The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Indexâ„ . The fund normally invests at least 80% of assets in securities included in the Fidelity U.S. Value Factor Indexâ„ , which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations. It may lend securities to earn income for the fund

There are no covered calls available for FIDELITY VALUE FACTOR.

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