Fidelity SAI U.S. Value Index Fund
U.S. stock index fund · tracks Fidelity U.S. Value Focus Index
As of its 2026 Q2 report, Fidelity SAI U.S. Value Index Fund held 204 positions with $8.05B in net assets. Its ten largest holdings made up 32.7% of the fund. The FSWCX share class costs 0.11% a year. Over the 12 months to May 2026, FSWCX returned 39.1%, with dividends reinvested. In 2026 Q3 it added 36 new positions and exited 36.
Fidelity SAI U.S. Value Index Fund seeks to provide investment results that correspond to the total return of U.S. stocks with attractive valuations.
The fund tracks the Fidelity U.S. Value Focus Index using statistical sampling techniques, holding a portfolio designed to replicate the index's exposure to large- and mid-cap U.S. stocks selected for attractive valuations based on free-cash-flow yield, enterprise value to earnings, book-to-price ratio, and forward earnings yield. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
4.81% | $387.34M | 749.0K | $517.16 | |
NVDANVIDIA CORP | 4.27% | $343.46M | 1.7M | $199.57 |
3.60% | $289.88M | 782.5K | $370.48 | |
3.58% | $287.97M | 5.4M | $53.46 | |
3.28% | $264.22M | 1.4M | $193.31 | |
AAPLAPPLE INC | 3.19% | $256.43M | 945.0K | $271.35 |
2.77% | $222.98M | 2.7M | $82.23 | |
GOOGLALPHABET INC | 2.54% | $204.67M | 531.9K | $384.80 |
2.46% | $197.81M | 1.5M | $127.98 | |
2.17% | $174.93M | 3.6M | $48.03 |
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.
The 200 largest of 204 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 | 0.73% |
| Derivatives | 0.01% |
| Bonds | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 23.8%
- Financials
- 20.5%
- Energy
- 12.6%
- Health Care
- 11.3%
- 11 other sectors
- 31.9%
- Information Technology
- 23.8%
- Financials
- 20.5%
- Energy
- 12.6%
- Health Care
- 11.3%
- Communication Services
- 10.3%
- International
- 5.2%
- Consumer Staples
- 4.2%
- Consumer Discretionary
- 3.9%
- Industrials
- 3.7%
- Materials
- 3.1%
- Utilities
- 0.9%
- Cash
- 0.3%
- Real Estate
- 0.3%
- Government
- 0.0%
- Other
- 0.0%
How it has done
FSWCX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.08%. 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 U.S. Value Index Fund is a U.S. equity index fund that tracks the Fidelity U.S. Value Focus Index. 11% of FSWCX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.11%· FSWCX 0.11%
- Portfolio turnover
- 61.00% a year · as of 2025 Q3
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.
36 new· the largest 8
36 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.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FSWCX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”