Fidelity ZERO Large Cap Index Mutual Fund (FNILX) seeks to provide investment results that correspond to the total return of stocks of large capitalization U.S. companies. The fund normally invests 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.
This fund is part of the investment company’s foray into mutual funds with no expense ratio. The fund technically follows the Fidelity U.S. Large Cap Index. The real difference is that investor-friendly Fidelity doesn’t have to cough up a licensing fee to use the S&P name, keeping costs lower for investors.
The expense ratio for this fund is 0 percent. That means every $10,000 invested would cost $0 annually. This fund has returned 33.43% over the past year.
Overall Portfolio Composition (%)
- Cash 0.71%
- Stocks 99.28%
- Bonds 0.00%
- Others 0.00%
- Preferred 0.00%
- Convertible 0.00%
- Price/Earnings 27.78
- Price/Book 4.04
- Price/Sales 2.74
- Price/Cashflow 16.58
- Median Market Cap 171,895.42
- Year Earnings Growth 19.97
Sector Weightings (%)
- Basic Materials 2.08%
- Consumer Cyclical 12.08%
- Financial Services 13.15%
- Real Estate 2.79%
- Consumer Defensive 6.45%
- Healthcare 13.82%
- Utilities 2.73%
- Communication Services 11.19%
- Energy 2.29%
- Industrials 8.09%
- Technology 25.34%
Top 10 Holdings (27.34% of Total Assets)
|Facebook Inc A||FB||1.93%|
|Alphabet Inc A||GOOGL||1.71%|
|Alphabet Inc Class C||GOOG||1.65%|
|Berkshire Hathaway Inc Class B||BRK.B||1.38%|
|Johnson & Johnson||JNJ||1.33%|
|JPMorgan Chase & Co||JPM||1.22%|
Therefore, Fidelity ZERO Large Cap Index Fund is best for investors who are interested in high growth and no expense ratio large cap index fund.
I love no expense fund.
There should be more fund that has no expense ratio.
No expense mutual fund will always beat high expense fund.