Fidelity SAI International Sm Cp Idx (FSISX)

Fidelity SAI International Small Cap Index Fund is an open-end mutual fund that seeks to replicate the performance of a market capitalization-weighted index, capturing the total return of small-capitalization companies outside the United States. The fund invests primarily in equities from developed and select emerging markets, concentrating on firms that fall within the bottom 30% of each regional equity market by market capitalization. Its portfolio spans diverse sectors, such as technology, financial services, industrials, consumer cyclicals, and real estate, offering broad international exposure while avoiding domestic U.S. stocks. Designed with an index-tracking strategy, the fund aims to provide diversified access to the international small- and mid-capitalization segment, making it a representative vehicle for gaining exposure to global economic growth drivers not typically reflected in large-cap or domestic portfolios. With a low expense ratio and cost-effective structure, the fund holds a significant position in the foreign small/mid-blend category, serving as a foundational holding for investors seeking to diversify across international equity markets.