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Fidelity Mutual Funds

Invest with a world leader in mutual funds* and you put a global network of 400 analysts and one of the largest research departments in the industry to work for you. Our extensive resources allow Fidelity's fund managers to look deeply across different regions and sectors to find investment opportunities that others may miss.

Explore the full spectrum of available Fidelity Funds

Fidelity Funds cover all asset classes of mutual funds, from domestic equity to specialized sectors, so you can find the mix of funds that helps you to achieve your strategic investment goals.

Benefits of domestic equity funds

  • Exposure to successful, innovative, and profitable companies
  • May offer significant appreciation potential
  • A good foundation for almost any portfolio for risk-tolerant investors

Why Fidelity domestic equity funds

  • $1 trillion in U.S. equity assets under management1
  • 2,364 stocks covered by more than 200 equity research professionals2
  • A wide range of highly rated 4- and 5-star Morningstar rated funds3

Large Value
Fidelity® Blue Chip Value Fund (FBCVX)
Fidelity® Large-Cap Value Enhanced Fund (FLVEX)
Fidelity® Stock Selector Large-Cap Value Fund (FSLVX)
Fidelity® Value Discovery Fund (FVDFX)

Small/Mid Value
Fidelity® Low-Priced Stock Fund (FLPSX)
Fidelity® Mid-Cap Value Fund (FSMVX)
Fidelity® Value Fund (FDVLX)
Fidelity® Value Strategies Fund (FSLSX)
Fidelity® Small-Cap Value Fund (FCPVX)

Income-Oriented
Fidelity® Equity Dividend Income Fund (FEQTX)
Fidelity® Equity-Income Fund (FEQIX)
Fidelity® Growth & Income Portfolio Fund (FGRIX)
Fidelity® Dividend Growth Fund (FDGFX)

Large Blend
Fidelity® Disciplined Equity Fund (FDEQX)
Fidelity® Large-Cap Core Enhanced Index Fund (FLCEX)
Fidelity® Large-Cap Stock Fund (FLCSX)
Fidelity® Mega-Cap Stock Fund (FGRTX)

Small/Mid Blend
Fidelity® Mid-Cap Enhanced Index Fund (FMEIX)
Fidelity® Small-Cap Enhanced Index Fund (FCPEX)
Fidelity® Small-Cap Stock Fund (FSLCX)
Fidelity® Stock Selector Small-Cap Fund (FDSCX)
Fidelity® Small-Cap Discovery Fund (FSCRX)

Go-Anywhere
Fidelity® Capital Appreciation Fund (FDCAX)
Fidelity® Contrafund® (FCNTX)
Fidelity® Independence Fund (FDFFX)
Fidelity® Magellan® Fund (FMAGX)
Fidelity® New Millennium Fund (FMILX)

Large Growth
Fidelity® Blue Chip Growth Fund (FBGRX)
Fidelity® Export & Multinational Fund (FEXPX)
Fidelity® Focused Stock Fund (FTQGX)
Fidelity® Fund (FFIDX)
Fidelity® Growth Discovery Fund (FDSVX)
Fidelity® Growth Company Fund (FDGRX)
Fidelity® Large-Cap Growth Enhanced Index Fund (FLGEX)
Fidelity® OTC Portfolio (FOCPX)
Fidelity® Stock Selector All Cap Fund (FDSSX)
Fidelity® Trend Fund (FTRNX)

Small/Mid Growth
Fidelity® Growth Strategies Fund (FDEGX)
Fidelity® Mid-Cap Stock Fund (FMCSX)
Fidelity® Stock Selector Mid-Cap Fund (FSSMX)
Fidelity® Small-Cap Growth Fund (FCPGX)

Diversifiers
Fidelity® Leveraged Company Stock Fund (FLVCX)
Fidelity® Event Driven Opportunities Fund (FARNX)

Fidelity Viewpoints®

  • 3 consumer trends

    Learn which companies are leading the wave of change in restaurants, media, and financial services.
  • The big challenge for stocks

    Although the Fed didn’t change rates, the market has tightened, which has affected stocks.
  • Ways to buy MLPs

    ETFs offer some advantages, while ETNs and mutual funds can provide other benefits.
  • An oil recovery play

    If oil prices recover, our fund manager says some chemical companies could benefit.

Benefits of international equity funds

  • More than half the world's companies reside outside the U.S.
  • Tap into the growth potential in other parts of the world.
  • Lower the volatility of your profile through diversification.

Why Fidelity international equity funds

  • 50 years of international asset management experience
  • $200+ billion in international equity assets
  • 25+ years of experience managing emerging market equities

Why Fidelity for international funds (PDF)

Core International
Fidelity® International Enhanced Index Fund (FIENX)
Fidelity® International Capital Appreciation Fund (FIVFX)
Fidelity® Total International Equity Fund (FTIEX)
Fidelity® International Discovery Fund (FIGRX)
Fidelity® Diversified International Fund (FDIVX)
Fidelity® Overseas Fund (FOSFX)
Fidelity® International Growth Fund (FIGFX)
Fidelity® International Value Fund (FIVLX)
Fidelity® International Small Cap Fund (FISMX)
Fidelity® International Small Cap Opportunities Fund (FSCOX)

Regional & Single Country
Fidelity® China Region Fund (FHKCX)
Fidelity® Emerging Asia Fund (FSEAX)
Fidelity® Emerging Europe, Middle East, Africa Fund (FEMEX)
Fidelity® Europe Fund (FIEUX)
Fidelity® Latin America Fund (FLATX)
Fidelity® Nordic Fund (FNORX)
Fidelity® Pacific Basin Fund (FPBFX)
Fidelity® Canada Fund (FICDX)
Fidelity® Japan Fund (FJPNX)
Fidelity® Japan Smaller Companies Fund (FJSCX)

Global
Fidelity® Worldwide Fund (FWWFX)
Fidelity® Global Equity Income Fund (FGILX)

Emerging Markets
Fidelity® Emerging Markets Fund (FEMKX)
Fidelity® Emerging Markets Discovery Fund (FEDDX)
Fidelity® Total Emerging Markets Fund (FTEMX)

Fidelity Viewpoints®

  • 2016: int. outlook

    Sluggish global growth, low commodity prices, and stimulus abroad set the stage for skilled stock pickers.
  • Time to go global?

    You may be missing out on potential diversification benefits and growth opportunities.
  • Think globally

    Our experts spotlight opportunities in Europe and Japan as global economic growth shifts.
  • Best ideas from five experts

    Investment experts share where they see potential risks and opportunities.

Benefits of sector funds

  • Tactical investment approaches, such as sector rotation strategies
  • More precise asset allocation
  • Greater diversification of your portfolio

Why Fidelity sector funds

  • 44 actively managed sector funds
  • Latest sector research
  • 400+ analysts

Why Invest in Sectors at Fidelity

Consumer Discretionary
Fidelity® Select Consumer Discretionary Portfolio (FSCPX)
Fidelity® Select Automotive Portfolio (FSAVX)
Fidelity® Select Leisure Portfolio (FDLSX)
Fidelity® Select Multimedia Portfolio (FBMPX)
Fidelity® Select Retailing Portfolio (FSRPX)
Fidelity® Select Construction & Housing Portfolio (FSHOX)

Consumer Staples
Fidelity® Select Consumer Staples Portfolio (FDFAX)

Energy
Fidelity® Select Energy Portfolio (FSENX)
Fidelity® Select Energy Service Portfolio (FSESX)
Fidelity® Select Natural Gas Portfolio (FSNGX)
Fidelity® Select Natural Resources Portfolio (FNARX)

Financials
Fidelity® Select Financial Services Portfolio (FIDSX)
Fidelity® Select Banking Portfolio (FSRBX)
Fidelity® Select Brokerage and Investment Management Portfolio (FSLBX)
Fidelity® Select Consumer Finance Portfolio (FSVLX)
Fidelity® Select Insurance Portfolio (FSPCX)

Health Care
Fidelity® Select Health Care Portfolio (FSPHX)
Fidelity® Select Biotechnology Portfolio (FBIOX)
Fidelity® Select Health Care Services Portfolio (FSHCX)
Fidelity® Select Medical Equipment and Systems Portfolio (FSMEX)
Fidelity® Select Pharmaceuticals Portfolio (FPHAX)

Industrials
Fidelity® Select Industrials Portfolio (FCYIX)
Fidelity® Select Air Transportation Portfolio (FSAIX)
Fidelity® Select Defense and Aerospace Portfolio (FSDAX)
Fidelity® Select Environment & Alternative Energy Portfolio (FSLEX)
Fidelity® Select Industrial Equipment Portfolio (FSCGX)
Fidelity® Select Transportation Portfolio (FSRFX)

Information Technology
Fidelity® Select Technology Portfolio (FSPTX)
Fidelity® Select Communications Equipment (FSDCX)
Fidelity® Select Computers Portfolio (FDCPX)
Fidelity® Select Electronics Portfolio (FSELX)
Fidelity® Select IT Services Portfolio (FBSOX)
Fidelity® Select Software and IT Services Portfolio (FSCSX)

Materials
Fidelity® Select Materials Portfolio (FSDPX)
Fidelity® Select Chemicals Portfolio (FSCHX)
Fidelity® Select Gold Portfolio (FSAGX)
Fidelity® Global Commodity Stock Fund (FFGCX)

Real Estate
Fidelity® Real Estate Investment Portfolio (FRESX)
Fidelity® Spartan Real Estate Index Fund (FRXIX)
Fidelity® Real Estate Income Fund (FRIFX)
Fidelity® International Real Estate Fund (FIREX)
Fidelity® Select Construction and Housing Portfolio (FSHOX)

Telecommunications
Fidelity® Select Telecommunications Portfolio (FSTCX)
Fidelity® Select Wireless Portfolio (FWRLX)

Utilities
Fidelity® Select Utilities Portfolio (FSUTX)
Fidelity® Telecom & Utilities Fund (FIUIX)

Fidelity Viewpoints®

Benefits of fixed income funds

  • Potential for capital preservation, depending on the fund
  • Income generation
  • Liquidity

Why Fidelity fixed income funds

  • One of the country’s most experienced and largest institutional fixed income investors
  • $800+ billion in bond assets
  • Nearly 500 researchers in 13 countries

Short Duration
Fidelity® Conservative Income Bond Fund (FCONX)
Fidelity® Conservative Income Municipal Bond Fund (FCRDX)
Fidelity® Conservative Income Municipal Bond Fund - Institutional Class (FMNDX)
Fidelity® Conservative Income Bond Fund - Institutional Class (FCNVX)
Fidelity® Short-Term Bond Fund (FSHBX)
Fidelity® Limited Term Bond Fund (FJRLX)
Fidelity® Short Duration High Income Fund (FSAHX)
Fidelity® Limited Term Government Fund (FFXSX)
Fidelity® Limited Term Municipal Income Fund (FSTFX)
Fidelity® California Limited Term Tax-Free Bond Fund (FCSTX)
Fidelity® Floating Rate High Income Fund (FFRHX)

Corporate
Fidelity® Corporate Bond Fund (FCBFX)
Fidelity® Limited Term Bond Fund (FJRLX)

Mortgage
Fidelity® Mortgage Securities Fund (FMSFX)
Fidelity® GNMA Fund (FGMNX)

Government
Fidelity® Intermediate Government Income Fund (FSTGX)
Fidelity® Limited Term Government Fund (FFXSX)

Diversified/Opportunistic
Fidelity® Total Bond Fund (FTBFX)
Fidelity® Strategic Income Fund (FSICX)
Fidelity® Capital & Income Fund (FAGIX)
Fidelity® Intermediate Bond (FTHRX)
Fidelity®Investment Grade Bond (FBNDX)

International
Fidelity® Global Bond Fund (FGBFX)
Fidelity® International Bond Fund (FINUX)
Fidelity® New Markets Income Fund (FNMIX)
Fidelity® Global High Income Fund (FGHNX)

High Yield
Fidelity® High Income Fund (SPHIX)
Fidelity® Short Duration High Income Fund (FSAHX)
Fidelity® Floating Rate High Income Fund (FFRHX)
Fidelity® Focused High Income Fund (FHIFX)
Fidelity® Global High Income Fund (FGHNX) Fidelity® Capital & Income Fund (FAGIX)

Municipal - National
Fidelity® Conservative Income Municipal Bond Fund (FCRDX)
Fidelity® Conservative Income Municipal Bond Fund - Institutional Class (FMNDX)

Fidelity Tax-Free Bond Fund (FTABX)
Fidelity® Municipal Income Fund (FHIGX)
Fidelity® Intermediate Municipal Income Fund (FLTMX)
Fidelity® Limited Term Municipal Income Fund (FSTFX)
Fidelity Municipal Income 2015 Fund (FMLCX)
Fidelity Municipal Income 2017 Fund (FMIFX)
Fidelity Municipal Income 2019 Fund (FMCFX)
Fidelity Municipal Income 2021 Fund (FOCFX)
Fidelity® Municipal Income 2023 Fund (FCHPX)

Municipal – State
Fidelity Arizona Municipal Income Fund (FSAZX)
Fidelity® California Limited Term Tax-Free Bond Fund (FCSTX)
Fidelity® California Municipal Income Fund (FCTFX)
Fidelity® Connecticut Municipal Income Fund (FICNX)
Fidelity® Massachusetts Municipal Income Fund (FDMMX)
Fidelity Maryland Municipal Income Fund (SMDMX)
Fidelity® Michigan Municipal Income Fund (FMHTX)
Fidelity® Minnesota Municipal Income Fund (FIMIX)
Fidelity® New Jersey Municipal Income Fund (FNJHX)
Fidelity® New York Municipal Income Fund (FTFMX)
Fidelity® Ohio Municipal Income Fund (FOHFX)
Fidelity® Pennsylvania Municipal Income Fund (FPXTX)

Fidelity Viewpoints®

Benefits of asset allocation funds

  • Asset class diversification
  • Disciplined, ongoing asset allocation
  • Managed to help meet your needs for income and growth potential

Why Fidelity asset allocation funds

  • Steadfast commitment to research and careful adherence to strategic goals and principles
  • Expert, integrated organization dedicated to multi-asset investing
  • 900+ research professionals located around the world

Fidelity’s asset allocation philosophy

Target Date
Fidelity Freedom® 2005 Fund (FFFVX)
Fidelity Freedom® 2010 Fund (FFFCX)
Fidelity Freedom® 2015 Fund (FFVFX)
Fidelity Freedom® 2020 Fund (FFFDX)
Fidelity Freedom® 2025 Fund (FFTWX)
Fidelity Freedom® 2030 Fund (FFFEX)
Fidelity Freedom® 2035 Fund (FFTHX)
Fidelity Freedom® 2040 Fund (FFFFX)
Fidelity Freedom® 2045 Fund (FFFGX)
Fidelity Freedom® 2050 Fund (FFFHX)
Fidelity Freedom® 2055 Fund (FDEEX)
Fidelity Freedom® 2060 Fund (FDKVX)
Fidelity Freedom® Income Fund (FFFAX)

Target Risk
Fidelity Asset Manager® 20% (FASIX)
Fidelity Asset Manager® 30% (FTANX)
Fidelity Asset Manager® 40% (FFANX)
Fidelity Asset Manager® 50% (FASMX)
Fidelity Asset Manager® 60% (FSANX)
Fidelity Asset Manager® 70% (FASGX)
Fidelity Asset Manager® 85% (FAMRX)

Income and Real Return Strategies
Fidelity® Strategic Income Fund (FSICX)
Fidelity® Strategic Dividend & Income® Fund (FSDIX)
Fidelity® Strategic Real Return Fund (FSRRX)

Balanced Allocation
Fidelity Asset Manager® 60% (FSANX)
Fidelity® Balanced Fund (FBALX)
Fidelity® Global Balanced Fund (FGBLX)
Fidelity® Global Strategies Fund (FDYSX)
Fidelity® Puritan® Fund (FPURX)

Income Replacement Funds
Fidelity Income Replacement 2018 Fund (FIRKX)
Fidelity Income Replacement 2020 Fund (FIRLX)
Fidelity Income Replacement 2022 Fund (FIRMX)
Fidelity Income Replacement 2024 Fund (FIRNX)
Fidelity Income Replacement 2026 Fund (FIROX)
Fidelity Income Replacement 2028 Fund (FIRPX)
Fidelity Income Replacement 2030 Fund (FIRQX)
Fidelity Income Replacement 2032 Fund (FIRRX)
Fidelity Income Replacement 2034 Fund (FIRSX)
Fidelity Income Replacement 2036 Fund (FIRUX)
Fidelity Income Replacement 2038 Fund (FIRVX)
Fidelity Income Replacement 2040 Fund (FIRWX)
Fidelity Income Replacement 2042 Fund (FIXRX)

Fidelity Viewpoints®

  • Time for a balanced portfolio?

    Our fund manager weighs in on reliability of the time-tested 60/40 mix of stocks and bonds in today’s markets.
  • Will your savings last?

    Aim to withdraw no more than 4%-5% from your savings annually in retirement.
  • Retirement math

    Four key guidelines to help you stay on track on your journey to retirement—your “someday.”
  • Global tug of war

    Developed markets look healthy, emerging markets look weak, says a Fidelity expert.

Benefits of index funds

  • Generally lower management fees
  • Potentially more tax-efficient
  • Reduced portfolio turnover

Why Fidelity index funds

  • 25+ years of experience managing index funds
  • 100+ no-transaction-fee4 index funds
  • Funds that track the most widely followed equity and fixed income indexes

Why Fidelity Index Funds

Domestic Stock

Spartan® 500 Index Fund

Spartan® Extended Market Index Fund

Spartan® Mid Cap Index Fund

Spartan® Small Cap Index Fund

Spartan® Total Market Index Fund

Fidelity® Nasdaq® Composite Index Fund (FNCMX)

International Stock

Spartan® International Index Fund

Spartan® Global ex US Index Fund

Spartan® Emerging Markets Index Fund

Speciality

Spartan® Real Estate Index Fund

Fidelity® Four-in-One Index Fund (FFNOX)

Bond

Spartan® U.S. Bond Index Fund

Spartan® Short-Term Treasury Bond Index Fund

Spartan® Intermediate Treasury Bond Index Fund

Spartan® Long-Term Treasury Bond Index Fund

Spartan® Inflation-Protected Bond Index Fund

Fidelity Viewpoints®

  • Look for better funds

    Lower-cost stock funds from the largest fund shops have produced above-average returns.
  • Shop smart

    Costs can vary dramatically among passive investments like ETFs and index funds.

Benefits of money market funds

  • Short maturities and minimal credit risk
  • Choice of either U.S. Treasury or government fund as the core position to handle trades and transactions in any type of account
  • Municipal funds potentially offer tax-exempt income for non-retirement accounts

How Fidelity is staying ahead of regulatory changes

Why Fidelity money market funds

  • Experience managing $400+ billion in assets for millions of customers
  • Emphasis on stability and safety as first priorities for investors' assets
  • Broad set of choices to suit retirement and non-retirement investing goals

How Fidelity manages money market funds

Treasury and Government Money Market
Fidelity® Government Money Market Fund (SPAXX)
Fidelity® Government Money Market Fund - Premium Class (FZCXX)
Fidelity® Government Cash Reserves (FDRXX)
Fidelity® Institutional Money Market Government Portfolio - Class I (FIGXX)
Fidelity® Institutional Money Market Government Portfolio - Institutional Class (FRGXX)
Fidelity® Institutional Money Market Treasury Only - Class I (FSIXX)
Fidelity® Institutional Money Market Treasury Only - Institutional Class (FRSXX)
Fidelity® Institutional Money Market Treasury Portfolio - Class I (FISXX)
Fidelity® Institutional Money Market Treasury Portfolio - Institutional Class (FRBXX)
Fidelity® Money Market Trust Retirement Government Money Market II Portfolio (FRTXX)
Fidelity® Money Market Trust Retirement Government Money Market Portfolio (FGMXX)
Fidelity® Treasury Money Market Fund (FZFXX)
Fidelity® Treasury Only Money Market Fund (FDLXX)

State Municipal Money Market
Retail Municipal

Fidelity® Arizona Municipal Money Market Fund (FSAXX)
Fidelity® California AMT Tax-Free Money Market Fund (FSPXX)
Fidelity® California AMT Tax-Free Money Market Fund - Institutional Class (FSBXX)
Fidelity® California Municipal Money Market Fund (FCFXX)
Fidelity® Connecticut Municipal Money Market Fund (FCMXX)
Fidelity® Massachusetts AMT Tax-Free Money Market Fund (FMSXX)
Fidelity Massachusetts AMT Tax-Free Money Market Fund - Institutional Class (FMAXX)
Fidelity® Massachusetts Municipal Money Market Fund (FDMXX)
Fidelity® Michigan Municipal Money Market Fund (FMIXX)
Fidelity® New Jersey AMT Tax-Free Money Market Fund (FSJXX)
Fidelity® New Jersey AMT Tax-Free Money Market Fund - Institutional Class (FSKXX)
Fidelity® New Jersey Municipal Money Market Fund (FNJXX)
Fidelity® New York AMT Tax-Free Money Market Fund (FSNXX)
Fidelity® New York AMT Tax-Free Money Market Fund - Institutional Class (FNKXX)
Fidelity® New York Municipal Money Market Fund (FNYXX)
Fidelity® Ohio Municipal Money Market Fund (FOMXX)
Fidelity® Pennsylvania Municipal Money Market Fund (FPTXX)

National Municipal Money Market
Retail Municipal

Fidelity® Institutional Money Market Tax Exempt - Class I (FTCXX)
Fidelity® Municipal Money Market Fund (FTEXX)
Fidelity® Tax-Exempt Money Market (FMOXX)
Fidelity® Tax-Exempt Money Market Fund - Premium Class (FZEXX)

General Purpose (Prime) Money Market
Retail Prime

Fidelity® Institutional Money Market - Money Market Portfolio - Class I (FMPXX)
Fidelity® Institutional Money Market - Money Market Portfolio - Institutional Class (FNSXX)
Fidelity® Money Market Fund (SPRXX)
Fidelity® Money Market Fund - Premium Class (FZDXX)

Institutional Prime
Fidelity® Institutional Money Market Prime Money Market Portfolio – CL I (FIDXX)
Fidelity® Institutional Money Market Prime Money Market Portfolio – Institutional CL (FIPXX)

Fidelity Viewpoints®

  • Money market update

    What to expect as we begin to adjust our funds in response to new SEC regulations.
  • Earn more from your cash

    Finding yield is a challenge, but possible. Here are ways to help get more from your cash.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information.  Read it carefully.

Past performance is no guarantee of future results.

Diversification and asset allocation do not ensure a profit or guarantee against loss.

* Fidelity's goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. With assets under administration of $5.2 trillion, including managed assets of $2.1 trillion as of April 30, 2015, we focus on meeting the unique needs of a diverse set of customers: helping more than 24 million people invest their own life savings, nearly 20,000 businesses manage employee benefit programs, as well as providing nearly 10,000 advisory firms with technology solutions to invest their own clients' money.
1. Source: Fidelity Investments as of 03/31/2015
2. Source: Fidelity Investments as of 03/31/2015
3. Highly rated funds are defined as those funds that have a 4- or 5-Star Morningstar rating. For each fund, Morningstar calculates a Morningstar RatingTM metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund’s load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Although gathered from reliable sources, data completeness and accuracy cannot be guaranteed by Morningstar.
4. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund's current prospectus. Fidelity Brokerage Services LLC, or its affiliates, may receive compensation in connection with the purchase and/or the ongoing maintenance of positions in certain mutual funds in your account. FBS may also receive compensation for such things as systems development necessary to establish a fund on its systems, a fund's attendance at events for FBS's clients and/or representatives, and opportunities for the fund to promote its products and services. This compensation may take the form of sales loads and 12b-1 fees described in the prospectus and/or additional compensation paid by the fund, its investment adviser or an affiliate. Fidelity reserves the right to change the funds available without transaction fees and reinstate the fees on any funds. Fidelity will charge a short term trading fee each time you sell or exchange shares of FundsNetwork No Transaction Fee (NTF) funds held less than 60 days (short-term trade).

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Sector funds can be more volatile because of their narrow concentration in a specific industry.

Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.

The securities of smaller, less well-known companies can be more volatile than those of larger companies.

Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies.

In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible.

Indexes are unmanaged. It is not possible to invest directly in an index.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
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Income & Real Return Strategy Funds

Fidelity Strategic Funds are multi-asset-class strategies that seek to address key income needs—bond income from global sources, non-bond income from dividend-paying securities, and real return to help protect against inflation—by investing in a diversified mix of fixed income and/or equity investments chosen for their historical combined performance.

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Income Replacement Funds

Fidelity Income Replacement FundsSM combine the power of professional asset management with professionally managed withdrawals to help turn part of your savings into regular monthly payments.*

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Target Risk Funds

For investors who want a fund that maintains a target asset allocation that reflects the tolerance for risk with which they are comfortable. Funds contain a professionally managed allocation of stocks, bonds, and short-term investments.

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Target Date Funds

Fidelity Freedom® Funds, also called target date funds, are all-in-one investment strategies that can help take the guesswork out of building and maintaining an age-based retirement portfolio.

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Balanced Allocation Funds

World allocation funds invest in a wide range of asset classes, giving the manager the flexibility to pursue investment opportunities anywhere around the globe.

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Corporate Bond Funds

These funds invest in bonds issued by corporations. The yields and risks are generally higher than those offered by government and most municipal bonds, and the income is subject to state and federal taxes.

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Diversified/Opportunistic Funds

These funds invest across a diverse range of fixed income sectors, including high yield securities, U.S. Government and investment-grade securities, emerging market securities and foreign developed market debt. Some funds may also invest a portion of the portfolio in equity securities.

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Government Funds

Government bond funds invest in bonds issued by the U.S. government and government-sponsored enterprises, as well as mortgage and other asset-backed securities.

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High Yield Bond Funds

High yield bond funds take higher risks with the goal of paying higher yields by investing primarily in securities that are either not rated, or have been rated below investment grade by the major ratings agencies—for taxable funds, BB and below.

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International Bond Funds

International bond funds invest in a range of taxable bonds issued by foreign governments and corporations.

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Mortgage Funds

These funds invest in securities backed by pools of mortgages issued by government agencies, banks, or other financial institutions.

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Municipal – National Bond Funds

Invest in municipal bonds issued by various state and local governments. The income from these bonds is generally free from federal taxes, although a portion may be subject to state and local taxes, as well as the federal alternative minimum tax (AMT).

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Municipal – State Bond Funds

Invest primarily in municipal bonds issued in a specific state. Each state-specific category includes long, intermediate, and short duration bond funds. The income from all state-specific funds is generally exempt from federal and state taxes.

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Short Duration Bond Funds

Short duration bond funds can help you manage the impact of interest rate changes on your portfolio. They can also offer higher yields in comparison to cash investments. Our short duration funds have an average duration that's typically less than five years, and offer varying yields and levels of credit risk.

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Diversifiers Funds

These specialized strategies pursue specific and sometimes narrower opportunities and can come with a higher potential risk/reward ratio. They are often used as diversifiers within a well-balanced portfolio.

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Go-Anywhere Funds

Unconstrained by Morningstar categories, these funds can cast a wider net and have the flexibility to seek the best ideas anywhere in the market—regardless of market capitalization or style. .

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Income-Oriented Funds

These funds invest in stocks that pay dividends in line with or higher than the broader market. This strategy, known as equity income investing, can be an attractive alternative to bond investing as it seeks to offer greater protection against inflation as well as potential for capital appreciation.

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Large Blend Funds

Primarily invest in companies with market values greater than $10 billion. These funds invest in a combination of growth- and value-oriented stocks.

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Large Growth Funds

Primarily invest in companies with market values greater than $10 billion that fund managers believe are poised for growth. Growth can be based on a variety of factors, such as revenue or earnings growth. Growth funds are typically focused on generating capital gains rather than income.

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Large Value Funds

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Small/Mid Blend Funds

Primarily invest in companies with market values below $10 billion. These funds invest in a combination of growth- and value-oriented stocks.

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Small/Mid Growth Funds

Primarily invest in companies with market values between $2 billion and $10 billion that fund managers believe are poised for growth. Growth can be based on a variety of factors, such as revenue or earnings growth. Growth funds are typically focused on generating capital gains rather than income.

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Small/Mid Value Funds

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Bond Index Funds

These funds seek to mirror the performance of an index such as the Barclays U.S. Aggregate Bond Index or the Barclays U.S. 1–5 Year Treasury Bond Index.

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Domestic Index Funds

These funds seek to mimic the performance of a major U.S. equity index, such as the S&P 500 or the Russell 2000 indexes.

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International Stock Index Funds

These funds seek to track the performance of well-known international equity indexes, such as the FTSE Emerging Index or the MSCI EAFE Index.

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Speciality Index Funds

These funds seek to track the performance of a narrow segment of the market such as precious metals. They can also employ a nontraditional investment approach like investing in a fund that tracks both equity and bond indexes.

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Core International Funds

Primarily invest in stocks issued by companies throughout the world, except for the U.S.

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Emerging Markets Funds

Focus on stocks issued by companies based in countries with less developed economies.

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Global Funds

Primarily invest in stocks issued by companies around the world, including the U.S.

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Regional & Single Country Funds

Focus on a particular country or area of the world, such as Europe, Asia-Pacific, or Latin America.

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National Municipal Money Market Funds

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General Purpose (Prime) Money Market Funds

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State Municipal Money Market Funds

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Treasury and Government Money Market Funds

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Consumer Discretionary Funds

Companies in the Consumer Discretionary sector manufacture goods or provide services that people want but, don't necessarily need, such as high-definition televisions, new cars, and family vacations.

Learn about consumer discretionary funds

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Consumer Staples Funds

The Consumer Staples sector consists of companies that provide goods and services that people use on a daily basis, like food, clothing, or other personal products.

Learn about consumer staples funds

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Energy Funds

The Energy sector consists of companies involved in the exploration, production, or management of energy resources such as oil, gas, and coal, as well as companies that service these industries.

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Financials Funds

Companies in the Financials sector are engaged in businesses such as banking and brokerage, mortgage finance, insurance, or real estate development.

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Health Care Funds

The Health Care sector includes companies engaged in the production and delivery of medicine and health care–related goods and services.

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Industrials Funds

The Industrials sector includes companies that manufacture and distribute capital goods in support of industries such as aerospace and defense, construction and engineering, and electrical equipment and heavy machinery.

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Information Technology Funds

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Materials Funds

The Materials sector consists of companies that are engaged in the manufacturing or processing of chemicals and plastics, the harvesting of forests, or the extraction of metals and minerals.

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Real Estate Funds

Real estate exposure can be obtained through a variety of different types of securities, including common stocks, bonds, preferred stocks, and securities of real estate investment trusts (REITs) and commercial mortgage backed securities (CMBs).

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Telecommunications Funds

Companies in the Telecommunications sector provide traditional fixed-line telephone, wireless, and data services. These companies can also be engaged in the designing, building, and servicing of communications devices and networks.

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Utilities Funds

The Utilities sector includes companies that engage in the production and delivery of electric power, natural gas, water, and other utility services, such as steam and cooled air.

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