If you have been looking for Large Cap Growth funds, a place to start could be Fidelity OTC Portfolio K (FOCKX Quick QuoteFOCKX - Free Report) . FOCKX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.

Objective

FOCKX is classified in the Large Cap Growth segment by Zacks, an area full of possibilities. Companies are usually considered to be large-cap if their stock market valuation is more than $10 billion. Large Cap Growth mutual funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers.

History of Fund/Manager

FOCKX finds itself in the Fidelity family, based out of Boston, MA. The Fidelity OTC Portfolio K made its debut in May of 2008 and FOCKX has managed to accumulate roughly $7.27 billion in assets, as of the most recently available information. The fund is currently managed by Christopher Lin who has been in charge of the fund since September of 2017.

Performance

Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 26.77%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 22.6%, which places it in the top third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. FOCKX's standard deviation over the past three years is 21.49% compared to the category average of 17.61%. Over the past 5 years, the standard deviation of the fund is 18.05% compared to the category average of 14.75%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. FOCKX has a 5-year beta of 1.1, which means it is likely to be more volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. FOCKX has generated a positive alpha over the past five years of 8.2, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.

Currently, this mutual fund is holding 93.16% stock in stocks, with an average market capitalization of $438.56 billion. The fund has the heaviest exposure to the following market sectors:

1. Technology
2. Retail Trade

With turnover at about 48%, this fund is making fewer trades than the average comparable fund.

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FOCKX is a no load fund. It has an expense ratio of 0.78% compared to the category average of 1.03%. So, FOCKX is actually cheaper than its peers from a cost perspective.

Investors should also note that the minimum initial investment for the product is $0 and that each subsequent investment has no minimum amount.

Bottom Line

Overall, Fidelity OTC Portfolio K ( FOCKX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.

Don't stop here for your research on Large Cap Growth funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare FOCKX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.