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23 important things you should know about Fidelity Investments FXAIX mutual fund

Updated: July 07, 2021
100
Bull Case
  • High net assets
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • Low expense ratio
  • No sales load or distribution fees
Bear Case
  • No Bear case arguments for now!

Before we start: if you’re looking for FXAIX “stock” price, you can quickly find it out by visiting Finny and typing "FXAIX quote". If you’re looking for a quick scoop on FXAIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "FXAIX". You’ll get all this info in one place.

Are you looking to buy or sell FXAIX? Or perhaps you’re looking for FXAIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this FXAIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: FXAIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: FXAIX buy or sell; the pros and cons of investing in FXAIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to FXAIX.

And here is the list of questions we’ll answer:

  1. Describe Fidelity Concord Street Trust: Fidelity 500 Index Fund; Institutional Premium Class (FXAIX).
  2. What are FXAIX holdings?
  3. What is FXAIX performance? What are FXAIX historical returns?
  4. How many up and down years did FXAIX have historically?
  5. What is FXAIX dividend yield?
  6. What is FXAIX minimum initial investment amount?
  7. What is FXAIX expense ratio?
  8. Does FXAIX have any sales loads or 12b-1 distribution expenses?
  9. What is FXAIX tax efficiency (tax-cost ratio)?
  10. What is FXAIX beta? How would you assess FXAIX risk?
  11. What is FXAIX Sharpe ratio?
  12. What is FXAIX Finny Score? FXAIX buy or sell?
  13. What are the pros of investing in FXAIX? What are FXAIX buy reasons?
  14. What are the cons of investing in FXAIX? What are FXAIX sell reasons?
  15. Compare and contrast: FXAIX vs IVV.
  16. Compare and contrast: FXAIX vs QQQ.
  17. Compare and contrast: FXAIX vs VTI.
  18. Compare and contrast: FXAIX vs ITOT.
  19. Compare and contrast: FXAIX vs SPY.
  20. Compare and contrast: FXAIX vs VOO.
  21. Compare and contrast: FXAIX vs FBALX.
  22. Compare and contrast: FXAIX vs FBGKX.

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Fidelity Concord Street Trust: Fidelity 500 Index Fund; Institutional Premium Class (FXAIX).

The Fund seeks a total return which corresponds to that of the S&P 500 Index. The Fund invests at least 80% of its assets in common stocks included in the Index. The Fund may lend securities to earn income and uses statistical sampling techniques in stock selection.

2. What are FXAIX top holdings?

FXAIX has 505 stock holdings and 0 bond holdings.

The top 10 holdings represent 27.76% of total assets. Here are the top holdings:

Name Symbol % Assets
Apple Inc AAPL 6.63%
Microsoft Corp MSFT 5.67%
Amazon.com Inc AMZN 4.78%
Facebook Inc A FB 2.24%
Alphabet Inc A GOOGL 1.57%
Alphabet Inc Class C GOOG 1.54%
Berkshire Hathaway Inc Class B BRK.B 1.50%
Johnson & Johnson JNJ 1.40%
Procter & Gamble Co PG 1.23%
Visa Inc Class A V 1.20%

3. What is FXAIX performance? What are FXAIX historical returns?

FXAIX has generated the following returns:

  • 1-month return is 3.55%;
  • 3-month return is 8.67%;
  • 1-year return is 8.67%;
  • 3-year return is 19.05%;
  • 5-year return is 17.89%;
  • 10-year return is 14.81%.

4. How many up and down years did FXAIX have historically?

In the last 10 years, FXAIX had 9 up years and 1 down year.

FXAIX up and down years

5. What is FXAIX dividend yield?

FXAIX yield is 1.31%.

6. What is FXAIX minimum initial investment amount?

FXAIX minimum initial investment amount is N/A.

7. What is FXAIX expense ratio?

FXAIX expense ratio is 0.02%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

FXAIX expenses

8. Does FXAIX have any sales loads or 12b-1 distribution expenses?

FXAIX 12b-1 distribution fee is 0. FXAIX front-end sales load is 0. FXAIX back-end sales load is 0.

9. What is FXAIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.65%;
  • 3-year ax cost ratio is 0.69%.
FXAIX tax costs

10. What is FXAIX beta? How would you assess FXAIX risk?

FXAIX Beta

11. What is FXAIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.95;
  • 5-year Sharpe ratio is 1.09;
  • 10-year Sharpe ratio is 1.04;
  • 15-year Sharpe ratio is 0.68.
FXAIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 100. Our quantitative analysis shows 6 reasons to buy and 0 reasons to sell it, resulting in the Finny Score of 100.

13. What are the pros of investing in FXAIX? What are FXAIX buy reasons?

The following are FXAIX strengths from our perspective:

  • FXAIX net assets are $343.34 billion. This fund is a popular choice with retail and institutional investors.
  • FXAIX 3-year return is 19.05%, which is in line with the 3-year return of the benchmark index (S&P 500 TR USD), 19.06%.
  • FXAIX 5-year return is 17.89%, which is in line with the 5-year return of the benchmark index (S&P 500 TR USD), 17.9%.
  • FXAIX 10-year return is 14.81%, which is in line with the 10-year return of the benchmark index (S&P 500 TR USD), 14.82%.
  • FXAIX expense ratio is 0.02%, which is considered low. Nice job picking a low-cost fund.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in FXAIX? What are FXAIX negatives?

There are no visible red flags.

Alternatives

15. Compare and contrast: FXAIX vs IVV.

FXAIX is a mutual fund, whereas IVV is an ETF. FXAIX has a higher 5-year return than IVV (17.89% vs 17.86%). FXAIX has a lower expense ratio than IVV (0.02% vs 0.03%). Below is the comparison between FXAIX and IVV.

FXAIX IVV
Segment Equity: U.S. - Large Cap
Net Assets $343.34B $286.99B
Expense Ratio 0.02% 0.03%
Management Style N/A passive (index-based)
Underlying Index N/A S&P 500
YTD Return 16.74% 16.78%
1-Year Return 8.67% 41.12%
3-Year Return 19.05% 19.03%
5-Year Return 17.89% 17.86%
10-Year Return 14.81% 14.77%
Dividend Yield 1.31% 1.35%

IVV profile: The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index. Uses a replication strategy to try to track the Index, which includes approximately 77% of the market capitalization of all publicly traded US equity securities.

For further information, check out FXAIX vs IVV comparison details.

16. Compare and contrast: FXAIX vs QQQ.

FXAIX is a mutual fund, whereas QQQ is an ETF. FXAIX has a lower 5-year return than QQQ (17.89% vs 28.15%). FXAIX has a lower expense ratio than QQQ (0.02% vs 0.2%). Below is the comparison between FXAIX and QQQ.

FXAIX QQQ
Segment Equity: U.S. - Large Cap
Net Assets $343.34B $177.01B
Expense Ratio 0.02% 0.2%
Management Style N/A passive (index-based)
Underlying Index N/A NASDAQ-100 Index
YTD Return 16.74% 14.58%
1-Year Return 8.67% 43.02%
3-Year Return 19.05% 28.51%
5-Year Return 17.89% 28.15%
10-Year Return 14.81% 21.22%
Dividend Yield 1.31% 0.53%

QQQ profile: The Fund seeks to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Index measures the average performance of a broadly diversified group of equity securities issued by 100 of the largest non-financial companies listed on The NASDAQ Stock Market, Inc.

For further information, check out FXAIX vs QQQ comparison details.

17. Compare and contrast: FXAIX vs VTI.

FXAIX is a mutual fund, whereas VTI is an ETF. FXAIX has a lower 5-year return than VTI (17.89% vs 18.11%). FXAIX has a lower expense ratio than VTI (0.02% vs 0.03%). Below is the comparison between FXAIX and VTI.

FXAIX VTI
Segment Equity: U.S. - Total Market
Net Assets $343.34B $252.63B
Expense Ratio 0.02% 0.03%
Management Style N/A passive (index-based)
Underlying Index N/A CRSP US Total Market Index
YTD Return 16.74% 16.47%
1-Year Return 8.67% 44.58%
3-Year Return 19.05% 19.07%
5-Year Return 17.89% 18.11%
10-Year Return 14.81% 14.66%
Dividend Yield 1.31% 1.3%

VTI profile: The Fund seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. The Fund employs an indexing investment approach to track the performance of the CRSP US Total Market Index. The Fund invests by holding a collection of securities that approximates the Index.

For further information, check out FXAIX vs VTI comparison details.

18. Compare and contrast: FXAIX vs ITOT.

FXAIX is a mutual fund, whereas ITOT is an ETF. FXAIX has a lower 5-year return than ITOT (17.89% vs 18.03%). FXAIX has a lower expense ratio than ITOT (0.02% vs 0.03%). Below is the comparison between FXAIX and ITOT.

FXAIX ITOT
Segment Equity: U.S. - Total Market
Net Assets $343.34B $40.09B
Expense Ratio 0.02% 0.03%
Management Style N/A passive (index-based)
Underlying Index N/A S&P Total Market Index
YTD Return 16.74% 16.53%
1-Year Return 8.67% 43.85%
3-Year Return 19.05% 18.94%
5-Year Return 17.89% 18.03%
10-Year Return 14.81% 14.68%
Dividend Yield 1.31% 1.29%

ITOT profile: The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of its Underlying Index. The Fund Advisor uses a "passive" approach to try to achieve this. The Fund will invest at least 90% of its total assets in the securities of its Underlying Index.

For further information, check out FXAIX vs ITOT comparison details.

19. Compare and contrast: FXAIX vs SPY.

FXAIX is a mutual fund, whereas SPY is an ETF. FXAIX has a higher 5-year return than SPY (17.89% vs 17.77%). FXAIX has a lower expense ratio than SPY (0.02% vs 0.09%). Below is the comparison between FXAIX and SPY.

FXAIX SPY
Segment Equity: U.S. - Large Cap
Net Assets $343.34B $374.03B
Expense Ratio 0.02% 0.09%
Management Style N/A passive (index-based)
Underlying Index N/A S&P 500
YTD Return 16.74% 16.77%
1-Year Return 8.67% 41%
3-Year Return 19.05% 18.94%
5-Year Return 17.89% 17.77%
10-Year Return 14.81% 14.69%
Dividend Yield 1.31% 1.33%

SPY profile: The Trust seeks investment results that, before expenses, generally correspond to the price and yield performance of the component common stocks of the S&P 500 Index.

For further information, check out FXAIX vs SPY comparison details.

20. Compare and contrast: FXAIX vs VOO.

FXAIX is a mutual fund, whereas VOO is an ETF. FXAIX has a higher 5-year return than VOO (17.89% vs 17.86%). FXAIX has a lower expense ratio than VOO (0.02% vs 0.03%). Below is the comparison between FXAIX and VOO.

FXAIX VOO
Segment Equity: U.S. - Large Cap
Net Assets $343.34B $232.65B
Expense Ratio 0.02% 0.03%
Management Style N/A passive (index-based)
Underlying Index N/A S&P 500
YTD Return 16.74% 16.82%
1-Year Return 8.67% 41.16%
3-Year Return 19.05% 19.04%
5-Year Return 17.89% 17.86%
10-Year Return 14.81% 14.78%
Dividend Yield 1.31% 1.4%

VOO profile: The Fund seeks to track the performance of its benchmark index, the S&P 500. The Fund employs an indexing investment approach. The Fund attempts to replicate the target index by investing all of its assets in the stocks that make up the Index with the same approximate weightings as the Index.

For further information, check out FXAIX vs VOO comparison details.

21. Compare and contrast: FXAIX vs FBALX.

Both FXAIX and FBALX are mutual funds. FXAIX has a higher 5-year return than FBALX (17.89% vs 14.75%). FXAIX has a lower expense ratio than FBALX (0.02% vs 0.52%). Below is the comparison between FXAIX and FBALX.

FXAIX FBALX
Segment U.S. Balanced: Allocation--50% to 70% Equity
Net Assets $343.34B $36.57B
Expense Ratio 0.02% 0.52%
Management Style N/A active
Underlying Index N/A N/A
YTD Return 16.74% 12.1%
1-Year Return 8.67% 6.16%
3-Year Return 19.05% 16.53%
5-Year Return 17.89% 14.75%
10-Year Return 14.81% 11.5%
Dividend Yield 1.31% 1.02%

FBALX profile: The Fund seeks income and capital growth by investing 60% of its assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral. It invests at least 25% in fixed-income senior securities.

For further information, check out FXAIX vs FBALX comparison details.

22. Compare and contrast: FXAIX vs FBGKX.

Both FXAIX and FBGKX are mutual funds. FXAIX has a lower 5-year return than FBGKX (17.89% vs 29.89%). FXAIX has a lower expense ratio than FBGKX (0.02% vs 0.69%). Below is the comparison between FXAIX and FBGKX.

FXAIX FBGKX
Segment
Net Assets $343.34B $8.68B
Expense Ratio 0.02% 0.69%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 16.74% 15.69%
1-Year Return 8.67% 10.18%
3-Year Return 19.05% 30.92%
5-Year Return 17.89% 29.89%
10-Year Return 14.81% 20.39%
Dividend Yield 1.31% N/A

FBGKX profile: The Fund seeks long-term growth of capital by investing at least 65% of total assets in domestic or foreign blue chip firms (those with a market capitalization of at least $200 million, if the firm's stock is included in the S&P 500 or the Dow Jones Industrial average, or $1 billion if not included in either Index).

For further information, check out FXAIX vs FBGKX comparison details.

In the FXAIX review, we covered FXAIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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