Fidelity ZERO Total Market Index Fund
Fidelity Concord Street Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity ZERO Total Market Index Fund is a U.S. equity index fund that tracks the Fidelity U.S. Total Investable Market Index. 22% of FZROX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
Fidelity ZERO Total Market Index Fund seeks to provide investment results that correspond to the total return of a broad range of U.S. stocks.
The fund tracks the Fidelity U.S. Total Investable Market Index using statistical sampling techniques, holding a representative cross-section of large-, mid-, and small-capitalization U.S. stocks weighted by float-adjusted market capitalization. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.
| Share class | Expense ratio |
|---|---|
| FZROX | 0.00% |
Portfolio turnover 3.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.72% |
| Cash & short-term | 0.65% |
| Derivatives | 0.02% |
| Bonds | 0.01% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 32.4% |
| Financials | 12.0% |
| Communication Services | 10.1% |
| Consumer Discretionary | 9.8% |
| 11 smaller | 35.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 6.94% | $199.57 | $2.52B | 12.6M |
| AAPL | APPLE INCAAPL | 5.70% | $271.35 | $2.07B | 7.6M |
| MSFT | MICROSOFT CORPMSFT | 4.33% | $407.78 | $1.57B | 3.9M |
| AMZN | AMAZON.COM INCAMZN | 3.71% | $265.06 | $1.34B | 5.1M |
| GOOGL | ALPHABET INCGOOGL | 3.21% | $384.80 | $1.16B | 3.0M |
| AVGO | BROADCOM INCAVGO | 2.83% | $417.43 | $1.03B | 2.5M |
| GOOG | ALPHABET INCGOOG | 2.56% | $381.94 | $926.35M | 2.4M |
| META | META PLATFORMS INCMETA | 1.92% | $611.91 | $694.45M | 1.1M |
| TSLA | TESLA INCTSLA | 1.54% | $381.63 | $556.91M | 1.5M |
| BRK/B | BERKSHIRE HATHAWAY INC DELBRK/B | 1.24% | $473.60 | $450.54M | 951.3K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 33.97% of net assets, top 25 45.31%, across 2.7K issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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