Fidelity Select Wireless  FWRLX
  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?
   Large
   Growth
  
  
As of 2009-09-30
Day Change
$ -0.04
  
NAV (2009-11-10)
$ 6.46
  
YTD Return % (2009-11-10)
50.58%
  
Total Assets ($ mil)
327
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fidelity Select Wireless
(from 2000-09-21 to 2009-10-31) Category: Communications
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 2000-09-21 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 50.35 95.38 -0.49 4.98 --- -4.22
+/- Category 22.87 67.10 10.15 6.75 --- ---
+/- S&P 500 TR 26.83 46.58 5.41 4.30 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 51.75 14.29 1.36 7.20 --- -3.49
Month-End (as of 2009-10-31) 41.26 35.75 -1.77 4.40 --- -4.22
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 35.06 -2.14 3.97 --- ---
On Distribution & Sale of Shares --- 23.09 -1.61 3.72 --- ---
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 none, 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 98.97
Software 5.05
Hardware 12.04
Media 0.00
Telecommunications 81.88
Service 1.03
Healthcare 0.00
Consumer Services 1.00
Business Services 0.03
Financial Services 0.00
Manufacturing 0.00
Consumer Goods 0.00
Industrial Materials 0.00
Energy 0.00
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 0.0
Stocks 100.0
Bonds 0.0
Other 0.0
Foreign Stocks 42.2
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 58 Turnover % 191
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 54.52 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Sprint Nextel Corporation --- 105.46 8.02
China United Telecommunications Corporation Limited ADR 30.86 13.39 7.93
Motorola, Inc. --- 86.91 6.78
Qualcomm, Inc. 21.79 27.27 6.01
Vodafone Group PLC ADR 10.52 13.86 5.68
American Tower Corporation A 50.51 38.61 5.26
Starent Networks Corporation 14.56 188.35 4.20
Gameloft --- --- 3.89
Millicom International Cellular 9.02 66.82 3.46
NII Holdings, Inc. 8.50 59.63 3.29
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2000-09-21
Portfolio Manager  (Start Date)
Gavin Baker  (2007-03-01)
Baker joined Fidelity in 1999 as an equity research analyst following companies in the cement and building materials industries. He subsequently followed the semiconductor industry. In 2002, Baker began following the pharmaceutical sector, and managed Fidelity Select Pharmaceuticals Portfolio from 2002 to 2005. He then started following large- cap consumer stocks before assuming — in 2006 —the role of diversified analyst working with the large– cap growth group. Baker most recently began serving as sector leader of the telecom and utilities equity research group.
Kyle Weaver  (2009-07-01)
Kyle Weaver is manager of IT Services, which he has managed since February 2009. Prior to joining Fidelity Investments in May 2008 as a research analyst, Mr. Weaver was a research analyst and portfolio manager for RiverSource Investments, LLC, covering the IT Services, Consumer Retail and Telecommunications sectors since 2002.
Sales Charge %
(taken from prospectus dated 2009-04-29)
Front: None
Deferred: None
Expense Ratio % 0.94
based on net assets
(taken from annual report dated 2009-02-28)
Correspondence Information
82 Devonshire St

Boston,  MA  02109
United States
Telephone:
800-544-8544
617-563-1413
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.