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09.30 Destiny Portfolios: Fidelity Advisor Capital Development Fund-O PRO-02 | Fidelity Advisor® Capital Development Fund

Fund Summary

Fund/Class:
Fidelity Advisor® Capital Development Fund/O

Investment Objective

The fund seeks capital growth.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund, but does not reflect the Destiny® Plan Creation and Sales Charges and Custodian Fees.

Shareholder fees

Shareholder Fees {- Fidelity Advisor® Capital Development Fund}
09.30 Destiny Portfolios: Fidelity Advisor Capital Development Fund-O PRO-02
Fidelity Advisor® Capital Development Fund
USD ($)
(fees paid directly from your investment) none

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Annual Operating Expenses {- Fidelity Advisor® Capital Development Fund}
09.30 Destiny Portfolios: Fidelity Advisor Capital Development Fund-O PRO-02
Fidelity Advisor® Capital Development Fund
Fidelity Advisor Capital Development Fund-Class O
Management fee 0.55%
Distribution and/or Service (12b-1) fees none
Other expenses 0.04%
Total annual operating expenses 0.59%

This example helps compare the cost of investing in the fund with the cost of investing in other funds.

Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:

Sell All Shares

Expense Example {- Fidelity Advisor® Capital Development Fund}
09.30 Destiny Portfolios: Fidelity Advisor Capital Development Fund-O PRO-02
Fidelity Advisor® Capital Development Fund
Fidelity Advisor Capital Development Fund-Class O
USD ($)
1 year $ 60
3 years 189
5 years 329
10 years $ 738
Portfolio Turnover

The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 31% of the average value of its portfolio.

Principal Investment Strategies
  • Normally investing primarily in common stocks.
  • Investing in domestic and foreign issuers.
  • Investing in either "growth" stocks or "value" stocks or both.
  • Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Principal Investment Risks
  • Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.
  • Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.
  • Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.

Performance

The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. The information also illustrates the performance of the Destiny® Plan. Returns for the fund do not include the effect of the Destiny® Plan Creation and Sales Charges and Custodian Fees. Returns for the fund would be lower if the effect of the Destiny® Plan Creation and Sales Charges and Custodian Fees were included. The returns for the Destiny® Plan do include the effect of the Destiny® Plan Creation and Sales Charges and Custodian Fees. Past performance (before and after taxes) is not an indication of future performance.

Visit institutional.fidelity.com for more recent performance information.

Year-by-Year Returns

Calendar Years

Bar Chart
During the periods shown in the chart:ReturnsQuarter ended
Highest Quarter Return18.76%September 30, 2009
Lowest Quarter Return-25.83%December 31, 2008
Year-to-Date Return11.56%September 30, 2017
Average Annual Returns - Fund

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).

For the periods ended December 31, 2016

Average Annual Total Returns{- Fidelity Advisor® Capital Development Fund} - 09.30 Destiny Portfolios: Fidelity Advisor Capital Development Fund-O PRO-02 - Fidelity Advisor® Capital Development Fund
Past 1 year
Past 5 years
Past 10 years
Fidelity Advisor Capital Development Fund-Class O | Return Before Taxes 16.51% 13.97% 6.46%
Fidelity Advisor Capital Development Fund-Class O | After Taxes on Distributions 15.73% 12.60% 5.43%
Fidelity Advisor Capital Development Fund-Class O | After Taxes on Distributions and Sales 10.00% 11.09% 5.05%
S&P 500® Index(reflects no deduction for fees, expenses, or taxes) 11.96% 14.66% 6.95%
09.30 Destiny Portfolios: Fidelity Advisor Capital Development Fund-O PRO-02 | Fidelity Advisor® Capital Development Fund | Fidelity Advisor Capital Development Fund-Class O Plan
Average Annual Returns - Plan

The returns in the following table include the effect of the Destiny® Plan Creation and Sales Charges and Custodian Fees for a $50/month, 15 year Destiny® Plan. The returns assume an initial $600 lump sum investment at the beginning of each period shown, with no subsequent Destiny® Plan investments in that year. Because the returns assume yearly lump sum investments, they do not reflect what investors would have earned if they had made only regular monthly investments over the period.

For the periods ended December 31, 2016

Average Annual Total Returns{- Fidelity Advisor® Capital Development Fund}
Past 1 year
Past 5 years
Past 10 years
Past 15 years
09.30 Destiny Portfolios: Fidelity Advisor Capital Development Fund-O PRO-02 | Fidelity Advisor® Capital Development Fund | Fidelity Advisor Capital Development Fund-Class O Plan (44.31%) 9.86% 5.07% 5.36%