The Fidelity 500 Index Fund (FXAIX) is a mutual fund that seeks to track the performance of the S&P 500 Index, which is composed of 500 of the largest and most widely held companies in the United States. This fund is designed to provide investors with a low-cost, diversified option for investing in the stock market. With a focus on large-cap companies, the Fidelity 500 Index Fund offers investors exposure to a broad range of industries and sectors within the US economy. As an index fund, it aims to replicate the performance of the S&P 500 Index, making it a passive investment option for those seeking long-term growth potential.
For Mutual Funds, the calculations for the Smart Score, Analyst Consensus, Price Target, Blogger Sentiment, News Sentiment and Insider Transactions are based on the weighted average of the Mutual Fund's holdings and some additional factors. Hedge Fund Trend, Crowd Wisdom and Technicals are based on the actual Mutual Fund ticker.