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 811-03785
Fidelity Advisor Series I
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, 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: | December 31 |
Date of reporting period: | June 30, 2024 |
Item 1.
Reports to Stockholders
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JUNE 30, 2024 | ||
| Fidelity Advisor® Mid Cap II Fund Fidelity Advisor® Mid Cap II Fund Class A : FIIAX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class A | $ 51 | 0.97% |
KEY FACTS | ||
Fund Size | $1,478,073,812 | |
Number of Holdings | 191 | |
Portfolio Turnover | 35% |
(as of June 30, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Industrials | 23.1 | |
Financials | 14.7 | |
Consumer Discretionary | 12.8 | |
Information Technology | 11.9 | |
Health Care | 7.2 | |
Real Estate | 7.0 | |
Materials | 6.0 | |
Energy | 4.6 | |
Consumer Staples | 4.6 | |
Utilities | 3.9 | |
Communication Services | 2.7 | |
Common Stocks | 98.5 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.5 |
ASSET ALLOCATION (% of Fund's net assets) |
![]() |
United States | 91.1 |
Israel | 1.7 |
United Kingdom | 1.6 |
Canada | 1.1 |
Sweden | 1.1 |
Puerto Rico | 0.8 |
Japan | 0.6 |
Belgium | 0.6 |
Italy | 0.4 |
Others | 1.0 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
![]() |
TOP HOLDINGS (% of Fund's net assets) | ||
ITT Inc | 1.8 | |
Williams-Sonoma Inc | 1.6 | |
nVent Electric PLC | 1.5 | |
Reinsurance Group of America Inc | 1.4 | |
US Foods Holding Corp | 1.4 | |
KBR Inc | 1.2 | |
Performance Food Group Co | 1.2 | |
Dick's Sporting Goods Inc | 1.1 | |
Primerica Inc | 1.1 | |
AptarGroup Inc | 1.1 | |
13.4 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
![]() | ![]() | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9916060.100 1359-TSRS-0824 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JUNE 30, 2024 | ||
| Fidelity Advisor® Mid Cap II Fund Fidelity Advisor® Mid Cap II Fund Class C : FIICX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class C | $ 90 | 1.72% |
KEY FACTS | ||
Fund Size | $1,478,073,812 | |
Number of Holdings | 191 | |
Portfolio Turnover | 35% |
(as of June 30, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Industrials | 23.1 | |
Financials | 14.7 | |
Consumer Discretionary | 12.8 | |
Information Technology | 11.9 | |
Health Care | 7.2 | |
Real Estate | 7.0 | |
Materials | 6.0 | |
Energy | 4.6 | |
Consumer Staples | 4.6 | |
Utilities | 3.9 | |
Communication Services | 2.7 | |
Common Stocks | 98.5 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.5 |
ASSET ALLOCATION (% of Fund's net assets) |
![]() |
United States | 91.1 |
Israel | 1.7 |
United Kingdom | 1.6 |
Canada | 1.1 |
Sweden | 1.1 |
Puerto Rico | 0.8 |
Japan | 0.6 |
Belgium | 0.6 |
Italy | 0.4 |
Others | 1.0 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
![]() |
TOP HOLDINGS (% of Fund's net assets) | ||
ITT Inc | 1.8 | |
Williams-Sonoma Inc | 1.6 | |
nVent Electric PLC | 1.5 | |
Reinsurance Group of America Inc | 1.4 | |
US Foods Holding Corp | 1.4 | |
KBR Inc | 1.2 | |
Performance Food Group Co | 1.2 | |
Dick's Sporting Goods Inc | 1.1 | |
Primerica Inc | 1.1 | |
AptarGroup Inc | 1.1 | |
13.4 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
![]() | ![]() | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9916061.100 1361-TSRS-0824 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JUNE 30, 2024 | ||
| Fidelity Advisor® Mid Cap II Fund Fidelity Advisor® Mid Cap II Fund Class Z : FZAMX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class Z | $ 30 | 0.58% |
KEY FACTS | ||
Fund Size | $1,478,073,812 | |
Number of Holdings | 191 | |
Portfolio Turnover | 35% |
(as of June 30, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Industrials | 23.1 | |
Financials | 14.7 | |
Consumer Discretionary | 12.8 | |
Information Technology | 11.9 | |
Health Care | 7.2 | |
Real Estate | 7.0 | |
Materials | 6.0 | |
Energy | 4.6 | |
Consumer Staples | 4.6 | |
Utilities | 3.9 | |
Communication Services | 2.7 | |
Common Stocks | 98.5 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.5 |
ASSET ALLOCATION (% of Fund's net assets) |
![]() |
United States | 91.1 |
Israel | 1.7 |
United Kingdom | 1.6 |
Canada | 1.1 |
Sweden | 1.1 |
Puerto Rico | 0.8 |
Japan | 0.6 |
Belgium | 0.6 |
Italy | 0.4 |
Others | 1.0 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
![]() |
TOP HOLDINGS (% of Fund's net assets) | ||
ITT Inc | 1.8 | |
Williams-Sonoma Inc | 1.6 | |
nVent Electric PLC | 1.5 | |
Reinsurance Group of America Inc | 1.4 | |
US Foods Holding Corp | 1.4 | |
KBR Inc | 1.2 | |
Performance Food Group Co | 1.2 | |
Dick's Sporting Goods Inc | 1.1 | |
Primerica Inc | 1.1 | |
AptarGroup Inc | 1.1 | |
13.4 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
![]() | ![]() | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9916064.100 2538-TSRS-0824 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JUNE 30, 2024 | ||
| Fidelity Advisor® Mid Cap II Fund Fidelity Advisor® Mid Cap II Fund Class M : FITIX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class M | $ 63 | 1.22% |
KEY FACTS | ||
Fund Size | $1,478,073,812 | |
Number of Holdings | 191 | |
Portfolio Turnover | 35% |
(as of June 30, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Industrials | 23.1 | |
Financials | 14.7 | |
Consumer Discretionary | 12.8 | |
Information Technology | 11.9 | |
Health Care | 7.2 | |
Real Estate | 7.0 | |
Materials | 6.0 | |
Energy | 4.6 | |
Consumer Staples | 4.6 | |
Utilities | 3.9 | |
Communication Services | 2.7 | |
Common Stocks | 98.5 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.5 |
ASSET ALLOCATION (% of Fund's net assets) |
![]() |
United States | 91.1 |
Israel | 1.7 |
United Kingdom | 1.6 |
Canada | 1.1 |
Sweden | 1.1 |
Puerto Rico | 0.8 |
Japan | 0.6 |
Belgium | 0.6 |
Italy | 0.4 |
Others | 1.0 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
![]() |
TOP HOLDINGS (% of Fund's net assets) | ||
ITT Inc | 1.8 | |
Williams-Sonoma Inc | 1.6 | |
nVent Electric PLC | 1.5 | |
Reinsurance Group of America Inc | 1.4 | |
US Foods Holding Corp | 1.4 | |
KBR Inc | 1.2 | |
Performance Food Group Co | 1.2 | |
Dick's Sporting Goods Inc | 1.1 | |
Primerica Inc | 1.1 | |
AptarGroup Inc | 1.1 | |
13.4 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
![]() | ![]() | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9916062.100 1362-TSRS-0824 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JUNE 30, 2024 | ||
| Fidelity Advisor® Mid Cap II Fund Fidelity Advisor® Mid Cap II Fund Class I : FIIMX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class I | $ 37 | 0.71% |
KEY FACTS | ||
Fund Size | $1,478,073,812 | |
Number of Holdings | 191 | |
Portfolio Turnover | 35% |
(as of June 30, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Industrials | 23.1 | |
Financials | 14.7 | |
Consumer Discretionary | 12.8 | |
Information Technology | 11.9 | |
Health Care | 7.2 | |
Real Estate | 7.0 | |
Materials | 6.0 | |
Energy | 4.6 | |
Consumer Staples | 4.6 | |
Utilities | 3.9 | |
Communication Services | 2.7 | |
Common Stocks | 98.5 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.5 |
ASSET ALLOCATION (% of Fund's net assets) |
![]() |
United States | 91.1 |
Israel | 1.7 |
United Kingdom | 1.6 |
Canada | 1.1 |
Sweden | 1.1 |
Puerto Rico | 0.8 |
Japan | 0.6 |
Belgium | 0.6 |
Italy | 0.4 |
Others | 1.0 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
![]() |
TOP HOLDINGS (% of Fund's net assets) | ||
ITT Inc | 1.8 | |
Williams-Sonoma Inc | 1.6 | |
nVent Electric PLC | 1.5 | |
Reinsurance Group of America Inc | 1.4 | |
US Foods Holding Corp | 1.4 | |
KBR Inc | 1.2 | |
Performance Food Group Co | 1.2 | |
Dick's Sporting Goods Inc | 1.1 | |
Primerica Inc | 1.1 | |
AptarGroup Inc | 1.1 | |
13.4 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
![]() | ![]() | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9916063.100 1363-TSRS-0824 |
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.
Financial Statements and Financial Highlights for Open-End Management Investment Companies
![](https://capedge.com/proxy/N-CSRS/0000722574-24-000227/img99801_1.jpg)
![](https://capedge.com/proxy/N-CSRS/0000722574-24-000227/img99801_2.jpg)
Contents
Common Stocks - 98.5% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.7% | |||
Entertainment - 2.1% | |||
Capcom Co. Ltd. | 223,100 | 4,220,358 | |
Live Nation Entertainment, Inc. (a) | 92,200 | 8,642,828 | |
Spotify Technology SA (a) | 24,800 | 7,781,992 | |
TKO Group Holdings, Inc. | 96,800 | 10,453,432 | |
31,098,610 | |||
Interactive Media & Services - 0.6% | |||
IAC, Inc. (a) | 86,600 | 4,057,210 | |
Pinterest, Inc. Class A (a) | 122,500 | 5,398,575 | |
9,455,785 | |||
TOTAL COMMUNICATION SERVICES | 40,554,395 | ||
CONSUMER DISCRETIONARY - 12.8% | |||
Automobile Components - 1.1% | |||
Autoliv, Inc. | 148,700 | 15,909,413 | |
Diversified Consumer Services - 0.8% | |||
Duolingo, Inc. (a) | 26,800 | 5,592,356 | |
Grand Canyon Education, Inc. (a) | 43,800 | 6,128,058 | |
11,720,414 | |||
Hotels, Restaurants & Leisure - 3.9% | |||
Aramark | 249,500 | 8,487,990 | |
Bowlero Corp. Class A (b) | 256,001 | 3,709,454 | |
Churchill Downs, Inc. | 86,316 | 12,049,714 | |
Dutch Bros, Inc. (a) | 27,000 | 1,117,800 | |
First Watch Restaurant Group, Inc. (a)(b) | 72,700 | 1,276,612 | |
Light & Wonder, Inc. Class A (a) | 129,100 | 13,540,008 | |
Misa Investments Ltd. | 134,500 | 4,564,930 | |
Red Rock Resorts, Inc. | 77,900 | 4,279,047 | |
Texas Roadhouse, Inc. | 47,200 | 8,104,712 | |
57,130,267 | |||
Household Durables - 2.4% | |||
KB Home | 75,100 | 5,270,518 | |
NVR, Inc. (a) | 1,415 | 10,737,812 | |
Taylor Morrison Home Corp. (a) | 179,000 | 9,923,760 | |
TopBuild Corp. (a) | 26,900 | 10,363,763 | |
36,295,853 | |||
Specialty Retail - 3.5% | |||
Aritzia, Inc. (a) | 149,500 | 4,231,307 | |
Dick's Sporting Goods, Inc. | 78,600 | 16,887,210 | |
Five Below, Inc. (a) | 29,800 | 3,247,306 | |
Floor & Decor Holdings, Inc. Class A (a)(b) | 45,200 | 4,493,332 | |
Williams-Sonoma, Inc. | 79,700 | 22,504,889 | |
51,364,044 | |||
Textiles, Apparel & Luxury Goods - 1.1% | |||
Deckers Outdoor Corp. (a) | 10,475 | 10,139,276 | |
PVH Corp. | 59,900 | 6,341,613 | |
16,480,889 | |||
TOTAL CONSUMER DISCRETIONARY | 188,900,880 | ||
CONSUMER STAPLES - 4.6% | |||
Beverages - 0.1% | |||
Boston Beer Co., Inc. Class A (a) | 4,900 | 1,494,745 | |
Consumer Staples Distribution & Retail - 4.1% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 184,300 | 16,188,912 | |
Performance Food Group Co. (a) | 257,700 | 17,036,547 | |
Sprouts Farmers Market LLC (a) | 82,600 | 6,910,316 | |
U.S. Foods Holding Corp. (a) | 380,100 | 20,137,698 | |
60,273,473 | |||
Food Products - 0.4% | |||
Nomad Foods Ltd. | 172,700 | 2,846,096 | |
Westrock Coffee Holdings (a)(b) | 295,634 | 3,024,336 | |
5,870,432 | |||
TOTAL CONSUMER STAPLES | 67,638,650 | ||
ENERGY - 4.6% | |||
Energy Equipment & Services - 2.4% | |||
Baker Hughes Co. Class A | 254,800 | 8,961,316 | |
Kodiak Gas Services, Inc. | 22,500 | 613,350 | |
NOV, Inc. | 217,900 | 4,142,279 | |
TechnipFMC PLC | 497,300 | 13,004,395 | |
Valaris Ltd. (a) | 124,607 | 9,283,222 | |
36,004,562 | |||
Oil, Gas & Consumable Fuels - 2.2% | |||
Antero Resources Corp. (a) | 325,400 | 10,617,802 | |
MEG Energy Corp. (a) | 207,200 | 4,433,130 | |
Ovintiv, Inc. | 211,300 | 9,903,631 | |
Range Resources Corp. | 203,397 | 6,819,901 | |
31,774,464 | |||
TOTAL ENERGY | 67,779,026 | ||
FINANCIALS - 14.8% | |||
Banks - 4.5% | |||
Bancorp, Inc., Delaware (a) | 237,000 | 8,949,120 | |
Cadence Bank | 137,600 | 3,891,328 | |
East West Bancorp, Inc. | 190,388 | 13,942,113 | |
First Citizens Bancshares, Inc. | 2,900 | 4,882,469 | |
KeyCorp | 533,800 | 7,585,298 | |
Popular, Inc. | 138,200 | 12,221,026 | |
Wintrust Financial Corp. | 153,800 | 15,158,528 | |
66,629,882 | |||
Capital Markets - 3.2% | |||
Blue Owl Capital, Inc. Class A | 286,500 | 5,085,375 | |
Houlihan Lokey | 61,700 | 8,320,862 | |
Northern Trust Corp. | 84,600 | 7,104,708 | |
Raymond James Financial, Inc. | 85,286 | 10,542,202 | |
Stifel Financial Corp. | 104,800 | 8,818,920 | |
TMX Group Ltd. | 269,800 | 7,509,948 | |
47,382,015 | |||
Financial Services - 1.3% | |||
Essent Group Ltd. | 212,229 | 11,925,148 | |
PennyMac Financial Services, Inc. | 58,000 | 5,486,800 | |
Toast, Inc. (a) | 87,100 | 2,244,567 | |
19,656,515 | |||
Insurance - 5.8% | |||
American Financial Group, Inc. | 42,700 | 5,252,954 | |
Arch Capital Group Ltd. (a) | 109,100 | 11,007,099 | |
Fidelis Insurance Holdings Ltd. | 219,200 | 3,575,152 | |
Hartford Financial Services Group, Inc. | 143,300 | 14,407,382 | |
Old Republic International Corp. | 346,800 | 10,716,120 | |
Primerica, Inc. | 69,158 | 16,361,400 | |
Reinsurance Group of America, Inc. | 98,591 | 20,237,775 | |
Selective Insurance Group, Inc. | 34,600 | 3,246,518 | |
84,804,400 | |||
TOTAL FINANCIALS | 218,472,812 | ||
HEALTH CARE - 7.2% | |||
Biotechnology - 1.5% | |||
Amicus Therapeutics, Inc. (a) | 77,800 | 771,776 | |
Arcellx, Inc. (a) | 19,200 | 1,059,648 | |
Arrowhead Pharmaceuticals, Inc. (a) | 133,715 | 3,475,253 | |
Blueprint Medicines Corp. (a) | 32,400 | 3,492,072 | |
Crinetics Pharmaceuticals, Inc. (a) | 26,700 | 1,195,893 | |
Krystal Biotech, Inc. (a) | 7,500 | 1,377,300 | |
Repligen Corp. (a) | 15,600 | 1,966,536 | |
SpringWorks Therapeutics, Inc. (a) | 23,000 | 866,410 | |
United Therapeutics Corp. (a) | 26,300 | 8,377,865 | |
22,582,753 | |||
Health Care Equipment & Supplies - 2.0% | |||
Boston Scientific Corp. (a) | 105,310 | 8,109,923 | |
Glaukos Corp. (a) | 22,300 | 2,639,205 | |
Masimo Corp. (a) | 59,035 | 7,434,868 | |
The Cooper Companies, Inc. | 60,556 | 5,286,539 | |
TransMedics Group, Inc. (a) | 42,900 | 6,461,598 | |
29,932,133 | |||
Health Care Providers & Services - 2.8% | |||
Encompass Health Corp. | 165,800 | 14,223,982 | |
Molina Healthcare, Inc. (a) | 24,400 | 7,254,120 | |
Option Care Health, Inc. (a) | 346,900 | 9,609,130 | |
Tenet Healthcare Corp. (a) | 41,400 | 5,507,442 | |
Universal Health Services, Inc. Class B | 23,000 | 4,253,390 | |
40,848,064 | |||
Life Sciences Tools & Services - 0.2% | |||
10X Genomics, Inc. (a) | 37,600 | 731,320 | |
Sartorius Stedim Biotech | 16,700 | 2,741,750 | |
3,473,070 | |||
Pharmaceuticals - 0.7% | |||
Longboard Pharmaceuticals, Inc. (a) | 43,300 | 1,170,399 | |
UCB SA | 60,800 | 9,031,279 | |
10,201,678 | |||
TOTAL HEALTH CARE | 107,037,698 | ||
INDUSTRIALS - 23.0% | |||
Aerospace & Defense - 1.0% | |||
Axon Enterprise, Inc. (a) | 15,100 | 4,443,024 | |
Howmet Aerospace, Inc. | 135,300 | 10,503,339 | |
14,946,363 | |||
Air Freight & Logistics - 0.6% | |||
GXO Logistics, Inc. (a) | 186,588 | 9,422,694 | |
Building Products - 2.5% | |||
Builders FirstSource, Inc. (a) | 25,000 | 3,460,250 | |
Carlisle Companies, Inc. | 22,900 | 9,279,309 | |
Fortune Brands Innovations, Inc. | 120,800 | 7,844,752 | |
Simpson Manufacturing Co. Ltd. | 32,800 | 5,527,784 | |
Trex Co., Inc. (a) | 137,700 | 10,206,324 | |
36,318,419 | |||
Commercial Services & Supplies - 0.8% | |||
ACV Auctions, Inc. Class A (a) | 262,400 | 4,788,800 | |
CECO Environmental Corp. (a) | 78,800 | 2,273,380 | |
Clean Harbors, Inc. (a) | 20,300 | 4,590,845 | |
11,653,025 | |||
Construction & Engineering - 1.7% | |||
Centuri Holdings, Inc. | 3,200 | 62,336 | |
Comfort Systems U.S.A., Inc. | 29,500 | 8,971,540 | |
Quanta Services, Inc. | 40,500 | 10,290,645 | |
Willscot Mobile Mini Holdings (a) | 161,300 | 6,071,332 | |
25,395,853 | |||
Electrical Equipment - 4.6% | |||
Acuity Brands, Inc. | 50,500 | 12,192,720 | |
AMETEK, Inc. | 63,900 | 10,652,769 | |
Nextracker, Inc. Class A (a) | 139,046 | 6,518,476 | |
nVent Electric PLC | 268,300 | 20,554,463 | |
Prysmian SpA | 95,900 | 5,938,351 | |
Sunrun, Inc. (a)(b) | 177,007 | 2,099,303 | |
Vertiv Holdings Co. | 123,800 | 10,717,366 | |
68,673,448 | |||
Ground Transportation - 1.7% | |||
J.B. Hunt Transport Services, Inc. | 20,949 | 3,351,840 | |
Saia, Inc. (a) | 30,000 | 14,228,700 | |
XPO, Inc. (a) | 65,700 | 6,974,055 | |
24,554,595 | |||
Machinery - 5.8% | |||
Chart Industries, Inc. (a) | 64,700 | 9,338,798 | |
Crane Co. | 110,200 | 15,976,796 | |
Fortive Corp. | 109,700 | 8,128,770 | |
IDEX Corp. | 32,100 | 6,458,520 | |
Ingersoll Rand, Inc. | 147,400 | 13,389,816 | |
ITT, Inc. | 189,059 | 24,422,641 | |
Westinghouse Air Brake Tech Co. | 47,200 | 7,459,960 | |
85,175,301 | |||
Professional Services - 2.4% | |||
FTI Consulting, Inc. (a) | 36,900 | 7,953,057 | |
KBR, Inc. | 274,900 | 17,632,086 | |
Maximus, Inc. | 121,600 | 10,421,120 | |
36,006,263 | |||
Trading Companies & Distributors - 1.9% | |||
Applied Industrial Technologies, Inc. | 60,900 | 11,814,600 | |
DNOW, Inc. (a) | 379,000 | 5,203,670 | |
Watsco, Inc. | 24,400 | 11,303,056 | |
28,321,326 | |||
TOTAL INDUSTRIALS | 340,467,287 | ||
INFORMATION TECHNOLOGY - 11.8% | |||
Communications Equipment - 0.5% | |||
Digi International, Inc. (a) | 326,300 | 7,482,059 | |
Electronic Equipment, Instruments & Components - 2.8% | |||
Belden, Inc. | 51,300 | 4,811,940 | |
CDW Corp. | 38,051 | 8,517,336 | |
Coherent Corp. (a) | 77,200 | 5,593,912 | |
Crane NXT Co. | 84,800 | 5,208,416 | |
Flex Ltd. (a) | 435,300 | 12,836,997 | |
Jabil, Inc. | 35,674 | 3,880,974 | |
40,849,575 | |||
IT Services - 1.3% | |||
ASGN, Inc. (a) | 70,099 | 6,180,629 | |
Wix.com Ltd. (a) | 82,100 | 13,059,647 | |
19,240,276 | |||
Semiconductors & Semiconductor Equipment - 5.2% | |||
Allegro MicroSystems LLC (a) | 185,307 | 5,233,070 | |
Astera Labs, Inc. | 2,700 | 163,377 | |
Enphase Energy, Inc. (a) | 26,500 | 2,642,315 | |
First Solar, Inc. (a) | 32,200 | 7,259,812 | |
Lattice Semiconductor Corp. (a) | 76,223 | 4,420,172 | |
MKS Instruments, Inc. | 108,000 | 14,102,640 | |
Nova Ltd. (a) | 48,000 | 11,257,440 | |
Teradyne, Inc. | 86,800 | 12,871,572 | |
Ultra Clean Holdings, Inc. (a) | 96,400 | 4,723,600 | |
Universal Display Corp. | 65,500 | 13,771,375 | |
76,445,373 | |||
Software - 0.9% | |||
Dynatrace, Inc. (a) | 63,700 | 2,849,938 | |
Manhattan Associates, Inc. (a) | 15,200 | 3,749,536 | |
Monday.com Ltd. (a) | 10,000 | 2,407,600 | |
Sage Group PLC | 347,100 | 4,776,002 | |
13,783,076 | |||
Technology Hardware, Storage & Peripherals - 1.1% | |||
Seagate Technology Holdings PLC | 67,200 | 6,939,744 | |
Western Digital Corp. (a) | 70,000 | 5,303,900 | |
Wiwynn Corp. | 54,000 | 4,393,553 | |
16,637,197 | |||
TOTAL INFORMATION TECHNOLOGY | 174,437,556 | ||
MATERIALS - 6.1% | |||
Chemicals - 2.3% | |||
Axalta Coating Systems Ltd. (a) | 277,800 | 9,492,426 | |
Celanese Corp. | 61,600 | 8,309,224 | |
Element Solutions, Inc. | 547,700 | 14,853,624 | |
OCI NV | 73,700 | 1,798,792 | |
34,454,066 | |||
Construction Materials - 0.9% | |||
Martin Marietta Materials, Inc. | 25,500 | 13,815,900 | |
Containers & Packaging - 2.0% | |||
Aptargroup, Inc. | 116,100 | 16,348,041 | |
Avery Dennison Corp. | 56,900 | 12,441,185 | |
28,789,226 | |||
Metals & Mining - 0.9% | |||
Reliance, Inc. | 22,600 | 6,454,560 | |
Wheaton Precious Metals Corp. | 112,900 | 5,919,606 | |
12,374,166 | |||
TOTAL MATERIALS | 89,433,358 | ||
REAL ESTATE - 7.0% | |||
Equity Real Estate Investment Trusts (REITs) - 6.7% | |||
Americold Realty Trust | 177,800 | 4,541,012 | |
CubeSmart | 240,200 | 10,849,834 | |
EastGroup Properties, Inc. | 64,500 | 10,971,450 | |
Equity Lifestyle Properties, Inc. | 57,200 | 3,725,436 | |
Essex Property Trust, Inc. | 20,700 | 5,634,540 | |
Four Corners Property Trust, Inc. | 195,100 | 4,813,117 | |
Invitation Homes, Inc. | 203,500 | 7,303,615 | |
Kimco Realty Corp. | 336,800 | 6,554,128 | |
Lamar Advertising Co. Class A | 114,400 | 13,674,232 | |
Omega Healthcare Investors, Inc. | 97,400 | 3,335,950 | |
Ryman Hospitality Properties, Inc. | 73,800 | 7,369,668 | |
Sun Communities, Inc. | 30,800 | 3,706,472 | |
Terreno Realty Corp. | 135,100 | 7,995,218 | |
Ventas, Inc. | 179,000 | 9,175,540 | |
99,650,212 | |||
Real Estate Management & Development - 0.3% | |||
CBRE Group, Inc. (a) | 44,291 | 3,946,771 | |
TOTAL REAL ESTATE | 103,596,983 | ||
UTILITIES - 3.9% | |||
Electric Utilities - 0.6% | |||
PG&E Corp. | 505,800 | 8,831,268 | |
Gas Utilities - 0.6% | |||
Southwest Gas Holdings, Inc. | 83,900 | 5,904,882 | |
UGI Corp. | 113,700 | 2,603,730 | |
8,508,612 | |||
Independent Power and Renewable Electricity Producers - 1.3% | |||
Clearway Energy, Inc. Class C | 154,322 | 3,810,210 | |
The AES Corp. | 263,000 | 4,620,910 | |
Vistra Corp. | 118,400 | 10,180,032 | |
18,611,152 | |||
Multi-Utilities - 0.8% | |||
NiSource, Inc. | 265,100 | 7,637,531 | |
NorthWestern Energy Corp. | 99,200 | 4,967,936 | |
12,605,467 | |||
Water Utilities - 0.6% | |||
Essential Utilities, Inc. | 233,800 | 8,727,754 | |
TOTAL UTILITIES | 57,284,253 | ||
TOTAL COMMON STOCKS (Cost $1,015,991,293) | 1,455,602,898 | ||
Money Market Funds - 2.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.38% (c) | 23,473,305 | 23,478,000 | |
Fidelity Securities Lending Cash Central Fund 5.38% (c)(d) | 14,326,267 | 14,327,700 | |
TOTAL MONEY MARKET FUNDS (Cost $37,805,700) | 37,805,700 | ||
TOTAL INVESTMENT IN SECURITIES - 101.0% (Cost $1,053,796,993) | 1,493,408,598 |
NET OTHER ASSETS (LIABILITIES) - (1.0)% | (15,334,786) |
NET ASSETS - 100.0% | 1,478,073,812 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.38% | 10,232,493 | 135,939,914 | 122,694,052 | 498,142 | (355) | - | 23,478,000 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.38% | 42,433,562 | 149,518,554 | 177,624,415 | 228,037 | - | (1) | 14,327,700 | 0.1% |
Total | 52,666,055 | 285,458,468 | 300,318,467 | 726,179 | (355) | (1) | 37,805,700 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 40,554,395 | 36,334,037 | 4,220,358 | - |
Consumer Discretionary | 188,900,880 | 188,900,880 | - | - |
Consumer Staples | 67,638,650 | 67,638,650 | - | - |
Energy | 67,779,026 | 67,779,026 | - | - |
Financials | 218,472,812 | 218,472,812 | - | - |
Health Care | 107,037,698 | 107,037,698 | - | - |
Industrials | 340,467,287 | 340,467,287 | - | - |
Information Technology | 174,437,556 | 174,437,556 | - | - |
Materials | 89,433,358 | 89,433,358 | - | - |
Real Estate | 103,596,983 | 103,596,983 | - | - |
Utilities | 57,284,253 | 57,284,253 | - | - |
Money Market Funds | 37,805,700 | 37,805,700 | - | - |
Total Investments in Securities: | 1,493,408,598 | 1,489,188,240 | 4,220,358 | - |
Statement of Assets and Liabilities | ||||
June 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $13,657,511) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,015,991,293) | $ | 1,455,602,898 | ||
Fidelity Central Funds (cost $37,805,700) | 37,805,700 | |||
Total Investment in Securities (cost $1,053,796,993) | $ | 1,493,408,598 | ||
Foreign currency held at value (cost $27,727) | 27,640 | |||
Receivable for investments sold | 1,205,208 | |||
Receivable for fund shares sold | 360,626 | |||
Dividends receivable | 1,118,690 | |||
Distributions receivable from Fidelity Central Funds | 119,644 | |||
Other receivables | 26,587 | |||
Total assets | 1,496,266,993 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,924,709 | ||
Payable for fund shares redeemed | 723,106 | |||
Accrued management fee | 854,359 | |||
Distribution and service plan fees payable | 307,956 | |||
Other payables and accrued expenses | 55,351 | |||
Collateral on securities loaned | 14,327,700 | |||
Total liabilities | 18,193,181 | |||
Net Assets | $ | 1,478,073,812 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 947,808,912 | ||
Total accumulated earnings (loss) | 530,264,900 | |||
Net Assets | $ | 1,478,073,812 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($740,714,255 ÷ 32,637,870 shares)(a) | $ | 22.69 | ||
Maximum offering price per share (100/94.25 of $22.69) | $ | 24.07 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($288,564,495 ÷ 13,271,568 shares)(a) | $ | 21.74 | ||
Maximum offering price per share (100/96.50 of $21.74) | $ | 22.53 | ||
Class C : | ||||
Net Asset Value and offering price per share ($37,518,125 ÷ 2,055,774 shares)(a) | $ | 18.25 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($330,197,244 ÷ 13,851,919 shares) | $ | 23.84 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($81,079,693 ÷ 3,403,765 shares) | $ | 23.82 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended June 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 8,086,491 | ||
Income from Fidelity Central Funds (including $228,037 from security lending) | 726,179 | |||
Total income | 8,812,670 | |||
Expenses | ||||
Management fee | $ | 4,659,348 | ||
Transfer agent fees | 412,402 | |||
Distribution and service plan fees | 1,826,069 | |||
Accounting fees | 65,359 | |||
Custodian fees and expenses | 11,850 | |||
Independent trustees' fees and expenses | 3,109 | |||
Registration fees | 54,844 | |||
Audit | 40,369 | |||
Legal | 5,454 | |||
Miscellaneous | 19,597 | |||
Total expenses before reductions | 7,098,401 | |||
Expense reductions | (63,541) | |||
Total expenses after reductions | 7,034,860 | |||
Net Investment income (loss) | 1,777,810 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 52,967,540 | |||
Redemptions in-kind | 41,347,625 | |||
Fidelity Central Funds | (355) | |||
Foreign currency transactions | (19,850) | |||
Total net realized gain (loss) | 94,294,960 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 34,825,579 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | (3,631) | |||
Total change in net unrealized appreciation (depreciation) | 34,821,947 | |||
Net gain (loss) | 129,116,907 | |||
Net increase (decrease) in net assets resulting from operations | $ | 130,894,717 |
Statement of Changes in Net Assets | ||||
Six months ended June 30, 2024 (Unaudited) | Year ended December 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,777,810 | $ | 2,839,155 |
Net realized gain (loss) | 94,294,960 | 65,642,240 | ||
Change in net unrealized appreciation (depreciation) | 34,821,947 | 117,750,989 | ||
Net increase (decrease) in net assets resulting from operations | 130,894,717 | 186,232,384 | ||
Distributions to shareholders | (33,085,271) | (36,429,267) | ||
Share transactions - net increase (decrease) | (24,531,634) | (75,406,965) | ||
Total increase (decrease) in net assets | 73,277,812 | 74,396,152 | ||
Net Assets | ||||
Beginning of period | 1,404,796,000 | 1,330,399,848 | ||
End of period | $ | 1,478,073,812 | $ | 1,404,796,000 |
Fidelity Advisor® Mid Cap II Fund Class A |
Six months ended (Unaudited) June 30, 2024 | Years ended December 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.21 | $ | 18.98 | $ | 23.56 | $ | 22.59 | $ | 19.31 | $ | 16.21 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .04 | .04 | .03 | .01 | .08 | ||||||
Net realized and unrealized gain (loss) | 1.96 | 2.74 | (3.54) | 5.40 | 3.52 | 3.64 | ||||||
Total from investment operations | 1.99 | 2.78 | (3.50) | 5.43 | 3.53 | 3.72 | ||||||
Distributions from net investment income | - | (.04) | (.02) | (.01) | (.03) | (.08) | ||||||
Distributions from net realized gain | (.51) | (.51) | (1.06) | (4.46) | (.22) | (.54) | ||||||
Total distributions | (.51) | (.55) | (1.08) | (4.46) C | (.25) | (.62) | ||||||
Net asset value, end of period | $ | 22.69 | $ | 21.21 | $ | 18.98 | $ | 23.56 | $ | 22.59 | $ | 19.31 |
Total Return D,E,F | 9.47 % | 14.70% | (15.02)% | 24.92% | 18.34% | 23.31% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .98% I | 1.01% | 1.01% | 1.00% | 1.05% | 1.04% | ||||||
Expenses net of fee waivers, if any | .97 % I | 1.00% | 1.01% | 1.00% | 1.05% | 1.04% | ||||||
Expenses net of all reductions | .97% I | 1.00% | 1.01% | 1.00% | 1.04% | 1.03% | ||||||
Net investment income (loss) | .23% I | .19% | .17% | .11% | .06% | .43% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 740,714 | $ | 698,537 | $ | 651,156 | $ | 828,601 | $ | 674,103 | $ | 653,829 |
Portfolio turnover rate J | 35 % I,K | 47% | 34% | 42% | 43% | 31% |
Fidelity Advisor® Mid Cap II Fund Class M |
Six months ended (Unaudited) June 30, 2024 | Years ended December 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.37 | $ | 18.26 | $ | 22.74 | $ | 21.94 | $ | 18.78 | $ | 15.78 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - | (.01) | (.01) | (.03) | (.03) | .03 | ||||||
Net realized and unrealized gain (loss) | 1.88 | 2.63 | (3.41) | 5.23 | 3.41 | 3.55 | ||||||
Total from investment operations | 1.88 | 2.62 | (3.42) | 5.20 | 3.38 | 3.58 | ||||||
Distributions from net investment income | - | - | - | - | - | (.03) | ||||||
Distributions from net realized gain | (.51) | (.51) | (1.06) | (4.40) | (.22) | (.54) | ||||||
Total distributions | (.51) | (.51) | (1.06) | (4.40) | (.22) | (.58) C | ||||||
Net asset value, end of period | $ | 21.74 | $ | 20.37 | $ | 18.26 | $ | 22.74 | $ | 21.94 | $ | 18.78 |
Total Return D,E,F | 9.31 % | 14.42% | (15.19)% | 24.58% | 18.05% | 23.03% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.23% I | 1.25% | 1.25% | 1.25% | 1.28% | 1.28% | ||||||
Expenses net of fee waivers, if any | 1.22 % I | 1.25% | 1.25% | 1.25% | 1.28% | 1.28% | ||||||
Expenses net of all reductions | 1.22% I | 1.25% | 1.25% | 1.25% | 1.28% | 1.27% | ||||||
Net investment income (loss) | (.02)% I | (.06)% | (.07)% | (.13)% | (.17)% | .20% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 288,564 | $ | 276,480 | $ | 268,867 | $ | 347,492 | $ | 308,136 | $ | 311,665 |
Portfolio turnover rate J | 35 % I,K | 47% | 34% | 42% | 43% | 31% |
Fidelity Advisor® Mid Cap II Fund Class C |
Six months ended (Unaudited) June 30, 2024 | Years ended December 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.21 | $ | 15.59 | $ | 19.71 | $ | 19.51 | $ | 16.82 | $ | 14.23 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.05) | (.10) | (.11) | (.15) | (.12) | (.06) | ||||||
Net realized and unrealized gain (loss) | 1.60 | 2.23 | (2.95) | 4.63 | 3.03 | 3.19 | ||||||
Total from investment operations | 1.55 | 2.13 | (3.06) | 4.48 | 2.91 | 3.13 | ||||||
Distributions from net realized gain | (.51) | (.51) | (1.06) | (4.28) | (.22) | (.54) | ||||||
Total distributions | (.51) | (.51) | (1.06) | (4.28) | (.22) | (.54) | ||||||
Net asset value, end of period | $ | 18.25 | $ | 17.21 | $ | 15.59 | $ | 19.71 | $ | 19.51 | $ | 16.82 |
Total Return C,D,E | 9.10 % | 13.74% | (15.71)% | 23.91% | 17.36% | 22.39% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.73% H | 1.82% | 1.83% | 1.83% | 1.86% | 1.84% | ||||||
Expenses net of fee waivers, if any | 1.72 % H | 1.82% | 1.83% | 1.82% | 1.86% | 1.84% | ||||||
Expenses net of all reductions | 1.72% H | 1.82% | 1.83% | 1.82% | 1.85% | 1.83% | ||||||
Net investment income (loss) | (.52)% H | (.63)% | (.65)% | (.71)% | (.75)% | (.36)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 37,518 | $ | 38,594 | $ | 43,947 | $ | 67,519 | $ | 93,765 | $ | 104,617 |
Portfolio turnover rate I | 35 % H,J | 47% | 34% | 42% | 43% | 31% |
Fidelity Advisor® Mid Cap II Fund Class I |
Six months ended (Unaudited) June 30, 2024 | Years ended December 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.23 | $ | 19.86 | $ | 24.59 | $ | 23.41 | $ | 19.99 | $ | 16.75 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .10 | .09 | .10 | .07 | .14 | ||||||
Net realized and unrealized gain (loss) | 2.06 | 2.87 | (3.69) | 5.61 | 3.65 | 3.76 | ||||||
Total from investment operations | 2.12 | 2.97 | (3.60) | 5.71 | 3.72 | 3.90 | ||||||
Distributions from net investment income | - | (.09) | (.07) | (.07) | (.08) | (.12) | ||||||
Distributions from net realized gain | (.51) | (.51) | (1.06) | (4.46) | (.22) | (.54) | ||||||
Total distributions | (.51) | (.60) | (1.13) | (4.53) | (.30) | (.66) | ||||||
Net asset value, end of period | $ | 23.84 | $ | 22.23 | $ | 19.86 | $ | 24.59 | $ | 23.41 | $ | 19.99 |
Total Return C,D | 9.62 % | 15.03% | (14.77)% | 25.24% | 18.68% | 23.64% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .72% G | .74% | .74% | .73% | .76% | .75% | ||||||
Expenses net of fee waivers, if any | .71 % G | .73% | .73% | .73% | .76% | .75% | ||||||
Expenses net of all reductions | .71% G | .73% | .73% | .73% | .75% | .75% | ||||||
Net investment income (loss) | .49% G | .46% | .45% | .39% | .35% | .72% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 330,197 | $ | 318,290 | $ | 308,672 | $ | 419,860 | $ | 378,711 | $ | 469,139 |
Portfolio turnover rate H | 35 % G,I | 47% | 34% | 42% | 43% | 31% |
Fidelity Advisor® Mid Cap II Fund Class Z |
Six months ended (Unaudited) June 30, 2024 | Years ended December 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.20 | $ | 19.83 | $ | 24.56 | $ | 23.39 | $ | 19.97 | $ | 16.74 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .12 | .12 | .13 | .09 | .16 | ||||||
Net realized and unrealized gain (loss) | 2.06 | 2.88 | (3.69) | 5.60 | 3.66 | 3.77 | ||||||
Total from investment operations | 2.13 | 3.00 | (3.57) | 5.73 | 3.75 | 3.93 | ||||||
Distributions from net investment income | - | (.12) | (.10) | (.11) | (.11) | (.16) | ||||||
Distributions from net realized gain | (.51) | (.51) | (1.06) | (4.46) | (.22) | (.54) | ||||||
Total distributions | (.51) | (.63) | (1.16) | (4.56) C | (.33) | (.70) | ||||||
Net asset value, end of period | $ | 23.82 | $ | 22.20 | $ | 19.83 | $ | 24.56 | $ | 23.39 | $ | 19.97 |
Total Return D,E | 9.68 % | 15.18% | (14.67)% | 25.38% | 18.84% | 23.84% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .59% H | .61% | .61% | .61% | .63% | .63% | ||||||
Expenses net of fee waivers, if any | .58 % H | .60% | .61% | .61% | .63% | .63% | ||||||
Expenses net of all reductions | .58% H | .60% | .61% | .61% | .62% | .62% | ||||||
Net investment income (loss) | .62% H | .59% | .57% | .51% | .48% | .85% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 81,080 | $ | 72,894 | $ | 57,758 | $ | 49,283 | $ | 31,800 | $ | 42,787 |
Portfolio turnover rate I | 35 % H,J | 47% | 34% | 42% | 43% | 31% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
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 | $463,602,116 |
Gross unrealized depreciation | (25,160,474) |
Net unrealized appreciation (depreciation) | $438,441,642 |
Tax cost | $1,054,966,956 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Mid Cap II Fund | 255,156,415 | 277,584,125 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Advisor Mid Cap II Fund | 2,283,477 | 41,347,625 | 53,552,963 |
Maximum Management Fee Rate % | |
Class A | .71 |
Class M | .70 |
Class C | .72 |
Class I | .69 |
Class Z | .56 |
Total Management Fee Rate % | |
Class A | .70 |
Class M | .70 |
Class C | .70 |
Class I | .69 |
Class Z | .56 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 913,304 | 13,715 |
Class M | .25% | .25% | 718,688 | 4,922 |
Class C | .75% | .25% | 194,077 | 20,119 |
1,826,069 | 38,756 |
Retained by FDC ($) | |
Class A | 48,127 |
Class M | 3,602 |
Class CA | 743 |
52,472 |
Amount ($) | % of Class-Level Average Net Assets | ||
Class A | 219,379 | .1873 | |
Class M | 84,006 | .1816 | |
Class C | 12,780 | .2000 | |
Class I | 91,117 | .1710 | |
Class Z | 5,120 | .0420 | |
Total | 412,402 | ||
% of Average Net Assets | |
Fidelity Advisor Mid Cap II Fund | .0278 |
Amount ($) | |
Fidelity Advisor Mid Cap II Fund | 4,198 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Mid Cap II Fund | 7,582,556 | 24,784,016 | 5,529,729 |
Amount ($) | |
Fidelity Advisor Mid Cap II Fund | 1,314 |
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 Mid Cap II Fund | 24,085 | - | - |
Six months ended June 30, 2024 | Year ended December 31, 2023 | |
Fidelity Advisor Mid Cap II Fund | ||
Distributions to shareholders | ||
Class A | $16,422,205 | $17,817,596 |
Class M | 6,762,650 | 6,875,696 |
Class C | 1,102,229 | 1,149,830 |
Class I | 7,154,725 | 8,531,302 |
Class Z | 1,643,462 | 2,054,843 |
Total | $33,085,271 | $36,429,267 |
Shares | Shares | Dollars | Dollars | |
Six months ended June 30, 2024 | Year ended December 31, 2023 | Six months ended June 30, 2024 | Year ended December 31, 2023 | |
Fidelity Advisor Mid Cap II Fund | ||||
Class A | ||||
Shares sold | 1,244,826 | 2,185,721 | $27,703,447 | $43,554,512 |
Reinvestment of distributions | 743,440 | 839,770 | 16,140,072 | 17,508,191 |
Shares redeemed | (2,282,558) | (4,393,704) | (50,515,884) | (87,258,816) |
Net increase (decrease) | (294,292) | (1,368,213) | $(6,672,365) | $(26,196,113) |
Class M | ||||
Shares sold | 597,659 | 1,195,294 | $12,700,073 | $22,862,679 |
Reinvestment of distributions | 321,387 | 339,748 | 6,691,277 | 6,801,096 |
Shares redeemed | (1,222,534) | (2,685,219) | (26,002,410) | (51,432,309) |
Net increase (decrease) | (303,488) | (1,150,177) | $(6,611,060) | $(21,768,534) |
Class C | ||||
Shares sold | 143,876 | 257,566 | $2,575,136 | $4,189,883 |
Reinvestment of distributions | 62,691 | 67,629 | 1,097,714 | 1,145,412 |
Shares redeemed | (392,821) | (901,908) | (7,014,372) | (14,639,971) |
Net increase (decrease) | (186,254) | (576,713) | $(3,341,522) | $(9,304,676) |
Class I | ||||
Shares sold | 3,206,442 | 2,520,823 | $75,361,208 | $52,033,530 |
Reinvestment of distributions | 305,964 | 380,315 | 6,969,860 | 8,308,885 |
Shares redeemed | (3,981,373) | (4,121,434) | (93,066,691) | (86,018,710) |
Net increase (decrease) | (468,967) | (1,220,296) | $(10,735,623) | $(25,676,295) |
Class Z | ||||
Shares sold | 374,198 | 4,402,323 | $8,702,265 | $90,252,580 |
Reinvestment of distributions | 66,063 | 85,738 | 1,503,599 | 1,871,329 |
Shares redeemed | (320,517) | (4,116,180) | (7,376,928) | (84,585,256) |
Net increase (decrease) | 119,744 | 371,881 | $2,828,936 | $7,538,653 |
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Item 8.
Changes in and Disagreements with Accountants for Open-End Management Investment Companies
See Item 7.
Item 9.
Proxy Disclosures for Open-End Management Investment Companies
See Item 7.
Item 10.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
See Item 7.
Item 11.
Statement Regarding Basis for Approval of Investment Advisory Contract
See Item 7.
Item 12.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 13.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 14.
Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 15.
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 I’s Board of Trustees.
Item 16.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Advisor Series I’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 17.
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
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 I
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | August 22, 2024 |
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 (Principal Executive Officer) | |
Date: | August 22, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | August 22, 2024 |