Fidelity Advisor^® Blue Chip Growth Fund: Investment Approach

• Fidelity Advisor^® Blue Chip Growth Fund is a domestic equity growth strategy with a large-cap bias.
• Our investment approach focuses on companies we believe have above-average earnings-growth potential with a sustainable business model, for which the market has mispriced the rate and/or durability of growth.
• In particular, we look for events that might provide a business catalyst – such as product cycles, a change in management and turnaround situations – that could add to a stock's true value. We believe choosing companies with a competitive advantage, pricing power and a strong management team will deliver superior earnings in the long term.
• We look to exploit inappropriate valuations in the market through bottom-up, fundamental analysis, working in concert with Fidelity's global research team.