Fidelity Series International Developed Markets Bond Index Fund
Fidelity School Street Trust · Series S000072687 · 1 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Gross | Net |
|---|---|---|
| FSTQX | 0.01% | 0.00% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 27.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 96.74% |
| Derivatives | 2.30% |
| Cash & short-term | 0.15% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: BANK OF AMERICA, N.A., JAPAN GOVERNMENT OF, ITALY REPUBLIC OF, UNITED KINGDOM,G.B. and N.IRELAND, SPAIN, KINGDOM OF ×2, AUSTRALIA, COMMONWEALTH OF, BNP PARIBAS
Largest exited: BANK OF AMERICA, N.A. ×2, AUSTRIA REPUBLIC OF, SPAIN, KINGDOM OF, STATE STREET BANK AND TRUST COMPANY, IRELAND REPUBLIC OF, JAPAN GOVERNMENT OF, ITALY REPUBLIC OF
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 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.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | BANK OF AMERICA, N.A. | 1.28% | $223.92M | — |
| — | UNITED KINGDOM,G.B. and N.IRELAND4.50% · due 2028-06-07 | 0.84% | $146.54M | — |
| — | UNITED KINGDOM,G.B. and N.IRELAND4.50% · due 2035-03-07 | 0.76% | $132.45M | — |
| — | JAPAN GOVERNMENT OF0.90% · due 2034-09-20 | 0.71% | $125.17M | — |
| — | FRANCE REPUBLIC OF2.50% · due 2043-05-25 | 0.67% | $117.55M | — |
| — | FRANCE REPUBLIC OF3.50% · due 2035-11-25 | 0.63% | $109.89M | — |
| — | PORTUGAL OBRIGACOES DO TESOURO OT1.95% · due 2029-06-15 | 0.62% | $108.94M | — |
| — | GERMANY FEDERAL REPUBLIC OF2.40% · due 2028-10-19 | 0.61% | $106.44M | — |
| — | FRANCE REPUBLIC OF2.00% · due 2032-11-25 | 0.60% | $106.16M | — |
| — | PORTUGAL OBRIGACOES DO TESOURO OT2.88% · due 2034-10-20 | 0.59% | $103.05M | — |
Top 10 positions are 7.30% of net assets, top 25 14.67%, across 42 issuers.
See more of this fund's book
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