Time to Fidelity Blue Chip Growth Fund K (FBGKX) – Nasdaq

This post was originally published on this site

Shutterstock photo

Fidelity Blue Chip Growth Fund K ( FBGKX ) seeks capital appreciation for the long run. FBGKX invests the lion’s share of its assets in blue chip companies. The fund invests in companies which are believed to have above-average growth potential. The fund invests in securities of U.S. as well as non-U.S. issuers.

This Large Growth product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 12.9% and 5 year 18%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

FBGKX’s performance, as of the last filing, when compared to funds in its category was in the top 2% over the past 1 year, and in the top 3% over the past 3 years and in the top 1% over the past 5 years.

Fidelity Blue Chip Growth Fund K, as of the last filing, allocates its fund in three markets: Large Growth, Emerging Market and Small Value. Further, as of the last filing, Alphabet Inc, Apple Inc and Amazon.Com Inc were the top holdings for FBGKX.

This Zacks Rank #1 (Strong Buy) was incepted in May 2008 and is managed by Fidelity . FBGKX carries an expense ratio of 0.70% and requires a minimal initial investment of $0.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>

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 (FBGKX): Fund Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.