That Fidelity fund charges a management fee of .75%. You will not see that as it gets taken off the top (like all mutual funds). That fund then invest in:
Fidelity Growth and Income Portfolio: 9.83% of your money
Fidelity Equity Income: 9.20% of your portfolio.
Etc.
http://personal.fidelity.com/product...html?315792663
Each of those funds charges between .5% and 1.5% of fund assets as a management fee. You could invest in those funds yourself and cut out the .75% management fee. Thats why I said to be careful. Fidelity loves those funds cause essentially its free money for them.