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Fidelity® Blue Chip Growth FBGRX

Analyst rating as of
NAV / 1-Day Return
115.99  /  2.99 %
Total Assets
39.4 Bil
Adj. Expense Ratio
0.760%
Expense Ratio
0.760%
Fee Level
Average
Longest Manager Tenure
13.25 years
Category
Large Growth
Investment Style
Large Growth
Min. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
41%

Morningstar’s Fund Analysis FBGRX

Will FBGRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Fidelity Blue Chip Growth’s High-Growth Exposure Has Hurt In 2022

Analyst Note

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Fidelity Blue Chip Growth’s exposure to companies with paltry current earnings, relatively high price multiples, and rapid growth expectations has inflicted heavy losses during the global equity market sell-off that began near 2022’s start. For the year to date through May 7, 2022, the mutual fund's no-load share class slid 27.3%, a bottom-quartile result within the large-growth Morningstar Category that was roughly 6 percentage points worse than the Russell 1000 Growth Index’s decline. That underperformance, while disappointing, is mostly in line with what investors should expect from the strategy, given its style, typical exposure to companies with high volatility, and an unfavorable macroeconomic backdrop.

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