Morningstar

Fidelity Extended Market Index Fund FSMAX

Medalist Rating as of Jul 24, 2026 See Fidelity Investment Hub

Will FSMAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSMAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the FSMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of FSMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Holds the entire stock market, minus the S&P 500.

Senior Associate Analyst Brendan McCann

Brendan McCann

Senior Associate Analyst

Summary

The Fidelity Extended Market Index is a misfit in the mid-cap blend Morningstar Category, but it pairs well with a fund that tracks the S&P 500 to replicate the entire US stock market.

by Brendan McCann

Rated on Jul 24, 2026 Published on Jul 24, 2026

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