- CEO
- James Francis
- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Sep 9, 2011
- Business
- Fidelity Global ex U.S. Index Fund (FSGGX) is an open-end mutual fund that seeks to provide investment results corresponding to the total return of the MSCI ACWI ex USA Index, which captures large- and mid-capitalization representation across 22 developed markets excluding the United States and 24 emerging markets. The fund normally invests at least 80% of its assets in securities included in the MSCI ACWI ex USA Index and in depositary receipts representing securities included in the index; it employs a passive management strategy, including index sampling techniques to replicate the index's characteristics, and holds common stocks, depositary receipts, preferred stocks, and real estate investment trusts from issuers in foreign developed and emerging markets worldwide. Available primarily through institutional channels, the fund offers low-cost exposure to international equities outside the U.S., with an expense ratio of 0.06%, a Morningstar category of Foreign Large Blend, and portfolio assets managed under Fidelity's institutional platform.
Launched on September 8, 2011, the fund is domiciled in the United States and managed by a team at Fidelity Investments, headquartered in Boston, Massachusetts, including lead portfolio manager Louis Bottari (since inception), Peter Matthew (since 2012), Robert Regan (since 2016), Payal Gupta (since 2019), and Navid Sohrabi (since 2019).
The fund targets institutional and retirement plan investors seeking diversified international equity exposure across sectors such as financials, industrials, consumer discretionary, information technology, and health care; top holdings typically include leading global firms like Nestle SA, Samsung Electronics Co., Ltd., ASML Holding NV, and Roche Holding AG, comprising thousands of securities to mirror the benchmark's approximately 99% coverage of the global equity opportunity set ex-U.S.
No major acquisitions, mergers, funding rounds, name changes, or strategic shifts specific to FSGGX have been reported in the last 1-2 years; the fund continues stable passive operations amid Fidelity's broader equity fund merger initiatives announced in late 2024 and 2025, which do not involve this product.