Fidelity Nasdaq Index Funds Overview and Details

Fidelity Nasdaq Index Funds are a popular choice for investors looking to tap into the growth potential of the tech-heavy Nasdaq Composite Index. These funds track the index, providing broad exposure to the US market.

The Fidelity Nasdaq Index Fund (FNNKX) has a low expense ratio of 0.02%, making it an attractive option for cost-conscious investors. This low fee can save investors a significant amount of money over time.

The fund holds over 3,000 stocks, giving investors a diversified portfolio with minimal tracking error. This diversification can help reduce risk and increase potential returns.

When evaluating the performance of fidelity nasdaq index funds, it's essential to consider the right metrics.

The Fidelity Nasdaq Composite Index Fund has a 5-year annualized return of 14.31%, outpacing the Nasdaq Composite Index's 12.45% return over the same period.

Fidelity's expense ratio for the Nasdaq Composite Index Fund is 0.02%, significantly lower than the average expense ratio for Nasdaq index funds.

The fund's turnover rate is 18%, indicating that the fund managers are actively trading the portfolio to maintain its alignment with the Nasdaq Composite Index.

Fidelity's Nasdaq Composite Index Fund has a beta of 1.06, indicating that its performance is closely tied to the Nasdaq Composite Index.

The fund's standard deviation is 15.46%, indicating a moderate level of volatility compared to the Nasdaq Composite Index's 14.21% standard deviation.

Fees and expenses are an important consideration when investing in Fidelity Nasdaq Index Funds. The maximum sales charge, also known as the front-end load, is typically waived for certain types of accounts.

The maximum CDSC, or contingent deferred sales charge, is 1.00%. This is a fee that may be charged if you sell your shares within a certain period of time.

Expenses, such as the expense ratio, are deducted from your investment to cover the costs of managing the fund. The expense ratio (gross) is not available for this fund.

The expense ratio (net) is also not available for this fund. However, the expense ratio (net of waivers) is not specified.

The expense cap is 0.20%, which is the maximum amount of the expense ratio that can be charged to the fund.

A short-term trading fee may be charged if you trade your shares within a certain period of time, which is 0 Days for this fund.

Management fees, distribution and/or service (12b-1) fees, low balance fees, and short-term trading fees are not specified for this fund.

The Fidelity Nasdaq Composite Index ETF has a legal name that matches its purpose: tracking the Nasdaq Composite Index.

The fund is part of the Fidelity Group of Funds, a well-established and reputable family of investment options.

It was first introduced on October 1, 2003, marking the beginning of this particular investment opportunity.

The fund's shares are denominated in US dollars, making it accessible to investors worldwide.

The Fidelity Nasdaq Composite Index ETF is domiciled in the United States, a key factor for investors considering this fund.

The manager responsible for overseeing the fund's performance is Louis Bottari, a seasoned professional in the field.

The Fidelity Nasdaq Index Fund has a strong historical performance record.

The fund's total returns have been impressive, with some years seeing returns as high as 20% or more.

However, it's essential to note that capital gains can be a significant factor in the fund's performance, with some years seeing total capital gains amounts exceeding $100,000.

Here's a breakdown of the fund's historical data:

These numbers give you a sense of the fund's historical performance and the factors that have contributed to its returns.

The Performance Chart is a valuable tool for investors who want to track the historical performance of a fund. It shows the growth of an initial investment over time, comparing it to a benchmark.

The chart shows that an initial investment of $10,000 in Fidelity NASDAQ Composite Index Fund would have grown to a value of $27,721.51 over the past 10 years, assuming a 15.53% annualized return.

Here's a breakdown of the fund's performance over different time periods:

This performance chart is especially useful for investors who want to understand the long-term growth potential of a fund. It's also a good reminder that past performance is not always indicative of future results.

The fund's performance over the past 10 years has been impressive, with an annualized return of 15.53%. This is significantly higher than the S&P 500 benchmark, which had an annualized return of 11.33% over the same period.

The 52-Week Range is a key metric that shows how much a fund's price has fluctuated over the past year. As of the most recent data available, this range can give you a sense of the fund's volatility and how it has performed in the market.

The term "advisor(s)" is used throughout this site to refer to both investment advisors and broker dealers collectively. This is important to note, as it helps clarify who is being referred to in any given context.

Looking at the 52-Week Range can help you understand how a fund has performed in relation to its peers. By comparing this range to other funds in the same category, you can get a sense of how your investment is doing in comparison to others.

Fidelity NASDAQ Composite Index Fund has been increasing its distributions for 3 consecutive years, providing a 0.58% dividend yield over the last twelve months.

The fund's dividend payout has been steadily increasing, with an annual payout of $1.48 per share in 2024, up from $1.16 in 2022.

Here's a breakdown of the fund's dividend history over the past few years:

The fund's monthly dividend distributions have also been consistent, with a total payout of $1.48 in 2024, broken down into monthly payments of $0.00 in January and February, and $1.48 in December.

Capital Gain Distribution Analysis is a crucial aspect of understanding how a fund distributes its gains. Annually is the most common distribution frequency for capital gains, as seen in the Fidelity NASDAQ Composite Index Fund, which distributes capital gains annually.

The Fidelity NASDAQ Composite Index Fund, for example, distributes capital gains annually, which is also the case for ONEQ. The fund's distribution frequency is consistent with the Capital Gain Distribution Frequency chart, which shows that the fund distributes capital gains annually.

It's worth noting that the distribution frequency can vary depending on the fund's investment strategy and goals. In the case of the Fidelity NASDAQ Composite Index Fund, the annual distribution of capital gains is a deliberate strategy to provide investors with regular returns.

Here's a summary of the capital gain distribution frequency for the Fidelity NASDAQ Composite Index Fund:

This chart illustrates the distribution frequency for the Fidelity NASDAQ Composite Index Fund and its comparison to other funds. The fund's annual distribution of capital gains is consistent with its investment strategy and goals.

Fees & Distributions are a crucial aspect of managing your investments, and it's essential to understand what you're paying for.

The maximum sales charge for a fund can be substantial, with some funds charging up to 8.50% of the fund's assets under management (AUM). This is a significant fee that can eat into your returns.

You can expect to pay between 1.00% and 5.00% of the fund's AUM in deferred loads, depending on the fund's category return. These fees are typically lower than the maximum sales charge.

Management fees can also be a significant expense, with some funds charging up to 2.25% of the fund's AUM. These fees are usually deducted from the fund's assets and can impact your returns.

Here's a breakdown of the fees you might encounter:

In the Total Return Ranking - Calendar, Fidelity NASDAQ Index Fund had a 29.3% return in 2024, ranking 47.32% in its category. The fund's performance in 2023 was even stronger, with a 45.7% return and a ranking of 16.16% in its category.

The fund's sector breakdown is also worth noting. Technology was the largest sector, making up 43.66% of the fund's weighting, with a return range of 0.00% to 65.70%. Consumer Cyclical was the second-largest sector, accounting for 16.09% of the fund's weighting, with a return range of 0.00% to 62.57%.

Here's a breakdown of the fund's sector returns:

The Total Return Ranking (Calendar) is a great way to see how a fund has performed over time. In 2023, ONEQ had a return of 45.7%.

The fund's performance varied over the years. In 2022, it had a return of -32.1%, which was better than the Category Return Low of -61.7%. In contrast, in 2021, ONEQ had a return of 22.1%, which was lower than the Category Return High of 118.1%.

Here's a breakdown of ONEQ's ranking in its category over the years:

As you can see, ONEQ's ranking in its category varied significantly over the years. In some years, it was near the top, while in others, it was near the bottom.

The stock sector breakdown is a crucial aspect of understanding how different sectors of the market are performing. Technology has the highest weighting at 43.66%.

Healthcare has the highest ONEQ % Rank at 85.44%, indicating it has been one of the best-performing sectors. The sector's Return Low is 0.00%, showing no losses.

Consumer Cyclical has a significant weighting of 16.09% and a Return High of 62.57%. This suggests the sector has seen significant gains. Its ONEQ % Rank is 46.77%, placing it in the middle of the pack.

The lowest weighting sector is Utilities, with just 0.92%. Energy is the second-lowest, with a weighting of 0.73%. These sectors have relatively low exposure to the market.

Here is a breakdown of the sectors by their weightings:

Fidelity Nasdaq Index Funds offer a range of pricing and fee structures that can impact your investment returns.

The Net Asset Value (NAV) of a fund is the total value of its assets minus liabilities, and it's typically calculated daily. As of the latest available data, the NAV of Fidelity's Nasdaq Index Fund is ${{price.displayNav | checkDollar}} as of {{price.navDate | replaceByGivenString:'-':'/'}} at {{price.strikeTime | convertTimeAMPM}}.

The fund's 12-month low and high NAVs are ${{fundDetails.priceStatistics.displayTwelveMonthLowNav | checkDollar}} and ${{fundDetails.priceStatistics.displayTwelveMonthHighNav | checkDollar}}, respectively.

You can expect to pay a maximum CDSC (Contingent Deferred Sales Charge) of {{(fundDetails.overview.featureInformation | filter:{featureCode:'64'})[0].featureValue | addPercent}}.

Here's a breakdown of the fund's expenses and fees:

Note that the maximum redemption fee is $1.00% of the fund's assets under management (AUM).

Trading fees can add up quickly, but it's essential to understand what you're paying for. The ONEQ fees stand at 0% of AUM.

The max redemption fee for ONEQ is not applicable, which is a relief for investors who want to withdraw their funds without incurring additional costs.

Category returns can vary, with a low of 1.00% and a high of 2.00%. This is a significant range, and investors should consider this when evaluating the fund's performance.

ONEQ's rank in its category is not available, which makes it difficult to compare its fees to those of other funds.

The pricing of a fund can be a bit complex, but let's break it down. The Net Asset Value (NAV) is the current market value of the fund's shares, which is ${{price.displayNav | checkDollar}} as of {{price.navDate | replaceByGivenString:'-':'/'}} at {{price.strikeTime | convertTimeAMPM}}.

Over the past 12 months, the fund's NAV has ranged from ${{fundDetails.priceStatistics.displayTwelveMonthLowNav | checkDollar}} to ${{fundDetails.priceStatistics.displayTwelveMonthHighNav | checkDollar}}. You can also see the monthly low and high NAV values.

On the current date, the fund's NAV is ${{fundDetails.priceStatistics.displayDailyNavAm | checkDollar}}. If you're interested in long-term performance, the fund's 13-week and 39-week moving averages are ${{fundDetails.priceStatistics.displayThirteenWeekMovingAverageNav | checkDollar}} and ${{fundDetails.priceStatistics.displayThirtyNineWeekMovingAverageNav | checkDollar}}, respectively.

Here's a summary of the fund's pricing statistics: