Investment objective & strategy
As of Oct. 25, 2022 · prospectusObjective. Fidelity Large Cap Value Enhanced Index Fund seeks capital appreciation.
Strategy. Normally investing at least 80% of assets in common stocks included in the Russell 1000 Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell 1000 Value Index . Investing in domestic and foreign issuers. Lending securities to earn income for the fund. Normally investing at least 80% of assets in common stocks included in the Russell 1000 Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell 1000 Value Index . Investing in domestic and foreign issuers. Lending securities to earn income for the fund.
Top holdings
As of Aug. 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BERKSHIRE HATH-B | — | $216.29M | 3.82% |
| Fidelity Cash Central Fund | — | $155.22M | 2.74% |
| JPMORGAN CHASE and CO | — | $148.92M | 2.63% |
| EXXON MOBIL CORP | — | $130.73M | 2.31% |
| JOHNSON&JOHNSON | — | $116.99M | 2.06% |
| CHEVRON CORP | — | $99.38M | 1.75% |
| CISCO SYSTEMS INC | — | $81.56M | 1.44% |
| COMCAST CORP CL A | — | $80.74M | 1.42% |
| PFIZER INC | — | $80.00M | 1.41% |
| BANK OF AMERICA CORPORATION | — | $78.91M | 1.39% |
Portfolio moves
May 31, 2023 → Aug 31, 2023How 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 Core Enhanced Index Fund | 52% | 0.39% |
| Goldman Sachs Variable Insurance Trust Equity Index Fund | 39% | 0.48% |
| ASYMmetric Smart Alpha S&P 500 ETF | 37% | 0.95% |
Footnotes
- Net assets and holdings count as of August 31, 2023, from the fund's N-PORT filing.
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