Fidelity Stock Selector Small Cap Fund

The primary objective of this fund is to achieve substantial capital growth for its investors. Its portfolio predominantly consists of common equity shares. A significant portion, specifically a minimum of 80% of its total assets, is directed towards companies categorized as small-capitalization. For this particular fund, small-cap entities are defined as those possessing market capitalizations comparable to the constituents of either the Russell 2000® Index or the S&P SmallCap 600® Index. To further its goal, the advisor strategically allocates these holdings across a diverse range of market sectors, which currently encompass communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities. This broad allocation is managed by multiple Fidelity investment professionals.