Fidelity ZERO Large Cap Index Fund
Fund
FNILX
Price as of:
$17.99
+ $0.22
+ 1.24%
Primary Theme
fund company
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.8%
1 yr return
25.4%
3 Yr Avg Return
7.8%
5 Yr Avg Return
13.6%
Net Assets
$7.61 B
Holdings in Top 10
30.6%
52 WEEK LOW AND HIGH
$17.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FNILX - Profile
Distributions
- YTD Total Return 6.8%
- 3 Yr Annualized Total Return 7.8%
- 5 Yr Annualized Total Return 13.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.36%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFidelity ZERO Large Cap Index Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateSep 27, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLouis Bottari
Fund Description
Normally investing at least 80% of assets in common stocks of large capitalization companies included in the Fidelity U.S. Large Cap IndexSM, 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℠.Lending securities to earn income for the fund.
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FNILX - Performance
Return Ranking - Trailing
| Period | FNILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.8% | -3.2% | 11.2% | 37.51% |
| 1 Yr | 25.4% | -1.1% | 41.3% | 21.96% |
| 3 Yr | 7.8%* | -12.2% | 26.8% | 33.55% |
| 5 Yr | 13.6%* | -9.7% | 105.9% | 15.17% |
| 10 Yr | N/A* | -0.3% | 20.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FNILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 25.7% | -42.6% | 47.4% | 8.08% |
| 2022 | -20.6% | -56.3% | -4.2% | 42.38% |
| 2021 | 25.4% | -27.2% | 53.7% | 12.33% |
| 2020 | 19.7% | -36.2% | 2181.7% | 6.87% |
| 2019 | 30.2% | -22.7% | 40.4% | 8.53% |
Total Return Ranking - Trailing
| Period | FNILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.8% | -3.2% | 11.2% | 37.51% |
| 1 Yr | 25.4% | -1.1% | 41.3% | 21.96% |
| 3 Yr | 7.8%* | -12.2% | 26.8% | 33.55% |
| 5 Yr | 13.6%* | -9.7% | 105.9% | 15.17% |
| 10 Yr | N/A* | -0.3% | 20.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FNILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 27.4% | -5.0% | 47.4% | 15.04% |
| 2022 | -19.4% | -36.8% | -2.2% | 70.79% |
| 2021 | 26.7% | 3.0% | 124.3% | 49.63% |
| 2020 | 21.1% | -15.8% | 2266.0% | 15.86% |
| 2019 | 31.8% | -0.4% | 241.3% | 19.02% |
NAV & Total Return History
FNILX - Holdings
Concentration Analysis
| FNILX | Category Low | Category High | FNILX % Rank | |
|---|---|---|---|---|
| Net Assets | 7.61 B | 2.34 M | 1.55 T | 19.42% |
| Number of Holdings | 518 | 1 | 4053 | 10.22% |
| Net Assets in Top 10 | 2.43 B | 885 K | 387 B | 22.09% |
| Weighting of Top 10 | 30.58% | 0.3% | 112.0% | 70.09% |
Top 10 Holdings
- MICROSOFT CORP 7.11%
- APPLE INC 6.48%
- NVIDIA CORP 3.65%
- AMAZON.COM INC 3.39%
- META PLATFORMS INC CL A 2.08%
- ALPHABET INC CL A 1.99%
- ALPHABET INC CL C 1.70%
- BERKSHIRE HATHAWAY INC CL B 1.68%
- TESLA INC 1.25%
- BROADCOM INC 1.25%
Asset Allocation
| Weighting | Return Low | Return High | FNILX % Rank | |
|---|---|---|---|---|
| Stocks | 99.59% | 0.00% | 124.03% | 21.23% |
| Cash | 0.39% | 0.00% | 99.06% | 74.84% |
| Bonds | 0.01% | -0.50% | 93.78% | 8.96% |
| Other | 0.01% | -13.91% | 100.00% | 36.16% |
| Preferred Stocks | 0.00% | 0.00% | 2.38% | 64.23% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 62.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FNILX % Rank | |
|---|---|---|---|---|
| Technology | 26.03% | 0.00% | 48.94% | 21.52% |
| Healthcare | 14.19% | 0.00% | 60.70% | 58.88% |
| Financial Services | 12.97% | 0.00% | 55.59% | 69.60% |
| Consumer Cyclical | 10.82% | 0.00% | 30.33% | 44.88% |
| Communication Services | 8.67% | 0.00% | 27.94% | 42.80% |
| Industrials | 7.85% | 0.00% | 29.90% | 82.40% |
| Consumer Defense | 7.13% | 0.00% | 47.71% | 40.16% |
| Energy | 4.21% | 0.00% | 41.64% | 44.88% |
| Real Estate | 2.94% | 0.00% | 31.91% | 39.28% |
| Utilities | 2.78% | 0.00% | 20.91% | 45.52% |
| Basic Materials | 2.43% | 0.00% | 25.70% | 62.80% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FNILX % Rank | |
|---|---|---|---|---|
| US | 99.59% | 0.00% | 124.03% | 17.22% |
| Non US | 0.00% | 0.00% | 62.81% | 69.50% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FNILX % Rank | |
|---|---|---|---|---|
| Government | 7.91% | 0.00% | 100.00% | 3.54% |
| Cash & Equivalents | 0.36% | 0.00% | 100.00% | 66.93% |
| Derivative | 0.01% | -3.07% | 18.04% | 26.77% |
| Securitized | 0.00% | 0.00% | 52.16% | 62.03% |
| Corporate | 0.00% | 0.00% | 100.00% | 66.80% |
| Municipal | 0.00% | 0.00% | 2.10% | 61.61% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FNILX % Rank | |
|---|---|---|---|---|
| US | 0.01% | -0.50% | 93.78% | 8.96% |
| Non US | 0.00% | 0.00% | 10.46% | 61.01% |
FNILX - Expenses
Operational Fees
| FNILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | N/A | 0.01% | 16.07% | 99.84% |
| Management Fee | 0.00% | 0.00% | 1.89% | 0.55% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| FNILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FNILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
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.
| FNILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 5.00% | 0.00% | 496.00% | 13.43% |
FNILX - Distributions
Dividend Yield Analysis
| FNILX | Category Low | Category High | FNILX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.02% | 0.00% | 26.27% | 53.43% |
Dividend Distribution Analysis
| FNILX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| FNILX | Category Low | Category High | FNILX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.36% | -54.00% | 6.06% | 10.67% |
Capital Gain Distribution Analysis
| FNILX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.004 | OrdinaryDividend |
| Dec 18, 2023 | $0.222 | OrdinaryDividend |
| Dec 19, 2022 | $0.205 | OrdinaryDividend |
| Dec 06, 2021 | $0.161 | OrdinaryDividend |
| Dec 07, 2020 | $0.161 | OrdinaryDividend |
| Dec 16, 2019 | $0.131 | OrdinaryDividend |
| Dec 17, 2018 | $0.035 | OrdinaryDividend |
FNILX - Fund Manager Analysis
Managers
Louis Bottari
Start Date
Tenure
Tenure Rank
Sep 13, 2018
3.72
3.7%
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.
Robert Regan
Start Date
Tenure
Tenure Rank
Sep 13, 2018
3.72
3.7%
Robert Regan is a Portfolio Manager. He has been with Geode since 2016. Prior to joining Geode, Mr. Regan was a Senior Implementation Portfolio Manager at State Street Global Advisors from 2008 to 2016. Previously, Mr. Regan was employed by PanAgora Asset Management from 1997 to 2008, most recently as a Portfolio Manager. Mr. Regan began his career at Investors Bank and Trust.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.24 | 2.42 |