Fidelity SAI Small-Mid Cap Momentum Index Fund
U.S. stock index fund · tracks Fidelity U.S. Small-Mid Cap Momentum Focus Index
As of its 2026 Q2 report, Fidelity SAI Small-Mid Cap Momentum Index Fund held 208 positions with $4.27B in net assets. Its ten largest holdings made up 18.6% of the fund. The FZFLX share class costs 0.05% a year. Over the 12 months to May 2026, FZFLX returned 49.7%, with dividends reinvested. In 2026 Q3 it added 170 new positions and exited 74.
Fidelity SAI Small-Mid Cap Momentum Index Fund seeks to provide investment results that correspond to the total return of small- to mid-capitalization stocks with high momentum characteristics.
The fund tracks the Fidelity U.S. Small-Mid Cap Momentum Focus Index, a rules-based index that selects small- to mid-cap stocks exhibiting high price and earnings momentum. The index applies market capitalization, liquidity, and investability screens to the universe of U.S. stocks outside the 500 largest companies. Because the fund's returns depend on the index methodology's selection of momentum stocks, performance will diverge from the broader small-mid cap market if momentum characteristics do not drive returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
SNDKSANDISK CORP | 3.45% | $147.21M | 134.3K | $1,096.51 |
CIENCIENA CORP | 2.13% | $90.87M | 172.2K | $527.58 |
2.02% | $86.10M | 46.8K | $1,840.25 | |
1.91% | $81.50M | 90.3K | $902.32 | |
COHRCOHERENT CORP | 1.83% | $77.94M | 243.8K | $319.71 |
FLEX LTD | 1.65% | $70.25M | 767.4K | $91.55 |
FABRINET | 1.45% | $62.01M | 90.7K | $683.47 |
1.41% | $60.09M | 73.1K | $822.15 | |
RKLBROCKET LAB CORP | 1.39% | $59.45M | 720.5K | $82.51 |
MTZMASTEC INC | 1.38% | $58.96M | 149.6K | $394.05 |
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.
The 200 largest of 208 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%.
| Stocks | 99.82% |
| Cash & short-term | 1.40% |
| Derivatives | 0.01% |
| Bonds | 0.00% |
Derivatives are shown at market value, not notional exposure.
By sector
- Industrials
- 20.9%
- Information Technology
- 17.8%
- Financials
- 12.3%
- Health Care
- 10.4%
- 10 other sectors
- 38.7%
- Industrials
- 20.9%
- Information Technology
- 17.8%
- Financials
- 12.3%
- Health Care
- 10.4%
- Energy
- 8.6%
- Real Estate
- 6.3%
- International
- 6.1%
- Consumer Discretionary
- 5.3%
- Communication Services
- 4.1%
- Materials
- 3.2%
- Utilities
- 2.3%
- Consumer Staples
- 1.8%
- Cash
- 0.9%
- Government
- 0.0%
How it has done
FZFLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.47%. 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 Small-Mid Cap Momentum Index Fund is a U.S. equity index fund that tracks the Fidelity U.S. Small-Mid Cap Momentum Focus Index. 30% of FZFLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 85% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.05%· FZFLX 0.05%
- Portfolio turnover
- 9.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
170 new· the largest 8
74 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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