Investment objective & strategy
As of Feb. 24, 2026 · prospectusObjective. Fidelity Series International Developed Markets Bond Index Fund seeks to provide a high level of current income.
Strategy. Normally investing at least 80% of assets in debt securities included in the Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD). The Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD) is a multi-currency benchmark that includes fixed-rate treasury securities 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 … Normally investing at least 80% of assets in debt securities included in the Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD). The Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD) is a multi-currency benchmark that includes fixed-rate treasury securities 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 Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted 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 |
|---|---|---|---|
| SPTR TRS EQUITY SOFR+70 BOA | — | $221.04M | 1.37% |
| Fidelity Cash Central Fund | — | $160.79M | 1.00% |
| UNITED KINGDOM GILT GBP REG S 4.5% 06-07-28 | — | $145.69M | 0.90% |
| ITALY REPUBLIC OF 2.1% 08/26/2027 REGS | — | $134.83M | 0.84% |
| United Kingdom of Great Britain and Northern Ireland | — | $130.60M | 0.81% |
| JAPAN GOVT 10-YR | — | $130.35M | 0.81% |
| French Republic Government Bonds OAT | — | $117.59M | 0.73% |
| PORTUGUESE OT'S | — | $109.80M | 0.68% |
| GERMANY FEDERAL REPUBLIC OF 2.4% 10/19/2028 REGS | — | $107.56M | 0.67% |
| French Republic Government Bonds OAT | — | $106.36M | 0.66% |
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. |
|---|---|---|
| iShares International Treasury Bond ETF · IGOV | 51% | 0.35% |
| SPDR(R) Bloomberg International Treasury Bond ETF · BWX | 39% | 0.35% |
| Fidelity International Bond Index Fund · FBIIX | 38% | 0.06% |
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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