Manager Skill Review · Fund (strategy-level)
FDGRX — Fidelity Growth Company Fund
Strategy-level ERM3 read from the fund's reported holdings — the mandate-accurate view. The stock-selection residual persists out of sample.
Large Growth · 228 holdings · eff. N 13 · top-10 66% · as of 2026-05-31
Summary Risk Profile
Return attribution vs risk decompositionFidelity Growth Company Fund is a Large Growth strategy across 228 names (effective N 13, top-10 66%). Fidelity Growth Company Fund's +43.4% trailing return was led by market beta (+36.2% market); stock selection contributed -1.1%. Over the trailing window stock selection detracted (-3% of gross); the risk decomposition is the steadier read.Beta to SPY 1.25 explains 84% of NAV variance; ERM3's multifactor model captures 95% · modeled-vs-reported NAV correlation 0.96 over 244 months.Evidence — not a recommendation.
Key
Cumulative return
trailing 12m · gross vs buyableStrategy-level read from the fund's reported holdings via the RiskModels ERM3 model. Figures are gross, holdings-derived, and within-mandate. Informational use only — not investment advice.