Fidelity Disruptive Communications Fund Overview

Normally the fund invests at least 80% of assets in securities of disruptive communications companies. Normally it invests primarily in equity securities. Companies within the disruptive communications theme include but are not limited to those companies that, in the Adviser's opinion, are engaged in social media, next generation digital infrastructure, and connected devices (e.g., 5G communications, cloud networking). The fund is non-diversified.