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Beginner's Guide to Preferred Stock Mutual Funds

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FSEVX Fidelity® Extended Market Index Premium

  • Fund
  • FSEVX
  • Price as of: Apr 21, 2017
  • $57.29
  • - $0.16
  • - 0.28%
  • Category
  • Mid Cap Blend Equities

FSEVX - Profile

Vitals

  • YTD Return 3.2%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 13.0%
  • Net Assets $19.3 B
  • Holdings in Top 10 4.2%

52 WEEK LOW AND HIGH

$57.29
$48.22
$58.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.07%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

$10,000

Investment Themes

CATEGORY

Mid Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Blend

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 13.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.42%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Extended Market Index Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 14, 2005
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick Waddell

Fund Description

The Fidelity Spartan Extended Market Index Fund – Fidelity Advantage Class (FSEVX) is a passively managed fund that seeks to capture the returns of the entire small- and mid-cap segment of the U.S. equities market. FSEVX tracks the Dow Jones U.S. Completion Total Stock Market Index. The measure includes exposure to all the stocks not included in the S&P 500, and is designed to complement an investment in that index.

Expenses for the fund are very low, and given its wide-reaching exposure to the entire small- and mid-cap universe of the U.S. stock market, the fund makes a great core position when coupled with a large-cap index fund. The fund is internally managed by Fidelity.

FSEVX - Performance

Return Ranking - Trailing

Period FSEVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.2% -32.8% 11.0% 63.89% 4
1 Yr 32.6% -53.8% 52.0% 11.04% 1
3 Yr 6.9% * -19.3% 24.3% 49.68% 3
5 Yr 13.0% * -10.2% 17.7% 25.52% 2
10 Yr 8.2% * -6.8% 11.4% 23.14% 2

* Annualized


Return Ranking - Calendar

Period FSEVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 10.6% -16.6% 40.3% 35.13% 2
2015 -9.0% -32.9% 3.3% 38.76% 3
2014 3.3% -42.4% 20.0% 33.66% 2
2013 33.9% -4.0% 57.3% 18.44% 1
2012 12.5% -100.0% 29.4% 53.67% 3

Total Return Ranking - Trailing

Period FSEVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.2% -32.8% 11.0% 63.89% 4
1 Yr 32.6% -48.2% 52.0% 9.20% 1
3 Yr 6.9% * -20.0% 30.0% 46.15% 3
5 Yr 13.0% * -10.7% 17.7% 24.48% 2
10 Yr 8.2% * -7.0% 11.4% 21.83% 2

* Annualized


Total Return Ranking - Calendar

Period FSEVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 11.7% -16.6% 40.3% 37.03% 2
2015 -3.5% -23.9% 20.2% 44.95% 3
2014 8.5% -42.4% 56.1% 56.44% 3
2013 46.7% -4.5% 208.7% 46.81% 3
2012 24.3% -100.0% 304.1% 48.65% 3

NAV & Total Return History

FSEVX - Holdings

Filings data as of: Jan 31, 2017

Concentration Analysis

FSEVX Category Low Category High FSEVX % Rank Quintile
Net Assets 19.3 B 1.41 M 83.6 B 1.53% 1
Number of Holdings 3168 5 3295 0.92% 1
Net Assets in Top 10 781 M 618 K 5.52 B 3.99% 1
Weighting of Top 10 4.2% 2.9% 116.3% 38.65% 5

Top 10 Holdings

  1. Liberty Global PLC C 0.49%
  2. Las Vegas Sands Corp 0.43%
  3. Tesla Inc 0.69%
  4. Incyte Corp 0.48%
  5. T-Mobile US Inc 0.39%
  6. Biomarin Pharmaceutical Inc 0.34%
  7. First Republic Bank 0.32%
  8. Russell 2000 Fut Mar17 Rtah7 0.37%
  9. ServiceNow Inc 0.33%
  10. Dell Technologies Inc V 0.31%

Asset Allocation

Weighting Category Low Category High FSEVX % Rank Quintile
Stocks
99.43% 35.50% 115.65% 7.06% 2
Cash
0.53% -15.66% 62.75% 27.91% 4
Bonds
0.03% -0.06% 15.34% 6.44% 1
Preferred Stocks
0.00% 0.00% 6.25% 3.37% 4
Other
0.00% -1.77% 8.23% 10.12% 5
Convertible Bonds
0.00% 0.00% 2.06% 1.84% 4

Stock Sector Breakdown

Weighting Category Low Category High FSEVX % Rank Quintile
Financial Services
16.08% 0.00% 47.24% 15.64% 3
Technology
15.64% 1.72% 40.54% 10.74% 2
Consumer Cyclical
13.77% 0.83% 31.10% 18.40% 2
Industrials
13.66% 0.21% 42.48% 23.31% 3
Real Estate
10.51% 0.00% 12.58% 1.84% 1
Healthcare
9.85% 0.00% 41.90% 13.50% 2
Basic Materials
5.62% -0.81% 25.15% 17.18% 3
Energy
4.42% -1.45% 18.84% 20.86% 3
Consumer Defense
3.78% -2.43% 18.04% 24.85% 4
Communication Services
2.75% 0.00% 26.08% 8.90% 2
Utilities
2.72% -0.74% 13.40% 19.02% 3

Stock Geographic Breakdown

Weighting Category Low Category High FSEVX % Rank Quintile
US
97.57% 30.23% 114.67% 10.43% 2
Non US
1.86% -1.89% 40.92% 19.02% 3

Bond Sector Breakdown

Weighting Category Low Category High FSEVX % Rank Quintile
Cash & Equivalents
0.57% -15.66% 64.50% 28.92% 4
Derivative
0.00% -0.19% 0.05% 0.92% 4
Securitized
0.00% 0.00% 1.30% 1.23% 4
Corporate
0.00% -0.05% 14.17% 4.92% 4
Municipal
0.00% 0.00% 5.71% 0.62% 4
Government
0.00% 0.00% 15.34% 3.38% 4

Bond Geographic Breakdown

Weighting Category Low Category High FSEVX % Rank Quintile
US
0.03% -0.06% 15.34% 6.44% 1
Non US
0.00% 0.00% 5.26% 2.15% 4

FSEVX - Expenses

Operational Fees

FSEVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.07% 0.04% 16.03% 52.76% 1
Management Fee 0.05% 0.04% 2.00% 18.71% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.45% N/A N/A

Sales Fees

FSEVX Fees (% of AUM) Category Low Category High FSEVX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FSEVX Fees (% of AUM) Category Low Category High FSEVX Rank Quintile
Max Redemption Fee 0.75% 0.50% 2.00% 4.11% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSEVX Fees (% of AUM) Category Low Category High FSEVX Rank Quintile
Turnover 12.00% 4.00% 394.00% 26.38% 1

FSEVX - Distributions

Dividend Yield Analysis

FSEVX Category Low Category High FSEVX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.76% 15.38% 1

Dividend Distribution Analysis

FSEVX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FSEVX Category Low Category High FSEVX % Rank Quintile
Net Income Ratio 1.42% -4.48% 2.50% 8.90% 1

Capital Gain Distribution Analysis

FSEVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

FSEVX - Managers

Patrick Waddell

Manager

Start Date

Feb 29, 2004

Tenure

13.01

Tenure Rank

4.1%

Waddell has been a Portfolio Manager with Geode since July 2006. Previously, he was an Assistant Portfolio Manager with Geode since 2004. In addition to his portfolio management responsibilities, Waddell is responsible for quantitative research and new product development. Prior to joining Geode, he was employed by Fidelity in 1997 and served as a Senior Portfolio Assistant from 2002 to 2004.


Louis Bottari

Manager

Start Date

Jan 15, 2009

Tenure

8.13

Tenure Rank

8.6%

Mr. Bottari has been an Assistant Portfolio Manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.


Peter Matthew

Manager

Start Date

Aug 31, 2012

Tenure

4.5

Tenure Rank

14.3%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.


Deane Gyllenhaal

Manager

Start Date

Sep 30, 2014

Tenure

2.42

Tenure Rank

18.9%

Since joining Geode in 2014, Mr. Gyllenhaal has worked as a senior portfolio manager. Prior to joining Geode, Mr. Gyllenhaal was a senior portfolio manager at Hartford Investment Management from 2006 to 2014.


Thomas Brussard

Manager

Start Date

Aug 31, 2016

Tenure

0.5

Tenure Rank

22.6%

Thomas Brussard, Jr., CFA, has been an Assistant Portfolio Manager with Geode since 2016. Prior to that, Mr. Brussard was a Portfolio Manager Assistant with Geode since 2015 and a Senior Trade Operations Associate since 2011. Prior to joining Geode in 2011, Mr. Brussard was employed by Fidelity Investments from 2006 to 2011.


Robert Regan

Manager

Start Date

Dec 31, 2016

Tenure

0.16

Tenure Rank

23.1%

Since joining Geode in 2016, Mr. Regan has worked as a portfolio manager. Prior to joining Geode, Mr. Regan was senior implementation portfolio manager at State Street Global Advisors from 2008 to 2016.


Tenure Analysis

Category Low

0.0

Category High

38.3

Category Average

6.19

Category Mode

2.3