Investment objective & strategy
As of March 27, 2026 · prospectusObjective. Fidelity Series Large Cap Value Index Fund seeks to provide investment results that correspond to the total return of stocks of large capitalization United States companies.
Strategy. Normally investing at least 80% of assets in securities of companies in the Russell 1000 Value Index. The Russell 1000 Value Index is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. It includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth rates. The stocks of these companies are often called "value" stocks. Effective March 24, 2025, the Russell 1000 Value Index applies a capping methodology. Index constituents are capped quarterly so that no more than 22.5% of the index weight may be allocated to a single constituent, and the sum of the weights of all constituents representing more than 4.5% of the index should … Normally investing at least 80% of assets in securities of companies in the Russell 1000 Value Index. The Russell 1000 Value Index is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. It includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth rates. The stocks of these companies are often called "value" stocks. Effective March 24, 2025, the Russell 1000 Value Index applies a capping methodology. Index constituents are capped quarterly so that no more than 22.5% of the index weight may be allocated to a single constituent, and the sum of the weights of all constituents representing more than 4.5% of the index should not exceed 45% of the total index weight. For periods prior to March 24, 2025, the index was uncapped. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Lending securities to earn income for the fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BERKSHIRE HATH-B | — | $307.96M | 2.82% |
| JPMORGAN CHASE and CO | — | $288.70M | 2.65% |
| ALPHABET INC CL A | — | $242.06M | 2.22% |
| AMAZON.COM INC | — | $219.23M | 2.01% |
| EXXON MOBIL CORP | — | $207.59M | 1.90% |
| ALPHABET INC CL C | — | $197.78M | 1.81% |
| JOHNSON&JOHNSON | — | $190.00M | 1.74% |
| WALMART INC | — | $162.06M | 1.49% |
| MICRON TECHNOLOGY INC | — | $161.02M | 1.48% |
| PROCTER & GAMBLE | — | $123.87M | 1.14% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Large Cap Value Index Fund · FLCOX | 99% | 0.03% |
| Schwab U.S. Large-Cap Value Index Fund · SWLVX | 99% | 0.03% |
| Goldman Sachs MarketBeta(R) Russell 1000 Value Equity ETF · GVUS | 95% | 0.12% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
| Geode Capital Management, LLC | Sub-adviser |
Footnotes
- Expense ratio as of March 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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