FZILX aims to invest primarily in non-U.S. large- and mid-cap stocks, tracking the Fidelity Global ex U.S. Index. With a focus on at least 80% of assets in these securities, FZILX utilizes statistical sampling to replicate the index's performance. The fund adapts its policies to include derivatives from December 2025, broadening investment strategies. By incorporating diverse factors like capitalization and industry exposure, FZILX offers a way to gain exposure to international markets, potentially benefiting from global economic growth outside the U.S.