Fidelity Advisor Telecommunications A

This fund primarily allocates its capital to common equity shares. It generally commits at least 80% of its total assets to companies fundamentally involved in designing, manufacturing, or providing telecommunications services. The portfolio may include investments in both domestic and international entities. To select its holdings, the fund conducts a thorough fundamental analysis, considering factors such as an issuer's financial strength, its standing within its industry, and broader market and economic conditions. This offering is considered a non-diversified fund.