At a glance
FBCG charges 0.57% a year, above the 0.19% average of the 8 funds most like it (the most expensive of 9). It has $6.92B in assets, the 7th largest of that group; it paid 0.03% of its price in distributions over the past 12 months, annual. Over the past year it returned +9.9% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds; over three years it returned +29.8% a year. At its worst it fell 39.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 16 months after the low. Its ten largest positions make up 57.3% of the fund, out of 230 in all.
The short version
Fidelity Blue Chip Growth ETF (FBCG) is an actively managed fund of large, fast-growing companies, led by NVIDIA, Apple and Alphabet. Unlike most ETFs, it does not publish its full holdings every day. It is more concentrated and more expensive than most similar funds. Its 10 largest stocks made up 57% of assets as of July 31, 2026, and its 0.57% expense ratio compares with an average of 0.19% for similar funds.
Price history
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FBCG +9.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| FBCG official prospectus, to Nov 29, 2025 | — | +39.30% | — | +20.12% | — | — |
| RS004 index, same period | — | +33.36% | — | +19.21% | — | — |
| RS001 index, same period | — | +24.51% | — | +16.61% | — | — |
| FBCG price data to Oct 27, 2026 | +10.9% | +9.9% | +29.8% | +12.1% | — | +19.1% |
- Over the year to Oct 27, 2026, FBCG returned +9.9%, 1st of 9 among similar funds.
- Its 5-year annualized return was +12.1%.
- Its worst full calendar year was 2022 (-39.1%); its best was 2023 (+58.0%).
- The deepest fall in its price history was 43.6% (Nov 18, 2021 to Dec 28, 2022), recovered by Feb 9, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +10.9% | — |
| 2025 | +18.6% | — |
| 2024 | +39.0% | +39.30% |
| 2023 | +58.0% | +57.72% |
| 2022 | -39.1% | -39.01% |
| 2021 | +21.3% | +21.11% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 39.6% over that stretch · deepest drop along the way 39.6%, back to its old high 15.6 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.0300 | -43.4% |
| 2024 | $0.0530 | +430.0% |
| 2023 | $0.0100 |
What's inside
As of Jul 31, 2026, the fund held 230 securities; the ten largest made up 57.25% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORP | 14.90% | |
| APPLE INC | 9.31% | |
| ALPHABET INC | 9.27% | |
| AMAZON.COM INC | 5.86% | |
| MICROSOFT CORP | 4.94% | |
| BROADCOM INC | 4.38% | |
| ELI LILLY and CO | 2.71% | |
| META PLATFORMS INC | 2.31% | |
| MICRON TECHNOLOGY INC | 1.97% | |
| WESTERN DIGITAL CORP | 1.59% | |
| SANDISK CORP/DE | 1.28% | |
| TESLA INC | 1.28% | |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 1.17% | |
| APPLOVIN CORP | 1.16% | |
| ADVANCED MICRO DEVICES INC | 1.06% |
By country
United States 93.25%Canada 1.72%Cayman Islands 1.44%Taiwan 1.17%Ireland 0.81%By asset type
Stocks 99.89%By sector
Sectors of the companies held, for the 79.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $571.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +7.86%, -1.30%, -3.78%.
How it works
FBCG is actively managed: rather than track an index, Fidelity Management & Research Company (FMR) picks the stocks. Since December 11, 2025, the fund has normally kept at least 80% of assets in "blue chip growth" companies. Blue chip means larger by stock market value than the smallest member of the S&P 500, Russell 1000 or Dow Jones Industrial Average. Signs of growth include earnings or sales growth above the market median. FMR weighs each company's finances and industry position and may buy foreign stocks.
FMR decides how much of each stock to hold and when to trade. There is no set rebalancing schedule. The prospectus filed November 24, 2025, reports 53% portfolio turnover, meaning trades worth about half the portfolio in a year. As a "non-diversified" fund, it can hold large stakes in a few companies. As of July 31, 2026, it held 230 stocks. Nvidia alone was 14.9% of assets, and the top 10 holdings were 57%.
FBCG does not publish its full holdings every day. Instead it posts a daily "Tracking Basket" designed to mirror its performance. The basket holds some of the fund's actual holdings, similar stocks, other ETFs and cash. Fidelity also posts how much the basket overlaps the real portfolio, as a percentage. Fidelity warns that, as a result, the share price may stray further from the value of the holdings than at ETFs that publish their full holdings daily. The gap between buying and selling prices may also be wider.
What it really costs
- FBCG charges 0.57% a year, versus an average of 0.19% for the similar funds below (9th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $58 in the first year and $714 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| FBCG | $58 | $183 | $318 | $714 |
In a retirement portfolio
It is a concentrated, high-beta bet on large growth stocks that has fallen about 40% in a single bear market, so it fits better beside broader core funds than in their place.
FBCG could add a stake in large growth companies such as NVIDIA, Apple and Alphabet to a portfolio built around broader funds. It launched in June 2020, after the 2008 crisis and the COVID crash, so it has no record from either. In the 2022 bear market it fell 39.6%, and 2022 was its worst calendar year at about -39%. Its deepest drop, 43.6% between November 2021 and December 2022, did not recover until February 2024. Anyone who had to draw money from it during that stretch would have locked in large losses.
FBCG pays almost no income. Its yield was 0.03% as of October 27, 2026, and it pays once a year. Costs are 0.57% a year. In the SEC's standard $10,000 example, that comes to $58 after one year and $714 over 10 years. Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Long-term investors who want an actively managed growth fund and accept a 0.57% fee, versus a 0.19% average for similar funds.
- People comfortable with heavy bets on NVIDIA, Apple and Alphabet, which together made up about a third of assets as of July 31, 2026.
- Investors with a long time horizon who can sit through drops like the 43.6% decline from November 2021 to December 2022.
Look elsewhere if
- Retirees who need income: the yield was 0.03% as of October 27, 2026, and the fund pays once a year.
- Cost-focused investors: Vanguard Growth ETF (VUG) and SPDR Portfolio S&P 500 Growth ETF (SPYG) charge 0.04% and share over 60% of FBCG's holdings.
- Anyone who wants to see a fund's full holdings every day: FBCG publishes only a stand-in Tracking Basket each day.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| FBCG this fund | — | 0.57% | $6.92B | +9.9% | +29.8% |
| FFLG Fidelity Fundamental Large Cap Growth ETF | 70% | 0.38% | $590.1M | +7.5% | — |
| VUG Vanguard Growth ETF | 65% | 0.04% | $379.29B | +3.8% | +25.1% |
| VONG Vanguard Russell 1000 Growth ETF | 63% | 0.07% | $54.28B | -2.3% | +22.4% |
| MGK Vanguard Mega Cap Growth ETF | 63% | 0.07% | $33.30B | +2.5% | +23.2% |
| TGRW T. Rowe Price Growth Stock ETF | 63% | 0.52% | $1.03B | -0.6% | +21.4% |
| SPYG SPDR Portfolio S&P 500 Growth ETF | 62% | 0.04% | $52.99B | +7.2% | +25.3% |
| IVW iShares S&P 500 Growth ETF | 62% | 0.18% | $74.97B | +7.0% | +25.2% |
Questions investors ask
What are FBCG's top holdings?
As of July 31, 2026, FBCG's largest holdings were NVIDIA (14.9%), Apple (9.3%), Alphabet (9.3%), Amazon (5.9%), Microsoft (4.9%) and Broadcom (4.4%). Eli Lilly, Meta Platforms, Micron Technology and Western Digital completed the top 10. Although the fund owned 230 positions, those 10 made up about 57% of assets. Among the stocks Fidelity classified by sector, technology was the largest group at 44.2% of assets.
What's the difference between FBCG and FFLG?
Both are actively managed Fidelity growth ETFs, and they share about 70% of their holdings. FFLG, the Fidelity Fundamental Large Cap Growth ETF, is cheaper at 0.38% a year, compared with 0.57% for FBCG. It is also much smaller, with $590 million in net assets versus FBCG's $6.9 billion as of July 31, 2026. Over the year to October 27, 2026, FBCG returned 9.9% and FFLG returned 7.5%.
FBCG vs VUG: why does FBCG cost more?
FBCG costs more because people choose its stocks. It charges 0.57% a year, while Vanguard Growth ETF (VUG) charges 0.04%, and the two share about 65% of their holdings. FBCG's managers have outpaced VUG over the past three years. Its annualized return was 29.8% through October 27, 2026, compared with 26.9% for VUG through October 29, 2026. Past results may not continue, but the fee gap is certain each year.
Does FBCG pay dividends?
Barely. FBCG pays a distribution once a year, and its trailing 12-month yield was 0.03% as of October 27, 2026. That works out to about $0.02 per share. The fund aims for long-term growth of capital, not income. Its holdings are mostly fast-growing companies such as NVIDIA and Amazon, which pay little or no dividend. Investors who need regular cash flow would have to look to other holdings.
Why doesn't FBCG show its holdings every day?
FBCG operates under an SEC exemptive order that lets it keep its daily portfolio private. Instead, it publishes a Tracking Basket each day. This is a mix of selected stocks, other ETFs and cash designed to move like the fund, along with a figure showing how closely the basket matches the real portfolio. The fund still reports its full holdings periodically. Its prospectus warns that this setup can cause wider trading spreads and larger premiums or discounts to the fund's net asset value.