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commend FXAIX as a foundational fund for most investors interested in Fidelity funds. The fund tracks the S&P 500, consisting of the 500 largest U.S. stocks by market cap, which make up about 80% of the U.S. market cap. This fund is crucial for investors as these companies significantly impact the overall stock market, despite there being around 4,300 publicly traded U.S. stocks. The video also highlights that Fidelity zero index funds are not included in the top five recommendations, as they may have undisclosed drawbacks.
