Fidelity Select Consumer Staples Portfolio

The primary objective of this investment vehicle is to achieve significant capital appreciation. It allocates a substantial portion—at least 80%—of its assets to companies primarily involved in the production, marketing, or distribution of consumer staples products. Investments may include both domestic and international entities. Investment decisions are guided by a thorough fundamental analysis, evaluating factors such as the financial health and competitive standing of individual companies, alongside prevailing market and economic dynamics. The portfolio principally comprises common equities. Notably, the fund operates as a non-diversified investment.