{"id":93957,"date":"2024-03-16T13:54:03","date_gmt":"2024-03-16T13:54:03","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=93957"},"modified":"2024-03-16T13:54:03","modified_gmt":"2024-03-16T13:54:03","slug":"is-fxaix-a-mutual-fund","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/is-fxaix-a-mutual-fund\/","title":{"rendered":"Is FXAIX a mutual fund?"},"content":{"rendered":"

Is FXAIX a Mutual Fund?<\/p>\n

There is often confusion surrounding FXAIX and whether it is a mutual fund or not. To address this question directly, the answer is no, FXAIX is not a mutual fund. Instead, it is an index fund offered by Fidelity Investments.<\/p>\n

Fidelity Extended Market Index Fund (FXAIX) is designed to track the performance of the US extended market, as represented by the Dow Jones U.S. Completion Total Stock Market Index. This index includes stocks of all sizes, excluding the largest 500 companies in the United States. By investing in FXAIX, you get exposure to a broad range of mid-cap and small-cap companies, allowing for diversification within the US equity market.<\/p>\n

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