Fidelity Flex International Index Fund
FITFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02109 Boston MA United States of America 02210
- IPO Date
- Mar 9, 2017
- CIK
- 0000035315
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity Flex International Index Fund (FITFX) is an open-end mutual fund that seeks to provide investment results corresponding to the total return of foreign developed and emerging stock markets by normally investing at least 80% of its assets in securities included in the MSCI ACWI ex USA Index and depositary receipts representing such securities. The fund offers exposure to a diversified portfolio of international equities, with approximately 97% allocated to non-U.S. stocks across sectors including financial services (23%), industrials (15%), technology (14%), consumer cyclical (10%), and healthcare (8%); top holdings feature companies such as Taiwan Semiconductor Manufacturing, Tencent Holdings, ASML Holding, and Samsung Electronics. It maintains a low expense ratio of 0.00%, low turnover of 4%, and is available exclusively to certain fee-based accounts, advisory programs offered by Fidelity, and select broker-dealers, with no minimum initial investment required. Launched on March 9, 2017, and headquartered in Smithfield, Rhode Island as part of Fidelity Investments' suite of Flex funds, FITFX targets institutional and advisory clients seeking cost-effective, passive international equity exposure outside the United States. Geographically, the fund's assets span developed markets in the Eurozone (20%), Japan (16%), and developed Asia (12%), alongside emerging Asia (12%) and other regions, providing broad coverage of global markets excluding the U.S. The portfolio is managed by a team including Louis Bottari, Peter Matthew, Robert Regan (since inception), Payal Gupta (since 2019), and Navid Sohrabi (since 2019), with total net assets reaching approximately $3.54 billion. In recent developments, the fund continues to adhere to its index-tracking strategy amid ongoing annual rebalancing of the MSCI ACWI ex USA Index, with a prospectus update expected by December 30, 2024, reflecting standard policy reviews and no reported material changes to investment objectives or restrictions. Fidelity has not announced specific acquisitions, partnerships, or strategic shifts for FITFX in the last 1-2 years, maintaining its focus on passive management within advisory channels; portfolio managers were reaffirmed in their roles through 2025 per the latest disclosures. The fund remains closed to most retail investors but supports scalability for eligible fee-based platforms.