# EDGAR Filing Document

**Accession Number:** 0000729218
**File Stem:** 0000729218-25-000116
**Filing Date:** 2025-12
**Character Count:** 19243
**Document Hash:** 5727a70539c82612c3cc82d151fd06da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000729218-25-000116.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000729218-25-000116

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**EFFECTIVENESS DATE**: 20251229

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ADVISOR SERIES VIII
- **CENTRAL INDEX KEY:** 0000729218

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-86711
- **FILM NUMBER:** 251606695

**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 SPECIAL SITUATIONS FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Fidelity Advisor Global Capital Appreciation Fund (Series ID: S000005440)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000014816 | Class A      | FGEAX           |
| C000014818 | Class C      | FEUCX           |
| C000014819 | Class M      | FGETX           |
| C000014820 | Class I      | FEUIX           |

**Fidelity Advisor® Global Capital Appreciation Fund**

**<u>Class</u>**<u>/Ticker</u>

**A**/FGEAX **M**/FGETX **C**/FEUCX **I**/FEUIX

**Summary Prospectus**

**December 30, 2025**

Before you invest, you may want to review the fund's prospectus, which contains more information about the fund and its risks. You can find the fund's prospectus, reports to shareholders, and other information about the fund (including the fund's SAI) online at fundresearch.fidelity.com/prospectus/sec. You can also get this information at no cost by calling 1-866-997-1254 or by sending an e-mail request to funddocuments@fmr.com. The fund's prospectus and SAI dated December 30, 2025 are incorporated herein by reference.

![](img118824_1.jpg)

245 Summer Street, Boston, MA 02210

**Fund Summary**

Fund**/Class:**

Fidelity Advisor® Global Capital Appreciation Fund**/A, M, C, I** 

**Investment Objective**

Fidelity Advisor® Global Capital Appreciation Fund seeks long-term growth of capital.

**Fee Table**

The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.**

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity® funds. More information about these and other discounts is available from your investment professional and in the "Fund Distribution" section beginning on page 31 of the prospectus and in the sales charge waiver appendix to the prospectus.

**Shareholder fees**

**(fees paid directly from your investment)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Class A** | **Class M** | **Class C** | **Class I** |
| Maximum sales charge (load) on purchases (as a % of offering price) | 5.75%  | 3.50%  |  |  |
| Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption <br> proceeds) | None A<br>| None A<br>| 1.00% B<br>|  |

---

AClass A and Class M purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class M purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% and 0.25%, respectively.

BOn Class C shares redeemed less than one year after purchase.

**Annual Operating Expenses**

**(expenses that you pay each year as a % of the value of your investment)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Class A** | **Class M** | **Class C** | **Class I** |
| Management fee (fluctuates based on the fund's performance relative to a securities market index) | 1.00% A | 1.00% A | 1.01% A | 0.94% A |
| Distribution and/or Service (12b-1) fees | 0.25%  | 0.50%  | 1.00%  |  |
| Other expenses | 0.12%  | 0.12%  | 0.12%  | 0.12%  |
| **Total annual operating expenses** | 1.37%  | 1.62%  | 2.13%  | 1.06%  |
| Fee waiver and/or expense reimbursement | 0.07% B | 0.07% B | 0.08% B | 0.01% B |
| **Total annual operating expenses after fee waiver and/or expense reimbursement** | 1.30%  | 1.55%  | 2.05%  | 1.05%  |

---

AThe management fee comprises a basic fee, which may vary by class, that is adjusted up or down by a maximum of 0.20% based on the performance of the fund or a designated class of the fund relative to that of the MSCI ACWI (All Country World Index) Index. Please see "Fund Services - Fund Management - Advisory Fee(s)" for additional information.

BFidelity Management & Research Company LLC (FMR) has contractually agreed to reimburse Class A, Class M, Class C, and Class I of the fund to the extent that total operating expenses (excluding interest, certain taxes, fees and expenses of the Independent Trustees, proxy and shareholder meeting expenses, extraordinary expenses, and acquired fund fees and expenses (including fees and expenses associated with a wholly owned subsidiary), if any, as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable), as a percentage of their respective average net assets, exceed 1.30%, 1.55%, 2.05%, and 1.05% (the Expense Caps). If at any time during the current fiscal year expenses for Class A, Class M, Class C, or Class I of the fund fall below the Expense Caps, FMR reserves the right to recoup through the end of the fiscal year any expenses that were reimbursed during the current fiscal year up to, but not in excess of, the Expense Caps. These arrangements will remain in effect through February 28, 2027. FMR may not terminate these arrangements before the expiration date without the approval of the Board of Trustees and may extend them in its discretion after that date.

This **example** helps compare the cost of investing in the fund with the cost of investing in other funds.

Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class A** | **Class M** | **Class M** | **Class C** | **Class C** | **Class I** | **Class I** |
|  | Sell All<br> Shares | Hold<br> Shares | Sell All<br> Shares | Hold<br> Shares | Sell All<br> Shares | Hold<br> Shares | Sell All<br> Shares | Hold<br> Shares |
| 1 year | $700 | $700 | $502 | $502 | $308 | $208 | $107 | $107 |
| 3 years | $975 | $975 | $834 | $834 | $657 | $657 | $336 | $336 |
| 5 years | $1273 | $1273 | $1192 | $1192 | $1134 | $1134 | $583 | $583 |
| 10 years | $2119 | $2119 | $2197 | $2197 | $2260 | $2260 | $1293 | $1293 |

---

**Portfolio Turnover**

The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 71% of the average value of its portfolio.

**Principal Investment Strategies**

* Investing in securities issued throughout the world. The Adviser considers a number of factors to determine whether an issuer is located in or tied economically to a particular country or region including: whether a third-party vendor has assigned a particular country or region classification to the issuer or included the issuer in an index representative of a particular country or region; the issuer's domicile, incorporation, and location of assets; whether the issuer derives at least 50% of its revenues from, or has at least 50% of its assets in, a particular country or region; the source of government guarantees (if any); and the primary trading market or listing exchange. Whether an issuer is located in or tied economically to a particular country can be determined under any of these factors.

* Normally investing at least 80% of assets in equity securities.

Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics.

Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives.

* Normally investing primarily in common stocks.

* Allocating investments across different countries and regions.

* Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

**Principal Investment Risks**

* *Stock Market Volatility.*

Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.

* *Foreign Exposure.*

Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

* *Issuer-Specific Changes.*

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

*An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency*. *You could lose money by investing in the fund.*

**Performance**

The following information is intended to help you understand the risks of investing in the fund.

The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit institutional.fidelity.com for more recent performance information.

**Year-by-Year Returns** 

The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| 1.99%<br>| 3.79%<br>| 30.25%<br>| *-*18.14%<br>| 22.80%<br>| 24.36%<br>| 19.04%<br>| *-*24.70%<br>| 28.46%<br>| 28.49%<br>|

---

![](img118824_4.jpg)

---

| | | |
|:---|:---|:---|
| *During the periods shown in the chart for Class A:* | *Returns* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Quarter ended* |
| *Highest Quarter Return* | *27.08%* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*June 30, 2020* |
| *Lowest Quarter Return* | *-19.85%* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*June 30, 2022* |
| *Year-to-Date Return* | *14.52%* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*September 30, 2025* |

---

**Average Annual Returns**

Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.

---

| | | | |
|:---|:---|:---|:---|
| <br> For the periods ended December 31, 2024 | &nbsp;&nbsp;Past 1<br> year | &nbsp;&nbsp;Past 5<br> years | Past 10<br> years |
| **Class A - Return Before Taxes**  | &nbsp;&nbsp;21.10%  | &nbsp;&nbsp;11.64%  | &nbsp;&nbsp;9.17%  |
| **Return After Taxes on Distributions** | &nbsp;&nbsp;19.19%  | &nbsp;&nbsp;10.54%  | &nbsp;&nbsp;7.96% <br>|
| **- Return After Taxes on Distributions and Sale of Fund Shares** | &nbsp;&nbsp;13.96%  | &nbsp;&nbsp;9.16%  | &nbsp;&nbsp;7.16%  |
| **Class M - Return Before Taxes**  | &nbsp;&nbsp;23.74%  | &nbsp;&nbsp;11.89%  | &nbsp;&nbsp;9.14%  |
| **Class C - Return Before Taxes**  | &nbsp;&nbsp;26.55%  | &nbsp;&nbsp;12.12%  | &nbsp;&nbsp;9.16%  |
| **Class I - Return Before Taxes**  | &nbsp;&nbsp;28.90%  | &nbsp;&nbsp;13.34%  | &nbsp;&nbsp;10.15%  |
| MSCI ACWI (All Country World Index) Index<br> **(reflects no deduction for fees or expenses)** | &nbsp;&nbsp; <br> 17.87%  | &nbsp;&nbsp; <br> 10.44%  | &nbsp;&nbsp; <br> 9.64%  |

---

**Investment Adviser**

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

**Portfolio Manager(s)**

William Bower (Portfolio Manager) has managed the fund since 2019.

**Purchase and Sale of Shares**

You may buy or sell shares through a retirement account or through an investment professional.

You may buy or sell shares in various ways:

**Internet**

**institutional.fidelity.com**

**Phone**

**To reach a Fidelity representative 1-877-208-0098**

**Mail**

---

| | |
|:---|:---|
| <br>**Fidelity Investments**<br> **P.O. Box 770002**<br> **Cincinnati, OH 45277-0081** | <br> *Overnight Express:*<br> **Fidelity Investments**<br> **100 Crosby Parkway**<br> **Covington, KY 41015** |

---

Class I eligibility requirements are listed in the "Additional Information about the Purchase and Sale of Shares" section of the prospectus.

The price to buy one share of Class A or Class M is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver.

The price to buy one share of Class C or Class I is its NAV.

Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.

The price to sell one share of Class A, Class M, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC).

The price to sell one share of Class I is its NAV.

Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

**Tax Information**

Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).

**Payments to Broker-Dealers and Other Financial Intermediaries**

The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.

Current regulations allow Fidelity to send a single copy of shareholder documents for Fidelity® funds, such as prospectuses, annual and semi-annual reports, and proxy materials, to certain mutual fund customers whom we believe are members of the same family who share the same address. For certain types of accounts, we will not send multiple copies of these documents to you and members of your family who share the same address. Instead, we will send only a single copy of these documents. This will continue for as long as you are a shareholder, unless you notify us otherwise. If at any time you choose to receive individual copies of any documents, please call 1-877-208-0098. We will begin sending individual copies to you within 30 days of receiving your call.

Fidelity Distributors Company LLC (FDC) is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at 202-371-8300.

Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved.

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