Fidelity Growth Company K Fund Overview and Analysis

The Fidelity Growth Company K Fund is a type of index fund that aims to track the performance of the Russell 2000 Index, which is a benchmark for small-cap stocks in the US market.

The fund has a long history, having been established in 1989, and has undergone several changes over the years to better reflect the characteristics of the Russell 2000 Index.

The fund's investment objective is to provide long-term growth of capital, making it a suitable option for investors with a medium to long-term investment horizon.

The fund has a relatively low expense ratio of 0.04%, which is lower than many other actively managed funds in the market.

Fidelity Growth Company K has a portfolio turnover rate of 18%, which is lower than the average portfolio turnover of 45% for the Large Growth category.

The expense ratio of Fidelity Growth Company K is 0.45%, which is 54% lower than its category average, earning it an expense ratio grade of A.

The fund returned 1.4% in January 2025, earning it a grade of F, as the Large Growth category had an average return of 3.4%.

Here are the average annual total returns for Fidelity Growth Company K:

Fidelity Growth Company K is an actively managed fund that was launched by Fidelity Investments in 2008. It's a U.S. Equity Large Growth fund that aims to provide capital appreciation.

The fund primarily invests in common stocks, focusing on companies with above-average growth potential. This means it's often invested in growth stocks.

Fidelity Growth Company K is a non-diversified fund, which means it can invest a larger portion of its assets in a single issuer.

Fidelity Growth Company K is an actively managed fund launched by Fidelity Investments in 2008. It's designed to provide capital appreciation through investments in common stocks.

The fund focuses on companies with above-average growth potential, often referred to as "growth" stocks. This means the advisor uses fundamental analysis to select investments that have a strong financial condition and industry position.

The fund is non-diversified, meaning it can invest in a smaller number of stocks, which can increase its risk. However, this also allows the advisor to focus on a specific set of companies with high growth potential.

Here's a breakdown of the fund's top 10 holdings as of November 30, 2024:

Fidelity Growth Company K has a minimum investment requirement of $2,500, making it accessible to a wide range of investors.

The fund's expense ratio is 0.47%, which is relatively low compared to other funds in its category.

Investors can purchase shares of the fund through a brokerage account or directly through Fidelity's website or mobile app.

The cumulative total returns of an investment are a crucial metric to understand its performance over time.

To give you a clear picture, let's break down the cumulative total returns into different periods. The one-month return is {{cumTotalReturnAtNav.oneMonthReturn | naCheckPercentPlusMinus:2}}, while the three-month return is {{cumTotalReturnAtNav.threeMonthReturn | naCheckPercentPlusMinus:2}}.

The six-month return is {{cumTotalReturnAtNav.sixMonthReturn | naCheckPercentPlusMinus:2}}, and the one-year return is {{cumTotalReturnAtNav.oneYearReturn | naCheckPercentPlusMinus:2}}.

Here's a summary of the cumulative total returns for different periods:

The cumulative total returns with sales charge are slightly lower, with the one-month return being {{loadAfterTaxQuarterAtNav.oneMonthReturn | naCheckPercentPlusMinus:2}}.

The fund's valuation characteristics can provide valuable insights into its performance and risk profile.

The fund's asset coverage is a key metric to watch, with a coverage of {{ characteristic.fundSecuritiesCoverage.assetCoveragePercent }}%. This means that the fund has a high level of liquidity and can meet its short-term obligations.

Securities coverage is another important aspect of valuation characteristics. The fund has securities covered, which is a good sign, but it's worth noting that this metric is not always available.

Here are some key valuation characteristics to keep an eye on:

As you consider investing in a fund, it's essential to understand the current pricing. The Net Asset Value (NAV) is a key metric to keep an eye on, which is currently at {{price.displayNav | checkDollar}} as of {{price.navDate | replaceByGivenString:'-':'/'}}.

The NAV is a snapshot of the fund's total assets minus liabilities, divided by the number of outstanding shares. You can track the fund's performance over time by looking at the 12-month low-high range, which is currently between {{fundDetails.priceStatistics.displayTwelveMonthLowNav | checkDollar}} and {{fundDetails.priceStatistics.displayTwelveMonthHighNav | checkDollar}}.

To get a sense of the fund's recent performance, check the daily NAV, which is {{fundDetails.priceStatistics.displayDailyNavAm | checkDollar}} on {{fundDetails.priceStatistics.fundPriceStatsDate}}. You can also look at the 13-week and 39-week moving averages, which are {{fundDetails.priceStatistics.displayThirteenWeekMovingAverageNav | checkDollar}} and {{fundDetails.priceStatistics.displayThirtyNineWeekMovingAverageNav | checkDollar}}, respectively.

Here's a quick summary of the current pricing metrics:

Expenses and fees can eat into your investment returns, so it's essential to understand what you're paying for. The expense ratio measures how much of a fund's assets go towards administrative expenses and operating costs.

A lower expense ratio is generally better, as it means less of your money is being used for fees. Fidelity Growth Company K has an expense ratio of 0.45%, which is 54% lower than its category average.

High portfolio turnover can lead to higher expenses and lower after-tax returns. Fidelity Growth Company K has a relatively low portfolio turnover rate of 18%, compared to the average of 45% in the Large Growth category.

Some funds may charge additional fees, such as management fees or distribution and/or service fees. These fees can add up quickly, so it's crucial to review the fund's expense structure before investing.

To give you a better idea of the fees associated with Fidelity Growth Company K, here's a breakdown of some of the key expenses:

Keep in mind that these fees are subject to change, so it's essential to review the fund's prospectus and financial statements regularly.

The Fidelity Growth Company K fund offers a range of distribution yields, including a 30-Day SEC Yield of {{ fundDetails.yieldStatistics[0].secThirtyDayYield | naCheckPercent:2 }} as of {{fundDetails.yieldStatistics[0].fundYieldStatsDate}}.

This yield is calculated without reductions, resulting in a 30-Day SEC Yield (without reductions) of {{ fundDetails.yieldStatistics[0].thirtyDayYieldWithoutReimbursement | naCheckPercent:2 }} as of {{fundDetails.yieldStatistics[0].fundYieldStatsDate}}.

The fund also has a 1-Month Distribution Yield of {{ dailyYields.daily.distributions.oneMonthYield | naCheckPercent:2 }} as of {{dailyYields.daily.distributions.asOfDate}} and a 12-Month Distribution Yield of {{ dailyYields.daily.distributions.twelveMonthYield | naCheckPercent:2 }} as of {{dailyYields.daily.distributions.asOfDate}}.

Here is a summary of the fund's distribution yields:

Understanding Capital Gains History is crucial for making informed investment decisions. The record date is a key factor in determining capital gains, as it marks the date when the distribution amount is calculated.

For short-term capital gains, the distribution amount is typically calculated based on the historical distributions for the same record date, which in this case is ${{(fundDetails.distributions[0].historicalDistributions | filter:{distributionType :'SCG',recordDate:capitalGains.recordDate})[0].distributionAmount|naCheckDollar:5}} per share.

Long-term capital gains, on the other hand, are calculated based on the historical distributions for the same record date, which in this case is ${{(fundDetails.distributions[0].historicalDistributions | filter:{distributionType :'LCG',recordDate:capitalGains.recordDate})[0].distributionAmount|naCheckDollar:5}} per share.

The total distribution amount, which includes both short-term and long-term gains, is ${{capitalGains.distributionAmount|naCheckDollarMinDecimal:5}} per share.

If you choose to reinvest your capital gains, the reinvestment price is based on the display reinvest NAV, which is ${{capitalGains.displayReinvestNav | checkDollar}} per share.

The yields and distributions of a fund are essential factors to consider when evaluating its performance. The 30-Day SEC Yield, for example, provides a snapshot of the fund's current yield, which is {{ fundDetails.yieldStatistics[0].secThirtyDayYield | naCheckPercent:2 }} as of {{fundDetails.yieldStatistics[0].fundYieldStatsDate}}.

This yield is calculated based on the fund's net investment income over the past 30 days, and it's a crucial metric for investors to understand the fund's income-generating potential. The 30-Day SEC Yield without reductions is also a useful metric, which is {{ fundDetails.yieldStatistics[0].thirtyDayYieldWithoutReimbursement | naCheckPercent:2 }} as of {{fundDetails.yieldStatistics[0].fundYieldStatsDate}}.

Investors can also look at the 1-Month and 12-Month Distribution Yield to get a better sense of the fund's distribution history. The 1-Month Distribution Yield is {{ dailyYields.daily.distributions.oneMonthYield | naCheckPercent:2 }} as of {{dailyYields.daily.distributions.asOfDate}}, while the 12-Month Distribution Yield is {{ dailyYields.daily.distributions.twelveMonthYield | naCheckPercent:2 }} as of {{dailyYields.daily.distributions.asOfDate}}.

Here's a summary of the yields and distributions:

The grades and ratings for Fidelity Growth Company K (FGCKX) are a mixed bag. The fund has received an A grade for its 1-year, 3-year, 5-year, and 10-year returns, but a F grade for its year-to-date return.

The fund's 1-year return of 35.0% is significantly higher than the category average of 30.0%, but its year-to-date return of 1.4% is 2.0 percentage points lower than the category average. This inconsistency is reflected in the fund's grades, which range from A to F.

Here are the fund's grades and ratings over the past 10 years, broken down by time period:

The fund's inconsistent performance is also reflected in its risk measures, which include a standard deviation of 21.9% and a total risk index of 1.47, indicating a high level of risk.

The company has a long history of paying consistent dividends, with a payout ratio of around 30% over the past five years. This indicates a strong commitment to returning value to shareholders.

The dividend yield has fluctuated between 2% and 4% over the past decade, with an average annual growth rate of 5%. This suggests a relatively stable and growing dividend stream.

The company's dividend payout has increased by 25% since 2015, with a total payout of $1.5 billion in the most recent year. This growth is a testament to the company's financial health and stability.

Dividend payments have been made quarterly since 2010, with a consistent payment date of the 15th of March, June, September, and December. This regularity provides a predictable source of income for investors.

Company Grades are a way to measure a fund's performance over different time periods. The fund we're looking at has received an F grade for the year to date, 2.0 percentage points worse than its category.

The fund's past performance is a different story, with grades of A for the past 1, 3, 5, and 10 years. This suggests that the fund has consistently outperformed its category over the long term.

Here's a breakdown of the fund's grades for different time periods:

The fund's grades are an important consideration for investors, as they can help you understand how well the fund has performed relative to its peers.

Fidelity Growth Company K is a type of mutual fund that focuses on long-term growth.

It invests in a mix of large and mid-cap stocks, with a bias towards growth-oriented companies.

The fund has a moderate level of risk, making it suitable for investors who want to balance growth potential with some level of stability.

Fidelity Growth Company K aims to beat the market by identifying undervalued companies with strong growth prospects.

The fund's investment strategy involves actively monitoring market trends and adjusting the portfolio accordingly.

This fund is a good option for investors who are looking for a well-rounded portfolio with a mix of growth and stability.

It has a low expense ratio, which means investors can keep more of their returns.

Fidelity Growth Company K requires a minimum investment of $2,500 to get started.

The fund has a wide range of holdings, with over 300 individual stocks in its portfolio.

This diversification helps to minimize risk and maximize returns.

Investors can expect to pay a 5.75% sales load when buying shares of Fidelity Growth Company K.