245 Summer Street
Fidelity® Investments
Boston, MA 02210
October 29, 2018
U.S. Securities & Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
RE: | Fidelity Select Portfolios (the trust): File Nos. 002-69972 and 811-03114 Fidelity Flex Real Estate Fund (the fund(s)) |
________________________________________________________________________
Ladies and Gentlemen:
Transmitted herewith for filing pursuant to Rule 497(e) under the Securities Act of 1933 (33 Act), as amended, are exhibits containing interactive data format risk/return summary information for supplements to the registration statement for the fund(s) listed above. The purpose of this filing is to submit the 497 filing in XBRL for the fund(s).
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| | Sincerely, |
|
|
| /s/Renee Cummings |
| Renee Cummings |
| Legal Product Group |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | 497 |
Document Period End Date | dei_DocumentPeriodEndDate | Jul. 31, 2018 |
Registrant Name | dei_EntityRegistrantName | FIDELITY SELECT PORTFOLIOS |
Central Index Key | dei_EntityCentralIndexKey | 0000320351 |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Oct. 11, 2018 |
Document Effective Date | dei_DocumentEffectiveDate | Oct. 11, 2018 |
Prospectus Date | rr_ProspectusDate | Oct. 11, 2018 |
07.31 Fidelity Flex Real Estate Fund PRO-06 | Fidelity Flex℠ Real Estate Fund | |||||||||||||||||||
<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> | |||||||||||||||||||
The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. | |||||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | |||||||||||||||||||
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. | |||||||||||||||||||
<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> | |||||||||||||||||||
| |||||||||||||||||||
<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> | |||||||||||||||||||
| |||||||||||||||||||
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: | |||||||||||||||||||
<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> | |||||||||||||||||||
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 91% of the average value of its portfolio. | |||||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | |||||||||||||||||||
| |||||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | |||||||||||||||||||
In addition, the fund is classified as non-diversified under the Investment Company Act of 1940, which means that it has the ability to 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. | |||||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | |||||||||||||||||||
Performance history will be available for the fund after the fund has been in operation for one calendar year. |
Label | Element | Value | ||||
---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||
Registrant Name | dei_EntityRegistrantName | FIDELITY SELECT PORTFOLIOS | ||||
Prospectus Date | rr_ProspectusDate | Oct. 11, 2018 | ||||
07.31 Fidelity Flex Real Estate Fund PRO-06 | Fidelity Flex℠ Real Estate Fund | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | <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> | ||||
Objective [Heading] | rr_ObjectiveHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font> | ||||
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 | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | ||||
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 | <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> | ||||
(fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | <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> | ||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font> | ||||
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 91% of the average value of its portfolio. |
||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 91.00% | ||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | <font style="FONT-FAMILY: Times New Roman" size="3">Based on historical expenses, adjusted to reflect current fees.</font> | ||||
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 | <p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p> | ||||
Strategy [Heading] | rr_StrategyHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
|
||||
Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration | <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> | ||||
Risk [Heading] | rr_RiskHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
In addition, the fund is classified as non-diversified under the Investment Company Act of 1940, which means that it has the ability to 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 | <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> | ||||
Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | <font style="FONT-FAMILY: Times New Roman" size="3">In addition, the fund is classified as non-diversified under the Investment Company Act of 1940, which means that it has the ability to 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> | ||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | <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> | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | ||||
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 | <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> | ||||
07.31 Fidelity Flex Real Estate Fund PRO-06 | 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 | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | none | ||||
3 years | rr_ExpenseExampleYear03 | none | ||||
5 years | rr_ExpenseExampleYear05 | none | ||||
10 years | rr_ExpenseExampleYear10 | none | ||||
|
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | FIDELITY SELECT PORTFOLIOS |
Prospectus Date | rr_ProspectusDate | Oct. 11, 2018 |
Document Creation Date | dei_DocumentCreationDate | Oct. 11, 2018 |
5T55*JB?2[3/$9/DNQ5D1XI79]^??!W@,YO%BFT70:R)L\&&YH1>@">:"
M5:S>J(BHL!3Q#)!B8'N<9%@^H^U '"/:1&<9"<^(KT;I***S-J [ Z=RE[D:
M2ZJSG))9N5.%]_/B(T$[5YL%O'#29<\,70Y466?E8G!>@(2E\2Q[/8^X^N@]
M42@8DEB(IR<9QXMY IY&"Z)S EF]@;7.A6:D T338(P&3,CC-AB*=NG#SP1Q
MK2)F(&BI:%&OZWO56:C]3%OQ1JN5.XQ/J^#W.LM-,0%NP)Z0G5$YNI>47B=L
M(<32FOX 6Z%HZ^.:BK+=I)CJN-;V&>PX5;7
M*[2'%4-)1L)[S6+ER+.BUMYUK[I!/7$F?&2)\$(<^ R\ ><#Q^.L76$P>19?
MT>W8Z-DJ2WFR_62Z+5__/ VXKI*+K6K[0)57I9AMQKP'S ^V( G:\#,WUHO MQN3R18%]^A%?S40'63N''[[]35'X4H!:X
M%F=A8 :T$8 G:3R?)>?!C.,,Q*+])^Y]BF;SV #55"8X9U#(FX@(D,8"F'J]Y%DZKU8@9P*>CIL1
MR)F IW8I7"D3T#ZG.?J2)NB9CVGYM9%1EB8A.=C+HVF$PNLB*.: W_KP-*E5D,#EX"M5P
M@ZIA4OT&^((]1O ,4!%"9'2]?#A'5$S]Z!K-7-__ WY0"=&6&^.B[8_$I8;DZH(7/VK=Y[B,1:BV0,]F%@>
MW@*]"7&>+M%NP"K?2*VRV3N_WV1!DC^0_>T_(%HLG%N1+E!V@X&RSJK6Q=FZ7@'Q&S-
MA6-N33CF."UJ' =/O85/6@@%M;(YXL(VMR!L
C"M&;P[6ZGWK%E\5%S9
M<;7$,C#86;OFXVJA8WAX.44A%Y /H4)NEXQ<('X-'G&[HF154AJ99(9%(@:YQQUYWFCGS-_#
MYQ>8Y?^Y0,IA&GVP1RJ>YF2*A70QZ>HDE9"%:EK@Q@$N:I.&0:("V?9>7K
MFWPG>!C^)NLRNM![Q)EP<"J,'BS$G5$[;'#T<0* &Y,/L:VZ0XD<=A;XUHMK
MNGAFDF-L?KG*K+ZLTLZHF^2;W"R%(SB826+E:EC$T3,IRMR;H8AM4W'(+#9:
MIB=<=;9G)VJPL#0WH7:(,S5ARX\>,81=43MHL-6QO=Z-:8G04-WQ0PHV\T3K
M0S)-!#-(+B:Q'*543SJ9S([//KOG?. I*H,YEZ?#JEA
MGY3&24&SVP2LY,BS>"RY63M