Fidelity Blue Chip Growth Fund Q4 2024 Commentary
2025-02-05 09:10:00 ET
Summary
- The fund's Retail Class shares gained 9.12% this quarter, outperforming the Russell 1000® Growth Index's 7.07% gain, driven by strong U.S. large-cap growth stocks.
- Key contributors included Marvell Technology and AppLovin, while underweights in Tesla and Broadcom detracted from relative performance.
- The fund's largest investments are in information technology and consumer discretionary sectors, with significant overweights in Nvidia, Alphabet, and Facebook parent Platforms.
- Looking ahead to 2025, the fund remains focused on companies with competitive advantages, pricing power, and strong management, despite geopolitical and economic risks.
PERFORMANCE SUMMARY
Cumulative |
Annualized |
|||||
3 Month |
YTD |
1 Year |
3 Year |
5 Year |
10 Year/ LOF 1 |
|
Fidelity Blue Chip Growth Fund ( FBGRX ) Gross Expense Ratio: 0.47% 2 |
9.12% |
39.70% |
39.70% |
10.19% |
21.64% |
18.10% |
Russell 1000 Growth Index |
7.07% |
33.36% |
33.36% |
10.47% |
18.96% |
16.78% |
Morningstar Fund Large Growth |
5.39% |
28.96% |
28.96% |
6.74% |
15.42% |
14.02% |
% Rank in Morningstar Category (1% = Best) |
-- |
-- |
7% |
15% |
3% |
3% |
# of Funds in Morningstar Category |
-- |
-- |
1,088 |
1,020 |
952 |
748 |
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Fidelity Blue Chip Growth Fund Q4 2024 Commentary