Fidelity Advisor International Discovery Fund - Class Z (FZAIX)

Fidelity Advisor International Discovery Fund Class Z is an institutional share class of an actively managed international equity mutual fund. The fund’s primary objective is to achieve long-term capital growth by investing predominantly in non-U.S. common stocks, allocating its assets across a broad range of countries and regions, including both developed and selected emerging markets. It employs a quality-first investment strategy, relying on fundamental analysis to evaluate company financials, industry positioning, and prevailing market conditions. This approach is designed to identify large- and mid-cap growth opportunities outside the United States. Key portfolio holdings often include leading companies in sectors such as financial services, technology, and industrials, reflecting its focus on international large growth equities. The fund serves as a diversification tool within global portfolios, offering exposure to international market trends and corporate growth trajectories while being managed by an experienced team with a consistent investment philosophy.