Fidelity Dividend Growth Fund

Fidelity Securities Fund · 7 share classes

Actively managed U.S. equity fund
One fund, 7 share classes:FDGFXFDGKXFGDEXFGDGXFGDHXFGDJXFGDDX
$11.42B NAV
128 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Dividend Growth Fund is an actively managed U.S. equity fund.

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2025 Q4

Fidelity Dividend Growth Fund seeks capital appreciation.

Strategy · summarised

The fund invests at least 80% of assets in equity securities of dividend growth companies, which the adviser identifies using fundamental analysis of factors including positive trailing dividend growth per share, share buybacks, or projected free cash flow growth. The fund may hold both domestic and foreign issuers across growth and value styles. Because security selection depends on the adviser's assessment of which companies will grow dividends over time, fund holdings will differ from any benchmark.

Expenses
0.79% 1.91%across 7 share classes
Share classExpense ratioAs of
FDGFX0.88%2025 Q3
FDGKX0.80%2025 Q3
FGDEX1.41%2025 Q4
FGDGX1.91%2025 Q4
FGDHX0.91%2025 Q4
FGDJX0.79%2025 Q4
FGDDX1.16%2025 Q4

Portfolio turnover 81.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

101.35%
of net assets
Stocks98.69%
Cash & short-term2.66%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology21.2%
International13.8%
Industrials13.7%
Communication Services11.8%
10 smaller39.4%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 17 new21 exited

Largest new: MU, VNOM, HD, BRITISH AMERICAN TOBACCO PLC, SJM, LB, MPC, CF

Largest exited: MRSH, VRT, FIRST QUANTUM MINERALS LTD, GPGI INC, RJF, SMURFIT WESTROCK PLC, COP, MRVL

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+44.83%+98.08%+103.90%15.14%-8.76%
+44.96%+98.54%+104.71%15.14%-8.76%
Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CORPNVDA8.64%$987.04M
ALPHABET INCGOOGL8.09%$924.02M
MICROSOFT CORPMSFT3.56%$406.56M
WESTERN DIGITAL CORPWDC3.13%$357.61M
META PLATFORMS INCMETA3.06%$349.52M
SEAGATE TECHNOLOGY HOLDINGS PLC2.79%$319.10M
BOEING COBA2.64%$301.80M
BROADCOM INCAVGO2.20%$251.71M
ALLISON TRANSMISSION HLDGS INCALSN2.03%$231.88M
APPLE INCAAPL1.93%$220.19M
Showing 10 of 128Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

Top 10 positions are 38.07% of net assets, top 25 57.61%, across 125 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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