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2014-03-31 2014-04-01 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 and if you hold your shares: Performance Fund Summary Fund/Class: Fidelity® Equity-Income Fund/K Fund Summary Fund: Fidelity Advisor® Series Stock Selector Large Cap Value Fund Fund Summary Fund/Class: Fidelity® Series All-Sector Equity Fund/F Fund Summary Fund/Class: Fidelity®Series Equity-Income Fund/Fidelity Series Equity-Income Fund Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Fund Summary Fund/Class: Fidelity®Series Equity-Income Fund/F Fund Summary Fund: Fidelity Advisor® Series Equity-Income Fund Investment Objective Investment Objective Investment Objective Investment Objective The fund seeks reasonable income. In pursuing this objective, the fund will also consider the potential for capital appreciation. Fund Summary Fund/Class: Fidelity® Series Stock Selector Large Cap Value Fund/F The fund seeks reasonable income. In pursuing this objective, the fund will also consider the potential for capital appreciation. Fund Summary Fund/Class: Fidelity® Mid Cap Value Fund/Fidelity Advisor® Mid Cap Value Fund A, T, B, C Fee Table The fund seeks capital appreciation. Fund Summary Fund/Class: Fidelity® Stock Selector Large Cap Value Fund/Fidelity Advisor® Stock Selector Large Cap Value Fund Institutional The fund seeks reasonable income. In pursuing this objective, the fund will also consider the potential for capital appreciation. The fund seeks a yield for its shareholders that exceeds the yield on the securities comprising the S&P 500® Index. Investment Objective Fee Table Fee Table The fund seeks long-term growth of capital. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Fee Table Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees (fees paid directly from your investment) 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: The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees (fees paid directly from your investment) Portfolio Turnover 0 Shareholder fees (fees paid directly from your investment) Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Fund Summary Fund/Class: Fidelity® Equity-Income Fund/Fidelity Equity-Income Fund 0 0 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 72% of the average value of its portfolio. Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Principal Investment Strategies Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Shareholder fees (fees paid directly from your investment) 0.0045 0 0.0002 0.0047 0.0045 0 0.002 0.0004 0 0.0069 Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Investment Objective Investment Objective 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: The fund seeks long-term growth of capital. Annual operating expenses (expenses that you pay each year as a % of the value of your investment) The fund seeks reasonable income. In pursuing this objective, the fund will also consider the potential for capital appreciation. The fund seeks a yield for its shareholders that exceeds the yield on the securities comprising the S&P 500® Index. 0.0045 0 0.0007 0.0002 48 0.0054 151 263 Investment Objective 591 Portfolio Turnover 0.0055 0 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 72% of the average value of its portfolio. 0.0002 0.0057 The fund seeks long-term growth of capital. Investment Objective Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. 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: 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: 0.72 <ul><li>Normally investing primarily in common stocks.</li><li>Normally investing at least 80% of the fund's assets in equity securities.</li><li>Investing in domestic and foreign issuers.</li><li>Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>Investing in either "growth" stocks or "value" stocks or both.</li><li>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.</li></ul> Fund Summary Fund/Class: Fidelity® Mid Cap Value Fund/Fidelity Advisor® Mid Cap Value Fund Institutional Investment Objective Fee Table 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: Principal Investment Strategies 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: Shareholder fees (fees paid directly from your investment) Principal Investment Risks Principal Investment Strategies The fund seeks long-term growth of capital. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Portfolio Turnover The fund seeks reasonable income. In pursuing this objective, the fund will also consider the potential for capital appreciation. Fund Summary Fund/Class: Fidelity® Stock Selector Large Cap Value Fund/Fidelity Advisor® Stock Selector Large Cap Value Fund A, T, B, C <ul><li>Normally investing primarily in common stocks.</li><li>Normally investing at least 80% of the fund's assets in equity securities.</li><li>Investing in domestic and foreign issuers.</li><li>Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>Investing in either "growth" stocks or "value" stocks or both.</li><li>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.</li></ul> Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Fee Table 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 42% of the average value of its portfolio. Fee Table Fund Summary Fund/Class: Fidelity®Stock Selector Large Cap Value Fund/Fidelity Stock Selector Large Cap Value Fund 55 58 Shareholder fees (fees paid directly from your investment) 183 173 318 302 <ul><li>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.</li> <li>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.</li> <li>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.</li></ul>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. Investment Objective 0.42 714 677 Investment Objective The fund seeks long-term growth of capital. Fee Table The fund seeks long-term growth of capital. Performance Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page (Click Here) of the prospectus. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees (fees paid directly from your investment) 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: Principal Investment Strategies 0 Portfolio Turnover Shareholder fees (fees paid directly from your investment) Investment Objective Portfolio Turnover Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Fee Table The fund seeks long-term growth of capital. 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 66% of the average value of its portfolio. Annual operating expenses (expenses that you pay each year as a % of the value of your investment) 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 64% of the average value of its portfolio. <ul><li>Normally investing at least 80% of assets in equity securities.</li><li>Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks.</li><li>Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</li><li>Investing in domestic and foreign issuers.</li><li>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.</li><li>Potentially using covered call options as tools in managing the fund's assets.</li></ul> 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 43% of the average value of its portfolio. 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 and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Index Information section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. Principal Investment Strategies The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page 30 of the prospectus. <ul><li>Normally investing at least 80% of assets in equity securities.</li><li>Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks.</li><li>Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</li><li>Investing in domestic and foreign issuers.</li><li>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.</li><li>Potentially using covered call options as tools in managing the fund's assets.</li></ul> Shareholder fees (fees paid directly from your investment) 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: 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 and if you hold your shares: Principal Investment Strategies Annual operating expenses (expenses that you pay each year as a % of the value of your investment) <ul><li>Normally investing at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index).</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Investing in domestic and foreign issuers.</li><li>Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>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.</li></ul> Shareholder fees (fees paid directly from your investment) Principal Investment Strategies <ul><li>Normally investing at least 80% of assets in equity securities.</li><li>Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks.</li><li>Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</li><li>Investing in domestic and foreign issuers.</li><li>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.</li><li>Potentially using covered call options as tools in managing the fund's assets.</li></ul> <ul><li>Normally investing at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index).</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Investing in domestic and foreign issuers.</li><li>Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>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.</li></ul> Portfolio Turnover Year-by-Year Returns Calendar Years 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 64% of the average value of its portfolio. Shareholder fees (fees paid directly from your investment) 0 Principal Investment Strategies Principal Investment Risks <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityMidCapValueFundFMCVFCls column period compact * ~</div> <ul><li>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.</li><li>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.</li><li>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.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. <ul><li> Normally investing at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index).</li><li> Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li> Investing in domestic and foreign issuers.</li><li> Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li> 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.</li></ul> Fee Table Performance Portfolio Turnover 0 Principal Investment Risks 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. <ul><li>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.</li><li>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.</li><li>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.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. Annual operating expenses (expenses that you pay each year as a % of the value of your investment) 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 61% of the average value of its portfolio. Performance Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Annual operating expenses (expenses that you pay each year as a % of the value of your investment) 70 221 0.0045 384 0 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. 859 0.0023 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityMidCapValueFundFMCVFCls column period compact * ~</div> 0.0004 Principal Investment Strategies Year-by-Year Returns 0.0072 <ul><li>Normally investing at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index).</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Investing in domestic and foreign issuers.</li><li>Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>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.</li></ul> Principal Investment Risks <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">19.48% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-23.17% </div></td><td><div align="left">December 31, 2008</div></td></tr></table> Portfolio Turnover 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: <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">18.37% </div></td><td><div align="left">June 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-15.27% </div></td><td><div align="left">September 30, 2011</div></td></tr></table> <ul><li>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.</li> <li>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.</li> <li>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.</li></ul> 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. Year-by-Year Returns Calendar Years 0.0045 0 Average Annual Returns Principal Investment Risks Average Annual Returns 0.0019 0.0043 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. For the periods ended December 31, 2013 0.0002 0 <ul><li>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.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>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.</li><li>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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. 0.0066 0.003 0.0073 Principal Investment Risks 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 42% of the average value of its portfolio. Principal Investment Risks Average Annual Returns <ul><li>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.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>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.</li><li>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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityMidCapValueFundFMCVFClsBarChart column period compact * ~</div> 74 230 401 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. For the periods ended December 31, 2013 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityMidCapValueFundFMCVFCls column period compact * ~</div> 894 Sell All Shares Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. 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. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. 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. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. For the periods ended December 31, 2013 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: 75 Portfolio Turnover 233 406 906 Hold Shares Portfolio Turnover Portfolio Turnover Performance Principal Investment Risks 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 169% of the average value of its portfolio. 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 64% of the average value of its portfolio. Principal Investment Strategies Principal Investment Strategies Principal Investment Risks <ul><li>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.</li><li>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.</li><li>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.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. <ul><li>Normally investing primarily in common stocks.</li><li>Normally investing at least 80% of assets in securities of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap® Index or the S&P MidCap 400® Index).</li><li>Potentially investing in companies with smaller or larger market capitalizations.</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Using the Russell Midcap® Value Index as a guide in structuring the fund and selecting its investments.</li><li>Investing in domestic and foreign issuers.</li><li>Using quantitative analysis to evaluate growth potential, valuation, liquidity, and investment risk, along with fundamental analysis of factors such as each issuer's financial condition, its industry position, and market and economic conditions to select investments.</li></ul> <ul><li>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.</li><li>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.</li><li>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.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. You could lose money by investing in the fund. 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. Performance <ul><li>Normally investing at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index).</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Investing in domestic and foreign issuers.</li><li>Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>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.</li></ul> 67 211 The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. 368 822 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 and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Index Information section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.401k.com and log in for updated return information. Portfolio Turnover Year-by-Year Returns Calendar Year You could lose money by investing in the fund. 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 43% of the average value of its portfolio. 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. Principal Investment Strategies The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Performance 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 and an additional index over various periods of time. Performance The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.401k.com and log in for updated return information. Effective April 1, 2013, the fund began comparing its performance to the Russell 1000® Index rather than the S&P 500® Index because the Russell 1000 Index provides a more appropriate performance comparison for the fund. <ul><li>Normally investing at least 80% of assets in equity securities.</li><li>Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks.</li><li>Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</li><li>Investing in domestic and foreign issuers.</li><li>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.</li><li>Potentially using covered call options as tools in managing the fund's assets.</li></ul> 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. Past performance is not an indication of future performance. Visit www.401k.com and log in for updated return information. Shareholder fees (fees paid directly from your investment) Performance www.401k.com and log in for updated return information Year-by-Year Returns Calendar Years The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. <table border="1" width="95%"><tr><td><div align="left">During the period shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">11.80% </div></td><td><div align="left">March 31, 2013</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">3.25% </div></td><td><div align="left">September 30, 2013</div></td></tr></table> -0.0075 www.401k.com and log in for updated return information Principal Investment Risks Average Annual Returns Performance Past performance (before and after taxes) is not an indication of future performance. Fund Summary Fund/Class: Fidelity® Mid Cap Value Fund/Fidelity Mid Cap Value Fund The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.401k.com and log in for updated return information. <ul><li>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.</li><li>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.</li><li>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.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. Year-by-Year Returns Calendar Year 0.298 0.1531 -0.0454 0.1741 Past performance (before and after taxes) is not an indication of future performance. 0.2785 Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Year-by-Year Returns Calendar Years <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">20.62% </div></td><td><div align="left">June 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-19.12% </div></td><td><div align="left">September 30, 2011</div></td></tr></table> Investment Objective <table border="1" width="95%"><tr><td><div align="left">During the period shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">11.80% </div></td><td><div align="left">March 31, 2013</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">3.30% </div></td><td><div align="left">September 30, 2013</div></td></tr></table> 0.0056 Year-by-Year Returns Calendar Year 0 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. For the periods ended December 31, 2013 0.0029 0.0085 0 0.1697 -0.0257 0.17 0.3387 0.0045 <table border="1" width="95%"><tr><td><div align="left">During the period shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">12.23% </div></td><td><div align="left">March 31, 2013</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">4.02% </div></td><td><div align="left">June 30, 2013</div></td></tr></table> The fund seeks long-term growth of capital. 0 0.002 Principal Investment Risks 0.0065 Fee Table 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: Performance <ul><li>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.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>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.</li><li>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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. Average Annual Returns For the periods ended December 31, 2013 The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Average Annual Returns 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. 66 208 Year-by-Year Returns Calendar Years 362 87 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. For the periods ended December 31, 2013 Average Annual Returns Shareholder fees (fees paid directly from your investment) <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">13.98% </div></td><td><div align="left">March 31, 2012</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-15.24% </div></td><td><div align="left">September 30, 2011</div></td></tr></table> 810 271 471 1049 -0.0075 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. For the periods ended December 31, 2013 0.2895 0.2703 0.1678 0.3269 2012-12-06 2012-12-06 2012-12-06 2012-12-06 <table border="1" width="95%"><tr><td><div align="left">During the period shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">12.28% </div></td><td><div align="left">March 31, 2013</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">4.02% </div></td><td><div align="left">June 30, 2013</div></td></tr></table> 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 44% of the average value of its portfolio. <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">19.40% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-23.15% </div></td><td><div align="left">December 31, 2008</div></td></tr></table> Portfolio Turnover 0.3459 Average Annual Returns 0.1663 -0.0279 Highest Quarter Return 0.1679 2012-03-31 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 169% of the average value of its portfolio. 0 0.336 0.1398 Lowest Quarter Return 2011-09-30 0.44 0.2785 0.3269 -0.1524 0.1649 0.1675 0.0495 0.0673 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. For the periods ended December 31, 2013 0.0055 Principal Investment Strategies 0 Average Annual Returns <ul><li>Normally investing at least 80% of assets in equity securities.</li><li>Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks.</li><li>Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</li><li>Investing in domestic and foreign issuers.</li><li>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.</li><li>Potentially using covered call options as tools in managing the fund's assets.</li></ul> 0.0023 Annual operating expenses (expenses that you pay each year as a % of the value of your investment) 0.0078 1.69 Principal Investment Strategies 0.0056 0 80 <ul><li>Normally investing primarily in common stocks.</li><li>Normally investing at least 80% of assets in securities of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap® Index or the S&P MidCap 400® Index).</li><li>Potentially investing in companies with smaller or larger market capitalizations.</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Using the Russell Midcap® Value Index as a guide in structuring the fund and selecting its investments.</li><li>Investing in domestic and foreign issuers.</li><li>Using quantitative analysis to evaluate growth potential, valuation, liquidity, and investment risk, along with fundamental analysis of factors such as each issuer's financial condition, its industry position, and market and economic conditions to select investments.</li></ul> 0.0024 249 0.008 433 966 Principal Investment Risks 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. <ul><li>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.</li><li>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.</li><li>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. The value of securities of smaller issuers can be more volatile than that of larger issuers.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li><li>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</li><li>Mid Cap Investing. The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</li></ul>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. 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. For the periods ended December 31, 2013 The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Average Annual Returns 0.2885 0.3197 0.1845 0.3253 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. For the periods ended December 31, 2013 0.3224 0.1747 0.2719 0.3011 0 Principal Investment Risks 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: <ul><li>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.</li><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>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.</li><li>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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. 0 Effective April 1, 2013, the fund began comparing its performance to the Russell 1000® Index rather than the S&P 500® Index because the Russell 1000 Index provides a more appropriate performance comparison for the fund. Shareholder fees (fees paid directly from your investment) 0.317 82 255 444 990 0.0045 Portfolio Turnover 0.0043 0 0.0029 0.0072 0.317 0.2909 0.1826 0.3253 0.2996 0.2751 0.1735 0.3224 Performance 0 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 169% of the average value of its portfolio. 0.0002 0.0004 0.0051 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. -0.3971 1.69 0.1559 2008-05-09 2008-05-09 0.0927 0.336 0.2921 0.2082 0.3311 0.3239 0.3268 -0.0032 0.1621 0.1895 0.1685 0.1515 0.1859 0.1794 0.1799 0.3222 2012-12-06 2012-12-06 2012-12-06 2012-12-06 0.1613 0.1416 0.128 0.1702 0.1641 0.1646 2008-10-17 2008-10-17 2008-10-17 2008-10-17 2008-10-17 2008-10-17 52 164 0.3197 285 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. 640 Principal Investment Strategies 74 230 401 894 The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 0.43 Year-by-Year Returns Calendar Years 0.2915 Principal Investment Risks You could lose money by investing in the fund. 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. Performance <ul><li>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.</li><li>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.</li><li>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. The value of securities of smaller issuers can be more volatile than that of larger issuers.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li><li>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</li><li>Mid Cap Investing. The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</li></ul>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. The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. 0.1129 Class F Class F Class F 0.0574 0.1981 0.014 -0.4164 0.2954 0.1513 -0.0468 0.1723 0.2768 <ul><li>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.</li> <li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li> <li>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.</li><li>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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.</li> <li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">20.58% </div></td><td><div align="left">June 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-23.40% </div></td><td><div align="left">December 31, 2008</div></td></tr></table> The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. Past performance (before and after taxes) is not an indication of future performance. 0.2915 0.2714 0.1688 0.3269 www.advisor.fidelity.com 0.2681 0.2493 0.1562 0.3258 2012-12-06 2012-12-06 2012-12-06 2012-12-06 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. Year-by-Year Returns Calendar Year 0.61 You could lose money by investing in the fund. <ul><li>Normally investing primarily in common stocks.</li><li>Normally investing at least 80% of assets in securities of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap® Index or the S&P MidCap 400® Index).</li><li>Potentially investing in companies with smaller or larger market capitalizations.</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Using the Russell Midcap® Value Index as a guide in structuring the fund and selecting its investments.</li><li>Investing in domestic and foreign issuers.</li><li>Using quantitative analysis to evaluate growth potential, valuation, liquidity, and investment risk, along with fundamental analysis of factors such as each issuer's financial condition, its industry position, and market and economic conditions to select investments.</li></ul> Average Annual Returns 0.2877 Year-by-Year Returns <table border="1" width="95%"><tr><td><div align="left">During the period shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">11.75% </div></td><td><div align="left">March 31, 2013</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">3.22% </div></td><td><div align="left">September 30, 2013</div></td></tr></table> 0.2895 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. For the periods ended December 31, 2013 Principal Investment Risks 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. Fund Summary Fund/Class: Fidelity® Series Stock Selector Large Cap Value Fund/Fidelity Series Stock Selector Large Cap Value Fund Year-by-Year Returns Calendar Year 0.3222 0.3171 0.1863 0.3253 You could lose money by investing in the fund. 0.1411 0.1379 0.1138 0.1667 0.0237 0.0194 0.0189 0.0423 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. 2007-02-13 2007-02-13 2007-02-13 2007-02-13 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. 0.66 The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. You could lose money by investing in the fund. www.advisor.fidelity.com Past performance (before and after taxes) is not an indication of future performance. Performance Class F Class F Class F 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. <ul><li>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.</li><li>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.</li><li>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. The value of securities of smaller issuers can be more volatile than that of larger issuers.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li><li>Quantitative Investing. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends.</li><li>Mid Cap Investing. The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.</li></ul>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. Fidelity Series All-Sector Equity Fund Linked Index℠ Return After Taxes on Distributions and Sale of Fund Shares S&P 500® Index Return After Taxes on Distributions Return Before Taxes Institutional Class Institutional Class Institutional Class Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 1000® Value Index 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. 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 returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown. Calendar Years You could lose money by investing in the fund. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 3000® Value Index <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart for Class A: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">25.44% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-24.87% </div></td><td><div align="left">December 31, 2008</div></td></tr></table> Russell 1000® Index 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. Highest Quarter Return 2013-03-31 Investment Objective 0.1175 The fund seeks long-term growth of capital. Lowest Quarter Return 2013-09-30 Fee Table 0.0322 You could lose money by investing in the fund. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Highest Quarter Return Shareholder fees (fees paid directly from your investment) 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. 0.1223 Annual operating expenses (expenses that you pay each year as a % of the value of your investment) Performance 2013-03-31 Average Annual Returns Lowest Quarter Return 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: 2013-06-30 www.advisor.fidelity.com Portfolio Turnover 0.0402 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 66% of the average value of its portfolio. Principal Investment Strategies 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. For the periods ended December 31, 2013 <ul><li>Normally investing at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index).</li><li>Investing in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).</li><li>Investing in domestic and foreign issuers.</li><li>Allocating the fund's assets across different market sectors (at present, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecom services, and utilities), using different Fidelity managers.</li><li>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.</li></ul> Principal Investment Risks <ul><li>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.</li><li>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.</li><li>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.</li><li>"Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</li></ul>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. www.401k.com and log in for updated return information Performance Past performance (before and after taxes) is not an indication of future performance. Highest Quarter Return 2013-03-31 The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. 0.118 Return After Taxes on Distributions and Sale of Fund Shares Russell 3000® Value Index Return After Taxes on Distributions Return Before Taxes Year-by-Year Returns Calendar Year Lowest Quarter Return Year-by-Year Returns Calendar Years <table border="1" width="95%"><tr><td><div align="left">During the period shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">12.26% </div></td><td><div align="left">March 31, 2013</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">3.93% </div></td><td><div align="left">June 30, 2013</div></td></tr></table> 2013-09-30 Fidelity Series Equity-Income Fund Fidelity Series Equity-Income Fund Fidelity Series Equity-Income Fund 0.033 Average Annual Returns 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. For the periods ended December 31, 2013 Fidelity Equity-Income Fund Fidelity Equity-Income Fund Fidelity Equity-Income Fund Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares 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. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. Past performance is not an indication of future performance. 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. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 0.3387 0.2937 0.2097 0.3311 0.3268 0.3239 0.1939 0.17 0.1535 0.1967 0.1922 0.1928 0 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. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. -0.4056 Highest Quarter Return 0.3546 0.0055 0.2542 2009-06-26 2009-06-26 2009-06-26 2009-06-26 2009-06-26 2009-06-26 -0.0427 0 0.1902 0.3892 0.002 0.0075 Average Annual Returns Lowest Quarter Return 0.2877 0.2692 0.1665 0.3269 0.2679 0.2506 0.156 0.3258 77 240 417 930 Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. 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. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. 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. For the periods ended December 31, 2013 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. www.401k.com and log in for updated return information 0.3177 Russell 3000® Value Index Fidelity Advisor Series Stock Selector Large Cap Value Fund 2009-06-30 0.2062 0.3177 0.2874 0.1834 0.3253 2011-09-30 -0.1912 The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. 0.2991 0.2708 0.1736 0.3224 2012-12-06 2012-12-06 2012-12-06 2012-12-06 Past performance (before and after taxes) is not an indication of future performance. 0.2768 0.2697 0.1616 0.3269 0.163 0.1586 0.1322 0.1675 0.0591 0.0523 0.0484 0.0766 0.42 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. Class K Russell 3000® Value Index www.fidelity.com Return Before Taxes Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 1000® Index S&P 500® Index Fidelity Series All-Sector Equity Fund Linked Index℠ Fidelity Series All-Sector Equity Fund Fidelity Series All-Sector Equity Fund Fidelity Series All-Sector Equity Fund Past performance (before and after taxes) is not an indication of future performance. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">25.49% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-24.77% </div></td><td><div align="left">December 31, 2008</div></td></tr></table> Year-by-Year Returns Calendar Years Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. 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: Fidelity Advisor Series Stock Selector Large Cap Value Fund 0.2187 0.1368 0.145 0.0266 -0.4054 0.0575 0.035 0 0 0.3544 0.2537 -0.0423 0.1914 Return After Taxes on Distributions 0.66 0.3896 You could lose money by investing in the fund. Highest Quarter Return 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. 2009-09-30 0 0.05 0.01 0.2549 Lowest Quarter Return 2008-12-31 -0.2477 The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. Fidelity Advisor Series Stock Selector Large Cap Value Fund Return After Taxes on Distributions and Sale of Fund Shares www.fidelity.com Average Annual Returns 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. Highest Quarter Return 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. 2013-03-31 The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 0.1228 Lowest Quarter Return Highest Quarter Return 0.43 2013-06-30 2013-03-31 Lowest Quarter Return 0.0402 -0.0075 -0.0075 -0.0075 -0.0075 2013-06-30 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. For the periods ended December 31, 2013 2012-12-06 2012-12-06 2012-12-06 2012-12-06 Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">25.54% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-24.79% </div></td><td><div align="left">December 31, 2008</div></td></tr></table> 0.72 You could lose money by investing in the fund. You could lose money by investing in the fund. Russell 1000® Value Index 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. Highest Quarter Return 2009-09-30 0.2554 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 and an additional index over various periods of time. 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. Lowest Quarter Return 2008-12-31 -0.2479 www.fidelity.com The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. 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. www.fidelity.com Past performance (before and after taxes) is not an indication of future performance. www.fidelity.com Past performance (before and after taxes) is not an indication of future performance. 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. Past performance (before and after taxes) is not an indication of future performance. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 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. 0.64 You could lose money by investing in the fund. Fidelity Advisor Series Equity-Income Fund Fidelity Advisor Series Equity-Income Fund Fidelity Advisor Series Equity-Income Fund Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 3000® Value Index 0.0056 0.0056 0.0056 0.0056 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. 0.0025 0.005 0.01 0.01 0.1773 0.1121 0.1711 0.0374 -0.397 0.0034 0.0036 0.0035 0.0033 0.1563 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. 0.0933 -0.0028 The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 0.1625 Class F Class F Class F 0.3224 0.0115 0.0142 0.0191 0.0189 Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 1000® Value Index www.advisor.fidelity.com Average Annual Returns Past performance (before and after taxes) is not an indication of future performance. 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. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 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. For the periods ended December 31, 2013 0.3892 0.3458 0.2277 0.3346 0.2188 0.2098 0.1768 0.2116 0.0658 0.0582 0.05 0.0612 <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart for Class A: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">19.33% </div></td><td><div align="left">September 30, 2009</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-23.29% </div></td><td><div align="left">December 31, 2008</div></td></tr></table> 2007-02-13 2007-02-13 2007-02-13 2007-02-13 Highest Quarter Return 2009-06-30 0.2058 Lowest Quarter Return 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. 2008-12-31 -0.234 The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 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. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesAll-SectorEquityFund column period compact * ~</div> The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesAll-SectorEquityFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesAll-SectorEquityFund column period compact * ~</div> Highest Quarter Return 2009-09-30 0.194 Lowest Quarter Return 2008-12-31 -0.2315 685 489 694 292 919 784 900 594 1172 1099 1232 1021 1892 1992 1942 2212 Highest Quarter Return 685 489 194 192 2009-06-30 919 784 600 594 1172 1099 1032 1021 1892 1992 1942 2212 0 0.05 0.01 0.3896 0.3465 0.2279 0.3346 0.2191 0.2101 0.1771 0.2116 0.1006 0.0922 0.0807 0.1025 0.3224 0.3173 0.1863 0.3253 0.1415 0.1383 0.1141 0.1667 Lowest Quarter Return 0.0639 0.0593 0.0518 0.0758 -0.1527 2011-09-30 0.385 0.1877 -0.0454 0.2506 0.3514 -0.4074 Fidelity Series Stock Selector Large Cap Value Fund Fidelity Series Stock Selector Large Cap Value Fund Fidelity Series Stock Selector Large Cap Value Fund Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 1000® Value Index <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesAllSectorEquityFund column period compact * ~</div> 0.035 0 0 Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. 0.0575 0 0.64 Institutional Class Institutional Class Institutional Class 0.3054 0.2657 0.1799 0.3334 0.324 0.3643 0.3346 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesEquity-IncomeFundFSEIFCls column period compact * ~</div> You could lose money by investing in the fund. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesEquityIncomeFundFSEIFCls column period compact * ~</div> Russell Midcap Value Index Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityEquity-IncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesEquity-IncomeFundFSEIFClsBarChart column period compact * ~</div> 0.2012 0.1929 0.1618 0.2036 0.2046 0.2063 0.2116 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. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityEquityIncomeFund column period compact * ~</div> 0.0043 0.0043 0.0043 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityEquityIncomeFund column period compact * ~</div> 0.1226 0.005 0.01 0.01 www.fidelity.com 0.0539 0.0468 0.0405 0.0548 0.0551 0.055 0.0612 0.0393 0.0039 0.0038 0.0038 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityEquity-IncomeFundBarChart column period compact * ~</div> 2007-02-13 2007-02-13 2007-02-13 2007-02-13 2007-02-13 2007-02-13 2007-02-13 0.0132 0.0181 0.0181 Fidelity Mid Cap Value Fund Fidelity Mid Cap Value Fund Fidelity Mid Cap Value 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. Past performance (before and after taxes) is not an indication of future performance. Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Past performance (before and after taxes) is not an indication of future performance. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityEquity-IncomeFundFEIFCls column period compact * ~</div> 0.0043 0.0025 0.0032 0.01 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityEquityIncomeFundFEIFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityEquity-IncomeFundFEIFClsBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesAll-SectorEquityFundFSASEFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityEquity-IncomeFundFEIFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelitySeriesAllSectorEquityFundFSASEFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesAllSectorEquityFundFSASEFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesAll-SectorEquityFundFSASEFClsBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesAll-SectorEquityFundFSASEFCls column period compact * ~</div> Russell Midcap Value Index <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityStockSelectorLargeCapValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityStockSelectorLargeCapValueFund column period compact * ~</div> Highest Quarter Return Lowest Quarter Return 0.2662 0.2482 0.1552 0.3258 2009-09-30 0.1948 -0.2317 2008-12-31 671 480 684 284 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesEquity-IncomeFundFSEIFCls column period compact * ~</div> 875 754 869 569 1048 1096 1180 980 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. 1729 1885 1814 2127 The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. 2012-12-06 2012-12-06 2012-12-06 2012-12-06 671 480 184 184 875 754 569 569 1096 1048 980 980 Highest Quarter Return 1729 1885 1814 2127 2013-03-31 0.118 Lowest Quarter Return 0.0325 2013-09-30 Class A - Return Before Taxes Class T - Return Before Taxes Class B - Return Before Taxes Class C - Return Before Taxes Class A - Return After Taxes on Distributions Class A - Return After Taxes on Distributions and Sale of Fund Shares <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelitySeriesAllSectorEquityFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesStockSelectorLargeCapValueFund column period compact * ~</div> Russell Midcap Value Index <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesStockSelectorLargeCapValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesStockSelectorLargeCapValueFund column period compact * ~</div> -0.3993 0.1542 0.0901 -0.0056 0.1582 0.3187 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesEquity-IncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelitySeriesEquityIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesEquityIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityMidCapValueFundFMCVFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesEquity-IncomeFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesEquity-IncomeFund column period compact * ~</div> The fund seeks capital appreciation. 0.239 0.1405 0.2429 0.2684 0.2587 0.2981 0.3253 0.1249 0.1222 0.1002 0.1269 0.1295 0.1269 0.1667 0.0121 0.0098 0.0083 0.0126 0.0133 0.0128 0.0423 The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. 2007-02-13 2007-02-13 2007-02-13 2007-02-13 2007-02-13 2007-02-13 2007-02-13 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelitySeriesEquityIncomeFundFSEIFCls column period compact * ~</div> 0.64 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. 50000 1.69 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. You could lose money by investing in the fund. 50000 You could lose money by investing in the fund. 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. 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. 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. www.advisor.fidelity.com Past performance (before and after taxes) is not an indication of future performance. Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. 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. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown. Calendar Years Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively. Declines over 6 years from 5.00% to 0%. On Class C shares redeemed less than one year after purchase. Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively. 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. Highest Quarter Return 2009-09-30 0.2544 Lowest Quarter Return 2008-12-31 -0.2487 www.advisor.fidelity.com Past performance (before and after taxes) is not an indication of future performance. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityMidCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityMidCapValueFund column period compact * ~</div> Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityMidCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityMidCapValueFundBarChart column period compact * ~</div> 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. <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityMidCapValueFund column period compact * ~</div> The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. 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. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Highest Quarter Return 2009-09-30 0.1933 Lowest Quarter Return 2008-12-31 -0.2329 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityEquityIncomeFundFEIFCls column period compact * ~</div> Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. 0.1837 <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityMidCapValueFundClsA,T,B,C column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityMidCapValueFundClsA,T,B,CBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityMidCapValueFundClsA,T,B,C column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityEquity-IncomeFund column period compact * ~</div> Class A - Return Before Taxes Class T - Return Before Taxes Class B - Return Before Taxes Class A - Return After Taxes on Distributions Class A - Return After Taxes on Distributions and Sale of Fund Shares Russell 1000® Value Index Class C - Return Before Taxes <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityStockSelectorLargeCapValueFundFSSLCVF column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityStockSelectorLargeCapValueFundFSSLCVFBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityStockSelectorLargeCapValueFundFSSLCVF column period compact * ~</div> Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively. Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively. On Class C shares redeemed less than one year after purchase. Declines over 6 years from 5.00% to 0%. Fidelity Stock Selector Large Cap Value Fund Fidelity Stock Selector Large Cap Value Fund Fidelity Stock Selector Large Cap Value Fund Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Russell 1000® Value Index <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelitySeriesStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityStockSelectorLargeCapValueFundCLSA,T,B,C column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityStockSelectorLargeCapValueFundCLSA,T,B,CBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityMidCapValueFundClsATBC column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleNoRedemptionFidelityMidCapValueFundClsATBC column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityMidCapValueFundClsATBC column period compact * ~</div> 0 Sell All Shares Hold Shares <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityStockSelectorLargeCapValueFundFSSLCVF column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityAdvisorSeriesEquity-IncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityAdvisorSeriesEquityIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityAdvisorSeriesEquityIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityAdvisorSeriesEquity-IncomeFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityAdvisorSeriesEquity-IncomeFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityStockSelectorLargeCapValueFundCLSATBC column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleNoRedemptionFidelityStockSelectorLargeCapValueFundCLSATBC column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityStockSelectorLargeCapValueFundCLSA,T,B,C column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelityAdvisorSeriesStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityAdvisorSeriesStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityAdvisorSeriesStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityAdvisorSeriesStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityAdvisorSeriesStockSelectorLargeCapValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelityStockSelectorLargeCapValueFundFSSLCVF column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesStockSelectorLargeCapValueFundFSSSLCVFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelitySeriesStockSelectorLargeCapValueFundFSSSLCVFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesStockSelectorLargeCapValueFundFSSSLCVFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesStockSelectorLargeCapValueFundFSSSLCVFClsBarChart column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesStockSelectorLargeCapValueFundFSSSLCVFCls column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityStockSelectorLargeCapValueFund column period compact * ~</div> <div style="display:none">~ http://www.advisor.fidelity.com/role/ScheduleAnnualOperatingExpensesFidelityStockSelectorLargeCapValueFundCLSATBC column period compact * ~</div> Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively. Declines over 6 years from 5.00% to 0%. On Class C shares redeemed less than one year after purchase. From December 6, 2012. From May 9, 2008. From June 26, 2009. From February 13, 2007. From December 6, 2012. From February 13, 2007. From October 17, 2008. From February 13, 2007.