FNILX - Fidelity ZERO ® Large Cap Index Fund (2024)

FAQs

Is fidelity zero large cap index FNILX good? ›

Overall Rating. Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 1292 funds within its Morningstar Category. How is it determined?

The fund has returned 10.56 percent over the past year, 9.70 percent over the past three years, and 10.99 percent over the past five years.

Zero expense ratio index funds

Offering the industry's first Zero expense ratio index mutual funds offered directly to investors. With no account fees and no minimums to open a retail brokerage account, including IRAs.

FNILX, the Fidelity ZERO Large Cap Index Fund, is a fund focused on large stocks with zero transaction fees for Fidelity customers and no management fees. FXAIX, the Fidelity 500 Index Fund, is Fidelity's version of the S&P 500 index fund and charges extremely low fees. Here's a closer look at FNILX vs.

Based on 512 Wall Street analysts offering 12 month price targets to Fidelity ZERO Large Cap Index Fund holdings in the last 3 months. The average price target is $22.37 with a high forecast of $26.27 and a low forecast of $18.52. The average price target represents a 16.13% change from the last price of $19.26.

Fidelity ZERO Large Cap Index Fund FNILX

YTD Return is adjusted for possible sales charges, and assumes reinvestment of dividends and capital gains.

Since FNILX and FXAIX are both mutual funds, they will have the same tax efficiency and tax loss harvesting options. In particular, both mutual funds will have a similar tax efficiency since they are both mutual funds and because they have a very similar portfolio composition.

Risk is Above Average compared to funds in the same category according to Morningstar.

How does FNILX work? ›

About FNILX

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.

As with other mutual funds, when you buy shares in an index fund you're pooling your money with other investors. The pool of money is used to purchase a portfolio of assets that duplicates the performance of the target index. Dividends, interest and capital gains are paid out to investors regularly.

The Fidelity Zero Large Cap Index (FNILX) is one of the best index funds tracking the S&P 500. The cheapest major Nasdaq-100 index fund we track is the Invesco NASDAQ 100 ETF (QQQM).

Overall Rating. Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 1292 funds within its Morningstar Category.

There is a 0% expense ratio and no minimums to invest in FNILX.

Large-cap equity portfolios often serve as an investor's core holding. The portfolios can be growth-, value-, or blend-oriented and typically focus on the top 70% of the capitalization of the US equity market. Index funds generally don't try to beat the market by opportunistically buying or selling securities.

About FNILX

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.