Fidelity Select Software & IT Services Portfolio

This fund primarily allocates its capital to common stocks. A significant portion—at least 80% of its assets—is dedicated to companies actively involved in the development, engineering, production, or distribution of software and information technology (IT) services. Its investments are not limited by geography, encompassing both domestic and international issuers. To identify suitable opportunities, the fund employs a rigorous fundamental analysis. This involves scrutinizing factors like each company's financial health, its competitive standing within its industry, and the broader economic and market conditions. Notably, this fund operates as a non-diversified portfolio.