0001379491-17-006751.txt : 20171017 0001379491-17-006751.hdr.sgml : 20171017 20171017095604 ACCESSION NUMBER: 0001379491-17-006751 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 24 FILED AS OF DATE: 20171017 DATE AS OF CHANGE: 20171017 EFFECTIVENESS DATE: 20171017 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: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-69972 FILM NUMBER: 171140070 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 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: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03114 FILM NUMBER: 171140071 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 S000039313 Fidelity Real Estate Investment Portfolio C000121124 Fidelity Real Estate Investment Portfolio FRESX 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 0000320351 S000056373 Fidelity Flex Real Estate Fund C000177600 Fidelity Flex Real Estate Fund FFERX 485BPOS 1 filing995.htm PRIMARY DOCUMENT



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.  _133_

and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 x

x Amendment No.  _133_


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. 133 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 17th day of October 2017.

 

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

October 17, 2017

Adrien E. Deberghes

 

(Principal Executive Officer)

 

 

 

 

 

/s/Howard J. Galligan III

 

Chief Financial Officer

October 17, 2017

Howard J. Galligan III

 

(Principal Financial Officer)

 

 

 

 

 

/s/Brian B. Hogan

*

Trustee

October 17, 2017

Brian B. Hogan

 

 

 

 

 

 

 

/s/David A. Rosow

*

Trustee

October 17, 2017

David A. Rosow

 

 

 

 

 

 

 

/s/Garnett A. Smith

*

Trustee

October 17, 2017

Garnett A. Smith

 

 

 

 

 

 

 

/s/Michael E. Wiley

*

Trustee

October 17, 2017

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








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iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares 0000320351FIDELITY SELECT PORTFOLIOS485BPOS2017-09-272017-09-292017-07-31false2017-09-29<p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund/Class</b>:<br/><b>Fidelity® International Real Estate Fund</b>/Fidelity® International Real Estate Fund</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The fund seeks capital appreciation.</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</p><p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(fees paid directly from your investment)</p>~ http://www.proofPlus.com/role/ShareholderFeesS000039314_D0731FidelityInternationalRealEstateFundRetailPRO04 column period compact * ~-0.0150<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p>~ http://www.proofPlus.com/role/OperatingExpensesS000039314_D0731FidelityInternationalRealEstateFundRetailPRO04 column period compact * ~0.00700.000.00420.0112<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other funds. </p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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: </p>1143566171363~ http://www.proofPlus.com/role/ExpenseExampleS000039314_D0731FidelityInternationalRealEstateFundRetailPRO04 column period compact * ~<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font>0.55<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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 55% of the average value of its portfolio. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing primarily in non-U.S. securities.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing primarily in common stocks.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Allocating investments across different countries and regions.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">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.</li></ul><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Stock Market Volatility.</i></b> 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.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Foreign Exposure.</i></b> Foreign markets, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile. </li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Real Estate Industry Concentration.</i></b> Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Issuer-Specific Changes.</i></b> 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. </li></ul><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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.</p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font><font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. </p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">Visit www.fidelity.com for more recent performance information.</p><p style="font:bold 11pt Arial, sans-serif; margin-bottom: 0px;">Year-by-Year Returns</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Calendar Years</p>-0.0825-0.50520.35820.1453-0.22240.44160.12580.04210.0179-0.0156~ http://www.proofPlus.com/role/AnnualTotalReturnsBarChartS000039314_D0731FidelityInternationalRealEstateFundRetailPRO04 column period compact * ~Highest Quarter Return0.35182009-06-30Lowest Quarter Return-0.24322008-12-31Year-to-Date Return0.14862017-06-30<table style="font: normal 9pt Arial, sans-serif;" border="0" cellspacing="5" cellpadding="0" width="745"><tr><td align="left" valign="top">During the periods shown in the chart:</td><td align="right" valign="top">Returns</td><td align="right" valign="top">Quarter ended</td></tr><tr><td align="left" valign="top">Highest Quarter Return</td><td align="right" valign="top" >35.18%</td><td align="right" valign="top">June 30, 2009</td></tr><tr><td align="left" valign="top">Lowest Quarter Return</td><td align="right" valign="top">-24.32%</td><td align="right" valign="top">December 31, 2008</td></tr><tr><td align="left" valign="top">Year-to-Date Return</td><td align="right" valign="top">14.86%</td><td align="right" valign="top"> June 30, 2017</td></tr></table><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Average Annual Returns</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).</font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font>~ http://www.proofPlus.com/role/AverageAnnualTotalReturnsS000039314_D0731FidelityInternationalRealEstateFundRetailPRO04 column period compact * ~<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.01560.1112-0.0072<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.02920.0949-0.0223<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.00570.0827-0.01000.01210.06690.00900.00850.0915-0.0008<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). 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. </p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">For the periods ended December 31, 2016</p><p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: bold 12pt Arial, Helvetica, sans-serif;">Fund:<br/>Fidelity Flex℠ Real Estate Fund</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk.</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</p><p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p>~ http://www.proofPlus.com/role/ShareholderFeesS000056373_D0731FidelityFlexRealEstateFundPRO03 column period compact * ~0<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p>~ http://www.proofPlus.com/role/OperatingExpensesS000056373_D0731FidelityFlexRealEstateFundPRO03 column period compact * ~0.000.00<font style="FONT-FAMILY: Times New Roman" size="3">Based on estimated amounts for the current fiscal year.</font>0.00000.0000<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other funds. </p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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: </p>00~ http://www.proofPlus.com/role/ExpenseExampleS000056373_D0731FidelityFlexRealEstateFundPRO03 column period compact * ~<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font>0.09<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. For the period from March 8, 2017 to July 31, 2017, the fund's portfolio turnover rate was 9% of the average value of its portfolio. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing primarily in common stocks.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Investing in domestic and foreign issuers.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">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.</li></ul><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Stock Market Volatility.</i></b> 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.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Foreign Exposure.</i></b> 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. </li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Real Estate Industry Concentration.</i></b> Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Issuer-Specific Changes.</i></b> 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. </li></ul><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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.</p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font><font style="FONT-FAMILY: Times New Roman" size="3">Performance history will be available for the fund after the fund has been in operation for one calendar year.</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">Performance history will be available for the fund after the fund has been in operation for one calendar year.</p><p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: bold 12pt Arial, Helvetica, sans-serif;">Fund:<br/>Fidelity® Real Estate Investment Portfolio</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&amp;P 500<sup>®</sup> Index.</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</p><p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p>~ http://www.proofPlus.com/role/ShareholderFeesS000039313_D0731FidelityRealEstateInvestmentPortfolioPRO04 column period compact * ~0<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p>~ http://www.proofPlus.com/role/OperatingExpensesS000039313_D0731FidelityRealEstateInvestmentPortfolioPRO04 column period compact * ~0.00550.000.00210.0076<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other funds. </p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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: </p>78243422942~ http://www.proofPlus.com/role/ExpenseExampleS000039313_D0731FidelityRealEstateInvestmentPortfolioPRO04 column period compact * ~<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font>0.15<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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 15% of the average value of its portfolio. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing primarily in common stocks.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Investing in domestic and foreign issuers.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">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.</li></ul><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Stock Market Volatility.</i></b> 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.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Foreign Exposure.</i></b> 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. </li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Real Estate Industry Concentration.</i></b> Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Issuer-Specific Changes.</i></b> 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. </li></ul><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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.</p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font><font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. </p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">Visit www.fidelity.com for more recent performance information.</p><p style="font:bold 11pt Arial, sans-serif; margin-bottom: 0px;">Year-by-Year Returns</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Calendar Years</p>-0.2134-0.38210.32890.29850.08290.18020.01530.30130.05950.0777~ http://www.proofPlus.com/role/AnnualTotalReturnsBarChartS000039313_D0731FidelityRealEstateInvestmentPortfolioPRO04 column period compact * ~Highest Quarter Return0.41032009-09-30Lowest Quarter Return-0.37432008-12-31Year-to-Date Return0.02182017-06-30<table style="font: normal 9pt Arial, sans-serif;" border="0" cellspacing="5" cellpadding="0" width="745"><tr><td align="left" valign="top">During the periods shown in the chart:</td><td align="right" valign="top">Returns</td><td align="right" valign="top">Quarter ended</td></tr><tr><td align="left" valign="top">Highest Quarter Return</td><td align="right" valign="top" >41.03%</td><td align="right" valign="top">September 30, 2009</td></tr><tr><td align="left" valign="top">Lowest Quarter Return</td><td align="right" valign="top">-37.43%</td><td align="right" valign="top">December 31, 2008</td></tr><tr><td align="left" valign="top">Year-to-Date Return</td><td align="right" valign="top">2.18%</td><td align="right" valign="top">June 30, 2017</td></tr></table><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Average Annual Returns</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).</font>~ http://www.proofPlus.com/role/AverageAnnualTotalReturnsS000039313_D0731FidelityRealEstateInvestmentPortfolioPRO04 column period compact * ~<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® Real Estate Investment Portfolio</b></font>0.07770.12230.0492<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® Real Estate Investment Portfolio</b></font>0.06200.11010.0389<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® Real Estate Investment Portfolio</b></font>0.05040.09320.03500.11960.14660.06950.06650.11750.0453<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). </p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">For the periods ended December 31, 2016</p><p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund/Class</b>:<br/><b>Fidelity® International Real Estate Fund</b>/Fidelity Advisor® International Real Estate Fund A, M, C, I</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The fund seeks capital appreciation.</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font><font style="FONT-FAMILY: Times New Roman" size="3">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 29 of the prospectus.</font>50000<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity<sup>®</sup> funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 29 of the prospectus.</p><p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(fees paid directly from your investment)</p>~ http://www.proofPlus.com/role/ShareholderFeesS000039314_D0731FidelityInternationalRealEstateFundAMCIPRO06 column period compact * ~0.05750.03500.000.00<font style="FONT-FAMILY: Times New Roman" size="3">Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.</font>0.00<font style="FONT-FAMILY: Times New Roman" size="3">Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.</font>0.00<font style="FONT-FAMILY: Times New Roman" size="3">On Class C shares redeemed less than one year after purchase.</font>0.01000.00-0.0150-0.0150-0.0150-0.0150<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p>~ http://www.proofPlus.com/role/OperatingExpensesS000039314_D0731FidelityInternationalRealEstateFundAMCIPRO06 column period compact * ~0.00700.00700.00700.00700.00250.00500.01000.000.00400.00450.00390.00250.01350.01650.02090.0095<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other funds. </p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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 and if you hold your shares: </p>705705512512312212979797897885285265565530330312721272121612161124112452552521052105223622362421242111661166~ http://www.proofPlus.com/role/ExpenseExampleS000039314_D0731FidelityInternationalRealEstateFundAMCIPRO06 column period compact * ~<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p>~ http://www.proofPlus.com/role/ExpenseExampleNoRedemptionS000039314_D0731FidelityInternationalRealEstateFundAMCIPRO06 column period compact * ~<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Hold Shares</p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font>0.55<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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 55% of the average value of its portfolio. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing primarily in non-U.S. securities.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing primarily in common stocks.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">Allocating investments across different countries and regions.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li style="padding-bottom: 10px;">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.</li></ul><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Stock Market Volatility.</i></b> 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.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Foreign Exposure.</i></b> Foreign markets, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile. </li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Real Estate Industry Concentration.</i></b> Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.</li></ul><ul style="font: normal 11pt 'Times New Roman', serif; color: #000000;"><li><b><i>Issuer-Specific Changes.</i></b> 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. </li></ul><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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.</p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. </p><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font><font style="FONT-FAMILY: Times New Roman" size="3">institutional.fidelity.com</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">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. </p><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">Visit institutional.fidelity.com for more recent performance information.</p><p style="font:bold 11pt Arial, sans-serif; margin-bottom: 0px;">Year-by-Year Returns</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Calendar Years</p><font style="FONT-FAMILY: Times New Roman" size="3">The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.</font><p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.</p>-0.50710.35600.1424-0.22430.43780.12280.03940.0160-0.0183~ http://www.proofPlus.com/role/AnnualTotalReturnsBarChartS000039314_D0731FidelityInternationalRealEstateFundAMCIPRO06 column period compact * ~Highest Quarter Return0.35252009-06-30Lowest Quarter Return-0.24432008-12-31Year-to-Date Return0.14712017-06-30<table style="font: normal 9pt Arial, sans-serif;" border="0" cellspacing="5" cellpadding="0" width="745"><tr><td align="left" valign="top">During the periods shown in the chart for Class A:</td><td align="right" valign="top">Returns</td><td align="right" valign="top">Quarter ended</td></tr><tr><td align="left" valign="top">Highest Quarter Return</td><td align="right" valign="top" >35.25%</td><td align="right" valign="top">June 30, 2009</td></tr><tr><td align="left" valign="top">Lowest Quarter Return</td><td align="right" valign="top">-24.43%</td><td align="right" valign="top">December 31, 2008</td></tr><tr><td align="left" valign="top">Year-to-Date Return</td><td align="right" valign="top">14.71%</td><td align="right" valign="top">June 30, 2017</td></tr></table><font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Average Annual Returns</b></font><font style="FONT-FAMILY: Times New Roman" size="3">Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges.</font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font><font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary.</font><font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).</font><font style="FONT-FAMILY: Times New Roman" size="3">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.</font>~ http://www.proofPlus.com/role/AverageAnnualTotalReturnsS000039314_D0731FidelityInternationalRealEstateFundAMCIPRO06 column period compact * ~<font style="FONT-FAMILY: Times New Roman" ><b>Class A - Return Before Taxes</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.07470.0955-0.0211<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.08700.0801-0.0359<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.03930.0703-0.0199<font style="FONT-FAMILY: Times New Roman" ><b>Class M - Return Before Taxes</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.05620.0975-0.0215<font style="FONT-FAMILY: Times New Roman" ><b>Class C - Return Before Taxes</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.03470.1003-0.0225<font style="FONT-FAMILY: Times New Roman" ><b>Class I - Return Before Taxes</b></font><font style="FONT-FAMILY: Times New Roman" ><b>Fidelity® International Real Estate Fund</b></font>-0.01470.1120-0.01240.01210.06690.00330.00850.0915-0.00982007-04-042007-04-042007-04-042007-04-042007-04-042007-04-04<p style="font: normal 11pt 'Times New Roman', serif; color: #000000;">Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. 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. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. 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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). 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. </p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">For the periods ended December 31, 2016</p>Based on estimated amounts for the current fiscal year.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.From April 4, 2007On Class C shares redeemed less than one year after purchase.Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively. EX-101.PRE 6 co5-20170929_pre.xml EX-101.PRE EX-101.LAB 7 co5-20170929_lab.xml EX-101.LAB Prospectus: Risk/Return: Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Document [Axis] Prospectus Performance Measure [Axis] Before Taxes Series [Axis] Series Share Class [Axis] Share Classes Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees [Table] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, With Redemption 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07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund

Fund Summary

Fund/Class:
Fidelity® International Real Estate Fund/Fidelity® International Real Estate Fund

Investment Objective

The fund seeks 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

(fees paid directly from your investment)

Shareholder Fees {- Fidelity® International Real Estate Fund}
07.31 Fidelity International Real Estate Fund Retail PRO-04
Fidelity® International Real Estate Fund
Fidelity International Real Estate Fund-Retail Class
Redemption fee on shares held less than 90 days (as a % of amount redeemed) 1.50%

Annual Operating Expenses

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

Annual Operating Expenses {- Fidelity® International Real Estate Fund}
07.31 Fidelity International Real Estate Fund Retail PRO-04
Fidelity® International Real Estate Fund
Fidelity International Real Estate Fund-Retail Class
Management fee 0.70%
Distribution and/or Service (12b-1) fees none
Other expenses 0.42%
Total annual operating expenses 1.12%

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® International Real Estate Fund}
07.31 Fidelity International Real Estate Fund Retail PRO-04
Fidelity® International Real Estate Fund
Fidelity International Real Estate Fund-Retail Class
USD ($)
1 year $ 114
3 years 356
5 years 617
10 years $ 1,363
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 55% of the average value of its portfolio.

Principal Investment Strategies
  • Normally investing primarily in non-U.S. securities.
  • Normally investing primarily in common stocks.
  • Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.
  • Allocating investments across different countries and regions.
  • 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, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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

Bar Chart
During the periods shown in the chart:ReturnsQuarter ended
Highest Quarter Return35.18%June 30, 2009
Lowest Quarter Return-24.32%December 31, 2008
Year-to-Date Return14.86% June 30, 2017
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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). 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, 2016

Average Annual Total Returns{- Fidelity® International Real Estate Fund} - 07.31 Fidelity International Real Estate Fund Retail PRO-04 - Fidelity® International Real Estate Fund
Past 1 year
Past 5 years
Past 10 years
Fidelity International Real Estate Fund-Retail Class | Return Before Taxes (1.56%) 11.12% (0.72%)
Fidelity International Real Estate Fund-Retail Class | After Taxes on Distributions (2.92%) 9.49% (2.23%)
Fidelity International Real Estate Fund-Retail Class | After Taxes on Distributions and Sales (0.57%) 8.27% (1.00%)
MSCI EAFE Index(reflects no deduction for fees or expenses) 1.21% 6.69% 0.90%
FTSE® EPRA℠/NAREIT® Developed ex North America Index(reflects no deduction for fees, expenses, or taxes) 0.85% 9.15% (0.08%)

XML 12 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FIDELITY SELECT PORTFOLIOS
Prospectus Date rr_ProspectusDate Sep. 29, 2017
07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading

Fund Summary

Fund/Class:
Fidelity® International Real Estate Fund/Fidelity® International Real Estate Fund

Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The fund seeks 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)

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 55% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 55.00%
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 non-U.S. securities.
  • Normally investing primarily in common stocks.
  • Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.
  • Allocating investments across different countries and regions.
  • 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 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
  • 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, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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:ReturnsQuarter ended
Highest Quarter Return35.18%June 30, 2009
Lowest Quarter Return-24.32%December 31, 2008
Year-to-Date Return14.86% June 30, 2017
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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).
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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). 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, 2016

07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund-Retail Class  
Risk/Return: rr_RiskReturnAbstract  
Redemption fee on shares held less than 90 days (as a % of amount redeemed) rr_RedemptionFeeOverRedemption 1.50%
Management fee rr_ManagementFeesOverAssets 0.70%
Distribution and/or Service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.42%
Total annual operating expenses rr_ExpensesOverAssets 1.12%
1 year rr_ExpenseExampleYear01 $ 114
3 years rr_ExpenseExampleYear03 356
5 years rr_ExpenseExampleYear05 617
10 years rr_ExpenseExampleYear10 $ 1,363
2007 rr_AnnualReturn2007 (8.25%)
2008 rr_AnnualReturn2008 (50.52%)
2009 rr_AnnualReturn2009 35.82%
2010 rr_AnnualReturn2010 14.53%
2011 rr_AnnualReturn2011 (22.24%)
2012 rr_AnnualReturn2012 44.16%
2013 rr_AnnualReturn2013 12.58%
2014 rr_AnnualReturn2014 4.21%
2015 rr_AnnualReturn2015 1.79%
2016 rr_AnnualReturn2016 (1.56%)
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-Date Return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2017
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 14.86%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 35.18%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.32%)
07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund | Return Before Taxes | Fidelity International Real Estate Fund-Retail Class  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Return Before Taxes
Past 1 year rr_AverageAnnualReturnYear01 (1.56%)
Past 5 years rr_AverageAnnualReturnYear05 11.12%
Past 10 years rr_AverageAnnualReturnYear10 (0.72%)
07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund | After Taxes on Distributions | Fidelity International Real Estate Fund-Retail Class  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Past 1 year rr_AverageAnnualReturnYear01 (2.92%)
Past 5 years rr_AverageAnnualReturnYear05 9.49%
Past 10 years rr_AverageAnnualReturnYear10 (2.23%)
07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund | After Taxes on Distributions and Sales | Fidelity International Real Estate Fund-Retail Class  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Past 1 year rr_AverageAnnualReturnYear01 (0.57%)
Past 5 years rr_AverageAnnualReturnYear05 8.27%
Past 10 years rr_AverageAnnualReturnYear10 (1.00%)
07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund | MSCI EAFE Index(reflects no deduction for fees or expenses)  
Risk/Return: rr_RiskReturnAbstract  
Past 1 year rr_AverageAnnualReturnYear01 1.21%
Past 5 years rr_AverageAnnualReturnYear05 6.69%
Past 10 years rr_AverageAnnualReturnYear10 0.90%
07.31 Fidelity International Real Estate Fund Retail PRO-04 | Fidelity® International Real Estate Fund | FTSE® EPRA℠/NAREIT® Developed ex North America Index(reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Past 1 year rr_AverageAnnualReturnYear01 0.85%
Past 5 years rr_AverageAnnualReturnYear05 9.15%
Past 10 years rr_AverageAnnualReturnYear10 (0.08%)
XML 13 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
07.31 Fidelity Flex Real Estate Fund PRO-03 | Fidelity Flex℠ Real Estate Fund

Fund Summary

Fund:
Fidelity Flex℠ Real Estate 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

Shareholder Fees {- Fidelity Flex℠ Real Estate Fund}
07.31 Fidelity Flex Real Estate Fund PRO-03
Fidelity Flex℠ Real Estate 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 Flex℠ Real Estate Fund}
07.31 Fidelity Flex Real Estate Fund PRO-03
Fidelity Flex℠ Real Estate Fund
Fidelity Flex Real Estate Fund-Default
Management fee none
Distribution and/or Service (12b-1) fees none
Other expenses none [1]
Total annual operating expenses none [2]
[1] Based on estimated amounts for the current fiscal year.
[2] 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.

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

Expense Example {- Fidelity Flex℠ Real Estate Fund}
07.31 Fidelity Flex Real Estate Fund PRO-03
Fidelity Flex℠ Real Estate Fund
Fidelity Flex Real Estate Fund-Default
USD ($)
1 year none
3 years none
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. For the period from March 8, 2017 to July 31, 2017, the fund's portfolio turnover rate was 9% 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 companies principally engaged in the real estate industry and other real estate related investments.
  • 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.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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

Performance history will be available for the fund after the fund has been in operation for one calendar year.

XML 14 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FIDELITY SELECT PORTFOLIOS
Prospectus Date rr_ProspectusDate Sep. 29, 2017
07.31 Fidelity Flex Real Estate Fund PRO-03 | Fidelity Flex℠ Real Estate Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading

Fund Summary

Fund:
Fidelity Flex℠ Real Estate Fund

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.

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. For the period from March 8, 2017 to July 31, 2017, the fund's portfolio turnover rate was 9% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 9.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Based on estimated amounts for the current fiscal year.
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:

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 companies principally engaged in the real estate industry and other real estate related investments.
  • 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 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
  • 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.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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

Performance history will be available for the fund after the fund has been in operation for one calendar year.

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.
07.31 Fidelity Flex Real Estate Fund PRO-03 | 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
[1] Based on estimated amounts for the current fiscal year.
[2] 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.
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07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio

Fund Summary

Fund:
Fidelity® Real Estate Investment Portfolio

Investment Objective

The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index.

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® Real Estate Investment Portfolio}
07.31 Fidelity Real Estate Investment Portfolio PRO-04
Fidelity® Real Estate Investment Portfolio
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® Real Estate Investment Portfolio}
07.31 Fidelity Real Estate Investment Portfolio PRO-04
Fidelity® Real Estate Investment Portfolio
Fidelity Real Estate Investment Portfolio-Default
Management fee 0.55%
Distribution and/or Service (12b-1) fees none
Other expenses 0.21%
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® Real Estate Investment Portfolio}
07.31 Fidelity Real Estate Investment Portfolio PRO-04
Fidelity® Real Estate Investment Portfolio
Fidelity Real Estate Investment Portfolio-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 15% 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 companies principally engaged in the real estate industry and other real estate related investments.
  • 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.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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

Bar Chart
During the periods shown in the chart:ReturnsQuarter ended
Highest Quarter Return41.03%September 30, 2009
Lowest Quarter Return-37.43%December 31, 2008
Year-to-Date Return2.18%June 30, 2017
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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).

For the periods ended December 31, 2016

Average Annual Total Returns{- Fidelity® Real Estate Investment Portfolio} - 07.31 Fidelity Real Estate Investment Portfolio PRO-04 - Fidelity® Real Estate Investment Portfolio
Past 1 year
Past 5 years
Past 10 years
Fidelity Real Estate Investment Portfolio-Default | Return Before Taxes 7.77% 12.23% 4.92%
Fidelity Real Estate Investment Portfolio-Default | After Taxes on Distributions 6.20% 11.01% 3.89%
Fidelity Real Estate Investment Portfolio-Default | After Taxes on Distributions and Sales 5.04% 9.32% 3.50%
S&P 500® Index(reflects no deduction for fees, expenses, or taxes) 11.96% 14.66% 6.95%
Dow Jones U.S. Select Real Estate Securities Index℠(reflects no deduction for fees, expenses, or taxes) 6.65% 11.75% 4.53%
XML 17 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FIDELITY SELECT PORTFOLIOS
Prospectus Date rr_ProspectusDate Sep. 29, 2017
07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading

Fund Summary

Fund:
Fidelity® Real Estate Investment Portfolio

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. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index.

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 15% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 15.00%
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 companies principally engaged in the real estate industry and other real estate related investments.
  • 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 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
  • 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.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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:ReturnsQuarter ended
Highest Quarter Return41.03%September 30, 2009
Lowest Quarter Return-37.43%December 31, 2008
Year-to-Date Return2.18%June 30, 2017
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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).
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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).

For the periods ended December 31, 2016

07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio | Fidelity Real Estate Investment Portfolio-Default  
Risk/Return: rr_RiskReturnAbstract  
Management fee rr_ManagementFeesOverAssets 0.55%
Distribution and/or Service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.21%
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
2007 rr_AnnualReturn2007 (21.34%)
2008 rr_AnnualReturn2008 (38.21%)
2009 rr_AnnualReturn2009 32.89%
2010 rr_AnnualReturn2010 29.85%
2011 rr_AnnualReturn2011 8.29%
2012 rr_AnnualReturn2012 18.02%
2013 rr_AnnualReturn2013 1.53%
2014 rr_AnnualReturn2014 30.13%
2015 rr_AnnualReturn2015 5.95%
2016 rr_AnnualReturn2016 7.77%
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-Date Return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2017
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 2.18%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 41.03%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (37.43%)
07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio | Return Before Taxes | Fidelity Real Estate Investment Portfolio-Default  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® Real Estate Investment Portfolio
Label rr_AverageAnnualReturnLabel Return Before Taxes
Past 1 year rr_AverageAnnualReturnYear01 7.77%
Past 5 years rr_AverageAnnualReturnYear05 12.23%
Past 10 years rr_AverageAnnualReturnYear10 4.92%
07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio | After Taxes on Distributions | Fidelity Real Estate Investment Portfolio-Default  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® Real Estate Investment Portfolio
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Past 1 year rr_AverageAnnualReturnYear01 6.20%
Past 5 years rr_AverageAnnualReturnYear05 11.01%
Past 10 years rr_AverageAnnualReturnYear10 3.89%
07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio | After Taxes on Distributions and Sales | Fidelity Real Estate Investment Portfolio-Default  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® Real Estate Investment Portfolio
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Past 1 year rr_AverageAnnualReturnYear01 5.04%
Past 5 years rr_AverageAnnualReturnYear05 9.32%
Past 10 years rr_AverageAnnualReturnYear10 3.50%
07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio | S&P 500® Index(reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Past 1 year rr_AverageAnnualReturnYear01 11.96%
Past 5 years rr_AverageAnnualReturnYear05 14.66%
Past 10 years rr_AverageAnnualReturnYear10 6.95%
07.31 Fidelity Real Estate Investment Portfolio PRO-04 | Fidelity® Real Estate Investment Portfolio | Dow Jones U.S. Select Real Estate Securities Index℠(reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Past 1 year rr_AverageAnnualReturnYear01 6.65%
Past 5 years rr_AverageAnnualReturnYear05 11.75%
Past 10 years rr_AverageAnnualReturnYear10 4.53%
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07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund

Fund Summary

Fund/Class:
Fidelity® International Real Estate Fund/Fidelity Advisor® International Real Estate Fund A, M, C, I

Investment Objective

The fund seeks 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.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 29 of the prospectus.

Shareholder fees

(fees paid directly from your investment)

Shareholder Fees {- Fidelity® International Real Estate Fund} - 07.31 Fidelity International Real Estate Fund AMCI PRO-06 - Fidelity® International Real Estate Fund
Fidelity International Real Estate Fund-Class A
Fidelity International Real Estate Fund-Class M
Fidelity International Real Estate Fund-Class C
Fidelity International Real Estate Fund - Class I
Maximum sales charge (load) on purchases (as a % of offering price) 5.75% 3.50% none none
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds) none [1] none [1] 1.00% [2] none
Redemption fee on shares held less than 90 days (as a % of amount redeemed) 1.50% 1.50% 1.50% 1.50%
[1] Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.
[2] On Class C shares redeemed less than one year after purchase.

Annual Operating Expenses

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

Annual Operating Expenses {- Fidelity® International Real Estate Fund} - 07.31 Fidelity International Real Estate Fund AMCI PRO-06 - Fidelity® International Real Estate Fund
Fidelity International Real Estate Fund-Class A
Fidelity International Real Estate Fund-Class M
Fidelity International Real Estate Fund-Class C
Fidelity International Real Estate Fund - Class I
Management fee 0.70% 0.70% 0.70% 0.70%
Distribution and/or Service (12b-1) fees 0.25% 0.50% 1.00% none
Other expenses 0.40% 0.45% 0.39% 0.25%
Total annual operating expenses 1.35% 1.65% 2.09% 0.95%

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 and if you hold your shares:

Sell All Shares

Expense Example {- Fidelity® International Real Estate Fund} - 07.31 Fidelity International Real Estate Fund AMCI PRO-06 - Fidelity® International Real Estate Fund - USD ($)
Fidelity International Real Estate Fund-Class A
Fidelity International Real Estate Fund-Class M
Fidelity International Real Estate Fund-Class C
Fidelity International Real Estate Fund - Class I
1 year $ 705 $ 512 $ 312 $ 97
3 years 978 852 655 303
5 years 1,272 1,216 1,124 525
10 years $ 2,105 $ 2,236 $ 2,421 $ 1,166

Hold Shares

Expense Example, No Redemption {- Fidelity® International Real Estate Fund} - 07.31 Fidelity International Real Estate Fund AMCI PRO-06 - Fidelity® International Real Estate Fund - USD ($)
Fidelity International Real Estate Fund-Class A
Fidelity International Real Estate Fund-Class M
Fidelity International Real Estate Fund-Class C
Fidelity International Real Estate Fund - Class I
1 Year $ 705 $ 512 $ 212 $ 97
3 Years 978 852 655 303
5 Years 1,272 1,216 1,124 525
10 Years $ 2,105 $ 2,236 $ 2,421 $ 1,166
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 55% of the average value of its portfolio.

Principal Investment Strategies
  • Normally investing primarily in non-U.S. securities.
  • Normally investing primarily in common stocks.
  • Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.
  • Allocating investments across different countries and regions.
  • 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, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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 institutional.fidelity.com for more recent performance information.

The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.

Year-by-Year Returns

Calendar Years

Bar Chart
During the periods shown in the chart for Class A:ReturnsQuarter ended
Highest Quarter Return35.25%June 30, 2009
Lowest Quarter Return-24.43%December 31, 2008
Year-to-Date Return14.71%June 30, 2017
Average Annual Returns

Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. 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. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. 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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). 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, 2016

Average Annual Total Returns{- Fidelity® International Real Estate Fund} - 07.31 Fidelity International Real Estate Fund AMCI PRO-06 - Fidelity® International Real Estate Fund
Past 1 year
Past 5 years
Since Inception
[1]
Inception Date
Fidelity International Real Estate Fund-Class A       Apr. 04, 2007
Fidelity International Real Estate Fund-Class A | Return Before Taxes (7.47%) 9.55% (2.11%)  
Fidelity International Real Estate Fund-Class A | After Taxes on Distributions (8.70%) 8.01% (3.59%) Apr. 04, 2007
Fidelity International Real Estate Fund-Class A | After Taxes on Distributions and Sales (3.93%) 7.03% (1.99%) Apr. 04, 2007
Fidelity International Real Estate Fund-Class M       Apr. 04, 2007
Fidelity International Real Estate Fund-Class M | Return Before Taxes (5.62%) 9.75% (2.15%)  
Fidelity International Real Estate Fund-Class C       Apr. 04, 2007
Fidelity International Real Estate Fund-Class C | Return Before Taxes (3.47%) 10.03% (2.25%)  
Fidelity International Real Estate Fund - Class I       Apr. 04, 2007
Fidelity International Real Estate Fund - Class I | Return Before Taxes (1.47%) 11.20% (1.24%)  
MSCI EAFE Index(reflects no deduction for fees or expenses) 1.21% 6.69% 0.33%  
FTSE® EPRA℠/NAREIT® Developed ex North America Index(reflects no deduction for fees, expenses, or taxes) 0.85% 9.15% (0.98%)  
[1] From April 4, 2007
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund-Class A
Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund-Class M
Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund-Class C
On Class C shares redeemed less than one year after purchase.
XML 20 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FIDELITY SELECT PORTFOLIOS
Prospectus Date rr_ProspectusDate Sep. 29, 2017
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading

Fund Summary

Fund/Class:
Fidelity® International Real Estate Fund/Fidelity Advisor® International Real Estate Fund A, M, C, I

Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The fund seeks 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.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 29 of the prospectus.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees

(fees paid directly from your investment)

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 55% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 55.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 29 of the prospectus.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
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 and if you hold your shares:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption

Sell All Shares

Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption

Hold Shares

Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
  • Normally investing primarily in non-U.S. securities.
  • Normally investing primarily in common stocks.
  • Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.
  • Allocating investments across different countries and regions.
  • 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 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
  • 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, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
  • Real Estate Industry Concentration. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. The value of securities of issuers in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer.
  • 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 institutional.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 institutional.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 Narrative [Text Block] rr_BarChartNarrativeTextBlock

The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.

Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
During the periods shown in the chart for Class A:ReturnsQuarter ended
Highest Quarter Return35.25%June 30, 2009
Lowest Quarter Return-24.43%December 31, 2008
Year-to-Date Return14.71%June 30, 2017
Performance Table Heading rr_PerformanceTableHeading Average Annual Returns
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges.
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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary.
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

Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. 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. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. 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, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). 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, 2016

07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund-Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) on purchases (as a % of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice 5.75%
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Redemption fee on shares held less than 90 days (as a % of amount redeemed) rr_RedemptionFeeOverRedemption 1.50%
Management fee rr_ManagementFeesOverAssets 0.70%
Distribution and/or Service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.40%
Total annual operating expenses rr_ExpensesOverAssets 1.35%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.
1 year rr_ExpenseExampleYear01 $ 705
3 years rr_ExpenseExampleYear03 978
5 years rr_ExpenseExampleYear05 1,272
10 years rr_ExpenseExampleYear10 2,105
1 Year rr_ExpenseExampleNoRedemptionYear01 705
3 Years rr_ExpenseExampleNoRedemptionYear03 978
5 Years rr_ExpenseExampleNoRedemptionYear05 1,272
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,105
2008 rr_AnnualReturn2008 (50.71%)
2009 rr_AnnualReturn2009 35.60%
2010 rr_AnnualReturn2010 14.24%
2011 rr_AnnualReturn2011 (22.43%)
2012 rr_AnnualReturn2012 43.78%
2013 rr_AnnualReturn2013 12.28%
2014 rr_AnnualReturn2014 3.94%
2015 rr_AnnualReturn2015 1.60%
2016 rr_AnnualReturn2016 (1.83%)
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-Date Return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2017
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 14.71%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 35.25%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.43%)
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 04, 2007
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund-Class M  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) on purchases (as a % of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice 3.50%
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Redemption fee on shares held less than 90 days (as a % of amount redeemed) rr_RedemptionFeeOverRedemption 1.50%
Management fee rr_ManagementFeesOverAssets 0.70%
Distribution and/or Service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.45%
Total annual operating expenses rr_ExpensesOverAssets 1.65%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.
1 year rr_ExpenseExampleYear01 $ 512
3 years rr_ExpenseExampleYear03 852
5 years rr_ExpenseExampleYear05 1,216
10 years rr_ExpenseExampleYear10 2,236
1 Year rr_ExpenseExampleNoRedemptionYear01 512
3 Years rr_ExpenseExampleNoRedemptionYear03 852
5 Years rr_ExpenseExampleNoRedemptionYear05 1,216
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,236
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 04, 2007
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund-Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) on purchases (as a % of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [2]
Redemption fee on shares held less than 90 days (as a % of amount redeemed) rr_RedemptionFeeOverRedemption 1.50%
Management fee rr_ManagementFeesOverAssets 0.70%
Distribution and/or Service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.39%
Total annual operating expenses rr_ExpensesOverAssets 2.09%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock On Class C shares redeemed less than one year after purchase.
1 year rr_ExpenseExampleYear01 $ 312
3 years rr_ExpenseExampleYear03 655
5 years rr_ExpenseExampleYear05 1,124
10 years rr_ExpenseExampleYear10 2,421
1 Year rr_ExpenseExampleNoRedemptionYear01 212
3 Years rr_ExpenseExampleNoRedemptionYear03 655
5 Years rr_ExpenseExampleNoRedemptionYear05 1,124
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,421
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 04, 2007
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Fidelity International Real Estate Fund - Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) on purchases (as a % of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Redemption fee on shares held less than 90 days (as a % of amount redeemed) rr_RedemptionFeeOverRedemption 1.50%
Management fee rr_ManagementFeesOverAssets 0.70%
Distribution and/or Service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.25%
Total annual operating expenses rr_ExpensesOverAssets 0.95%
1 year rr_ExpenseExampleYear01 $ 97
3 years rr_ExpenseExampleYear03 303
5 years rr_ExpenseExampleYear05 525
10 years rr_ExpenseExampleYear10 1,166
1 Year rr_ExpenseExampleNoRedemptionYear01 97
3 Years rr_ExpenseExampleNoRedemptionYear03 303
5 Years rr_ExpenseExampleNoRedemptionYear05 525
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,166
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 04, 2007
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Return Before Taxes | Fidelity International Real Estate Fund-Class A  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Class A - Return Before Taxes
Past 1 year rr_AverageAnnualReturnYear01 (7.47%)
Past 5 years rr_AverageAnnualReturnYear05 9.55%
Since Inception rr_AverageAnnualReturnSinceInception (2.11%) [3]
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Return Before Taxes | Fidelity International Real Estate Fund-Class M  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Class M - Return Before Taxes
Past 1 year rr_AverageAnnualReturnYear01 (5.62%)
Past 5 years rr_AverageAnnualReturnYear05 9.75%
Since Inception rr_AverageAnnualReturnSinceInception (2.15%) [3]
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Return Before Taxes | Fidelity International Real Estate Fund-Class C  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Class C - Return Before Taxes
Past 1 year rr_AverageAnnualReturnYear01 (3.47%)
Past 5 years rr_AverageAnnualReturnYear05 10.03%
Since Inception rr_AverageAnnualReturnSinceInception (2.25%) [3]
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | Return Before Taxes | Fidelity International Real Estate Fund - Class I  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Class I - Return Before Taxes
Past 1 year rr_AverageAnnualReturnYear01 (1.47%)
Past 5 years rr_AverageAnnualReturnYear05 11.20%
Since Inception rr_AverageAnnualReturnSinceInception (1.24%) [3]
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | After Taxes on Distributions | Fidelity International Real Estate Fund-Class A  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Past 1 year rr_AverageAnnualReturnYear01 (8.70%)
Past 5 years rr_AverageAnnualReturnYear05 8.01%
Since Inception rr_AverageAnnualReturnSinceInception (3.59%) [3]
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 04, 2007
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | After Taxes on Distributions and Sales | Fidelity International Real Estate Fund-Class A  
Risk/Return: rr_RiskReturnAbstract  
Column rr_AverageAnnualReturnColumnName Fidelity® International Real Estate Fund
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Past 1 year rr_AverageAnnualReturnYear01 (3.93%)
Past 5 years rr_AverageAnnualReturnYear05 7.03%
Since Inception rr_AverageAnnualReturnSinceInception (1.99%) [3]
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 04, 2007
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | MSCI EAFE Index(reflects no deduction for fees or expenses)  
Risk/Return: rr_RiskReturnAbstract  
Past 1 year rr_AverageAnnualReturnYear01 1.21%
Past 5 years rr_AverageAnnualReturnYear05 6.69%
Since Inception rr_AverageAnnualReturnSinceInception 0.33% [3]
07.31 Fidelity International Real Estate Fund AMCI PRO-06 | Fidelity® International Real Estate Fund | FTSE® EPRA℠/NAREIT® Developed ex North America Index(reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Past 1 year rr_AverageAnnualReturnYear01 0.85%
Past 5 years rr_AverageAnnualReturnYear05 9.15%
Since Inception rr_AverageAnnualReturnSinceInception (0.98%) [3]
[1] Class A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.
[2] On Class C shares redeemed less than one year after purchase.
[3] From April 4, 2007
XML 21 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName FIDELITY SELECT PORTFOLIOS
Prospectus Date rr_ProspectusDate Sep. 29, 2017
Document Creation Date dei_DocumentCreationDate Sep. 27, 2017
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