FSKAX

Fidelity Total Market Index Fund is a passively managed mutual fund designed to replicate the performance of the broad U.S. equity market. Its primary objective is to provide investment results that closely correspond to the total return of the Dow Jones U.S. Total Stock Market Index, which represents companies across all sizes and sectors in the United States. The fund typically invests at least 80% of its assets in common stocks included in this benchmark and utilizes statistical sampling to mirror the index’s composition and key characteristics. Notable for its wide diversification, the fund holds thousands of securities, with its top holdings in large-cap technology and consumer companies such as Apple, Microsoft, NVIDIA, and Amazon. This broad coverage ensures exposure to the entire spectrum of public U.S. equities, from small-cap to large-cap firms across various industries. The Fidelity Total Market Index Fund stands out in the market for its extremely low expense ratio, making it one of the most cost-effective options in its category. It plays a vital role in the financial landscape by offering investors an efficient, low-cost means to gain comprehensive exposure to the U.S. stock market, serving as a foundational holding in many diversified investment portfolios.