Fidelity funds focusing on defense & aerospace as well as commodity stocks such as gold, energy, and natural resources were top performers in February.
Top Fidelity Funds for February 2022
Excludes closed Fidelity funds
* Fidelity Select Gold Portfolio, FSAGX +12.0%
* Fidelity Select Defense and Aerospace Portfolio, FSDAX +10.8%
* Fidelity Global Commodity Stock Fund, FFGCX +10.4%
* Fidelity Select Energy Portfolio, FSENX +8.3%
* Fidelity Natural Resources Fund, FNARX +8.1%
Stocks contributing to the performance of the above Fidelity funds likely include Canadian Natural Resources Ltd. (CNQ), Chevron (CVX), Freeport-McMoRan (FCX), Franco-Nevada (FNV), Newmont (NEM), Northrop Grumman (NOC), Nutrien Ltd. (NTR), Raytheon Technologies (RTX), and Exxon Mobil (XOM).
Bottom performers for February include Fidelity Select IT Services Portfolio (FBSOX), Fidelity Emerging Asia Fund (FSEAX), Fidelity Nordic Fund (FNORX), Fidelity Select FinTech Portfolio (FSVLX), and Fidelity Total Emerging Markets Fund (FTEMX).
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