Fidelity Select Defense & Aerospace Portfolio FSDAX NASDAQ

Fidelity Select Defense & Aerospace Portfolio is a mutual fund that invests primarily in common stocks of companies operating in the defense and aerospace industries. The fund allocates at least 80% of its assets to securities of companies engaged in the research, manufacture, or sale of defense or aerospace-related products and services, with exposure to both domestic and foreign issuers. Investment decisions are based on fundamental analysis, including assessment of each company's financial condition, industry position, and prevailing market and economic conditions. As a non-diversified fund, it may concentrate its holdings in a smaller number of securities compared to diversified funds.