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Fidelity SAI U.S. Quality Index Fund
mutual fund
FUQIX
Payout Change
Pending
Price as of:
$21.46
-0.33
-1.51%
primary theme
U.S. Large-Cap Growth Equity
share class
FUQIX (Mutual Fund)
Fidelity SAI U.S. Quality Index Fund
Payout Change
Pending
Price as of:
$21.46
-0.33
-1.51%
primary theme
U.S. Large-Cap Growth Equity
share class
FUQIX (Mutual Fund)
Fidelity SAI U.S. Quality Index Fund
Payout Change
Pending
Price as of:
$21.46
-0.33
-1.51%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
24.1%
1 yr return
25.8%
3 Yr Avg Return
11.1%
5 Yr Avg Return
15.4%
Net Assets
$17.7 B
Holdings in Top 10
52.1%
52 WEEK LOW AND HIGH
$21.8
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 12/20/2024Price
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
FUQIX - Profile
Distributions
- YTD Total Return 24.1%
- 3 Yr Annualized Total Return 11.1%
- 5 Yr Annualized Total Return 15.4%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.30%
- Dividend Yield 1.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity SAI U.S. Quality Index Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 14, 2015
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLouis 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 | 24.1% | -6.1% | 52.5% | 54.00% |
| 1 Yr | 25.8% | -4.9% | 55.1% | 59.91% |
| 3 Yr | 11.1%* | -23.8% | 24.5% | 13.09% |
| 5 Yr | 15.4%* | -15.0% | 30.3% | 39.73% |
| 10 Yr | N/A* | -5.5% | 21.7% | 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% | 70.35% |
| 2022 | -19.2% | -85.9% | 4.7% | 2.97% |
| 2021 | 17.7% | -52.4% | 60.5% | 20.95% |
| 2020 | 9.7% | -34.3% | 145.0% | 95.83% |
| 2019 | 17.3% | -6.9% | 49.4% | 87.77% |
Total Return Ranking - Trailing
| Period | FUQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.1% | -6.1% | 52.5% | 54.00% |
| 1 Yr | 25.8% | -4.9% | 55.1% | 59.91% |
| 3 Yr | 11.1%* | -23.8% | 24.5% | 13.09% |
| 5 Yr | 15.4%* | -15.0% | 30.3% | 39.73% |
| 10 Yr | N/A* | -5.5% | 21.7% | 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% | 75.27% |
| 2022 | -18.1% | -61.7% | 5.6% | 6.30% |
| 2021 | 28.3% | -39.8% | 118.1% | 12.54% |
| 2020 | 20.7% | 2.8% | 149.2% | 93.21% |
| 2019 | 34.1% | -5.2% | 49.4% | 41.49% |
NAV & Total Return History
FUQIX - Holdings
Concentration Analysis
| FUQIX | Category Low | Category High | FUQIX % Rank | |
|---|---|---|---|---|
| Net Assets | 17.7 B | 296 K | 317 B | 15.41% |
| Number of Holdings | 87 | 2 | 3061 | 28.86% |
| Net Assets in Top 10 | 7.38 B | 126 K | 150 B | 19.15% |
| Weighting of Top 10 | 52.09% | 0.7% | 205.0% | 56.14% |
Top 10 Holdings
- APPLE INC 9.67%
- NVIDIA CORP 8.49%
- ALPHABET INC CL A 6.54%
- META PLATFORMS INC CL A 4.87%
- MICROSOFT CORP 4.14%
- JOHNSON and JOHNSON 3.92%
- MASTERCARD INC CL A 3.80%
- VISA INC CL A 3.66%
- COCA COLA CO 3.57%
- ADOBE INC 3.44%
Asset Allocation
| Weighting | Return Low | Return High | FUQIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.75% | 0.00% | 123.52% | 16.79% |
| Cash | 0.57% | 0.00% | 173.52% | 62.89% |
| Bonds | 0.01% | 0.00% | 102.71% | 7.80% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 39.20% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 30.09% |
| Other | 0.00% | -36.56% | 42.58% | 98.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FUQIX % Rank | |
|---|---|---|---|---|
| Technology | 27.31% | 0.00% | 65.70% | 76.27% |
| Healthcare | 19.77% | 0.00% | 39.76% | 8.82% |
| Financial Services | 15.37% | 0.00% | 43.06% | 13.09% |
| Consumer Defense | 14.40% | 0.00% | 25.50% | 1.73% |
| Communication Services | 11.29% | 0.00% | 66.40% | 43.27% |
| Industrials | 8.23% | 0.00% | 30.65% | 22.18% |
| Consumer Cyclical | 2.55% | 0.00% | 62.57% | 98.82% |
| Real Estate | 0.68% | 0.00% | 16.05% | 56.09% |
| Basic Materials | 0.37% | 0.00% | 18.91% | 70.64% |
| Energy | 0.02% | 0.00% | 41.09% | 56.18% |
| Utilities | 0.01% | 0.00% | 16.07% | 30.64% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FUQIX % Rank | |
|---|---|---|---|---|
| US | 99.75% | 0.00% | 123.52% | 13.07% |
| Non US | 0.00% | 0.00% | 75.46% | 52.36% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FUQIX % Rank | |
|---|---|---|---|---|
| Government | 4.48% | 0.00% | 12.45% | 0.86% |
| Cash & Equivalents | 0.57% | 0.00% | 173.52% | 56.17% |
| Securitized | 0.00% | 0.00% | 43.70% | 25.62% |
| Corporate | 0.00% | 0.00% | 100.00% | 37.05% |
| Municipal | 0.00% | 0.00% | 0.57% | 25.62% |
| Derivative | 0.00% | -37.20% | 15.33% | 96.01% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FUQIX % Rank | |
|---|---|---|---|---|
| US | 0.01% | 0.00% | 102.71% | 7.80% |
| Non US | 0.00% | 0.00% | 0.00% | 26.04% |
FUQIX - Expenses
Operational Fees
| FUQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.11% | 0.01% | 28.71% | 98.00% |
| Management Fee | 0.10% | 0.00% | 1.50% | 2.74% |
| 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% | 80.06% |
FUQIX - Distributions
Dividend Yield Analysis
| FUQIX | Category Low | Category High | FUQIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.21% | 0.00% | 27.58% | 19.35% |
Dividend Distribution Analysis
| FUQIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annual | Annual |
Net Income Ratio Analysis
| FUQIX | Category Low | Category High | FUQIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.30% | -6.13% | 3.48% | 0.65% |
Capital Gain Distribution Analysis
| FUQIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 13, 2024 | $0.132 | OrdinaryDividend |
| Sep 13, 2024 | $0.352 | CapitalGainShortTerm |
| Sep 13, 2024 | $1.686 | CapitalGainLongTerm |
| Dec 08, 2023 | $0.099 | OrdinaryDividend |
| Dec 08, 2023 | $0.190 | CapitalGainLongTerm |
| Sep 08, 2023 | $0.127 | OrdinaryDividend |
| Sep 08, 2023 | $0.044 | CapitalGainLongTerm |
| Dec 09, 2022 | $0.097 | OrdinaryDividend |
| Sep 09, 2022 | $0.121 | OrdinaryDividend |
| Dec 10, 2021 | $0.227 | OrdinaryDividend |
| Sep 10, 2021 | $1.394 | OrdinaryDividend |
| Dec 11, 2020 | $0.598 | OrdinaryDividend |
| Sep 11, 2020 | $0.925 | OrdinaryDividend |
| Dec 13, 2019 | $0.109 | OrdinaryDividend |
| Dec 13, 2019 | $0.082 | CapitalGainShortTerm |
| Dec 13, 2019 | $0.096 | CapitalGainLongTerm |
| Sep 13, 2019 | $0.135 | OrdinaryDividend |
| Sep 13, 2019 | $0.222 | CapitalGainShortTerm |
| Sep 13, 2019 | $1.293 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.009 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.009 | OrdinaryDividend |
| Sep 14, 2018 | $0.044 | CapitalGainShortTerm |
| Sep 14, 2018 | $0.142 | CapitalGainLongTerm |
| Sep 14, 2018 | $0.097 | OrdinaryDividend |
| Dec 01, 2017 | $0.003 | CapitalGainShortTerm |
| Dec 01, 2017 | $0.006 | CapitalGainLongTerm |
| Dec 01, 2017 | $0.089 | OrdinaryDividend |
| Sep 15, 2017 | $0.103 | CapitalGainShortTerm |
| Sep 15, 2017 | $0.196 | CapitalGainLongTerm |
| Sep 15, 2017 | $0.104 | OrdinaryDividend |
| Dec 02, 2016 | $0.001 | CapitalGainShortTerm |
| Dec 02, 2016 | $0.090 | OrdinaryDividend |
| Sep 16, 2016 | $0.028 | CapitalGainShortTerm |
| Sep 16, 2016 | $0.003 | CapitalGainLongTerm |
| Sep 16, 2016 | $0.050 | OrdinaryDividend |
| Dec 07, 2015 | $0.030 | OrdinaryDividend |
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 | 8.25 | 3.08 |
