Fund Evaluator:

Fidelity Trend Overview

Fidelity Trend (FTRNX) is an actively managed U.S. Equity Large Growth fund. Fidelity Investments launched the fund in 1958.

The investment seeks growth of capital. The fund invests primarily in common stocks. It invests in companies that the adviser believes have above-average growth potential (stocks of these companies are often called "growth" stocks). The adviser uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.

About Fidelity Trend (FTRNX)

There are 1 members of the management team with an average tenure of 7.88 years: Shilpa Mehra (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund 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 Trend has 135 securities in its portfolio. The top 10 holdings constitute 50.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Fidelity Trend is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Trend has 2.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.2%. There is 2.7% 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 Trend has -1.5% of the portfolio in cash.

Assets Under Management

The fund has $5 billion in total assets, which is above the $2 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.

FTRNX 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 Trend expense ratio is above average compared to funds in the Large Growth category. Fidelity Trend has an expense ratio of 0.74%, which is 23% 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 Trend has a portfolio turnover rate of 60%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of June 2026, Fidelity Trend returned 0.8%, which earned it a grade of A, as the Large Growth category had an average return of -1.3%. 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 Trend has a trailing yield of 0.00%, which is below the 0.06% 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 Trend Grades

Year to date, the fund has returned 18.5%, 11.5 percentage points better than the category, which translates into a grade of A. The fund has returned 30.2% over the past year (grade of A), 29.0% over the past three years (grade of A) and 16.3% per year over the past five years (grade of A) and 20.0% per year over the past 10 years (grade of A).

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