Fund Research and Analysis

by Michael Rawson, CFA
Fidelity Spartan Total Market Index earns a Morningstar Analyst Rating of Gold for its low costs and comprehensive coverage of the U.S stock market. This fund covers nearly the entire U.S. stock market, holding around 3,500 stocks. Investors could use   Read more 

Process Pillar:Positive

Broad diversification and market-cap-weighting support a Positive Process rating. The fund tracks the Dow Jones US Total Market Index, which consists of nearly all listed U.S. equities that meet minimum   Read more 

Performance Pillar:Positive

This fund has beaten 84% of its peers during the 10 years through October 2015, earning the fund a Positive Performance rating. During that 10-year span, it outpaced the large-blend category average   Read more 

People Pillar:Neutral

The fund is managed by a team of portfolio managers, but turnover on the team results in a Neutral People rating. The fund is subadvised by Geode Capital Management, which Fidelity spun off in 2003. The team includes Patrick Waddell, Louis Bottari,   Read more 

Price Pillar:Positive

A razor-thin 0.05% net expense ratio (net of a 2-basis-point fee waiver) supports a Positive Price rating. That represents just $5 for every $10,000 invested for the Advantage share class, which requires   Read more 

Why Fidelity Magellan Likes Financials 
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