Portfolio Holdings Listing Select Telecommunications Portfolio DUMMY as of August 31, 2021 The portfolio holdings listing (listing) provides information on a fund’s investments as of the date indicated. Top 10 holdings information (top 10 holdings) is also provided for certain equity and high income funds. The listing and top 10 holdings are not part of a fund’s annual/semiannual report or Form N-Q and have not been audited. The information provided in this listing and top 10 holdings may differ from a fund’s holdings disclosed in its annual/semiannual report and Form N-Q as follows, where applicable: With certain exceptions, the listing and top 10 holdings provide information on the direct holdings of a fund as well as a fund’s pro rata share of any securities and other investments held indirectly through investment in underlying non- money market Fidelity Central Funds. A fund’s pro rata share of the underlying holdings of any investment in high income and floating rate central funds is provided at a fund’s fiscal quarter end. For certain funds, direct holdings in high income or convertible securities are presented at a fund’s fiscal quarter end and are presented collectively for other periods. For the annual/semiannual report, a fund’s investments include trades executed through the end of the last business day of the period. This listing and the top 10 holdings include trades executed through the end of the prior business day. The listing includes any investment in derivative instruments, and excludes the value of any cash collateral held for securities on loan and a fund’s net other assets. Therefore, the holdings as a percent of fund net assets may not total to 100%. The presentation of investment holdings by category is similar to that used in other marketing materials. The fund’s holdings are consistent across all share classes. The top 10 holdings is presented to illustrate examples of the securities that the fund has bought and the diversity of the areas in which the fund may invest, may not be representative of the fund’s current or future investments, and may change at any time. The top 10 holdings do not include cash, cash equivalents, money market instruments, options, interest rate swaps, fixed income total return swaps and/or futures contracts. Depositary receipts, credit default swaps and equity total return swaps are normally combined with the underlying security. The most recent annual/semiannual report can be viewed at www.fidelity.com or www.institutional.fidelity.com. Forms N-Q are available on the SEC’s web site at www.sec.gov. Before investing, consider the fund’s investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully. 466719.7.0 TOP TEN HOLDINGS % of Net Security Name Market Value Assets Verizon Communications, Inc. $79,793,835 24.6% AT&T, Inc. $49,880,270 15.4% T-Mobile U.S., Inc. $23,077,456 7.1% Liberty Global PLC Class C $16,093,637 5.0% Iridium Communications, Inc. $15,574,539 4.8% Liberty Latin America Ltd. Class C $15,512,895 4.8% Cogent Communications Group, Inc. $15,222,857 4.7% Comcast Corp. Class A $14,557,132 4.5% Liberty Broadband Corp. Class C $13,894,424 4.3% Bandwidth, Inc. $8,818,530 2.7% Top Ten Holdings Total: $252,425,575 77.8% 466719.7.0 Fidelity Distributors Company, LLC 500 Salem Street Not Part of Annual or Semiannual Report Smithfield, RI 02917 2 FULL HOLDINGS LISTING % of Net Security Name Market Value Assets Ticker CUSIP ISIN SEDOL Domestic Equities Verizon Communications, Inc. $79,793,835 24.583% VZ 92343V104 US92343V1044 2090571 AT&T, Inc. $49,880,270 15.367% T 00206R102 US00206R1023 2831811 T-Mobile U.S., Inc. $23,077,456 7.110% TMUS 872590104 US8725901040 B94Q9V0 Liberty Global PLC Class C $16,093,637 4.958% LBTYK GB00B8W67B19 B8W67B1 Iridium Communications, Inc. $15,574,539 4.798% IRDM 46269C102 US46269C1027 B2QH310 Liberty Latin America Ltd. Class C $15,512,895 4.779% LILAK BMG9001E1286 BD9Q3Q6 Cogent Communications Group, Inc. $15,222,857 4.690% CCOI 19239V302 US19239V3024 B06RWD1 Comcast Corp. Class A $14,557,132 4.485% CMCSA 20030N101 US20030N1019 2044545 Liberty Broadband Corp. Class C $13,894,424 4.281% LBRDK 530307305 US5303073051 BRTLC06 Bandwidth, Inc. $8,818,530 2.717% BAND 05988J103 US05988J1034 BD3FZ18 Lumen Technologies, Inc. $7,856,010 2.420% LUMN 550241103 US5502411037 BMDH249 Telephone & Data Systems, Inc. $6,822,724 2.102% TDS 879433829 US8794338298 B6YR5K3 Gogo, Inc. $6,005,425 1.850% GOGO 38046C109 US38046C1099 BB2C2R1 Charter Communications, Inc. Class A $5,961,618 1.837% CHTR 16119P108 US16119P1084 BZ6VT82 U.S. Cellular Corp. $5,869,215 1.808% USM 911684108 US9116841084 2918996 Radius Global Infrastructure, Inc. $4,489,668 1.383% RADI 750481103 US7504811032 BMHZYY3 ATN International, Inc. $4,075,746 1.256% ATNI 00215F107 US00215F1075 BDC84D3 Dycom Industries, Inc. $3,977,424 1.225% DY 267475101 US2674751019 2289841 ORBCOMM, Inc. $3,729,068 1.149% ORBC 68555P100 US68555P1003 B19FR01 Vonage Holdings Corp. $3,592,271 1.107% VG 92886T201 US92886T2015 B15JLG1 EchoStar Holding Corp. Class A $2,632,500 0.811% SATS 278768106 US2787681061 B2NC471 Shenandoah Telecommunications Co. $2,580,981 0.795% SHEN 82312B106 US82312B1061 2676692 American Tower Corp. $2,512,662 0.774% AMT 03027X100 US03027X1000 B7FBFL2 RingCentral, Inc. $1,513,560 0.466% RNG 76680R206 US76680R2067 BDZCRX3 Amdocs Ltd. $1,332,619 0.411% DOX GB0022569080 2256908 Globalstar, Inc. $1,052,511 0.324% GSAT 378973408 US3789734080 B1GHPM8 Domestic Equities Total: $316,429,578 97.5% Developed Markets Millicom International Cellular SA $2,555,382 0.787% TIGO LU0038705702 2418128 466719.7.0 Fidelity Distributors Company, LLC 500 Salem Street Not Part of Annual or Semiannual Report Smithfield, RI 02917 3 % of Net Security Name Market Value Assets Ticker CUSIP ISIN SEDOL Developed Markets Total: $2,555,382 0.8% Emerging Markets Reliance Industries Ltd. $1,758,206 0.542% *RELID INE002A01018 6099626 Emerging Markets Total: $1,758,206 0.5% Cash and Other Securities Fidelity Cash Central Fund 0.06% $3,576,544 1.102% CF.TAXMM 31635A105 US31635A1051 Cash and Other Securities Total: $3,576,544 1.1% 466719.7.0 Fidelity Distributors Company, LLC 500 Salem Street Not Part of Annual or Semiannual Report Smithfield, RI 02917 4.