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Communications Category	Glossary

Sharpe Ratio as of 09/30/2009. All other data as of 10/31/2009.

Performance  |  Loads and Fees  |  Volatility  |  Profile

			Select the fund name to view quarter-end returns,   risk, and fee information.
Fund Name/ Symbol/ Current Investment Style1 Total Net Assets ($M) Manager Tenure (yrs) Portfolio Turnover % Aggregate Top 10 Holdings % Fiscal Year End   Top-performing Fidelity funds (up to 5) Fidelity Select Wireless FWRLX Large-Cap Growth 327.00 3 H:191.00 54.52 Feb Trade Fidelity Select Telecommunications FSTCX Large-Cap Value 267.40 0 H:168.00 64.95 Feb Trade Fidelity Select Communications Equip FSDCX Mid-Cap Growth 339.80 7 H:120.00 49.57 Feb Trade Top-performing funds (up to 5 NTFs only) GAMCO Global Telecommunications AAA GABTX Large-Cap Value 148.30 15 L:3.00 35.96 Dec Trade Fidelity Select Wireless FWRLX Large-Cap Growth 327.00 3 H:191.00 54.52 Feb Trade Fidelity Select Telecommunications FSTCX Large-Cap Value 267.40 0 H:168.00 64.95 Feb Trade Fidelity Select Communications Equip FSDCX Mid-Cap Growth 339.80 7 H:120.00 49.57 Feb Trade
			No Transaction Fee

The NTF symbol indicates that the fund is available without paying a transaction fee to Fidelity. See the Glossary for more information on No Transaction Fee Funds.

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