Is Fidelity Growth & Income Portfolio (FGRIX) a Strong Mutual Fund Pick Right Now?

Objective:

• Fidelity Growth & Income Portfolio (FGRIX) is a Large Cap Blend fund with a Zacks Mutual Fund Rank of 2 (Buy).
• Large Cap Blend funds invest in companies with a market cap over $10 billion, offering stability and growth opportunities for investors.

History of Fund/Manager:

• FGRIX is managed by Matthew Fruhan and has accumulated about $9.04 billion in assets since its debut in December 1985.

Performance:

• The fund has delivered a 5-year annualized total return of 14.37% and a 3-year annualized total return of 12.11%, placing it among the top performers in its category.

Risk Factors:

• FGRIX has a 5-year beta of 0.96, indicating lower volatility than the market, and a positive alpha of 0.08, showing skilled management in generating returns.

Holdings and Expenses:

• The fund primarily focuses on US equities with 79.61% holdings in stocks and an expense ratio of 0.58%, making it cheaper than its peers.