Fund Evaluator:
Fidelity Flex International Index (FITFX)
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Best Performing in Foreign Large Blend Over the Last Year
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| 31.4% | Nationwide Bailard Intl Eqs M (NWHLX) |
| 31.2% | Goldman Sachs Intl Eq Insghts Inv (GCITX) |
| 31.2% | Vanguard International Core Stock Adm (VZICX) |
Fund Details
Fidelity Flex International Index Overview
Fidelity Flex International Index (FITFX) is a passively managed International Equity Foreign Large Blend fund. Fidelity Investments launched the fund in 2017.
The investment seeks to provide investment results that correspond to the total return of foreign developed and emerging stock markets. The fund normally invests at least 80% of assets in securities included in the Fidelity Global ex U.S. IndexSM. The index is a float-adjusted market capitalization-weighted index designed to reflect the performance of stocks of non-U.S. large- and mid-capitalization companies.
About Fidelity Flex International Index (FITFX)
There are 5 members of the management team with an average tenure of 8.44 years: Louis Bottari (2017), Payal Gupta (2019), Peter Matthew (2017), Navid Sohrabi (2019), Robert Regan (2017). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Fidelity Global ex US TR USD index with a weighting of 100%. Fidelity Flex International Index has 2230 securities in its portfolio. The top 10 holdings constitute 16.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Flex International Index is part of the Equity global asset class and is within the International Equity fund group. Fidelity Flex International Index has 98.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.1%. There is 98.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Flex International Index has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FITFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Flex International Index expense ratio is low compared to funds in the Foreign Large Blend category. Fidelity Flex International Index has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Flex International Index has a portfolio turnover rate of 16%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Fidelity Flex International Index returned -0.8%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Fidelity Flex International Index has a trailing yield of 2.53%, which is above the 2.17% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Fidelity Flex International Index Grades
Year to date, the fund has returned 14.0%, 2.4 percentage points better than the category, which translates into a grade of A. The fund has returned 29.3% over the past year (grade of A), 17.6% over the past three years (grade of B) and 9.3% per year over the past five years (grade of B).
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FITFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FITFX Return (NAV) | -0.8% | 3.4% | 29.3% | 17.6% | 9.3% | na |
| FITFX Grade | D | D | A | B | B | na |
| +/- Category | -1.5% | -1.0% | 5.1% | 1.7% | 0.9% | na |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| FITFX Tax Cost Ratio | na | na | 0.8% | 0.8% | 0.8% | na |
FITFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FITFX Return (NAV) | 14.0% | 33.2% | 5.4% | 15.5% | -15.7% | 7.8% | 10.8% | 21.4% | -14.0% | na | na |
| FITFX Grade | A | B | B | D | C | D | C | D | B | na | na |
| +/- Category | 2.4% | 2.7% | 0.5% | -0.8% | 0.7% | -2.4% | -1.0% | -1.5% | 1.3% | na | na |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.05 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (55% Rank) |
| Beta: | 0.92 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $4324 Mil |
| Fund Total Assets: | $4,325 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 16% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 9.4 years | |||
| Average Tenure: 8.4 years | |||
| Managers (Year): Bottari Louis (2017), Matthew Peter (2017), Regan Robert (2017), Gupta Payal (2019), Sohrabi Navid (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 2230 |
| % in Top 10 Holdings: | 16.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.7% |
Portfolio Allocation |
|
| Domestic Stock: | 1.1% |
| Foreign Stock: | 98.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-835-5092 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | March 9, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Fidelity Flex International Index |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
