The Fidelity Large Cap Growth Fund (FSLGX) is a fund that aims to invest 80% of its assets in companies with large market capitalization like the S&P 500 index and the Russell 1000 index. This is common stock that could be domestic or foreign.
The holdings are made up of 171 companies that fit that description of large growth which account for 99.07% of it while 0.93% are in cash. 92.71% of the stock is domestic with the remainder being of foreign origin. The top ten holdings contain 26.20% of the total assets of the fund.
The top sectors for which the holdings are from as of March 31, 2010 were Information Technology with 33.51%, Health Care with 14.42%, Consumer Staples with 13.88% and Consumer Discretionary with 11.58%. This investment strategy has been fairly consistent over the past 6 months by the fund manager Jeffery Feingold who took over the fund in November of 2009.
The average annual returns of this fund as of March 31, 2010 were at 1 year 43.72%, 3 year at -6.40% and 5 year at -0.53%. Its YTD performance as of April 27, 2010 is at 6.64% with an expense ratio of 0.81%. The minimum to invest is $2,500.
The volatility measures with the last three years data is a Beta at 0.99, the R squared at 0.91 and the standard deviation of 21.05.
When looking at mutual funds, this one is for investors willing to overlook current income and replace it with capital appreciation. This type of fund has a lower risk than a sector specific fund due to its diversification of the assets.
The investments made by the Fidelity Large Cap Growth Fund (FSLGX) are for the long term and should be a solid part of any portfolio.
For additional resources about mutual funds and other investments from Fidelity on this website, please view Fidelity Small Cap Value Fund (FCPVX).
To compare this resource to a Vanguards approach please try Vanguard Target Retirement Funds on our sister site bestmutualfundsnow.com.
Additional resource for investing from another sister site of ETFinvestingblog.com is an article on Inverse ETFs.
We strive to bring you the latest and most accurate data possible from the home sites of the investment institutions we name. Always remember the bigger the risk, the larger the reward or loss. Invest with caution.
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nice post. thanks.
great post as usual!