The Fidelity Select Biotechnology Portfolio invests in companies engaged in the research, manufacturing and distribution of biotech and related products. Total returns include changes in share price and reinvestment of dividends and capital gains, if any. l Fundamental, bottom-up research leveraging Fidelity's experienced global health care team is the primary source of idea generation. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Before investing, consider the fund's investment objectives, risks, charges and expenses. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. The top 10% of the funds in an investment category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Fidelity Select Consumer Discretionary Portfolio, Fidelity Select Consumer Staples Portfolio, Fidelity Select Air Transportation Portfolio, Fidelity Select Defense and Aerospace Portfolio, Fidelity Select Construction and Housing Portfolio, Fidelity Select Environment and Alternative Energy Portfolio, Fidelity Select Natural Resources Portfolio, Fidelity Select Communication Services Portfolio, Fidelity Select Telecommunications Portfolio, Fidelity Select Communications Equipment Portfolio, Fidelity Select Financial Services Portfolio, Fidelity Select Consumer Finance Portfolio, Fidelity Select Brokerage and Investment Management Portfolio, Fidelity Select Pharmaceuticals Portfolio, Fidelity Select Medical Technology and Devices Portfolio, Fidelity Select Health Care Services Portfolio, Fidelity Select Software and IT Services Portfolio, Fidelity Select Consumer Discretionary Portfolio (FSCPX), Fidelity Select Leisure Portfolio (FDLSX), Fidelity Select Retailing Portfolio (FSRPX), Fidelity Select Consumer Staples Portfolio (FDFAX), Fidelity Select Natural Gas Portfolio (FSNGX), Fidelity Select Energy Service Portfolio (FSESX), Fidelity Select Industrials Portfolio (FCYIX), Fidelity Select Transportation Portfolio (FSRFX), Fidelity Select Air Transportation Portfolio (FSAIX), Fidelity Select Defense and Aerospace Portfolio (FSDAX), Fidelity Select Construction and Housing Portfolio (FSHOX), Fidelity Select Automotive Portfolio (FSAVX), Fidelity Select Environment and Alternative Energy Portfolio (FSLEX), Fidelity Select Chemicals Portfolio (FSCHX), Fidelity Select IT Services Portfolio (FBSOX), Fidelity Select Natural Resources Portfolio (FNARX), Fidelity Select Wireless Portfolio (FWRLX), Fidelity Select Communication Services Portfolio (FBMPX), Fidelity Select Telecommunications Portfolio (FSTCX), Fidelity Select Communications Equipment Portfolio (FSDCX), Fidelity Select Insurance Portfolio (FSPCX), Fidelity Select Financial Services Portfolio (FIDSX), Fidelity Select Banking Portfolio (FSRBX), Fidelity Select Consumer Finance Portfolio (FSVLX), Fidelity Select Brokerage and Investment Management Portfolio (FSLBX), Fidelity Select Health Care Portfolio (FSPHX), Fidelity Select Pharmaceuticals Portfolio (FPHAX), Fidelity Select Medical Technology and Devices Portfolio (FSMEX), Fidelity Select Health Care Services Portfolio (FSHCX), Fidelity Select Biotechnology Portfolio (FBIOX), Fidelity Select Materials Portfolio (FSDPX), Fidelity Select Technology Portfolio (FSPTX), Fidelity Select Software and IT Services Portfolio (FSCSX), Fidelity Select Semiconductors Portfolio (FSELX), Fidelity Select Computers Portfolio (FDCPX), Fidelity Telecom and Utilities Fund (FIUIX), Fidelity Select Utilities Portfolio (FSUTX). Sector - Fidelity Select Portfolios.

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