About FNCMX
The Fidelity Nasdaq Composite Index Fund is a mutual fund designed to closely track the performance of the Nasdaq Composite Index. Its primary function is to provide investors with exposure to a broad spectrum of companies listed on the Nasdaq, emphasizing innovation-driven sectors such as technology, consumer discretionary, and communication services. The fund achieves this through a diversified portfolio, yet a significant concentration is evident in large-cap growth stocks, with its top holdings including industry leaders like Apple, Microsoft, NVIDIA, Amazon, and Meta Platforms. This portfolio structure reflects the dominant role of technology in the index, with over half of the fund’s assets represented by its top ten holdings. Managed with a low expense ratio, the fund appeals to investors seeking cost-efficient access to the growth potential of U.S. equities, especially those in fast-evolving industries. As part of the large-growth mutual fund category, the Fidelity Nasdaq Composite Index Fund plays a critical role in providing broad-market participation and diversification within technology-leaning investment strategies.
Fund Family Fidelity
Category Large Growth
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FNCMX
Index NASDAQ Composite TR
FNCMX had a total return of 20.96% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.17%.
