Investment objective & strategy
As of July 11, 2025 · prospectusObjective. Fidelity Flex Large Cap Focused Index Fund seeks to provide investment results that correspond to the total return of stocks of large capitalization U.S. companies.
Strategy. Normally investing at least 80% of assets in securities of large capitalization companies included in the Fidelity U.S. Large Cap Focused IndexSM. The Fidelity U.S. Large Cap Focused Index SM is designed to reflect the performance of stocks of large capitalization U.S. companies. Large capitalization stocks are considered to be stocks of the largest 500 U.S. companies based on float-adjusted market capitalization. The Fidelity U.S. Large Cap Focused Index SM was created by Fidelity Product Services LLC (FPS) using a rules-based proprietary index methodology that includes all U.S. stocks meeting certain market capitalization, liquidity and investability requirements. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors … Normally investing at least 80% of assets in securities of large capitalization companies included in the Fidelity U.S. Large Cap Focused IndexSM. The Fidelity U.S. Large Cap Focused Index SM is designed to reflect the performance of stocks of large capitalization U.S. companies. Large capitalization stocks are considered to be stocks of the largest 500 U.S. companies based on float-adjusted market capitalization. The Fidelity U.S. Large Cap Focused Index SM was created by Fidelity Product Services LLC (FPS) using a rules-based proprietary index methodology that includes all U.S. stocks meeting certain market capitalization, liquidity and investability requirements. Effective December 11, 2025, 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. Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and earnings growth to attempt to replicate the returns of the Fidelity U.S. Large Cap Focused IndexSM. Lending securities to earn income for the fund.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $13.10M | 6.89% |
| APPLE INC | — | $11.95M | 6.28% |
| MICROSOFT CORP | — | $9.86M | 5.18% |
| ALPHABET INC CL A | — | $6.73M | 3.54% |
| AMAZON.COM INC | — | $5.80M | 3.05% |
| BROADCOM INC | — | $5.68M | 2.99% |
| TESLA INC | — | $4.29M | 2.26% |
| META PLATFORMS INC CL A | — | $4.09M | 2.15% |
| ALPHABET INC CL C | — | $3.89M | 2.05% |
| JPMORGAN CHASE and CO | — | $3.14M | 1.65% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| iShares Russell Top 200 ETF · IWL | 68% | 0.15% |
| VOYA RUSSELLTM LARGE CAP INDEX PORTFOLIO · IRLIX, IIRLX, IRLCX, IRLUX | 68% | 0.36% |
| Goldman Sachs MarketBeta U.S. Equity ETF · GSUS | 68% | 0.07% |
Footnotes
- Expense ratio as of July 11, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
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