Although Fidelity Extended Market Index Fund exhibits an unintentional but persistent growth tilt, we recognize its utility for investors as a portfolio building block alongside an S&P 500-tracking fund. The fund’s broadly diversified, low-turnover, and low-fee portfolio deliver on this objective, warranting a Process upgrade to Above Average from Average. Consequently, it earns a Morningstar Analyst Rating upgrade to Silver from Bronze.
- NAV / 1-Day Return 71.51 / 1.03 %
- Total Assets 32.8 Bil
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Adj. Expense Ratio
- Expense Ratio 0.035%
- Distribution Fee Level Low
- Share Class Type No Load
- Category Mid-Cap Blend
- Investment Style Small Blend
- Min. Initial Investment 0
- Status Open
- TTM Yield 1.24%
- Turnover 18%
Morningstar’s Analysis FSMAX
Will FSMAX outperform in future?
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