0000878467-13-000064.txt : 20130214 0000878467-13-000064.hdr.sgml : 20130214 20130214120259 ACCESSION NUMBER: 0000878467-13-000064 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 SALEM STREET TRUST CENTRAL INDEX KEY: 0000035315 IRS NUMBER: 000000000 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-41839 FILM NUMBER: 13608676 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 FIXED INCOME TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FLEXIBLE BOND FUND DATE OF NAME CHANGE: 19860904 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY CORPORATE BOND FUND INC DATE OF NAME CHANGE: 19851225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SALEM STREET TRUST CENTRAL INDEX KEY: 0000035315 IRS NUMBER: 000000000 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-02105 FILM NUMBER: 13608677 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 FIXED INCOME TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FLEXIBLE BOND FUND DATE OF NAME CHANGE: 19860904 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY CORPORATE BOND FUND INC DATE OF NAME CHANGE: 19851225 0000035315 S000017681 Fidelity Strategic Dividend & Income Fund C000048851 Fidelity Strategic Dividend & Income Fund FSDIX C000048852 Fidelity Advisor Strategic Dividend & Income Fund: Class A FASDX C000048853 Fidelity Advisor Strategic Dividend & Income Fund: Class B FBSDX C000048854 Fidelity Advisor Strategic Dividend & Income Fund: Class C FCSDX C000048855 Fidelity Advisor Strategic Dividend & Income Fund: Class T FTSDX C000048856 Fidelity Advisor Strategic Dividend & Income Fund: Institutional Class FSIDX 485BPOS 1 main.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

 

REGISTRATION STATEMENT (No. 002-41839)

 

UNDER THE SECURITIES ACT OF 1933

[X]

 

Pre-Effective Amendment No. ____

[ ]

 

Post-Effective Amendment No. 215

[X]

and

REGISTRATION STATEMENT (No. 811-02105)

 

UNDER THE INVESTMENT COMPANY ACT OF 1940

[X]

 

Amendment No. 215

[X]

 

Fidelity Salem Street 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. 215 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 Salem Street Trust

 

By

/s/Stephanie J. Dorsey

 

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

 

Stephanie J. Dorsey, 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/Stephanie J. Dorsey

 

President and Treasurer

February 14, 2013

Stephanie J. Dorsey

 

(Principal Executive Officer)

 

 

 

 

 

/s/Christine Reynolds

 

Chief Financial Officer

February 14, 2013

Christine Reynolds

 

(Principal Financial Officer)

 

 

 

 

 

/s/Abigail P. Johnson

 

Trustee

February 14, 2013

Abigail P. Johnson

 

 

 

 

 

 

 

/s/Elizabeth S. Acton

*

Trustee

February 14, 2013

Elizabeth S. Acton

 

 

 

 

 

 

 

/s/James C. Curvey

*

Trustee

February 14, 2013

James C. Curvey

 

 

 

 

 

 

 

/s/Albert R. Gamper, Jr.

*

Trustee

February 14, 2013

Albert R. Gamper, Jr.

 

 

 

 

 

 

 

/s/Robert F. Gartland

*

Trustee

February 14, 2013

Robert F. Gartland

 

 

 

 

 

 

 

/s/Arthur E. Johnson

*

Trustee

February 14, 2013

Arthur E. Johnson

 

 

 

 

 

 

 

/s/Michael E. Kenneally

*

Trustee

February 14, 2013

Michael E. Kenneally

 

 

 

 

 

 

 

/s/James H. Keyes

*

Trustee

February 14, 2013

James H. Keyes

 

 

 

 

 

 

 

/s/Marie L. Knowles

*

Trustee

February 14, 2013

Marie L. Knowles

 

 

 

 

 

 

 

/s/Kenneth L. Wolfe

*

Trustee

February 14, 2013

Kenneth L. Wolfe

 

 

 

 

 

 

 

*

By:

/s/Joseph R. Fleming

 

 

Joseph R. Fleming, pursuant to powers of attorney dated February 1, 2013 and filed herewith.

POWER OF ATTORNEY

I, the undersigned Director or Trustee of the following investment companies:

 

Fidelity Aberdeen Street Trust

Fidelity Advisor Series IV

Fidelity Boylston Street Trust

Fidelity California Municipal Trust

Fidelity California Municipal Trust II

Fidelity Central Investment Portfolios II LLC

Fidelity Charles Street Trust

Fidelity Garrison Street Trust

Fidelity Hereford Street Trust

Fidelity Income Fund

Fidelity Massachusetts Municipal Trust

Fidelity Merrimack Street Trust

Fidelity Municipal Trust

 

Fidelity Municipal Trust II

Fidelity Newbury Street Trust

Fidelity New York Municipal Trust

Fidelity New York Municipal Trust II

Fidelity Oxford Street Trust

Fidelity Phillips Street Trust

Fidelity Revere Street Trust

Fidelity Salem Street Trust

Fidelity School Street Trust

Fidelity Union Street Trust

Fidelity Union Street Trust II

Variable Insurance Products Fund V

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 serves as Director or Trustee (collectively, the "Funds"), 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, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name 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 my name 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. I 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 February 1, 2013.

WITNESS my hand on this first day of February 1, 2013.

/s/Elizabeth S. Acton

 

Elizabeth S. Acton

 

 

 

POWER OF ATTORNEY


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

 

Fidelity Aberdeen Street Trust

Fidelity Advisor Series II

Fidelity Advisor Series IV

Fidelity Boylston Street Trust

Fidelity California Municipal Trust

Fidelity California Municipal Trust II

Fidelity Central Investment Portfolios II LLC

Fidelity Charles Street Trust

Fidelity Colchester Street Trust

Fidelity Court Street Trust

Fidelity Court Street Trust II

Fidelity Garrison Street Trust

Fidelity Hereford Street Trust

Fidelity Income Fund

Fidelity Massachusetts Municipal Trust

 

Fidelity Merrimack Street Trust

Fidelity Money Market Trust

Fidelity Municipal Trust

Fidelity Municipal Trust II

Fidelity Newbury Street Trust

Fidelity New York Municipal Trust

Fidelity New York Municipal Trust II

Fidelity Oxford Street Trust

Fidelity Phillips Street Trust

Fidelity Revere Street Trust

Fidelity Salem Street Trust

Fidelity School Street Trust

Fidelity Union Street Trust

Fidelity Union Street Trust II

Variable Insurance Products Fund V

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 February 1, 2013.

WITNESS our hands on this first day of February 1, 2013.

/s/James C. Curvey

/s/Michael E. Kenneally

James C. Curvey

Michael E. Kenneally

 

 

/s/Albert R. Gamper, Jr.

 

 

/s/James H. Keyes

Albert R. Gamper, Jr.

 

 

James H. Keyes

/s/Robert F. Gartland

/s/Marie L. Knowles

Robert F. Gartland

 

 

Marie L. Knowles

/s/Arthur E. Johnson

/s/Kenneth L. Wolfe

Arthur E. Johnson

 

 

Kenneth L. Wolfe

EX-101.INS 3 fsst11-20130128.xml 0000035315 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:RetailMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:RetailMember fsst11:C000048851Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:InstMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:RetailMember fsst11:ReturnBeforeTaxesMember fsst11:C000048851Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:RetailMember rr:AfterTaxesOnDistributionsMember fsst11:C000048851Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:RetailMember rr:AfterTaxesOnDistributionsAndSalesMember fsst11:C000048851Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:RetailMember fsst11:SAndPMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:RetailMember fsst11:FidelityStrategicDividendAndIncomeCompositeIndexMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:InstMember fsst11:C000048856Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:InstMember fsst11:ReturnBeforeTaxesMember fsst11:C000048856Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:InstMember rr:AfterTaxesOnDistributionsMember fsst11:C000048856Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:InstMember rr:AfterTaxesOnDistributionsAndSalesMember fsst11:C000048856Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:InstMember fsst11:SAndPMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:InstMember fsst11:FidelityStrategicDividendAndIncomeCompositeIndexMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:C000048852Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:C000048855Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:C000048853Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:C000048854Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember rr:AfterTaxesOnDistributionsMember fsst11:C000048852Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember rr:AfterTaxesOnDistributionsAndSalesMember fsst11:C000048852Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:ReturnBeforeTaxesMember fsst11:C000048855Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:ReturnBeforeTaxesMember fsst11:C000048853Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:ReturnBeforeTaxesMember fsst11:C000048854Member 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:SAndPMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:FidelityStrategicDividendAndIncomeCompositeIndexMember 2012-01-30 2013-01-29 0000035315 fsst11:S000017681Member fsst11:AtbcMember fsst11:ReturnBeforeTaxesMember fsst11:C000048852Member 2012-01-30 2013-01-29 pure iso4217:USD 485BPOS 2012-11-30 FIDELITY SALEM STREET TRUST false 2013-01-28 2013-01-29 2013-01-29 <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>/Class:<br/><b>Fidelity</b><sup>&#174;</sup> <b>Strategic Dividend & Income</b><sup>&#174;</sup> <b>Fund</b>/Fidelity Strategic Dividend & Income Fund</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks reasonable income. The fund will also consider the potential for capital appreciation. </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 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 <font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual class 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> 0.0056 0 0.0025 0.0081 <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> 83 259 450 1002 <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 50% of the average value of its portfolio.</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">Fund/<b>Class:</b><br/>Fidelity<sup>&#174;</sup> Strategic Dividend & Income<sup>&#174;</sup> Fund/<b>Fidelity Advisor</b><sup>&#174;</sup> <b>Strategic Dividend & Income Fund Institutional</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">The fund seeks reasonable income. The fund will also consider the potential for capital appreciation.</font> 0.5 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font> <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 table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.</font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in equity securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Allocating the fund's assets among four general investment categories: common stocks, real estate investment trusts (REITs) and other real estate related investments, convertible securities, and preferred stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using a neutral mix of approximately 50% common stocks, 15% REITs and other real estate related investments, 15% convertible securities, and 20% preferred stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing the fund's assets with a focus on equity securities that pay current dividends and show potential for capital appreciation, which tends to lead to investments in "value" stocks in the common stock category.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</font></li></ul> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></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> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock 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>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Real Estate Industry Exposure.</i> Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.</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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>"Value" Investing. </i>"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</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"><b>Annual class 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> <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">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="3">You could lose money by investing in the fund.</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 50% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing at least 80% of assets in equity securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Allocating the fund's assets among four general investment categories: common stocks, real estate investment trusts (REITs) and other real estate related investments, convertible securities, and preferred stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using a neutral mix of approximately 50% common stocks, 15% REITs and other real estate related investments, 15% convertible securities, and 20% preferred stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing the fund's assets with a focus on equity securities that pay current dividends and show potential for capital appreciation, which tends to lead to investments in "value" stocks in the common stock category.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</font></li></ul> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</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 and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes 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> <ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock 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>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Real Estate Industry Exposure.</i> Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.</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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>"Value" Investing. </i> "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</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">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 and a hypothetical composite of market indexes over various periods of time.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></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" 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> <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">22.80%</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">-24.59%</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="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" 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> <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">22.76%</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">-24.56%</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 0.2276 <font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font> 2008-12-31 -0.2456 0.5 <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">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">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 and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.advisor.fidelity.com for updated return information.</font> 0.1472 0.0979 <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 and a hypothetical composite of market indexes 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> 0.1396 <font style="FONT-FAMILY: Times New Roman" size="3">www.advisor.fidelity.com</font> 0.0314 -0.4117 0.3773 0.1366 0.073 0.1475 <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">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> <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> 0.1475 0.143 0.1016 0.16 0.0254 0.0195 0.0195 0.0166 0.0179 0.0602 0.0533 0.0504 0.0491 0.0509 0 0.0056 0 0.0025 0.0081 83 259 450 1002 <font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font> 2009-06-30 0.228 <font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font> 2008-12-31 -0.2459 0.1468 0.0988 0.1386 0.0308 -0.4116 0.378 0.1371 0.0722 0.148 <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">Fund/<b>Class:</b><br/>Fidelity<sup>&reg;</sup> Strategic Dividend & Income<sup>&reg;</sup> Fund/<b>Fidelity Advisor</b><sup>&reg;</sup> <b>Strategic Dividend & Income Fund A, T, B, C</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">The fund seeks reasonable income. The fund will also consider the potential for capital appreciation.</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 may be incurred when you buy, hold, or sell shares of the fund.<br/><br/>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page (Click Here) of the prospectus.</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 class 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> 0.148 0.1435 0.1019 0.16 0.1306 0.0256 0.0197 0.0196 0.0166 0.0179 0.0602 0.0532 0.0504 0.0509 0.0491 <font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</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 and Sale of Fund Shares</b></font> <font style="FONT-FAMILY: Times New Roman" >S&amp;P 500<sup>&reg;</sup> Index</font> <font style="FONT-FAMILY: Times New Roman" >Fidelity Strategic Dividend & Income Composite Index</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 and if you hold your shares:</font> <font style="FONT-FAMILY: Times New Roman" size="3">Sell All Shares</font> <font style="FONT-FAMILY: Times New Roman" size="3">Hold Shares</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 50% 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 equity securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Allocating the fund's assets among four general investment categories: common stocks, real estate investment trusts (REITs) and other real estate related investments, convertible securities, and preferred stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using a neutral mix of approximately 50% common stocks, 15% REITs and other real estate related investments, 15% convertible securities, and 20% preferred stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing the fund's assets with a focus on equity securities that pay current dividends and show potential for capital appreciation, which tends to lead to investments in "value" stocks in the common stock category.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</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 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>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Real Estate Industry Exposure.</i> Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.</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. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>"Value" Investing. </i>"Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.</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 and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.advisor.fidelity.com for updated return information.</font> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font> <table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart for Class A:</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">22.60%</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">-24.70%</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="3">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds.</font> 2003-12-23 2003-12-23 2003-12-23 2003-12-23 2003-12-23 50000 0.5 <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">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">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 and a hypothetical composite of market indexes over various periods of time.</font> <font style="FONT-FAMILY: Times New Roman" size="3">www.advisor.fidelity.com</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" ><i>Highest Quarter Return</i></font> 2009-06-30 0.226 <font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font> 2008-12-31 -0.247 <font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. 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. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. 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> <font style="FONT-FAMILY: Times New Roman" size="3">Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges.</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> <font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary.</font> <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> <font style="FONT-FAMILY: Times New Roman" size="3">The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.</i></font> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.</i></font> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Declines over 6 years from 5.00% to 0%.</i></font> <font style="FONT-FAMILY: Times New Roman" size="2"><i>On Class C shares redeemed less than one year after purchase.</i></font> <font style="FONT-FAMILY: Times New Roman" ><b>Class A - Return After Taxes on Distributions</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Class A - Return After Taxes on Distributions and Sale of Fund Shares </b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Class T - Return Before Taxes</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Class B - Return Before Taxes</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Class C - Return Before Taxes</b></font> <font style="FONT-FAMILY: Times New Roman" >S&amp;P 500<sup>&#174;</sup> Index</font> <font style="FONT-FAMILY: Times New Roman" >Fidelity Strategic Dividend & Income Composite Index</font> <font style="FONT-FAMILY: Times New Roman" ><b>Institutional Class</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Institutional Class</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Institutional Class</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 500<sup>&#174;</sup> Index</font> <font style="FONT-FAMILY: Times New Roman">Fidelity Strategic Dividend & Income Composite Index</font> 2003-12-23 2003-12-23 2003-12-23 2003-12-23 2003-12-23 <font style="FONT-FAMILY: Times New Roman" ><b>Class A - Return Before Taxes</b></font> 0.1436 0.0949 0.1353 0.0274 -0.4138 0.3748 0.1337 0.0692 0.1443 0.1306 0.0575 0.035 0 0 0 0 0.05 0.01 0.0056 0.0056 0.0056 0.0056 0.0025 0.005 0.01 0.01 0.0028 0.0029 0.0035 0.0028 0.0109 0.0135 0.0191 0.0184 680 483 694 287 902 763 900 579 1141 1063 1232 995 1827 1917 1919 2159 680 483 194 187 902 763 600 579 1141 1063 1032 995 1827 1917 1919 2159 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityStrategicDividendAndIncomeFundClassInstitutionalClass column period compact * ~</div> 0.0785 0.0747 0.0559 0.1013 0.0844 0.1257 0.16 0.1306 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityStrategicDividendAndIncomeFundClassInstitutionalClass column period compact * ~</div> 0.0105 0.0054 0.0071 0.0127 0.0107 0.0149 0.0166 0.0179 <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityStrategicDividendAndIncomeFundClassInstitutionalClass column period compact * ~</div> 0.0501 0.0438 0.0417 0.0503 0.0505 0.0509 0.0491 0.0491 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityStrategicDividendAndIncomeFundClassInstitutionalClassBarChart column period compact * ~</div> 2003-12-23 2003-12-23 2003-12-23 2003-12-23 2003-12-23 2003-12-23 2003-12-23 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityStrategicDividendAndIncomeFundClassInstitutionalClass column period compact * ~</div> 2003-12-23 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityStrategicDividendAndIncomeFundClassATBC column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityStrategicDividendAndIncomeFundClassATBC column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityStrategicDividendAndIncomeFundClassATBC column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityStrategicDividendAndIncomeFundClassATBC column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleNoRedemptionFidelityStrategicDividendAndIncomeFundClassATBC column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityStrategicDividendAndIncomeFundClassATBCBarChart column period compact * ~</div> 0000035315 <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Strategic Dividend &amp; Income Fund</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Strategic Dividend &amp; Income Fund</b></font> <font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Strategic Dividend &amp; Income Fund</b></font> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityStrategicDividendAndIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityStrategicDividendAndIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityStrategicDividendAndIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityStrategicDividendAndIncomeFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityStrategicDividendAndIncomeFund column period compact * ~</div> From December 23, 2003. Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively. Declines over 6 years from 5.00% to 0%. On Class C shares redeemed less than one year after purchase. 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