# EDGAR Filing Document

**Accession Number:** 0000035341
**File Stem:** 0000035341-25-000119
**Filing Date:** 2025-11
**Character Count:** 9460
**Document Hash:** e2cb4486e7efb355d49925be076e2100
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035341-25-000119.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0000035341-25-000119

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**EFFECTIVENESS DATE**: 20251118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY DEVONSHIRE TRUST
- **CENTRAL INDEX KEY:** 0000035341

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-24389
- **FILM NUMBER:** 251493059

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY EQUITY INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EVEREST FUND INC
- **DATE OF NAME CHANGE:** 19751117

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EVEREST INCOME FUND INC
- **DATE OF NAME CHANGE:** 19690420

## Series and Classes Contracts Data

### Fidelity Stock Selector Large Cap Value Fund (Series ID: S000006066)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                                    | Ticker Symbol | Class ID   |
| Fidelity Stock Selector Large Cap Value Fund                  | FSLVX         | C000016684 |
| Fidelity Advisor Stock Selector Large Cap Value Fund: Class I | FLUIX         | C000043313 |
| Fidelity Advisor Stock Selector Large Cap Value Fund: Class A | FLUAX         | C000043314 |
| Fidelity Advisor Stock Selector Large Cap Value Fund: Class C | FLUEX         | C000043316 |
| Fidelity Advisor Stock Selector Large Cap Value Fund: Class M | FLUTX         | C000043317 |
| Fidelity Advisor Stock Selector Large Cap Value Fund: Class Z | FSCZX         | C000177515 |

---

### Fidelity Series All-Sector Equity Fund (Series ID: S000023603)

---

|  |  |  |
|:---|:---|:---|
| Class Name                             | Ticker Symbol | Class ID   |
| Fidelity Series All-Sector Equity Fund | FSAEX         | C000069435 |

---

### Fidelity Series Stock Selector Large Cap Value Fund (Series ID: S000039218)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                          | Ticker Symbol | Class ID   |
| Fidelity Series Stock Selector Large Cap Value Fund | FBLEX         | C000120653 |

---

## Series and Classes Contracts Data

### Fidelity Stock Selector Large Cap Value Fund (Series ID: S000006066)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000016684 | Fidelity Stock Selector Large Cap Value Fund                  | FSLVX           |
| C000043313 | Fidelity Advisor Stock Selector Large Cap Value Fund: Class I | FLUIX           |
| C000043314 | Fidelity Advisor Stock Selector Large Cap Value Fund: Class A | FLUAX           |
| C000043316 | Fidelity Advisor Stock Selector Large Cap Value Fund: Class C | FLUEX           |
| C000043317 | Fidelity Advisor Stock Selector Large Cap Value Fund: Class M | FLUTX           |
| C000177515 | Fidelity Advisor Stock Selector Large Cap Value Fund: Class Z | FSCZX           |

### Fidelity Series All-Sector Equity Fund (Series ID: S000023603)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000069435 | Fidelity Series All-Sector Equity Fund | FSAEX           |

### Fidelity Series Stock Selector Large Cap Value Fund (Series ID: S000039218)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000120653 | Fidelity Series Stock Selector Large Cap Value Fund | FBLEX           |

**Supplement to the Fidelity® Stock Selector Large Cap Value Fund**

**Class A, Class M, Class C, Class I, and Class Z April 1, 2025 Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Holger Boerner (Co-Portfolio Manager) has managed the fund since 2025.

Matthew Reed (Co-Portfolio Manager) has managed the fund since 2025.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off the fund.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Holger Boerner is Co-Portfolio Manager of Fidelity® Stock Selector Large Cap Value Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2006, Mr. Boerner has worked as a sector leader and portfolio manager.

Matthew Reed is Co-Portfolio Manager of Fidelity® Stock Selector Large Cap Value Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Reed has worked as a research analyst and portfolio manager.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off Fidelity® Stock Selector Large Cap Value Fund.

ALCV-PSTK-1125-133 1.847519.133 November 18, 2025

**Supplement to the Fidelity® Series All-Sector Equity Fund April 1, 2025 Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Holger Boerner (Co-Portfolio Manager) has managed the fund since 2025.

Matthew Reed (Co-Portfolio Manager) has managed the fund since 2025.

Evan Zehnal (Co-Portfolio Manager) has managed the fund since 2025.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off the fund.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Holger Boerner is Co-Portfolio Manager of Fidelity® Series All-Sector Equity Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2006, Mr. Boerner has worked as a sector leader and portfolio manager.

Matthew Reed is Co-Portfolio Manager of Fidelity® Series All-Sector Equity Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Reed has worked as a research analyst and portfolio manager.

Evan Zehnal is Co-Portfolio Manager of Fidelity® Series All-Sector Equity Fund, which he has managed since 2025. Since joining Fidelity Investments in 2020, Mr. Zehnal has worked as a research analyst and portfolio manager.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off Fidelity® Series All-Sector Equity Fund.

DLF-PSTK-1125-127 1.882075.127 November 18, 2025

**Supplement to the Fidelity® Stock Selector Large Cap Value Fund April 1, 2025 Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Holger Boerner (Co-Portfolio Manager) has managed the fund since 2025.

Matthew Reed (Co-Portfolio Manager) has managed the fund since 2025.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off the fund.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Holger Boerner is Co-Portfolio Manager of Fidelity® Stock Selector Large Cap Value Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2006, Mr. Boerner has worked as a sector leader and portfolio manager.

Matthew Reed is Co-Portfolio Manager of Fidelity® Stock Selector Large Cap Value Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Reed has worked as a research analyst and portfolio manager.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off Fidelity® Stock Selector Large Cap Value Fund.

LCV-PSTK-1125-114 1.918632.114 November 18, 2025

**Supplement to the Fidelity® Series Stock Selector Large Cap Value Fund April 1, 2025 Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Holger Boerner (Co-Portfolio Manager) has managed the fund since 2025.

Matthew Reed (Co-Portfolio Manager) has managed the fund since 2025.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off the fund.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Holger Boerner is Co-Portfolio Manager of Fidelity® Series Stock Selector Large Cap Value Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2006, Mr. Boerner has worked as a sector leader and portfolio manager.

Matthew Reed is Co-Portfolio Manager of Fidelity® Series Stock Selector Large Cap Value Fund, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Reed has worked as a research analyst and portfolio manager.

It is expected that on or about January 31, 2026, Mr. Sorel will transition off Fidelity® Series Stock Selector Large Cap Value Fund.

LDT-PSTK-1125-109 1.962372.109 November 18, 2025