Fidelity Advisor Communications Equip T  FDMTX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Communications Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Medium
   Growth
  
  
As of 2009-09-30
Day Change
$ -0.06
  
NAV (2009-11-20)
$ 7.63
  
YTD Return % (2009-11-20)
71.46%
  
Total Assets ($ mil)
13
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fidelity Advisor Communications Equip T
(from 2000-12-27 to 2009-10-31) Category: Communications
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2000-12-27 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 71.46 107.90 -2.11 0.71 --- -3.31
+/- Category 43.98 79.62 8.53 2.48 --- ---
+/- S&P 500 TR 47.94 59.10 3.79 0.03 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 69.15 17.24 -1.54 3.11 --- -3.03
Month-End (as of 2009-10-31) 58.74 42.42 -3.85 0.10 --- -3.70
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 42.42 -3.91 0.06 --- ---
On Distribution & Sale of Shares --- 27.57 -3.23 0.09 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 33 funds), (5 yrs : out of 32 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 3.50%, the maximum deferred sales fee is none, and the maximum redemption sales fee is 0.75%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 99.22
Software 4.52
Hardware 52.70
Media 0.70
Telecommunications 41.30
Service 0.53
Healthcare 0.00
Consumer Services 0.05
Business Services 0.48
Financial Services 0.00
Manufacturing 0.25
Consumer Goods 0.22
Industrial Materials 0.03
Energy 0.00
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 3.8
Stocks 96.1
Bonds 0.0
Other 0.1
Foreign Stocks 10.2
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 115 Turnover % 97
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 46.63 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Cisco Systems, Inc. 12.30 43.93 14.85
Qualcomm, Inc. 21.79 27.27 6.24
Juniper Networks, Inc. 18.83 43.92 4.93
Starent Networks Corporation 14.56 188.35 3.26
Polycom, Inc. 15.53 64.54 3.24
F5 Networks, Inc. 25.71 105.21 2.87
Motorola, Inc. --- 86.91 2.86
Tekelec 18.80 7.80 2.85
Riverbed Technology, Inc. 81.30 85.43 2.83
Adtran 12.20 48.86 2.70
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2000-12-27
Portfolio Manager  (Start Date)
Charlie Chai  (2003-05-01)
Charlie Chai is manager of Advisor Communications Equipment Fund and Advisor Technology Fund, which he has managed since May 2003 and January 2005, respectively. He also manages other Fidelity funds. Since joining Fidelity Investments in 1997, Mr. Chai has worked as a research analyst and portfolio manager.
Sales Charge %
(taken from prospectus dated 2009-10-09)
Front: 3.50
Deferred: None
Expense Ratio % 1.65
based on net assets
(taken from annual report dated 2009-07-31)
Correspondence Information
82 Devonshire St
Mailzone Z1c
Boston,  MA  02110
United States
Telephone:
877-208-0098
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.