Fidelity Dividend Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Dividend Growth Fund held 128 positions with $11.42B in net assets. Its ten largest holdings made up 38.1% of the fund. The FDGFX share class costs 0.88% a year. Over the 12 months to May 2026, FDGFX returned 39.7%, with dividends reinvested. In 2026 Q3 it added 21 new positions and exited 18.
Fidelity Dividend Growth Fund seeks capital appreciation.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 8.64% | $987.04M | 4.9M | $199.57 |
GOOGLALPHABET INC | 8.09% | $924.02M | 2.4M | $384.80 |
MSFTMICROSOFT CORP | 3.56% | $406.56M | 997.0K | $407.78 |
3.13% | $357.61M | 823.0K | $434.52 | |
3.06% | $349.52M | 571.2K | $611.91 | |
SEAGATE TECHNOLOGY HOLDINGS PLC | 2.79% | $319.10M | 473.7K | $673.64 |
2.64% | $301.80M | 1.3M | $229.03 | |
AVGOBROADCOM INC | 2.20% | $251.71M | 603.0K | $417.43 |
2.03% | $231.88M | 1.7M | $134.35 | |
AAPLAPPLE INC | 1.93% | $220.19M | 811.5K | $271.35 |
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.
All 128 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.69% |
| Cash & short-term | 2.66% |
By sector
- Information Technology
- 22.7%
- International
- 13.3%
- Industrials
- 10.3%
- Communication Services
- 9.3%
- 10 other sectors
- 44.3%
- Information Technology
- 22.7%
- International
- 13.3%
- Industrials
- 10.3%
- Communication Services
- 9.3%
- Health Care
- 8.9%
- Financials
- 8.5%
- Consumer Discretionary
- 6.2%
- Consumer Staples
- 4.4%
- Energy
- 4.3%
- Real Estate
- 3.7%
- Cash
- 3.6%
- Materials
- 2.7%
- Utilities
- 1.6%
- Other
- 0.5%
How it has done
FDGFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.22%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.88% | +39.72% | +110.83% | +108.70% | -8.76% | |
| 0.80% | +39.88% | +111.27% | +109.48% | -8.76% | |
| 1.41% | — | — | — | — | |
| 1.91% | — | — | — | — | |
| 0.91% | — | — | — | — | |
| 0.79% | — | — | — | — | |
| 1.16% | — | — | — | — |
Fees & fund details
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
- Expense ratio, by class
- 0.79% – 1.91%· FDGFX 0.88%
- Portfolio turnover
- 81.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
21 new· the largest 8
18 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FDGFX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”