Fidelity Blue Chip Growth Fund ( FBGRX ) seeks long term capital growth. FBGRX invests primarily in common stocks of well-known and established companies. It invests in securities of domestic and foreign issuers. The fund normally invests at least 80% of assets in blue chip companies whose stock is included in the Standard & Poor's 500 Index (S&P 500), the Dow Jones Industrial Average (DJIA) and companies with market capitalizations of at least $1 billion (if not included in either index). It invests in companies that the management believes have above-average growth potential.
This Large Growth product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 12.8% and 5 year 17.8%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
FBGRX's performance, as of the last filing, when compared to funds in its category was in the top 3% over the past 1 year, and in the top 3% over the past 3 years and in the top 1% over the past 5 years.
Fidelity Blue Chip Growth Fund, as of the last filing, allocates its fund in three markets: Large Growth, Emerging Market and Small Value. Further, as of the last filing, Alphabet Inc, Apple Inc and Amazon.Com Inc were the top holdings for FBGRX.
This Zacks Rank #1 (Strong Buy) was incepted in December 1987 and is managed by Fidelity . FBGRX carries an expense ratio of 0.82% and requires a minimal initial investment of $2,500.
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