- 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 $44.82B 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.
