# EDGAR Filing Document

**Accession Number:** 0000315700
**File Stem:** 0000315700-25-000047
**Filing Date:** 2025-7
**Character Count:** 4051
**Document Hash:** 2029acd5c9dc02f58eee7ff62b21c053
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000315700-25-000047.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0000315700-25-000047

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**EFFECTIVENESS DATE**: 20250722

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ADVISOR SERIES VII
- **CENTRAL INDEX KEY:** 0000315700

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-67004
- **FILM NUMBER:** 251139193

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PLYMOUTH SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19911118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** READY CASH FUND
- **DATE OF NAME CHANGE:** 19880207

## Series and Classes Contracts Data

### Fidelity Advisor Utilities Fund (Series ID: S000005323)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000014529 | Class A      | FUGAX           |
| C000014531 | Class C      | FUGCX           |
| C000014532 | Class M      | FAUFX           |
| C000014533 | Class I      | FUGIX           |
| C000205001 | Class Z      | FIKIX           |

**Supplement to the Fidelity Advisor® Utilities Fund Class A, Class M, Class C, Class I, and Class Z September 28, 2024 Summary Prospectus**

**Proposed Reorganization.** The Board of Trustees of Fidelity Advisor Series VII has unanimously approved an Agreement and Plan of Reorganization ("Agreement") between Fidelity Advisor® Utilities Fund and Utilities Portfolio pursuant to which Fidelity Advisor® Utilities Fund would be reorganized on a tax-free basis with and into Utilities Portfolio.

As a result of the proposed Reorganization, shareholders of Fidelity Advisor® Utilities Fund would receive, respectively, corresponding shares of Utilities Portfolio.

The Agreement provides for the transfer of all of the assets of Fidelity Advisor® Utilities Fund in exchange for corresponding shares of Utilities Portfolio equal in value to the net assets of Fidelity Advisor® Utilities Fund and the assumption by Utilities Portfolio of all of the liabilities of Fidelity Advisor® Utilities Fund. After the exchange, Fidelity Advisor® Utilities Fund will distribute the Utilities Portfolio shares to its shareholders pro rata, in liquidation of Fidelity Advisor® Utilities Fund. As a result, shareholders of Fidelity Advisor® Utilities Fund will become shareholders of Utilities Portfolio (these transactions are collectively referred to as the "Reorganization").

The Reorganization, which does not require shareholder approval, is expected to take place on or about October 17, 2025. The Reorganization is expected to be a tax-free transaction. This means that neither Fidelity Advisor® Utilities Fund nor its shareholders will recognize any gain or loss as a direct result of the Reorganization.

Effective after the close of business on the business day prior to the Reorganization, new positions in the fund may no longer be opened. Existing shareholders may continue to hold their shares and purchase additional shares through the reinvestment of dividend and capital gain distributions until the fund's Reorganization takes place.

*For more detailed information, please contact Fidelity at 1-877-208-0098.*

*Douglas Simmons no longer serves as Portfolio Manager of the fund.*

The following information replaces similar information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Pranay Kirpalani (Portfolio Manager) has managed the fund since 2024.

AFUG-SUSTK-0725-106 1.9880400.106 July 22, 2025