Fidelity Advisor OTC Portfolio I

Fidelity Advisor OTC Portfolio I is a large-cap growth equity mutual fund that seeks long-term capital appreciation by investing primarily in companies listed on the Nasdaq Stock Exchange or over-the-counter markets. The fund typically allocates at least 80% of its assets to these securities, focusing on businesses with strong product-market fit, sustainable competitive advantages, and pricing power. The portfolio manager emphasizes companies led by effective management teams and those positioned for above-average, durable earnings growth, often targeting firms that the broader market may have undervalued due to their long-term growth potential. Fidelity Advisor OTC Portfolio I plays a notable role in the growth-oriented segment of the mutual fund universe, offering investors exposure to innovative and high-potential firms, especially within the technology sector and other industries driving long-term market trends. The fund is designed for those seeking participation in the dynamic performance of leading Nasdaq-listed growth companies.