Fidelity NASDAQ Composite Index Fund (FNCMX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 1.22: the stock has moved about 22% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFidelity NASDAQ Composite Index Fund (FNCMX) trades at $346.45. Fidelity NASDAQ Composite Index Fund (FNCMX) aims to replicate the performance of the NASDAQ Composite Index by investing in its constituent stocks. Sector: Financials.
Price as of · Last analyzed: Mar 18, 2026Analyst Coverage for FNCMX: FNCMX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Fidelity NASDAQ Composite Index Fund (FNCMX) Financial Services Profile
Fidelity NASDAQ Composite Index Fund (FNCMX) seeks to mirror the NASDAQ Composite Index through statistical sampling, focusing on capitalization, industry exposures, and valuation ratios. With a $22.71 billion market cap, the fund provides investors exposure to a broad range of NASDAQ-listed companies, excluding dividend income.
What Is the Investment Thesis for FNCMX?
FNCMX offers a straightforward way to gain exposure to the NASDAQ Composite Index. With a beta of 1.22, the fund exhibits slightly higher volatility than the market. The fund's primary value driver is its ability to closely track the performance of the NASDAQ Composite Index, providing diversification across a broad range of technology and growth-oriented companies. A key catalyst is the continued growth and innovation within the technology sector, which drives the overall performance of the NASDAQ. However, potential risks include market downturns and fluctuations in the technology sector, which could negatively impact the fund's returns. Given the absence of dividend yield, returns are solely dependent on capital appreciation.
Based on FMP financials and quantitative analysis
FNCMX Key Highlights
Market capitalization of $22.71 billion, reflecting its significant size and broad market exposure.
- Beta of 1.22 indicates slightly higher volatility compared to the overall market.
- The fund invests at least 80% of its assets in common stocks included in the NASDAQ Composite Index.
- Employs statistical sampling techniques to replicate the investment profile of the NASDAQ Composite Index.
- Engages in securities lending to generate additional income for the fund.
Who Are FNCMX's Competitors?
FNCMX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BBIEX Bridge Builder International Equity Fund | $15.74 | +0.77% | $25.2B | — |
| FFFHX Fidelity Freedom 2050 Fund | $17.86 | +0.90% | $26.1B | — |
| FLPSX Fidelity Low-Priced Stock Fund | $41.36 | +0.51% | $21.1B | — |
| JARTX Janus Henderson Forty Fund | $55.34 | +1.43% | $24.6B | — |
| JHQCX JPMorgan Hedged Equity Fund | $35.02 | +0.32% | $18.5B | — |
| BLK BlackRock, Inc. | $1066.45 | +0.64% | $165B | 51 5-pillar |
| BX Blackstone Inc. | $112.52 | +0.69% | $136B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | 0.00% | $74.8B | 56 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FNCMX's Key Strengths?
Low expense ratio.
- Efficient tracking of the NASDAQ Composite Index.
- Strong brand reputation of Fidelity Investments.
- Diversified exposure to NASDAQ-listed companies.
What Are FNCMX's Weaknesses?
No dividend yield.
- Performance is entirely dependent on the NASDAQ Composite Index.
- Limited potential for outperformance compared to actively managed funds.
- Vulnerable to market downturns and fluctuations in the technology sector.
What Are the Key Risks for FNCMX?
Market downturns and economic recessions impacting overall stock market performance.
- Fluctuations in the technology sector affecting the NASDAQ Composite Index.
- Competition from other index funds and ETFs.
- Regulatory changes affecting the asset management industry.
What Are FNCMX's Competitive Advantages?
- Strong brand recognition and reputation of Fidelity Investments.
- Low expense ratio compared to actively managed funds.
- Efficient tracking of the NASDAQ Composite Index.
- Economies of scale due to its large asset base.
What Does FNCMX Do?
Fidelity NASDAQ Composite Index Fund (FNCMX) is designed to provide investment results that correspond to the price and yield performance of the NASDAQ Composite Index. Established as part of Fidelity's suite of index-tracking funds, FNCMX employs a statistical sampling technique to construct a portfolio that mirrors the index's overall investment profile. This involves selecting stocks that, in aggregate, reflect the capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth characteristics of the entire index. The fund invests at least 80% of its assets in common stocks included in the NASDAQ Composite Index. By replicating the index, FNCMX offers investors a diversified exposure to a wide array of companies listed on the NASDAQ, spanning various sectors and market capitalizations. The fund also engages in securities lending to generate additional income, further enhancing its overall return profile. FNCMX is managed by experienced investment professionals at Fidelity, leveraging their expertise in index tracking and portfolio management to deliver consistent and reliable performance relative to its benchmark.
What Products and Services Does FNCMX Offer?
- Invests primarily in common stocks included in the NASDAQ Composite Index.
- Employs statistical sampling techniques to mirror the index's investment profile.
- Focuses on factors such as capitalization, industry exposures, and valuation ratios.
- Provides investors with diversified exposure to NASDAQ-listed companies.
- Lends securities to generate additional income for the fund.
- Aims to replicate the price and yield performance of the NASDAQ Composite Index.
How Does FNCMX Make Money?
- Generates revenue through management fees charged as a percentage of assets under management (AUM).
- Earns additional income from securities lending activities.
- Aims to track the performance of the NASDAQ Composite Index, providing a return based on the index's movements.
What Industry Does FNCMX Operate In?
FNCMX operates within the asset management industry, specifically focusing on index tracking. The industry is characterized by increasing demand for passive investment strategies, driven by their low cost and ability to match market returns. The competitive landscape includes other index funds and ETFs that track the NASDAQ Composite Index or similar benchmarks. FNCMX competes with firms like BBIEX, FFFHX, FLPSX, JARTX, and JHQCX. The growth of the asset management industry is closely tied to the overall performance of the stock market and investor sentiment towards passive investing.
Who Are FNCMX's Key Customers?
- Individual investors seeking diversified exposure to the NASDAQ Composite Index.
- Institutional investors looking for a cost-effective way to track the index.
- Retirement savers seeking long-term growth through index-based investing.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 42 snapshots
| 2026-08-23 | 44 |
| 2026-08-31 | 44 |
| 2026-09-08 | 44 |
| 2026-09-16 | 44 |
| 2026-09-24 | 44 |
| 2026-10-04 | 44 |
| 2026-10-05 | 44 |
What changed?
The score has stayed at 44.
Over the same 30 days the stock moved +2.6%.
FNCMX Financials
Bull Case vs Bear Case
Bull Case
- Low expense ratio.
- Efficient tracking of the NASDAQ Composite Index.
- Strong brand reputation of Fidelity Investments.
- Diversified exposure to NASDAQ-listed companies.
Bear Case
- No dividend yield.
- Performance is entirely dependent on the NASDAQ Composite Index.
- Limited potential for outperformance compared to actively managed funds.
- Vulnerable to market downturns and fluctuations in the technology sector.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FNCMX Latest News
No recent news available for FNCMX.
FNCMX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FNCMX.
Price Targets
Wall Street price target analysis for FNCMX.
FNCMX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FNCMX; grades run from A+ (80-100) to F (below 30).
Common Questions About FNCMX (Financials)
What are the main risks for FNCMX?
The primary risks for FNCMX are associated with market fluctuations and the performance of the technology sector, given its significant weighting in the NASDAQ Composite Index. Additionally, competition from other index funds and ETFs could put pressure on the fund's expense ratio.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on publicly available data and may be subject to change.
- The fund's performance is closely tied to the performance of the NASDAQ Composite Index, which is heavily weighted towards technology companies.