0000878467-13-000066.txt : 20130214 0000878467-13-000066.hdr.sgml : 20130214 20130214120909 ACCESSION NUMBER: 0000878467-13-000066 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 EFFECTIVENESS DATE: 20130214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY COMMONWEALTH TRUST CENTRAL INDEX KEY: 0000205323 IRS NUMBER: 000000000 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-52322 FILM NUMBER: 13608768 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY INTERMEDIATE BOND FUND DATE OF NAME CHANGE: 19900412 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY THRIFT TRUST DATE OF NAME CHANGE: 19880308 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY INVESTORS TRUST DATE OF NAME CHANGE: 19790117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY COMMONWEALTH TRUST CENTRAL INDEX KEY: 0000205323 IRS NUMBER: 000000000 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-02546 FILM NUMBER: 13608769 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY INTERMEDIATE BOND FUND DATE OF NAME CHANGE: 19900412 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY THRIFT TRUST DATE OF NAME CHANGE: 19880308 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY INVESTORS TRUST DATE OF NAME CHANGE: 19790117 0000205323 S000006010 Fidelity NASDAQ Composite Index Fund C000016526 Fidelity NASDAQ Composite Index Fund FNCMX 0000205323 S000006011 Fidelity NASDAQ Composite Index Tracking Stock C000016527 Fidelity NASDAQ Composite Index Tracking Stock ONEQ 0000205323 S000016687 Fidelity Series 100 Index Fund C000046625 Fidelity Series 100 Index Fund FOHIX 485BPOS 1 main.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

 

REGISTRATION STATEMENT (No. 002-52322)

 

UNDER THE SECURITIES ACT OF 1933

[X]

 

Pre-Effective Amendment No. ____

[ ]

 

Post-Effective Amendment No. 120

[X]

and

REGISTRATION STATEMENT (No. 811-02546)

 

UNDER THE INVESTMENT COMPANY ACT OF 1940

[X]

 

Amendment No. 120

[X]

 

Fidelity Commonwealth Trust

(Exact Name of Registrant as Specified in Charter)

 

82 Devonshire St., Boston, Massachusetts 02109

(Address Of Principal Executive Offices) (Zip Code)

 

Registrant's Telephone Number: 617-563-7000

 

Scott C. Goebel, Secretary

82 Devonshire Street

Boston, Massachusetts 02109

(Name and Address of Agent for Service)

 

It is proposed that this filing will become effective

 

(X)

immediately upon filing pursuant to paragraph (b).

 

( )

on ( ) pursuant to paragraph (b) at 5:30 p.m. Eastern Time.

 

( )

60 days after filing pursuant to paragraph (a)(1) at 5:30 p.m. Eastern Time.

 

( )

on ( ) pursuant to paragraph (a)(1) of Rule 485 at 5:30 p.m. Eastern Time.

 

( )

75 days after filing pursuant to paragraph (a)(2) at 5:30 p.m. Eastern Time.

 

( )

on ( ) pursuant to paragraph (a)(2) of Rule 485 at 5:30 p.m. Eastern Time.

 

If appropriate, check the following box:

 

( )

this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXHIBIT INDEX

Exhibit
Exhibit No.

XBRL Instance Document

EX-101.INS

XBRL Taxonomy Extension Schema Document

EX-101.SCH

XBRL Taxonomy Extension Calculation Linkbase Document

EX-101.CAL

XBRL Taxonomy Extension Definition Linkbase Document

EX-101.DEF

XBRL Taxonomy Extension Labels Linkbase Document

EX-101.LAB

XBRL Taxonomy Extension Presentation Linkbase Document

EX-101.PRE

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 120 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston, and Commonwealth of Massachusetts, on the 14th day of February 2013.

 

Fidelity Commonwealth Trust

 

By

/s/Kenneth B. Robins

 

||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

 

Kenneth B. Robins, President

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

(Signature)

 

(Title)

(Date)

 

 

 

 

/s/Kenneth B. Robins

 

President and Treasurer

February 14, 2013

Kenneth B. Robins

 

(Principal Executive Officer)

 

 

 

 

 

/s/Christine Reynolds

 

Chief Financial Officer

February 14, 2013

Christine Reynolds

 

(Principal Financial Officer)

 

 

 

 

 

/s/James C. Curvey

*

Trustee

February 14, 2013

James C. Curvey

 

 

 

 

 

 

 

/s/Dennis J. Dirks

*

Trustee

February 14, 2013

Dennis J. Dirks

 

 

 

 

 

 

 

/s/Alan J. Lacy

*

Trustee

February 14, 2013

Alan J. Lacy

 

 

 

 

 

 

 

/s/Ned C. Lautenbach

*

Trustee

February 14, 2013

Ned C. Lautenbach

 

 

 

 

 

 

 

/s/Joseph Mauriello

*

Trustee

February 14, 2013

Joseph Mauriello

 

 

 

 

 

 

 

/s/Ronald P. O'Hanley

*

Trustee

February 14, 2013

Ronald P. O'Hanley

 

 

 

 

 

 

 

/s/Robert W. Selander

*

Trustee

February 14, 2013

Robert W. Selander

 

 

 

 

 

 

 

/s/Cornelia M. Small

*

Trustee

February 14, 2013

Cornelia M. Small

 

 

 

 

 

 

 

/s/William S. Stavropoulos

*

Trustee

February 14, 2013

William S. Stavropoulos

 

 

 

 

 

 

 

/s/David M. Thomas

*

Trustee

February 14, 2013

David M. Thomas

 

 

 

 

 

 

 

/s/Michael E. Wiley

*

Trustee

February 14, 2013

Michael E. Wiley

 

 

 

*

By:

/s/Joseph R. Fleming

 

 

Joseph R. Fleming, pursuant to a power of attorney dated December 1, 2011 and filed herewith.

POWER OF ATTORNEY

We, the undersigned Directors or Trustees, as the case may be, of the following investment companies:

Fidelity Advisor Series I

Fidelity Advisor Series VII

Fidelity Advisor Series VIII

Fidelity Beacon Street Trust

Fidelity Capital Trust

Fidelity Central Investment Portfolios LLC

Fidelity Commonwealth Trust

Fidelity Concord Street Trust

Fidelity Congress Street Fund

Fidelity Contrafund

Fidelity Covington Trust

Fidelity Destiny Portfolios

Fidelity Devonshire Trust

Fidelity Exchange Fund

Fidelity Financial Trust

Fidelity Hanover Street Trust

Fidelity Hastings Street Trust

Fidelity Investment Trust

Fidelity Magellan Fund

Fidelity Mt. Vernon Street Trust

Fidelity Puritan Trust

Fidelity Securities Fund

Fidelity Select Portfolios

Fidelity Summer Street Trust

Fidelity Trend Fund

Variable Insurance Products Fund

Variable Insurance Products Fund II

Variable Insurance Products Fund III

Variable Insurance Products Fund IV

in addition to any other investment company for which Fidelity Management & Research Company ("FMR") or an affiliate acts as investment adviser and for which the undersigned individuals serve as Directors or Trustees (collectively, the "Funds"), hereby revoke all previous powers of attorney we have given to sign and otherwise act in our names and behalf in matters involving any investment company for which FMR or an affiliate acts as investment adviser and hereby constitute and appoint Thomas C. Bogle, Joseph R. Fleming, John V. O'Hanlon, Robert W. Helm and Anthony H. Zacharski, each of them singly, our true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for us and in our names in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, or any successors thereto, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statements or any successors thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in our names and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. We hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after December 1, 2011.

WITNESS our hands on this first day of December 1, 2011.

/s/James C. Curvey

/s/Robert W. Selander

James C. Curvey

 

 

Robert W. Selander

/s/Ronald P. O'Hanley

/s/Cornelia M. Small

Ronald P. O'Hanley

 

 

Cornelia M. Small

 

 

/s/Dennis J. Dirks

/s/William S. Stavropoulos

Dennis J. Dirks

 

 

William S. Stavropoulos

/s/Alan J. Lacy

/s/David M. Thomas

Alan J. Lacy

 

 

David M. Thomas

/s/Ned C. Lautenbach

/s/Michael E. Wiley

Ned C. Lautenbach

Michael E. Wiley

/s/Joseph Mauriello

 

Joseph Mauriello

 

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This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. 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 of each time period indicated:</font> <font style="FONT-FAMILY: Times New Roman" size="3"> The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 10% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in common stocks included in the S&amp;P 100<sup>&#174;</sup> Index.</font></li></ul> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility. </i>Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes. </i>The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Correlation to Index. </i>The performance of the fund and its index may vary somewhat due to factors such as transaction costs, sample selection, and timing differences associated with additions to and deletions from its index.</font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font> 0.1 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityNASDAQCompositeIndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityNASDAQCompositeIndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityNASDAQCompositeIndexFund column period compact * ~</div> <font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund:</b><br/><b>Fidelity</b><sup>&reg;</sup> <b>Nasdaq Composite Index</b><sup>&reg;</sup> <b>Fund</b></font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index<sup>&#174;</sup> (Index).</font> <font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font> -0.0075 <font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual fund operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font> 0.0024 0.0006 0.0028 0.0006 0.0022 0.0058 -0.0023 0.0035 <font style="FONT-FAMILY: Times New Roman" size="2"><i>January 31, 2014</i></font> <font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. 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 of each time period indicated: </font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 10% of the average value of its portfolio.</font> 0.1 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font> <font style="FONT-FAMILY: Times New Roman" size="3"> The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. </font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3">Visit www.fidelity.com for updated return information.</font> <font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font> <font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time.</font> <font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance. </font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font> <table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">14.70%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2009</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">-20.15%</font></i> </div></td><td><div align="left"><i><font size="-1">December 31, 2008</font></i></div></td></tr></table> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Using statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the Index that have a similar investment profile to the entire Index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in common stocks included in the Index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Lending securities to earn income for the fund.</font></li></ul> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font> 36 <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font> <font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font> 159 <font style="FONT-FAMILY: Times New Roman" size="3">Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.</font> 297 700 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets and, as a result, stock market indexes, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market and different types of securities can react differently to these developments. See the statement of additional information (SAI) for a description of market sectors making up the Index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. The value of securities of smaller issuers can be more volatile than that of larger issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Correlation to Index.</i> The performance of the fund and the Index may vary somewhat due to factors such as transaction costs, sample selection, and timing differences associated with additions to and deletions from the Index.</font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> 0.1577 0.1442 0.1205 0.1605 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> 0.0111 0.0059 0.0088 0.0128 <font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. <br/><br/>Visit www.fidelity.com for updated return information.</font> 0.0217 0.0169 0.018 0.0232 <font style="FONT-FAMILY: Times New Roman" size="3"> The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time.</font> <font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font> <font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Series 100 Index Fund</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Series 100 Index Fund</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Series 100 Index Fund</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font> <font style="FONT-FAMILY: Times New Roman" >S&amp;P 100<sup>&reg;</sup> Index</font> 0.086 0.019 0.1003 0.105 -0.4004 0.4496 0.1781 -0.0096 0.1733 2007-03-29 2007-03-29 2007-03-29 2007-03-29 <table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">20.14%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2009</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">-24.36%</font></i> </div></td><td><div align="left"><i><font size="-1">December 31, 2008</font></i></div></td></tr></table> <font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font> 2009-06-30 0.2014 <font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font> 2008-12-31 -0.2436 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font> <font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font> 0.00 0.002 0 0 0.002 20 64 113 255 0.1733 0.1712 0.1153 0.1745 -0.3544 0.2214 0.0354 0.0341 0.0301 0.0368 0.1239 0.0298 0.0631 0.0613 0.0549 0.0654 0.1577 <font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font> 0.147 2003-09-25 2003-09-25 2009-06-30 2003-09-25 2003-09-25 <font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Nasdaq Composite Index Fund </b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Nasdaq Composite Index Fund </b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Nasdaq Composite Index Fund </b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font> <font style="FONT-FAMILY: Times New Roman" >Nasdaq Composite Index<sup>&#174;</sup></font> -0.2015 2008-12-31 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeries100IndexFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelitySeries100IndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityNASDAQCompositeIndexTrackingStock column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityNASDAQCompositeIndexTrackingStock column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityNASDAQCompositeIndexTrackingStock column period compact * ~</div> <font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund:</b><br/><b>Fidelity</b><sup>&reg;</sup> <b>Nasdaq Composite Index</b><sup>&reg;</sup> <b>Tracking Stock</b></font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font> <font style="FONT-FAMILY: Times New Roman" size="3"> Fidelity Nasdaq Composite Index Tracking Stock is an exchange-traded fund. </font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"> The fund seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index<sup>&#174;</sup> (Index).</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font> <font style="FONT-FAMILY: Times New Roman" size="3"> The following table describes the fees and expenses that are incurred when you buy and hold shares of the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font> <font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual fund operating expenses</b> </font><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font> <font style="FONT-FAMILY: Times New Roman" size="3"> The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 10% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Times New Roman" size="3"> This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other funds.<br /><br />Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. 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 of each time period indicated:</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Using statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the Index that have a similar investment profile to the entire Index. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing at least 80% of assets in common stocks included in the Index. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Lending securities to earn income for the fund. </font></li></ul> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility. </i>Stock markets and, as a result, stock market indexes, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market and different types of securities can react differently to these developments. See the statement of additional information (SAI) for a description of market sectors making up the Index. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes. </i>The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. The value of securities of smaller issuers can be more volatile than that of larger issuers. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Fluctuation of Net Asset Value and Share Price. </i>The net asset value per share (NAV) of the fund will generally fluctuate with changes in the market value of the fund's holdings. The fund's shares are listed on Nasdaq<sup>&#174;</sup> and trade at market prices. Although it is expected that the market price of the fund's shares will approximate the fund's NAV, there is no guarantee that will be the case. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Correlation to Index. </i>The performance of the fund and the Index may vary somewhat due to factors such as transaction costs, sample selection, and timing differences associated with additions to and deletions from the Index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Trading Issues. </i>There can be no assurance that an active trading market will be maintained. Trading may be halted, for example, due to market conditions. </font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br /><br />Visit www.fidelity.com for updated return information.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font> <table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">20.22%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2009</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">-24.28%</font></i> </div></td><td><div align="left"><i><font size="-1">December 31, 2008</font></i></div></td></tr></table> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font> 0.1 <font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> <font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font> <font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time.</font> <font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font> <font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font> 0.00 0.0024 0.0009 0.002 0.0006 0.0014 0.0053 -0.0022 0.0031 32 146 272 642 0.0852 0.0192 0.1018 0.1008 -0.3985 0.4488 0.178 -0.0096 0.1723 <font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font> 2009-06-30 0.2022 <font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font> 2008-12-31 -0.2428 <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Nasdaq Composite Index Tracking Stock</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Nasdaq Composite Index Tracking Stock</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Nasdaq Composite Index Tracking Stock</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font> <font style="FONT-FAMILY: Times New Roman" >Nasdaq Composite Index<sup>&reg;</sup></font> 0.1723 0.1699 0.1153 0.1745 0.0357 0.0344 0.0304 0.0368 0.063 0.0617 0.0551 0.0654 2003-09-25 2003-09-25 2003-09-25 2003-09-25 <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityNASDAQCompositeIndexTrackingStock column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityNASDAQCompositeIndexTrackingStockBarChart column period compact * ~</div> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.</i></font> <font style="FONT-FAMILY: Times New Roman" size="2"><i>January 31, 2014<i></font> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityNASDAQCompositeIndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityNASDAQCompositeIndexFundBarChart column period compact * ~</div> Fidelity Management & Research Company (FMR) has contractually agreed to waive the fund's expenses to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of its average net assets, exceed 0.35%. This arrangement will remain in effect through January 31, 2014. FMR may not terminate this arrangement before the expiration date without the approval of the Board of Trustees. From September 25, 2003. From March 29, 2007. Fidelity Management & Research Company (FMR) has contractually agreed to waive the fund's expenses to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of its average net assets, exceed 0.30%. This arrangement will remain in effect through January 31, 2014. Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses. 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