Compare equities side by side
Stocks breaking to new annual highs
S&P 500 oversold value screener
Relative strength momentum leaders
Upcoming earnings dates & reports
Filter and sort all 500 stocks
Today's biggest gainers and losers
Visual sector performance
Fidelity Extended Market Index Fund (FSMAX) is an index fund that aims to provide broad exposure to U.S. mid-cap and small-cap stocks, primarily tracking the performance of the Dow Jones U.S. Completion Total Stock Market Index. Its competitive position is bolstered by Fidelity's strong brand reputation, extensive distribution network, and low expense ratios, which attract cost-conscious investors.
FSMAX generates revenue primarily through management fees based on the total assets under management. Its competitive advantages include low expense ratios compared to actively managed funds, which enhances its appeal to investors seeking cost-effective investment options. Additionally, Fidelity's established reputation and extensive distribution channels provide a strong platform for attracting new investors.
Changes in U.S. equity market performance, particularly mid-cap and small-cap stocks
Investor sentiment towards passive versus active management strategies
Inflows and outflows of capital into the fund
Changes in Fidelity's management fee structure
Potential regulatory changes affecting index funds and passive investing strategies
Market volatility impacting investor sentiment towards equities
Increased competition from lower-cost index funds and ETFs
Shift in investor preference towards alternative investment strategies
Liquidity risk if significant outflows occur during market downturns
high - The fund's performance is closely linked to the overall health of the U.S. economy, as mid-cap and small-cap stocks tend to outperform during economic expansions.
Rising interest rates can lead to increased borrowing costs for companies, potentially impacting their growth and profitability, which in turn affects the performance of the stocks in FSMAX. However, as a passive fund, FSMAX's valuation multiples are less sensitive to interest rate changes compared to actively managed funds.
minimal - FSMAX is not directly dependent on credit conditions, as it primarily invests in equities.
value - The fund appeals to value-oriented investors seeking low-cost exposure to mid-cap and small-cap equities.
moderate - Historically, FSMAX has exhibited moderate volatility, reflecting the underlying mid-cap and small-cap stock performance.