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.
Fund Family Fidelity
Category Large-Cap Growth
Performance Rating High
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FUMIX
Index Index is not available on Lipper Database
FUMIX had a total return of 20.89% in the past year, including dividends. Since the fund's
inception, the average annual return has been 16.36%.
