0001379491-18-005831.txt : 20181101 0001379491-18-005831.hdr.sgml : 20181101 20181101110123 ACCESSION NUMBER: 0001379491-18-005831 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181101 DATE AS OF CHANGE: 20181101 EFFECTIVENESS DATE: 20181101 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: 181152621 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 S000007462 Financial Services Portfolio C000020436 Financial Services Portfolio FIDSX 0000320351 S000007467 Consumer Finance Portfolio C000020441 Consumer Finance Portfolio FSVLX 0000320351 S000007470 Insurance Portfolio C000020444 Insurance Portfolio FSPCX 0000320351 S000007475 Banking Portfolio C000020449 Banking Portfolio FSRBX 0000320351 S000007490 Brokerage and Investment Management Portfolio C000020464 Brokerage and Investment Management Portfolio FSLBX 497 1 filing995.htm PRIMARY DOCUMENT

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

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

Daniel Dittler (co-manager) has managed the fund since July 2015.

Charlie Ackerman (co-manager) has managed the fund since November 2018.

It is expected that Mr. Dittler will transition off of the fund effective on or about December 31, 2018. At that time, Mr. Ackerman will assume sole portfolio manager responsibilities for the fund.

Effective September 1, 2018, the following information replaces similar information for Consumer Finance Portfolio found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Shilpa Mehra (lead portfolio manager) has managed the fund since April 2012.

Chuck Culp (co-manager) has managed the fund since September 2018.

It is expected that Mr. Culp will assume solo portfolio manager responsibilities for the fund after a transition period and Ms. Mehra will no longer manage the fund at that time.

The following information replaces the biographical information for Brokerage and Investment Management Portfolio found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Charlie Ackerman is co-manager of Brokerage and Investment Management Portfolio, which he has managed since November 2018. Since joining Fidelity Investments in 2006, Mr. Ackerman has worked as a research analyst and portfolio manager.

Daniel Dittler is co-manager of Brokerage and Investment Management Portfolio, which he has managed since July 2015. Since joining Fidelity Investments in 2008, Mr. Dittler has worked as an equity research analyst and portfolio manager.

It is expected that Mr. Dittler will transition off of the fund effective on or about December 31, 2018. At that time, Mr. Ackerman will assume sole portfolio manager responsibilities for the fund.

Effective September 1, 2018, the following information replaces the biographical information for Consumer Finance Portfolio found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Shilpa Mehra is lead portfolio manager of Consumer Finance Portfolio, which she has managed since April 2012. She also manages other funds. Since joining Fidelity Investments in 2009, Ms. Mehra has worked as a research analyst and portfolio manager.

Chuck Culp is co-manager of Consumer Finance Portfolio, which he has managed since September 2018. Since joining Fidelity Investments in 2012, Mr. Culp has worked as a research analyst and portfolio manager.

It is expected that Mr. Culp will assume solo portfolio manager responsibilities for the fund after a transition period and Ms. Mehra will no longer manage the fund at that time.


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