FEGKX
Fidelity Equity Growth K6 Fund
Fidelity Mt. Vernon Street Trust
Expense ratio1
0.45%
Net assets2
$328.55M
Holdings2
131
Category
US Equity
2025 return3
15.37%

Investment objective & strategy

As of Jan. 26, 2026 · prospectus

Objective. Fidelity Equity Growth K6 Fund seeks capital appreciation.

Strategy. Normally investing at least 80% of assets in equity securities of growth companies. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Growth companies are companies the Adviser believes have above average growth potential. The Adviser considers a number of factors in determining a company's growth potential, such as whether the company is included in a third-party growth benchmark or classified as a growth company by a third-party vendor, if the company's … Normally investing at least 80% of assets in equity securities of growth companies. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Growth companies are companies the Adviser believes have above average growth potential. The Adviser considers a number of factors in determining a company's growth potential, such as whether the company is included in a third-party growth benchmark or classified as a growth company by a third-party vendor, if the company's projected earnings per share growth, sales growth per share or free cash flow growth or its trailing earnings per share growth is above the equity market median, if the company's research and development expenses exceed sales, general and administrative expenses, or if the company is raising capital to grow, fund or expand its business. A company's growth potential can be determined under any of these factors. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Normally investing primarily in common stocks. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $42.56M 12.95%
MICROSOFT CORP $24.05M 7.32%
ALPHABET INC CL A $21.70M 6.61%
APPLE INC $18.03M 5.49%
META PLATFORMS INC CL A $14.84M 4.52%
AMAZON.COM INC $14.73M 4.48%
TAIWAN SEMIC MFG CO LTD SP ADR $12.03M 3.66%
BROADCOM INC $11.27M 3.43%
MASTERCARD INC CL A $10.35M 3.15%
LILLY ELI and CO $8.43M 2.57%
View all holdings →

Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
33
Exited
21
Increased
60
Decreased
27
Unchanged
11

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Fidelity Advisor Equity Growth Fund · EPGAX, EPGCX, FAEGX, EQPGX, FZAFX 99% 0.54%
Fidelity Advisor Series Equity Growth Fund · FMFMX 99% 0.00%
VIP Growth Portfolio · QVG2Q 95% 0.56%
View all similar funds →

Advisers

As of November 30, 2025 · N-CEN
FirmRole
FMR Investment Management (UK) Limited Sub-adviser
Fidelity Management & Research (Japan) Limited Sub-adviser
Fidelity Management & Research (Hong Kong) Limited Sub-adviser
Fidelity Management & Research Company LLC Adviser

Footnotes

  1. Expense ratio as of January 26, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.

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