UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-03010
Fidelity Advisor Series VII
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | July 31 |
Date of reporting period: | January 31, 2023 |
Item 1.
Reports to Stockholders
![](https://capedge.com/proxy/N-CSRS/0000315700-23-000004/img88931_1.jpg)
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Contents
Top Holdings (% of Fund's net assets) | ||
AbbVie, Inc. | 18.0 | |
Regeneron Pharmaceuticals, Inc. | 9.3 | |
Vertex Pharmaceuticals, Inc. | 6.5 | |
Alnylam Pharmaceuticals, Inc. | 4.5 | |
Argenx SE ADR | 4.3 | |
Ascendis Pharma A/S sponsored ADR | 3.5 | |
Blueprint Medicines Corp. | 3.2 | |
Cytokinetics, Inc. | 3.0 | |
Xenon Pharmaceuticals, Inc. | 2.3 | |
Gilead Sciences, Inc. | 2.3 | |
56.9 | ||
Industries (% of Fund's net assets) | ||
Biotechnology | 91.2 | |
Pharmaceuticals | 8.3 | |
Health Care Providers & Services | 0.2 | |
Health Care Technology | 0.1 | |
Geographic Diversification (% of Fund's net assets) |
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* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.6% | |||
Shares | Value ($) | ||
Biotechnology - 89.5% | |||
Biotechnology - 89.5% | |||
AbbVie, Inc. | 2,159,880 | 319,122,266 | |
Aerovate Therapeutics, Inc. (a)(b) | 322,400 | 7,366,840 | |
Alkermes PLC (a) | 484,200 | 13,867,488 | |
Alnylam Pharmaceuticals, Inc. (a) | 350,686 | 79,395,310 | |
ALX Oncology Holdings, Inc. (a)(b) | 1,191,906 | 11,084,726 | |
Amgen, Inc. | 56,700 | 14,311,080 | |
Arcellx, Inc. | 177,700 | 5,936,957 | |
Arcutis Biotherapeutics, Inc. (a)(b) | 906,594 | 15,022,263 | |
Argenx SE ADR (a) | 199,400 | 76,220,650 | |
Ascendis Pharma A/S sponsored ADR (a)(b) | 506,125 | 62,799,990 | |
Astria Therapeutics, Inc. (a)(c) | 1,411,190 | 19,403,863 | |
BioCryst Pharmaceuticals, Inc. (a) | 884,000 | 9,326,200 | |
Biogen, Inc. (a) | 30,400 | 8,843,360 | |
Biohaven Ltd. (a) | 282,300 | 5,389,107 | |
Blueprint Medicines Corp. (a) | 1,232,730 | 57,617,800 | |
Celldex Therapeutics, Inc. (a) | 901,207 | 39,707,180 | |
Cerevel Therapeutics Holdings (a)(b) | 613,338 | 20,945,493 | |
Cyteir Therapeutics, Inc. (a)(b) | 1,419,670 | 2,172,095 | |
Cytokinetics, Inc. (a)(b) | 1,273,471 | 54,097,048 | |
Day One Biopharmaceuticals, Inc. (a) | 863,569 | 18,799,897 | |
Exact Sciences Corp. (a) | 270,800 | 18,284,416 | |
Exelixis, Inc. (a) | 1,824,200 | 32,142,404 | |
Fusion Pharmaceuticals, Inc. (a) | 1,546,014 | 4,684,422 | |
Gilead Sciences, Inc. | 484,900 | 40,702,506 | |
Icosavax, Inc. (a)(b) | 1,907,714 | 20,126,383 | |
Instil Bio, Inc. (a)(b) | 1,028,660 | 837,226 | |
Janux Therapeutics, Inc. (a)(b) | 456,700 | 10,143,307 | |
Karuna Therapeutics, Inc. (a) | 198,167 | 39,512,518 | |
Keros Therapeutics, Inc. (a) | 599,500 | 35,112,715 | |
Madrigal Pharmaceuticals, Inc. (a) | 18,100 | 5,217,325 | |
Monte Rosa Therapeutics, Inc. (a)(b) | 698,958 | 5,172,289 | |
Moonlake Immunotherapeutics (a)(b) | 185,500 | 2,216,725 | |
Morphic Holding, Inc. (a) | 211,700 | 6,928,941 | |
Nuvalent, Inc. Class A (a)(b) | 735,406 | 22,246,032 | |
ORIC Pharmaceuticals, Inc. (a)(b) | 1,206,016 | 6,826,051 | |
PepGen, Inc. | 697,100 | 10,888,702 | |
Poseida Therapeutics, Inc. (a) | 482,846 | 3,360,608 | |
Prelude Therapeutics, Inc. (a)(b) | 1,500,952 | 9,576,074 | |
Prothena Corp. PLC (a) | 171,900 | 9,720,945 | |
PTC Therapeutics, Inc. (a) | 486,440 | 22,322,732 | |
Regeneron Pharmaceuticals, Inc. (a) | 216,992 | 164,581,922 | |
Relay Therapeutics, Inc. (a)(b) | 360,400 | 7,734,184 | |
Sage Therapeutics, Inc. (a) | 215,400 | 9,550,836 | |
Sarepta Therapeutics, Inc. (a) | 71,500 | 8,935,355 | |
Scholar Rock Holding Corp. (a) | 487,376 | 5,897,250 | |
Scholar Rock Holding Corp. warrants 12/31/25 (a)(d) | 6,000 | 39,162 | |
Shattuck Labs, Inc. (a)(b) | 706,434 | 2,945,830 | |
Stoke Therapeutics, Inc. (a)(b) | 446,619 | 4,448,325 | |
Tango Therapeutics, Inc. (a) | 1,530,891 | 10,103,881 | |
Tyra Biosciences, Inc. (a)(b) | 730,700 | 7,760,034 | |
Vaxcyte, Inc. (a) | 558,329 | 25,320,220 | |
Vera Therapeutics, Inc. (a)(b) | 980,468 | 8,314,369 | |
Vertex Pharmaceuticals, Inc. (a) | 356,227 | 115,096,944 | |
Verve Therapeutics, Inc. (a)(b) | 630,594 | 14,346,014 | |
Viking Therapeutics, Inc. (a)(b) | 547,600 | 4,796,976 | |
Xenon Pharmaceuticals, Inc. (a) | 1,061,058 | 41,476,757 | |
Zentalis Pharmaceuticals, Inc. (a) | 490,692 | 11,580,331 | |
1,590,380,324 | |||
Pharmaceuticals - 8.1% | |||
Pharmaceuticals - 8.1% | |||
Acelyrin, Inc. (e) | 1,343,629 | 8,357,507 | |
Acelyrin, Inc. rights (a)(e) | 163,271 | 967,627 | |
Afferent Pharmaceuticals, Inc. rights 12/31/24 (a)(e) | 1,915,787 | 2,145,681 | |
Arvinas Holding Co. LLC (a) | 244,500 | 8,012,265 | |
Axsome Therapeutics, Inc. (a)(b) | 237,500 | 17,812,500 | |
DICE Therapeutics, Inc. (a) | 328,700 | 10,442,799 | |
Edgewise Therapeutics, Inc. (a) | 1,459,200 | 14,927,616 | |
Enliven Therapeutics, Inc. (a)(c) | 739,725 | 3,417,530 | |
Enliven Therapeutics, Inc. (c)(f) | 2,110,376 | 8,774,943 | |
GH Research PLC (a)(b) | 385,500 | 3,427,095 | |
Ikena Oncology, Inc. (a)(b)(c) | 2,144,926 | 9,137,385 | |
Intra-Cellular Therapies, Inc. (a) | 250,700 | 12,013,544 | |
Longboard Pharmaceuticals, Inc. (a)(b)(c) | 968,917 | 4,127,586 | |
Pharvaris BV (a)(b) | 372,633 | 3,353,697 | |
Terns Pharmaceuticals, Inc. (a)(b) | 952,048 | 8,635,075 | |
Ventyx Biosciences, Inc. (a) | 408,730 | 17,166,660 | |
Verona Pharma PLC ADR (a) | 484,367 | 10,675,449 | |
143,394,959 | |||
TOTAL COMMON STOCKS (Cost $1,261,692,455) | 1,733,775,283 | ||
Convertible Preferred Stocks - 2.2% | |||
Shares | Value ($) | ||
Biotechnology - 1.7% | |||
Biotechnology - 1.7% | |||
Apogee Therapeutics Series B (d)(e) | 1,039,132 | 3,433,874 | |
Bright Peak Therapeutics AG Series B (a)(d)(e) | 1,920,122 | 5,645,159 | |
Dianthus Therapeutics, Inc. Series A (d)(e) | 906,629 | 3,925,704 | |
Fog Pharmaceuticals, Inc. Series D (d)(e) | 239,281 | 2,575,405 | |
LifeMine Therapeutics, Inc. Series C (d)(e) | 1,950,028 | 3,588,052 | |
Sonoma Biotherapeutics, Inc.: | |||
Series B (a)(d)(e) | 1,967,762 | 3,286,163 | |
Series B1 (a)(d)(e) | 1,049,456 | 2,130,396 | |
T-Knife Therapeutics, Inc. Series B (a)(d)(e) | 1,300,097 | 4,979,372 | |
Treeline Biosciences Series A (a)(d)(e) | 47,600 | 400,316 | |
29,964,441 | |||
Health Care Providers & Services - 0.2% | |||
Health Care Facilities - 0.2% | |||
Boundless Bio, Inc. Series B (a)(d)(e) | 3,703,704 | 3,370,371 | |
Health Care Technology - 0.1% | |||
Health Care Technology - 0.1% | |||
Wugen, Inc. Series B (a)(d)(e) | 580,277 | 3,029,046 | |
Pharmaceuticals - 0.2% | |||
Pharmaceuticals - 0.2% | |||
Afferent Pharmaceuticals, Inc. Series C (a)(d)(e) | 1,915,787 | 19 | |
Aristea Therapeutics, Inc. Series B (a)(d)(e) | 677,328 | 3,732,077 | |
3,732,096 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $49,528,509) | 40,095,954 | ||
Money Market Funds - 9.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (g) | 12,408,387 | 12,410,869 | |
Fidelity Securities Lending Cash Central Fund 4.38% (g)(h) | 157,427,085 | 157,442,828 | |
TOTAL MONEY MARKET FUNDS (Cost $169,849,574) | 169,853,697 | ||
TOTAL INVESTMENT IN SECURITIES - 109.4% (Cost $1,481,070,538) | 1,943,724,934 |
NET OTHER ASSETS (LIABILITIES) - (9.4)% | (166,898,912) |
NET ASSETS - 100.0% | 1,776,826,022 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated company |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $40,135,116 or 2.3% of net assets. |
(e) | Level 3 security |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Afferent Pharmaceuticals, Inc. Series C | 7/01/15 | 0 |
Apogee Therapeutics Series B | 11/15/22 | 3,433,874 |
Aristea Therapeutics, Inc. Series B | 10/06/20 - 7/27/21 | 3,734,584 |
Boundless Bio, Inc. Series B | 4/23/21 | 5,000,000 |
Bright Peak Therapeutics AG Series B | 5/14/21 | 7,499,997 |
Dianthus Therapeutics, Inc. Series A | 4/06/22 | 3,940,663 |
Fog Pharmaceuticals, Inc. Series D | 11/17/22 | 2,575,405 |
LifeMine Therapeutics, Inc. Series C | 2/15/22 | 3,971,408 |
Scholar Rock Holding Corp. warrants 12/31/25 | 6/17/22 | 0 |
Sonoma Biotherapeutics, Inc. Series B | 7/26/21 | 3,888,888 |
Sonoma Biotherapeutics, Inc. Series B1 | 7/26/21 | 3,111,112 |
T-Knife Therapeutics, Inc. Series B | 6/30/21 | 7,500,000 |
Treeline Biosciences Series A | 7/30/21 | 372,589 |
Wugen, Inc. Series B | 7/09/21 | 4,499,990 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 7,889,645 | 287,557,884 | 283,036,660 | 214,879 | - | - | 12,410,869 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 195,515,949 | 392,411,762 | 430,484,883 | 947,916 | - | - | 157,442,828 | 0.5% |
Total | 203,405,594 | 679,969,646 | 713,521,543 | 1,162,795 | - | - | 169,853,697 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Astria Therapeutics, Inc. | 1,547,525 | 13,000,003 | 1,436,842 | - | 504,461 | 5,788,716 | 19,403,863 |
Enliven Therapeutics, Inc. | - | 2,958,666 | - | - | - | 458,864 | 3,417,530 |
Enliven Therapeutics, Inc. | - | 8,105,912 | - | - | - | 669,031 | 8,774,943 |
Ikena Oncology, Inc. | 5,294,759 | 2,643,313 | - | - | - | 1,199,313 | 9,137,385 |
Longboard Pharmaceuticals, Inc. | 1,743,340 | 2,284,259 | - | - | - | 99,987 | 4,127,586 |
Total | 8,585,624 | 28,992,153 | 1,436,842 | - | 504,461 | 8,215,911 | 44,861,307 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 1,733,775,283 | 1,713,490,363 | 8,814,105 | 11,470,815 |
Convertible Preferred Stocks | 40,095,954 | - | - | 40,095,954 |
Money Market Funds | 169,853,697 | 169,853,697 | - | - |
Total Investments in Securities: | 1,943,724,934 | 1,883,344,060 | 8,814,105 | 51,566,769 |
Investments in Securities: | |||
Convertible Preferred Stocks | |||
Beginning Balance | $ | 36,066,970 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | 2,703,402 | ||
Cost of Purchases | 6,009,279 | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | (4,683,697) | ||
Ending Balance | $ | 40,095,954 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2023 | $ | 2,703,402 | |
Other Investments in Securities | |||
Beginning Balance | $ | 1,800,841 | |
Net Realized Gain (Loss) on Investment Securities | (3) | ||
Net Unrealized Gain (Loss) on Investment Securities | 4,986,280 | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | 4,683,697 | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 11,470,815 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2023 | $ | 4,986,278 | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $158,019,783) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,255,729,661) | $ | 1,729,009,930 | ||
Fidelity Central Funds (cost $169,849,574) | 169,853,697 | |||
Other affiliated issuers (cost $55,491,303) | 44,861,307 | |||
Total Investment in Securities (cost $1,481,070,538) | $ | 1,943,724,934 | ||
Receivable for investments sold | 208,912 | |||
Receivable for fund shares sold | 302,448 | |||
Dividends receivable | 3,196,623 | |||
Distributions receivable from Fidelity Central Funds | 151,503 | |||
Prepaid expenses | 8,677 | |||
Total assets | 1,947,593,097 | |||
Liabilities | ||||
Payable to custodian bank | $ | 23,428 | ||
Payable for investments purchased | ||||
Regular delivery | 1,271,616 | |||
Delayed delivery | 8,105,912 | |||
Payable for fund shares redeemed | 2,514,379 | |||
Accrued management fee | 772,816 | |||
Distribution and service plan fees payable | 321,753 | |||
Other affiliated payables | 301,889 | |||
Other payables and accrued expenses | 45,557 | |||
Collateral on securities loaned | 157,409,725 | |||
Total Liabilities | 170,767,075 | |||
Net Assets | $ | 1,776,826,022 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,451,276,946 | ||
Total accumulated earnings (loss) | 325,549,076 | |||
Net Assets | $ | 1,776,826,022 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($663,033,067 ÷ 26,221,216 shares) (a) | $ | 25.29 | ||
Maximum offering price per share (100/94.25 of $25.29) | $ | 26.83 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($122,360,148 ÷ 5,285,032 shares) (a) | $ | 23.15 | ||
Maximum offering price per share (100/96.50 of $23.15) | $ | 23.99 | ||
Class C : | ||||
Net Asset Value and offering price per share ($159,808,401 ÷ 8,080,705 shares) (a) | $ | 19.78 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($774,855,454 ÷ 28,059,468 shares) | $ | 27.61 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($56,768,952 ÷ 2,050,200 shares) | $ | 27.69 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 7,538,716 | ||
Income from Fidelity Central Funds (including $947,916 from security lending) | 1,162,795 | |||
Total Income | 8,701,511 | |||
Expenses | ||||
Management fee | $ | 4,654,194 | ||
Transfer agent fees | 1,584,951 | |||
Distribution and service plan fees | 1,975,043 | |||
Accounting fees | 240,324 | |||
Custodian fees and expenses | 26,080 | |||
Independent trustees' fees and expenses | 3,066 | |||
Registration fees | 79,621 | |||
Audit | 36,801 | |||
Legal | 2,236 | |||
Miscellaneous | 7,350 | |||
Total expenses before reductions | 8,609,666 | |||
Expense reductions | (35,125) | |||
Total expenses after reductions | 8,574,541 | |||
Net Investment income (loss) | 126,970 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (19,930,173) | |||
Affiliated issuers | 504,461 | |||
Total net realized gain (loss) | (19,425,712) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 251,366,843 | |||
Affiliated issuers | 8,215,911 | |||
Total change in net unrealized appreciation (depreciation) | 259,582,754 | |||
Net gain (loss) | 240,157,042 | |||
Net increase (decrease) in net assets resulting from operations | $ | 240,284,012 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 126,970 | $ | (4,304,003) |
Net realized gain (loss) | (19,425,712) | (9,400,446) | ||
Change in net unrealized appreciation (depreciation) | 259,582,754 | (408,605,977) | ||
Net increase (decrease) in net assets resulting from operations | 240,284,012 | (422,310,426) | ||
Distributions to shareholders | - | (389,242,813) | ||
Share transactions - net increase (decrease) | (96,789,209) | (72,894,135) | ||
Total increase (decrease) in net assets | 143,494,803 | (884,447,374) | ||
Net Assets | ||||
Beginning of period | 1,633,331,219 | 2,517,778,593 | ||
End of period | $ | 1,776,826,022 | $ | 1,633,331,219 |
Fidelity Advisor® Biotechnology Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.00 | $ | 32.58 | $ | 31.03 | $ | 25.48 | $ | 27.80 | $ | 24.45 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | (.06) | .07 | .03 | .03 | (.14) | ||||||
Net realized and unrealized gain (loss) | 3.29 | (5.16) | 4.42 | 7.40 | (1.76) | 3.49 | ||||||
Total from investment operations | 3.29 | (5.22) | 4.49 | 7.43 | (1.73) | 3.35 | ||||||
Distributions from net investment income | - | (.11) | (.13) | - | - | - | ||||||
Distributions from net realized gain | - | (5.25) | (2.81) | (1.88) | (.59) | - | ||||||
Total distributions | - | (5.36) | (2.94) | (1.88) | (.59) | - | ||||||
Net asset value, end of period | $ | 25.29 | $ | 22.00 | $ | 32.58 | $ | 31.03 | $ | 25.48 | $ | 27.80 |
Total Return D,E,F | 14.95% | (18.95)% | 14.03% | 30.00% | (6.17)% | 13.70% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.01% I | 1.00% | 1.01% | 1.02% | 1.04% | 1.06% | ||||||
Expenses net of fee waivers, if any | 1.01% I | 1.00% | 1.00% | 1.02% | 1.03% | 1.06% | ||||||
Expenses net of all reductions | 1.01% I | 1.00% | 1.00% | 1.02% | 1.03% | 1.06% | ||||||
Net investment income (loss) | (.02)% I | (.23)% | .20% | .11% | .13% | (.53)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 663,033 | $ | 594,911 | $ | 808,610 | $ | 722,896 | $ | 616,894 | $ | 766,303 |
Portfolio turnover rate J | 70% I | 43% | 72% | 66% | 62% | 45% |
Fidelity Advisor® Biotechnology Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.17 | $ | 30.35 | $ | 29.08 | $ | 24.02 | $ | 26.32 | $ | 23.22 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) | (.13) | (.02) | (.05) | (.04) | (.21) | ||||||
Net realized and unrealized gain (loss) | 3.01 | (4.73) | 4.14 | 6.96 | (1.67) | 3.31 | ||||||
Total from investment operations | 2.98 | (4.86) | 4.12 | 6.91 | (1.71) | 3.10 | ||||||
Distributions from net investment income | - | (.07) | (.07) | - | - | - | ||||||
Distributions from net realized gain | - | (5.25) | (2.78) | (1.85) | (.59) | - | ||||||
Total distributions | - | (5.32) | (2.85) | (1.85) | (.59) | - | ||||||
Net asset value, end of period | $ | 23.15 | $ | 20.17 | $ | 30.35 | $ | 29.08 | $ | 24.02 | $ | 26.32 |
Total Return C,D,E | 14.77% | (19.18)% | 13.69% | 29.64% | (6.44)% | 13.35% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.29% H | 1.28% | 1.28% | 1.32% | 1.34% | 1.38% | ||||||
Expenses net of fee waivers, if any | 1.29% H | 1.28% | 1.28% | 1.32% | 1.34% | 1.38% | ||||||
Expenses net of all reductions | 1.28% H | 1.28% | 1.28% | 1.31% | 1.34% | 1.38% | ||||||
Net investment income (loss) | (.30)% H | (.51)% | (.07)% | (.18)% | (.18)% | (.84)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 122,360 | $ | 109,815 | $ | 161,619 | $ | 144,568 | $ | 119,312 | $ | 135,879 |
Portfolio turnover rate I | 70% H | 43% | 72% | 66% | 62% | 45% |
Fidelity Advisor® Biotechnology Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.27 | $ | 26.79 | $ | 25.97 | $ | 21.71 | $ | 23.96 | $ | 21.23 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.07) | (.21) | (.15) | (.15) | (.14) | (.29) | ||||||
Net realized and unrealized gain (loss) | 2.58 | (4.07) | �� | 3.71 | 6.26 | (1.52) | 3.02 | |||||
Total from investment operations | 2.51 | (4.28) | 3.56 | 6.11 | (1.66) | 2.73 | ||||||
Distributions from net investment income | - | - | (.01) | - | - | - | ||||||
Distributions from net realized gain | - | (5.24) | (2.73) | (1.85) | (.59) | - | ||||||
Total distributions | - | (5.24) | (2.74) | (1.85) | (.59) | - | ||||||
Net asset value, end of period | $ | 19.78 | $ | 17.27 | $ | 26.79 | $ | 25.97 | $ | 21.71 | $ | 23.96 |
Total Return C,D,E | 14.53% | (19.54)% | 13.15% | 29.07% | (6.87)% | 12.86% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.77% H | 1.75% | 1.75% | 1.77% | 1.78% | 1.80% | ||||||
Expenses net of fee waivers, if any | 1.76% H | 1.74% | 1.75% | 1.77% | 1.77% | 1.80% | ||||||
Expenses net of all reductions | 1.76% H | 1.74% | 1.75% | 1.76% | 1.77% | 1.80% | ||||||
Net investment income (loss) | (.78)% H | (.97)% | (.55)% | (.63)% | (.61)% | (1.27)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 159,808 | $ | 168,797 | $ | 328,417 | $ | 384,420 | $ | 398,749 | $ | 558,420 |
Portfolio turnover rate I | 70% H | 43% | 72% | 66% | 62% | 45% |
Fidelity Advisor® Biotechnology Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.99 | $ | 35.00 | $ | 33.16 | $ | 27.08 | $ | 29.42 | $ | 25.80 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .01 | .17 | .11 | .11 | (.07) | ||||||
Net realized and unrealized gain (loss) | 3.59 | (5.61) | 4.72 | 7.88 | (1.86) | 3.69 | ||||||
Total from investment operations | 3.62 | (5.60) | 4.89 | 7.99 | (1.75) | 3.62 | ||||||
Distributions from net investment income | - | (.16) | (.21) | - | - | - | ||||||
Distributions from net realized gain | - | (5.25) | (2.85) | (1.91) | (.59) | - | ||||||
Total distributions | - | (5.41) | (3.05) C | (1.91) | (.59) | - | ||||||
Net asset value, end of period | $ | 27.61 | $ | 23.99 | $ | 35.00 | $ | 33.16 | $ | 27.08 | $ | 29.42 |
Total Return D,E | 15.09% | (18.74)% | 14.34% | 30.32% | (5.89)% | 14.03% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .74% H | .73% | .74% | .75% | .76% | .79% | ||||||
Expenses net of fee waivers, if any | .74% H | .73% | .74% | .75% | .76% | .79% | ||||||
Expenses net of all reductions | .74% H | .73% | .74% | .75% | .76% | .79% | ||||||
Net investment income (loss) | .25% H | .04% | .47% | .38% | .40% | (.26)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 774,855 | $ | 697,079 | $ | 1,129,492 | $ | 1,092,145 | $ | 1,006,084 | $ | 1,307,833 |
Portfolio turnover rate I | 70% H | 43% | 72% | 66% | 62% | 45% |
Fidelity Advisor® Biotechnology Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 24.04 | $ | 35.05 | $ | 33.22 | $ | 27.10 | $ | 30.06 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .05 | .05 | .21 | .15 | .16 | |||||
Net realized and unrealized gain (loss) | 3.60 | (5.62) | 4.74 | 7.90 | (2.53) | |||||
Total from investment operations | 3.65 | (5.57) | 4.95 | 8.05 | (2.37) | |||||
Distributions from net investment income | - | (.19) | (.26) | (.02) | - | |||||
Distributions from net realized gain | - | (5.25) | (2.87) | (1.91) | (.59) | |||||
Total distributions | - | (5.44) | (3.12) D | (1.93) | (.59) | |||||
Net asset value, end of period | $ | 27.69 | $ | 24.04 | $ | 35.05 | $ | 33.22 | $ | 27.10 |
Total Return E,F | 15.18% | (18.63)% | 14.49% | 30.53% | (7.83)% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .61% I | .61% | .61% | .62% | .63% I | |||||
Expenses net of fee waivers, if any | .61% I | .60% | .61% | .62% | .63% I | |||||
Expenses net of all reductions | .61% I | .60% | .61% | .62% | .62% I | |||||
Net investment income (loss) | .38% I | .16% | .60% | .51% | .73% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 56,769 | $ | 62,729 | $ | 89,641 | $ | 62,743 | $ | 30,116 |
Portfolio turnover rate J | 70% I | 43% | 72% | 66% | 62% |
Top Holdings (% of Fund's net assets) | ||
Amazon.com, Inc. | 22.4 | |
Tesla, Inc. | 10.2 | |
The Home Depot, Inc. | 5.2 | |
Lowe's Companies, Inc. | 4.7 | |
NIKE, Inc. Class B | 4.2 | |
TJX Companies, Inc. | 3.9 | |
Hilton Worldwide Holdings, Inc. | 2.8 | |
Booking Holdings, Inc. | 2.5 | |
Target Corp. | 2.2 | |
Dick's Sporting Goods, Inc. | 2.1 | |
60.2 | ||
Industries (% of Fund's net assets) | ||
Internet & Direct Marketing Retail | 23.2 | |
Specialty Retail | 21.8 | |
Hotels, Restaurants & Leisure | 17.8 | |
Textiles, Apparel & Luxury Goods | 13.8 | |
Automobiles | 10.6 | |
Multiline Retail | 6.7 | |
Household Durables | 2.9 | |
Auto Components | 1.6 | |
Food & Staples Retailing | 0.8 | |
Building Products | 0.4 | |
Common Stocks - 99.6% | |||
Shares | Value ($) | ||
Auto Components - 1.6% | |||
Auto Parts & Equipment - 1.6% | |||
Adient PLC (a) | 72,331 | 3,256,342 | |
Magna International, Inc. Class A (b) | 50,700 | 3,292,458 | |
6,548,800 | |||
Automobiles - 10.6% | |||
Automobile Manufacturers - 10.6% | |||
Ferrari NV | 6,803 | 1,709,662 | |
Tesla, Inc. (a) | 242,515 | 42,008,448 | |
43,718,110 | |||
Building Products - 0.4% | |||
Building Products - 0.4% | |||
The AZEK Co., Inc. (a)(b) | 64,011 | 1,544,585 | |
Food & Staples Retailing - 0.8% | |||
Food Distributors - 0.8% | |||
Performance Food Group Co. (a) | 56,542 | 3,467,155 | |
Hotels, Restaurants & Leisure - 17.8% | |||
Casinos & Gaming - 3.2% | |||
Caesars Entertainment, Inc. (a) | 57,651 | 3,001,311 | |
Churchill Downs, Inc. | 24,967 | 6,194,313 | |
Penn Entertainment, Inc. (a) | 111,635 | 3,957,461 | |
13,153,085 | |||
Hotels, Resorts & Cruise Lines - 7.7% | |||
Booking Holdings, Inc. (a) | 4,255 | 10,357,096 | |
Hilton Worldwide Holdings, Inc. | 80,255 | 11,644,198 | |
Marriott International, Inc. Class A | 48,744 | 8,490,230 | |
Royal Caribbean Cruises Ltd. (a) | 17,200 | 1,116,968 | |
31,608,492 | |||
Leisure Facilities - 0.6% | |||
Planet Fitness, Inc. (a) | 28,027 | 2,372,486 | |
Restaurants - 6.3% | |||
ARAMARK Holdings Corp. | 110,519 | 4,921,411 | |
Brinker International, Inc. (a) | 25,120 | 991,235 | |
Chipotle Mexican Grill, Inc. (a) | 3,764 | 6,196,974 | |
Domino's Pizza, Inc. | 14,699 | 5,188,747 | |
Dutch Bros, Inc. (a)(b) | 18,809 | 716,811 | |
McDonald's Corp. | 29,991 | 8,019,593 | |
26,034,771 | |||
TOTAL HOTELS, RESTAURANTS & LEISURE | 73,168,834 | ||
Household Durables - 2.9% | |||
Home Furnishings - 1.3% | |||
Tempur Sealy International, Inc. | 129,285 | 5,268,364 | |
Homebuilding - 1.6% | |||
KB Home | 62,400 | 2,399,280 | |
PulteGroup, Inc. | 76,800 | 4,369,152 | |
6,768,432 | |||
TOTAL HOUSEHOLD DURABLES | 12,036,796 | ||
Internet & Direct Marketing Retail - 23.2% | |||
Internet & Direct Marketing Retail - 23.2% | |||
Amazon.com, Inc. (a) | 896,829 | 92,489,975 | |
eBay, Inc. | 66,724 | 3,302,838 | |
95,792,813 | |||
Multiline Retail - 6.7% | |||
General Merchandise Stores - 6.7% | |||
Dollar General Corp. | 29,673 | 6,931,613 | |
Dollar Tree, Inc. (a) | 55,824 | 8,383,648 | |
Ollie's Bargain Outlet Holdings, Inc. (a) | 63,043 | 3,452,235 | |
Target Corp. | 52,124 | 8,972,625 | |
27,740,121 | |||
Specialty Retail - 21.8% | |||
Apparel Retail - 5.7% | |||
Burlington Stores, Inc. (a) | 22,263 | 5,116,705 | |
TJX Companies, Inc. | 196,089 | 16,051,846 | |
Victoria's Secret & Co. (a) | 57,809 | 2,436,649 | |
23,605,200 | |||
Automotive Retail - 0.4% | |||
O'Reilly Automotive, Inc. (a) | 1,800 | 1,426,230 | |
Home Improvement Retail - 11.7% | |||
Floor & Decor Holdings, Inc. Class A (a)(b) | 82,878 | 7,522,836 | |
Lowe's Companies, Inc. | 91,977 | 19,154,210 | |
The Home Depot, Inc. | 66,163 | 21,448,060 | |
48,125,106 | |||
Homefurnishing Retail - 0.5% | |||
Williams-Sonoma, Inc. | 14,400 | 1,943,136 | |
Specialty Stores - 3.5% | |||
Bath & Body Works, Inc. | 34,218 | 1,574,370 | |
Dick's Sporting Goods, Inc. (b) | 66,324 | 8,672,526 | |
Five Below, Inc. (a) | 17,861 | 3,520,939 | |
Sally Beauty Holdings, Inc. (a) | 50,990 | 794,424 | |
14,562,259 | |||
TOTAL SPECIALTY RETAIL | 89,661,931 | ||
Textiles, Apparel & Luxury Goods - 13.8% | |||
Apparel, Accessories & Luxury Goods - 7.0% | |||
Capri Holdings Ltd. (a) | 129,630 | 8,619,099 | |
lululemon athletica, Inc. (a) | 20,770 | 6,373,898 | |
LVMH Moet Hennessy Louis Vuitton SE | 2,692 | 2,350,050 | |
PVH Corp. | 34,219 | 3,076,288 | |
Tapestry, Inc. | 184,504 | 8,407,847 | |
28,827,182 | |||
Footwear - 6.8% | |||
Crocs, Inc. (a) | 8,420 | 1,025,303 | |
Deckers Outdoor Corp. (a) | 18,527 | 7,919,922 | |
NIKE, Inc. Class B | 135,882 | 17,301,855 | |
On Holding AG (a) | 39,844 | 924,381 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 18,800 | 905,220 | |
28,076,681 | |||
TOTAL TEXTILES, APPAREL & LUXURY GOODS | 56,903,863 | ||
TOTAL COMMON STOCKS (Cost $249,657,680) | 410,583,008 | ||
Money Market Funds - 4.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (c) | 954,750 | 954,941 | |
Fidelity Securities Lending Cash Central Fund 4.38% (c)(d) | 16,797,445 | 16,799,125 | |
TOTAL MONEY MARKET FUNDS (Cost $17,754,066) | 17,754,066 | ||
TOTAL INVESTMENT IN SECURITIES - 103.9% (Cost $267,411,746) | 428,337,074 |
NET OTHER ASSETS (LIABILITIES) - (3.9)% | (16,259,864) |
NET ASSETS - 100.0% | 412,077,210 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | - | 67,017,065 | 66,062,124 | 18,290 | - | - | 954,941 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 3,926,447 | 54,667,429 | 41,794,751 | 64,715 | - | - | 16,799,125 | 0.1% |
Total | 3,926,447 | 121,684,494 | 107,856,875 | 83,005 | - | - | 17,754,066 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 410,583,008 | 408,232,958 | 2,350,050 | - |
Money Market Funds | 17,754,066 | 17,754,066 | - | - |
Total Investments in Securities: | 428,337,074 | 425,987,024 | 2,350,050 | - |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $17,149,541) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $249,657,680) | $ | 410,583,008 | ||
Fidelity Central Funds (cost $17,754,066) | 17,754,066 | |||
Total Investment in Securities (cost $267,411,746) | $ | 428,337,074 | ||
Foreign currency held at value (cost $21,151) | 19,178 | |||
Receivable for investments sold | 1,735,297 | |||
Receivable for fund shares sold | 160,447 | |||
Dividends receivable | 119,148 | |||
Distributions receivable from Fidelity Central Funds | 6,675 | |||
Prepaid expenses | 1,273 | |||
Other receivables | 2,352 | |||
Total assets | 430,381,444 | |||
Liabilities | ||||
Payable for investments purchased | $ | 819,477 | ||
Payable for fund shares redeemed | 345,413 | |||
Accrued management fee | 168,711 | |||
Distribution and service plan fees payable | 79,665 | |||
Other affiliated payables | 63,434 | |||
Other payables and accrued expenses | 28,584 | |||
Collateral on securities loaned | 16,798,950 | |||
Total Liabilities | 18,304,234 | |||
Net Assets | $ | 412,077,210 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 269,665,524 | ||
Total accumulated earnings (loss) | 142,411,686 | |||
Net Assets | $ | 412,077,210 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($169,781,662 ÷ 5,180,526 shares) (a) | $ | 32.77 | ||
Maximum offering price per share (100/94.25 of $32.77) | $ | 34.77 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($31,177,656 ÷ 1,040,727 shares) (a) | $ | 29.96 | ||
Maximum offering price per share (100/96.50 of $29.96) | $ | 31.05 | ||
Class C : | ||||
Net Asset Value and offering price per share ($44,156,236 ÷ 1,783,903 shares) (a) | $ | 24.75 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($96,839,601 ÷ 2,679,518 shares) | $ | 36.14 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($70,122,055 ÷ 1,931,714 shares) | $ | 36.30 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,451,922 | ||
Income from Fidelity Central Funds (including $64,715 from security lending) | 83,005 | |||
Total Income | 1,534,927 | |||
Expenses | ||||
Management fee | $ | 1,070,355 | ||
Transfer agent fees | 336,092 | |||
Distribution and service plan fees | 520,973 | |||
Accounting fees | 71,855 | |||
Custodian fees and expenses | 9,316 | |||
Independent trustees' fees and expenses | 717 | |||
Registration fees | 63,596 | |||
Audit | 32,756 | |||
Legal | 2,315 | |||
Miscellaneous | 1,705 | |||
Total expenses before reductions | 2,109,680 | |||
Expense reductions | (7,585) | |||
Total expenses after reductions | 2,102,095 | |||
Net Investment income (loss) | (567,168) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 4,724,880 | |||
Foreign currency transactions | (1,345) | |||
Total net realized gain (loss) | 4,723,535 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (15,322,548) | |||
Assets and liabilities in foreign currencies | 778 | |||
Total change in net unrealized appreciation (depreciation) | (15,321,770) | |||
Net gain (loss) | (10,598,235) | |||
Net increase (decrease) in net assets resulting from operations | $ | (11,165,403) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (567,168) | $ | (2,177,425) |
Net realized gain (loss) | 4,723,535 | 22,343,203 | ||
Change in net unrealized appreciation (depreciation) | (15,321,770) | (130,859,779) | ||
Net increase (decrease) in net assets resulting from operations | (11,165,403) | (110,694,001) | ||
Distributions to shareholders | (17,163,454) | (44,840,619) | ||
Share transactions - net increase (decrease) | (585,230) | (144,288,903) | ||
Total increase (decrease) in net assets | (28,914,087) | (299,823,523) | ||
Net Assets | ||||
Beginning of period | 440,991,297 | 740,814,820 | ||
End of period | $ | 412,077,210 | $ | 440,991,297 |
Fidelity Advisor® Consumer Discretionary Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 35.05 | $ | 45.74 | $ | 33.70 | $ | 29.83 | $ | 28.22 | $ | 22.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.05) | (.16) | (.20) | (.04) | (.02) | (.02) | ||||||
Net realized and unrealized gain (loss) | (.88) | (7.62) | 12.82 | 4.73 | 1.90 | 5.32 | ||||||
Total from investment operations | (.93) | (7.78) | 12.62 | 4.69 | 1.88 | 5.30 | ||||||
Distributions from net realized gain | (1.35) | (2.91) | (.58) | (.82) | (.27) | - | ||||||
Total distributions | (1.35) | (2.91) | (.58) | (.82) | (.27) | - | ||||||
Net asset value, end of period | $ | 32.77 | $ | 35.05 | $ | 45.74 | $ | 33.70 | $ | 29.83 | $ | 28.22 |
Total Return C,D,E | (2.47)% | (18.26)% | 37.68% | 16.03% | 6.81% | 23.12% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.06% H | 1.01% | 1.03% | 1.07% | 1.08% | 1.12% | ||||||
Expenses net of fee waivers, if any | 1.05% H | 1.01% | 1.03% | 1.07% | 1.08% | 1.12% | ||||||
Expenses net of all reductions | 1.05% H | 1.01% | 1.03% | 1.06% | 1.07% | 1.11% | ||||||
Net investment income (loss) | (.30)% H | (.38)% | (.48)% | (.14)% | (.09)% | (.08)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 169,782 | $ | 188,092 | $ | 259,488 | $ | 159,603 | $ | 159,298 | $ | 146,605 |
Portfolio turnover rate I | 47% H | 34% | 35% | 41% J | 60% | 60% |
Fidelity Advisor® Consumer Discretionary Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 32.20 | $ | 42.23 | $ | 31.23 | $ | 27.78 | $ | 26.36 | $ | 21.47 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.08) | (.24) | (.29) | (.11) | (.09) | (.08) | ||||||
Net realized and unrealized gain (loss) | (.81) | (7.02) | 11.87 | 4.38 | 1.78 | 4.97 | ||||||
Total from investment operations | (.89) | (7.26) | 11.58 | 4.27 | 1.69 | 4.89 | ||||||
Distributions from net realized gain | (1.35) | (2.77) | (.58) | (.82) | (.27) | - | ||||||
Total distributions | (1.35) | (2.77) | (.58) | (.82) | (.27) | - | ||||||
Net asset value, end of period | $ | 29.96 | $ | 32.20 | $ | 42.23 | $ | 31.23 | $ | 27.78 | $ | 26.36 |
Total Return C,D,E | (2.57)% | (18.49)% | 37.32% | 15.70% | 6.56% | 22.78% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.32% H | 1.28% | 1.30% | 1.34% | 1.34% | 1.38% | ||||||
Expenses net of fee waivers, if any | 1.32% H | 1.27% | 1.30% | 1.34% | 1.34% | 1.38% | ||||||
Expenses net of all reductions | 1.32% H | 1.27% | 1.29% | 1.33% | 1.34% | 1.38% | ||||||
Net investment income (loss) | (.56)% H | (.64)% | (.75)% | (.41)% | (.35)% | (.35)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 31,178 | $ | 35,219 | $ | 48,288 | $ | 33,896 | $ | 32,792 | $ | 34,622 |
Portfolio turnover rate I | 47% H | 34% | 35% | 41% J | 60% | 60% |
Fidelity Advisor® Consumer Discretionary Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.92 | $ | 35.82 | $ | 26.69 | $ | 23.97 | $ | 22.90 | $ | 18.74 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.13) | (.36) | (.40) | (.21) | (.19) | (.17) | ||||||
Net realized and unrealized gain (loss) | (.69) | (5.87) | 10.11 | 3.75 | 1.53 | 4.33 | ||||||
Total from investment operations | (.82) | (6.23) | 9.71 | 3.54 | 1.34 | 4.16 | ||||||
Distributions from net realized gain | (1.35) | (2.67) | (.58) | (.82) | (.27) | - | ||||||
Total distributions | (1.35) | (2.67) | (.58) | (.82) | (.27) | - | ||||||
Net asset value, end of period | $ | 24.75 | $ | 26.92 | $ | 35.82 | $ | 26.69 | $ | 23.97 | $ | 22.90 |
Total Return C,D,E | (2.82)% | (18.88)% | 36.66% | 15.14% | 6.02% | 22.20% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.81% H | 1.77% | 1.79% | 1.82% | 1.83% | 1.87% | ||||||
Expenses net of fee waivers, if any | 1.81% H | 1.76% | 1.79% | 1.82% | 1.83% | 1.87% | ||||||
Expenses net of all reductions | 1.81% H | 1.76% | 1.79% | 1.82% | 1.82% | 1.86% | ||||||
Net investment income (loss) | (1.05)% H | (1.13)% | (1.24)% | (.90)% | (.83)% | (.83)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 44,156 | $ | 54,035 | $ | 85,549 | $ | 65,223 | $ | 70,890 | $ | 71,116 |
Portfolio turnover rate I | 47% H | 34% | 35% | 41% J | 60% | 60% |
Fidelity Advisor® Consumer Discretionary Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 38.45 | $ | 49.91 | $ | 36.63 | $ | 32.27 | $ | 30.42 | $ | 24.64 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | (.05) | (.10) | .04 | .06 | .06 | ||||||
Net realized and unrealized gain (loss) | (.96) | (8.36) | 13.96 | 5.14 | 2.06 | 5.72 | ||||||
Total from investment operations | (.96) | (8.41) | 13.86 | 5.18 | 2.12 | 5.78 | ||||||
Distributions from net realized gain | (1.35) | (3.05) | (.58) | (.82) | (.27) | - | ||||||
Total distributions | (1.35) | (3.05) | (.58) | (.82) | (.27) | - | ||||||
Net asset value, end of period | $ | 36.14 | $ | 38.45 | $ | 49.91 | $ | 36.63 | $ | 32.27 | $ | 30.42 |
Total Return D,E | (2.33)% | (18.04)% | 38.05% | 16.34% | 7.10% | 23.46% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .78% H | .75% | .77% | .79% | .80% | .84% | ||||||
Expenses net of fee waivers, if any | .78% H | .74% | .76% | .79% | .80% | .83% | ||||||
Expenses net of all reductions | .78% H | .74% | .76% | .79% | .80% | .83% | ||||||
Net investment income (loss) | (.02)% H | (.11)% | (.22)% | .13% | .19% | .20% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 96,840 | $ | 118,859 | $ | 259,846 | $ | 134,907 | $ | 159,613 | $ | 152,711 |
Portfolio turnover rate I | 47% H | 34% | 35% | 41% J | 60% | 60% |
Fidelity Advisor® Consumer Discretionary Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 38.59 | $ | 50.10 | $ | 36.72 | $ | 32.31 | $ | 31.56 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .02 | - D | (.04) | .09 | .10 | |||||
Net realized and unrealized gain (loss) | (.96) | (8.38) | 14.00 | 5.14 | .92 | |||||
Total from investment operations | (.94) | (8.38) | 13.96 | 5.23 | 1.02 | |||||
Distributions from net realized gain | (1.35) | (3.13) | (.58) | (.82) | (.27) | |||||
Total distributions | (1.35) | (3.13) | (.58) | (.82) | (.27) | |||||
Net asset value, end of period | $ | 36.30 | $ | 38.59 | $ | 50.10 | $ | 36.72 | $ | 32.31 |
Total Return E,F | (2.27)% | (17.93)% | 38.23% | 16.48% | 3.36% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .66% I | .62% | .64% | .66% | .67% I | |||||
Expenses net of fee waivers, if any | .65% I | .62% | .64% | .66% | .66% I | |||||
Expenses net of all reductions | .65% I | .62% | .64% | .66% | .66% I | |||||
Net investment income (loss) | .10% I | .01% | (.09)% | .26% | .39% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 70,122 | $ | 44,785 | $ | 87,644 | $ | 48,668 | $ | 6,786 |
Portfolio turnover rate J | 47% I | 34% | 35% | 41% K | 60% |
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 23.8 | |
Chevron Corp. | 6.6 | |
ConocoPhillips Co. | 5.1 | |
Valero Energy Corp. | 5.0 | |
Halliburton Co. | 4.6 | |
Schlumberger Ltd. | 4.2 | |
Marathon Petroleum Corp. | 4.1 | |
Hess Corp. | 3.7 | |
Canadian Natural Resources Ltd. | 3.4 | |
Occidental Petroleum Corp. | 3.4 | |
63.9 | ||
Industries (% of Fund's net assets) | ||
Oil, Gas & Consumable Fuels | 84.4 | |
Energy Equipment & Services | 15.1 | |
Independent Power and Renewable Electricity Producers | 0.4 | |
Geographic Diversification (% of Fund's net assets) |
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* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.9% | |||
Shares | Value ($) | ||
Energy Equipment & Services - 15.1% | |||
Oil & Gas Drilling - 1.5% | |||
Nabors Industries Ltd. (a) | 7,112 | 1,262,664 | |
Nabors Industries Ltd. warrants 6/11/26 (a) | 6,604 | 188,214 | |
Noble Corp. PLC (a) | 106,400 | 4,329,416 | |
Odfjell Drilling Ltd. (a) | 722,656 | 1,918,569 | |
Odfjell Technology Ltd. (a) | 104,337 | 376,306 | |
Shelf Drilling Ltd. (a)(b) | 579,628 | 1,713,055 | |
Valaris Ltd. (a) | 210,900 | 15,319,776 | |
25,108,000 | |||
Oil & Gas Equipment & Services - 13.6% | |||
Baker Hughes Co. Class A | 8,700 | 276,138 | |
Cactus, Inc. | 30,700 | 1,661,177 | |
Halliburton Co. | 1,879,900 | 77,489,478 | |
Nextier Oilfield Solutions, Inc. (a) | 2,218,200 | 20,895,444 | |
NOV, Inc. | 417,000 | 10,191,480 | |
Oceaneering International, Inc. (a) | 512,600 | 10,944,010 | |
ProPetro Holding Corp. (a) | 727,100 | 7,234,645 | |
Schlumberger Ltd. | 1,242,818 | 70,815,770 | |
TechnipFMC PLC (a) | 2,102,400 | 29,202,336 | |
228,710,478 | |||
TOTAL ENERGY EQUIPMENT & SERVICES | 253,818,478 | ||
Independent Power and Renewable Electricity Producers - 0.4% | |||
Independent Power Producers & Energy Traders - 0.4% | |||
The AES Corp. | 13,200 | 361,812 | |
Vistra Corp. | 304,100 | 7,012,546 | |
7,374,358 | |||
Oil, Gas & Consumable Fuels - 84.4% | |||
Coal & Consumable Fuels - 0.8% | |||
Arch Resources, Inc. (c) | 35,000 | 5,180,700 | |
CONSOL Energy, Inc. | 21,400 | 1,237,562 | |
Enviva, Inc. | 4,200 | 191,016 | |
Peabody Energy Corp. (a) | 216,700 | 6,043,763 | |
12,653,041 | |||
Integrated Oil & Gas - 39.1% | |||
Cenovus Energy, Inc. (Canada) (c) | 2,564,600 | 51,232,248 | |
Chevron Corp. | 637,870 | 111,002,137 | |
Exxon Mobil Corp. | 3,448,261 | 400,032,756 | |
Imperial Oil Ltd. | 265,800 | 14,527,057 | |
Occidental Petroleum Corp. (c) | 881,500 | 57,112,385 | |
Occidental Petroleum Corp. warrants 8/3/27 (a) | 36,987 | 1,587,482 | |
Suncor Energy, Inc. (c) | 596,200 | 20,692,583 | |
656,186,648 | |||
Oil & Gas Exploration & Production - 29.2% | |||
Antero Resources Corp. (a) | 767,900 | 22,146,236 | |
APA Corp. | 566,200 | 25,099,646 | |
Callon Petroleum Co. (a) | 54,740 | 2,329,187 | |
Canadian Natural Resources Ltd. (c) | 942,300 | 57,838,970 | |
Chesapeake Energy Corp. | 73,200 | 6,347,904 | |
Chord Energy Corp. | 39,830 | 5,708,834 | |
Civitas Resources, Inc. | 120,744 | 8,035,513 | |
ConocoPhillips Co. | 698,850 | 85,168,850 | |
Coterra Energy, Inc. | 292,921 | 7,331,813 | |
Devon Energy Corp. | 438,200 | 27,711,768 | |
Diamondback Energy, Inc. | 92,800 | 13,559,936 | |
EOG Resources, Inc. | 160,686 | 21,250,724 | |
EQT Corp. | 428,600 | 14,002,362 | |
Hess Corp. | 418,700 | 62,871,992 | |
Magnolia Oil & Gas Corp. Class A | 235,200 | 5,553,072 | |
National Energy Services Reunited Corp. (a) | 868,700 | 6,567,372 | |
Northern Oil & Gas, Inc. | 76,930 | 2,578,694 | |
Ovintiv, Inc. | 478,900 | 23,576,247 | |
PDC Energy, Inc. | 551,088 | 37,325,190 | |
Pioneer Natural Resources Co. | 124,125 | 28,592,194 | |
Range Resources Corp. | 916,300 | 22,925,826 | |
SM Energy Co. | 132,400 | 4,351,988 | |
Viper Energy Partners LP | 3,900 | 123,825 | |
490,998,143 | |||
Oil & Gas Refining & Marketing - 10.7% | |||
Marathon Petroleum Corp. | 531,778 | 68,344,109 | |
Phillips 66 Co. | 278,737 | 27,948,959 | |
Valero Energy Corp. | 600,200 | 84,046,006 | |
180,339,074 | |||
Oil & Gas Storage & Transport - 4.6% | |||
Cheniere Energy, Inc. | 328,800 | 50,237,352 | |
Energy Transfer LP | 1,624,300 | 21,570,704 | |
Golar LNG Ltd. (a) | 195,700 | 4,587,208 | |
76,395,264 | |||
TOTAL OIL, GAS & CONSUMABLE FUELS | 1,416,572,170 | ||
TOTAL COMMON STOCKS (Cost $1,024,251,116) | 1,677,765,006 | ||
Money Market Funds - 3.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (d) | 2,436,655 | 2,437,142 | |
Fidelity Securities Lending Cash Central Fund 4.38% (d)(e) | 52,679,582 | 52,684,849 | |
TOTAL MONEY MARKET FUNDS (Cost $55,121,991) | 55,121,991 | ||
TOTAL INVESTMENT IN SECURITIES - 103.2% (Cost $1,079,373,107) | 1,732,886,997 |
NET OTHER ASSETS (LIABILITIES) - (3.2)% | (53,626,104) |
NET ASSETS - 100.0% | 1,679,260,893 |
(a) | Non-income producing |
(b) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,713,055 or 0.1% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 5,552,227 | 121,973,334 | 125,088,419 | 71,976 | - | - | 2,437,142 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 58,002,499 | 390,278,031 | 395,595,681 | 52,143 | - | - | 52,684,849 | 0.2% |
Total | 63,554,726 | 512,251,365 | 520,684,100 | 124,119 | - | - | 55,121,991 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 1,677,765,006 | 1,677,765,006 | - | - |
Money Market Funds | 55,121,991 | 55,121,991 | - | - |
Total Investments in Securities: | 1,732,886,997 | 1,732,886,997 | - | - |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $50,630,106) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,024,251,116) | $ | 1,677,765,006 | ||
Fidelity Central Funds (cost $55,121,991) | 55,121,991 | |||
Total Investment in Securities (cost $1,079,373,107) | $ | 1,732,886,997 | ||
Receivable for investments sold | 2,986,182 | |||
Receivable for fund shares sold | 2,816,876 | |||
Dividends receivable | 182,293 | |||
Distributions receivable from Fidelity Central Funds | 16,254 | |||
Prepaid expenses | 3,388 | |||
Other receivables | 125,702 | |||
Total assets | 1,739,017,692 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,946,691 | ||
Payable for fund shares redeemed | 2,817,796 | |||
Distributions payable | 3,012 | |||
Accrued management fee | 721,189 | |||
Distribution and service plan fees payable | 235,279 | |||
Other affiliated payables | 237,101 | |||
Other payables and accrued expenses | 111,206 | |||
Collateral on securities loaned | 52,684,525 | |||
Total Liabilities | 59,756,799 | |||
Net Assets | $ | 1,679,260,893 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,322,274,323 | ||
Total accumulated earnings (loss) | 356,986,570 | |||
Net Assets | $ | 1,679,260,893 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($437,344,323 ÷ 9,720,994 shares) (a) | $ | 44.99 | ||
Maximum offering price per share (100/94.25 of $44.99) | $ | 47.73 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($125,564,398 ÷ 2,713,577 shares) (a) | $ | 46.27 | ||
Maximum offering price per share (100/96.50 of $46.27) | $ | 47.95 | ||
Class C : | ||||
Net Asset Value and offering price per share ($115,689,492 ÷ 2,811,440 shares) (a) | $ | 41.15 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($657,472,320 ÷ 13,793,300 shares) | $ | 47.67 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($343,190,360 ÷ 7,215,711 shares) | $ | 47.56 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 26,753,675 | ||
Income from Fidelity Central Funds (including $52,143 from security lending) | 124,119 | |||
Total Income | 26,877,794 | |||
Expenses | ||||
Management fee | $ | 4,017,072 | ||
Transfer agent fees | 1,126,639 | |||
Distribution and service plan fees | 1,343,195 | |||
Accounting fees | 211,324 | |||
Custodian fees and expenses | 11,700 | |||
Independent trustees' fees and expenses | 2,556 | |||
Registration fees | 111,627 | |||
Audit | 26,957 | |||
Legal | 1,728 | |||
Interest | 2,749 | |||
Miscellaneous | 4,454 | |||
Total expenses before reductions | 6,860,001 | |||
Expense reductions | (28,969) | |||
Total expenses after reductions | 6,831,032 | |||
Net Investment income (loss) | 20,046,762 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 31,370,399 | |||
Foreign currency transactions | (30,407) | |||
Total net realized gain (loss) | 31,339,992 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 174,789,416 | |||
Assets and liabilities in foreign currencies | (1,245) | |||
Total change in net unrealized appreciation (depreciation) | 174,788,171 | |||
Net gain (loss) | 206,128,163 | |||
Net increase (decrease) in net assets resulting from operations | $ | 226,174,925 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 20,046,762 | $ | 24,482,840 |
Net realized gain (loss) | 31,339,992 | 12,411,332 | ||
Change in net unrealized appreciation (depreciation) | 174,788,171 | 401,011,911 | ||
Net increase (decrease) in net assets resulting from operations | 226,174,925 | 437,906,083 | ||
Distributions to shareholders | (33,437,833) | (14,774,337) | ||
Share transactions - net increase (decrease) | 108,933,840 | 401,499,038 | ||
Total increase (decrease) in net assets | 301,670,932 | 824,630,784 | ||
Net Assets | ||||
Beginning of period | 1,377,589,961 | 552,959,177 | ||
End of period | $ | 1,679,260,893 | $ | 1,377,589,961 |
Fidelity Advisor® Energy Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.49 | $ | 23.59 | $ | 16.59 | $ | 27.88 | $ | 37.52 | $ | 30.70 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .53 | .80 | .65 C | .57 | .35 | .12 | ||||||
Net realized and unrealized gain (loss) | 5.87 | 15.68 | 6.94 | (11.42) | (9.76) | 7.18 | ||||||
Total from investment operations | 6.40 | 16.48 | 7.59 | (10.85) | (9.41) | 7.30 | ||||||
Distributions from net investment income | (.90) | (.58) | (.59) | (.44) | (.18) D | (.48) | ||||||
Distributions from net realized gain | - | - | - | - | (.05) D | - E | ||||||
Total distributions | (.90) | (.58) | (.59) | (.44) | (.23) | (.48) | ||||||
Net asset value, end of period | $ | 44.99 | $ | 39.49 | $ | 23.59 | $ | 16.59 | $ | 27.88 | $ | 37.52 |
Total Return F,G,H | 16.41% | 71.12% | 46.78% | (39.54)% | (25.07)% | 24.07% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.01% K | 1.05% | 1.11% | 1.14% | 1.10% | 1.11% | ||||||
Expenses net of fee waivers, if any | 1.01% K | 1.04% | 1.11% | 1.14% | 1.10% | 1.11% | ||||||
Expenses net of all reductions | 1.01% K | 1.04% | 1.11% | 1.12% | 1.09% | 1.10% | ||||||
Net investment income (loss) | 2.53% K | 2.43% | 3.15% C | 2.62% | 1.14% | .36% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 437,344 | $ | 361,023 | $ | 175,221 | $ | 114,321 | $ | 190,992 | $ | 278,555 |
Portfolio turnover rate L | 18% K | 37% | 45% | 84% M | 47% | 56% |
Fidelity Advisor® Energy Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 40.53 | $ | 24.20 | $ | 17.00 | $ | 28.53 | $ | 38.36 | $ | 31.37 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .49 | .73 | .60 C | .53 | .27 | .03 | ||||||
Net realized and unrealized gain (loss) | 6.02 | 16.11 | 7.13 | (11.71) | (9.97) | 7.35 | ||||||
Total from investment operations | 6.51 | 16.84 | 7.73 | (11.18) | (9.70) | 7.38 | ||||||
Distributions from net investment income | (.77) | (.51) | (.53) | (.35) | (.08) D | (.39) | ||||||
Distributions from net realized gain | - | - | - | - | (.05) D | - E | ||||||
Total distributions | (.77) | (.51) | (.53) | (.35) | (.13) | (.39) | ||||||
Net asset value, end of period | $ | 46.27 | $ | 40.53 | $ | 24.20 | $ | 17.00 | $ | 28.53 | $ | 38.36 |
Total Return F,G,H | 16.24% | 70.66% | 46.37% | (39.66)% | (25.28)% | 23.75% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.27% K | 1.31% | 1.38% | 1.40% | 1.37% | 1.38% | ||||||
Expenses net of fee waivers, if any | 1.27% K | 1.31% | 1.38% | 1.40% | 1.36% | 1.38% | ||||||
Expenses net of all reductions | 1.27% K | 1.31% | 1.38% | 1.38% | 1.36% | 1.37% | ||||||
Net investment income (loss) | 2.27% K | 2.16% | 2.88% C | 2.36% | .88% | .09% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 125,564 | $ | 114,014 | $ | 62,519 | $ | 43,768 | $ | 87,147 | $ | 136,828 |
Portfolio turnover rate L | 18% K | 37% | 45% | 84% M | 47% | 56% |
Fidelity Advisor® Energy Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.08 | $ | 21.60 | $ | 15.23 | $ | 25.58 | $ | 34.39 | $ | 28.16 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .34 | .51 | .45 C | .39 | .12 | (.11) | ||||||
Net realized and unrealized gain (loss) | 5.37 | 14.38 | 6.38 | (10.52) | (8.93) | 6.59 | ||||||
Total from investment operations | 5.71 | 14.89 | 6.83 | (10.13) | (8.81) | 6.48 | ||||||
Distributions from net investment income | (.64) | (.41) | (.46) | (.22) | - | (.24) | ||||||
Distributions from net realized gain | - | - | - | - | - | - D | ||||||
Total distributions | (.64) | (.41) | (.46) | (.22) | - | (.25) E | ||||||
Net asset value, end of period | $ | 41.15 | $ | 36.08 | $ | 21.60 | $ | 15.23 | $ | 25.58 | $ | 34.39 |
Total Return F,G,H | 15.99% | 69.86% | 45.68% | (39.95)% | (25.62)% | 23.16% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.76% K | 1.79% | 1.84% | 1.86% | 1.82% | 1.84% | ||||||
Expenses net of fee waivers, if any | 1.76% K | 1.78% | 1.84% | 1.86% | 1.82% | 1.83% | ||||||
Expenses net of all reductions | 1.76% K | 1.78% | 1.84% | 1.84% | 1.81% | 1.83% | ||||||
Net investment income (loss) | 1.78% K | 1.69% | 2.42% C | 1.90% | .42% | (.37)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 115,689 | $ | 105,747 | $ | 56,068 | $ | 45,212 | $ | 90,437 | $ | 179,521 |
Portfolio turnover rate L | 18% K | 37% | 45% | 84% M | 47% | 56% |
Fidelity Advisor® Energy Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 41.83 | $ | 24.95 | $ | 17.51 | $ | 29.39 | $ | 39.57 | $ | 32.36 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .63 | .97 | .74 C | .67 | .47 | .23 | ||||||
Net realized and unrealized gain (loss) | 6.21 | 16.57 | 7.35 | (12.02) | (10.31) | 7.57 | ||||||
Total from investment operations | 6.84 | 17.54 | 8.09 | (11.35) | (9.84) | 7.80 | ||||||
Distributions from net investment income | (1.00) | (.66) | (.65) | (.53) | (.30) D | (.58) | ||||||
Distributions from net realized gain | - | - | - | - | (.05) D | - E | ||||||
Total distributions | (1.00) | (.66) | (.65) | (.53) | (.34) F | (.59) F | ||||||
Net asset value, end of period | $ | 47.67 | $ | 41.83 | $ | 24.95 | $ | 17.51 | $ | 29.39 | $ | 39.57 |
Total Return G,H | 16.57% | 71.63% | 47.26% | (39.33)% | (24.85)% | 24.43% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .74% K | .76% | .79% | .82% | .80% | .83% | ||||||
Expenses net of fee waivers, if any | .74% K | .76% | .79% | .82% | .80% | .83% | ||||||
Expenses net of all reductions | .74% K | .76% | .79% | .80% | .79% | .82% | ||||||
Net investment income (loss) | 2.80% K | 2.71% | 3.47% C | 2.95% | 1.44% | .64% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 657,472 | $ | 533,005 | $ | 177,248 | $ | 154,575 | $ | 224,599 | $ | 373,714 |
Portfolio turnover rate L | 18% K | 37% | 45% | 84% M | 47% | 56% |
Fidelity Advisor® Energy Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 41.75 | $ | 24.91 | $ | 17.48 | $ | 29.35 | $ | 39.35 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .65 | 1.02 | .80 D | .69 | .45 | |||||
Net realized and unrealized gain (loss) | 6.20 | 16.52 | 7.30 | (11.97) | (10.03) | |||||
Total from investment operations | 6.85 | 17.54 | 8.10 | (11.28) | (9.58) | |||||
Distributions from net investment income | (1.04) | (.70) | (.67) | (.59) | (.37) E | |||||
Distributions from net realized gain | - | - | - | - | (.05) E | |||||
Total distributions | (1.04) | (.70) | (.67) | (.59) | (.42) | |||||
Net asset value, end of period | $ | 47.56 | $ | 41.75 | $ | 24.91 | $ | 17.48 | $ | 29.35 |
Total Return F,G | 16.64% | 71.83% | 47.47% | (39.22)% | (24.34)% | |||||
Ratios to Average Net Assets C,H,I | ||||||||||
Expenses before reductions | .62% J | .63% | .65% | .66% | .65% J | |||||
Expenses net of fee waivers, if any | .62% J | .62% | .64% | .66% | .64% J | |||||
Expenses net of all reductions | .62% J | .62% | .64% | .64% | .64% J | |||||
Net investment income (loss) | 2.92% J | 2.85% | 3.62% D | 3.10% | 1.82% J | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 343,190 | $ | 263,802 | $ | 81,903 | $ | 40,742 | $ | 9,255 |
Portfolio turnover rate K | 18% J | 37% | 45% | 84% L | 47% |
Top Holdings (% of Fund's net assets) | ||
Wells Fargo & Co. | 5.2 | |
Bank of America Corp. | 5.2 | |
JPMorgan Chase & Co. | 4.6 | |
Morgan Stanley | 3.7 | |
Chubb Ltd. | 3.4 | |
Citigroup, Inc. | 3.3 | |
State Street Corp. | 3.3 | |
U.S. Bancorp | 3.0 | |
Marsh & McLennan Companies, Inc. | 2.9 | |
Reinsurance Group of America, Inc. | 2.8 | |
37.4 | ||
Industries (% of Fund's net assets) | ||
Banks | 38.3 | |
Insurance | 26.6 | |
Capital Markets | 19.3 | |
Consumer Finance | 4.7 | |
IT Services | 3.7 | |
Thrifts & Mortgage Finance | 3.3 | |
Diversified Financial Services | 2.8 | |
Professional Services | 0.9 | |
Software | 0.4 | |
Geographic Diversification (% of Fund's net assets) |
![]() |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.5% | |||
Shares | Value ($) | ||
Banks - 38.3% | |||
Diversified Banks - 21.3% | |||
Bank of America Corp. | 855,556 | 30,355,127 | |
Citigroup, Inc. | 371,405 | 19,394,769 | |
JPMorgan Chase & Co. | 195,700 | 27,390,172 | |
U.S. Bancorp | 359,800 | 17,918,040 | |
Wells Fargo & Co. | 659,328 | 30,902,702 | |
125,960,810 | |||
Regional Banks - 17.0% | |||
Associated Banc-Corp. | 212,400 | 4,759,884 | |
BankUnited, Inc. | 78,100 | 2,939,684 | |
Cadence Bank | 162,524 | 4,157,364 | |
Comerica, Inc. | 55,400 | 4,061,374 | |
East West Bancorp, Inc. | 86,400 | 6,784,128 | |
First Citizens Bancshares, Inc. | 10,300 | 8,010,104 | |
First Interstate Bancsystem, Inc. | 131,752 | 4,727,262 | |
Heartland Financial U.S.A., Inc. | 84,828 | 4,196,441 | |
KeyCorp | 447,000 | 8,577,930 | |
M&T Bank Corp. | 81,888 | 12,774,528 | |
PacWest Bancorp | 115,700 | 3,200,262 | |
Popular, Inc. | 93,071 | 6,388,393 | |
Signature Bank | 46,200 | 5,957,490 | |
Truist Financial Corp. | 226,100 | 11,167,079 | |
UMB Financial Corp. | 39,500 | 3,562,505 | |
Wintrust Financial Corp. | 50,466 | 4,616,125 | |
Zions Bancorp NA | 80,400 | 4,274,064 | |
100,154,617 | |||
TOTAL BANKS | 226,115,427 | ||
Capital Markets - 19.3% | |||
Asset Management & Custody Banks - 9.3% | |||
Affiliated Managers Group, Inc. | 26,404 | 4,561,027 | |
Bank of New York Mellon Corp. | 180,200 | 9,112,714 | |
Brookfield Asset Management Ltd. Class A (a) | 26,175 | 854,614 | |
Brookfield Corp. Class A | 104,700 | 3,894,840 | |
Carlyle Group LP | 253,800 | 9,129,186 | |
Northern Trust Corp. | 40,400 | 3,917,588 | |
Patria Investments Ltd. | 281,300 | 4,340,459 | |
Phoenix Vega Mezz PLC | 192,600 | 8,187 | |
State Street Corp. | 212,200 | 19,380,226 | |
55,198,841 | |||
Financial Exchanges & Data - 3.5% | |||
Bolsa Mexicana de Valores S.A.B. de CV | 1,795,500 | 3,894,120 | |
Cboe Global Markets, Inc. | 23,473 | 2,884,362 | |
CME Group, Inc. | 78,400 | 13,850,144 | |
20,628,626 | |||
Investment Banking & Brokerage - 6.5% | |||
Lazard Ltd. Class A | 120,052 | 4,811,684 | |
Morgan Stanley | 220,100 | 21,422,333 | |
Raymond James Financial, Inc. | 74,050 | 8,350,619 | |
Virtu Financial, Inc. Class A | 184,860 | 3,569,647 | |
38,154,283 | |||
TOTAL CAPITAL MARKETS | 113,981,750 | ||
Consumer Finance - 4.7% | |||
Consumer Finance - 4.7% | |||
Capital One Financial Corp. | 128,438 | 15,284,122 | |
FirstCash Holdings, Inc. | 73,851 | 6,807,585 | |
OneMain Holdings, Inc. | 126,100 | 5,439,954 | |
27,531,661 | |||
Diversified Financial Services - 2.8% | |||
Multi-Sector Holdings - 0.8% | |||
Cannae Holdings, Inc. (a) | 206,440 | 5,045,394 | |
Other Diversified Financial Services - 2.0% | |||
Apollo Global Management, Inc. | 166,400 | 11,777,792 | |
Sunrisemezz Ltd. (a) | 45,000 | 5,513 | |
11,783,305 | |||
TOTAL DIVERSIFIED FINANCIAL SERVICES | 16,828,699 | ||
Insurance - 26.6% | |||
Insurance Brokers - 4.8% | |||
Arthur J. Gallagher & Co. | 58,900 | 11,527,908 | |
Marsh & McLennan Companies, Inc. | 97,200 | 17,001,252 | |
28,529,160 | |||
Life & Health Insurance - 2.9% | |||
Globe Life, Inc. | 93,027 | 11,242,313 | |
Primerica, Inc. | 35,300 | 5,709,775 | |
16,952,088 | |||
Multi-Line Insurance - 1.8% | |||
Assurant, Inc. | 200 | 26,518 | |
Hartford Financial Services Group, Inc. | 137,400 | 10,663,614 | |
10,690,132 | |||
Property & Casualty Insurance - 14.3% | |||
American Financial Group, Inc. | 48,400 | 6,901,356 | |
Beazley PLC | 737,300 | 6,044,719 | |
Chubb Ltd. | 88,300 | 20,087,367 | |
Direct Line Insurance Group PLC | 2,035,800 | 4,453,704 | |
Fidelity National Financial, Inc. | 176,700 | 7,780,101 | |
First American Financial Corp. | 155,819 | 9,640,522 | |
Hiscox Ltd. | 466,600 | 6,468,662 | |
Lancashire Holdings Ltd. | 594,800 | 4,583,120 | |
Selective Insurance Group, Inc. | 44,446 | 4,222,370 | |
The Travelers Companies, Inc. | 76,303 | 14,583,029 | |
84,764,950 | |||
Reinsurance - 2.8% | |||
Reinsurance Group of America, Inc. | 108,700 | 16,497,399 | |
TOTAL INSURANCE | 157,433,729 | ||
IT Services - 3.2% | |||
Data Processing & Outsourced Services - 3.2% | |||
Fidelity National Information Services, Inc. | 27,400 | 2,056,096 | |
Global Payments, Inc. | 63,500 | 7,157,720 | |
MasterCard, Inc. Class A | 26,500 | 9,820,900 | |
19,034,716 | |||
Professional Services - 0.9% | |||
Research & Consulting Services - 0.9% | |||
Dun & Bradstreet Holdings, Inc. | 198,700 | 2,910,955 | |
Equifax, Inc. | 11,000 | 2,444,200 | |
5,355,155 | |||
Software - 0.4% | |||
Application Software - 0.4% | |||
Black Knight, Inc. (a) | 39,300 | 2,381,187 | |
Thrifts & Mortgage Finance - 3.3% | |||
Thrifts & Mortgage Finance - 3.3% | |||
Essent Group Ltd. | 176,000 | 7,749,280 | |
NMI Holdings, Inc. (a) | 342,989 | 7,967,634 | |
Walker & Dunlop, Inc. | 36,900 | 3,519,522 | |
19,236,436 | |||
TOTAL COMMON STOCKS (Cost $493,398,399) | 587,898,760 | ||
Convertible Bonds - 0.5% | |||
Principal Amount (b) | Value ($) | ||
IT Services - 0.5% | |||
Data Processing & Outsourced Services - 0.5% | |||
Affirm Holdings, Inc. 0% 11/15/26 (Cost $3,116,255) | 4,915,000 | 3,105,789 | |
Money Market Funds - 0.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (c) (Cost $2,575,881) | 2,575,366 | 2,575,881 | |
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $499,090,535) | 593,580,430 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (2,927,783) |
NET ASSETS - 100.0% | 590,652,647 |
(a) | Non-income producing |
(b) | Amount is stated in United States dollars unless otherwise noted. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 1,162,568 | 94,971,604 | 93,558,291 | 39,916 | - | - | 2,575,881 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 4,928,049 | 38,191,452 | 43,119,501 | 3,057 | - | - | - | 0.0% |
Total | 6,090,617 | 133,163,056 | 136,677,792 | 42,973 | - | - | 2,575,881 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 587,898,760 | 587,898,760 | - | - |
Convertible Bonds | 3,105,789 | - | 3,105,789 | - |
Money Market Funds | 2,575,881 | 2,575,881 | - | - |
Total Investments in Securities: | 593,580,430 | 590,474,641 | 3,105,789 | - |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $496,514,654) | $ | 591,004,549 | ||
Fidelity Central Funds (cost $2,575,881) | 2,575,881 | |||
Total Investment in Securities (cost $499,090,535) | $ | 593,580,430 | ||
Receivable for investments sold | 872,590 | |||
Receivable for fund shares sold | 406,469 | |||
Dividends receivable | 361,348 | |||
Distributions receivable from Fidelity Central Funds | 17,310 | |||
Prepaid expenses | 1,830 | |||
Total assets | 595,239,977 | |||
Liabilities | ||||
Payable for investments purchased | $ | 3,094,007 | ||
Payable for fund shares redeemed | 1,005,074 | |||
Accrued management fee | 250,751 | |||
Distribution and service plan fees payable | 115,011 | |||
Other affiliated payables | 87,508 | |||
Other payables and accrued expenses | 34,979 | |||
Total Liabilities | 4,587,330 | |||
Net Assets | $ | 590,652,647 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 495,441,448 | ||
Total accumulated earnings (loss) | 95,211,199 | |||
Net Assets | $ | 590,652,647 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($199,435,376 ÷ 7,312,587 shares) (a) | $ | 27.27 | ||
Maximum offering price per share (100/94.25 of $27.27) | $ | 28.93 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($73,493,295 ÷ 2,728,168 shares) (a) | $ | 26.94 | ||
Maximum offering price per share (100/96.50 of $26.94) | $ | 27.92 | ||
Class C : | ||||
Net Asset Value and offering price per share ($55,639,628 ÷ 2,195,371 shares) (a) | $ | 25.34 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($135,027,467 ÷ 4,786,493 shares) | $ | 28.21 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($127,056,881 ÷ 4,516,173 shares) | $ | 28.13 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 7,606,435 | ||
Interest | 178,534 | |||
Income from Fidelity Central Funds (including $3,057 from security lending) | 42,973 | |||
Total Income | 7,827,942 | |||
Expenses | ||||
Management fee | $ | 1,411,005 | ||
Transfer agent fees | 427,539 | |||
Distribution and service plan fees | 681,389 | |||
Accounting fees | 92,676 | |||
Custodian fees and expenses | 13,053 | |||
Independent trustees' fees and expenses | 914 | |||
Registration fees | 66,678 | |||
Audit | 26,787 | |||
Legal | 575 | |||
Miscellaneous | 1,702 | |||
Total expenses before reductions | 2,722,318 | |||
Expense reductions | (10,169) | |||
Total expenses after reductions | 2,712,149 | |||
Net Investment income (loss) | 5,115,793 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 7,967,780 | |||
Foreign currency transactions | 12,859 | |||
Total net realized gain (loss) | 7,980,639 | |||
Change in net unrealized appreciation (depreciation) on investment securities | 42,670,156 | |||
Net gain (loss) | 50,650,795 | |||
Net increase (decrease) in net assets resulting from operations | $ | 55,766,588 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,115,793 | $ | 8,232,044 |
Net realized gain (loss) | 7,980,639 | 30,550,934 | ||
Change in net unrealized appreciation (depreciation) | 42,670,156 | (69,481,639) | ||
Net increase (decrease) in net assets resulting from operations | 55,766,588 | (30,698,661) | ||
Distributions to shareholders | (30,785,439) | (21,010,596) | ||
Share transactions - net increase (decrease) | 54,778,507 | 95,349,433 | ||
Total increase (decrease) in net assets | 79,759,656 | 43,640,176 | ||
Net Assets | ||||
Beginning of period | 510,892,991 | 467,252,815 | ||
End of period | $ | 590,652,647 | $ | 510,892,991 |
Fidelity Advisor® Financial Services Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.31 | $ | 28.41 | $ | 18.00 | $ | 21.47 | $ | 21.84 | $ | 19.55 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .25 | .44 | .42 | .40 | .27 | .12 | ||||||
Net realized and unrealized gain (loss) | 2.19 | (1.32) | 10.55 | (3.59) | .07 | 2.25 | ||||||
Total from investment operations | 2.44 | (.88) | 10.97 | (3.19) | .34 | 2.37 | ||||||
Distributions from net investment income | (.45) | (.43) | (.45) | (.28) | (.18) | (.07) | ||||||
Distributions from net realized gain | (1.03) | (.80) | (.11) | - | (.53) | (.01) | ||||||
Total distributions | (1.48) | (1.22) C | (.56) | (.28) | (.71) | (.08) | ||||||
Net asset value, end of period | $ | 27.27 | $ | 26.31 | $ | 28.41 | $ | 18.00 | $ | 21.47 | $ | 21.84 |
Total Return D,E,F | 9.93% | (3.40)% | 61.84% | (15.15)% | 2.05% | 12.13% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.05% I | 1.03% | 1.07% | 1.09% | 1.08% | 1.10% | ||||||
Expenses net of fee waivers, if any | 1.04% I | 1.03% | 1.07% | 1.09% | 1.07% | 1.10% | ||||||
Expenses net of all reductions | 1.04% I | 1.03% | 1.06% | 1.08% | 1.07% | 1.09% | ||||||
Net investment income (loss) | 1.89% I | 1.55% | 1.76% | 1.97% | 1.31% | .55% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 199,435 | $ | 189,413 | $ | 181,251 | $ | 104,761 | $ | 145,799 | $ | 174,786 |
Portfolio turnover rate J | 46% I | 40% | 51% | 88% K | 51% | 46% |
Fidelity Advisor® Financial Services Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.98 | $ | 28.08 | $ | 17.79 | $ | 21.23 | $ | 21.60 | $ | 19.34 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .21 | .37 | .36 | .34 | .21 | .06 | ||||||
Net realized and unrealized gain (loss) | 2.17 | (1.31) | 10.44 | (3.55) | .07 | 2.23 | ||||||
Total from investment operations | 2.38 | (.94) | 10.80 | (3.21) | .28 | 2.29 | ||||||
Distributions from net investment income | (.39) | (.37) | (.39) | (.23) | (.13) | (.02) | ||||||
Distributions from net realized gain | (1.03) | (.80) | (.11) | - | (.53) | (.01) | ||||||
Total distributions | (1.42) | (1.16) C | (.51) C | (.23) | (.65) C | (.03) | ||||||
Net asset value, end of period | $ | 26.94 | $ | 25.98 | $ | 28.08 | $ | 17.79 | $ | 21.23 | $ | 21.60 |
Total Return D,E,F | 9.79% | (3.63)% | 61.48% | (15.38)% | 1.77% | 11.84% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.29% I | 1.28% | 1.32% | 1.35% | 1.34% | 1.37% | ||||||
Expenses net of fee waivers, if any | 1.29% I | 1.28% | 1.32% | 1.35% | 1.34% | 1.37% | ||||||
Expenses net of all reductions | 1.29% I | 1.28% | 1.31% | 1.34% | 1.33% | 1.36% | ||||||
Net investment income (loss) | 1.64% I | 1.30% | 1.51% | 1.72% | 1.04% | .28% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 73,493 | $ | 69,176 | $ | 60,508 | $ | 34,828 | $ | 48,210 | $ | 53,178 |
Portfolio turnover rate J | 46% I | 40% | 51% | 88% K | 51% | 46% |
Fidelity Advisor® Financial Services Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.44 | $ | 26.48 | $ | 16.80 | $ | 20.04 | $ | 20.41 | $ | 18.34 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .21 | .22 | .23 | .11 | (.04) | ||||||
Net realized and unrealized gain (loss) | 2.04 | (1.23) | 9.85 | (3.37) | .07 | 2.11 | ||||||
Total from investment operations | 2.18 | (1.02) | 10.07 | (3.14) | .18 | 2.07 | ||||||
Distributions from net investment income | (.25) | (.23) | (.28) | (.10) | (.03) | - | ||||||
Distributions from net realized gain | (1.03) | (.80) | (.11) | - | (.53) | - | ||||||
Total distributions | (1.28) | (1.02) C | (.39) | (.10) | (.55) C | - | ||||||
Net asset value, end of period | $ | 25.34 | $ | 24.44 | $ | 26.48 | $ | 16.80 | $ | 20.04 | $ | 20.41 |
Total Return D,E,F | 9.52% | (4.13)% | 60.62% | (15.79)% | 1.29% | 11.29% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.79% I | 1.79% | 1.83% | 1.84% | 1.83% | 1.86% | ||||||
Expenses net of fee waivers, if any | 1.79% I | 1.78% | 1.82% | 1.84% | 1.82% | 1.85% | ||||||
Expenses net of all reductions | 1.79% I | 1.78% | 1.82% | 1.83% | 1.82% | 1.85% | ||||||
Net investment income (loss) | 1.14% I | .80% | 1.00% | 1.22% | .56% | (.20)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 55,640 | $ | 58,177 | $ | 57,856 | $ | 41,947 | $ | 71,609 | $ | 120,947 |
Portfolio turnover rate J | 46% I | 40% | 51% | 88% K | 51% | 46% |
Fidelity Advisor® Financial Services Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.20 | $ | 29.32 | $ | 18.55 | $ | 22.11 | $ | 22.47 | $ | 20.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .29 | .54 | .52 | .47 | .33 | .18 | ||||||
Net realized and unrealized gain (loss) | 2.27 | (1.37) | 10.86 | (3.69) | .08 | 2.32 | ||||||
Total from investment operations | 2.56 | (.83) | 11.38 | (3.22) | .41 | 2.50 | ||||||
Distributions from net investment income | (.53) | (.50) | (.50) | (.34) | (.25) | (.13) | ||||||
Distributions from net realized gain | (1.03) | (.80) | (.11) | - | (.53) | (.01) | ||||||
Total distributions | (1.55) C | (1.29) C | (.61) | (.34) | (.77) C | (.14) | ||||||
Net asset value, end of period | $ | 28.21 | $ | 27.20 | $ | 29.32 | $ | 18.55 | $ | 22.11 | $ | 22.47 |
Total Return D,E | 10.09% | (3.13)% | 62.31% | (14.91)% | 2.36% | 12.43% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .77% H | .76% | .79% | .80% | .80% | .83% | ||||||
Expenses net of fee waivers, if any | .77% H | .76% | .79% | .80% | .79% | .83% | ||||||
Expenses net of all reductions | .77% H | .76% | .78% | .78% | .79% | .82% | ||||||
Net investment income (loss) | 2.16% H | 1.82% | 2.04% | 2.27% | 1.59% | .83% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 135,027 | $ | 131,118 | $ | 118,424 | $ | 85,299 | $ | 107,059 | $ | 162,724 |
Portfolio turnover rate I | 46% H | 40% | 51% | 88% J | 51% | 46% |
Fidelity Advisor® Financial Services Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.16 | $ | 29.28 | $ | 18.53 | $ | 22.09 | $ | 21.99 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .31 | .57 | .54 | .49 | .25 | |||||
Net realized and unrealized gain (loss) | 2.25 | (1.37) | 10.86 | (3.67) | .66 | |||||
Total from investment operations | 2.56 | (.80) | 11.40 | (3.18) | .91 | |||||
Distributions from net investment income | (.57) | (.53) | (.54) | (.38) | (.29) | |||||
Distributions from net realized gain | (1.03) | (.80) | (.11) | - | (.53) | |||||
Total distributions | (1.59) D | (1.32) D | (.65) | (.38) | (.81) D | |||||
Net asset value, end of period | $ | 28.13 | $ | 27.16 | $ | 29.28 | $ | 18.53 | $ | 22.09 |
Total Return E,F | 10.14% | (3.03)% | 62.53% | (14.79)% | 4.72% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .65% I | .64% | .66% | .67% | .66% I | |||||
Expenses net of fee waivers, if any | .64% I | .63% | .66% | .67% | .65% I | |||||
Expenses net of all reductions | .64% I | .63% | .65% | .65% | .65% I | |||||
Net investment income (loss) | 2.29% I | 1.95% | 2.17% | 2.40% | 1.44% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 127,057 | $ | 63,009 | $ | 49,214 | $ | 30,790 | $ | 7,041 |
Portfolio turnover rate J | 46% I | 40% | 51% | 88% K | 51% |
Top Holdings (% of Fund's net assets) | ||
UnitedHealth Group, Inc. | 9.5 | |
Boston Scientific Corp. | 5.7 | |
Eli Lilly & Co. | 5.6 | |
Thermo Fisher Scientific, Inc. | 5.5 | |
Danaher Corp. | 4.9 | |
Penumbra, Inc. | 4.3 | |
Cigna Corp. | 4.0 | |
Regeneron Pharmaceuticals, Inc. | 3.7 | |
Insulet Corp. | 3.2 | |
Humana, Inc. | 2.9 | |
49.3 | ||
Industries (% of Fund's net assets) | ||
Health Care Providers & Services | 26.5 | |
Health Care Equipment & Supplies | 21.1 | |
Biotechnology | 20.7 | |
Life Sciences Tools & Services | 15.4 | |
Pharmaceuticals | 12.4 | |
Health Care Technology | 2.4 | |
Personal Products | 0.3 | |
Specialty Retail | 0.2 | |
Diversified Financial Services | 0.1 | |
Common Stocks - 98.0% | |||
Shares | Value ($) | ||
Biotechnology - 20.1% | |||
Biotechnology - 20.1% | |||
ADC Therapeutics SA (a) | 700,000 | 3,577,000 | |
Agios Pharmaceuticals, Inc. (a)(b) | 250,000 | 7,370,000 | |
Alnylam Pharmaceuticals, Inc. (a) | 235,000 | 53,204,000 | |
Ambrx Biopharma, Inc. ADR (a)(b) | 227,300 | 429,597 | |
Arcutis Biotherapeutics, Inc. (a) | 600,000 | 9,942,000 | |
Argenx SE ADR (a) | 340,000 | 129,965,000 | |
Ascendis Pharma A/S sponsored ADR (a) | 565,607 | 70,180,517 | |
Avidity Biosciences, Inc. (a) | 25,579 | 606,222 | |
Beam Therapeutics, Inc. (a)(b) | 280,000 | 12,166,000 | |
Blueprint Medicines Corp. (a) | 700,000 | 32,718,000 | |
Caris Life Sciences, Inc. (c)(d) | 1,098,028 | 6,148,957 | |
Celldex Therapeutics, Inc. (a) | 470,000 | 20,708,200 | |
Century Therapeutics, Inc. (a) | 600,000 | 2,742,000 | |
Cerevel Therapeutics Holdings (a) | 1,000,000 | 34,150,000 | |
Cytokinetics, Inc. (a) | 1,080,000 | 45,878,400 | |
Denali Therapeutics, Inc. (a) | 270,191 | 8,178,682 | |
Erasca, Inc. (a)(b) | 1,251,756 | 5,007,024 | |
Exact Sciences Corp. (a)(b) | 340,000 | 22,956,800 | |
Generation Bio Co. (a) | 297,443 | 1,754,914 | |
Instil Bio, Inc. (a) | 535,251 | 435,641 | |
Janux Therapeutics, Inc. (a) | 400,000 | 8,884,000 | |
Karuna Therapeutics, Inc. (a) | 165,000 | 32,899,350 | |
Keros Therapeutics, Inc. (a) | 379,269 | 22,213,785 | |
Legend Biotech Corp. ADR (a) | 1,250,000 | 63,125,000 | |
Morphic Holding, Inc. (a) | 194,100 | 6,352,893 | |
Nuvalent, Inc. Class A (a) | 256,087 | 7,746,632 | |
Poseida Therapeutics, Inc. (a) | 1,152,120 | 8,018,755 | |
PTC Therapeutics, Inc. (a) | 500,000 | 22,945,000 | |
Regeneron Pharmaceuticals, Inc. (a) | 285,000 | 216,163,950 | |
Relay Therapeutics, Inc. (a)(b) | 690,000 | 14,807,400 | |
Repligen Corp. (a)(b) | 185,000 | 34,280,500 | |
Sarepta Therapeutics, Inc. (a) | 385,000 | 48,113,450 | |
Scholar Rock Holding Corp. (a) | 93,003 | 1,125,336 | |
Seagen, Inc. (a) | 120,000 | 16,737,600 | |
Shattuck Labs, Inc. (a) | 668,725 | 2,788,583 | |
Stoke Therapeutics, Inc. (a) | 320,000 | 3,187,200 | |
uniQure B.V. (a) | 440,000 | 9,350,000 | |
Vaxcyte, Inc. (a) | 630,000 | 28,570,500 | |
Vertex Pharmaceuticals, Inc. (a) | 240,000 | 77,544,000 | |
Verve Therapeutics, Inc. (a)(b) | 180,000 | 4,095,000 | |
Xencor, Inc. (a) | 1,000,000 | 32,920,000 | |
Xenon Pharmaceuticals, Inc. (a) | 375,000 | 14,658,750 | |
Zai Lab Ltd. (a) | 4,600,000 | 19,240,911 | |
Zentalis Pharmaceuticals, Inc. (a)(b) | 850,000 | 20,060,000 | |
1,183,947,549 | |||
Health Care Equipment & Supplies - 21.1% | |||
Health Care Equipment - 20.8% | |||
Boston Scientific Corp. (a) | 7,200,000 | 333,000,000 | |
Inspire Medical Systems, Inc. (a) | 118,000 | 29,861,080 | |
Insulet Corp. (a) | 660,000 | 189,631,200 | |
Intuitive Surgical, Inc. (a) | 75,000 | 18,426,750 | |
Masimo Corp. (a) | 690,000 | 117,355,200 | |
Nevro Corp. (a) | 640,000 | 23,500,800 | |
Novocure Ltd. (a) | 339,627 | 30,967,190 | |
Outset Medical, Inc. (a) | 600,000 | 16,872,000 | |
Penumbra, Inc. (a) | 1,000,000 | 250,410,000 | |
PROCEPT BioRobotics Corp. (a) | 400,000 | 15,556,000 | |
ResMed, Inc. | 370,000 | 84,496,900 | |
Stryker Corp. | 280,000 | 71,066,800 | |
Tandem Diabetes Care, Inc. (a) | 1,040,000 | 42,369,600 | |
1,223,513,520 | |||
Health Care Supplies - 0.3% | |||
The Cooper Companies, Inc. | 45,000 | 15,701,850 | |
TOTAL HEALTH CARE EQUIPMENT & SUPPLIES | 1,239,215,370 | ||
Health Care Providers & Services - 26.5% | |||
Health Care Facilities - 2.3% | |||
Acadia Healthcare Co., Inc. (a) | 384,700 | 32,322,494 | |
HCA Holdings, Inc. | 60,000 | 15,304,200 | |
Surgery Partners, Inc. (a) | 2,550,727 | 84,684,136 | |
The Oncology Institute, Inc. (a)(c) | 1,472,782 | 2,179,717 | |
134,490,547 | |||
Health Care Services - 8.0% | |||
agilon health, Inc. (a)(b) | 6,690,000 | 145,574,400 | |
Cigna Corp. | 740,000 | 234,335,800 | |
Guardant Health, Inc. (a) | 500,000 | 15,715,000 | |
LifeStance Health Group, Inc. (a) | 2,940,255 | 15,524,546 | |
Oak Street Health, Inc. (a)(b) | 2,080,000 | 60,444,800 | |
471,594,546 | |||
Managed Health Care - 16.2% | |||
Alignment Healthcare, Inc. (a) | 2,290,700 | 28,290,145 | |
Centene Corp. (a) | 1,850,000 | 141,044,000 | |
Humana, Inc. | 330,000 | 168,861,000 | |
Molina Healthcare, Inc. (a) | 169,000 | 52,699,270 | |
UnitedHealth Group, Inc. | 1,120,000 | 559,092,800 | |
949,987,215 | |||
TOTAL HEALTH CARE PROVIDERS & SERVICES | 1,556,072,308 | ||
Health Care Technology - 2.1% | |||
Health Care Technology - 2.1% | |||
Doximity, Inc. (a)(b) | 970,000 | 34,211,900 | |
Medlive Technology Co. Ltd. (e) | 2,180,000 | 3,011,414 | |
Phreesia, Inc. (a) | 800,000 | 29,992,000 | |
Veeva Systems, Inc. Class A (a) | 325,000 | 55,428,750 | |
122,644,064 | |||
Life Sciences Tools & Services - 15.4% | |||
Life Sciences Tools & Services - 15.4% | |||
10X Genomics, Inc. (a)(b) | 210,000 | 9,834,300 | |
Bruker Corp. | 900,000 | 63,108,000 | |
Danaher Corp. | 1,100,000 | 290,818,000 | |
IQVIA Holdings, Inc. (a) | 415,000 | 95,205,150 | |
Lonza Group AG | 69,000 | 39,360,468 | |
Olink Holding AB ADR (a) | 768,800 | 15,053,104 | |
Sartorius Stedim Biotech | 40,000 | 13,867,685 | |
Seer, Inc. (a) | 480,430 | 2,185,957 | |
Thermo Fisher Scientific, Inc. | 570,000 | 325,088,100 | |
West Pharmaceutical Services, Inc. | 190,000 | 50,464,000 | |
904,984,764 | |||
Personal Products - 0.3% | |||
Personal Products - 0.3% | |||
The Beauty Health Co. (a)(b) | 522,877 | 5,960,798 | |
The Beauty Health Co. (a)(c) | 1,000,000 | 11,400,000 | |
17,360,798 | |||
Pharmaceuticals - 12.3% | |||
Pharmaceuticals - 12.3% | |||
Arvinas Holding Co. LLC (a) | 470,000 | 15,401,900 | |
AstraZeneca PLC (United Kingdom) | 1,000,000 | 131,012,545 | |
Eli Lilly & Co. | 960,000 | 330,384,000 | |
Pharvaris BV (a) | 400,000 | 3,600,000 | |
Roche Holding AG (participation certificate) | 180,000 | 56,190,672 | |
Royalty Pharma PLC | 3,802,200 | 149,008,218 | |
UCB SA | 425,000 | 34,828,481 | |
Verona Pharma PLC ADR (a) | 280,000 | 6,171,200 | |
726,597,016 | |||
Specialty Retail - 0.2% | |||
Specialty Stores - 0.2% | |||
Warby Parker, Inc. (a)(b) | 870,000 | 14,050,500 | |
TOTAL COMMON STOCKS (Cost $3,956,122,084) | 5,764,872,369 | ||
Preferred Stocks - 1.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 1.0% | |||
Biotechnology - 0.6% | |||
Biotechnology - 0.6% | |||
Asimov, Inc. Series B (a)(c)(d) | 67,547 | 3,958,254 | |
Caris Life Sciences, Inc. Series D (a)(c)(d) | 2,082,481 | 11,661,894 | |
Cleerly, Inc. Series C (c)(d) | 882,089 | 10,320,441 | |
Element Biosciences, Inc. Series C (a)(c)(d) | 376,690 | 6,196,551 | |
ElevateBio LLC Series C (a)(c)(d) | 163,300 | 596,045 | |
Inscripta, Inc. Series E (a)(c)(d) | 826,424 | 3,727,172 | |
36,460,357 | |||
Health Care Providers & Services - 0.0% | |||
Health Care Services - 0.0% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(c)(d) | 236,142 | 2,592,839 | |
Health Care Technology - 0.3% | |||
Health Care Technology - 0.3% | |||
Aledade, Inc.: | |||
Series B1(a)(c)(d) | 130,618 | 6,601,434 | |
Series E1(c)(d) | 46,526 | 2,351,424 | |
Omada Health, Inc. Series E (a)(c)(d) | 1,456,953 | 4,662,250 | |
Wugen, Inc. Series B (a)(c)(d) | 300,054 | 1,566,282 | |
15,181,390 | |||
Pharmaceuticals - 0.1% | |||
Pharmaceuticals - 0.1% | |||
Aristea Therapeutics, Inc. Series B (a)(c)(d) | 638,900 | 3,520,339 | |
Galvanize Therapeutics Series B (c)(d) | 2,552,870 | 4,339,879 | |
7,860,218 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 62,094,804 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Diversified Financial Services - 0.1% | |||
Other Diversified Financial Services - 0.1% | |||
Thriveworks TopCo LLC Series B (a)(c)(d)(f) | 327,591 | 5,424,907 | |
TOTAL PREFERRED STOCKS (Cost $88,348,047) | 67,519,711 | ||
Money Market Funds - 6.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (g) | 56,668,892 | 56,680,226 | |
Fidelity Securities Lending Cash Central Fund 4.38% (g)(h) | 294,572,942 | 294,602,399 | |
TOTAL MONEY MARKET FUNDS (Cost $351,282,625) | 351,282,625 | ||
TOTAL INVESTMENT IN SECURITIES - 105.1% (Cost $4,395,752,756) | 6,183,674,705 |
NET OTHER ASSETS (LIABILITIES) - (5.1)% | (302,300,934) |
NET ASSETS - 100.0% | 5,881,373,771 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $87,248,385 or 1.5% of net assets. |
(d) | Level 3 security |
(e) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,011,414 or 0.1% of net assets. |
(f) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Aledade, Inc. Series B1 | 5/07/21 | 5,001,455 |
Aledade, Inc. Series E1 | 5/20/22 | 2,317,665 |
Aristea Therapeutics, Inc. Series B | 10/06/20 | 3,522,703 |
Asimov, Inc. Series B | 10/29/21 | 6,260,303 |
Caris Life Sciences, Inc. | 10/06/22 | 6,148,957 |
Caris Life Sciences, Inc. Series D | 5/11/21 | 16,868,096 |
Cleerly, Inc. Series C | 7/08/22 | 10,391,538 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 3,353,960 |
Element Biosciences, Inc. Series C | 6/21/21 | 7,743,503 |
ElevateBio LLC Series C | 3/09/21 | 685,044 |
Galvanize Therapeutics Series B | 3/29/22 | 4,419,746 |
Inscripta, Inc. Series E | 3/30/21 | 7,297,324 |
Omada Health, Inc. Series E | 12/22/21 | 8,734,725 |
The Beauty Health Co. | 12/08/20 | 10,000,000 |
The Oncology Institute, Inc. | 6/28/21 | 14,727,820 |
Thriveworks TopCo LLC Series B | 7/23/21 - 2/25/22 | 9,402,913 |
Wugen, Inc. Series B | 7/09/21 | 2,326,889 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 37,778,923 | 449,812,807 | 430,911,504 | 609,983 | - | - | 56,680,226 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.38% | 346,068,627 | 782,684,048 | 834,150,276 | 337,679 | - | - | 294,602,399 | 1.0% |
Total | 383,847,550 | 1,232,496,855 | 1,265,061,780 | 947,662 | - | - | 351,282,625 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 5,764,872,369 | 5,509,907,402 | 248,816,010 | 6,148,957 |
Preferred Stocks | 67,519,711 | - | - | 67,519,711 |
Money Market Funds | 351,282,625 | 351,282,625 | - | - |
Total Investments in Securities: | 6,183,674,705 | 5,861,190,027 | 248,816,010 | 73,668,668 |
Investments in Securities: | |||
Preferred Stocks | |||
Beginning Balance | $ | 73,588,926 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (6,069,365) | ||
Cost of Purchases | 150 | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 67,519,711 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2023 | $ | (6,069,365) | |
Other Investments in Securities | |||
Beginning Balance | $ | - | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | - | ||
Cost of Purchases | 6,148,957 | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 6,148,957 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2023 | $ | - | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $298,108,794) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,044,470,131) | $ | 5,832,392,080 | ||
Fidelity Central Funds (cost $351,282,625) | 351,282,625 | |||
Total Investment in Securities (cost $4,395,752,756) | $ | 6,183,674,705 | ||
Cash | 74,965 | |||
Foreign currency held at value (cost $4,770,608) | 4,770,608 | |||
Receivable for investments sold | 22,594,381 | |||
Receivable for fund shares sold | 4,012,815 | |||
Dividends receivable | 744,273 | |||
Distributions receivable from Fidelity Central Funds | 303,478 | |||
Prepaid expenses | 12,770 | |||
Total assets | 6,216,187,995 | |||
Liabilities | ||||
Payable for investments purchased | $ | 26,817,752 | ||
Payable for fund shares redeemed | 9,150,159 | |||
Accrued management fee | 2,551,150 | |||
Distribution and service plan fees payable | 823,277 | |||
Other affiliated payables | 831,078 | |||
Other payables and accrued expenses | 40,286 | |||
Collateral on securities loaned | 294,600,522 | |||
Total Liabilities | 334,814,224 | |||
Net Assets | $ | 5,881,373,771 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 4,242,061,693 | ||
Total accumulated earnings (loss) | 1,639,312,078 | |||
Net Assets | $ | 5,881,373,771 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($1,527,652,675 ÷ 25,768,711 shares) (a) | $ | 59.28 | ||
Maximum offering price per share (100/94.25 of $59.28) | $ | 62.90 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($327,957,033 ÷ 6,046,091 shares) (a) | $ | 54.24 | ||
Maximum offering price per share (100/96.50 of $54.24) | $ | 56.21 | ||
Class C : | ||||
Net Asset Value and offering price per share ($451,452,169 ÷ 10,236,878 shares) (a) | $ | 44.10 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($2,732,280,999 ÷ 41,526,030 shares) | $ | 65.80 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($842,030,895 ÷ 12,769,134 shares) | $ | 65.94 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 13,150,741 | ||
Income from Fidelity Central Funds (including $337,679 from security lending) | 947,662 | |||
Total Income | 14,098,403 | |||
Expenses | ||||
Management fee | $ | 15,260,761 | ||
Transfer agent fees | 4,500,290 | |||
Distribution and service plan fees | 5,005,789 | |||
Accounting fees | 495,404 | |||
Custodian fees and expenses | 33,427 | |||
Independent trustees' fees and expenses | 10,102 | |||
Registration fees | 123,348 | |||
Audit | 28,906 | |||
Legal | 5,058 | |||
Miscellaneous | 19,922 | |||
Total expenses before reductions | 25,483,007 | |||
Expense reductions | (111,889) | |||
Total expenses after reductions | 25,371,118 | |||
Net Investment income (loss) | (11,272,715) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (34,996,905) | |||
Foreign currency transactions | (86,771) | |||
Total net realized gain (loss) | (35,083,676) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 219,343,467 | |||
Assets and liabilities in foreign currencies | 62,990 | |||
Total change in net unrealized appreciation (depreciation) | 219,406,457 | |||
Net gain (loss) | 184,322,781 | |||
Net increase (decrease) in net assets resulting from operations | $ | 173,050,066 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (11,272,715) | $ | (21,390,615) |
Net realized gain (loss) | (35,083,676) | 27,533,492 | ||
Change in net unrealized appreciation (depreciation) | 219,406,457 | (866,631,680) | ||
Net increase (decrease) in net assets resulting from operations | 173,050,066 | (860,488,803) | ||
Distributions to shareholders | - | (421,462,568) | ||
Share transactions - net increase (decrease) | (173,169,812) | (34,838,590) | ||
Total increase (decrease) in net assets | (119,746) | (1,316,789,961) | ||
Net Assets | ||||
Beginning of period | 5,881,493,517 | 7,198,283,478 | ||
End of period | $ | 5,881,373,771 | $ | 5,881,493,517 |
Fidelity Advisor® Health Care Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 57.59 | $ | 69.58 | $ | 61.07 | $ | 49.21 | $ | 50.14 | $ | 41.85 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.14) | (.26) | (.26) | (.04) | (.07) | (.07) | ||||||
Net realized and unrealized gain (loss) | 1.83 | (7.58) | 12.55 | 12.08 | 1.36 | 8.36 | ||||||
Total from investment operations | 1.69 | (7.84) | 12.29 | 12.04 | 1.29 | 8.29 | ||||||
Distributions from net investment income | - | - | (.16) | - | - | - | ||||||
Distributions from net realized gain | - | (4.15) | (3.62) | (.18) | (2.22) | - | ||||||
Total distributions | - | (4.15) | (3.78) | (.18) | (2.22) | - | ||||||
Net asset value, end of period | $ | 59.28 | $ | 57.59 | $ | 69.58 | $ | 61.07 | $ | 49.21 | $ | 50.14 |
Total Return C,D,E | 2.93% | (11.90)% | 20.70% | 24.50% | 2.87% | 19.81% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .98% H | .97% | .98% | 1.01% | 1.02% | 1.05% | ||||||
Expenses net of fee waivers, if any | .98% H | .97% | .98% | 1.00% | 1.02% | 1.05% | ||||||
Expenses net of all reductions | .98% H | .97% | .98% | 1.00% | 1.02% | 1.04% | ||||||
Net investment income (loss) | (.49)% H | (.42)% | (.39)% | (.07)% | (.14)% | (.16)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,527,653 | $ | 1,488,238 | $ | 1,735,235 | $ | 1,372,082 | $ | 1,121,411 | $ | 1,003,430 |
Portfolio turnover rate I | 42% H | 33% | 38% | 53% J | 45% | 81% |
Fidelity Advisor® Health Care Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 52.76 | $ | 64.25 | $ | 56.62 | $ | 45.75 | $ | 46.89 | $ | 39.25 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.19) | (.38) | (.39) | (.16) | (.18) | (.18) | ||||||
Net realized and unrealized gain (loss) | 1.67 | (6.96) | 11.61 | 11.21 | 1.26 | 7.82 | ||||||
Total from investment operations | 1.48 | (7.34) | 11.22 | 11.05 | 1.08 | 7.64 | ||||||
Distributions from net investment income | - | - | (.02) | - | - | - | ||||||
Distributions from net realized gain | - | (4.15) | (3.57) | (.18) | (2.22) | - | ||||||
Total distributions | - | (4.15) | (3.59) | (.18) | (2.22) | - | ||||||
Net asset value, end of period | $ | 54.24 | $ | 52.76 | $ | 64.25 | $ | 56.62 | $ | 45.75 | $ | 46.89 |
Total Return C,D,E | 2.81% | (12.12)% | 20.39% | 24.19% | 2.61% | 19.46% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.23% H | 1.22% | 1.23% | 1.26% | 1.28% | 1.32% | ||||||
Expenses net of fee waivers, if any | 1.23% H | 1.22% | 1.23% | 1.26% | 1.28% | 1.32% | ||||||
Expenses net of all reductions | 1.23% H | 1.22% | 1.23% | 1.26% | 1.28% | 1.31% | ||||||
Net investment income (loss) | (.74)% H | (.67)% | (.65)% | (.33)% | (.40)% | (.43)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 327,957 | $ | 330,452 | $ | 402,175 | $ | 349,280 | $ | 306,758 | $ | 298,061 |
Portfolio turnover rate I | 42% H | 33% | 38% | 53% J | 45% | 81% |
Fidelity Advisor® Health Care Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 43.00 | $ | 53.40 | $ | 47.63 | $ | 38.70 | $ | 40.21 | $ | 33.82 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.27) | (.55) | (.58) | (.34) | (.34) | (.33) | ||||||
Net realized and unrealized gain (loss) | 1.37 | (5.70) | 9.71 | 9.45 | 1.05 | 6.72 | ||||||
Total from investment operations | 1.10 | (6.25) | 9.13 | 9.11 | .71 | 6.39 | ||||||
Distributions from net realized gain | - | (4.15) | (3.36) | (.18) | (2.22) | - | ||||||
Total distributions | - | (4.15) | (3.36) | (.18) | (2.22) | - | ||||||
Net asset value, end of period | $ | 44.10 | $ | 43.00 | $ | 53.40 | $ | 47.63 | $ | 38.70 | $ | 40.21 |
Total Return C,D,E | 2.56% | (12.56)% | 19.78% | 23.58% | 2.10% | 18.89% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.73% H | 1.72% | 1.73% | 1.76% | 1.77% | 1.80% | ||||||
Expenses net of fee waivers, if any | 1.73% H | 1.72% | 1.73% | 1.76% | 1.77% | 1.80% | ||||||
Expenses net of all reductions | 1.73% H | 1.72% | 1.73% | 1.75% | 1.77% | 1.79% | ||||||
Net investment income (loss) | (1.24)% H | (1.17)% | (1.15)% | (.82)% | (.88)% | (.91)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 451,452 | $ | 501,742 | $ | 697,626 | $ | 654,487 | $ | 585,093 | $ | 669,639 |
Portfolio turnover rate I | 42% H | 33% | 38% | 53% J | 45% | 81% |
Fidelity Advisor® Health Care Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 63.83 | $ | 76.48 | $ | 66.81 | $ | 53.77 | $ | 54.43 | $ | 45.35 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.07) | (.11) | (.10) | .11 | .07 | .05 | ||||||
Net realized and unrealized gain (loss) | 2.04 | (8.39) | 13.76 | 13.22 | 1.49 | 9.06 | ||||||
Total from investment operations | 1.97 | (8.50) | 13.66 | 13.33 | 1.56 | 9.11 | ||||||
Distributions from net investment income | - | - | (.30) | - | - | - | ||||||
Distributions from net realized gain | - | (4.15) | (3.69) | (.29) | (2.22) | (.03) | ||||||
Total distributions | - | (4.15) | (3.99) | (.29) | (2.22) | (.03) | ||||||
Net asset value, end of period | $ | 65.80 | $ | 63.83 | $ | 76.48 | $ | 66.81 | $ | 53.77 | $ | 54.43 |
Total Return C,D | 3.09% | (11.68)% | 21.01% | 24.84% | 3.14% | 20.09% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .72% G | .71% | .72% | .74% | .76% | .79% | ||||||
Expenses net of fee waivers, if any | .72% G | .71% | .72% | .74% | .76% | .79% | ||||||
Expenses net of all reductions | .72% G | .71% | .72% | .74% | .76% | .78% | ||||||
Net investment income (loss) | (.23)% G | (.16)% | (.13)% | .19% | .13% | .10% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,732,281 | $ | 2,743,740 | $ | 3,410,787 | $ | 2,546,323 | $ | 1,783,417 | $ | 1,316,804 |
Portfolio turnover rate H | 42% G | 33% | 38% | 53% I | 45% | 81% |
Fidelity Advisor® Health Care Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 63.93 | $ | 76.55 | $ | 66.88 | $ | 53.84 | $ | 57.87 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | (.03) | (.03) | (.01) | .19 | .13 | |||||
Net realized and unrealized gain (loss) | 2.04 | (8.38) | 13.77 | 13.22 | (1.94) | |||||
Total from investment operations | 2.01 | (8.41) | 13.76 | 13.41 | (1.81) | |||||
Distributions from net investment income | - | - | (.37) | - | - | |||||
Distributions from net realized gain | - | (4.21) | (3.73) | (.37) | (2.22) | |||||
Total distributions | - | (4.21) | (4.09) D | (.37) | (2.22) | |||||
Net asset value, end of period | $ | 65.94 | $ | 63.93 | $ | 76.55 | $ | 66.88 | $ | 53.84 |
Total Return E,F | 3.14% | (11.56)% | 21.15% | 24.98% | (2.86)% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .59% I | .59% | .60% | .61% | .62% I | |||||
Expenses net of fee waivers, if any | .59% I | .59% | .60% | .61% | .62% I | |||||
Expenses net of all reductions | .59% I | .59% | .59% | .61% | .62% I | |||||
Net investment income (loss) | (.10)% I | (.04)% | (.01)% | .32% | .30% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 842,031 | $ | 817,321 | $ | 952,460 | $ | 610,481 | $ | 238,873 |
Portfolio turnover rate J | 42% I | 33% | 38% | 53% K | 45% |
Top Holdings (% of Fund's net assets) | ||
Fortive Corp. | 7.2 | |
AMETEK, Inc. | 7.2 | |
Willscot Mobile Mini Holdings | 7.1 | |
The Boeing Co. | 6.8 | |
Roper Technologies, Inc. | 5.9 | |
Saia, Inc. | 5.5 | |
Honeywell International, Inc. | 5.5 | |
Flowserve Corp. | 4.8 | |
Howmet Aerospace, Inc. | 4.5 | |
Ingersoll Rand, Inc. | 4.5 | |
59.0 | ||
Industries (% of Fund's net assets) | ||
Machinery | 31.9 | |
Aerospace & Defense | 23.7 | |
Road & Rail | 10.3 | |
Electrical Equipment | 7.7 | |
Construction & Engineering | 7.3 | |
Software | 5.9 | |
Industrial Conglomerates | 5.5 | |
Air Freight & Logistics | 3.9 | |
Commercial Services & Supplies | 3.6 | |
Professional Services | 1.3 | |
Common Stocks - 101.1% | |||
Shares | Value ($) | ||
Aerospace & Defense - 23.7% | |||
Aerospace & Defense - 23.7% | |||
BAE Systems PLC | 182,985 | 1,937,089 | |
Curtiss-Wright Corp. | 4,000 | 663,200 | |
HEICO Corp. (a) | 64,700 | 11,060,465 | |
HEICO Corp. Class A | 41,900 | 5,601,192 | |
Hexcel Corp. (a) | 29,200 | 2,060,936 | |
Howmet Aerospace, Inc. | 604,600 | 24,601,174 | |
Raytheon Technologies Corp. | 237,200 | 23,684,420 | |
The Boeing Co. (b) | 173,900 | 37,040,700 | |
TransDigm Group, Inc. | 30,614 | 21,973,199 | |
128,622,375 | |||
Air Freight & Logistics - 3.9% | |||
Air Freight & Logistics - 3.9% | |||
FedEx Corp. | 108,700 | 21,072,582 | |
Commercial Services & Supplies - 3.6% | |||
Environmental & Facility Services - 0.0% | |||
Tetra Tech, Inc. | 800 | 124,416 | |
Security & Alarm Services - 3.6% | |||
CoreCivic, Inc. (b) | 346,600 | 3,687,824 | |
The GEO Group, Inc. (a)(b) | 1,351,000 | 15,536,500 | |
19,224,324 | |||
TOTAL COMMERCIAL SERVICES & SUPPLIES | 19,348,740 | ||
Construction & Engineering - 7.3% | |||
Construction & Engineering - 7.3% | |||
AECOM | 11,600 | 1,012,332 | |
Willscot Mobile Mini Holdings (b) | 796,300 | 38,588,698 | |
39,601,030 | |||
Electrical Equipment - 7.7% | |||
Electrical Components & Equipment - 7.7% | |||
AMETEK, Inc. | 268,534 | 38,915,947 | |
nVent Electric PLC | 14,400 | 572,400 | |
Regal Rexnord Corp. | 10,000 | 1,392,000 | |
Vertiv Holdings Co. (a) | 61,900 | 880,218 | |
41,760,565 | |||
Industrial Conglomerates - 5.5% | |||
Industrial Conglomerates - 5.5% | |||
Honeywell International, Inc. | 143,894 | 29,999,021 | |
Machinery - 31.9% | |||
Industrial Machinery - 31.9% | |||
Barnes Group, Inc. | 366,200 | 16,208,012 | |
Crane Holdings Co. | 203,258 | 23,559,635 | |
Flowserve Corp. | 753,904 | 25,949,376 | |
Fortive Corp. | 573,075 | 38,986,291 | |
IDEX Corp. | 41,237 | 9,883,684 | |
Ingersoll Rand, Inc. | 432,200 | 24,203,200 | |
Middleby Corp. (b) | 26,600 | 4,134,970 | |
Parker Hannifin Corp. | 22,400 | 7,302,400 | |
Pentair PLC (a) | 225,900 | 12,510,342 | |
RBC Bearings, Inc. (b) | 40,600 | 9,905,182 | |
172,643,092 | |||
Professional Services - 1.3% | |||
Research & Consulting Services - 1.3% | |||
KBR, Inc. | 25,500 | 1,306,365 | |
Science Applications International Corp. | 53,817 | 5,585,128 | |
6,891,493 | |||
Road & Rail - 10.3% | |||
Railroads - 1.2% | |||
CSX Corp. | 53,900 | 1,666,588 | |
Norfolk Southern Corp. | 19,491 | 4,791,083 | |
6,457,671 | |||
Trucking - 9.1% | |||
J.B. Hunt Transport Services, Inc. | 13,453 | 2,543,290 | |
Old Dominion Freight Lines, Inc. | 51,000 | 16,995,240 | |
Saia, Inc. (a)(b) | 110,200 | 30,060,356 | |
49,598,886 | |||
TOTAL ROAD & RAIL | 56,056,557 | ||
Software - 5.9% | |||
Application Software - 5.9% | |||
Roper Technologies, Inc. | 75,432 | 32,190,606 | |
TOTAL COMMON STOCKS (Cost $447,122,660) | 548,186,061 | ||
Money Market Funds - 7.8% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 4.38% (c)(d) (Cost $42,211,375) | 42,207,154 | 42,211,375 | |
TOTAL INVESTMENT IN SECURITIES - 108.9% (Cost $489,334,035) | 590,397,436 |
NET OTHER ASSETS (LIABILITIES) - (8.9)% | (48,184,354) |
NET ASSETS - 100.0% | 542,213,082 |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 1,335,472 | 129,276,237 | 130,611,709 | 32,309 | - | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 61,455,075 | 143,840,167 | 163,083,867 | 14,139 | - | - | 42,211,375 | 0.1% |
Total | 62,790,547 | 273,116,404 | 293,695,576 | 46,448 | - | - | 42,211,375 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 548,186,061 | 546,248,972 | 1,937,089 | - |
Money Market Funds | 42,211,375 | 42,211,375 | - | - |
Total Investments in Securities: | 590,397,436 | 588,460,347 | 1,937,089 | - |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $42,888,980) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $447,122,660) | $ | 548,186,061 | ||
Fidelity Central Funds (cost $42,211,375) | 42,211,375 | |||
Total Investment in Securities (cost $489,334,035) | $ | 590,397,436 | ||
Cash | 27,920 | |||
Receivable for investments sold | 21,939,688 | |||
Receivable for fund shares sold | 397,710 | |||
Dividends receivable | 32,399 | |||
Distributions receivable from Fidelity Central Funds | 6,570 | |||
Prepaid expenses | 2,743 | |||
Total assets | 612,804,466 | |||
Liabilities | ||||
Payable for investments purchased | $ | 17,907,745 | ||
Payable for fund shares redeemed | 630,369 | |||
Accrued management fee | 233,665 | |||
Distribution and service plan fees payable | 94,733 | |||
Notes payable to affiliates | 9,396,000 | |||
Other affiliated payables | 83,427 | |||
Other payables and accrued expenses | 34,070 | |||
Collateral on securities loaned | 42,211,375 | |||
Total Liabilities | 70,591,384 | |||
Net Assets | $ | 542,213,082 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 457,455,802 | ||
Total accumulated earnings (loss) | 84,757,280 | |||
Net Assets | $ | 542,213,082 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($218,937,799 ÷ 6,119,273 shares) (a) | $ | 35.78 | ||
Maximum offering price per share (100/94.25 of $35.78) | $ | 37.96 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($52,102,443 ÷ 1,511,114 shares) (a) | $ | 34.48 | ||
Maximum offering price per share (100/96.50 of $34.48) | $ | 35.73 | ||
Class C : | ||||
Net Asset Value and offering price per share ($34,746,249 ÷ 1,168,942 shares) (a) | $ | 29.72 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($136,554,719 ÷ 3,524,812 shares) | $ | 38.74 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($99,871,872 ÷ 2,581,378 shares) | $ | 38.69 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 2,087,554 | ||
Special dividends | 618,159 | |||
Income from Fidelity Central Funds (including $14,139 from security lending) | 46,448 | |||
Total Income | 2,752,161 | |||
Expenses | ||||
Management fee | $ | 1,296,750 | ||
Transfer agent fees | 398,952 | |||
Distribution and service plan fees | 558,865 | |||
Accounting fees | 86,188 | |||
Custodian fees and expenses | 12,309 | |||
Independent trustees' fees and expenses | 836 | |||
Registration fees | 69,277 | |||
Audit | 25,562 | |||
Legal | 1,215 | |||
Interest | 1,191 | |||
Miscellaneous | 2,088 | |||
Total expenses before reductions | 2,453,233 | |||
Expense reductions | (9,570) | |||
Total expenses after reductions | 2,443,663 | |||
Net Investment income (loss) | 308,498 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (8,728,730) | |||
Foreign currency transactions | 3,163 | |||
Total net realized gain (loss) | (8,725,567) | |||
Change in net unrealized appreciation (depreciation) on investment securities | 56,321,734 | |||
Net gain (loss) | 47,596,167 | |||
Net increase (decrease) in net assets resulting from operations | $ | 47,904,665 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 308,498 | $ | (1,839,444) |
Net realized gain (loss) | (8,725,567) | 43,048,318 | ||
Change in net unrealized appreciation (depreciation) | 56,321,734 | (88,564,513) | ||
Net increase (decrease) in net assets resulting from operations | 47,904,665 | (47,355,639) | ||
Distributions to shareholders | (17,549,942) | (121,901,185) | ||
Share transactions - net increase (decrease) | 40,541,689 | (34,069,737) | ||
Total increase (decrease) in net assets | 70,896,412 | (203,326,561) | ||
Net Assets | ||||
Beginning of period | 471,316,670 | 674,643,231 | ||
End of period | $ | 542,213,082 | $ | 471,316,670 |
Fidelity Advisor® Industrials Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 34.23 | $ | 45.64 | $ | 33.85 | $ | 38.95 | $ | 42.62 | $ | 37.89 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 C | (.14) | (.17) | .18 D | .24 | .13 | ||||||
Net realized and unrealized gain (loss) | 2.72 | (2.62) | 12.20 | (2.46) | (.02) | 5.87 | ||||||
Total from investment operations | 2.73 | (2.76) | 12.03 | (2.28) | .22 | 6.00 | ||||||
Distributions from net investment income | (.02) | - | - | (.25) | (.19) | (.10) | ||||||
Distributions from net realized gain | (1.16) | (8.65) | (.24) | (2.57) | (3.70) | (1.17) | ||||||
Total distributions | (1.18) | (8.65) | (.24) | (2.82) | (3.89) | (1.27) | ||||||
Net asset value, end of period | $ | 35.78 | $ | 34.23 | $ | 45.64 | $ | 33.85 | $ | 38.95 | $ | 42.62 |
Total Return E,F,G | 8.21% | (7.79)% | 35.63% | (6.58)% | 2.06% | 15.97% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.04% J | 1.02% | 1.03% | 1.05% | 1.04% | 1.06% | ||||||
Expenses net of fee waivers, if any | 1.04% J | 1.01% | 1.03% | 1.05% | 1.04% | 1.06% | ||||||
Expenses net of all reductions | 1.04% J | 1.01% | 1.01% | 1.03% | 1.03% | 1.05% | ||||||
Net investment income (loss) | (.05)% C,J | (.35)% | (.40)% | .49% D | .63% | .32% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 218,938 | $ | 214,576 | $ | 264,130 | $ | 199,835 | $ | 268,483 | $ | 303,201 |
Portfolio turnover rate K | 114% J | 106% | 205% | 219% L | 125% | 61% |
Fidelity Advisor® Industrials Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 33.05 | $ | 44.31 | $ | 32.96 | $ | 37.99 | $ | 41.65 | $ | 37.03 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) C | (.23) | (.27) | .08 D | .14 | .03 | ||||||
Net realized and unrealized gain (loss) | 2.62 | (2.53) | 11.86 | (2.39) | (.03) | 5.74 | ||||||
Total from investment operations | 2.59 | (2.76) | 11.59 | (2.31) | .11 | 5.77 | ||||||
Distributions from net investment income | - | - | - | (.15) | (.07) | - | ||||||
Distributions from net realized gain | (1.16) | (8.50) | (.24) | (2.57) | (3.70) | (1.15) | ||||||
Total distributions | (1.16) | (8.50) | (.24) | (2.72) | (3.77) | (1.15) | ||||||
Net asset value, end of period | $ | 34.48 | $ | 33.05 | $ | 44.31 | $ | 32.96 | $ | 37.99 | $ | 41.65 |
Total Return E,F,G | 8.08% | (8.03)% | 35.25% | (6.82)% | 1.78% | 15.70% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.30% J | 1.27% | 1.29% | 1.31% | 1.31% | 1.32% | ||||||
Expenses net of fee waivers, if any | 1.30% J | 1.27% | 1.29% | 1.31% | 1.30% | 1.32% | ||||||
Expenses net of all reductions | 1.29% J | 1.27% | 1.27% | 1.30% | 1.30% | 1.31% | ||||||
Net investment income (loss) | (.30)% C,J | (.60)% | (.66)% | .23% D | .37% | .07% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 52,102 | $ | 49,501 | $ | 56,680 | $ | 45,157 | $ | 61,570 | $ | 72,143 |
Portfolio turnover rate K | 114% J | 106% | 205% | 219% L | 125% | 61% |
Fidelity Advisor® Industrials Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 28.72 | $ | 39.46 | $ | 29.52 | $ | 34.27 | $ | 38.09 | $ | 34.09 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.10) C | (.37) | (.41) | (.08) D | (.04) | (.16) | ||||||
Net realized and unrealized gain (loss) | 2.26 | (2.19) | 10.59 | (2.15) | (.08) | 5.28 | ||||||
Total from investment operations | 2.16 | (2.56) | 10.18 | (2.23) | (.12) | 5.12 | ||||||
Distributions from net investment income | - | - | - | (.03) | - | - | ||||||
Distributions from net realized gain | (1.16) | (8.18) | (.24) | (2.49) | (3.70) | (1.12) | ||||||
Total distributions | (1.16) | (8.18) | (.24) | (2.52) | (3.70) | (1.12) | ||||||
Net asset value, end of period | $ | 29.72 | $ | 28.72 | $ | 39.46 | $ | 29.52 | $ | 34.27 | $ | 38.09 |
Total Return E,F,G | 7.80% | (8.48)% | 34.58% | (7.27)% | 1.28% | 15.13% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.80% J | 1.77% | 1.79% | 1.81% | 1.80% | 1.82% | ||||||
Expenses net of fee waivers, if any | 1.80% J | 1.77% | 1.79% | 1.81% | 1.80% | 1.82% | ||||||
Expenses net of all reductions | 1.80% J | 1.77% | 1.77% | 1.79% | 1.79% | 1.81% | ||||||
Net investment income (loss) | (.80)% C,J | (1.10)% | (1.16)% | (.26)% D | (.12)% | (.43)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 34,746 | $ | 37,417 | $ | 55,576 | $ | 53,969 | $ | 90,512 | $ | 138,249 |
Portfolio turnover rate K | 114% J | 106% | 205% | 219% L | 125% | 61% |
Fidelity Advisor® Industrials Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.95 | $ | 48.64 | $ | 35.97 | $ | 41.20 | $ | 44.85 | $ | 39.80 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 C | (.03) | (.06) | .29 D | .37 | .25 | ||||||
Net realized and unrealized gain (loss) | 2.95 | (2.84) | 12.97 | (2.60) | (.02) | 6.18 | ||||||
Total from investment operations | 3.01 | (2.87) | 12.91 | (2.31) | .35 | 6.43 | ||||||
Distributions from net investment income | (.06) | - | - | (.35) | (.30) | (.21) | ||||||
Distributions from net realized gain | (1.16) | (8.82) | (.24) | (2.57) | (3.70) | (1.17) | ||||||
Total distributions | (1.22) | (8.82) | (.24) | (2.92) | (4.00) | (1.38) | ||||||
Net asset value, end of period | $ | 38.74 | $ | 36.95 | $ | 48.64 | $ | 35.97 | $ | 41.20 | $ | 44.85 |
Total Return E,F | 8.36% | (7.55)% | 35.98% | (6.32)% | 2.31% | 16.30% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .77% I | .75% | .76% | .78% | .78% | .80% | ||||||
Expenses net of fee waivers, if any | .77% I | .75% | .76% | .78% | .77% | .80% | ||||||
Expenses net of all reductions | .77% I | .75% | .74% | .76% | .77% | .79% | ||||||
Net investment income (loss) | .22% C,I | (.08)% | (.14)% | .76% D | .90% | .59% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 136,555 | $ | 145,849 | $ | 248,090 | $ | 123,603 | $ | 219,218 | $ | 320,902 |
Portfolio turnover rate J | 114% I | 106% | 205% | 219% K | 125% | 61% |
Fidelity Advisor® Industrials Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.91 | $ | 48.61 | $ | 35.90 | $ | 41.15 | $ | 46.84 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .09 D | .02 | - E | .34 F | .34 | |||||
Net realized and unrealized gain (loss) | 2.93 | (2.83) | 12.95 | (2.60) | (1.94) | |||||
Total from investment operations | 3.02 | (2.81) | 12.95 | (2.26) | (1.60) | |||||
Distributions from net investment income | (.08) | - | - | (.42) | (.39) | |||||
Distributions from net realized gain | (1.16) | (8.89) | (.24) | (2.57) | (3.70) | |||||
Total distributions | (1.24) | (8.89) | (.24) | (2.99) | (4.09) | |||||
Net asset value, end of period | $ | 38.69 | $ | 36.91 | $ | 48.61 | $ | 35.90 | $ | 41.15 |
Total Return G,H | 8.41% | (7.42)% | 36.16% | (6.21)% | (1.92)% | |||||
Ratios to Average Net Assets C,I,J | ||||||||||
Expenses before reductions | .65% K | .63% | .64% | .65% | .64% K | |||||
Expenses net of fee waivers, if any | .65% K | .62% | .64% | .65% | .64% K | |||||
Expenses net of all reductions | .65% K | .62% | .62% | .63% | .64% K | |||||
Net investment income (loss) | .35% D,K | .04% | (.01)% | .89% F | 1.04% K | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 99,872 | $ | 23,974 | $ | 50,167 | $ | 29,168 | $ | 11,077 |
Portfolio turnover rate L | 114% K | 106% | 205% | 219% M | 125% |
Top Holdings (% of Fund's net assets) | ||
NVIDIA Corp. | 24.6 | |
NXP Semiconductors NV | 9.7 | |
onsemi | 8.6 | |
Marvell Technology, Inc. | 6.9 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 4.9 | |
GlobalFoundries, Inc. | 4.5 | |
Microchip Technology, Inc. | 4.5 | |
Broadcom, Inc. | 4.3 | |
Lam Research Corp. | 3.9 | |
Teradyne, Inc. | 3.9 | |
75.8 | ||
Industries (% of Fund's net assets) | ||
Semiconductors & Semiconductor Equipment | 95.2 | |
Technology Hardware, Storage & Peripherals | 0.5 | |
Auto Components | 0.3 | |
Electrical Equipment | 0.3 | |
Metals & Mining | 0.1 | |
Electronic Equipment & Components | 0.0 | |
Software | 0.0 | |
Geographic Diversification (% of Fund's net assets) |
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* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.8% | |||
Shares | Value ($) | ||
Auto Components - 0.3% | |||
Auto Parts & Equipment - 0.3% | |||
Mobileye Global, Inc. (a) | 56,487 | 2,180,398 | |
Electrical Equipment - 0.3% | |||
Electrical Components & Equipment - 0.3% | |||
Array Technologies, Inc. (b) | 94,900 | 2,109,627 | |
Electronic Equipment & Components - 0.0% | |||
Electronic Equipment & Instruments - 0.0% | |||
Aeva Technologies, Inc. (b) | 118,100 | 199,589 | |
Semiconductors & Semiconductor Equipment - 94.7% | |||
Semiconductor Equipment - 10.0% | |||
Applied Materials, Inc. | 15,000 | 1,672,350 | |
Enphase Energy, Inc. (b) | 12,100 | 2,678,698 | |
KLA Corp. | 5,500 | 2,158,640 | |
Lam Research Corp. | 63,746 | 31,879,375 | |
Nova Ltd. (a)(b) | 122,932 | 11,149,932 | |
Teradyne, Inc. | 309,400 | 31,465,980 | |
81,004,975 | |||
Semiconductors - 84.7% | |||
Advanced Micro Devices, Inc. (b) | 197,274 | 14,825,141 | |
Allegro MicroSystems LLC (b) | 276,200 | 10,542,554 | |
Analog Devices, Inc. | 103,606 | 17,765,321 | |
Broadcom, Inc. | 59,625 | 34,881,221 | |
Cirrus Logic, Inc. (b) | 98,228 | 8,878,829 | |
GlobalFoundries, Inc. (a)(b) | 623,400 | 36,955,152 | |
Lattice Semiconductor Corp. (b) | 170,400 | 12,914,616 | |
MACOM Technology Solutions Holdings, Inc. (b) | 197,562 | 13,240,605 | |
Marvell Technology, Inc. | 1,296,833 | 55,958,344 | |
Microchip Technology, Inc. | 472,477 | 36,673,665 | |
Monolithic Power Systems, Inc. | 43,424 | 18,522,941 | |
NVIDIA Corp. | 1,027,527 | 200,747,951 | |
NXP Semiconductors NV | 429,453 | 79,152,482 | |
onsemi (b) | 950,336 | 69,802,179 | |
Qualcomm, Inc. | 96,226 | 12,818,265 | |
Skyworks Solutions, Inc. | 83,700 | 9,179,379 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 428,700 | 39,753,351 | |
Texas Instruments, Inc. | 81,222 | 14,393,351 | |
Wolfspeed, Inc. (a)(b) | 36,700 | 2,826,267 | |
689,831,614 | |||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 770,836,589 | ||
Technology Hardware, Storage & Peripherals - 0.5% | |||
Technology Hardware, Storage & Peripherals - 0.5% | |||
IonQ, Inc. (b)(c) | 15,000 | 66,600 | |
Western Digital Corp. (b) | 94,300 | 4,144,485 | |
4,211,085 | |||
TOTAL COMMON STOCKS (Cost $544,409,988) | 779,537,288 | ||
Convertible Preferred Stocks - 0.5% | |||
Shares | Value ($) | ||
Electronic Equipment & Components - 0.0% | |||
Electronic Components - 0.0% | |||
Menlo Micro, Inc. Series C (c)(d) | 79,800 | 90,174 | |
Metals & Mining - 0.1% | |||
Precious Metals & Minerals - 0.1% | |||
Diamond Foundry, Inc. Series C (b)(c)(d) | 18,335 | 650,342 | |
Semiconductors & Semiconductor Equipment - 0.4% | |||
Semiconductor Equipment - 0.2% | |||
Astera Labs, Inc.: | |||
Series A (c)(d) | 30,452 | 306,652 | |
Series B (c)(d) | 5,185 | 52,213 | |
Series C (b)(c)(d) | 19,433 | 195,690 | |
Series D (c)(d) | 123,852 | 1,247,190 | |
1,801,745 | |||
Semiconductors - 0.2% | |||
Alif Semiconductor Series C (c)(d) | 48,363 | 813,466 | |
GaN Systems, Inc.: | |||
Series F1 (b)(c)(d) | 52,877 | 283,421 | |
Series F2 (b)(c)(d) | 27,921 | 149,657 | |
SiMa.ai: | |||
Series B (b)(c)(d) | 30,638 | 198,534 | |
Series B1 (c)(d) | 18,145 | 136,632 | |
1,581,710 | |||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 3,383,455 | ||
Software - 0.0% | |||
Systems Software - 0.0% | |||
Tenstorrent, Inc. Series C1 (b)(c)(d) | 900 | 46,962 | |
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $4,239,200) | 4,170,933 | ||
Preferred Securities - 0.1% | |||
Principal Amount (e) | Value ($) | ||
Semiconductors & Semiconductor Equipment - 0.1% | |||
Semiconductors - 0.1% | |||
GaN Systems, Inc. 0% (c)(d)(f) | 1,239,360 | 766,544 | |
Software - 0.0% | |||
Systems Software - 0.0% | |||
Tenstorrent, Inc. 0% (c)(d)(f) | 50,000 | 43,900 | |
TOTAL PREFERRED SECURITIES (Cost $1,289,360) | 810,444 | ||
Money Market Funds - 6.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (g) | 17,993,870 | 17,997,468 | |
Fidelity Securities Lending Cash Central Fund 4.38% (g)(h) | 30,895,960 | 30,899,050 | |
TOTAL MONEY MARKET FUNDS (Cost $48,896,518) | 48,896,518 | ||
TOTAL INVESTMENT IN SECURITIES - 102.4% (Cost $598,835,066) | 833,415,183 |
NET OTHER ASSETS (LIABILITIES) - (2.4)% | (19,311,192) |
NET ASSETS - 100.0% | 814,103,991 |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $5,047,977 or 0.6% of net assets. |
(d) | Level 3 security |
(e) | Amount is stated in United States dollars unless otherwise noted. |
(f) | Security is perpetual in nature with no stated maturity date. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Alif Semiconductor Series C | 3/08/22 | 981,698 |
Astera Labs, Inc. Series A | 5/17/22 | 309,682 |
Astera Labs, Inc. Series B | 5/17/22 | 52,729 |
Astera Labs, Inc. Series C | 8/24/21 | 65,330 |
Astera Labs, Inc. Series D | 5/17/22 - 5/27/22 | 1,259,513 |
Diamond Foundry, Inc. Series C | 3/15/21 | 440,040 |
GaN Systems, Inc. Series F1 | 11/30/21 | 448,397 |
GaN Systems, Inc. Series F2 | 11/30/21 | 236,770 |
GaN Systems, Inc. 0% | 11/30/21 | 1,239,360 |
IonQ, Inc. | 3/07/21 | 150,000 |
Menlo Micro, Inc. Series C | 2/09/22 | 105,775 |
SiMa.ai Series B | 5/10/21 | 157,093 |
SiMa.ai Series B1 | 4/25/22 - 10/17/22 | 128,665 |
Tenstorrent, Inc. Series C1 | 4/23/21 | 53,509 |
Tenstorrent, Inc. 0% | 4/23/21 | 50,000 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 23,994,086 | 107,031,734 | 113,028,352 | 218,204 | - | - | 17,997,468 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 43,554,325 | 184,204,890 | 196,860,165 | 466,313 | - | - | 30,899,050 | 0.1% |
Total | 67,548,411 | 291,236,624 | 309,888,517 | 684,517 | - | - | 48,896,518 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 779,537,288 | 779,537,288 | - | - |
Convertible Preferred Stocks | 4,170,933 | - | - | 4,170,933 |
Preferred Securities | 810,444 | - | - | 810,444 |
Money Market Funds | 48,896,518 | 48,896,518 | - | - |
Total Investments in Securities: | 833,415,183 | 828,433,806 | - | 4,981,377 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $31,185,730) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $549,938,548) | $ | 784,518,665 | ||
Fidelity Central Funds (cost $48,896,518) | 48,896,518 | |||
Total Investment in Securities (cost $598,835,066) | $ | 833,415,183 | ||
Receivable for investments sold | 14,322,815 | |||
Receivable for fund shares sold | 1,333,400 | |||
Dividends receivable | 110,876 | |||
Distributions receivable from Fidelity Central Funds | 112,586 | |||
Prepaid expenses | 1,467 | |||
Total assets | 849,296,327 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,289,825 | ||
Payable for fund shares redeemed | 1,371,973 | |||
Accrued management fee | 327,376 | |||
Distribution and service plan fees payable | 148,124 | |||
Other affiliated payables | 123,224 | |||
Other payables and accrued expenses | 32,764 | |||
Collateral on securities loaned | 30,899,050 | |||
Total Liabilities | 35,192,336 | |||
Net Assets | $ | 814,103,991 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 589,087,171 | ||
Total accumulated earnings (loss) | 225,016,820 | |||
Net Assets | $ | 814,103,991 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($336,788,004 ÷ 7,824,044 shares) (a) | $ | 43.05 | ||
Maximum offering price per share (100/94.25 of $43.05) | $ | 45.68 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($53,593,986 ÷ 1,326,689 shares) (a) | $ | 40.40 | ||
Maximum offering price per share (100/96.50 of $40.40) | $ | 41.87 | ||
Class C : | ||||
Net Asset Value and offering price per share ($85,928,755 ÷ 2,452,563 shares) (a) | $ | 35.04 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($294,061,593 ÷ 6,351,541 shares) | $ | 46.30 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($43,731,653 ÷ 944,042 shares) | $ | 46.32 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 2,957,915 | ||
Income from Fidelity Central Funds (including $466,313 from security lending) | 684,517 | |||
Total Income | 3,642,432 | |||
Expenses | ||||
Management fee | $ | 1,924,875 | ||
Transfer agent fees | 618,692 | |||
Distribution and service plan fees | 862,621 | |||
Accounting fees | 116,111 | |||
Custodian fees and expenses | 7,112 | |||
Independent trustees' fees and expenses | 1,270 | |||
Registration fees | 91,828 | |||
Audit | 24,326 | |||
Legal | 1,802 | |||
Miscellaneous | 2,557 | |||
Total expenses before reductions | 3,651,194 | |||
Expense reductions | (14,022) | |||
Total expenses after reductions | 3,637,172 | |||
Net Investment income (loss) | 5,260 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (6,233,160) | |||
Foreign currency transactions | (3,236) | |||
Total net realized gain (loss) | (6,236,396) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 26,539,508 | |||
Assets and liabilities in foreign currencies | 2,231 | |||
Total change in net unrealized appreciation (depreciation) | 26,541,739 | |||
Net gain (loss) | 20,305,343 | |||
Net increase (decrease) in net assets resulting from operations | $ | 20,310,603 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,260 | $ | (2,178,215) |
Net realized gain (loss) | (6,236,396) | 35,703,217 | ||
Change in net unrealized appreciation (depreciation) | 26,541,739 | (87,724,624) | ||
Net increase (decrease) in net assets resulting from operations | 20,310,603 | (54,199,622) | ||
Distributions to shareholders | (22,158,679) | (43,908,446) | ||
Share transactions - net increase (decrease) | 1,803,236 | 211,964,262 | ||
Total increase (decrease) in net assets | (44,840) | 113,856,194 | ||
Net Assets | ||||
Beginning of period | 814,148,831 | 700,292,637 | ||
End of period | $ | 814,103,991 | $ | 814,148,831 |
Fidelity Advisor® Semiconductors Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 42.85 | $ | 46.29 | $ | 29.79 | $ | 23.03 | $ | 25.06 | $ | 21.57 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | (.13) | (.08) | .14 | .15 | .02 | ||||||
Net realized and unrealized gain (loss) | 1.41 | (.83) | 18.29 | 6.90 | 1.25 | 5.73 | ||||||
Total from investment operations | 1.40 | (.96) | 18.21 | 7.04 | 1.40 | 5.75 | ||||||
Distributions from net investment income | - | - | (.04) | (.07) | (.10) | (.05) C | ||||||
Distributions from net realized gain | (1.20) | (2.48) | (1.67) | (.20) | (3.33) | (2.21) C | ||||||
Total distributions | (1.20) | (2.48) | (1.71) | (.28) D | (3.43) | (2.26) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 43.05 | $ | 42.85 | $ | 46.29 | $ | 29.79 | $ | 23.03 | $ | 25.06 |
Total Return F,G,H | 3.46% | (3.21)% | 62.45% | 30.65% | 10.18% | 27.35% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.03% K | 1.01% | 1.04% | 1.10% | 1.12% | 1.15% | ||||||
Expenses net of fee waivers, if any | 1.02% K | 1.01% | 1.04% | 1.09% | 1.11% | 1.15% | ||||||
Expenses net of all reductions | 1.02% K | 1.01% | 1.03% | 1.08% | 1.11% | 1.13% | ||||||
Net investment income (loss) | (.03)% K | (.27)% | (.21)% | .53% | .70% | .09% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 336,788 | $ | 319,402 | $ | 279,755 | $ | 140,072 | $ | 98,459 | $ | 97,883 |
Portfolio turnover rate L | 42% K | 32% | 41% | 136% | 110% | 133% |
Fidelity Advisor® Semiconductors Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 40.34 | $ | 43.75 | $ | 28.25 | $ | 21.89 | $ | 24.04 | $ | 20.77 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.05) | (.23) | (.17) | .06 | .08 | (.05) | ||||||
Net realized and unrealized gain (loss) | 1.31 | (.76) | 17.31 | 6.55 | 1.16 | 5.50 | ||||||
Total from investment operations | 1.26 | (.99) | 17.14 | 6.61 | 1.24 | 5.45 | ||||||
Distributions from net investment income | - | - | - | (.05) | (.06) | - C | ||||||
Distributions from net realized gain | (1.20) | (2.42) | (1.64) | (.20) | (3.33) | (2.18) C | ||||||
Total distributions | (1.20) | (2.42) | (1.64) | (.25) | (3.39) | (2.18) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 40.40 | $ | 40.34 | $ | 43.75 | $ | 28.25 | $ | 21.89 | $ | 24.04 |
Total Return E,F,G | 3.32% | (3.43)% | 61.98% | 30.28% | 9.84% | 26.95% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.28% J | 1.26% | 1.30% | 1.38% | 1.44% | 1.48% | ||||||
Expenses net of fee waivers, if any | 1.28% J | 1.25% | 1.30% | 1.38% | 1.43% | 1.47% | ||||||
Expenses net of all reductions | 1.28% J | 1.25% | 1.29% | 1.37% | 1.43% | 1.46% | ||||||
Net investment income (loss) | (.28)% J | (.52)% | (.47)% | .24% | .38% | (.23)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 53,594 | $ | 48,499 | $ | 49,963 | $ | 29,262 | $ | 22,587 | $ | 21,830 |
Portfolio turnover rate K | 42% J | 32% | 41% | 136% | 110% | 133% |
Fidelity Advisor® Semiconductors Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 35.24 | $ | 38.59 | $ | 25.18 | $ | 19.59 | $ | 21.88 | $ | 19.10 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.12) | (.40) | (.31) | (.05) | (.01) | (.14) | ||||||
Net realized and unrealized gain (loss) | 1.12 | (.61) | 15.35 | 5.86 | .98 | 5.05 | ||||||
Total from investment operations | 1.00 | (1.01) | 15.04 | 5.81 | .97 | 4.91 | ||||||
Distributions from net investment income | - | - | - | (.01) | - | - | ||||||
Distributions from net realized gain | (1.20) | (2.34) | (1.63) | (.20) | (3.26) | (2.13) | ||||||
Total distributions | (1.20) | (2.34) | (1.63) | (.22) C | (3.26) | (2.13) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 35.04 | $ | 35.24 | $ | 38.59 | $ | 25.18 | $ | 19.59 | $ | 21.88 |
Total Return E,F,G | 3.06% | (3.93)% | 61.17% | 29.73% | 9.33% | 26.38% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.78% J | 1.76% | 1.79% | 1.85% | 1.87% | 1.91% | ||||||
Expenses net of fee waivers, if any | 1.78% J | 1.76% | 1.79% | 1.85% | 1.87% | 1.91% | ||||||
Expenses net of all reductions | 1.78% J | 1.76% | 1.79% | 1.83% | 1.87% | 1.89% | ||||||
Net investment income (loss) | (.78)% J | (1.03)% | (.97)% | (.23)% | (.06)% | (.67)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 85,929 | $ | 88,592 | $ | 86,217 | $ | 57,320 | $ | 45,659 | $ | 57,915 |
Portfolio turnover rate K | 42% J | 32% | 41% | 136% | 110% | 133% |
Fidelity Advisor® Semiconductors Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 45.93 | $ | 49.39 | $ | 31.68 | $ | 24.42 | $ | 26.33 | $ | 22.56 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | (.01) | .03 | .22 | .23 | .10 | ||||||
Net realized and unrealized gain (loss) | 1.52 | (.92) | 19.47 | 7.34 | 1.35 | 5.99 | ||||||
Total from investment operations | 1.57 | (.93) | 19.50 | 7.56 | 1.58 | 6.09 | ||||||
Distributions from net investment income | - | - | (.12) | (.10) | (.16) | (.11) C | ||||||
Distributions from net realized gain | (1.20) | (2.53) | (1.67) | (.20) | (3.33) | (2.21) C | ||||||
Total distributions | (1.20) | (2.53) | (1.79) | (.30) | (3.49) | (2.32) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 46.30 | $ | 45.93 | $ | 49.39 | $ | 31.68 | $ | 24.42 | $ | 26.33 |
Total Return E,F | 3.60% | (2.96)% | 62.86% | 31.08% | 10.46% | 27.74% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .76% I | .75% | .77% | .81% | .83% | .86% | ||||||
Expenses net of fee waivers, if any | .75% I | .74% | .77% | .81% | .82% | .86% | ||||||
Expenses net of all reductions | .75% I | .74% | .76% | .79% | .82% | .84% | ||||||
Net investment income (loss) | .24% I | (.01)% | .06% | .81% | .98% | .38% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 294,062 | $ | 309,873 | $ | 257,502 | $ | 126,660 | $ | 98,451 | $ | 140,362 |
Portfolio turnover rate J | 42% I | 32% | 41% | 136% | 110% | 133% |
Fidelity Advisor® Semiconductors Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 45.93 | $ | 49.35 | $ | 31.65 | $ | 24.38 | $ | 26.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .08 | .06 | .08 | .26 | .17 | |||||
Net realized and unrealized gain (loss) | 1.51 | (.92) | 19.45 | 7.33 | 1.76 | |||||
Total from investment operations | 1.59 | (.86) | 19.53 | 7.59 | 1.93 | |||||
Distributions from net investment income | - | - | (.16) | (.11) | (.22) | |||||
Distributions from net realized gain | (1.20) | (2.56) | (1.67) | (.20) | (3.33) | |||||
Total distributions | (1.20) | (2.56) | (1.83) | (.32) D | (3.55) | |||||
Net asset value, end of period | $ | 46.32 | $ | 45.93 | $ | 49.35 | $ | 31.65 | $ | 24.38 |
Total Return E,F | 3.64% | (2.83)% | 63.06% | 31.22% | 12.03% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .64% I | .62% | .64% | .68% | .69% I | |||||
Expenses net of fee waivers, if any | .63% I | .62% | .64% | .68% | .69% I | |||||
Expenses net of all reductions | .63% I | .62% | .64% | .66% | .68% I | |||||
Net investment income (loss) | .36% I | .11% | .18% | .94% | .91% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 43,732 | $ | 47,782 | $ | 26,856 | $ | 7,920 | $ | 2,629 |
Portfolio turnover rate J | 42% I | 32% | 41% | 136% | 110% |
Top Holdings (% of Fund's net assets) | ||
Apple, Inc. | 19.6 | |
Microsoft Corp. | 14.9 | |
NVIDIA Corp. | 7.6 | |
MasterCard, Inc. Class A | 6.0 | |
NXP Semiconductors NV | 4.5 | |
Marvell Technology, Inc. | 4.1 | |
onsemi | 3.9 | |
Cisco Systems, Inc. | 3.7 | |
GlobalFoundries, Inc. | 2.4 | |
Okta, Inc. | 2.4 | |
69.1 | ||
Industries (% of Fund's net assets) | ||
Semiconductors & Semiconductor Equipment | 28.8 | |
Software | 25.6 | |
Technology Hardware, Storage & Peripherals | 19.6 | |
IT Services | 13.5 | |
Communications Equipment | 3.7 | |
Internet & Direct Marketing Retail | 1.8 | |
Interactive Media & Services | 1.3 | |
Hotels, Restaurants & Leisure | 1.1 | |
Entertainment | 1.0 | |
Aerospace & Defense | 0.3 | |
Chemicals | 0.2 | |
Metals & Mining | 0.2 | |
Diversified Financial Services | 0.1 | |
Electronic Equipment & Components | 0.1 | |
Food & Staples Retailing | 0.1 | |
Life Sciences Tools & Services | 0.0 | |
Pharmaceuticals | 0.0 | |
Road & Rail | 0.0 | |
Geographic Diversification (% of Fund's net assets) |
![]() |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.4% | |||
Shares | Value ($) | ||
Chemicals - 0.2% | |||
Commodity Chemicals - 0.2% | |||
LG Chemical Ltd. | 16,570 | 9,340,749 | |
Communications Equipment - 3.7% | |||
Communications Equipment - 3.7% | |||
Cisco Systems, Inc. | 2,775,000 | 135,059,250 | |
Diversified Financial Services - 0.1% | |||
Other Diversified Financial Services - 0.1% | |||
Ant International Co. Ltd. Class C (a)(b)(c) | 2,163,455 | 3,418,259 | |
Entertainment - 1.0% | |||
Movies & Entertainment - 1.0% | |||
Netflix, Inc. (a) | 104,466 | 36,966,339 | |
Hotels, Restaurants & Leisure - 1.1% | |||
Hotels, Resorts & Cruise Lines - 1.1% | |||
Airbnb, Inc. Class A (a) | 368,800 | 40,977,368 | |
Interactive Media & Services - 0.9% | |||
Interactive Media & Services - 0.9% | |||
Snap, Inc. Class A (a) | 2,769,067 | 32,010,415 | |
Internet & Direct Marketing Retail - 1.7% | |||
Internet & Direct Marketing Retail - 1.7% | |||
Lyft, Inc. (a) | 713,642 | 11,596,683 | |
Uber Technologies, Inc. (a) | 1,684,064 | 52,088,100 | |
63,684,783 | |||
IT Services - 13.5% | |||
Data Processing & Outsourced Services - 8.2% | |||
Genpact Ltd. | 212,991 | 10,070,214 | |
MasterCard, Inc. Class A | 596,900 | 221,211,140 | |
Visa, Inc. Class A | 305,916 | 70,424,922 | |
301,706,276 | |||
Internet Services & Infrastructure - 4.6% | |||
MongoDB, Inc. Class A (a) | 82,139 | 17,594,995 | |
Okta, Inc. (a) | 1,190,300 | 87,617,983 | |
Shopify, Inc. Class A (a)(d) | 367,000 | 18,082,090 | |
Snowflake, Inc. (a) | 150,500 | 23,544,220 | |
Twilio, Inc. Class A (a) | 388,300 | 23,235,872 | |
170,075,160 | |||
IT Consulting & Other Services - 0.7% | |||
Capgemini SA | 143,500 | 27,129,448 | |
TOTAL IT SERVICES | 498,910,884 | ||
Life Sciences Tools & Services - 0.0% | |||
Life Sciences Tools & Services - 0.0% | |||
Eden Biologics, Inc. (a)(c) | 387,462 | 0 | |
Pharmaceuticals - 0.0% | |||
Pharmaceuticals - 0.0% | |||
Chime Biologics Wuhan Co. Ltd. (a)(c) | 387,462 | 201,802 | |
Road & Rail - 0.0% | |||
Trucking - 0.0% | |||
TuSimple Holdings, Inc. (a)(d) | 86,300 | 181,230 | |
Semiconductors & Semiconductor Equipment - 28.5% | |||
Semiconductor Equipment - 2.1% | |||
ASML Holding NV (Netherlands) | 34,600 | 22,893,004 | |
Teradyne, Inc. | 536,000 | 54,511,200 | |
77,404,204 | |||
Semiconductors - 26.4% | |||
GlobalFoundries, Inc. (a)(d) | 1,509,300 | 89,471,304 | |
Marvell Technology, Inc. | 3,494,060 | 150,768,689 | |
Microchip Technology, Inc. | 1,019,900 | 79,164,638 | |
NVIDIA Corp. | 1,432,900 | 279,945,673 | |
NXP Semiconductors NV | 896,045 | 165,150,054 | |
onsemi (a) | 1,954,400 | 143,550,680 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,564,000 | 62,838,770 | |
970,889,808 | |||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 1,048,294,012 | ||
Software - 25.1% | |||
Application Software - 7.1% | |||
HubSpot, Inc. (a) | 75,203 | 26,096,193 | |
Intuit, Inc. | 169,200 | 71,515,764 | |
Pine Labs Private Ltd. (a)(b)(c) | 3,660 | 2,093,264 | |
Salesforce.com, Inc. (a) | 484,739 | 81,421,610 | |
Splunk, Inc. (a) | 824,380 | 78,950,873 | |
260,077,704 | |||
Systems Software - 18.0% | |||
Microsoft Corp. | 2,216,900 | 549,369,989 | |
Rapid7, Inc. (a) | 275,900 | 11,000,133 | |
ServiceNow, Inc. (a) | 175,900 | 80,057,367 | |
Tenable Holdings, Inc. (a) | 565,900 | 22,766,157 | |
663,193,646 | |||
TOTAL SOFTWARE | 923,271,350 | ||
Technology Hardware, Storage & Peripherals - 19.6% | |||
Technology Hardware, Storage & Peripherals - 19.6% | |||
Apple, Inc. | 4,988,916 | 719,850,688 | |
IonQ, Inc. (a)(b) | 119,300 | 529,692 | |
720,380,380 | |||
TOTAL COMMON STOCKS (Cost $2,318,329,059) | 3,512,696,821 | ||
Preferred Stocks - 2.0% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 1.7% | |||
Aerospace & Defense - 0.3% | |||
Aerospace & Defense - 0.3% | |||
Relativity Space, Inc. Series E (a)(b)(c) | 482,616 | 9,217,966 | |
Electronic Equipment & Components - 0.1% | |||
Electronic Equipment & Instruments - 0.1% | |||
Enevate Corp. Series E (a)(b)(c) | 9,477,386 | 5,212,562 | |
Food & Staples Retailing - 0.1% | |||
Food Retail - 0.1% | |||
GoBrands, Inc. Series G (a)(b)(c) | 14,100 | 2,219,904 | |
Hotels, Restaurants & Leisure - 0.0% | |||
Casinos & Gaming - 0.0% | |||
Discord, Inc. Series I (a)(b)(c) | 500 | 191,495 | |
Interactive Media & Services - 0.4% | |||
Interactive Media & Services - 0.4% | |||
ByteDance Ltd. Series E1 (a)(b)(c) | 26,036 | 5,153,045 | |
Reddit, Inc.: | |||
Series D(a)(b)(c) | 94,300 | 3,540,965 | |
Series E(a)(b)(c) | 5,300 | 199,015 | |
Series F(a)(b)(c) | 154,614 | 5,805,756 | |
14,698,781 | |||
Internet & Direct Marketing Retail - 0.1% | |||
Internet & Direct Marketing Retail - 0.1% | |||
Instacart, Inc. Series I (a)(b)(c) | 29,110 | 1,283,751 | |
Meesho Series F (a)(b)(c) | 46,600 | 3,692,118 | |
4,975,869 | |||
Metals & Mining - 0.2% | |||
Precious Metals & Minerals - 0.2% | |||
Diamond Foundry, Inc. Series C (a)(b)(c) | 151,757 | 5,382,821 | |
Semiconductors & Semiconductor Equipment - 0.3% | |||
Semiconductor Equipment - 0.2% | |||
Astera Labs, Inc.: | |||
Series A(b)(c) | 144,502 | 1,455,135 | |
Series B(b)(c) | 24,603 | 247,752 | |
Series C(a)(b)(c) | 135,400 | 1,363,478 | |
Series D(b)(c) | 590,802 | 5,949,376 | |
9,015,741 | |||
Semiconductors - 0.1% | |||
SiMa.ai: | |||
Series B(a)(b)(c) | 231,000 | 1,496,880 | |
Series B1(b)(c) | 100,683 | 758,143 | |
Xsight Labs Ltd. Series D (a)(b)(c) | 101,300 | 778,997 | |
3,034,020 | |||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 12,049,761 | ||
Software - 0.2% | |||
Application Software - 0.2% | |||
Convoy, Inc. Series D (a)(b)(c) | 81,762 | 587,051 | |
Databricks, Inc.: | |||
Series G(a)(b)(c) | 37,800 | 1,860,138 | |
Series H(a)(b)(c) | 99,786 | 4,910,469 | |
7,357,658 | |||
Systems Software - 0.0% | |||
Tenstorrent, Inc. Series C1 (a)(b)(c) | 6,600 | 344,388 | |
TOTAL SOFTWARE | 7,702,046 | ||
TOTAL CONVERTIBLE PREFERRED STOCKS | 61,651,205 | ||
Nonconvertible Preferred Stocks - 0.3% | |||
Software - 0.3% | |||
Application Software - 0.3% | |||
Pine Labs Private Ltd.: | |||
Series 1(a)(b)(c) | 8,747 | 5,002,672 | |
Series A(a)(b)(c) | 2,186 | 1,250,239 | |
Series B(a)(b)(c) | 2,378 | 1,360,050 | |
Series B2(a)(b)(c) | 1,923 | 1,099,821 | |
Series C(a)(b)(c) | 3,578 | 2,046,366 | |
Series C1(a)(b)(c) | 754 | 431,235 | |
Series D(a)(b)(c) | 806 | 460,976 | |
11,651,359 | |||
TOTAL PREFERRED STOCKS (Cost $80,409,778) | 73,302,564 | ||
Preferred Securities - 0.0% | |||
Principal Amount (e) | Value ($) | ||
Software - 0.0% | |||
Systems Software - 0.0% | |||
Tenstorrent, Inc. 0% (b)(c)(f) (Cost $370,000) | 370,000 | 324,860 | |
Money Market Funds - 2.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (g) | 74,122,507 | 74,137,332 | |
Fidelity Securities Lending Cash Central Fund 4.38% (g)(h) | 31,433,916 | 31,437,059 | |
TOTAL MONEY MARKET FUNDS (Cost $105,574,391) | 105,574,391 | ||
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $2,504,683,228) | 3,691,898,636 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (11,919,500) |
NET ASSETS - 100.0% | 3,679,979,136 |
(a) | Non-income producing |
(b) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $79,668,639 or 2.2% of net assets. |
(c) | Level 3 security |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Amount is stated in United States dollars unless otherwise noted. |
(f) | Security is perpetual in nature with no stated maturity date. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Ant International Co. Ltd. Class C | 5/16/18 | 8,245,741 |
Astera Labs, Inc. Series A | 5/17/22 | 1,469,513 |
Astera Labs, Inc. Series B | 5/17/22 | 250,200 |
Astera Labs, Inc. Series C | 8/24/21 | 455,188 |
Astera Labs, Inc. Series D | 5/17/22 - 5/27/22 | 6,008,161 |
ByteDance Ltd. Series E1 | 11/18/20 | 2,852,873 |
Convoy, Inc. Series D | 10/30/19 | 1,107,057 |
Databricks, Inc. Series G | 2/01/21 | 2,234,836 |
Databricks, Inc. Series H | 8/31/21 | 7,332,688 |
Diamond Foundry, Inc. Series C | 3/15/21 | 3,642,168 |
Discord, Inc. Series I | 9/15/21 | 275,312 |
Enevate Corp. Series E | 1/29/21 | 10,507,436 |
GoBrands, Inc. Series G | 3/02/21 | 3,521,014 |
Instacart, Inc. Series I | 2/26/21 | 3,638,750 |
IonQ, Inc. | 3/07/21 | 1,193,000 |
Meesho Series F | 9/21/21 | 3,572,929 |
Pine Labs Private Ltd. | 6/30/21 | 1,364,668 |
Pine Labs Private Ltd. Series 1 | 6/30/21 | 3,261,406 |
Pine Labs Private Ltd. Series A | 6/30/21 | 815,072 |
Pine Labs Private Ltd. Series B | 6/30/21 | 886,661 |
Pine Labs Private Ltd. Series B2 | 6/30/21 | 717,010 |
Pine Labs Private Ltd. Series C | 6/30/21 | 1,334,093 |
Pine Labs Private Ltd. Series C1 | 6/30/21 | 281,136 |
Pine Labs Private Ltd. Series D | 6/30/21 | 300,525 |
Reddit, Inc. Series D | 2/04/19 | 2,045,018 |
Reddit, Inc. Series E | 5/18/21 | 225,113 |
Reddit, Inc. Series F | 8/11/21 | 9,554,279 |
Relativity Space, Inc. Series E | 5/27/21 | 11,020,585 |
SiMa.ai Series B | 5/10/21 | 1,184,429 |
SiMa.ai Series B1 | 4/25/22 - 10/17/22 | 713,934 |
Tenstorrent, Inc. Series C1 | 4/23/21 | 392,398 |
Tenstorrent, Inc. 0% | 4/23/21 | 370,000 |
Xsight Labs Ltd. Series D | 2/16/21 | 809,995 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 66,682,813 | 411,474,180 | 404,019,661 | 1,323,679 | - | - | 74,137,332 | 0.2% |
Fidelity Securities Lending Cash Central Fund 4.38% | 3,262,284 | 200,298,699 | 172,123,924 | 284,015 | - | - | 31,437,059 | 0.1% |
Total | 69,945,097 | 611,772,879 | 576,143,585 | 1,607,694 | - | - | 105,574,391 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 3,512,696,821 | 3,411,910,973 | 95,072,523 | 5,713,325 |
Preferred Stocks | 73,302,564 | - | - | 73,302,564 |
Preferred Securities | 324,860 | - | - | 324,860 |
Money Market Funds | 105,574,391 | 105,574,391 | - | - |
Total Investments in Securities: | 3,691,898,636 | 3,517,485,364 | 95,072,523 | 79,340,749 |
Investments in Securities: | |||
Preferred Stocks | |||
Beginning Balance | $ | 78,187,657 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (5,489,309) | ||
Cost of Purchases | 604,216 | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 73,302,564 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2023 | $ | (5,489,309) | |
Other Investments in Securities | |||
Beginning Balance | $ | 10,743,924 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (670,683) | ||
Cost of Purchases | - | ||
Proceeds of Sales | (4,035,056) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 6,038,185 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2023 | $ | (670,683) | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $31,758,097) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,399,108,837) | $ | 3,586,324,245 | ||
Fidelity Central Funds (cost $105,574,391) | 105,574,391 | |||
Total Investment in Securities (cost $2,504,683,228) | $ | 3,691,898,636 | ||
Receivable for investments sold | 22,852,441 | |||
Receivable for fund shares sold | 3,477,178 | |||
Dividends receivable | 487,981 | |||
Distributions receivable from Fidelity Central Funds | 368,471 | |||
Prepaid expenses | 8,614 | |||
Other receivables | 123,337 | |||
Total assets | 3,719,216,658 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,702,560 | ||
Payable for fund shares redeemed | 3,281,071 | |||
Accrued management fee | 1,516,367 | |||
Distribution and service plan fees payable | 641,458 | |||
Other affiliated payables | 515,690 | |||
Other payables and accrued expenses | 159,151 | |||
Collateral on securities loaned | 31,421,225 | |||
Total Liabilities | 39,237,522 | |||
Net Assets | $ | 3,679,979,136 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,500,416,501 | ||
Total accumulated earnings (loss) | 1,179,562,635 | |||
Net Assets | $ | 3,679,979,136 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($1,376,077,374 ÷ 19,694,199 shares) (a) | $ | 69.87 | ||
Maximum offering price per share (100/94.25 of $69.87) | $ | 74.13 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($448,858,120 ÷ 7,024,836 shares) (a) | $ | 63.90 | ||
Maximum offering price per share (100/96.50 of $63.90) | $ | 66.22 | ||
Class C : | ||||
Net Asset Value and offering price per share ($249,611,448 ÷ 4,767,160 shares) (a) | $ | 52.36 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($1,089,458,227 ÷ 13,881,274 shares) | $ | 78.48 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($515,973,967 ÷ 6,575,771 shares) | $ | 78.47 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 11,771,280 | ||
Income from Fidelity Central Funds (including $284,015 from security lending) | 1,607,694 | |||
Total Income | 13,378,974 | |||
Expenses | ||||
Management fee | $ | 9,230,390 | ||
Transfer agent fees | 2,717,143 | |||
Distribution and service plan fees | 3,991,111 | |||
Accounting fees | 441,732 | |||
Custodian fees and expenses | 19,577 | |||
Independent trustees' fees and expenses | 6,164 | |||
Registration fees | 112,857 | |||
Audit | 40,130 | |||
Legal | 5,895 | |||
Miscellaneous | 12,805 | |||
Total expenses before reductions | 16,577,804 | |||
Expense reductions | (66,353) | |||
Total expenses after reductions | 16,511,451 | |||
Net Investment income (loss) | (3,132,477) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $880,311) | 45,905,749 | |||
Foreign currency transactions | (47,385) | |||
Total net realized gain (loss) | 45,858,364 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $875,019) | (197,804,269) | |||
Assets and liabilities in foreign currencies | 6,506 | |||
Total change in net unrealized appreciation (depreciation) | (197,797,763) | |||
Net gain (loss) | (151,939,399) | |||
Net increase (decrease) in net assets resulting from operations | $ | (155,071,876) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (3,132,477) | $ | (17,513,519) |
Net realized gain (loss) | 45,858,364 | 197,665,080 | ||
Change in net unrealized appreciation (depreciation) | (197,797,763) | (964,396,406) | ||
Net increase (decrease) in net assets resulting from operations | (155,071,876) | (784,244,845) | ||
Distributions to shareholders | (117,623,120) | (600,971,502) | ||
Share transactions - net increase (decrease) | 120,885,416 | 337,954,182 | ||
Total increase (decrease) in net assets | (151,809,580) | (1,047,262,165) | ||
Net Assets | ||||
Beginning of period | 3,831,788,716 | 4,879,050,881 | ||
End of period | $ | 3,679,979,136 | $ | 3,831,788,716 |
Fidelity Advisor® Technology Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 75.41 | $ | 102.43 | $ | 76.36 | $ | 52.61 | $ | 60.37 | $ | 52.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.08) | (.37) | (.39) | (.12) | .02 | (.13) | ||||||
Net realized and unrealized gain (loss) | (3.15) | (13.94) | 33.48 | 25.35 | 1.84 | 12.80 | ||||||
Total from investment operations | (3.23) | (14.31) | 33.09 | 25.23 | 1.86 | 12.67 | ||||||
Distributions from net realized gain | (2.31) | (12.71) | (7.02) | (1.48) | (9.62) | (4.41) | ||||||
Total distributions | (2.31) | (12.71) | (7.02) | (1.48) | (9.62) | (4.41) | ||||||
Net asset value, end of period | $ | 69.87 | $ | 75.41 | $ | 102.43 | $ | 76.36 | $ | 52.61 | $ | 60.37 |
Total Return C,D,E | (4.19)% | (16.78)% | 44.80% | 48.83% | 7.26% | 25.43% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .99% H | .97% | .98% | 1.01% | 1.03% | 1.05% | ||||||
Expenses net of fee waivers, if any | .98% H | .97% | .98% | 1.01% | 1.03% | 1.05% | ||||||
Expenses net of all reductions | .98% H | .97% | .98% | 1.01% | 1.02% | 1.04% | ||||||
Net investment income (loss) | (.22)% H | (.41)% | (.43)% | (.20)% | .04% | (.23)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,376,077 | $ | 1,467,792 | $ | 1,848,643 | $ | 1,339,059 | $ | 884,749 | $ | 825,118 |
Portfolio turnover rate I | 31% H | 20% | 44% | 40% J | 88% | 84% |
Fidelity Advisor® Technology Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 69.25 | $ | 95.15 | $ | 71.37 | $ | 49.28 | $ | 57.23 | $ | 49.63 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.14) | (.55) | (.57) | (.25) | (.10) | (.27) | ||||||
Net realized and unrealized gain (loss) | (2.90) | (12.76) | 31.22 | 23.71 | 1.63 | 12.16 | ||||||
Total from investment operations | (3.04) | (13.31) | 30.65 | 23.46 | 1.53 | 11.89 | ||||||
Distributions from net realized gain | (2.31) | (12.59) | (6.87) | (1.37) | (9.48) | (4.29) | ||||||
Total distributions | (2.31) | (12.59) | (6.87) | (1.37) | (9.48) | (4.29) | ||||||
Net asset value, end of period | $ | 63.90 | $ | 69.25 | $ | 95.15 | $ | 71.37 | $ | 49.28 | $ | 57.23 |
Total Return C,D,E | (4.29)% | (16.99)% | 44.47% | 48.44% | 7.00% | 25.09% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.23% H | 1.21% | 1.23% | 1.26% | 1.28% | 1.31% | ||||||
Expenses net of fee waivers, if any | 1.23% H | 1.21% | 1.23% | 1.26% | 1.28% | 1.31% | ||||||
Expenses net of all reductions | 1.23% H | 1.21% | 1.22% | 1.26% | 1.28% | 1.30% | ||||||
Net investment income (loss) | (.47)% H | (.65)% | (.68)% | (.45)% | (.22)% | (.49)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 448,858 | $ | 484,293 | $ | 624,534 | $ | 464,093 | $ | 321,915 | $ | 328,709 |
Portfolio turnover rate I | 31% H | 20% | 44% | 40% J | 88% | 84% |
Fidelity Advisor® Technology Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 57.35 | $ | 80.98 | $ | 61.67 | $ | 42.81 | $ | 51.18 | $ | 44.86 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.25) | (.83) | (.85) | (.46) | (.30) | (.49) | ||||||
Net realized and unrealized gain (loss) | (2.43) | (10.43) | 26.79 | 20.52 | 1.22 | 10.95 | ||||||
Total from investment operations | (2.68) | (11.26) | 25.94 | 20.06 | .92 | 10.46 | ||||||
Distributions from net realized gain | (2.31) | (12.37) | (6.63) | (1.20) | (9.29) | (4.14) | ||||||
Total distributions | (2.31) | (12.37) | (6.63) | (1.20) | (9.29) | (4.14) | ||||||
Net asset value, end of period | $ | 52.36 | $ | 57.35 | $ | 80.98 | $ | 61.67 | $ | 42.81 | $ | 51.18 |
Total Return C,D,E | (4.55)% | (17.41)% | 43.73% | 47.69% | 6.44% | 24.48% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.75% H | 1.73% | 1.75% | 1.77% | 1.79% | 1.81% | ||||||
Expenses net of fee waivers, if any | 1.75% H | 1.73% | 1.74% | 1.77% | 1.79% | 1.81% | ||||||
Expenses net of all reductions | 1.75% H | 1.73% | 1.74% | 1.77% | 1.78% | 1.80% | ||||||
Net investment income (loss) | (.98)% H | (1.17)% | (1.20)% | (.96)% | (.72)% | (.99)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 249,611 | $ | 288,008 | $ | 410,661 | $ | 343,585 | $ | 240,358 | $ | 321,616 |
Portfolio turnover rate I | 31% H | 20% | 44% | 40% J | 88% | 84% |
Fidelity Advisor® Technology Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 84.29 | $ | 112.95 | $ | 83.56 | $ | 57.41 | $ | 64.86 | $ | 55.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | (.15) | (.17) | .04 | .17 | .02 | ||||||
Net realized and unrealized gain (loss) | (3.52) | (15.67) | 36.76 | 27.72 | 2.15 | 13.71 | ||||||
Total from investment operations | (3.50) | (15.82) | 36.59 | 27.76 | 2.32 | 13.73 | ||||||
Distributions from net investment income | - | - | - | - | (.01) | - | ||||||
Distributions from net realized gain | (2.31) | (12.84) | (7.20) | (1.61) | (9.76) | (4.56) | ||||||
Total distributions | (2.31) | (12.84) | (7.20) | (1.61) | (9.77) | (4.56) | ||||||
Net asset value, end of period | $ | 78.48 | $ | 84.29 | $ | 112.95 | $ | 83.56 | $ | 57.41 | $ | 64.86 |
Total Return C,D | (4.06)% | (16.56)% | 45.18% | 49.22% | 7.56% | 25.75% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .73% G | .71% | .72% | .74% | .76% | .78% | ||||||
Expenses net of fee waivers, if any | .72% G | .71% | .72% | .74% | .76% | .78% | ||||||
Expenses net of all reductions | .72% G | .71% | .72% | .74% | .76% | .77% | ||||||
Net investment income (loss) | .04% G | (.15)% | (.18)% | .07% | .30% | .03% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,089,458 | $ | 1,129,418 | $ | 1,470,830 | $ | 1,035,091 | $ | 674,914 | $ | 734,661 |
Portfolio turnover rate H | 31% G | 20% | 44% | 40% I | 88% | 84% |
Fidelity Advisor® Technology Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 84.22 | $ | 112.81 | $ | 83.44 | $ | 57.34 | $ | 67.88 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .06 | (.04) | (.06) | .12 | .23 | |||||
Net realized and unrealized gain (loss) | (3.50) | (15.63) | 36.72 | 27.68 | (.90) | |||||
Total from investment operations | (3.44) | (15.67) | 36.66 | 27.80 | (.67) | |||||
Distributions from net investment income | - | - | - | - | (.11) | |||||
Distributions from net realized gain | (2.31) | (12.92) | (7.29) | (1.70) | (9.76) | |||||
Total distributions | (2.31) | (12.92) | (7.29) | (1.70) | (9.87) | |||||
Net asset value, end of period | $ | 78.47 | $ | 84.22 | $ | 112.81 | $ | 83.44 | $ | 57.34 |
Total Return D,E | (4.00)% | (16.46)% | 45.37% | 49.39% | 2.88% | |||||
Ratios to Average Net Assets C,F,G | ||||||||||
Expenses before reductions | .60% H | .59% | .60% | .62% | .63% H | |||||
Expenses net of fee waivers, if any | .60% H | .59% | .60% | .62% | .63% H | |||||
Expenses net of all reductions | .60% H | .59% | .60% | .62% | .62% H | |||||
Net investment income (loss) | .16% H | (.04)% | (.06)% | .19% | .53% H | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 515,974 | $ | 462,278 | $ | 524,383 | $ | 298,255 | $ | 31,619 |
Portfolio turnover rate I | 31% H | 20% | 44% | 40% J | 88% |
Top Holdings (% of Fund's net assets) | ||
NextEra Energy, Inc. | 16.0 | |
Southern Co. | 11.6 | |
Sempra Energy | 7.7 | |
Constellation Energy Corp. | 7.1 | |
PG&E Corp. | 5.1 | |
Dominion Energy, Inc. | 5.0 | |
Edison International | 4.9 | |
Exelon Corp. | 4.8 | |
FirstEnergy Corp. | 4.7 | |
PPL Corp. | 4.2 | |
71.1 | ||
Industries (% of Fund's net assets) | ||
Electric Utilities | 73.3 | |
Multi-Utilities | 20.4 | |
Independent Power and Renewable Electricity Producers | 4.3 | |
Common Stocks - 98.0% | |||
Shares | Value ($) | ||
Electric Utilities - 73.3% | |||
Electric Utilities - 73.3% | |||
Constellation Energy Corp. | 746,877 | 63,753,421 | |
Duke Energy Corp. | 287,785 | 29,483,573 | |
Edison International | 644,090 | 44,377,801 | |
Entergy Corp. | 300,294 | 32,515,834 | |
Eversource Energy | 321,167 | 26,441,679 | |
Exelon Corp. | 1,022,872 | 43,154,970 | |
FirstEnergy Corp. | 1,022,778 | 41,882,759 | |
NextEra Energy, Inc. | 1,930,548 | 144,076,797 | |
OGE Energy Corp. | 206,447 | 8,117,496 | |
PG&E Corp. (a) | 2,854,189 | 45,381,605 | |
Pinnacle West Capital Corp. | 86,072 | 6,416,668 | |
PPL Corp. | 1,264,800 | 37,438,080 | |
Southern Co. | 1,533,272 | 103,771,849 | |
Xcel Energy, Inc. | 456,200 | 31,372,874 | |
658,185,406 | |||
Independent Power and Renewable Electricity Producers - 4.3% | |||
Independent Power Producers & Energy Traders - 2.3% | |||
Energy Harbor Corp. (a)(b) | 115,400 | 8,828,100 | |
Vistra Corp. | 512,952 | 11,828,673 | |
20,656,773 | |||
Renewable Electricity - 2.0% | |||
Clearway Energy, Inc. Class A | 93,226 | 2,987,893 | |
NextEra Energy Partners LP | 198,190 | 14,527,327 | |
17,515,220 | |||
TOTAL INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS | 38,171,993 | ||
Multi-Utilities - 20.4% | |||
Multi-Utilities - 20.4% | |||
Consolidated Edison, Inc. | 58,609 | 5,586,024 | |
Dominion Energy, Inc. | 701,076 | 44,616,477 | |
NiSource, Inc. | 1,156,052 | 32,080,443 | |
Public Service Enterprise Group, Inc. | 503,005 | 31,151,100 | |
Sempra Energy | 435,000 | 69,743,550 | |
183,177,594 | |||
TOTAL COMMON STOCKS (Cost $739,894,920) | 879,534,993 | ||
Money Market Funds - 2.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (c) | 16,021,767 | 16,024,971 | |
Fidelity Securities Lending Cash Central Fund 4.38% (c)(d) | 2,702,730 | 2,703,000 | |
TOTAL MONEY MARKET FUNDS (Cost $18,727,971) | 18,727,971 | ||
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $758,622,891) | 898,262,964 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (560,731) |
NET ASSETS - 100.0% | 897,702,233 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 19,544,478 | 202,765,934 | 206,285,441 | 401,874 | - | - | 16,024,971 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 16,918,340 | 102,861,714 | 117,077,054 | 8,193 | - | - | 2,703,000 | 0.0% |
Total | 36,462,818 | 305,627,648 | 323,362,495 | 410,067 | - | - | 18,727,971 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 879,534,993 | 879,534,993 | - | - |
Money Market Funds | 18,727,971 | 18,727,971 | - | - |
Total Investments in Securities: | 898,262,964 | 898,262,964 | - | - |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,601,000) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $739,894,920) | $ | 879,534,993 | ||
Fidelity Central Funds (cost $18,727,971) | 18,727,971 | |||
Total Investment in Securities (cost $758,622,891) | $ | 898,262,964 | ||
Receivable for investments sold | 3,617,900 | |||
Receivable for fund shares sold | 1,091,810 | |||
Dividends receivable | 82,631 | |||
Distributions receivable from Fidelity Central Funds | 71,754 | |||
Prepaid expenses | 1,482 | |||
Total assets | 903,128,541 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 1,981,653 | ||
Accrued management fee | 406,971 | |||
Distribution and service plan fees payable | 157,966 | |||
Other affiliated payables | 147,001 | |||
Other payables and accrued expenses | 29,717 | |||
Collateral on securities loaned | 2,703,000 | |||
Total Liabilities | 5,426,308 | |||
Net Assets | $ | 897,702,233 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 752,647,121 | ||
Total accumulated earnings (loss) | 145,055,112 | |||
Net Assets | $ | 897,702,233 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($342,849,325 ÷ 9,272,067 shares) (a) | $ | 36.98 | ||
Maximum offering price per share (100/94.25 of $36.98) | $ | 39.24 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($71,258,830 ÷ 1,921,802 shares) (a) | $ | 37.08 | ||
Maximum offering price per share (100/96.50 of $37.08) | $ | 38.42 | ||
Class C : | ||||
Net Asset Value and offering price per share ($64,901,200 ÷ 1,801,440 shares) (a) | $ | 36.03 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($319,753,288 ÷ 8,433,847 shares) | $ | 37.91 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($98,939,590 ÷ 2,611,145 shares) | $ | 37.89 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 9,947,556 | ||
Income from Fidelity Central Funds (including $8,193 from security lending) | 410,067 | |||
Total Income | 10,357,623 | |||
Expenses | ||||
Management fee | $ | 2,342,249 | ||
Transfer agent fees | 719,329 | |||
Distribution and service plan fees | 914,167 | |||
Accounting fees | 135,103 | |||
Custodian fees and expenses | 3,046 | |||
Independent trustees' fees and expenses | 1,510 | |||
Registration fees | 88,117 | |||
Audit | 25,037 | |||
Legal | 626 | |||
Interest | 2,589 | |||
Miscellaneous | 2,627 | |||
Total expenses before reductions | 4,234,400 | |||
Expense reductions | (17,995) | |||
Total expenses after reductions | 4,216,405 | |||
Net Investment income (loss) | 6,141,218 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 18,090,330 | |||
Foreign currency transactions | (39) | |||
Total net realized gain (loss) | 18,090,291 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (52,660,771) | |||
Assets and liabilities in foreign currencies | 489 | |||
Total change in net unrealized appreciation (depreciation) | (52,660,282) | |||
Net gain (loss) | (34,569,991) | |||
Net increase (decrease) in net assets resulting from operations | $ | (28,428,773) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 6,141,218 | $ | 9,352,235 |
Net realized gain (loss) | 18,090,291 | 20,793,548 | ||
Change in net unrealized appreciation (depreciation) | (52,660,282) | 75,436,746 | ||
Net increase (decrease) in net assets resulting from operations | (28,428,773) | 105,582,529 | ||
Distributions to shareholders | (36,009,866) | (19,701,144) | ||
Share transactions - net increase (decrease) | 131,369,442 | 184,796,381 | ||
Total increase (decrease) in net assets | 66,930,803 | 270,677,766 | ||
Net Assets | ||||
Beginning of period | 830,771,430 | 560,093,664 | ||
End of period | $ | 897,702,233 | $ | 830,771,430 |
Fidelity Advisor® Utilities Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.71 | $ | 34.53 | $ | 30.67 | $ | 31.73 | $ | 31.54 | $ | 29.74 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .25 | .52 | .56 | .60 | .67 | .49 | ||||||
Net realized and unrealized gain (loss) | (1.45) | 5.84 | 3.98 | (1.03) | 2.81 | 2.38 | ||||||
Total from investment operations | (1.20) | 6.36 | 4.54 | (.43) | 3.48 | 2.87 | ||||||
Distributions from net investment income | (.38) | (.67) | (.68) | (.62) | (.48) | (.49) | ||||||
Distributions from net realized gain | (1.15) | (.51) | - | - C | (2.81) | (.58) | ||||||
Total distributions | (1.53) | (1.18) | (.68) | (.63) D | (3.29) | (1.07) | ||||||
Net asset value, end of period | $ | 36.98 | $ | 39.71 | $ | 34.53 | $ | 30.67 | $ | 31.73 | $ | 31.54 |
Total Return E,F,G | (3.05)% | 18.70% | 14.95% | (1.56)% | 11.73% | 9.84% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.02% J | 1.02% | 1.05% | 1.06% | 1.08% | 1.12% | ||||||
Expenses net of fee waivers, if any | 1.02% J | 1.02% | 1.04% | 1.06% | 1.07% | 1.11% | ||||||
Expenses net of all reductions | 1.02% J | 1.02% | 1.03% | 1.05% | 1.06% | 1.09% | ||||||
Net investment income (loss) | 1.32% J | 1.41% | 1.70% | 1.88% | 2.14% | 1.66% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 342,849 | $ | 322,060 | $ | 254,388 | $ | 249,158 | $ | 268,246 | $ | 173,999 |
Portfolio turnover rate K | 50% J | 36% | 45% | 80% L | 56% | 106% |
Fidelity Advisor® Utilities Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.81 | $ | 34.57 | $ | 30.71 | $ | 31.77 | $ | 31.58 | $ | 29.77 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .20 | .42 | .47 | .51 | .58 | .41 | ||||||
Net realized and unrealized gain (loss) | (1.45) | 5.85 | 3.99 | (1.03) | 2.81 | 2.38 | ||||||
Total from investment operations | (1.25) | 6.27 | 4.46 | (.52) | 3.39 | 2.79 | ||||||
Distributions from net investment income | (.32) | (.51) | (.60) | (.53) | (.39) | (.40) | ||||||
Distributions from net realized gain | (1.15) | (.51) | - | - C | (2.81) | (.58) | ||||||
Total distributions | (1.48) D | (1.03) D | (.60) | (.54) D | (3.20) | (.98) | ||||||
Net asset value, end of period | $ | 37.08 | $ | 39.81 | $ | 34.57 | $ | 30.71 | $ | 31.77 | $ | 31.58 |
Total Return E,F,G | (3.18)% | 18.37% | 14.63% | (1.82)% | 11.38% | 9.53% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.29% J | 1.30% | 1.32% | 1.33% | 1.36% | 1.41% | ||||||
Expenses net of fee waivers, if any | 1.28% J | 1.29% | 1.32% | 1.33% | 1.36% | 1.41% | ||||||
Expenses net of all reductions | 1.28% J | 1.29% | 1.31% | 1.33% | 1.35% | 1.39% | ||||||
Net investment income (loss) | 1.05% J | 1.14% | 1.42% | 1.60% | 1.86% | 1.36% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 71,259 | $ | 71,690 | $ | 58,065 | $ | 58,773 | $ | 61,741 | $ | 46,669 |
Portfolio turnover rate K | 50% J | 36% | 45% | 80% L | 56% | 106% |
Fidelity Advisor® Utilities Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 38.73 | $ | 33.60 | $ | 29.83 | $ | 30.90 | $ | 30.81 | $ | 29.07 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .24 | .30 | .35 | .42 | .26 | ||||||
Net realized and unrealized gain (loss) | (1.42) | 5.67 | 3.88 | (1.01) | 2.74 | 2.33 | ||||||
Total from investment operations | (1.31) | 5.91 | 4.18 | (.66) | 3.16 | 2.59 | ||||||
Distributions from net investment income | (.24) | (.27) | (.41) | (.40) | (.26) | (.27) | ||||||
Distributions from net realized gain | (1.15) | (.51) | - | - C | (2.81) | (.58) | ||||||
Total distributions | (1.39) | (.78) | (.41) | (.41) D | (3.07) | (.85) | ||||||
Net asset value, end of period | $ | 36.03 | $ | 38.73 | $ | 33.60 | $ | 29.83 | $ | 30.90 | $ | 30.81 |
Total Return E,F,G | (3.42)% | 17.78% | 14.10% | (2.28)% | 10.87% | 9.04% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.78% J | 1.78% | 1.80% | 1.81% | 1.83% | 1.87% | ||||||
Expenses net of fee waivers, if any | 1.77% J | 1.78% | 1.80% | 1.81% | 1.83% | 1.87% | ||||||
Expenses net of all reductions | 1.77% J | 1.78% | 1.79% | 1.80% | 1.82% | 1.85% | ||||||
Net investment income (loss) | .56% J | .65% | .94% | 1.12% | 1.39% | .90% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 64,901 | $ | 61,087 | $ | 49,312 | $ | 63,458 | $ | 66,525 | $ | 53,099 |
Portfolio turnover rate K | 50% J | 36% | 45% | 80% L | 56% | 106% |
Fidelity Advisor® Utilities Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 40.68 | $ | 35.39 | $ | 31.40 | $ | 32.47 | $ | 32.21 | $ | 30.35 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .64 | .66 | .71 | .76 | .59 | ||||||
Net realized and unrealized gain (loss) | (1.50) | 5.98 | 4.10 | (1.07) | 2.88 | 2.43 | ||||||
Total from investment operations | (1.19) | 6.62 | 4.76 | (.36) | 3.64 | 3.02 | ||||||
Distributions from net investment income | (.43) | (.81) | (.77) | (.71) | (.58) | (.58) | ||||||
Distributions from net realized gain | (1.15) | (.51) | - | - C | (2.81) | (.58) | ||||||
Total distributions | (1.58) | (1.33) D | (.77) | (.71) | (3.38) D | (1.16) | ||||||
Net asset value, end of period | $ | 37.91 | $ | 40.68 | $ | 35.39 | $ | 31.40 | $ | 32.47 | $ | 32.21 |
Total Return E,F | (2.95)% | 19.00% | 15.30% | (1.30)% | 12.04% | 10.14% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .76% I | .76% | .77% | .79% | .81% | .84% | ||||||
Expenses net of fee waivers, if any | .75% I | .75% | .77% | .78% | .80% | .84% | ||||||
Expenses net of all reductions | .75% I | .75% | .76% | .78% | .79% | .82% | ||||||
Net investment income (loss) | 1.58% I | 1.68% | 1.97% | 2.15% | 2.41% | 1.93% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 319,753 | $ | 269,667 | $ | 143,582 | $ | 187,833 | $ | 229,777 | $ | 55,462 |
Portfolio turnover rate J | 50% I | 36% | 45% | 80% K | 56% | 106% |
Fidelity Advisor® Utilities Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 40.66 | $ | 35.38 | $ | 31.42 | $ | 32.48 | $ | 33.14 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .34 | .69 | .71 | .74 | .63 | |||||
Net realized and unrealized gain (loss) | (1.50) | 5.98 | 4.08 | (1.04) | 2.13 | |||||
Total from investment operations | (1.16) | 6.67 | 4.79 | (.30) | 2.76 | |||||
Distributions from net investment income | (.45) | (.88) | (.83) | (.75) | (.61) | |||||
Distributions from net realized gain | (1.15) | (.51) | - | - D | (2.81) | |||||
Total distributions | (1.61) E | (1.39) | (.83) | (.76) E | (3.42) | |||||
Net asset value, end of period | $ | 37.89 | $ | 40.66 | $ | 35.38 | $ | 31.42 | $ | 32.48 |
Total Return F,G | (2.88)% | 19.17% | 15.41% | (1.15)% | 9.04% | |||||
Ratios to Average Net Assets C,H,I | ||||||||||
Expenses before reductions | .63% J | .63% | .64% | .65% | .66% J | |||||
Expenses net of fee waivers, if any | .62% J | .63% | .64% | .65% | .66% J | |||||
Expenses net of all reductions | .62% J | .63% | .63% | .64% | .64% J | |||||
Net investment income (loss) | 1.71% J | 1.81% | 2.10% | 2.29% | 2.41% J | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 98,940 | $ | 106,266 | $ | 54,746 | $ | 52,034 | $ | 17,071 |
Portfolio turnover rate K | 50% J | 36% | 45% | 80% L | 56% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $51,566,769 | Recovery value | Recovery value | $0.00 - $5.51 / $5.51 | Increase |
Market approach | Transaction price | $1.35 - $10.76 / $4.81 | Increase | ||
Discount rate | 4.7% - 33.6% / 26.7% | Decrease | |||
Discounted cash flow | Discount rate | 4.4% - 5.6% / 4.8% | Decrease | ||
Probability rate | 0.0% - 90.0% / 39.0% | Increase | |||
Term | 0.2 - 7.9 / 4.3 | Increase | |||
Black scholes | Discount rate | 3.9% | Increase | ||
Volatility | 75.0% - 90.0% / 81.5% | Increase | |||
Term | 3.0 | Increase |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $73,668,668 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 3.6 - 16.0 / 6.9 | Increase |
Recovery value | Recovery value | $5.51 | Increase | ||
Market approach | Transaction price | $7.75 - $20.56 / $14.44 | Increase | ||
Discount rate | 20.0% - 32.7% / 22.6% | Decrease | |||
Black scholes | Discount rate | 3.7% - 4.4% / 3.9% | Increase | ||
Volatility | 45.0% - 55.0% / 48.0% | Increase | |||
Term | 1.5 - 4.0 / 3.3 | Increase |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $79,015,889 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.0 - 25.0 / 12.4 | Increase |
Enterprise value/Gross profit multiple (EV/GP) | 7.5 | Increase | |||
Recovery value | Recovery value | $0.00 | Increase | ||
Market approach | Transaction price | $1.11 - $59.45 / $5.64 | Increase | ||
Discount rate | 5.0% - 75.0% / 43.6% | Decrease | |||
Premium rate | 10.0% | Increase | |||
Book value | Book value multiple | 1.5 | Increase | ||
Discounted cash flow | Weighted average cost of capital (WACC) | 30.0% | Decrease | ||
Exit multiple | 2.0 | Increase | |||
Black scholes | Discount rate | 3.6% - 4.1% / 3.7% | Increase | ||
Volatility | 50.0% - 100.0% / 81.4% | Increase | |||
Term | 2.0 - 5.0 / 4.0 | Increase | |||
Preferred Securities | $324,860 | Market approach | Transaction price | $100.00 | Increase |
Discount rate | 15.0% | Decrease | |||
Black scholes | Discount rate | 4.1% | Increase | ||
Volatility | 70.0% | Increase | |||
Term | 2.0 | Increase |
Fidelity Advisor Energy Fund | 76,927 |
Fidelity Advisor Technology Fund | 123,337 |
Tax cost | Gross unrealized appreciation | Gross unrealized depreciation | Net unrealized appreciation (depreciation) | |
Fidelity Advisor Biotechnology Fund | $1,481,262,113 | $647,780,731 | $ (185,317,910) | $462,462,821 |
Fidelity Advisor Consumer Discretionary Fund | 272,679,855 | 172,490,539 | (16,833,320) | 155,657,219 |
Fidelity Advisor Energy Fund | 1,089,790,169 | 662,764,825 | (19,667,997) | 643,096,828 |
Fidelity Advisor Financial Services Fund | 502,398,777 | 113,765,279 | (22,583,626) | 91,181,653 |
Fidelity Advisor Health Care Fund | 4,419,946,445 | 2,134,614,058 | (370,885,798) | 1,763,728,260 |
Fidelity Advisor Industrials Fund | 491,618,715 | 103,185,217 | (4,406,496) | 98,778,721 |
Fidelity Advisor Semiconductors Fund | 602,347,304 | 263,319,492 | (32,251,613) | 231,067,879 |
Fidelity Advisor Technology Fund | 2,506,542,808 | 1,473,661,199 | (288,305,371) | 1,185,355,828 |
Fidelity Advisor Utilities Fund | 762,096,546 | 153,949,036 | (17,782,618) | 136,166,418 |
Short-term | Long-term | Total capital loss carryforward | |
Fidelity Advisor Energy Fund | $(176,483,466) | $(140,360,404) | $(316,843,870) |
Capital losses | Ordinary losses | |
Fidelity Advisor Biotechnology Fund | $(112,199,146) | $- |
Fidelity Advisor Consumer Discretionary Fund | (17,015,738) | (1,142,847) |
Fidelity Advisor Financial Services Fund | (4,572,117) | - |
Fidelity Advisor Health Care Fund | (69,569,948) | (11,301,927) |
Fidelity Advisor Industrials Fund | (5,993,316) | - |
Fidelity Advisor Semiconductors Fund | - | (1,400,384) |
Fidelity Advisor Technology Fund | - | (9,615,782) |
$ Amount | % of Net Assets | |
Fidelity Advisor Health Care Fund | 5,424,907 | .09 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Biotechnology Fund | 605,767,850 | 697,358,197 |
Fidelity Advisor Consumer Discretionary Fund | 94,840,517 | 107,785,197 |
Fidelity Advisor Energy Fund | 240,672,443 | 139,963,685 |
Fidelity Advisor Financial Services Fund | 152,294,599 | 121,611,653 |
Fidelity Advisor Health Care Fund | 1,197,150,520 | 1,385,334,016 |
Fidelity Advisor Industrials Fund | 309,399,070 | 279,815,995 |
Fidelity Advisor Semiconductors Fund | 150,967,788 | 173,120,854 |
Fidelity Advisor Technology Fund | 527,542,557 | 555,808,026 |
Fidelity Advisor Utilities Fund | 329,685,293 | 215,617,252 |
Individual Rate | Group Rate | Total | |
Fidelity Advisor Biotechnology Fund | .30% | .23% | .53% |
Fidelity Advisor Consumer Discretionary Fund | .30% | .23% | .53% |
Fidelity Advisor Energy Fund | .30% | .23% | .53% |
Fidelity Advisor Financial Services Fund | .30% | .23% | .53% |
Fidelity Advisor Health Care Fund | .30% | .23% | .53% |
Fidelity Advisor Industrials Fund | .30% | .23% | .53% |
Fidelity Advisor Semiconductors Fund | .30% | .23% | .53% |
Fidelity Advisor Technology Fund | .30% | .23% | .53% |
Fidelity Advisor Utilities Fund | .30% | .23% | .53% |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Fidelity Advisor Biotechnology Fund | ||||
Class A | - % | .25% | $813,769 | $1,088 |
Class M | .25% | .25% | 300,851 | - |
Class C | .75% | .25% | 860,423 | 37,982 |
$1,975,043 | $39,070 | |||
Fidelity Advisor Consumer Discretionary Fund | ||||
Class A | - % | .25% | $209,678 | $473 |
Class M | .25% | .25% | 78,168 | - |
Class C | .75% | .25% | 233,127 | 11,856 |
$520,973 | $12,329 | |||
Fidelity Advisor Energy Fund | ||||
Class A | - % | .25% | $495,463 | $12,484 |
Class M | .25% | .25% | 294,744 | - |
Class C | .75% | .25% | 552,988 | 127,556 |
$1,343,195 | $140,040 | |||
Fidelity Advisor Financial Services Fund | ||||
Class A | - % | .25% | $233,745 | $3,494 |
Class M | .25% | .25% | 171,480 | - |
Class C | .75% | .25% | 276,164 | 41,018 |
$681,389 | $44,512 | |||
Fidelity Advisor Health Care Fund | ||||
Class A | - % | .25% | $ 1,846,699 | $8,342 |
Class M | .25% | .25% | 810,639 | - |
Class C | .75% | .25% | 2,348,451 | 128,580 |
$5,005,789 | $136,922 | |||
Fidelity Advisor Industrials Fund | ||||
Class A | - % | .25% | $261,370 | $364 |
Class M | .25% | .25% | 121,586 | - |
Class C | .75% | .25% | 175,909 | 8,134 |
$558,865 | $8,498 | |||
Fidelity Advisor Semiconductors Fund | ||||
Class A | - % | .25% | $363,208 | $8,378 |
Class M | .25% | .25% | 109,293 | - |
Class C | .75% | .25% | 390,120 | 69,953 |
$862,621 | $78,331 | |||
Fidelity Advisor Technology Fund | ||||
Class A | - % | .25% | $ 1,651,722 | $8,621 |
Class M | .25% | .25% | 1,082,256 | - |
Class C | .75% | .25% | 1,257,133 | 88,031 |
$3,991,111 | $96,652 | |||
Fidelity Advisor Utilities Fund | ||||
Class A | - % | .25% | $416,691 | $8,264 |
Class M | .25% | .25% | 179,712 | - |
Class C | .75% | .25% | 317,764 | 56,432 |
$914,167 | $64,696 |
Retained by FDC | |
Fidelity Advisor Biotechnology Fund | |
Class A | $42,119 |
Class M | 4,407 |
Class C A | 621 |
$47,147 | |
Fidelity Advisor Consumer Discretionary Fund | |
Class A | $11,824 |
Class M | 1,280 |
Class C A | 213 |
$13,317 | |
Fidelity Advisor Energy Fund | |
Class A | $168,990 |
Class M | 10,458 |
Class C A | 532 |
$179,980 | |
Fidelity Advisor Financial Services Fund | |
Class A | $19,303 |
Class M | 1,528 |
Class C A | 179 |
$21,010 | |
Fidelity Advisor Health Care Fund | |
Class A | $147,388 |
Class M | 12,831 |
Class C A | 899 |
$161,118 | |
Fidelity Advisor Industrials Fund | |
Class A | $9,643 |
Class M | 1,221 |
Class C A | 84 |
$10,948 | |
Fidelity Advisor Semiconductors Fund | |
Class A | $102,281 |
Class M | 2,931 |
Class C A | 1,136 |
$106,348 | |
Fidelity Advisor Technology Fund | |
Class A | $150,957 |
Class M | 11,993 |
Class C A | 959 |
$163,909 | |
Fidelity Advisor Utilities Fund | |
Class A | $154,863 |
Class M | 8,457 |
Class C A | 787 |
$164,107 |
Amount | % of Class-Level Average Net Assets A | |
Fidelity Advisor Biotechnology Fund | ||
Class A | $620,994 | .19 |
Class M | 130,827 | .22 |
Class C | 169,847 | .20 |
Class I | 650,532 | .17 |
Class Z | 12,751 | .04 |
$1,584,951 | ||
Fidelity Advisor Consumer Discretionary Fund | ||
Class A | $160,093 | .19 |
Class M | 32,637 | .21 |
Class C | 45,862 | .20 |
Class I | 85,583 | .16 |
Class Z | 11,917 | .04 |
$336,092 | ||
Fidelity Advisor Energy Fund | ||
Class A | $365,563 | .18 |
Class M | 115,389 | .20 |
Class C | 99,618 | .18 |
Class I | 482,566 | .16 |
Class Z | 63,503 | .04 |
$1,126,639 | ||
Fidelity Advisor Financial Services Fund | ||
Class A | $181,046 | .19 |
Class M | 63,774 | .19 |
Class C | 53,120 | .19 |
Class I | 109,462 | .17 |
Class Z | 20,137 | .04 |
$427,539 | ||
Fidelity Advisor Health Care Fund | ||
Class A | $ 1,325,693 | .18 |
Class M | 295,327 | .18 |
Class C | 429,744 | .18 |
Class I | 2,276,463 | .17 |
Class Z | 173,063 | .04 |
$4,500,290 | ||
Fidelity Advisor Industrials Fund | ||
Class A | $194,434 | .19 |
Class M | 46,331 | .19 |
Class C | 34,023 | .19 |
Class I | 110,332 | .17 |
Class Z | 13,832 | .04 |
$398,952 | ||
Fidelity Advisor Semiconductors Fund | ||
Class A | $266,352 | .18 |
Class M | 41,900 | .19 |
Class C | 74,568 | .19 |
Class I | 227,298 | .16 |
Class Z | 8,574 | .04 |
$618,692 | ||
Fidelity Advisor Technology Fund | ||
Class A | $ 1,163,552 | .18 |
Class M | 369,562 | .17 |
Class C | 241,004 | .19 |
Class I | 845,817 | .16 |
Class Z | 97,208 | .04 |
$2,717,143 | ||
Fidelity Advisor Utilities Fund | ||
Class A | $306,639 | .18 |
Class M | 72,060 | .20 |
Class C | 60,136 | .19 |
Class I | 256,019 | .17 |
Class Z | 24,475 | .04 |
$719,329 |
% of Average Net Assets | |
Fidelity Advisor Biotechnology Fund | .03 |
Fidelity Advisor Consumer Discretionary Fund | .04 |
Fidelity Advisor Energy Fund | .03 |
Fidelity Advisor Financial Services Fund | .03 |
Fidelity Advisor Health Care Fund | .02 |
Fidelity Advisor Industrials Fund | .04 |
Fidelity Advisor Semiconductors Fund | .03 |
Fidelity Advisor Technology Fund | .03 |
Fidelity Advisor Utilities Fund | .03 |
Amount | |
Fidelity Advisor Biotechnology Fund | $22,737 |
Fidelity Advisor Consumer Discretionary Fund | 2,077 |
Fidelity Advisor Energy Fund | 4,328 |
Fidelity Advisor Financial Services Fund | 2,464 |
Fidelity Advisor Health Care Fund | 26,904 |
Fidelity Advisor Industrials Fund | 5,006 |
Fidelity Advisor Semiconductors Fund | 2,379 |
Fidelity Advisor Technology Fund | 6,837 |
Fidelity Advisor Utilities Fund | 4,792 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Advisor Energy Fund | Borrower | $7,462,500 | 3.32% | $2,749 |
Fidelity Advisor Industrials Fund | Borrower | $ 9,396,000 | 4.57% | $1,191 |
Fidelity Advisor Utilities Fund | Borrower | $ 5,105,000 | 4.57% | $2,589 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Biotechnology Fund | 45,849,995 | 55,223,932 | (34,186) |
Fidelity Advisor Consumer Discretionary Fund | 5,125,234 | 3,105,882 | 138,938 |
Fidelity Advisor Energy Fund | 19,322,235 | 8,584,392 | 1,125,724 |
Fidelity Advisor Financial Services Fund | 5,137,662 | 11,405,182 | 187,571 |
Fidelity Advisor Health Care Fund | 109,850,766 | 95,708,724 | 10,070,566 |
Fidelity Advisor Industrials Fund | 10,388,588 | 8,390,431 | 246,790 |
Fidelity Advisor Semiconductors Fund | 7,478,305 | 9,877,983 | (521,260) |
Fidelity Advisor Technology Fund | 23,923,549 | 45,555,356 | 13,639,079 |
Fidelity Advisor Utilities Fund | 6,316,583 | 3,783,156 | (233,282) |
Amount ($) | |
Fidelity Advisor Biotechnology Fund | 33,577 |
Amount | |
Fidelity Advisor Biotechnology Fund | $2,313 |
Fidelity Advisor Consumer Discretionary Fund | 567 |
Fidelity Advisor Energy Fund | 1,926 |
Fidelity Advisor Financial Services Fund | 700 |
Fidelity Advisor Health Care Fund | 7,679 |
Fidelity Advisor Industrials Fund | 644 |
Fidelity Advisor Semiconductors Fund | 1,003 |
Fidelity Advisor Technology Fund | 4,845 |
Fidelity Advisor Utilities Fund | 1,096 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Biotechnology Fund | $99,961 | $18,439 | $143,435 |
Fidelity Advisor Consumer Discretionary Fund | $6,162 | $5,645 | $632,626 |
Fidelity Advisor Energy Fund | $5,391 | $- | $- |
Fidelity Advisor Financial Services Fund | $328 | $- | $- |
Fidelity Advisor Health Care Fund | $34,318 | $8,938 | $26,082 |
Fidelity Advisor Industrials Fund | $1,479 | $- | $- |
Fidelity Advisor Semiconductors Fund | $49,914 | $14,388 | $- |
Fidelity Advisor Technology Fund | $30,480 | $5,569 | $- |
Fidelity Advisor Utilities Fund | $821 | $- | $- |
Custodian credits | Transfer Agent credits | |
Fidelity Advisor Biotechnology Fund | $- | $1,499 |
Fidelity Advisor Consumer Discretionary Fund | - | 46 |
Fidelity Advisor Energy Fund | - | 721 |
Fidelity Advisor Financial Services Fund | - | 173 |
Fidelity Advisor Health Care Fund | 1,116 | 827 |
Fidelity Advisor Industrials Fund | - | 334 |
Fidelity Advisor Semiconductors Fund | 30 | 331 |
Fidelity Advisor Technology Fund | 347 | 674 |
Fidelity Advisor Utilities Fund | 205 | 414 |
Fund-Level Amount | |
Fidelity Advisor Biotechnology Fund | $33,626 |
Fidelity Advisor Consumer Discretionary Fund | 7,539 |
Fidelity Advisor Energy Fund | 28,248 |
Fidelity Advisor Financial Services Fund | 9,996 |
Fidelity Advisor Health Care Fund | 109,946 |
Fidelity Advisor Industrials Fund | 9,236 |
Fidelity Advisor Semiconductors Fund | 13,661 |
Fidelity Advisor Technology Fund | 65,332 |
Fidelity Advisor Utilities Fund | 17,376 |
Six months ended January 31, 2023 | Year ended July 31, 2022 | |
Fidelity Advisor Biotechnology Fund | ||
Distributions to shareholders | ||
Class A | $- | $130,319,328 |
Class M | - | 27,259,940 |
Class C | - | 56,696,827 |
Class I | - | 161,275,417 |
Class Z | - | 13,691,301 |
Total | $- | $389,242,813 |
Fidelity Advisor Consumer Discretionary Fund | ||
Distributions to shareholders | ||
Class A | $ 6,879,290 | $ 16,168,980 |
Class M | 1,398,366 | 3,125,065 |
Class C | 2,491,017 | 6,086,253 |
Class I | 3,782,125 | 13,848,199 |
Class Z | 2,612,656 | 5,612,122 |
Total | $17,163,454 | $44,840,619 |
Fidelity Advisor Energy Fund | ||
Distributions to shareholders | ||
Class A | $ 8,548,484 | $ 4,229,952 |
Class M | 2,095,293 | 1,304,332 |
Class C | 1,833,534 | 978,471 |
Class I | 13,584,550 | 4,763,295 |
Class Z | 7,375,972 | 3,498,287 |
Total | $33,437,833 | $14,774,337 |
Fidelity Advisor Financial Services Fund | ||
Distributions to shareholders | ||
Class A | $ 10,343,819 | $ 8,215,386 |
Class M | 3,691,281 | 2,766,606 |
Class C | 2,770,639 | 2,294,171 |
Class I | 7,089,508 | 5,648,531 |
Class Z | 6,890,192 | 2,085,902 |
Total | $30,785,439 | $21,010,596 |
Fidelity Advisor Health Care Fund | ||
Distributions to shareholders | ||
Class A | $- | $ 103,562,390 |
Class M | - | 25,573,033 |
Class C | - | 52,054,574 |
Class I | - | 186,427,506 |
Class Z | - | 53,845,065 |
Total | $- | $421,462,568 |
Fidelity Advisor Industrials Fund | ||
Distributions to shareholders | ||
Class A | $ 7,071,012 | $ 48,588,464 |
Class M | 1,678,793 | 10,790,903 |
Class C | 1,387,568 | 10,633,855 |
Class I | 4,233,189 | 43,185,214 |
Class Z | 3,179,380 | 8,702,749 |
Total | $17,549,942 | $121,901,185 |
Fidelity Advisor Semiconductors Fund | ||
Distributions to shareholders | ||
Class A | $ 8,928,808 | $ 16,894,260 |
Class M | 1,417,206 | 3,024,406 |
Class C | 2,898,996 | 5,665,807 |
Class I | 7,802,658 | 15,905,080 |
Class Z | 1,111,011 | 2,418,893 |
Total | $22,158,679 | $43,908,446 |
Fidelity Advisor Technology Fund | ||
Distributions to shareholders | ||
Class A | $ 44,657,947 | $ 228,756,732 |
Class M | 15,873,514 | 82,459,541 |
Class C | 11,031,237 | 60,838,976 |
Class I | 31,149,239 | 166,955,477 |
Class Z | 14,911,183 | 61,960,776 |
Total | $117,623,120 | $600,971,502 |
Fidelity Advisor Utilities Fund | ||
Distributions to shareholders | ||
Class A | $ 13,450,986 | $ 8,686,807 |
Class M | 2,770,809 | 1,704,212 |
Class C | 2,380,194 | 1,133,319 |
Class I | 12,463,344 | 5,976,790 |
Class Z | 4,944,533 | 2,200,016 |
Total | $36,009,866 | $19,701,144 |
Shares | Shares | Dollars | Dollars | |
Six months ended January 31, 2023 | Year ended July 31, 2022 | Six months ended January 31, 2023 | Year ended July 31, 2022 | |
Fidelity Advisor Biotechnology Fund | ||||
Class A | ||||
Shares sold | 1,555,561 | 4,418,691 | $38,269,969 | $117,800,031 |
Reinvestment of distributions | - | 4,440,754 | - | 118,923,402 |
Shares redeemed | (2,379,019) | (6,636,216) | (58,126,576) | (173,909,401) |
Net increase (decrease) | (823,458) | 2,223,229 | $(19,856,607) | $62,814,032 |
Class M | ||||
Shares sold | 416,390 | 525,275 | $9,358,812 | $13,292,225 |
Reinvestment of distributions | - | 1,096,046 | - | 26,962,677 |
Shares redeemed | (576,207) | (1,501,866) | (12,982,236) | (35,974,200) |
Net increase (decrease) | (159,817) | 119,455 | $(3,623,424) | $4,280,702 |
Class C | ||||
Shares sold | 244,706 | 766,454 | $4,686,599 | $16,982,361 |
Reinvestment of distributions | - | 2,615,104 | - | 55,231,000 |
Shares redeemed | (1,938,245) | (5,864,679) | (37,274,942) | (124,192,429) |
Net increase (decrease) | (1,693,539) | (2,483,121) | $(32,588,343) | $(51,979,068) |
Class I | ||||
Shares sold | 2,460,591 | 6,204,658 | $65,863,168 | $172,889,033 |
Reinvestment of distributions | - | 4,712,583 | - | 137,418,918 |
Shares redeemed | (3,457,205) | (14,133,354) | (92,064,150) | (400,482,702) |
Net increase (decrease) | (996,614) | (3,216,113) | $(26,200,982) | $(90,174,751) |
Class Z | ||||
Shares sold | 248,781 | 880,421 | $6,692,996 | $25,302,163 |
Reinvestment of distributions | - | 396,056 | - | 11,564,840 |
Shares redeemed | (807,986) | (1,224,670) | (21,212,849) | (34,702,053) |
Net increase (decrease) | (559,205) | 51,807 | $(14,519,853) | $2,164,950 |
Fidelity Advisor Consumer Discretionary Fund | ||||
Class A | ||||
Shares sold | 331,238 | 723,542 | $10,851,389 | $30,840,312 |
Reinvestment of distributions | 213,123 | 360,797 | 6,683,534 | 15,705,493 |
Shares redeemed | (730,709) | (1,390,561) | (23,112,774) | (56,239,450) |
Net increase (decrease) | (186,348) | (306,222) | $(5,577,851) | $(9,693,645) |
Class M | ||||
Shares sold | 24,177 | 86,533 | $734,920 | $3,353,263 |
Reinvestment of distributions | 48,202 | 76,937 | 1,382,434 | 3,082,116 |
Shares redeemed | (125,322) | (213,236) | (3,594,638) | (7,704,372) |
Net increase (decrease) | (52,943) | (49,766) | $(1,477,284) | $(1,268,993) |
Class C | ||||
Shares sold | 74,929 | 194,917 | $1,910,124 | $6,446,705 |
Reinvestment of distributions | 104,635 | 180,010 | 2,480,887 | 6,046,548 |
Shares redeemed | (402,592) | (756,125) | (9,710,102) | (23,161,684) |
Net increase (decrease) | (223,028) | (381,198) | $(5,319,091) | $(10,668,431) |
Class I | ||||
Shares sold | 436,884 | 957,939 | $16,282,730 | $43,970,719 |
Reinvestment of distributions | 105,097 | 261,935 | 3,632,142 | 12,486,421 |
Shares redeemed | (953,979) | (3,334,868) | (33,129,951) | (149,620,424) |
Net increase (decrease) | (411,998) | (2,114,994) | $(13,215,079) | $(93,163,284) |
Class Z | ||||
Shares sold | 1,098,873 | 921,806 | $36,405,979 | $38,859,222 |
Reinvestment of distributions | 73,211 | 92,881 | 2,541,170 | 4,440,626 |
Shares redeemed | (401,001) | (1,603,367) | (13,943,074) | (72,794,398) |
Net increase (decrease) | 771,083 | (588,680) | $25,004,075 | $(29,494,550) |
Fidelity Advisor Energy Fund | ||||
Class A | ||||
Shares sold | 2,003,203 | 5,586,497 | $85,452,338 | $197,644,201 |
Reinvestment of distributions | 200,786 | 154,393 | 8,284,422 | 4,035,842 |
Shares redeemed | (1,625,068) | (4,025,817) | (67,847,289) | (132,157,901) |
Net increase (decrease) | 578,921 | 1,715,073 | $25,889,471 | $69,522,142 |
Class M | ||||
Shares sold | 256,776 | 1,108,281 | $11,179,271 | $38,124,228 |
Reinvestment of distributions | 48,467 | 47,378 | 2,057,403 | 1,273,515 |
Shares redeemed | (404,928) | (925,853) | (17,167,133) | (30,500,389) |
Net increase (decrease) | (99,685) | 229,806 | $(3,930,459) | $8,897,354 |
Class C | ||||
Shares sold | 434,409 | 1,487,293 | $17,001,388 | $49,538,922 |
Reinvestment of distributions | 46,957 | 39,776 | 1,773,567 | 954,633 |
Shares redeemed | (600,478) | (1,191,755) | (22,967,554) | (35,900,925) |
Net increase (decrease) | (119,112) | 335,314 | $(4,192,599) | $14,592,630 |
Class I | ||||
Shares sold | 4,179,142 | 11,878,651 | $188,191,989 | $442,734,533 |
Reinvestment of distributions | 282,440 | 152,645 | 12,342,610 | 4,219,114 |
Shares redeemed | (3,411,701) | (6,391,600) | (149,981,337) | (232,390,112) |
Net increase (decrease) | 1,049,881 | 5,639,696 | $50,553,262 | $214,563,535 |
Class Z | ||||
Shares sold | 2,741,781 | 8,049,496 | $121,836,098 | $277,617,915 |
Reinvestment of distributions | 162,239 | 121,637 | 7,071,987 | 3,353,536 |
Shares redeemed | (2,006,671) | (5,140,446) | (88,293,920) | (187,048,074) |
Net increase (decrease) | 897,349 | 3,030,687 | $40,614,165 | $93,923,377 |
Fidelity Advisor Financial Services Fund | ||||
Class A | ||||
Shares sold | 577,320 | 2,078,376 | $15,197,313 | $61,073,336 |
Reinvestment of distributions | 408,291 | 277,980 | 9,950,057 | 7,866,833 |
Shares redeemed | (871,112) | (1,537,466) | (22,619,452) | (43,023,094) |
Net increase (decrease) | 114,499 | 818,890 | $2,527,918 | $25,917,075 |
Class M | ||||
Shares sold | 180,795 | 1,004,137 | $4,670,486 | $29,329,128 |
Reinvestment of distributions | 150,930 | 97,289 | 3,634,395 | 2,722,139 |
Shares redeemed | (266,522) | (593,594) | (6,806,009) | (16,539,094) |
Net increase (decrease) | 65,203 | 507,832 | $1,498,872 | $15,512,173 |
Class C | ||||
Shares sold | 89,129 | 727,321 | $2,173,090 | $19,854,552 |
Reinvestment of distributions | 121,519 | 86,295 | 2,753,627 | 2,279,042 |
Shares redeemed | (395,313) | (618,443) | (9,661,291) | (16,237,901) |
Net increase (decrease) | (184,665) | 195,173 | $(4,734,574) | $5,895,693 |
Class I | ||||
Shares sold | 867,348 | 3,616,649 | $23,565,606 | $109,262,113 |
Reinvestment of distributions | 277,356 | 187,755 | 6,989,374 | 5,484,338 |
Shares redeemed | (1,177,985) | (3,023,204) | (31,653,474) | (87,083,084) |
Net increase (decrease) | (33,281) | 781,200 | $(1,098,494) | $27,663,367 |
Class Z | ||||
Shares sold | 2,980,012 | 2,119,564 | $78,117,742 | $63,792,422 |
Reinvestment of distributions | 239,686 | 66,623 | 6,020,924 | 1,941,402 |
Shares redeemed | (1,023,317) | (1,547,460) | (27,553,881) | (45,372,699) |
Net increase (decrease) | 2,196,381 | 638,727 | $56,584,785 | $20,361,125 |
Fidelity Advisor Health Care Fund | ||||
Class A | ||||
Shares sold | 1,847,803 | 3,747,789 | $105,922,981 | $233,179,014 |
Reinvestment of distributions | - | 1,495,405 | - | 96,348,946 |
Shares redeemed | (1,922,614) | (4,339,266) | (110,121,630) | (264,349,157) |
Net increase (decrease) | (74,811) | 903,928 | $(4,198,649) | $65,178,803 |
Class M | ||||
Shares sold | 177,561 | 435,333 | $9,322,910 | $25,121,427 |
Reinvestment of distributions | - | 424,487 | - | 25,095,629 |
Shares redeemed | (395,159) | (855,683) | (20,821,798) | (48,110,063) |
Net increase (decrease) | (217,598) | 4,137 | $(11,498,888) | $2,106,993 |
Class C | ||||
Shares sold | 430,094 | 1,035,114 | $18,389,489 | $49,790,284 |
Reinvestment of distributions | - | 1,046,899 | - | 50,596,635 |
Shares redeemed | (1,861,641) | (3,477,708) | (79,474,300) | (158,966,919) |
Net increase (decrease) | (1,431,547) | (1,395,695) | $(61,084,811) | $(58,580,000) |
Class I | ||||
Shares sold | 3,986,271 | 10,728,410 | $253,527,282 | $730,079,020 |
Reinvestment of distributions | - | 2,309,604 | - | 164,674,774 |
Shares redeemed | (5,445,046) | (14,652,690) | (346,155,197) | (969,895,308) |
Net increase (decrease) | (1,458,775) | (1,614,676) | $(92,627,915) | $(75,141,514) |
Class Z | ||||
Shares sold | 3,102,498 | 4,032,990 | $193,441,308 | $272,822,935 |
Reinvestment of distributions | - | 589,521 | - | 42,068,205 |
Shares redeemed | (3,117,750) | (4,279,711) | (197,200,857) | (283,294,012) |
Net increase (decrease) | (15,252) | 342,800 | $(3,759,549) | $31,597,128 |
Fidelity Advisor Industrials Fund | ||||
Class A | ||||
Shares sold | 199,466 | 603,316 | $6,808,354 | $23,516,059 |
Reinvestment of distributions | 199,881 | 1,213,535 | 6,692,020 | 45,750,285 |
Shares redeemed | (548,789) | (1,335,197) | (18,658,513) | (50,895,928) |
Net increase (decrease) | (149,442) | 481,654 | $(5,158,139) | $18,370,416 |
Class M | ||||
Shares sold | 59,456 | 174,759 | $1,955,031 | $6,661,118 |
Reinvestment of distributions | 51,559 | 291,480 | 1,664,332 | 10,627,377 |
Shares redeemed | (97,558) | (247,645) | (3,204,841) | (9,084,966) |
Net increase (decrease) | 13,457 | 218,594 | $414,522 | $8,203,529 |
Class C | ||||
Shares sold | 30,615 | 111,395 | $872,289 | $3,612,202 |
Reinvestment of distributions | 49,445 | 331,819 | 1,376,542 | 10,545,204 |
Shares redeemed | (213,777) | (548,802) | (6,072,258) | (17,779,500) |
Net increase (decrease) | (133,717) | (105,588) | $(3,823,427) | $(3,622,094) |
Class I | ||||
Shares sold | 410,481 | 1,309,576 | $15,280,806 | $56,025,544 |
Reinvestment of distributions | 106,079 | 874,167 | 3,845,348 | 35,517,393 |
Shares redeemed | (938,464) | (3,337,326) | (34,177,161) | (133,702,575) |
Net increase (decrease) | (421,904) | (1,153,583) | $(15,051,007) | $(42,159,638) |
Class Z | ||||
Shares sold | 2,239,818 | 414,017 | $75,612,984 | $17,587,181 |
Reinvestment of distributions | 86,441 | 127,360 | 3,128,307 | 5,164,450 |
Shares redeemed | (394,476) | (923,868) | (14,581,551) | (37,613,581) |
Net increase (decrease) | 1,931,783 | (382,491) | $64,159,740 | $(14,861,950) |
Fidelity Advisor Semiconductors Fund | ||||
Class A | ||||
Shares sold | 937,338 | 2,860,692 | $36,937,529 | $141,379,185 |
Reinvestment of distributions | 219,674 | 305,160 | 8,824,286 | 16,570,155 |
Shares redeemed | (786,936) | (1,755,975) | (29,896,756) | (81,055,946) |
Net increase (decrease) | 370,076 | 1,409,877 | $15,865,059 | $76,893,394 |
Class M | ||||
Shares sold | 171,842 | 274,328 | $6,576,710 | $13,314,173 |
Reinvestment of distributions | 37,061 | 58,420 | 1,398,675 | 2,991,086 |
Shares redeemed | (84,436) | (272,402) | (2,976,671) | (12,460,105) |
Net increase (decrease) | 124,467 | 60,346 | $4,998,714 | $3,845,154 |
Class C | ||||
Shares sold | 218,422 | 848,794 | $7,168,804 | $34,916,166 |
Reinvestment of distributions | 88,413 | 126,023 | 2,894,656 | 5,653,413 |
Shares redeemed | (368,271) | (694,995) | (11,547,093) | (26,741,267) |
Net increase (decrease) | (61,436) | 279,822 | $(1,483,633) | $13,828,312 |
Class I | ||||
Shares sold | 1,130,643 | 4,659,880 | $47,867,875 | $244,049,201 |
Reinvestment of distributions | 177,505 | 250,734 | 7,666,452 | 14,570,164 |
Shares redeemed | (1,702,887) | (3,378,308) | (69,321,509) | (169,937,377) |
Net increase (decrease) | (394,739) | 1,532,306 | $(13,787,182) | $88,681,988 |
Class Z | ||||
Shares sold | 133,708 | 955,357 | $5,443,302 | $50,804,090 |
Reinvestment of distributions | 20,319 | 35,604 | 877,292 | 2,067,182 |
Shares redeemed | (250,330) | (494,861) | (10,110,316) | (24,155,858) |
Net increase (decrease) | (96,303) | 496,100 | $(3,789,722) | $28,715,414 |
Fidelity Advisor Technology Fund | ||||
Class A | ||||
Shares sold | 1,151,193 | 2,519,136 | $78,093,205 | $232,706,169 |
Reinvestment of distributions | 628,818 | 2,240,274 | 42,659,028 | 218,314,727 |
Shares redeemed | (1,550,470) | (3,342,272) | (103,626,782) | (298,760,229) |
Net increase (decrease) | 229,541 | 1,417,138 | $17,125,451 | $152,260,667 |
Class M | ||||
Shares sold | 267,891 | 697,044 | $16,875,526 | $59,786,363 |
Reinvestment of distributions | 252,456 | 907,716 | 15,667,386 | 81,358,575 |
Shares redeemed | (488,456) | (1,175,809) | (30,269,340) | (96,678,322) |
Net increase (decrease) | 31,891 | 428,951 | $2,273,572 | $44,466,616 |
Class C | ||||
Shares sold | 234,842 | 583,339 | $12,049,774 | $41,708,463 |
Reinvestment of distributions | 213,030 | 804,256 | 10,843,236 | 59,884,931 |
Shares redeemed | (702,777) | (1,436,860) | (35,471,575) | (98,189,544) |
Net increase (decrease) | (254,905) | (49,265) | $(12,578,565) | $3,403,850 |
Class I | ||||
Shares sold | 2,069,911 | 3,867,129 | $157,663,262 | $384,870,571 |
Reinvestment of distributions | 387,393 | 1,447,115 | 29,507,702 | 157,373,714 |
Shares redeemed | (1,975,873) | (4,936,086) | (149,567,621) | (483,932,095) |
Net increase (decrease) | 481,431 | 378,158 | $37,603,343 | $58,312,190 |
Class Z | ||||
Shares sold | 1,914,043 | 2,088,418 | $139,112,498 | $199,301,687 |
Reinvestment of distributions | 169,093 | 520,545 | 12,873,087 | 56,520,804 |
Shares redeemed | (996,573) | (1,767,962) | (75,523,970) | (176,311,632) |
Net increase (decrease) | 1,086,563 | 841,001 | $76,461,615 | $79,510,859 |
Fidelity Advisor Utilities Fund | ||||
Class A | ||||
Shares sold | 1,620,632 | 2,038,098 | $62,444,633 | $76,451,481 |
Reinvestment of distributions | 350,346 | 227,863 | 13,101,448 | 8,404,572 |
Shares redeemed | (808,707) | (1,522,462) | (30,839,158) | (55,946,312) |
Net increase (decrease) | 1,162,271 | 743,499 | $44,706,923 | $28,909,741 |
Class M | ||||
Shares sold | 195,928 | 280,727 | $7,610,215 | $10,659,633 |
Reinvestment of distributions | 72,367 | 45,465 | 2,716,197 | 1,678,440 |
Shares redeemed | (147,163) | (204,995) | (5,616,686) | (7,562,685) |
Net increase (decrease) | 121,132 | 121,197 | $4,709,726 | $4,775,388 |
Class C | ||||
Shares sold | 401,407 | 455,467 | $15,172,257 | $16,708,391 |
Reinvestment of distributions | 64,901 | 31,528 | 2,371,380 | 1,129,916 |
Shares redeemed | (242,162) | (377,473) | (8,980,294) | (13,548,566) |
Net increase (decrease) | 224,146 | 109,522 | $8,563,343 | $4,289,741 |
Class I | ||||
Shares sold | 3,512,961 | 4,333,877 | $139,667,315 | $167,495,499 |
Reinvestment of distributions | 318,170 | 154,482 | 12,185,006 | 5,854,917 |
Shares redeemed | (2,026,354) | (1,916,822) | (78,469,224) | (71,914,451) |
Net increase (decrease) | 1,804,777 | 2,571,537 | $73,383,097 | $101,435,965 |
Class Z | ||||
Shares sold | 1,275,147 | 2,215,889 | $49,759,477 | $87,714,810 |
Reinvestment of distributions | 113,957 | 46,255 | 4,361,291 | 1,754,820 |
Shares redeemed | (1,391,640) | (1,195,749) | (54,114,415) | (44,084,084) |
Net increase (decrease) | (2,536) | 1,066,395 | $6,353 | $45,385,546 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity Advisor® Biotechnology Fund | ||||||||||
Class A | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,149.50 | $ 5.47 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.11 | $ 5.14 | |||||||
Class M | 1.29% | |||||||||
Actual | $ 1,000 | $ 1,147.70 | $ 6.98 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.70 | $ 6.56 | |||||||
Class C | 1.76% | |||||||||
Actual | $ 1,000 | $ 1,145.30 | $ 9.52 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.33 | $ 8.94 | |||||||
Class I | .74% | |||||||||
Actual | $ 1,000 | $ 1,150.90 | $ 4.01 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.48 | $ 3.77 | |||||||
Class Z | .61% | |||||||||
Actual | $ 1,000 | $ 1,151.80 | $ 3.31 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.13 | $ 3.11 | |||||||
Fidelity Advisor® Consumer Discretionary Fund | ||||||||||
Class A | 1.05% | |||||||||
Actual | $ 1,000 | $ 975.30 | $ 5.23 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.91 | $ 5.35 | |||||||
Class M | 1.32% | |||||||||
Actual | $ 1,000 | $ 974.30 | $ 6.57 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.55 | $ 6.72 | |||||||
Class C | 1.81% | |||||||||
Actual | $ 1,000 | $ 971.80 | $ 9.00 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.08 | $ 9.20 | |||||||
Class I | .78% | |||||||||
Actual | $ 1,000 | $ 976.70 | $ 3.89 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.27 | $ 3.97 | |||||||
Class Z | .65% | |||||||||
Actual | $ 1,000 | $ 977.30 | $ 3.24 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.93 | $ 3.31 | |||||||
Fidelity Advisor® Energy Fund | ||||||||||
Class A | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,164.10 | $ 5.51 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.11 | $ 5.14 | |||||||
Class M | 1.27% | |||||||||
Actual | $ 1,000 | $ 1,162.40 | $ 6.92 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.80 | $ 6.46 | |||||||
Class C | 1.76% | |||||||||
Actual | $ 1,000 | $ 1,159.90 | $ 9.58 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.33 | $ 8.94 | |||||||
Class I | .74% | |||||||||
Actual | $ 1,000 | $ 1,165.70 | $ 4.04 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.48 | $ 3.77 | |||||||
Class Z | .62% | |||||||||
Actual | $ 1,000 | $ 1,166.40 | $ 3.39 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.08 | $ 3.16 | |||||||
Fidelity Advisor® Financial Services Fund | ||||||||||
Class A | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,099.30 | $ 5.50 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.96 | $ 5.30 | |||||||
Class M | 1.29% | |||||||||
Actual | $ 1,000 | $ 1,097.90 | $ 6.82 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.70 | $ 6.56 | |||||||
Class C | 1.79% | |||||||||
Actual | $ 1,000 | $ 1,095.20 | $ 9.45 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.18 | $ 9.10 | |||||||
Class I | .77% | |||||||||
Actual | $ 1,000 | $ 1,100.90 | $ 4.08 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.32 | $ 3.92 | |||||||
Class Z | .64% | |||||||||
Actual | $ 1,000 | $ 1,101.40 | $ 3.39 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.98 | $ 3.26 | |||||||
Fidelity Advisor® Health Care Fund | ||||||||||
Class A | .98% | |||||||||
Actual | $ 1,000 | $ 1,029.30 | $ 5.01 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.27 | $ 4.99 | |||||||
Class M | 1.23% | |||||||||
Actual | $ 1,000 | $ 1,028.10 | $ 6.29 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.00 | $ 6.26 | |||||||
Class C | 1.73% | |||||||||
Actual | $ 1,000 | $ 1,025.60 | $ 8.83 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.48 | $ 8.79 | |||||||
Class I | .72% | |||||||||
Actual | $ 1,000 | $ 1,030.90 | $ 3.69 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.58 | $ 3.67 | |||||||
Class Z | .59% | |||||||||
Actual | $ 1,000 | $ 1,031.40 | $ 3.02 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.23 | $ 3.01 | |||||||
Fidelity Advisor® Industrials Fund | ||||||||||
Class A | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,082.10 | $ 5.46 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.96 | $ 5.30 | |||||||
Class M | 1.30% | |||||||||
Actual | $ 1,000 | $ 1,080.80 | $ 6.82 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.65 | $ 6.61 | |||||||
Class C | 1.80% | |||||||||
Actual | $ 1,000 | $ 1,078.00 | $ 9.43 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.13 | $ 9.15 | |||||||
Class I | .77% | |||||||||
Actual | $ 1,000 | $ 1,083.60 | $ 4.04 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.32 | $ 3.92 | |||||||
Class Z | .65% | |||||||||
Actual | $ 1,000 | $ 1,084.10 | $ 3.41 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.93 | $ 3.31 | |||||||
Fidelity Advisor® Semiconductors Fund | ||||||||||
Class A | 1.02% | |||||||||
Actual | $ 1,000 | $ 1,034.60 | $ 5.23 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.06 | $ 5.19 | |||||||
Class M | 1.28% | |||||||||
Actual | $ 1,000 | $ 1,033.20 | $ 6.56 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.75 | $ 6.51 | |||||||
Class C | 1.78% | |||||||||
Actual | $ 1,000 | $ 1,030.60 | $ 9.11 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.23 | $ 9.05 | |||||||
Class I | .75% | |||||||||
Actual | $ 1,000 | $ 1,036.00 | $ 3.85 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.42 | $ 3.82 | |||||||
Class Z | .63% | |||||||||
Actual | $ 1,000 | $ 1,036.40 | $ 3.23 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.03 | $ 3.21 | |||||||
Fidelity Advisor® Technology Fund | ||||||||||
Class A | .98% | |||||||||
Actual | $ 1,000 | $ 958.10 | $ 4.84 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.27 | $ 4.99 | |||||||
Class M | 1.23% | |||||||||
Actual | $ 1,000 | $ 957.10 | $ 6.07 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.00 | $ 6.26 | |||||||
Class C | 1.75% | |||||||||
Actual | $ 1,000 | $ 954.50 | $ 8.62 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.38 | $ 8.89 | |||||||
Class I | .72% | |||||||||
Actual | $ 1,000 | $ 959.40 | $ 3.56 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.58 | $ 3.67 | |||||||
Class Z | .60% | |||||||||
Actual | $ 1,000 | $ 960.00 | $ 2.96 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.18 | $ 3.06 | |||||||
Fidelity Advisor® Utilities Fund | ||||||||||
Class A | 1.02% | |||||||||
Actual | $ 1,000 | $ 969.50 | $ 5.06 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.06 | $ 5.19 | |||||||
Class M | 1.28% | |||||||||
Actual | $ 1,000 | $ 968.20 | $ 6.35 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.75 | $ 6.51 | |||||||
Class C | 1.77% | |||||||||
Actual | $ 1,000 | $ 965.80 | $ 8.77 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.28 | $ 9.00 | |||||||
Class I | .75% | |||||||||
Actual | $ 1,000 | $ 970.50 | $ 3.73 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.42 | $ 3.82 | |||||||
Class Z | .62% | |||||||||
Actual | $ 1,000 | $ 971.20 | $ 3.08 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.08 | $ 3.16 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
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![](https://capedge.com/proxy/N-CSRS/0000315700-23-000004/img88928_1.jpg)
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Contents
Top Holdings (% of Fund's net assets) | ||
Prologis (REIT), Inc. | 10.9 | |
Crown Castle International Corp. | 9.2 | |
Equinix, Inc. | 7.7 | |
American Tower Corp. | 7.2 | |
CubeSmart | 7.2 | |
Ventas, Inc. | 5.5 | |
CBRE Group, Inc. | 4.8 | |
Mid-America Apartment Communities, Inc. | 4.7 | |
Equity Lifestyle Properties, Inc. | 3.7 | |
Essex Property Trust, Inc. | 3.6 | |
64.5 | ||
Top Five REIT Sectors (% of Fund's net assets) | ||
REITs - Diversified | 21.7 | |
REITs - Warehouse/Industrial | 14.3 | |
REITs - Apartments | 13.3 | |
REITs - Health Care | 8.7 | |
REITs - Storage | 8.5 | |
Asset Allocation (% of Fund's net assets) |
![]() |
Common Stocks - 98.7% | |||
Shares | Value ($) | ||
Commercial Services & Supplies - 0.8% | |||
REITs - Diversified - 0.8% | |||
CoreCivic, Inc. (a) | 101,653 | 1,081,588 | |
The GEO Group, Inc. (a) | 109,600 | 1,260,400 | |
2,341,988 | |||
Equity Real Estate Investment Trusts (REITs) - 92.0% | |||
REITs - Apartments - 13.3% | |||
Essex Property Trust, Inc. | 46,547 | 10,522,880 | |
Invitation Homes, Inc. | 279,400 | 9,080,500 | |
Mid-America Apartment Communities, Inc. | 82,100 | 13,687,712 | |
UDR, Inc. | 132,100 | 5,626,139 | |
38,917,231 | |||
REITs - Diversified - 20.9% | |||
Crown Castle International Corp. | 180,700 | 26,763,477 | |
Equinix, Inc. | 30,700 | 22,660,591 | |
Lamar Advertising Co. Class A | 77,300 | 8,235,542 | |
VICI Properties, Inc. | 98,900 | 3,380,402 | |
61,040,012 | |||
REITs - Health Care - 8.7% | |||
Ventas, Inc. | 309,405 | 16,030,273 | |
Welltower, Inc. | 126,600 | 9,500,064 | |
25,530,337 | |||
REITs - Hotels - 3.3% | |||
Host Hotels & Resorts, Inc. | 136,300 | 2,569,255 | |
Ryman Hospitality Properties, Inc. | 77,800 | 7,226,842 | |
9,796,097 | |||
REITs - Management/Investment - 7.2% | |||
American Tower Corp. | 94,600 | 21,132,694 | |
REITs - Manufactured Homes - 3.7% | |||
Equity Lifestyle Properties, Inc. | 149,806 | 10,753,075 | |
REITs - Office Property - 3.0% | |||
Alexandria Real Estate Equities, Inc. | 55,600 | 8,937,144 | |
REITs - Shopping Centers - 4.4% | |||
Phillips Edison & Co., Inc. (b) | 72,700 | 2,436,904 | |
SITE Centers Corp. | 424,700 | 5,797,155 | |
Urban Edge Properties | 303,500 | 4,780,125 | |
13,014,184 | |||
REITs - Single Tenant - 4.7% | |||
Four Corners Property Trust, Inc. | 300,600 | 8,645,256 | |
Spirit Realty Capital, Inc. | 118,100 | 5,182,228 | |
13,827,484 | |||
REITs - Storage - 8.5% | |||
CubeSmart | 458,600 | 20,999,294 | |
Public Storage | 12,400 | 3,773,816 | |
24,773,110 | |||
REITs - Warehouse/Industrial - 14.3% | |||
EastGroup Properties, Inc. | 33,200 | 5,585,900 | |
Prologis (REIT), Inc. | 246,516 | 31,869,588 | |
Terreno Realty Corp. | 66,600 | 4,291,038 | |
41,746,526 | |||
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) | 269,467,894 | ||
IT Services - 0.7% | |||
Internet Services & Infrastructure - 0.7% | |||
Cyxtera Technologies, Inc. Class A (a) | 612,625 | 1,972,653 | |
Real Estate Management & Development - 5.2% | |||
Real Estate Operating Companies - 0.4% | |||
WeWork, Inc. (a)(b) | 716,600 | 1,139,394 | |
Real Estate Services - 4.8% | |||
CBRE Group, Inc. (a) | 164,100 | 14,032,191 | |
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT | 15,171,585 | ||
TOTAL COMMON STOCKS (Cost $226,950,466) | 288,954,120 | ||
Money Market Funds - 1.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (c) | 4,183,283 | 4,184,119 | |
Fidelity Securities Lending Cash Central Fund 4.38% (c)(d) | 621,204 | 621,266 | |
TOTAL MONEY MARKET FUNDS (Cost $4,805,385) | 4,805,385 | ||
TOTAL INVESTMENT IN SECURITIES - 100.4% (Cost $231,755,851) | 293,759,505 |
NET OTHER ASSETS (LIABILITIES) - (0.4)% | (1,064,272) |
NET ASSETS - 100.0% | 292,695,233 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 1,565,719 | 41,348,478 | 38,730,078 | 50,792 | - | - | 4,184,119 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 5,187,000 | 13,108,294 | 17,674,028 | 42,481 | - | - | 621,266 | 0.0% |
Total | 6,752,719 | 54,456,772 | 56,404,106 | 93,273 | - | - | 4,805,385 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 288,954,120 | 288,954,120 | - | - |
Money Market Funds | 4,805,385 | 4,805,385 | - | - |
Total Investments in Securities: | 293,759,505 | 293,759,505 | - | - |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $567,856) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $226,950,466) | $ | 288,954,120 | ||
Fidelity Central Funds (cost $4,805,385) | 4,805,385 | |||
Total Investment in Securities (cost $231,755,851) | $ | 293,759,505 | ||
Receivable for investments sold | 126,427 | |||
Receivable for fund shares sold | 39,238 | |||
Dividends receivable | 158,189 | |||
Distributions receivable from Fidelity Central Funds | 14,886 | |||
Prepaid expenses | 2,130 | |||
Other receivables | 78,543 | |||
Total assets | 294,178,918 | |||
Liabilities | ||||
Payable for investments purchased | $ | 132,920 | ||
Payable for fund shares redeemed | 371,572 | |||
Accrued management fee | 123,246 | |||
Distribution and service plan fees payable | 64,197 | |||
Other affiliated payables | 58,491 | |||
Deferred independent trustees' fees payable | 78,543 | |||
Other payables and accrued expenses | 33,450 | |||
Collateral on securities loaned | 621,266 | |||
Total Liabilities | 1,483,685 | |||
Net Assets | $ | 292,695,233 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 238,221,875 | ||
Total accumulated earnings (loss) | 54,473,358 | |||
Net Assets | $ | 292,695,233 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($103,069,464 ÷ 6,026,936 shares) (a) | $ | 17.10 | ||
Maximum offering price per share (100/94.25 of $17.10) | $ | 18.14 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($90,445,274 ÷ 5,315,276 shares) (a) | $ | 17.02 | ||
Maximum offering price per share (100/96.50 of $17.02) | $ | 17.64 | ||
Class C : | ||||
Net Asset Value and offering price per share ($9,282,808 ÷ 572,890 shares) (a) | $ | 16.20 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($82,591,676 ÷ 4,745,097 shares) | $ | 17.41 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($7,306,011 ÷ 420,190 shares) | $ | 17.39 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 4,641,132 | ||
Income from Fidelity Central Funds (including $42,481 from security lending) | 93,273 | |||
Total Income | 4,734,405 | |||
Expenses | ||||
Management fee | $ | 867,209 | ||
Transfer agent fees | 375,614 | |||
Distribution and service plan fees | 394,690 | |||
Accounting fees | 58,218 | |||
Custodian fees and expenses | 6,148 | |||
Independent trustees' fees and expenses | 608 | |||
Registration fees | 61,493 | |||
Audit | 27,360 | |||
Legal | 552 | |||
Miscellaneous | 1,463 | |||
Total expenses before reductions | 1,793,355 | |||
Expense reductions | (6,576) | |||
Total expenses after reductions | 1,786,779 | |||
Net Investment income (loss) | 2,947,626 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (3,159,494) | |||
Total net realized gain (loss) | (3,159,494) | |||
Change in net unrealized appreciation (depreciation) on investment securities | (36,543,107) | |||
Net gain (loss) | (39,702,601) | |||
Net increase (decrease) in net assets resulting from operations | $ | (36,754,975) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,947,626 | $ | 4,457,219 |
Net realized gain (loss) | (3,159,494) | 46,296,510 | ||
Change in net unrealized appreciation (depreciation) | (36,543,107) | (77,776,668) | ||
Net increase (decrease) in net assets resulting from operations | (36,754,975) | (27,022,939) | ||
Distributions to shareholders | (42,285,368) | (28,289,351) | ||
Share transactions - net increase (decrease) | (38,583,707) | (21,794,093) | ||
Total increase (decrease) in net assets | (117,624,050) | (77,106,383) | ||
Net Assets | ||||
Beginning of period | 410,319,283 | 487,425,666 | ||
End of period | $ | 292,695,233 | $ | 410,319,283 |
Fidelity Advisor® Real Estate Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.95 | $ | 24.66 | $ | 19.62 | $ | 22.91 | $ | 22.07 | $ | 22.96 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .22 | .26 | .41 | .37 | .37 | ||||||
Net realized and unrealized gain (loss) | (2.13) | (1.47) | 5.50 | (1.91) | 1.63 | .21 | ||||||
Total from investment operations | (1.97) | (1.25) | 5.76 | (1.50) | 2.00 | .58 | ||||||
Distributions from net investment income | (.19) | (.17) | (.24) | (.38) | (.43) | (.36) | ||||||
Distributions from net realized gain | (2.69) | (1.30) | (.48) | (1.41) | (.73) | (1.11) | ||||||
Total distributions | (2.88) | (1.46) C | (.72) | (1.79) | (1.16) | (1.47) | ||||||
Net asset value, end of period | $ | 17.10 | $ | 21.95 | $ | 24.66 | $ | 19.62 | $ | 22.91 | $ | 22.07 |
Total Return D,E,F | (7.46)% | (5.65)% | 30.38% | (7.21)% | 9.62% | 2.55% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.11% I | 1.07% | 1.09% | 1.10% | 1.10% | 1.10% | ||||||
Expenses net of fee waivers, if any | 1.11% I | 1.07% | 1.09% | 1.10% | 1.09% | 1.10% | ||||||
Expenses net of all reductions | 1.11% I | 1.07% | 1.08% | 1.09% | 1.09% | 1.10% | ||||||
Net investment income (loss) | 1.76% I | .95% | 1.24% | 1.93% | 1.68% | 1.70% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 103,069 | $ | 122,949 | $ | 138,134 | $ | 115,736 | $ | 151,536 | $ | 161,570 |
Portfolio turnover rate J | 34% I | 48% | 53% | 56% | 49% | 41% |
Fidelity Advisor® Real Estate Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.87 | $ | 24.59 | $ | 19.58 | $ | 22.87 | $ | 22.05 | $ | 22.94 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .17 | .21 | .36 | .32 | .32 | ||||||
Net realized and unrealized gain (loss) | (2.12) | (1.46) | 5.49 | (1.90) | 1.62 | .21 | ||||||
Total from investment operations | (1.98) | (1.29) | 5.70 | (1.54) | 1.94 | .53 | ||||||
Distributions from net investment income | (.18) | (.13) | (.22) | (.34) | (.39) | (.31) | ||||||
Distributions from net realized gain | (2.69) | (1.30) | (.48) | (1.41) | (.73) | (1.11) | ||||||
Total distributions | (2.87) | (1.43) | (.69) C | (1.75) | (1.12) | (1.42) | ||||||
Net asset value, end of period | $ | 17.02 | $ | 21.87 | $ | 24.59 | $ | 19.58 | $ | 22.87 | $ | 22.05 |
Total Return D,E,F | (7.55)% | (5.83)% | 30.14% | (7.42)% | 9.35% | 2.34% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.32% I | 1.29% | 1.31% | 1.31% | 1.32% | 1.33% | ||||||
Expenses net of fee waivers, if any | 1.32% I | 1.28% | 1.31% | 1.31% | 1.31% | 1.33% | ||||||
Expenses net of all reductions | 1.31% I | 1.28% | 1.30% | 1.30% | 1.31% | 1.32% | ||||||
Net investment income (loss) | 1.55% I | .73% | 1.03% | 1.71% | 1.46% | 1.47% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 90,445 | $ | 100,892 | $ | 118,778 | $ | 98,724 | $ | 128,754 | $ | 127,038 |
Portfolio turnover rate J | 34% I | 48% | 53% | 56% | 49% | 41% |
Fidelity Advisor® Real Estate Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.00 | $ | 23.74 | $ | 18.97 | $ | 22.26 | $ | 21.54 | $ | 22.46 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .03 | .09 | .23 | .19 | .20 | ||||||
Net realized and unrealized gain (loss) | (2.06) | (1.39) | 5.30 | (1.85) | 1.58 | .20 | ||||||
Total from investment operations | (1.97) | (1.36) | 5.39 | (1.62) | 1.77 | .40 | ||||||
Distributions from net investment income | (.14) | (.08) | (.15) | (.26) | (.32) | (.21) | ||||||
Distributions from net realized gain | (2.69) | (1.30) | (.48) | (1.41) | (.73) | (1.11) | ||||||
Total distributions | (2.83) | (1.38) | (.62) C | (1.67) | (1.05) | (1.32) | ||||||
Net asset value, end of period | $ | 16.20 | $ | 21.00 | $ | 23.74 | $ | 18.97 | $ | 22.26 | $ | 21.54 |
Total Return D,E,F | (7.84)% | (6.35)% | 29.36% | (7.95)% | 8.72% | 1.77% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.87% I | 1.86% | 1.88% | 1.89% | 1.88% | 1.88% | ||||||
Expenses net of fee waivers, if any | 1.87% I | 1.86% | 1.88% | 1.89% | 1.88% | 1.88% | ||||||
Expenses net of all reductions | 1.87% I | 1.86% | 1.87% | 1.88% | 1.88% | 1.87% | ||||||
Net investment income (loss) | 1.00% I | .15% | .46% | 1.14% | .89% | .92% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 9,283 | $ | 12,375 | $ | 16,069 | $ | 20,774 | $ | 28,982 | $ | 43,690 |
Portfolio turnover rate J | 34% I | 48% | 53% | 56% | 49% | 41% |
Fidelity Advisor® Real Estate Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.26 | $ | 24.96 | $ | 19.84 | $ | 23.15 | $ | 22.28 | $ | 23.17 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .19 | .27 | .31 | .46 | .43 | .43 | ||||||
Net realized and unrealized gain (loss) | (2.15) | (1.48) | 5.56 | (1.92) | 1.65 | �� | .21 | |||||
Total from investment operations | (1.96) | (1.21) | 5.87 | (1.46) | 2.08 | .64 | ||||||
Distributions from net investment income | (.19) | (.19) | (.27) | (.44) | (.48) | (.42) | ||||||
Distributions from net realized gain | (2.69) | (1.30) | (.48) | (1.41) | (.73) | (1.11) | ||||||
Total distributions | (2.89) C | (1.49) | (.75) | (1.85) | (1.21) | (1.53) | ||||||
Net asset value, end of period | $ | 17.41 | $ | 22.26 | $ | 24.96 | $ | 19.84 | $ | 23.15 | $ | 22.28 |
Total Return D,E | (7.32)% | (5.43)% | 30.65% | (6.99)% | 9.93% | 2.84% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .86% H | .86% | .88% | .86% | .81% | .82% | ||||||
Expenses net of fee waivers, if any | .86% H | .86% | .87% | .86% | .81% | .82% | ||||||
Expenses net of all reductions | .86% H | .86% | .87% | .85% | .81% | .81% | ||||||
Net investment income (loss) | 2.01% H | 1.15% | 1.46% | 2.17% | 1.96% | 1.98% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 82,592 | $ | 160,565 | $ | 197,873 | $ | 180,346 | $ | 225,407 | $ | 284,857 |
Portfolio turnover rate I | 34% H | 48% | 53% | 56% | 49% | 41% |
Fidelity Advisor® Real Estate Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 22.29 | $ | 24.97 | $ | 19.85 | $ | 23.16 | $ | 21.91 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .21 | .33 | .36 | .50 | .40 | |||||
Net realized and unrealized gain (loss) | (2.16) | (1.48) | 5.56 | (1.92) | 1.94 | |||||
Total from investment operations | (1.95) | (1.15) | 5.92 | (1.42) | 2.34 | |||||
Distributions from net investment income | (.25) | (.23) | (.32) | (.48) | (.36) | |||||
Distributions from net realized gain | (2.69) | (1.30) | (.48) | (1.41) | (.73) | |||||
Total distributions | (2.95) D | (1.53) | (.80) | (1.89) | (1.09) | |||||
Net asset value, end of period | $ | 17.39 | $ | 22.29 | $ | 24.97 | $ | 19.85 | $ | 23.16 |
Total Return E,F | (7.24)% | (5.21)% | 30.95% | (6.80)% | 11.22% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .66% I | .64% | .64% | .65% | .65% I | |||||
Expenses net of fee waivers, if any | .66% I | .63% | .64% | .65% | .64% I | |||||
Expenses net of all reductions | .66% I | .63% | .64% | .64% | .64% I | |||||
Net investment income (loss) | 2.21% I | 1.38% | 1.69% | 2.38% | 2.20% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 7,306 | $ | 13,539 | $ | 16,573 | $ | 9,157 | $ | 6,634 |
Portfolio turnover rate J | 34% I | 48% | 53% | 56% | 49% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Fidelity Advisor Real Estate Fund | $78,543 |
Gross unrealized appreciation | $75,114,571 |
Gross unrealized depreciation | (15,059,172) |
Net unrealized appreciation (depreciation) | $60,055,399 |
Tax cost | $233,704,106 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Real Estate Fund | 56,032,342 | 136,296,718 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $128,675 | $746 |
Class M | .25% | .25% | 216,730 | - |
Class C | .75% | .25% | 49,285 | 4,364 |
$394,690 | $5,110 |
Retained by FDC | |
Class A | $6,551 |
Class M | 996 |
Class C A | 98 |
$7,645 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $125,326 | .24 |
Class M | 87,405 | .20 |
Class C | 12,724 | .26 |
Class I | 148,260 | .24 |
Class Z | 1,899 | .04 |
$375,614 |
% of Average Net Assets | |
Fidelity Advisor Real Estate Fund | .04 |
Amount | |
Fidelity Advisor Real Estate Fund | $1,239 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Real Estate Fund | 5,666,628 | 5,450,447 | (969,278) |
Amount | |
Fidelity Advisor Real Estate Fund | $499 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Real Estate Fund | $4,220 | $- | $- |
Expense reduction | |
Class A | $103 |
Class M | 508 |
$611 |
Six months ended January 31, 2023 | Year ended July 31, 2022 | |
Fidelity Advisor Real Estate Fund | ||
Distributions to shareholders | ||
Class A | $14,969,406 | $7,993,209 |
Class M | 12,970,936 | 6,745,913 |
Class C | 1,427,489 | 908,708 |
Class I | 11,839,759 | 11,703,981 |
Class Z | 1,077,778 | 937,540 |
Total | $42,285,368 | $28,289,351 |
Shares | Shares | Dollars | Dollars | |
Six months ended January 31, 2023 | Year ended July 31, 2022 | Six months ended January 31, 2023 | Year ended July 31, 2022 | |
Fidelity Advisor Real Estate Fund | ||||
Class A | ||||
Shares sold | 291,960 | 994,036 | $5,298,247 | $23,589,069 |
Reinvestment of distributions | 961,670 | 322,393 | 14,752,010 | 7,866,495 |
Shares redeemed | (826,968) | (1,318,681) | (15,005,286) | (30,889,788) |
Net increase (decrease) | 426,662 | (2,252) | $5,044,971 | $565,776 |
Class M | ||||
Shares sold | 218,882 | 392,434 | $3,921,609 | $9,212,673 |
Reinvestment of distributions | 848,031 | 276,620 | 12,940,952 | 6,729,626 |
Shares redeemed | (365,066) | (886,642) | (6,638,435) | (20,661,409) |
Net increase (decrease) | 701,847 | (217,588) | $10,224,126 | $(4,719,110) |
Class C | ||||
Shares sold | 18,768 | 106,372 | $314,829 | $2,458,841 |
Reinvestment of distributions | 96,548 | 38,746 | 1,403,801 | 908,210 |
Shares redeemed | (131,713) | (232,612) | (2,300,441) | (5,110,047) |
Net increase (decrease) | (16,397) | (87,494) | $(581,811) | $(1,742,996) |
Class I | ||||
Shares sold | 819,323 | 2,116,894 | $14,835,138 | $52,046,309 |
Reinvestment of distributions | 748,076 | 440,622 | 11,669,986 | 10,890,582 |
Shares redeemed | (4,034,851) | (3,272,627) | (76,325,813) | (77,697,577) |
Net increase (decrease) | (2,467,452) | (715,111) | $(49,820,689) | $(14,760,686) |
Class Z | ||||
Shares sold | 48,280 | 345,140 | $899,634 | $8,205,866 |
Reinvestment of distributions | 63,421 | 31,131 | 992,466 | 769,941 |
Shares redeemed | (298,892) | (432,603) | (5,342,404) | (10,112,884) |
Net increase (decrease) | (187,191) | (56,332) | $(3,450,304) | $(1,137,077) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity Advisor® Real Estate Fund | ||||||||||
Class A | 1.11% | |||||||||
Actual | $ 1,000 | $ 925.40 | $ 5.39 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.61 | $ 5.65 | |||||||
Class M | 1.32% | |||||||||
Actual | $ 1,000 | $ 924.50 | $ 6.40 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.55 | $ 6.72 | |||||||
Class C | 1.87% | |||||||||
Actual | $ 1,000 | $ 921.60 | $ 9.06 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.78 | $ 9.50 | |||||||
Class I | .86% | |||||||||
Actual | $ 1,000 | $ 926.80 | $ 4.18 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.87 | $ 4.38 | |||||||
Class Z | .66% | |||||||||
Actual | $ 1,000 | $ 927.60 | $ 3.21 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.88 | $ 3.36 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
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Contents
Top Holdings (% of Fund's net assets) | ||
Prologis (REIT), Inc. | 8.9 | |
Equinix, Inc. | 5.4 | |
Digital Realty Trust, Inc. | 3.7 | |
Ventas, Inc. | 3.6 | |
Welltower, Inc. | 3.3 | |
UDR, Inc. | 2.8 | |
Vonovia SE | 2.7 | |
Equity Lifestyle Properties, Inc. | 2.6 | |
Extra Space Storage, Inc. | 2.6 | |
Mid-America Apartment Communities, Inc. | 2.6 | |
38.2 | ||
Top Five REIT Sectors (% of Fund's net assets) | ||
REITs - Diversified | 20.7 | |
REITs - Apartments | 13.5 | |
REITs - Shopping Centers | 10.3 | |
REITs - Warehouse/Industrial | 9.8 | |
REITs - Health Care | 7.9 | |
Asset Allocation (% of Fund's net assets) |
![]() |
Foreign investments - 36.3% |
Geographic Diversification (% of Fund's net assets) |
![]() |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.8% | |||
Shares | Value ($) | ||
Australia - 4.8% | |||
Abacus Property Group unit | 12,329 | 24,431 | |
Arena (REIT) unit | 25,116 | 66,627 | |
Charter Hall Retail REIT | 24,491 | 69,550 | |
National Storage REIT unit | 42,324 | 69,654 | |
Scentre Group unit | 30,695 | 66,602 | |
TOTAL AUSTRALIA | 296,864 | ||
Canada - 5.5% | |||
Boardwalk (REIT) | 3,696 | 156,168 | |
Dream Industrial (REIT) | 11,194 | 117,783 | |
Flagship Communities (REIT) | 4,401 | 70,372 | |
TOTAL CANADA | 344,323 | ||
France - 2.6% | |||
ARGAN SA | 794 | 67,416 | |
Covivio | 856 | 58,581 | |
Gecina SA | 293 | 34,593 | |
TOTAL FRANCE | 160,590 | ||
Germany - 2.7% | |||
Vonovia SE | 5,889 | 166,352 | |
Hong Kong - 1.9% | |||
Hysan Development Co. Ltd. | 10,619 | 35,727 | |
Link (REIT) | 10,663 | 85,351 | |
TOTAL HONG KONG | 121,078 | ||
Ireland - 0.5% | |||
Dalata Hotel Group PLC (a) | 7,083 | 29,839 | |
Japan - 5.9% | |||
Advance Residence Investment Corp. | 16 | 39,084 | |
Kenedix Residential Investment Corp. | 45 | 67,071 | |
LaSalle Logiport REIT | 63 | 76,331 | |
Mitsubishi Estate Co. Ltd. | 10,697 | 137,490 | |
Mitsui Fudosan Logistics Park, Inc. | 14 | 48,861 | |
TOTAL JAPAN | 368,837 | ||
Singapore - 4.7% | |||
CapitaMall Trust | 68,389 | 111,894 | |
CDL Hospitality Trusts unit | 22,144 | 22,850 | |
Mapletree Pan Asia Commercial Trust | 21,333 | 29,683 | |
UOL Group Ltd. | 23,554 | 125,674 | |
TOTAL SINGAPORE | 290,101 | ||
Spain - 1.0% | |||
Lar Espana Real Estate Socimi SA | 2,276 | 11,357 | |
Merlin Properties Socimi SA | 5,472 | 53,332 | |
TOTAL SPAIN | 64,689 | ||
Sweden - 1.1% | |||
Catena AB | 1,605 | 66,824 | |
United Kingdom - 5.6% | |||
Assura PLC | 90,098 | 61,926 | |
Grainger Trust PLC | 37,311 | 119,413 | |
Helical PLC | 4,052 | 17,984 | |
Life Science (REIT) PLC | 13,294 | 11,210 | |
Segro PLC | 5,837 | 59,742 | |
Shaftesbury PLC | 7,907 | 38,369 | |
Unite Group PLC | 3,561 | 43,770 | |
TOTAL UNITED KINGDOM | 352,414 | ||
United States of America - 63.5% | |||
American Assets Trust, Inc. | 1,445 | 41,125 | |
American Homes 4 Rent Class A | 3,014 | 103,350 | |
Apartment Income (REIT) Corp. | 1,925 | 73,651 | |
Crown Castle International Corp. | 926 | 137,150 | |
CubeSmart | 3,194 | 146,253 | |
DiamondRock Hospitality Co. | 7,011 | 67,516 | |
Digital Realty Trust, Inc. | 2,017 | 231,189 | |
Elme Communities (SBI) | 2,285 | 43,872 | |
Equinix, Inc. | 453 | 334,373 | |
Equity Lifestyle Properties, Inc. | 2,309 | 165,740 | |
Extra Space Storage, Inc. | 1,027 | 162,091 | |
Gaming & Leisure Properties | 1,633 | 87,463 | |
Host Hotels & Resorts, Inc. | 6,913 | 130,310 | |
Invitation Homes, Inc. | 3,009 | 97,793 | |
Kimco Realty Corp. | 5,049 | 113,401 | |
LXP Industrial Trust (REIT) | 4,303 | 49,700 | |
Mid-America Apartment Communities, Inc. | 964 | 160,718 | |
National Retail Properties, Inc. | 2,647 | 125,335 | |
Phillips Edison & Co., Inc. | 1,605 | 53,800 | |
Prologis (REIT), Inc. | 4,274 | 552,538 | |
Regency Centers Corp. | 1,577 | 105,076 | |
RLJ Lodging Trust | 4,187 | 52,631 | |
Ryman Hospitality Properties, Inc. | 518 | 48,117 | |
Spirit Realty Capital, Inc. | 2,150 | 94,342 | |
Sun Communities, Inc. | 884 | 138,664 | |
UDR, Inc. | 4,122 | 175,556 | |
Urban Edge Properties | 2,298 | 36,194 | |
Ventas, Inc. | 4,323 | 223,975 | |
Welltower, Inc. | 2,778 | 208,461 | |
TOTAL UNITED STATES OF AMERICA | 3,960,384 | ||
TOTAL COMMON STOCKS (Cost $5,277,449) | 6,222,295 | ||
Money Market Funds - 1.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (b) (Cost $68,818) | 68,804 | 68,818 | |
TOTAL INVESTMENT IN SECURITIES - 100.9% (Cost $5,346,267) | 6,291,113 |
NET OTHER ASSETS (LIABILITIES) - (0.9)% | (57,590) |
NET ASSETS - 100.0% | 6,233,523 |
(a) | Non-income producing |
(b) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.38% | 80,792 | 3,681,299 | 3,693,273 | 1,635 | - | - | 68,818 | 0.0% |
Total | 80,792 | 3,681,299 | 3,693,273 | 1,635 | - | - | 68,818 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 29,839 | 29,839 | - | - |
Real Estate | 6,192,456 | 4,949,224 | 1,243,232 | - |
Money Market Funds | 68,818 | 68,818 | - | - |
Total Investments in Securities: | 6,291,113 | 5,047,881 | 1,243,232 | - |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,277,449) | $ | 6,222,295 | ||
Fidelity Central Funds (cost $68,818) | 68,818 | |||
Total Investment in Securities (cost $5,346,267) | $ | 6,291,113 | ||
Cash | 13,688 | |||
Receivable for investments sold | 38,660 | |||
Receivable for fund shares sold | 15,267 | |||
Dividends receivable | 18,282 | |||
Distributions receivable from Fidelity Central Funds | 311 | |||
Prepaid expenses | 14 | |||
Receivable from investment adviser for expense reductions | 9,768 | |||
Other receivables | 7 | |||
Total assets | 6,387,110 | |||
Liabilities | ||||
Payable for investments purchased | $ | 56,001 | ||
Payable for fund shares redeemed | 55,904 | |||
Accrued management fee | 4,284 | |||
Distribution and service plan fees payable | 1,112 | |||
Other affiliated payables | 1,489 | |||
Other payables and accrued expenses | 34,797 | |||
Total Liabilities | 153,587 | |||
Net Assets | $ | 6,233,523 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,212,817 | ||
Total accumulated earnings (loss) | 20,706 | |||
Net Assets | $ | 6,233,523 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($2,857,726 ÷ 270,578 shares) (a) | $ | 10.56 | ||
Maximum offering price per share (100/94.25 of $10.56) | $ | 11.20 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($942,573 ÷ 89,342 shares) (a) | $ | 10.55 | ||
Maximum offering price per share (100/96.50 of $10.55) | $ | 10.93 | ||
Class C : | ||||
Net Asset Value and offering price per share ($193,203 ÷ 18,231 shares) (a) | $ | 10.60 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($1,302,171 ÷ 123,181 shares) | $ | 10.57 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($937,850 ÷ 88,147 shares) | $ | 10.64 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 102,662 | ||
Income from Fidelity Central Funds | 1,635 | |||
Income before foreign taxes withheld | $ | 104,297 | ||
Less foreign taxes withheld | (3,704) | |||
Total Income | 100,593 | |||
Expenses | ||||
Management fee | $ | 21,033 | ||
Transfer agent fees | 6,515 | |||
Distribution and service plan fees | 6,572 | |||
Accounting fees and expenses | 1,099 | |||
Custodian fees and expenses | 9,303 | |||
Independent trustees' fees and expenses | 11 | |||
Registration fees | 28,075 | |||
Audit | 31,688 | |||
Legal | 5 | |||
Miscellaneous | 110 | |||
Total expenses before reductions | 104,411 | |||
Expense reductions | (69,173) | |||
Total expenses after reductions | 35,238 | |||
Net Investment income (loss) | 65,355 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (707,347) | |||
Foreign currency transactions | (2,490) | |||
Total net realized gain (loss) | (709,837) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 289,181 | |||
Assets and liabilities in foreign currencies | 411 | |||
Total change in net unrealized appreciation (depreciation) | 289,592 | |||
Net gain (loss) | (420,245) | |||
Net increase (decrease) in net assets resulting from operations | $ | (354,890) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 65,355 | $ | 113,743 |
Net realized gain (loss) | (709,837) | (60,440) | ||
Change in net unrealized appreciation (depreciation) | 289,592 | (838,298) | ||
Net increase (decrease) in net assets resulting from operations | (354,890) | (784,995) | ||
Distributions to shareholders | (76,041) | (92,097) | ||
Share transactions - net increase (decrease) | (699,383) | 1,732,182 | ||
Total increase (decrease) in net assets | (1,130,314) | 855,090 | ||
Net Assets | ||||
Beginning of period | 7,363,837 | 6,508,747 | ||
End of period | $ | 6,233,523 | $ | 7,363,837 |
Fidelity Advisor® Global Real Estate Fund Class A |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.18 | $ | 12.49 | $ | 9.69 | $ | 10.72 | $ | 10.13 | $ | 9.81 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .17 | .17 | .15 | .22 | .18 | ||||||
Net realized and unrealized gain (loss) | (.63) | (1.33) | 2.76 | (.58) | .58 | .42 | ||||||
Total from investment operations | (.53) | (1.16) | 2.93 | (.43) | .80 | .60 | ||||||
Distributions from net investment income | (.09) | (.15) | (.13) | (.23) | (.15) | (.13) | ||||||
Distributions from net realized gain | - | - | - | (.37) | (.06) | (.14) | ||||||
Total distributions | (.09) | (.15) | (.13) | (.60) | (.21) | (.28) C | ||||||
Net asset value, end of period | $ | 10.56 | $ | 11.18 | $ | 12.49 | $ | 9.69 | $ | 10.72 | $ | 10.13 |
Total Return D,E,F | (4.65)% | (9.40)% | 30.59% | (4.61)% | 8.25% | 6.16% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 3.43% I | 3.19% | 4.19% | 4.22% | 4.56% | 5.86% | ||||||
Expenses net of fee waivers, if any | 1.19% I | 1.28% | 1.38% | 1.40% | 1.40% | 1.40% | ||||||
Expenses net of all reductions | 1.19% I | 1.28% | 1.37% | 1.39% | 1.39% | 1.38% | ||||||
Net investment income (loss) | 2.06% I | 1.45% | 1.60% | 1.47% | 2.09% | 1.80% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,858 | $ | 3,021 | $ | 2,747 | $ | 1,732 | $ | 3,290 | $ | 1,001 |
Portfolio turnover rate J | 125% I | 33% | 32% | 52% | 60% | 46% |
Fidelity Advisor® Global Real Estate Fund Class M |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.16 | $ | 12.46 | $ | 9.67 | $ | 10.71 | $ | 10.11 | $ | 9.79 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .14 | .14 | .12 | .19 | .15 | ||||||
Net realized and unrealized gain (loss) | (.64) | (1.31) | 2.76 | (.58) | .60 | .42 | ||||||
Total from investment operations | (.55) | (1.17) | 2.90 | (.46) | .79 | .57 | ||||||
Distributions from net investment income | (.06) | (.13) | (.11) | (.21) | (.13) | (.11) | ||||||
Distributions from net realized gain | - | - | - | (.37) | (.06) | (.14) | ||||||
Total distributions | (.06) | (.13) | (.11) | (.58) | (.19) | (.25) | ||||||
Net asset value, end of period | $ | 10.55 | $ | 11.16 | $ | 12.46 | $ | 9.67 | $ | 10.71 | $ | 10.11 |
Total Return C,D,E | (4.84)% | (9.51)% | 30.20% | (4.87)% | 8.06% | 5.90% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 3.64% H | 3.39% | 4.41% | 4.46% | 4.79% | 5.90% | ||||||
Expenses net of fee waivers, if any | 1.45% H | 1.52% | 1.63% | 1.66% | 1.65% | 1.65% | ||||||
Expenses net of all reductions | 1.44% H | 1.52% | 1.62% | 1.64% | 1.64% | 1.63% | ||||||
Net investment income (loss) | 1.80% H | 1.21% | 1.35% | 1.22% | 1.84% | 1.54% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 943 | $ | 1,070 | $ | 876 | $ | 658 | $ | 810 | $ | 570 |
Portfolio turnover rate I | 125% H | 33% | 32% | 52% | 60% | 46% |
Fidelity Advisor® Global Real Estate Fund Class C |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.17 | $ | 12.47 | $ | 9.63 | $ | 10.63 | $ | 10.08 | $ | 9.76 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .09 | .09 | .07 | .14 | .10 | ||||||
Net realized and unrealized gain (loss) | (.63) | (1.33) | 2.75 | (.58) | .59 | .42 | ||||||
Total from investment operations | (.56) | (1.24) | 2.84 | (.51) | .73 | .52 | ||||||
Distributions from net investment income | (.01) | (.06) | - | (.12) | (.12) | (.06) | ||||||
Distributions from net realized gain | - | - | - | (.37) | (.06) | (.14) | ||||||
Total distributions | (.01) | (.06) | - | (.49) | (.18) | (.20) | ||||||
Net asset value, end of period | $ | 10.60 | $ | 11.17 | $ | 12.47 | $ | 9.63 | $ | 10.63 | $ | 10.08 |
Total Return C,D,E | (5.03)% | (9.97)% | 29.49% | (5.31)% | 7.52% | 5.38% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 4.16% H | 3.93% | 5.02% | 4.46% | 5.04% | 6.26% | ||||||
Expenses net of fee waivers, if any | 1.94% H | 2.02% | 2.14% | 2.16% | 2.15% | 2.15% | ||||||
Expenses net of all reductions | 1.92% H | 2.02% | 2.13% | 2.15% | 2.14% | 2.13% | ||||||
Net investment income (loss) | 1.32% H | .72% | .85% | .71% | 1.34% | 1.04% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 193 | $ | 203 | $ | 223 | $ | 185 | $ | 1,060 | $ | 614 |
Portfolio turnover rate I | 125% H | 33% | 32% | 52% | 60% | 46% |
Fidelity Advisor® Global Real Estate Fund Class I |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.21 | $ | 12.51 | $ | 9.71 | $ | 10.75 | $ | 10.15 | $ | 9.82 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .20 | .20 | .17 | .24 | .20 | ||||||
Net realized and unrealized gain (loss) | (.63) | (1.32) | 2.76 | (.58) | .59 | .43 | ||||||
Total from investment operations | (.52) | (1.12) | 2.96 | (.41) | .83 | .63 | ||||||
Distributions from net investment income | (.12) | (.18) | (.16) | (.26) | (.17) | (.16) | ||||||
Distributions from net realized gain | - | - | - | (.37) | (.06) | (.14) | ||||||
Total distributions | (.12) | (.18) | (.16) | (.63) | (.23) | (.30) | ||||||
Net asset value, end of period | $ | 10.57 | $ | 11.21 | $ | 12.51 | $ | 9.71 | $ | 10.75 | $ | 10.15 |
Total Return C,D | (4.54)% | (9.12)% | 30.82% | (4.40)% | 8.55% | 6.48% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 3.01% G | 2.94% | 3.81% | 3.97% | 4.20% | 5.41% | ||||||
Expenses net of fee waivers, if any | .95% G | 1.02% | 1.13% | 1.16% | 1.15% | 1.15% | ||||||
Expenses net of all reductions | .94% G | 1.02% | 1.12% | 1.14% | 1.14% | 1.13% | ||||||
Net investment income (loss) | 2.30% G | 1.71% | 1.85% | 1.71% | 2.34% | 2.04% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,302 | $ | 1,766 | $ | 1,483 | $ | 1,066 | $ | 1,056 | $ | 986 |
Portfolio turnover rate H | 125% G | 33% | 32% | 52% | 60% | 46% |
Fidelity Advisor® Global Real Estate Fund Class Z |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 11.28 | $ | 12.56 | $ | 9.73 | $ | 10.76 | $ | 10.01 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .13 | .22 | .22 | .19 | .22 | |||||
Net realized and unrealized gain (loss) | (.65) | (1.32) | 2.77 | (.59) | .76 | |||||
Total from investment operations | (.52) | (1.10) | 2.99 | (.40) | .98 | |||||
Distributions from net investment income | (.12) | (.18) | (.16) | (.26) | (.17) | |||||
Distributions from net realized gain | - | - | - | (.37) | (.06) | |||||
Total distributions | (.12) | (.18) | (.16) | (.63) | (.23) | |||||
Net asset value, end of period | $ | 10.64 | $ | 11.28 | $ | 12.56 | $ | 9.73 | $ | 10.76 |
Total Return D,E | (4.51)% | (8.93)% | 31.07% | (4.29)% | 10.17% | |||||
Ratios to Average Net Assets C,F,G | ||||||||||
Expenses before reductions | 3.47% H | 2.71% | 3.72% | 3.54% | 3.87% H | |||||
Expenses net of fee waivers, if any | .80% H | .89% | .97% | 1.02% | 1.00% H | |||||
Expenses net of all reductions | .79% H | .89% | .96% | 1.00% | 1.00% H | |||||
Net investment income (loss) | 2.45% H | 1.84% | 2.01% | 1.86% | 2.50% H | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 938 | $ | 1,303 | $ | 1,180 | $ | 233 | $ | 306 |
Portfolio turnover rate I | 125% H | 33% | 32% | 52% | 60% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $995,600 |
Gross unrealized depreciation | (251,021) |
Net unrealized appreciation (depreciation) | $744,579 |
Tax cost | $5,546,534 |
Short-term | $(170,101) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Global Real Estate Fund | 3,891,346 | 4,485,368 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $3,311 | $1,356 |
Class M | .25% | .25% | 2,338 | 1,320 |
Class C | .75% | .25% | 923 | 288 |
$6,572 | $2,964 |
Retained by FDC | |
Class A | $562 |
Class M | 54 |
Class C A | 1 |
$617 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $3,308 | .25 |
Class M | 969 | .21 |
Class C | 234 | .25 |
Class I | 1,869 | .21 |
Class Z | 135 | .04 |
$6,515 |
% of Average Net Assets | |
Fidelity Advisor Global Real Estate Fund | .04 |
Amount | |
Fidelity Advisor Global Real Estate Fund | $55 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Global Real Estate Fund | 85,614 | 44,709 | 21 |
Amount | |
Fidelity Advisor Global Real Estate Fund | $9 |
Expense Limitations | Reimbursement | |
Class A | 1.20% | $29,585 |
Class M | 1.45% | 10,260 |
Class C | 1.95% | 2,049 |
Class I | .95% | 18,334 |
Class Z | .80% | 8,625 |
$68,853 |
Expense reduction | |
Class A | $14 |
Class C | 7 |
$21 |
Six months ended January 31, 2023 | Year ended July 31, 2022 | |
Fidelity Advisor Global Real Estate Fund | ||
Distributions to shareholders | ||
Class A | $23,736 | $40,544 |
Class M | 5,995 | 10,997 |
Class C | 136 | 1,175 |
Class I | 43,870 | 21,272 |
Class Z | 2,304 | 18,109 |
Total | $76,041 | $92,097 |
Shares | Shares | Dollars | Dollars | |
Six months ended January 31, 2023 | Year ended July 31, 2022 | Six months ended January 31, 2023 | Year ended July 31, 2022 | |
Fidelity Advisor Global Real Estate Fund | ||||
Class A | ||||
Shares sold | 29,756 | 92,564 | $291,875 | $1,135,946 |
Reinvestment of distributions | 2,489 | 3,246 | 23,736 | 40,544 |
Shares redeemed | (31,793) | (45,679) | (315,146) | (547,402) |
Net increase (decrease) | 452 | 50,131 | $465 | $629,088 |
Class M | ||||
Shares sold | 1,680 | 31,478 | $16,580 | $387,783 |
Reinvestment of distributions | 629 | 881 | 5,995 | 10,997 |
Shares redeemed | (8,893) | (6,761) | (85,169) | (71,550) |
Net increase (decrease) | (6,584) | 25,598 | $(62,594) | $327,230 |
Class C | ||||
Shares sold | 2,624 | 7,240 | $26,012 | $88,337 |
Reinvestment of distributions | 14 | 94 | 136 | 1,175 |
Shares redeemed | (2,612) | (7,027) | (26,361) | (75,141) |
Net increase (decrease) | 26 | 307 | $(213) | $14,371 |
Class I | ||||
Shares sold | 257,336 | 45,989 | $2,511,835 | $534,191 |
Reinvestment of distributions | 4,304 | 1,446 | 41,084 | 18,078 |
Shares redeemed | (295,934) | (8,457) | (2,946,361) | (90,325) |
Net increase (decrease) | (34,294) | 38,978 | $(393,442) | $461,944 |
Class Z | ||||
Shares sold | 78,380 | 127,231 | $753,031 | $1,565,852 |
Reinvestment of distributions | 240 | 1,442 | 2,304 | 18,109 |
Shares redeemed | (106,051) | (106,982) | (998,934) | (1,284,412) |
Net increase (decrease) | (27,431) | 21,691 | $(243,599) | $299,549 |
Fund | Affiliated % |
Fidelity Advisor Global Real Estate Fund | 40% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity Advisor® Global Real Estate Fund | ||||||||||
Class A | 1.19% | |||||||||
Actual | $ 1,000 | $ 953.50 | $ 5.86 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.21 | $ 6.06 | |||||||
Class M | 1.45% | |||||||||
Actual | $ 1,000 | $ 951.60 | $ 7.13 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.90 | $ 7.38 | |||||||
Class C | 1.94% | |||||||||
Actual | $ 1,000 | $ 949.70 | $ 9.53 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.43 | $ 9.86 | |||||||
Class I | .95% | |||||||||
Actual | $ 1,000 | $ 954.60 | $ 4.68 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.42 | $ 4.84 | |||||||
Class Z | .80% | |||||||||
Actual | $ 1,000 | $ 954.90 | $ 3.94 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.17 | $ 4.08 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
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Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Advisor Series VII’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Advisor Series VII’s (the “Trust”) disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Advisor Series VII
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | March 23, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | March 23, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | March 23, 2023 |