A fund’s prospectus describes the fund’s objectives, policies, operations, and fees. The prospectus for Fidelity’s Equity‐Income Fund contains the following statement: “Equity‐Income is a mutual fund: an investment that pools shareholders’ money and invests it toward a specified goal. . .The fund is governed by a Board of Trustees, which is responsible for protecting the interests of shareholders. . .The fund is managed by FMR, which chooses the fund’s investments and handles its business affairs."