Fidelity ZERO Large Cap Index Fund

Frequently Asked Questions About FNILX

What does FNILX invest in?

The fund principally commits a minimum of 80% of its total capital to the equities of substantial companies. These holdings are specifically selected to replicate the performance of the Fidelity U.S. Large Cap Index, a benchmark whose constituents are weighted based on their float-adjusted market capitalization. This index aims to track the returns generated by leading U.S. company stocks. For the purposes of this fund, large-capitalization stocks refer to the shares of the 500 largest corporations in the United States, as determined by their float-adjusted market capitalization.

What is the expense ratio of FNILX?

Fidelity ZERO Large Cap Index Fund (FNILX) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FNILX?

Fidelity ZERO Large Cap Index Fund (FNILX) manages $19.04B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FNILX actively managed or an index fund?

FNILX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FNILX launched?

Fidelity ZERO Large Cap Index Fund (FNILX) launched in September 2018 and is managed by Fidelity.

How has FNILX performed?

FNILX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.