0001193125-24-054960.txt : 20240301 0001193125-24-054960.hdr.sgml : 20240301 20240301095148 ACCESSION NUMBER: 0001193125-24-054960 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 EFFECTIVENESS DATE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY MT VERNON STREET TRUST CENTRAL INDEX KEY: 0000707823 ORGANIZATION NAME: IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-79755 FILM NUMBER: 24707569 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY GROWTH COMPANY FUND DATE OF NAME CHANGE: 19910110 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MERCURY FUND DATE OF NAME CHANGE: 19861216 0000707823 S000007118 Fidelity Growth Strategies Fund C000019447 Fidelity Growth Strategies Fund FDEGX C000064241 Class K FAGKX 497K 1 d714550d497k.htm FIDELITY MT VERNON STREET TRUST FIDELITY MT VERNON STREET TRUST

Supplement to the

Fidelity® Growth Strategies Fund

January 29, 2024

Summary Prospectus

Effective March 1, 2024, the fund’s management contract was amended to incorporate administrative services previously covered under separate services agreements. The amended contract incorporates a basic fee rate that may vary by class (subject to a performance adjustment). The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class’s management fee.

The following information replaces similar information found in the “Fund Summary” section under the “Fee Table” heading.

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

 

Management fee (fluctuates based on the fund’s performance relative to a securities market index)

   0.69%A,B   

Distribution and/or Service (12b-1) fees

   None   

Other expenses

   0.01%B   
 

 

Total annual operating expenses

   0.70%   

A The management fee comprises a basic fee, which may vary by class, that is adjusted up or down (subject to a maximum rate) based on the performance of the fund or a designated class of the fund relative to that of the Russell Midcap® Growth Index. The basic fee covers administrative services previously provided under separate services agreements with the fund, for which 0.18% was previously charged under the services agreements. Please see “Fund Services - Fund Management - Advisory Fee(s)” for additional information.

B Adjusted to reflect current fees.

 

1 year

    $ 72    

3 years

    $ 224    

5 years

    $ 390    

10 years

    $ 871    

 

FEG-SUSTK-0324-101

1.9880491.101

   March 1, 2024

Supplement to the

Fidelity® Growth Strategies Fund

Class K

January 29, 2024

Summary Prospectus

Effective March 1, 2024, the fund’s management contract was amended to incorporate administrative services previously covered under separate services agreements. The amended contract incorporates a basic fee rate that may vary by class (subject to a performance adjustment). The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class’s management fee.

The following information replaces similar information found in the “Fund Summary” section under the “Fee Table” heading.

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

 

Management fee (fluctuates based on the fund’s performance relative to a securities market index)

   0.60%A,B   

Distribution and/or Service (12b-1) fees

   None   

Other expenses

   0.01%B   
 

 

Total annual operating expenses

   0.61%   

A The management fee comprises a basic fee, which may vary by class, that is adjusted up or down (subject to a maximum rate) based on the performance of the fund or a designated class of the fund relative to that of the Russell Midcap® Growth Index. The basic fee covers administrative services previously provided under separate services agreements with the fund, for which 0.07% was previously charged under the services agreements. Please see “Fund Services - Fund Management - Advisory Fee(s)” for additional information.

B Adjusted to reflect current fees.

 

1 year

    $ 62    

3 years

    $ 195    

5 years

    $ 340    

10 years

    $ 762    

 

FEG-K-SUSTK-0324-101

1.9880492.101

   March 1, 2024