Fidelity SAI International Mtm Idx (FITMX)

Fidelity SAI International Momentum Index Fund is an index mutual fund designed to mirror the performance of international stocks exhibiting strong price momentum. The fund primarily invests in large- and mid-cap companies located in developed markets outside of the United States, targeting those that have demonstrated higher recent price appreciation relative to peers. Its underlying benchmark, the Fidelity International Momentum Focus Index, systematically identifies and tracks securities across a broad range of sectors, emphasizing stocks with robust upward trends. This approach harnesses quantitative methodologies to capture potential momentum effects in international equity markets. Managed by experienced portfolio managers at Geode Capital Management, the fund plays a specialized role in providing exposure to international equities with distinctive momentum characteristics. As such, it serves investors seeking diversified access to non-U.S. markets with a strategic focus on momentum-driven performance factors.