# EDGAR Filing Document

**Accession Number:** 0000320351
**File Stem:** 0001379491-23-000038
**Filing Date:** 2023-1
**Character Count:** 20821
**Document Hash:** a3402da7e39c27fff7e7e3cd792da0d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001379491-23-000038.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001379491-23-000038

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**EFFECTIVENESS DATE**: 20230125

**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:** 23550850

**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

### Consumer Discretionary Portfolio (Series ID: S000007454)

---

|  |  |  |
|:---|:---|:---|
| Class Name                       | Ticker Symbol | Class ID   |
| Consumer Discretionary Portfolio | FSCPX         | C000020428 |

---

### 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 |

---

### Semiconductors Portfolio (Series ID: S000007458)

---

|  |  |  |
|:---|:---|:---|
| Class Name               | Ticker Symbol | Class ID   |
| Semiconductors Portfolio | FSELX         | C000020432 |

---

### Energy Portfolio (Series ID: S000007459)

---

|  |  |  |
|:---|:---|:---|
| Class Name       | Ticker Symbol | Class ID   |
| Energy Portfolio | FSENX         | C000020433 |

---

### Financial Services Portfolio (Series ID: S000007462)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| Financial Services Portfolio | FIDSX         | C000020436 |

---

### Consumer Staples Portfolio (Series ID: S000007463)

---

|  |  |  |
|:---|:---|:---|
| Class Name                 | Ticker Symbol | Class ID   |
| Consumer Staples Portfolio | FDFAX         | C000020437 |

---

### Automotive Portfolio (Series ID: S000007464)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Automotive Portfolio | FSAVX         | C000020438 |

---

### Gold Portfolio (Series ID: S000007465)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| Gold Portfolio | FSAGX         | C000020439 |

---

### Health Care Portfolio (Series ID: S000007466)

---

|  |  |  |
|:---|:---|:---|
| Class Name            | Ticker Symbol | Class ID   |
| Health Care Portfolio | FSPHX         | C000020440 |

---

### Fintech Portfolio (Series ID: S000007467)

---

|  |  |  |
|:---|:---|:---|
| Class Name        | Ticker Symbol | Class ID   |
| Fintech Portfolio | FSVLX         | C000020441 |

---

### Materials Portfolio (Series ID: S000007469)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Materials Portfolio | FSDPX         | C000020443 |

---

### Insurance Portfolio (Series ID: S000007470)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Insurance Portfolio | FSPCX         | C000020444 |

---

### Leisure Portfolio (Series ID: S000007471)

---

|  |  |  |
|:---|:---|:---|
| Class Name        | Ticker Symbol | Class ID   |
| Leisure Portfolio | FDLSX         | C000020445 |

---

### Health Care Services Portfolio (Series ID: S000007472)

---

|  |  |  |
|:---|:---|:---|
| Class Name                     | Ticker Symbol | Class ID   |
| Health Care Services Portfolio | FSHCX         | C000020446 |

---

### Medical Technology and Devices Portfolio (Series ID: S000007473)

---

|  |  |  |
|:---|:---|:---|
| Class Name                               | Ticker Symbol | Class ID   |
| Medical Technology and Devices Portfolio | FSMEX         | C000020447 |

---

### Banking Portfolio (Series ID: S000007475)

---

|  |  |  |
|:---|:---|:---|
| Class Name        | Ticker Symbol | Class ID   |
| Banking Portfolio | FSRBX         | C000020449 |

---

### Communication Services Portfolio (Series ID: S000007476)

---

|  |  |  |
|:---|:---|:---|
| Class Name                       | Ticker Symbol | Class ID   |
| Communication Services Portfolio | FBMPX         | C000020450 |

---

### Pharmaceuticals Portfolio (Series ID: S000007481)

---

|  |  |  |
|:---|:---|:---|
| Class Name                | Ticker Symbol | Class ID   |
| Pharmaceuticals Portfolio | FPHAX         | C000020455 |

---

### Retailing Portfolio (Series ID: S000007482)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Retailing Portfolio | FSRPX         | C000020456 |

---

### Software and IT Services Portfolio (Series ID: S000007483)

---

|  |  |  |
|:---|:---|:---|
| Class Name                         | Ticker Symbol | Class ID   |
| Software and IT Services Portfolio | FSCSX         | C000020457 |

---

### Technology Portfolio (Series ID: S000007484)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Technology Portfolio | FSPTX         | C000020458 |

---

### Telecommunications Portfolio (Series ID: S000007485)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| Telecommunications Portfolio | FSTCX         | C000020459 |

---

### Biotechnology Portfolio (Series ID: S000007486)

---

|  |  |  |
|:---|:---|:---|
| Class Name              | Ticker Symbol | Class ID   |
| Biotechnology Portfolio | FBIOX         | C000020460 |

---

### Transportation Portfolio (Series ID: S000007487)

---

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

---

### Utilities Portfolio (Series ID: S000007488)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Utilities Portfolio | FSUTX         | C000020462 |

---

### Wireless Portfolio (Series ID: S000007489)

---

|  |  |  |
|:---|:---|:---|
| Class Name         | Ticker Symbol | Class ID   |
| Wireless Portfolio | FWRLX         | C000020463 |

---

### Brokerage and Investment Management Portfolio (Series ID: S000007490)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                    | Ticker Symbol | Class ID   |
| Brokerage and Investment Management Portfolio | FSLBX         | C000020464 |

---

### IT Services Portfolio (Series ID: S000007491)

---

|  |  |  |
|:---|:---|:---|
| Class Name            | Ticker Symbol | Class ID   |
| IT Services Portfolio | FBSOX         | C000020465 |

---

### Chemicals Portfolio (Series ID: S000007492)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Chemicals Portfolio | FSCHX         | C000020466 |

---

### Tech Hardware Portfolio (Series ID: S000007493)

---

|  |  |  |
|:---|:---|:---|
| Class Name              | Ticker Symbol | Class ID   |
| Tech Hardware Portfolio | FDCPX         | C000020467 |

---

### Construction and Housing Portfolio (Series ID: S000007494)

---

|  |  |  |
|:---|:---|:---|
| Class Name                         | Ticker Symbol | Class ID   |
| Construction and Housing Portfolio | FSHOX         | C000020468 |

---

## Series and Classes Contracts Data

### Consumer Discretionary Portfolio (Series ID: S000007454)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000020428 | Consumer Discretionary Portfolio | FSCPX           |

### 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           |

### Semiconductors Portfolio (Series ID: S000007458)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000020432 | Semiconductors Portfolio | FSELX           |

### Energy Portfolio (Series ID: S000007459)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000020433 | Energy Portfolio | FSENX           |

### Financial Services Portfolio (Series ID: S000007462)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000020436 | Financial Services Portfolio | FIDSX           |

### Consumer Staples Portfolio (Series ID: S000007463)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000020437 | Consumer Staples Portfolio | FDFAX           |

### Automotive Portfolio (Series ID: S000007464)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000020438 | Automotive Portfolio | FSAVX           |

### Gold Portfolio (Series ID: S000007465)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000020439 | Gold Portfolio | FSAGX           |

### Health Care Portfolio (Series ID: S000007466)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000020440 | Health Care Portfolio | FSPHX           |

### Fintech Portfolio (Series ID: S000007467)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000020441 | Fintech Portfolio | FSVLX           |

### Materials Portfolio (Series ID: S000007469)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020443 | Materials Portfolio | FSDPX           |

### Insurance Portfolio (Series ID: S000007470)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020444 | Insurance Portfolio | FSPCX           |

### Leisure Portfolio (Series ID: S000007471)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000020445 | Leisure Portfolio | FDLSX           |

### Health Care Services Portfolio (Series ID: S000007472)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000020446 | Health Care Services Portfolio | FSHCX           |

### Medical Technology and Devices Portfolio (Series ID: S000007473)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000020447 | Medical Technology and Devices Portfolio | FSMEX           |

### Banking Portfolio (Series ID: S000007475)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000020449 | Banking Portfolio | FSRBX           |

### Communication Services Portfolio (Series ID: S000007476)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000020450 | Communication Services Portfolio | FBMPX           |

### Pharmaceuticals Portfolio (Series ID: S000007481)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000020455 | Pharmaceuticals Portfolio | FPHAX           |

### Retailing Portfolio (Series ID: S000007482)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020456 | Retailing Portfolio | FSRPX           |

### Software and IT Services Portfolio (Series ID: S000007483)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000020457 | Software and IT Services Portfolio | FSCSX           |

### Technology Portfolio (Series ID: S000007484)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000020458 | Technology Portfolio | FSPTX           |

### Telecommunications Portfolio (Series ID: S000007485)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000020459 | Telecommunications Portfolio | FSTCX           |

### Biotechnology Portfolio (Series ID: S000007486)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000020460 | Biotechnology Portfolio | FBIOX           |

### Transportation Portfolio (Series ID: S000007487)

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

### Utilities Portfolio (Series ID: S000007488)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020462 | Utilities Portfolio | FSUTX           |

### Wireless Portfolio (Series ID: S000007489)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000020463 | Wireless Portfolio | FWRLX           |

### Brokerage and Investment Management Portfolio (Series ID: S000007490)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000020464 | Brokerage and Investment Management Portfolio | FSLBX           |

### IT Services Portfolio (Series ID: S000007491)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000020465 | IT Services Portfolio | FBSOX           |

### Chemicals Portfolio (Series ID: S000007492)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020466 | Chemicals Portfolio | FSCHX           |

### Tech Hardware Portfolio (Series ID: S000007493)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000020467 | Tech Hardware Portfolio | FDCPX           |

### Construction and Housing Portfolio (Series ID: S000007494)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000020468 | Construction and Housing Portfolio | FSHOX           |

**Supplement to the Fidelity® Select Portfolios® April 29, 2022 STATEMENT OF ADDITIONAL INFORMATION** 

*The Board of Trustees has approved, subject to shareholder approval, a proposal to modify IT Services Portfolio's fundamental concentration policy. A meeting of the shareholders of the fund will be held during the second quarter of 2023 to vote on this proposal.*

*Shareholders should read the proxy statement, which contains important information about the proposal, when it becomes available. For a free copy of the proxy statement, please contact Fidelity at 1-800-544-8544. The proxy statement will also be available on the Securities and Exchange Commission's web site (www.sec.gov). Results of the shareholder meeting will appear in the fund's next shareholder report.*

*Pending shareholder approval of the fund's proposal to modify its concentration policy, effective July 1, 2023, the following information replaces similar information for IT Services Portfolio found in the "Investment Policies and Limitations" section.*

*Concentration*

*For Enterprise Technology Services Portfolio (fka IT Services Portfolio):*

*The fund may not purchase the securities of any issuer if, as a result, less than 25% of the fund's total assets would be invested in the securities of issuers principally engaged in the enterprise technology services industry.*

*Katherine Shaw no longer serves as portfolio manager of Consumer Discretionary Portfolio.*

*Jordan Michaels serves as portfolio manager of Consumer Discretionary Portfolio.*

*The following information replaces similar information for Consumer Discretionary Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Mr. Michaels as of July 31, 2022:

---

| | | | |
|:---|:---|:---|:---|
|  | **Registered<br>Investment<br>Companies\*** | **Other Pooled<br>Investment<br>Vehicles** | **Other<br>Accounts** |
| Number of Accounts Managed | 6 |  |  |
| Number of Accounts Managed with Performance-Based Advisory Fees | 1 |  |  |
| Assets Managed (in millions) | $2229 |  |  |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $30 |  |  |

---

\* Includes Consumer Discretionary Portfolio ($441 (in millions) assets managed).

As of July 31, 2022, the dollar range of shares of Consumer Discretionary Portfolio beneficially owned by Mr. Michaels was none.

*The following information supplements information for Insurance Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Mr. Razzaque as of July 31, 2022:

---

| | | | |
|:---|:---|:---|:---|
|  | **Registered<br>Investment<br>Companies\*** | **Other Pooled<br>Investment<br>Vehicles** | **Other<br>Accounts** |
| Number of Accounts Managed | 8 | 4 | 1 |
| Number of Accounts Managed with Performance-Based Advisory Fees | 1 |  |  |
| Assets Managed (in millions) | $819 | $61 | $1 |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $15 |  |  |

---

\* Includes Insurance Portfolio ($284 (in millions) assets managed).

As of July 31, 2022, the dollar range of shares of Insurance Portfolio beneficially owned by Mr. Razzaque was $10,001 - $50,000.

*The following information supplements information for Leisure Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Mr. Francfort as of September 30, 2022:

---

| | | | |
|:---|:---|:---|:---|
|  | **Registered<br>Investment<br>Companies\*** | **Other Pooled<br>Investment<br>Vehicles** | **Other<br>Accounts** |
| Number of Accounts Managed | 1 |  |  |
| Number of Accounts Managed with Performance-Based Advisory Fees |  |  |  |
| Assets Managed (in millions) | $477 |  |  |
| Assets Managed with Performance-Based Advisory Fees (in millions) |  |  |  |

---

\* Includes Leisure Portfolio ($477 (in millions) assets managed).

As of September 30, 2022, the dollar range of shares of Leisure Portfolio beneficially owned by Mr. Francfort was $50,001 - $100,000.

SELB-23-011.475630.223 January 25, 2023

------

**Supplement to the Fidelity® Select Portfolios® Information Technology Sector April 29, 2022 Prospectus** 

At its January 2023 meeting, the Board of Trustees ("Board") approved changes to the name and an investment policy of the IT Services Portfolio ("Fund"). Effective June 1, 2023, the Fund will: (i) change its name to Enterprise Technology Services Portfolio; (ii) change its 80% policy to normally invest at least 80% of assets in securities of companies principally engaged in providing enterprise technology services; and (iii) change its supplemental benchmark index to the MSCI U.S. IMI Enterprise Technology Services 25/50 Index.

Effective June 1, 2023, the following information replaces similar information for IT Services Portfolio found in the "Fund Summary" section under the "Principal Investment Strategies" heading.

* Normally investing at least 80% of assets in securities of companies principally engaged in providing enterprise technology
 services.

Effective June 1, 2023, the following information replaces the similar information for IT Services Portfolio found in the "Investment Details" section under the "Principal Investment Strategies" heading.

The fund invests primarily in **companies engaged in providing enterprise technology services.** The fund normally invests at least 80% of its assets in securities of companies principally engaged in these activities.

At its January 2023 meeting, the Board also approved, subject to shareholder approval, a proposal to modify the Fund's fundamental concentration policy. A meeting of the shareholders of the Fund will be held during the second quarter of 2023, to vote on this proposal. If approved by shareholders, the fundamental concentration policy will be modified to more closely align with the new fund name. If approved, the changes are expected to take effect on July 1, 2023 or the first day of the month following shareholder approval. The changes to the Fund's name and the investment policy discussed above are not subject to shareholder approval and are expected to take effect on June 1, 2023 even if shareholders do not approve the proposed change to the concentration policy.

*Shareholders should read the proxy statement, which contains important information about the concentration policy proposal, when it becomes available. For a free copy of the proxy statement, please contact Fidelity at 1-800-544-8544. The proxy statement will also be available on the Securities and Exchange Commission's web site (www.sec. gov). Results of the shareholder meeting will appear in the fund's next shareholder report.*

SELTEC-23-011.918659.135 January 25, 2023

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