Fidelity Select Consumer Staples Portfolio Q1 2025 Review

2025-05-07 09:40:00 ET

Summary

• For the quarter, Fidelity Select Consumer Staples Portfolio's Retail Class shares gained 0.65%, lagging the 4.11% advance of the MSCI U.S. IMI Consumer Staples 25/50 Index.
• Fidelity® Select Consumer Staples Portfolio is a sector-based, equity-focused strategy that seeks to outperform its benchmark through active management.
• The consumer staples sector gained 4.11% in the first quarter, according to the MSCI U.S. IMI Consumer Staples 25/50 Index.

Investment Approach

• Fidelity® Select Consumer Staples Portfolio is a sector-based, equity-focused strategy that seeks to outperform its benchmark through active management.
• Our core philosophy is that stock prices follow earnings and returns over the long term. We look for durable franchises capable of compounding value and delivering above-average earnings growth over time.
• Investment opportunities arise when there is a differentiated view with regard to the long-term earnings power of a company. We focus on stocks where the market underestimates the magnitude or duration of growth and the valuation is attractive.
• Fundamental research is key to our approach, as we build the portfolio stock by stock and take a multiyear investment perspective to get a differentiated view on long-term performance drivers. We also look to capitalize on short-term market opportunities, with the goal of optimizing risk-adjusted returns for shareholders.
• Sector strategies could be used by investors as alternatives to individual stocks for either tactical- or strategic-allocation purposes.

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