Seeks to provide investment results that correspond to the total return of foreign stock markets.
Normally investing at least 80% of assets in common stocks included in the Morgan Stanley Capital International Europe, Australasia, Far East Index, which represents the performance of foreign stock markets.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.
This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.
The MSCI Europe, Australasia and Far East Index is an unmanaged market capitalization-weighted index designed to represent the performance of developed stock markets outside the United States and Canada.
Returns prior to September 8, 2011 are those of the Premium Class and reflect the Premium Class' expense ratio. Had the Institutional Premium Class' expense ratio been reflected, total returns would have been higher.
Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
---|---|---|---|---|---|
FUND Fidelity® International Index Fund | 3.71% | 1.71% | 4.87% | 5.38% | 5.03% |
PRIMARY BENCHMARK | 4.07% | 1.87% | 4.95% | 5.41% | 5.16% |
MORNINGSTAR CATEGORY AVERAGE | 4.85% | 0.77% | 4.45% | 4.97% | -- |
Rank in Morningstar Category | 64% | 27% | 36% | 33% | -- |
# of Funds in Morningstar Category | 699 | 648 | 618 | 421 | -- |
Return Type | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
FUND Fidelity® International Index Fund | 3.71% | 18.31% | -14.24% | 11.45% | 8.17% | 22.00% | -13.52% | 25.38% | 1.34% | -0.73% | -- |
PRIMARY BENCHMARK | 4.07% | 18.49% | -14.27% | 11.48% | 8.02% | 22.29% | -13.60% | 25.29% | 1.21% | -0.67% | -- |
MORNINGSTAR CATEGORY AVERAGE Foreign Large Blend | 4.85% | 16.25% | -15.84% | 9.72% | 9.30% | 21.59% | -14.59% | 25.12% | 0.79% | -1.59% | -- |
+/- MSCI EAFE (Net MA) | -0.36% | -0.18% | 0.03% | -0.03% | 0.15% | -0.29% | 0.08% | 0.09% | 0.13% | -0.06% | -- |
+/- Foreign Large Blend | -1.14% | 2.06% | 1.60% | 1.73% | -1.13% | 0.41% | 1.07% | 0.26% | 0.55% | 0.86% | -- |
Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
---|---|---|---|---|---|
FUND Fidelity® International Index Fund | 3.71% | 1.71% | 4.87% | 5.38% | 5.03% |
PRIMARY BENCHMARK | 4.07% | 1.87% | 4.95% | 5.41% | 5.16% |
MORNINGSTAR CATEGORY AVERAGE | 4.85% | 0.77% | 4.45% | 4.97% | -- |
Fidelity® International Index Fund | 2.40% | 0.92% | 4.15% | 4.72% | 4.52% |
3.03% | -0.49% | 3.18% | 3.81% | -- | |
Fidelity® International Index Fund | 2.24% | 1.17% | 3.69% | 4.22% | 4.17% |
2.81% | 0.11% | 3.00% | 3.50% | -- |
Return Type | YTD (Daily)* | YTD (Monthly) | 1 Month | 3 Months | 6 Months |
---|---|---|---|---|---|
FUND Fidelity® International Index Fund | 0.95% | 3.71% | -2.83% | -8.38% | -1.70% |
PRIMARY BENCHMARK | -- | 4.07% | -2.26% | -8.09% | -1.39% |
MORNINGSTAR CATEGORY AVERAGE | -- | 4.85% | -2.65% | -7.35% | -0.60% |
Returns
– top 10% - High
– next 22.5% - Above Average
– middle 35% - Average
– next 22.5% - Below Average
– bottom 10% - Low
Therefore, the Morningstar Return is most helpful when used in conjunction with the Morningstar Risk Score. For example, an investor could use these two scores when comparing between funds that have the same Morningstar Star Rating and similar Morningstar Risk Adjusted Returns but different levels of risk.
Risk
Risk of this Type of Fund
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.
Year | Total Returns | Capital Gains | ||
---|---|---|---|---|
2024 | 3.71% | -- | $1.556 | $51,283.49 |
2023 | 18.31% | -- | $1.322 | $46,444.99 |
2022 | -14.24% | -- | $1.096 | $35,840.54 |
2021 | 11.45% | -- | $1.511 | $41,177.54 |
2020 | 8.17% | -- | $0.838 | $31,414.85 |
2019 | 22.00% | -- | $1.366 | $30,507.44 |
2018 | -13.52% | -- | $1.0127 | $22,131.85 |
2017 | 25.38% | $0.061 | $1.01894 | $6,773.68 |
2016 | 1.34% | $0.032 | $1.05564 | $4,509.34 |
2015 | -0.73% | -- | $1.00241 | $2,116.22 |
Information on 2023 GICS Changes
As of March 17, 2023, S&P implemented changes to the Global Industry Classification Standard (GICS) classification framework. Included in the changes was moving the Data Processing & Outsourced Services sub-industry out of the Information Technology sector and into the Industrials sector. MSCI benchmarks will reflect the changes effective June 1, 2023. To learn more about what Fidelity funds are impacted by these changes, please Click here.
LG | Current and Historical | |||
MD | ||||
SM |
See prospectus for more information on Fees, Expenses & Loads.
Date | Per Share Amount | Reinvestment Price |
---|---|---|
12/20/2024 | $1.378 | $47.27 |
04/12/2024 | $0.178 | $48.39 |
12/08/2023 | $1.322 | $45.33 |
12/28/2022 | $0.02 | $40.92 |
Date | Per Share Amount | Reinvestment Price |
---|---|---|
12/15/2017 | $0.061 | $42.42 |
12/16/2016 | $0.032 | $35.19 |
12/13/2013 | $0.039 | $38.64 |
12/14/2012 | $0.04 | $33.64 |
Month | Close | Low | High |
---|---|---|---|
December 2024 | $47.54 | $47.27 | $51.15 |
November | $50.35 | $49.16 | $51.17 |
October | $50.46 | $50.46 | $52.99 |
September | $53.40 | $50.89 | $53.93 |
August | $52.96 | $48.02 | $52.96 |
July | $51.24 | $49.96 | $51.97 |
June | $49.77 | $49.62 | $51.38 |
May | $50.83 | $48.28 | $51.18 |
April | $48.38 | $47.52 | $49.88 |
March | $50.09 | $48.81 | $50.22 |
February | $48.47 | $46.76 | $48.65 |
January | $47.18 | $45.95 | $47.39 |
The fund finished the third quarter in line with the 7.29% advance of the MSCI EAFE Index. A required tax withholding and foreign tax reclaims from a prior fiscal year was positive for the fund, while a fair value pricing adjustment and the performance variance between futures held by the fund (to equitize cash and accruals) and that of the index had slightly negative impacts. Efficient trading and implementation strategies helped limit transaction costs while replicating the exposures and characteristics of the index.
Equities, as represented by the MSCI EAFE Index, posted solid gains in Q3. This quarter, the U.S. Federal Reserve, Bank of England, Bank of Canada and European Central Bank each cut interest rates, supporting the trend of global monetary easing. Japan remained the outlier by hiking rates. Global disinflation trends continued, as core inflation fell across most major developed and emerging economies. The combination of lower core inflation, falling energy and food costs, and recent cuts in policy rates across most major central banks, all support household real incomes and consumer spending. Corporate earnings growth has reaccelerated across all regions, and for the first time in more than a year, earnings-per-share growth in non-U.S. markets is even with or surpassing the pace in the U.S. Global manufacturing activity decelerated in Q3 but was offset by positive momentum in global services activity and generally stable employment across both developed and emerging markets. Against this dynamic backdrop, by region, Asia Pacific ex Japan (+14%) delivered the strongest result in the MSCI EAFE index, lifted by strong results in Hong Kong (+24%) and Singapore (+18%). The U.K. (+8%) followed, in the wake of its general election results that fueled hopes of a sustained economic recovery. Conversely, Europe ex U.K. (+6%) lagged, hampered by a weak result in Denmark, while Japan (-6%) also underperformed. From a style perspective, value shares outpaced growth, while small-cap stocks topped larger-caps. By sector, interest-rate-sensitive real estate (+17%) and utilities (+15%) posted the biggest gains in Q3. Communication services (+12%) followed, propelled by telecommunication services (+12%). In contrast, energy (-6%) lagged the most, as oil prices dipped. Information technology (-2%) also declined, hampered by questions about the durability of artificial intelligence-related spending.
Regardless of the market environment, we continue to apply a disciplined investment process across all our strategies, relying on highly skilled professionals and robust investment infrastructure. Investment performance is the foundation of our value proposition for shareholders. This is true of our comprehensive suite of low-cost index funds. We expect our index funds to deliver low tracking difference, which is the difference in a fund's performance to that of its stated benchmark. We also seek to minimize tracking error, which measures the volatility of these return differences over a period of time. Whether it's through solid trading techniques for funds that replicate an index or our optimization techniques, when necessary, we are focused on delivering returns in line with benchmark performance. ■
Holding | Market Segment | Average Weight | Contribution (basis points)* |
Roche Holding AG (participation certificate) | Health Care | 1.27% | 17 |
SAP SE | Information Technology | 1.28% | 15 |
Unilever PLC | Consumer Staples | 0.88% | 15 |
AIA Group Ltd. | Financials | 0.45% | 15 |
ICE MSCI EAFE Index Contracts | Futures and Options | 2.04% | 12 |
* 1 basis point = 0.01%. |
Holding | Market Segment | Average Weight | Contribution (basis points)* | |
Novo Nordisk A/S Series B | Health Care | 2.51% | -51 | |
ASML Holding NV (Netherlands) | Information Technology | 2.07% | -48 | |
Toyota Motor Corp. | Consumer Discretionary | 1.13% | -16 | |
Shell PLC (London) | Energy | 1.29% | -12 | |
Tokyo Electron Ltd. | Information Technology | 0.50% | -11 | |
* 1 basis point = 0.01%. |
- Fidelity® International Index Fund is a diversified international equity strategy that seeks to closely track the returns and characteristics of the MSCI EAFE Index, a market-cap-weighted index that includes large/mid-cap firms in 21 developed-markets countries, excluding the U.S. and Canada.
- The fund employs a replication/efficient-substitution approach; it holds as many index names at approximate index weights as possible. In some instances, it may be impractical or even impossible for the fund to hold a specific index security. For example, the fund may be subject to foreign ownership restrictions, round-lot size constraints, compliance limitations, or liquidity or tax issues. Acceptable substitutes may include depository receipts of affected companies.
- The fund may use fair-value pricing techniques to better reflect the value of foreign securities whose prices may be stale due to differences in market-closure times and dates around the world. Fair-value pricing is an adjustment process that attempts to best represent the value of fund holdings as of the close of trading in U.S. markets, accounting for any major changes occurring after the close of foreign markets. The MSCI EAFE does not engage in fair-value pricing; differences between fund and index pricing methodologies may cause short-term discrepancies in performance, which tend to smooth out over time.