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.
NAV / 1-Day Return
23.69 / 1.62 %
Adj. Expense Ratio
Longest Manager Tenure
Investment StyleLarge Growth
Min. Initial Investment
Morningstar’s Fund Analysis FDGRX
Will FDGRX outperform in future?
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