If you've been stuck searching for Large Cap Blend funds, consider Fidelity Fund (FFIDX) as a possibility. FFIDX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
FFIDX is part of the Large Cap Blend section, an area that boasts an array of many possible options. Large Cap Blend mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a “ buy and hold “ mindset. Blended funds mix large, established companies into their holdings, which gives investors exposure to both value and growth at the same time.
History of Fund/Manager
FFIDX is a part of the Fidelity family of funds, a company based out of Boston, MA. The Fidelity Fund made its debut in April of 1930 and FFIDX has managed to accumulate roughly $4.94 billion in assets, as of the most recently available information. The fund is currently managed by Jean Park who has been in charge of the fund since April of 2017.