Fidelity Growth Index Funds Overview and Analysis

Fidelity Growth Index Funds are a series of mutual funds designed to track the performance of the MSCI ACWI Growth Index.

These funds are part of Fidelity's Index Fund lineup, which aims to provide broad market exposure at a lower cost.

The funds are designed to provide long-term growth by investing in a diversified portfolio of growth-oriented stocks from around the world.

With a low expense ratio of 0.07%, these funds offer an attractive option for investors seeking to grow their wealth over time.

The MSCI ACWI Growth Index is a widely followed benchmark that tracks the performance of growth-oriented stocks from developed and emerging markets.

The Fidelity Growth Index Funds have a strong track record of performance, with average annual total returns ranging from 4.23% to 12.15% over the past 10 years.

Their 1-year returns are around 4.23% for NAV and 3.85% with sales charge, while 3-year returns are around 8.15% for NAV and 7.59% with sales charge.

Here is a breakdown of their performance over different time periods:

Since inception, the funds have returned around 12.15% for NAV and 11.59% with sales charge, making them a solid choice for long-term investors.

Performance is a crucial aspect of any investment. The average annual total returns for a fund can give you an idea of its performance over time.

For instance, let's take a look at the one-year return. According to the data, the NAV (Net Asset Value) one-year return is {{averageAnnualTotalReturn.oneYearReturn | naCheckZeroOrPlus:2}}. If you factor in the sales charge, the one-year return is still {{averageAnnualTotalReturns.oneYearReturn | naCheckZeroOrPlus:2}}.

Over a three-year period, the NAV return is {{averageAnnualTotalReturn.threeYearReturn | naCheckZeroOrPlus:2}}. With sales charge, the three-year return is {{averageAnnualTotalReturns.threeYearReturn | naCheckZeroOrPlus:2}}.

Here's a breakdown of the fund's performance over different time periods:

It's worth noting that these returns are based on historical data and may not reflect future performance.

Managers play a crucial role in the performance of a fund, and their tenure can have a significant impact.

Fund Managers have been managing funds for various periods, with some having as little as 1 day of tenure.

Their experience and expertise are essential in making informed investment decisions.

Here are some Fund Managers and their tenure:

Their ability to select the right investments can make all the difference in a fund's performance.

The Fidelity Large Cap Growth Enhanced Index Fund has its roots in the Fidelity Group of Funds, which was established on May 01, 2007.

This fund has a manager, Maximilian Kaufmann, who oversees its performance. The fund is listed in USD and is domiciled in the US.

Here are some key details about the fund's shares:

The Fidelity Large Cap Growth Enhanced Index Fund has its roots in the Fidelity Group of Funds, which has been around for a while.

The fund's inception date is May 01, 2007.

It's worth noting that the fund's shares are outstanding, but the exact number is not provided.

The fund is denominated in USD and is domiciled in the US.

You can find more information on the fund's manager, Maximilian Kaufmann.

The investment objective is to provide a steady return on investment, with a focus on generating income through a mix of dividend-paying stocks and high-yield bonds. This approach aims to balance risk and reward.

The target return is 6-8% annually, which is higher than the average savings account but lower than the stock market's historical average.

This investment strategy is designed for conservative investors who want to minimize risk while still earning a decent return.

The investment portfolio will be diversified across different asset classes, including stocks, bonds, and cash equivalents, to reduce risk and increase potential returns.

A key benefit of this investment approach is that it provides a relatively stable source of income, making it suitable for investors who rely on their investments for living expenses.

Fees and Expenses can be a major consideration when investing in Fidelity Growth Index Funds. The maximum Sales Charge is not specified, but the maximum CDSC (Contingent Deferred Sales Charge) is 1.25%.

The expense ratio is a key factor to consider when evaluating the cost of your investment. The Exp Ratio (Gross) is not specified, but the Exp Ratio (Net) varies depending on the source of the data. The Exp Ratio (Net) - Prospectus is not specified, and neither is the Exp Ratio (Net) - Financial Statement. However, the Exp Ratio (Net) - Prospectus is not specified, and neither is the Exp Ratio (Net of Waivers). The good news is that the Exp Cap is 1.25%.

One thing to note is that the Short-Term Trading Fee is not specified, but the Short-Term Trading Fee Period is 60 Days. This means that if you sell your shares within 60 days of purchase, you may be subject to this fee.

When investing in Fidelity Growth Index Funds, it's essential to understand the fund's holdings and allocation.

The fund's asset allocation is predominantly focused on stocks, making up a whopping 99.78% of the portfolio.

Stocks have shown a return of up to 123.52% and rank 16th in the FSPGX % Rank.

The remaining 0.22% is split among cash, bonds, preferred stocks, convertible bonds, and other assets.

Here's a breakdown of the fund's asset allocation:

Cash, on the other hand, has shown a return of up to 173.52% but only makes up a small 0.40% of the portfolio.

Your portfolio's maturity is a key factor in its overall health. The weighted average maturity (WAM) of your portfolio is currently {{fundDetails.wamData.averageMaturityDaysInDays}} days, as of {{fundDetails.wamData.averageMaturityDaysDate}}.

This means your portfolio's investments are spread out over a range of maturities, which can help manage risk. The weighted average maturity years is {{fundDetails.wamData.averageMaturityYearsInYears}}, as of {{fundDetails.wamData.averageMaturityYearsDate}}.

The weighted average life of your portfolio is {{fundDetails.wamData.avgLifeDays}} days, as of {{fundDetails.wamData.averageMaturityDaysDate}}. This is an important metric to track, as it can impact your portfolio's overall risk and return.

Here's a breakdown of your portfolio's key metrics:

Your portfolio's turnover rate is {{fundDetails.overview.annualizedTurnoverRate | naCheckPercent}} as of {{fundDetails.overview.annualizedTurnoverRateDate}}, which can impact your portfolio's overall costs and performance.

In this section, we'll take a closer look at the top holdings in the portfolio.

The top holding is Apple Inc, making up 11.93% of the total portfolio.

Apple is followed closely by NVIDIA Corp, which accounts for 11.29% of the portfolio.

Microsoft Corp is the third-largest holding, with a 10.98% stake.

Amazon.com Inc and Meta Platforms Inc CL A round out the top five holdings, with 6.29% and 4.52% of the portfolio, respectively.

Here are the top 10 holdings in the portfolio, listed in order of their percentage allocation:

Asset allocation is a critical aspect of investing, and it's essential to understand how your assets are distributed across different classes.

The majority of the portfolio is allocated to stocks, with a whopping 99.78% weighting. This is a significant concentration of assets in a single class, which can be both a blessing and a curse.

Stocks have historically provided higher returns, with a return high of 123.52%. However, this also means that they can be more volatile and subject to market fluctuations.

Cash, on the other hand, makes up only 0.40% of the portfolio. This is a relatively small allocation, but it's still a crucial component of a diversified portfolio.

Here's a breakdown of the asset allocation:

Bonds and preferred stocks have relatively small weightings in the portfolio, with 0.01% and 0.00% respectively. However, they still offer some potential for returns, with return highs of 102.71% and 8.45% respectively.

It's worth noting that convertible bonds have a 0.00% weighting, and other asset classes have a 0.00% weighting, with the exception of other, which has a -36.56% return low.

The Fidelity Growth Index Funds offer a range of geographic and sector options to suit different investment goals and risk tolerance. The US accounts for 99.87% of the fund's geographic breakdown.

The sector breakdown is also a key aspect of these funds. Technology is the largest sector, making up 41.65% to 41.66% of the fund's weighting, depending on the specific fund.

Here's a breakdown of the sector weights for the Fidelity Growth Index Funds:

These sector weights can help investors understand the composition of the fund and make informed decisions about their investments.

The US market dominates the stock geographic breakdown, with a weighting of 99.67% in one example and 99.87% in another. This suggests a strong focus on domestic investments.

The return on investment for the US market is also significant, with a high of 131.85% in one example and 123.52% in another. In contrast, the return on investment for non-US markets is much lower, with highs of 83.34% and 75.46%.

Here's a breakdown of the stock geographic data:

The FLGEX % Rank is 12.71% for the US market in one example, and 9.36% in another. This suggests a relatively consistent performance across different time periods. In contrast, the FHOFX % Rank is 76.40% for the non-US market in one example, and 36.24% in another, indicating a more variable performance.

The geographic breakdown of a bond fund can give you a good idea of where your money is invested. The US makes up a significant portion of the fund, with a weighting of 0.01%.

The returns from US investments are substantial, with a return high of 102.71%. This is a notable difference from the returns from non-US investments, which are essentially zero.

Here's a breakdown of the geographic distribution of the fund:

The returns from non-US investments are essentially zero, with a return low and high of zero. This is a stark contrast to the returns from US investments.

The stock sector breakdown reveals some interesting trends. Technology is the largest sector in all three examples, with a weighting of 41.65% to 41.66%.

The return on investment for Technology is also relatively high, ranging from 65.70% to 65.70%. Consumer Cyclical and Communication Services are also strong sectors, with return highs of 62.57% and 66.40% respectively.

Healthcare is another sector that stands out, with a high FLGEX % Rank of 86.86% in Example 1, and FSPGX % Rank of 83.26% in Example 3. This suggests that the healthcare sector has been performing well in recent times.

Here's a breakdown of the sectors and their weightings:

These weightings give an idea of the relative importance of each sector in the overall investment portfolio.

The Bond Sector is a crucial aspect of investing, and understanding its various components can help you make informed decisions. Government bonds, for instance, have a relatively low weighting of 7.02% in some funds, but can offer stable returns with a low risk profile.

Cash & Equivalents, on the other hand, have a much higher weighting in other funds, at 0.40% or 2.52%. This suggests that some funds prioritize liquidity over other investment options.

Derivative bonds, which are often considered riskier, have a weighting of 0.00% in some funds, but can offer returns ranging from -37.20% to 15.33% in others. This highlights the importance of diversification in a portfolio.

Securitized bonds, which are backed by assets such as mortgages or car loans, have a relatively high weighting in some funds, at 0.00% or 0.40%. This suggests that some funds view securitized bonds as a stable and secure investment option.

Here's a breakdown of the Bond Sector components:

Municipal bonds, which are backed by local governments, have a relatively low weighting in both examples, at 0.00% or 0.00%. This suggests that municipal bonds are not a priority in these funds.

Corporate bonds, which are issued by companies, also have a weighting of 0.00% in both examples. However, when corporate bonds do perform well, they can offer returns as high as 100.00%.

The Fidelity Growth Index Funds have shown varying performance over the years, and understanding this can help you make informed decisions about your investments.

In 2022, the FLGEX fund had a return of 36.0%, ranking it 45.55% in its category.

This is a significant increase from 2020, when the fund had a return of -3.8%. The fund's performance can be volatile, but it's essential to consider the long-term trends.

Here's a breakdown of the fund's performance over the past few years:

In contrast, the FHOFX fund had a return of 33.4% in 2024, ranking it 25.70% in its category.

The Fidelity Growth Index Fund has received top ratings from Morningstar, with an overall rating of 4 out of 5 stars.

The fund has a 3-year rating of 4 stars, ranking it in the top 14% of funds in its category, out of over 1,400 funds.

Morningstar's 5-year rating is also 4 stars, placing the fund in the top 12% of its category, out of over 1,200 funds.

However, the 10-year rating is not available, as the fund has not been around for that long.

In terms of Lipper rankings, the Fidelity Growth Index Fund has consistently ranked high in its category, with a 1-year ranking of #1 out of 144 funds.

Over the past 3 years, the fund has ranked #2 out of 134 funds, beating 72% of its peers.

Over the past 5 years, the fund has ranked #1 out of 123 funds, beating 73% of its peers.

Over the past 10 years, the fund has ranked #5 out of 104 funds, beating 51% of its peers.

Here is a summary of the fund's ratings and rankings:

The Fidelity Growth Index Fund offers a dividend yield of 0.29%, which is significantly lower than the category high of 48.32%.

Distributions are paid out semi-annually, with the most recent distribution being $0.101 per share in December 2024.

Here's a breakdown of the fund's dividend distribution frequency and yield:

The fund's capital gain distribution frequency is annually, and the net income ratio is 0.82%.

The cumulative total return is a crucial metric to understand the performance of a fund over time. It represents the total return of an investment, including dividends and interest, over a specific period.

For example, let's take a look at the cumulative total returns of the FLGEX fund. In 2021, the one-year return was 31.4%, while the three-year return was 64.06%. This means that if you invested $100 in the fund in 2019, it would have grown to $164.06 by the end of 2021.

Here's a breakdown of the cumulative total returns for the FLGEX fund:

Note that the cumulative total returns are not available for the 5-year and 10-year periods for the FLGEX fund. However, we can see that the fund has consistently delivered strong returns over the past few years.

In contrast, the FSPGX fund has shown a more volatile performance. In 2022, the one-year return was -29.2%, while the three-year return was 16.29%. This means that the fund's performance has been more inconsistent than the FLGEX fund.

It's essential to keep in mind that these returns are based on historical data and may not reflect the fund's future performance. Always do your own research and consult with a financial advisor before making any investment decisions.

Distributions are a crucial aspect of investing, and understanding them can help you make informed decisions. The frequency of distributions varies, with some funds distributing dividends annually, while others distribute them semi-annually.

You can find the distribution frequency for a particular fund by looking at the Capital Gain Distribution Analysis or Distributions History sections. For example, the fund FHOFX distributes capital gains annually.

The amount of distributions can also vary significantly. In some cases, the distributions are relatively small, while in others, they can be substantial. For instance, the fund FLGEX has a dividend yield of 0.29%, while the fund FSPGX has a dividend yield of 0.71%.

To get a better sense of the distribution history, you can look at the Distributions History section. This will show you the date and amount of each distribution, as well as the type of distribution (ordinary dividend, capital gain, etc.).

Here's a rough breakdown of the distribution types and their frequency:

Keep in mind that this is just a rough breakdown, and the actual distribution frequency and types may vary depending on the fund.

Fidelity growth index funds offer a range of capital gains and income options for investors.

The frequency of capital gain distributions varies among funds, with some distributing annually and others semi-annually. For example, the FSPGX fund distributes capital gains annually, while the FHOFX fund also distributes annually.

Investors can expect to receive ordinary dividends from these funds, with some funds also distributing capital gains and extra dividends. The amount of these distributions can vary, but the FSPGX fund has a category average ordinary dividend of $0.04.

Here's a breakdown of the capital gain distribution frequency for some Fidelity growth index funds:

Investors should also note that some funds may have a higher dividend yield, such as the FSPGX fund, which has a dividend yield of 0.7%.

Capital gain distribution is an essential aspect of investing in mutual funds. The frequency of capital gain distribution varies among funds, with some distributing semi-annually and others annually.

For example, the FLGEX fund distributes capital gains semi-annually, while the FHOFX and FSPGX funds distribute them annually. This is a crucial consideration for investors, as it can impact their tax liability and overall investment strategy.

Capital gain distribution can be a significant factor in an investment's total return. For instance, the FSPGX fund has a capital gain distribution frequency of annually, which may contribute to its 3.8% YTD total return.

Investors should also consider the type of capital gain distribution, which can be short-term or long-term. The FSPGX fund, for example, has had both short-term and long-term capital gain distributions in the past.

Here's a breakdown of the capital gain distribution frequency and types for some mutual funds:

By understanding capital gain distribution and its frequency, investors can make more informed decisions about their investments and potentially reduce their tax liability.

The Net Income Ratio is a key metric to understand when evaluating a fund's performance. It measures the percentage of net income generated by a fund compared to its total assets.

FLGEX has a Net Income Ratio of 0.47%, which is lower than the Category Low of -6.13%. In fact, it's one of the lowest among its peers.

A Net Income Ratio of 0.47% may indicate that FLGEX is generating less income from its assets compared to other funds in the same category. This could be a concern for investors looking for stable income streams.

On the other hand, FSPGX has a Net Income Ratio of 0.82%, which is significantly higher than FLGEX. This suggests that FSPGX is generating more income from its assets, making it a more attractive option for income-seeking investors.

Here's a comparison of the Net Income Ratios for FLGEX and FSPGX:

This table highlights the difference in Net Income Ratios between FLGEX and FSPGX. FSPGX has a higher Net Income Ratio and a lower % Rank, indicating that it's performing better in terms of income generation.