FXLCX CEF — Fidelity Flex Large Cap Focused Index

Fidelity Flex Large Cap Focused Index (FXLCX)

Updated October 15, 2026.

FXLCX is a CEF. its distribution rate is 0.97%, its trailing-12-month yield is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 20.3% over the past 1.2 years, 2.5 points behind SPY at 22.8%.

Fidelity Flex Large Cap Focused Index is a closed-end fund that invests at least eighty percent of its assets in large-capitalization U.S. companies included in the Fidelity U.S. Large Cap Focused Index, which tracks the largest five hundred U.S. companies by float-adjusted market capitalization. The fund distributes quarterly and carries a modest current distribution rate. This fund appeals to investors seeking broad large-cap U.S. equity exposure with regular income through quarterly payouts.

FXLCX performance versus SPY

Price and return data through 2026-10-15.

Total return is 20.3% over the past 1.2 years, 2.5 points behind SPY at 22.8%. Its deepest 1-year drawdown was 9.2%.

FXLCX key facts

Distribution Safety Score™

50 · Unproven

Issuer

Fidelity Investments

Asset type

CEF

Asset class

Equity

Inception date

07/25/2025

Distribution rate

0.97%

Distribution frequency

Quarterly

Trailing yield

0.79%

Last close

$11.97 (as of 2026-10-15)

NAV

N/A

Premium / discount

N/A

AUM

$102,129,672

Average volume

0.0

Dividend

$0.029

Ex-dividend date

10/02/2026

Beta

1.0034

Expense ratio unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (0.97%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.79%) 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.

FXLCX risks and drawbacks

FXLCX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.2%.

Who may consider FXLCX — and who may not

It is a weaker fit for investors who need monthly cash flow (FXLCX pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FXLCX

• All tickers starting with F

Tagged: Index, Large Cap.

Frequently asked questions

More securities from Fidelity Investments.