| Previous Close | 95.87 |
|---|---|
| Expense Ratio (net) | N/A |
| Category | N/A |
| Last Cap Gain | N/A |
| Morningstar Rating | N/A |
What is the parent pillar of FXAIX?
The Parent Pillar is our rating of FXAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
What is the Fidelity 500 index?
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.
Does market cap weighting affect stocks?
However, market-cap weighting can expose the index to significant stock- or sector-level concentration during the market’s intermittent manic episodes. This can tilt the portfolio towards richly valued names or sectors, such was the case at the height of the technology bubble. Nonetheless, in the long run, the benefits of broad diversification, low turnover, and a low fee outweigh these drawbacks.
Will FXAIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
