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.

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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%

Equity Holdings

  • 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)

Apple IncAAPL6.55%
Microsoft CorpMSFT5.45% IncAMZN4.25%
Facebook Inc AFB1.93%
Tesla IncTSLA1.87%
Alphabet Inc AGOOGL1.71%
Alphabet Inc Class CGOOG1.65%
Berkshire Hathaway Inc Class BBRK.B1.38%
Johnson & JohnsonJNJ1.33%
JPMorgan Chase & CoJPM1.22%

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.

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