Fidelity Advisor OTC Portfolio - Class C (FOTGX)

Overview

The fund is designed to cater to investors seeking exposure primarily to common stocks, with a focus on securities that are traded on the NASDAQ® or over-the-counter (OTC) markets. These markets are known for hosting a larger proportion of small and medium-sized companies, offering potential growth opportunities not always available in larger, more established markets. The fund's strategy includes investing at least 80% of its assets in these types of securities, reflecting a commitment to this segment of the market. Additionally, by allocating more than 25% of its total assets to the technology sector, the fund positions itself to benefit from the growth and innovation within this dynamic industry. The investment approach acknowledges the potential of both "growth" and "value" stocks, allowing for a balanced and flexible investment philosophy. Despite its targeted focus, the fund also incorporates investments in both domestic and foreign issuers, adding an element of geographical diversification. However, it is classified as "non-diversified" due to its ability to invest a larger portion of its assets in a smaller number of issuers. This strategy may offer higher return potential but also comes with increased risk.

Products and Services

The fund's products and services are designed to offer investors a targeted investment strategy encompassing several key areas:

• Common Stocks Investments:

  Primarily investing in common stocks, the fund aims to capitalize on the growth potential of companies traded on the NASDAQ® and OTC markets, focusing on sectors where these smaller and medium-sized companies are poised for growth.

• Technology Sector Focus:

  With a strategic emphasis on investing more than 25% of its total assets in the technology sector, the fund seeks to leverage the rapid innovation and expansion within this market, targeting companies poised for significant advancement.

• Domestic and Foreign Issuers:

  The inclusion of investments in both domestic and foreign issuers broadens the fund’s reach and potential for diversification, aiming to capture growth across different geographical markets.

• Growth and Value Stocks:

  By not limiting its investment approach to either "growth" stocks or "value" stocks, the fund allows for a flexible strategy designed to capture potential in various market conditions, balancing risk and reward across its portfolio.