Fidelity Select Materials Portfolio (FMFTX)

This portfolio predominantly allocates its capital to common stocks. A significant portion, specifically no less than 80% of its assets, targets companies chiefly engaged in the creation, extraction, refinement, or supply of fundamental materials and partially finished products. This fund seeks out opportunities across both domestic and international markets. Investment choices are informed by a rigorous fundamental analysis, evaluating an issuer's financial stability, its competitive position in the industry, and overarching market and economic landscapes. It operates as a non-diversified investment vehicle.