FSCKX + FSSVX = FSEVX ??

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F150HD
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FSCKX + FSSVX = FSEVX ??

Post by F150HD » Wed Mar 07, 2018 9:36 pm

Fidelity® Extended Market Index Fund Premium Class FSEVX ER =0.07%

Fidelity® Mid Cap Index Fund Premium Class FSCKX ER =0.05%

Fidelity® Small Cap Index Fund Premium Class FSSVX ER =0.05%


FSEVX holds 3066 stocks
FSCKX holds 780 stocks
FSSVX holds 1988 stocks


780+1988 is not 3066

It was my understanding that Extended Market funds cover small/midcap. Trying to figure out the relationship between these 3 funds. I assumed the small and midcap here would make up the entirety of FSEVX, though that doesn't look to be the case?

Can anyone offer insight into this? I like to tilt to small/mid and wondered if this can be done solely w/ FSEVX versus adding FSSVX or FSCKX to my holdings at Fidelity.

Also wondering why FSEVX costs more then the other 2.

Thanks.

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F150HD
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Re: FSCKX + FSSVX = FSEVX ??

Post by F150HD » Thu Mar 08, 2018 6:29 am

Any input useful.....thanks.

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KSOC
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Re: FSCKX + FSSVX = FSEVX ??

Post by KSOC » Thu Mar 08, 2018 6:45 am

Based on your question only, I'd choose Extended Market for the extra .02% (insignificant). Especially if your main holding is S&P 500 or Large Cap Fund. If you're holding a Total Market Fund I'd go with Small Cap Fund.

Cost? No idea.
Too soon old, too late smart.

amitb00
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Re: FSCKX + FSSVX = FSEVX ??

Post by amitb00 » Thu Mar 08, 2018 6:54 am

S&P 500 + Extended Market = Total Market
So if you own S&P 500 and wish to own Total Market, you can add Extended Market to your portfolio without selling S&P500. Ratio should be 80:20 to get to Total Market .
By its nature Extended Market is mainly small and Mid size companies. However Extended is not sum of Small and Mid companies.
HTH, Amit

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Ketawa
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Re: FSCKX + FSSVX = FSEVX ??

Post by Ketawa » Thu Mar 08, 2018 10:22 am

1. FSEVX follows the Dow Jones U.S. Completion Total Stock Market Index
2. FSCKX follows the Russell Midcap Index
3. FSSVX follows the Russell 2000 Index

Look up the definitions of the indexes. Roughly speaking in terms of company market cap, they will be:

1. Company #501 - rest of market (not exact since S&P 500 is actively managed, isn't simply the 500 largest companies)
2. Company #201 - #1000
3. Company #1001 - #3000

# of holdings will not exactly match the index due to sampling techniques.

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F150HD
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Re: FSCKX + FSSVX = FSEVX ??

Post by F150HD » Thu Mar 08, 2018 2:28 pm

amitb00 wrote:
Thu Mar 08, 2018 6:54 am
S&P 500 + Extended Market = Total Market
So if you own S&P 500 and wish to own Total Market, you can add Extended Market to your portfolio without selling S&P500. Ratio should be 80:20 to get to Total Market .
By its nature Extended Market is mainly small and Mid size companies.
I'm already aware of that. Thanks.

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F150HD
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Re: FSCKX + FSSVX = FSEVX ??

Post by F150HD » Thu Mar 08, 2018 2:30 pm

KSOC wrote:
Thu Mar 08, 2018 6:45 am
Based on your question only, I'd choose Extended Market for the extra .02% (insignificant). Especially if your main holding is S&P 500 or Large Cap Fund. If you're holding a Total Market Fund I'd go with Small Cap Fund.

Cost? No idea.
Thanks. Am already in FUSVX and FSEVX for total market exposure. Just trying to understand how the mid and small cap funds in post 1 relate to FSEVX etc. and if there's an advantage to holding both of those in some form versus FSEVX.

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