Fidelity Advisor Series VII

08/27/2026 | Press release | Distributed by Public on 08/27/2026 07:31

Prospectus by Investment Company (Form 497)

Supplement to the
Fidelity Advisor Focus Funds®
Class A, Class M, Class C, Class I, and Class Z
September 29, 2025
Prospectus
The following information replaces similar information for Fidelity Advisor® Semiconductors Fund found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.
Aidan Brandt (Co-Portfolio Manager) has managed the fund since 2026.
Sonu Kalra (Co-Portfolio Manager) has managed the fund since 2026.
The following information replaces the biographical for Fidelity Advisor® Semiconductors Fund information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.
Aidan Brandt is Co-Portfolio Manager of Fidelity Advisor® Semiconductors Fund, which he has managed since 2026. He also manages other funds. Since joining Fidelity Investments in 2019, Mr. Brandt has worked as a research analyst and portfolio manager.
Sonu Kalra is Co-Portfolio Manager of Fidelity Advisor® Semiconductors Fund, which he has managed since 2026. He also manages other funds. Since joining Fidelity Investments in 1998, Mr. Kalra has worked as a research analyst and portfolio manager.
AFOC-PSTK-0826-232
1.480125.232
August 27, 2026
Fidelity Advisor Series VII published this content on August 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 27, 2026 at 13:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]