FUMIX: Fidelity® SAI US Momentum Index

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FUMIX Fidelity® SAI US Momentum Index


Profile

FUMIX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 10.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $2.19 B
  • Holdings in Top 10 38.7%

52 WEEK LOW AND HIGH

$14.97
$10.23
$17.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.21%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 161.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 11.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity® SAI U.S. Momentum Index Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Feb 09, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Louis Bottari

Fund Description

Normally investing at least 80% of assets in securities included in the MSCI USA Custom Momentum Composite Index. The MSCI USA Custom Momentum Composite Index is a customized version of the MSCI USA Momentum Index, which is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with relatively higher price momentum. Lending securities to earn income for the fund.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

Performance

FUMIX - Performance

Return Ranking - Trailing

Period FUMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -91.6% 86.2% 79.44%
1 Yr 9.8% -92.0% 115.1% 79.61%
3 Yr 10.0%* -59.0% 39.7% 37.46%
5 Yr N/A* -41.4% 33.3% N/A
10 Yr N/A* -18.4% 17.5% N/A

* Annualized

Return Ranking - Calendar

Period FUMIX Return Category Return Low Category Return High Rank in Category (%)
2019 21.6% -67.9% 49.9% 62.93%
2018 -4.6% -65.5% 10.6% 14.71%
2017 N/A -46.3% 52.2% N/A
2016 N/A -56.6% 15.3% N/A
2015 N/A -82.5% 11.4% N/A

Total Return Ranking - Trailing

Period FUMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -91.6% 86.2% 79.44%
1 Yr 9.8% -92.0% 115.1% 79.53%
3 Yr 11.2%* -57.9% 39.7% 50.25%
5 Yr N/A* -38.8% 33.3% N/A
10 Yr N/A* -17.0% 21.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FUMIX Return Category Return Low Category Return High Rank in Category (%)
2019 21.6% -67.9% 49.9% 63.09%
2018 -2.1% -65.5% 16.5% 22.11%
2017 N/A -28.2% 52.2% N/A
2016 N/A -56.6% 17.1% N/A
2015 N/A -38.0% 17.3% N/A

NAV & Total Return History


Holdings

FUMIX - Holdings

Concentration Analysis

FUMIX Category Low Category High FUMIX % Rank
Net Assets 2.19 B 818 K 235 B 38.98%
Number of Holdings 188 2 2263 12.22%
Net Assets in Top 10 708 M 399 K 71.6 B 43.85%
Weighting of Top 10 38.73% 13.5% 100.0% 77.18%

Top 10 Holdings

  1. Apple Inc 5.48%
  2. Amazon.com Inc 5.41%
  3. Microsoft Corp 4.74%
  4. NVIDIA Corp 4.43%
  5. Tesla Inc 3.88%
  6. UnitedHealth Group Inc 3.28%
  7. Johnson & Johnson 3.11%
  8. Netflix Inc 3.07%
  9. Adobe Inc 2.96%
  10. Alphabet Inc Class C 2.39%

Asset Allocation

Weighting Return Low Return High FUMIX % Rank
Stocks
98.44% 60.93% 103.32% 59.47%
Cash
1.56% -5.73% 39.07% 36.58%
Preferred Stocks
0.00% 0.00% 2.55% 24.67%
Other
0.00% -1.64% 18.70% 29.23%
Convertible Bonds
0.00% 0.00% 6.70% 17.25%
Bonds
0.00% -0.48% 13.73% 21.73%

Stock Sector Breakdown

Weighting Return Low Return High FUMIX % Rank
Technology
31.96% 4.67% 54.73% 47.56%
Healthcare
27.05% 0.00% 60.93% 1.24%
Communication Services
11.36% 0.00% 34.83% 64.42%
Consumer Cyclical
10.73% 0.00% 44.53% 82.21%
Financial Services
5.03% 0.00% 41.40% 92.96%
Consumer Defense
4.32% 0.00% 19.15% 46.02%
Real Estate
4.25% 0.00% 22.16% 12.92%
Industrials
2.36% 0.00% 24.88% 86.54%
Utilities
1.97% 0.00% 11.79% 11.99%
Basic Materials
0.93% 0.00% 13.33% 59.94%
Energy
0.04% 0.00% 7.94% 41.14%

Stock Geographic Breakdown

Weighting Return Low Return High FUMIX % Rank
US
98.19% 60.93% 100.05% 15.62%
Non US
0.25% 0.00% 18.83% 85.31%

Expenses

FUMIX - Expenses

Operational Fees

FUMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.21% 0.01% 24.73% 98.73%
Management Fee 0.10% 0.00% 1.40% 2.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

FUMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FUMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FUMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 161.00% 0.00% 464.00% 97.33%

Distributions

FUMIX - Distributions

Dividend Yield Analysis

FUMIX Category Low Category High FUMIX % Rank
Dividend Yield 0.00% 0.00% 19.69% 18.90%

Dividend Distribution Analysis

FUMIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Semi-Annually

Net Income Ratio Analysis

FUMIX Category Low Category High FUMIX % Rank
Net Income Ratio 1.54% -8.87% 2.43% 1.02%

Capital Gain Distribution Analysis

FUMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

FUMIX - Fund Manager Analysis

Managers

Louis Bottari


Start Date

Tenure

Tenure Rank

Feb 09, 2017

3.56

3.6%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior portfolio manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.

Peter Matthew


Start Date

Tenure

Tenure Rank

Feb 09, 2017

3.56

3.6%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.

Robert Regan


Start Date

Tenure

Tenure Rank

Feb 09, 2017

3.56

3.6%

Since joining Geode in 2016, Mr. Regan has worked as a portfolio manager. Prior to joining Geode, Mr. Regan was senior implementation portfolio manager at State Street Global Advisors from 2008 to 2016.

Deane Gyllenhaal


Start Date

Tenure

Tenure Rank

Feb 09, 2017

3.56

3.6%

Since joining Geode in 2014, Mr. Gyllenhaal has worked as a senior portfolio manager. Prior to joining Geode, Mr. Gyllenhaal was a senior portfolio manager at Hartford Investment Management from 2006 to 2014.

Payal Gupta


Start Date

Tenure

Tenure Rank

Jun 30, 2019

1.17

1.2%

Payal Gupta joined Geode in 2019, Ms. Gupta has worked as a portfolio manager. Prior to joining Geode, Ms. Gupta worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Before joining SSGA in 2005, she worked as an analyst at Concentra Integrated Services and at Morgan Stanley. Ms. Gupta holds an MBA with specialization in Investments and Information Systems from Northeastern University and a Bachelor of Science in Information Technology from Bay Path University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 37.28 8.34 1.34