0001379491-18-000169.txt : 20180119 0001379491-18-000169.hdr.sgml : 20180119 20180119105219 ACCESSION NUMBER: 0001379491-18-000169 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180119 DATE AS OF CHANGE: 20180119 EFFECTIVENESS DATE: 20180119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-69972 FILM NUMBER: 18535797 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 S000007463 Consumer Staples Portfolio C000040616 Fidelity Advisor Consumer Staples Fund: Class A FDAGX C000040618 Fidelity Advisor Consumer Staples Fund: Class C FDCGX C000040619 Fidelity Advisor Consumer Staples Fund: Class M FDTGX C000040620 Fidelity Advisor Consumer Staples Fund: Class I FDIGX 0000320351 S000007465 Gold Portfolio C000040621 Fidelity Advisor Gold Fund: Class I FGDIX C000040622 Fidelity Advisor Gold Fund: Class A FGDAX C000040624 Fidelity Advisor Gold Fund: Class C FGDCX C000040625 Fidelity Advisor Gold Fund: Class M FGDTX 0000320351 S000007469 Materials Portfolio C000040626 Fidelity Advisor Materials Fund: Class A FMFAX C000040628 Fidelity Advisor Materials Fund: Class C FMFCX C000040629 Fidelity Advisor Materials Fund: Class M FMFTX C000040630 Fidelity Advisor Materials Fund: Class I FMFEX 0000320351 S000007485 Telecommunications Portfolio C000040631 Fidelity Advisor Telecommunications Fund: Class A FTUAX C000040633 Fidelity Advisor Telecommunications Fund: Class C FTUCX C000040634 Fidelity Advisor Telecommunications Fund: Class M FTUTX C000040635 Fidelity Advisor Telecommunications Fund: Class I FTUIX 497 1 filing995.htm PRIMARY DOCUMENT

Supplement to the
Consumer Staples Portfolio, Gold Portfolio, Materials Portfolio and Telecommunications Portfolio
Class A, Class M, Class C and Class I
April 29, 2017
STATEMENT OF ADDITIONAL INFORMATION

James McElligott has replaced Robert Lee as portfolio manager of Consumer Staples Portfolio.

Richard Malnight has replaced Tobias Welo as portfolio manager of Materials Portfolio.

Effective January 1, 2018, the following information replaces similar information for Gold Portfolio and Telecommunications Portfolio found in the "Investment Policies and Limitations" section.

Concentration


For Gold Portfolio:

The fund may not purchase the securities of any issuer if, as a result, less than 25% of the fund's total assets would be invested in the securities of issuers principally engaged in the gold industries.


For Telecommunications Portfolio:

The fund may not purchase the securities of any issuer if, as a result, less than 25% of the fund’s total assets would be invested in the securities of issuers principally engaged in the telecommunications industries.

Effective January 1, 2018, the following fundamental policies have been removed from the "Investment Policies and Limitations" section.

Consumer Staples Portfolio invests primarily in companies engaged in the manufacture, sale, or distribution of consumer staples.

Gold Portfolio invests primarily in companies engaged in exploration, mining, processing, or dealing in gold, or, to a lesser degree, in silver, platinum, diamonds, or other precious metals and minerals.

Materials Portfolio invests primarily in companies engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods.

Telecommunications Portfolio invests primarily in companies engaged in the development, manufacture, or sale of communications services or communications equipment.

The following information supplements information found in the “Management Contract” section.

The following table provides information relating to other accounts managed by Mr. McElligott as of November 30, 2017:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 4 none none 
Number of Accounts Managed with Performance-Based Advisory Fees 1 none none 
Assets Managed (in millions) $3,988 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) $671 none none 

* Includes Consumer Staples Portfolio ($2,453 (in millions) assets managed).

As of November 30, 2017, the dollar range of shares of Consumer Staples Portfolio beneficially owned by Mr. McElligott was none.

The following table provides information relating to other accounts managed by Mr. Malnight as of November 30, 2017:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 10 none none 
Number of Accounts Managed with Performance-Based Advisory Fees 1 none none 
Assets Managed (in millions) $5,960 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) $231 none none 

* Includes Materials Portfolio ($1,888 (in millions) assets managed).

As of November 30, 2017, the dollar range of shares of Materials Portfolio beneficially owned by Mr. Malnight was none.


FASFB-18-01
1.848947.116
January 19, 2018