Morningstar

Fidelity Growth Company Fund - Class K FGCKX Fund Analysis

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Morningstar’s Analysis FGCKX

Will FGCKX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FGCKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FGCKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FGCKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Exemplary leadership, decades of outperformance, and a watchful eye on Nvidia.

Principal Robby Greengold

Robby Greengold

Principal

Summary

Fidelity Growth Company’s long-term success owes much to the stock-picking prowess of manager Steve Wymer—and especially to his early embrace of Nvidia, whose extraordinary ascent in recent years has made it a defining force in the portfolio. With fees ranging from 0.45% to 0.55% of assets—some of the lowest price tags for an actively managed fund in the large-growth Morningstar Category—the strategy remains one of that group’s most compelling options. Two share classes have performance-based mechanisms that recently pushed down their net expense ratios.

by Robby Greengold
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