The Benefits of Investing in FSKAX or FXAIX (Fidelity ® 500 Index)

Investors looking for a way to track the U.S. stock market closely should consider Fidelity Total Market Index Fund, also known as FSKAX. FID 500 index Investments created the fund to provide Investors with a low-cost option to track the performance of the Dow Jones U.S. Total stock Market Index. FSKAX is Fidelity’s equivalent of VTSAX, and it’s one of the cheapest mutual funds available.

One major benefit of FSKAX is that it’s a great option for Roth IRA Investors. Roth IRA allow Investors to avoid paying taxes on investment returns by investing after-tax income now. This makes FSKAX a great option for those looking to invest in a Roth IRA, as the fund is one of the cheapest mutual funds available.

FSKAX is also a great option for Investors wanting to diversify their portfolio. The fund tracks a broad range of U.S. stock, with its top 10 holdings making up about 27% of the fund’s total assets. This means that Investors can have exposure to a wide variety of stock, from large-cap to small-cap, while still avoiding single-stock risk.

In terms of performance, FSKAX has had a strong track record over the past 10 years. The fund has returned an annualized 11.3% over the trailing 10 years, compared to the 10.1% return of the FID 500 index (FXAIX). This makes FSKAX an attractive option for those looking for a fund with a strong track record of performance.

For those looking for a name-brand fund with a strong track record of performance, FSKAX is the better option. The fund is one of the cheapest mutual funds available, and its broad range of stock makes it a great option for Investors wanting to diversify their portfolios.