Definitive Materials Filed by Investment Companies. (497)
17 November 2012 - 2:24AM
Edgar (US Regulatory)
Supplement to the
Fidelity
®
Select Portfolios
®
Air Transportation Portfolio (FSAIX), Automotive Portfolio (FSAVX), Banking Portfolio (FSRBX), Biotechnology Portfolio (FBIOX),
Brokerage and Investment Management Portfolio (FSLBX), Chemicals Portfolio (FSCHX), Communications Equipment Portfolio
(FSDCX), Computers Portfolio (FDCPX), Construction and Housing Portfolio (FSHOX), Consumer Discretionary Portfolio (FSCPX),
Consumer Finance Portfolio (FSVLX), Consumer Staples Portfolio (FDFAX), Defense and Aerospace Portfolio (FSDAX), Electronics
Portfolio (FSELX), Energy Portfolio (FSENX), Energy Service Portfolio (FSESX), Environmental and Alternative Energy Portfolio
(FSLEX), Financial Services Portfolio (FIDSX), Gold Portfolio (FSAGX), Health Care Portfolio (FSPHX), Industrial Equipment
Portfolio (FSCGX), Industrials Portfolio (FCYIX), Insurance Portfolio (FSPCX), IT Services Portfolio (FBSOX), Leisure Portfolio
(FDLSX), Materials Portfolio (FSDPX), Medical Delivery Portfolio (FSHCX), Medical Equipment and Systems Portfolio (FSMEX),
Multimedia Portfolio (FBMPX), Natural Gas Portfolio (FSNGX), Natural Resources Portfolio (FNARX), Pharmaceuticals Portfolio
(FPHAX), Retailing Portfolio (FSRPX), Software and Computer Services Portfolio (FSCSX), Technology Portfolio (FSPTX),
Telecommunications Portfolio (FSTCX), Transportation Portfolio (FSRFX), Utilities Portfolio (FSUTX),
and Wireless Portfolio (FWRLX)
Consumer Staples Portfolio is a Class of shares of Consumer Staples Portfolio; Gold Portfolio is a
Class of shares of Gold Portfolio; Materials Portfolio is a Class of shares of Materials Portfolio; and
Telecommunications Portfolio is a Class of shares of Telecommunications Portfolio
Funds of Fidelity Select Portfolios
STATEMENT OF ADDITIONAL INFORMATION
April 28, 2012
Sean Gavin no longer serves as co-manager of Air Transportation Portfolio. All references to Sean Gavin in the "Management Contracts" section beginning on page 62 are no longer applicable.
Vincent Montemaggiore no longer serves as co-manager of Banking Portfolio. All references to Vincent Montemaggiore in the "Management Contracts" section beginning on page 62 are no longer applicable.
Charlie Chai no longer serves as co-manager of Communications Equipment Portfolio. All references to Charlie Chai in the "Management Contracts" section beginning on page 62 are no longer applicable.
Daniel Kelley no longer serves as co-manager of Construction and Housing Portfolio. All references to Daniel Kelley in the "Management Contracts" section beginning on page 62 are no longer applicable.
Christopher Lee no longer serves as co-manager of Consumer Finance Portfolio. All references to Christopher Lee in the "Management Contracts" section beginning on page 62 are no longer applicable.
John Sheehy no longer serves as co-manager of Defense and Aerospace Portfolio. All references to John Sheehy in the "Management
Contracts" section beginning on page 62 are no longer applicable.
Sean Gavin no longer serves as co-manager of Transportation Portfolio. All references to Sean Gavin in the "Management Contracts"
section beginning on page 62 are no longer applicable.
Gordon Scott has replaced John Harris as the portfolio manager of Consumer Discretionary Portfolio. All references to John Harris
are no longer applicable.
The following information supplements similar information found in the "Management Contracts" section beginning on page 62.
SELB-12-12 November 16, 2012
1.475630.168
The following table provides information relating to other accounts managed by Mr. Scott as of May 31, 2012:
|
Registered
Investment
Companies
*
|
Other Pooled
Investment
Vehicles
|
Other
Accounts
|
Number of Accounts Managed
|
10
|
none
|
1
|
Number of Accounts Managed with Performance-Based Advisory Fees
|
5
|
none
|
none
|
Assets Managed (in millions)
|
$ 1,956
|
none
|
$ 1
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
$ 680
|
none
|
none
|
* Includes Consumer Discretionary Portfolio ($303 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of May 31, 2012
|
Gordon Scott
|
Consumer Discretionary Portfolio
|
$100,001 - $500,000
|
Shilpa Mehra serves as portfolio manager of Consumer Finance Portfolio. The following information supplements information found
in the "Management Contracts"section beginning on page 62.
The following table provides information relating to other accounts managed by Ms. Mehra as of April 30, 2012:
|
Registered
Investment
Companies
*
|
Other Pooled
Investment
Vehicles
|
Other
Accounts
|
Number of Accounts Managed
|
1
|
none
|
none
|
Number of Accounts Managed with Performance-Based Advisory Fees
|
none
|
none
|
none
|
Assets Managed (in millions)
|
$ 198
|
none
|
none
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
none
|
none
|
none
|
* Includes Consumer Finance Portfolio ($198 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of April 30, 2012
|
Shilpa Mehra
|
Consumer Finance Portfolio
|
none
|
Borys Kuroschepov serves as co-manager of Industrial Equipment Portfolio.
The following information supplements similar information found in the "Management Contracts" section beginning on page 62.
The following table provides information relating to other accounts managed by Mr. Kuroschepov as of August 31, 2012:
|
Registered
Investment
Companies
*
|
Other Pooled
Investment
Vehicles
|
Other
Accounts
|
Number of Accounts Managed
|
2
|
none
|
none
|
Number of Accounts Managed with Performance-Based Advisory Fees
|
none
|
none
|
none
|
Assets Managed (in millions)
|
$ 353
|
none
|
none
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
none
|
none
|
none
|
* Includes Industrial Equipment Portfolio ($297 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of August 31, 2012
|
Borys Kuroschepov
|
Industrial Equipment Portfolio
|
none
|
Steven Bullock has replaced Andrew Hatem as the portfolio manager of Medical Delivery Portfolio. All references to Andrew Hatem
are no longer applicable.
The following information supplements similar information found in the "Management Contracts" section beginning on page 62.
The following table provides information relating to other accounts managed by Mr. Bullock as of July 31, 2012:
|
Registered
Investment
Companies
*
|
Other Pooled
Investment
Vehicles
|
Other
Accounts
|
Number of Accounts Managed
|
2
|
none
|
none
|
Number of Accounts Managed with Performance-Based Advisory Fees
|
none
|
none
|
none
|
Assets Managed (in millions)
|
$ 1,060
|
none
|
none
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
none
|
none
|
none
|
* Includes Medical Delivery Portfolio ($779 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of July 31, 2012
|
Steven Bullock
|
Medical Delivery Portfolio
|
none
|
Ted Davis serves as co-manager of Natural Gas Portfolio. The following information supplements information found in the "Management Contracts"section beginning on page 62.
The following table provides information relating to other accounts managed by Mr. Davis as of September 30, 2012:
|
Registered
Investment
Companies
*
|
Other Pooled
Investment
Vehicles
|
Other
Accounts
|
Number of Accounts Managed
|
1
|
none
|
none
|
Number of Accounts Managed with Performance-Based Advisory Fees
|
none
|
none
|
none
|
Assets Managed (in millions)
|
$ 332
|
none
|
none
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
none
|
none
|
none
|
* Includes Natural Gas Portfolio ($332 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of September 30, 2012
|
Ted Davis
|
Natural Gas Portfolio
|
$1 - $10,000
|
Supplement to the
Fidelity
®
Select Portfolios
®
Financials Sector
April 28, 2012
Prospectus
The following information replaces similar information for Banking Portfolio found in the "Fund Summary" section under the heading "Portfolio Manager(s)" on page 4.
John Sheehy (portfolio manager) has managed the fund since January 2012.
The following information replaces similar information for Consumer Finance Portfolio found in the "Fund Summary" section under the heading "Portfolio Manager(s)" on page 10.
Shilpa Mehra (portfolio manager) has managed the fund since April 2012.
The following information replaces the biographical information for Vincent Montemaggiore and John Sheehy found in the "Fund Management" section on page 27.
John Sheehy is portfolio manager of Banking Portfolio, which he has managed since January 2012. He also manages other funds. Mr. Sheehy
joined Fidelity Investments in 2007 as an equity research analyst after receiving an MBA from the Stern School of Business at NYU.
The following information replaces the biographical information for Christopher Lee found in the "Fund Management" section on page 27.
Shilpa Mehra is portfolio manager of Consumer Finance Portfolio, which she has managed since April 2012. Prior to joining Fidelity Investments in
2009 as a research analyst, Ms. Mehra interned at Gabelli Asset Management after receiving her MBA at Columbia University.
SELFIN-12-05 November 16, 2012
1.916419.107