![]() Terms apply to offers listed on this page. ![]() From a cost perspective, FLPKX is actually cheaper than its peers.This fund requires a minimum initial investment of $0. That’s why index funds settle for “average” returns.The Fund's Investment objective is to seek to match the risk and return characteristics of the S&P 500 TR Index as closely as practicable, before expenses.It has an expense ratio of 0.84% compared to the category average of 1.08%. Index funds aren’t actively managed by a fund manager looking to beat the market but instead are designed to mirror the performance of the index-like the S&P 500. That’s why index funds settle for “average” returns.What are Index Funds? S&P 500 index funds, like all index funds, are a passive form of investing. Consistent returnsWhat are Index Funds? S&P 500 index funds, like all index funds, are a passive form of investing. This cost-saving adds to a portfolio’s bottom line with a considerable investment. Compared to the SPY ETF, whose expense ratio stands at 0.09%, a $10000 investment in the FXAIX saves you $7.5 annually. The Fidelity SP 500 Fund has an expense ratio of 0.015%. Fidelity sandp 500 index fund minimum investment.
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