April 6, 2020 BARRON’S•Funds Quarterly L
(^1) Lowest cost claim based on fund expense ratios only. FCOM expense ratio, 0.084%. Expense ratio is the total annual fund operating expense ratio from the fund’s most
recent prospectus.
(^2) Expense ratio data as of 3/29/2019. Based on a comparison of total expense ratios for U.S. communication services sector-level ETFs with similar holdings and investment objectives,
within the universe of 12 U.S. ETFs in the Morningstar Communications category.
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares
are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.
Zero minimums generally apply to Fidelity share classes that previously required investment minimums of $10k or less and for stock and bond index fund classes that previously had
minimums of up to $100 million. Some Fidelity mutual funds have minimum investment requirements. Other fees and expenses may apply to continued investment as described in
the fund’s current prospectus. See the fund’s prospectus for details.
As of 11/30/2018, this fund changed its name from Fidelity Select Telecommunication Services Portfolio.
(^3) Source: Standard & Poor’s, FactSet, as of June 30, 2018.
Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.
Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives,risks, charges, and
expenses. Contact Fidelity for a prospectus, an offering circular, or, if available, a summaryprospectus containing this information.
Read it carefully.
Fidelity Brokerage Services LLC, Member NYSE, SIPC. © 2019 FMR LLC. All rights reserved. 878349.1.
Invest in the future of search, social, and streaming video.
All in one place.
Fidelity.com/commservices
800.Fidelity or call your advisor
The Communication Services sector is now 10%
of the S&P 500^3 and includes big-name digital
companies that could be poised for growth.
Our Fidelity® Communication Services fund and
ETF can provide exposure to this growth potential.
FBMPXZero minimum to invest
Fidelity® Select Communication Services Portfolio
FCOMLowest-cost sector ETF in the industry1,
Fidelity® MSCI Communication Services ETF