0001193125-24-054807.txt : 20240301 0001193125-24-054807.hdr.sgml : 20240301 20240301092802 ACCESSION NUMBER: 0001193125-24-054807 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: 24707370 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 S000039314 Fidelity International Real Estate Fund C000121125 Fidelity Advisor International Real Estate Fund: Class A FIRAX C000121127 Fidelity Advisor International Real Estate Fund: Class C FIRCX C000121128 Fidelity Advisor International Real Estate Fund: Class M FIRTX C000121129 Fidelity International Real Estate Fund FIREX C000121130 Fidelity Advisor International Real Estate Fund: Class I FIRIX C000205046 Fidelity Advisor International Real Estate Fund: Class Z FIKLX 497K 1 d605071d497k.htm FIDELITY SELECT PORTFOLIOS FIDELITY SELECT PORTFOLIOS

Supplement to the

Fidelity® International Real Estate Fund

Class A, Class M, Class C, Class I, and Class Z

September 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 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)

 

    Class A   Class M   Class C   Class I   Class Z

Management fee

   0.88%A,B    0.88%A,B    0.88%A,B    0.84%A,B    0.72%A,B  

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

   0.25%   0.50%   1.00%   None    None 

Other expenses

   0.04%B   0.04%B   0.04%B   0.04%B   0.04%B
 

 

  

 

  

 

  

 

  

 

Total annual operating expenses

   1.17%   1.42%   1.92%   0.88%   0.76%

A The management fee covers administrative services previously provided under separate services agreements with the fund, for which 0.25% for Class A, 0.25% for Class M, 0.25% for Class C, 0.21% for Class I, and 0.09% for Class Z was previously charged under the services agreements.

B Adjusted to reflect current fees.

 

    Class A   Class M   Class C   Class I   Class Z
   

Sell All

Shares

  

Hold

Shares

  

Sell All

Shares

  

Hold

Shares

  

Sell All

Shares

  

Hold

Shares

  

Sell All

Shares

  

Hold

Shares

  

Sell All

Shares

  

Hold

Shares

1 year

   $ 687     $ 687     $ 489     $ 489     $ 295     $ 195     $ 90      $ 90      $ 78    $ 78 

3 years

   $ 925     $ 925     $ 784     $ 784     $ 603     $ 603     $ 281     $ 281     $ 243   $ 243

5 years

   $ 1,182   $ 1,182   $ 1,099   $ 1,099   $ 1,037   $ 1,037   $ 488     $ 488     $ 422   $ 422

10 years

   $ 1,914   $ 1,914   $ 1,992   $ 1,992   $ 2,048   $ 2,048   $ 1,084   $ 1,084   $ 942   $ 942

 

AIRE-SUSTK-0324-104

1.9881420.104

      March 1, 2024  

Supplement to the

Fidelity® International Real Estate Fund

September 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 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

    0.84%A,B   

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

    None   

Other expenses

    0.04%B   
  

 

Total annual operating expenses

    0.88%   

A The management fee covers administrative services previously provided under separate services agreements with the fund, for which 0.25% was previously charged under the services agreements.

B Adjusted to reflect current fees.

 

1 year

    $ 90    

3 years

    $ 281    

5 years

    $ 488    

10 years

    $ 1,084    

 

 

IRE-SUSTK-0324-101

1.9886547.101

    March 1, 2024