497 1 main.htm

Supplement to the

Fidelity Advisor® International Real Estate Fund

Class A (FIRAX), Class T (FIRTX), Class B (FIRBX), Class C (FIRCX), and Institutional Class (FIRIX)

Classes of shares of Fidelity® International Real Estate Fund

A Fund of Fidelity Select Portfolios

STATEMENT OF ADDITIONAL INFORMATION

September 29, 2014

The following information replaces similar information found in the "Trustees and Officers" section on page 42.

The following table sets forth information describing the dollar range of equity securities beneficially owned by each Trustee in the fund and in all funds in the aggregate within the same fund family overseen by the Trustee for the calendar year ended December 31, 2013 (or as of March 31, 2014 for Mr. Hogan, Trustee as of March 18, 2014).

Interested Trustee

DOLLAR RANGE OF
FUND SHARES

Brian B. Hogan

 

The fund

none

 

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

 

Independent Trustees

DOLLAR RANGE OF
FUND SHARES

David A. Rosow

Garnett A. Smith

Michael E. Wiley

The fund

none

none

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

$10,001 - $50,000

over $100,000 

AIRE-AIREIB-14-01		December 16, 2014
1.881503.105

Supplement to the

 

Class A

Class T

Class B

Class C

Institutional
Class

Fidelity Advisor® Consumer Staples Fund

FDAGX

FDTGX

FDBGX

FDCGX

FDIGX

Fidelity Advisor Gold Fund

FGDAX

FGDTX

FGDBX

FGDCX

FGDIX

Fidelity Advisor Materials Fund

FMFAX

FMFTX

FMFBX

FMFCX

FMFEX

Fidelity Advisor Telecommunications Fund

FTUAX

FTUTX

FTUBX

FTUCX

FTUIX

Fidelity Advisor Consumer Staples Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Consumer Staples Portfolio; Fidelity Advisor Gold Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Gold Portfolio; Fidelity Advisor Materials Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Materials Portfolio; and Fidelity Advisor Telecommunications Fund Class A, Class T, Class B, Class C, and Institutional Class are Classes of shares of Telecommunications Portfolio

Funds of Fidelity Select Portfolios

STATEMENT OF ADDITIONAL INFORMATION

April 29, 2014

The following information replaces similar information found in the "Trustees and Officers" section beginning on page 37.

The following table sets forth information describing the dollar range of equity securities beneficially owned by each Trustee in each fund and in all funds in the aggregate within the same fund family overseen by the Trustee for the calendar year ended December 31, 2013 (or as of March 31, 2014 for Mr. Hogan, Trustee as of March 18, 2014).

Interested Trustees

DOLLAR RANGE OF
FUND SHARES

Brian B. Hogan

 

Consumer Staples Portfolio

none

 

Gold Portfolio

over $100,000

 

Materials Portfolio

$10,001 - $50,000

 

Telecommunications Portfolio

$10,001 - $50,000

 

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

 

Independent Trustees

DOLLAR RANGE OF
FUND SHARES

Ned C. Lautenbach

David A. Rosow

Garnett A. Smith

Consumer Staples Portfolio

none

$50,001 - $100,000

none

Gold Portfolio

none

none

none

Materials Portfolio

none

$10,001 - $50,000

none

Telecommunications Portfolio

none

none

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

over $100,000

$10,001 - $50,000

DOLLAR RANGE OF
FUND SHARES

William S. Stavropoulos

Michael E. Wiley

Consumer Staples Portfolio

none

none

Gold Portfolio

none

none

Materials Portfolio

none

none

Telecommunications Portfolio

none

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

over $100,000 

FASFB-14-01		December 16, 2014
1.848947.112

Supplement to the

Fidelity® Telecom and Utilities Fund (FIUIX)

A Fund of Fidelity Select Portfolios

STATEMENT OF ADDITIONAL INFORMATION

April 1, 2014

The following information replaces similar information found in the "Trustees and Officers" section on page 33.

The following table sets forth information describing the dollar range of equity securities beneficially owned by each Trustee in the fund and in all funds in the aggregate within the same fund family overseen by the Trustee for the calendar year ended December 31, 2013 (or as of March 31, 2014 for Mr. Hogan, Trustee as of March 18, 2014).

Interested Trustee

DOLLAR RANGE OF
FUND SHARES

Brian B. Hogan

 

Fidelity Telecom and Utilities Fund

over $100,000

 

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

 

Independent Trustees

DOLLAR RANGE OF
FUND SHARES

Ned C. Lautenbach

David A. Rosow

Garnett A. Smith

William S. Stavropoulos

Michael E. Wiley

Fidelity Telecom and Utilities Fund

none

none

none

none

 

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

over $100,000

$10,001 - $50,000

over $100,000

over $100,000 

UIFB-14-01		December 16, 2014
1.712214.117

Supplement to the

Fidelity® International Real Estate Fund (FIREX)

A Class of shares of Fidelity International Real Estate Fund

A Fund of Fidelity Select Portfolios

STATEMENT OF ADDITIONAL INFORMATION

September 29, 2014

The following information replaces similar information found in the "Trustees and Officers" section on page 42.

The following table sets forth information describing the dollar range of equity securities beneficially owned by each Trustee in the fund and in all funds in the aggregate within the same fund family overseen by the Trustee for the calendar year ended December 31, 2013 (or as of March 31, 2014 for Mr. Hogan, Trustee as of March 18, 2014).

Interested Trustee

DOLLAR RANGE OF
FUND SHARES

Brian B. Hogan

Fidelity International Real Estate Fund

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

Independent Trustees

DOLLAR RANGE OF
FUND SHARES

David A. Rosow

Garnett A. Smith

Michael E. Wiley

Fidelity International Real Estate Fund

none

none

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

$10,001-$50,000

over $100,000 

IREB-14-01		December 16, 2014
1.811497.110

Supplement to the

Fidelity® Real Estate Investment Portfolio (FRESX)

A Fund of Fidelity Select Portfolios

STATEMENT OF ADDITIONAL INFORMATION

September 29, 2014

The following information replaces similar information found in the "Trustees and Officers" section on page 32.

The following table sets forth information describing the dollar range of equity securities beneficially owned by each Trustee in the fund and in all funds in the aggregate within the same fund family overseen by the Trustee for the calendar year ended December 31, 2013 (or as of March 31, 2014 for Mr. Hogan, Trustee as of March 18, 2014).

Independent Trustees

DOLLAR RANGE OF
FUND SHARES

Brian B. Hogan

Fidelity Real Estate Investment Portfolio

none

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

Independent Trustees

DOLLAR RANGE OF
FUND SHARES

David A. Rosow

Garnett A. Smith

Michael E. Wiley

Fidelity Real Estate Investment Portfolio

none

none

over $100,000

AGGREGATE DOLLAR RANGE OF
FUND SHARES IN ALL FUNDS
OVERSEEN WITHIN FUND FAMILY

over $100,000

$10,001-$50,000

over $100,000 

REAB-14-01		December 16, 2014
1.712071.114