About FSCHX
Fidelity Select Chemicals Portfolio is a sector-focused equity mutual fund that primarily seeks capital appreciation by investing at least 80% of its assets in the securities of companies operating within the chemicals industry. This fund targets firms involved in the production, marketing, or distribution of chemical products, including specialty chemicals, basic chemicals, and related chemical-based goods. Its portfolio typically features a concentrated allocation among major industry leaders, such as Linde, Sherwin-Williams, and Air Products & Chemicals, resulting in a significant portion of assets being held in its top ten positions.
As a non-diversified fund, Fidelity Select Chemicals Portfolio has the flexibility to invest a greater portion of its assets in a smaller number of issuers compared to diversified funds, magnifying both potential risks and opportunities. The fund is classified by Morningstar in the Natural Resources category, reflecting its focus within the broader commodities and materials sector. Its performance is influenced by trends in industrial demand, raw material prices, and global economic cycles, making it a specialized option for gaining exposure to the chemicals industry within the U.S. and, occasionally, internationally. The fund is managed by Fidelity Investments and is suitable for investors seeking targeted participation in this vital segment of the global economy.
Fund Family Fidelity
Category Natural Resources
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FSCHX
Index S&P 500 TR
FSCHX had a total return of 8.54% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.65%.
