Fund Evaluator:
Fidelity Growth & Income (FGRIX)
Follow This Fund
Best Performing in Large Blend Over the Last Year
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Fund Details
Fidelity Growth & Income Overview
Fidelity Growth & Income (FGRIX) is an actively managed U.S. Equity Large Blend fund. Fidelity Investments launched the fund in 1985.
The investment seeks high total return through a combination of current income and capital appreciation. The fund normally invests a majority of assets in common stocks with a focus on those that pay current dividends and show potential for capital appreciation. It potentially invests in bonds, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), as well as stocks that are not currently paying dividends, but offer prospects for future income or capital appreciation. The fund invests in domestic and foreign issuers.
About Fidelity Growth & Income (FGRIX)
There are 1 members of the management team with an average tenure of 15.50 years: Matthew Fruhan (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Fidelity Growth & Income has 175 securities in its portfolio. The top 10 holdings constitute 37.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Growth & Income is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Growth & Income has 11.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 81.7%. There is 11.5% allocated to foreign stock, and 2.6% 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 0.2% convertible bond). Fidelity Growth & Income has 4.1% of the portfolio in cash.
Assets Under Management
The fund has $11 billion in total assets, which is above the $6 billion average for the Large Blend 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.
FGRIX 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 Growth & Income expense ratio is average compared to funds in the Large Blend category. Fidelity Growth & Income has an expense ratio of 0.53%, which is 35% lower than its category average, making the fund expense ratio grade a B. 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 Growth & Income has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Fidelity Growth & Income returned 2.1%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. 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 funds in that category.
Fidelity Growth & Income has a trailing yield of 1.17%, which is above the 0.56% category average.
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 Growth & Income Grades
Year to date, the fund has returned 11.3%, 2.0 percentage points better than the category, which translates into a grade of B. The fund has returned 19.7% over the past year (grade of B), 19.5% over the past three years (grade of B) and 14.4% per year over the past five years (grade of A) and 14.4% per year over the past 10 years (grade of B).
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FGRIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FGRIX Return (NAV) | 2.1% | 4.9% | 19.7% | 19.5% | 14.4% | 14.4% |
| FGRIX Grade | A | B | B | B | A | B |
| +/- Category | 1.7% | 0.8% | 2.3% | 2.2% | 3.3% | 0.7% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| FGRIX Tax Cost Ratio | na | na | 2.3% | 1.6% | 1.5% | 1.1% |
FGRIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FGRIX Return (NAV) | 11.3% | 21.6% | 22.1% | 18.6% | -5.0% | 25.9% | 8.0% | 30.2% | -8.9% | 16.9% | 16.1% |
| FGRIX Grade | B | A | D | F | A | D | F | C | F | F | A |
| +/- Category | 2.0% | 5.8% | -0.0% | -5.1% | 12.3% | -0.7% | -9.5% | 0.4% | -3.0% | -4.4% | 5.9% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 11.1% |
| Total Risk Index: | 0.91 - Average |
| Category Risk Index: | 0.84 - Low |
| Category Risk Grade: | A (6% Rank) |
| Beta: | 0.78 |
| R-Squared: | 83% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.2% |
| Dividend Distribution: | |
| Cap Gains Distribution: | |
| Total Assets: | $14902 Mil |
| Fund Total Assets: | $11,998 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 15% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 15.5 years | |||
| Average Tenure: 15.5 years | |||
| Managers (Year): Fruhan Matthew (2011) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 175 |
| % in Top 10 Holdings: | 37.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.5% |
Portfolio Allocation |
|
| Domestic Stock: | 81.7% |
| Foreign Stock: | 11.5% |
| Preferred Stock: | 2.6% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.2% |
| Other: | 0.1% |
| Cash: | 4.1% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-544-8544 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | December 30, 1985 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.53% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Fidelity Growth & Income |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
