Securities Act of 1933 Registration No. 002-69972
Investment Company Act of 1940 Registration No. 811-03114
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 x
o Pre-Effective Amendment No. ______
x Post-Effective Amendment No. 127
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 x
x Amendment No. 127
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. 127 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 8th day of March 2017.
| Fidelity Select Portfolios | ||
| By | /s/Adrien E. Deberghes |
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| Adrien E. Deberghes, President |
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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) |
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/s/Adrien E. Deberghes |
| President and Treasurer | March 8, 2017 |
Adrien E. Deberghes |
| (Principal Executive Officer) |
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/s/Howard J. Galligan III |
| Chief Financial Officer | March 8, 2017 |
Howard J. Galligan III |
| (Principal Financial Officer) |
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/s/Brian B. Hogan | * | Trustee | March 8, 2017 |
Brian B. Hogan |
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/s/David A. Rosow | * | Trustee | March 8, 2017 |
David A. Rosow |
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/s/Garnett A. Smith | * | Trustee | March 8, 2017 |
Garnett A. Smith |
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/s/Michael E. Wiley | * | Trustee | March 8, 2017 |
Michael E. Wiley |
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* | By: | /s/Megan C. Johnson |
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| 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 |
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Document Type | dei_DocumentType | 485BPOS |
| Document Period End Date | dei_DocumentPeriodEndDate | Feb. 17, 2017 |
| Registrant Name | dei_EntityRegistrantName | FIDELITY SELECT PORTFOLIOS |
| Central Index Key | dei_EntityCentralIndexKey | 0000320351 |
| Amendment Flag | dei_AmendmentFlag | false |
| Document Creation Date | dei_DocumentCreationDate | Feb. 17, 2017 |
| Document Effective Date | dei_DocumentEffectiveDate | Feb. 17, 2017 |
| Prospectus Date | rr_ProspectusDate | Feb. 17, 2017 |
| NF_07.31 Fidelity Flex Real Estate Fund PRO-01 | Fidelity Flex℠ Real Estate Fund | |||||||||||||||||||
Fund Summary Fund: | |||||||||||||||||||
| Investment Objective | |||||||||||||||||||
The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. | |||||||||||||||||||
| 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 | |||||||||||||||||||
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Annual Operating Expenses (expenses that you pay each year as a % of the value of your investment) | |||||||||||||||||||
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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. This example does not include any fees paid at the fee-based account or plan level. 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 | |||||||||||||||||||
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| 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. | |||||||||||||||||||
| Principal Investment Strategies | |||||||||||||||||||
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| Principal Investment Risks | |||||||||||||||||||
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 | |||||||||||||||||||
Performance history will be available for the fund after the fund has been in operation for one calendar year. | |||||||||||||||||||
| Label | Element | Value | ||||
|---|---|---|---|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |||||
| Registrant Name | dei_EntityRegistrantName | FIDELITY SELECT PORTFOLIOS | ||||
| Prospectus Date | rr_ProspectusDate | Feb. 17, 2017 | ||||
| NF_07.31 Fidelity Flex Real Estate Fund PRO-01 | Fidelity Flex℠ Real Estate Fund | ||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||
| Risk/Return [Heading] | rr_RiskReturnHeading | Fund Summary Fund: |
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| Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||
| Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. |
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| 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. |
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| Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder fees |
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| (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) |
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| 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. |
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| Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Based on estimated amounts for the current fiscal year. | ||||
| Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | The fund is available only to certain fee-based accounts offered by Fidelity. Retirement plans, plan sponsors and/or plan participants pay a wrap fee that covers investment advisory and administrative services. | ||||
| 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. This example does not include any fees paid at the fee-based account or plan level. 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: |
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| Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Sell All Shares |
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| Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
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| Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration | Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. | ||||
| Risk [Heading] | rr_RiskHeading | Principal Investment Risks | ||||
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
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. |
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| 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 | Performance history will be available for the fund after the fund has been in operation for one calendar year. |
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| Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | Performance history will be available for the fund after the fund has been in operation for one calendar year. | ||||
| NF_07.31 Fidelity Flex Real Estate Fund PRO-01 | Fidelity Flex℠ Real Estate Fund | Fidelity Flex Real Estate Fund-Default | ||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||
| Management fee | rr_ManagementFeesOverAssets | none | ||||
| Distribution and/or Service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
| Other expenses | rr_OtherExpensesOverAssets | none | [1] | |||
| Total annual operating expenses | rr_ExpensesOverAssets | none | [2] | |||
| 1 year | rr_ExpenseExampleYear01 | none | ||||
| 3 years | rr_ExpenseExampleYear03 | none | ||||
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| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Registrant Name | dei_EntityRegistrantName | FIDELITY SELECT PORTFOLIOS |
| Prospectus Date | rr_ProspectusDate | Feb. 17, 2017 |
| Document Creation Date | dei_DocumentCreationDate | Feb. 17, 2017 |