Investment objective & strategy
As of Feb. 24, 2026 · prospectusObjective. Fidelity International Bond Index Fund seeks to provide a high level of current income.
Strategy. Normally investing at least 80% of assets in securities included in the Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD). The Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD) is a multi-currency benchmark that includes fixed-rate treasury, government-related, corporate and securitized bonds from developed markets issuers while excluding USD denominated debt. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, … Normally investing at least 80% of assets in securities included in the Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD). The Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD) is a multi-currency benchmark that includes fixed-rate treasury, government-related, corporate and securitized bonds from developed markets issuers while excluding USD denominated debt. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD) using a smaller number of securities. Hedging the fund's foreign currency exposures utilizing forward foreign currency exchange contracts. Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| GERMANY FEDERAL REPUBLIC OF 2.2% 10/10/2030 REGS | — | $19.60M | 1.58% |
| SPTR TRS EQUITY SOFR+70 BOA | — | $17.73M | 1.43% |
| United Kingdom of Great Britain and Northern Ireland | — | $17.65M | 1.42% |
| French Republic Government Bonds OAT | — | $14.42M | 1.16% |
| GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2035 REGS | — | $13.33M | 1.07% |
| JAPAN GOVT 10-YR | — | $11.71M | 0.94% |
| UNITED KINGDOM GILT GBP REG S 4.375% 03-07-30 | UKT | $11.09M | 0.89% |
| JAPAN GOVT 20-YR | — | $9.50M | 0.77% |
| GERMANY FEDERAL REPUBLIC OF 2.5% 08/15/2046 REGS | — | $9.25M | 0.75% |
| UNITED KINGDOM GILT GBP REG S 3.5% 01-22-45 | — | $9.08M | 0.73% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Series International Developed Markets Bond Index Fund · FSTQX | 38% | 0.00% |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND · VTIBX, VTABX, VTIFX, BNDX | 28% | 0.03% |
| SPDR(R) Bloomberg International Treasury Bond ETF · BWX | 28% | 0.35% |
Advisers
| Firm | Role |
|---|---|
| FMR Investment Management (UK) Limited | Sub-adviser |
| Fidelity Management & Research (Japan) Limited | Sub-adviser |
| Fidelity Management & Research (Hong Kong) Limited | Sub-adviser |
| Fidelity Management & Research Company LLC | Adviser |
Footnotes
- Expense ratio as of February 24, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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