All posts from Zacks
Zacks in Our Research. Your Success.,

Quick Guide to Fidelity Blue Chip Growth Fund (FBGRX)

Fidelity Blue Chip Growth (FBGRX) a Zacks Ranked #2 (Buy) was incepted in December 1987 and is managed by Fidelity Group. The objective of FBGRX is to seek long term capital growth. FBGRX invests primarily in common stocks of well-known and established companies. FBGRX invests in securities of domestic and foreign issuers. FBGRX 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). FBGRX invests in companies that the management believes have above-average growth potential.

This Large Growth product, as of the last filing, allocates their fund in two major groups; Large Growth and Small Growth. Further, as of the last filing, Alphabet Inc, Inc and Facebook Inc were the top holdings for FBGRX.

Fidelity Blue Chip Growth, managed by Fidelity, carries an expense ratio of 0.88%. Moreover, FBGRX requires a minimal initial investment of $2,500.

FBGRX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 14.21% and 5 year 11.97%. 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 52% in 1 year, top 3% over the past 3 years, and in the 7% over the past 5 years.

Zacks Premium

To see the Zacks Mutual Fund Rank for the funds you’re interested in —plus, gain access to the Zacks Rank for your stocks and ETFs; Premium Screens; Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more— start your 30-day free trial to Zacks Premium.

View All Zacks #1 Ranked Mutual Funds
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (FBGRX): Fund Analysis Report
To read this article on click here.
Zacks Investment Research