Understanding TFMAX on Google Finance

TFMAX, short for Total Fund Market Adjusted eXtended, is a benchmark mutual fund ticker symbol sometimes used on Google Finance, specifically relating to Fidelity Investments’ index funds. It isn’t a widely used or standard term across all financial platforms, so it’s vital to understand what it represents within the context of Google Finance and Fidelity offerings.

TFMAX vs. Traditional Fidelity Ticker Symbols

Fidelity mutual funds typically use ticker symbols beginning with “F”, often followed by three or four letters (e.g., FZROX for Fidelity ZERO Total Market Index Fund). TFMAX might be displayed on Google Finance as an alternative identifier, potentially for reporting or aggregation purposes within the Google Finance database. It’s important to note that you typically wouldn’t use TFMAX when directly purchasing or selling shares of the fund through a brokerage account. Instead, you would use the official “F” ticker symbol.

Decoding TFMAX: Likely Referencing FZROX

While not explicitly stated, TFMAX most likely refers to the Fidelity ZERO Total Market Index Fund (FZROX). This fund is designed to track the performance of a broad range of U.S. stocks, offering investors exposure to the entire U.S. equity market at a zero expense ratio. This fund aims to replicate the investment results of the Fidelity U.S. Total Investable Market Index.

Using TFMAX on Google Finance

On Google Finance, searching for TFMAX will likely direct you to information pertaining to the underlying fund, in this case, FZROX. You can then view the fund’s historical performance, key metrics like expense ratio and net assets, and related news and analysis. However, remember that to actually trade the fund, you must use the official FZROX ticker through your brokerage account.

Important Considerations

• Verify with Fidelity: To be absolutely certain, cross-reference the information you find about TFMAX on Google Finance with the official Fidelity Investments website or prospectus for FZROX. Look for matching performance data, holdings, and fund objectives.
• Trading using correct ticker: When buying or selling shares, always use the official Fidelity ticker symbol (FZROX in this case).
• Expense Ratio: FZROX is notable for its zero expense ratio, making it an attractive option for cost-conscious investors. However, be aware that other funds with similar holdings might have different expense ratios.
• Index Tracking: Understand that FZROX is an index fund, designed to passively track the performance of its underlying benchmark. It does not involve active management.

In Conclusion

TFMAX on Google Finance is likely a representation of the Fidelity ZERO Total Market Index Fund (FZROX). Use it as a reference point for research and data, but always utilize the official FZROX ticker symbol when making investment decisions through your brokerage account. Always double-check information with official Fidelity resources to ensure accuracy.