# Fidelity Total Market Index Fund (FSKAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fskax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Passive Index · Inception: 2011-09-08 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-b... ## Key Facts | Metric | Value | |---|---| | Price | $209.46 | | Expense Ratio | 0.01% | | Assets Under Management | $140.94B | | NAV | $209.46 | | Holdings Count | — | | Distribution Yield (TTM) | 0.93% | | Annual Distribution (TTM) | $1.95 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $174.20 – $215.29 | | Beta | 1.03 | ## Latest Distribution - Amount: $0.1640 /share - Ex-date: 2026-04-10 - Pay date: 2026-04-13 ## Frequently Asked Questions ### 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 $140.94B 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. ### Does FSKAX pay a dividend? Fidelity Total Market Index Fund (FSKAX) currently distributes little or no income. Trailing-twelve-month yield is 0.93%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FSKAX pay dividends? Fidelity Total Market Index Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FSKAX's dividend yield? FSKAX's trailing-twelve-month yield is 0.93%, calculated from the sum of dividends over the past year divided by the current price. ### When is FSKAX's next ex-dividend date? The most recently announced ex-dividend date for FSKAX was 2026-04-10. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FSKAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.01% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FSKAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FSKAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FSKAX cost more than a fund like VOO? FSKAX is a passive index fund (current expense ratio 0.01%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FSKAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FSKAX (0.01%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fskax - Distribution history: https://www.dividenddata.com/funds/fskax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fskax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fskax/expenses - Peer comparison: https://www.dividenddata.com/funds/fskax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.