Fund Evaluator:

Fidelity Series Canada Index Overview

Fidelity Series Canada Index (FSLOX) is a passively managed International Equity Focused Region fund. Fidelity Investments launched the fund in 2026.

The investment seeks to provide investment results that correspond to the total return of Canadian stocks. The fund normally invests at least 80% of assets in securities included in the MSCI Canada Index and in depositary receipts representing securities included in the index. The index is a free float-adjusted market capitalization weighted index designed to measure the performance of the large and mid-cap segments of the Canada market.

About Fidelity Series Canada Index (FSLOX)

There are 5 members of the management team with an average tenure of 0.00 years: Louis Bottari (2026), Payal Gupta (2026), Peter Matthew (2026), Navid Sohrabi (2026), Robert Regan (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI Canada NR USD index with a weighting of 100%. Fidelity Series Canada Index has securities in its portfolio. The top 10 holdings constitute 0.0% 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 Series Canada Index is part of the Equity global asset class and is within the International Equity fund group. Fidelity Series Canada Index has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% 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 Series Canada Index has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $10 million in total assets, which is below the $957 million average for the Focused Region 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.

FSLOX 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 Series Canada Index expense ratio is low compared to funds in the Focused Region category. Fidelity Series Canada Index has an expense ratio of 0.01%, which is 99% 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. A portfolio turnover rate cannot be currently calculated for Fidelity Series Canada Index. By way of comparison, the average portfolio turnover is 36% for the Focused Region category.

Recently, in the month of , Fidelity Series Canada Index returned 0.0%, which earned it a grade of NA, as the Focused Region category had an average return of -2.2%. 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 Series Canada Index has a trailing yield of 0.00%, which is below the 2.42% category average. The fund normally distributes its income annually and its capital gains 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.

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