Fidelity Value Discovery Fund Class K

The primary objective of this fund is to achieve capital appreciation over time. It predominantly allocates its assets to common stocks. The fund's strategy involves identifying companies that Fidelity Management & Research Company (FMR) considers to be trading below their intrinsic value. This assessment is based on a comprehensive evaluation of various financial metrics, including their assets, revenue, profitability, future growth prospects, and cash flow generation. Additionally, FMR may compare a company's valuation to that of its industry peers. Its portfolio may encompass both domestic and international issuers. Investment selection relies heavily on fundamental analysis. This meticulous process involves scrutinizing an issuer's financial health and competitive standing within its sector. Broader market trends and prevailing economic conditions are also integral considerations in the decision-making process.