Despite personnel turnover, this fund is run by a capable team. Our research team assigns Bronze ratings to strategies they’re confident will outperform a relevant index, or most peers ...

The US total stock market fund, for example, had a 6% allocation to small and micro-caps as of February 2025. The international total stock market fund had a similar stake in smaller international ...

The fund’s value-growth and market-cap orientation both mirror the US category average, too. Market-cap weighting consistently guides the index into the largest and most established names.

The fund’s value-growth and market-cap orientation both mirror the US category average, too. Market-cap weighting consistently guides the index into the largest and most established names.

A portion of the underperformance can be explained by the fund’s hybrid approach, which essentially makes it a smid-cap fund. As of February 2025, about 45% of assets were classified by ...

The fund’s value-growth and market-cap orientation both mirror the category average, too. Market-cap weighting consistently guides the index into the largest and most established names.

Should that occur, the fund initially trades 50% of the stock's market cap to protect against one-off fluctuations. This has put a lid on turnover, which has averaged just 8% annually since 2014.

This move is meant to bring the fund's name in accordance with the US SEC's "names rule" requirements that suggest a geography and investment style focus. There are no changes to the investment ...

Fidelity Nasdaq Composite Index Fund earns an Above Average Process Pillar rating. Morningstar's algorithmically assigned Passive Process ratings are first formulated by comparing the historical ...

Our research team assigns Gold ratings to strategies that they have the most conviction will outperform a relevant index, or most peers, over a market cycle on a risk-adjusted basis. Lead managers ...

Turnover has remained low since this fund’s inception, typically under 5%. The end portfolio approximates the contours of the large- and mid-cap market. Its sector composition is in line with ...

The decade-long outperformance of US stocks has provided a long-running tailwind for this fund. The equity sleeve tracks the CRSP US Total Market Index, which provides exposure to nearly every ...