02-08-2021, 08:48 PM
Fidelity Nasdaq Composite Fund
<!-- SC_OFF --><div class="md"><p>Just came across Fidelity’s Nasdaq Composite Fund (FNCXM). It seeks to track the entire Nasdaq Composite Index and not just the Nasdaq 100 like what QQQ does. Seems like this would be a good Innovation Fund since it covers over 2,400 stocks in the Nasdaq and all market caps. It is still very top heavy (top ten holdings account for 44% of the fund) but there is more diversification here than what QQQ offers. It has a low turnover (17%) and low expense ratio (0.29%) too. Any thoughts?</p> <p>Fact sheet: <a href="https://fundresearch.fidelity.com/mutual-funds/fundfactsheet/315912709">https://fundresearch.fidelity.com/mutual-funds/fundfactsheet/315912709</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Homefront325"> /u/Homefront325 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/lf4gmz/fidelity_nasdaq_composite_fund/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/lf4gmz/fidelity_nasdaq_composite_fund/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Just came across Fidelity’s Nasdaq Composite Fund (FNCXM). It seeks to track the entire Nasdaq Composite Index and not just the Nasdaq 100 like what QQQ does. Seems like this would be a good Innovation Fund since it covers over 2,400 stocks in the Nasdaq and all market caps. It is still very top heavy (top ten holdings account for 44% of the fund) but there is more diversification here than what QQQ offers. It has a low turnover (17%) and low expense ratio (0.29%) too. Any thoughts?</p> <p>Fact sheet: <a href="https://fundresearch.fidelity.com/mutual-funds/fundfactsheet/315912709">https://fundresearch.fidelity.com/mutual-funds/fundfactsheet/315912709</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Homefront325"> /u/Homefront325 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/lf4gmz/fidelity_nasdaq_composite_fund/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/lf4gmz/fidelity_nasdaq_composite_fund/">[comments]</a></span>Kind Regards R