Fidelity International Index Fund belongs to the most attractive investment asset category that involves no frequent actions, only making profits by only paying some management fees. These funds are ideal for investors seeking safer investments for a longer term as these assets allow broader diversification.
This article will ultimately review the Fidelity International Index Fund, including historical info, performance data, risk factors, volatility measurement, return info, etc. So you can learn about the potentiality of the fund, and we will predict the fund’s future for 2022. However, it is mandatory to check reviews of any funds before making investment decisions.
What is the Fidelity International Index Fund?
It seeks to track the performance and provide investment results corresponding to the total return of foreign stock markets. This fund typically invests *0% of its total assets in common stocks is contained in the Far East Index, Morgan Stanley Capital International Australia, Europe, which represents foreign stock market performance. The fund stands for the quote FSPSX and belongs to the Fidelity fund family. The portfolio style is international, and the fund status is open.
Morning Star lists this fund as the Foreign Large Blend category. This fund invests in stocks of companies in various sectors, including technology, healthcare, real estate, utilities, financial services, basic materials, energy, etc.
Meanwhile, the top ten holdings of this fund include Nestle SA, MSCI EAFE index future, AstraZeneca PLC, Toyota Motors Corp, Novartis AG, etc.
History of the fund
The inception date of FSPSX is 08 Sep 2011. Since 14 Jan 2009, Louis Kapoor Bottari has been the lead manager of this fund. Before joining here, Mr. Bottari has previous work experience with Genode since May 2008 as an assistant portfolio manager, portfolio manager, and senior portfolio manager. So this fund has been operating successfully for over a decade that belongs to the Fidelity investments fund family. The net asset of FSPSX is 41.18B.
The price of this fund is floating near $45.45 today, and the top ten holdings of this fund have 15% of total assets.
Ranking info
Ranking info illustrates a meaningful comparison between many similar types of assets. Many organizations do this by cross-checking many assets of the same category from several angles. So it becomes easier to learn the potentiality, risk factors, performance, etc., about the fund by checking on ranking info.
Morningstar groups this fund among the foreign large blend category and gives an overall four-star rating comparing 704 funds of the same type. This organization provides the top 10% with five-star ratings, the next 22.5% receive a four-star rating, and the next 35% get three-star ratings. FSPSX receives three-star ratings for three years and five-year performances in this fund.
Trailing total return
Savvy financial investors always check on return info to determine the potentiality of the investment asset. Investors usually choose assets when the return info matches their expectations. So you can say the return figure works as a motivation for investors.
Check the chart above that contains return info of FSPSX and comparison to various categories. The YTD return of this fund is -6.72%, and the 1Y return is -1.83%. Meanwhile, the 3Y, 5Y, and 10Y return amounts are 6.91%, 6.76%, and 6.64%. We are attaching a calendar year return chart for the past ten years for a better understanding.
Performance measurement
It is worth checking the performance measurement info while making investment decisions in an index fund. Although past performance doesn’t guarantee any future profits, it is essential to understand the potential. Let’s check the performance overview chart of FSPSX at a glance.
It shows a YTD return of 6.57% and a five years average return of 3.15%. This fund showed six years of uptrends and three years of downtrends in the recent nine years.
Check the trailing returns (%) vs. the benchmark chart above to understand better. We are attaching a hypothetical growth chart of a 10K investment in FSPSX below.
It shows a smooth growth over the period. The recent drawdown is remarkable due to the corona pandemic in 2020.
Fees and costs
Fees and costs are other significant factors that investors consider when making investment decisions. This fund involves a tiny expense ratio of 0.035% for each $1000, and there are no additional fees.
| Expense Ratio (Gross)
4/29/2021 |
0.35%
($0.035 per $1000) |
| Expense Ratio (Net)
4/29/2021 |
0.035%
($0.35 per $1000) |
| Distribution and\or service fee (12b-1) fees | 0.00% |
| Additional disclosures |
There is no minimum investment for this fund, so you can invest any amount you want for any duration that suits your expectations.
Risk factors
The fund tracks the performance of many company stocks that operate worldwide. The share prices of these companies respond to several socioeconomic, microeconomic, and macroeconomic factors such as interest rates, government policies, sanctions, pandemics, inflation/deflation, etc.
So the fund involves some risks, although index funds are comparatively less risky investments than many other financial assets, including commodities, forex, stocks, ETFs, etc. Check the risk measurement info chart below for a better understanding.
| Risk measures | |
| Alpha | -0.67 |
| Beta | 0.89 |
| Standart deviasion | 4.90 |
| R. squared | 0.83 |
| Min. investment | |
| Standart | $0 |
| IRA | $0 |
Volatility measurement
Volatility measurement info reflects the uncertainty of price movements for certain assets. The beta value is 0.99, and the standard deviation is 17.22.
| Beta | R2 | Sharpe Ratio | Standart deviation |
| 0.99 | 0.99 | 0.40 | 17.22 |
Fidelity International Index Fund forecast 2022
The fund has been doing well since its inception. During the recent Corona pandemic, FSPSX fell to near $29.14 from a peak near $43 and recovered the same year and continues to rise. We examine the fund from several angles during our research and reckon this fund is a potential investment for 2022 without any uncertainty.
Our research suggests this fund will continue to grow in the recent future as the world is recovering from the pandemic.
Final thought
Finally, you know all the essential info that every investor should check out at least once when seeking to invest in the Fidelity International Index Fund. It involves minimal management fees and generates attractive returns over a particular period. Although past performance doesn’t guarantee any future profits, we suggest matching the return info before investing in this fund. Only invest when the return info and risk-bearing suit your expectations.
