Fidelity Blue Chip Growth ETF (FBCG_US)

Fidelity Blue Chip Growth ETF (FBCG) delivers actively managed exposure to U.S. large-cap growth leaders, emphasizing established companies with durable advantages, scalable models, and reinvestment opportunities. Managed by a long-tenured growth-equity team with broad sector coverage, it seeks to compound capital by selecting businesses expected to sustain superior earnings growth, creating a focused roster of best ideas rather than mirroring broad benchmarks. Portfolio construction reflects bottom-up research, disciplined sizing, and valuation review; turnover is driven by fundamentals or opportunity cost. Investors should expect distinct growth and quality tilts, sensitivity to interest-rate moves through valuation multiples, and idiosyncratic dispersion; income is secondary. As a portfolio tool, it can serve as a growth sleeve within core-satellite allocations, a factor-completion tilt for investors seeking more exposure to innovators, or an alpha-seeking satellite alongside a diversified core. Suited to investors comfortable with active selection and growth tilts. It tends to be supported by environments favoring earnings leadership and risk appetite, and challenged by value rotations or rising real yields. Key risk to monitor: concentration in top holdings, which can magnify single-name and sector exposures.