Fidelity SAI Canada Equity Index Fund

Fidelity SAI Canada Equity Index Fund is an open-end mutual fund designed to track the performance of the Canadian equity market. The fund seeks to provide investment results that correspond to the total return of Canadian stocks by investing at least 80% of its assets in securities included in the MSCI Canada Index, as well as in depositary receipts representing securities within that index. This strategy ensures broad exposure to the large- and mid-cap segments of the Canadian equity market, spanning key sectors such as financial services, energy, technology, and industrials. Notable holdings typically include major Canadian companies like Royal Bank of Canada, Shopify, and Enbridge. The fund features a low expense ratio and no front load, making it a cost-efficient option for investors seeking diversification in Canadian equities. Its role in the financial market is to offer access to the performance of Canada’s leading publicly traded companies while maintaining diversification and alignment with a recognized benchmark index.