Fund Evaluator:

Fidelity Series Large Cp Grwth Idx Overview

Fidelity Series Large Cp Grwth Idx (FHOFX) is a passively managed U.S. Equity Large Growth fund. Fidelity Investments launched the fund in 2018.

The investment seeks to provide investment results that correspond to the total return of stocks of large capitalization U.S. companies. The fund normally invests at least 80% of assets in securities of companies with large market capitalizations included in the Russell 1000® Growth Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. The advisor uses statistical sampling techniques to attempt to replicate the returns of the Russell 1000® Growth Index.

About Fidelity Series Large Cp Grwth Idx (FHOFX)

There are 5 members of the management team with an average tenure of 7.58 years: Louis Bottari (2018), Payal Gupta (2019), Peter Matthew (2018), Navid Sohrabi (2019), Robert Regan (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. Fidelity Series Large Cp Grwth Idx has 374 securities in its portfolio. The top 10 holdings constitute 54.4% 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 Cp Grwth Idx is part of the Equity global asset class and is within the U.S. Equity fund group. Fidelity Series Large Cp Grwth Idx has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.7%. There is 0.3% allocated to foreign stock, and 0.0% 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 Cp Grwth Idx has -0.0% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is below the $2 billion average for the Large Growth 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.

FHOFX 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 Cp Grwth Idx expense ratio is low compared to funds in the Large Growth category. Fidelity Series Large Cp Grwth Idx 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 Cp Grwth Idx has a portfolio turnover rate of 28%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of July 2026, Fidelity Series Large Cp Grwth Idx returned -4.8%, which earned it a grade of D, as the Large Growth category had an average return of -3.1%. 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 Cp Grwth Idx has a trailing yield of 0.52%, which is above the 0.06% category average. The fund normally distributes its income semi-annually and its capital gains 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 Cp Grwth Idx Grades

Year to date, the fund has returned 0.3%, 3.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 8.0% over the past year (grade of C), 19.3% over the past three years (grade of B) and 11.9% per year over the past five years (grade of A).

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