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Time to Buy Fidelity Growth & Income K Fund (FGIKX)

Fidelity Growth & Income K Fund FGIKX seeks to provide increased returns by appreciation of both current income and capital. FGIKX typically invests the lion’s share of its assets in common stocks which provide current dividends have a potential for growth of capital. FGIKX might also invest in bonds and stocks which do not pay out current dividends, however, have a potential for growth of both future income as well as capital.

This Large Blend producthas a history of positive total returns for over 10 years.  Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 9% and 5 year 13.3%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.  

FGIKX’s performance, as of the last filing, when compared to funds in its category was in the top 36% over the past 1 year, and in the top 40% over the past 3 years and in the top 27% over the past 5 years.

The Fidelity Growth & Income K Fund, as of the last filing, allocates their fund in top two major groups; Large Value and Large Growth. Further, as of the last filing, Microsoft Corp, JPMorgan Chase & Co and Bank of America Corporation were the top holdings for FGIKX.

This Zacks Rank #2 (Buy) was incepted in May 2008 and is managed by Fidelity. FGIKX carries an expense ratio of 0.52% and requires a minimal initial investment of $0.

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