Fidelity Advisor Semiconductors Fund Class C FELCX NASDAQ

Fidelity Advisor Semiconductors Fund Class C seeks capital appreciation by investing primarily in common stocks of companies engaged in semiconductor design, manufacturing, and equipment sales. The fund normally allocates at least 80% of its assets to semiconductor industry securities, including both domestic and foreign issuers. Using fundamental analysis, the portfolio manager evaluates each company's financial condition, industry position, and prevailing market and economic conditions to make investment decisions. As a non-diversified fund, it may concentrate its holdings more heavily in specific securities or issuers compared to diversified funds.