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Is Fidelity Growth Company K (FGCKX) a Strong Mutual Fund Pick Right Now?
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Looking for a Mutual Fund Equity Report fund? You may want to consider Fidelity Growth Company K (FGCKX - Free Report) as a possible option. FGCKX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
Fidelity is based in Boston, MA, and is the manager of FGCKX. Fidelity Growth Company K debuted in May of 2008. Since then, FGCKX has accumulated assets of about $7.20 billion, according to the most recently available information. Steven S. Wymer is the fund's current manager and has held that role since May of 2008.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 12.8%, and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 14.9%, 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. FGCKX's standard deviation over the past three years is 27.37% compared to the category average of 20.82%. The standard deviation of the fund over the past 5 years is 24.17% compared to the category average of 18.14%. 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. FGCKX has a 5-year beta of 1.18, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. FGCKX has generated a positive alpha over the past five years of 2.14, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, FGCKX is a no load fund. It has an expense ratio of 0.79% compared to the category average of 0.99%. So, FGCKX is actually cheaper than its peers from a cost perspective.
Investors should also note, that according to our data, the fund does not have any minimum investment requirements.
Bottom Line
Overall, Fidelity Growth Company K ( FGCKX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, Fidelity Growth Company K ( FGCKX ) looks like a somewhat average choice for investors right now.
For additional information on the Mutual Fund Equity Report area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into FGCKX too for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.
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Is Fidelity Growth Company K (FGCKX) a Strong Mutual Fund Pick Right Now?
Looking for a Mutual Fund Equity Report fund? You may want to consider Fidelity Growth Company K (FGCKX - Free Report) as a possible option. FGCKX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
Fidelity is based in Boston, MA, and is the manager of FGCKX. Fidelity Growth Company K debuted in May of 2008. Since then, FGCKX has accumulated assets of about $7.20 billion, according to the most recently available information. Steven S. Wymer is the fund's current manager and has held that role since May of 2008.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 12.8%, and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 14.9%, 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. FGCKX's standard deviation over the past three years is 27.37% compared to the category average of 20.82%. The standard deviation of the fund over the past 5 years is 24.17% compared to the category average of 18.14%. 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. FGCKX has a 5-year beta of 1.18, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. FGCKX has generated a positive alpha over the past five years of 2.14, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, FGCKX is a no load fund. It has an expense ratio of 0.79% compared to the category average of 0.99%. So, FGCKX is actually cheaper than its peers from a cost perspective.
Investors should also note, that according to our data, the fund does not have any minimum investment requirements.
Bottom Line
Overall, Fidelity Growth Company K ( FGCKX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, Fidelity Growth Company K ( FGCKX ) looks like a somewhat average choice for investors right now.
For additional information on the Mutual Fund Equity Report area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into FGCKX too for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.