Fidelity Series International Index Fund
Shareclass
Fidelity Series International Index (FHLFX)
Type
Open-end mutual fund
Manager
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 1.5%. Assigned a grade of F.
How we track deforestation-risk investments
How we track deforestation-risk investments
F
18.92%
INVESTED IN DEFORESTATION-RISK COMPANIES
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
82
holdings flagged
18%
of assets flagged
This fund contains
$72.42 MILLION invested
in holdings flagged for deforestation riskFidelity has huge investments in companies like Bunge, Noble Group, Golden-Agri Resources and Resolute Forest Products that grow, trade or use palm oil, cattle and soy in their products but have failed to eliminate deforestation and human rights abuses from their operations. This means Fidelity has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell Fidelity to adopt a No Deforestation Policy!
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Commodity producers
14 holdings
1.58% of assets
$6.28 MILLION invested
Banks and lenders
20 holdings
6.05% of assets
$24.01 MILLION invested
Major consumer brands
54 holdings
11% of assets
$44.45 MILLION invested
Commodity producers
14 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
14 HOLDINGS
- % of portfolio$ invested
- 1. Glencore PLC
0.35%0.35% of portfolio$1.43M$1.43M invested - 2. Mitsubishi Corp0.3%0.3% of portfolio$1.24M$1.24M invested
- 3. ITOCHU Corp
0.27%0.27% of portfolio$1.1M$1.1M invested - 4. Marubeni Corp0.12%0.12% of portfolio$509,682$509,682 invested
- 5. UPM-Kymmene Oyj0.11%0.11% of portfolio$455,869$455,869 invested
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Banks and lenders
20 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
20 HOLDINGS
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Major consumer brands
54 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
54 HOLDINGS
- % of portfolio$ invested
- 1. Nestle SA
1.71%1.71% of portfolio$7.02M$7.02M invested - 2. Lvmh Moet Hennessy Louis Vuitton SE1.24%1.24% of portfolio$5.09M$5.09M invested
- 3. Shell PLC1.2%1.2% of portfolio$4.91M$4.91M invested
- 4. Unilever PLC0.67%0.67% of portfolio$2.74M$2.74M invested
- 5. L'Oreal SA0.66%0.66% of portfolio$2.73M$2.73M invested
View next 5
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DATA AS OF 31 Dec 2023
Sustainability report card
As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.
Fidelity Series International Index Fund FHLFX
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Find more financial data on FHLFX at Morningstar.com
Find more financial data on FHLFX at Morningstar.comTake Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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