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Wireless


Fidelity Select Wireless fund is a non-diversified fund that seeks capital appreciation through it’s investment. The fund primarily invests in common stock. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in activities related to wireless communications services or products. The fund's management uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments. The fund invests in both domestic and foreign issuers. The initial minimal investment is set at 2,500 dollars and subsequent investments at a minimum of 100 dollars and multiples there of.
 
The Wireless Fund seeks long-term growth of capital. The fund invests at least 65 percent of its assets in the securities of companies engaged in the development, production or distribution of wireless related products or services. This fund is non-diversified. The minimal initial investment is set at 5,000  dollars and the minimum subsequent investment is set at 100 dollars.
 
The Wireless Fund is a no-load mutual fund dedicated to the wireless industry.  Companies that are candidates for the Fund include, but are no limited to communication services; communication equipment;  software and programming;  computer hardware; peripherals; storage devices;  semiconductors; and data  networking for the wireless industry.   The Fund may invest in both small and large companies, without regard to their size.
 
The Wireless Fund concentrates its investments in the wireless industry. The Fund is therefore subject to greater risk and volatility than a more diversified fund. Potential investors should be aware that an investment in Wireless Fund does not, by itself, constitute a balanced portfolio and would not be appropriate if your key goal is preservation of capital.
 
Investors are advised not to pay too much attention to the top-performing funds over the past 12 months. Recent performance does not necessarily mean they will always out perform other mutual funds. It is the successful long term mutual funds performance and consistency that you should pay close attention to. You should also watch the annual fees or charges for the mutual funds investment. In general, you don't want to choose a high-expense fund if there is an equally attractive fund with lower expenses.
 

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