Fidelity Select Transportation Portfolio

This fund predominantly invests in common stocks, with a strict mandate to allocate at least 80% of its assets to companies operating within the transportation sector. This encompasses businesses directly involved in transportation services, as well as those engaged in the design, manufacture, distribution, or sale of transport-related equipment. Its portfolio is geographically broad, including both domestic and international issuers. Investment decisions are grounded in a thorough fundamental analysis, scrutinizing aspects such as the financial strength and industry position of individual companies, alongside prevailing market and economic conditions. It's important to note that the fund operates on a non-diversified basis.