Fidelity SAI Japan Stock Index (FSJPX)

Fidelity SAI Japan Stock Index Fund is an open-end mutual fund designed to deliver investment results closely aligned with the total return of Japanese equities. The fund primarily aims to replicate the performance of the MSCI Japan Index—an index that covers a broad spectrum of large and mid-cap Japanese companies—by investing at least 80% of its assets in securities from the index and related depositary receipts. This structure provides investors with diversified exposure to key sectors within Japan’s economy, including consumer cyclical, technology, financial services, and industrials, reflecting the composition of the Japanese market. Managed by Fidelity, the fund employs a passive investment strategy, favoring broad market representation over active stock selection. Its low expense ratio and cost-efficient approach make it a prominent vehicle for accessing Japanese equities, especially for investors seeking broad, index-based exposure. With a portfolio typically holding over 190 stocks and a sizable allocation to major Japanese corporations, the fund plays a significant role in connecting global investors to the performance and trends of Japan’s stock market.