For the quarter, Fidelity OTC Portfolio fund's Retail Class shares returned -3.79%, topping the -6.96% return of the benchmark, the NASDAQ Composite Index.
Energy (+31%) was the top-performing sector in the benchmark, by far, although only a small part of it.
Security selection in technology and industrials provided the biggest boost to performance versus the benchmark.
A large underweight in the consumer staples sector meaningfully detracted, along with stock picking in communication services and health care.
Mohamad Faizal Bin Ramli/iStock via Getty Images
Investment Approach
Fidelity® OTC Portfolio invests primarily in dynamic growth companies listed on the Nasdaq stock exchange.
Our investment approach focuses on companies we believe have above-average earnings growth potential with sustainable
