Fidelity Total Market Index Fund (FSKAX)
Fidelity Total Market Index Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $213.93, up 0.31% on the session, giving a market capitalisation of $141.34B. Its beta of 1.02 implies it has historically moved more than the broad market.
The Fidelity Total Market Index Fund typically allocates a minimum of 80% of its assets to U.S. equities that comprise the Dow Jones U.S. Total Stock Market Index. This particular benchmark is designed to track the overall performance of a wide spectrum of American companies. To achieve returns similar to the index without holding every single security, the fund's management team utilizes a statistical sampling methodology. This involves evaluating specific characteristics such as market capitalization, industry representation, dividend payouts, price-to-earnings (P/E) multiples, price-to-book (P/B) ratios, and expected earnings growth to select a more focused portfolio.
Fidelity Total Market Index Fund is most often compared with the following Financial Services names: