Fidelity Extended Market Index FSMAX is an outstanding option to complement an index fund tracking the S&P 500. The fund is broadly diversified, and its fee is among the lowest in the mid-blend Morningstar Category. It earns a Morningstar Analyst Rating of Gold.
Fidelity® Extended Market Index FSMAX
NAV / 1-Day Return
65.89
/
0.35
%
Total Assets
24.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.046%
Expense Ratio
0.046%
Fee Level
Low
Longest Manager Tenure
11.56
years
Category
US Fund Mid-Cap Blend
Investment Style
Mid GrowthMin. Initial Investment
0
Status
Open
TTM Yield
1.35%
Turnover
15%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FSMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
Price Pillar
The Price Pillar compares FSMAX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
Performance Pillar
The Performance Pillar is our evaluation of whether FSMAX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.
One of the cheapest completion funds.
