Choose Wisely From Fidelity's Varied Large-Blend Menu
This list features solid winners, battered options, and question marks.
When Fidelity lowered the expense ratio of Fidelity Spartan 500 Index (FUSEX) to 0.1% from 0.19% in 2004, it did so to beat then-behemoth Vanguard 500 Index (VFINX) on cost. (That fund charged 0.17% then and still does.) However, that fee reduction also made the firm's actively managed funds, many of which are benchmarked against the S&P 500 Index, a little less attractive on the cost front.
Since that time, Spartan 500 Index has more than doubled in size while many of Fidelity's actively managed large-blend funds have shrunk--some in dramatic fashion. Indeed, Spartan 500's current $49 billion asset base is now significantly higher than the combined assets of the 14 actively managed funds advised by Fidelity in the category. Spartan 500's fee cut was not the sole reason, though--some of the largest funds in that group of 14 proceeded to stink up the joint. However, there are still worthy choices among them. Let's run through the full list, from largest to smallest.
Greg Carlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.