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JPMorgan Global Natural Resources Class A Shares

  • Symbol: JGNAX
  • No Transaction Fee No Transaction Fee 1
  • Information
    This fund is now available NTF (No Transaction Fee) and offered load-waived through FidelityThis fund is now available NTF (No Transaction Fee) and offered load-waived through Fidelity
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Morningstar® Snapshot*

AS OF 06/30/2015; MORNINGSTAR CATEGORY: Natural Resources
Returns 1 out of 5, Low Returns
LOWAVGHIGH
Expenses 3 out of 5, Average Fees
LOWAVGHIGH
Risk of this Category Category Risk Rating:8, where 1 is Lower and 10 is Higher
LOWERHIGHER

*Data provided by Morningstar.

Performance

 2 More Information
AS OF 6/30/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
YTD (Daily)* -22.66% 1 Yr -33.05% 3 Yr -12.11% 5 Yr -- Life of Fund -14.71%
*AS OF 7/27/2015; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 06/30/2015; MORNINGSTAR CATEGORY: Natural Resources
Shows growth of hypothetical $10,000 investment in JPMorgan Global Natural Resources Class A Shares compared to MSCI World (N),Natural Resources over the selected time period
JPMorgan Global Natural Resources Class A Shares
Natural Resources

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The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
This Fund -- -- -- -- -- -- -23.85% -6.81% -15.17% -20.15% -7.25%
Benchmark 9.49% 20.07% 9.04% -40.71% 29.99% 11.76% -5.54% 15.83% 26.68% 4.94% 2.63%
Category 38.20% 10.53% 37.12% -48.79% 48.48% 18.06% -13.97% 4.34% 8.75% -12.48% -2.42%
+/- Benchmark -- -- -- -- -- -- -18.31% -22.64% -41.85% -25.09% -9.88%
+/- Category -- -- -- -- -- -- -9.88% -11.15% -23.92% -7.67% -4.83%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Neil Gregson since 11/30/2010

Fund Overview

Objective

The investment seeks long-term capital appreciation.

Strategy

The fund normally invests at least 80% of its assets in equity and equity-like securities of companies in the natural resources sector. It is not constrained by capitalization limits. Under normal circumstances, the advisor intends to invest at least 40% of its total assets in countries other than the United States. The fund may also invest up to 20% of its assets in equity or debt securities of any type of foreign or U.S. issuer or commodity-related securities. It is non-diversified.

Risk

The natural resources industries can be significantly affected by events relating to international political and economic developments, energy conservation, the success of exploration projects, commodity prices, and tax and other government regulations Sector funds can be more volatile because of their narrow concentration in a specific industry. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Additional Disclosures

A mutual fund registered under JPMorgan Trust I, and managed by J.P. Morgan Investment Management Inc. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

Details

More Information
Morningstar Category
Natural Resources
Fund Inception
11/30/2010
NAV
7/27/2015
$5.87
Glossary definition opens in new window.Exp Ratio (Gross)
3/1/2015
2.12%
($21.20 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
3/1/2015
1.31%
($13.10 per $1000)
Load
5.25%
Minimum to Invest 5
$2,500.00
Turnover Rate
10/31/2014
30%
Glossary definition opens in new window.Portfolio Net Assets ($M)
6/30/2015
$40.94
Glossary definition opens in new window.Share Class Net Assets ($M)
6/30/2015
$3.47
12 Month Low-High
6/30/2015
$6.88 - $10.93

Top 10 Holdings

 6 More Information
AS OF 5/31/2015
Top 10 Holdings
Lundin Mining Corp 5.32%
Glencore PLC 4.98%
First Quantum Minerals Ltd 4.88%
Rio Tinto PLC 4.48%
BHP Billiton PLC 3.98%
Freeport-McMoRan Inc 3.94%
Goldcorp Inc 3.70%
Anadarko Petroleum Corp 3.48%
Lundin Petroleum AB 2.93%
Agnico Eagle Mines Ltd 2.69%
% of Total Portfolio 40.40%
Total # of holdings: 92 as of 5/31/2015

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 6/30/2015; FUND INCEPTION 11/30/2010 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
2.12% AS OF 3/1/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
JPMorgan Global Natural Resources Class A Shares -33.05% -12.11% -- -- -14.71%
JPMorgan Global Natural Resources Class A Shares  (Load Adjusted) -36.56% -13.68% -- -- -15.71%
MSCI World (N) 1.43% 14.27% 13.10% 6.38% 10.83%
Natural Resources -22.42% 0.49% 3.93% 4.29% --
Glossary definition opens in new window.After Taxes on Distributions
JPMorgan Global Natural Resources Class A Shares  (Load Adjusted) -36.58% -13.91% -- -- -15.88%
Natural Resources -24.01% -0.38% 3.24% 3.15% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
JPMorgan Global Natural Resources Class A Shares  (Load Adjusted) -20.69% -10.07% -- -- -11.00%
Natural Resources -13.09% 0.03% 2.85% 3.32% --

Please note: This fund is offered load-waived through Fidelity's NTF program.

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Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee funds are available without paying a transaction fee. No Transaction Fee funds will also be offered without a load or on a load waived basis. However, the fund may charge a short term trading fee or a redemption fee. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund's current prospectus. Fidelity Brokerage Services LLC ("FBS"), or its affiliates, receives compensation in connection with (i) access to, purchase or redemption of, and/or maintenance of positions in mutual funds and other investment products ("funds"), (ii) platform infrastructure needed to support such funds as well as additional compensation for shareholder services, platform infrastructure support and maintenance, and other programs and/or (iii) a fund's attendance at events for FBS's clients and/or representatives, and opportunities for the fund to promote its products and services. This compensation may take the form of sales loads and 12b-1 fees described in the prospectus and/or additional compensation paid by the fund, its investment adviser or an affiliate. Additional information about the source(s) and amount(s) of this compensation as well as any other remuneration received by FBS or its affiliates will be furnished upon request.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. Additional investments into Regular, IRA, and Group accounts are $250 or higher.

6. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Natural Resources
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