FSPGX
Fidelity Large Cap Growth Index Fund
Fidelity Salem Street Trust
Index fund
Expense ratio1
0.03%
Net assets2
$42.82B
Holdings2
394
Category
US Equity
2025 return3
18.54%

Investment objective & strategy

As of June 24, 2025 · prospectus

Objective. Fidelity Large Cap Growth Index Fund seeks to provide investment results that correspond to the total return of stocks of large capitalization U.S. companies.

Strategy. Normally investing at least 80% of assets in securities included in the Russell 1000 Growth Index. The Russell 1000 Growth Index is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. It includes those Russell 1000 Index companies with higher price-to-book (P/B) ratios and higher forecasted growth rates. The stocks of these companies are often called "growth" stocks. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Effective March 24, 2025, … Normally investing at least 80% of assets in securities included in the Russell 1000 Growth Index. The Russell 1000 Growth Index is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. It includes those Russell 1000 Index companies with higher price-to-book (P/B) ratios and higher forecasted growth rates. The stocks of these companies are often called "growth" stocks. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Effective March 24, 2025, the Russell 1000 Growth Index applies a capping methodology. Index constituents are capped quarterly so that no more than 22.5% of the index weight may be allocated to a single constituent, and the sum of the weights of all constituents representing more than 4.5% of the index should not exceed 45% of the total index weight. For periods prior to March 24, 2025, the index was uncapped. Lending securities to earn income for the fund. The fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), to the approximate extent the index is non-diversified. The fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $5.44B 12.70%
APPLE INC $4.61B 10.77%
MICROSOFT CORP $3.92B 9.15%
AMAZON.COM INC $2.04B 4.77%
BROADCOM INC $1.97B 4.60%
META PLATFORMS INC CL A $1.72B 4.02%
ALPHABET INC CL A $1.61B 3.76%
TESLA INC $1.58B 3.70%
ALPHABET INC CL C $1.31B 3.07%
LILLY ELI and CO $1.20B 2.80%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
3
Exited
4
Increased
376
Decreased
14
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of April 30, 2025 · N-CEN
FirmRole
Fidelity Management & Research Company LLC Adviser
Geode Capital Management, LLC Sub-adviser

Footnotes

  1. Expense ratio as of June 24, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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