Fund Overview

Adviser:

Fidelity Management & Research Company

Subadviser:

FRM Co., Inc.

Objective/Focus:

Primarily securities of domestic or foreign companies with medium market capitalizations. May invest in either growth stocks or value stocks. The objective is long-term growth of capital.

Asset Class:

Mid-Cap Stocks

Style:

Blend

Overseas investments can pose more risks than domestic investments. Unit values are subject to fluctuations in foreign stock markets, currency values, interest rates, government regulations and political conditions.

Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks.

Investing in medium company stocks involves a greater degree of risk than investing in large company stocks.