Fidelity Total International Index Fund (FTIHX)

Fidelity Total International Index Fund is an open-end mutual fund that aims to closely track the performance of the MSCI ACWI ex USA Investable Market Index. This benchmark captures a comprehensive representation of large-, mid-, and small-cap stocks from developed and emerging markets worldwide, excluding the United States. The fund pursues a passive investment strategy, typically investing at least 80% of its assets in securities included in the benchmark index and in depositary receipts representing those securities. By doing so, it provides investors with broad international equity exposure, encompassing thousands of companies across diverse sectors and regions. The fund is designed for investors seeking a low-cost, efficient vehicle to access global equity markets beyond the U.S., with an expense ratio consistently among the lowest in its category. With assets spread across more than 5,000 holdings, the fund delivers diversification and reflects the economic activity of both established and developing economies worldwide. Managed by Fidelity Management & Research Company LLC with support from Geode Capital Management, the fund is recognized for its strong index-tracking, low turnover, and disciplined approach, playing a significant role in portfolios seeking global diversification outside the domestic U.S. market.