1. FLPSX - Fidelity Low Priced Stock         This is our favorite Fidelity Mutual Fund.  The average valuation of its holdings is very low compared to the market in general.  The average price-to-sales ratio is just above 1, average price-to-book ratio just over 2, and average PE approximately 18.  The average market cap is under $1 billion, with an average price-to-cashflow under 9 which is about as low as you will find. This value oriented fund has been a consistent performer.  It is overweight in the consumer services sector.

2. FDVLX - Fidelity Value Fund         This mutual fund has similarly low average valuations as the Low-Priced Stock Fund but with a heavier weighting towards the industrial materials and energy-utility sectors.  Also the average market cap is just above $3 billion.

3. FDSCX - Fidelity Small Cap Independence Fund         A growth-oriented mutual fund with its average holding having a market cap under $600 million, price-to-sales ratio of approximately 1.7, price-to-book approximately 2.4, and a PE of about 22. It is more heavily weighted towards the healthcare,  and consumer & financial services sectors, while being underweight in the telecom and software sectors.

4. FSEMX - Fidelity Spartan Extended-Market Index         This is an alternative to Fidelity's Spartan 500 Fund or other large-cap funds.  This mutual fund seeks to track the performance of the Wilshire 4500 (these are the 4500 smaller stocks of the Wilshire 5000 index; WILSHIRE 5000 minus S&P 500 = WILSHIRE 4500).  It has a very low expense ratio. Small Cap Stocks are likely to outperform large caps over the next couple of years.