Fidelity Total Market Index Fund
FSKAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Sep 8, 2011
- CIK
- 0000819118
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Total Market Index Fund (FSKAX) is an open-end mutual fund that seeks to provide investment results corresponding to the total return of the Dow Jones U.S. Total Stock Market Index, a float-adjusted market capitalization-weighted index comprising approximately 3,800 common stocks of U.S. companies listed on primary U.S. exchanges; the fund normally invests at least 80% of its assets in common stocks included in the index, with a portfolio turnover rate of 3% and total net assets exceeding $122 billion. It offers investors broad exposure to the U.S. equity market across all market capitalizations (large, mid, and small cap) and investment styles (value, blend, growth), with top sector allocations including information technology (32.86%), financials (13.85%), and consumer discretionary (10.62%); top holdings feature leading companies such as Apple, Microsoft, and NVIDIA. The fund provides daily pricing and liquidity, no-load share class structure, a net expense ratio of 0.015%, and minimum initial investments as low as $1 for basic, IRA, and custodial accounts; it targets individual and institutional investors seeking low-cost, passive U.S. total market equity exposure. Launched on September 8, 2011, and managed by Fidelity Investments from its headquarters in Boston, Massachusetts, the fund operates primarily in the United States with a focus on domestic equities and no reported subsidiaries or parent fund relationships. A team of experienced portfolio managers, including Louis Bottari (since 2009), oversees the fund, maintaining close tracking of the benchmark through full replication or sampling strategies. In recent developments, the fund has sustained strong performance with a year-to-date return of approximately 16.87% as of late 2025 and continued low-cost structure enhancements amid Fidelity's broader push into index products; it reported an ex-dividend date of April 11, 2025, reflecting ongoing dividend distributions aligned with index constituents. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to FSKAX have been announced in the last 1-2 years, underscoring its stable passive indexing approach within Fidelity's expansive mutual fund lineup.