Fidelity Equity Income Fund

This fund primarily directs at least 80% of its assets into common stocks. Its core investment approach centers on acquiring income-generating equity securities, a strategy that frequently results in holdings of large-capitalization "value" companies. Investments are not confined to a single market, as opportunities are sought from both domestic and foreign issuers. Furthermore, the fund retains the option to invest in other categories of equities and various debt instruments, which may include lower-quality fixed-income securities.