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Trending ETFs

Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.92

$13.2 B

0.95%

$0.20

0.11%

Vitals

YTD Return

8.1%

1 yr return

26.9%

3 Yr Avg Return

10.3%

5 Yr Avg Return

14.9%

Net Assets

$13.2 B

Holdings in Top 10

52.9%

52 WEEK LOW AND HIGH

$21.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.11%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.92

$13.2 B

0.95%

$0.20

0.11%

FUQIX - Profile

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.30%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity SAI U.S. Quality Index Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Oct 14, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Louis Bottari

Fund Description

Normally investing at least 80% of assets in equity securities included in the Fidelity U.S. Quality Focus IndexSM. The Fidelity U.S. Quality Focus IndexSM seeks to capture the performance of a broad range of U.S. equities that have attractive quality scores. Quality scores for non-financial companies and non-real estate investment trusts are based on ten variables: high free cash flow margin, return on invested capital, gross profit margin, and return on equity; stable earnings growth, return on assets, free cash flow, and accruals; and low financial leverage and accruals. Financials and real estate investment trusts (REITs) are ranked using a composite score based on four measures of quality: high return on equity, stable earnings growth and return on equity, and low financial leverage. Using statistical sampling techniques taking into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to attempt to replicate the returns of the Fidelity U.S. Quality Focus Index℠.Lending securities to earn income for the fund.
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FUQIX - Performance

Return Ranking - Trailing

Period FUQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -12.5% 23.0% 73.25%
1 Yr 26.9% -21.4% 64.4% 81.56%
3 Yr 10.3%* -30.4% 36.6% 3.78%
5 Yr 14.9%* -16.0% 29.3% 38.51%
10 Yr N/A* -5.3% 19.4% N/A

* Annualized

Return Ranking - Calendar

Period FUQIX Return Category Return Low Category Return High Rank in Category (%)
2023 26.5% -74.1% 72.4% 70.51%
2022 -19.2% -85.9% 4.7% 2.80%
2021 17.7% -52.4% 60.5% 20.18%
2020 9.7% -34.3% 145.0% 95.51%
2019 17.3% -21.8% 49.4% 87.01%

Total Return Ranking - Trailing

Period FUQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -12.5% 23.0% 73.25%
1 Yr 26.9% -21.4% 64.4% 81.56%
3 Yr 10.3%* -30.4% 36.6% 3.78%
5 Yr 14.9%* -16.0% 29.3% 38.51%
10 Yr N/A* -5.3% 19.4% N/A

* Annualized

Total Return Ranking - Calendar

Period FUQIX Return Category Return Low Category Return High Rank in Category (%)
2023 29.6% -4.6% 72.4% 75.58%
2022 -18.1% -61.7% 5.6% 6.12%
2021 28.3% -39.8% 118.1% 12.39%
2020 20.7% 2.8% 149.2% 92.58%
2019 34.1% -5.2% 49.4% 41.77%

NAV & Total Return History


FUQIX - Holdings

Concentration Analysis

FUQIX Category Low Category High FUQIX % Rank
Net Assets 13.2 B 242 K 269 B 16.90%
Number of Holdings 76 1 3217 33.92%
Net Assets in Top 10 7.34 B 104 K 111 B 15.95%
Weighting of Top 10 52.90% 0.7% 205.0% 36.97%

Top 10 Holdings

  1. MICROSOFT CORP 9.25%
  2. APPLE INC 8.51%
  3. ALPHABET INC CL A 6.31%
  4. META PLATFORMS INC CL A 5.07%
  5. BROADCOM INC 4.65%
  6. MERCK and CO INC NEW 3.92%
  7. VISA INC CL A 3.90%
  8. ABBVIE INC 3.82%
  9. MASTERCARD INC CL A 3.81%
  10. JOHNSON and JOHNSON 3.67%

Asset Allocation

Weighting Return Low Return High FUQIX % Rank
Stocks
99.87% 0.00% 130.05% 9.20%
Cash
0.18% -1.50% 173.52% 82.78%
Bonds
0.01% 0.00% 104.15% 8.86%
Other
0.01% -43.49% 50.04% 23.97%
Preferred Stocks
0.00% 0.00% 7.84% 42.53%
Convertible Bonds
0.00% 0.00% 1.94% 34.49%

Stock Sector Breakdown

Weighting Return Low Return High FUQIX % Rank
Technology
27.31% 0.00% 65.70% 76.33%
Healthcare
19.77% 0.00% 39.76% 9.64%
Financial Services
15.37% 0.00% 43.06% 13.27%
Consumer Defense
14.40% 0.00% 25.50% 1.69%
Communication Services
11.29% 0.00% 66.40% 43.36%
Industrials
8.23% 0.00% 30.65% 22.57%
Consumer Cyclical
2.55% 0.00% 62.57% 98.90%
Real Estate
0.68% 0.00% 16.05% 56.38%
Basic Materials
0.37% 0.00% 18.91% 69.40%
Energy
0.02% 0.00% 41.09% 53.93%
Utilities
0.01% 0.00% 16.07% 29.92%

Stock Geographic Breakdown

Weighting Return Low Return High FUQIX % Rank
US
99.87% 0.00% 130.05% 7.76%
Non US
0.00% 0.00% 78.10% 53.84%

Bond Sector Breakdown

Weighting Return Low Return High FUQIX % Rank
Government
4.48% 0.00% 12.45% 0.80%
Cash & Equivalents
0.18% 0.00% 173.52% 71.96%
Derivative
0.01% -44.09% 82.03% 11.66%
Securitized
0.00% 0.00% 43.70% 31.26%
Corporate
0.00% 0.00% 100.00% 41.67%
Municipal
0.00% 0.00% 0.57% 31.26%

Bond Geographic Breakdown

Weighting Return Low Return High FUQIX % Rank
US
0.01% 0.00% 104.15% 8.78%
Non US
0.00% 0.00% 1.69% 30.55%

FUQIX - Expenses

Operational Fees

FUQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.11% 0.01% 19.54% 97.80%
Management Fee 0.10% 0.00% 1.50% 2.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

FUQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FUQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

FUQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 316.74% 79.94%

FUQIX - Distributions

Dividend Yield Analysis

FUQIX Category Low Category High FUQIX % Rank
Dividend Yield 0.95% 0.00% 27.29% 19.02%

Dividend Distribution Analysis

FUQIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

FUQIX Category Low Category High FUQIX % Rank
Net Income Ratio 1.30% -6.13% 3.48% 0.60%

Capital Gain Distribution Analysis

FUQIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

View More +

FUQIX - Fund Manager Analysis

Managers

Louis Bottari


Start Date

Tenure

Tenure Rank

Oct 08, 2015

6.65

6.7%

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

Oct 08, 2015

6.65

6.7%

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

Dec 31, 2016

5.42

5.4%

Robert Regan is a Portfolio Manager. He has been with Geode since 2016. Prior to joining Geode, Mr. Regan was a Senior Implementation Portfolio Manager at State Street Global Advisors from 2008 to 2016. Previously, Mr. Regan was employed by PanAgora Asset Management from 1997 to 2008, most recently as a Portfolio Manager. Mr. Regan began his career at Investors Bank and Trust.

Payal Gupta


Start Date

Tenure

Tenure Rank

Jun 30, 2019

2.92

2.9%

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.

Navid Sohrabi


Start Date

Tenure

Tenure Rank

Aug 31, 2019

2.75

2.8%

Navid Sohrabi is portfolio manager of Geode Capital Management, LLC. Since joining Geode in 2019, Mr. Sohrabi has worked as a portfolio manager. Prior to joining Geode, Mr. Sohrabi worked at DWS, most recently as an index portfolio manager. Mr. Sohrabi was Vice President with Deutsche Asset Management and has served as a Portfolio Manager and quantitative multi-asset strategist in the Passive Asset Management business since 2015. Prior to joining Deutsche Bank, Mr. Sohrabi served as a derivatives trader for several institutional asset managers and commodity trading advisors where he developed and managed systematic risk and trading strategies in equities, options, fx and futures. Mr. Sohrabi earned a BA in neurobiology from the University of California, Berkley, and a Masters of Financial Engineering from the Anderson School of Management at the University of California, Los Angeles and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.2 3.08