FSAGX

About FSAGX

Fidelity Select Gold Portfolio is an actively managed mutual fund that focuses on investments in companies primarily engaged in gold-related activities. Its central purpose is to seek capital appreciation by investing at least 80% of assets in securities of firms involved in gold exploration, mining, processing, or dealing, as well as in gold bullion and coins. Additionally, the fund can allocate up to 25% of its assets to gold and other precious metals, including silver and platinum, through a wholly-owned subsidiary. Most holdings are in common stocks of companies operating globally in the basic materials sector, with a significant portion of assets concentrated in a relatively small number of positions. The fund is non-diversified, allowing for focused exposure to the gold and precious metals industry, and serves investors seeking targeted access to trends in the global metals markets, particularly those linked to gold production and price dynamics. Fidelity Select Gold Portfolio plays a specialized role by offering direct participation in the performance of gold-related equities and, to a lesser degree, the underlying physical metals themselves.