FIDELITY ® SELECT ENERGY PORTFOLIO (FSENX) Simon Gorski

Fund Objective & Strategy  The fund seeks capital appreciation.  Investing primarily in companies in the energy field, including the conventional areas of oil, gas, electricity and coal, and newer sources of energy such as nuclear, geothermal, oil shale and solar power.  Normally investing at least 80% of assets in securities of companies principally engaged in these activities.

Fund History & Information FFund Inception: July 14 th, 1981 FFund Manager: John P. Dowd since July 1 st, 2006 IInvestment Adviser: Fidelity SelectCo, LLC MMinimum Amount to Invest: $2, NNumber of Shares $$10,000 / $43.62(Initial NAV) 229 Shares

Risk, Rating, Return

Equity Style Chart  Fund invests in companies with market values greater than $10 billion.  Value managers are generally more interested in getting a company's stock for a good price; they purchase stocks of companies that are currently out of favor with the market, believing that the stock is a good value for the price.

Top Ten Holdings 1 Exxon Mobil Corp11.71% 2 Schlumberger NV8.04% 3 EOG Resources Inc.6.53% 4 Chevron Corp5.59% 5 Anadarko Petroleum Corp4.76% 6 Baker Hughes Inc.4.24% 7 Cimarex Energy Co4.12% 8 Noble Energy Inc.3.36% 9 Pioneer Natural Resources Co3.11% 10 Kinder Morgan, Inc.2.86%  Percentage of Portfolio: 54.28%

Asset Allocation  Domestic Equities:93.83%  International Equities:4.98%  Developed Markets:4.89%  Emerging Markets:0.09%  Bonds:0.00%  Cash & Other Net Assets:1.19%

Asset Allocation Chart

Regional Diversification

Fund Performance  YTD:+5.24%  1 Year:-12.30%  3 Year:+5.58%  5 Year:+6.36%  10 Year:+7.93%

Fund Performance Graph

Historical Rate of Return  A = P (1+ r/n) nt  P = $10,000 t = 10, 20, 30, 40, 50 r = 8.95%  A = 10,000 ( ) 10 A = $23,  A = 10,000 ( ) 20 A = $55,532.18

Historical Rate of Return  A = 10,000 ( ) 30 A = $130,  A = 10,000 ( ) 40 A = $308,  A = 10,000 ( ) 50 A = $726,710.99

Historical Rate of Return

Personal Rate of Return  Initial NAV Price:$43.62(Jan. 15 th )  Final NAV Price: $47.07(May 15 th )  P.R.R. = (Final NAV – Initial NAV ) / Initial NAV x 100  P.R.R = (47.07 – 43.62) ÷ x 100  P.R.R. = 7.91%

Annualized Rate of Return  P.R.R. = 7.91%  A.R.R. = (7.91 x 12/5)  A.R.R. = 18.98%

Exponential Growth  A = P (1+ r/n) nt  P = $10,000 r = n = 1 t = 10, 20, 30, 40, 50  A = 10,000 ( ) 10 A = $56,  A = 10,000 ( ) 20 A = $323,  A = 10,000 ( ) 30 A = $1,837,464.42

Exponential Growth  A = 10,000 ( ) 40 A = $10,446,  A = 10,000 ( ) 50 A = $59,387,935.67

Exponential Growth Chart

Historical vs. Annualized Rate of Return

Conclusion  I would recommend this fund if you are willing to take the risk in exchange for a higher reward.  This fund is perfect for retirement, as the expected growth of the $10,000 increases greatly.  Investing more money earlier into the fund will yield a higher profit later on.