Fidelity Environment and Alternative Energy Fund

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Fidelity Environment & Alternative Engy (FSLEX)
Type
Open-end mutual fund
Sustainability mandate
Military weapon grade: Fund is invested in military contractors above the threshold of 4%. Assigned a grade of F.
How we track weapon investments
F
$51.3 MILLION
Military weapons
6
military weapon stocks found
9.93%
of assets flagged
Data as of 31 Dec 2023
Military weapons
Military contractors
Military contractors
Largest international arms manufacturers and military contractors
6
holdings
$51.3M
invested
9.93%
of portfolio
Nuclear weapons
Nuclear weapons
Manufacturers/servicers of nuclear armaments and delivery systems
3
holdings
$34.04M
invested
6.59%
of portfolio
Controversial weapons
Controversial weapons
Manufacturers involved with cluster munitions, landmines, white phosphorus, depleted uranium
0 direct stock holdings
Military weapon companies
6 holdings
6 holdings
  • 1.  Eaton Corp PLC
    Nuclear weapons
    $24.26M
    4.69%
  • 2.  Ball Corp
    $9.78M
    1.89%
  • 3.  KBR Inc
    Nuclear weapons
    $8.45M
    1.63%
  • 4.  Parker Hannifin Corp
    $4.53M
    0.88%
  • 5.  Woodward Inc
    $2.95M
    0.57%
See all
  For each weapons category, we show the fund's exposure. When calculating a portfolio's percent exposure to a list of companies, we only consider long investments, ignoring any shorts or liabilities.
Civilian firearm manufacturers and retailers

We also track investments in civilian firearm manufacturers and retailers raking in billions in handgun, assault rifle, and ammunition sales. Gun Free Funds is made for people looking to align their investments with their values by moving money out of companies that make and sell guns.

Fidelity Environment and Alternative Energy Fund earns an F grade for investments in military weapons
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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
More invested in military weapons 
7.08% more invested
More invested in major military contractors 
7.08% more invested
More invested in manufacturers/servicers of nuclear weapons 
4.36% more invested
Less invested in manufacturers of controversial weapons 
0.91% 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
More invested in military weapons 
7.08% more invested
More invested in major military contractors 
7.08% more invested
More invested in manufacturers/servicers of nuclear weapons 
4.36% more invested
Less invested in manufacturers of controversial weapons 
0.91% 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
More invested in military weapons 
7.08% more invested
More invested in major military contractors 
7.08% more invested
More invested in manufacturers/servicers of nuclear weapons 
4.36% more invested
Less invested in manufacturers of controversial weapons 
0.91% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Military weapon weight
This fund
FSLEX - Fidelity Environment and Alternative Energy Fund
17%
5.99%
11%
9.19%
9.93% 
Benchmark
ACWI - iShares MSCI ACWI ETF
14%
6.03%
10%
8.58%
2.85% 
Fund compared to benchmark
 
2.72%
-0.04%
0.72%
0.62%
7.08%  higher
Find more financial data on FSLEX at Morningstar.com
What's next?
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Action toolkit
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