FSMEX

About FSMEX

Fidelity Select Medical Technology and Devices Portfolio is an equity mutual fund focused on the medical technology and devices sector. Its primary goal is capital appreciation by investing at least 80% of its assets in companies that are principally engaged in the research, development, manufacture, distribution, or sale of medical equipment and related technologies. The fund employs an active management strategy, anchored in rigorous, bottom-up fundamental analysis performed by Fidelity’s dedicated health care investment team. Key areas of evaluation include free cash flow, capital allocation, market opportunities, and the potential for sustainable long-term growth. The portfolio is diversified within the health care equipment and technology industry, featuring holdings in leading innovators such as Danaher, Boston Scientific, and Thermo Fisher Scientific. By concentrating investments in companies with strong growth prospects and disruptive technologies, the fund plays a significant role in providing targeted exposure to the evolving healthcare technology space, which is critical to modern health care delivery and advancement.