Fidelity NASDAQ Composite Index Fund (FNCMX)
Fidelity NASDAQ Composite Index Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $338.51, up 0.55% on the session, giving a market capitalisation of $27.89B. Its beta of 1.22 implies it has historically moved more than the broad market.
This fund primarily allocates a significant portion—at least 80%—of its total assets to common equity securities that are constituents of its benchmark index. To construct an investment portfolio whose overall characteristics closely mirror those of the complete index, the fund employs an advanced statistical sampling methodology. This strategy meticulously evaluates various financial criteria, including market capitalization, sector representation, dividend payout rates, price-to-earnings (P/E) and price-to-book (P/B) ratios, and the pace of earnings expansion. Furthermore, the fund generates additional revenue by lending out its underlying securities.
Fidelity NASDAQ Composite Index Fund is most often compared with the following Financial Services names: