- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jun 16, 2016
- Business
- Fidelity Total International Index Fund (FTIHX) is an open-end mutual fund that seeks investment results corresponding to the total return of the MSCI ACWI ex USA Investable Market Index, comprising securities from foreign developed and emerging stock markets. The fund normally invests at least 80% of its assets in common stocks included in the benchmark index and depository receipts representing such securities; it provides broad exposure to non-U.S. equities across large-, mid-, and small-cap companies in approximately 50 developed and emerging markets, with top holdings including Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, and Alibaba Group Holding Ltd. It features a low net expense ratio of 0.06%, no front-end or deferred loads, and a minimum initial investment of $0, making it accessible to retail and institutional investors.
Launched on June 7, 2016, the fund is domiciled in the United States and managed by a team at Fidelity Investments including Louis Bottari and Peter Matthew since inception, alongside Robert Regan, Payal Gupta, and Navid Sohrabi. Headquartered in Boston, Massachusetts, as part of Fidelity's mutual fund offerings, it operates primarily for U.S.-based investors seeking international diversification. Assets under management stand at approximately $18.90 billion, with over 5,000 holdings diversified across sectors such as financial services (21.49%), industrials (14.78%), and technology (13.43%), and regions including the Eurozone (18.81%), Japan (14.18%), and emerging Asia (14.10%).
Recent developments include sustained asset growth to nearly $19 billion amid strong performance, with year-to-date returns of around 9.01% and one-year returns of 12.23% as of late 2025, reflecting robust international market contributions; the fund has maintained its passive indexing strategy without major structural changes, partnerships, or new share classes in the past 1-2 years. Portfolio adjustments align with quarterly index reconstitutions, incorporating futures such as MSCI EAFE Index Future and MSCI Emerging Markets Index Future for efficient tracking. No significant acquisitions, funding rounds, or strategic shifts have been reported, underscoring its focus on cost-effective, long-term international equity replication.