ETF Evaluator: Fidelity Blue Chip Growth ETF (FBCG) Follow This ETF

Fidelity Blue Chip Growth ETF Overview

Fidelity Blue Chip Growth ETF (FBCG) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Fidelity Investments launched the ETF in 2020.

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes have above-average growth potential (stocks of these companies are often called "growth" stocks). The fund is non-diversified.

About Fidelity Blue Chip Growth ETF (FBCG)

There are 2 members of the management team with an average tenure of 6.16 years: Michael Kim (2020) and Sonu Kalra (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. Fidelity Blue Chip Growth ETF has 228 securities in its portfolio. The top 10 holdings constitute 53.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Fidelity Blue Chip Growth ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Fidelity Blue Chip Growth ETF has 4.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.9% There is 4.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Blue Chip Growth ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $6 billion in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FBCG Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Blue Chip Growth ETF expense ratio is average compared to funds in the Large Growth category. Fidelity Blue Chip Growth ETF has an expense ratio of 0.57%, which is 16% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Blue Chip Growth ETF has a portfolio turnover rate of 53%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.

Recently, in the month of July 2026, Fidelity Blue Chip Growth ETF returned -3.8%, which earned it a grade of C, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Fidelity Blue Chip Growth ETF has a trailing yield of 0.04%, which is below the 0.53% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Fidelity Blue Chip Growth ETF Grades

Year to date, the ETF has returned 9.2%, 3.0 percentage points better than the category, which translates into a grade of B. The fund has returned 18.7% over the past year (grade of B), 24.2% over the past three years (grade of A) and 12.8% per year over the past five years (grade of B).

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