Fidelity Advisor International Discovery Fund - Class I (FIADX)

Fidelity Advisor International Discovery Fund Class I is an institutional mutual fund focused on long-term capital growth by investing primarily in non-U.S. securities. The fund targets common stocks of companies across both developed and emerging international markets, employing a quality-first and growth-oriented approach. It utilizes comprehensive fundamental analysis, considering each issuer’s financial condition, industry position, and prevailing market and economic environments to guide security selection. Managed by an experienced team, the fund's portfolio spans multiple sectors—including industrials, technology, and financial services—and aims for diversification across countries and regions. As a member of the Foreign Large Growth category, it is designed to provide investors access to large-cap equities outside the United States, making it a significant option for institutions seeking international equity exposure as part of a diversified asset allocation strategy. The fund tracks its performance against the MSCI EAFE Index and is distinguished by a disciplined investment process and a history of seeking capital appreciation through global opportunities.