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Previous: SMITH BARNEY MUNICIPAL MONEY MARKET FUND INC, NSAR-A, EX-27, 2000-12-15 |
Next: INTERNATIONAL THOROUGHBRED BREEDERS INC, 8-K, 2000-12-15 |
Supplement to the
Fidelity® Select Portfolios®
April 29, 2000 Prospectus
The following information replaces the "Average Annual Returns" table found in the "Performance" section on page 34.
The returns in the following table include the effect of each fund's 3.00% maximum applicable front-end sales charge.
|
For the periods ended |
Past 1 |
Past 5 |
Past 10 years/Life of fund |
|
<R>Air Transportation |
30.46% |
24.08% |
13.67%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Automotive |
-16.07% |
6.25% |
11.24%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Banking |
-12.77% |
23.15% |
19.95%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Financial Services Index |
-0.94% |
--F |
--F |
|
<R>Biotechnology |
72.44% |
32.35% |
24.03%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Health Care Index |
-4.04% |
--F |
--F |
|
<R>Brokerage and Investment Management |
26.73% |
30.27% |
22.23%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Financial Services Index |
-0.94% |
--F |
--F |
|
<R>Business Services and Outsourcing |
25.50% |
--F |
32.86%A</R> |
|
S&P 500 |
21.04% |
--F |
23.66%A |
|
Goldman Sachs Technology Index |
88.87% |
--F |
74.57%A |
|
<R>Chemicals |
15.61% |
10.82% |
12.09%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Computers |
75.67% |
47.16% |
35.08%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Technology Index |
88.87% |
--F |
--F |
|
<R>Construction and Housing |
-15.07% |
14.58% |
12.89%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Consumer Industries |
6.84% |
22.24% |
17.70%B</R> |
|
S&P 500 |
21.04% |
28.56% |
18.88%B |
|
Goldman Sachs Consumer Industries Index |
8.32% |
--F |
--F |
|
<R>Cyclical Industries |
9.66% |
--F |
11.68%C</R> |
|
S&P 500 |
21.04% |
--F |
26.09%C |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
9.67%C |
|
<R>Defense and Aerospace |
8.47% |
20.84% |
15.13%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
SEL-00-10 <R>December 15</R>, 2000
1.482105.121
|
For the periods ended |
Past 1 |
Past 5 |
Past 10 years/Life of fund |
|
<R>Developing Communications |
115.82% |
38.84% |
31.38%B</R> |
|
S&P 500 |
21.04% |
28.56% |
18.88%B |
|
Goldman Sachs Technology Index |
88.87% |
--F |
--F |
|
<R>Electronics |
100.48% |
52.51% |
37.00%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Technology Index |
88.87% |
--F |
--F |
|
<R>Energy |
30.21% |
14.51% |
8.19%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Natural Resources Index |
27.23% |
--F |
--F |
|
<R>Energy Service |
66.98% |
21.78% |
10.13%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Natural Resources Index |
27.23% |
--F |
--F |
|
<R>Environmental Services |
-28.08% |
0.52% |
-0.46%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Financial Services |
-1.49% |
25.45% |
19.92%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Financial Services Index |
-0.94% |
--F |
--F |
|
<R>Food and Agriculture |
-22.85% |
12.49% |
12.45%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Consumer Industries Index |
8.32% |
--F |
--F |
|
<R>Gold |
5.11% |
-4.94% |
-1.24%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Natural Resources Index |
27.23% |
--F |
--F |
|
<R>Health Care |
-5.79% |
24.07% |
21.30%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Health Care Index |
-4.04% |
--F |
--F |
|
<R>Home Finance |
-15.00% |
17.27% |
20.39%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Financial Services Index |
-0.94% |
--F |
--F |
|
<R>Industrial Equipment |
13.87% |
19.76% |
15.82%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Industrial Materials |
12.99% |
6.12% |
8.37%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Insurance |
-8.77% |
21.13% |
15.56%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Financial Services Index |
-0.94% |
--F |
--F |
|
<R>Leisure |
28.84% |
29.31% |
18.89%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Consumer Industries Index |
8.32% |
--F |
--F |
|
<R>Medical Delivery |
-31.71% |
2.47% |
9.87%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Health Care Index |
-4.04% |
--F |
--F |
|
<R>Medical Equipment and Systems |
7.40% |
--F |
17.77%D</R> |
|
S&P 500 |
21.04% |
--F |
21.46%D |
|
Goldman Sachs Health Care Index |
-4.04% |
--F |
9.45%D |
|
<R>Multimedia |
39.81% |
27.40% |
19.53%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Consumer Industries Index |
8.32% |
--F |
--F |
|
<R>Natural Gas |
22.41% |
11.54% |
6.53%E</R> |
|
S&P 500 |
21.04% |
28.56% |
22.13%E |
|
Goldman Sachs Utilities Index |
20.25% |
--F |
--F |
|
<R>Natural Resources |
34.64% |
--F |
6.53%C</R> |
|
S&P 500 |
21.04% |
--F |
26.09%C |
|
Goldman Sachs Natural Resources Index |
27.23% |
--F |
9.41%C |
|
<R>Paper and Forest Products |
26.60% |
10.73% |
11.19%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Retailing |
2.04% |
23.33% |
19.56%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Consumer Industries Index |
8.32% |
--F |
--F |
|
<R>Software and Computer Services |
87.33% |
41.10% |
30.98%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Technology Index |
88.87% |
--F |
--F |
|
<R>Technology |
124.80% |
48.39% |
34.69%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Technology Index |
88.87% |
--F |
--F |
|
<R>Telecommunications |
61.60% |
31.41% |
20.93%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Utilities Index |
20.25% |
--F |
--F |
|
<R>Transportation |
23.86% |
14.57% |
14.78%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Cyclical Industries Index |
5.54% |
--F |
--F |
|
<R>Utilities Growth |
22.15% |
27.81% |
16.94%</R> |
|
S&P 500 |
21.04% |
28.56% |
18.21% |
|
Goldman Sachs Utilities Index |
20.25% |
--F |
--F |
|
<R>Money Market |
1.76% |
4.57% |
4.63%</R> |
A From February 4, 1998.
B From June 29, 1990.
C From March 3, 1997.
D From April 28, 1998.
E From April 21, 1993.
F Not available.
The following information replaces the "Shareholder fees" table and footnotes A and B found in the "Fee Table" section on page 37.
Shareholder fees (paid by the investor directly)
|
Maximum sales charge (load) on purchases (as a % of offering price)A |
3.00% |
|
Sales charge (load) on reinvested distributions |
None |
|
Deferred sales charge (load) on redemptions |
None |
|
Redemption fee for the stock funds |
|
|
on shares held less than 30 days |
|
|
(as a % of amount redeemed) |
0.75% |
|
Exchange fee |
|
|
for the stock funds onlyB |
$7.50 |
|
Annual account maintenance fee (for accounts under $2,500) |
$12.00 |
A Lower sales charges may be available for accounts over $250,000.
B You will not pay an exchange fee if you exchange through any of Fidelity's automated exchange services.
The following information replaces similar information found under the heading "Fee Table" in the "Fund Summary" section on page 42.
This example helps you compare the cost of investing in the funds with the cost of investing in other mutual funds.
Let's say, hypothetically, that each fund's annual return is 5% and that your shareholder fees and each fund's annual operating expenses are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you close your account at the end of each time period indicated:
|
Air Transportation |
1 year |
$ 438 |
|
|
3 years |
$ 730 |
|
|
5 years |
$ 1,043 |
|
|
10 years |
$ 1,929 |
|
Automotive |
1 year |
$ 491 |
|
|
3 years |
$ 891 |
|
|
5 years |
$ 1,316 |
|
|
10 years |
$ 2,496 |
|
Banking |
1 year |
$ 422 |
|
|
3 years |
$ 679 |
|
|
5 years |
$ 955 |
|
|
10 years |
$ 1,744 |
|
Biotechnology |
1 year |
$ 415 |
|
|
3 years |
$ 657 |
|
|
5 years |
$ 919 |
|
|
10 years |
$ 1,667 |
|
Brokerage and Investment Management |
1 year |
$ 427 |
|
|
3 years |
$ 697 |
|
|
5 years |
$ 986 |
|
|
10 years |
$ 1,810 |
|
Business Services and Outsourcing |
1 year |
$ 448 |
|
|
3 years |
$ 760 |
|
|
5 years |
$ 1,094 |
|
|
10 years |
$ 2,037 |
|
Chemicals |
1 year |
$ 462 |
|
|
3 years |
$ 802 |
|
|
5 years |
$ 1,165 |
|
|
10 years |
$ 2,185 |
|
Computers |
1 year |
$ 406 |
|
|
3 years |
$ 630 |
|
|
5 years |
$ 872 |
|
|
10 years |
$ 1,566 |
|
Construction and Housing |
1 year |
$ 538 |
|
|
3 years |
$ 1,032 |
|
|
5 years |
$ 1,552 |
|
|
10 years |
$ 2,974 |
|
Consumer Industries |
1 year |
$ 425 |
|
|
3 years |
$ 691 |
|
|
5 years |
$ 976 |
|
|
10 years |
$ 1,788 |
|
Cyclical Industries |
1 year |
$ 587 |
|
|
3 years |
$ 1,179 |
|
|
5 years |
$ 1,796 |
|
|
10 years |
$ 3,454 |
|
Defense and Aerospace |
1 year |
$ 459 |
|
|
3 years |
$ 793 |
|
|
5 years |
$ 1,150 |
|
|
10 years |
$ 2,154 |
|
Developing Communications |
1 year |
$ 410 |
|
|
3 years |
$ 642 |
|
|
5 years |
$ 893 |
|
|
10 years |
$ 1,611 |
|
Electronics |
1 year |
$ 398 |
|
|
3 years |
$ 606 |
|
|
5 years |
$ 831 |
|
|
10 years |
$ 1,477 |
|
Energy |
1 year |
$ 427 |
|
|
3 years |
$ 697 |
|
|
5 years |
$ 986 |
|
|
10 years |
$ 1,810 |
|
Energy Service |
1 year |
$ 422 |
|
|
3 years |
$ 679 |
|
|
5 years |
$ 955 |
|
|
10 years |
$ 1,744 |
|
Environmental Services |
1 year |
$ 543 |
|
|
3 years |
$ 1,046 |
|
|
5 years |
$ 1,576 |
|
|
10 years |
$ 3,022 |
|
Financial Services |
1 year |
$ 418 |
|
|
3 years |
$ 667 |
|
|
5 years |
$ 935 |
|
|
10 years |
$ 1,700 |
|
Food and Agriculture |
1 year |
$ 429 |
|
|
3 years |
$ 703 |
|
|
5 years |
$ 997 |
|
|
10 years |
$ 1,832 |
|
Gold |
1 year |
$ 447 |
|
|
3 years |
$ 757 |
|
|
5 years |
$ 1,089 |
|
|
10 years |
$ 2,026 |
|
Health Care |
1 year |
$ 406 |
|
|
3 years |
$ 630 |
|
|
5 years |
$ 872 |
|
|
10 years |
$ 1,566 |
|
Home Finance |
1 year |
$ 437 |
|
|
3 years |
$ 727 |
|
|
5 years |
$ 1,038 |
|
|
10 years |
$ 1,919 |
|
Industrial Equipment |
1 year |
$ 441 |
|
|
3 years |
$ 739 |
|
|
5 years |
$ 1,058 |
|
|
10 years |
$ 1,962 |
|
Industrial Materials |
1 year |
$ 489 |
|
|
3 years |
$ 885 |
|
|
5 years |
$ 1,306 |
|
|
10 years |
$ 2,476 |
|
Insurance |
1 year |
$ 437 |
|
|
3 years |
$ 727 |
|
|
5 years |
$ 1,038 |
|
|
10 years |
$ 1,919 |
|
Leisure |
1 year |
$ 414 |
|
|
3 years |
$ 654 |
|
|
5 years |
$ 914 |
|
|
10 years |
$ 1,656 |
|
Medical Delivery |
1 year |
$ 471 |
|
|
3 years |
$ 829 |
|
|
5 years |
$ 1,210 |
|
|
10 years |
$ 2,280 |
|
Medical Equipment and Systems |
1 year |
$ 464 |
|
|
3 years |
$ 808 |
|
|
5 years |
$ 1,175 |
|
|
10 years |
$ 2,206 |
|
Multimedia |
1 year |
$ 416 |
|
|
3 years |
$ 660 |
|
|
5 years |
$ 924 |
|
|
10 years |
$ 1,678 |
|
Natural Gas |
1 year |
$ 440 |
|
|
3 years |
$ 736 |
|
|
5 years |
$ 1,053 |
|
|
10 years |
$ 1,951 |
|
Natural Resources |
1 year |
$ 486 |
|
|
3 years |
$ 876 |
|
|
5 years |
$ 1,291 |
|
|
10 years |
$ 2,445 |
|
Paper and Forest Products |
1 year |
$ 486 |
|
|
3 years |
$ 876 |
|
|
5 years |
$ 1,291 |
|
|
10 years |
$ 2,445 |
|
Retailing |
1 year |
$ 424 |
|
|
3 years |
$ 685 |
|
|
5 years |
$ 966 |
|
|
10 years |
$ 1,766 |
|
Software and Computer Services |
1 year |
$ 410 |
|
|
3 years |
$ 642 |
|
|
5 years |
$ 893 |
|
|
10 years |
$ 1,611 |
|
Technology |
1 year |
$ 404 |
|
|
3 years |
$ 624 |
|
|
5 years |
$ 862 |
|
|
10 years |
$ 1,544 |
|
Telecommunications |
1 year |
$ 411 |
|
|
3 years |
$ 645 |
|
|
5 years |
$ 898 |
|
|
10 years |
$ 1,622 |
|
Transportation |
1 year |
$ 474 |
|
|
3 years |
$ 840 |
|
|
5 years |
$ 1,231 |
|
|
10 years |
$ 2,321 |
|
Utilities Growth |
1 year |
$ 406 |
|
|
3 years |
$ 630 |
|
|
5 years |
$ 872 |
|
|
10 years |
$ 1,566 |
|
Money Market |
1 year |
$ 348 |
|
|
3 years |
$ 449 |
|
|
5 years |
$ 561 |
|
|
10 years |
$ 886 |
The following information replaces similar information found under the heading "Selling Shares" in the "Shareholder Information" section on page 66.
The price to sell one share of the money market fund is the fund's NAV. The price to sell one share of each stock fund is the fund's NAV, minus the redemption fee (short-term trading fee), if applicable.
Each stock fund will deduct a short-term trading fee of 0.75% from the redemption amount if you sell your shares after holding them less than 30 days. This fee is paid to the fund rather than Fidelity, and is designed to offset the brokerage commissions, market impact, and other costs associated with fluctuations in fund asset levels and cash flow caused by short-term shareholder trading.
<R>Effective December 31, 2000, the following information replaces similar information found under the heading "Fund Management" in the "Fund Services" section beginning on page 72.</R>
<R>Pratima Abichandani is manager of Cyclical Industries, which she has managed since December 2000. Since joining Fidelity in 1996, Ms. Abichandani has worked as a research analyst.</R>
<R>Jeev Makan is manager of Medical Delivery, which he has managed since December 2000. Since joining Fidelity in 1997, Mr. Makan has worked as a research analyst and portfolio manager.</R>
<R>Mark Schmehl is manager of Industrial Materials, which he has managed since December 2000. Since joining Fidelity in 1999, Mr. Schmehl has worked as a research analyst and portfolio manager.</R>
<R>Joshua Spencer is manager of Construction and Housing, which he has managed since December 2000. Since joining Fidelity in August 2000, Mr. Spencer has worked as a research analyst and portfolio manager.</R>
The following information replaces similar information found under the heading "Fund Management" in the "Fund Services" section beginning on page 72.
Tim Cohen is manager of Telecommunications, which he has managed since September 2000. He also manages other Fidelity funds. Since joining Fidelity in 1996, Mr. Cohen has worked as a research analyst and portfolio manager.
Forrest Fontana is manager of Insurance, which he has managed since September 2000. Since joining Fidelity in June 2000, Mr. Cohen has worked as a research analyst and portfolio manager.
Ian Gutterman is manager of Environmental Services and Transportation, which he has managed since November 1999 and September 2000, respectively. Since joining Fidelity in 1999, Mr. Gutterman has worked as a research analyst and portfolio manager.
Yolanda McGettigan is manager of Health Care, which she has managed since June 2000. She also manages another Fidelity fund. Since joining Fidelity in 1997, Ms. McGettigan has worked as an analyst and portfolio manager.
Jennifer Nettesheim is manager of Brokerage and Investment Management, which she has managed since September 2000. Since joining Fidelity in 1997, Ms. Nettesheim has worked as a research analyst and portfolio manager.
Christine Schaulat is manager of Medical Equipment and Systems, which she has managed since September 2000. Since joining Fidelity in 1997, Ms. Schaulat has worked as a research analyst and portfolio manager.
Brian Younger is manager of Biotechnology, which he has managed since September 2000. Since joining Fidelity in June 1995, Mr. Younger has worked as a research analyst and portfolio manager.
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