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Fidelity Advisor Growth Opportunities Fund 2021 REFINITIV ...

Not FDIC Insured May Lose Value No Bank GuaranteeFACT SHEET DECEMBER 31, 2021 Fidelity INSTITUTIONAL Fidelity Advisor Growth Opportunities FundCLASS A: FAGAX CLASS C: FACGX CLASS M: FAGOX CLASS I: FAGCX CLASS Z: FZAHXOBJECTIVE: Capital growthSTRATEGY: Investing in companies that FMR believes have above-average Growth potential (stocks of these companies are often called Growth stocks). Normally investing primarily in common YEAR RETURNS (%)2012201320142015201620172018201920202 021 Class RETURNS, EXPENSE RATIOS, AND SALES CHARGES (%)CumulativeAverage AnnualExpense RatiosMax.

DEFINITIONS AND IMPORTANT INFORMATION Alpha is a risk-adjusted, annualized performance measure relative to a fund’s benchmark. A positive (negative) alpha indicates stronger (poorer) fund performance than predicated by the fund’s level of risk measured by beta.Beta is a measure of the volatility of a fund relative to its benchmark index.

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