Fidelity Large Cap Growth Enhanced Index (FLGEX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in May 2007. FLGEX seeks growth of capital. FLGEX invests in common stocks of large-cap companies that are believed to have impressive growth potential. FLGEX primarily invests in stocks listed in the Russell 1000 Growth Index.
This fund, as of the last filing, allocates their fund in four major groups; Large Growth, Small Value, Intermediate Bond and Large Value. Further, as of the last filing, Apple, Alphabet and Microsoft were the top holdings for FLGEX.
Fidelity Large Cap Growth Enhanced Index, managed by Fidelity, carries an expense ratio of 0.45%. Moreover, FLGEX requires a minimal initial investment of $2,500.
FLGEX has a history of positive total returns for over 5 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 1.24%, 3 year 8.95% and 5 year 13.34%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FLGEX’s performance, as of the last filing, when compared to funds in its category was in the top 46% in 1 year, top 8% over the past 3 years, and in the 13% over the past 5 years.
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