Finding Funds by Type


	Morningstar^® Style Boxes

	All-in-One Funds

The table below shows the latest Morningstar Style Boxes for the Fidelity domestic equity funds. This is based on Morningstar's characterization of each fund's portfolio as of the latest data available to Morningstar.

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Here are the fund strategies for the Fidelity funds presented in the above style boxes:

Fidelity Funds¹	Strategy
Opportunistic Funds Fidelity Capital Appreciation Fund Fidelity Contrafund Fidelity Disciplined Equity Fund Fidelity Dividend Growth Fund Fidelity Discovery Fund Fidelity Export and Multinational Fund Fidelity Fifty Fidelity Focused Stock Fund Fidelity Independence Fund Fidelity Magellan Fund Fidelity New Millennium Fund Fidelity Stock Selector Fidelity Trend Fund	These funds have opportunistic strategies that allow the portfolio manager flexibility to vary the fund's investment style and market cap in order to take advantage of market opportunities, based on the manager's outlook.
Style and/or Cap Biased Funds Fidelity Aggressive Growth Fund Fidelity Blue Chip Growth Fund Fidelity Growth Company Fund Fidelity Large Cap Growth Fund Fidelity Large Cap Stock Fund Fidelity Large Cap Value Fund Fidelity Mid Cap Growth Fund Fidelity Mid-Cap Stock Fund Fidelity Mid Cap Value Fund Fidelity Small Cap Growth Fund Fidelity Small Cap Independence Fund Fidelity Small Cap Stock Fund Fidelity Small Cap Value Fund Fidelity Value Discovery Fund Fidelity Value Fund	These funds invest the majority of their assets in a given market cap range and/or investment style. For example Fidelity Aggressive Growth Fund specializes in growth-style stocks, but has the flexibility to vary its predominant market cap.
Specialized Funds Fidelity Convertible Securities Fund² Fidelity Leverage Company Stock Fund Fidelity Low-Priced Stock Fund Fidelity OTC Portfolio Fidelity Real Estate Investment Portfolio² Fidelity Tax Managed Stock Fund	These funds have specialized investment strategies that focus the investment universe of the fund. For example, Fidelity Low-Priced Stock fund specializes in stocks that are priced under $35 at the time of purchase.
Growth & Income Funds Fidelity Balanced Fund Fidelity Equity-Income Fund Fidelity Equity-Income II Fund Fidelity Fund Fidelity Growth & Income Portfolio Fidelity Growth & Income II Portfolio Fidelity Puritan Fund Fidelity Utilities Fund²	These funds typically invest a portion of their assets in dividend-paying stocks and/or bonds in an attempt to use the income to moderate the effects of price fluctuations.
Index Funds Spartan Extended Market Index Fund - Investor Class Spartan Extended Market Index - Fidelity Advantage Class Spartan 500 Index Fund - Investor Class Spartan 500 Index Fund - Fidelity Advantage Class Spartan Total Market Index Fund - Investor Class Spartan Total Market Index Fund - Fidelity Advantage	These funds seek to replicate the investment results of specific security indexes. For example, Spartan 500 Index Fund is managed to provide investment results that correspond to the total return of the common stocks represented by the S&P 500 Index.

1 Investment options in each category are listed in alphabetical order.
2 Because of its investment focus this fund is not represented by a style box.

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The illustration below shows the relative asset allocations for each group of Fidelity's all-in-one funds. By spreading their assets across different asset classes or funds, Fidelity's all-in-one funds seek to offer investors a diversified portfolio in a single investment.

Predominant asset classes for Fidelity's asset allocation funds

Here are the fund strategies for the all-in-one funds.

Funds	Strategy
Asset Manager Funds Asset Manager: Income Asset Manager Asset Manager: Growth Asset Manager: Aggressive	The portfolio manager of each of the Fidelity Asset Manager funds has the flexibility to periodically shift investments among the funds' asset classes, depending on the current outlook for various markets.
Freedom Funds Freedom Income Fund Freedom 2000 Fund Freedom 2005 Fund Freedom 2010 Fund Freedom 2015 Fund Freedom 2020 Fund Freedom 2025 Fund Freedom 2030 Fund Freedom 2035 Fund Freedom 2040 Fund	These funds (except Fidelity Freedom Income) gradually adjust their asset allocations to be more conservative as the funds approach their target retirement date.
Index Fund of Funds Four-in-One Index Fund	Unlike other index funds that invest in specific securities to replicate the performance of one index, the fund invests in a combination of four Fidelity index funds.

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•		Morningstar Style Box depictions are produced using data and calculations provided by Morningstar, Inc. based on each fund's most current public portfolio, which is subject to change.

•		For the domestic equity mutual funds, the styles shown above represent the latest monthly Morningstar Style Boxes. Each fund's box may change periodically based on the fund's investment strategy. The Morningstar Style Box is a characterization of each portfolio's holdings based on the latest data available to Morningstar and may change at any time. These style calculations do not represent the fund's objectives and do not predict the future styles.

•		Securities of small, less well known companies may be more volatile than those of larger companies.

•		Strategic Advisers, Inc., a subsidiary of FMR LLC, manages the Fidelity Freedom Funds^®.

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