Fidelity Stock Selector Fund (FDSSX)

Overview

The described fund is designed to offer investors broad exposure to the U.S. stock market by investing primarily in a diversified portfolio of stocks. It achieves its investment goals by allocating at least 80% of its assets across various sectors within the U.S. stock market through investments in Fidelity® central funds. These central funds are specialized investment vehicles that focus on distinct sectors, enabling the fund to diversify its investment across various areas of the economy. By investing in both domestic and foreign issuers and incorporating a mix of growth and value stocks, the fund aims to cater to a wide range of investment strategies and preferences.

Products and Services

• Stock Investments

  The primary service offered by the fund revolves around investing in a wide array of stocks, predominantly in common stocks. This allows investors to gain exposure to the equity market, which can potentially provide growth over time through capital appreciation and dividends.

• Fidelity® Central Funds Investments

  A significant portion of the fund's assets is dedicated to investing in Fidelity® central funds. These central funds give the main fund exposure to different sectors of the U.S. stock market, ranging from communication services to utilities. This strategy is designed to diversify the investment portfolio across various sectors and reduce sector-specific risks.

• Sector Exposure

  The fund aims to invest in central funds that cover several key sectors of the economy, including but not limited to communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities. This comprehensive sector exposure ensures that the fund's portfolio can potentially benefit from growth in various segments of the economy.

• Domestic and Foreign Issuers

  In its quest to provide broad market exposure, the fund invests not only in domestic but also in foreign issuers. This aspect of the fund's strategy enhances its diversification further, as investing in foreign markets can introduce growth opportunities from economies outside the U.S. that may be expanding at different rates or experiencing different economic cycles.

• Growth and Value Stocks

  By incorporating both growth and value stocks into its portfolio, the fund seeks to balance between pursuing higher returns through stocks with high growth potential and seeking value in undervalued stocks that may represent a more conservative investment approach. This balance is intended to cater to a wide range of investment objectives, from aggressive growth to more moderate growth with a focus on value.