Fidelity Series Global ex U.S. Index Fund

Fund Summary

Fund:

Fidelity^® Series Global ex U.S. Index Fund

Investment Objective

The fund seeks to provide investment results that correspond to the total return of foreign developed and emerging stock markets.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.

Shareholder fees (fees paid directly from your investment)

Shareholder Fees (USD $)	Fidelity Series Global ex U.S. Index Fund
Shareholder fees (fees paid directly from your investment)	none

Annual fund operating expenses (expenses that you pay each year as a % of the value of your investment)

Annual Fund Operating Expenses		Fidelity Series Global ex U.S. Index Fund
Management fee		0.20%
Distribution and/or Service (12b-1) fees		none
Other expenses		none
Total annual fund operating expenses	[1]	0.20%

This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds.

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:

Expense Example (USD $)	Fidelity Series Global ex U.S. Index Fund
1 year	20
3 years	64
5 years	113
10 years	255

Portfolio Turnover

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 17% of the average value of its portfolio.

Principal Investment Strategies

• Normally investing at least 80% of assets in securities included in the MSCI^® ACWI^® (All Country World Index) ex USA Index (the Index) and in depository receipts representing securities included in the Index.

• 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, and country weightings to attempt to replicate the returns of the Index.

• Lending securities to earn income for the fund.

Principal Investment Risks

• Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.

• Correlation to Index. 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 the Index.

• Foreign and Emerging Market Risk. 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.

• Issuer-Specific Changes. 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.

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.

Performance

The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

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Year-by-Year Returns

Calendar Year

During the period shown in the chart:	Returns	Quarter ended
Highest Quarter Return	17.49%	September 30, 2010
Lowest Quarter Return	-13.35%	June 30, 2010
Year-to-Date Return	-17.64%	September 30, 2011

Average Annual Returns

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.

For the periods ended

December 31, 2010

Average Annual Total Returns Fidelity Series Global ex U.S. Index Fund	Past 1 year	Life of fund		Inception Date
Return Before Taxes	10.87%	11.59%	[1]	Sep. 29, 2009
Return After Taxes on Distributions	10.55%	11.29%	[1]	Sep. 29, 2009
Return After Taxes on Distributions and Sale of Fund Shares	7.29%	9.79%	[1]	Sep. 29, 2009
MSCI® ACWI® (All Country World Index) ex USA Index (reflects no deduction for fees, expenses, or taxes)	11.29%	12.54%	[1]	Sep. 29, 2009

[1] May differ from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.

[1] From September 29, 2009.