Fidelity Advisor Sector Mutual Funds and ETFs

FIDELITY INSTITUTIONAL?

Fidelity Advisor Sector Mutual Funds and ETFs

Increase precision in portfolio construction

Sector selection has been one of the largest drivers of equity performance, yet portfolio construction techniques often ignore sectors. Because of their narrow focus, sectors can offer targeted exposure to specific areas of the economy.

The business cycle has historically been a major driver of sector performance. By recognizing which sectors are likely to outperform during a particular phase, an investor could use sectors to potentially enhance returns and manage risk.

Opportunistic: Potentially enhance returns An investor could potentially boost returns by investing in a sector that has historically outperformed during a given phase of the business cycle.

Defensive: Lower volatility and manage risk Conversely, an investor trying to manage risk within a portfolio might invest in sectors that have been economically insensitive and have had low volatility.

Preemptive: Seeks to protect from inflation An investor could potentially help protect purchasing power by investing in commodity-type or real estate-related sectors that have historically done well when inflationary pressures were building. Your advisor can help you understand how to use sector and industry funds to add targeted exposure to your portfolios. It's important to keep in mind that mutual funds and ETFs are subject to market fluctuation and the risks of their underlying investments.

A pioneer in sector investing Fidelity helped to pioneer sector investing in 1981 when it launched its first actively managed sector fund.

Today, Fidelity's lineup of sector products includes a suite of exchangetraded funds (ETFs) that covers all 11 sectors of the U.S. equity market.

Fidelity offers one of the most comprehensive sector mutual fund and ETF lineups in the industry. Fidelity also offers industry funds that can help to refine your portfolio even further.

ACTIVELY MANAGED MUTUAL FUNDS Sector

FA Communication Services Fund FA Consumer Discretionary Fund FA Consumer Staples Fund FA Energy Fund FA Financials Fund* FA Health Care Fund FA Industrials Fund FA Materials Fund FA Real Estate Fund FA Technology Fund FA Utilities Fund Industry FA Biotechnology Fund FA Global Commodity Stock Fund FA Global Real Estate Fund FA Gold Fund FA International Real Estate Fund FA Real Estate Income Fund FA Semiconductors Fund FA Telecommunications Fund

Class A

FGDMX FCNAX FDAGX FANAX FAFDX FACDX FCLAX FMFAX FHEAX FADTX FUGAX

FBTAX FFGAX FWRAX FGDAX FIRAX FRINX FELAX FTUAX

Class I

FGJMX FCNIX FDIGX FANIX FFSIX FHCIX FCLIX FMFEX FHEIX FATIX FUGIX

FBTIX FFGIX FWRIX FGDIX FIRIX FRIRX FELIX FTUIX

PASSIVELY MANAGED ETFs Sector

Fidelity MSCI? Communication Services Index ETF Fidelity MSCI? Consumer Discretionary Index ETF Fidelity MSCI? Consumer Staples Index ETF Fidelity MSCI? Energy Index ETF Fidelity MSCI? Financials Index ETF Fidelity MSCI? Health Care Index ETF Fidelity MSCI? Industrials Index ETF Fidelity MSCI? Information Technology Index ETF Fidelity MSCI? Materials Index ETF Fidelity MSCI? Real Estate Index ETF Fidelity MSCI? Utilities Index ETF

Symbol

FCOM FDIS FSTA FENY FNCL FHLC FIDU FTEC FMAT FREL FUTY

i.

*Prior to 4/28/23, Fidelity Advisor Financials Fund was named Fidelity Advisor Financial Services Fund.

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. Sector funds may have additional volatility because they can invest a significant portion of assets in securities of a small number of individual issuers. Each sector fund is also subject to the additional risks associated with its particular industry. For details about a particular sector fund's risks, please see its prospectus. Commodity-linked investments may be more volatile and less liquid than the underlying instruments or measures, and their value may be affected by the performance of the overall commodities baskets as well as weather, disease, and regulatory developments.

ETFs are subject to management fees and other expenses. ETFs are subject to market fluctuation and the risks of their underlying investments.

The return of an index ETF is usually different from that of the index it tracks because of fees, expenses, and tracking errors. An ETF may trade at a premium or discount to its Net Asset Value (NAV). There can be no assurance that an active trade market will be maintained, and trading may be halted due to market conditions.

Not NCUA or NCUSIF insured. May lose value. No credit union guarantee.

Class A and Class I shares of FA Communication Services, FA Consumer Staples, FA Materials, FA Telecommunications, FA Global Commodity Stock, FA Gold, FA International Real Estate are share classes of their respective retail funds.

Third-party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliated company.

Before investing in any mutual fund or exchange-traded product, consider the funds' investment objectives, risks, charges, and expenses. Contact your investment professional or visit i. for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

551401.23.0

FIDELITY DISTRIBUTORS COMPANY LLC, 500 SALEM STREET, SMITHFIELD, RI 02917

1.914376.129

0423

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download