Fidelity Small Cap Index Fund (FSSNX)

Fidelity Small Cap Index Fund is a passively managed mutual fund that seeks to replicate the performance of the Russell 2000 Index, which measures the smallest 2,000 publicly traded companies in the U.S. equity market. The fund invests at least 80% of its assets in securities included in this index, aiming to mirror its sector weightings and overall characteristics as closely as possible. The portfolio spans a broad range of industries, with allocations to technology, consumer cyclical, industrials, energy, and other sectors representative of the U.S. small-cap landscape. By maintaining a diverse set of holdings—nearly 2,000 stocks—the fund provides investors with exposure to the growth potential of small-cap companies while reducing individual stock risk through diversification. With a notably low expense ratio, the fund is designed for cost efficiency and is often used as a core building block in diversified portfolios seeking to capture returns from the small-cap segment of the market. Fidelity Small Cap Index Fund plays a significant role in offering broad, systematic access to U.S. small-cap equities, supporting long-term asset allocation strategies for both individual and institutional investors.