Fidelity Extended Market Index Fund is a great complement to S&P 500 trackers. This low fee portfolio provides cost-effective exposure to the entire stock market outside of the S&P 500. While this is a great option, the portfolio management team isn't quite as strong as its competitors. So, its Morningstar Analyst Rating has been downgraded to Silver from Gold.
Will FSMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FSMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.