-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, TOUBIBcJAT1zY6zdDYi/R65O2HnlxR++0fi3ap0uJ1ou159q+gDPpoLhGcv6YocW lNbqd3ISC8SBqVKvon2ODw== 0000035315-94-000015.txt : 19940804 0000035315-94-000015.hdr.sgml : 19940804 ACCESSION NUMBER: 0000035315-94-000015 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 STANDARD INDUSTRIAL CLASSIFICATION: 0000 IRS NUMBER: 042732797 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-69972 FILM NUMBER: 94541367 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174391263 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAILZONE ZH-1 CITY: BOSTON STATE: MA ZIP: 02109 497 1 SUPPLEMENT TO THE FIDELITY SELECT PORTFOLIOS(registered trademark) PROSPECTUS DATED APRIL 30, 1994 Effective August 3, 1994, Select Utilities Portfolio will change its name to Select Utilities Growth Portfolio. Effective May 16, 1994 the following information replaces the discussion of portfolio manager Richard Patton and supplements the information regarding Brenda Reed found in the "FMR AND ITS AFFILIATEs" section on page P-35. BRENDA REED has been portfolio manager of Automotive since May 1994 and portfolio manager of Air Transportation since December 1992. She joined the company in 1992 as an equity analyst following the apparel and textile industries. Previously, she was an equity analyst at the Putnam Companies and vice president of New England Research and Management. Reed received an M.B.A. from Dartmouth College in 1992, and a B.S. in financial management from Boston University in 1989. SEL - 94 - 2 August 3, 1994 SUPPLEMENT TO THE FIDELITY SELECT PORTFOLIOS(registered trademark) PROSPECTUS DATED APRIL 30, 1994 Effective August 3, 1994, Select Utilities Portfolio will change its name to Select Utilities Growth Portfolio. Effective May 16, 1994 the following information replaces the discussion of portfolio manager Richard Patton and supplements the information regarding Brenda Reed found in the "FMR AND ITS AFFILIATEs" section on page P-35. BRENDA REED has been portfolio manager of Automotive since May 1994 and portfolio manager of Air Transportation since December 1992. She joined the company in 1992 as an equity analyst following the apparel and textile industries. Previously, she was an equity analyst at the Putnam Companies and vice president of New England Research and Management. Reed received an M.B.A. from Dartmouth College in 1992, and a B.S. in financial management from Boston University in 1989. SEL - 94 - 2 August 3, 1994 FIDELITY SELECT PORTFOLIOS(registered trademark) Supplement to the Statement of Additional Information dated April 30, 1994 Effective August 3, 1994, Select Utilities Portfolio will change its name to Select Utilities Growth Portfolio. MANAGEMENT CONTRACT. Effective August 1, 1994, FMR agreed to voluntarily adopt the revised group fee rate schedule shown below for purposes of calculating the group fee component of the management fee. The revised schedule provides for lower management fees as total assets under management increase, and it will be presented to shareholders for approval at the next shareholder meeting. The following information replaces the "Group Fee Rate" and "Effective Annual Fee Rate" schedules found on page 42. GROUP FEE RATE SCHEDULE EFFECTIVE ANNUAL FEE RATES
Average Group Annualized Group Net Effective Annual Fee Assets Rate Assets Rate
0 - $ 3 billion .520% $ 0.5 billion .5200% 3 - 6 .490 25 .4238 6 - 9 .460 50 .3823 9 - 12 .430 75 .3626 12 - 15 .400 100 .3512 15 - 18 .385 125 .3430 18 - 21 .370 150 .3371 21 - 24 .360 175 .3325 24 - 30 .350 200 .3284 30 - 36 .345 225 . 3249 36 - 42 .340 250 . 3219 42 - 48 .335 275 . 3190 48 - 66 .325 300 . 3163 66 - 84 .320 325 . 3137 84 - 102 .315 350 . 3113 102 - 138 .310 375 . 3090 138 - 174 .305 400 . 3067 174 - 210 .300 210 - 246 . 295 246 - 282 . 290 282 - 318 . 285 318 - 354 . 280 354 - 390 . 275 Over 390 . 270 SELB-94-1 August 1994 -----END PRIVACY-ENHANCED MESSAGE-----