Fidelity Advisor Telecommunications Fund Class M is a sector-specific mutual fund focused on achieving capital appreciation by investing primarily in the telecommunications industry. The fund allocates at least 80% of its assets to companies engaged in the development, production, or distribution of telecommunications services, making it a concentrated vehicle for exposure to this dynamic segment of the market. Its investment approach centers on common stocks of both domestic and international firms that play a critical role in areas such as wireless and wireline communications, network infrastructure, and related technologies. The fund typically holds a mix of large-cap, mid-cap, and small-cap companies, reflecting the broad range of innovators and established players in the sector. As of its latest reporting, the fund’s assets are managed with an emphasis on capturing growth opportunities associated with ongoing advances in telecommunications and the increasing global demand for connectivity. With a track record dating back to 2006 for the Class M shares, the fund serves investors seeking focused exposure to communications and technology trends that continue to shape global business and consumer behavior.