The Fidelity Funds - American Growth Fund (A-USD) is a growth-oriented equity fund that invests primarily in securities of companies with above-average growth potential that have their registered office or exercise a predominant part of their economic activity in the United States.
Investment Objective
The fund focuses specifically on growth companies in the US market — businesses expected to grow earnings and revenues at an above-average rate relative to the broader market. This typically includes technology, biotech, consumer internet, and other high-growth sectors.
Growth vs. Value
Unlike a broad US equity fund, this fund emphasizes growth stocks, which typically trade at higher price-to-earnings multiples in anticipation of future earnings expansion. Growth investing can deliver outsized returns in bull markets but may underperform during periods of rising interest rates or market rotations toward value.
Key Sectors
Technology, healthcare/biotech, consumer discretionary, and communication services typically dominate growth fund portfolios. Companies like those in cloud computing, AI, digital platforms, and innovative healthcare solutions are common holdings.
Currency
Denominated in USD, aligning with the underlying US equity holdings.
Risk Considerations
Growth funds tend to have higher volatility than the broader market. Valuation risk is elevated as high P/E stocks can correct sharply during market downturns or when growth expectations disappoint.
Risk & Return Metrics
Share class: A-ACC-USD | ISIN: LU0275693405 | Data: yfinance (1006 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0165% | 4.25% |
| Risk (Std Dev) | 0.9090% | 14.43% |
| Metric | Value |
|---|---|
| First NAV | 30.9000 |
| Last NAV | 34.9900 |
| Total Return (period) | 13.24% |