Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Fidelity Flex International Focused Index Fund seeks to provide investment results that correspond to the total return of stocks of non-U.S. large- and mid-capitalization companies.
Strategy. Normally investing at least 80% of assets in securities of large- and mid-capitalization companies included in the Fidelity Global ex U.S. Focused IndexSM. The Fidelity Global ex U.S. Focused Index SM is designed to reflect the performance of stocks of non-U.S. large- and mid-capitalization companies. The Fidelity Global ex U.S. Focused Index SM was created by Fidelity Product Services LLC (FPS) using a rules-based proprietary index methodology that includes all non- U.S. large- and mid-capitalization stocks meeting certain market capitalization, liquidity and investability requirements. 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 … Normally investing at least 80% of assets in securities of large- and mid-capitalization companies included in the Fidelity Global ex U.S. Focused IndexSM. The Fidelity Global ex U.S. Focused Index SM is designed to reflect the performance of stocks of non-U.S. large- and mid-capitalization companies. The Fidelity Global ex U.S. Focused Index SM was created by Fidelity Product Services LLC (FPS) using a rules-based proprietary index methodology that includes all non- U.S. large- and mid-capitalization stocks meeting certain market capitalization, liquidity and investability requirements. 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, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the Fidelity Global ex U.S. Focused IndexSM. Lending securities to earn income for the fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Fidelity Cash Central Fund | — | $5.23M | 7.11% |
| TSMC | — | $2.48M | 3.38% |
| ASML Holding NV | — | $975.06K | 1.33% |
| SAMSUNG ELECTRONICS CO LTD | — | $907.31K | 1.23% |
| TENCENT HOLDINGS LTD | — | $845.48K | 1.15% |
| SK HYNIX INC | — | $843.38K | 1.15% |
| BABA-W | — | $721.17K | 0.98% |
| Novartis AG (Registered) | NVSEF | $595.56K | 0.81% |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | — | $545.69K | 0.74% |
| HSBC HOLDINGS PL | — | $504.50K | 0.69% |
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. |
|---|---|---|
| Fidelity ZERO International Index Fund · FZILX | 66% | 0.00% |
| Fidelity Flex International Index Fund · FITFX | 65% | 0.00% |
| Fidelity Global ex U.S. Index Fund · FSGGX | 64% | 0.06% |
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.
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