Fund Evaluator:

Fidelity Series Large Cap Stock Overview

Fidelity Series Large Cap Stock (FGLGX) is an actively managed U.S. Equity Large Blend fund. Fidelity Investments launched the fund in 2012.

The investment seeks long-term growth of capital. The fund normally invests at least 80% of assets in common stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500 ® Index). It invests in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both.

About Fidelity Series Large Cap Stock (FGLGX)

There are 1 members of the management team with an average tenure of 13.57 years: Matthew Fruhan (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Fidelity Series Large Cap Stock has 180 securities in its portfolio. The top 10 holdings constitute 42.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Fidelity Series Large Cap Stock is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Series Large Cap Stock has 10.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.8%. There is 10.1% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Series Large Cap Stock has 3.7% of the portfolio in cash.

Assets Under Management

The fund has $28 billion in total assets, which is above the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FGLGX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Series Large Cap Stock expense ratio is low compared to funds in the Large Blend category. Fidelity Series Large Cap Stock has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Series Large Cap Stock has a portfolio turnover rate of 17%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of June 2026, Fidelity Series Large Cap Stock returned 0.4%, which earned it a grade of B, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Fidelity Series Large Cap Stock has a trailing yield of 1.18%, which is above the 0.56% category average. The fund normally distributes its income semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Fidelity Series Large Cap Stock Grades

Year to date, the fund has returned 10.6%, 1.5 percentage points better than the category, which translates into a grade of B. The fund has returned 25.9% over the past year (grade of A), 25.4% over the past three years (grade of A) and 17.1% per year over the past five years (grade of A) and 16.7% per year over the past 10 years (grade of A).

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