Tuesday, May 16, 2017

Quick Guide to Fidelity Blue Chip Value Fund (FBCVX)

Fidelity Blue Chip Value (FBCVX) a Zacks Rank #2 (Buy) invests its assets in common stocks of well-known and established companies. The fund may invest its assets in securities of foreign issuers in addition to securities of domestic issuers.

This Large Value fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and Emerging Market. Further, as of the last filing, BERKSHIRE HATHAWAY INC CL, WELLS FARGO & CO and ALPHABET INC were the top holdings for FBCVX.

The Fidelity Blue Chip Value fund, managed by Fidelity, carries an expense ratio of 0.75%. Moreover, FBCVX requires a minimal initial investment of $2,500.

FBCVX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 15.92%, 3 year 8.89% and 5 year 12.96%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

FBCVX’s performance, as of the last filing, when compared to funds in its category was in the top 37% over the past 3 years and in the 25% over the past 5 years.

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Zacks Investment Research

May 16, 2017 at 04:09PM

from Zacks Equity Research