FSKAX Mutual Fund — Fidelity Total Market Index Fund

Fidelity Total Market Index Fund (FSKAX)

FSKAX is a Mutual Fund. its distribution rate is 0.95%, its trailing-12-month yield is 0.92%, its expense ratio is 2.01%. Dividend Vision Distribution Safety Score™ is 32/100 (Elevated risk). Total return is 701.6% over the past 15 years, 38.5 points behind SPY at 740.1%.

At the current 0.95% distribution rate, a $10,000 investment would generate approximately $95 per year, or $7.92 per month on an equivalent basis. Actual semi-annual payments vary.

Fidelity Total Market Index Fund is a mutual fund that tracks the Dow Jones U.S. Total Stock Market Index, holding at least 80% of its assets in a broad range of approximately 5,000 U.S. common stocks. The fund carries an expense ratio of 2.01% and currently distributes at a modest rate with a low distribution frequency. This fund appeals to buy-and-hold equity investors seeking broad U.S. market exposure with minimal trading activity.

FSKAX performance versus SPY

Price and return data through 2026-09-04.

Total return is 701.6% over the past 15 years, 38.5 points behind SPY at 740.1%.

FSKAX key facts

Distribution Safety Score™

32 · Elevated risk

Safety-Adjusted Yield

0.30%

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Inception date

11/05/1997

Expense ratio

2.01%

Distribution rate

0.95%

Distribution frequency

Semi-Annual

Trailing yield

0.92%

Last close

$212.81

NAV

$211.16 as of 2026-09-30

Premium / discount

0.78% premium

AUM

$142,222,560,000

Average volume

0.0

Last dividend

$0.164

Last ex-dividend date

04/10/2026 (as of 2026-04-10)

Last payment date

04/13/2026 (as of 2026-04-13)

Beta

1.03

How Dividend Vision calculates yield and returns

Distribution rate (0.95%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.92%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FSKAX risks and drawbacks

FSKAX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider FSKAX — and who may not

It is a weaker fit for investors who need monthly cash flow (FSKAX pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare FSKAX

FSKAX vs similar funds:

• FSKAX vs VOO
• FSKAX vs VTI

Frequently asked questions

More securities from Fidelity Investments.