Fidelity Series International Developed Markets Bond Index Fund
Developed international bond index fund · tracks Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD)
As of its 2026 Q2 report, Fidelity Series International Developed Markets Bond Index Fund held 682 positions with $17.54B in net assets. Its ten largest holdings made up 7.3% of the fund. The FSTQX share class costs 0% a year. Over the 12 months to May 2026, FSTQX returned 2.0%, with dividends reinvested. In 2026 Q2 it added 108 new positions and exited 66.
Fidelity Series International Developed Markets Bond Index Fund seeks to provide a high level of current income.
The fund tracks the Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD) using statistical sampling across duration, maturity, interest rate sensitivity, security structure, and credit quality to replicate returns with fewer securities. It holds fixed-rate treasury securities from developed markets while hedging foreign currency exposure through forward contracts. The fund may use derivatives including swaps, options, and futures to adjust risk exposure, which can create tracking divergence from the index.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
STATE STREET BANK AND TRUST COMPANY | 1.28% | $223.92M | — |
UNITED KINGDOM,G.B. and N.IRELAND 4.50% · due 2028-06-07 | 0.84% | $146.54M | — |
UNITED KINGDOM,G.B. and N.IRELAND 4.50% · due 2035-03-07 | 0.76% | $132.45M | — |
JAPAN GOVERNMENT OF 0.90% · due 2034-09-20 | 0.71% | $125.17M | — |
FRANCE REPUBLIC OF 2.50% · due 2043-05-25 | 0.67% | $117.55M | — |
FRANCE REPUBLIC OF 3.50% · due 2035-11-25 | 0.63% | $109.89M | — |
PORTUGAL OBRIGACOES DO TESOURO OT 1.95% · due 2029-06-15 | 0.62% | $108.94M | — |
GERMANY FEDERAL REPUBLIC OF 2.40% · due 2028-10-19 | 0.61% | $106.44M | — |
FRANCE REPUBLIC OF 2.00% · due 2032-11-25 | 0.60% | $106.16M | — |
PORTUGAL OBRIGACOES DO TESOURO OT 2.88% · due 2034-10-20 | 0.59% | $103.05M | — |
The 200 largest of 682 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%.
| Bonds | 96.74% |
| Derivatives | 2.30% |
| Cash & short-term | 0.15% |
Derivatives are shown at market value, not notional exposure.
How it has done
FSTQX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.30%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is 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 Series International Developed Markets Bond Index Fund is a developed international bond index fund that tracks the Bloomberg Global Aggregate Treasury ex USD, ex Emerging Markets, RIC Capped, Float Adjusted Index (Hedged USD).
- Asset class
- Bonds
- Region
- Developed international
- Management
- Index (passive)
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Long duration
- Features
- Non-diversified
- Expense ratio, by class
- 0.00%· FSTQX 0.00%
- Portfolio turnover
- 27.00% a year · as of 2026 Q1
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.
108 new· the largest 7
66 exited· the largest 7
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
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 | 0.3% |
| 1-3y | 21.6% |
| 3-5y | 17.8% |
| 5-10y | 34.8% |
| 10y+ | 25.5% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 50% |
| Credit spreads | 50% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +5.78 yr |
| High yield | +1.61 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.41 yr | 6% |
| 5 yr | 1.53 yr | 21% |
| 10 yr | 2.99 yr | 40% |
| 30 yr | 2.46 yr | 33% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.52 yr | 7% |
| 5 yr | 1.81 yr | 25% |
| 10 yr | 3.16 yr | 43% |
| 30 yr | 1.90 yr | 26% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $7.1k | $1.7k |
| 1 yr | +0.41 | +0.40 | +0.12 | $699.5k | $209.6k |
| 5 yr | +1.53 | +1.40 | +0.41 | $2.45m | $725.3k |
| 10 yr | +2.99 | +2.48 | +0.68 | $4.34m | $1.19m |
| 30 yr | +2.46 | +1.51 | +0.39 | $2.64m | $685.1k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 7.39 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Understand how this fund fits with the rest.
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