![]() Learn more about FXAIX at the Fidelity provider site. Still, FXAIX is one of the most popular Fidelity mutual funds because it's easy to understand, affordable, and a good way to generally play the movements of the broader stock market. In fact, that duo of trillion-dollar tech stocks Microsoft and Apple represent nearly 14% of the total portfolio all by themselves. ![]() It's a list of the largest stocks, and it's weighted in a way where the bigger companies carry more influence than the smaller ones. ![]() The only major drawback is that the S&P 500 isn't particularly complicated or elegant. And since it's a fixed index instead of actively managed, it's incredibly cheap when it comes to annual fees. This means that FXAIX is a simple way to access many of the big blue chip stocks you're looking for, including Microsoft ( MSFT) and Apple ( AAPL). And the Fidelity 500 Index Fund ( FXAIX, $155.07), like many similar index funds out there, is benchmarked to this fixed list of large-cap stocks. stock market, many investors gravitate to the S&P 500 Index of the 500 largest companies on Wall Street. If you're looking for the simplest way to invest in the U.S.
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