Fund Characteristics and Attribution

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Fidelity Large Cap Growth Fund

Use the following information to gain a better understanding of the fund's holdings and its performance relative to its benchmark. To learn more about this information, see Fund Characteristics and Attribution Frequently Asked Questions

Portfolio Characteristics*

    September 30, 2009(Benchmark: Russell 1000 Growth)
Valuation Fund Asset Coverage Securities Coverage Fund Positions Benchmark Positions
Dividend Yield 99% 79/80 1.3% 1.6%
Price/Book 99% 79/80 2.9 3.6
Price/Cashflow 99% 79/80 8.1 11.1
Price/Earnings (IBES 1 Year Forecast) 99% 79/80 13.9 15.4
Price/Earnings Trailing 99% 79/80 15.9 17.9
Price/Earnings Trailing, ex negative earnings 99% 79/80 15.6 17.2
Price/Sales 99% 79/80 1.2 1.6
Return on Equity 5 Year Average 99% 78/80 21.7% 22.6%
Return on Equity 1 Year Trailing 98% 78/80 19.3% 22.1%
Price Earnings/Growth (IBES Forecast) 95% 75/80 1.4 1.4
 
Growth Fund Asset Coverage Securities Coverage Fund Positions Benchmark Positions
1 Year EPS Growth (IBES Forecast) 99% 79/80 14.8% 15.1%
1 Year Sales/Share Growth 99% 79/80 11.9% 11.5%
EPS Growth 1 Year Trailing 99% 79/80 5.9% 6.3%
Long Term EPS Growth (IBES Forecast) 95% 75/80 11.3% 11.9%
EPS Growth 5 Year Trailing 82% 57/80 15.8% 15.1%
 
Size Fund Asset Coverage Securities Coverage Fund Positions Benchmark Positions
Mean Market Cap ($ Billions) 100% 80/80 $27 $12.2
Median Market Cap ($ Billions) 100% 80/80 $9.5 $4.1
Weighted Average Market Cap ($ Billions) 100% 80/80 $57.4 $68.6
Weighted Median Market Cap ($ Billions) 100% 80/80 $17.9 $36.2
 
Market Cap Ranges (%) Fund Positions Benchmark Positions
>$50 Billion 30.3% 43.5%
>$20-50 Billion 15.3% 19.6%
>$10-20 Billion 19.6% 13.1%
>$2-10 Billion 27.6% 22.1%
>$0.5-2 Billion 7.2% 1.7%
$0-0.5 Billion 0% 0%
Not Available 0% 0%
* Note: Includes U.S. and Foreign Equities, includes Convertibles.

Attribution Summary (MSCI/S&P Sector)1,2

    July 1, 2009 to September 30, 2009(Benchmark: Russell 1000 Growth)
Average Weight (actual) Average Weight (rescaled) Contribution to Relative Return
MSCI/S&P Sector Fund Benchmark Relative Fund Benchmark Relative Security Selection Market Selection Total (rescaled) Total (actual)
Information Technology 31.9% 31.7% .2% 32.1% 31.7% .4% 0.88% 0.06% 0.94% 0.92%
Energy 4.6% 4.2% .4% 4.6% 4.2% .4% 0.47% -0.02% 0.46% 0.46%
Telecommunication Services .3% .6% -.3% .3% .6% -.3% 0.02% 0.02% 0.03% 0.03%
Health Care 16.7% 16.8% -.1% 16.8% 16.8% 0% 0.03% 0.00% 0.03% 0.03%
Utilities .5% 1% -.5% .5% 1% -.5% -0.05% 0.03% -0.02% -0.02%
Materials 3.5% 4% -.5% 3.5% 4% -.4% -0.01% -0.02% -0.03% -0.03%
Consumer Discretionary 10.8% 10.3% .4% 10.9% 10.3% .5% -0.78% 0.38% -0.40% -0.41%
Financials 4.6% 5.1% -.5% 4.7% 5.1% -.5% -0.49% 0.08% -0.41% -0.41%
Consumer Staples 16% 16.2% -.2% 16.1% 16.2% 0% -0.92% 0.15% -0.77% -0.77%
Industrials 10.4% 10.1% .3% 10.5% 10.1% .4% -0.93% -0.13% -1.06% -1.06%
Total Primary Assets 99.3% 100%   100% 100%   -1.78% 0.55% -1.23% -1.24%
Cash .7% 0%   -0.05%
Other Investments 0% 0%   0.02%
Net Expenses   -0.21%
Totals 100% 100%   -1.49%
 

Cumulative Returns - July 1, 2009 to September 30, 2009


(Benchmark: Russell 1000 Growth)
Fund Return   12.5%
Benchmark Return   14%
Relative Return   -1.5%

Attribution Summary (MSCI/S&P Sector)1,2

    October 1, 2008 to September 30, 2009(Benchmark: Russell 1000 Growth)
Average Weight (actual) Average Weight (rescaled) Contribution to Relative Return
MSCI/S&P Sector Fund Benchmark Relative Fund Benchmark Relative Security Selection Market Selection Total (rescaled) Total (actual)
Energy 7.8% 7.5% .4% 7.9% 7.5% .5% 2.20% 0.06% 2.27% 2.25%
Health Care 15.5% 15.5% 0% 15.6% 15.5% .1% 0.91% -0.06% 0.85% 0.82%
Materials 3.4% 3.9% -.4% 3.5% 3.9% -.4% 0.34% -0.02% 0.33% 0.33%
Utilities 1.2% 1.7% -.5% 1.2% 1.7% -.5% 0.16% 0.04% 0.20% 0.19%
Telecommunication Services .4% .7% -.3% .4% .7% -.3% -0.15% 0.00% -0.15% -0.16%
Consumer Staples 14.1% 14.5% -.4% 14.2% 14.5% -.3% -1.03% -0.10% -1.13% -1.13%
Financials 4% 4% 0% 4% 4% 0% -1.87% 0.23% -1.64% -1.63%
Industrials 12.3% 12% .3% 12.4% 12% .4% -2.32% 0.09% -2.23% -2.21%
Information Technology 30.2% 30.3% -.1% 30.4% 30.3% .1% -2.41% -0.19% -2.60% -2.60%
Consumer Discretionary 10.3% 9.9% .4% 10.4% 9.9% .5% -2.66% -0.33% -2.99% -2.98%
Total Primary Assets 99.2% 100%   100% 100%   -6.84% -0.26% -7.10% -7.12%
Cash .8% 0%   0.26%
Other Investments 0% 0%   0.04%
Net Expenses   -0.63%
Totals 100% 100%   -7.45%
 

Cumulative Returns - October 1, 2008 to September 30, 2009


(Benchmark: Russell 1000 Growth)
Fund Return   -9.3%
Benchmark Return   -1.9%
Relative Return   -7.5%
  1. The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance quoted. For retail funds, please visit fidelity.com/performance or call Fidelity; or for Advisor and VIP funds, please visit advisor.fidelity.com or call your investment professional for most recent month-end performance figures. Cumulative total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. For funds less than one-year old, the period indicated begins on the first month-end following the fund's commencement date.
  2. The sector positioning is presented to illustrate examples of the sectors in which the fund may invest, and may not be representative of the fund's current or future investments. Mention of these sectors should not be construed as a recommendation. The fund and benchmark returns are calculated by Fidelity Performance Attribution and constructed from the underlying security-level data; these returns may not tie to standard, published performance information such as the returns on the previous screen. Cumulative total (actual) returns are calculated based on total fund assets and reflect the composite return of the fund, which may not necessarily reflect a particular class's return. Expenses are the total fund expenses for all classes in the fund, as applicable, and do not represent a particular class's expenses. The returns are net of expenses and include 12b-1 fees (if any) and insurance contract charges (for VIP funds), but do not include sales loads (for applicable Advisor and Destiny classes). Please see the glossary for index descriptions, and additional information.