Fidelity Flex Small Cap Index Fund
FLXSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Mar 9, 2017
- CIK
- 0000035315
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Flex Small Cap Index Fund (FLXSX) is an open-end mutual fund that seeks investment results corresponding to the total return of the Russell 2000 Index, a float-adjusted market capitalization-weighted index measuring the performance of the small-capitalization segment of the U.S. equity market. The fund, launched on March 9, 2017, and domiciled in the United States, normally invests at least 80% of its assets in common stocks included in the Russell 2000 Index; it also employs stock index futures, such as E-mini Russell 2000 Index futures, and may hold short-term investments or lend securities for additional income. Managed primarily by Fidelity Management & Research Company LLC (FMRCo) with co-management by Geode Capital Management, LLC, the fund targets institutional and retirement plan investors with a minimum initial investment of $0 and a net expense ratio of 0.00%; as of recent data, it holds approximately 1,946 securities diversified across sectors including financial services (19.8%), industrials (17.3%), health care (17.1%), and information technology (12.6%), with 98.4% in U.S. stocks. Headquartered within Fidelity Investments in Boston, Massachusetts, the fund operates primarily in the United States, serving workplace retirement plans like 401(k)s and institutional portfolios focused on small blend strategies. Its portfolio emphasizes growth and value stocks of small-cap companies across diversified sectors, with top holdings including Sprouts Farmers Market Inc., Insmed Inc., FTAI Aviation Ltd., Carpenter Technology Corp., and Applied Industrial Technologies Inc.; total net assets stand at approximately $451 million to $506 million, with low portfolio turnover of around 10-21%. In recent developments as of the semiannual period ended October 31, 2024, and updates through April 30, 2025, the fund implemented a contractual cap on proxy and shareholder meeting expenses, modified its principal investment strategies and risks, and maintained its zero total advisory fee structure amid assets under management growth. Portfolio composition shifted slightly with increased emphasis on financials and industrials, alongside ongoing dividend distributions including an ex-dividend date of December 20, 2024; no major acquisitions, funding rounds, or name changes occurred, reflecting stable indexing operations within Fidelity Salem Street Trust.