0000831016-13-000018.txt : 20130417 0000831016-13-000018.hdr.sgml : 20130417 20130417131014 ACCESSION NUMBER: 0000831016-13-000018 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130417 DATE AS OF CHANGE: 20130417 EFFECTIVENESS DATE: 20130417 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: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-69972 FILM NUMBER: 13766387 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 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: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03114 FILM NUMBER: 13766388 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 S000039312 Fidelity Telecom and Utilities Fund C000121123 Fidelity Telecom and Utilities Fund FIUIX 485BPOS 1 main.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

 

REGISTRATION STATEMENT (No. 002-69972)

 

UNDER THE SECURITIES ACT OF 1933

[X]

 

Pre-Effective Amendment No. ____

[ ]

 

Post-Effective Amendment No. 101

[X]

and

REGISTRATION STATEMENT (No. 811-03114)

 

UNDER THE INVESTMENT COMPANY ACT OF 1940

[X]

 

Amendment No. 101

[X]

 

Fidelity Select Portfolios

(Exact Name of Registrant as Specified in Charter)

 

245 Summer Street, Boston, Massachusetts 02210

(Address Of Principal Executive Offices) (Zip Code)

 

Registrant's Telephone Number: 617-563-7000

 

Scott C. Goebel, Secretary

245 Summer Street

Boston, Massachusetts 02210

(Name and Address of Agent for Service)

 

It is proposed that this filing will become effective

 

(x)

immediately upon filing pursuant to paragraph (b).

 

( )

on ( ) pursuant to paragraph (b) at 5:30 p.m. Eastern Time.

 

( )

60 days after filing pursuant to paragraph (a)(1) at 5:30 p.m. Eastern Time.

 

( )

on ( ) pursuant to paragraph (a)(1) of Rule 485 at 5:30 p.m. Eastern Time.

 

( )

75 days after filing pursuant to paragraph (a)(2) at 5:30 p.m. Eastern Time.

 

( )

on ( ) pursuant to paragraph (a)(2) of Rule 485 at 5:30 p.m. Eastern Time.

 

If appropriate, check the following box:

 

( )

this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXHIBIT INDEX

Exhibit
Exhibit No.

XBRL Instance Document

EX-101.INS

XBRL Taxonomy Extension Schema Document

EX-101.SCH

XBRL Taxonomy Extension Calculation Linkbase Document

EX-101.CAL

XBRL Taxonomy Extension Definition Linkbase Document

EX-101.DEF

XBRL Taxonomy Extension Labels Linkbase Document

EX-101.LAB

XBRL Taxonomy Extension Presentation Linkbase Document

EX-101.PRE

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 101 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston, and Commonwealth of Massachusetts, on the 17th day of April 2013.

 

Fidelity Select Portfolios

 

By

/s/Kenneth B. Robins

 

||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

 

Kenneth B. Robins, President

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

(Signature)

 

(Title)

(Date)

 

 

 

 

/s/Kenneth B. Robins

 

President and Treasurer

April 17, 2013

Kenneth B. Robins

 

(Principal Executive Officer)

 

 

 

 

 

/s/Christine Reynolds

 

Chief Financial Officer

April 17, 2013

Christine Reynolds

 

(Principal Financial Officer)

 

 

 

 

 

/s/James C. Curvey

*

Trustee

April 17, 2013

James C. Curvey

 

 

 

 

 

 

 

/s/Dennis J. Dirks

*

Trustee

April 17, 2013

Dennis J. Dirks

 

 

 

 

 

 

 

/s/Alan J. Lacy

*

Trustee

April 17, 2013

Alan J. Lacy

 

 

 

 

 

 

 

/s/Ned C. Lautenbach

*

Trustee

April 17, 2013

Ned C. Lautenbach

 

 

 

 

 

 

 

/s/Joseph Mauriello

*

Trustee

April 17, 2013

Joseph Mauriello

 

 

 

 

 

 

 

/s/Ronald P. O'Hanley

*

Trustee

April 17, 2013

Ronald P. O'Hanley

 

 

 

 

 

 

 

/s/Robert W. Selander

*

Trustee

April 17, 2013

Robert W. Selander

 

 

 

 

 

 

 

/s/Cornelia M. Small

*

Trustee

April 17, 2013

Cornelia M. Small

 

 

 

 

 

 

 

/s/William S. Stavropoulos

*

Trustee

April 17, 2013

William S. Stavropoulos

 

 

 

 

 

 

 

/s/David M. Thomas

*

Trustee

April 17, 2013

David M. Thomas

 

 

 

 

 

 

 

/s/Michael E. Wiley

*

Trustee

April 17, 2013

Michael E. Wiley

 

 

 

*

By:

/s/Joseph R. Fleming

 

 

Joseph R. Fleming, pursuant to a power of attorney dated December 1, 2011 and filed herewith.

POWER OF ATTORNEY

We, the undersigned Directors or Trustees, as the case may be, of the following investment companies:

Fidelity Advisor Series I

Fidelity Advisor Series VII

Fidelity Advisor Series VIII

Fidelity Beacon Street Trust

Fidelity Capital Trust

Fidelity Central Investment Portfolios LLC

Fidelity Commonwealth Trust

Fidelity Concord Street Trust

Fidelity Congress Street Fund

Fidelity Contrafund

Fidelity Covington Trust

Fidelity Destiny Portfolios

Fidelity Devonshire Trust

Fidelity Exchange Fund

Fidelity Financial Trust

Fidelity Hanover Street Trust

Fidelity Hastings Street Trust

Fidelity Investment Trust

Fidelity Magellan Fund

Fidelity Mt. Vernon Street Trust

Fidelity Puritan Trust

Fidelity Securities Fund

Fidelity Select Portfolios

Fidelity Summer Street Trust

Fidelity Trend Fund

Variable Insurance Products Fund

Variable Insurance Products Fund II

Variable Insurance Products Fund III

Variable Insurance Products Fund IV

in addition to any other investment company for which Fidelity Management & Research Company ("FMR") or an affiliate acts as investment adviser and for which the undersigned individuals serve as Directors or Trustees (collectively, the "Funds"), hereby revoke all previous powers of attorney we have given to sign and otherwise act in our names and behalf in matters involving any investment company for which FMR or an affiliate acts as investment adviser and hereby constitute and appoint Thomas C. Bogle, Joseph R. Fleming, John V. O'Hanlon, Robert W. Helm and Anthony H. Zacharski, each of them singly, our true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for us and in our names in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, or any successors thereto, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statements or any successors thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in our names and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. We hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after December 1, 2011.

WITNESS our hands on this first day of December 1, 2011.

/s/James C. Curvey

/s/Robert W. Selander

James C. Curvey

 

 

Robert W. Selander

/s/Ronald P. O'Hanley

/s/Cornelia M. Small

Ronald P. O'Hanley

 

 

Cornelia M. Small

 

 

/s/Dennis J. Dirks

/s/William S. Stavropoulos

Dennis J. Dirks

 

 

William S. Stavropoulos

/s/Alan J. Lacy

/s/David M. Thomas

Alan J. Lacy

 

 

David M. Thomas

/s/Ned C. Lautenbach

/s/Michael E. Wiley

Ned C. Lautenbach

Michael E. Wiley

/s/Joseph Mauriello

 

Joseph Mauriello

 

EX-101.PRE 3 fsp2-20130328_pre.xml EX-101.INS 4 fsp2-20130328.xml 0000320351 2012-04-02 2013-04-01 0000320351 fsp2:S000039312Member 2012-04-02 2013-04-01 0000320351 fsp2:S000039312Member fsp2:C000121123Member 2012-04-02 2013-04-01 0000320351 fsp2:S000039312Member fsp2:BeforeTaxesMember fsp2:C000121123Member 2012-04-02 2013-04-01 0000320351 fsp2:S000039312Member rr:AfterTaxesOnDistributionsMember fsp2:C000121123Member 2012-04-02 2013-04-01 0000320351 fsp2:S000039312Member rr:AfterTaxesOnDistributionsAndSalesMember fsp2:C000121123Member 2012-04-02 2013-04-01 0000320351 fsp2:S000039312Member fsp2:SAndPFiveHundredIndexMember 2012-04-02 2013-04-01 0000320351 fsp2:S000039312Member fsp2:RussellThreeThousandUtilitiesIndexMember 2012-04-02 2013-04-01 pure iso4217:USD 2013-04-01 485BPOS FIDELITY SELECT PORTFOLIOS 0000320351 false 2013-03-28 2013-04-01 2013-01-31 <font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund:</b><br/><b>Fidelity</b><sup>&reg;</sup><b>Telecom and Utilities Fund</b></font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks high total return through a combination of current income and capital appreciation.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font> 0 <font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual fund operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font> 0.0058 0 0.0025 0.0083 <font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:</font> 85 265 460 1025 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 96% of the average value of its portfolio.</font> 0.96 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in common stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in securities of telecommunications services companies and utility companies. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. </font></li></ul> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in securities of telecommunications services companies and utility companies. </font></li></ul> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Utilities Industry Concentration.</i> The utilities industries can be significantly affected by government regulation, financing difficulties, supply and demand of services or fuel, intense competition, and natural resource conservation.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.</font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.fidelity.com for updated return information.</font> <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="3">In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund.</font> <font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> <font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time.</font> <font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font> <font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font> <table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">19.40%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2003</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">-19.49%</font></i> </div></td><td><div align="left"><i><font size="-1">September 30, 2008</font></i></div></td></tr></table> <font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font> 2003-06-30 0.194 <font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font> 2008-09-30 -0.1949 0.2088 0.2113 0.099 0.3052 0.1083 -0.3455 0.1108 0.1733 0.1187 0.1007 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font> <font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font> <font style="FONT-FAMILY: Times New Roman" size="3">Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.</font> <font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares</b></font> <font style="FONT-FAMILY: Times New Roman" >S&P 500<sup>&#174;</sup> Index</font> <font style="FONT-FAMILY: Times New Roman" >Russell 3000<sup>&#174;</sup> Utilities Index</font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Telecom and Utilities Fund</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Telecom and Utilities Fund</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Telecom and Utilities Fund</b></font> 0.1007 0.0968 0.0705 0.16 0.0767 0.0099 0.0054 0.0075 0.0166 0.0147 0.0935 0.0896 0.0824 0.071 0.0839 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityTelecomandUtilitiesFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityTelecomandUtilitiesFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityTelecomandUtilitiesFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityTelecomandUtilitiesFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityTelecomandUtilitiesFund column period compact * ~</div> EX-101.SCH 5 fsp2-20130328.xsd 000000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - Fidelity Telecom and Utilities Fund link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees {- Fidelity Telecom and Utilities Fund} link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses {- Fidelity Telecom and Utilities Fund} link:calculationLink link:presentationLink link:definitionLink 000014 - Schedule - Expense Example {- Fidelity Telecom and Utilities Fund} link:presentationLink link:calculationLink link:definitionLink 000015 - Schedule - Expense Example, No Redemption {Transposed} {- Fidelity Telecom and Utilities Fund} link:presentationLink link:calculationLink link:definitionLink 000016 - Schedule - Annual Total Returns - Fidelity Telecom and Utilities Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000017 - Schedule - Average Annual Total Returns {Transposed} {- Fidelity Telecom and Utilities Fund} link:presentationLink link:calculationLink link:definitionLink 000018 - Document - Risk/Return Detail {Unlabeled} - Fidelity Telecom and Utilities Fund link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - Fidelity Telecom and Utilities Fund link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 6 fsp2-20130328_def.xml EX-101.LAB 7 fsp2-20130328_lab.xml EX-101.CAL 8 fsp2-20130328_cal.xml XML 9 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FIDELITY SELECT PORTFOLIOS
Prospectus Date rr_ProspectusDate Apr. 01, 2013
Document Creation Date dei_DocumentCreationDate Mar. 28, 2013
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FIDELITY SELECT PORTFOLIOS
Prospectus Date rr_ProspectusDate Apr. 01, 2013
Fidelity Telecom and Utilities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summary

Fund:
Fidelity®Telecom and Utilities Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund seeks high total return through a combination of current income and capital appreciation.
Expense [Heading] rr_ExpenseHeading Fee Table
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses that you pay each year as a % of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 96% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 96.00%
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds.

Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
  • Normally investing primarily in common stocks.
  • Normally investing at least 80% of assets in securities of telecommunications services companies and utility companies.
  • Investing in domestic and foreign issuers.
  • Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration
  • Normally investing at least 80% of assets in securities of telecommunications services companies and utility companies.
Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
  • Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market and different types of securities can react differently to these developments.
  • Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.
  • Utilities Industry Concentration. The utilities industries can be significantly affected by government regulation, financing difficulties, supply and demand of services or fuel, intense competition, and natural resource conservation.
  • Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund.

An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit www.fidelity.com for updated return information.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.fidelity.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Year-by-Year Returns
Calendar Years
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
During the periods shown in the chart:
Returns
Quarter ended
Highest Quarter Return
19.40%
June 30, 2003
Lowest Quarter Return
-19.49%
September 30, 2008
Performance Table Heading rr_PerformanceTableHeading Average Annual Returns
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.

For the periods ended
December 31, 2012
Fidelity Telecom and Utilities Fund | Class: Fidelity Telecom and Utilities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Shareholder fees (fees paid directly from your investment) rr_ShareholderFeeOther none
Management fee (fluctuates based on the fund's performance relative to a securities market index) rr_ManagementFeesOverAssets 0.58%
Distribution and/or Service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.25%
Total annual fund operating expenses rr_ExpensesOverAssets 0.83%
1 year rr_ExpenseExampleYear01 85
3 years rr_ExpenseExampleYear03 265
5 years rr_ExpenseExampleYear05 460
10 years rr_ExpenseExampleYear10 1,025
2003 rr_AnnualReturn2003 20.88%
2004 rr_AnnualReturn2004 21.13%
2005 rr_AnnualReturn2005 9.90%
2006 rr_AnnualReturn2006 30.52%
2007 rr_AnnualReturn2007 10.83%
2008 rr_AnnualReturn2008 (34.55%)
2009 rr_AnnualReturn2009 11.08%
2010 rr_AnnualReturn2010 17.33%
2011 rr_AnnualReturn2011 11.87%
2012 rr_AnnualReturn2012 10.07%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 19.40%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.49%)
Fidelity Telecom and Utilities Fund | Return Before Taxes | Class: Fidelity Telecom and Utilities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity Telecom and Utilities Fund
Label rr_AverageAnnualReturnLabel Return Before Taxes
Past 1 year rr_AverageAnnualReturnYear01 10.07%
Past 5 years rr_AverageAnnualReturnYear05 0.99%
Past 10 years rr_AverageAnnualReturnYear10 9.35%
Fidelity Telecom and Utilities Fund | Return After Taxes on Distributions | Class: Fidelity Telecom and Utilities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity Telecom and Utilities Fund
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Past 1 year rr_AverageAnnualReturnYear01 9.68%
Past 5 years rr_AverageAnnualReturnYear05 0.54%
Past 10 years rr_AverageAnnualReturnYear10 8.96%
Fidelity Telecom and Utilities Fund | Return After Taxes on Distributions and Sale of Fund Shares | Class: Fidelity Telecom and Utilities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity Telecom and Utilities Fund
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Past 1 year rr_AverageAnnualReturnYear01 7.05%
Past 5 years rr_AverageAnnualReturnYear05 0.75%
Past 10 years rr_AverageAnnualReturnYear10 8.24%
Fidelity Telecom and Utilities Fund | S&P 500® Index (reflects no deduction for fees, expenses, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index
Past 1 year rr_AverageAnnualReturnYear01 16.00%
Past 5 years rr_AverageAnnualReturnYear05 1.66%
Past 10 years rr_AverageAnnualReturnYear10 7.10%
Fidelity Telecom and Utilities Fund | Russell 3000® Utilities Index (reflects no deduction for fees, expenses, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 3000® Utilities Index
Past 1 year rr_AverageAnnualReturnYear01 7.67%
Past 5 years rr_AverageAnnualReturnYear05 1.47%
Past 10 years rr_AverageAnnualReturnYear10 8.39%
XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fidelity Telecom and Utilities Fund
Fund Summary

Fund:
Fidelity®Telecom and Utilities Fund
Investment Objective
The fund seeks high total return through a combination of current income and capital appreciation.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.
Shareholder fees
(fees paid directly from your investment)
Shareholder Fees (USD $)
Fidelity Telecom and Utilities Fund
Class: Fidelity Telecom and Utilities Fund
Shareholder fees (fees paid directly from your investment) none
Annual fund operating expenses
(expenses that you pay each year as a % of the value of your investment)
Annual Fund Operating Expenses
Fidelity Telecom and Utilities Fund
Class: Fidelity Telecom and Utilities Fund
Management fee (fluctuates based on the fund's performance relative to a securities market index) 0.58%
Distribution and/or Service (12b-1) fees none
Other expenses 0.25%
Total annual fund operating expenses 0.83%
This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds.

Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:
Expense Example (USD $)
Fidelity Telecom and Utilities Fund
Class: Fidelity Telecom and Utilities Fund
1 year 85
3 years 265
5 years 460
10 years 1,025
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 96% of the average value of its portfolio.
Principal Investment Strategies
  • Normally investing primarily in common stocks.
  • Normally investing at least 80% of assets in securities of telecommunications services companies and utility companies.
  • Investing in domestic and foreign issuers.
  • Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Principal Investment Risks
  • Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market and different types of securities can react differently to these developments.
  • Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.
  • Utilities Industry Concentration. The utilities industries can be significantly affected by government regulation, financing difficulties, supply and demand of services or fuel, intense competition, and natural resource conservation.
  • Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund.

An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit www.fidelity.com for updated return information.
Year-by-Year Returns
Calendar Years
Bar Chart
During the periods shown in the chart:
Returns
Quarter ended
Highest Quarter Return
19.40%
June 30, 2003
Lowest Quarter Return
-19.49%
September 30, 2008
Average Annual Returns
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.

For the periods ended
December 31, 2012
Average Annual Total Returns Fidelity Telecom and Utilities Fund
Past 1 year
Past 5 years
Past 10 years
Class: Fidelity Telecom and Utilities Fund Return Before Taxes
10.07% 0.99% 9.35%
Class: Fidelity Telecom and Utilities Fund Return After Taxes on Distributions
9.68% 0.54% 8.96%
Class: Fidelity Telecom and Utilities Fund Return After Taxes on Distributions and Sale of Fund Shares
7.05% 0.75% 8.24%
S&P 500® Index (reflects no deduction for fees, expenses, or taxes)
16.00% 1.66% 7.10%
Russell 3000® Utilities Index (reflects no deduction for fees, expenses, or taxes)
7.67% 1.47% 8.39%
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Document and Entity Information
12 Months Ended
Apr. 01, 2013
Risk/Return:  
Document Type 485BPOS
Document Period End Date Jan. 31, 2013
Registrant Name FIDELITY SELECT PORTFOLIOS
Central Index Key 0000320351
Amendment Flag false
Document Creation Date Mar. 28, 2013
Document Effective Date Apr. 01, 2013
Prospectus Date Apr. 01, 2013
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