Consider that the top 10 positions in this fund tally 44% of the entire portfolio to make it even more top-heavy than the FXAIX. Of course, this tech focus brings with it some challenges. In fact, some of the biggest stocks on Wall Street, including Microsoft, Apple and ( AMZN) are all Nasdaq-listed names. FNCMX comprises roughly 3,100 stocks listed on the Nasdaq Composite exchange.Īs most investors probably know, the Nasdaq tends to be populated by more tech-oriented companies than the roughly 230-year old New York Stock Exchange (NYSE). If you're looking for an alternative index fund to the S&P 500, consider the Fidelity Nasdaq Composite Index Fund ( FNCMX, $189.26). Learn more about FXAIX at the Fidelity provider site. Furthermore, while the makeup isn't terribly creative, the fees are incredibly cheap at just a few dollars a year for most investors. Still, many of these companies are big for a reason and investors might not be turned off by the weightings. In this respect, the idea of the S&P being built by 500 total companies doesn't tell the whole story a small list of heavy hitters can move this index more than other stocks. And when you add up the top 10 positions, you get 27% or so of the fund's total assets. So trillion-dollar tech stocks like MSFT and AAPL represent more than 10% of the entire portfolio combined. The major drawback, if there is one, is that the S&P 500 is weighted by market capitalization. And its make up gives investors access to all the big names, including Microsoft ( MSFT) and Apple ( AAPL). When it comes to Fidelity funds, FXAIX is one of the simplest ways to get broad exposure to the domestic equities market.Īs the name implies, it is benchmarked to the S&P 500 Index, which is the top 500 publicly traded corporations listed on U.S. stock market index of choice for the majority of investors is the Fidelity 500 Index Fund ( FXAIX, $155.97). Assets under management: $353.3 billion.So always do your own research and act with your own unique goals and risk tolerance in mind.
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Just keep in mind that all investing decisions are personal, and what works for one investor might not fit in perfectly with another.
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Whether you're interested in growth stocks or income from bonds, you're likely to find something that fits with your portfolio here – sometimes, in the same single fund! Here are 15 of the best Fidelity funds that cover a wide variety of investing approaches. Chances are you've owned a Fidelity product in some account or another across your investing life.īut with more than 300 mutual fund options on top of dozens of exchange-traded products, where do you start if you're looking for the top Fidelity funds for your own personal goals?
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The asset manager was established just after World War II and was one of the early leaders in the employer-led retirement plan space after the 401(k) made its debut roughly 40 years ago. Fidelity is one of the most iconic names on Wall Street, and Fidelity funds are among the most respected investment vehicles on the planet.