Fidelity ZERO Large Cap Index
FNILX (NASDAQ)
Fidelity ZERO Large Cap Index (FNILX) is an attractive option for cost-conscious investors, boasting a zero expense ratio while tracking a large-cap index similar to the S&P 500. With a solid one-year return of 15.55% and a five-year return of 84.56%, this fund stands out as a highly rated choice, earning an A- from analysts. Additionally, it offers a dividend yield of 1.02%, making it a compelling choice for those looking to grow their portfolios without incurring high fees.
Pros:
- Zero expense ratio
- Tracks large-cap index effectively
Cons:
- Market risk exposure
- Dependence on large-cap performance
The Fidelity ZERO Large Cap Index (FNILX) presents a viable option for cost-conscious investors seeking exposure to large-cap stocks with minimal fees. Its strong historical performance and modest dividend yield make it suitable for both long-term growth investors and those looking to diversify their portfolios without significant expense ratios.