0001379491-18-004006.txt : 20180814 0001379491-18-004006.hdr.sgml : 20180814 20180814095410 ACCESSION NUMBER: 0001379491-18-004006 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180814 DATE AS OF CHANGE: 20180814 EFFECTIVENESS DATE: 20180814 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: 181014837 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 S000007457 Communications Equipment Portfolio C000020431 Communications Equipment Portfolio FSDCX 0000320351 S000007458 Semiconductors Portfolio C000020432 Semiconductors Portfolio FSELX 0000320351 S000007466 Health Care Portfolio C000020440 Health Care Portfolio FSPHX 0000320351 S000007472 Health Care Services Portfolio C000020446 Health Care Services Portfolio FSHCX 0000320351 S000007473 Medical Technology and Devices Portfolio C000020447 Medical Technology and Devices Portfolio FSMEX 0000320351 S000007481 Pharmaceuticals Portfolio C000020455 Pharmaceuticals Portfolio FPHAX 0000320351 S000007483 Software and IT Services Portfolio C000020457 Software and IT Services Portfolio FSCSX 0000320351 S000007484 Technology Portfolio C000020458 Technology Portfolio FSPTX 0000320351 S000007486 Biotechnology Portfolio C000020460 Biotechnology Portfolio FBIOX 0000320351 S000007491 IT Services Portfolio C000020465 IT Services Portfolio FBSOX 0000320351 S000007493 Computers Portfolio C000020467 Computers Portfolio FDCPX 497 1 filing995.htm PRIMARY DOCUMENT

Supplement to the
Fidelity® Select Portfolios®
Health Care Sector
April 28, 2018
Prospectus

The following information replaces similar information for Pharmaceuticals Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Karim Suwwan de Felipe (portfolio manager) has managed the fund since July 2017.

The following information replaces the biographical information for Pharmaceuticals Portfolio found in the "Fund Services" section under the "Portfolio Manager(s)" heading.

Karim Suwwan de Felipe is portfolio manager of Pharmaceuticals Portfolio, which he has managed since July 2017. Since joining Fidelity Investments in 2010, Mr. Suwwan de Felipe has worked as a research analyst and portfolio manager.


SELHC-18-02
1.918629.120		August 14, 2018

Supplement to the
Fidelity® Select Portfolios®
Information Technology Sector
April 28, 2018
Prospectus

The following information replaces similar information for Communications Equipment Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Colin Anderson (lead portfolio manager) has managed the fund since October 2014.

Caroline Tall (co-manager) has managed the fund since August 2018.

It is expected that Ms. Tall will assume solo portfolio manager responsibilities for Communications Equipment Portfolio after a transition period of approximately six months and Mr. Anderson will no longer manage the fund at that time.

The following information replaces similar information for Computers Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Caroline Tall (portfolio manager) has managed the fund since December 2017.

The following information replaces similar information for Technology Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Charlie Chai (lead portfolio manager) has managed the fund since January 2007.

Nidhi Gupta (co-manager) has managed the fund since July 2018.

It is expected that Mr. Chai will retire effective on or about December 31, 2018. At that time, Ms. Gupta will assume sole portfolio management responsibilities for the fund.

The following information replaces similar information for Technology Portfolio found in the "Fund Services" section under the "Sub-Adviser(s)" heading.

FMRC, at 245 Summer Street, Boston, Massachusetts 02210, serves as a sub-adviser for each fund. FMRC has day-to-day responsibility for choosing investments for Communications Equipment Portfolio, Computers Portfolio, IT Services Portfolio, Semiconductors Portfolio, and Software and IT Services Portfolio. FMRC has day-to-day responsibility for choosing certain types of investments for Technology Portfolio.

FMR H.K., at Floor 19, 41 Connaught Road Central, Hong Kong, serves as a sub-adviser for each fund. As of December 31, 2017, FMR H.K. had approximately $18.2 billion in discretionary assets under management. Currently, FMR H.K. has day-to-day responsibility for choosing certain types of investments for Technology Portfolio. FMR H.K. may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Communications Equipment Portfolio, Computers Portfolio, IT Services Portfolio, Semiconductors Portfolio, and Software and IT Services Portfolio. FMR H.K. is an affiliate of the Adviser.

The following information replaces the biographical information for Communications Equipment Portfolio and Computers Portfolio found in the "Fund Services" section under the "Portfolio Manager(s)" heading.

Colin Anderson is lead portfolio manager of Communications Equipment Portfolio, which he has managed since October 2014. He also manages other funds. Since joining Fidelity Investments in 2007, Mr. Anderson has worked as a research associate, research analyst, and portfolio manager.

Caroline Tall is co-manager of Communications Equipment Portfolio and portfolio manager of Computers Portfolio, which she has managed since August 2018 and December 2017, respectively. She also manages other funds. Since joining Fidelity Investments in 2009, Ms. Tall has worked as research associate, research analyst, and portfolio manager.

It is expected that Ms. Tall will assume solo portfolio manager responsibilities for Communications Equipment Portfolio after a transition period of approximately six months and Mr. Anderson will no longer manage the fund at that time.

The following information replaces the biographical information for Technology Portfolio found in the “Fund Services” section under the “Portfolio Manager(s)” heading.

Charlie Chai is lead portfolio manager of Technology Portfolio, which he has managed since January 2007. He also manages other funds. Since joining Fidelity Investments in 1997, Mr. Chai has worked as a research analyst and portfolio manager.

Nidhi Gupta is co-manager of Technology Portfolio, which she has managed since July 2018. She also manages other funds. Since joining Fidelity Investments in 2008, Ms. Gupta has worked as an equity research analyst and portfolio manager.

It is expected that Mr. Chai will retire effective on or about December 31, 2018. At that time, Ms. Gupta will assume sole portfolio management responsibilities for the fund.


SELTEC-18-03
1.918659.126		August 14, 2018