Jul. 26, 2025 10:15 PM ETFidelity Growth Strategies Fund (FDEGX), FAGKXFDEGX, FAGKX, NET, VRSK, HWM, DECK, CTAS, TDG, CASY, COHR, FAST, WIX, AXON, COIN, BR, PLTR, APP, FICO, GWW, AMP, RBLX, COR, INDEX, S, HWM.PR, PLTR:CAFidelity Investments779 FollowersSummaryThe Fidelity Growth Strategies Fund underperformed its benchmark in Q1, returning -8.03% versus -7.12% for the Russell Midcap Growth Index, mainly due to stock selection in industrials.Market volatility was driven by policy uncertainty, inflation concerns, and sector-specific headwinds, especially in consumer discretionary, technology, and industrials.We remain focused on high-quality stocks with strong free cash flow and below-average valuations, emphasizing select industrials despite recent challenges.Looking ahead, we are highly selective and patient, seeking attractive entry points while maintaining confidence in our disciplined, bottom-up investment process.NikadaPerformance ReviewFor the quarter, the fund's Retail Class shares returned -8.03%, trailing the -7.12% result of the benchmark Russell Midcap® Growth Index.U.S. mid-cap growth stocks rose in January but then notably fell in February and March, as post-electionThis article was written byFidelity Investments779 FollowersFidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.CommentsRecommended For You