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Fidelity® Growth Company FDGRX

Analyst rating as of
NAV / 1-Day Return
26.19  /  4.22 %
Total Assets
47.9 Bil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Average
Longest Manager Tenure
25.37 years
Category
Large Growth
Investment Style
Large Growth
Min. Initial Investment
0
Status
Limited
TTM Yield
0.00%
Turnover
16%
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Morningstar’s Analysis

Will FDGRX outperform in future?

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

Fidelity Growth Company’s High-Growth Exposure Has Hurt in 2022

Analyst Note

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Fidelity Growth Company’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 selloff that began near 2022’s start. For the year to date through May 7, 2022, the mutual fund's no-load share class slid 25.7%, 4.4 percentage points worse than the Russell 1000 Growth Index’s decline and behind most peers in the large-growth Morningstar Category. 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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