Fund Description

The fund normally invests at least 80% of its assets in common stocks included in the Fidelity U.S. Total Investable Market IndexSM, a float-adjusted market capitalization-weighted index that reflects the performance of the U.S. equity market, encompassing large-, mid-, and small-capitalization stocks. Effective December 11, 2025, the fund's 80% investment policy will include derivative instruments that provide exposure to these investments or associated market risk factors. It employs statistical sampling techniques based on factors such as capitalization, industry exposures, dividend yield, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and earnings growth to replicate the index's returns while also lending securities to generate income.