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why the big price difference between these two similar funds
Old 06-03-2023, 10:32 AM   #1
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why the big price difference between these two similar funds

looking at FBGRX and FDGRX, both are large growth funds from Fidelity, very similar in every aspect, except FDGRX is closed. FDGRX=$29 while FBGRX=$149. Big price difference, but does it affect your rate of return, I guess that's my real question
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Old 06-03-2023, 10:46 AM   #2
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l ... but does it affect your rate of return, I guess that's my real question
The price of an open-end fund, subject to a few niggling details*, is the net asset value of the fund per share. So, no, rate of return is not affected by price.

*ETF prices are more likely to be slightly off the exact NAV due to bid/ask spreads and the behavior of the authorized participants (https://www.investopedia.com/terms/a...articipant.asp), but the differences aren't material (IMO) for investors, only for some traders.
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Old 06-03-2023, 10:59 AM   #3
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The price of a security by itself does not mean anything. It is like a pie. It tastes the same no matter how many slices you cut it into. Amount of pie per slice will vary.

Similarly, the price per share of an enterprise is equal to its total equity value divided by the number of shares issued.

What is important is the underlying per-share performance metrics. Book value per share. Earnings per share. Etc.
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Old 06-03-2023, 03:59 PM   #4
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ok, I guess I mistaken it as stock price cause buying a stock say NVDA at 29 vs 149 makes a pretty big difference
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Old 06-03-2023, 04:29 PM   #5
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ok, I guess I mistaken it as stock price cause buying a stock say NVDA at 29 vs 149 makes a pretty big difference
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Old 06-03-2023, 04:37 PM   #6
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Sometimes on unique or over performing funds, Fidelity closes them to non-AUM customers. Thatís happened to me a few times. I can continue to buy, etc - but not new customers. Sometimes the closed funds will not display on their mutual fund evaluator - even if you directly enter their ticker

Of course, mutual funds can close for other reasons - too large to continue with their strategy, etc
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