Fidelity Extended Market Index Fund

Frequently Asked Questions About FSMAX

What does FSMAX invest in?

The Fidelity Extended Market Index Fund (FSMAX) primarily dedicates a minimum of 80% of its assets to common equities that comprise the Dow Jones U.S. Completion Total Stock Market Index. This benchmark is designed to track the performance of American companies with mid- to small-market capitalizations. To effectively mirror the index's returns, the fund's management utilizes a sophisticated statistical sampling approach. This methodology assesses various critical metrics including market capitalization, sector representation, dividend income, price-to-earnings (P/E) ratios, price-to-book (P/B) ratios, and earnings growth, allowing the fund to achieve its objective with a more selective portfolio of securities.

What is the expense ratio of FSMAX?

Fidelity Extended Market Index Fund (FSMAX) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FSMAX?

Fidelity Extended Market Index Fund (FSMAX) manages $36.82B 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 FSMAX actively managed or an index fund?

FSMAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FSMAX launched?

Fidelity Extended Market Index Fund (FSMAX) launched in September 2011 and is managed by Fidelity.

How has FSMAX performed?

FSMAX'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.