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.

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.

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).

Fidelity 500 Index Fund (FXAIX)

Since inception, FXAIX has delivered a strong 11% annualized return, earning it a five-star Morningstar rating. The fund benefits from a low 0.015% expense ratio and a minimal 2% portfolio turnover rate that makes it both affordable and tax efficient.

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 $22.54 with a high forecast of $26.34 and a low forecast of $18.58. The average price target represents a 13.04% change from the last price of $19.94.

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 do you make money from index funds? ›

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.

FZROX pays a dividend of <$0.01 per share.

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

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.

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. From 2.25% to 1.28% according to yahoo finance. That's a 0.97% difference.

Long-Term Investor: large cap mutual funds are known to perform well over a long period of time. Given that there are minimal risks, and it is not completely risk-free, these funds are known to face short-term market fluctuations. Therefore, it is advised to stay invested in these funds for the long term.