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Fidelity Advisor New Insights Fund

Not FDIC Insured May Lose Value No Bank GuaranteeFACT SHEET JUNE 30, 2022 Fidelity INSTITUTIONAL Fidelity Advisor New Insights FundCLASS A: FNIAX CLASS C: FNICX CLASS M: FNITX CLASS I: FINSX CLASS Z: FZANXOBJECTIVE: Capital appreciationSTRATEGY: Investing in securities of companies whose value FMR believes is not fully recognized by the public. Investing in either growth stocks or value stocks or both. Normally investing primarily in common YEAR RETURNS (%)2012201320142015201620172018201920202 021 Class RETURNS, EXPENSE RATIOS, AND SALES CHARGES (%)CumulativeAverage AnnualExpense RatiosMax.

the fund’s level of risk measured by beta.Beta is a measure of the volatility of a fund relative to its benchmark index. A beta greater (less) than 1 is more (less) volatile than the index. Gross Expense Ratio is the total annual fund or class operating expense ratio from the most recent prospectus (before waivers or reimbursements) and ...

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