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FSKLX

Fidelity SAI International Low Volatility Index Fund

Index fundEquityTracks the Fidelity International Low Volatility Focus IndexOpen-end fund
Fidelity Salem Street Trust: FSKLXHoldings as of Apr 30, 2026Filed Jun 26, 2026

Developed international stock index fund · tracks Fidelity International Low Volatility Focus Index

As of its 2026 Q2 report, Fidelity SAI International Low Volatility Index Fund held 138 positions with $7.35B in net assets. Its ten largest holdings made up 19.5% of the fund. The FSKLX share class costs 0.16% a year. Over the 12 months to May 2026, FSKLX returned 10.5%, with dividends reinvested. In 2026 Q3 it added 6 new positions and exited 12.

2026 Q2 holdings and allocationChanges are against the previous quarter, 2026 Q2Headline fees and returns use the FSKLX share class
Expense ratio · FSKLX
0.16%
$16 a year for every $10,000 invested
one share class
$7.35B
The whole fund, all share classes
138 holdings
19.5%in the top 10
Weight held in the ten largest holdings
Top 25 hold 42.0%
Return, 1 year · FSKLX
+10.5%
With dividends, to May 2026
3 yr total +40.1% · 5 yr total +32.3%
What this fund is
Objective, as filed

Fidelity SAI International Low Volatility Index Fund seeks to provide investment results that correspond to the total return of low volatility foreign stocks.

Strategy, summarised

The fund tracks the Fidelity International Low Volatility Focus Index, which selects developed-market equities ranked by low five-year standard deviation and low five-year beta, holding at least 80% of assets in index constituents. Because index membership depends on volatility measures calculated over a trailing five-year period, those measures will shift as market history changes, causing the index composition to drift and the fund to incur turnover.

What you own

per cent of the fund
CompanyWeightValue
SHELL PLC
2.29%
$168.51M
RELX PLC
2.09%
$153.82M
TOKIO MARINE HOLDINGS INC
2.01%
$147.71M
ASTRAZENECA PLC
1.99%
$146.18M
NOVARTIS AG
1.91%
$140.50M
NATIONAL GRID PLC
1.90%
$139.37M
AIR LIQUIDE SA
1.88%
$138.26M
ZURICH INSURANCE GROUP AG
1.83%
$134.44M
GSK PLC
1.82%
$133.74M
DEUTSCHE BOERSE AG
1.79%
$131.31M
Showing 1–10 of 138 · the top 10 are 19.50% of the fund, the top 25 are 42.03%

Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

All 138 holdings, with the share counts as filed, open with a free account.

What the fund is made of

Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.

99.87%
of net assets
Stocks97.93%
Cash & short-term1.82%
Derivatives0.07%
Bonds0.05%

Derivatives are shown at market value, not notional exposure.

How it has done

Total return, dividends reinvested · to May 2026

FSKLX share class · total returns with dividends reinvested

1 year
+10.52%
3 years
+40.08%
Cumulative, not per year
5 years
+32.28%
Cumulative, not per year
Largest decline in 3 years
-9.10%
From a previous high to a later low
Cumulative return, last three years· Aug 2023 – May 2026

Volatility over the last 12 months: 12.30%. Past returns are a record, not a forecast.

Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Fees & fund details

Fidelity SAI International Low Volatility Index Fund is a developed international equity index fund that tracks the Fidelity International Low Volatility Focus Index.

Asset class
Equity
Region
Developed international
Management
Index (passive)
Fund type
Open-end fund
Expense ratio, by class
0.16%· FSKLX 0.16%
Portfolio turnover
23.00% a year · as of 2025 Q4

Turnover is how much of the portfolio was replaced in a year.

Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.

What changed this quarter

2026 Q3 vs 2026 Q2

Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.

6 new

TAKEDA PHARMACEUTICAL CO LTD
LOTTOMATICA GROUP SPA
KIRIN HOLDINGS CO LTD
BP PLC
UST BILLS
ICE FUTURES US

12 exited· the largest 8

JAPAN POST BANK CO LTD
Fidelity Revere Street Trust
ASX LTD
NGK CORP
KINDEN CORP
SHIMAMURA CO LTD
HUHTAMAKI OY
ICE FUTURES US

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
0.00%
Avg maturity
0.04 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Connected research

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