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Why Fidelity Growth & Income Fund (FGRIX) Worth A Look?

Fidelity Growth & Income Fund FGRIX seeks high total return through a combination of current income and capital appreciation. The management invests a majority of assets in common stocks with a focus on those that pay current dividends and show potential for capital appreciation. FGRIX also invests in bonds, including lower-quality debt securities, as well as stocks that are not currently paying dividends, but offer prospects for future income or capital appreciation.

This Large Cap Blend 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 8.9% and 5 year 13.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.  

FGRIX’s performance, as of the last filing, when compared to funds in its category was in the top 38% over the past 1 year, and in the top 43% over the past 3 years and in the top 30% over the past 5 years.           

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

This Zacks Rank #2 (Buy) was incepted in December 1985 and is managed by Fidelity. FGRIX carries an expense ratio of 0.63% and requires a minimal initial investment of $2,500.

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