Supplement to the
Fidelity® Select Portfolios®
Wireless Portfolio
April 29, 2025
Summary Prospectus

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

Nicole Abernethy (Co-Portfolio Manager) has managed the fund since 2024.

Effective February 28, 2026, Ms. Abernethy will no longer serve as Co-Portfolio Manager of the fund and Mr. Boyajian will assume sole portfolio manager responsibilities.

Alex Boyajian (Co-Portfolio Manager) has managed the fund since 2025.

WIR-SUSTK-0825-105

1.9881355.105

August 21, 2025