Morningstar

Fidelity Extended Market Index Fund FSMAX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 112.95  /  +0.97 %
  • Total Assets 37.1B
  • Adj. Expense Ratio
    0.035%
  • Expense Ratio 0.040%
  • 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 0.51%
  • Turnover 23%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 10:34 PM GMT+0

Morningstar’s Analysis FSMAX

Will FSMAX outperform in the 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.

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 Published on

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Portfolio Holdings FSMAX

More FSMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
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Cloudflare Inc

1.19 475M
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Space Exploration Technologies Corp Class A

1.04 416M
Industrials

Cheniere Energy Inc

0.74 298M
Energy

Bloom Energy Corp Class A

0.66 265M
Industrials

Natera Inc

0.56 225M
Healthcare

Strategy Inc Class A

0.53 211M
Technology

Revolution Medicines Inc Ordinary Shares

0.50 200M
Healthcare

Astera Labs Inc

0.48 193M
Technology

Credo Technology Group Holding Ltd

0.45 179M
Technology

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