0000880195-13-000013.txt : 20130123 0000880195-13-000013.hdr.sgml : 20130123 20130123154425 ACCESSION NUMBER: 0000880195-13-000013 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130123 DATE AS OF CHANGE: 20130123 EFFECTIVENESS DATE: 20130123 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-41839 FILM NUMBER: 13542754 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 S000033635 Spartan Emerging Markets Index Fund C000103360 Fidelity Advantage Class FPMAX C000103361 Fidelity Advantage Institutional Class FPADX C000103362 Institutional Class FPMIX C000103363 Investor Class FPEMX 0000035315 S000033636 Spartan Global ex U.S. Index Fund C000103364 Fidelity Advantage Class FSGDX C000103365 Fidelity Advantage Institutional Class FSGGX C000103366 Institutional Class FSGSX C000103367 Investor Class FSGUX 497 1 main1.htm

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FPCMS
82 Devonshire Street
Boston MA 02109-3614
617 563 7000

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January 23, 2013

U.S. Securities & Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Attention: File Room

Re:

Fidelity Salem Street Trust (the trust):

 

Spartan Global ex U.S. Index Fund
Spartan Emerging Markets Index Fund (the funds)

 

File Nos. 002-41839 and 811-02105

__________________________________________________________________________

Ladies and Gentlemen:

Transmitted herewith for filing pursuant to Rule 497(e) under the Securities Act of 1933, as amended, are exhibits containing interactive data format risk/return summary information for the fund's Prospectus. The purpose of this filing is to submit the 497 filing in XBRL for the fund's.

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Very truly yours,

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/s/Brenda Haskell

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Brenda Haskell

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Legal Product Group

EX-101.PRE 2 fsst7-20130104_pre.xml EX-101.INS 3 fsst7-20130104.xml 0000035315 2012-01-05 2013-01-04 0000035315 fsst7:S000033636Member fsst7:InstAdvInstMember fsst7:C000103366Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033636Member fsst7:InstAdvInstMember fsst7:C000103365Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033636Member fsst7:AdvInvMember 2012-01-05 2013-01-04 0000035315 fsst7:S000033636Member fsst7:InstAdvInstMember 2012-01-05 2013-01-04 0000035315 fsst7:S000033635Member fsst7:AdvInvMember fsst7:C000103363Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033635Member fsst7:AdvInvMember fsst7:C000103360Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033636Member fsst7:AdvInvMember fsst7:C000103367Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033636Member fsst7:AdvInvMember fsst7:C000103364Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033635Member fsst7:InstAdvInstMember 2012-01-05 2013-01-04 0000035315 fsst7:S000033635Member fsst7:InstAdvInstMember fsst7:C000103362Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033635Member fsst7:InstAdvInstMember fsst7:C000103361Member 2012-01-05 2013-01-04 0000035315 fsst7:S000033635Member fsst7:AdvInvMember 2012-01-05 2013-01-04 pure iso4217:USD Other 2012-10-31 FIDELITY SALEM STREET TRUST 0000035315 false 2013-01-04 2013-01-04 -0.01 -0.01 0.002 0.002 0 0 0.0003 0 0.0023 0.002 -0.001 -0.001 0.0013 0.001 13 10 63 54 119 102 282 245 <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>Spartan</b><sup>&#174;</sup> <b>Global ex U.S. Index Fund</b>/Investor, Fidelity Advantage<sup>&#174;</sup></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 to provide investment results that correspond to the total return of foreign developed and emerging stock markets.</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> <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">This <b> example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3">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="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 7% 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 securities included in the MSCI<sup>&#174;</sup> ACWI<sup>&#174;</sup> (All Country World Index) ex USA Index and in depository receipts representing securities included in the index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the MSCI<sup>&#174;</sup> ACWI<sup>&#174;</sup> (All Country World Index) ex USA 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 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>Foreign and Emerging Market Risk. </i>Foreign markets, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.</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> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">Performance history will be available for the fund after the fund has been in operation for one calendar year.</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>/Class:<br/><b>Spartan</b><sup>&#174;</sup><b> Global ex U.S. Index Fund</b>/Institutional, Fidelity Advantage<sup>&#174;</sup> Institutional </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 to provide investment results that correspond to the total return of foreign developed and emerging stock markets.</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> <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">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="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 7% 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 securities included in the MSCI<sup>&#174;</sup> ACWI<sup>&#174;</sup> (All Country World Index) ex USA Index and in depository receipts representing securities included in the index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the MSCI<sup>&#174;</sup> ACWI<sup>&#174;</sup> (All Country World Index) ex USA 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 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>Foreign and Emerging Market Risk.</i> Foreign markets, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.</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> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <font style="FONT-FAMILY: Times New Roman" size="2"><i>December 31, 2013</i></font> 0.07 <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> -0.015 -0.015 0.002 0.002 0 0 0.0014 0.0008 0.0034 0.0028 -0.0012 -0.001 0.0022 0.0018 23 18 97 79 179 147 419 345 0.07 <font style="FONT-FAMILY: Times New Roman" size="2"><i>December 31, 2013</i></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> 0.0025 0.0025 0 0 0.0021 0.001 0.0035 0.0046 <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> -0.0015 -0.0015 0.0031 0.002 <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>Spartan<sup>&#174;</sup> Emerging Markets Index Fund</b>/Institutional, Fidelity Advantage<sup>&#174;</sup> Institutional </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 to provide investment results that correspond to the total return of emerging stock markets.</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> <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">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="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 62% 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 securities included in the FTSE<sup>&#174;</sup> Emerging Index and in depository receipts representing securities included in the index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the FTSE<sup>&#174;</sup> Emerging 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 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>Foreign and Emerging Market Risk.</i> Foreign markets, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.</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> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <font style="FONT-FAMILY: Times New Roman" size="3">Performance history will be available for the fund after the fund has been in operation for one calendar year.</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">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">Performance history will be available for the fund after the fund has been in operation for one calendar year.</font> 0.62 <font style="FONT-FAMILY: Times New Roman" size="2"><i>December 31, 2013</i></font> -0.01 -0.01 32 20 133 97 243 181 565 428 -0.015 -0.015 0.0025 0.0025 0 0 0.0003 0 0.0028 0.0025 -0.0015 -0.0015 0.0013 0.001 13 10 75 65 142 126 341 303 <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>Spartan<sup>&#174;</sup> Emerging Markets Index Fund</b>/Investor, Fidelity Advantage<sup>&#174;</sup> </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 to provide investment results that correspond to the total return of emerging stock markets.</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> <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">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="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 62% 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 securities included in the FTSE<sup>&#174;</sup> Emerging Index and in depository receipts representing securities included in the index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the FTSE<sup>&#174;</sup> Emerging 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 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> Foreign and Emerging Market Risk.</i> Foreign markets, particularly emerging 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. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.</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> <font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font> <font style="FONT-FAMILY: Times New Roman" size="2"><i>December 31, 2013</i></font> 0.62 <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">Performance history will be available for the fund after the fund has been in operation for one calendar year. </font> 2013-01-04 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesSpartanEmergingMarketsIndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesSpartanEmergingMarketsIndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleSpartanEmergingMarketsIndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesSpartanEmergingMarketsIndexFundInstitutionalClass,FidelityAdvantageInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesSpartanEmergingMarketsIndexFundInstitutionalClassFidelityAdvantageInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesSpartanGlobalexU.S.IndexFundInstitutionalClass,FidelityAdvantageInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleSpartanEmergingMarketsIndexFundInstitutionalClassFidelityAdvantageInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesSpartanGlobalexUSIndexFundInstitutionalClassFidelityAdvantageInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleSpartanGlobalexUSIndexFundInstitutionalClassFidelityAdvantageInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesSpartanGlobalexU.S.IndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesSpartanGlobalexUSIndexFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleSpartanGlobalexUSIndexFund column period compact * ~</div> Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Institutional Class and Fidelity Advantage Institutional Class of the fund 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 their respective average net assets, exceed 0.13% and 0.10%. These arrangements will remain in effect through December 31, 2013. FMR may not terminate these arrangements before the expiration date without the approval of the Board of Trustees. Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Investor Class and Fidelity Advantage Class of the fund 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 their respective average net assets, exceed 0.22% and 0.18%. These arrangements will remain in effect through December 31, 2013. FMR may not terminate these arrangements before the expiration date without the approval of the Board of Trustees. Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Institutional Class and Fidelity Advantage Institutional Class of the fund 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 their respective average net assets, exceed 0.13% and 0.10%. These arrangements will remain in effect through December 31, 2013. FMR may not terminate these arrangements before the expiration date without the approval of the Board of Trustees. Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Investor Class and Fidelity Advantage Class of the fund 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 their respective average net assets, exceed 0.31% and 0.20%. These arrangements will remain in effect through December 31, 2013. FMR may not terminate these arrangements before the expiration date without the approval of the Board of Trustees. 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