Fidelity ZERO Large Cap Index Fund (FNILX) is an exchange-traded fund (ETF) that tracks the Fidelity U.S. Large Cap Index. It is a no-fee fund that is part of a family of funds available to individual investors who have Fidelity brokerage accounts. FNILX covers the large-cap universe, while FZIPX targets the mid- and small-cap universe. Using these funds together allows you to create a U.S. stock market index fund portfolio with very low costs.
FNILX tracks the Fidelity U.S. Large Cap Index, which is a market-cap-weighted index of the top 500 stock in the U.S. market. The index is constructed to closely track the performance of the S&P 500 Index, but with slightly different weightings. The index is rebalanced quarterly and has an expense ratio of 0.28%.
The Fidelity ZERO Large Cap Index Fund is a great choice for investors looking for a low-cost way to gain exposure to the large-cap U.S. stock market. The fund has a low expense ratio and is completely free of any management fees, providing investors with an efficient way to invest in the U.S. stock market. In addition, the fund is highly liquid, with high daily trading volume and tight bid-ask spreads.
One of the main benefits of invest in FNILX is that it offers low cost access to the U.S. stock market. The fund has a low expense ratio and is completely free of any management fees, making it an attractive option for cost-conscious investors. In addition, the fund is highly liquid, with high daily trading volume and tight bid-ask spreads. This makes it easy to buy and sell shares without incurring large transaction costs.
Another advantage of FNILX is that it provides investors with exposure to a broad basket of domestic large-cap stock. The fund tracks the Fidelity U.S. Large Cap Index, which is composed of the top 500 stock in the U.S. market. This provides investors with diversified exposure to the U.S. stock market, which is a great way to reduce risk and improve returns.
The performance of FNILX has been strong since its inception in 2018. The fund has returned an average of 13.5% annually over the last three years, outperforming the S&P 500 Index. The fund has also outperformed its benchmark index in all but one of the past three calendar years. This is a testament to the fund’s ability to capture gains from the U.S. stock market.
Overall, FNILX is a great option for investors looking for a low-cost way to gain exposure to the U.S. stock market. The fund has a low expense ratio and is completely free of any management fees, providing investors with an efficient way to invest in the U.S. stock market. In addition, the fund has a strong track record of outperforming its benchmark index, making it a great choice for long-term investors.
