Fidelity Select Defense & Aerospace Portfolio

This investment vehicle predominantly allocates its capital to common equities. A substantial portion of its assets, at least 80%, is dedicated to companies primarily involved in the development, production, or distribution of goods and services for the defense or aerospace sectors. The fund's investments span both domestic and international entities. Investment decisions are guided by a rigorous fundamental analysis, evaluating factors such as an issuer's financial health, its competitive standing, and prevailing market and economic conditions. It is structured as a non-diversified portfolio.