Fidelity Natural Resources Fund

The fund typically allocates a minimum of 80% of its total assets to securities of companies primarily engaged in the ownership, development, or servicing of natural resources, alongside direct investments in precious metals. Its portfolio primarily consists of common stocks and specific precious metal commodities. The fund invests in both domestic and international issuers. Investment selections are made using fundamental analysis, which assesses factors such as an issuer's financial strength, industry position, and prevailing market and economic conditions. It operates as a non-diversified fund.