Fidelity Advisor Focused Emerging Markets Fund

This fund typically dedicates at least 80% of its portfolio to financial instruments from entities located in developing economies. These emerging markets are defined to include nations with an emerging stock market designation by MSCI, countries categorized by the World Bank as having low- to middle-income economies, and other regions displaying comparable growth characteristics. Additionally, the fund may hold investments economically tied to these same developing areas. Its principal focus is on common stocks, with the advisor diversifying these holdings across a range of emerging market countries.