Supplement to the
Fidelity® Select Portfolios®
Air Transportation Portfolio (FSAIX), Automotive Portfolio (FSAVX), Banking Portfolio (FSRBX), Biotechnology Portfolio (FBIOX), Brokerage and Investment Management Portfolio (FSLBX), Chemicals Portfolio (FSCHX), Communications Equipment Portfolio (FSDCX), Computers Portfolio (FDCPX), Construction and Housing Portfolio (FSHOX), Consumer Discretionary Portfolio (FSCPX), Consumer Finance Portfolio (FSVLX), Consumer Staples Portfolio (FDFAX), Defense and Aerospace Portfolio (FSDAX), Electronics Portfolio (FSELX), Energy Portfolio (FSENX), Energy Service Portfolio (FSESX), Environment and Alternative Energy Portfolio (FSLEX), Financial Services Portfolio (FIDSX), Gold Portfolio (FSAGX), Health Care Portfolio (FSPHX), Industrial Equipment Portfolio (FSCGX), Industrials Portfolio (FCYIX), Insurance Portfolio (FSPCX), IT Services Portfolio (FBSOX), Leisure Portfolio (FDLSX), Materials Portfolio (FSDPX), Medical Delivery Portfolio (FSHCX), Medical Equipment and Systems Portfolio (FSMEX), Multimedia Portfolio (FBMPX), Natural Gas Portfolio (FSNGX), Natural Resources Portfolio (FNARX), Pharmaceuticals Portfolio (FPHAX), Retailing Portfolio (FSRPX), Software and Computer Services Portfolio (FSCSX), Technology Portfolio (FSPTX), Telecommunications Portfolio (FSTCX), Transportation Portfolio (FSRFX), Utilities Portfolio (FSUTX), and Wireless Portfolio (FWRLX)
Consumer Staples Portfolio is a Class of shares of Consumer Staples Portfolio; Gold Portfolio is a Class of shares of Gold Portfolio; Materials Portfolio is a Class of shares of Materials Portfolio; and Telecommunications Portfolio is a Class of shares of Telecommunications Portfolio
Funds of Fidelity Select Portfolios
STATEMENT OF ADDITIONAL INFORMATION
April 29, 2014
Peter Dixon has replaced Gordon Scott as the portfolio manager of Consumer Discretionary Portfolio.
The following information supplements similar information found in the "Management Contracts" section beginning on page 62.
The following table provides information relating to other accounts managed by Mr. Dixon as of July 31, 2014:
|
Registered |
Other Pooled |
Other |
Number of Accounts Managed |
7 |
none |
none |
Number of Accounts Managed with Performance-Based Advisory Fees |
1 |
none |
none |
Assets Managed (in millions) |
$ 3,116 |
none |
none |
Assets Managed with Performance-Based Advisory Fees (in millions) |
$ 474 |
none |
none |
* Includes Consumer Discretionary Portfolio ($779 (in millions) assets managed).
Sector Fund Manager |
Select Fund(s) |
Dollar Range of Shares owned |
Peter Dixon |
Consumer Discretionary Portfolio |
none |
Deena Friedman serves as co-manager of Retailing Portfolio.
The following information supplements similar information found in the "Management Contracts" section beginning on page 62.
The following table provides information relating to other accounts managed by Ms. Friedman as of July 31, 2014:
|
Registered |
Other Pooled |
Other |
Number of Accounts Managed |
1 |
none |
none |
Number of Accounts Managed with Performance-Based Advisory Fees |
none |
none |
none |
Assets Managed (in millions) |
$ 753 |
none |
none |
Assets Managed with Performance-Based Advisory Fees (in millions) |
none |
none |
none |
* Includes Retailing Portfolio ($753 (in millions) assets managed).
SELB-14-04 September 18, 2014 1.475630.181
Sector Fund Manager |
Select Fund(s) |
Dollar Range of Shares owned |
Deena Friedman |
Retailing Portfolio |
$10,001-$50,000 |
Ali Khan serves as co-manager of Software and Computer Services Portfolio.
The following information supplements similar information found in the "Management Contracts" section beginning on page 62.
The following table provides information relating to other accounts managed by Mr. Khan as of July 31, 2014:
|
Registered |
Other Pooled |
Other |
Number of Accounts Managed |
3 |
none |
none |
Number of Accounts Managed with Performance-Based Advisory Fees |
none |
none |
none |
Assets Managed (in millions) |
$ 3,286 |
none |
none |
Assets Managed with Performance-Based Advisory Fees (in millions) |
none |
none |
none |
* Includes Software and Computer Services Portfolio ($3,011 (in millions) assets managed).
Sector Fund Manager |
Select Fund(s) |
Dollar Range of Shares owned |
Ali Khan |
Software and Computer Services Portfolio |
$10,001-$50,000 |