Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Fidelity SAI Japan Stock Index Fund seeks to provide investment results that correspond to the total return of Japanese stocks.
Strategy. Normally investing at least 80% of assets in securities included in the MSCI Japan Index and in depositary receipts representing securities included in the index. The MSCI Japan Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the large and mid-cap segments of the Japanese 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 Japan Index and in depositary receipts representing securities included in the index. The MSCI Japan Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the large and mid-cap segments of the Japanese 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 Japan Index. Lending securities to earn income for the fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TOYOTA MOTOR CORP | — | $27.92M | 4.47% |
| MITSUBISHI UFJ F | — | $26.99M | 4.32% |
| HITACHI LTD | — | $20.66M | 3.30% |
| SONY GROUP CORP | — | $17.62M | 2.82% |
| SUMITOMO MITSUI FINL GROUP INC | — | $16.76M | 2.68% |
| ADVANTEST CORP | — | $16.41M | 2.63% |
| TOKYO ELECTRON | — | $15.51M | 2.48% |
| MIZUHO FINANCIAL | — | $14.05M | 2.25% |
| SOFTBANK GROUP CORP | — | $13.57M | 2.17% |
| MITSUBISHI HEAVY INDS LTD | — | $12.27M | 1.96% |
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 Japan ETF · EWJ | 96% | 0.49% |
| JPMorgan BetaBuilders Japan ETF · BBJP | 95% | 0.19% |
| Xtrackers MSCI Japan Hedged Equity ETF · DBJP | 93% | 0.45% |
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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