Is Fidelity Growth & Income Portfolio (FGRIX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2024
0mins
Source: NASDAQ.COM
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.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








