Fidelity NASDAQ Composite Index Fund
FNCMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jan 8, 2003
- CIK
- 0000819118
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity NASDAQ Composite Index Fund (FNCMX) is an open-end mutual fund that seeks to provide investment results corresponding to the price and yield performance of the NASDAQ Composite Index, a market capitalization-weighted index of over 3,000 common equities listed on the NASDAQ Stock Market; the fund normally invests at least 80% of its assets in common stocks included in the index, utilizing a representative sampling indexing strategy to track the benchmark while minimizing tracking error. It offers investor shares with no front-end or deferred loads, a net expense ratio of 0.29%, and a minimum initial investment of $0, making it accessible to retail and institutional investors seeking large growth equity exposure. The fund's portfolio composition mirrors the index's heavy weighting in technology, consumer discretionary, and healthcare sectors, with top holdings typically including leading NASDAQ-listed companies such as Apple, Microsoft, and NVIDIA. FNCMX operates as a series of Fidelity Concord Street Trust, with administrative headquarters at 245 Summer Street, Boston, Massachusetts, and traces its inception to June 10, 1996. Geographically, the fund invests primarily in U.S.-listed securities traded on the NASDAQ exchange, targeting long-term investors including individuals, retirement plans, and institutional portfolios focused on growth-oriented equities. In recent developments, the fund has maintained stable operations with no major mergers, acquisitions, or strategic shifts reported in 2024 or 2025; it continues under the management of Fidelity Management & Research Company LLC (FMRCo), with assets under management reaching approximately $23.65 billion as of late 2025, reflecting sustained inflows amid strong NASDAQ performance. The fund adheres to its passive indexing mandate without notable product launches, partnerships, or reorganizations, prioritizing low-cost replication of the benchmark index.