0000035402 2022-03-01 2022-03-01 0000035402 gqj:D1231FidelityTrendFundPRO09Member gqj:S000007496Member 2022-03-01 2022-03-01 0000035402 gqj:D1231FidelityTrendFundPRO09Member gqj:S000007496Member gqj:C000020470Member 2022-03-01 2022-03-01 0000035402 gqj:D1231FidelityTrendFundPRO09Member gqj:S000007496Member gqj:ReturnBeforeTaxesMember gqj:C000020470Member 2022-03-01 2022-03-01 0000035402 gqj:D1231FidelityTrendFundPRO09Member gqj:S000007496Member rr:AfterTaxesOnDistributionsMember gqj:C000020470Member 2022-03-01 2022-03-01 0000035402 gqj:D1231FidelityTrendFundPRO09Member gqj:S000007496Member rr:AfterTaxesOnDistributionsAndSalesMember gqj:C000020470Member 2022-03-01 2022-03-01 0000035402 gqj:D1231FidelityTrendFundPRO09Member gqj:S000007496Member gqj:IndexRS004Member 2022-03-01 2022-03-01 iso4217:USD pure 485BPOS 2021-12-31 false 0000035402 N-1A 0.1864 0.3492 0.1252 0.0532 0.0457 0.2942 -0.0296 0.3588 0.4700 0.2286 FIDELITY TREND FUND Fund Summary Fund:Fidelity® Trend Fund Investment Objective The fund seeks growth of capital. Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees 0 Annual Operating Expenses (expenses that you pay each year as a % of the value of your investment) 0.0056 0 0.0017 0.0073 This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: 75 233 406 906 Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 28% of the average value of its portfolio. 0.28 Principal Investment Strategies Normally investing primarily in common stocks. Investing in companies that Fidelity Management & Research Company LLC (FMR) believes have above-average growth potential (stocks of these companies are often called "growth" stocks). Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Principal Investment Risks Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments. Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. "Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. Performance The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for more recent performance information. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. Past performance (before and after taxes) is not an indication of future performance. www.fidelity.com Year-by-Year Returns Highest Quarter Return 0.2887 2020-06-30 Lowest Quarter Return -0.1739 2018-12-31 Average Annual Returns After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. Return Before Taxes 0.2286 0.2525 0.1985 Return After Taxes on Distributions 0.2054 0.2276 0.1732 Return After Taxes on Distributions and Sale of Fund Shares 0.1494 0.1994 0.1580 Russell 1000® Growth Index 0.2760 0.2532 0.1979