Supplement to the

Fidelity® Environment and Alternative Energy Fund and Fidelity® Natural Resources Fund

April 29, 2026

STATEMENT OF ADDITIONAL INFORMATION

Effective on or about October 1, 2026, Fidelity® Environment and Alternative Energy Fund will be renamed Fidelity® Climate Fund. All references to the former name are replaced with the new name as appropriate.

EAE-NRF-SSTK-0726-102-1.9904364.102

July 17, 2026