Supplement to the

Fidelity® Select Portfolios®

Tech Hardware Portfolio

April 29, 2023

Summary Prospectus

The following information replaces similar information found in the "Fund Summary" section under the "Portfolio Managers" heading.

Elliot Mattingly (Co-Portfolio Manager) has managed the fund since 2022.

Aidan Brandt (Co-Portfolio Manager) has managed the fund since 2024.

Effective June 30, 2024, Mr. Mattingly will no longer serve as Co-Portfolio Manager for the fund. At that time, Mr. Brandt will assume sole portfolio manager responsibilities.

COM-SUSTK-0124-107 1.9881351.107 January 2, 2024