Fidelity SAI U.S. Quality Index Fund

Fidelity Salem Street Trust · 1 share class

U.S. equity index fund
One fund, 1 share class:FUQIX
$28.83B NAV
98 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity SAI U.S. Quality Index Fund is a U.S. equity index fund that tracks the Fidelity U.S. Quality Focus Index. 16% of FUQIX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2025 Q3

Fidelity SAI U.S. Quality Index Fund seeks to provide investment results that correspond to the total return of stocks of quality growth United States companies.

Strategy · summarised

The fund tracks the Fidelity U.S. Quality Focus Index using statistical sampling, holding between 90 and 150 large-cap U.S. equities ranked by a composite quality score that emphasizes free cash flow margins, return on invested capital, earnings stability, and low financial leverage. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.

Expenses
0.10%one share class
Share classExpense ratio
FUQIX0.10%

Portfolio turnover 51.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.91%
of net assets
Stocks98.05%
Cash & short-term1.76%
Bonds0.05%
Derivatives0.05%

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology39.7%
Communication Services14.0%
Financials13.5%
Health Care13.0%
8 smaller19.7%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
16%of stock holdings in top-quartile growers
covering 100% of the fund’s equity
Earnings growth
20%of stock holdings in top-quartile growers
covering 98% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 21 new5 exited

Largest new: AMAT, MRSH, NFLX, PYPL, EA, OTIS, TPR, EXPE

Exited: YUM, KEYS, TPL, CHICAGO MERCANTILE EXCH INC, UST BILLS

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+20.72%
3-year
+68.95%
5-year
+81.48%
Volatility
13.80%
Worst 3-yr fall
-8.44%
Cumulative return· May 2023 – Apr 2026

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.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
ALPHABET INCGOOGL9.40%$2.71B
APPLE INCAAPL9.05%$2.61B
MICROSOFT CORPMSFT7.43%$2.14B
NVIDIA CORPNVDA4.23%$1.22B
ELI LILLY and COLLY3.84%$1.11B
VISA INCV3.79%$1.09B
META PLATFORMS INCMETA3.43%$989.68M
LAM RESEARCH CORPLRCX3.43%$989.17M
MASTERCARD INCMA3.37%$969.96M
APPLIED MATERIALS INCAMAT3.33%$959.81M
Showing 10 of 98Sign in to see more

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.

Top 10 positions are 51.30% of net assets, top 25 78.96%, across 97 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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