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[Pages:136]Fidelity? Total Market Index Fund Fidelity? Extended Market Index Fund Fidelity? International Index Fund

Annual Report

February 28, 2023

Contents

Fidelity? Total Market Index Fund

Fidelity? Extended Market Index Fund

Fidelity? International Index Fund

Notes to Financial Statements Report of Independent Registered Public Accounting Firm Trustees and Officers Shareholder Expense Example Distributions Board Approval of Investment Advisory Contracts Liquidity Risk Management Program

4 Performance 5 Management's Discussion of Fund

Performance 6 Investment Summary 7 Schedule of Investments 48 Financial Statements 52 Performance 53 Management's Discussion of Fund

Performance 54 Investment Summary 55 Schedule of Investments 94 Financial Statements 98 Performance 99 Management's Discussion of Fund

Performance 100 Investment Summary 101 Schedule of Investments 112 Financial Statements 116 123

124 130 131 132 133

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit or visit the Securities and Exchange Commission's (SEC) web site at .

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's?; and S&P?; are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and Dow Jones?; is a registered

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trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index or indices.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. ? 2023 FMR LLC. All rights reserved.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at . A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at , , or , as applicable.

NOT FDIC INSURED ?MAY LOSE VALUE ?NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.

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Annual Report

Fidelity? Total Market Index Fund

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended February 28, 2023 Fidelity? Total Market Index Fund

Past 1 year

-8.22%

Past 5 years

9.31%

Past 10 years

11.79%

$10,000 Over 10 Years Let's say hypothetically that $10,000 was invested in Fidelity? Total Market Index Fund on February 28, 2013. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market Index performed over the same period.

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Fidelity? Total Market Index Fund

Management's Discussion of Fund Performance

Market Recap: U.S. equities returned -7.69% for the 12 months ending February 28, 2023, according to the S&P 500? index. The new year began with an encouraging upturn in January (+6.28%), but stocks lost momentum in February (-2.44%) amid higher-than-expected inflation and strong jobs data. Investors took these as signs that the economy continued to run hot, even after a year of historic policy adjustment by the Federal Reserve aimed at cooling economic growth. Record inflation in 2022 prompted the Fed to aggressively tighten monetary policy, and market interest rates eclipsed their highest level in a decade, stoking recession fears and sending stocks into bear market territory. Since March 2022, the central bank has hiked its benchmark rate eight times, by 4.5 percentage points - the fastest-ever pace of monetary tightening - while also shrinking its massive asset portfolio. The latest bump came on February 2, along with a signal that the Fed plans to lift rates in March while it considers whether and when to pause increases. Against this dynamic backdrop, stocks struggled to gain traction until a strong rally ignited heading into the summer. But in September, the index returned -9.21%, one of its worst monthly results ever, before advancing 7.56% in Q4, as risky assets regained favor. For the full 12 months, value stocks handily outpaced growth. The headwind for the latter was most pronounced in the growth-oriented communication services (-25%) and consumer discretionary (-18%) sectors. In sharp contrast, energy gained 24%. Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending February 28, 2023, the fund returned -8.22%, roughly in line with the -8.23% result of the benchmark Dow Jones U.S. Total Stock Market Index. By sector, information technology returned roughly -13% and detracted most, followed by communication services, which returned about -26%, especially in the media & entertainment industry (-28%). The consumer discretionary sector returned roughly -18%, and financials (-6%) also hurt. Real estate (-13%) and health care (-2%) hampered results. Other notable detractors included the consumer staples (-1%) and utilities (-1%) sectors. Conversely, energy gained 24% and contributed most. Industrials stocks also helped (+2%), benefiting from the capital goods industry (+6%), and the materials sector rose about 1%. Turning to individual stocks, the biggest individual detractor was (-39%), from the retailing group, followed by Alphabet (-33%), which is in the media & entertainment segment. Within software & services, Microsoft returned roughly -16% and hurt. Other detractors were Apple (-10%), a stock in the technology hardware & equipment industry, and Tesla (-29%), from the automobiles & components category. Conversely, the biggest individual contributor was Exxon Mobil (+45%), from the energy sector. In pharmaceuticals, biotechnology & life sciences, Merck (+43%) and Eli Lilly (+26%) helped. Chevron, within the energy sector, advanced roughly 15% and lifted the fund. Another contributor was Caterpillar (+31%), a stock in the capital goods group.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

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Fidelity? Total Market Index Fund

Investment Summary February 28, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Apple, Inc. Microsoft Corp. , Inc. NVIDIA Corp. Tesla, Inc. Berkshire Hathaway, Inc. Class B Alphabet, Inc. Class A Alphabet, Inc. Class C Exxon Mobil Corp. UnitedHealth Group, Inc.

Market Sectors (% of Fund's net assets)

Information Technology Health Care Financials Consumer Discretionary Industrials Communication Services Consumer Staples Energy Real Estate Materials Utilities

Asset Allocation (% of Fund's net assets)

5.6 4.7 2.1

Stocks and Equity Futures - 100.0 Short-Term Investments and Net Other Assets (Liabilities) - 0.0

1.5

1.4

1.4

1.4

1.2

Foreign investments - 3.5%

1.2

Percentages shown as 0.0% may reflect amounts less than 0.05%.

1.1

21.6

25.9 14.1 12.4 11.0 9.6 7.0 6.1 4.7 3.3 3.0 2.7

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Fidelity? Total Market Index Fund

Schedule of Investments February 28, 2023

Showing Percentage of Net Assets

Common Stocks ? 99.8%

Shares

Value ($)

Common Stocks ? continued

COMMUNICATION SERVICES - 7.0%

Diversified Telecommunication Services - 0.8% Anterix, Inc. (a) AST SpaceMobile, Inc. (a)(b) AT&T, Inc. ATN International, Inc. Bandwidth, Inc. (a) Charge Enterprises, Inc. (a) Cogent Communications Group, Inc. Consolidated Communications Holdings, Inc. (a) EchoStar Holding Corp. Class A (a)(b) Frontier Communications Parent, Inc. (a)(b) Globalstar, Inc. (a)(b) IDT Corp. Class B (a) Iridium Communications, Inc. Liberty Global PLC: Class A (a) Class C (a) Liberty Latin America Ltd.: Class A (a) Class C (a) Lumen Technologies, Inc. (b) Ooma, Inc. (a) Radius Global Infrastructure, Inc. (a) Verizon Communications, Inc.

Entertainment - 1.4% Activision Blizzard, Inc. AMC Entertainment Holdings, Inc. Class A (a)(b) Chicken Soup For The Soul Entertainment, Inc. (a)(b) Cinedigm Corp. (a)(b) Cinemark Holdings, Inc. (a)(b) CuriosityStream, Inc. Class A (a)(b) Dolphin Entertainment, Inc. (a)(b) Electronic Arts, Inc. Endeavor Group Holdings, Inc. (a) FG Group Holdings, Inc. (a) Gaia, Inc. Class A (a) Genius Brands International, Inc. (a)(b) Golden Matrix Group, Inc. (a) Liberty Media Corp. Liberty Braves: Class A (a)(b) Class C (a) Liberty Media Corp. Liberty Formula One: Class A (a) Series C (a) Lions Gate Entertainment Corp.: Class A (a) Class B (a) Live Nation Entertainment, Inc. (a) LiveOne, Inc. (a) Loop Media, Inc. (a)(b) Madison Square Garden Entertainment Corp. (a)(b) Madison Square Garden Sports Corp. Marcus Corp. Motorsport Games, Inc. Class A (a)

30,350 79,690 12,046,273 17,036 37,243 176,008 72,251 110,609 61,823 375,739 1,158,413 36,964 212,946

158,279 564,197

54,858 264,040 1,608,306 34,826 131,566 7,104,071

1,202,910 860,246 16,218 172,863 177,956 37,463 7,242 443,063 298,225 23,510 15,337 56,066 33,726

24,095 55,573

37,306 352,249

235,357 97,775 240,640 76,855 65,166 44,854 30,548 41,151

314

916,570 513,204 227,795,022 716,364 592,164 198,889 4,677,530 335,145 1,233,987 10,280,219 1,482,769 1,124,075 13,068,496

3,243,137 11,989,186

483,848 2,318,271 5,468,240

455,872 1,793,245 275,708,996 564,395,229

91,721,888 6,142,156

71,197 85,049 2,421,981 62,563 13,615 49,153,409 6,653,400 53,838 50,152 174,926 107,249

825,254 1,860,028

2,266,713 23,907,140

2,497,138 972,861

17,340,518 74,473 376,659

2,715,013 5,838,945

662,120 2,857

COMMUNICATION SERVICES ? continued

Entertainment ? continued Netflix, Inc. (a) Playstudios, Inc. Class A (a) Playtika Holding Corp. (a) Reading International, Inc. Class A (a) Reservoir Media, Inc. (a) Roblox Corp. (a) Roku, Inc. Class A (a) Sciplay Corp. (A Shares) (a) Skillz, Inc. (a) Take-Two Interactive Software, Inc. (a) The Walt Disney Co. (a) Vivid Seats, Inc. Class A (a)(b) Warner Bros Discovery, Inc. (a) Warner Music Group Corp. Class A World Wrestling Entertainment, Inc. Class A (b)

Interactive Media & Services - 3.7% Alphabet, Inc.: Class A (a) Class C (a) Angi, Inc. (a) Bumble, Inc. (a) BuzzFeed, Inc. (a) CarGurus, Inc. Class A (a) , Inc. (a) DHI Group, Inc. (a) Eventbrite, Inc. (a) EverQuote, Inc. Class A (a) FaZe Holdings, Inc. Class A (a)(b) fuboTV, Inc. (a)(b) IAC, Inc. (a) Izea Worldwide, Inc. (a)(b) Kubient, Inc. (a)(b) Liberty TripAdvisor Holdings, Inc. (a) Match Group, Inc. (a) MediaAlpha, Inc. Class A (a) Meta Platforms, Inc. Class A (a) Nextdoor Holdings, Inc. (a)(b) Outbrain, Inc. (a) Pinterest, Inc. Class A (a) Professional Diversity Network, Inc. (a)(b) QuinStreet, Inc. (a) Shutterstock, Inc. Snap, Inc. Class A (a) Society Pass, Inc. (a) Super League Gaming, Inc. (a)(b) System1, Inc. (a)(b) The Arena Group Holdings, Inc. (b) Travelzoo, Inc. (a) TripAdvisor, Inc. (a) TrueCar, Inc. (a) Vimeo, Inc. (a) Vinco Ventures, Inc. (a)(b) Wejo Group Ltd. (a)

See accompanying notes which are an integral part of the financial statements.

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57

Shares

Value ($)

752,374 136,116 160,134 27,398 52,019 613,099 208,745 39,902 515,060 266,271 3,082,573 51,628 3,732,036 195,768 73,005

242,362,237 506,352

1,537,286 96,167 351,648

22,463,947 13,503,714

659,979 322,170 29,169,988 307,055,097 395,987 58,294,402 6,178,438 6,132,420 905,080,974

10,083,401 8,963,375

120,975 130,251 73,974 160,944 110,752 72,006 139,402 31,519 41,922 362,293 132,916 76,210 10,430 107,591 473,000 40,315 3,801,197 219,382 61,295 993,434

6,283 87,339 42,804 1,703,548 4,312 63,028 36,839 23,034 7,598 177,332 153,372 270,195 350,677 49,984

908,111,094 809,392,763

309,696 3,149,469

114,660 2,744,095 2,126,438

305,305 1,221,162

430,234 25,245 691,980 6,903,657 49,537 8,554 119,426 19,591,660 610,369 664,981,403 451,927 270,924 24,945,128 15,393 1,482,143 3,219,717 17,291,012 4,743 39,582 162,092 181,047 37,838 3,825,051 357,357 1,034,847 171,867 32,989

Annual Report

Schedule of Investments - Continued

Common Stocks ? continued

Shares

Value ($)

Common Stocks ? continued

COMMUNICATION SERVICES ? continued

Interactive Media & Services ? continued Yelp, Inc. (a) Zedge, Inc. (a) Ziff Davis, Inc. (a) ZipRecruiter, Inc. (a)(b) Zoominfo Technologies, Inc. (a)

Media - 0.9% AdTheorent Holding Co., Inc. Class A (a) Advantage Solutions, Inc. Class A (a)(b) Altice U.S.A., Inc. Class A (a) AMC Networks, Inc. Class A (a) Audacy, Inc. Class A (a) Boston Omaha Corp. (a) Cable One, Inc. Cardlytics, Inc. (a)(b) Cbdmd, Inc. (a)(b) Charter Communications, Inc. Class A (a) Clear Channel Outdoor Holdings, Inc. (a) Comcast Corp. Class A comScore, Inc. (a)(b) Cumulus Media, Inc. (a) Daily Journal Corp. (a) DallasNews Corp. Digital Media Solutions, Inc. Class A (a)(b) DISH Network Corp. Class A (a) E.W. Scripps Co. Class A (a) Emerald Holding, Inc. (a) Entravision Communication Corp. Class A Fluent, Inc. (a) Fox Corp.: Class A Class B Gannett Co., Inc. (a)(b) Gray Television, Inc. Harte-Hanks, Inc. (a) iHeartMedia, Inc. (a) Innovid Corp. (a)(b) Insignia Systems, Inc. (a)(b) Integral Ad Science Holding Corp. (a) Interpublic Group of Companies, Inc. John Wiley & Sons, Inc. Class A Lee Enterprises, Inc. (a) Liberty Broadband Corp.: Class A (a) Class C (a) Liberty Media Corp. Liberty SiriusXM: Series A (a) Series C (a) Loyalty Ventures, Inc. (a) Magnite, Inc. (a) Marchex, Inc. Class B (a) Mediaco Holding, Inc. (a) National CineMedia, Inc. (b)

115,992 20,075 79,719 94,188 453,866

3,482,080 55,206

6,296,207 1,606,847 10,969,941 2,496,820,685

57,507 170,835 355,788 47,913 191,452 34,508

8,165 53,560 50,529 181,583 791,425 7,295,428 146,166 27,829 1,984 3,909 25,067 421,166 95,768 42,037 94,991 74,191

87,411 375,837 1,408,920 1,071,335 41,162 831,298 5,638,831 291,902 12,228 66,751,727 1,400,822 271,171,059 169,553 150,833 602,501 17,630 30,206 4,805,504 1,208,592 160,161 623,141 106,835

622,146 115,318 252,601 143,029 10,160 179,686 131,249

507 66,064 655,261 75,683 8,452

21,787,553 3,719,006

765,381 1,673,439

107,899 1,304,520

221,811 4,685

721,419 23,287,976 3,367,137

158,898

27,078 202,436

2,348,475 17,545,128

44,225 339,910 31,511 202,738 35,256

178 107,997

1,432,448 10,951,900

55,459 2,256,474

74,038 208

24,839

COMMUNICATION SERVICES ? continued

Media ? continued News Corp.: Class A Class B Nexstar Broadcasting Group, Inc. Class A Nextplay Technologies, Inc. (a)(b) Omnicom Group, Inc. Paramount Global: Class A (b) Class B PubMatic, Inc. (a)(b) Quotient Technology, Inc. (a) Saga Communications, Inc. Class A Salem Communications Corp. Class A (a) Scholastic Corp. Sinclair Broadcast Group, Inc. Class A Sirius XM Holdings, Inc. (b) Stagwell, Inc. (a) TechTarget, Inc. (a) TEGNA, Inc. The New York Times Co. Class A The Trade Desk, Inc. (a) Thryv Holdings, Inc. (a) Townsquare Media, Inc. (a) Urban One, Inc.: Class A (a) Class D (non-vtg.) (a) WideOpenWest, Inc. (a)

Wireless Telecommunication Services - 0.2% Gogo, Inc. (a) KORE Group Holdings, Inc. (a) NII Holdings, Inc. (a)(c) Shenandoah Telecommunications Co. Spok Holdings, Inc. SurgePays, Inc. (a)(b) T-Mobile U.S., Inc. (a) Telephone & Data Systems, Inc. U.S. Cellular Corp. (a)

TOTAL COMMUNICATION SERVICES

CONSUMER DISCRETIONARY - 11.0%

Auto Components - 0.3% Adient PLC (a) American Axle & Manufacturing Holdings, Inc. (a) Aptiv PLC (a) Autoliv, Inc. BorgWarner, Inc. Cooper-Standard Holding, Inc. (a)(b) Dana, Inc. Dorman Products, Inc. (a) Fox Factory Holding Corp. (a) Garrett Motion, Inc. (a)(b)

See accompanying notes which are an integral part of the financial statements.

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68

Shares

Value ($)

642,499 200,465 63,768

5,001 344,631

11,018,858 3,460,026 11,854,471

10,002 31,213,230

70,305 792,107 71,046 146,280

8,825 7,646 50,277 74,081 1,170,130 172,591 45,171 378,889 277,799 751,127 50,898 9,598

1,728,097 16,966,932 1,078,478

552,938 212,241 10,246 2,293,134 1,205,298 5,136,871 1,183,974 1,704,302 6,592,669 10,695,262 42,033,067 1,213,408 69,394

10,957 38,819 90,571

74,836 193,707 989,941 600,257,563

106,885 53,177 149,032 86,160 30,552 16,874 1,008,428 176,069 28,689

1,759,327 91,464 38,748

1,681,843 305,214 97,363

143,378,293 2,234,316 692,266

150,278,834

4,716,833,285

158,942 194,418 457,544 132,486 393,738 28,839 210,769 48,208 71,540 98,449

6,790,002 1,710,878 53,203,216 12,265,554 19,797,147

459,982 3,338,581 4,484,790 8,405,950

760,026

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