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Form N-PX · fund registrantSEC filer no. 315700

FIDELITY ADVISOR SERIES VII

fund voting report, part of Fidelity

Vote records reported
3,182year to 30 June 2026
Against management
4.9%155 of 3,169 marked votes
Say-on-pay support
95.8%for, of for + against + abstain
Shareholder-proposal support
19.5%for, of for + against + abstain
92.3% for4.9% against2.8% other4.9% against management3,175 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

FIDELITY ADVISOR SERIES VII reported 3,182 vote records for the year to 30 June 2026. It marked 4.9% of its votes as cast against management (155 of 3,169), 1.3 percentage points below the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 7.3%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 95.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 19.5% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in COMPENSATION (13.9% of 165), CAPITAL STRUCTURE (11.7% of 120) and CORPORATE GOVERNANCE (8.6% of 198).

It reported 59.3 million shares out on loan at record dates, 3.76% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share4.9%6.2%10.6%
Say-on-pay support rate95.8%91.6%86.0%
Shareholder-proposal support rate19.5%27.5%33.9%
Shares on loan, share of shares held3.76%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS2,0261,946294.2%
SECTION 14A SAY-ON-PAY VOTES299251114.0%
AUDIT-RELATED33233200.0%
SHAREHOLDER RIGHTS AND DEFENSES1312123.1%
EXTRAORDINARY TRANSACTIONS129325.0%
CAPITAL STRUCTURE1201061411.7%
COMPENSATION1671432413.9%
CORPORATE GOVERNANCE201154468.6%
ENVIRONMENT OR CLIMATE183150.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE10280.0%
DIVERSITY, EQUITY, AND INCLUSION132110.0%
OTHER SOCIAL ISSUES305253.3%
OTHER7700.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20246,2893.8%95.7%15.9%
year to 30 June 20256,1533.9%95.5%17.8%
year to 30 June 20263,1824.9%95.8%19.5%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, FIDELITY ADVISOR SERIES VII voted against management on 6 of the 216 it marked either way (2.8%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 78 proposals from security holders that could be told apart in the filings and on which it cast a vote, FIDELITY ADVISOR SERIES VII voted for 12 (15.4%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
Tesla, Inc.6 Nov 2025A shareholder proposal to amend Article X of the bylaws.
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
United Rentals, Inc.8 May 2026Advisory approval of executive compensation
ON Semiconductor Corporation14 May 2026To vote on a stockholder proposal regarding simple majority voting
Zscaler, Inc.12 Jan 2026To vote on a non-binding stockholder proposal requesting the declassification of our board of directors.
Knight-Swift Transportation Holdings Inc.12 May 2026Vote on a stockholder proposal regarding support for transparency in political spending.
Eagle Materials Inc.4 Aug 2025Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors.

Shares on loan

FIDELITY ADVISOR SERIES VII reported 59.3 million shares on loan at record dates against 1.52 billion shares voted: 3.76% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

10 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Fidelity Advisor Financials Fund8572.8%98.0%4.8%
Fidelity Advisor Health Care Fund7666.1%97.3%0.0%
Fidelity Advisor Industrials Fund5660.7%100.0%20.0%
Fidelity Advisor Biotechnology Fund5008.0%89.8%0.0%
Fidelity Advisor Semiconductors Fund2383.4%100.0%20.0%
Fidelity Advisor Technology Fund12712.6%85.7%12.5%
Fidelity Advisor Consumer Discretionary Fund9017.4%83.3%62.5%
Fidelity Advisor Utilities Fund290.0%not reportednot reported
Fidelity Advisor Energy Fund728.6%not reportednot reported
Fidelity Advisor Real Estate Fund20.0%not reportednot reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did FIDELITY ADVISOR SERIES VII vote on executive pay?

In the year to 30 June 2026 FIDELITY ADVISOR SERIES VII reported 262 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 251 were for (95.8%), 11 against and 0 abstentions. Counting one item per company meeting, it voted against management on 6 of the 216 say-on-pay items it marked either way.

How often does FIDELITY ADVISOR SERIES VII vote against management?

4.9% of the time in the year to 30 June 2026: 155 of the 3,169 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did FIDELITY ADVISOR SERIES VII support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 15 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 19.5% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by FIDELITY ADVISOR SERIES VII (filer no. 315700), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.