What type of fund is FNILX? (2024)

What type of fund is FNILX?

Fidelity U.S. Large Cap Index is a float-adjusted market capitalization-weighted index designed to reflect the performance of the U.S. equity market, including large-capitalization stocks. This index is a subset of the Fidelity U.S. Total Investable Market Index representing the largest companies.

Is FNILX a mutual fund or index fund?

FNILX - Fidelity ZERO ® Large Cap Index Fund.

Is FNILX a S&P 500?

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.

Is FNILX actively managed?

Fidelity ZERO Large Cap Index (FNILX) is a passively managed U.S. Equity Large Blend fund.

What type of funds are index funds?

An “index fund” is a type of mutual fund or exchange-traded fund that seeks to track the returns of a market index. The S&P 500 Index, the Russell 2000 Index, and the Wilshire 5000 Total Market Index are just a few examples of market indexes that index funds may seek to track.

Why is FNILX so cheap?

FNILX has a zero expense ratio, so no management fees nibbling away at your compound interest. However, when looked into what was sacrificed the dividend percentage was lowered by a lot.

Is FNILX a good fund to invest in?

Fidelity ZERO Large Cap Index Fund (FNILX)

Investors looking for a large-cap fund option for their portfolios would have a difficult time finding a more affordable option. FNILX's average annual returns has topped the average of its large-cap blend Morningstar category over the past one, three and five years.

Will FNILX pay dividends?

FAQ. Does Fidelity ZERO Large Cap Index Fund pay dividends? Yes, FNILX has paid a dividend within the past 12 months.

What is FNILX invested in?

Is FNILX better than S&P 500?

Fidelity ZERO Large Cap Index Fund (FNILX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.18% and 3.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same.

Which Fidelity fund has the highest return?

FNCMX's 10-year average annual return is the best of our Fidelity fund selections, but its heavy tech weighting makes it volatile. The bulk of the fund's holdings are large-cap stocks. Growth stocks predominate. Clinging to its index keeps the fund's annual turnover rate low and its annual fee reasonable.

What is the target price for FNILX?

FNILX Mutual Fund FAQ

What is FNILX's average 12-month price target, according to analysts? Based on analyst ratings, Fidelity ZERO Large Cap Index Fund's 12-month average price target is $20.59.

What does FNILX consist of?

What index fund does Warren Buffett use?

He owns a small bit of each in his portfolio for Berkshire, too. The two investments held in Berkshire Hathaway's portfolio that Buffett recommends more than anything else are two S&P 500 index funds. The SPDR S&P 500 ETF Trust (NYSEMKT: SPY) and the Vanguard S&P 500 ETF (NYSEMKT: VOO).

What are the big 3 index funds?

Within the world of corporate governance, there has hardly been a more important recent development than the rise of the 'Big Three' asset managers—Vanguard, State Street Global Advisors, and BlackRock.

What is the cheapest S&P 500 index fund?

Our recommendation for the best overall S&P 500 index fund is the Fidelity 500 Index Fund. With a 0.015% expense ratio, it's the cheapest on our list. And it doesn't have a minimum initial investment requirement, sales loads or trading fees. Over the last 10 years, FXAIX has returned an annualized 12.02%.

Should I invest in FNILX or FXAIX?

FXAIX - Performance Comparison. The year-to-date returns for both investments are quite close, with FNILX having a 4.51% return and FXAIX slightly higher at 4.58%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.

What is the minimum investment in FNILX?

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

What's the difference between FNILX and FXAIX?

FNILX is the Fidelity ZERO Large Cap Index Fund that was created in 2018. It boasts a 0.00% expense ratio. FXAIX is the Fidelity 500 Index Fund and has been around since 1988. While not quite a zero-fee fund, FXAIX's expense ratio is 0.015% making it an almost equally affordable option.

Is Fidelity index fund a mutual fund?

At Fidelity, we're committed to giving you value you can't find anywhere else. That's why we introduced zero expense ratio index mutual funds.

What is the difference between a mutual fund and an index fund?

The main difference is that index funds are passively managed, while most other mutual funds are actively managed, which changes the way they work and the amount of fees you'll pay.

Are index funds different from mutual funds?

An index fund is a type of mutual fund or exchange-traded fund designed to mirror the performance of a certain market index, like the S&P 500 or the Dow Jones Industrial Average. Another name for an index fund is a passive fund. Mutual funds are pooled investment funds that professional investors manage.

Is index fund a mutual fund?

Index funds FAQs

Index funds are mutual funds or exchange-traded funds (ETFs) that aim to track the performance of a market index, such as the S&P 500. Index funds are mutual funds or exchange-traded.