| A blank data field = does not apply; an NA in a data field = not available. |
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Annualized measure of performance based on the yield to maturity of a fund's investments over a 30-day period and not on the dividends paid by the fund, which may differ. |
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The percentage of a fund's total net assets represented by its largest 10 holdings.
The federal alternative minimum tax attempts to ensure that all individuals who benefit from preferential tax treatment and certain deductions pay at least a minimum amount of tax. AMT % represents the percentage of a fund's income that is subject to the federal alternative minimum tax.
Represents the average annual change in value of an investment over time, including changes in share price and income (dividends or interest), expressed as a percentage. It is calculated by dividing the change in an asset's value, assuming reinvestment of income and capital gains, by the initial net investment value and then adjusting this value for the time period reported. Average annual total returns on this Web site have been adjusted for sales loads, assume a steady compounded rate of return, are not year-by-year results, and are shown for various time horizons (1, 3, 5, and 10 years). If a fund is between 5 and 10 years old, the return since inception (Life of Fund, or LOF) will be reported instead of the 10-year return. |
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An unmanaged market value weighted index of investment grade, fixed rate debt issues, including government, corporate, asset backed, and mortgage
backed securities, with maturities of one year or more. You cannot invest directly in an index.
An unmanaged market value weighted index of investment-grade municipal bonds with maturities of one year or more. You cannot invest directly in an index. |
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A measure of risk, correlation is a
statistical measure of the degree to which the movements of
two variables are related. Values range between 1 and 1. A
value close to 1 indicates that the two variables tend to
move in the same direction. A value of 1 indicates that the
two variables tend to move in opposite directions.
Correlation to benchmark indicates the degree to which the
performance of a fund is related to its relevant market.
Correlation to benchmark measures the extent of association,
but does not imply causation. An index is selected based on
a fund's Morningstar Investment Category and is used in the
calculation to measure the performance of a fund's relevant
market. Correlation to benchmark will be reported for 3, 5,
and 10 years, as applicable. In addition to the numeric
value for correlation to benchmark, funds are displayed as
having High, Medium, or Low correlation to benchmark. A High
correlation to benchmark is considered to be most favorable.
The returns used for this calculation are not load adjusted.
You cannot invest directly in any market index. Indices used
as benchmarks may differ from those listed in each fund's
prospectus.
| High |
0.95 |
1.00 |
| Medium |
0.70 |
0.95 |
| Low |
-1.00 |
0.70 |
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Relative Indexes:
Foreign Stock Investment Category: Morgan Stanley Capital International Europe, Australasia, Far East Index (EAFE®)
(Bond and Government) Relative Index: Barclays Capital Aggregate Bond Index
An unmanaged market value-weighted index that tracks the total return performance of the publicly traded high yield debt market in the United States. You cannot invest directly in an index.
A measure of an asset's actual performance over a specified period of time expressed as a percentage and indicates the percentage gain or loss during that time period. Cumulative total returns include changes in share price, reinvestment of dividends, and capital gains, if any, and the effect of any applicable sales loads.
This reflects the fund's investment approach as determined by the portfolio's actual holdings, not the investment objective stated in the fund's prospectus. Morningstar, Inc. is the source for this data.
LV = Large-Cap Value - Relative Index: Russell 1000 Value Index
LB = Large-Cap Blend - Relative Index: Russell 1000 Index
LG = Large-Cap Growth - Relative Index: Russell 1000 Growth Index
MV = Mid-Cap Value - Relative Index: Russell Mid-Cap Value Index
MB = Mid-Cap Blend - Relative Index: Russell Mid-Cap Index
MG = Mid-Cap Growth - Relative Index: Russell Mid-Cap Growth Index
SV = Small-Cap Value - Relative Index: Russell 2000 Value Index
SB = Small-Cap Blend - Relative Index: Russell 2000 Index
SG = Small-Cap Growth - Relative Index: Russell 2000 Growth Index
Blank = Does not apply
NA = Not available
Relative Indexes: Foreign Stock Investment Category: Morgan Stanley Capital International Europe, Australasia, Far East Index (EAFE®)
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HS = Short-Term High Quality
HI = Intermediate-Term High Quality
HO = Long-Term High Quality
MS = Short-Term Med Quality
MI = Intermediate-Term Med Quality
MO = Long-Term Med Quality
LS = Short-Term Low Quality
LI = Intermediate-Term Low Quality
LO = Long-Term Low Quality
Blank = Does not apply
NA = Not available
Relative Indexes: Long-Term, Intermediate-Term, and Short-Term Taxable Bond Funds - Relative Index: Barclays Capital Aggregate Bond Index;
Municipal National Bond Funds - Relative Index: Barclays Capital Municipal Bond;
High-Yield Bond Funds - Relative Index: CS First Boston High Yield |
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Expresses the percentage of a fund's average net assets spent on the operation and management of the fund (includes management fees). |
Accounting period covering 12 consecutive months, 52 consecutive weeks, 13 four week periods. A fund's fiscal year may or may not be the same as the calendar year.
The front-end load percentage or initial sales charge is a deduction made from each investment in the fund. The amount is generally based on the amount of the investment. Larger investments, both initial and cumulative, may receive percentage discounts based on the dollar value invested (breakpoint pricing). |
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The date on which the fund commenced operations.
Funds are displayed in investment categories created by Strategic. Strategic creates the investment categories by applying screening criteria to funds in Morningstar, Inc.'s Investment Categories. Before applying the screening criteria, Strategic makes minor refinements to certain Morningstar Investment Categories: Short-Term Bond and Short-Term Government categories are combined and labeled as Short-Term Taxable Bond Fund Category; Intermediate-Term Bond and Intermediate-Term Government categories are combined and labeled as Intermediate Taxable Bond Fund Category; Long-Term Bond and Long-Term Government categories are combined and labeled as Long-Term Taxable Bond Fund Category.
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The length of time in years that the fund has been managed by the current portfolio manager. The number zero indicates tenure less than one year.
An unmanaged market capitalization-weighted index that is designed to represent the performance of developed stock markets outside the United States and
Canada. As of October 12, 2000, the index included over 942 equity securities of companies domiciled in 20 countries. You cannot invest directly in an index.
Identifies funds based on their historical investment styles, as measured by their underlying portfolio holdings (portfolio statistics and composition over the past three years). |
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A number of funds are available through FundsNetwork without paying a transaction fee to Fidelity. A transaction fee is similar to a brokerage fee or commission, which you pay when you buy or sell a stock. All fees as described in a fund's prospectus still apply. Redemption/exchange fees must be paid on those funds that charge such fees if shares are sold within certain time frames. Investors also still pay any fund level expenses, such as asset-based sales charges (12b-1 fees) and other fund expenses as detailed in the prospectus. The No Transaction Fee Funds (NTF) included in the Evaluator include all no-load funds (and a few funds with a 12b-1 fee greater than .25%, which are not considered no-load funds) available without paying a transaction fee to Fidelity. Load funds are not included under the Evaluator's NTF identifier, although you do not pay a transaction fee on load funds. You are charged a sales load by the fund, a portion of which is paid to Fidelity. |
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The average expense ratio for the Morningstar Investment Category expressed as a percentage.
The percentage of a portfolio's asset value that is bought or sold during a given period of time. Portfolio turnover represents the number of times portfolio assets are replaced during a given period of time. The higher the percentage, the more the manager has traded. In addition to the numeric value
for portfolio turnover percentage, funds are displayed as having a High, Medium or Low turnover. The values for High, Medium and Low are noted in this table. |
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The percentage fee charged when shares are redeemed or sold. Please refer to a fund's prospectus for information on redemption fee time horizons.
Measures the performance of the 1,000 largest companies in the
Russell 3000® Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index. As of the latest reconstitution, the average market capitalization was approximately $13 billion; the median market capitalization was approximately $3.8 billion. The smallest company in the index had an approximate market capitalization of $1.4 billion. You cannot invest directly in an index.
Measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. You cannot invest directly in an index.
Measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index.
Measures the performance of the 2,000 smallest companies in the Russell 3000 Index, representing approximately 8% of the total market capitalization of the Russell 3000 Index. As of the latest reconstitution, the average market capitalization was approximately $530 million; the median market capitalization was approximately $410 million. The largest company in the index had an approximate market capitalization of $1.4 billion. You cannot invest directly in an index.
Measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. You cannot invest directly in an index.
Measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index.
Measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98% of the investable U.S. equity market. As of the latest reconstitution, the average market capitalization was approximately $4.6 billion; the median market capitalization was approximately $732 million. The index had a total market capitalization range of approximately $487 billion to $147 million. You cannot invest directly in an index.
Measures the performance of the 800 smallest companies in the Russell 1000 Index, which represents approximately 25% of the total market capitalization of the Russell 1000 Index. As of the latest reconstitution, the average market capitalization was approximately $4.0 billion; the median market capitalization was approximately $2.9 billion. The largest company in the index had an approximate market capitalization of $12 billion. You cannot invest directly in an index.
Measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000 Growth Index. You cannot invest directly in an index.
Measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values. The stocks are also members of the Russell 1000 Value index. You cannot invest directly in an index. |
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A risk-adjusted measure designed by Nobel Laureate William Sharpe, it is calculated by using standard deviation and excess returns to determine reward per unit of risk. This ratio is calculated for the past 36-month period by dividing the annualized excess load-adjusted return for a security or fund by the standard deviation of the annualized excess return.
Statistical measure of how much a return varies over an extended period of time. The more variable the returns, the larger the standard deviation. Investors may examine historical standard deviation in conjunction with historical returns to decide whether an investment's volatility would have been acceptable given the returns it would have produced. A higher standard deviation indicates a wider dispersion of past returns and thus greater historical volatility. Standard deviation does not indicate how an investment actually performed, but it does indicate the volatility of its returns over time. In addition to the numeric value for standard deviation, funds are displayed as having High, Medium, or Low standard deviation, based on how much a fund's monthly return varied from its average return over 3, 5, and 10-year periods, as applicable. Standard deviation is annualized. The values for High, Medium, and Low are noted in the next table.
A Low standard deviation is considered to be most favorable. The returns used for this calculation are not load-adjusted.
| High |
15 |
Infinity |
| Medium |
5 |
15 |
| Low |
0 |
5 |
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Total dollars invested in the fund reported in millions of dollars.
A fee you pay when you redeem, or sell, your shares. Not all funds charge trading fees.
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A measure of risk that measures the variability of the price of an investment. The greater the ups and downs, the more volatile the investment. Volatility is often measured by Standard Deviation. See Standard Deviation. |
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Used to assess the average life of a bond, weighted average maturity represents the weighted average time to the return of a dollar of principal. |
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