLEX 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 | +3.3% | +3.7% | −7.1% | +12.8% | +3.0% | — | — | — | — | — | — | — |
| 2025 | +3.2% | −6.3% | −5.5% | +1.3% | +11.0% | +5.6% | +2.5% | +1.9% | +5.7% | +2.0% | −1.3% | 0.0% |
| 2024 | −2.2% | +6.9% | +2.9% | −3.5% | +5.9% | −0.8% | +4.7% | +1.2% | +4.9% | −5.0% | +8.3% | −3.8% |
| 2023 | +5.7% | +0.6% | +3.2% | −2.6% | +1.4% | +9.6% | +1.8% | −1.8% | −5.3% | −4.5% | +11.6% | +5.5% |
| 2022 | −11.0% | −2.4% | +5.9% | −10.9% | −1.4% | −8.4% | +13.1% | −5.4% | −9.0% | +3.2% | +7.5% | −7.5% |
| 2021 | +0.1% | +1.9% | +6.8% | +4.6% | +1.0% | −1.1% | +3.5% | +3.5% | −5.8% | +13.9% | −0.7% | +0.4% |
| 2020 | −3.3% | −8.1% | −17.0% | +10.2% | +5.3% | +2.3% | +5.7% | +10.5% | −3.5% | −1.1% | +17.1% | +5.9% |
| 2019 | — | — | — | — | — | — | — | — | +3.9% | +1.6% | +4.0% | +2.9% |
FSLEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 18.16%
- 3-year Sharpe ratio: 1.12 (vs 4.5% risk-free rate)
- Best month: +12.84% (Apr 2026)
- Worst month: −7.15% (Mar 2026)
FSLEX Fund Flows
Monthly money in and out of Fidelity Environment and Alternative Energy Fund, from SEC Form N-PORT.
- 12-month net flow: $2.9M
- 12-month gross sales (incl. reinvestments): $156.9M
- Sales ÷ redemptions: 1.02×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $19.5M | $13.3M | $6.2M |
| Apr 2026 | $20.1M | $11.2M | $8.9M |
| Mar 2026 | $7.7M | $10.4M | −$2.6M |
| Feb 2026 | $9.6M | $8.2M | $1.4M |
| Jan 2026 | $15.4M | $12.0M | $3.4M |
| Dec 2025 | $10.5M | $14.8M | −$4.4M |
| Nov 2025 | $9.2M | $9.8M | −$543K |
| Oct 2025 | $10.6M | $11.1M | −$541K |
| Sep 2025 | $10.5M | $9.2M | $1.3M |
| Aug 2025 | $5.2M | $9.9M | −$4.7M |
| Jul 2025 | $6.0M | $10.8M | −$4.8M |
| Jun 2025 | $32.6M | $33.3M | −$696K |
FSLEX Assets Under Management
Net assets of Fidelity Environment and Alternative Energy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $699.56M |
| 2026-02-28 | $644.82M |
| 2025-11-30 | $603.75M |
| 2025-08-31 | $567.61M |
| 2025-05-31 | $524.60M |
| 2025-02-28 | $526.45M |
| 2024-11-30 | $585.13M |
| 2024-08-31 | $556.99M |
| 2024-05-31 | $538.35M |
| 2024-02-29 | $523.99M |
| 2023-11-30 | $492.96M |
| 2023-08-31 | $506.56M |
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.