0000320351-15-000315.txt : 20150929 0000320351-15-000315.hdr.sgml : 20150929 20150929112730 ACCESSION NUMBER: 0000320351-15-000315 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20150731 FILED AS OF DATE: 20150929 DATE AS OF CHANGE: 20150929 EFFECTIVENESS DATE: 20150929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-03114 FILM NUMBER: 151129331 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0000320351 S000039313 Fidelity Real Estate Investment Portfolio C000121124 Fidelity Real Estate Investment Portfolio FRESX 0000320351 S000039314 Fidelity International Real Estate Fund C000121125 Fidelity Advisor International Real Estate Fund: Class A FIRAX C000121126 Fidelity Advisor International Real Estate Fund: Class B FIRBX C000121127 Fidelity Advisor International Real Estate Fund: Class C FIRCX C000121128 Fidelity Advisor International Real Estate Fund: Class T FIRTX C000121129 Fidelity International Real Estate Fund FIREX C000121130 Fidelity Advisor International Real Estate Fund: Class I FIRIX NSAR-B 1 answer03114.fil ANSWER LETTER PAGE 1 000 B000000 07/31/2015 000 C000000 0000320351 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 FIDELITY SELECT PORTFOLIOS 001 B000000 811-03114 001 C000000 6037917481 002 A000000 245 SUMMER STREET 002 B000000 BOSTON 002 C000000 MA 002 D010000 02210 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 2 007 C014900 49 007 C024900 Fidelity Real Estate Investment Portfolio 007 C034900 N 007 C015000 50 007 C025000 Fidelity International Real Estate Fund 007 C035000 N 008 A004901 FIDELITY SELECTCO, LLC 008 B004901 A 008 C004901 801-77635 008 D014901 DENVER 008 D024901 CO 008 D034901 80202 008 A004902 FMR CO., INC. (FMRC) 008 B004902 S 008 C004902 801-3447 008 D014902 BOSTON 008 D024902 MA 008 D034902 02210 008 A004903 FMR INVESTMENT MANAGEMENT (U.K.) LIMITED 008 B004903 S 008 C004903 801-28773 008 D014903 BOSTON 008 D024903 MA 008 D034903 02210 008 A004904 FIDELITY MANAGEMENT & RESEARCH (JAPAN) LTD 008 B004904 S 008 C004904 801-69571 008 D014904 BOSTON 008 D024904 MA PAGE 2 008 D034904 02210 008 A004905 FIDELITY MANAGEMENT & RESEARCH (HONG KONG)LTD 008 B004905 S 008 C004905 801-69507 008 D014905 HONG KONG 008 D054905 HONG KONG, SAR 008 A005001 FIDELITY SELECTCO, LLC 008 B005001 A 008 C005001 801-77635 008 D015001 DENVER 008 D025001 CO 008 D035001 80202 008 A005002 FMR CO., INC. (FMRC) 008 B005002 S 008 C005002 801-3447 008 D015002 BOSTON 008 D025002 MA 008 D035002 02210 008 A005003 FMR INVESTMENT MANAGEMENT (U.K.) LIMITED 008 B005003 S 008 C005003 801-28773 008 D015003 BOSTON 008 D025003 MA 008 D035003 02210 008 A005004 FIL INVESTMENTS (JAPAN) LIMITED (FIJ) 008 B005004 S 008 C005004 801-45731 008 D015004 TOKYO 008 D055004 JAPAN 008 A005005 FIL INVESTMENT ADVISORS 008 B005005 S 008 C005005 801-21347 008 D015005 PEMBROKE 008 D055005 BERMUDA 008 A005006 FIL INVESTMENT ADVISORS (UK) LIMITED 008 B005006 S 008 C005006 801-23620 008 D015006 HILDENBOROUGH 008 D055006 UNITED KINGDOM 008 A005007 FIDELITY MANAGEMENT & RESEARCH (HONG KONG)LTD 008 B005007 S 008 C005007 801-69507 008 D015007 HONG KONG 008 D055007 HONG KONG, SAR 008 A005008 FIDELITY MANAGEMENT & RESEARCH (JAPAN) LTD 008 B005008 S 008 C005008 801-69571 008 D015008 BOSTON 008 D025008 MA 008 D035008 02210 011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION PAGE 3 011 B00AA01 8-8775 011 C01AA01 SMITHFIELD 011 C02AA01 RI 011 C03AA01 02917 012 A00AA01 FIDELITY INVESTMENTS INSTIT. OPERATIONS CO. 012 B00AA01 84-1839 012 C01AA01 BOSTON 012 C02AA01 MA 012 C03AA01 02210 013 A00AA01 DELOITTE & TOUCHE LLP 013 B01AA01 BOSTON 013 B02AA01 MA 013 B03AA01 02116 014 A00AA01 FIDELITY DISTRIBUTORS CORPORATION 014 B00AA01 8-8775 014 A00AA02 FIDELITY BROKERAGE SERVICES LLC 014 B00AA02 8-23292 014 A00AA03 NATIONAL FINANCIAL SERVICES LLC 014 B00AA03 8-26740 014 A00AA04 FIDELITY INVESTMENTS CANADA LTD. 014 B00AA04 8-0000 014 A00AA05 FIDELITY BROKERAGE SERVICES JAPAN LLC 014 B00AA05 8-00000 015 A004901 BROWN BROTHERS HARRIMAN & CO. 015 B004901 C 015 C014901 BOSTON 015 C024901 MA 015 C034901 02109 015 E014901 X 015 A004902 JPMORGAN CHASE AND CO. 015 B004902 C 015 C014902 NEW YORK 015 C024902 NY 015 C034902 10022 015 E014902 X 015 A004903 BROWN BROTHERS HARRIMAN & CO. 015 B004903 S 015 C014903 BOSTON 015 C024903 MA 015 C034903 02109 015 E014903 X 015 A004904 THE BANK OF NEW YORK MELLON 015 B004904 C 015 C014904 NEW YORK 015 C024904 NY 015 C034904 10286 015 E014904 X 015 A005001 THE BANK OF NEW YORK MELLON 015 B005001 C 015 C015001 NEW YORK 015 C025001 NY PAGE 4 015 C035001 10286 015 E015001 X 015 A005002 JPMORGAN CHASE BANK, N.A. 015 B005002 C 015 C015002 NEW YORK 015 C025002 NY 015 C035002 10022 015 E015002 X 015 A005003 THE BANK OF NEW YORK MELLON 015 B005003 S 015 C015003 NEW YORK 015 C025003 NY 015 C035003 10286 015 E015003 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 496 019 C00AA00 FIDELITYZZ 020 A000001 UBS AG 020 B000001 13-3873456 020 C000001 390 020 A000002 JPMORGAN CHASE & CO. 020 B000002 13-3224016 020 C000002 250 020 A000003 ROYAL BANK OF CANADA 020 B000003 66-0178435 020 C000003 229 020 A000004 MORGAN STANLEY 020 B000004 13-2655998 020 C000004 206 020 A000005 GOLDMAN SACHS GROUP, INC. 020 B000005 13-5108880 020 C000005 206 020 A000006 CITIGROUP, INC. 020 B000006 04-3531811 020 C000006 191 020 A000007 CREDIT SUISSE GROUP 020 B000007 13-5659485 020 C000007 184 020 A000008 BANK OF AMERICA CORP. 020 B000008 04-3410012 020 C000008 141 020 A000009 DEUTSCHE BANK AG 020 B000009 36-6843535 020 C000009 123 020 A000010 STIFEL FINANCIAL CORP. 020 B000010 43-1273600 020 C000010 62 021 000000 2624 022 A000001 FIDELITY CASH CENTRAL FUND 022 B000001 04-3331103 PAGE 5 022 C000001 918974 022 D000001 915942 022 A000002 UBS AG 022 B000002 13-3873456 022 C000002 269249 022 D000002 186434 022 A000003 GOLDMAN SACHS GROUP, INC. 022 B000003 13-5108880 022 C000003 180588 022 D000003 143770 022 A000004 MORGAN STANLEY 022 B000004 13-2655998 022 C000004 121057 022 D000004 188053 022 A000005 ROYAL BANK OF CANADA 022 B000005 66-0178435 022 C000005 162944 022 D000005 142716 022 A000006 CITIGROUP, INC. 022 B000006 04-3531811 022 C000006 130125 022 D000006 128982 022 A000007 JPMORGAN CHASE & CO. 022 B000007 13-3224016 022 C000007 133059 022 D000007 109582 022 A000008 BANK OF AMERICA CORP. 022 B000008 04-3410012 022 C000008 136425 022 D000008 82502 022 A000009 DEUTSCHE BANK AG 022 B000009 36-6843535 022 C000009 55589 022 D000009 96029 022 A000010 FIDELITY CAPITAL MARKETS, INC. 022 B000010 04-2653569 022 C000010 54624 022 D000010 79814 023 C000000 2772927 023 D000000 2692585 024 004900 N 024 005000 N 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 Y 026 F000000 Y 026 G010000 N 026 G020000 Y 026 H000000 N PAGE 6 027 000000 Y 028 A014900 126266 028 A024900 0 028 A034900 0 028 A044900 82077 028 B014900 73398 028 B024900 0 028 B034900 0 028 B044900 125582 028 C014900 64077 028 C024900 0 028 C034900 0 028 C044900 133109 028 D014900 33329 028 D024900 0 028 D034900 0 028 D044900 134221 028 E014900 34852 028 E024900 10829 028 E034900 0 028 E044900 156625 028 F014900 41667 028 F024900 0 028 F034900 0 028 F044900 121417 028 G014900 373589 028 G024900 10829 028 G034900 0 028 G044900 753031 028 H004900 0 028 A015000 9604 028 A025000 0 028 A035000 0 028 A045000 5684 028 B015000 13896 028 B025000 0 028 B035000 0 028 B045000 6081 028 C015000 12216 028 C025000 0 028 C035000 0 028 C045000 11059 028 D015000 13857 028 D025000 0 028 D035000 0 028 D045000 5318 028 E015000 9688 028 E025000 0 028 E035000 0 028 E045000 7807 028 F015000 14347 PAGE 7 028 F025000 0 028 F035000 0 028 F045000 11041 028 G015000 73608 028 G025000 0 028 G035000 0 028 G045000 46990 028 H005000 303 029 004900 N 029 005000 Y 030 A004900 0 030 B004900 0.00 030 C004900 0.00 030 A005000 26 030 B005000 5.75 030 C005000 0.00 031 A004900 0 031 B004900 0 031 A005000 10 031 B005000 0 032 004900 0 032 005000 16 033 004900 0 033 005000 0 034 004900 N 034 005000 Y 035 004900 0 035 005000 2 036 B004900 0 036 A005000 N 036 B005000 0 037 004900 Y 037 005000 Y 038 004900 659 038 005000 66 039 004900 N 039 005000 N 040 004900 Y 040 005000 Y 041 004900 N 041 005000 Y 042 A004900 0 042 B004900 0 042 C004900 0 042 D004900 0 042 E004900 0 042 F004900 0 042 G004900 0 042 H004900 0 042 A005000 0 042 B005000 0 PAGE 8 042 C005000 100 042 D005000 0 042 E005000 0 042 F005000 0 042 G005000 0 042 H005000 0 043 004900 0 043 005000 126 044 004900 15 044 005000 34 045 004900 Y 045 005000 Y 046 004900 N 046 005000 N 047 004900 N 047 005000 N 048 004900 0.000 048 A014900 0 048 A024900 0.000 048 B014900 0 048 B024900 0.000 048 C014900 0 048 C024900 0.000 048 D014900 0 048 D024900 0.000 048 E014900 0 048 E024900 0.000 048 F014900 0 048 F024900 0.000 048 G014900 0 048 G024900 0.000 048 H014900 0 048 H024900 0.000 048 I014900 0 048 I024900 0.000 048 J014900 0 048 J024900 0.000 048 K014900 0 048 K024900 0.000 048 005000 0.000 048 A015000 0 048 A025000 0.000 048 B015000 0 048 B025000 0.000 048 C015000 0 048 C025000 0.000 048 D015000 0 048 D025000 0.000 048 E015000 0 048 E025000 0.000 048 F015000 0 PAGE 9 048 F025000 0.000 048 G015000 0 048 G025000 0.000 048 H015000 0 048 H025000 0.000 048 I015000 0 048 I025000 0.000 048 J015000 0 048 J025000 0.000 048 K015000 0 048 K025000 0.000 049 004900 N 049 005000 N 050 004900 N 050 005000 N 051 004900 N 051 005000 N 052 004900 Y 052 005000 Y 053 A004900 Y 053 B004900 Y 053 C004900 N 053 A005000 Y 053 B005000 Y 053 C005000 N 054 A004900 Y 054 B004900 Y 054 C004900 N 054 D004900 N 054 E004900 N 054 F004900 N 054 G004900 Y 054 H004900 Y 054 I004900 N 054 J004900 Y 054 K004900 Y 054 L004900 N 054 M004900 Y 054 N004900 Y 054 O004900 Y 054 A005000 Y 054 B005000 Y 054 C005000 N 054 D005000 N 054 E005000 N 054 F005000 N 054 G005000 Y 054 H005000 Y 054 I005000 N 054 J005000 Y 054 K005000 Y PAGE 10 054 L005000 N 054 M005000 Y 054 N005000 Y 054 O005000 Y 055 A004900 N 055 B004900 N 055 A005000 N 055 B005000 N 056 004900 Y 056 005000 Y 057 004900 N 057 005000 N 058 A004900 N 058 A005000 N 059 004900 Y 059 005000 Y 060 A004900 N 060 B004900 N 060 A005000 N 060 B005000 N 061 004900 2500 061 005000 2500 062 A004900 N 062 B004900 0.0 062 C004900 0.0 062 D004900 0.0 062 E004900 0.0 062 F004900 0.0 062 G004900 0.0 062 H004900 0.0 062 I004900 0.0 062 J004900 0.0 062 K004900 0.0 062 L004900 0.0 062 M004900 0.0 062 N004900 0.0 062 O004900 0.0 062 P004900 0.0 062 Q004900 0.0 062 R004900 0.0 062 A005000 N 062 B005000 0.0 062 C005000 0.0 062 D005000 0.0 062 E005000 0.0 062 F005000 0.0 062 G005000 0.0 062 H005000 0.0 062 I005000 0.0 062 J005000 0.0 062 K005000 0.0 PAGE 11 062 L005000 0.0 062 M005000 0.0 062 N005000 0.0 062 O005000 0.0 062 P005000 0.0 062 Q005000 0.0 062 R005000 0.0 063 A004900 0 063 B004900 0.0 063 A005000 0 063 B005000 0.0 066 A004900 Y 066 B004900 N 066 C004900 N 066 D004900 N 066 E004900 Y 066 F004900 N 066 G004900 N 066 A005000 Y 066 B005000 N 066 C005000 Y 066 D005000 N 066 E005000 N 066 F005000 N 066 G005000 N 067 004900 N 067 005000 N 068 A004900 N 068 B004900 N 068 A005000 N 068 B005000 Y 069 004900 N 069 005000 N 070 A014900 Y 070 A024900 N 070 B014900 Y 070 B024900 N 070 C014900 Y 070 C024900 N 070 D014900 Y 070 D024900 N 070 E014900 Y 070 E024900 N 070 F014900 Y 070 F024900 N 070 G014900 Y 070 G024900 N 070 H014900 Y 070 H024900 N 070 I014900 Y 070 I024900 N PAGE 12 070 J014900 Y 070 J024900 N 070 K014900 Y 070 K024900 Y 070 L014900 Y 070 L024900 N 070 M014900 Y 070 M024900 N 070 N014900 Y 070 N024900 Y 070 O014900 Y 070 O024900 N 070 P014900 Y 070 P024900 Y 070 Q014900 N 070 Q024900 N 070 R014900 Y 070 R024900 N 070 A015000 Y 070 A025000 N 070 B015000 Y 070 B025000 N 070 C015000 Y 070 C025000 N 070 D015000 Y 070 D025000 N 070 E015000 Y 070 E025000 N 070 F015000 Y 070 F025000 N 070 G015000 Y 070 G025000 N 070 H015000 Y 070 H025000 N 070 I015000 Y 070 I025000 N 070 J015000 Y 070 J025000 N 070 K015000 Y 070 K025000 Y 070 L015000 Y 070 L025000 Y 070 M015000 Y 070 M025000 Y 070 N015000 Y 070 N025000 Y 070 O015000 Y 070 O025000 N 070 P015000 Y 070 P025000 Y 070 Q015000 N PAGE 13 070 Q025000 N 070 R015000 Y 070 R025000 N 071 A004900 1571570 071 B004900 1513985 071 C004900 4424207 071 D004900 34 071 A005000 288764 071 B005000 298002 071 C005000 353559 071 D005000 82 072 A004900 12 072 B004900 0 072 C004900 109959 072 D004900 0 072 E004900 237 072 F004900 24835 072 G004900 0 072 H004900 0 072 I004900 9129 072 J004900 55 072 K004900 0 072 L004900 0 072 M004900 79 072 N004900 114 072 O004900 0 072 P004900 0 072 Q004900 1074 072 R004900 59 072 S004900 53 072 T004900 0 072 U004900 0 072 V004900 0 072 W004900 49 072 X004900 35447 072 Y004900 290 072 Z004900 75039 072AA004900 203425 072BB004900 0 072CC014900 123115 072CC024900 0 072DD014900 69332 072DD024900 0 072EE004900 0 072 A005000 12 072 B005000 0 072 C005000 14126 072 D005000 0 072 E005000 81 072 F005000 2622 072 G005000 0 PAGE 14 072 H005000 0 072 I005000 1111 072 J005000 85 072 K005000 0 072 L005000 0 072 M005000 7 072 N005000 92 072 O005000 0 072 P005000 0 072 Q005000 195 072 R005000 64 072 S005000 4 072 T005000 126 072 U005000 0 072 V005000 0 072 W005000 4 072 X005000 4310 072 Y005000 20 072 Z005000 9917 072AA005000 18800 072BB005000 0 072CC015000 0 072CC025000 22795 072DD015000 5202 072DD025000 150 072EE005000 10638 073 A014900 0.6300 073 A024900 0.0000 073 B004900 0.0000 073 C004900 0.0000 073 A015000 0.0000 073 A025000 0.0000 073 B005000 0.0000 073 C005000 0.0000 074 A004900 0 074 B004900 0 074 C004900 0 074 D004900 0 074 E004900 0 074 F004900 4345397 074 G004900 0 074 H004900 0 074 I004900 57293 074 J004900 21732 074 K004900 12 074 L004900 3046 074 M004900 0 074 N004900 4427480 074 O004900 12419 074 P004900 2834 074 Q004900 0 PAGE 15 074 R014900 0 074 R024900 0 074 R034900 0 074 R044900 30494 074 S004900 0 074 T004900 4381733 074 U014900 107400 074 U024900 0 074 V014900 40.80 074 V024900 0.00 074 W004900 0.0000 074 X004900 440872 074 Y004900 0 074 A005000 0 074 B005000 0 074 C005000 0 074 D005000 0 074 E005000 0 074 F005000 372569 074 G005000 0 074 H005000 0 074 I005000 29947 074 J005000 0 074 K005000 8 074 L005000 1904 074 M005000 142 074 N005000 404570 074 O005000 0 074 P005000 352 074 Q005000 0 074 R015000 0 074 R025000 0 074 R035000 0 074 R045000 7047 074 S005000 0 074 T005000 397171 074 U015000 33734 074 U025000 3518 074 V015000 0.00 074 V025000 0.00 074 W005000 0.0000 074 X005000 123851 074 Y005000 0 075 A004900 0 075 B004900 4516496 075 A005000 0 075 B005000 375133 076 004900 0.00 076 005000 0.00 077 A000000 Y 077 B000000 Y PAGE 16 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 Federal Insurance Company (Chubb) 080 B00AA00 N/A 080 C00AA00 6500 081 A00AA00 Y 081 B00AA00 73 082 A00AA00 Y 082 B00AA00 250 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE ADRIEN E. DEBERGHES TITLE PRESIDENT AND TREASURER EX-99.77B ACCT LTTR 2 q77b_03114dt1.htm ACCT LETTER Converted by EDGARwiz

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Trustees of Fidelity Select Portfolios and the Shareholders of Fidelity Real Estate Investment Portfolio and Fidelity International Real Estate Fund:

In planning and performing our audits of the financial statements of Fidelity Real Estate Investment Portfolio and Fidelity International Real Estate Fund (the “Funds”), each a fund of Fidelity Select Portfolios, as of and for the year ended July 31, 2015, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.


The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management of the fund and trustees of the trust; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements.


Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of July 31, 2015.


This report is intended solely for the information and use of management, the Trustees of Fidelity Select Portfolios and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.



/s/ Deloitte & Touche LLP


Boston, Massachusetts

September 18, 2015



 EX-99.77Q1 OTHR EXHB 3 q77q1_forsubcustodbnymellon.htm SUB CUSTODYNYMELLON Converted by EDGARwiz


Exhibit 77Q1 - Additional Items

Item 15

Foreign Sub-Custodian Network for BNY Mellon

Country/Market

Subcustodian

Address

Argentina

Citibank N.A., Argentina

Bartolome Mitre 502/30
(C1036AAJ) Buenos Aires, Argentina

Australia

National Australia Bank Limited

12th Floor, 500 Bourke Street, Melbourne
Victoria 3000, Australia

Australia

Citigroup Pty. Limited

Level 16, 120 Collins Street
Melbourne, VIC. 3000 Australia

Austria

Citibank N.A. Milan

via dei Mercanti, 12
20121 Milan Italy

Austria

UniCredit Bank Austria AG

Schottengasse 6-8
1010 Vienna, Austria

Bahrain

HSBC Bank Middle East Limited

2nd Floor, Building No 2505, Road No 2832,
Al Seef 428, Bahrain

Bangladesh

The Hongkong and Shanghai Banking Corporation Limited

Management Office, Shanta Western
Tower, Level 4,
186 Bir Uttam Mir Shawkat Ali Shorok,
(Tejgaon Gulshan Link Road) Tejgaon
Industrial Area,
Dhaka 1208, Bangladesh

Belgium

Citibank International Limited

Citigroup Centre
33 Canada Square, Canary Wharf
London E14 5LB
United Kingdom

Bermuda

HSBC Bank Bermuda Limited

Custody and Clearing Department
6 Front Street
Hamilton
Bermuda HM11

Botswana

Stanbic Bank Botswana Limited

Plot 50672, Fairground Office Park
Gaborone, Botswana

Brazil

Citibank N.A., Brazil

Avenida Paulista 1111 - 12th floor
Sao Paulo, S.P., Brazil 01311-920

Brazil

Itaú Unibanco S.A.

Praça Alfredo Egydio de Souza Aranha, 100
São Paulo, S.P. - Brazil 04344-902

Bulgaria

Citibank Europe plc, Bulgaria Branch

2, Maria Louisa Blvd., Tzum 5th Floor,
Sofia 1000, Bulgaria

Canada

CIBC Mellon Trust Company (“CIBC Mellon”)

320 Bay Street
Toronto, Ontario, M5H 4A6
Canada

Cayman Islands

The Bank of New York Mellon

1 Wall Street
New York, NY 10286
United States

Channel Island

The Bank of New York Mellon

1 Wall Street
New York, NY 10286
United States

Chile

Banco de Chile

Av. Andres Bello 2687, 3rd Floor
755-0611 Las Condes
Santiago, Chile

Chile

Banco Itaú Chile

Avenida Apoquindo 3457
Las Condes
7550197
Santiago, Chile

China

HSBC Bank (China) Company Limited

33 Floor, HSBC Building, Shanghai ifc

8 Century Avenue, Pudong

Shanghai, China (200120)

Colombia

Cititrust Colombia S.A. Sociedad Fiduciaria

Carrera 9A No 99-02 Piso 3
Bogota D.C., Colombia

Costa Rica

Banco Nacional de Costa Rica

1st and 3rd Avenue, 4th Street
San José, Costa Rica

Croatia

Privredna banka Zagreb d.d.

Radnicka cesta 50
10 000 Zagreb
Croatia

Cyprus

BNP Paribas Securities Services S.C.A., Athens

94 V. Sofias Avenue & 1 Kerasountos
115 28 Athens
Greece

Czech Republic

Citibank Europe plc, organizacni slozka

Bucharova 2641/14
158 02 Prague 5, Czech Republic

Denmark

Skandinaviska Enskilda Banken AB (Publ)

Kungsträdgårdsg 8
106 40 Stockholm - Sweden

Ecuador

Banco de la Produccion S.A. (Produbanco)

Av. Amazonas N35-211 y Japon
Quito – Ecuador

Egypt

HSBC Bank Egypt S.A.E.

306 Corniche El Nil,
Maadi, Cairo, Egypt

Estonia

SEB Pank AS

Tornimäe Str. 2
15010 Tallinn
Estonia

Euromarket

Clearstream Banking S.A.

42 Avenue J.F. Kennedy
1855 Luxembourg
Grand Duchy of Luxembourg

Euromarket

Euroclear Bank

1 Boulevard du Roi Albert II
B-1210 Brussels - Belgium

Finland

Skandinaviska Enskilda Banken AB (Publ)

Kungsträdgårdsg 8
106 40 Stockholm - Sweden

France

BNP Paribas Securities Services S.C.A.

Office Address :Les Grands Moulins de
Pantin – 9 rue du Débarcadère
93500 Pantin, France
Legal address: 3 rue d’Antin, 75002 Paris,
France

France

Citibank International Limited

Citigroup Centre
33 Canada Square, Canary Wharf
London E14 5LB
United Kingdom

Germany

The Bank of New York Mellon SA/NV, Asset Servicing,
Niederlassung Frankfurt am Main

Friedrich-Ebert-Anlage, 49
60327 Frankfurt am Main
Germany

Ghana

Stanbic Bank Ghana Limited

Stanbic Heights, Plot No. 215 South
Liberation RD,
Airport City, Cantonments,
Accra, Ghana

Greece

BNP Paribas Securities Services S.C.A., Athens

94 V. Sofias Avenue & 1 Kerasountos
115 28 Athens
Greece

Hong Kong

The Hongkong and Shanghai Banking Corporation Limited

1, Queen’s Road, Central
Hong Kong

Hong Kong

Deutsche Bank AG

52/F International Commerce Centre
1 Austin Road West, Kowloon, Hong Kong

Hungary

Citibank Europe plc. Hungarian Branch Office

Szabadság tér 7

1051 Budapest

Hungary

Iceland

Landsbankinn hf.

Austurstraeti 11
155 Reykjavik
Iceland

India

Deutsche Bank AG

4th Floor, Block I, Nirlon Knowledge Park,
W.E. Highway Mumbai - 400 063, India

India

The Hongkong and Shanghai Banking Corporation Limited

11F, Building 3, NESCO - IT Park, NESCO
Complex, Western Express Highway,
Goregaon (East), Mumbai 400063, India

Indonesia

Deutsche Bank AG

7th Floor, Deutsche Bank Building Jl. Imam
Bonjol No.80, Jakarta – 10310, Indonesia

Ireland

The Bank of New York Mellon

1 Wall Street
New York, NY 10286
United States

Israel

Bank Hapoalim B.M.

50 Rothschild Blvd
Tel Aviv 66883
Israel

Italy

Citibank N.A. Milan

Via dei Mercanti 12
20121 milan
Italy

Italy

Intesa Sanpaolo S.p.A.

Piazza San Carlo, 156
10121 Torino
Italy

Japan

Mizuho Bank, Ltd.

4-16-13, Tsukishima, Chuo-ku,
Tokyo 104- 0052 Japan

Japan

The Bank of Tokyo-Mitsubishi UFJ, Limited

1-3-2, Nihombashi Hongoku-cho, Chuo-ku,
Tokyo 103-0021, Japan

Kazakhstan

Joint-Stock Company Citibank Kazakhstan

Park Palace Building A,
41 Kazybek Bi Street,
Almaty,
Kazakhstan

Kenya

CfC Stanbic Bank Limited

First Floor, CfC Stanbic Centre
P.O. Box 72833 00200
Chiromo Road,
Westlands,
Nairobi,

Kuwait

HSBC Bank Middle East Limited, Kuwait

Hamad Al-Saqr St., Qibla Area, Kharafi
Tower, G/1/2
P.O. Box 1683, Safat 13017, Kuwait

Latvia

AS SEB banka

Meistaru iela 1
Valdlauci
Kekavas pag
LV-1076
Latvia

Lebanon

HSBC Bank Middle East Limited – Beirut Branch

Lebanon Head Office
Minet EL-Hosn,
P.O. Box: 11-1380 Beirut, Lebanon

Lithuania

AB SEB bankas

12 Gedimino Av.
LT-01103 Vilnius
Lithuania

Luxembourg

Euroclear Bank

1 Boulevard du Roi Albert II
B-1210 Brussels - Belgium

Malawi

Standard Bank Limited

Standard Bank Centre

Africa Unity Avenue

PO Box 30380

Lilongwe 3

Malawi

Malaysia

Deutsche Bank (Malaysia) Berhad

Level 18, Menara IMC
No 8 Jalan Sultan Ismail
50250 Kuala Lumpur, Malaysia

Malta

The Bank of New York Mellon SA/NV, Asset Servicing,
Niederlassung Frankfurt am Main

Friedrich-Ebert-Anlage, 49
60327 Frankfurt am Main
Germany

Mauritius

The Hongkong and Shanghai Banking Corporation
Limited

5th Floor, HSBC Centre, 18 Cybercity,
Ebene, Mauritius

Mexico

Banco Nacional de México S.A.

Isabel la Catolica No. 44
Colonia Centro
Mexico, D.F.
C.P. 06000

Morocco

Citibank Maghreb

Zenith Millenium, Immeuble 1
Sidi Maarouf, B.P. 40
20190 Casablanca
Morocco

Namibia

Standard Bank Namibia Limited

2nd Floor, Standard Bank Centre, Town Square
Corner of Post Street Mall and Werner List Street
Windhoek, Namibia

Netherlands

The Bank of New York Mellon SA/NV

Rue Montoyer, 46
1000 Brussels
Belgium

New Zealand

National Australia Bank Limited

12th Floor, 500 Bourke Street, Melbourne
Victoria 3000, Australia

Nigeria

Stanbic IBTC Bank Plc.

Walter Carrington Crescent
Victoria Island
Lagos, Nigeria

Norway

Skandinaviska Enskilda Banken AB (Publ)

Kungsträdgårdsg 8
106 40 Stockholm - Sweden

Oman

HSBC Bank Oman S.A.O.G.

2nd Floor, Head Office Building,
P.O. Box 1727, Al Khuwair, Postal Code 111,
Sultanate of Oman

Pakistan

Deutsche Bank AG

242-243, Avari Plaza, Fatima Jinnah Road
Karachi – 75330, Pakistan

Palestine Autonomous Area

HSBC Bank Middle East Limited – Palestinian Autonomous Area Branch

Jaffa Street - PO Box 2067 - Ramallah
West Bank – Palestinian Autonomous Area

Panama

Citibank N.A., Panama Branch

Boulevard Punta Pacífica
Torre de las Américas, Torre B, Piso 14
Apartado 0834-00555
Panama City, Panama

Peru

Citibank del Peru S.A.

Avenida Canaval y Moreyra, 480, 3rd floor
Lima 27, Peru

Philippines

Deutsche Bank AG

23rd Floor, Tower One & Exchange Plaza,
Ayala Triangle, Ayala Avenue,
1226 Makati City
Philippines

Poland

Bank Polska Kasa Opieki S.A.

53/57 Grzybowska Street
00-950 Warszawa

Portugal

Citibank International Limited, Sucursal em Portugal

Rua Barata Salgueiro, 30

1269-056 Lisbon

Portugal

Qatar

HSBC Bank Middle East Limited, Doha

2nd Floor, Ali Bin Ali Tower, Building no:
150, Al Matar Street (Airport Road)
P.O. Box 57, Street no. 950,
Umm Ghuwalina Area, Doha, Qatar

Romania

Citibank Europe plc, Romania Branch

145, Calea Victoriei
010072 Bucharest
Romania

Russia

Deutsche Bank Ltd.

82 Sadovnicheskaya Street, Building 2
115035 Moscow, Russia

Saudi Arabia

HSBC Saudi Arabia Limited

HSBC Building, Olaya Road, Al-Murooj
PO Box 9084, Riyadh 11413,
Saudi Arabia

Serbia

UniCredit Bank Serbia JSC

Rajiceva Street 27-29, 11000 Belgrade,
Serbia

Singapore

DBS Bank Ltd

12 Marina Boulevard
Marina Bay Financial Centre Tower 3
Singapore 018982

Singapore

United Overseas Bank Limited

80 Raffles Place
UOB Plaza
Singapore 048624

Slovak Republic

Citibank Europe plc, pobocka zahranicnej banky

Mlynske Nivy 43
825 01 Bratislava, Slovak Republic

Slovenia

UniCredit Banka Slovenia d.d.

Smartinska 140, 1000 - Ljubljana, Slovenia

South Africa

The Standard Bank of South Africa Limited

5 Simmonds Street
Johannesburg 2001, South Africa

South Korea

The Hongkong and Shanghai Banking Corporation Limited

5th Floor, HSBC Building, 37, Chilpae-ro,
Jung-Gu, Seoul, Korea, 100-161

South Korea

Deutsche Bank AG

18th Floor, Young-Poong Building 41
Cheonggyecheon-ro, Jongro-ku, Seoul 110-
752, South Korea

Spain

Banco Bilbao Vizcaya Argentaria, S.A.

Plaza San Nicolás, 4
48005 Bilbao
Spain

Spain

Santander Securities Services, S.A.

Ciudad Grupo Santander. Avenida de
Cantabria s/n
Boadilla del Monte 28660 – Madrid, Spain

Sri Lanka

The Hongkong and Shanghai Banking Corporation Limited

24 Sir Baron Jayathilake Mawatha Colombo
01, Sri Lanka

Swaziland

Standard Bank Swaziland Limited

Standard House, Swazi Plaza

Sweden

Skandinaviska Enskilda Banken AB (Publ)

Kungsträdgårdsg 8
106 40 Stockholm - Sweden

Switzerland

Credit Suisse AG

Paradeplatz 8
CH - 8070 Zurich
Switzerland

Switzerland

UBS AG

Badenerstrasse 574
CH - 8048 Zurich
Switzerland

Taiwan

HSBC Bank (Taiwan) Limited

16th floor, Building G, No. 3-1 Park Street
Taipei 115, Taiwan

Tanzania

Stanbic Bank Tanzania Limited

Stanbic House

PO Box 72647

Dar es Salaam

Tanzania

Thailand

The Hongkong and Shanghai Banking Corporation Limited

Level 5, HSBC Building, 968 Rama IV
Road, Bangrak Bangkok 10500, Thailand

Trinidad & Tobago

The Republic Bank Limited

Republic House
9-17 Park Street
Port of Spain, Trinidad, W.I.

Tunisia

Banque Internationale Arabe de Tunisie

70-72, Avenue Habib Bourguiba
1000 Tunis
Tunisia

Turkey

Deutsche Bank A.S.

Esentepe Mahallesi Büyükdere Caddesi
Tekfen Tower No:209 K:17 Sisli
TR-34394-Istanbul, Turkey

U.A.E.

HSBC Bank Middle East Limited, Dubai

Emaar Square, Building 5, Level 4
PO Box 502601 Dubai, United Arab
Emirates

U.K.

Depository and Clearing Centre (DCC)
Deutsche Bank AG, London Branch

Winchester House 1 Great Winchester Street
London EC2N 2DB
United Kingdom

U.K.

The Bank of New York Mellon

1 Wall Street
New York, NY 10286
United States

U.S.A.

The Bank of New York Mellon

1 Wall Street
New York, NY 10286
United States

U.S.A. Precious Metals

HSBC Bank, USA, N.A.

452 Fifth Avenue,
New York, NY 10018

Uganda

Stanbic Bank Uganda Limited

Plot 17 Hannington Road
Short Tower- Crested Towers
P.O. Box 7131, Kampala, Uganda

Ukraine

Public Joint Stock Company "Citibank"

16-G Dymytrova str.
03150 Kiev
Ukraine

Uruguay

Banco Itaú Uruguay S.A.

Global Custody Operations Area
Zabala 1463
11000 Montevideo, Uruguay

Venezuela

Citibank N.A., Sucursal Venezuela

Av. Casanova, Centro Comercial El Recreo
Torre Norte, Piso 19
Sabana Grande, Caracas 1050 D.C.
Venezuela

Vietnam

HSBC Bank (Vietnam) Ltd

The Metropolitan, 235 Dong Khoi Street
District 1, Ho Chi Minh City, Vietnam

WAEMU

Société Générale de Banques en Côte d’Ivoire

5/7 Avenue Joseph Anoma
01 BP 1355
Abidjan 01 - Ivory Coast

Zambia

Stanbic Bank Zambia Limited

Stanbic House, Plot 2375,
Addis Ababa Drive
P.O Box 31955
Lusaka, Zambia

Zimbabwe

Stanbic Bank Zimbabwe Limited

59 Samora Machel Avenue,
Harare, Zimbabwe




 EX-99.77Q1 OTHR EXHB 4 q77q1_forsubcustodiansbbh.htm SUBCUSTODYSBBH Converted by EDGARwiz


Exhibit 77Q1 - Additional Items

Item 15

Foreign Sub-Custodian Network for Brown Brothers Harriman & Co.

 

Market

Subcustodian

Zip Code

City / Country

Austria

Deutsche Bank AG Vienna Branch

1010

Vienna / Austria

Bahrain

HSBC BANK MIDDLE EAST LIMITED, BAHRAIN BRANCH FOR THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED
(HSBC)

428

Manama / Bahrain

Bangladesh

Standard Chartered Bank, Bangladesh Branch

1000

Dhaka / Bangladesh

Belgium

BNP Paribas Securities Services

93500

Brussels / Belgium

Bermuda

HSBC BANK BERMUDA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)

HM11

Hamilton / Bermuda

Bosnia

UNICREDIT BANK D.D. FOR UNICREDIT BANK AUSTRIA AG

1090

Vienna / Austria

Botswana

Standard Chartered Bank Botswana Limited

Not Applicable

Gaborone / Botswana

Brazil

Citibank N.A., São Paulo

01311-920

Sao Paulo / Brazil

Bulgaria

CITIBANK EUROPE PLC, BULGARIA BRANCH FOR CITIBANK, N.A.

1404

Sofia / Bulgaria

Canada

CIBC MELLON TRUST COMPANY FOR CIBC MELLON TRUST COMPANY, CANADIAN IMPERIAL BANK OF COMMERCE AND
BANK OF NEW YORK MELLON

M5H 4A6

Toronto / Canada

Chile

Banco de Chile

7550611

Santiago / Chile

China

Standard Chartered Bank (China) Limited

200120

Shanghai / China

Colombia

Cititrust Colombia, S.A. Sociedad Fiduciaria

Not Applicable

Bogota / Colombia

Costa Rica

BANCO BCT SA FOR CORPORACION BCT SA

10103

San Jose / Costa Rica

Croatia

ZAGREBACKA BANKA D.D. FOR UNICREDIT BANK AUSTRIA AG

1090

Vienna / Austria

Cyprus

BNP Paribas Securities Services

115 28

Athens / Greece

Czech Republic

CITIBANK EUROPE PLC, ORGANIZAÈNÍ SLOZKA FOR CITIBANK, N.A.

158 02

Praha / Czech Republic

Denmark

SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), DANMARK BRANCH

DK-1014

Copenhagen / Denmark

Egypt

HSBC Bank Egypt S.A.E. for the Hongkong & Shanghai Banking Corporation Limited (HSBC)

11511

Cairo / Egypt

Estonia

SWEDBANK AS FOR NORDEA BANK FINLAND PLC AND NORDEA BANK AB (PUBL)

FI-00020 NORDEA

Tallinn / Finland

Finland

Nordea Bank Finland Plc

FI-00020 NORDEA

Helsinki / Finland

France

BNP Paribas Securities Services S.A., Paris Branch

93500

Paris / France

Germany

Deutsche Bank AG, Frankfurt

D-65760

Frankfurt / Germany

Ghana

STANDARD CHARTERED BANK GHANA LIMITED FOR STANDARD CHARTERED BANK & STANDARD CHARTERED BANK GHANA LIMITED

00233

Accra / Ghana

Greece

HSBC BANK PLC - ATHENS BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)

11526

Athens / Greece

Hong Kong

The Hongkong & Shanghai Banking Corporation Limited (HSBC)

Not Applicable

Central / Hong Kong

Hungary

UNICREDIT BANK HUNGARY ZRT FOR UNICREDIT BANK HUNGARY ZRT AND UNICREDIT BANK AUSTRIA AG  

HU-1054

Budapest / Hungary

Iceland

LANDSBANKINN HF.

155

Reykjavik / Iceland

India

Citibank, N.A., Mumbai Branch

400 051

Mumbai / India

 

The Hongkong & Shanghai Banking Corporation Limited (HSBC), India Branch

400 0057

Mumbai / India

Indonesia

Citibank, N.A., Jakarta Branch

12190

Jakarta / Indonesia

Ireland

Citibank N.A., London Branch

E14 5LB

London / UK

Israel

Bank Hapoalim BM

66883

Tel Aviv / Israel

Italy

BNP Paribas Securities Services, Milan Branch

20123

Milan / Italy

Ivory Coast

STANDARD CHARTERED BANK COTE D’IVOIRE FOR STANDARD CHARTERED BANK

1141

Abidjan / Ivory Coast

Japan

Bank of Tokyo-Mitsubishi UFJ Ltd

103-0021

Tokyo / Japan

Kazakhstan

SB HSBC BANK KAZAKHSTAN JSC FOR THE HONGKONG AND SHANGHAI  
 BANKING CORPORATION LIMITED (HSBC)

50010

Almaty / Kazakhstan

Kenya

Standard Chartered Bank Kenya Limited.

00100

Nairobi / Kenya

Kuwait

HSBC BANK MIDDLE EAST LIMITED - KUWAIT BRANCH FOR THE  
 HONGKONG AND SHANGHAI BANKING CORPORATION LTD. (HSBC)

13017

Kuwait City, Kuwait

Latvia

SWEDBANK" AS FOR NORDEA BANK FINLAND PLC AND NORDEA BANK AB (PUBL)

FI-00020 NORDEA

Helsinki / Finland

Lebanon

HSBC BANK MIDDLE EAST LIMITED - LEBANON BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)

Not Applicable

Beirut / Lebanon

Lituania

"SWEDBANK" AB FOR NORDEA BANK FINLAND PLC AND NORDEA BANK AB (PUBL)

FI-00020 NORDEA

Helsinki / Finland

Luxembourg

KBL European Private Bankers S.A.

L-2955

Luxembourg

Malaysia

Standard Chartered Bank Malaysia Berhad for Standard Chartered Bank

50250

Kuala Lumpur / Malaysia

Mauritius

Hongkong & Shanghai Banking Corporation (HSBC), Mauritius Branch

Not Applicable

Port Louis / Mauritius

Mexico

Banco Nacional de Mexico, S.A. (Banamex) for Citibank N.A.

1210

Mexico City / Mexico

Morocco

Citibank Maghreb for Citibank N.A.

20190

Casablanca / Morocco

Namibia

Standard Bank Namibia Ltd for Standard Bank of South Africa Limited

Not Applicable

Windhoek / Namibia

Netherlands

BNP Paribas Securities Services,

93500

Amsterdam / Netherlands

New Zealand

Hongkong & Shanghai Banking Corporation Limited (HSBC), New Zealand Branch

1010

Auckland / New Zealand

Nigeria

Stanbic IBTC Bank Plc for Standard Bank of South Africa Limited

101007

Lagos / Nigeria

Norway

NORDEA BANK NORGE ASA FOR NORDEA BANK NORGE ASA AND NORDEA BANK AB (PUBL)

NO-0107

Oslo / Norway

Oman

HSBC BANK OMAN SAOG FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)

PC 112

Ruwi / Oman

Pakistan

STANDARD CHARTERED BANK (PAKISTAN) LIMITED FOR STANDARD CHARTERED BANK

74000

Karachi / Pakistan

Palestine

HSBC BANK MIDDLE EAST LIMITED - PALESTINE BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)

Not Applicable

Ramallah / Palestine

Peru

Citibank del Peru S.A. for Citibank N.A.

27

Lima / Peru

Philippines

Hongkong & Shanghai Banking Corporation (HSBC), Philippine Branch

1634

Manila / Philippines

Poland

Bank Handlowy w Warszawie SA (BHS) for Citibank N.A.

00-923

Warsaw / Poland

Portugal

BNP Paribas Securities Services

93500

Paris / France

Qatar

HSBC BANK MIDDLE EAST LTD - QATAR BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED
(HSBC)

 JE4 8UB

Doha / Qatar

Romania

Citibank Europe plc - Romanian branch

11745

Bucharest / Romania

Russia

ZAO Citibank for Citibank N.A.

125047

Moscow / Russia

Saudi Arabia

HSBC SAUDI ARABIA LIMITED FOR THE HONGKONG AND SHANGHAI  
 BANKING CORPORATION LIMITED (HSBC)

11413

Riyadh / Saudi Arabia

Serbia

UNICREDIT BANK SERBIA JSC FOR UNICREDIT BANK AUSTRIA AG

1090

Belgrade / Serbia

Singapore

Standard Chartered Bank, Singapore branch

18981

Singapore

Slovakia

Citibank Europe plc – Slovak Republic

811 02

Bratislava / Slovakia

Slovenia

UNICREDIT BANKA SLOVENIJA DD FOR UNICREDIT BANKA SLOVENIJA DD & UNICREDIT BANK AUSTRIA AG

1090

Vienna / Austria

South Africa

Societe Generale, Johannesburg (SG) Johannesburg

2001

Johannesburg / South Africa

South Korea

Citibank Korea Inc. for Citibank N.A.

100-180

Seoul / South Korea

Spain

Société Générale Sucursal en España S.A.

28016

Madrid / Spain

Sri Lanka

Hongkong & Shanghai Banking Corporation Limited (HSBC), Sri Lanka Branch

Not Applicable

Colombo / Sri Lanka

Swaziland

STANDARD BANK SWAZILAND LTD. FOR STANDARD BANK OF
SOUTH AFRICA LIMITED

Not Applicable

Mbabane / Swaziland

Sweden

Skandinaviska Enskilda Banken AB (publ)

SE-106 40

Stockholm / Sweden

Switzerland

UBS AG

CH-8098

Zurich / Switzerland

Taiwan

Standard Chartered Bank (Taiwan) Ltd. For Standard Chartered Bank

105

Taipei / Taiwan

Tanzania

STANDARD CHARTERED BANK TANZANIA LIMITED AND STANDARD CHARTERED BANK (MAURITIUS) LIMITED FOR STANDARD CHARTERED BANK

Not Applicable

Port Louis / Mauritius

Thailand

Hongkong & Shanghai Banking Corporation Limited (HSBC), Thailand Branch

10500

Bangkok / Thailand

Transnational

Brown Brothers Harriman & Co. (BBH & Co.)

10005-1101

Boston, MA / New York, NY

Trinidad & Tobago

REPUBLIC BANK LIMITED

Not Applicable

Port of Spain / Trinidad & Tobago

Tunisia

Union Internationale de Banques (UIB)

Not Applicable

Tunis / Tunisia

Turkey

Citibank Anonim Sirkiti for Citibank N.A.

34394

Istanbul / Turkey

Uganda

STANDARD CHARTERED BANK UGANDA LIMITED FOR STANDARD
CHARTERED BANK

256

Kampala / Uganda

Ukraine

PUBLIC JOINT STOCK COMPANY "CITIBANK" FOR CITIBANK, N.A.

4070

Kiev / Ukraine

United Arab Emirates
(ADX, DFM and NASDAQ Dubai)

HSBC BANK MIDDLE EAST LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)

337-1500

Dubai / UAE

United Kingdom

HSBC Bank Plc

E14 5HQ

London / UK

Uruguay

BANCO ITAÚ URUGUAY S.A. FOR BANCO ITAÚ URUGUAY S.A. AND ITAÚ UNIBANCO S.A.

11000

Montevideo / Uruguay

Venezuela

Citibank, N.A., Caracas Branch

1050

Caracas / Venezuela

Vietnam

HSBC BANK (VIETNAM) LTD. FOR THE HONGKONG AND SHANGHAI
BANKING CORPORATION LIMITED (HSBC)

Not Applicable

Hanoi, Vietnam

Zambia

STANDARD CHARTERED BANK ZAMBIA PLC FOR STANDARD CHARTERED BANK

10101

Lusaka / Zambia

Zimbabwe

STANDARD CHARTERED BANK ZIMBABWE LIMITED FOR STANDARD CHARTERED BANK

Not Applicable

Harare / Zimbabwe




 EX-99.77Q1 OTHR EXHB 5 q77q1_subadvisory.htm SUBADVISORY

AMENDED AND RESTATED
SUB-ADVISORY AGREEMENT

between

FIDELITY SELECTCO, LLC

and

FMR INVESTMENT MANAGEMENT (U.K.) LIMITED

AGREEMENT AMENDED and RESTATED as of this 1st day of April 2015, by and between Fidelity SelectCo, LLC, a Delaware limited liability company with principal offices at 1225 17th Street, Denver, Colorado (hereinafter called the "Advisor"), and FMR Investment Management (U.K.) Limited (hereinafter called the "Sub-Advisor").

WHEREAS the Advisor has entered into various management contracts (each a "Management Contract") with those Massachusetts business trusts and Delaware statutory trusts, each a registered investment company issuing one or more series of shares of beneficial interest (each a "Trust") on behalf of each of their respective portfolios listed on Schedule A attached hereto, as the same may be amended from time to time (each a "Portfolio"), pursuant to which the Advisor acts as investment manager to each of the Portfolios;

WHEREAS required authorization and approval by Trustees having been obtained, each Trust, on behalf of each Portfolio, the Advisor, and the Sub-Advisor hereby consent, pursuant to Paragraph 9 of the existing Sub-Advisory Agreement, to a modification of said Agreement in the manner set forth below; and

WHEREAS the Sub-Advisor and its subsidiaries and other affiliated persons have personnel in various locations throughout the world and have been formed in part for the purpose of researching and compiling information and recommendations with respect to the economies of various countries, and securities of issuers located in such countries, and providing investment advisory services in connection therewith;

NOW, THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Trust, the Advisor and the Sub-Advisor agree as follows:

1. Duties: The Advisor may, in its discretion, appoint the Sub-Advisor to perform one or more of the following services with respect to all or a portion of the investments of the Portfolio. The services and the portion of the investments of the Portfolio to be advised or managed by the Sub-Advisor shall be as agreed upon from time to time by the Advisor and the Sub-Advisor. The Sub-Advisor shall pay the salaries and fees of all personnel of the Sub-Advisor performing services for the Portfolio relating to research, statistical and investment activities.

(a) Investment Advice: If and to the extent requested by the Advisor, the Sub-Advisor shall provide investment advice to the Portfolio and the Advisor with respect to all or a portion of the investments of the Portfolio, and in connection with such advice shall furnish the Portfolio and the Advisor such factual information, research reports and investment recommendations as the Advisor may reasonably require. Such information may include written and oral reports and analyses.

(b) Investment Management: If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

(c) Subsidiaries and Affiliates: The Sub-Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the Trust to the extent required pursuant to the 1940 Act and rules thereunder.

2. Information to be Provided to the Trust and the Advisor: The Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trust and the Advisor as the Trust's Board of Trustees or the Advisor may reasonably request from time to time, or as the Sub-Advisor may deem to be desirable.

3. Brokerage: In connection with the services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub-Advisor shall place all orders for the purchase and sale of portfolio securities for the Portfolio's account with brokers or dealers selected by the Sub-Advisor, which may include brokers or dealers affiliated with the Advisor or Sub-Advisor. The Sub-Advisor shall use its best efforts to seek to execute portfolio transactions at prices which are advantageous to the Portfolio and at commission rates which are reasonable in relation to the benefits received. In selecting brokers or dealers qualified to execute a particular transaction, brokers or dealers may be selected who also provide brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934) to the Portfolio and/or to the other accounts over which the Sub-Advisor or Advisor exercise investment discretion. The Sub-Advisor is authorized to pay a broker or dealer who provides such brokerage and research services a commission for executing a portfolio transaction for the Portfolio which is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Sub-Advisor determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage and research services provided by such broker or dealer. This determination may be viewed in terms of either that particular transaction or the overall responsibilities which the Sub-Advisor has with respect to accounts over which it exercises investment discretion. The Trustees of the Trust shall periodically review the commissions paid by the Portfolio to determine if the commissions paid over representative periods of time were reasonable in relation to the benefits to the Portfolio.

4. Compensation: The Advisor shall compensate the Sub-Advisor on the following basis for the services to be furnished hereunder.

(a) Investment Advisory Fee: For services provided under subparagraph (a) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Sub-Advisory Fee. The Sub-Advisory Fee shall be equal to 110% of the Sub-Advisor's costs incurred in connection with rendering the services referred to in subparagraph (a) of paragraph 1 of this Agreement. The Sub-Advisory Fee shall not be reduced to reflect expense reimbursements or fee waivers by the Advisor, if any, in effect from time to time.

(b) Investment Management Fee: For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor's costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the management fee paid to the Advisor pursuant to its management contract with respect to the Portfolio) (the minimum fee described in this proviso being referred to herein as the "Minimum Investment Management Fee"). If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii), subject to the Minimum Investment Management Fee. If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers or reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered.

(c) Provision of Multiple Services: If the Sub-Advisor shall have provided both investment advisory services under subparagraph (a) and investment management services under subparagraph (b) of paragraph (1) for the same portion of the investments of the Portfolio for the same period, the fees paid to the Sub-Advisor with respect to such investments shall be calculated exclusively under subparagraph (b) of this paragraph 4.

5. Expenses: It is understood that the Portfolio will pay all of its expenses other than those expressly stated to be payable by the Sub-Advisor hereunder or by the Advisor under the Management Contract with the Portfolio.

6. Interested Persons: It is understood that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor or the Sub-Advisor as directors, officers or otherwise and that directors, officers and stockholders of the Advisor or the Sub-Advisor are or may be or become similarly interested in the Trust, and that the Advisor or the Sub-Advisor may be or become interested in the Trust as a shareholder or otherwise.

7. Services to Other Companies or Accounts: The services of the Sub-Advisor to the Advisor are not to be deemed to be exclusive, the Sub-Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere, in a material manner, with the Sub-Advisor's ability to meet all of its obligations hereunder. The Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Advisor or the Trust.

8. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Advisor, the Sub-Advisor shall not be subject to liability to the Advisor, the Trust or to any shareholder of the Portfolio for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security.

9. Duration and Termination of Agreement; Amendments:

(a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until January 31, 2016 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio.

(b) This Agreement may be modified by mutual consent of the Advisor, the Sub-Advisor and the Portfolio subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases or no-action letters of, the Commission or its staff.

(c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 9, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.

(d) Either the Advisor, the Sub-Advisor or the Portfolio may, at any time on sixty (60) days' prior written notice to the other parties, terminate this Agreement, without payment of any penalty, by action of its Board of Trustees or Directors, or with respect to the Portfolio by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment.

10. Limitation of Liability: The Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trust and agrees that any obligations of the Trust or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee.

11. Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof.

The terms "registered investment company," "vote of a majority of the outstanding voting securities," "assignment," and "interested persons," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended, and subject to such orders or no-action letters as may be granted by the Commission or its staff.

IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above.

FMR INVESTMENT MANAGEMENT (U.K.) LIMITED

 

BY:

/s/Mark Flaherty

 

Mark Flaherty

 

Director

 

FIDELITY SELECTCO, LLC

 

BY:

/s/William E. Dailey

 

William E. Dailey

 

Treasurer