# EDGAR Filing Document

**Accession Number:** 0000320351
**File Stem:** 0000320351-25-000191
**Filing Date:** 2025-7
**Character Count:** 5645
**Document Hash:** fb45a50c48063cdc2a380fed540dd9d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000320351-25-000191.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0000320351-25-000191

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**EFFECTIVENESS DATE**: 20250722

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SELECT PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000320351

**ORGANIZATION NAME:**
- **EIN:** 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:** 251139229

**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

## Series and Classes Contracts Data

### Industrials Portfolio (Series ID: S000007455)

---

|  |  |  |
|:---|:---|:---|
| Class Name            | Ticker Symbol | Class ID   |
| Industrials Portfolio | FCYIX         | C000020429 |

---

### Defense and Aerospace Portfolio (Series ID: S000007456)

---

|  |  |  |
|:---|:---|:---|
| Class Name                      | Ticker Symbol | Class ID   |
| Defense and Aerospace Portfolio | FSDAX         | C000020430 |

---

### Transportation Portfolio (Series ID: S000007487)

---

|  |  |  |
|:---|:---|:---|
| Class Name               | Ticker Symbol | Class ID   |
| Transportation Portfolio | FSRFX         | C000020461 |

---

## Series and Classes Contracts Data

### Industrials Portfolio (Series ID: S000007455)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000020429 | Industrials Portfolio | FCYIX           |

### Defense and Aerospace Portfolio (Series ID: S000007456)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000020430 | Defense and Aerospace Portfolio | FSDAX           |

### Transportation Portfolio (Series ID: S000007487)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000020461 | Transportation Portfolio | FSRFX           |

**Supplement to the Fidelity® Select Portfolios®**

**Industrials Sector April 29, 2025 Prospectus**

**Proposed Reorganization.** The Board of Trustees of Fidelity Select Portfolios has unanimously approved an Agreement and Plan of Reorganization ("Agreement") between Industrials Portfolio and Fidelity Advisor® Industrials Fund pursuant to which Industrials Portfolio would be reorganized on a tax-free basis with and into Fidelity Advisor® Industrials Fund.

As a result of the proposed Reorganization, shareholders of Industrials Portfolio would receive corresponding shares of Fidelity Advisor® Industrials Fund.

The Agreement provides for the transfer of all of the assets of Industrials Portfolio in exchange for corresponding shares of Fidelity Advisor® Industrials Fund equal in value to the net assets of Industrials Portfolio and the assumption by Fidelity Advisor® Industrials Fund of all of the liabilities of Industrials Portfolio. After the exchange, Industrials Portfolio will distribute the Fidelity Advisor® Industrials Fund shares to its shareholders pro rata, in liquidation of Industrials Portfolio. As a result, shareholders of Industrials Portfolio will become shareholders of Fidelity Advisor® Industrials Fund (these transactions are collectively referred to as the "Reorganization").

The Reorganization, which does not require shareholder approval, is expected to take place on or about October 17, 2025. The Reorganization is expected to be a tax-free transaction. This means that neither Industrials Portfolio nor its shareholders will recognize any gain or loss as a direct result of the Reorganization.

Effective after the close of business on the business day prior to the Reorganization, new positions in the fund may no longer be opened. Existing shareholders may continue to hold their shares and purchase additional shares through the reinvestment of dividend and capital gain distributions until the fund's Reorganization takes place.

*For more detailed information, please contact Fidelity at 1-800-544-8544.*

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

David Wagner (Co-Portfolio Manager) has managed the fund since 2023.

Effective December 31, 2025, Mr. Wagner will no longer serve as Co-Portfolio Manager for the fund and Mr. Pfannenstiel will assume sole portfolio manager responsibilities.

Clayton Pfannenstiel (Co-Portfolio Manager) has managed the fund since 2025.

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

Clayton Pfannenstiel is Co-Portfolio Manager of Industrials Portfolio, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2018, Mr. Pfannenstiel has worked as a high yield research analyst and portfolio manager.

David Wagner is Co-Portfolio Manager of Industrials Portfolio, which he has managed since 2023. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Wagner has worked as an intern, research analyst, and portfolio manager.

Effective December 31, 2025, Mr. Wagner will no longer serve as Co-Portfolio Manager for Industrials Portfolio and Mr. Pfannenstiel will assume sole portfolio manager responsibilities.

SELCI-PSTK-0725-132 1.911519.132 July 22, 2025