FAPJX
Fidelity Healthy Future Fund
Fidelity Summer Street Trust
Expense ratio1
1.30%
Net assets2
$14.54M
Holdings2
77
Category
International Equity
2025 return3
-4.71%

Investment objective & strategy

As of Oct. 30, 2025 · prospectus

Objective. Fidelity Healthy Future Fund seeks long-term growth of capital.

Strategy. Normally investing at least 80% of its assets in equity securities of companies that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes are working to: (i)extend and/or improve life expectancy, enhance health and wellness in people's lives, and/or (ii)mitigate environmental impacts affecting health and wellness, in each case through the products, services, or technology they provide. Such companies include those that (i)attribute 50% or more of their revenues to products focused on disease treatment, health care access, nutrition, fitness and wearables, clean emissions, dwelling-related property and casualty insurance, life and health insurance, or retirement financial security, or (ii)with respect to seeking to mitigate environmental impacts, those that are contained in the MSCI World Health & Wellness Select Index. … Normally investing at least 80% of its assets in equity securities of companies that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes are working to: (i)extend and/or improve life expectancy, enhance health and wellness in people's lives, and/or (ii)mitigate environmental impacts affecting health and wellness, in each case through the products, services, or technology they provide. Such companies include those that (i)attribute 50% or more of their revenues to products focused on disease treatment, health care access, nutrition, fitness and wearables, clean emissions, dwelling-related property and casualty insurance, life and health insurance, or retirement financial security, or (ii)with respect to seeking to mitigate environmental impacts, those that are contained in the MSCI World Health & Wellness Select Index. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Investing in securities of domestic and foreign issuers.Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.Employing sustainable investing exclusion criteria to avoid investments in issuers that are directly engaged in, and/or derive significant revenue from, certain industries. Please see "Fund Basics - Investment Details - Sustainable Investing Exclusions" for additional information.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $905.00K 6.23%
AIA Group Ltd $831.88K 5.72%
PROCTER & GAMBLE $698.29K 4.80%
TESLA INC $632.27K 4.35%
JOHNSON&JOHNSON $559.26K 3.85%
HITACHI LTD $446.80K 3.07%
WELLTOWER INC $411.57K 2.83%
GILEAD SCIENCES INC $382.98K 2.63%
CVS HEALTH CORP $376.03K 2.59%
UCB SA $356.32K 2.45%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
16
Exited
11
Increased
41
Decreased
14
Unchanged
6

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Fidelity Sustainable U.S. Equity Fund · FSEKX, FSEPX, FSEOX, FSEQX, FSEWX, FSEBX 25% 0.75%
Fidelity SAI Sustainable U.S. Equity Fund · FIDEX 25% 0.56%
Select Health Care Portfolio · FSPHX, FHCQX, FHCRX, FHCLX, FHCNX, FHCPX 24% 0.55%
View all similar funds →

Advisers

As of April 30, 2025 · N-CEN
FirmRole
FMR Investment Management (UK) Limited Sub-adviser
Fidelity Management & Research (Japan) Limited Sub-adviser
Fidelity Management & Research (Hong Kong) Limited Sub-adviser
Fidelity Management & Research Company LLC Adviser

Footnotes

  1. Expense ratio as of October 30, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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