Fidelity 500 Index Fund
FXAIX (NASDAQ)
The Fidelity 500 Index Fund (FXAIX) is an attractive option for investors looking for a cost-effective way to gain exposure to the S&P 500, featuring no minimum investment and impressively low fees. With a solid 1.12% dividend yield and remarkable 19.59% return over the past year, this fund stands out as a highly rated choice, earning a consensus rating of Moderate Buy. Its performance is on par with other top competitors like VOO and SPY, making it a reliable vehicle for long-term growth in the stock market.
Pros:
- Cost-effective with no minimum investment
- Tracks S&P 500 performance
Cons:
- Market risk exposure
- Dependence on large-cap performance
The Fidelity 500 Index Fund (FXAIX) is well-suited for long-term investors seeking a low-cost option to track the performance of the S&P 500, particularly those who value a solid dividend yield and historical growth potential. Its competitive returns and absence of minimum investment make it an accessible choice for both novice and experienced investors aiming to diversify their portfolios.
