485BPOS

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. 119	[X]
and
REGISTRATION STATEMENT (No. 811-03114)
	UNDER THE INVESTMENT COMPANY ACT OF 1940	[X]
	Amendment No. 119	[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
Marc Bryant, Secretary
245 Summer Street
Boston, Massachusetts 02210
(Name and Address of Agent for Service)
It is proposed that this filing will become effective immediately upon filing pursuant to paragraph (b).

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. 119 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 18th day of April 2016.

Fidelity Select Portfolios

	By	/s/Adrien E. Deberghes
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||		Adrien E. Deberghes, 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/Adrien E. Deberghes		President and Treasurer	April 18, 2016
Adrien E. Deberghes		(Principal Executive Officer)
/s/Howard J. Galligan III		Chief Financial Officer	April 18, 2016
Howard J. Galligan III		(Principal Financial Officer)
/s/Brian B. Hogan	*	Trustee	April 18, 2016
Brian B. Hogan
/s/David A. Rosow	*	Trustee	April 18, 2016
David A. Rosow
/s/Garnett A. Smith	*	Trustee	April 18, 2016
Garnett A. Smith
/s/Michael E. Wiley	*	Trustee	April 18, 2016
Michael E. Wiley

*	By:	/s/Megan C. Johnson
		Megan C. Johnson, pursuant to a power of attorney dated November 1, 2014 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 VII Fidelity Covington Trust Fidelity Select Portfolios Variable Insurance Products Fund IV

in addition to any other investment company for which Fidelity SelectCo, LLC (“SelectCo”) 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 SelectCo 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, Megan C. Johnson, 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 November 1, 2014.

WITNESS our hands on this 1st day of November 2014.

/s/Brian B. Hogan	/s/Garnett A. Smith
Brian B. Hogan	Garnett A. Smith
/s/David A. Rosow	/s/Michael E. Wiley
David A. Rosow	Michael E. Wiley

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Document Type	dei_DocumentType	485BPOS
Document Period End Date	dei_DocumentPeriodEndDate	Jan. 31, 2016
Registrant Name	dei_EntityRegistrantName	Fidelity Select Portfolios
Central Index Key	dei_EntityCentralIndexKey	0000320351
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Mar. 29, 2016
Document Effective Date	dei_DocumentEffectiveDate	Mar. 31, 2016
Prospectus Date	rr_ProspectusDate	Mar. 31, 2016

XML

01.31 Fidelity Telecom and Utilities Fund PRO-01 | 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

Shareholder Fees {- Fidelity® Telecom and Utilities Fund}	01.31 Fidelity Telecom and Utilities Fund PRO-01 Fidelity® Telecom and Utilities Fund USD ($)
(fees paid directly from your investment)	none

Annual Operating Expenses

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

Annual Operating Expenses {- Fidelity® Telecom and Utilities Fund}	01.31 Fidelity Telecom and Utilities Fund PRO-01 Fidelity® Telecom and Utilities Fund Fidelity Telecom and Utilities Fund-Default
Management fee (fluctuates based on the fund's performance relative to a securities market index)	0.53%
Distribution and/or Service (12b-1) fees	none
Other expenses	0.23%
Total annual operating expenses	0.76%

This example helps compare the cost of investing in the fund with the cost of investing in other 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:

Sell All Shares

Expense Example {- Fidelity® Telecom and Utilities Fund}	01.31 Fidelity Telecom and Utilities Fund PRO-01 Fidelity® Telecom and Utilities Fund Fidelity Telecom and Utilities Fund-Default USD ($)
1 year	$ 78
3 years	243
5 years	422
10 years	$ 942

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 65% 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, including different market sectors, 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, interest rate changes, financing difficulties, supply and demand of services or fuel, intense competition, natural resource conservation, and commodity price fluctuations.

• 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 Index Information section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

Calendar Years

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	14.93%	September 30, 2010
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, 2015

Average Annual Total Returns{- Fidelity® Telecom and Utilities Fund} - 01.31 Fidelity Telecom and Utilities Fund PRO-01 - Fidelity® Telecom and Utilities Fund	Past 1 year	Past 5 years	Past 10 years
Fidelity Telecom and Utilities Fund-Default | Return Before Taxes	(5.53%)	9.69%	6.96%
Fidelity Telecom and Utilities Fund-Default | After Taxes on Distributions	(6.45%)	9.03%	6.43%
Fidelity Telecom and Utilities Fund-Default | After Taxes on Distributions and Sales	(2.38%)	7.71%	5.66%
S&P 500® Index(reflects no deduction for fees, expenses, or taxes)	1.38%	12.57%	7.31%
Russell 3000® Utilities Index(reflects no deduction for fees, expenses, or taxes)	(1.74%)	9.81%	7.27%

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Registrant Name

dei_EntityRegistrantName

Fidelity Select Portfolios

Prospectus Date

rr_ProspectusDate

Mar. 31, 2016

01.31 Fidelity Telecom and Utilities Fund PRO-01 | 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)

rr_ShareholderFeeOther

none

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

Annual 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 65% of the average value of its portfolio.

Portfolio Turnover, Rate

rr_PortfolioTurnoverRate

65.00%

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 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 by, Year, Caption [Text]

rr_ExpenseExampleByYearCaption

Sell All Shares

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, including different market sectors, 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, interest rate changes, financing difficulties, supply and demand of services or fuel, intense competition, natural resource conservation, and commodity price fluctuations.

• 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 Index Information section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit www.fidelity.com for more recent performance 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	14.93%	September 30, 2010
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, 2015

01.31 Fidelity Telecom and Utilities Fund PRO-01 | Fidelity® Telecom and Utilities Fund | Fidelity Telecom and Utilities Fund-Default

Risk/Return:

rr_RiskReturnAbstract

Management fee (fluctuates based on the fund's performance relative to a securities market index)

rr_ManagementFeesOverAssets

0.53%

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

rr_DistributionAndService12b1FeesOverAssets

none

Other expenses

rr_OtherExpensesOverAssets

0.23%

Total annual operating expenses

rr_ExpensesOverAssets

0.76%

1 year

rr_ExpenseExampleYear01

$ 78

3 years

rr_ExpenseExampleYear03

243

5 years

rr_ExpenseExampleYear05

422

10 years

rr_ExpenseExampleYear10

$ 942

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%

2013

rr_AnnualReturn2013

20.50%

2014

rr_AnnualReturn2014

13.30%

2015

rr_AnnualReturn2015

(5.53%)

Highest Quarterly Return, Label

rr_HighestQuarterlyReturnLabel

Highest Quarter Return

Highest Quarterly Return, Date

rr_BarChartHighestQuarterlyReturnDate

Sep. 30, 2010

Highest Quarterly Return

rr_BarChartHighestQuarterlyReturn

14.93%

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%)

01.31 Fidelity Telecom and Utilities Fund PRO-01 | Fidelity® Telecom and Utilities Fund | Return Before Taxes | Fidelity Telecom and Utilities Fund-Default

Risk/Return:

rr_RiskReturnAbstract

Column

rr_AverageAnnualReturnColumnName

Fidelity® Telecom and Utilities Fund

Label

rr_AverageAnnualReturnLabel

Return Before Taxes

Past 1 year

rr_AverageAnnualReturnYear01

(5.53%)

Past 5 years

rr_AverageAnnualReturnYear05

9.69%

Past 10 years

rr_AverageAnnualReturnYear10

6.96%

01.31 Fidelity Telecom and Utilities Fund PRO-01 | Fidelity® Telecom and Utilities Fund | After Taxes on Distributions | Fidelity Telecom and Utilities Fund-Default

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

(6.45%)

Past 5 years

rr_AverageAnnualReturnYear05

9.03%

Past 10 years

rr_AverageAnnualReturnYear10

6.43%

01.31 Fidelity Telecom and Utilities Fund PRO-01 | Fidelity® Telecom and Utilities Fund | After Taxes on Distributions and Sales | Fidelity Telecom and Utilities Fund-Default

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

(2.38%)

Past 5 years

rr_AverageAnnualReturnYear05

7.71%

Past 10 years

rr_AverageAnnualReturnYear10

5.66%

01.31 Fidelity Telecom and Utilities Fund PRO-01 | Fidelity® Telecom and Utilities Fund | S&P 500® Index(reflects no deduction for fees, expenses, or taxes)

Risk/Return:

rr_RiskReturnAbstract

Past 1 year

rr_AverageAnnualReturnYear01

1.38%

Past 5 years

rr_AverageAnnualReturnYear05

12.57%

Past 10 years

rr_AverageAnnualReturnYear10

7.31%

01.31 Fidelity Telecom and Utilities Fund PRO-01 | Fidelity® Telecom and Utilities Fund | Russell 3000® Utilities Index(reflects no deduction for fees, expenses, or taxes)

Risk/Return:

rr_RiskReturnAbstract

Past 1 year

rr_AverageAnnualReturnYear01

(1.74%)

Past 5 years

rr_AverageAnnualReturnYear05

9.81%

Past 10 years

rr_AverageAnnualReturnYear10

7.27%

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Registrant Name	dei_EntityRegistrantName	Fidelity Select Portfolios
Prospectus Date	rr_ProspectusDate	Mar. 31, 2016
Document Creation Date	dei_DocumentCreationDate	Mar. 29, 2016