Fidelity Total Market Index Fund

Frequently Asked Questions About FSKAX

What does FSKAX invest in?

The Fidelity Total Market Index Fund typically allocates a minimum of 80% of its assets to U.S. equities that comprise the Dow Jones U.S. Total Stock Market Index. This particular benchmark is designed to track the overall performance of a wide spectrum of American companies. To achieve returns similar to the index without holding every single security, the fund's management team utilizes a statistical sampling methodology. This involves evaluating specific characteristics such as market capitalization, industry representation, dividend payouts, price-to-earnings (P/E) multiples, price-to-book (P/B) ratios, and expected earnings growth to select a more focused portfolio.

What is the expense ratio of FSKAX?

Fidelity Total Market Index Fund (FSKAX) charges an expense ratio of 0.01%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FSKAX?

Fidelity Total Market Index Fund (FSKAX) manages $139.51B 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 FSKAX actively managed or an index fund?

FSKAX 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 (FSKAX's is 0.01%) because there's no security selection cost.

When was FSKAX launched?

Fidelity Total Market Index Fund (FSKAX) launched in September 2011 and is managed by Fidelity.

How has FSKAX performed?

FSKAX'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.