FNILX Mutual Fund — Fidelity ZERO Large Cap Index Fund

Fidelity ZERO Large Cap Index Fund (FNILX)

Updated October 16, 2026.

FNILX is a low-cost Mutual Fund. its distribution rate is 0.89%, its trailing-12-month yield is 0.90%, its expense ratio is 0.00%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is 199.6% over the past 8.1 years, 2.8 points ahead of SPY at 196.8%.

Fidelity ZERO Large Cap Index Fund is a mutual fund that tracks the Fidelity U.S. Large Cap Index, investing at least 80% of assets in common stocks of the largest 500 U.S. companies by market capitalization. The fund carries a zero expense ratio and distributes annually with a modest current distribution rate. This fund appeals to buy-and-hold equity investors seeking broad U.S. large-cap exposure with minimal costs.

FNILX performance versus SPY

Price and return data through 2026-10-16.

Total return is 199.6% over the past 8.1 years, 2.8 points ahead of SPY at 196.8%. Over the past year its total return — price change plus distributions reinvested — is 16.3%. Its deepest 1-year drawdown was 9.0%.

FNILX key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

0.84%

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Inception date

09/13/2018

Expense ratio

0.00%

Distribution rate

0.89%

Distribution frequency

Annual

Trailing yield

0.90%

Last close

$27.46 (as of 2026-10-16)

NAV

$27.55 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$19,397,910,000

Average volume

0.0

Dividend

$0.247

Ex-dividend date

12/12/2025

Payment date

12/15/2025

Beta

1.01

How Dividend Vision calculates yield and returns

Distribution rate (0.89%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.90%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FNILX risks and drawbacks

FNILX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 9.0%.

Who may consider FNILX — and who may not

FNILX may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FNILX pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

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Frequently asked questions

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