FSRPX focuses on retail stocks, investing chiefly in firms supplying goods/services to consumers, like department stores and e-tailers. With a policy of allocating 80% to this sector, the fund gauges engagement via assets, income, or external classifications. From Dec 11, 2025, it will include derivatives fitting its objectives and risks. The fund uses fundamental analysis to pick stocks, considering the macro-economy and industry dynamics, and invests globally, capturing shifts in consumer spending and retail trends.