0001379491-16-004408.txt : 20160613 0001379491-16-004408.hdr.sgml : 20160613 20160613114647 ACCESSION NUMBER: 0001379491-16-004408 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160613 DATE AS OF CHANGE: 20160613 EFFECTIVENESS DATE: 20160613 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-69972 FILM NUMBER: 161710268 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 S000007453 Air Tranportation Portfolio C000020427 Air Transportation Portfolio FSAIX 0000320351 S000007454 Consumer Discretionary Portfolio C000020428 Consumer Discretionary Portfolio FSCPX 0000320351 S000007455 Industrials Portfolio C000020429 Industrials Portfolio FCYIX 0000320351 S000007456 Defense and Aerospace Portfolio C000020430 Defense and Aerospace Portfolio FSDAX 0000320351 S000007457 Communications Equipment Portfolio C000020431 Communications Equipment Portfolio FSDCX 0000320351 S000007458 Electronics Portfolio C000020432 Electronics Portfolio FSELX 0000320351 S000007459 Energy Portfolio C000020433 Energy Portfolio FSENX 0000320351 S000007460 Energy Service Portfolio C000020434 Energy Service Portfolio FSESX 0000320351 S000007461 Environment and Alternative Energy Portfolio C000020435 Environment and Alternative Energy Portfolio FSLEX 0000320351 S000007462 Financial Services Portfolio C000020436 Financial Services Portfolio FIDSX 0000320351 S000007463 Consumer Staples Portfolio C000020437 Consumer Staples Portfolio FDFAX 0000320351 S000007464 Automotive Portfolio C000020438 Automotive Portfolio FSAVX 0000320351 S000007465 Gold Portfolio C000020439 Gold Portfolio FSAGX 0000320351 S000007466 Health Care Portfolio C000020440 Health Care Portfolio FSPHX 0000320351 S000007467 Consumer Finance Portfolio C000020441 Consumer Finance Portfolio FSVLX 0000320351 S000007468 Industrial Equipment Portfolio C000020442 Industrial Equipment Portfolio FSCGX 0000320351 S000007469 Materials Portfolio C000020443 Materials Portfolio FSDPX 0000320351 S000007470 Insurance Portfolio C000020444 Insurance Portfolio FSPCX 0000320351 S000007471 Leisure Portfolio C000020445 Leisure Portfolio FDLSX 0000320351 S000007472 Health Care Services Portfolio C000020446 Health Care Services Portfolio FSHCX 0000320351 S000007473 Medical Equipment and Systems Portfolio C000020447 Medical Equipment and Systems Portfolio FSMEX 0000320351 S000007475 Banking Portfolio C000020449 Banking Portfolio FSRBX 0000320351 S000007476 Multimedia Portfolio C000020450 Multimedia Portfolio FBMPX 0000320351 S000007477 Natural Gas Portfolio C000020451 Natural Gas Portfolio FSNGX 0000320351 S000007478 Natural Resources Portfolio C000020452 Natural Resources Portfolio FNARX 0000320351 S000007481 Pharmaceuticals Portfolio C000020455 Pharmaceuticals Portfolio FPHAX 0000320351 S000007482 Retailing Portfolio C000020456 Retailing Portfolio FSRPX 0000320351 S000007483 Software and IT Services Portfolio C000020457 Software and IT Services Portfolio FSCSX 0000320351 S000007484 Technology Portfolio C000020458 Technology Portfolio FSPTX 0000320351 S000007485 Telecommunications Portfolio C000020459 Telecommunications Portfolio FSTCX 0000320351 S000007486 Biotechnology Portfolio C000020460 Biotechnology Portfolio FBIOX 0000320351 S000007487 Transportation Portfolio C000020461 Transportation Portfolio FSRFX 0000320351 S000007488 Utilities Portfolio C000020462 Utilities Portfolio FSUTX 0000320351 S000007489 Wireless Portfolio C000020463 Wireless Portfolio FWRLX 0000320351 S000007490 Brokerage and Investment Management Portfolio C000020464 Brokerage and Investment Management Portfolio FSLBX 0000320351 S000007491 IT Services Portfolio C000020465 IT Services Portfolio FBSOX 0000320351 S000007492 Chemicals Portfolio C000020466 Chemicals Portfolio FSCHX 0000320351 S000007493 Computers Portfolio C000020467 Computers Portfolio FDCPX 0000320351 S000007494 Construction and Housing Portfolio C000020468 Construction and Housing Portfolio FSHOX 497 1 filing995.htm PRIMARY DOCUMENT

Supplement to the
Fidelity® Select Portfolios®
April 29, 2016
STATEMENT OF ADDITIONAL INFORMATION

Janet Glazer and Tobias Welo have replaced Boris Shepov as co-managers of Industrial Equipment Portfolio.

The following information replaces similar information found in the "Trustees and Officers" section.

The following table sets forth information describing the compensation of each Trustee and Member of the Advisory Board (if any) for his or her services for the fiscal year ended February 29, 2016, or calendar year ended December 31, 2015, as applicable.

Compensation Table (1)  
AGGREGATE
COMPENSATION
FROM A FUND 		Donald F.Donahue (2)  David A.Rosow Garnett A.Smith Michael E.Wiley 
Air Transportation Portfolio $758 $2,133 $2,059 $2,330 
Automotive Portfolio $197 $521 $503 $569 
Banking Portfolio $1,383 $3,004 $2,902 $3,284 
Biotechnology Portfolio (3)  $29,382 $67,986 $65,672 $74,322 
Brokerage and Investment Management Portfolio (4)  $862 $2,329 $2,249 $2,546 
Chemicals Portfolio (5)  $2,328 $6,075 $5,863 $6,636 
Communications Equipment Portfolio $396 $1,018 $983 $1,112 
Computers Portfolio (6)  $1,025 $2,855 $2,756 $3,120 
Construction and Housing Portfolio $1,079 $2,229 $2,153 $2,435 
Consumer Discretionary Portfolio $2,564 $5,492 $5,305 $6,002 
Consumer Finance Portfolio $221 $559 $539 $610 
Consumer Staples Portfolio (7)  $5,810 $13,337 $12,878 $14,570 
Defense and Aerospace Portfolio (8)  $1,818 $4,220 $4,074 $4,609 
Electronics Portfolio (9)  $3,024 $8,472 $8,173 $9,252 
Energy Portfolio (10)  $3,871 $9,415 $9,089 $10,286 
Energy Service Portfolio (11)  $1,041 $2,815 $2,716 $3,075 
Environment and Alternative Energy Portfolio $158 $375 $362 $410 
Financial Services Portfolio $2,593 $6,183 $5,971 $6,757 
Gold Portfolio (12)  $1,771 $4,306 $4,156 $4,703 
Health Care Portfolio (13)  $18,558 $45,062 $43,522 $49,254 
Health Care Services Portfolio (14)  $2,016 $4,472 $4,320 $4,888 
Industrial Equipment Portfolio $287 $758 $731 $827 
Industrials Portfolio (15)  $2,302 $5,232 $5,052 $5,717 
Insurance Portfolio $979 $2,037 $1,968 $2,226 
IT Services Portfolio $3,934 $6,866 $6,632 $7,499 
Leisure Portfolio $967 $2,149 $2,076 $2,349 
Materials Portfolio (16)  $3,233 $8,181 $7,899 $8,940 
Medical Equipment and Systems Portfolio (17)  $4,109 $9,568 $9,240 $10,455 
Multimedia Portfolio $1,429 $3,493 $3,373 $3,817 
Natural Gas Portfolio (18)  $657 $1,921 $1,854 $2,099 
Natural Resources Portfolio (19)  $1,137 $2,982 $2,879 $3,258 
Pharmaceuticals Portfolio (20)  $4,224 $9,697 $9,368 $10,600 
Retailing Portfolio $3,471 $5,930 $5,725 $6,472 
Software and IT Services Portfolio (21)  $6,387 $13,827 $13,351 $15,105 
Technology Portfolio (22)  $6,062 $13,326 $12,867 $14,559 
Telecommunications Portfolio $1,134 $2,174 $2,100 $2,375 
Transportation Portfolio $980 $3,104 $2,995 $3,391 
Utilities Portfolio $1,405 $3,604 $3,479 $3,937 
Wireless Portfolio $470 $1,135 $1,096 $1,240 
TOTAL COMPENSATION
FROM THE FUND COMPLEX (23)  		$99,000 $392,000 $378,500 $428,500 

(1)  Brian B. Hogan is an interested person and is compensated by Fidelity.

(2)  Effective October 1, 2015, Mr. Donahue serves as a Member of the Advisory Board.

(3)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $19,741, Garnett A. Smith, $60,549, and Michael E. Wiley, $59,101.

(4)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $576, Garnett A. Smith, $2,078, and Michael E. Wiley, $2,023.

(5)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $1,612, Garnett A. Smith, $5,409, and Michael E. Wiley, $5,267.

(6)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $689, Garnett A. Smith, $2,547, and Michael E. Wiley, $2,477.

(7)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $4,004, Garnett A. Smith, $11,845, and Michael E. Wiley, $11,561.

(8)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $1,265, Garnett A. Smith, $3,749, and Michael E. Wiley, $3,658.

(9)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $2,098, Garnett A. Smith, $7,548, and Michael E. Wiley, $7,341.

(10)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $2,664, Garnett A. Smith, $8,379, and Michael E. Wiley, $8,168.

(11)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $707, Garnett A. Smith, $2,508, and Michael E. Wiley, $2,441.

(12)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $1,219, Garnett A. Smith, $3,827, and Michael E. Wiley, $3,730.

(13)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $12,454, Garnett A. Smith, $40,123, and Michael E. Wiley, $39,125.

(14)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $1,375, Garnett A. Smith, $3,975, and Michael E. Wiley, $3,882.

(15)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $1,587, Garnett A. Smith, $4,654, and Michael E. Wiley, $4,543.

(16)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $2,208, Garnett A. Smith, $7,289, and Michael E. Wiley, $7,101.

(17)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $2,811, Garnett A. Smith, $8,508, and Michael E. Wiley, $8,302.

(18)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $445, Garnett A. Smith, $1,714, and Michael E. Wiley, $1,665.

(19)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $776, Garnett A. Smith, $2,657, and Michael E. Wiley, $2,587.

(20)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $2,838, Garnett A. Smith, $8,628, and Michael E. Wiley, $8,423.

(21)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $4,469, Garnett A. Smith, $12,280, and Michael E. Wiley, $12,001.

(22)  Compensation figures include cash and may include amounts elected to be deferred. Certain individuals' aggregate compensation from the fund includes accrued voluntary deferred compensation as follows: Donald F. Donahue, $4,229, Garnett A. Smith, $11,839, and Michael E. Wiley, $11,566.

(23)  Reflects compensation received for the calendar year ended December 31, 2015 for 75 funds of 4 trusts. Compensation figures include cash and may include amounts elected to be deferred. Certain individuals elected voluntarily to defer a portion of their compensation as follows: Donald F. Donahue, $40,192; Garnett A. Smith, $248,091; and Michael E. Wiley, $240,000.

The following information replaces similar information found in the “Management Contracts” section.

The following table provides information relating to other accounts managed by Ms. Glazer as of April 30, 2016:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 1 none none 
Number of Accounts Managed with Performance-Based Advisory Fees none none none 
Assets Managed (in millions) $190 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) none none none 

* Includes Industrial Equipment Portfolio ($190 (in millions) assets managed).

As of April 30, 2016, the dollar range of shares of Industrial Equipment Portfolio beneficially owned by Ms. Glazer was none.

The following table provides information relating to other accounts managed by Mr. Welo as of April 30, 2016:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 15 none 1 
Number of Accounts Managed with Performance-Based Advisory Fees 2 none none 
Assets Managed (in millions) $7,842 none $0 
Assets Managed with Performance-Based Advisory Fees (in millions) $2,138 none none 

* Includes Industrial Equipment Portfolio ($190 (in millions) assets managed).

As of April 30, 2016, the dollar range of shares of Industrial Equipment Portfolio beneficially owned by Mr. Welo was none.


SELB-16-04
1.475630.191
June 13, 2016