Fidelity Extended Market Index Fund (FSMAX)
Fidelity Extended Market Index Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $120.32, up 0.69% on the session, giving a market capitalisation of $45.83B. Its beta of 1.13 implies it has historically moved more than the broad market.
The Fidelity Extended Market Index Fund (FSMAX) primarily dedicates a minimum of 80% of its assets to common equities that comprise the Dow Jones U.S. Completion Total Stock Market Index. This benchmark is designed to track the performance of American companies with mid- to small-market capitalizations. To effectively mirror the index's returns, the fund's management utilizes a sophisticated statistical sampling approach. This methodology assesses various critical metrics including market capitalization, sector representation, dividend income, price-to-earnings (P/E) ratios, price-to-book (P/B) ratios, and earnings growth, allowing the fund to achieve its objective with a more selective portfolio of securities.
Fidelity Extended Market Index Fund is most often compared with the following Financial Services names: