Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX)

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Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) is up 17.0% since the beginning of the year. FGKPX is currently trading at $13 per share. Investors who bought $1,000 worth of FGKPX shares 5 years ago would now be looking at an investment worth $1,425.

Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) has returned 17.00% so far this year and 22.69% over the past 12 months.

Based on dividend-adjusted daily data since Feb 7, 2019, FGKPX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.

Historically, 55% of months were positive and 45% were negative. The best month was Nov 2022 with a return of +9.6%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FGKPX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.7%, while the worst single day was Mar 16, 2020 at -7.6%.

Fidelity SAI Emerging Markets Low Volatility Index Fund has an annualized alpha of 0.98%, beta of 0.44, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since February 07, 2019.

• This fund participated in 63.01% of S&P 500 Index downside but only 48.93% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.44 may look defensive, but with R2 of 0.48 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.48 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

FGKPX has an expense ratio of 0.23%, which is considered low.

FGKPX ranks 63 for risk / return — better than 63% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Fidelity SAI Emerging Markets Low Volatility Index Fund provided a 6.62% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity SAI Emerging Markets Low Volatility Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity SAI Emerging Markets Low Volatility Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity SAI Emerging Markets Low Volatility Index Fund was 32.05%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The current Fidelity SAI Emerging Markets Low Volatility Index Fund drawdown is 0.74%.

The chart below shows the rolling one-month volatility.