Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Fidelity SAI Canada Equity Index Fund seeks to provide investment results that correspond to the total return of Canadian stocks.
Strategy. Normally investing at least 80% of assets in securities included in the MSCI Canada Index and in depositary receipts representing securities included in the index. The MSCI Canada Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the large and mid-cap segments of the Canada market. 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 … Normally investing at least 80% of assets in securities included in the MSCI Canada Index and in depositary receipts representing securities included in the index. The MSCI Canada Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the large and mid-cap segments of the Canada market. 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 Canada Index. Lending securities to broker-dealers or other institutions to earn income.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ROYAL BANK OF CANADA | — | $1.02B | 8.21% |
| SHOPIFY INC CL A | — | $699.71M | 5.63% |
| TORONTO-DOMINION BANK | — | $693.63M | 5.58% |
| ENBRIDGE INC | — | $464.47M | 3.74% |
| BANK OF MONTREAL | — | $424.66M | 3.42% |
| AGNICO EAGLE MINES LTD | — | $417.08M | 3.35% |
| BROOKFIELD CORP CL A | — | $409.83M | 3.30% |
| BANK OF NOVA SCO | — | $404.74M | 3.26% |
| CAN IMPL BK COMM | — | $374.88M | 3.01% |
| BARRICK MINING CORP | — | $339.63M | 2.73% |
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. |
|---|---|---|
| iShares MSCI Canada ETF · EWC | 94% | 0.50% |
| Franklin FTSE Canada ETF · FLCA | 93% | 0.09% |
| JPMorgan BetaBuilders Canada ETF · BBCA | 93% | 0.19% |
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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