Fidelity Advisor Small Cap Growth Fund Class A

The primary objective of this investment vehicle is to achieve capital appreciation. Its portfolio predominantly consists of equity securities, with a mandate to allocate at least 80% of its total assets to companies characterized by small market capitalizations. Fidelity Management & Research Company (FMR) identifies and invests in enterprises believed to exhibit above-average growth potential, often termed "growth stocks." The fund's holdings encompass both domestic and international issuers. Investment selections are made through a rigorous fundamental analysis, which assesses factors such as an issuer's financial health, its competitive position within its industry, and prevailing market and economic conditions.