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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, Amazon.com 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.

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