Replies to post #27 on Fidelity Select Funds

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Fidelity Select Medical Delivery (FSHCX)

The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in the ownership or management of hospitals, nursing homes, health maintenance organizations, and other companies specializing in the delivery of health care services. It may invest in securities of foreign issuers. The fund is nondiversified. [overview from MSN]

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Fidelity Select Materials (FSDPX)

The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods. These materials and goods may include, for example, chemicals, metals, textiles, wood products, cement, and gypsum. It may invest in securities of foreign issuers. The fund is nondiversified.