Fidelity Advisor^® Large Cap Stock Fund: Investment Approach

• Fidelity Advisor^® Large Cap Stock Fund is a diversified domestic equity strategy with a large-cap core orientation.
• Our investment approach is to choose companies that we believe have attractive earnings and dividend yield potential in the next two to three years, and where our view is different from market consensus.
• We believe securities can become mispriced relative to their true long-term value when investors become increasingly focused on the short term, and our process seeks to exploit these discrepancies to drive performance.
• We strive to uncover these companies through in-depth bottom-up, fundamental analysis, working in concert with Fidelity's global research team.