Fidelity Blue Chip Growth ETF (FBCG_US)
Aug 27th, 2025 | By Simon Smith, CFAThe investment strategy governing the actively managed Fidelity Blue Chip Growth ETF focuses on long-term capital growth by owning equities of blue chip companies—well-known, well-established, well-capitalized issuers—with generally large or medium market capitalizations. The portfolio is primarily U.S. and growth-oriented, but may include foreign issuers (including emerging markets). Security selection is bottom-up and fundamentally driven, assessing financial condition, earnings outlook, competitive positioning, management quality, and industry structure to identify companies with above-average and durable growth. Position sizing reflects conviction, liquidity, and downside risk; the design permits meaningful single-issuer weights and sector tilts arising from stock selection. The fund invests ≥80% of assets in blue chips; residual exposure may include other equities and cash. Shares trade intraday on Cboe BZX and use a semi-transparent Tracking Basket, which can widen bid-ask spreads versus fully transparent ETFs. Rebalancing and sells follow thesis change, deteriorating fundamentals, stretched valuation, or superior opportunities.