Fidelity SAI U.S. Momentum Index Fund (FUMIX)
| Fund Assets | 4.46B |
| Expense Ratio | 0.11% |
| Min. Investment | $0.00 |
| Turnover | 104.00% |
| Dividend (ttm) | 0.99 |
| Dividend Yield | 5.16% |
| Dividend Growth | -59.06% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 19.09 |
| YTD Return | 14.00% |
| 1-Year Return | 31.54% |
| 5-Year Return | 100.80% |
| 52-Week Low | 14.65 |
| 52-Week High | 19.09 |
| Beta (5Y) | 1.16 |
| Holdings | 180 |
| Inception Date | Feb 9, 2017 |
About FUMIX
Fidelity SAI U.S. Momentum Index Fund is an open-end mutual fund focused on tracking the total return of U.S. stocks exhibiting high price momentum. The fund invests primarily in securities included in the MSCI USA Custom Momentum Composite Index, which targets companies demonstrating sustained upward price trends. With a portfolio comprising 259 holdings, it spans major sectors such as technology, consumer defensive, and financial services, including notable allocations to firms like Walmart, Broadcom, JPMorgan Chase, NVIDIA, and Apple. Categorized under "large growth," the fund emphasizes growth-oriented equities with significant momentum characteristics, making it relevant for investors seeking exposure to this specific market factor. Its competitive expense ratio and no minimum investment requirement enhance accessibility, while a relatively high turnover rate reflects the dynamic nature of momentum investing. Since its inception in 2017, the fund has seen notable performance and has established itself as a significant player in systematic equity strategies within the U.S. mutual fund landscape.
Performance
FUMIX had a total return of 31.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.71%.
Top 10 Holdings
40.17% of assets| Name | Symbol | Weight |
|---|---|---|
| Broadcom Inc. | AVGO | 5.69% |
| Netflix, Inc. | NFLX | 5.37% |
| Visa Inc. | V | 4.62% |
| Berkshire Hathaway Inc. | BRK.B | 4.56% |
| JPMorgan Chase & Co. | JPM | 4.54% |
| Palantir Technologies Inc. | PLTR | 3.64% |
| Walmart Inc. | WMT | 3.54% |
| Philip Morris International Inc. | PM | 3.15% |
| Costco Wholesale Corporation | COST | 2.88% |
| Tesla, Inc. | TSLA | 2.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.516 | Dec 23, 2024 |
| Sep 13, 2024 | $0.469 | Sep 16, 2024 |
| Dec 8, 2023 | $0.471 | Dec 11, 2023 |
| Sep 8, 2023 | $1.935 | Sep 11, 2023 |
| Dec 9, 2022 | $0.201 | Dec 12, 2022 |
| Sep 9, 2022 | $0.091 | Sep 12, 2022 |