0001752724-23-021777.txt : 20230213 0001752724-23-021777.hdr.sgml : 20230213 20230213090933 ACCESSION NUMBER: 0001752724-23-021777 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230213 DATE AS OF CHANGE: 20230213 EFFECTIVENESS DATE: 20230213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY COMMONWEALTH TRUST CENTRAL INDEX KEY: 0000205323 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-02546 FILM NUMBER: 23615061 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 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 S000006011 Fidelity Nasdaq Composite Index ETF C000016527 Fidelity Nasdaq Composite Index ETF ONEQ N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000205323 XXXXXXXX 811-02546 true false false N-1A true Fidelity Commonwealth Trust 811-02546 0000205323 RRU0WCSIEQVV8NJYCG61 245 Summer Street Boston 02210 US-MA US 1-800-FIDELITY Fidelity Service Company 245 Summer Street BOST 02210 1-800-FIDELITY Books and Records of the Fund as required to be maintained by the Investment Company Act N N N-1A 1 Y OSCAR MUNOZ N/A N ROBERT LAWRENCE N/A Y THOMAS KENNEDY N/A N BETTINA DOULTON N/A Y VICKI FULLER N/A N THOMAS BOSTICK N/A N PATRICIA KAMPLING N/A N DENNIS DIRKS N/A N DONALD DONAHUE N/A N MICHAEL WILEY N/A N SUSAN TOMASKY N/A N DAVID THOMAS N/A N JASON POGORELEC 007269504 245 SUMMER STREET BOSTON 02210 XXXXXX N N N N N N Fidelity Distributors Company LLC 8-35097 000017507 N/A Y N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N N N Fidelity Nasdaq Composite Index ETF S000006011 UC2JB80KJWF0GZ07KP49 N 1 0 0 Exchange-Traded Fund N N 0.84669700 0.68926200 0.26661300 0.26560500 N N Y N N NATIONAL FINANCIAL SERVICES, LLC 549300JRHF1MHHWUAW04 Y N Non-revenue sharing split (other than administrative fee) 245504238.41000000 7635488.000 Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 17e-1 (17 CFR 270.17e-1) Rule 17a-7 (17 CFR 270.17a-7) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Geode Capital Management, LLC 801-61117 000115504 549300R46G1X232ODH36 N N STATE STREET BANK AND TRUST COMPANY 85-05003 571474TGEMMWANRLN572 N N N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N BLOOMBERG LP 549300B56MD0ZC402L06 N N STATE STREET BANK AND TRUST COMPANY 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N STATE STREET BANK AND TRUST COMPANY 571474TGEMMWANRLN572 N N N Fidelity Service Company 549300LT256P1KNTYF28 Y N N NOMURA HOLDINGS INC N/A N/A 549300B3CEAHYG7K8164 JP 10521.68000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 10505.76000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 858.50000000 JEFFERIES GROUP LLC N/A N/A NY9Q8VBNB6D1L6YV0J84 110.50000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 31.99000000 CREDIT SUISSE GRP AG N/A N/A 549300506SI9CRFV9Z86 CH 1273.53000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 1256.14000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 250.84000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 484.11000000 LIQUIDNET HOLDINGS INC N/A N/A N/A 40.13000000 25354.00000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 1980501.88000000 1980501.88000000 N 4105250076.00000000 Uncommitted 25000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 1500000000.00000000 N N N Fidelity Nasdaq Composite Index ETF S000006011 N 10000.00000000 0.02169600 0.00214300 0.97830400 0.00214300 0.02235700 0.00225700 0.97764300 0.00225700 0.00000000 2000.00000000 0.00000000 0.00000000 2000.00000000 0.00000000 0.00000000 2000.00000000 0.00000000 0.00000000 2000.00000000 0.00000000 N true INTERNAL CONTROL RPT 2 commonwealth_icr1.htm Converted by EDGARwiz



Report of Independent Registered Public Accounting Firm



To the Board of Trustees of Fidelity Commonwealth Trust and Shareholders of Fidelity NASDAQ Composite Index ETF

 

In planning and performing our audit of the financial statements of Fidelity NASDAQ Composite Index ETF (the “Fund”) as of and for the year ended November 30, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund’s internal control over financial reporting.


The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.


Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.







A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.  


Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of November 30, 2022.


This report is intended solely for the information and use of the Board of Trustees of Fidelity Commonwealth Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.




/s/ PricewaterhouseCoopers LLP


Boston, Massachusetts

January 13, 2023