Fidelity Select Automotive Portfolio

The fund typically allocates a minimum of 80% of its portfolio assets to firms primarily engaged across the automotive industry. This encompasses businesses involved in the production, distribution, or sale of a wide range of automotive products, such as passenger cars, trucks, specialized vehicles, components, tires, and associated services. While primarily investing in common stocks, its holdings span both domestic and international issuers. Investment selections are driven by fundamental analysis, scrutinizing aspects like an issuer's financial strength, its competitive position within the industry, and prevailing market and economic circumstances. It operates as a non-diversified fund.