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FNCMX Fidelity® Nasdaq Composite Index®

  • Fund
  • FNCMX
  • Price as of: Jun 21, 2019
  • $104.75 - $0.27 - 0.26%
  • Category
  • Large Cap Growth Equities

FNCMX - Profile

Vitals

  • YTD Return 21.7%
  • 3 Yr Annualized Return 19.1%
  • 5 Yr Annualized Return 12.7%
  • Net Assets $6.26 B
  • Holdings in Top 10 40.6%

52 WEEK LOW AND HIGH

$104.75
$81.85
$106.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.40%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 21.7%
  • 3 Yr Annualized Total Return 19.7%
  • 5 Yr Annualized Total Return 13.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fidelity® NASDAQ Composite Index® Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Sep 25, 2003
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Louis Bottari

Fund Description

The Fidelity NASDAQ Composite Index Fund (FNCMX) provides low-cost exposure to large-cap U.S. growth equities. The fund is designed to track the NASDAQ Composite Index and is passively managed. FNCMX invests at least 80% of its net assets in the same concentrations as the index since the NASDAQ covers all the main sectors of the market. However, the NASDAQ is traditionally a tech, health care and financial index.

As an inexpensive index fund covering large-cap growth stocks, FNCMX makes an ideal core choice for investors seeking growth. The fund is managed by Fidelity Management & Research Company and Geode Capital Management.

FNCMX - Performance

Return Ranking - Trailing

Period FNCMX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.7% -4.9% 35.9% 34.97%
1 Yr 3.4% -63.6% 14.6% 18.72%
3 Yr 19.1%* -39.0% 22.4% 1.15%
5 Yr 12.7%* -31.7% 22.5% 1.43%
10 Yr 16.0%* -12.8% 16.5% 0.65%

* Annualized


Return Ranking - Calendar

Period FNCMX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.0% -65.5% 5.0% 11.26%
2017 28.3% -24.8% 41.0% 7.35%
2016 7.7% -56.6% 18.1% 6.49%
2015 5.2% -38.0% 11.4% 5.24%
2014 13.1% -52.4% 105.4% 4.32%

Total Return Ranking - Trailing

Period FNCMX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.7% -2.8% 37.6% 29.79%
1 Yr 3.4% -63.6% 21.0% 40.60%
3 Yr 19.7%* -39.0% 29.8% 8.97%
5 Yr 13.4%* -31.7% 31.3% 8.70%
10 Yr 16.9%* -12.8% 19.7% 4.53%

* Annualized


Total Return Ranking - Calendar

Period FNCMX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.0% -65.5% 16.5% 34.56%
2017 29.2% -24.8% 48.9% 27.61%
2016 8.8% -56.6% 26.8% 12.98%
2015 5.3% -38.0% 17.3% 26.40%
2014 14.5% -52.4% 120.7% 7.07%

NAV & Total Return History

FNCMX - Holdings

Concentration Analysis

FNCMX Category Low Category High FNCMX % Rank
Net Assets 6.26 B 898 K 195 B 19.16%
Number of Holdings 2038 6 2038 0.09%
Net Assets in Top 10 3.18 B 519 K 54.6 B 17.84%
Weighting of Top 10 40.58% 13.6% 2509.4% 41.04%

Top 10 Holdings

  1. E-mini NASDAQ 100 Futures June19 13.32%

  2. Microsoft Corp 5.70%

  3. Amazon.com Inc 5.38%

  4. Apple Inc 5.38%

  5. Facebook Inc A 2.62%

  6. Alphabet Inc Class C 2.37%

  7. Alphabet Inc A 2.03%

  8. Cisco Systems Inc 1.39%

  9. Intel Corp 1.29%

  10. Comcast Corp Class A 1.09%


Asset Allocation

Weighting Return Low Return High FNCMX % Rank
Stocks
86.56% 19.56% 119.98% 96.84%
Cash
12.78% -2478.14% 57.26% 1.41%
Bonds
0.66% -0.01% 2458.15% 3.34%
Preferred Stocks
0.00% 0.00% 14.01% 14.15%
Other
0.00% -13.96% 43.00% 20.39%
Convertible Bonds
0.00% 0.00% 2.62% 3.08%

Stock Sector Breakdown

Weighting Return Low Return High FNCMX % Rank
Technology
42.77% 0.00% 61.29% 5.01%
Consumer Cyclical
14.45% 0.00% 34.98% 62.83%
Healthcare
8.76% 0.00% 95.23% 91.48%
Financial Services
6.03% 0.00% 39.70% 92.71%
Industrials
4.69% 0.00% 25.15% 89.54%
Consumer Defense
4.31% 0.00% 17.04% 56.15%
Communication Services
3.13% 0.00% 14.31% 24.52%
Real Estate
1.26% 0.00% 10.55% 39.02%
Utilities
0.40% -0.01% 14.39% 30.84%
Basic Materials
0.39% 0.00% 12.25% 76.98%
Energy
0.33% 0.00% 15.19% 64.15%

Stock Geographic Breakdown

Weighting Return Low Return High FNCMX % Rank
US
82.86% 6.81% 118.91% 88.31%
Non US
3.70% 0.00% 91.64% 54.75%

Bond Sector Breakdown

Weighting Return Low Return High FNCMX % Rank
Cash & Equivalents
12.78% -2478.14% 57.26% 1.33%
Government
0.66% 0.00% 2458.15% 2.92%
Derivative
0.00% -0.05% 2451.41% 48.06%
Securitized
0.00% 0.00% 15.88% 49.03%
Corporate
0.00% 0.00% 48.13% 57.51%
Municipal
0.00% 0.00% 1.62% 48.85%

Bond Geographic Breakdown

Weighting Return Low Return High FNCMX % Rank
US
0.66% -0.01% 2458.15% 3.25%
Non US
0.00% -0.29% 12.71% 3.25%

FNCMX - Expenses

Operational Fees

FNCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.00% 15.15% 95.61%
Management Fee 0.24% 0.00% 1.44% 4.66%
12b-1 Fee 0.06% 0.00% 1.00% 21.16%
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

FNCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FNCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.75% 0.05% 5.00% 94.87%

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.

FNCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 650.00% 11.25%

FNCMX - Distributions

Dividend Yield Analysis

FNCMX Category Low Category High FNCMX % Rank
Dividend Yield 0.01% 0.00% 0.12% 11.25%

Dividend Distribution Analysis

FNCMX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FNCMX Category Low Category High FNCMX % Rank
Net Income Ratio 0.90% -14.30% 2.62% 9.49%

Capital Gain Distribution Analysis

FNCMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

FNCMX - Managers

Louis Bottari

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2009

10.33

10.3%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior 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

Tenure

Tenure Rank

Aug 31, 2012

6.75

6.8%

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

Tenure

Tenure Rank

Sep 30, 2014

4.67

4.7%

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.


Robert Regan

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2016

2.41

2.4%

Since joining Geode in 2016, Mr. Regan has worked as a portfolio manager. Prior to joining Geode, Mr. Regan was senior implementation portfolio manager at State Street Global Advisors from 2008 to 2016.


Manav Verma

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2018

1.17

1.2%

Since joining Geode in 2018, Mr. Verma has worked as a portfolio manager. Prior to joining Geode, Mr. Verma was a portfolio manager with Northern Trust Asset Management from 2013-2017.


Tenure Analysis

Category Low

0.0

Category High

51.44

Category Average

8.61

Category Mode

0.08