Fidelity Growth & Income Portfolio
FGRIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Dec 30, 1985
- CIK
- 0000754510
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Growth & Income Portfolio (FGRIX) is an open-end mutual fund managed by Fidelity Investments that seeks high total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of assets in common stocks, with a focus on those that pay current dividends and exhibit potential for capital appreciation; it may also allocate to bonds, including lower-quality debt securities, as well as domestic and foreign issuers not currently paying dividends but offering prospects for future income or growth. It targets large-cap value equities primarily in the U.S. market, maintaining a diversified portfolio across sectors such as energy, technology, and cash equivalents, with top holdings including Exxon Mobil Corp., NVIDIA Corp., and Fidelity Cash Central Fund. Established on December 30, 1985, with share class inception on May 9, 2008, the fund is headquartered in Boston, Massachusetts, as part of Fidelity Investments' extensive lineup of equity strategies. Fidelity Investments serves institutional and retail investors seeking income-oriented growth, with net assets under management approximating $13.27 billion and an expense ratio of 0.57%. The portfolio emphasizes higher dividend yields and earnings growth potential within a large-blend category. In a significant recent development, Fidelity completed the merger of Fidelity Advisor Growth & Income Fund into Fidelity Growth & Income Portfolio in March 2025, enhancing scale and operational efficiency as part of a broader series of eight equity fund consolidations approved in October 2024. This strategic reorganization aims to benefit shareholders through streamlined management and resource allocation, with the second phase of related mergers concluding by June 2025. The fund continues under lead manager Matthew Fruhan, who has overseen it since February 2011, delivering annualized returns of 11.56% over the past 10 years through June 2025.