$RUBY

The Fidelity Small Cap Growth Fund's Q4 2025 commentary highlights strong performance driven by a diverse portfolio and strategic sector allocations. The fund reported impressive returns, especially in technology and healthcare stocks. Concerns over inflationary pressures were addressed, with the fund managers confident in their investment strategies. Additionally, the commentary suggested increased volatility in the small-cap sector, yet growth opportunities remain abundant. Overall, the outlook for small-cap stocks continues to be optimistic despite short-term challenges.