Fidelity Series Global ex U.S. Index Fund (FSGEX)

Fidelity Series Global ex U.S. Index Fund is an open-ended mutual fund that primarily aims to mirror the performance of foreign developed and emerging equity markets, intentionally excluding U.S. stocks from its portfolio. The fund tracks the MSCI All Country World Index ex USA, a market capitalization-weighted benchmark that captures a broad representation of large- and mid-cap companies across major international markets. At least 80% of the fund’s assets are invested in either securities or depositary receipts found within this index, ensuring targeted global diversification outside the United States. Key holdings typically span across sectors and regions, with notable allocations to technology, financials, and healthcare, and often include leading international firms such as Taiwan Semiconductor Manufacturing and Nestle. The fund is well regarded for its exceptionally low expense ratio, consistently placing it among the lowest-cost international index funds available. As part of the Foreign Large Blend category, it serves institutional investors and individuals seeking cost-effective, broad-based international equity exposure within a single fund structure, supporting global diversification in a portfolio.