Fidelity Growth Company (FDGRX)
As actively managed fund, this Fidelity Growth Company fund seeks capital appreciation. This stock fund invests mainly in companies’ common stocks with above-average growth potential. The fund may invest in domestic and foreign companies.
Fidelity Growth Company |
- Fund Inception Date: 01/17/1983
- Ticker Symbol: FDGRX
- CUSIP: 316200104
- Beta (3yr): 1.00
- Rank in category (YTD): 8%
- Category: Large Growth
- Distribution: 0.00%
- Capital Gains: 0%
- Expense Ratio: 0.89%
- Net Assets: $ 38.53 billion
- Number of Years Up: 20 years
- Number of Years Down: 7 years
- Average Duration: 20 years
- Average Maturity: 7 years
- Annual Turnover Rate: 36%
The current fund manager is Steven S Wymer. Wymer has been a portfolio manager in Fidelity since 1990 and he started managing this FDGRX fund in January 1997. This fund is categorized as Large Growth domestic stock fund. The fund has a dividend yield of 0.00%. The total net assets of this Fidelity fund are $38.53 billion. The annual holdings turnover of this fund as of November 2011 is 36.00%. The annual expense ratio is 0.89%. The average expense ratio in Large Growth category is 1.31%.
Since its inception in January 1983, this fund has recorded 20 years of positive return with the best return in 1999 (79.48%). And the worst return within the 7 years of negative performance was in 2008 (-40.90%). Morningstar gave this fund 5-star rating for its performance. The performance of this fund based on load adjusted return is:
- 1-year: 12.34%
- 3-year: 18.00%
- 5-year: 5.49%
- 10-year: 6.35%
This FDGRX fund has a total of 310 holdings as of September 30, 2011. The top 10 holdings are Apple Inc, Exxon Mobil Corp, Salesforce.com Inc, Google Inc A, Red Hat Inc, Discover Financial Services, Pharmasset Inc, Lululemon Athletica Inc, Amazon.com Inc and Herbalife Ltd. These 10 companies represent 26.34% of the total portfolio. United States remain the top country diversification of this fund with the allocation of 92.69% of the total assets. The major market sectors are Information Technology (33.60%), Health Care (15.91%), Consumer Discretionary (15.43%), Energy (10.32%) and Consumer Staples (10.01%).
The principal risks of investing in this growth stock fund is Stock Market Volatility Risk, Foreign Exposure Risk, Issuer-Specific Changes, and Growth Investing style risk.
Pros:
- Low expense ratio fee
- Good performance record
- Limited to new investors
Disclosure: No Position
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