Overview of Fidelity Growth Strategies Fund (FDEGX)

FDEGX

Fidelity Growth Strategies (FDEGX - Free Report) a Zacks Rank #2 (Buy) seek capital appreciation. FDEGX invests primarily in common stocks of domestic and foreign issuers that the management believes offer potential for accelerated earnings or revenue growth.

This All Cap Growth fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Growth and Large Value. Further, as of the last filing, TOTAL SYSTEM SERVICES INC, CITIZENS FINANCIAL GROUP and EQUIFAX INC were the top holdings for FDEGX.

The Fidelity Growth Strategies fund, managed by Fidelity, carries an expense ratio of 0.94%. Moreover, FDEGX requires a minimal initial investment of $2,500.

FDEGX has a history of positive total returns for over 10 years.  Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 10.31%,  3 year 9.18% and 5 year 14.6%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here

FDEGX’s performance, as of the last filing, when compared to funds in its category was in the top 48% over the past 5 years.

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