Fidelity Select Utilities Portfolio Q4 2025 Commentary

Fidelity Investments937 FollowersFollow5ShareSavePlay(15min)CommentsSummaryFor the quarter, Fidelity Select Utilities Portfolio fund's Retail Class shares returned -0.68%, outpacing the -1.58% result of the MSCI U.S. IMI Utilities 25/50 Index but lagging the 2.66% gain of the broad-based S&P 500® index.The broad-market advance was supported by strong corporate fundamentals, a resilient economy, an ongoing boom in spending on artificial intelligence and the Federal Reserve's first interest-rate reductions since December 2024.Within the MSCI index, the renewable electricity (+14%) segment, representing the smallest group at about 1% of total index assets, delivered the strongest result. Evgenii Mitroshin/iStock via Getty Images Investment Approach Fidelity® Select Utilities Portfolio is a sector-based, equity-focused strategy that seeks to outperform the benchmark through active management. Within the utilities sector, we favor companies with durable earnings growth that are trading at This article was written byFidelity Investments937 FollowersFollowFidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.