Quick Guide to Fidelity Blue Chip Growth (FBGRX) Fund – Tale of the Tape

Zacks

Fidelity Blue Chip Growth (FBGRX) a Zacks Ranked #1 (Strong Buy) seeks long term capital appreciation. FBGRX invests a large portion of its assets in blue chip companies whose stock is included in the Standard & Poor's 500 Index, the Dow Jones Industrial Average and companies with market capitalizations of at least $1 billion. Fidelity Blue Chip Growth invests in companies that the management believes have above-average growth potential. FBGRX uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments. FBGRX offers dividends and capital gains twice a year in September and December.

This Large Growth fund, as of the last filing, allocates their fund in two major groups; Large Growth, Small Growth. Further, as of the last filing, Apple Inc, Amazon.com Inc and Google Inc were the top holdings for FBGRX.

The Fidelity Blue Chip Growth fund, managed by Fidelity, carries an expense ratio of 0.80, but it does come with a 0.62% management fee. Moreover, FBGRX requires a minimal initial investment of $2,500.

FBGRX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 18.66%, 3 year 18.79%, and 5 year 16.98%. To see how this fund performed compared in its category, please click here.

FBGRX’s performance, as of the last filing, when compared to funds in its category was in the top 3% in 1 year, top 4% over the past 3 years, and in the 3% over the past 5 years.

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