Fidelity Small Cap Enhanced Index Fund

Frequently Asked Questions About FCPEX

What does FCPEX invest in?

The fund normally invests at least 80% of assets in common stocks included in the Russell 2000Â Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market.

What is the expense ratio of FCPEX?

Fidelity Small Cap Enhanced Index Fund (FCPEX) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FCPEX?

Fidelity Small Cap Enhanced Index Fund (FCPEX) manages $481.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FCPEX actively managed or an index fund?

FCPEX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FCPEX's is 0.55%) because there's no security selection cost.

When was FCPEX launched?

Fidelity Small Cap Enhanced Index Fund (FCPEX) launched in December 2007 and is managed by Fidelity.

How has FCPEX performed?

FCPEX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.