Fidelity Small Cap Value Index Fund

Fidelity Salem Street Trust · 1 share class

U.S. equity index fund
One fund, 1 share class:FISVX
$2.18B NAV
1,417 positions · as of 2026-06-30 · filed 2026-08-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Small Cap Value Index Fund is a U.S. equity index fund that tracks the Russell 2000 Value Index. 19% of FISVX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 88% 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 Small Cap Value Index Fund seeks to provide investment results that correspond to the total return of stocks of small-capitalization U.S. companies.

Strategy · summarised

The fund tracks the Russell 2000 Value Index using statistical sampling techniques, holding a representative cross-section of small-cap U.S. stocks selected for lower price-to-book ratios and forecasted growth rates. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.

Expenses
0.05%one share class
Share classExpense ratio
FISVX0.05%

Portfolio turnover 31.00% · as of 2025 Q3

Allocation

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

102.79%
of net assets
Stocks99.72%
Cash & short-term3.05%
Bonds0.02%
Derivatives0.01%

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
Financials27.0%
Industrials12.1%
Health Care10.5%
Consumer Discretionary9.6%
11 smaller40.8%

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
19%of stock holdings in top-quartile growers
covering 88% 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: 291 new293 exited

Largest new: LTH, GEO, CALM, HIW, ITGR, ASH, STEP, VERSIGENT LTD

Largest exited: ECHO, TTMI, CDE, HL, PRAX, AHR, TERNS PHARMACEUTICALS INC, OKLO

Return profile

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

1-year
+46.36%
3-year
+66.00%
5-year
+42.75%
Volatility
13.07%
Worst 3-yr fall
-18.74%
Cumulative return· Jul 2023 – 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

Avg coupon
0.00%
Avg maturity
0.12 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
Fidelity Revere Street Trust3.05%$66.47M
VIASAT INCVSAT0.73%$15.95M
CYTOKINETICS INCCYTK0.64%$14.04M
UMB FINANCIAL CORPUMBF0.62%$13.53M
CARETRUST REIT INCCTRE0.59%$12.85M
TEREX CORPTEX0.53%$11.66M
OLD NATIONAL BANCORP (IND)ONB0.51%$11.21M
JBT MAREL CORPJBTM0.49%$10.76M
LUMEN TECHNOLOGIES INCLUMN0.48%$10.44M
MACERICH COMAC0.46%$10.08M
Showing 10 of 1,417Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 8.11% of net assets, top 25 14.26%, across 1.4K 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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