Fidelity Trend Fund 

The fund primarily allocates its capital to equity securities, specifically common stocks. Its investment approach focuses on identifying companies that the adviser believes exhibit substantial potential for future expansion and earnings growth, often referred to as "growth" companies. To pinpoint these opportunities, the fund employs a comprehensive fundamental analysis, carefully evaluating factors such as each issuer's financial robustness, its competitive position within its sector, and the prevailing market and broader economic environments.