Fidelity® 500 Index Fund

Overview

The Fidelity 500 Index Fund tracks the S&P 500 index, one of the main benchmarks for U.S. stocks. The index covers about 80% of the investable market capitalization of the U.S. equity market.

The S&P 500 has been widely touted by many experts as a good addition to retirement portfolios because it is broadly diversified across all sectors. It can also withstand volatility because it is not focused on one industry.

The fund seeks to provide results that fall in line with the performance of common stocks publicly traded in the United States, according to Fidelity. The total return includes capital changes and income.

As of November 27, 2023, the fund has assets totaling almost $407.60 billion invested in 508 different holdings.

The fund has returned 10.14 percent over the past year, 10.35 percent over the past three years, 11.00 percent over the past five years and 11.17 percent over the past decade.

The fund launched in October 2005. Parent company Fidelity is one of the oldest mutual fund providers and offers a wide array of mutual funds and other investment products and services, including a number of sector funds.