Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, orĮconomic developments.

Lending securities to earn income for the fund.

Index℠ using a smaller number of securities. (P/E) ratio, price/book (P/B) ratio, and earnings growth to attempt to replicate the returns of the Fidelity U.S.

Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings.

companiesīased on float-adjusted market capitalization. Large capitalization stocks are considered to be stocks of the largest 500 U.S.

Large Cap Index℠, which is a float-adjusted market capitalization-weighted index designed to reflect the performance

Normally investing at least 80% of assets in common stocks of large capitalization companies included in the Fidelity U.S.

During the most recent fiscal year, the fund's portfolio turnover rate was 5% of the average value of its portfolio. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are The fund pays transaction costs, such as commissions, when it buys and sells securities (or 'turns over' its portfolio). For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses Operating expenses for shares of the fund are exactly as described in the fee table. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual This example helps compare the cost of investing in the fund with the cost of investing in other funds. (expenses that you pay each year as a % of the value of your investment) Management fee Shareholder fees (fees paid directly from your investment) The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.

The fund seeks to provide investment results that correspond to the total return of stocks of large capitalization U.S. Online at You can also get this information at no cost by calling 1-800-FIDELITY or by sendingĪn e-mail request to The fund's prospectus and SAI dated Decemare incorporated herein by reference. You can find the fund's prospectus, reports to shareholders, and other information about the fund (including the fund's SAI) Fidelity ZERO® Large Cap Index Fund/FNILXīefore you invest, you may want to review the fund's prospectus, which contains more information about the fund and its risks.

Fidelity zero large cap index