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FUSEX Fidelity® 500 Index Investor

  • Fund
  • FUSEX
  • Price as of: Dec 06, 2016
  • $78.11
  • + $0.27
  • + 0.35%
  • Category
  • Large Cap Blend Equities

FUSEX - Profile

Vitals

  • YTD Return 8.8%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 13.5%
  • Net Assets $102 B
  • Holdings in Top 10 18.7%

52 WEEK LOW AND HIGH

$78.11
$64.42
$78.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.10%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 5.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 10.5%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 13.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Fidelity® 500 Index Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Feb 17, 1988
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick Waddell

Fund Description

The Fidelity Spartan 500 Index Fund (FUSEX) is an actively managed mutual fund that is advised by Fidelity Management & Research Company. The fund was launched on February 17, 1988 and is managed by Patrick Waddell, Louis Bottari, Peter Matthew and Deane Gyllenhaal. The fund currently has about $78 billion in assets under management (AUM). This fund was formerly known as the Spartan US Equity Fund. This is a no-transaction-fee fund from Fidelity.

The fund’s primary objective is to provide investment returns that correspond to the total return performance of common stocks publicly traded in the United States. This fund tracks the S&P 500 very closely as it aims to invest 80% of its total assets in stocks included in the index. The fund tends to own each of the S&P 500 holdings as they are weighted in the index. With its S&P 500 concentration, this fund aims to give investors direct exposure to the overall U.S. market.

The fund is compiled primarily of stock issued in the United States. The majority of its holdings are medium sized or larger. On a sector basis, the fund is well balanced, as it picks holdings based on the sector base of the S&P 500. The largest sectors by portfolio weight are information technology, financial services and healthcare.

The fund is subject to regular stock market risks including management risks, political risks, regulatory risks and economic developments. The fund may also be prone to volatility, issuer-specific changes or correlation risks. Investors that invest in the fund are shielded by some risks due to its diversification. Investors also benefit from the fund’s low expenses and low annual portfolio turnover rate.

The fund requires an initial investment of at least $2,500 for both regular and IRA accounts. Each additional investment requires a minimum $500 deposit.

FUSEX - Performance

Return Ranking - Trailing

Period FUSEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.8% -82.7% 187.8% 34.14% 2
1 Yr 4.4% -51.7% 28.0% 53.22% 3
3 Yr 8.7% * -14.4% 16.8% 12.91% 1
5 Yr 13.5% * -1.0% 19.1% 41.45% 3
10 Yr 6.6% * -0.2% 10.6% 29.14% 2

* Annualized


Return Ranking - Calendar

Period FUSEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.4% -46.9% 5.7% 14.92% 1
2014 11.3% -51.7% 19.5% 15.88% 1
2013 29.7% -88.0% 41.8% 35.52% 2
2012 13.5% -100.0% 42.8% 37.43% 3
2011 0.0% -27.1% 13.3% 20.96% 2

Total Return Ranking - Trailing

Period FUSEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.5% -82.7% 192.1% 23.37% 2
1 Yr 4.4% -52.5% 142.7% 52.97% 3
3 Yr 8.7% * -5.3% 57.6% 12.82% 1
5 Yr 13.5% * -1.0% 19.1% 36.06% 2
10 Yr 6.6% * -0.2% 10.6% 26.68% 2

* Annualized


Total Return Ranking - Calendar

Period FUSEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.3% -40.3% 13.0% 18.24% 1
2014 14.5% -24.8% 54.2% 29.25% 2
2013 36.1% -93.4% 1119.1% 64.96% 4
2012 18.7% -100.0% 282.8% 52.86% 3
2011 2.4% -43.5% 45.5% 21.47% 2

NAV & Total Return History

FUSEX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FUSEX Category Low Category High FUSEX % Rank Quintile
Net Assets 102 B 9.87 K 482 B 0.57% 1
Number of Holdings 510 1 3780 4.53% 1
Net Assets in Top 10 20 B 13.1 K 69.4 B 0.50% 1
Weighting of Top 10 18.7% 2.2% 297.1% 28.78% 4

Top 10 Holdings

  1. Apple Inc 3.10%
  2. Exxon Mobil Corp 1.84%
  3. Microsoft Corp 2.28%
  4. Johnson & Johnson 1.64%
  5. General Electric Co 1.35%
  6. Berkshire Hathaway Inc B 1.39%
  7. Facebook Inc A 1.51%
  8. AT&T Inc 1.27%
  9. Amazon.com Inc 1.67%
  10. Fidelity Revere Str Tr 2.64%

Asset Allocation

Weighting Category Low Category High FUSEX % Rank Quintile
Stocks
96.35% 0.00% 118.62% 16.15% 4
Other
2.64% -81.75% 100.00% 2.81% 1
Cash
0.97% -113.00% 132.07% 20.43% 4
Bonds
0.05% -13.88% 111.67% 7.39% 2
Convertible Bonds
0.00% 0.00% 83.08% 1.87% 5
Preferred Stocks
0.00% 0.00% 90.60% 3.67% 5

Stock Sector Breakdown

Weighting Category Low Category High FUSEX % Rank Quintile
Technology
18.11% 0.00% 63.16% 14.35% 3
Healthcare
14.13% 0.00% 30.94% 13.41% 3
Financial Services
13.49% 0.00% 46.84% 20.69% 4
Consumer Cyclical
10.52% 0.00% 47.61% 17.95% 3
Industrials
10.28% 0.00% 48.43% 17.88% 3
Consumer Defense
9.48% 0.00% 48.03% 11.61% 3
Energy
6.93% -3.67% 22.58% 12.11% 3
Communication Services
4.25% -3.08% 17.25% 7.71% 2
Utilities
3.13% -3.74% 25.88% 8.72% 2
Basic Materials
2.62% 0.00% 23.55% 14.20% 3
Real Estate
2.34% -0.11% 12.73% 10.60% 2

Stock Geographic Breakdown

Weighting Category Low Category High FUSEX % Rank Quintile
US
95.97% 0.00% 118.15% 12.45% 2
Non US
0.38% -0.64% 94.30% 23.53% 4

Bond Sector Breakdown

Weighting Category Low Category High FUSEX % Rank Quintile
Cash & Equivalents
1.01% -112.98% 131.77% 20.14% 4
Securitized
0.00% -3.93% 51.96% 3.62% 5
Derivative
0.00% -61.02% 46.77% 1.09% 5
Corporate
0.00% 0.00% 95.85% 8.33% 5
Municipal
0.00% 0.00% 67.28% 2.25% 5
Government
0.00% -13.88% 76.37% 5.94% 5

Bond Geographic Breakdown

Weighting Category Low Category High FUSEX % Rank Quintile
US
0.05% -13.88% 96.88% 7.27% 2
Non US
0.00% 0.00% 22.63% 4.68% 5

FUSEX - Expenses

Operational Fees

FUSEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.10% 0.02% 303.36% 21.57% 1
Management Fee 0.02% 0.00% 2.25% 7.18% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

FUSEX Fees (% of AUM) Category Low Category High FUSEX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

FUSEX Fees (% of AUM) Category Low Category High FUSEX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FUSEX Fees (% of AUM) Category Low Category High FUSEX Rank Quintile
Turnover 5.00% 0.00% 1754.00% 16.40% 1

FUSEX - Distributions

Dividend Yield Analysis

FUSEX Category Low Category High FUSEX % Rank Quintile
Dividend Yield 1.3% 0.00% 11.20% 2.47% 1

Dividend Distribution Analysis

FUSEX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FUSEX Category Low Category High FUSEX % Rank Quintile
Net Income Ratio 2.02% -2.05% 3.95% 3.82% 1

Capital Gain Distribution Analysis

FUSEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

FUSEX - Managers

Patrick Waddell

Manager

Start Date

Feb 29, 2004

Tenure

12.68

Tenure Rank

3.3%

Waddell has been a Portfolio Manager with Geode since July 2006. Previously, he was an Assistant Portfolio Manager with Geode since 2004. In addition to his portfolio management responsibilities, Waddell is responsible for quantitative research and new product development. Prior to joining Geode, he was employed by Fidelity in 1997 and served as a Senior Portfolio Assistant from 2002 to 2004.


Louis Bottari

Manager

Start Date

Jan 31, 2009

Tenure

7.75

Tenure Rank

6.4%

Mr. Bottari has been an Assistant Portfolio Manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.


Peter Matthew

Manager

Start Date

Aug 31, 2012

Tenure

4.17

Tenure Rank

9.7%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.


Deane Gyllenhaal

Manager

Start Date

Sep 30, 2014

Tenure

2.09

Tenure Rank

12.8%

Since joining Geode in 2014, Mr. Gyllenhaal has worked as a senior portfolio manager. Prior to joining Geode, Mr. Gyllenhaal was a senior portfolio manager at Hartford Investment Management from 2006 to 2014.


Thomas Brussard

Manager

Start Date

Aug 31, 2016

Tenure

0.17

Tenure Rank

15.3%

Thomas Brussard, Jr., CFA, has been an Assistant Portfolio Manager with Geode since 2016. Prior to that, Mr. Brussard was a Portfolio Manager Assistant with Geode since 2015 and a Senior Trade Operations Associate since 2011. Prior to joining Geode in 2011, Mr. Brussard was employed by Fidelity Investments from 2006 to 2011.


Tenure Analysis

Category Low

0.0

Category High

81.1

Category Average

6.08

Category Mode

1.9