Fund Description

The fund invests primarily in common stocks, normally allocating at least 80% of assets to securities of companies principally engaged in providing financial services to consumers and industry. Eligible issuers may include investment banks, brokerage and asset management firms, insurers, commercial banks, mortgage providers (including mortgage REITs), personal loan and consumer finance providers, credit agencies, stock exchanges, custody service providers, and reinsurers. Fidelity may determine a company's status based on business-related assets, income, sales, or profits, or third-party classifications. The fund may invest in domestic and foreign issuers and uses fundamental analysis of issuers and market and economic conditions.