FSMAX Fees and Costs — Fidelity Extended Market Index Fund
Data updated: 2026-07-24
The net expense ratio is 0.03%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.0M in broker commissions, 0.0026% of average net assets, and portfolio turnover was 23%.
FSMAX Fees and Expenses
Annual operating expenses and sales charges of FSMAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FSMAX Costs Over Time
On $10,000 invested in FSMAX, assuming 5% a year before costs, total costs come to $21 over 5 years, cutting the return by 0.03% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $3 | $11 | $21 |
| Value after costs | $10,497 | $11,565 | $12,742 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
FSMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $19.5M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $2.3B
- Net income from securities lending: $34.1M (0.086% of average net assets)
FSMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC | $292K | 28.34% |
| GOLDMAN SACHS GROUP INC (THE) | $189K | 18.38% |
| JPMORGAN CHASE and CO | $160K | 15.49% |
| NOMURA HOLDINGS INC | $122K | 11.81% |
| MACQUARIE GROUP LTD | $118K | 11.42% |
| BANK OF AMERICA CORPORATION | $91K | 8.87% |
| CITIGROUP INC | $17K | 1.68% |
| MORGAN STANLEY | $17K | 1.66% |
| BARCLAYS PLC | $16K | 1.52% |
| UBS GROUP AG | $8K | 0.81% |
FSMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC | $11.0M | 56.53% |
| JPMORGAN CHASE and CO | $4.5M | 23.22% |
| BANK OF MONTREAL QUE | $3.9M | 20.25% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.