Fund Description

The fund invests primarily in common stocks of domestic and foreign issuers that Fidelity Management & Research Company LLC believes have above-average growth potential. It uses fundamental analysis of an issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund invests primarily in securities of growth companies, as determined by the adviser using factors such as third-party growth classifications, above-median projected or trailing earnings per share growth, sales growth per share or free cash flow growth, research and development expenses exceeding sales, general and administrative expenses, or raising capital to grow, fund or expand its business.