STATEMENT OF ADDITIONAL INFORMATION
April 28, 2012
Sean Gavin no longer serves as co-manager of Air Transportation Portfolio.
Vincent Montemaggiore no longer serves as co-manager of Banking Portfolio.
Charlie Chai no longer serves as co-manager of Communications Equipment Portfolio.
Daniel Kelley no longer serves as co-manager of Construction and Housing Portfolio
Christopher Lee no longer serves as co-manager of Consumer Finance Portfolio.
John Sheehy no longer serves as co-manager of Defense and Aerospace Portfolio.
Christopher Lin no longer serves as co-manager of Electronics Portfolio.
Stephen Bullock no longer serves as co-manager of Industrial Equipment Portfolio.
Ryan Oldham no longer serves as co-manager of Natural Gas Portfolio.
Asher Anolic has replaced Andrew Oh as portfolio manager of Pharmaceuticals Portfolio.
Sean Gavin no longer serves as co-manager of Transportation Portfolio.
Matthew Drukker no longer serves as co-manager of Wireless Portfolio.
Christopher Lin has replaced Matthew Schuldt as the portfolio manager of Computers Portfolio.
The following information supplements similar information found in the "Management Contracts" section beginning on page 62.
SELB-13-03 April 10, 2013
1.475630.171
The following table provides information relating to other accounts managed by Mr. Lin as of January 31, 2013:
|
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)
|
$ 700
|
none
|
none
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
none
|
none
|
none
|
* Includes Computers Portfolio ($700 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of January 31, 2013
|
Christopher Lin
|
Computers Portfolio
|
none
|
Gordon Scott has replaced John Harris as the portfolio manager of Consumer Discretionary 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. 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
|
Boris Shepov serves as portfolio 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. Shepov 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
|
Boris Shepov
|
Industrial Equipment Portfolio
|
none
|
Steven Bullock has replaced Andrew Hatem as the portfolio manager of Medical Delivery 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. 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
|
Nidhi Gupta has replaced Kristina Salen as the portfolio manager of Multimedia 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 Ms. Gupta as of January 31, 2013:
|
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)
|
$ 617
|
none
|
none
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
none
|
none
|
none
|
* Includes Multimedia Portfolio ($617 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of January 31, 2013
|
Nidhi Gupta
|
Multimedia Portfolio
|
none
|
Ted Davis serves as portfolio 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
|
Matthew Drukker has replaced Kristina Salen as the portfolio manager of Telecommunications 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. Drukker as of January 31, 2013:
|
Registered
Investment
Companies
*
|
Other Pooled
Investment
Vehicles
|
Other
Accounts
|
Number of Accounts Managed
|
6
|
none
|
none
|
Number of Accounts Managed with Performance-Based Advisory Fees
|
1
|
none
|
none
|
Assets Managed (in millions)
|
$ 918
|
none
|
none
|
Assets Managed with Performance-Based Advisory Fees (in millions)
|
$ 100
|
none
|
none
|
* Includes Telecommunications Portfolio ($404 (in millions) assets managed).
Sector Fund Manager
|
Select Fund(s)
|
Dollar Range of Shares owned
as of January 31, 2013
|
Matthew Drukker
|
Telecommunications Portfolio
|
none
|
Supplement to the
Fidelity
®
Select Portfolios
®
Health Care Sector
April 28, 2012
Prospectus
The following information replaces similar information for Medical Delivery Portfolio found in the "Fund Summary" section under the heading "Portfolio Manager(s)" on page 10.
Steven Bullock (portfolio manager) has managed the fund since July 2012.
The following information replaces similar information for Pharmaceuticals Portfolio found in the "Fund Summary" section under the heading "Portfolio Manager(s)" on page 16.
Asher Anolic (portfolio manager) has managed the fund since April 2013.
The following information replaces the biographical information for Andrew Hatem found in the "Fund Management" section on page 27.
Steven Bullock is portfolio manager of Medical Delivery Portfolio, which he has managed since July 2012. Since joining Fidelity Investments
in 2006, Mr. Bullock has worked as a research analyst and portfolio manager.
The following information replaces the biographical information for Andrew Oh found in the "Fund Management" section on page 27.
Asher Anolic is portfolio manager of Pharmaceuticals Portfolio, which he has managed since April 2013. Since joining Fidelity Investments in
2008, he has worked as a research analyst and portfolio manager. Prior to joining Fidelity Investments in 2008, Mr. Anolic worked for Bear
Stearns as a research analyst.
SELHC-13-01 April 10, 2013
1.918629.102
Supplement to the
Fidelity
®
Select Portfolios
®
Energy Sector
April 28, 2012
Prospectus
Ryan Oldham no longer serves as a co-manager of Natural Gas Portfolio.
The following information replaces the information for Natural Gas Portfolio found in the "Fund Summary" section under the heading "Portfolio Manager(s)" on page 10.
Ted Davis (portfolio manager) has managed the fund since September 2012.
The following information replaces the biographical information for Ryan Oldham found in the "Fund Management" section on page 24.
Ted Davis is portfolio manager of Natural Gas Portfolio, which he has managed since September 2012. Prior to joining Fidelity Investments in
June 2012, Mr. Davis worked for AllianceBernstein from 1998 to 2012.
SELNR-13-01 April 10, 2013
1.913321.104