About FGDKX
Fidelity Growth Discovery Fund Class K is a mutual fund focused on capital appreciation by investing primarily in common stocks of companies with above-average growth potential. The fund targets a diversified mix of large-cap and growth-oriented businesses across various sectors, with significant allocations to technology, consumer cyclical, healthcare, and financial services. Its portfolio typically includes market leaders like Amazon, NVIDIA, Microsoft, and Alphabet, reflecting its emphasis on innovation-driven firms and industry disruptors. Designed for retirement and institutional investors, Class K shares feature a competitive expense ratio and do not impose sales charges or 12b-1 distribution fees. The fund applies a fundamental, bottom-up stock selection approach, leveraging the expertise of experienced portfolio managers to identify growth opportunities regardless of current market capitalization. With a large concentration in its top holdings, the fund stands out for its high-conviction positions, making it a prominent choice in the large growth category within mutual fund offerings.
Fund Family Fidelity
Category Large Growth
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FGDKX
Share Class Class K
Index Russell 3000 Growth TR
FGDKX had a total return of 11.05% in the past year, including dividends. Since the fund's
inception, the average annual return has been 16.78%.
