The fund normally invests at least 80% of assets in securities of companies principally engaged in the development, production, or distribution of communication services. It invests in domestic and foreign issuers. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. It invests primarily in common stocks.

Nasdaq

FBMPX

The fund normally invests at least 80% of assets in securities of companies principally engaged in the development, production, or distribution of communication services. It invests in domestic and foreign issuers. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. It invests primarily in common stocks. The fund is non-diversified.

FGDMX

The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in the development, production, or distribution of communication services. It invests in domestic and foreign issuers. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. It invests primarily in common stocks. The fund is non-diversified.

FGEMX

FGHMX

FGJMX

FGKMX

The fund invests primarily in common stocks. It normally investing at least 80% of assets in securities of companies principally engaged in the development, production, or distribution of telecommunications services. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FSTCX

The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies principally engaged in activities relating to wireless communications services or products. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FWRLX

The investment seeks to provide investors with appreciation of capital; current income is a secondary objective. The fund will invest its net assets in common stocks of companies in the telecommunications, media, and information technology industries that the adviser believes are likely to have rapid growth in revenues and earnings and potential for above average capital appreciation or are undervalued. It invests in securities of issuers, or related investments thereof, located in at least three countries, and at least 40% of the fund's total net assets is invested in securities of non-U.S. issuers or related investments thereof.

GABTX

Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in the media industry. The current investable universe includes U.S. and non-U.S. listed companies in all capitalization ranges in the media industry. The Adviser will weight these securities utilizing factors including, but not limited to the attractiveness of a security's valuation and the potential for a catalyst or event that might surface underlying value in a particular security. It is non-diversified.

MOGLX

The investment seeks to provide long-term capital growth. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in securities of communications and technology companies. The portfolio manager may use both growth and value approaches to stock selection. The fund's portfolio may hold stocks of either U.S. or non-U.S. companies, and may at times consist of a relatively small number of holdings. It is non-diversified.

PRMTX

The fund invests substantially all (at least 80%) of its net assets in equity securities of Telecommunications Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Telecommunications Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Telecommunications Companies and U.S. government securities. It is non-diversified.

RYMIX

The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes (measured at the time of investment), in securities of companies in the communications field. It normally focuses on the securities of U.S. and foreign companies that are engaged in the research, development, manufacture or sale of communications services, technology, equipment or products. The fund may invest in common stocks and other dividend or interest paying securities, such as convertible securities (both preferred stocks and bonds), bonds and short-term cash equivalents. It is non-diversified.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
FBMPX	Fidelity Select Communication Services Portfolio	Communications Equities	Jun 29, 1986	0.74%	12.71%	10.79%	2.68%
FGDMX	Fidelity Advisor Communication Services Class A	Communications Equities	Nov 30, 2018	1.03%	12.50%	—	2.72%
FGEMX	Fidelity Advisor Communication Services Class M	Communications Equities	Nov 30, 2018	1.27%	12.31%	—	2.76%
FGHMX	Fidelity Advisor Communication Services Class C	Communications Equities	Nov 30, 2018	1.78%	11.93%	—	2.83%
FGJMX	Fidelity Advisor Communication Services Class I	Communications Equities	Nov 30, 2018	0.75%	12.70%	—	2.68%
FGKMX	Fidelity Advisor Communication Services Class Z	Communications Equities	Nov 30, 2018	0.62%	12.80%	—	2.66%
FSTCX	Fidelity Select Telecommunications Portfolio	Communications Equities	Jul 28, 1985	0.79%	14.30%	5.42%	2.34%
FWRLX	Fidelity Select Wireless Portfolio	Communications Equities	Sep 20, 2000	0.77%	11.91%	10.88%	5.30%
GABTX	Gabelli Global Content & Connectivity Fund	Communications Equities	Oct 31, 1993	0.96%	14.83%	3.26%	0.28%
MOGLX	Gabelli Media Mogul Fund	Communications Equities	Nov 30, 2016	0.90%	-5.38%	—	0.98%
PRMTX	T. Rowe Price Communications & Technology Fund	Communications Equities	Oct 12, 1993	0.77%	17.27%	12.97%	6.60%
RYMIX	Rydex Telecommunications Fund	Communications Equities	Mar 31, 1998	1.36%	6.65%	2.17%	1.46%
TISHX	DWS Communications Fund	Communications Equities	Jan 17, 1984	1.58%	17.84%	6.57%	0.00%

The Best Communications Equities Mutual Funds

Risk vs. Return Scatterplot