Fidelity Advisor Small Cap Growth Fund Class Z

This fund is designed to achieve long-term capital growth for investors. Its portfolio is primarily composed of common equity shares. A significant portion, at least 80%, of its assets are dedicated to companies characterized by small market capitalizations. The investment strategy focuses on selecting businesses that Fidelity Management & Research Company (FMR) believes exhibit strong potential for expansion, often termed "growth stocks." The fund diversifies its holdings across both domestic (U.S.) and international issuers. Investment decisions are made through a meticulous fundamental analysis, evaluating factors such as each company's financial health, its standing within its industry, and broader market and economic conditions.