FNILX – Fidelity ZERO Large Cap Index Fund: Overview

The Fidelity ZERO Large Cap Index Fund (FNILX) aims to provide investment results that correspond to the total return of stocks of large capitalization U.S. companies. This fund usually invests a minimum of  80% of assets in common stocks of large capitalization companies included in the Fidelity U.S. Large Cap Index. That index is a float-adjusted market capitalization-weighted index which was created to reflect the performance of U.S. large capitalization stocks. All stocks belonging to the 500 largest U.S. companies based on float-adjusted market capitalization are known as large capitalization stocks.

FNILX – Fidelity ZERO Large Cap Index Fund: Parent Company

Based in the United States, Fidelity Investments is among the most diversified financial services companies in the world. The company’s fundamental mission is to help customers and clients achieve their financial objectives. The Fidelity ZERO Large Cap Index Fund (FNILX) seeks to provide investment results that correspond to the total return of stocks of large-capitalization U.S. companies. 

FNILX – Fidelity ZERO Large Cap Index Fund: Performance

Over the past year, the Fidelity ZERO Large Cap Index Fund (FNILX) has returned 10.70 percent. 9.55 percent over the past three, 11.77% over the last five and 11.96% over the last 10 years.

FNILX – Fidelity ZERO Large Cap Index Fund: Top Holdings

As of 30/06/2020, the top 10 holdings (making up 26.03% of the total portfolio) of the Fidelity ZERO Large Cap Index Fund (FNILX) are:

Microsoft Corp, Apple INC, Amazon.com INC, Facebook INC CL A, Alphabet INC CL A, Alphabet INC CL C, Johnson & Johnson, Berkshire Hathaway INC CL B, Visa INC CL A, Procter & Gamble Co.

FNILX – Fidelity ZERO Large Cap Index Fund: Category

Morningstar tracks the fund within its Large Cap Core category. Over the long haul, the fund’s total return has been well above the category average.

The fund has returned 11.77 percent over the past five years and 11.96 percent over the past decade.

FNILX – Fidelity ZERO Large Cap Index Fund: Ranking

It isn’t ranked.

FNILX – Fidelity ZERO Large Cap Index Fund: Investment Strategy

Normally investing at least 80% of assets in common stocks of large capitalization companies included in the Fidelity U.S. Large Cap Index, which is a float-adjusted market capitalization-weighted index designed to reflect the performance of U.S. large capitalization stocks. Large capitalization stocks are considered to be stocks of the largest 500 U.S. companies based on float-adjusted market capitalization. Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to attempt to replicate the returns of the Fidelity U.S. Large Cap Index using a smaller number of securities. Lending securities to earn income for the fund.

FNILX – Fidelity ZERO Large Cap Index Fund: Role in Portfolio

The fund has been labelled as a “core” holding.

FNILX – Fidelity ZERO Large Cap Index Fund: Management

Since 13/9/2018, the Fidelity ZERO Large Cap Index Fund (FNILX) has been managed by Geode Capital Management.

FNILX – Fidelity ZERO Large Cap Index Fund: Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Fund and index performance may vary somewhat due to factors such as transaction costs, sample selection, and timing differences associated with index additions and deletions.

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