Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Fidelity U.S. Sustainability Index Fund seeks to provide investment results that correspond to the total return of the MSCI USA ESG Leaders Index.
Strategy. Normally investing at least 80% of assets in securities included in the MSCI USA ESG Leaders Index. The MSCI USA ESG Leaders Index represents the performance of stocks of large- to mid-capitalization U.S. companies with high environmental, social and governance (ESG) performance relative to their sector peers, as rated by MSCI ESG Research. 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 such factors as capitalization, industry exposures, dividend yield, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and earnings growth … Normally investing at least 80% of assets in securities included in the MSCI USA ESG Leaders Index. The MSCI USA ESG Leaders Index represents the performance of stocks of large- to mid-capitalization U.S. companies with high environmental, social and governance (ESG) performance relative to their sector peers, as rated by MSCI ESG Research. 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 such factors as capitalization, industry exposures, dividend yield, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and earnings growth to attempt to replicate the returns of the MSCI USA ESG Leaders Index. Lending securities to earn income for the fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $681.91M | 13.07% |
| MICROSOFT CORP | — | $438.77M | 8.41% |
| Fidelity Cash Central Fund | — | $423.88M | 8.12% |
| ALPHABET INC CL A | — | $289.60M | 5.55% |
| ALPHABET INC CL C | — | $254.96M | 4.89% |
| TESLA INC | — | $187.99M | 3.60% |
| LILLY ELI and CO | — | $132.29M | 2.54% |
| JOHNSON&JOHNSON | — | $88.25M | 1.69% |
| VISA INC-CLASS A | — | $87.12M | 1.67% |
| MASTERCARD INC CL A | — | $74.43M | 1.43% |
Portfolio moves
Oct 31, 2025 → Jan 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. |
|---|---|---|
| Xtrackers MSCI USA Selection Equity ETF · USSG | 90% | 0.09% |
| iShares ESG MSCI USA Leaders ETF · SUSL | 87% | 0.10% |
| 1290 VT Socially Responsible Portfolio | 80% | 0.65% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
| Geode Capital Management, LLC | Sub-adviser |
Footnotes
- Expense ratio as of December 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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