Supplement to the
Fidelity® Select Portfolios®
April 29, 2026
STATEMENT OF ADDITIONAL INFORMATION
 
 
The following information supplements information found in the "Management Contracts" section.
The following table provides information relating to other accounts managed by WILL HILKERT as of August 31, 2026:
 
  
Registered Investment
Companies*
  
Other Pooled
Investment
Vehicles
  
Other
Accounts
Number of Accounts Managed
  
4
  
1
  
1
Number of Accounts Managed with Performance-Based Advisory Fees
  
1
  
none
  
none
Assets Managed (in millions)
  
$38,071
  
$731
  
$1
Assets Managed with Performance-Based Advisory Fees (in millions)
  
$36,520
  
none
  
none
* Includes assets of Brokerage and Investment Management Portfolio managed by the portfolio manager ($992 (in millions) assets managed).
As of August 31, 2026, the dollar range of shares of Brokerage and Investment Management Portfolio beneficially owned by the portfolio manager was none.
The following table provides information relating to other accounts managed by AIDAN BRANDT as of August 31, 2026:
 
  
Registered Investment 
Companies*
  
Other Pooled
Investment
Vehicles
  
Other
Accounts
Number of Accounts Managed
  
4
  
2
  
1
Number of Accounts Managed with Performance-Based Advisory Fees
  
1
  
none
  
none
Assets Managed (in millions)
  
$56,474
  
$45
  
$23
Assets Managed with Performance-Based Advisory Fees (in millions)
  
$378
  
none
  
none
* Includes assets of Semiconductors Portfolio managed by the portfolio manager ($44,853 (in millions) assets managed).
As of August 31, 2026, the dollar range of shares of Semiconductors Portfolio beneficially owned by the portfolio manager was none.
The following table provides information relating to other accounts managed by PRESTON HEDRICK as of August 31, 2026:
 
  
Registered Investment 
Companies*
  
Other Pooled
Investment
Vehicles
  
Other
Accounts
Number of Accounts Managed
  
1
  
none
  
none
Number of Accounts Managed with Performance-Based Advisory Fees
  
none
  
none
  
none
Assets Managed (in millions)
  
$3,913
  
none
  
none
Assets Managed with Performance-Based Advisory Fees (in millions)
  
none
  
none
  
none
* Includes assets of Tech Hardware Portfolio managed by the portfolio manager ($3,913 (in millions) assets managed).
As of August 31, 2026, the dollar range of shares of Tech Hardware Portfolio beneficially owned by the portfolio manager was none.
 
SEL-SSTK-1026-235-1.475630.235
October 9, 2026