Correspondence 0000722574-24-000286 from FIDELITY ADVISOR SERIES I (CIK 0000722574)
FIDELITY ADVISOR SERIES I (CIK 0000722574)
Date: Oct. 18, 2024 · CIK: 0000722574 · Accession: 0000722574-24-000286
AI Filing Summary & Sentiment
File numbers found in text: 811-03785
Letter
VIA EDGAR RE: Fidelity Advisor Series I (the trust): File Nos. 002-84776 and 811-03785 Fidelity Advisor Floating Rate High Income Fund, Fidelity Advisor Capital & Income Fund, Fidelity Advisor Value Fund (the fund(s)) Post-Effective Amendment No. 267
Dear Ladies and Gentlemen:
On behalf of Fidelity Advisor Series I (the “Registrant”), Post-Effective Amendment No. 267 (the “Amendment”) to the Registrant’s registration statement on Form N-1A under the Securities Act of 1933 Act, as amended (the “Securities Act”), was electronically transmitted for filing pursuant to Rule 485(a) on October 16, 2024 (Accession No. 0000722574-24-000278). The Amendment has been filed solely for the purpose of implementing certain disclosure changes in connection with recent amendments to Rule 35d-1 under the Investment Company Act of 1940, as amended (the “Investment Company Act”) (the “Names Rule”).
We hereby request, in reliance upon Securities Act Release No. 6510 and Investment Company Act Release No. 13768 (February 15, 1984), that the Amendment receive selective review from the SEC and its Staff of the changes contained herein. The Amendment reflects the implementation of changes in connection with amendments to the Names Rule, and, aside from the sections highlighted below, each fund’s prospectus(es) and SAI(s) are “not substantially different” from the disclosures that were previously filed in Post-Effective Amendment No. 262 (Accession No. 0000722574-23-000430) to the Trust’s registration statement on N-1A. The sections of the Amendment that include substantive differences from the prior disclosure include: (i) the Principal Investment Strategies sections of the Fund Summary section in the prospectus; and (ii) the Principal Investment Strategies and Description of Principal Security Types sections in the Investment Details section of the prospectus. We note that the Fee Table in the Fund Summary section and the Advisory Fee(s) section of the prospectus and Management Contract(s) section of the Statement of Additional Information reflect certain changes to each fund’s management contract that were effective March 1, 2024. For Fidelity Advisor Floating Rate High Income Fund and Fidelity Advisor Capital & Income Fund, these changes are similar to disclosure that was included in Post-Effective Amendment No. 201 to the registration statement on Form N-1A of Fidelity Puritan Trust filed on August 1, 2024 under Rule 485(a), which registered Class A, Class C, Class M, Class I and Class Z shares of Fidelity Balanced Fund and which was previously reviewed by the Staff. For Fidelity Advisor Value Fund, these changes are similar to disclosure that was included in Post-Effective Amendment No. 158 to the registration statement on Form N-1A of Fidelity Securities Fund filed on August 1, 2024 under Rule 485(a), which registered Class A, Class C, Class M, Class I and Class Z shares of Fidelity Blue Chip Growth Fund and which was previously reviewed by the Staff. The Amendment is not being filed for the purpose of implementing these changes.
Please contact Renée Fuller at (603) 721-4221 with any questions or comments regarding this Amendment.
Sincerely,
/s/Renée Fuller
Show Raw Text
CORRESP 1 filename1.htm Converted by EDGARwiz 245 Summer Street Boston, MA 02210 Fidelity® Investments October 18, 2024 VIA EDGAR U.S. Securities & Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 RE: Fidelity Advisor Series I (the trust): File Nos. 002-84776 and 811-03785 Fidelity Advisor Floating Rate High Income Fund, Fidelity Advisor Capital & Income Fund, Fidelity Advisor Value Fund (the fund(s)) Post-Effective Amendment No. 267 Dear Ladies and Gentlemen: On behalf of Fidelity Advisor Series I (the “Registrant”), Post-Effective Amendment No. 267 (the “Amendment”) to the Registrant’s registration statement on Form N-1A under the Securities Act of 1933 Act, as amended (the “Securities Act”), was electronically transmitted for filing pursuant to Rule 485(a) on October 16, 2024 (Accession No. 0000722574-24-000278). The Amendment has been filed solely for the purpose of implementing certain disclosure changes in connection with recent amendments to Rule 35d-1 under the Investment Company Act of 1940, as amended (the “Investment Company Act”) (the “Names Rule”). We hereby request, in reliance upon Securities Act Release No. 6510 and Investment Company Act Release No. 13768 (February 15, 1984), that the Amendment receive selective review from the SEC and its Staff of the changes contained herein. The Amendment reflects the implementation of changes in connection with amendments to the Names Rule, and, aside from the sections highlighted below, each fund’s prospectus(es) and SAI(s) are “not substantially different” from the disclosures that were previously filed in Post-Effective Amendment No. 262 (Accession No. 0000722574-23-000430) to the Trust’s registration statement on N-1A. The sections of the Amendment that include substantive differences from the prior disclosure include: (i) the Principal Investment Strategies sections of the Fund Summary section in the prospectus; and (ii) the Principal Investment Strategies and Description of Principal Security Types sections in the Investment Details section of the prospectus. We note that the Fee Table in the Fund Summary section and the Advisory Fee(s) section of the prospectus and Management Contract(s) section of the Statement of Additional Information reflect certain changes to each fund’s management contract that were effective March 1, 2024. For Fidelity Advisor Floating Rate High Income Fund and Fidelity Advisor Capital & Income Fund, these changes are similar to disclosure that was included in Post-Effective Amendment No. 201 to the registration statement on Form N-1A of Fidelity Puritan Trust filed on August 1, 2024 under Rule 485(a), which registered Class A, Class C, Class M, Class I and Class Z shares of Fidelity Balanced Fund and which was previously reviewed by the Staff. For Fidelity Advisor Value Fund, these changes are similar to disclosure that was included in Post-Effective Amendment No. 158 to the registration statement on Form N-1A of Fidelity Securities Fund filed on August 1, 2024 under Rule 485(a), which registered Class A, Class C, Class M, Class I and Class Z shares of Fidelity Blue Chip Growth Fund and which was previously reviewed by the Staff. The Amendment is not being filed for the purpose of implementing these changes. Please contact Renée Fuller at (603) 721-4221 with any questions or comments regarding this Amendment. Sincerely, /s/Renée Fuller Renée Fuller Shareholder Reporting