(PUB) Morningstar FundInvestor
June 2 014
Morningstar FundInvestor
23
Data through May 31, 2014 Fidelity Four-in-One Index
Ticker
Status Yield Total Assets
Mstar Category
FFNOX Open
1.7% $3,774 mil
Aggressive Allocation
Morningstar Analyst Rating 04-16-14
Investment Style Equity Stock %
Historical Profile Return Risk Rating Above Avg Average Above Avg
83% 80% 83% 83% 84% 84% 84% 84%
„
Manager Change Partial Manager Change
Morningstar Pillars Process Performance
13.0 16.0 19.0 22.6
Growth of $10,000
Positive Positive Positive Positive Positive
∞ ∞ ∞ ∞ ∞
Investment Values of Fund Investment Values of M* MdTgRk
People Parent Price
10.0
Performance Quartile (within Category) History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 05-14
Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ˇ ¨
22.80 28.25 5.77 -6.28 1.89 26.36
25.17 12.34 0.86 -3.56 1.85 10.49
26.34 6.47 -0.57 -3.69 1.79 4.68
29.52 15.43 2.48 -2.97 2.03 13.40
30.50
19.83
24.26 25.00 3.23 -7.00 2.50 22.50
27.00 13.66 1.33 -3.09 2.19 11.47
25.97 -1.39 -1.98 2.21 2.36 -3.75
29.21 15.10 3.06 -0.97 2.50 12.60
35.64 24.53 10.22
37.02 4.09 -0.07 -0.28 0.04 4.05
NAV
-32.62 6.16 -10.43 -2.47
Total Return % +/-M* MdTgRk
-3.03 2.24
4.52 2.06
0.00 2.12
+/-M* Agg Tg Risk Income Return % Capital Return % Total Rtn % Rank Cat
-34.68 3.92
22.41
32
19
38
30
42
12
68
54
17
23
19
29
Pillar Spectrum Positive ∞
0.34 0.00
0.42 0.02
0.45 0.01
0.53 0.33
0.66 0.18
0.63 0.11
0.50 0.03
0.53 0.04
0.64 0.02
0.65 0.02
0.62 0.11
0.02 0.06
Income $
§ Negative
¶ Neutral
Capital Gains $ Expense Ratio % Turnover Rate % Net Assets $mil
0.22 0.22 . . . . . . . . . . Income Ratio % 1.95 2.20 2.29
Performance 05-31-14 1st Qtr 2nd Qtr
1.87
1.76
1.90
1.90
2.03
2.24
2.65
2.42
2.00
3rd Qtr
4th Qtr
Total
18
7
3
3
1
8
21
26
19
16
13
9
2010 2011 2012 2013 2014
4.20 -9.89 11.65 8.41 13.66 4.63 0.80 -13.74 8.39 -1.39 10.55 -3.30 5.55 2.00 15.10 7.63 1.08 6.61 7.36 24.53 1.66 . . . .
477
795
1,071
1,488
2,003
1,461
2,094
2,288
2,200
2,395
3,446
3,774
Rating and Risk Time Load-Adj
Portfolio Analysis 04-30-14 Total Stocks:0
Morningstar
Morningstar Risk vs Cat
Morningstar Risk-Adj Rating
P/E
YTD % Net
Period Return % Rtn vs Cat
Share change since 03-31-14
Sectors
Ratio Return % Assets
1 Yr 3 Yr 5 Yr
17.07 11.20 14.87
Trailing
Total
+/- M*
+/- M* %Rank Growth of
Fidelity Spartanfi 500 Index Inv Fidelity Spartanfi International Idx Inv Fidelity Spartanfi US Bond Idx Investor Fidelity Spartanfi Extended Mkt Index Inv Fidelity Spartanfi Extended Mkt Index Inv
4.92 48.11 3.88 25.19 3.85 15.03 1.62 11.67
. . . .
Return% MdTgRk Agg Tg Risk
Cat
$10,000
+Avg +Avg +Avg
Avg Avg Avg
3 Mo 6 Mo 1 Yr
2.54 0.08 6.08 0.89 17.07 5.16 11.20 2.99 14.87 3.18 7.35 -0.15
-0.38 -0.21 -0.22 0.73 -0.93 -1.20
31 10,254 28 10,608 16 11,707 10 13,750 18 20,000
10 Yr Incept
7.35 4.98
11.67
. .
3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg
Other Measures
Standard Index
Best Fit Index MSCI World
M* MdTgRk
30 20,325 . . . . . Tax Analysis Tax-Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat
Alpha
0.0
2.2
Beta
1.38
0.82
Date of Maturity
Amount
Value % Net $000 Assets
R-Squared
98
99
Total Fixed-Income:0
$000
3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)
10.27 13.96
9
0.84 0.80 0.80
67 70 51
Standard Deviation
11.46 11.20
18 23
Mean
6.50
Sharpe Ratio
0.98
Potential Capital Gain Exposure: 26% of assets
Morningstar’s Take by Janet Yang, CFA 04-16-14 Fidelity Four-in-One Index remains fairly straightforward, though it still has some nuance. This fund’s name reveals much about its composition: Portfolio managers Andrew Dierdorf and Chris Sharpe essentially combine four index-based funds--two domestic equity-based funds that cover the full market-cap spectrum in the United States, one that covers international developed markets, and a domestic fixed-income fund--into a single investment. This results in a very well-diversified portfolio of more than 4,000 stocks and 1,000 bonds, so no single company will have an outsize effect on results. The fund still has its subtleties. For instance, its target 85% allocation to equities is generally about 5 percentage points higher than its typical aggressive allocation peer’s. Its allocation to international stocks--about 25% of the portfolio versus the group average of roughly 20%, also adds to the fund’s somewhat bolder bent. In the last one-, three-, five-, and 10-year periods through the end of March 2013, stocks have soundly outpaced bonds, fueling the fund’s
strong relative results over those spans. And while domestic equities have fared better than their international counterparts over those time periods, non-U.S. stocks have still had a solid edge over fixed-income investments. In generally rising markets, which those trailing periods represent, this fund should perform well. In exchange, however, investors should expect less protection when markets falter. In the last 10 years, for example, the fund outpaced its typical peer in almost 80% of up markets but only 35% of down markets. Meanwhile, the fund’s rock-bottom fees provide a built-in advantage that stands no matter the market environment. Its 0.22% expense ratio undercuts the typical aggressive-allocation fund by nearly a full percentage point--only two other funds in the group have lower net expense ratios. For investors looking for a more aggressive all-in-one option, this fund is hard to beat.
Equity Style
Fixed-Income Style Duration: Moderate Quality: High Avg Eff Duration Avg Eff Maturity Avg Credit Quality Avg Wtd Coupon 1
Style: Blend Size: Large-Cap Value Measures Price/Earnings Price/Book Price/Sales Price/Cash Flow Dividend Yield % Growth Measures Long-Term Erngs Book Value Sales Cash Flow Historical Erngs
5.3 Yrs
Rel Category
. AA
16.22 1.97 1.30 6.95 2.33 10.38 -3.33 -10.95
1.11 1.05 1.08 1.03 1.01 0.97 NMF NMF NMF NMF
3.29%
figure provided by fund as of 04-30-14 1
Sector Weightings
% of Stocks
Rel M* MdTgRk High
3 Year Low
% Rel Category
Cyclical 36.84 0.95 BasicMat 5.17 0.87 . . CnsmrCyc11.38 1.00 . . FinanSvs 16.97 0.96 . . Real Est 3.32 0.87 . . Sensitive 38.43 1.00 CommSrvs 4.17 1.06 . . Energy 8.75 0.98 . . Industrl 12.10 0.98 . . Technlgy 13.41 1.02 . . Defensive24.72 1.08 CnsmrDef 9.48 1.12 . . Hlthcare 12.02 1.19 . . Utilities 3.22 0.77 . .
h r t y u j i o p a k s d f
-5.84 -2.52
Market Cap % Giant 45.5 Large 31.9 Mid 16.4
Small Micro
4.4 1.8
Avg $mil:
37,409
Address:
Fidelity Oxford Street Trust Boston, MA 02109 800-544-8544
Minimum Purchase: Min Auto Inv Plan:
$2500 $2500
Add: $0 IRA: $500
Composition - Net
Add: $200
Cash 2.1 Stocks 83.5 Bonds 14.2 Other 0.1 Foreign 30.7
Sales Fees:
No-load 0.10%
Web Address: Inception: Advisor: Subadvisor: NTF Plans:
www.fidelity.com
Management Fee:
06-29-99
Actual Fees:
Mgt:0.10% Dist: .
Strategic Advisers, Inc.
Expense Projections: Income Distribution:
3Yr:$75
5Yr:$133 10Yr:$303
None
Semi-Annually
(% of Stock)
Fidelity Retail-NTF, CommonWealth NTF
Mutual Funds ß ®
© 2014Morningstar, Inc.All rights reserved. The information herein isnot representedorwarranted to be accurate, correct, complete or timely. Pastperformance isnoguarantee of future results.Access updated reports at To order reprints, call 312-696-6100. mfb.morningstar.com.
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