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Morningstar® Style Boxes
All-in-One Funds
Morningstar® Style Boxes
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.
As of 02/28/2009  
  Value Blend Growth
Large Cap
Large Cap Value
  Fidelity 130/30 Large Cap Fund
  Fidelity Blue Chip Value Fund
  Fidelity Disciplined Equity Fund
  Fidelity Equity-Income Fund
  Fidelity Equity-Income II Fund
  Fidelity Large Cap Value Enhanced Index Fund
  Fidelity Large Cap Value Fund
  Fidelity Series Large Cap Value Fund
  Fidelity Strategic Dividend & Income Fund
  Fidelity Tax Managed Stock Fund
  Fidelity Value Discovery Fund
Large Cap Blend
  Fidelity Capital Appreciation Fund
  Fidelity Dividend Growth Fund
  Fidelity Fund
  Fidelity Large Cap Core Enhanced Index Fund
  Fidelity Large Cap Stock Fund
  Fidelity Mega Cap Stock Fund
  Fidelity Series 100 Index Fund
  Fidelity Series All-Sector Equity Fund
  Spartan 500 Index Fund - Fidelity Advantage Class
  Spartan 500 Index Fund - Investor Class
  Spartan Total Market Index Fund - Fidelity Advantage Class
  Spartan Total Market Index Fund - Investor Class
  Spartan U.S. Equity Index Fund - Fidelity Advantage Class
Large Cap Growth
  Fidelity Blue Chip Growth Fund
  Fidelity Contrafund
  Fidelity Export and Multinational Fund
  Fidelity Fifty
  Fidelity Focused Stock Fund
  Fidelity Growth & Income Portfolio
  Fidelity Growth Company Fund
  Fidelity Growth Discovery Fund
  Fidelity Independence Fund
  Fidelity Large Cap Growth Enhanced Index Fund
  Fidelity Large Cap Growth Fund
  Fidelity Magellan Fund
  Fidelity Nasdaq Composite Index Fund
  Fidelity New Millennium Fund
  Fidelity OTC Portfolio
  Fidelity Series Broad Market Opportunities Fund
  Fidelity Stock Selector
  Fidelity Trend Fund
Mid Cap
Mid Cap Value
  Fidelity Leveraged Company Stock Fund
  Fidelity Mid Cap Value Fund
  Fidelity Value Fund
Mid Cap Blend
  Fidelity Low-Priced Stock Fund
  Fidelity Mid Cap Enhanced Index Fund
  Spartan Extended Market Index Fund - Fidelity Advantage Class
  Spartan Extended Market Index Fund - Investor Class
Mid Cap Growth
  Fidelity Mid Cap Growth Fund
  Fidelity Mid-Cap Stock Fund
Small Cap
Small Cap Value
  Fidelity Small Cap Value Fund
Small Cap Blend
Small Cap Growth
  Fidelity Series Small Cap Opportunities Fund
  Fidelity Small Cap Enhanced Index Fund
  Fidelity Small Cap Growth Fund
  Fidelity Small Cap Independence Fund
  Fidelity Small Cap Stock Fund
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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All-In-One Funds
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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Additional Notes
  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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