ETF Overview
Fidelity Zero Total market Index ETF (FZROX) owns a portfolio of 2,500 U.S. stocks ranked by market capitalizations. The ETF seeks to track the investment results of the Fidelity U.S. Total Investable Market Index. Most of FZROX’s stocks are giant-cap and large-cap stocks. Its top-holdings are also stocks with strong competitive position. However, these stocks are slightly overvalued. While an economic recession is likely not imminent, the average EPS growth rate in FZROX’s portfolio may decelerate due to a slowdown in the global economy. Therefore, the current risk and reward profile