Fidelity Advisor Capital Development Fund - Class I (FDEIX)

Fidelity Advisor Capital Development Fund – Institutional Class is a diversified mutual fund within the U.S. equity large-cap core category. The fund’s primary objective is to achieve capital appreciation by investing predominantly in large-cap companies across various sectors of the domestic market. Its investment approach focuses on identifying firms with attractive earnings and yield potential over a two- to three-year horizon, particularly where internal research leads to views that differ from prevailing market consensus. Portfolio construction is shaped by in-depth, bottom-up fundamental analysis, leveraging the expertise of Fidelity’s global research team to uncover mispriced securities that may offer long-term value. The fund typically holds a blend of growth and value stocks, with sector allocations that may deviate from benchmark indices to capitalize on specific opportunities. Significant exposure to sectors such as industrials, health care, financials, and energy has historically played a vital role in its relative performance. Fidelity Advisor Capital Development Fund – Institutional Class is designed for institutional investors seeking robust equity market participation through an actively managed, research-driven strategy, and it plays a dynamic role in long-term portfolio growth and diversification.