# Fidelity Extended Market Index Fund (FSMAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fsmax 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: Thematic · Inception: 2011-09-08 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 (... ## Key Facts | Metric | Value | |---|---| | Price | $111.38 | | Expense Ratio | 0.03% | | Assets Under Management | $36.82B | | NAV | $111.38 | | Holdings Count | — | | Distribution Yield (TTM) | 0.52% | | Annual Distribution (TTM) | $0.58 /share | | Distribution Frequency | Annual | | 52-Week Range | $94.81 – $121.15 | | Beta | 1.14 | ## Latest Distribution - Amount: $0.5760 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-22 ## Frequently Asked Questions ### 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. ### Does FSMAX pay a dividend? Fidelity Extended Market Index Fund (FSMAX) currently distributes little or no income. Trailing-twelve-month yield is 0.52%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FSMAX pay dividends? Fidelity Extended Market Index Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FSMAX's dividend yield? FSMAX's trailing-twelve-month yield is 0.52%, calculated from the sum of dividends over the past year divided by the current price. ### When is FSMAX's next ex-dividend date? The most recently announced ex-dividend date for FSMAX was 2025-12-19. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FSMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.03% 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 FSMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FSMAX'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 FSMAX cost more than a fund like VOO? FSMAX's strategy (current expense ratio 0.03%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FSMAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FSMAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FSMAX (0.03%) 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/fsmax - Distribution history: https://www.dividenddata.com/funds/fsmax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fsmax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fsmax/expenses - Peer comparison: https://www.dividenddata.com/funds/fsmax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.