Fidelity Advisor Semiconductors Fund Class A FELAX NASDAQ

Fidelity Advisor Semiconductors Fund Class A seeks capital appreciation by investing primarily in common stocks of semiconductor and semiconductor equipment companies. The fund normally allocates at least 80% of its assets to securities of companies principally engaged in the design, manufacture, or sale of semiconductors and related equipment, with exposure to both domestic and foreign issuers. The fund employs fundamental analysis to evaluate each issuer's financial condition, industry position, and prevailing market and economic conditions when making investment decisions. As a non-diversified fund, it may concentrate its holdings in fewer securities within the semiconductor sector.