Fidelity Select Fundranker

Fundranker Blog—Environmental Name Change

Environmental Name Change

As of July 1, 2010, the Select Environmental Portfolio was renamed the Select Environment & Alternative Energy Portfolio. The investment strategy of the fund changed somewhat, as well:

Before July 1, 2010, the fund’s investment strategy was normally to invest at least 80% of assets in securities of companies principally engaged in the research, development, manufacture, or distribution of products, processes, or services related to waste management, pollution control or reduction, conservation, improving the environment or other environmental concerns.

Effective July 1, 2010, the fund’s investment strategy now is normally to invest at least 80% of assets in securities of companies principally engaged in business activities related to alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies, or other environmental support services.

Posted 8/4/10 10:42pm ET in Fidelity Investments

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