0001193125-24-054805.txt : 20240301 0001193125-24-054805.hdr.sgml : 20240301 20240301092801 ACCESSION NUMBER: 0001193125-24-054805 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 EFFECTIVENESS DATE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-69972 FILM NUMBER: 24707368 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 S000007455 Industrials Portfolio C000020429 Industrials Portfolio FCYIX 497K 1 d691397d497k.htm FIDELITY SELECT PORTFOLIOS FIDELITY SELECT PORTFOLIOS

Supplement to the

Fidelity® Select Portfolios®

Industrials Portfolio

April 29, 2023

Summary Prospectus

Effective March 1, 2024, the fund’s management contract was amended to incorporate administrative services previously covered under separate services agreements. The amended contract incorporates a management fee rate that may vary by class. The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class’s management fee.

The following information replaces similar information for Industrials Portfolio found in the “Fund Summary” section under the “Fee Table” heading.

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

 

Management fee

   0.67%A,B   

Distribution and/or Service (12b-1) fees

   None    

Other expenses

   0.03%B   
 

 

Total annual operating expenses

   0.70%   

A The management fee covers administrative services previously provided under separate services agreements with the fund, for which 0.19% was previously charged under the services agreements.

B Adjusted to reflect current fees.

 

1 year

    $ 72    

3 years

    $ 224    

5 years

    $ 390    

10 years

    $ 871    

Janet Glazer no longer serves as Portfolio Manager of the fund.

The following information replaces similar information found in the “Fund Summary” section under the “Portfolio Manager(s)” heading.

David Wagner (Portfolio Manager) has managed the fund since 2023.

 

CYC-SUSTK-0324-102

1.9880383.102

   March 1, 2024