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Fidelity® 500 Index FXAIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
152.79  /  0.47 %
Total Assets
343.3 Bil
Adj. Expense Ratio
0.015%
Expense Ratio
0.015%
Fee Level
Low
Longest Manager Tenure
12.49 years
Category
Large Blend
Investment Style
Large Blend
Min. Initial Investment
0
Status
Open
TTM Yield
1.31%
Turnover
7%

USD | NAV as of Jul 28, 2021 | 1-Day Return as of Jul 28, 2021, 9:33 PM GMT+00:00

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Morningstar’s Analysis

Will FXAIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FXAIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the FXAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of FXAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A well-constructed portfolio with an attractive price tag.

Associate Analyst

Summary

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Fidelity® 500 Index is one of the cheapest options for well-diversified, low-turnover, low-cost exposure to U.S. large-cap stocks. It delivers high-fidelity replication of the performance of the S&P 500, a market-cap-weighted portfolio representative of the large-blend Morningstar Category. Its razor-thin expense ratio gives the fund a durable performance edge over its category peers. These considerations earn it a Morningstar Analyst Rating of Gold.

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