Fidelity Real Estate Index Fund NCSR Certified annual shareholder report (management investment company)

Fidelity® SAI International Low Volatility Index Fund

Fidelity® SAI U.S. Low Volatility Index Fund

Report of Independent Registered Public Accounting Firm

Fidelity® SAI Emerging Markets Low Volatility Index Fund

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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 http://www.sec.gov. 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 http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.

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 October 31, 2023	Past 1 year	Life of Fund A
Fidelity® SAI Emerging Markets Low Volatility Index Fund	11.41%	2.02%

A From January 30, 2019

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® SAI Emerging Markets Low Volatility Index Fund on January 30, 2019, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Emerging Markets Low Volatility Focus Index℠ and MSCI ACWI (All Country World Index) ex USA Index performed over the same period.

Fidelity® SAI Emerging Markets Low Volatility Index Fund

Market Recap:

International (non-U.S.) equities gained 12.27% for the 12 months ending October 31, 2023, according to the MSCI ACWI (All Country World Index) ex USA Index, as global economic expansion and a slowing in the pace of inflation in some markets provided a favorable backdrop for risk assets. After returning -15.86% in 2022, the index's upturn has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence applications. The index gained 14.07% year to date through July, including strong gains in both June (+4.50%) and July (+4.07%). The rally for international equities sputtered for the next three months (-11.33%) amid a stalling pattern in disinflationary trends, heightened global recession and geopolitical risks, soaring yields on longer-term U.S. government bonds and particularly weak economic conditions in the eurozone and China. The three-month decline left non-U.S. stocks up 1.15% year to date through October. For the full 12 months, nearly all regions advanced, with Europe ex U.K. (+18%) and Japan (+17%) leading, whereas Canada (-0.38%) lagged by the widest margin. Each of the 11 sectors advanced, with information technology (+21%) and consumer discretionary (+19%) leading the way. Energy and industrials each rose about 14%. Conversely, four defensive-oriented sectors lagged by the widest margin: real estate (+4%), health care (+6%), consumer staples (+7%) and utilities (+8%).

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year, the fund gained 11.41%, versus 11.94% for the benchmark Fidelity EM Low Volatility Focus Index NR. (The fund's relative performance was affected by differing methodologies (fund versus index) for valuing certain foreign stocks and for incorporating foreign exchange rates, as well as by required local capital gains tax.) From a regional standpoint, emerging markets gained 12% and was a notable contributor versus the benchmark. By sector, information technology gained about 45% and contributed most, driven by the technology hardware & equipment industry (+81%). Energy stocks also helped (+36%). Financials rose approximately 4%, boosted by banks (+4%), utilities gained about 13%, and consumer discretionary advanced approximately 11%. Other notable contributors included the industrials (+20%), health care (+4%) and consumer staples (+2%) sectors. Conversely, from a sector standpoint, materials returned -8% and detracted most. Communication services (-2%) and real estate (-4%), especially in the equity real estate investment trusts (REITs) industry (-9%), also hurt. The top individual contributor was Quanta Computer (+194%), from the technology hardware & equipment industry. Also in technology hardware & equipment, Lite On Technology (+62%) helped. In energy, PetroChina (+83%) and China Shenhua Energy (+29%) boosted the fund. Conversely, the biggest individual detractor was Qatar Islamic Bank (-26%), from the banks category. Emirates Telecom Group (-26%), from the telecommunication services category, also hurt. NCSoft (-36%), from the media & entertainment category, also hurt. Saudi Electricity Company (-32%), from the utilities industry, detracted.

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.

Fidelity® SAI Emerging Markets Low Volatility Index Fund

Top Holdings (% of Fund's net assets)

Nestle India Ltd. (India, Food Products)	1.7
Agricultural Bank of China Ltd. (H Shares) (China, Banks)	1.7
China Shenhua Energy Co. Ltd. (H Shares) (China, Oil, Gas & Consumable Fuels)	1.7
HCL Technologies Ltd. (India, IT Services)	1.7
Power Grid Corp. of India Ltd. (India, Electric Utilities)	1.6
Industrial & Commercial Bank of China Ltd. (H Shares) (China, Banks)	1.6
Bank of Communications Co. Ltd. (H Shares) (China, Banks)	1.6
Chunghwa Telecom Co. Ltd. (Taiwan, Diversified Telecommunication Services)	1.6
KT&G Corp. (Korea (South), Tobacco)	1.6
Bank of China Ltd. (H Shares) (China, Banks)	1.5
	16.3

Market Sectors (% of Fund's net assets)

Financials	27.5
Information Technology	15.8
Communication Services	12.5
Consumer Staples	10.0
Consumer Discretionary	9.2
Utilities	7.3
Health Care	6.5
Energy	4.7
Materials	3.1
Industrials	2.2
Real Estate	0.5

Asset Allocation (% of Fund's net assets)

Futures - 0.7%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® SAI Emerging Markets Low Volatility Index Fund

Showing Percentage of Net Assets

Common Stocks - 99.3%
	Shares	Value ($)
Brazil - 1.9%
Rumo SA	7,556,800	33,439,224
Telefonica Brasil SA	3,107,800	27,886,522
TOTAL BRAZIL		61,325,746
Chile - 0.8%
Banco de Chile	241,951,263	24,857,451
China - 20.1%
Agricultural Bank of China Ltd. (H Shares)	144,283,000	53,291,890
Anta Sports Products Ltd.	2,380,200	26,918,850
Bank of China Ltd. (H Shares)	139,663,000	48,789,231
Bank of Communications Co. Ltd. (H Shares)	86,825,000	51,357,503
CGN Power Co. Ltd. (H Shares) (b)	82,742,000	19,883,535
China CITIC Bank Corp. Ltd. (H Shares)	69,273,000	30,903,259
China Construction Bank Corp. (H Shares)	30,497,000	17,247,825
China Minsheng Banking Corp. Ltd. (H Shares)	50,154,500	16,674,407
China Railway Group Ltd. (H Shares)	31,190,000	14,720,570
China Resource Gas Group Ltd.	6,690,000	19,776,485
China Resources Power Holdings Co. Ltd.	8,579,000	16,625,172
China Shenhua Energy Co. Ltd. (H Shares)	17,327,500	53,108,307
China Tower Corp. Ltd. (H Shares) (b)	201,604,000	18,799,748
Guangdong Investment Ltd.	20,832,000	14,215,384
Hengan International Group Co. Ltd.	4,605,000	15,423,516
Industrial & Commercial Bank of China Ltd. (H Shares)	107,520,000	51,528,397
PetroChina Co. Ltd. (H Shares)	71,616,000	46,744,885
Postal Savings Bank of China Co. Ltd. (H Shares) (b)	57,314,000	26,159,788
Shandong Weigao Medical Polymer Co. Ltd. (H Shares)	15,428,000	14,320,143
Shenzhou International Group Holdings Ltd.	580,400	5,700,963
Sinopharm Group Co. Ltd. (H Shares)	4,572,000	10,932,947
Want Want China Holdings Ltd.	36,997,000	22,988,454
Yum China Holdings, Inc.	799,587	42,026,293
TOTAL CHINA		638,137,552
India - 18.5%
Cipla Ltd./India (a)	2,425,887	34,959,079
Crompton Greaves Consumer Electricals Ltd.	2,650,090	8,973,155
Dr. Reddy's Laboratories Ltd.	735,153	47,436,053
HCL Technologies Ltd.	3,437,865	52,715,778
Hindustan Unilever Ltd.	1,434,338	42,792,783
Infosys Ltd.	2,386,517	39,236,439
Jubilant Foodworks Ltd.	2,837,059	17,065,778
Lupin Ltd.	1,350,398	18,293,844
MRF Ltd.	18,443	23,989,203
Nestle India Ltd.	183,716	53,480,208
Pidilite Industries Ltd.	31,205	921,054
Power Grid Corp. of India Ltd.	21,355,216	51,850,797
Sona Blw Precision Forgings Ltd. (b)	2,367,253	15,401,422
Sun Pharmaceutical Industries Ltd.	1,340,812	17,524,775
Tata Consultancy Services Ltd.	1,138,872	46,091,932
Tech Mahindra Ltd.	2,701,271	36,802,328
Tvs Motor Co. Ltd.	1,739,975	33,239,964
Wipro Ltd.	6,225,636	28,571,667
WNS Holdings Ltd. sponsored ADR (a)	298,427	16,210,555
TOTAL INDIA		585,556,814
Indonesia - 2.3%
PT Bank Central Asia Tbk	78,585,700	43,294,485
PT Telkom Indonesia Persero Tbk	141,568,000	31,033,944
TOTAL INDONESIA		74,328,429
Korea (South) - 9.0%
Coway Co. Ltd.	422,439	13,498,344
Db Insurance Co. Ltd.	294,229	19,113,845
GS Holdings Corp.	6,926	201,952
Hankook Tire Co. Ltd.	586,076	16,603,224
Hotel Shilla Co. (c)	167,803	7,752,873
Hyundai Mobis	283,937	43,906,653
Industrial Bank of Korea	2,190,340	18,100,327
Korea Electric Power Corp. (a)	1,109,098	13,861,915
KT&G Corp.	777,438	48,970,641
NCSOFT Corp.	117,183	20,215,328
Orion Corp./Republic of Korea	77,820	6,877,260
Samsung Electronics Co. Ltd.	726,731	36,119,325
Samsung SDS Co. Ltd.	324,777	33,241,884
SK Hynix, Inc.	65,817	5,707,215
TOTAL KOREA (SOUTH)		284,170,786
Kuwait - 2.5%
Boubyan Bank KSC	7,707,665	14,595,869
Mobile Telecommunication Co.	16,176,909	25,144,913
National Bank of Kuwait	13,695,994	38,815,275
TOTAL KUWAIT		78,556,057
Malaysia - 4.6%
CelcomDigi Bhd	19,533,100	17,497,878
IHH Healthcare Bhd	17,395,300	21,897,101
Malayan Banking Bhd	8,289,316	15,696,299
MISC Bhd	4,180,100	6,363,690
Nestle (Malaysia) Bhd	233,400	6,065,625
Petronas Gas Bhd	2,988,800	10,886,772
PPB Group Bhd	3,579,500	11,507,155
Public Bank Bhd	21,593,300	18,859,627
Tenaga Nasional Bhd	18,266,200	37,958,362
TOTAL MALAYSIA		146,732,509
Mexico - 0.4%
Kimberly-Clark de Mexico SA de CV Series A	7,379,000	13,526,871
Philippines - 2.0%
Bank of the Philippine Islands (BPI)	11,666,773	20,635,658
BDO Unibank, Inc.	13,074,732	29,361,025
PLDT, Inc.	607,215	12,944,209
TOTAL PHILIPPINES		62,940,892
Qatar - 2.7%
Masraf al Rayan	6,657,256	3,839,670
Qatar Electricity & Water Co. (a)	630,446	2,863,932
Qatar Islamic Bank	6,677,899	31,913,058
Qatar National Bank SAQ	8,250,039	33,738,830
The Commercial Bank of Qatar (a)	8,429,925	11,868,112
TOTAL QATAR		84,223,602
Russia - 0.0%
PhosAgro PJSC (d)	1,400	86
PhosAgro PJSC:
GDR (Reg. S) (a)(d)	586,072	12,020
sponsored GDR (Reg. S) (a)(d)	3,774	77
TOTAL RUSSIA		12,183
Saudi Arabia - 7.7%
Alinma Bank	4,475,932	39,252,096
Almarai Co. Ltd.	1,853,174	27,612,866
Jarir Marketing Co.	4,486,803	17,317,653
Mouwasat Medical Services Co.	696,810	18,573,675
Sabic Agriculture-Nutrients Co.	807,123	28,785,867
Saudi Basic Industries Corp.	2,023,026	41,521,751
Saudi Electricity Co.	4,931,360	23,397,539
Saudi Telecom Co.	4,544,003	46,510,746
The Savola Group	6,081	59,001
Yanbu National Petrochemical Co.	205,130	2,069,562
TOTAL SAUDI ARABIA		245,100,756
Taiwan - 20.0%
ASUSTeK Computer, Inc.	3,722,000	38,995,609
Chang Hwa Commercial Bank	43,910,869	23,245,108
Chicony Electronics Co. Ltd.	4,960,000	19,080,033
Chunghwa Telecom Co. Ltd.	13,705,000	48,978,766
Compal Electronics, Inc.	30,710,000	26,692,069
Far EasTone Telecommunications Co. Ltd.	12,185,000	28,520,471
Formosa Petrochemical Corp.	11,040,000	26,950,348
Formosa Plastics Corp.	11,114,000	26,410,656
Highwealth Construction Corp.	12,087,900	15,176,214
Inventec Corp.	23,817,000	29,814,118
Lite-On Technology Corp.	11,437,000	35,581,814
Mega Financial Holding Co. Ltd.	40,239,627	45,626,120
President Chain Store Corp.	4,284,000	34,050,194
Quanta Computer, Inc.	4,473,000	26,389,622
Sinopac Financial Holdings Co.	54,582,344	30,079,852
Synnex Technology International Corp.	9,397,000	19,927,957
Taiwan Cooperative Financial Holding Co. Ltd.	48,425,723	37,576,856
Taiwan Mobile Co. Ltd.	13,159,000	38,858,417
The Shanghai Commercial & Savings Bank Ltd.	19,244,080	25,478,607
Uni-President Enterprises Corp.	15,702,000	32,916,614
WPG Holding Co. Ltd.	10,828,000	23,942,041
TOTAL TAIWAN		634,291,486
Thailand - 2.5%
Advanced Info Service PCL (For. Reg.)	7,308,800	44,518,034
Advanced Information Service PCL NVDR	533,500	3,249,558
Bangkok Bank PCL (For. Reg.)	3,107,900	13,543,774
Bangkok Dusit Medical Services PCL (For. Reg.)	25,994,900	19,056,477
TOTAL THAILAND		80,367,843
United Arab Emirates - 4.3%
Abu Dhabi National Oil Co. for Distribution PJSC	21,938,003	20,068,524
ADNOC Drilling Co. PJSC	18,974,984	18,804,504
Dubai Electricity & Water Authority PJSC (a)	37,636,434	24,387,344
Dubai Islamic Bank Pakistan Ltd.	21,464,884	31,557,412
Emirates Telecommunications Corp.	6,385,139	32,090,843
First Abu Dhabi Bank PJSC	2,477,401	8,552,531
TOTAL UNITED ARAB EMIRATES		135,461,158
TOTAL COMMON STOCKS (Cost $3,150,848,052)		3,149,590,135

Government Obligations - 0.1%
	Principal Amount (e)	Value ($)
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (f) (Cost $1,770,075)	1,800,000	1,769,970

Money Market Funds - 0.8%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (g)	22,632,886	22,637,413
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h)	4,427,557	4,428,000
TOTAL MONEY MARKET FUNDS (Cost $27,065,413)		27,065,413

TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $3,179,683,540)	3,178,425,518
NET OTHER ASSETS (LIABILITIES) - (0.2)%	(6,476,593)
NET ASSETS - 100.0%	3,171,948,925

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
ICE MSCI Emerging Markets Index Contracts (United States)	487	Dec 2023	22,382,520	(630,612)	(630,612)

The notional amount of futures purchased as a percentage of Net Assets is 0.7%

Legend

(a)	Non-income producing

(b)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $80,244,493 or 2.5% of net assets.

(c)	Security or a portion of the security is on loan at period end.

(d)	Level 3 security

(e)	Amount is stated in United States dollars unless otherwise noted.

(f)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $702,088.

(g)

Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

(h)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	30,186,116	758,471,044	766,019,747	772,954	-	-	22,637,413	0.0%
Fidelity Securities Lending Cash Central Fund 5.40%	12,500,000	32,696,469	40,768,469	4,221	-	-	4,428,000	0.0%
Total	42,686,116	791,167,513	806,788,216	777,175	-	-	27,065,413

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2023, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	396,249,377	131,633,024	264,616,353	-
Consumer Discretionary	292,462,899	79,412,470	213,050,429	-
Consumer Staples	316,271,188	41,198,738	275,072,450	-
Energy	145,608,044	18,804,504	126,803,540	-
Financials	875,554,187	238,990,304	636,563,883	-
Health Care	202,994,094	18,573,675	184,420,419	-
Industrials	70,935,991	49,649,779	21,286,212	-
Information Technology	498,909,831	-	498,909,831	-
Materials	99,721,073	72,377,180	27,331,710	12,183
Real Estate	15,176,214	-	15,176,214	-
Utilities	235,707,237	50,648,815	185,058,422	-

Government Obligations	1,769,970	-	1,769,970	-

Money Market Funds	27,065,413	27,065,413	-	-
Total Investments in Securities:	3,178,425,518	728,353,902	2,450,059,433	12,183
Derivative Instruments: Liabilities
Futures Contracts	(630,612)	(630,612)	-	-
Total Liabilities	(630,612)	(630,612)	-	-
Total Derivative Instruments:	(630,612)	(630,612)	-	-

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2023. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	0	(630,612)
Total Equity Risk	0	(630,612)
Total Value of Derivatives	0	(630,612)

(a)Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).

Fidelity® SAI Emerging Markets Low Volatility Index Fund

Fidelity® SAI International Low Volatility Index Fund

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $3,781,487) - See accompanying schedule:
Unaffiliated issuers (cost $3,152,618,127)	$	3,151,360,105
Fidelity Central Funds (cost $27,065,413)		27,065,413


Total Investment in Securities (cost $3,179,683,540)			$	3,178,425,518
Foreign currency held at value (cost $11,950,056)				11,863,522
Receivable for investments sold				4,701
Receivable for fund shares sold				2,218,648
Dividends receivable				1,649,306
Distributions receivable from Fidelity Central Funds				83,749
Prepaid expenses				3,861
Receivable from investment adviser for expense reductions				8,200
Other receivables				409,791
Total assets				3,194,667,296
Liabilities
Payable for fund shares redeemed	$	3,186,425
Accrued management fee		403,094
Payable for daily variation margin on futures contracts		157,043
Deferred taxes		13,351,843
Other payables and accrued expenses		1,191,966
Collateral on securities loaned		4,428,000
Total Liabilities				22,718,371
Net Assets			$	3,171,948,925
Net Assets consist of:
Paid in capital			$	3,124,517,982
Total accumulated earnings (loss)				47,430,943
Net Assets			$	3,171,948,925
Net Asset Value, offering price and redemption price per share ($3,171,948,925 ÷ 312,305,005 shares)			$	10.16

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	126,431,986
Interest				83,578
Income from Fidelity Central Funds (including $4,221 from security lending)				777,175
Income before foreign taxes withheld			$	127,292,739
Less foreign taxes withheld				(15,785,271)
Total Income				111,507,468
Expenses
Management fee	$	4,607,946
Custodian fees and expenses		3,056,368
Independent trustees' fees and expenses		10,138
Registration fees		184,429
Audit		105,049
Legal		3,253
Interest		144,520
Miscellaneous		13,689
Total expenses before reductions		8,125,392
Expense reductions		(286,923)
Total expenses after reductions				7,838,469
Net Investment income (loss)				103,668,999
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $971,747)		3,525,174
Foreign currency transactions		(405,293)
Futures contracts		6,972,476
Total net realized gain (loss)				10,092,357
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $6,437,329)		154,605,623
Assets and liabilities in foreign currencies		(11,673)
Futures contracts		710,647
Total change in net unrealized appreciation (depreciation)				155,304,597
Net gain (loss)				165,396,954
Net increase (decrease) in net assets resulting from operations			$	269,065,953

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	103,668,999	$	59,863,843
Net realized gain (loss)		10,092,357		(6,168,928)
Change in net unrealized appreciation (depreciation)		155,304,597		(412,507,271)
Net increase (decrease) in net assets resulting from operations		269,065,953		(358,812,356)
Distributions to shareholders		(53,120,773)		(41,568,890)

Share transactions
Proceeds from sales of shares		1,377,836,095		901,012,848
Reinvestment of distributions		51,309,868		41,085,516
Cost of shares redeemed		(545,094,970)		(262,187,253)

Net increase (decrease) in net assets resulting from share transactions		884,050,993		679,911,111
Total increase (decrease) in net assets		1,099,996,173		279,529,865

Net Assets
Beginning of period		2,071,952,752		1,792,422,887
End of period	$	3,171,948,925	$	2,071,952,752

Other Information
Shares
Sold		137,366,579		87,667,616
Issued in reinvestment of distributions		5,225,037		3,675,772
Redeemed		(53,285,723)		(25,061,997)
Net increase (decrease)		89,305,893		66,281,391

Financial Highlights

Fidelity® SAI Emerging Markets Low Volatility Index Fund

Years ended October 31,		2023		2022		2021		2020		2019 A
Selected Per-Share Data
Net asset value, beginning of period	$	9.29	$	11.44	$	9.41	$	10.11	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.35		.33		.27		.24		.22
Net realized and unrealized gain (loss)		.70		(2.22)		1.95		(.75)		(.11)
Total from investment operations		1.05		(1.89)		2.22		(.51)		.11
Distributions from net investment income		(.18)		(.26)		(.19)		(.19)		-
Total distributions		(.18)		(.26)		(.19)		(.19)		-
Net asset value, end of period	$	10.16	$	9.29	$	11.44	$	9.41	$	10.11
Total Return D,E		11.41%		(16.88)%		23.79%		(5.10)%		1.10%
Ratios to Average Net Assets C,F,G
Expenses before reductions		.26%		.26%		.23%		.24%		.35% H
Expenses net of fee waivers, if any		.26%		.25%		.23%		.24%		.26% H
Expenses net of all reductions		.26%		.25%		.23%		.24%		.26% H
Net investment income (loss)		3.37%		3.09%		2.44%		2.59%		2.90% H
Supplemental Data
Net assets, end of period (000 omitted)	$	3,171,949	$	2,071,953	$	1,792,423	$	1,259,405	$	644,085
Portfolio turnover rate I		22%		21%		28%		30%		75% H

AFor the period January 30, 2019 (commencement of operations) through October 31, 2019.

BCalculated based on average shares outstanding during the period.

CNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

DTotal returns for periods of less than one year are not annualized.

ETotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

FFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

GExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

HAnnualized.

IAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Average Annual Total Returns

Periods ended October 31, 2023	Past 1 year	Past 5 years	Life of Fund A
Fidelity® SAI International Low Volatility Index Fund	13.07%	2.18%	2.56%

A From May 29, 2015

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® SAI International Low Volatility Index Fund on May 29, 2015, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity International Low Volatility Focus Index℠, Fidelity SAI International Low Volatility Index Fund Linked Index and MSCI ACWI (All Country World Index) ex USA Index performed over the same period.

Fidelity® SAI International Low Volatility Index Fund

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year, the fund gained 13.07%, versus 12.52% for the benchmark Fidelity International Low Volatility Focus Index NR. (The fund's relative performance was affected by differing methodologies (fund versus index) for valuing certain foreign stocks and for incorporating foreign exchange rates, as well as by required local capital gains tax.) From a regional standpoint, Europe ex U.K. gained approximately 15% and contributed most versus the benchmark, followed by Japan (+18%). By sector, consumer discretionary gained 43% and notably contributed. Health care stocks also helped (+12%), benefiting from pharmaceuticals, biotechnology & life sciences (+14%). Financials rose about 15%, boosted by insurance (+24%); consumer staples gained 11%, lifted by household & personal products (+23%); and utilities advanced 18%. Other notable contributors included the communication services (+14%), industrials (+8%), materials (+8%) and information technology (+4%) sectors. In contrast, Asia Pacific ex Japan returned roughly -2% and was a notable detractor. From a sector standpoint, real estate returned about -2% and detracted most. This group was hampered by the equity real estate investment trusts (REITs) industry (-6%). Energy (-5%) also hurt. The top individual contributor was Novo-Nordisk (+78%), from the pharmaceuticals, biotechnology & life sciences group. Also in pharmaceuticals, biotechnology & life sciences, Novartis (+25%) helped. Another notable contributor was Prosus (+76%), a stock in the consumer discretionary distribution & retail industry. Another notable contributor was L'oreal (+40%), a stock in the household & personal products group. Conversely, the biggest individual detractor was Roche (-20%), from the pharmaceuticals, biotechnology & life sciences group. Also in pharmaceuticals, biotechnology & life sciences, CSL (-17%) hurt. Another notable detractor was Trend Micro (-25%), a stock in the software & services industry.

Fidelity® SAI International Low Volatility Index Fund

Top Holdings (% of Fund's net assets)

Novo Nordisk A/S Series B (Denmark, Pharmaceuticals)	2.5
Toyota Motor Corp. (Japan, Automobiles)	2.1
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services)	2.1
Air Liquide SA (France, Chemicals)	2.0
GSK PLC (United States of America, Pharmaceuticals)	1.9
Novartis AG (Switzerland, Pharmaceuticals)	1.9
Tokio Marine Holdings, Inc. (Japan, Insurance)	1.9
Unilever PLC (United Kingdom, Personal Care Products)	1.9
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals)	1.9
Sanofi SA (United States of America, Pharmaceuticals)	1.9
	20.1

Market Sectors (% of Fund's net assets)

Health Care	17.2
Financials	14.5
Consumer Staples	13.8
Industrials	12.8
Communication Services	9.5
Utilities	8.0
Consumer Discretionary	7.8
Real Estate	6.2
Materials	6.0
Information Technology	3.4

Asset Allocation (% of Fund's net assets)

Futures - 0.8%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® SAI International Low Volatility Index Fund

Showing Percentage of Net Assets

Common Stocks - 99.2%
	Shares	Value ($)
Australia - 2.0%
ASX Ltd.	1,080,831	38,615,482
Insurance Australia Group Ltd.	13,760,071	49,639,983
Medibank Private Ltd.	15,522,664	33,874,780
TOTAL AUSTRALIA		122,130,245
Belgium - 0.5%
Elia Group SA/NV	154,969	14,700,152
Warehouses de Pauw	679,989	16,778,655
TOTAL BELGIUM		31,478,807
China - 0.0%
China Huishan Dairy Holdings Co. Ltd. (a)(b)	5,145,000	7
Denmark - 5.7%
Chr. Hansen Holding A/S	577,608	39,346,538
Coloplast A/S Series B	667,618	69,565,725
Novo Nordisk A/S Series B	1,585,356	152,949,177
Novozymes A/S Series B	606,047	27,201,769
Ringkjoebing Landbobank A/S	119,780	16,310,287
Tryg A/S	1,967,487	38,394,412
TOTAL DENMARK		343,767,908
Finland - 0.6%
Elisa Corp. (A Shares)	844,779	35,825,935
France - 4.6%
Air Liquide SA	723,368	123,950,736
bioMerieux SA	204,715	19,603,109
Hermes International SCA	15,574	28,996,183
Orange SA	9,194,913	108,151,010
TOTAL FRANCE		280,701,038
Germany - 5.7%
Beiersdorf AG	555,161	72,868,936
Deutsche Borse AG	573,934	94,467,505
Deutsche Telekom AG	1,397,316	30,326,879
Hannover Reuck SE	335,781	74,006,881
Symrise AG	740,798	75,701,608
TOTAL GERMANY		347,371,809
Hong Kong - 5.7%
CLP Holdings Ltd.	9,330,000	68,284,241
Hang Seng Bank Ltd.	4,075,000	46,589,825
Hong Kong & China Gas Co. Ltd.	60,578,015	42,168,894
Jardine Matheson Holdings Ltd.	1,352,576	54,807,921
Link (REIT)	9,495,829	43,577,716
MTR Corp. Ltd.	8,692,083	32,492,620
Power Assets Holdings Ltd.	7,632,500	36,489,674
Sino Land Ltd.	19,234,000	19,201,849
TOTAL HONG KONG		343,612,740
Ireland - 0.2%
Kerry Group PLC Class A	168,488	12,992,839
Israel - 0.7%
Elbit Systems Ltd. (Israel)	139,468	25,888,877
Mizrahi Tefahot Bank Ltd.	499,340	15,442,232
TOTAL ISRAEL		41,331,109
Italy - 0.4%
Recordati SpA	565,199	26,074,416
Japan - 30.5%
Advance Residence Investment Corp.	7,780	16,915,309
Ajinomoto Co., Inc.	2,231,900	81,514,983
Alfresa Holdings Corp.	556,900	8,821,627
Bridgestone Corp.	250,100	9,465,086
Canon, Inc.	2,110,200	49,886,598
Chubu Electric Power Co., Inc.	4,124,000	49,835,062
Daiwa House REIT Investment Corp.	11,993	21,224,583
FUJIFILM Holdings Corp.	1,776,510	97,171,196
Hankyu Hanshin Holdings, Inc.	1,360,540	42,807,488
Japan Post Bank Co. Ltd.	7,686,100	71,244,043
Japan Post Holdings Co. Ltd.	11,516,600	101,935,768
Japan Real Estate Investment Corp.	7,714	28,652,279
Kansai Electric Power Co., Inc.	4,608,700	59,009,069
KDDI Corp.	965,400	28,879,692
Kintetsu Group Holdings Co. Ltd.	1,073,200	30,196,381
Kyushu Railway Co.	888,000	18,156,313
McDonald's Holdings Co. (Japan) Ltd. (c)	489,300	19,037,588
Medipal Holdings Corp.	1,176,300	19,777,119
Nagoya Railroad Co. Ltd.	1,107,900	15,509,269
Nippon Building Fund, Inc.	9,413	37,820,808
Nippon Prologis REIT, Inc.	14,705	26,165,722
Nippon Telegraph & Telephone Corp.	85,089,500	100,131,253
Oriental Land Co. Ltd.	2,997,700	96,961,708
Osaka Gas Co. Ltd.	2,350,260	44,320,703
Otsuka Holdings Co. Ltd.	1,024,160	34,458,850
Pan Pacific International Holdings Ltd.	3,001,600	58,128,575
Secom Co. Ltd.	1,197,670	83,183,987
Sega Sammy Holdings, Inc.	604,100	9,447,869
Sekisui House Ltd.	1,302,400	25,504,574
Seven & i Holdings Co. Ltd.	1,553,200	56,907,245
Skylark Holdings Co. Ltd. (a)	1,282,400	18,920,260
SoftBank Corp.	8,682,000	98,166,230
Sohgo Security Services Co., Ltd.	2,446,300	14,326,070
Suntory Beverage & Food Ltd.	200,700	6,039,678
Tobu Railway Co. Ltd.	1,181,700	28,442,871
Tokio Marine Holdings, Inc.	5,109,100	114,301,991
Tokyo Gas Co. Ltd.	1,432,300	32,165,391
Toyota Motor Corp.	7,377,100	129,053,139
Trend Micro, Inc.	785,400	29,597,499
Zensho Holdings Co. Ltd.	505,600	26,575,278
TOTAL JAPAN		1,840,659,154
Netherlands - 4.2%
ASML Holding NV (Netherlands)	13,016	7,824,183
Koninklijke Ahold Delhaize NV	3,158,103	93,564,486
Koninklijke KPN NV	12,119,044	40,734,278
Wolters Kluwer NV	864,771	110,808,219
TOTAL NETHERLANDS		252,931,166
Norway - 0.8%
Gjensidige Forsikring ASA	1,059,930	15,873,877
Orkla ASA	2,733,899	18,829,749
Telenor ASA	1,279,731	13,076,891
TOTAL NORWAY		47,780,517
Singapore - 2.2%
CapitaLand Ascendas REIT	19,029,999	36,157,855
CapitaMall Trust	18,562,500	23,856,912
Mapletree Industrial (REIT)	11,305,910	17,771,794
Singapore Exchange Ltd.	4,633,300	32,079,409
Singapore Technologies Engineering Ltd.	8,789,700	24,129,992
TOTAL SINGAPORE		133,995,962
Spain - 0.6%
Redeia Corp. SA	2,440,978	37,980,057
Sweden - 1.1%
Axfood AB	604,939	13,364,267
Ericsson (B Shares)	5,427,407	24,313,319
Telia Co. AB (c)	13,264,606	28,120,265
TOTAL SWEDEN		65,797,851
Switzerland - 11.0%
Allreal Holding AG	86,418	13,851,200
Banque Cantonale Vaudoise	159,612	18,002,739
Barry Callebaut AG	1,609	2,432,117
BKW AG	71,725	12,032,359
DKSH Holding AG	198,599	12,160,682
Galenica AG (d)	279,854	21,089,421
Givaudan SA	30,693	101,899,478
Lindt & Spruengli AG	773	84,127,961
Novartis AG	1,228,510	115,012,574
PSP Swiss Property AG	257,684	31,642,173
Sandoz Group AG	245,879	6,392,611
SGS SA (Reg.)	647,279	52,641,896
Swiss Prime Site AG	430,903	39,980,447
Swisscom AG	143,235	85,659,144
Zurich Insurance Group Ltd.	137,457	65,067,866
TOTAL SWITZERLAND		661,992,668
United Kingdom - 13.7%
Admiral Group PLC	1,553,054	46,115,521
AstraZeneca PLC (United Kingdom)	901,970	112,930,028
Bunzl PLC	1,882,334	67,080,725
Diageo PLC	2,554,069	96,584,737
National Grid PLC	8,204,637	97,823,699
Pearson PLC	4,032,816	46,682,816
Reckitt Benckiser Group PLC	1,077,314	72,079,806
RELX PLC (London Stock Exchange)	3,611,883	126,154,822
Smith & Nephew PLC	4,683,170	52,409,982
Unilever PLC	2,389,080	113,148,464
TOTAL UNITED KINGDOM		831,010,600
United States of America - 9.0%
CSL Ltd.	459,338	67,886,540
Experian PLC	1,032,716	31,267,397
GSK PLC	6,578,292	117,269,727
Nestle SA (Reg. S)	997,037	107,519,254
Roche Holding AG (participation certificate)	409,732	105,591,887
Sanofi SA	1,238,183	112,434,718
TOTAL UNITED STATES OF AMERICA		541,969,523
TOTAL COMMON STOCKS (Cost $6,038,736,054)		5,999,404,351

Government Obligations - 0.0%
	Principal Amount (e)	Value ($)
United States of America - 0.0%
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (f) (Cost $2,851,787)	2,900,000	2,851,619

Money Market Funds - 0.8%
	Shares	Value ($)
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h) (Cost $45,398,400)	45,393,861	45,398,400

TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $6,086,986,241)	6,047,654,370
NET OTHER ASSETS (LIABILITIES) - 0.0%	(1,960,508)
NET ASSETS - 100.0%	6,045,693,862

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)	469	Dec 2023	46,292,645	(1,927,253)	(1,927,253)

The notional amount of futures purchased as a percentage of Net Assets is 0.8%

Legend

(a)	Non-income producing

(b)	Level 3 security

(c)	Security or a portion of the security is on loan at period end.

(d)

(e)	Amount is stated in United States dollars unless otherwise noted.

(f)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,534,958.

(g)

(h)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	-	657,037,047	657,037,047	578,902	-	-	-	0.0%
Fidelity Securities Lending Cash Central Fund 5.40%	50,539,138	439,954,515	445,095,253	372,339	-	-	45,398,400	0.2%
Total	50,539,138	1,096,991,562	1,102,132,300	951,241	-	-	45,398,400

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	569,071,577	134,561,970	434,509,607	-
Consumer Discretionary	468,773,076	28,996,183	439,776,893	-
Consumer Staples	831,974,529	298,180,355	533,794,167	7
Financials	871,962,601	289,213,815	582,748,786	-
Health Care	1,042,267,511	142,725,282	899,542,229	-
Industrials	770,055,530	299,847,796	470,207,734	-
Information Technology	208,792,795	-	208,792,795	-
Materials	368,100,129	168,447,785	199,652,344	-
Real Estate	373,597,302	102,252,475	271,344,827	-
Utilities	494,809,301	64,712,568	430,096,733	-

Government Obligations	2,851,619	-	2,851,619	-

Money Market Funds	45,398,400	45,398,400	-	-
Total Investments in Securities:	6,047,654,370	1,574,336,629	4,473,317,734	7
Derivative Instruments: Liabilities
Futures Contracts	(1,927,253)	(1,927,253)	-	-
Total Liabilities	(1,927,253)	(1,927,253)	-	-
Total Derivative Instruments:	(1,927,253)	(1,927,253)	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	0	(1,927,253)
Total Equity Risk	0	(1,927,253)
Total Value of Derivatives	0	(1,927,253)

Fidelity® SAI International Low Volatility Index Fund

Fidelity® SAI U.S. Low Volatility Index Fund

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $42,878,310) - See accompanying schedule:
Unaffiliated issuers (cost $6,041,587,841)	$	6,002,255,970
Fidelity Central Funds (cost $45,398,400)		45,398,400


Total Investment in Securities (cost $6,086,986,241)			$	6,047,654,370
Foreign currency held at value (cost $4,803,582)				4,787,318
Receivable for fund shares sold				5,148,271
Dividends receivable				17,311,228
Reclaims receivable				24,752,422
Distributions receivable from Fidelity Central Funds				75,898
Receivable for daily variation margin on futures contracts				141,111
Prepaid expenses				7,475
Total assets				6,099,878,093
Liabilities
Payable to custodian bank	$	1,737,495
Payable for fund shares redeemed		6,051,852
Accrued management fee		754,437
Other payables and accrued expenses		242,047
Collateral on securities loaned		45,398,400
Total Liabilities				54,184,231
Net Assets			$	6,045,693,862
Net Assets consist of:
Paid in capital			$	6,236,367,763
Total accumulated earnings (loss)				(190,673,901)
Net Assets			$	6,045,693,862
Net Asset Value, offering price and redemption price per share ($6,045,693,862 ÷ 597,595,058 shares)			$	10.12

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	174,510,343
Interest				127,275
Income from Fidelity Central Funds (including $372,339 from security lending)				951,241
Income before foreign taxes withheld			$	175,588,859
Less foreign taxes withheld				(14,417,820)
Total Income				161,171,039
Expenses
Management fee	$	8,631,686
Custodian fees and expenses		467,180
Independent trustees' fees and expenses		19,807
Registration fees		151,158
Audit		57,940
Legal		6,984
Interest		392,278
Miscellaneous		33,136
Total expenses before reductions		9,760,169
Expense reductions		(57,981)
Total expenses after reductions				9,702,188
Net Investment income (loss)				151,468,851
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(166,070,175)
Foreign currency transactions		(1,239,676)
Futures contracts		7,334,337
Total net realized gain (loss)				(159,975,514)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		651,159,946
Assets and liabilities in foreign currencies		2,673,747
Futures contracts		(4,359,914)
Total change in net unrealized appreciation (depreciation)				649,473,779
Net gain (loss)				489,498,265
Net increase (decrease) in net assets resulting from operations			$	640,967,116

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	151,468,851	$	139,463,048
Net realized gain (loss)		(159,975,514)		(61,447,136)
Change in net unrealized appreciation (depreciation)		649,473,779		(1,303,036,818)
Net increase (decrease) in net assets resulting from operations		640,967,116		(1,225,020,906)
Distributions to shareholders		(105,861,928)		(141,537,086)

Share transactions
Proceeds from sales of shares		1,822,038,768		2,573,305,678
Reinvestment of distributions		98,129,051		136,529,604
Cost of shares redeemed		(1,904,398,706)		(1,787,195,386)

Net increase (decrease) in net assets resulting from share transactions		15,769,113		922,639,896
Total increase (decrease) in net assets		550,874,301		(443,918,096)

Net Assets
Beginning of period		5,494,819,561		5,938,737,657
End of period	$	6,045,693,862	$	5,494,819,561

Other Information
Shares
Sold		175,043,162		254,202,230
Issued in reinvestment of distributions		9,952,236		12,222,883
Redeemed		(189,480,961)		(173,081,629)
Net increase (decrease)		(4,485,563)		93,343,484

Financial Highlights

Fidelity® SAI International Low Volatility Index Fund

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	9.13	$	11.67	$	9.64	$	11.54	$	10.49
Income from Investment Operations
Net investment income (loss) A,B		.27		.26		.27		.24		.28
Net realized and unrealized gain (loss)		.92		(2.52)		1.90		(1.46)		1.04
Total from investment operations		1.19		(2.26)		2.17		(1.22)		1.32
Distributions from net investment income		(.20)		(.28)		(.14)		(.22)		(.24)
Distributions from net realized gain		-		-		-		(.46)		(.03)
Total distributions		(.20)		(.28)		(.14)		(.68)		(.27)
Net asset value, end of period	$	10.12	$	9.13	$	11.67	$	9.64	$	11.54
Total Return C		13.07%		(19.80)%		22.69%		(11.31)%		12.89%
Ratios to Average Net Assets B,D,E
Expenses before reductions		.17%		.17%		.17%		.18%		.25%
Expenses net of fee waivers, if any		.17%		.17%		.17%		.18%		.20%
Expenses net of all reductions		.17%		.17%		.17%		.18%		.20%
Net investment income (loss)		2.63%		2.46%		2.37%		2.39%		2.59%
Supplemental Data
Net assets, end of period (000 omitted)	$	6,045,694	$	5,494,820	$	5,938,738	$	4,603,961	$	2,548,056
Portfolio turnover rate F		37%		26%		26%		20%		93%

ACalculated based on average shares outstanding during the period.

BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

DFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

EExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

FAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Average Annual Total Returns

Periods ended October 31, 2023	Past 1 year	Past 5 years	Life of Fund A
Fidelity® SAI U.S. Low Volatility Index Fund	6.39%	8.98%	9.70%

A From May 29, 2015

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® SAI U.S. Low Volatility Index Fund on May 29, 2015, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity U.S. Low Volatility Focus Index℠, Fidelity SAI U.S. Low Volatility Index Fund Linked Index and S&P 500® Index performed over the same period.

Fidelity® SAI U.S. Low Volatility Index Fund

Market Recap:

U.S. equities gained 10.14% for the 12 months ending October 31, 2023, according to the S&P 500® index, as global economic expansion and a slowing in the pace of inflation provided a favorable backdrop for higher-risk assets through July. After returning -18.11% in 2022, the index's upturn has been driven by a narrow set of companies in the information technology and communication services sectors, largely due to excitement for generative artificial intelligence. Monetary tightening by the U.S. Federal Reserve continued amid consistent pressure on core inflation. Since March 2022, the Fed has hiked its benchmark interest rate 11 times. The latest bump came in late July, a fourth consecutive raise of 25 basis points, followed by the decision to hold rates in September at a 22-year high so the Fed can observe the pause's effect on inflation and the economy. The year-to-date equity rally sputtered in August and continued to lose steam through October amid a stalling pattern in disinflationary trends, soaring yields on longer-term government bonds and mixed earnings from some big and influential firms. The S&P 500® closed at its 2023 high on July 31 before returning -3.27% in Q3 and -2.10% in October. Still, U.S. stocks ended October up 10.69% year to date. By sector for the full 12 months, communications services (+36%) and tech (+33%) led. In contrast, two defensive, rate-sensitive sectors lagged most: utilities (-8%) and real estate (-7%).

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending October 31, 2023, the fund gained 6.39%, versus 6.46% for the benchmark Fidelity U.S. Low Volatility Focus Index TR. By sector, information technology gained 25% and contributed most, driven by the software & services industry (+36%). Financials stocks also helped, gaining about 10% and benefitting from the financial services industry (+14%). The health care sector rose approximately 5%, boosted by the pharmaceuticals, biotechnology & life sciences industry (+11%). Other notable contributors included the materials (+21%), communication services (+5%) and consumer discretionary (+4%) sectors. Conversely, consumer staples returned roughly -6% and detracted most. This group was hampered by the food, beverage & tobacco industry (-17%). Real estate (-7%), hampered by the equity real estate investment trusts (REITs) industry (-8%), and utilities (-6%) also hurt. Other notable detractors included the energy (-8%) and industrials (-1%) sectors. Turning to individual stocks, the top contributor was Microsoft (+47%), from the software & services group. Other notable contributors were Eli Lilly (+55%), a stock in the pharmaceuticals, biotechnology & life sciences industry and Intel (+33%), a stock in the semiconductors & semiconductor equipment group. Apple (+12%), a stock in the technology hardware & equipment category, also helped lift the fund. In contrast, the biggest individual detractor was Dollar General (-53%), from the consumer staples distribution & retail industry. Other notable detractors were Johnson & Johnson (-12%), a stock in the pharmaceuticals, biotechnology & life sciences category and Chevron (-16%), from the energy industry. Medtronic (-16%), a stock in the health care equipment & services category also hurt. Lastly, Crown Castle (-26%), a stock in the equity real estate investment trusts (REITs) group, detracted.

Fidelity® SAI U.S. Low Volatility Index Fund

Top Holdings (% of Fund's net assets)

Microsoft Corp.	8.4
Apple, Inc.	4.4
Eli Lilly & Co.	3.6
UnitedHealth Group, Inc.	3.3
Visa, Inc. Class A	3.0
Procter & Gamble Co.	2.8
Merck & Co., Inc.	2.7
Cisco Systems, Inc.	2.6
Johnson & Johnson	2.6
The Home Depot, Inc.	2.5
	35.9

Market Sectors (% of Fund's net assets)

Information Technology	25.1
Health Care	15.4
Financials	12.6
Industrials	9.0
Consumer Discretionary	8.5
Consumer Staples	7.9
Communication Services	5.8
Real Estate	4.5
Materials	4.4
Utilities	4.3
Energy	2.3

Asset Allocation (% of Fund's net assets)

Futures - 0.2%

Fidelity® SAI U.S. Low Volatility Index Fund

Showing Percentage of Net Assets

Common Stocks - 99.8%
	Shares	Value ($)
COMMUNICATION SERVICES - 5.8%
Diversified Telecommunication Services - 3.2%
AT&T, Inc.	8,486,018	130,684,677
Verizon Communications, Inc.	4,990,229	175,306,745
		305,991,422
Interactive Media & Services - 1.4%
Alphabet, Inc. Class A (a)	1,072,289	133,049,619
Media - 0.2%
Omnicom Group, Inc.	236,829	17,740,860
Wireless Telecommunication Services - 1.0%
T-Mobile U.S., Inc.	683,663	98,351,759
TOTAL COMMUNICATION SERVICES		555,133,660
CONSUMER DISCRETIONARY - 8.5%
Automobile Components - 0.1%
Gentex Corp.	277,411	7,956,147
Broadline Retail - 0.8%
Amazon.com, Inc. (a)	570,360	75,909,212
Diversified Consumer Services - 0.1%
Service Corp. International (b)	179,442	9,765,234
Hotels, Restaurants & Leisure - 2.8%
Domino's Pizza, Inc.	41,948	14,219,953
McDonald's Corp.	859,397	225,308,111
Yum China Holdings, Inc.	495,977	26,068,551
Yum! Brands, Inc.	49,617	5,996,711
		271,593,326
Household Durables - 0.2%
Garmin Ltd.	181,652	18,624,780
Specialty Retail - 4.5%
AutoZone, Inc. (a)	21,839	54,098,042
O'Reilly Automotive, Inc. (a)	72,265	67,238,247
The Home Depot, Inc.	845,718	240,767,457
TJX Companies, Inc.	450,638	39,687,689
Tractor Supply Co. (b)	130,060	25,044,354
		426,835,789
TOTAL CONSUMER DISCRETIONARY		810,684,488
CONSUMER STAPLES - 7.9%
Beverages - 1.1%
PepsiCo, Inc.	478,047	78,055,514
The Coca-Cola Co.	435,761	24,616,139
		102,671,653
Consumer Staples Distribution & Retail - 0.4%
Dollar General Corp.	260,086	30,960,637
Walmart, Inc.	56,146	9,174,818
		40,135,455
Food Products - 1.6%
Campbell Soup Co.	238,175	9,624,652
Flowers Foods, Inc.	228,813	5,017,869
General Mills, Inc.	697,202	45,485,458
Hormel Foods Corp.	343,836	11,191,862
Kellanova	305,146	15,400,719
McCormick & Co., Inc. (non-vtg.)	282,595	18,057,821
The Hershey Co.	174,830	32,754,401
The J.M. Smucker Co.	126,579	14,409,753
WK Kellogg Co. (b)	76,286	764,386
		152,706,921
Household Products - 4.6%
Church & Dwight Co., Inc.	289,947	26,367,780
Colgate-Palmolive Co.	984,715	73,971,791
Kimberly-Clark Corp.	400,479	47,913,308
Procter & Gamble Co.	1,831,275	274,746,188
The Clorox Co.	146,744	17,271,769
		440,270,836
Personal Care Products - 0.2%
Kenvue, Inc.	1,054,737	19,618,108
TOTAL CONSUMER STAPLES		755,402,973
ENERGY - 2.3%
Oil, Gas & Consumable Fuels - 2.3%
Chesapeake Energy Corp. (b)	123,217	10,606,519
Chevron Corp.	646,293	94,184,279
Coterra Energy, Inc.	899,113	24,725,608
DT Midstream, Inc. (b)	115,011	6,207,144
Kinder Morgan, Inc.	2,341,126	37,926,241
The Williams Companies, Inc.	1,446,015	49,742,916
		223,392,707
FINANCIALS - 12.6%
Banks - 0.4%
Commerce Bancshares, Inc.	134,719	5,908,775
First Financial Bankshares, Inc.	154,177	3,707,957
M&T Bank Corp.	196,891	22,199,460
Prosperity Bancshares, Inc.	111,912	6,103,680
		37,919,872
Capital Markets - 1.7%
Cboe Global Markets, Inc.	125,319	20,538,531
CME Group, Inc.	426,990	91,145,285
FactSet Research Systems, Inc.	45,485	19,644,517
Houlihan Lokey	59,886	6,019,741
NASDAQ, Inc.	401,960	19,937,216
SEI Investments Co.	120,260	6,453,152
		163,738,442
Financial Services - 4.1%
Fiserv, Inc. (a)	732,760	83,351,450
Jack Henry & Associates, Inc.	86,504	12,196,199
The Western Union Co.	444,502	5,018,428
Visa, Inc. Class A	1,220,411	286,918,626
		387,484,703
Insurance - 6.4%
Arch Capital Group Ltd. (a)	442,074	38,318,974
Arthur J. Gallagher & Co.	254,260	59,875,687
Assurant, Inc.	63,093	9,394,548
Brown & Brown, Inc.	279,454	19,399,697
Chubb Ltd.	491,633	105,514,274
Erie Indemnity Co. Class A	29,607	8,177,157
Globe Life, Inc.	105,486	12,274,351
Hanover Insurance Group, Inc. (b)	42,408	4,970,642
Hartford Financial Services Group, Inc.	368,256	27,048,403
Marsh & McLennan Companies, Inc.	587,245	111,371,014
Progressive Corp.	694,842	109,847,572
RLI Corp. (b)	48,127	6,412,441
Ryan Specialty Group Holdings, Inc. (a)(b)	110,517	4,774,334
Selective Insurance Group, Inc.	71,806	7,475,723
The Travelers Companies, Inc.	274,175	45,907,862
W.R. Berkley Corp.	238,350	16,069,557
Willis Towers Watson PLC	126,315	29,796,445
		616,628,681
TOTAL FINANCIALS		1,205,771,698
HEALTH CARE - 15.4%
Biotechnology - 1.2%
Amgen, Inc.	436,574	111,631,972
Health Care Equipment & Supplies - 1.4%
Medtronic PLC	1,524,031	107,535,627
ResMed, Inc.	174,410	24,630,180
		132,165,807
Health Care Providers & Services - 3.4%
Chemed Corp.	17,829	10,031,487
UnitedHealth Group, Inc.	593,987	318,115,678
		328,147,165
Pharmaceuticals - 9.4%
Eli Lilly & Co.	631,569	349,845,016
Johnson & Johnson	1,655,868	245,631,459
Merck & Co., Inc.	2,490,794	255,804,544
Zoetis, Inc. Class A	326,153	51,206,021
		902,487,040
TOTAL HEALTH CARE		1,474,431,984
INDUSTRIALS - 9.0%
Aerospace & Defense - 3.3%
General Dynamics Corp.	267,027	64,436,285
Huntington Ingalls Industries, Inc.	47,351	10,408,697
L3Harris Technologies, Inc.	224,885	40,346,618
Lockheed Martin Corp.	267,549	121,638,477
Northrop Grumman Corp.	169,444	79,880,985
		316,711,062
Air Freight & Logistics - 0.1%
C.H. Robinson Worldwide, Inc.	138,216	11,310,215
Building Products - 0.2%
Lennox International, Inc. (b)	38,349	14,209,838
Commercial Services & Supplies - 1.2%
Republic Services, Inc.	244,032	36,236,312
Rollins, Inc.	274,926	10,339,967
Waste Management, Inc.	439,440	72,213,175
		118,789,454
Construction & Engineering - 0.0%
MDU Resources Group, Inc.	241,723	4,498,465
Ground Transportation - 0.1%
Landstar System, Inc.	42,653	7,028,361
Machinery - 1.5%
Graco, Inc. (b)	199,823	14,856,840
IDEX Corp.	89,710	17,171,391
Nordson Corp.	63,892	13,582,800
Otis Worldwide Corp.	490,585	37,878,068
PACCAR, Inc.	620,313	51,194,432
Toro Co. (b)	123,789	10,007,103
		144,690,634
Professional Services - 2.6%
Automatic Data Processing, Inc.	490,386	107,012,033
Booz Allen Hamilton Holding Corp. Class A	157,014	18,830,689
Exponent, Inc. (b)	60,342	4,422,465
FTI Consulting, Inc. (a)(b)	40,335	8,561,507
Leidos Holdings, Inc.	162,820	16,138,718
Maximus, Inc.	72,152	5,391,197
Paychex, Inc.	380,850	42,293,393
Science Applications International Corp.	64,090	7,001,192
Verisk Analytics, Inc.	171,870	39,076,363
		248,727,557
TOTAL INDUSTRIALS		865,965,586
INFORMATION TECHNOLOGY - 25.1%
Communications Equipment - 3.2%
Cisco Systems, Inc.	4,728,905	246,517,818
Juniper Networks, Inc.	381,737	10,276,360
Motorola Solutions, Inc.	199,084	55,436,931
		312,231,109
Electronic Equipment, Instruments & Components - 0.3%
Badger Meter, Inc.	34,798	4,821,263
Teledyne Technologies, Inc. (a)	55,845	20,918,979
		25,740,242
IT Services - 1.5%
Accenture PLC Class A	170,729	50,721,879
Akamai Technologies, Inc. (a)	180,667	18,668,321
Amdocs Ltd.	143,412	11,495,906
IBM Corp.	280,906	40,630,244
VeriSign, Inc. (a)	107,501	21,463,650
		142,980,000
Semiconductors & Semiconductor Equipment - 4.1%
Intel Corp.	4,951,069	180,714,019
NVIDIA Corp.	138,609	56,524,750
Texas Instruments, Inc.	1,077,405	153,002,284
		390,241,053
Software - 11.6%
Aspen Technology, Inc. (a)(b)	34,650	6,159,038
Check Point Software Technologies Ltd. (a)(b)	116,111	15,587,902
Dolby Laboratories, Inc. Class A	70,533	5,708,941
Microsoft Corp.	2,376,434	803,496,096
Oracle Corp.	1,826,693	188,880,056
Qualys, Inc. (a)(b)	39,855	6,095,822
Roper Technologies, Inc.	126,527	61,817,296
SPS Commerce, Inc. (a)(b)	43,365	6,953,144
Tyler Technologies, Inc. (a)	49,766	18,557,741
		1,113,256,036
Technology Hardware, Storage & Peripherals - 4.4%
Apple, Inc.	2,465,608	421,051,878
TOTAL INFORMATION TECHNOLOGY		2,405,500,318
MATERIALS - 4.4%
Chemicals - 3.5%
Air Products & Chemicals, Inc.	263,665	74,469,543
Balchem Corp.	38,255	4,446,761
Ecolab, Inc.	139,010	23,317,537
FMC Corp.	148,424	7,896,157
Linde PLC	581,162	222,096,870
		332,226,868
Construction Materials - 0.6%
Martin Marietta Materials, Inc.	64,170	26,241,680
Vulcan Materials Co.	157,944	31,034,417
		57,276,097
Containers & Packaging - 0.3%
Aptargroup, Inc.	77,775	9,509,549
Packaging Corp. of America	106,751	16,338,241
Sonoco Products Co.	116,276	6,024,260
		31,872,050
TOTAL MATERIALS		421,375,015
REAL ESTATE - 4.5%
Equity Real Estate Investment Trusts (REITs) - 4.2%
Agree Realty Corp.	110,628	6,188,530
American Homes 4 Rent Class A	372,959	12,210,678
American Tower Corp.	553,203	98,575,243
Crown Castle International Corp.	514,777	47,863,965
CubeSmart	266,697	9,091,701
Digital Realty Trust, Inc.	237,437	29,527,665
Equinix, Inc.	111,014	81,000,255
Equity Lifestyle Properties, Inc.	207,773	13,671,463
Essex Property Trust, Inc.	9,841	2,105,187
Extra Space Storage, Inc.	250,706	25,970,635
Mid-America Apartment Communities, Inc.	29,550	3,491,333
Public Storage	187,823	44,835,228
Realty Income Corp.	169,514	8,031,573
Sun Communities, Inc.	147,675	16,427,367
		398,990,823
Real Estate Management & Development - 0.3%
CoStar Group, Inc. (a)	401,348	29,462,957
TOTAL REAL ESTATE		428,453,780
UTILITIES - 4.3%
Electric Utilities - 2.9%
Alliant Energy Corp.	298,403	14,559,082
American Electric Power Co., Inc.	611,068	46,160,077
Duke Energy Corp.	914,781	81,314,883
Evergy, Inc.	272,636	13,397,333
Eversource Energy	414,083	22,273,525
Exelon Corp.	1,078,608	42,000,996
Hawaiian Electric Industries, Inc. (b)	130,064	1,688,231
IDACORP, Inc.	60,073	5,689,514
Pinnacle West Capital Corp.	134,437	9,972,537
Xcel Energy, Inc.	653,285	38,720,202
		275,776,380
Gas Utilities - 0.2%
Atmos Energy Corp.	171,509	18,464,659
Multi-Utilities - 1.2%
Ameren Corp.	311,723	23,600,548
CMS Energy Corp.	346,202	18,812,617
Consolidated Edison, Inc.	411,351	36,112,504
DTE Energy Co.	24,666	2,377,309
WEC Energy Group, Inc.	374,428	30,474,695
		111,377,673
Water Utilities - 0.0%
American Water Works Co., Inc.	22,626	2,661,949
TOTAL UTILITIES		408,280,661
TOTAL COMMON STOCKS (Cost $8,110,374,299)		9,554,392,870

U.S. Treasury Obligations - 0.0%
	Principal Amount (c)	Value ($)
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (d) (Cost $688,362)	700,000	688,322

Money Market Funds - 0.5%
	Shares	Value ($)
Fidelity Securities Lending Cash Central Fund 5.40% (e)(f) (Cost $51,820,121)	51,814,939	51,820,121

TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $8,162,882,782)	9,606,901,313
NET OTHER ASSETS (LIABILITIES) - (0.3)%	(32,140,853)
NET ASSETS - 100.0%	9,574,760,460

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)	73	Dec 2023	15,374,713	30,470	30,470
CME E-mini S&P MidCap 400 Index Contracts (United States)	21	Dec 2023	4,987,710	(22,684)	(22,684)

TOTAL FUTURES CONTRACTS					7,786
The notional amount of futures purchased as a percentage of Net Assets is 0.2%

Legend

(a)	Non-income producing

(b)	Security or a portion of the security is on loan at period end.

(c)	Amount is stated in United States dollars unless otherwise noted.

(d)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $688,322.

(e)

(f)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	17,178,803	2,629,037,802	2,646,216,605	1,224,292	-	-	-	0.0%
Fidelity Securities Lending Cash Central Fund 5.40%	246,547,154	433,603,816	628,330,849	265,405	-	-	51,820,121	0.2%
Total	263,725,957	3,062,641,618	3,274,547,454	1,489,697	-	-	51,820,121

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	555,133,660	555,133,660	-	-
Consumer Discretionary	810,684,488	810,684,488	-	-
Consumer Staples	755,402,973	755,402,973	-	-
Energy	223,392,707	223,392,707	-	-
Financials	1,205,771,698	1,205,771,698	-	-
Health Care	1,474,431,984	1,474,431,984	-	-
Industrials	865,965,586	865,965,586	-	-
Information Technology	2,405,500,318	2,405,500,318	-	-
Materials	421,375,015	421,375,015	-	-
Real Estate	428,453,780	428,453,780	-	-
Utilities	408,280,661	408,280,661	-	-

U.S. Government and Government Agency Obligations	688,322	-	688,322	-

Money Market Funds	51,820,121	51,820,121	-	-
Total Investments in Securities:	9,606,901,313	9,606,212,991	688,322	-
Derivative Instruments: Assets
Futures Contracts	30,470	30,470	-	-
Total Assets	30,470	30,470	-	-
Liabilities
Futures Contracts	(22,684)	(22,684)	-	-
Total Liabilities	(22,684)	(22,684)	-	-
Total Derivative Instruments:	7,786	7,786	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	30,470	(22,684)
Total Equity Risk	30,470	(22,684)
Total Value of Derivatives	30,470	(22,684)

Fidelity® SAI U.S. Low Volatility Index Fund

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $50,908,730) - See accompanying schedule:
Unaffiliated issuers (cost $8,111,062,661)	$	9,555,081,192
Fidelity Central Funds (cost $51,820,121)		51,820,121


Total Investment in Securities (cost $8,162,882,782)			$	9,606,901,313
Segregated cash with brokers for derivative instruments				13,181
Receivable for investments sold				12,082,732
Receivable for fund shares sold				3,175,409
Dividends receivable				12,554,790
Distributions receivable from Fidelity Central Funds				86,215
Receivable for daily variation margin on futures contracts				79,123
Prepaid expenses				10,572
Total assets				9,634,903,335
Liabilities
Payable to custodian bank	$	578,749
Payable for fund shares redeemed		6,665,589
Accrued management fee		796,385
Other payables and accrued expenses		285,960
Collateral on securities loaned		51,816,192
Total Liabilities				60,142,875
Net Assets			$	9,574,760,460
Net Assets consist of:
Paid in capital			$	8,087,266,018
Total accumulated earnings (loss)				1,487,494,442
Net Assets			$	9,574,760,460
Net Asset Value, offering price and redemption price per share ($9,574,760,460 ÷ 550,615,013 shares)			$	17.39

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	174,005,815
Interest				55,851
Income from Fidelity Central Funds (including $265,405 from security lending)				1,489,697
Total Income				175,551,363
Expenses
Management fee	$	8,268,215
Custodian fees and expenses		110,751
Independent trustees' fees and expenses		27,863
Registration fees		353,608
Audit		46,946
Legal		10,980
Interest		650,452
Miscellaneous		43,626
Total expenses before reductions		9,512,441
Expense reductions		(2,884)
Total expenses after reductions				9,509,557
Net Investment income (loss)				166,041,806
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(27,383,730)
Futures contracts		2,537,728
Total net realized gain (loss)				(24,846,002)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		313,395,961
Futures contracts		(1,232,581)
Total change in net unrealized appreciation (depreciation)				312,163,380
Net gain (loss)				287,317,378
Net increase (decrease) in net assets resulting from operations			$	453,359,184

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	166,041,806	$	144,362,325
Net realized gain (loss)		(24,846,002)		178,740,822
Change in net unrealized appreciation (depreciation)		312,163,380		(1,000,149,044)
Net increase (decrease) in net assets resulting from operations		453,359,184		(677,045,897)
Distributions to shareholders		(303,046,026)		(268,770,756)

Share transactions
Proceeds from sales of shares		5,108,381,896		3,039,157,235
Reinvestment of distributions		300,330,158		267,624,606
Cost of shares redeemed		(3,696,540,350)		(2,464,734,875)

Net increase (decrease) in net assets resulting from share transactions		1,712,171,704		842,046,966
Total increase (decrease) in net assets		1,862,484,862		(103,769,687)

Net Assets
Beginning of period		7,712,275,598		7,816,045,285
End of period	$	9,574,760,460	$	7,712,275,598

Other Information
Shares
Sold		294,395,239		172,683,980
Issued in reinvestment of distributions		17,887,442		14,640,296
Redeemed		(215,136,108)		(139,598,293)
Net increase (decrease)		97,146,573		47,725,983

Financial Highlights

Fidelity® SAI U.S. Low Volatility Index Fund

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	17.01	$	19.26	$	14.87	$	15.12	$	13.18
Income from Investment Operations
Net investment income (loss) A,B		.35		.33		.31		.30		.29
Net realized and unrealized gain (loss)		.71		(1.90)		4.30		.03		1.98
Total from investment operations		1.06		(1.57)		4.61		.33		2.27
Distributions from net investment income		(.35)		(.34)		(.22)		(.24)		(.20)
Distributions from net realized gain		(.34)		(.35)		-		(.34)		(.13)
Total distributions		(.68) C		(.68) C		(.22)		(.58)		(.33)
Net asset value, end of period	$	17.39	$	17.01	$	19.26	$	14.87	$	15.12
Total Return D		6.39%		(8.39)%		31.25%		2.16%		17.62%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.11%		.11%		.11%		.12%		.19%
Expenses net of fee waivers, if any		.11%		.11%		.11%		.12%		.15%
Expenses net of all reductions		.11%		.11%		.11%		.12%		.15%
Net investment income (loss)		2.01%		1.85%		1.76%		2.06%		2.05%
Supplemental Data
Net assets, end of period (000 omitted)	$	9,574,760	$	7,712,276	$	7,816,045	$	5,243,996	$	4,120,541
Portfolio turnover rate G		50%		41%		44%		49%		72%

ACalculated based on average shares outstanding during the period.

CTotal distributions per share do not sum due to rounding.

DTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

EFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

FExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Report of Independent Registered Public Accounting Firm

For the period ended October 31, 2023

1. Organization.

Fidelity SAI Emerging Markets Low Volatility Index Fund, Fidelity SAI International Low Volatility Index Fund and Fidelity SAI U.S. Low Volatility Index Fund (the Funds) are funds of Fidelity Salem Street Trust (the Trust). Each Fund is authorized to issue an unlimited number of shares. Shares are offered only to certain clients of Fidelity Management & Research Company (FMR) or its affiliates. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Investments in emerging markets, if applicable, can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

3. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. Each Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of each Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has designated each Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, each Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages each Fund's fair valuation practices and maintains the fair valuation policies and procedures. Each Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, ETFs and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of October 31, 2023 is included at the end of each Fund's Schedule of Investments.

Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and for certain Funds include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in dividends or foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable or reclaims receivable.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2023, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses or Deferred taxes on each applicable Fund's Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, certain Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to partnerships, futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation)
Fidelity SAI Emerging Markets Low Volatility Index Fund	$3,202,110,425	$300,880,241	$ (324,565,148)	$ (23,684,907)
Fidelity SAI International Low Volatility Index Fund	6,130,089,647	559,927,388	(642,362,665)	(82,435,277)
Fidelity SAI U.S. Low Volatility Index Fund	8,244,883,658	1,891,094,759	(529,077,104)	1,362,017,655

The tax-based components of distributable earnings as of period end were as follows for each Fund:

	Undistributed ordinary income	Capital loss carryforward	Net unrealized appreciation (depreciation) on securities and other investments
Fidelity SAI Emerging Markets Low Volatility Index Fund	$87,930,408	$ (3,358,628)	$ (23,788,994)
Fidelity SAI International Low Volatility Index Fund	135,132,899	(243,023,037)	(82,784,413)
Fidelity SAI U.S. Low Volatility Index Fund	125,476,788	-	1,362,017,655

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

	Short-term	Long-term	Total capital loss carryforward
Fidelity SAI Emerging Markets Low Volatility Index Fund	$ (3,358,628)	$-	$ (3,358,628)
Fidelity SAI International Low Volatility Index Fund	(71,961,889)	(171,061,148)	(243,023,037)

The tax character of distributions paid was as follows:

October 31, 2023
	Ordinary Income	Long-term Capital Gains	Total
Fidelity SAI Emerging Markets Low Volatility Index Fund	$53,120,773	$-	$53,120,773
Fidelity SAI International Low Volatility Index Fund	105,861,928	-	105,861,928
Fidelity SAI U.S. Low Volatility Index Fund	154,189,107	148,856,919	303,046,026

October 31, 2022
	Ordinary Income	Long-term Capital Gains	Total
Fidelity SAI Emerging Markets Low Volatility Index Fund	$41,568,890	$-	$41,568,890
Fidelity SAI International Low Volatility Index Fund	141,537,086	-	141,537,086
Fidelity SAI U.S. Low Volatility Index Fund	159,841,640	108,929,116	268,770,756

Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. Each Fund's investment objectives allow for various types of derivative instruments, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

Derivatives were used to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the objectives may not be achieved.

Derivatives were used to increase or decrease exposure to the following risk(s):


Equity Risk	Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that a fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to a fund. Counterparty credit risk related to exchange-traded contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. Futures contracts were used to manage exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end, and is representative of volume of activity during the period unless an average notional amount is presented. Any securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Any cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, U.S. government securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity SAI Emerging Markets Low Volatility Index Fund	1,598,763,368	650,290,667
Fidelity SAI International Low Volatility Index Fund	2,205,138,839	2,142,272,742
Fidelity SAI U.S. Low Volatility Index Fund	5,815,023,410	4,156,038,022

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. Each Fund's management fee is equal to the following annual rate of average net assets:

Fidelity SAI Emerging Markets Low Volatility Index Fund	.15%
Fidelity SAI International Low Volatility Index Fund	.15%
Fidelity SAI U.S. Low Volatility Index Fund	.10%

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Interfund Lending Program. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (the SEC), each Fund, along with other registered investment companies having management contracts with Fidelity Management & Research Company LLC (FMR), or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing each Fund to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Activity in this program during the period for which loans were outstanding was as follows:

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity SAI Emerging Markets Low Volatility Index Fund	Borrower	$ 14,395,603	4.91%	$113,934
Fidelity SAI International Low Volatility Index Fund	Borrower	$ 36,744,893	4.54%	$347,450
Fidelity SAI U.S. Low Volatility Index Fund	Borrower	$ 131,225,771	5.10%	$650,452

Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. During the period, there were no interfund trades.

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are listed below. During the period, there were no borrowings on this line of credit.

	Amount
Fidelity SAI Emerging Markets Low Volatility Index Fund	$5,372
Fidelity SAI International Low Volatility Index Fund	10,297
Fidelity SAI U.S. Low Volatility Index Fund	14,502

8. Security Lending.

Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity SAI Emerging Markets Low Volatility Index Fund	$418	$-	$-
Fidelity SAI International Low Volatility Index Fund	$38,591	$-	$-
Fidelity SAI U.S. Low Volatility Index Fund	$22,227	$1,536	$368,632

9. Bank Borrowings.

The Fund is permitted to have bank borrowings for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity requirements. The Fund has established borrowing arrangements with certain banks. The interest rate on the borrowings is the bank's base rate, as revised from time to time. Any open loans, including accrued interest, at period end are presented under the caption "Notes payable" in the Statement of Assets and Liabilities, if applicable. Activity in this program during the period for which loans were outstanding was as follows:

	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity SAI Emerging Markets Low Volatility Index Fund	$8,082,885	5.24%	$30,586
Fidelity SAI International Low Volatility Index Fund	$8,858,128	4.67%	$44,828

10. Expense Reductions.

The investment adviser contractually agreed to reimburse expenses of Fidelity SAI Emerging Markets Low Volatility Index Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through February 28, 2025. Some expenses, for example the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses, are excluded from this reimbursement.

The following Funds were in reimbursement during the period:

	Expense Limitations	Reimbursement
Fidelity SAI Emerging Markets Low Volatility Index Fund	.25%	$286,923

Through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's expenses. All of the applicable expense reductions are noted in the table below.

	Custodian credits
Fidelity SAI International Low Volatility Index Fund	57,981
Fidelity SAI U.S. Low Volatility Index Fund	2,884

11. Other.

A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

At the end of the period, the following mutual funds managed by the investment adviser or its affiliates were the owners of record of 10% or more of the total outstanding shares.

	Strategic Advisers Emerging Markets Fund	Strategic Advisers Fidelity Emerging Markets Fund	Strategic Advisers Fidelity International Fund	Strategic Advisers International Fund	Strategic Advisers Fidelity U.S. Total Stock Fund	Strategic Advisers Large Cap Fund
Fidelity SAI Emerging Markets Low Volatility Index Fund	18%	21%	-	-	-	-
Fidelity SAI International Low Volatility Index Fund	-	-	32%	14%	-	-
Fidelity SAI U.S. Low Volatility Index Fund	-	-	-	-	43%	11%

Mutual funds managed by the investment adviser or its affiliates, in aggregate, were the owners of record of more than 20% of the total outstanding shares.

Fund	% of shares held
Fidelity SAI Emerging Markets Low Volatility Index Fund	39%
Fidelity SAI International Low Volatility Index Fund	46%
Fidelity SAI U.S. Low Volatility Index Fund	54%

12. Risk and Uncertainties.

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as pandemics, epidemics, outbreaks of infectious diseases, war, terrorism, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

To the Board of Trustees of Fidelity Salem Street Trust and Shareholders of Fidelity SAI U.S. Low Volatility Index Fund, Fidelity SAI International Low Volatility Index Fund, and Fidelity SAI Emerging Markets Low Volatility Index Fund

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Fidelity SAI U.S. Low Volatility Index Fund, Fidelity SAI International Low Volatility Index Fund, and Fidelity SAI Emerging Markets Low Volatility Index Fund (three of the funds constituting Fidelity Salem Street Trust, referred to hereafter as the "Funds") as of October 31, 2023, the related statements of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2023, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2023 and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2023 by correspondence with the custodian and brokers. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2023

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

TRUSTEES AND OFFICERS

The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance. Except for Laura M. Bishop, Jonathan Chiel, Robert W. Helm, Christine J. Thompson, and Carol J. Zierhoffer, each of the Trustees oversees 313 funds. Mr. Chiel oversees 191 funds. Ms. Bishop, Mr. Helm, Ms. Thompson, and Ms. Zierhoffer each oversees 229 funds.

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-3455.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Michael E. Kenneally serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's alternative investment, high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is General Counsel (2012-present) and Head of Legal, Risk and Compliance (2022-present). Mr Chiel serves as Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present) and Director and President for OH Company LLC (holding company, 2018-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney's Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Ms. Johnson also serves as Trustee of other Fidelity® funds. Ms. Johnson serves as Chairman (2016-present), Chief Executive Officer (2014-present), and Director (2007-present) of FMR LLC (diversified financial services company), President of Fidelity Financial Services (2012-present) and President of Personal, Workplace and Institutional Services (2005-present). Ms. Johnson is Chairman and Director of Fidelity Management & Research Company LLC (investment adviser firm, 2011-present). Previously, Ms. Johnson served as Chairman and Director of FMR Co., Inc. (investment adviser firm, 2011-2019), Vice Chairman (2007-2016) and President (2013-2016) of FMR LLC, President and a Director of Fidelity Management & Research Company (2001-2005), a Trustee of other investment companies advised by Fidelity Management & Research Company, Fidelity Investments Money Management, Inc. (investment adviser firm), and FMR Co., Inc. (2001-2005), Senior Vice President of the Fidelity® funds (2001-2005), and managed a number of Fidelity® funds. Ms. Abigail P. Johnson and Mr. Arthur E. Johnson are not related.

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Ms. McAuliffe also serves as Trustee of other Fidelity® funds and as Trustee of Fidelity Charitable (2020-present). Previously, Ms. McAuliffe served as Co-Head of Fixed Income of Fidelity Investments Limited (now known as FIL Limited (FIL)) (diversified financial services company), Director of Research for FIL's credit and quantitative teams in London, Hong Kong and Tokyo and Director of Research for taxable and municipal bonds at Fidelity Investments Money Management, Inc. Ms. McAuliffe previously served as a member of the Advisory Board of certain Fidelity® funds (2016). Ms. McAuliffe was previously a lawyer at Ropes & Gray LLP and an international banker at Chemical Bank NA (now JPMorgan Chase & Co.). Ms. McAuliffe also currently serves as director or trustee of several not-for-profit entities.

Christine J. Thompson (1958)

Year of Election or Appointment: 2023

Trustee

Ms. Thompson also serves as a Trustee of other Fidelity® funds. Ms. Thompson serves as Leader of Advanced Technologies for Investment Management at Fidelity Investments (2018-present). Previously, Ms. Thompson served as Chief Investment Officer in the Bond group at Fidelity Management & Research Company (2010-2018) and held various other roles including Director of municipal bond portfolio managers and Portfolio Manager of certain Fidelity® funds.

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Ms. Acton also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Acton served as Executive Vice President, Finance (2011-2012), Executive Vice President, Chief Financial Officer (2002-2011) and Treasurer (2004-2005) of Comerica Incorporated (financial services). Prior to joining Comerica, Ms. Acton held a variety of positions at Ford Motor Company (1983-2002), including Vice President and Treasurer (2000-2002) and Executive Vice President and Chief Financial Officer of Ford Motor Credit Company (1998-2000). Ms. Acton currently serves as a member of the Board and Audit and Finance Committees of Beazer Homes USA, Inc. (homebuilding, 2012-present). Ms. Acton previously served as a member of the Advisory Board of certain Fidelity® funds (2013-2016).

Laura M. Bishop (1961)

Year of Election or Appointment: 2023

Trustee

Ms. Bishop also serves as Trustee or Member of the Advisory Board of other Fidelity® funds. Prior to her retirement, Ms. Bishop held a variety of positions at United Services Automobile Association (2001-2020), including Executive Vice President and Chief Financial Officer (2014-2020) and Senior Vice President and Deputy Chief Financial Officer (2012-2014). Ms. Bishop currently serves as a member of the Audit Committee and Compensation and Personnel Committee (2021-present) of the Board of Directors of Korn Ferry (global organizational consulting). Previously, Ms. Bishop served as a Member of the Advisory Board of certain Fidelity® funds (2022-2023).

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

General Dunwoody also serves as Trustee of other Fidelity® funds. General Dunwoody (United States Army, Retired) was the first woman in U.S. military history to achieve the rank of four-star general and prior to her retirement in 2012 held a variety of positions within the U.S. Army, including Commanding General, U.S. Army Material Command (2008-2012). General Dunwoody currently serves as a member of the Board, Chair of Nomination Committee and a member of the Corporate Governance Committee of Kforce Inc. (professional staffing services, 2016-present) and a member of the Board of Automattic Inc. (software engineering, 2018-present). Previously, General Dunwoody served as President of First to Four LLC (leadership and mentoring services, 2012-2022), a member of the Advisory Board and Nominating and Corporate Governance Committee of L3 Technologies, Inc. (communication, electronic, sensor and aerospace systems, 2013-2019) and a member of the Board and Audit and Sustainability and Corporate Responsibility Committees of Republic Services, Inc. (waste collection, disposal and recycling, 2013-2016). General Dunwoody also serves on several boards for non-profit organizations, including as a member of the Board, Chair of the Nomination and Governance Committee and a member of the Audit Committee of the Noble Reach Foundation (formerly Logistics Management Institute) (consulting non-profit, 2012-present) and a member of the Board of ThanksUSA (military family education non-profit, 2014-present). Previously, General Dunwoody served as a member of the Board of Florida Institute of Technology (2015-2022) and a member of the Council of Trustees for the Association of the United States Army (advocacy non-profit, 2013-2021). General Dunwoody previously served as a member of the Advisory Board of certain Fidelity® funds (2018).

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Mr. Engler also serves as Trustee of other Fidelity® funds. Previously, Mr. Engler served as Governor of Michigan (1991-2003), President of the Business Roundtable (2011-2017) and interim President of Michigan State University (2018-2019). Previously, Mr. Engler served as a member of the Board of Stride, Inc. (formerly K12 Inc.) (technology-based education company, 2012-2022), a member of the Board of Universal Forest Products (manufacturer and distributor of wood and wood-alternative products, 2003-2019) and Trustee of The Munder Funds (2003-2014). Mr. Engler previously served as a member of the Advisory Board of certain Fidelity® funds (2014-2016).

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Mr. Gartland also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Gartland held a variety of positions at Morgan Stanley (financial services, 1979-2007), including Managing Director (1987-2007) and Chase Manhattan Bank (1975-1978). Mr. Gartland previously served as Chairman and an investor in Gartland & Mellina Group Corp. (consulting, 2009-2019), as a member of the Board of National Securities Clearing Corporation (1993-1996) and as Chairman of TradeWeb (2003-2004).

Robert W. Helm (1957)

Year of Election or Appointment: 2023

Trustee

Mr. Helm also serves as Trustee or Member of the Advisory Board of other Fidelity® funds. Mr. Helm was formerly Deputy Chairman (2003-2020), partner (1991-2020) and an associate (1984-1991) of Dechert LLP (formerly Dechert Price & Rhoads). Mr. Helm currently serves on boards and committees of several not-for-profit organizations, including as a Trustee and member of the Executive Committee of the Baltimore Council on Foreign Affairs, a member of the Board of Directors of the St. Vincent de Paul Society of Baltimore and a member of the Life Guard Society of Mt. Vernon. Previously, Mr. Helm served as a Member of the Advisory Board of certain Fidelity® funds (2021-2023).

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Mr. Johnson also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Johnson served as Senior Vice President of Corporate Strategic Development of Lockheed Martin Corporation (defense contractor, 1999-2009). Mr. Johnson currently serves as a member of the Board of Booz Allen Hamilton (management consulting, 2011-present). Mr. Johnson previously served as a member of the Board of Eaton Corporation plc (diversified power management, 2009-2019) and a member of the Board of AGL Resources, Inc. (holding company, 2002-2016). Mr. Johnson previously served as Chairman (2018-2021) and Vice Chairman (2015-2018) of the Independent Trustees of certain Fidelity® funds. Mr. Arthur E. Johnson is not related to Ms. Abigail P. Johnson.

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Chairman of the Independent Trustees

Mr. Kenneally also serves as Trustee of other Fidelity® funds and was Vice Chairman (2018-2021) of the Independent Trustees of certain Fidelity® funds. Prior to retirement in 2005, he was Chairman and Global Chief Executive Officer of Credit Suisse Asset Management, the worldwide fund management and institutional investment business of Credit Suisse Group. Previously, Mr. Kenneally was an Executive Vice President and the Chief Investment Officer for Bank of America. In this role, he was responsible for the investment management, strategy and products delivered to the bank's institutional, high-net-worth and retail clients. Earlier, Mr. Kenneally directed the organization's equity and quantitative research groups. He began his career as a research analyst and then spent more than a dozen years as a portfolio manager for endowments, pension plans and mutual funds. He earned the Chartered Financial Analyst (CFA) designation in 1991.

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Mr. Murray also serves as Trustee of other Fidelity® funds. Previously, Mr. Murray served as Co-Chief Executive Officer (2013-2016), President (2006-2013) and Vice Chairman (2013-2020) of Meijer, Inc. Mr. Murray serves as a member of the Board (2009-present) and Public Policy and Responsibility Committee (2009-present) and Chair of the Nuclear Review Committee (2019-present) of DTE Energy Company (diversified energy company). Mr. Murray previously served as a member of the Board of Spectrum Health (not-for-profit health system, 2015-2019) and as a member of the Board and Audit Committee and Chairman of the Nominating and Corporate Governance Committee of Universal Forest Products, Inc. (manufacturer and distributor of wood and wood-alternative products, 2004-2016). Mr. Murray also serves as a member of the Board of many community and professional organizations. Mr. Murray previously served as a member of the Advisory Board of certain Fidelity® funds (2016).

Carol J. Zierhoffer (1960)

Year of Election or Appointment: 2023

Trustee

Ms. Zierhoffer also serves as Trustee or Member of the Advisory Board of other Fidelity® funds. Prior to her retirement, Ms. Zierhoffer held a variety of positions at Bechtel Corporation (engineering company, 2013-2019), including Principal Vice President and Chief Information Officer (2013-2016) and Senior Vice President and Chief Information Officer (2016-2019). Ms. Zierhoffer currently serves as a member of the Board of Directors, Audit Committee and Compensation Committee of Allscripts Healthcare Solutions, Inc. (healthcare technology, 2020-present) and as a member of the Board of Directors, Audit and Finance Committee and Nominating and Governance Committee of Atlas Air Worldwide Holdings, Inc. (aviation operating services, 2021-present). Previously, Ms. Zierhoffer served as a member of the Board of Directors and Audit Committee and as the founding Chair of the Information Technology Committee of MedAssets, Inc. (healthcare technology, 2013-2016), and as a Member of the Advisory Board of certain Fidelity® funds (2023).

Advisory Board Members and Officers:

Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupation

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Ms. Bonner also serves as an officer of other funds. Ms. Bonner is a Senior Vice President (2022-present) and is an employee of Fidelity Investments (2022-present). Ms. Bonner serves as Vice President, Treasurer, or Assistant Treasurer of certain Fidelity entities. Prior to joining Fidelity, Ms. Bonner served as Managing Director at AQR Capital Management (2013-2022) and was the Treasurer and Principal Financial Officer of the AQR Funds (2013-2022).

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Brown also serves as an officer of other funds. Mr. Brown is a Vice President (2015-present) and is an employee of Fidelity Investments. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present). Previously, Mr. Brown served as Assistant Treasurer of certain Fidelity® funds (2019-2022).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke is Head of Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments. Mr. Burke serves as President, Executive Vice President, or Director of certain Fidelity entities. Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

Ms. Carey also serves as an officer of other funds and as CLO of certain Fidelity entities. Ms. Carey is a Senior Vice President, Deputy General Counsel (2019-present) and is an employee of Fidelity Investments.

David J. Carter (1973)

Year of Election or Appointment: 2020

Assistant Secretary

Mr. Carter also serves as Assistant Secretary of other funds. Mr. Carter is a Senior Vice President, Deputy General Counsel (2022-present) and is an employee of Fidelity Investments. Mr. Carter serves as Chief Legal Officer of Fidelity Investments Institutional Operations Company LLC - Shareholder Division (transfer agent, 2020-present).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as an officer of other funds. Mr. Davis is a Vice President (2006-present) and is an employee of Fidelity Investments. Mr. Davis serves as Assistant Treasurer of certain Fidelity entities.

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is a Senior Vice President (2017-present) and is an employee of Fidelity Investments. Ms. Del Prato serves as Vice President or Assistant Treasurer of certain Fidelity entities. Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020).

Robin Foley (1964)

Year of Election or Appointment: 2023

Vice President

Ms. Foley also serves as Vice President of other funds. Ms. Foley serves as Head of Fidelity's Fixed Income division (2023-present) and is an employee of Fidelity Investments. Previously, Ms. Foley served as Chief Investment Officer of Bonds (2017-2023).

Christopher M. Gouveia (1973)

Year of Election or Appointment: 2023

Chief Compliance Officer

Mr. Gouveia also serves as Chief Compliance Officer of other funds. Mr. Gouveia is a Senior Vice President of Asset Management Compliance (2019-present) and is an employee of Fidelity Investments. Mr. Gouveia serves as Compliance Officer of Fidelity Management Trust Company (2023-present). Previously, Mr. Gouveia served as Chief Compliance Officer of the North Carolina Capital Management Trust (2016-2019).

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan is a Vice President (2016-present) and is an employee of Fidelity Investments. Mr. Hogan serves as Assistant Treasurer of certain Fidelity entities. Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Mr. Maher also serves as an officer of other funds. Mr. Maher is a Vice President (2008-present) and is an employee of Fidelity Investments. Mr. Maher serves as Assistant Treasurer of certain Fidelity entities. Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020).

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Mr. Segaloff also serves as AML Officer of other funds. Mr. Segaloff is a Vice President (2022-present) and is an employee of Fidelity Investments. Mr. Segaloff serves as Anti Money Laundering Compliance Officer or Anti Money Laundering/Bank Secrecy Act Compliance Officer of certain Fidelity entities.

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith is a Senior Vice President (2016-present) and is an employee of Fidelity Investments. Ms. Smith serves as Assistant Treasurer of certain Fidelity entities and has served in other fund officer roles.

Jim Wegmann (1979)

Year of Election or Appointment: 2021

Deputy Treasurer

Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann is a Vice President (2016-present) and is an employee of Fidelity Investments. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023

Fidelity® SAI Emerging Markets Low Volatility Index Fund	.25%
Actual		$ 1,000	$ 984.50	$ 1.25
Hypothetical-B		$ 1,000	$ 1,023.95	$ 1.28

Fidelity® SAI International Low Volatility Index Fund	.16%
Actual		$ 1,000	$ 933.60	$ .78
Hypothetical-B		$ 1,000	$ 1,024.40	$ .82

Fidelity® SAI U.S. Low Volatility Index Fund	.11%
Actual		$ 1,000	$ 994.90	$ .55
Hypothetical-B		$ 1,000	$ 1,024.65	$ .56

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

C Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended October 31, 2023 or, if subsequently determined to be different, the net capital gain of such year.

Fidelity SAI U.S. Low Volatility Index Fund

$7,329,683

A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends-received deduction for corporate shareholders:

Fidelity SAI U.S. Low Volatility Index Fund
December 2022	86%

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

Fidelity SAI Emerging Markets Low Volatility Index Fund
December 2022	45.82%
Fidelity SAI International Low Volatility Index Fund
December 2022	94.89%
Fidelity SAI U.S. Low Volatility Index Fund
December 2022	93.44%

A percentage of the dividends distributed during the fiscal year for the following funds qualify as a section 199A dividend:

Fidelity SAI U.S. Low Volatility Index Fund
December 2022	6.57%

The funds hereby designate the amounts noted below as distributions paid during the fiscal year ended 20xx as qualifying to be taxed as section 163(j) interest dividends:

Fidelity SAI Emerging Markets Low Volatility Index Fund

$422,687

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

	Pay Date	Income	Taxes
Fidelity SAI Emerging Markets Low Volatility Index Fund	12/12/2022	$0.2279	$0.0439
Fidelity® SAI International Low Volatility Index Fund	12/12/2022	$0.2192	$0.0212

The funds will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity SAI Emerging Markets Low Volatility Index Fund

Fidelity SAI International Low Volatility Index Fund

Fidelity SAI U.S. Low Volatility Index Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), considers the renewal of each fund's management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreement (Sub-Advisory Agreement) for each fund with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts). FMR and Geode are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contracts, including the services and support provided to each fund and its shareholders. The Board's Operations Committee, of which all the Independent Trustees are members, meets regularly throughout the year and requests, receives and considers, among other matters, information related to the annual consideration of the renewal of each fund's Advisory Contracts before making its recommendation to the Board. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet from time to time with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2023 meeting, the Board unanimously determined to renew each fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to each fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness relative to peer funds of each fund's management fee and total expense ratio; (iii) the total costs of the services provided by and the profits realized by Fidelity and Geode from their respective relationships with each fund; and (iv) the extent to which, if any, economies of scale exist and are realized as each fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered the broad range of investment choices available to shareholders from FMR's competitors and that each fund's shareholders have chosen to invest in the fund, which is part of the Fidelity family of funds. The Board's decision to renew the Advisory Contracts was not based on any single factor.

The Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable in light of all of the surrounding circumstances.

Nature, Extent, and Quality of Services Provided. The Board considered the Investment Advisers' staffing as it relates to the funds, including the backgrounds and experience of investment personnel of Fidelity and Geode, and also considered the Investment Advisers' implementation of each fund's investment program. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and with senior management of Geode. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of each fund.

The Trustees also discussed with representatives of Fidelity, at meetings throughout the year, Fidelity's role in, among other things, overseeing compliance with federal securities laws and other applicable requirements by Geode with respect to the funds and monitoring and overseeing the performance and investment capabilities of Geode. The Trustees considered that the Board had received from Fidelity periodic reports about its oversight and due diligence processes, as well as periodic reports regarding the performance of Geode.

The Board also considered the nature, extent and quality of services provided by Geode. The Trustees noted that under the Sub-Advisory Agreement, subject to oversight by Fidelity, Geode is responsible for, among other things, identifying investments and arranging for execution of portfolio transactions to implement each fund's investment strategy. In addition, the Trustees noted that Geode is responsible for providing such reporting as may be requested by Fidelity to fulfill its oversight responsibilities discussed above.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's and Geode's approach to recruiting, managing, training, and compensating investment personnel. The Board noted the resources devoted to Fidelity's global investment organization and that Fidelity's and Geode's analysts have extensive resources, tools and capabilities that allow them to conduct quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's and Geode's investment professionals have sufficient access to information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, cybersecurity, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and by FMR's affiliates under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for each fund; (ii) the nature and extent of Fidelity's supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted by Fidelity to, and the record of compliance with, each fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers. The Board also considered each fund's securities lending activities and any payments made to Fidelity relating to securities lending.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of fund investor services. The Board noted that Fidelity had taken, or had made recommendations to the Board that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds and/or the Fidelity funds in general.

Investment Performance. The Board took into account discussions that occur with representatives of the Investment Advisers, and reports that it receives, at Board meetings throughout the year relating to fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considered annualized return information for each fund for different time periods, measured against the securities market index each fund seeks to track (benchmark index). The Board also periodically considers each fund's tracking error versus its benchmark index. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds over different time periods and discussed with the Investment Advisers the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that an index fund's performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) of each fund compared to its benchmark index, over appropriate time periods taking into account relevant factors including the following: general market conditions; the characteristics of the fund's benchmark index; the extent to which statistical sampling is employed; any securities lending revenues; and fund cash flows and other factors.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund.

Competitiveness of Management Fee and Total Expense Ratio. The Board was provided with information regarding industry trends in management fees and expenses. In its review of each fund's management fee and total expense ratio, the Board considered the fund's management fee rate as well as other fund expenses, such as custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for each fund.

Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "mapped groups") that were compiled by Fidelity based on combining similar investment objective categories (as classified by Lipper) that have comparable investment mandates. The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) relative to the total universe of funds within the mapped group; (ii) gross management fee comparisons relative to a subset of non-Fidelity funds in the mapped group that are similar in size and management fee structure to each fund (referred to as the "asset size peer group"); (iii) total expense comparisons of each fund relative to funds and classes in the mapped group that have a similar sales load structure to each fund (referred to as the "similar sales load structure group"); and (iv) total expense comparisons of each fund relative to funds and classes in the similar sales load structure group that are similar in size and management fee structure to each fund (referred to as the "total expense asset size peer group"). The total expense asset size peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The information provided to the Board indicated that the management fee rate of each fund ranked equal to or below the competitive median of the mapped group for 2022. The information provided to the Board indicated that the management fee rate of Fidelity SAI Emerging Markets Low Volatility Fund and Fidelity SAI International Low Volatility ranked below the competitive median of the asset size peer group for 2022 and the management fee rate of Fidelity SAI U.S. Low Volatility Fund ranked below the competitive median of the asset size peer group for 2022. Further, the information provided to the Board indicated that the total expense ratio of Fidelity SAI Emerging Markets Low Volatility Fund ranked above the competitive median of the similar sales load structure group for 2022 and above the competitive median of the total expense asset size peer group for 2022. The information provided to the Board indicated that the total expense ratio of each of Fidelity SAI International Low Volatility Index Fund and Fidelity SAI U.S. Low Volatility Index Fund ranked below the competitive median of the similar sales load structure group for 2022 and above the competitive median of the total expense asset size peer group for 2022.

For Fidelity SAI U.S. Low Volatility Fund, the Board considered that the fund's total expense ratio was under the competitive median of its similar sales load structure group. The Board considered that if funds in a fund complex with a unique at-cost service model were excluded from the total expense asset size peer groups, each of Fidelity SAI International Low Volatility Index Fund and Fidelity SAI U.S. Low Volatility Index Fund would not have been above the competitive median for 2022. For Fidelity SAI Emerging Markets Low Volatility Fund, the International Equity Index mapped group to which this fund is compared contains both emerging markets funds and developed markets funds that may not be directly comparable. The Board noted that, although total expenses ranked above median, Fidelity believes the fees charged are reasonable for the overall value of the nature and quality of services shareholders receive.

Other Contractual Arrangements. The Board further considered that FMR has contractually agreed to reimburse each fund to the extent that total operating expenses, with certain exceptions, as a percentage of its average net assets, exceed 0.25% for Fidelity SAI Emerging Markets Low Volatility Index Fund, 0.20% for Fidelity SAI International Low Volatility Index Fund, and 0.15% for Fidelity SAI U.S. Low Volatility Index Fund through February 29, 2024.

Fees Charged to Other Clients. The Board also considered fee structures and other information with respect to clients of Fidelity and Geode, such as other funds advised or subadvised by Fidelity or Geode, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that each fund receives and the other factors considered. Further, based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that each fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with each fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's and Geode's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's fund business (i.e., fall-out benefits) as well as cases where Fidelity's and Geode's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board's consideration of these matters was informed by the findings of a joint ad hoc committee created by it and the boards of other Fidelity funds to evaluate potential fall-out benefits.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund and was satisfied that the profitability was not excessive.

The Board also considered information regarding the profitability of Geode's relationship with each fund.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board also noted that a committee created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and Fidelity's views regarding portfolio manager investment in the Fidelity funds that they manage; (iii) hiring, training, and retaining personnel; (iv) the arrangements with and compensation paid to certain fund sub-advisers and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation arrangements; (vi) Fidelity's transfer agent, pricing and bookkeeping fees, expense and service structures for different funds and classes relative to competitive trends and market conditions; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and the changes in flows for different types of funds; (viii) the types of management fee and total expense comparisons provided, and the challenges and limitations associated with such information; (ix) explanations regarding the relative total expense ratios and management fees of certain funds and classes, total expense and management fee competitive trends, and methodologies for total expense and management fee competitive comparisons; (x) information concerning expense limitations applicable to certain funds; and (xi) matters related to money market funds, exchange-traded funds, and target date funds.

Conclusion. Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board, including the Independent Trustees, concluded that the advisory and sub-advisory fee arrangements are fair and reasonable in light of all of the surrounding circumstances and that the fund's Advisory Contracts should be renewed through September 30, 2024.

A special meeting of shareholders was held on October 18, 2023. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.
Proposal 1
To elect a Board of Trustees.
	# of Votes	% of Votes
Abigail P. Johnson
Affirmative	378,729,502,260.010	97.580
Withheld	9,407,876,478.960	2.420
TOTAL	388,137,378,738.970	100.000
Jennifer Toolin McAuliffe
Affirmative	378,454,868,010.950	97.510
Withheld	9,682,510,728.020	2.490
TOTAL	388,137,378,738.970	100.000
Christine J. Thompson
Affirmative	378,837,121,274.520	97.600
Withheld	9,300,257,464.450	2.400
TOTAL	388,137,378,738.970	100.000
Elizabeth S. Acton
Affirmative	378,262,110,794.850	97.460
Withheld	9,875,267,944.120	2.540
TOTAL	388,137,378,738.970	100.000
Laura M. Bishop
Affirmative	380,482,113,171.060	98.030
Withheld	7,655,265,567.910	1.970
TOTAL	388,137,378,738.970	100.000
Ann E. Dunwoody
Affirmative	380,016,034,008.120	97.910
Withheld	8,121,344,730.850	2.090
TOTAL	388,137,378,738.970	100.000
John Engler
Affirmative	379,432,488,394.200	97.760
Withheld	8,704,890,344.770	2.240
TOTAL	388,137,378,738.970	100.000
Robert F. Gartland
Affirmative	378,741,819,600.600	97.580
Withheld	9,395,559,138.370	2.420
TOTAL	388,137,378,738.970	100.000
Robert W. Helm
Affirmative	380,389,324,755.070	98.000
Withheld	7,748,053,983.900	2.000
TOTAL	388,137,378,738.970	100.000
Arthur E. Johnson
Affirmative	378,427,694,151.670	97.500
Withheld	9,709,684,587.300	2.500
TOTAL	388,137,378,738.970	100.000
Michael E. Kenneally
Affirmative	377,842,228,145.180	97.350
Withheld	10,295,150,593.790	2.650
TOTAL	388,137,378,738.970	100.000
Mark A. Murray
Affirmative	380,158,432,703.370	97.940
Withheld	7,978,946,035.600	2.060
TOTAL	388,137,378,738.970	100.000
Carol J. Zierhoffer
Affirmative	380,522,113,360.240	98.040
Withheld	7,615,265,378.730	1.960
TOTAL	388,137,378,738.970	100.000

Proposal 1 reflects trust wide proposal and voting results.

1.9867660.108

SV1-SV2-ANN-1223

Fidelity® SAI Emerging Markets Value Index Fund

Annual Report

October 31, 2023

Contents

Report of Independent Registered Public Accounting Firm

You may also call 1-800-544-3455 to request a free copy of the proxy voting guidelines.

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.

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

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Average Annual Total Returns

Periods ended October 31, 2023	Past 1 year	Life of Fund A
Fidelity® SAI Emerging Markets Value Index Fund	15.81%	6.85%

A From May 12, 2020

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® SAI Emerging Markets Value Index Fund on May 12, 2020, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Emerging Markets Value Focus Index℠ and MSCI ACWI (All Country World Index) ex USA Index performed over the same period.

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year, the fund gained 15.81%, versus 16.36% for the benchmark Fidelity Emerging Markets Value Focus Index NR. (The fund's relative performance was affected by differing methodologies (fund versus index) for valuing certain foreign stocks and for incorporating foreign exchange rates, as well as by required local capital gains tax.) From a regional standpoint, emerging markets gained approximately 15% and contributed most versus the benchmark, followed by Asia Pacific ex Japan (+21%). By sector, information technology gained about 22% and notably contributed, driven by the semiconductors & semiconductor equipment industry (+33%). Financials stocks also helped (+17%), benefiting from banks (+13%). Energy rose roughly 34%, consumer discretionary gained about 14% and materials advanced 19%. Other contributors included the communication services (+7%), health care (+15%), utilities (+19%) and consumer staples (+7%) sectors. Conversely, from a sector standpoint, industrials returned 1% and detracted most. This group was hampered by the transportation industry (-5%). Real estate (-1%) also hurt, held back by the real estate management & development industry (+1%). The top individual contributor was Posco Holdings (+154%), from the materials group. Taiwan Semiconductor, within the semiconductors & semiconductor equipment industry, gained 37% and lifted the fund. In energy, Petrobras gained approximately 68% and helped. In contrast, the biggest individual detractor was Impala Platinum Holdings (-58%), from the materials category. Also in materials, Sibanye Stillwater (-43%) hurt. JD.com (-17%), a stock in the consumer discretionary distribution & retail industry, detracted.

Top Holdings (% of Fund's net assets)

Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	4.1
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	3.8
Tencent Holdings Ltd. (China, Interactive Media & Services)	2.8
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (Brazil, Oil, Gas & Consumable Fuels)	2.1
China Construction Bank Corp. (H Shares) (China, Banks)	2.0
Alibaba Group Holding Ltd. (China, Broadline Retail)	1.9
Vale SA (Brazil, Metals & Mining)	1.8
Industrial & Commercial Bank of China Ltd. (H Shares) (China, Banks)	1.6
Hon Hai Precision Industry Co. Ltd. (Foxconn) (Taiwan, Electronic Equipment, Instruments & Components)	1.5
Bank of China Ltd. (H Shares) (China, Banks)	1.5
	23.1

Market Sectors (% of Fund's net assets)

Financials	23.9
Information Technology	20.1
Consumer Discretionary	13.3
Communication Services	8.9
Materials	7.9
Industrials	6.6
Energy	5.4
Consumer Staples	5.0
Health Care	3.3
Utilities	2.6
Real Estate	1.6

Asset Allocation (% of Fund's net assets)

Futures - 1.4%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Showing Percentage of Net Assets

Common Stocks - 95.8%
	Shares	Value ($)
Brazil - 3.4%
Banco do Brasil SA	3,188,400	30,576,514
Embraer SA (a)	1,549,000	5,404,256
Telefonica Brasil SA	925,500	8,304,581
Vale SA	3,533,300	48,355,769
TOTAL BRAZIL		92,641,120
Chile - 0.3%
Cencosud SA	2,867,251	4,645,267
Empresas CMPC SA	2,447,964	4,376,248
TOTAL CHILE		9,021,515
China - 23.2%
Agricultural Bank of China Ltd. (H Shares)	68,407,000	25,266,582
Alibaba Group Holding Ltd. (a)	5,212,800	53,666,188
Aluminum Corp. of China Ltd. (H Shares)	8,778,000	4,695,620
Anhui Conch Cement Co. Ltd. (H Shares)	2,632,000	6,550,245
Bank of China Ltd. (H Shares)	117,997,000	41,220,530
Bank of Communications Co. Ltd. (H Shares)	47,529,000	28,113,686
Beijing Enterprises Holdings Ltd.	1,065,500	3,550,098
CGN Power Co. Ltd. (H Shares) (b)	24,843,500	5,970,083
China CITIC Bank Corp. Ltd. (H Shares)	20,203,000	9,012,726
China Construction Bank Corp. (H Shares)	97,604,000	55,200,732
China Feihe Ltd. (b)	7,063,000	4,388,751
China Galaxy Securities Co. Ltd. (H Shares)	7,721,000	3,951,672
China Life Insurance Co. Ltd. (H Shares)	16,560,000	22,428,845
China Minsheng Banking Corp. Ltd. (H Shares)	14,628,000	4,863,237
China National Building Materials Co. Ltd. (H Shares)	10,144,000	4,828,502
China Overseas Land and Investment Ltd.	8,281,500	15,628,098
China Railway Group Ltd. (H Shares)	9,363,000	4,419,003
China State Construction International Holdings Ltd.	3,923,400	4,202,512
China Tower Corp. Ltd. (H Shares) (b)	103,846,000	9,683,730
China Vanke Co. Ltd. (H Shares)	4,910,400	4,593,956
CITIC Pacific Ltd.	14,242,000	12,104,827
COSCO SHIPPING Holdings Co. Ltd. (H Shares)	7,465,800	7,592,997
Daqo New Energy Corp. ADR (a)	128,484	3,271,203
GCL Technology Holdings Ltd.	42,180,000	6,211,753
Geely Automobile Holdings Ltd.	10,967,000	12,451,109
Haitong Securities Co. Ltd. (H Shares)	6,070,000	3,485,310
Hengan International Group Co. Ltd.	1,448,500	4,851,458
Industrial & Commercial Bank of China Ltd. (H Shares)	94,740,000	45,403,649
JD.com, Inc. Class A	2,802,200	35,624,824
Jiangxi Copper Co. Ltd. (H Shares)	2,408,800	3,405,938
Kunlun Energy Co. Ltd.	8,864,000	7,384,633
Lenovo Group Ltd.	16,464,000	19,159,685
Longfor Properties Co. Ltd. (b)	3,810,620	5,547,353
Meituan Class B (a)(b)	448,340	6,355,226
New China Life Insurance Co. Ltd. (H Shares)	1,910,100	4,190,111
People's Insurance Co. of China Group Ltd. (H Shares)	18,254,000	6,023,081
PICC Property & Casualty Co. Ltd. (H Shares)	15,354,000	17,533,581
Postal Savings Bank of China Co. Ltd. (H Shares) (b)	17,233,000	7,865,646
Qifu Technology, Inc. ADR	323,395	4,783,012
Sinopharm Group Co. Ltd. (H Shares)	2,986,000	7,140,372
SITC International Holdings Co. Ltd.	2,866,000	4,414,803
Tencent Holdings Ltd.	2,065,800	76,452,688
Vipshop Holdings Ltd. ADR (a)	734,989	10,480,943
Yangzijiang Shipbuilding Holdings Ltd.	6,066,300	6,430,176
Yankuang Energy Group Co. Ltd. (H Shares)	4,821,000	8,372,915
TOTAL CHINA		638,772,089
Czech Republic - 0.1%
CEZ A/S	96,661	4,136,043
Egypt - 0.1%
Commercial International Bank SAE	1,081,217	2,109,990
Greece - 0.4%
Eurobank Ergasias Services and Holdings SA (a)	3,246,101	5,296,307
National Bank of Greece SA (a)	1,100,642	6,288,782
TOTAL GREECE		11,585,089
Hong Kong - 0.5%
Orient Overseas International Ltd.	294,000	3,707,281
WH Group Ltd. (b)	17,417,000	10,402,010
TOTAL HONG KONG		14,109,291
Hungary - 0.3%
MOL Hungarian Oil and Gas PLC Series A (For. Reg.)	952,292	7,577,240
India - 19.0%
Aurobindo Pharma Ltd.	625,901	6,384,985
Bajaj Auto Ltd.	151,128	9,637,720
Bank of Baroda	2,301,692	5,425,591
Cipla Ltd./India (a)	1,193,478	17,199,025
Dr. Reddy's Laboratories Ltd.	270,521	17,455,480
HCL Technologies Ltd.	2,355,229	36,114,778
HDFC Bank Ltd.	873,951	15,503,249
Hero Motocorp Ltd.	289,073	10,724,138
Hindalco Industries Ltd.	3,250,581	17,937,070
Indus Towers Ltd. (a)	1,859,186	3,846,206
Infosys Ltd.	1,748,673	28,749,723
ITC Ltd.	6,546,395	33,687,819
Jindal Steel & Power Ltd.	885,349	6,739,190
Mahindra & Mahindra Ltd.	1,925,207	33,729,770
Maruti Suzuki India Ltd.	295,493	36,889,230
NMDC Ltd.	2,543,515	4,712,442
NTPC Ltd.	9,840,174	27,870,430
Oil & Natural Gas Corp. Ltd.	8,678,890	19,413,989
Power Finance Corp. Ltd.	3,231,412	9,566,964
REC Ltd.	2,754,215	9,517,129
Reliance Industries Ltd.	605,865	16,654,997
State Bank of India	3,972,193	26,983,361
Sun Pharmaceutical Industries Ltd.	2,171,924	28,387,633
Tata Motors Ltd.	4,499,126	33,971,866
Tata Steel Ltd.	17,950,116	25,606,967
Tech Mahindra Ltd.	1,409,151	19,198,384
Vedanta Ltd.	2,481,696	6,456,271
Wipro Ltd.	3,297,591	15,133,823
TOTAL INDIA		523,498,230
Indonesia - 1.9%
Indofood Sukses Makmur Tbk PT	9,770,100	4,090,290
PT Adaro Energy Indonesia Tbk	31,320,200	5,053,491
PT Astra International Tbk	45,046,500	16,386,997
PT Telkom Indonesia Persero Tbk	94,334,900	20,679,701
PT United Tractors Tbk	3,320,500	5,254,718
TOTAL INDONESIA		51,465,197
Korea (South) - 13.5%
GS Holdings Corp.	206,775	6,029,266
Hana Financial Group, Inc.	658,509	19,118,940
Hankook Tire Co. Ltd.	170,918	4,842,017
HMM Co. Ltd.	805,355	8,710,105
Hyundai Glovis Co. Ltd.	49,237	6,239,451
Hyundai Mobis	146,877	22,712,353
Hyundai Motor Co. Ltd.	279,437	35,152,449
Hyundai Steel Co.	190,063	4,615,177
Industrial Bank of Korea	638,860	5,279,352
KB Financial Group, Inc.	844,103	32,128,047
Kia Corp.	591,304	33,731,975
Korea Investment Holdings Co. Ltd.	101,931	3,804,902
Korean Air Lines Co. Ltd.	409,723	6,224,765
Kumho Petro Chemical Co. Ltd.	42,549	3,993,107
LG Corp.	294,051	16,806,239
LG Electronics, Inc.	183,508	13,592,994
LG Uplus Corp.	476,107	3,562,996
Samsung Electronics Co. Ltd.	2,089,922	103,871,407
Shinhan Financial Group Co. Ltd.	1,124,079	28,850,742
Woori Financial Group, Inc.	1,507,582	13,296,363
TOTAL KOREA (SOUTH)		372,562,647
Kuwait - 0.8%
Agility Public Warehousing Co. KSC (a)	3,573,304	6,073,866
Mobile Telecommunication Co.	4,718,483	7,334,272
National Bank of Kuwait	3,575,855	10,134,189
TOTAL KUWAIT		23,542,327
Malaysia - 1.5%
Genting Bhd	4,745,300	4,015,396
IHH Healthcare Bhd	7,055,700	8,881,673
Kuala Lumpur Kepong Bhd	1,251,000	5,774,804
PPB Group Bhd	1,582,900	5,088,609
Sime Darby Plantation Bhd	7,387,400	6,734,577
Tenaga Nasional Bhd	5,942,700	12,349,320
TOTAL MALAYSIA		42,844,379
Mexico - 2.2%
Alfa SA de CV Series A	6,970,500	4,345,689
America Movil S.A.B. de CV Series L	36,113,800	29,826,085
Arca Continental S.A.B. de CV	1,019,600	9,142,977
CEMEX S.A.B. de CV unit (a)	17,636,200	10,594,045
Grupo Televisa SA de CV	5,630,600	2,582,787
Ternium SA sponsored ADR	109,217	4,094,545
TOTAL MEXICO		60,586,128
Peru - 0.2%
Credicorp Ltd. (United States)	36,594	4,572,786
Philippines - 0.7%
Aboitiz Equity Ventures, Inc.	5,011,900	4,036,661
Ayala Corp.	551,150	5,878,778
Metropolitan Bank & Trust Co.	4,003,460	3,682,823
PLDT, Inc.	192,325	4,099,858
Universal Robina Corp.	726,130	1,396,536
TOTAL PHILIPPINES		19,094,656
Poland - 0.8%
KGHM Polska Miedz SA (Bearer)	52,329	1,394,554
Orlen SA	1,188,449	18,763,276
PGE Polska Grupa Energetyczna SA (a)	1,897,419	3,287,559
TOTAL POLAND		23,445,389
Qatar - 0.9%
Industries Qatar QSC (a)	3,339,700	11,208,771
Ooredoo QSC	1,710,835	4,647,118
Qatar National Bank SAQ	2,323,608	9,502,478
TOTAL QATAR		25,358,367
Russia - 0.1%
Gazprom OAO (c)	9,889,350	1,035,073
Inter Rao Ues JSC (c)	63,735,100	351,472
Magnit OJSC (c)	135,409	2,783
Mobile TeleSystems OJSC sponsored ADR (a)(c)	753,517	750,495
Sberbank of Russia (c)	440,500	2,709
Surgutneftegas OJSC (c)	29,672,400	363,173
VK Co. Ltd. GDR (Reg. S) (a)(c)	217,763	479,079
VTB Bank OJSC (a)(c)	9,075,720,096	346,829
TOTAL RUSSIA		3,331,613
Saudi Arabia - 3.5%
Almarai Co. Ltd.	556,355	8,289,862
Banque Saudi Fransi	962,003	9,192,826
Etihad Etisalat Co.	839,652	10,317,720
Riyad Bank	1,688,807	11,951,654
Sahara International Petrochemical Co.	762,349	6,553,405
Saudi Electricity Co.	1,761,760	8,358,921
Saudi Telecom Co.	3,429,710	35,105,252
The Savola Group	582,283	5,649,616
TOTAL SAUDI ARABIA		95,419,256
South Africa - 3.1%
Absa Group Ltd.	1,264,127	11,525,176
Anglo American Platinum Ltd.	123,981	4,142,402
Aspen Pharmacare Holdings Ltd.	866,830	7,873,677
Exxaro Resources Ltd.	536,372	5,380,556
Growthpoint Properties Ltd. (d)	5,717,169	2,972,468
Impala Platinum Holdings Ltd.	1,931,851	8,047,303
MTN Group Ltd.	1,970,850	9,620,815
MultiChoice Group Ltd. (a)	982,129	3,678,735
Sasol Ltd.	1,298,732	16,415,634
Sibanye-Stillwater Ltd.	6,299,205	8,034,964
Woolworths Holdings Ltd.	1,814,035	6,753,904
TOTAL SOUTH AFRICA		84,445,634
Taiwan - 15.2%
Acer, Inc.	6,783,000	7,163,334
ASE Technology Holding Co. Ltd.	7,592,000	26,558,977
ASUSTeK Computer, Inc.	1,515,000	15,872,742
Catcher Technology Co. Ltd.	1,514,000	8,486,841
Cathay Financial Holding Co. Ltd.	20,714,023	28,088,319
Compal Electronics, Inc.	9,219,000	8,012,836
EVA Airways Corp.	5,729,000	4,854,532
Evergreen Marine Corp. (Taiwan)	2,260,300	7,515,984
Foxconn Technology Co. Ltd.	2,329,000	3,775,967
Fubon Financial Holding Co. Ltd.	11,296,675	20,991,059
Hon Hai Precision Industry Co. Ltd. (Foxconn)	13,992,000	41,729,957
Novatek Microelectronics Corp.	1,259,000	17,716,934
Pegatron Corp.	4,689,000	10,933,930
Pou Chen Corp.	5,640,000	5,023,415
Powerchip Semiconductor Manufacturing Corp.	6,606,600	5,430,538
Powertech Technology, Inc.	1,588,000	5,155,177
Radiant Opto-Electronics Corp.	1,035,000	3,964,083
Sino-American Silicon Products, Inc.	1,239,000	6,267,479
Taiwan Semiconductor Manufacturing Co. Ltd.	6,933,000	113,146,143
Uni-President Enterprises Corp.	8,116,000	17,013,835
Unimicron Technology Corp.	2,882,000	12,843,574
United Microelectronics Corp.	24,877,000	35,748,413
Wan Hai Lines Ltd.	3,122,000	4,458,720
Yang Ming Marine Transport Corp.	3,886,000	5,061,030
Zhen Ding Technology Holding Ltd.	1,412,400	4,267,015
TOTAL TAIWAN		420,080,834
Thailand - 1.6%
Advanced Information Service PCL NVDR	2,225,500	13,555,561
Bangkok Bank PCL:
(For. Reg.)	400	1,743
NVDR	1,274,000	5,551,906
Charoen Pokphand Foods PCL:
(For. Reg.)	34,900	18,054
NVDR	7,630,800	3,947,470
Kasikornbank PCL:
(For. Reg.)	12,500	45,463
NVDR	2,571,100	9,351,123
SCB X PCL NVDR	1,873,300	5,107,696
Thai Beverage PCL	19,007,800	7,507,721
TOTAL THAILAND		45,086,737
Turkey - 0.7%
Haci Omer Sabanci Holding A/S	2,115,265	3,996,104
Koc Holding A/S	1,819,812	8,790,850
Turkiye Is Bankasi A/S Series C	7,169,662	5,311,564
TOTAL TURKEY		18,098,518
United Arab Emirates - 1.6%
Emaar Properties PJSC	7,896,101	14,381,954
Emirates NBD Bank PJSC	4,976,618	22,965,879
Multiply Group (a)	7,477,417	6,921,649
TOTAL UNITED ARAB EMIRATES		44,269,482
United States of America - 0.2%
JBS SA	1,480,900	5,883,359
TOTAL COMMON STOCKS (Cost $2,877,127,400)		2,643,537,916

Nonconvertible Preferred Stocks - 2.8%
	Shares	Value ($)
Brazil - 2.6%
Gerdau SA	2,419,390	10,446,793
Metalurgica Gerdau SA (PN)	1,691,500	3,465,700
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.)	8,138,000	56,074,601
TOTAL BRAZIL		69,987,094
Chile - 0.1%
Sociedad Quimica y Minera de Chile SA (PN-B)	50,837	2,459,488
Colombia - 0.1%
Bancolombia SA (PN)	447,671	2,871,359
Russia - 0.0%
AK Transneft OAO (c)	2,792	810,352
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $64,570,123)		76,128,293

Government Obligations - 0.1%
	Principal Amount (e)	Value ($)
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (f) (Cost $1,868,412)	1,900,000	1,868,302

Money Market Funds - 1.5%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (g)	38,486,483	38,494,181
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h)	2,999,700	3,000,000
TOTAL MONEY MARKET FUNDS (Cost $41,494,181)		41,494,181

TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $2,985,060,116)	2,763,028,692
NET OTHER ASSETS (LIABILITIES) - (0.2)%	(4,584,065)
NET ASSETS - 100.0%	2,758,444,627

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
ICE MSCI Emerging Markets Index Contracts (United States)	839	Dec 2023	38,560,440	(1,090,836)	(1,090,836)

The notional amount of futures purchased as a percentage of Net Assets is 1.4%

Legend

(a)	Non-income producing

(b)

(c)	Level 3 security

(d)	Security or a portion of the security is on loan at period end.

(e)	Amount is stated in United States dollars unless otherwise noted.

(f)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,080,665.

(g)

(h)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	19,455,170	255,325,068	236,286,057	725,568	-	-	38,494,181	0.1%
Fidelity Securities Lending Cash Central Fund 5.40%	1,612,397	239,621,177	238,233,574	247,005	-	-	3,000,000	0.0%
Total	21,067,567	494,946,245	474,519,631	972,573	-	-	41,494,181

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	244,527,679	111,417,365	131,880,740	1,229,574
Consumer Discretionary	369,355,517	17,234,847	352,120,670	-
Consumer Staples	138,515,798	33,611,081	104,901,934	2,783
Energy	144,754,381	87,795,673	54,750,110	2,208,598
Financials	658,282,318	141,078,620	516,854,160	349,538
Health Care	93,322,845	7,873,677	85,449,168	-
Industrials	180,278,696	45,204,569	135,074,127	-
Information Technology	558,784,696	3,271,203	555,513,493	-
Materials	215,461,891	89,281,059	126,180,832	-
Real Estate	43,123,829	17,354,422	25,769,407	-
Utilities	73,258,559	15,782,523	57,124,564	351,472

Government Obligations	1,868,302	-	1,868,302	-

Money Market Funds	41,494,181	41,494,181	-	-
Total Investments in Securities:	2,763,028,692	611,399,220	2,147,487,507	4,141,965
Derivative Instruments: Liabilities
Futures Contracts	(1,090,836)	(1,090,836)	-	-
Total Liabilities	(1,090,836)	(1,090,836)	-	-
Total Derivative Instruments:	(1,090,836)	(1,090,836)	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	0	(1,090,836)
Total Equity Risk	0	(1,090,836)
Total Value of Derivatives	0	(1,090,836)

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $2,584,428) - See accompanying schedule:
Unaffiliated issuers (cost $2,943,565,935)	$	2,721,534,511
Fidelity Central Funds (cost $41,494,181)		41,494,181


Total Investment in Securities (cost $2,985,060,116)			$	2,763,028,692
Foreign currency held at value (cost $4,221,823)				4,216,586
Receivable for fund shares sold				2,317,512
Dividends receivable				5,813,151
Distributions receivable from Fidelity Central Funds				144,073
Prepaid expenses				3,390
Other receivables				382,004
Total assets				2,775,905,408
Liabilities
Payable for fund shares redeemed	$	890,942
Accrued management fee		350,648
Payable for daily variation margin on futures contracts		241,189
Deferred taxes		12,312,442
Other payables and accrued expenses		665,560
Collateral on securities loaned		3,000,000
Total Liabilities				17,460,781
Net Assets			$	2,758,444,627
Net Assets consist of:
Paid in capital			$	3,178,256,686
Total accumulated earnings (loss)				(419,812,059)
Net Assets			$	2,758,444,627
Net Asset Value, offering price and redemption price per share ($2,758,444,627 ÷ 244,818,579 shares)			$	11.27

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	150,610,028
Interest				100,090
Income from Fidelity Central Funds (including $247,005 from security lending)				972,573
Income before foreign taxes withheld			$	151,682,691
Less foreign taxes withheld				(17,813,290)
Total Income				133,869,401
Expenses
Management fee	$	4,141,661
Custodian fees and expenses		1,698,634
Independent trustees' fees and expenses		9,472
Registration fees		97,630
Audit		97,216
Legal		3,160
Interest		126,333
Miscellaneous		13,557
Total Expenses				6,187,663
Net Investment income (loss)				127,681,738
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $1,688,078)		(128,353,720)
Foreign currency transactions		(568,467)
Futures contracts		2,249,443
Total net realized gain (loss)				(126,672,744)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $6,257,757)		378,091,203
Assets and liabilities in foreign currencies		(63,959)
Futures contracts		(908,699)
Total change in net unrealized appreciation (depreciation)				377,118,545
Net gain (loss)				250,445,801
Net increase (decrease) in net assets resulting from operations			$	378,127,539

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	127,681,738	$	126,441,332
Net realized gain (loss)		(126,672,744)		(160,063,213)
Change in net unrealized appreciation (depreciation)		377,118,545		(724,011,121)
Net increase (decrease) in net assets resulting from operations		378,127,539		(757,633,002)
Distributions to shareholders		(124,080,652)		(110,523,013)

Share transactions
Proceeds from sales of shares		172,147,252		1,475,059,590
Reinvestment of distributions		113,809,111		110,523,013
Cost of shares redeemed		(214,463,522)		(254,572,119)

Net increase (decrease) in net assets resulting from share transactions		71,492,841		1,331,010,484
Total increase (decrease) in net assets		325,539,728		462,854,469

Net Assets
Beginning of period		2,432,904,899		1,970,050,430
End of period	$	2,758,444,627	$	2,432,904,899

Other Information
Shares
Sold		15,065,921		116,250,779
Issued in reinvestment of distributions		10,374,577		8,108,805
Redeemed		(19,027,713)		(23,481,271)
Net increase (decrease)		6,412,785		100,878,313

Financial Highlights

Fidelity® SAI Emerging Markets Value Index Fund

Years ended October 31,		2023		2022		2021		2020 A
Selected Per-Share Data
Net asset value, beginning of period	$	10.20	$	14.32	$	11.78	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.53		.61		.51		.19
Net realized and unrealized gain (loss)		1.07		(4.04)		2.22		1.59
Total from investment operations		1.60		(3.43)		2.73		1.78
Distributions from net investment income		(.53)		(.37)		(.17)		-
Distributions from net realized gain		-		(.32)		(.02)		-
Total distributions		(.53)		(.69)		(.19)		-
Net asset value, end of period	$	11.27	$	10.20	$	14.32	$	11.78
Total Return D,E		15.81%		(25.19)%		23.32%		17.80%
Ratios to Average Net Assets C,F,G
Expenses before reductions		.22%		.22%		.22%		.27% H,I
Expenses net of fee waivers, if any		.22%		.22%		.22%		.25% I
Expenses net of all reductions		.22%		.22%		.22%		.25% I
Net investment income (loss)		4.63%		4.95%		3.53%		3.43% I
Supplemental Data
Net assets, end of period (000 omitted)	$	2,758,445	$	2,432,905	$	1,970,050	$	838,148
Portfolio turnover rate J		35%		30%		33%		17% K

AFor the period May 12, 2020 (commencement of operations) through October 31, 2020.

BCalculated based on average shares outstanding during the period.

DTotal returns for periods of less than one year are not annualized.

ETotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

HAudit fees are not annualized.

IAnnualized.

JAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

KAmount not annualized.

Report of Independent Registered Public Accounting Firm

For the period ended October 31, 2023

1. Organization.

Fidelity SAI Emerging Markets Value Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares are offered exclusively to certain clients of Fidelity Management & Research Company LLC (FMR) or its affiliates. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2023, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Deferred taxes on the Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Book-tax differences are primarily due to, futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$247,083,704
Gross unrealized depreciation	(504,861,151)
Net unrealized appreciation (depreciation)	$(257,777,447)
Tax Cost	$3,020,806,139

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$122,190,850
Capital loss carryforward	$(271,838,382)
Net unrealized appreciation (depreciation) on securities and other investments	$(257,852,085)

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

Short-term	$(120,116,043)
Long-term	(151,722,339)
Total capital loss carryforward	$(271,838,382)

The tax character of distributions paid was as follows:

	October 31, 2023	October 31, 2022
Ordinary Income	$124,080,652	$ 96,324,436
Long-term Capital Gains	-	14,198,577
Total	$124,080,652	$ 110,523,013

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objectives allow for various types of derivative instruments, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

Derivatives were used to increase or decrease exposure to the following risk(s):


Equity Risk	Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, U.S. government securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity SAI Emerging Markets Value Index Fund	998,351,091	950,053,249

6. Fees and Other Transactions with Affiliates.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Interfund Lending Program. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (the SEC), the Fund, along with other registered investment companies having management contracts with Fidelity Management & Research Company LLC (FMR), or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the Fund to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Activity in this program during the period for which loans were outstanding was as follows:

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity SAI Emerging Markets Value Index Fund	Borrower	$ 16,177,980	4.90%	$108,006

7. Committed Line of Credit.

	Amount
Fidelity SAI Emerging Markets Value Index Fund	$4,957

8. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity SAI Emerging Markets Value Index Fund	$26,171	$-	$-

9. Bank Borrowings.

	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity SAI Emerging Markets Value Index Fund	$13,659,800	4.83%	$ 18,327

10. Other.

At the end of the period, the following mutual funds managed by the investment adviser or its affiliates were the owners of record of 10% or more of the total outstanding shares.

	Strategic Advisers Emerging Markets Fund	Strategic Advisers Fidelity Emerging Markets Fund
Fidelity SAI Emerging Markets Value Index Fund	27%	64%

Mutual funds managed by the investment adviser or its affiliates, in aggregate, were the owners of record of more than 20% of the total outstanding shares.

Fund	% of shares held
Fidelity SAI Emerging Markets Value Index Fund	91%

11. Risk and Uncertainties.

To the Board of Trustees of Fidelity Salem Street Trust and Shareholders of Fidelity SAI Emerging Markets Value Index Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity SAI Emerging Markets Value Index Fund (one of the funds constituting Fidelity Salem Street Trust, referred to hereafter as the "Fund") as of October 31, 2023, the related statement of operations for the year ended October 31, 2023, the statement of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the three years in the period ended October 31, 2023 and for the period May 12, 2020 (commencement of operations) through October 31, 2020 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2023, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the three years in the period ended October 31, 2023 and for the period May 12, 2020 (commencement of operations) through October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2023

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

TRUSTEES AND OFFICERS

The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Laura M. Bishop, Jonathan Chiel, Robert W. Helm, Christine J. Thompson, and Carol J. Zierhoffer, each of the Trustees oversees 313 funds. Mr. Chiel oversees 191 funds. Ms. Bishop, Mr. Helm, Ms. Thompson, and Ms. Zierhoffer each oversees 229 funds.

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-3455.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Michael E. Kenneally serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity's alternative investment, high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Christine J. Thompson (1958)

Year of Election or Appointment: 2023

Trustee

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Laura M. Bishop (1961)

Year of Election or Appointment: 2023

Trustee

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Robert W. Helm (1957)

Year of Election or Appointment: 2023

Trustee

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Chairman of the Independent Trustees

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Carol J. Zierhoffer (1960)

Year of Election or Appointment: 2023

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

David J. Carter (1973)

Year of Election or Appointment: 2020

Assistant Secretary

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Robin Foley (1964)

Year of Election or Appointment: 2023

Vice President

Christopher M. Gouveia (1973)

Year of Election or Appointment: 2023

Chief Compliance Officer

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2021

Deputy Treasurer

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023

Fidelity® SAI Emerging Markets Value Index Fund	.22%
Actual		$ 1,000	$ 978.30	$ 1.10
Hypothetical-B		$ 1,000	$ 1,024.10	$ 1.12

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates 49.56% % of the dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are $0.6024 and $0.0744 for the dividend paid December 12, 2022.

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity SAI Emerging Markets Value Index Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), considers the renewal of the fund's management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreement (Sub-Advisory Agreement) for the fund with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts). FMR and Geode are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board's Operations Committee, of which all the Independent Trustees are members, meets regularly throughout the year and requests, receives and considers, among other matters, information related to the annual consideration of the renewal of the fund's Advisory Contracts before making its recommendation to the Board. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet from time to time with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2023 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness relative to peer funds of the fund's management fee and total expense ratio; (iii) the total costs of the services provided by and the profits realized by Fidelity and Geode from their respective relationships with the fund; and (iv) the extent to which, if any, economies of scale exist and are realized as the fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered the broad range of investment choices available to shareholders from FMR's competitors and that the fund's shareholders have chosen to invest in the fund, which is part of the Fidelity family of funds. The Board's decision to renew the Advisory Contracts was not based on any single factor.

The Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable in light of all of the surrounding circumstances.

Nature, Extent, and Quality of Services Provided. The Board considered the Investment Advisers' staffing as it relates to the fund, including the backgrounds and experience of investment personnel, and also considered the Investment Advisers' implementation of the fund's investment program. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and with senior management of Geode. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of the fund.

The Trustees also discussed with representatives of Fidelity, at meetings throughout the year, Fidelity's role in, among other things, overseeing compliance with federal securities laws and other applicable requirements by Geode with respect to the fund and monitoring and overseeing the performance and investment capabilities of Geode. The Trustees considered that the Board had received from Fidelity periodic reports about its oversight and due diligence processes, as well as periodic reports regarding the performance of Geode.

The Board also considered the nature, extent and quality of services provided by Geode. The Trustees noted that under the Sub-Advisory Agreement, subject to oversight by Fidelity, Geode is responsible for, among other things, identifying investments and arranging for execution of portfolio transactions to implement the fund's investment strategy. In addition, the Trustees noted that Geode is responsible for providing such reporting as may be requested by Fidelity to fulfill its oversight responsibilities discussed above.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's and Geode's approach to recruiting, managing, training, and compensating investment personnel. The Board noted the resources devoted to Fidelity's global investment organization and that Fidelity's and Geode's analysts have extensive resources, tools and capabilities that allow them to conduct quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties, and guarantors. Further, the Board considered that Fidelity's and Geode's investment professionals have sufficient access to information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, cybersecurity, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and by FMR's affiliates under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of Fidelity's supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted by Fidelity to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers. The Board also considered the fund's securities lending activities and any payments made to Fidelity relating to securities lending.

Investment Performance. The Board took into account discussions that occur with representatives of the Investment Advisers, and reports that it receives, at Board meetings throughout the year relating to fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considered annualized return information for the fund for different time periods, measured against the securities market index the fund seeks to track (benchmark index). The Board also periodically considers the fund's tracking error versus its benchmark index. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds over different time periods and discussed with the Investment Advisers the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that an index fund's performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) of the fund compared to the fund's benchmark index, over appropriate time periods taking into account relevant factors including the following: general market conditions; the characteristics of the fund's benchmark index; the extent to which statistical sampling is employed; any securities lending revenues; and fund cash flows and other factors.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio. The Board was provided with information regarding industry trends in management fees and expenses. In its review of the fund's management fee and total expense ratio, the Board considered the fund's management fee rate as well as other fund expenses, such as custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund.

Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "mapped groups") that were compiled by Fidelity based on combining similar investment objective categories (as classified by Lipper) that have comparable investment mandates. The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) relative to the total universe of funds within the mapped group; (ii) gross management fee comparisons relative to a subset of non-Fidelity funds in the mapped group that are similar in size and management fee structure to the fund (referred to as the "asset size peer group"); (iii) total expense comparisons of the fund relative to funds and classes in the mapped group that have a similar sales load structure to the fund (referred to as the "similar sales load structure group"); and (iv) total expense comparisons of the fund relative to funds and classes in the similar sales load structure group that are similar in size and management fee structure to the fund (referred to as the "total expense asset size peer group"). The total expense asset size peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The information provided to the Board indicated that the fund's management fee rate ranked below the competitive median of the mapped group for 2022 and below the competitive median of the asset size peer group for 2022. Further, the information provided to the Board indicated that the total expense ratio of the fund ranked above the competitive median of the similar sales load structure group for 2022 and above the competitive median of the total expense asset size peer group for 2022.

The Board considered that, when compared to a subset of each group that excludes funds in a fund complex with a unique at-cost service model, the fund's total expense ratio would not be above the competitive median for 2022.

Other Contractual Arrangements. The Board further considered that FMR has contractually agreed to reimburse the fund to the extent that total operating expenses, with certain exceptions, as a percentage of its average net assets, exceed 0.25% through February 29, 2024.

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered. Further, based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with the fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund and was satisfied that the profitability was not excessive.

The Board also considered information regarding the profitability of Geode's relationship with the fund.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board also noted that a committee created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Fidelity® Emerging Markets Index Fund

A special meeting of shareholders was held on October 18, 2023. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.
Proposal 1
To elect a Board of Trustees.
	# of Votes	% of Votes
Abigail P. Johnson
Affirmative	378,729,502,260.010	97.580
Withheld	9,407,876,478.960	2.420
TOTAL	388,137,378,738.970	100.000
Jennifer Toolin McAuliffe
Affirmative	378,454,868,010.950	97.510
Withheld	9,682,510,728.020	2.490
TOTAL	388,137,378,738.970	100.000
Christine J. Thompson
Affirmative	378,837,121,274.520	97.600
Withheld	9,300,257,464.450	2.400
TOTAL	388,137,378,738.970	100.000
Elizabeth S. Acton
Affirmative	378,262,110,794.850	97.460
Withheld	9,875,267,944.120	2.540
TOTAL	388,137,378,738.970	100.000
Laura M. Bishop
Affirmative	380,482,113,171.060	98.030
Withheld	7,655,265,567.910	1.970
TOTAL	388,137,378,738.970	100.000
Ann E. Dunwoody
Affirmative	380,016,034,008.120	97.910
Withheld	8,121,344,730.850	2.090
TOTAL	388,137,378,738.970	100.000
John Engler
Affirmative	379,432,488,394.200	97.760
Withheld	8,704,890,344.770	2.240
TOTAL	388,137,378,738.970	100.000
Robert F. Gartland
Affirmative	378,741,819,600.600	97.580
Withheld	9,395,559,138.370	2.420
TOTAL	388,137,378,738.970	100.000
Robert W. Helm
Affirmative	380,389,324,755.070	98.000
Withheld	7,748,053,983.900	2.000
TOTAL	388,137,378,738.970	100.000
Arthur E. Johnson
Affirmative	378,427,694,151.670	97.500
Withheld	9,709,684,587.300	2.500
TOTAL	388,137,378,738.970	100.000
Michael E. Kenneally
Affirmative	377,842,228,145.180	97.350
Withheld	10,295,150,593.790	2.650
TOTAL	388,137,378,738.970	100.000
Mark A. Murray
Affirmative	380,158,432,703.370	97.940
Withheld	7,978,946,035.600	2.060
TOTAL	388,137,378,738.970	100.000
Carol J. Zierhoffer
Affirmative	380,522,113,360.240	98.040
Withheld	7,615,265,378.730	1.960
TOTAL	388,137,378,738.970	100.000

Proposal 1 reflects trust wide proposal and voting results.

1.9900583.103

EMV-ANN-1223

Fidelity® Emerging Markets Index Fund

Fidelity® Global ex U.S. Index Fund

Annual Report

October 31, 2023

Contents

Fidelity® Global ex U.S. Index Fund

Report of Independent Registered Public Accounting Firm

Fidelity® Emerging Markets Index Fund

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, 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.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.

Average Annual Total Returns

Periods ended October 31, 2023	Past 1 year	Past 5 years	Past 10 years
Fidelity® Emerging Markets Index Fund	10.74%	1.43%	1.31%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity® Emerging Markets Index Fund on October 31, 2013.

The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period.

Fidelity® Emerging Markets Index Fund

Market Recap:

International (non-U.S.) equities gained 12.27% for the 12 months ending October 31, 2023, according to the MSCI ACWI (All Country World Index) ex USA Index, as global economic expansion and a slowing in the pace of inflation in some markets provided a favorable backdrop for risk assets. After returning -15.86% in 2022, the index's upturn has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence applications. The index gained 14.07% year to date through July, including strong gains in both June (+4.50%) and July (+4.07%). The rally for international equities sputtered for the next three months (-11.33%) amid a stalling pattern in disinflationary trends, heightened global recession and geopolitical risks, soaring yields on longer-term U.S. government bonds and particularly weak economic conditions in the eurozone and China. The three-month decline left non-U.S. stocks up 1.15% year to date through October. Currency fluctuations also helped bolster non-U.S. equity performance overall. For the full 12 months, nearly all regions advanced, with Europe ex U.K. (+18%) and Japan (+17%) leading, whereas Canada (-0.38%) lagged by the widest margin. Each of the 11 sectors advanced, with information technology (+21%) and consumer discretionary (+19%) leading the way. Energy and industrials each rose about 14%. Conversely, four defensive-oriented sectors lagged by the widest margin: real estate (+4%), health care (+6%), consumer staples (+7%) and utilities (+8%).

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending October 31, 2023, the fund gained 10.74%, versus 10.84% for the benchmark MSCI Emerging Markets (Net MA) Index. From a regional standpoint, Emerging Asia gained 14% and contributed most, followed by Emerging Europe (+13%). In contrast, Middle East returned -13% and was a notable detractor. By sector, information technology gained 22% and contributed most, driven by the semiconductors & semiconductor equipment industry (+33%). Consumer discretionary stocks also helped (+17%). Communication services rose 22%, financials gained approximately 5%, lifted by insurance (+29%), and energy advanced 12%. Other notable contributors included the consumer staples (+6%), real estate (+12%) and health care (+3%) sectors. Conversely, materials returned -3% and detracted most. Utilities (-8%) and industrials (+0.29%), especially in the capital goods industry (+0.26%), also hurt. Turning to individual stocks, the top contributor was Taiwan Semiconductor (+37%), from the semiconductors & semiconductor equipment category. Tencent Holdings (+50%), a stock in the media & entertainment industry, contributed. Samsung Electronics, within the technology hardware & equipment category, gained 19% and lifted the fund. In consumer discretionary distribution & retail, Alibaba gained roughly 31% and lifted the fund. Lastly, Petrobras (+63%), a stock in the energy category, boosted the fund. In contrast, the biggest individual detractor was Meituan (-12%), from the consumer services group. In consumer discretionary distribution & retail, JD.com returned -30%. In technology hardware & equipment, Samsung SDI returned -39% and detracted, while Adani Total Gas, within the utilities group, returned approximately -82%. Lastly, EcoPro, within the materials group, returned about -52%.

Fidelity® Emerging Markets Index Fund

Top Holdings (% of Fund's net assets)

Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	6.2
Tencent Holdings Ltd. (China, Interactive Media & Services)	3.8
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	3.7
Alibaba Group Holding Ltd. (China, Broadline Retail)	2.6
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels)	1.3
Meituan Class B (China, Hotels, Restaurants & Leisure)	1.1
PDD Holdings, Inc. ADR (China, Broadline Retail)	1.0
ICICI Bank Ltd. (India, Banks)	0.9
Infosys Ltd. (India, IT Services)	0.8
China Construction Bank Corp. (H Shares) (China, Banks)	0.8
	22.2

Market Sectors (% of Fund's net assets)

Financials	21.9
Information Technology	19.9
Consumer Discretionary	12.8
Communication Services	8.9
Materials	6.7
Industrials	6.2
Consumer Staples	6.0
Energy	5.2
Health Care	4.1
Utilities	3.0
Real Estate	1.6

Asset Allocation (% of Fund's net assets)

Futures - 3.4%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Emerging Markets Index Fund

Showing Percentage of Net Assets

Common Stocks - 94.3%
	Shares	Value ($)
Brazil - 3.7%
Ambev SA	4,583,100	11,690,121
Atacadao SA	612,900	1,090,437
B3 SA - Brasil Bolsa Balcao	5,642,142	12,421,833
Banco Bradesco SA	1,557,080	3,795,609
Banco BTG Pactual SA unit	1,143,700	6,714,637
Banco do Brasil SA	833,400	7,992,243
Banco Santander SA (Brasil) unit	362,900	1,937,674
BB Seguridade Participacoes SA	678,800	4,141,397
CCR SA	979,500	2,327,448
Centrais Eletricas Brasileiras SA (Electrobras)	1,149,565	7,943,838
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)	332,700	3,851,777
Companhia Siderurgica Nacional SA (CSN)	642,900	1,499,579
Cosan SA	1,180,796	3,688,707
CPFL Energia SA (a)	218,100	1,446,574
Energisa SA unit	205,800	1,902,581
Eneva SA (a)	850,800	1,825,885
ENGIE Brasil Energia SA	200,750	1,564,829
Equatorial Energia SA	991,980	6,217,398
Hapvida Participacoes e Investimentos SA (a)(b)	5,117,044	3,745,107
Hypera SA (a)	368,400	2,213,286
Itausa-Investimentos Itau SA	73,365	124,852
Klabin SA unit	734,700	3,118,477
Localiza Rent a Car SA	873,934	8,817,776
Localiza Rent a Car SA rights 11/10/23 (a)	6,408	8,897
Lojas Renner SA (a)	933,498	2,269,983
Magazine Luiza SA (a)	2,943,224	776,415
Natura & Co. Holding SA	871,390	2,203,644
Petroleo Brasileiro SA - Petrobras (ON)	3,589,997	26,944,114
Prio SA (a)	774,200	7,324,707
Raia Drogasil SA	1,249,536	6,394,214
Rede D'Oregon Sao Luiz SA (b)	554,920	2,379,604
Rumo SA	1,258,300	5,568,041
Sendas Distribuidora SA	1,309,200	2,840,809
Suzano Papel e Celulose SA	770,217	7,878,235
Telefonica Brasil SA	403,500	3,620,636
TIM SA	820,900	2,469,986
Totvs SA	508,200	2,551,206
Ultrapar Participacoes SA	702,600	2,849,838
Vale SA	3,300,907	45,175,303
Vibra Energia SA (a)	1,129,491	4,433,506
Weg SA	1,627,964	10,658,817
TOTAL BRAZIL		236,420,020
Chile - 0.4%
Banco de Chile	44,087,921	4,529,480
Banco de Credito e Inversiones	73,972	1,768,716
Banco Santander Chile	63,959,192	2,788,478
Cencosud SA	1,251,133	2,026,975
Compania Cervecerias Unidas SA	125,964	716,095
Compania Sud Americana de Vapores SA	14,909,355	827,927
Empresas CMPC SA	1,090,735	1,949,917
Empresas COPEC SA	378,195	2,503,693
Enel Americas SA (a)	20,621,719	2,119,774
Enel Chile SA	26,843,636	1,589,623
Falabella SA	849,597	1,730,045
TOTAL CHILE		22,550,723
China - 28.7%
360 Security Technology, Inc. (A Shares) (a)	415,500	510,647
37 Interactive Entertainment Network Technology Group Co. Ltd. (A Shares)	129,000	364,965
3Peak, Inc. (A Shares)	6,867	151,231
3SBio, Inc. (b)	1,773,500	1,577,780
AAC Technology Holdings, Inc.	697,500	1,255,526
Accelink Technologies Co. Ltd. (A Shares)	46,700	172,120
Advanced Micro-Fabrication Equipment, Inc., China (A Shares)	35,954	842,310
AECC Aero-Engine Control Co. Ltd. (A Shares)	77,100	218,918
AECC Aviation Power Co. Ltd.	155,500	752,070
Agricultural Bank of China Ltd.:
(A Shares)	4,900,000	2,405,101
(H Shares)	28,388,000	10,485,297
Aier Eye Hospital Group Co. Ltd. (A Shares)	542,971	1,357,793
AIMA Technology Group Co. Ltd.	50,000	192,063
Air China Ltd.:
(A Shares) (a)	591,200	648,477
(H Shares) (a)	1,912,000	1,300,750
Airtac International Group	136,551	4,486,011
Akeso, Inc. (a)(b)	489,000	2,746,007
Alibaba Group Holding Ltd. (a)	15,921,840	163,916,602
Alibaba Health Information Technology Ltd. (a)	5,250,000	3,092,664
Aluminum Corp. of China Ltd.:
(A shares)	826,400	700,453
(H Shares)	3,714,000	1,986,732
Amlogic Shanghai Co. Ltd. (A Shares) (a)	24,160	198,538
Angel Yeast Co. Ltd. (A Shares)	50,800	242,943
Anhui Conch Cement Co. Ltd.:
(A Shares)	245,600	812,383
(H Shares)	1,177,000	2,929,194
Anhui Gujing Distillery Co. Ltd.:
(A Shares)	23,200	884,389
(B Shares)	106,200	1,655,279
Anhui Honglu Steel Construction Group Co. Ltd.	40,210	138,157
Anhui Jianghuai Automobile Group Corp. Ltd. (A Shares) (a)	126,900	314,554
Anhui Kouzi Distillery Co. Ltd. (A Shares)	35,000	240,245
Anhui Yingjia Distillery Co. Ltd. (A Shares)	38,900	407,933
Anjoy Foods Group Co. Ltd. (A Shares)	17,000	300,319
Anker Innovations Technology Co. Ltd. (A Shares)	19,700	252,385
Anta Sports Products Ltd.	1,236,000	13,978,531
Apeloa Pharmaceutical Co. Ltd. A Shares	68,300	161,010
Asia - Potash International Investment Guangzhou Co. Ltd. (A Shares) (a)	54,000	210,552
ASR Microelectronics Co. Ltd. (A Shares)	24,255	216,198
Asymchem Laboratories Tianjin Co. Ltd. (A Shares)	19,940	411,574
Autobio Diagnostics Co. Ltd.	34,300	208,449
Autohome, Inc. ADR Class A	65,668	1,756,619
Avary Holding Shenzhen Co. Ltd. (A Shares)	112,300	329,144
AVIC Capital Co. Ltd. (A Shares)	513,700	233,971
AviChina Industry & Technology Co. Ltd. (H Shares)	2,412,000	1,093,159
Avicopter PLC (A Shares)	34,500	179,115
BAIC BluePark New Energy Technology Co. Ltd. (A Shares) (a)	324,200	303,906
Baidu, Inc. Class A (a)	2,186,852	28,710,762
Bank of Beijing Co. Ltd. (A Shares)	1,226,980	765,191
Bank of Changsha Co. Ltd. (A Shares)	232,500	233,599
Bank of Chengdu Co. Ltd. (A Shares)	221,400	374,262
Bank of China Ltd.:
(A Shares)	1,997,700	1,065,067
(H Shares)	77,104,000	26,935,157
Bank of Communications Co. Ltd.:
(A Shares)	2,212,800	1,703,030
(H Shares)	8,587,000	5,079,261
Bank of Hangzhou Co. Ltd. (A Shares)	343,120	501,957
Bank of Jiangsu Co. Ltd. (A Shares)	901,800	850,942
Bank of Nanjing Co. Ltd. (A Shares)	599,800	642,997
Bank of Ningbo Co. Ltd. (A Shares)	384,180	1,312,266
Bank of Shanghai Co. Ltd. (A Shares)	823,377	683,390
Bank of Suzhou Co. Ltd.	211,900	181,966
Baoshan Iron & Steel Co. Ltd. (A Shares)	1,296,800	1,109,561
BeiGene Ltd. (a)	670,030	9,618,871
Beijing Capital International Airport Co. Ltd. (H Shares) (a)	1,822,000	671,111
Beijing Dabeinong Technology Group Co. Ltd. (A Shares) (a)	243,900	235,113
Beijing E-Hualu Information Technology Co. Ltd. (A Shares) (a)	39,200	155,511
Beijing Easpring Material Technology Co. Ltd. (A Shares)	29,600	178,513
Beijing Enlight Media Co. Ltd. (A Shares)	171,500	183,430
Beijing Enterprises Holdings Ltd.	492,500	1,640,942
Beijing Enterprises Water Group Ltd.	3,860,000	814,481
Beijing Kingsoft Office Software, Inc. (A Shares)	26,847	1,056,195
Beijing New Building Materials PLC (A Shares)	98,200	328,397
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. (A Shares)	73,000	248,565
Beijing Roborock Technology Co. Ltd. (A Shares)	7,579	327,685
Beijing Shiji Information Technology Co. Ltd. (A Shares)	132,196	190,718
Beijing Tiantan Biological Products Corp. Ltd. (A Shares)	95,800	378,038
Beijing Tongrentang Co. Ltd. (A Shares)	79,800	560,117
Beijing United Information Technology Co. Ltd. (A Shares)	42,070	216,616
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. (A Shares)	49,207	295,152
Beijing Yanjing Brewery Co. Ltd. (A Shares)	164,700	234,177
Beijing-Shanghai High Speed Railway Co. Ltd. (A Shares)	1,905,000	1,302,455
Beiqi Foton Motor Co. Ltd. (A Shares) (a)	464,900	192,733
Bethel Automotive Safety Systems Co. Ltd. (A Shares)	23,900	247,377
Betta Pharmaceuticals Co. Ltd. (A Shares)	24,300	202,152
BGI Genomics Co. Ltd.	24,100	162,174
Bilibili, Inc. Class Z (a)(c)	190,452	2,555,434
Bloomage Biotechnology Corp. Ltd. (A Shares)	28,015	292,887
BOC Aviation Ltd. Class A (b)	201,700	1,240,472
BOC International China Co. Ltd.	161,900	241,331
BOE Technology Group Co. Ltd. (A Shares)	2,183,000	1,170,323
Bosideng International Holdings Ltd.	3,694,000	1,458,500
BTG Hotels Group Co. Ltd. (a)	64,500	147,280
By-Health Co. Ltd. (A Shares)	98,400	246,418
BYD Co. Ltd.:
(A Shares)	105,900	3,456,217
(H Shares)	1,011,000	30,744,641
BYD Electronic International Co. Ltd.	764,500	3,191,417
C&D International Investment Group Ltd.	716,674	1,612,352
Caitong Securities Co. Ltd.	271,490	294,788
Cambricon Technologies Corp. Ltd. (A Shares) (a)	24,229	357,678
Canmax Technologies Co. Ltd. (A Shares)	48,320	179,746
CECEP Solar Energy Co. Ltd. (A Shares)	221,500	173,829
CECEP Wind-Power Corp. (A Shares)	366,910	159,055
CETC Cyberspace Security Technology Co. Ltd. (A Shares)	49,100	148,055
CGN Power Co. Ltd. (H Shares) (b)	10,377,000	2,493,672
Changchun High & New Technology Industry Group, Inc. (A Shares)	23,500	500,271
Changjiang Securities Co. Ltd. (A Shares)	323,200	251,423
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. (A Shares)	16,500	329,953
Chaozhou Three-Circle Group Co. (A Shares)	111,400	470,490
Chengxin Lithium Group Co. Ltd. (A Shares)	52,900	169,928
Chifeng Jilong Gold Mining Co. Ltd. (A Shares) (a)	96,900	195,084
China Baoan Group Co. Ltd. (A Shares)	150,200	212,215
China Cinda Asset Management Co. Ltd. (H Shares)	9,218,000	896,386
China CITIC Bank Corp. Ltd.:
(A Shares)	32,900	24,199
(H Shares)	8,594,000	3,833,855
China Coal Energy Co. Ltd. (H Shares)	1,990,000	1,563,079
China Communications Services Corp. Ltd. (H Shares)	2,320,000	948,941
China Conch Venture Holdings Ltd.	1,406,000	1,164,412
China Construction Bank Corp.:
(A Shares)	488,800	418,890
(H Shares)	93,357,000	52,798,807
China CSSC Holdings Ltd. (A Shares)	259,900	919,746
China Eastern Airlines Corp. Ltd. (A Shares) (a)	988,700	589,314
China Energy Engineering Corp. Ltd. (A Shares)	1,897,500	565,625
China Everbright Bank Co. Ltd.:
(A Shares)	2,528,700	1,026,510
(H Shares)	3,323,000	947,874
China Everbright International Ltd.	3,584,333	1,223,607
China Feihe Ltd. (b)	3,518,000	2,185,987
China Film Co. Ltd. (A Shares) (a)	108,300	176,973
China Galaxy Securities Co. Ltd.:
(A Shares)	259,800	430,869
(H Shares)	3,398,500	1,739,381
China Gas Holdings Ltd.	2,649,000	2,381,469
China Great Wall Securities Co. Ltd. (A Shares)	236,300	269,998
China Greatwall Technology Group Co. Ltd. (A Shares)	187,400	281,667
China Hongqiao Group Ltd.	2,298,000	2,151,421
China Huishan Dairy Holdings Co. Ltd. (a)(d)	888,000	1
China International Capital Corp. Ltd.	114,200	575,403
China International Capital Corp. Ltd. (H Shares) (b)	1,474,800	2,348,997
China Jinmao Holdings Group Ltd.	5,906,210	724,437
China Jushi Co. Ltd. (A Shares)	232,104	367,412
China Life Insurance Co. Ltd.:
(A Shares)	156,100	717,049
(H Shares)	7,234,000	9,797,721
China Literature Ltd. (a)(b)	394,600	1,328,809
China Longyuan Power Grid Corp. Ltd. (H Shares)	3,255,000	2,755,449
China Medical System Holdings Ltd.	1,308,000	2,091,621
China Meheco Co. Ltd. (A Shares)	87,760	143,436
China Meidong Auto Holding Ltd. (c)	650,000	348,589
China Mengniu Dairy Co. Ltd.	3,061,000	9,994,584
China Merchants Bank Co. Ltd.:
(A Shares)	1,211,000	5,095,977
(H Shares)	3,770,846	14,303,930
China Merchants Energy Shipping Co. Ltd. (A Shares)	472,600	415,557
China Merchants Holdings International Co. Ltd.	1,357,283	1,727,733
China Merchants Securities Co. Ltd. (A Shares)	434,000	839,156
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares)	451,000	680,422
China Minmetals Rare Earth Co. Ltd. (A Shares)	57,100	234,170
China Minsheng Banking Corp. Ltd.:
(A Shares)	2,617,500	1,331,147
(H Shares)	5,524,040	1,836,527
China National Building Materials Co. Ltd. (H Shares)	3,756,000	1,787,841
China National Chemical Engineering Co. Ltd. (A Shares)	355,700	340,508
China National Medicines Corp. Ltd. (A Shares)	43,900	172,780
China National Nuclear Power Co. Ltd. (A Shares)	1,097,100	1,113,083
China National Software & Service Co. Ltd. (A Shares)	49,910	234,671
China Northern Rare Earth Group High-Tech Co. Ltd.	210,500	601,572
China Oilfield Services Ltd. (H Shares)	1,754,000	2,073,789
China Overseas Land and Investment Ltd.	3,715,000	7,010,612
China Overseas Property Holdings Ltd.	1,275,000	1,107,314
China Pacific Insurance (Group) Co. Ltd.	393,700	1,492,937
China Pacific Insurance (Group) Co. Ltd. (H Shares)	2,563,000	6,313,618
China Petroleum & Chemical Corp.:
(A Shares)	2,099,700	1,568,022
(H Shares)	23,629,000	12,084,764
China Power International Development Ltd.	4,821,563	1,873,831
China Railway Group Ltd.:
(A Shares)	1,188,100	982,682
(H Shares)	4,094,000	1,932,222
China Railway Signal & Communications Corp. (A Shares)	417,386	268,001
China Resource Gas Group Ltd.	900,800	2,662,879
China Resources Beer Holdings Co. Ltd.	1,572,878	8,323,147
China Resources Cement Holdings Ltd.	2,362,000	607,338
China Resources Land Ltd.	3,110,744	11,643,852
China Resources Microelectronics Ltd. (A Shares)	76,694	557,784
China Resources Mixc Lifestyle Services Ltd. (b)	664,400	2,592,103
China Resources Pharmaceutical Group Ltd. (b)	1,522,500	945,772
China Resources Power Holdings Co. Ltd.	1,869,691	3,623,258
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. (A Shares)	57,400	338,346
China Ruyi Holdings Ltd. (a)(c)	5,436,000	1,251,784
China Shenhua Energy Co. Ltd.:
(A Shares)	358,700	1,485,739
(H Shares)	3,308,000	10,138,928
China Southern Airlines Ltd.:
(A Shares) (a)	487,000	411,202
(H Shares) (a)	2,096,000	991,803
China State Construction Engineering Corp. Ltd. (A Shares)	2,441,780	1,728,496
China State Construction International Holdings Ltd.	1,957,000	2,096,221
China Taiping Insurance Group Ltd.	1,393,777	1,287,538
China Three Gorges Renewables Group Co. Ltd. (A Shares)	1,652,000	1,084,282
China Tourism Group Duty Free Corp. Ltd.:
(A Shares)	111,200	1,438,538
(H Shares) (b)	81,700	922,655
China Tower Corp. Ltd. (H Shares) (b)	43,022,000	4,011,839
China Traditional Chinese Medicine Holdings Co. Ltd.	2,928,000	1,442,761
China United Network Communications Ltd. (A Shares)	1,849,900	1,127,641
China Vanke Co. Ltd.:
(A Shares)	594,700	920,066
(H Shares)	2,091,900	1,957,090
China XD Electric Co. Ltd. (A Shares)	299,900	189,547
China Yangtze Power Co. Ltd. (A Shares)	1,433,300	4,422,560
China Zhenhua (Group) Science & Technology Co. Ltd. (A Shares)	30,200	276,340
China Zheshang Bank Co. Ltd.	1,248,480	435,417
ChinaSoft International Ltd.	2,602,000	1,887,798
Chongqing Brewery Co. Ltd. (A Shares)	28,200	302,631
Chongqing Changan Automobile Co. Ltd. (A Shares)	481,176	995,990
Chongqing Fuling Zhacai Group Co. Ltd. Group (A Shares)	67,260	142,062
Chongqing Rural Commercial Bank Co. Ltd.:
(A Shares)	459,300	266,882
(H Shares)	70,000	26,501
Chongqing Taiji Industry Group Co. Ltd. (A Shares) (a)	32,400	185,922
Chongqing Zhifei Biological Products Co. Ltd. (A Shares)	139,650	1,197,167
Chow Tai Fook Jewellery Group Ltd.	1,938,000	2,736,697
CITIC Pacific Ltd.	5,640,000	4,793,654
CITIC Securities Co. Ltd.:
(A Shares)	733,695	2,178,338
(H Shares)	1,743,425	3,392,457
Cmoc Group Ltd.:
(A Shares)	955,900	724,935
(H Shares)	3,720,000	2,218,650
CNGR Advanced Material Co. Ltd.	39,100	290,912
CNNC Hua Yuan Titanium Dioxide Co. Ltd. (A Shares)	225,620	146,933
CNPC Capital Co. Ltd. (A Shares)	367,300	298,011
Contemporary Amperex Technology Co. Ltd.	255,880	6,498,675
COSCO Shipping Development Co. Ltd. (A Shares)	577,600	181,587
COSCO Shipping Energy Transportation Co. Ltd.:
(A Shares)	190,200	374,888
(H Shares)	1,276,000	1,353,240
COSCO SHIPPING Holdings Co. Ltd.:
(A Shares) (a)	688,410	920,055
(H Shares)	3,001,550	3,052,688
Cosco Shipping Ports Ltd.	1,356,977	818,653
Country Garden Holdings Co. Ltd. (a)(c)	12,058,958	1,078,345
Country Garden Services Holdings Co. Ltd. (c)	2,128,000	1,858,823
CRRC Corp. Ltd.:
(A Shares)	1,405,800	1,026,960
(H Shares)	4,249,000	1,770,236
CSC Financial Co. Ltd. (A Shares)	252,800	836,182
CSPC Pharmaceutical Group Ltd.	8,655,840	7,560,615
Dajin Heavy Industry Co. Ltd.	37,600	142,451
Daqin Railway Co. Ltd. (A Shares)	882,500	869,982
Daqo New Energy Corp. ADR (a)	56,168	1,430,037
DaShenLin Pharmaceutical Group Co. Ltd.	66,367	216,069
Datang International Power Generation Co. Ltd. (A Shares)	586,200	207,569
DHC Software Co. Ltd. (A Shares)	185,900	160,224
Do-Fluoride New Materials Co. Ltd. (A Shares)	68,880	150,689
Dong-E-E-Jiao Co. Ltd. (A Shares)	37,500	237,944
Dongfang Electric Corp. Ltd. (A Shares)	162,100	330,302
Dongfeng Motor Group Co. Ltd. (H Shares)	2,548,000	1,121,692
Dongxing Securities Co. Ltd. (A Shares)	186,800	204,324
Dongyue Group Co. Ltd.	1,529,000	1,217,925
East Buy Holding Ltd. (a)(b)(c)	393,500	1,605,285
East Money Information Co. Ltd. (A Shares)	922,917	1,926,130
Eastroc Beverage Group Co. Ltd.	15,500	407,045
Ecovacs Robotics Co. Ltd. Class A	33,200	196,029
ENN Energy Holdings Ltd.	768,300	5,819,985
ENN Natural Gas Co. Ltd. (A Shares)	148,100	349,591
Eoptolink Technology, Inc. Ltd. (A Shares)	41,200	177,719
Eve Energy Co. Ltd. (A shares)	119,155	755,934
Everbright Securities Co. Ltd. (A Shares)	228,100	513,540
Everdisplay Optronics Shanghai Co. Ltd. (A Shares) (a)	677,068	242,542
Fangda Carbon New Material Co. Ltd. (A Shares) (a)	236,281	190,612
Far East Horizon Ltd.	1,259,000	885,879
Farasis Energy Gan Zhou Co. Ltd. (A Shares) (a)	71,061	171,184
FAW Jiefang Group Co. Ltd. (A Shares) (a)	175,800	221,564
First Capital Securities Co. Ltd. (A Shares)	246,400	197,084
Flat Glass Group Co. Ltd. (c)	346,000	621,374
Flat Glass Group Co. Ltd. (A Shares) (a)	135,000	476,831
Focus Media Information Technology Co. Ltd. (A Shares)	839,420	793,651
Foshan Haitian Flavouring & Food Co. Ltd. (A Shares)	269,556	1,387,577
Fosun International Ltd.	2,387,000	1,430,148
Founder Securities Co. Ltd. (A Shares)	480,400	497,997
Foxconn Industrial Internet Co. Ltd. (A Shares)	577,896	1,164,618
Fujian Sunner Development Co. Ltd. A Shares	72,700	178,845
Fuyao Glass Industries Group Co. Ltd.:
(A Shares)	151,500	771,023
(H Shares) (b)	543,200	2,476,499
G-bits Network Technology Xiamen Co. Ltd. (A Shares)	4,200	152,835
GalaxyCore, Inc. (A Shares)	96,916	244,043
Ganfeng Lithium Group Co. Ltd.:
(A Shares)	113,500	687,806
(H Shares) (b)	365,640	1,313,297
GCL Technology Holdings Ltd.	19,626,000	2,890,277
GD Power Development Co. Ltd. (A Shares)	1,019,500	507,258
GDS Holdings Ltd. Class A (a)	923,292	1,176,221
Geely Automobile Holdings Ltd.	5,850,000	6,641,651
GEM Co. Ltd. (A Shares)	301,000	241,238
Gemdale Corp. (A Shares)	263,100	185,709
Genscript Biotech Corp. (a)	1,130,000	3,285,099
GF Securities Co. Ltd.:
(A Shares)	318,000	645,224
(H Shares)	1,029,400	1,340,240
Giant Network Group Co. Ltd. (A Shares)	116,500	188,145
Gigadevice Semiconductor Beijing, Inc. (A Shares)	38,684	566,689
Ginlong Technologies Co. Ltd. (A Shares)	23,150	212,430
GoerTek, Inc. (A Shares)	198,800	490,899
Goldwind Science & Technology Co. Ltd. (A Shares)	202,900	244,018
Gongniu Group Co. Ltd. (A Shares)	26,000	375,829
GoodWe Technologies Co. Ltd. (A Shares)	10,129	161,817
Gotion High-tech Co. Ltd. (A Shares) (a)	104,000	323,842
Great Wall Motor Co. Ltd.:
(A Shares)	141,200	567,401
(H Shares)	2,255,000	3,152,249
Gree Electric Appliances, Inc. of Zhuhai (A Shares)	163,900	760,347
Greenland Holdings Corp. Ltd. (A Shares) (a)	684,100	238,457
Greentown China Holdings Ltd.	983,000	953,649
GRG Banking Equipment Co. Ltd. (A Shares)	144,100	229,998
Guangdong Haid Group Co. Ltd. (A Shares)	96,700	595,386
Guangdong HEC Technology Holding Co. Ltd. (A Shares) (a)	177,700	172,894
Guangdong Investment Ltd.	2,870,000	1,958,437
Guanghui Energy Co. Ltd. (A Shares)	381,500	391,728
Guangzhou Automobile Group Co. Ltd.	316,900	434,388
Guangzhou Automobile Group Co. Ltd. (H Shares)	2,762,000	1,293,992
Guangzhou Baiyun International Airport Co. Ltd. (A Shares) (a)	136,900	198,223
Guangzhou Baiyunshan Pharma Health (A Shares)	81,900	333,742
Guangzhou Great Power Energy & Technology Co. Ltd. (A Shares)	27,100	114,276
Guangzhou Haige Communications Group (A Shares)	133,100	211,408
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares)	27,200	230,236
Guangzhou Shiyuan Electronic Technology Co. Ltd. (A Shares)	40,700	233,833
Guangzhou Tinci Materials Technology Co. Ltd. (A Shares)	111,900	425,828
Guangzhou Yuexiu Financial Holdings Group Co. Ltd. (A Shares)	239,517	214,927
Guolian Securities Co. Ltd. (a)	139,500	205,148
Guosen Securities Co. Ltd. (A Shares)	374,400	491,886
Guotai Junan Securities Co. Ltd. (A Shares)	438,900	886,641
Guoyuan Securities Co. Ltd. (A Shares)	254,110	240,531
H World Group Ltd. ADR (a)	200,849	7,563,973
Haidilao International Holding Ltd. (b)	1,621,000	4,058,670
Haier Smart Home Co. Ltd.	2,377,000	6,779,986
Haier Smart Home Co. Ltd. (A Shares)	347,700	1,056,658
Hainan Airlines Co. Ltd. (A Shares) (a)	2,494,700	498,040
Hainan Airport Infrastructure Co. Ltd. (A Shares) (a)	670,700	349,436
Haitian International Holdings Ltd.	618,000	1,474,291
Haitong Securities Co. Ltd.:
(A Shares)	477,900	638,415
(H Shares)	2,836,800	1,628,851
Hanergy Mobile Energy Holding (a)(d)	1,618,000	2
Hangzhou Binjiang Real Estate Group Co. Ltd. (A Shares)	181,700	208,005
Hangzhou Chang Chuan Technology Co. Ltd.	35,400	197,722
Hangzhou First Applied Material Co. Ltd. (A Shares)	108,384	378,767
Hangzhou GreatStar Industrial Co. Ltd. (A Shares) (a)	69,800	189,147
Hangzhou Lion Electronics Co. Ltd. (A Shares)	39,300	172,918
Hangzhou Oxygen Plant Group Co. Ltd. (A Shares)	57,200	258,204
Hangzhou Robam Appliances Co. Ltd. (A Shares)	55,100	173,871
Hangzhou Silan Microelectronics Co. Ltd. (A Shares)	82,200	272,990
Hangzhou Tigermed Consulting Co. Ltd.:
(A Shares)	20,300	185,243
(H Shares) (b)	2,300	12,924
Hansoh Pharmaceutical Group Co. Ltd. (b)	1,150,000	2,163,717
Haohua Chemical Science & Technology Co. Ltd. (A Shares)	44,100	185,402
Hebei Hengshui Laobaigan Liquor Co. Ltd.	53,400	173,702
Hebei Yangyuan Zhihui Beverage Co. Ltd. (A Shares)	74,200	252,511
Heilongjiang Agriculture Co. Ltd. (A Shares)	103,300	179,913
Henan Shenhuo Coal & Power Co. Ltd. (A Shares)	131,700	296,108
Henan Shuanghui Investment & Development Co. Ltd. (A Shares)	202,623	725,382
Hengan International Group Co. Ltd.	619,500	2,074,890
Hengdian Group DMEGC Magnetics Co. Ltd. (A Shares)	94,300	187,797
Hengli Petrochemical Co. Ltd. (A Shares) (a)	410,040	821,597
Hengtong Optic-electric Co. Ltd. (A Shares)	144,200	260,051
Hengyi Petrochemical Co. Ltd. (A Shares) (a)	214,220	210,634
Hesteel Co. Ltd. (A Shares)	609,200	186,554
Hisense Electric Co. Ltd.	76,100	242,231
Hithink RoyalFlush Information Network Co. Ltd. (A Shares)	31,200	599,347
Hongfa Technology Co. Ltd. (A Shares)	30,640	121,609
Hoshine Silicon Industry Co. Ltd. (A Shares)	46,000	360,010
Hoymiles Power Electronics, Inc. (A Shares)	4,727	144,789
Hoyuan Green Energy Co. Ltd. (A Shares)	33,075	168,934
Hua Hong Semiconductor Ltd. (a)(b)	571,000	1,405,850
Huadian Power International Corp. Ltd. (A Shares)	497,600	333,769
Huadong Medicine Co. Ltd. (A Shares)	102,080	599,840
Huafon Chemical Co. Ltd. (A Shares)	288,000	285,639
Huagong Tech Co. Ltd. (A Shares)	58,600	226,500
Huaibei Mining Holdings Co. Ltd. (A Shares)	145,200	291,105
Hualan Biological Engineer, Inc. (A Shares)	106,060	340,358
Huaneng Power International, Inc.:
(A Shares) (a)	508,400	528,977
(H Shares) (a)	4,166,000	1,949,489
Huatai Securities Co. Ltd.:
(A Shares)	337,900	740,689
(H Shares) (b)	1,404,000	1,838,120
HUAXI Securities Co. Ltd.	153,400	166,246
Huaxia Bank Co. Ltd. (A Shares)	769,500	589,221
Huayu Automotive Systems Co. Ltd. (A Shares)	182,600	438,017
Hubei Feilihua Quartz Glass Co. Ltd. (A Shares)	30,200	163,546
Hubei Jumpcan Pharmaceutical Co. Ltd. (A Shares)	53,600	198,617
Hubei Xingfa Chemicals Group Co. Ltd. (A Shares)	64,600	173,571
Huizhou Desay SV Automotive Co. Ltd.	32,300	554,583
Humanwell Healthcare Group Co. Ltd. (A Shares)	95,100	304,103
Hunan Changyuan Lico Co. Ltd. (A Shares)	111,693	130,225
Hunan Valin Steel Co. Ltd. (A Shares)	402,100	320,422
Hundsun Technologies, Inc. (A Shares)	110,452	470,437
Hygeia Healthcare Holdings Co. (b)	336,800	2,033,622
iFlytek Co. Ltd. (A Shares)	134,800	841,008
IMEIK Technology Development Co. Ltd. (A Shares)	12,600	568,188
Industrial & Commercial Bank of China Ltd.:
(A Shares)	3,941,700	2,549,396
(H Shares)	62,692,000	30,044,813
Industrial Bank Co. Ltd. (A Shares)	1,207,800	2,490,909
Industrial Securities Co. Ltd. (A Shares)	505,510	431,397
Ingenic Semiconductor Co. Ltd. (A Shares)	27,900	281,821
Inner Mongoli Yili Industries Co. Ltd. (A Shares)	371,300	1,392,237
Inner Mongolia Baotou Steel Union Co. Ltd. (A Shares) (a)	2,651,800	587,630
Inner Mongolia Dian Tou Energy Corp. Ltd.	129,800	241,512
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. (A Shares)	489,000	267,466
Inner Mongolia Yitai Coal Co. Ltd. (B Shares) (a)	1,029,304	1,412,689
Inner Mongolia Yuan Xing Energy Co. Ltd. (A Shares)	211,500	196,771
Innovent Biologics, Inc. (a)(b)(c)	1,121,000	6,606,236
Inspur Electronic Information Industry Co. Ltd. (A Shares)	85,696	347,335
iQIYI, Inc. ADR (a)	430,317	2,005,277
iRay Technology Co. Ltd. (A Shares)	5,836	179,839
iSoftStone Information Technology Group Co. Ltd. (A Shares)	56,200	274,869
JA Solar Technology Co. Ltd. (A Shares)	192,272	589,131
Jason Furniture Hangzhou Co. Ltd. (A Shares)	47,810	242,066
JCET Group Co. Ltd. (A Shares)	103,900	438,573
JD Health International, Inc. (a)(b)	1,079,150	4,901,801
JD Logistics, Inc. (a)(b)	1,920,300	2,273,820
JD.com, Inc. Class A	2,275,807	28,932,704
Jiangsu Eastern Shenghong Co. Ltd.	385,500	560,910
Jiangsu Expressway Co. Ltd. (H Shares)	1,186,000	1,078,243
Jiangsu Hengli Hydraulic Co. Ltd.	77,776	598,693
Jiangsu Hengrui Medicine Co. Ltd. (A Shares)	371,175	2,430,985
Jiangsu King's Luck Brewery JSC Ltd. (A Shares)	73,300	586,185
Jiangsu Nhwa Pharmaceutical Co. Ltd. (A Shares)	58,600	210,643
Jiangsu Pacific Quartz Co. Ltd. (A Shares)	21,000	264,058
Jiangsu Phoenix Publishing & Media Corp. Ltd.	147,700	194,039
Jiangsu Yanghe Brewery JSC Ltd. (A Shares)	87,900	1,466,033
Jiangsu Yangnong Chemical Co. Ltd. (A Shares)	23,560	217,556
Jiangsu Yoke Technology Co. Ltd. (A Shares)	27,600	217,964
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (A Shares)	58,900	270,907
Jiangsu Zhongtian Technology Co. Ltd. (A Shares)	198,800	380,823
Jiangxi Copper Co. Ltd.:
(A Shares)	120,500	302,076
(H Shares)	1,079,000	1,525,659
Jiangxi Special Electric Motor Co. Ltd. (A Shares) (a)	99,400	162,763
Jinduicheng Molybdenum Co. Ltd. (A Shares)	187,800	257,840
Jinko Solar Co. Ltd. (A Shares)	387,615	502,972
JiuGui Liquor Co. Ltd. (A Shares)	19,000	198,525
Jiumaojiu International Holdings Ltd. (b)	916,000	996,716
Jizhong Energy Resources Co. Ltd. (A Shares)	204,600	179,624
Joincare Pharmaceutical Group Industry Co. Ltd. (A Shares)	111,000	179,920
Jointown Pharmaceutical Group (A Shares)	229,546	223,424
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. (A Shares) (a)	45,700	209,954
JOYY, Inc. ADR	43,505	1,693,215
Juewei Food Co. Ltd.	36,700	177,236
Juneyao Airlines Co. Ltd. (A shares) (a)	127,800	254,867
Kangmei Pharmaceutical Co. Ltd. rights (a)(d)	10,350	0
Kanzhun Ltd. ADR (a)	212,216	3,140,797
KE Holdings, Inc. ADR	638,613	9,393,997
Keda Industrial Group Co. Ltd.	110,400	164,450
Kingboard Chemical Holdings Ltd.	644,500	1,569,536
Kingdee International Software Group Co. Ltd. (a)	2,696,000	3,577,237
Kingnet Network Co. Ltd. (A Shares)	125,100	184,599
Kingsoft Corp. Ltd.	926,800	3,234,049
Kuaishou Technology Class B (a)(b)	2,249,900	14,489,011
Kuang-Chi Technologies Co. Ltd. (A Shares)	126,700	242,383
Kunlun Energy Co. Ltd.	3,794,000	3,160,796
Kunlun Tech Co. Ltd. (A Shares) (a)	69,600	299,574
Kweichow Moutai Co. Ltd. (A Shares)	73,100	16,838,894
Lb Group Co. Ltd. (A Shares)	139,073	354,024
Lenovo Group Ltd.	7,058,000	8,213,621
Lens Technology Co. Ltd. (A Shares)	289,500	517,285
Lepu Medical Technology Beijing Co. Ltd. (A Shares)	109,800	258,622
Li Auto, Inc. Class A (a)	1,089,648	18,429,902
Li Ning Co. Ltd.	2,299,500	7,046,597
Liaoning Port Co. Ltd. (A Shares)	1,097,200	226,440
Lingyi iTech Guangdong Co. (A Shares)	407,800	339,044
Livzon Pharmaceutical Group, Inc. (A Shares)	36,400	174,256
Longfor Properties Co. Ltd. (b)	1,845,060	2,685,967
LONGi Green Energy Technology Co. Ltd.	440,948	1,455,741
Lufax Holding Ltd. ADR	666,346	636,227
Luxi Chemical Group Co. Ltd.	112,000	173,880
Luxshare Precision Industry Co. Ltd. (A Shares)	414,928	1,863,483
Luzhou Laojiao Co. Ltd. (A Shares)	85,700	2,510,626
Mango Excellent Media Co. Ltd. (A Shares)	108,707	375,822
Maxscend Microelectronics Co. Ltd. (A Shares)	31,076	641,265
Meihua Holdings Group Co. Ltd. (A Shares)	172,000	223,433
Meinian Onehealth Healthcare Holdings Co. Ltd. (A Shares) (a)	230,060	193,986
Meituan Class B (a)(b)	4,919,620	69,735,683
Metallurgical Corp. China Ltd. (A Shares)	1,039,800	470,596
Microport Scientific Corp. (a)	800,800	1,261,877
Ming Yang Smart Energy Group Ltd. (A Shares)	133,100	254,488
MINISO Group Holding Ltd. ADR	91,891	2,325,761
Minth Group Ltd.	730,000	1,629,527
Montage Technology Co. Ltd. (A Shares)	66,088	498,311
Muyuan Foodstuff Co. Ltd. (A Shares)	318,440	1,642,498
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd.	93,835	162,310
Nanjing Securities Co. Ltd. (A Shares)	216,300	237,867
NARI Technology Co. Ltd. (A Shares)	468,094	1,445,568
National Silicon Industry Group Co. Ltd. (A Shares) (a)	158,762	394,040
NAURA Technology Group Co. Ltd.	30,900	1,083,933
NavInfo Co. Ltd. (A Shares) (a)	137,700	188,381
NetEase, Inc.	1,876,050	40,150,379
New China Life Insurance Co. Ltd.	108,900	497,775
New China Life Insurance Co. Ltd. (H Shares)	834,500	1,830,610
New Hope Liuhe Co. Ltd. (A Shares) (a)	266,300	369,625
New Oriental Education & Technology Group, Inc. (a)	1,458,710	9,510,844
Ninestar Corp. (A Shares)	82,100	275,453
Ningbo Deye Technology Co. Ltd. (A Shares)	25,020	236,759
Ningbo Joyson Electronic Corp. (A shares)	81,800	210,971
Ningbo Orient Wires & Cables Co. Ltd. (A Shares)	40,200	231,501
Ningbo Ronbay New Energy Technology Co. Ltd. (A Shares)	26,422	160,087
Ningbo Shanshan Co. Ltd. (A Shares)	131,400	251,592
Ningbo Tuopu Group Co. Ltd. (A Shares)	64,100	566,308
Ningxia Baofeng Energy Group Co. Ltd.	426,800	841,706
NIO, Inc. sponsored ADR (a)(c)	1,343,216	9,805,477
Nongfu Spring Co. Ltd. (H Shares) (b)	1,709,200	9,735,164
North Industries Group Red Arrow Co. Ltd. (A Shares)	79,000	154,064
Offcn Education Technology Co. A Shares (a)	358,800	193,840
Offshore Oil Enginering Co. Ltd. (A Shares)	254,700	216,436
Oppein Home Group, Inc. (A Shares)	29,560	351,816
Orient Securities Co. Ltd. (A Shares)	435,308	516,371
Oriental Pearl Group Co. Ltd.	197,300	199,193
Ovctek China, Inc. (A Shares)	52,220	180,112
Pangang Group Vanadium Titanium & Resources Co. Ltd. (A Shares) (a)	541,000	258,385
PDD Holdings, Inc. ADR (a)	579,703	58,793,478
People's Insurance Co. of China Group Ltd.:
(A Shares)	514,500	375,659
(H Shares)	8,551,000	2,821,484
People.cn Co. Ltd. (A Shares)	64,300	285,128
Perfect World Co. Ltd. (A Shares)	112,700	185,017
PetroChina Co. Ltd.:
(A Shares)	1,231,400	1,199,745
(H Shares)	20,496,000	13,378,060
Pharmaron Beijing Co. Ltd.:
(A Shares)	81,625	371,271
(H Shares) (b)	8,075	19,276
PICC Property & Casualty Co. Ltd. (H Shares)	6,689,840	7,639,498
Ping An Bank Co. Ltd. (A Shares)	1,127,400	1,612,848
Ping An Healthcare and Technology Co. Ltd. (a)(b)(c)	542,400	1,267,008
Ping An Insurance Group Co. of China Ltd.:
(A Shares)	637,694	3,963,058
(H Shares)	6,486,000	32,900,084
Piotech, Inc. (A Shares)	10,623	367,104
Poly Developments & Holdings (A Shares)	697,600	1,050,084
Pop Mart International Group Ltd. (b)	460,200	1,270,388
Postal Savings Bank of China Co. Ltd.	1,580,200	987,281
Postal Savings Bank of China Co. Ltd. (H Shares) (b)	7,858,000	3,586,621
Power Construction Corp. of China Ltd. (A Shares)	1,003,900	722,014
Pylon Technologies Co. Ltd. (Series A)	10,354	161,244
Qi An Xin Technology Group, Inc. (A Shares) (a)	39,804	251,123
Qifu Technology, Inc. ADR	109,532	1,619,978
Qinghai Salt Lake Potash Co. Ltd. Class A (a)	315,700	731,053
Raytron Technology Co. Ltd. (A Shares)	26,014	167,554
Risen Energy Co. Ltd. (A Shares)	66,800	162,238
Riyue Heavy Industry Co. Ltd. (A Shares)	58,500	112,584
Rockchip Electronics Co. Ltd.	20,200	180,023
Rongsheng Petrochemical Co. Ltd. (A Shares)	589,400	918,179
SAIC Motor Corp. Ltd. (A Shares)	453,100	899,802
Sailun Group Co. Ltd. A Shares	178,200	273,679
Sanan Optoelectronics Co. Ltd. (A Shares)	290,100	590,549
Sangfor Technologies, Inc. (a)	24,200	277,670
Sany Heavy Equipment International Holdings Co. Ltd.	1,079,000	1,417,393
Sany Heavy Industry Co. Ltd. (A Shares)	492,600	974,198
Satellite Chemical Co. Ltd. (A Shares)	196,456	436,716
SDIC Capital Co. Ltd.	375,100	350,509
SDIC Power Holdings Co. Ltd. (A Shares)	431,500	719,883
Seazen Holdings Co. Ltd. (A Shares) (a)	131,800	214,070
Seres Group Co. Ltd. (A Shares) (a)	88,100	983,493
SF Holding Co. Ltd. (A Shares)	284,600	1,527,297
SG Micro Corp. (A Shares)	27,175	333,285
Shaanxi Coal Industry Co. Ltd. (A Shares)	563,800	1,390,246
Shan Xi Hua Yang Group New Energy Co. Ltd.	209,600	231,171
Shandong Buchang Pharmaceuticals Co. Ltd. (A Shares)	64,043	151,857
Shandong Gold Mining Co. Ltd.:
(A Shares)	361,484	1,173,935
(H Shares) (b)	404,750	758,270
Shandong Himile Mechanical Science & Technology Co. Ltd. (A Shares)	46,200	203,142
Shandong Hualu Hengsheng Chemical Co. Ltd. (A Shares)	123,420	542,922
Shandong Linglong Tyre Co. Ltd. (A Shares)	85,400	233,788
Shandong Nanshan Aluminum Co. Ltd. (A Shares)	685,000	290,344
Shandong Sun Paper Industry JSC Ltd. (A Shares)	162,200	275,748
Shandong Weigao Medical Polymer Co. Ltd. (H Shares)	2,412,800	2,239,541
Shanghai Aiko Solar Energy Co. Ltd. (A Shares)	106,140	284,464
Shanghai Bairun Investment Holding Group Co. Ltd. (A Shares)	61,340	220,833
Shanghai Baosight Software Co. Ltd.	589,084	1,211,530
Shanghai Baosight Software Co. Ltd. (A Shares)	103,388	602,996
Shanghai Construction Group Co. Ltd. (A Shares)	522,300	187,850
Shanghai Electric Group Co. Ltd. (A Shares) (a)	738,700	448,509
Shanghai Electric Power Co. Ltd. (A Shares)	159,700	190,800
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.:
(A Shares)	111,400	433,325
(H Shares)	502,000	1,158,341
Shanghai Friendess Electronic Technology Corp. Ltd. (A Shares)	8,599	284,145
Shanghai Fudan Microelectronics Group Co. Ltd.:
(A Shares)	13,725	90,894
(H Shares) (c)	56,000	105,853
Shanghai International Airport Co. Ltd. (A Shares) (a)	72,500	368,897
Shanghai International Port Group Co. Ltd. (A Shares)	408,900	279,531
Shanghai Jinjiang International Hotels Co. Ltd. (A Shares)	53,000	238,009
Shanghai Junshi Biosciences Co. Ltd. (A Shares) (a)	44,569	279,530
Shanghai Lingang Holdings Corp. Ltd. (A Shares)	140,960	206,782
Shanghai M&G Stationery, Inc. (A Shares)	54,100	286,680
Shanghai Moons' Electric Co. Ltd. (A Shares)	24,400	219,966
Shanghai Pharmaceuticals Holding Co. Ltd.:
(A Shares)	153,600	378,525
(H Shares)	727,000	1,057,640
Shanghai Pudong Development Bank Co. Ltd. (A Shares)	1,705,800	1,590,740
Shanghai Putailai New Energy Technology Co. Ltd.	117,164	400,871
Shanghai RAAS Blood Products Co. Ltd. (A Shares)	391,900	374,318
Shanghai Rural Commercial Bank Co. Ltd. (A Shares)	558,000	454,683
Shanghai Yuyuan Tourist Mart Group Co. Ltd.	224,800	199,740
Shanxi Coal International Energy Group Co. Ltd. (A Shares)	115,000	256,296
Shanxi Lu'an Environmental Energy Development Co. Ltd. (A Shares)	173,800	452,239
Shanxi Meijin Energy Co. Ltd. (A Shares) (a)	253,300	242,916
Shanxi Securities Co. Ltd. (A Shares)	209,930	161,276
Shanxi Taigang Stainless Steel Co. Ltd. (A Shares)	333,800	178,468
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. (A Shares)	71,040	2,399,942
Shanxi Xishan Coal & Electricity Power Co. Ltd. (A Shares)	330,160	390,580
Shede Spirits Co. Ltd. (A Shares)	19,500	307,088
Shenergy Co. Ltd. (A Shares)	278,700	224,448
Shenghe Resources Holding Co. Ltd. (A Shares)	102,300	149,585
Shengyi Technology Co. Ltd.	137,500	330,687
Shennan Circuits Co. Ltd. (A Shares)	29,840	283,918
Shenwan Hongyuan Group Co. Ltd. (A Shares)	1,314,800	789,024
Shenzhen Capchem Technology Co. Ltd. (A Shares)	43,380	261,821
Shenzhen Dynanonic Co. Ltd. (A Shares)	16,140	173,624
Shenzhen Energy Group Co. Ltd. (A Shares)	270,060	228,123
Shenzhen Inovance Technology Co. Ltd. (A Shares)	77,150	637,862
Shenzhen International Holdings Ltd.	1,392,336	917,722
Shenzhen Kaifa Technology Co. Ltd. (A Shares)	90,800	213,630
Shenzhen Kangtai Biological Products Co. Ltd.	65,000	269,573
Shenzhen Kedali Industry Co. Ltd.	15,600	193,797
Shenzhen Kstar Science & Technology Co. Ltd. (A Shares)	34,200	122,012
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a)	70,600	2,759,996
Shenzhen New Industries Biomedical Engineering Co. Ltd.	45,800	430,825
Shenzhen Overseas Chinese Town Co. Ltd. (A Shares) (a)	478,200	236,373
Shenzhen Salubris Pharmaceuticals Co. Ltd. (A Shares)	64,800	288,522
Shenzhen SC New Energy Technology Corp. (A Shares)	20,200	201,661
Shenzhen Sed Industry Co. Ltd. (A Shares)	66,200	173,469
Shenzhen Senior Technology Material Co. Ltd. (A Shares)	73,938	155,352
Shenzhen Sunlord Electronics Co. Ltd. (A Shares)	47,300	188,830
Shenzhen Transsion Holdings Co. Ltd. (A Shares) (a)	46,766	859,582
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares)	54,400	195,322
Shenzhou International Group Holdings Ltd.	801,600	7,873,694
Shijiazhuang Yiling Pharmaceutical Co. Ltd. (A Shares)	96,960	294,615
Shuangliang Eco-Energy Systems Ltd. (A Shares)	108,100	138,382
Sichuan Chuantou Energy Co. Ltd. (A Shares)	255,900	514,687
Sichuan Hebang Biotechnology Co. Ltd. (A Shares)	509,400	165,823
Sichuan Kelun Pharmaceutical Co. Ltd. (A Shares)	86,000	323,091
Sichuan New Energy Power Co. Ltd. (A Shares) (a)	84,900	136,039
Sichuan Road & Bridge (Group) Co. Ltd. (A Shares)	423,400	446,309
Sichuan Swellfun Co. Ltd. (A Shares)	28,500	238,223
Sichuan Yahua Industrial Group Co. Ltd. (A Shares)	65,300	125,795
Sieyuan Electric Co. Ltd. (A Shares)	45,000	303,353
Silergy Corp.	315,000	2,813,251
Sinolink Securities Co. Ltd. (A Shares)	217,100	271,354
Sinoma International Engineering Co. Ltd. (A Shares)	153,700	207,300
Sinoma Science & Technology Co. Ltd. (A Shares)	97,500	230,543
Sinomine Resource Group Co. Ltd. (A Shares)	41,780	213,637
Sinopec Shanghai Petrochemical Co. Ltd. (A Shares) (a)	418,700	171,297
Sinopharm Group Co. Ltd. (H Shares)	1,301,200	3,111,538
Sinotruk Hong Kong Ltd.	668,500	1,259,122
SKSHU Paint Co. Ltd. (A Shares)	30,632	249,393
Smoore International Holdings Ltd. (b)(c)	1,768,000	1,362,524
Songcheng Performance Development Co. Ltd. (A Shares)	150,580	226,170
Soochow Securities Co. Ltd. (A Shares)	291,745	319,954
Southwest Securities Co. Ltd. (A Shares)	387,500	217,235
Spring Airlines Co. Ltd. (A Shares) (a)	56,600	423,766
StarPower Semiconductor Ltd. (A Shares)	9,900	233,093
Sungrow Power Supply Co. Ltd. (A Shares)	86,400	995,862
Sunny Optical Technology Group Co. Ltd.	691,300	5,791,666
Sunresin New Materials Co. Ltd. (A Shares)	29,200	217,042
Sunwoda Electronic Co. Ltd. (A Shares)	109,400	241,003
SUPCON Technology Co. Ltd. (A Shares)	42,153	251,574
Suzhou Dongshan Precision Manufacturing Co. Ltd. (A Shares)	99,300	254,356
Suzhou Maxwell Technologies Co. Ltd. (A Shares)	16,244	268,271
Suzhou TFC Optical Communication Co. Ltd. (A Shares)	22,900	223,959
TAL Education Group ADR (a)	428,479	3,757,761
Tangshan Jidong Cement Co. Ltd. A Shares	151,300	147,955
TBEA Co. Ltd. (A Shares)	294,970	564,624
TCL Technology Group Corp. (A Shares)	1,094,090	588,428
TCL Zhonghuan Renewable Energy Technology Co. Ltd. (A Shares)	235,175	593,861
Tencent Holdings Ltd.	6,498,400	240,497,701
Tencent Music Entertainment Group ADR (a)	728,185	5,286,623
Thunder Software Technology Co. Ltd. (A Shares)	26,600	255,638
Tianhe Chemicals Group Ltd. (a)(d)	376,000	0
Tianjin 712 Communication & Broadcasting Co. Ltd.	44,700	162,655
Tianma Microelectronics Co. Ltd. (A Shares) (a)	143,300	192,029
Tianqi Lithium Corp. (A Shares)	85,700	644,950
Tianshan Aluminum Group Co. Ltd.	271,800	240,784
Tianshui Huatian Technology Co. Ltd. (A Shares)	185,900	227,088
Tingyi (Cayman Islands) Holding Corp.	1,914,000	2,540,476
Titan Wind Energy Suzhou Co. Ltd. (A Shares) (a)	105,500	192,456
Tongcheng Travel Holdings Ltd. (a)	1,198,400	2,289,484
TongFu Microelectronics Co. Ltd. (A Shares)	88,000	247,123
Tongkun Group Co. Ltd. (A Shares) (a)	140,700	277,981
Tongling Nonferrous Metals Group Co. Ltd. (A Shares)	615,800	261,612
Tongwei Co. Ltd. (A Shares)	261,800	978,112
Topchoice Medical Corp. (a)	18,600	227,956
Topsports International Holdings Ltd. (b)	1,802,000	1,515,378
TravelSky Technology Ltd. (H Shares)	903,000	1,426,499
Trina Solar Co. Ltd. (A Shares)	126,384	516,171
Trip.com Group Ltd. (a)	532,512	18,148,874
Tsingtao Brewery Co. Ltd.:
(A Shares)	49,500	565,769
(H Shares)	590,000	4,474,282
Uni-President China Holdings Ltd.	1,256,000	854,822
Unigroup Guoxin Microelectronics Co. Ltd. (a)	49,419	509,614
Unisplendour Corp. Ltd. (A Shares) (a)	166,403	446,596
Universal Scientific Industrial Shanghai Co. Ltd. (A Shares)	107,700	213,957
Verisilicon Microelectronics Shanghai Co. Ltd. (A Shares) (a)	29,021	211,815
Vipshop Holdings Ltd. ADR (a)	329,256	4,695,191
Walvax Biotechnology Co. Ltd. (A Shares)	93,400	297,396
Wanda Film Holding Co. Ltd. (A Shares) (a)	126,700	216,419
Wanhua Chemical Group Co. Ltd. (A Shares)	182,800	2,217,861
Want Want China Holdings Ltd.	4,610,000	2,864,469
Weibo Corp. sponsored ADR	78,551	929,258
Weichai Power Co. Ltd.:
(A Shares)	372,600	708,274
(H Shares)	1,912,200	2,862,223
Weihai Guangwei Composites Co. Ltd. (A Shares)	48,360	169,405
Wens Foodstuffs Group Co. Ltd. (A Shares)	381,780	980,709
Western Mining Co. Ltd. (A Shares)	140,400	241,422
Western Securities Co. Ltd. (A Shares)	260,000	236,711
Western Superconducting Technologies Co. Ltd. (A Shares)	37,834	239,227
Will Semiconductor Ltd.	68,735	1,037,259
Wingtech Technology Co. Ltd. (A Shares) (a)	72,300	492,233
Wintime Energy Group Co. Ltd. (A Shares) (a)	1,262,200	236,479
Wuchan Zhongda Group Co. Ltd.	300,500	187,791
Wuhan Guide Infrared Co. Ltd. (A Shares)	247,769	268,457
Wuliangye Yibin Co. Ltd. (A Shares)	225,900	4,816,436
WUS Printed Circuit Kunshan Co. Ltd. (A Shares)	110,790	296,733
WuXi AppTec Co. Ltd.	143,644	1,698,685
WuXi AppTec Co. Ltd. (H Shares) (b)(c)	357,122	4,291,373
Wuxi Autowell Technology Co. Ltd. (A Shares)	8,997	168,114
Wuxi Biologics (Cayman), Inc. (a)(b)	3,707,500	23,052,278
XCMG Construction Machinery Co. Ltd. (A Shares)	685,800	537,222
Xiamen C&D, Inc. (A Shares)	173,900	232,418
Xiamen Faratronic Co. Ltd. (A Shares)	13,200	180,160
Xiamen Tungsten Co. Ltd. (A Shares)	82,900	192,163
Xiaomi Corp. Class B (a)(b)	14,876,600	26,674,101
Xinjiang Daqo New Energy Co. Ltd. (A Shares)	103,489	505,487
Xinyi Solar Holdings Ltd.	4,747,498	2,793,947
XPeng, Inc. Class A (a)(c)	1,005,552	7,307,122
XTEP International Holdings Ltd.	1,404,500	1,276,877
Yadea Group Holdings Ltd. (b)	1,190,000	2,172,178
Yangzhou Yangjie Electronic Technology Co. Ltd. (A Shares)	29,700	154,238
Yankuang Energy Group Co. Ltd.:
(A Shares)	237,150	633,583
(H Shares)	2,190,000	3,803,502
Yantai Jereh Oilfield Services (A Shares)	59,300	231,914
Yealink Network Technology Corp. Ltd.	73,430	335,070
Yifeng Pharmacy Chain Co. Ltd.	58,825	263,566
Yihai International Holding Ltd.	502,000	913,590
Yihai Kerry Arawana Holdings Co. Ltd. (A Shares)	84,600	404,654
Yintai Gold Co. Ltd. (A Shares)	161,780	299,371
Yonghui Superstores Co. Ltd. (A Shares) (a)	530,500	223,373
YongXing Special Materials Technology Co. Ltd. (A Shares)	31,610	216,234
Yonyou Network Technology Co. Ltd. (A Shares)	199,538	447,016
Youngor Group Co. Ltd. (A Shares)	273,689	252,617
YTO Express Group Co. Ltd. (A Shares)	199,300	370,176
Yuan Longping High-tech Agriculture Co. Ltd. (A Shares) (a)	77,300	174,240
Yuexiu Property Co. Ltd.	1,561,620	1,624,332
Yum China Holdings, Inc.	404,448	21,257,787
Yunda Holding Co. Ltd. (A Shares)	168,390	209,924
Yunnan Aluminium Co. Ltd. (A Shares)	202,100	384,256
Yunnan Baiyao Group Co. Ltd. (A Shares)	104,500	726,245
Yunnan Botanee Bio-Technology Group Co., Ltd. (A Shares)	24,700	266,403
Yunnan Chihong Zinc & Germanium Co. Ltd. (A Shares)	296,900	210,013
Yunnan Energy New Material Co. Ltd.	56,900	522,364
Yunnan Tin Co. Ltd. (A Shares)	96,200	185,865
Yunnan Yuntianhua Co. Ltd. (Series A)	106,800	243,237
Yutong Bus Co. Ltd.	127,900	238,507
Zai Lab Ltd. (a)	906,200	2,312,673
Zangge Mining Co. Ltd. (Series A)	91,600	280,387
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. (A Shares)	35,200	1,204,828
Zhaojin Mining Industry Co. Ltd. (H Shares)	1,265,500	1,568,902
Zhefu Holding Group Co. Ltd. (A Shares)	310,700	157,154
Zhejiang Century Huatong Group Co. Ltd. (A Shares) (a)	433,197	350,083
Zhejiang China Commodities City Group Co. Ltd. (A Shares)	319,500	340,006
Zhejiang Chint Electric Co. Ltd. (A Shares)	125,900	397,902
Zhejiang Dahua Technology Co. Ltd. (A Shares) (a)	193,400	539,950
Zhejiang Dingli Machinery Co. Ltd. (A Shares)	29,160	217,202
Zhejiang Expressway Co. Ltd. (H Shares)	1,184,000	891,239
Zhejiang Huahai Pharmaceutical Co. Ltd. (A Shares)	86,220	190,680
Zhejiang Huayou Cobalt Co. Ltd. (A Shares)	93,050	468,407
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. (A Shares)	76,000	452,045
Zhejiang Jiuzhou Pharmaceutical Co. Ltd. (A Shares)	52,100	211,769
Zhejiang Juhua Co. Ltd. (A Shares)	157,500	326,138
Zhejiang Longsheng Group Co. Ltd. (A Shares)	189,000	229,987
Zhejiang NHU Co. Ltd. (A Shares)	180,028	398,140
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares)	104,200	381,442
Zhejiang Supor Cookware Co. Ltd.	31,200	213,984
Zhejiang Weiming Enviroment Protection Co. Ltd. (A Shares)	100,590	246,780
Zhejiang Weixing New Building Materials Co. Ltd. (A Shares)	92,000	207,410
Zhejiang Zheneng Electric Power Co. Ltd. (A Shares) (a)	653,400	410,896
Zheshang Securities Co. Ltd.	226,400	311,868
ZhongAn Online P & C Insurance Co. Ltd. (H Shares) (a)(b)	688,500	1,886,916
Zhongji Innolight Co. Ltd. (A Shares)	46,800	563,914
Zhongjin Gold Co. Ltd. (A Shares)	282,500	420,066
Zhongsheng Group Holdings Ltd. Class H	812,000	1,875,148
Zhongtai Securities Co. Ltd. (A Shares)	406,900	398,369
Zhuzhou CRRC Times Electric Co. Ltd.:
(A Shares)	46,495	246,173
(H Shares)	498,100	1,607,552
Zhuzhou Kibing Group Co. Ltd. (A Shares)	155,600	169,775
Zibo Qixiang Tengda Chemical Co. Ltd. (A Shares)	167,300	133,846
Zijin Mining Group Co. Ltd.:
(A Shares) (a)	1,150,500	1,951,704
(H Shares)	5,336,000	8,254,322
Zoomlion Heavy Industry Science and Technology Co. Ltd.:
(A Shares)	155,100	136,128
(H Shares)	462,000	240,185
ZTE Corp.:
(A Shares)	200,600	717,379
(H Shares)	787,880	1,750,873
ZTO Express, Inc. sponsored ADR	414,675	9,773,890
TOTAL CHINA		1,812,612,591
Colombia - 0.1%
Bancolombia SA	247,914	1,767,803
Bancolombia SA sponsored ADR	3,513	89,160
Interconexion Electrica SA ESP	431,012	1,518,385
TOTAL COLOMBIA		3,375,348
Czech Republic - 0.2%
CEZ A/S	157,206	6,726,712
Komercni Banka A/S	73,385	2,149,226
MONETA Money Bank A/S (b)	318,834	1,231,751
TOTAL CZECH REPUBLIC		10,107,689
Egypt - 0.1%
Commercial International Bank SAE	2,457,789	4,796,364
Eastern Co. SAE	1,003,356	853,299
EFG-Hermes Holding SAE	918,835	496,186
TOTAL EGYPT		6,145,849
Greece - 0.4%
Alpha Bank SA (a)	2,162,869	3,226,830
Eurobank Ergasias Services and Holdings SA (a)	2,518,350	4,108,915
Ff Group (a)(d)	1,035	0
Hellenic Telecommunications Organization SA	186,279	2,607,657
Jumbo SA	112,117	2,949,167
Motor Oil (HELLAS) Corinth Refineries SA	64,537	1,536,448
Mytilineos SA	103,935	3,846,877
National Bank of Greece SA (a)	532,105	3,040,310
OPAP SA	179,345	3,036,239
Piraeus Financial Holdings SA (a)	666,625	1,967,943
Public Power Corp. of Greece (a)	202,287	2,061,204
TOTAL GREECE		28,381,590
Hong Kong - 0.1%
Kingboard Laminates Holdings Ltd.	906,500	850,108
Nine Dragons Paper (Holdings) Ltd.	1,595,000	908,001
Orient Overseas International Ltd.	128,000	1,614,054
Sino Biopharmaceutical Ltd.	10,031,000	3,896,835
Vinda International Holdings Ltd. (c)	351,000	867,402
TOTAL HONG KONG		8,136,400
Hungary - 0.2%
MOL Hungarian Oil and Gas PLC Series A (For. Reg.)	437,013	3,477,245
OTP Bank PLC	230,794	8,588,134
Richter Gedeon PLC	135,594	3,179,305
TOTAL HUNGARY		15,244,684
India - 15.3%
ABB India Ltd.	51,411	2,534,867
Adani Enterprises Ltd.	165,812	4,570,823
Adani Green Energy Ltd. (a)	307,551	3,396,859
Adani Ports & Special Economic Zone Ltd.	512,305	4,831,558
Adani Power Ltd. (a)	748,925	3,262,380
Ambuja Cements Ltd.	577,488	2,945,303
Apollo Hospitals Enterprise Ltd.	97,640	5,651,979
Ashok Leyland Ltd.	1,423,457	2,869,085
Asian Paints Ltd.	371,944	13,393,897
Astral Ltd.	117,184	2,604,180
AU Small Finance Bank Ltd. (b)	161,728	1,299,475
Aurobindo Pharma Ltd.	255,746	2,608,934
Avenue Supermarts Ltd. (a)(b)	157,799	6,887,610
Axis Bank Ltd.	2,210,079	26,070,770
Bajaj Auto Ltd.	65,870	4,200,655
Bajaj Finance Ltd.	264,424	23,796,238
Bajaj Finserv Ltd.	370,467	6,983,334
Bajaj Holdings & Investment Ltd.	25,909	2,154,887
Balkrishna Industries Ltd.	74,991	2,299,427
Bandhan Bank Ltd. (b)	703,063	1,809,832
Bank of Baroda	1,003,033	2,364,368
Berger Paints India Ltd.	282,985	1,898,181
Bharat Electronics Ltd.	3,546,562	5,680,230
Bharat Forge Ltd.	248,469	3,042,474
Bharat Petroleum Corp. Ltd.	736,464	3,086,455
Bharti Airtel Ltd.	2,166,711	23,789,084
Britannia Industries Ltd.	105,214	5,595,230
Cg Power & Industrial Soluti	592,906	2,775,811
Cholamandalam Investment and Finance Co. Ltd.	398,784	5,448,056
Cipla Ltd./India (a)	508,864	7,333,160
Coal India Ltd.	1,494,425	5,639,382
Colgate-Palmolive Ltd.	118,650	3,011,540
Container Corp. of India Ltd.	266,002	2,198,955
Cummins India Ltd.	134,296	2,704,239
Dabur India Ltd.	601,320	3,818,823
Divi's Laboratories Ltd.	115,854	4,713,454
DLF Ltd.	600,477	4,066,661
Dr. Reddy's Laboratories Ltd.	104,996	6,774,911
Eicher Motors Ltd.	132,690	5,250,047
GAIL India Ltd.	2,241,206	3,217,013
Godrej Consumer Products Ltd.	396,634	4,724,506
Godrej Properties Ltd. (a)	121,474	2,423,271
Grasim Industries Ltd.	255,453	5,787,848
Havells India Ltd.	243,201	3,640,018
HCL Technologies Ltd.	918,928	14,090,723
HDFC Asset Management Co. Ltd. (b)	82,819	2,719,565
HDFC Bank Ltd.	2,704,321	47,972,668
HDFC Standard Life Insurance Co. Ltd. (b)	938,182	6,967,375
Hero Motocorp Ltd.	106,586	3,954,167
Hindalco Industries Ltd.	1,194,550	6,591,661
Hindustan Aeronautics Ltd.	162,228	3,549,264
Hindustan Petroleum Corp. Ltd. (a)	550,986	1,638,748
Hindustan Unilever Ltd.	797,394	23,789,866
ICICI Bank Ltd.	5,020,887	55,222,392
ICICI Lombard General Insurance Co. Ltd. (b)	233,442	3,851,681
ICICI Prudential Life Insurance Co. Ltd. (b)	348,908	2,201,077
IDFC Bank Ltd. (a)	3,354,598	3,332,649
Indian Oil Corp. Ltd.	2,740,372	2,951,154
Indian Railway Catering & Tourism Corp. Ltd.	233,353	1,864,627
Indraprastha Gas Ltd.	305,187	1,401,480
Info Edge India Ltd.	68,782	3,374,479
Infosys Ltd.	3,219,368	52,929,243
InterGlobe Aviation Ltd. (a)(b)	130,799	3,856,967
ITC Ltd.	2,895,160	14,898,524
Jindal Steel & Power Ltd.	346,484	2,637,403
Jio Financial Services Ltd.	2,952,178	7,832,833
JSW Steel Ltd. (a)	586,700	5,189,626
Jubilant Foodworks Ltd.	383,928	2,309,444
Kotak Mahindra Bank Ltd.	1,059,842	22,149,231
Larsen & Toubro Ltd.	668,052	23,502,367
Ltimindtree Ltd. (b)	86,088	5,236,105
Lupin Ltd.	198,721	2,692,074
Mahindra & Mahindra Ltd.	904,477	15,846,504
Marico Ltd.	501,944	3,233,483
Maruti Suzuki India Ltd.	131,798	16,453,611
Max Healthcare Institute Ltd.	753,649	5,193,634
Mphasis BFL Ltd.	73,140	1,866,730
MRF Ltd.	1,850	2,406,334
Muthoot Finance Ltd.	116,887	1,823,267
Nestle India Ltd.	32,741	9,530,991
NTPC Ltd.	4,237,279	12,001,291
Oil & Natural Gas Corp. Ltd.	3,050,729	6,824,239
Page Industries Ltd.	5,947	2,701,423
Petronet LNG Ltd.	727,549	1,743,389
PI Industries Ltd.	80,896	3,302,943
Pidilite Industries Ltd.	147,959	4,367,191
Power Finance Corp. Ltd.	1,280,597	3,791,354
Power Grid Corp. of India Ltd.	4,399,906	10,683,040
REC Ltd.	1,149,578	3,972,341
Reliance Industries Ltd.	2,952,129	81,152,896
Samvardhana Motherson International Ltd.	2,300,165	2,539,612
SBI Cards & Payment Services Ltd.	275,585	2,468,881
SBI Life Insurance Co. Ltd. (b)	436,972	7,174,804
Shree Cement Ltd.	8,747	2,695,136
Shriram Transport Finance Co. Ltd.	272,767	6,153,202
Siemens Ltd.	86,322	3,452,790
Sona Blw Precision Forgings Ltd. (b)	397,365	2,585,269
SRF Ltd.	143,804	3,790,801
State Bank of India	1,730,968	11,758,576
Sun Pharmaceutical Industries Ltd.	930,761	12,165,298
Supreme Industries Ltd.	61,600	3,202,051
Tata Consultancy Services Ltd.	887,036	35,899,735
Tata Consumer Products Ltd.	540,813	5,849,929
Tata Elxsi Ltd.	33,220	3,042,113
Tata Motors Ltd.	1,610,944	12,163,868
Tata Power Co. Ltd./The	1,393,682	4,008,592
Tata Steel Ltd.	7,115,829	10,151,176
Tech Mahindra Ltd.	519,873	7,082,791
The Indian Hotels Co. Ltd.	826,322	3,804,711
Titan Co. Ltd.	344,382	13,198,225
Torrent Pharmaceuticals Ltd.	98,523	2,276,722
Trent Ltd.	175,878	4,551,142
Tube Investments of India Ltd.	103,074	3,898,300
Tvs Motor Co. Ltd.	230,594	4,405,199
Ultratech Cement Ltd.	111,976	11,329,057
United Spirits Ltd. (a)	282,584	3,503,351
UPL Ltd.	437,060	2,836,969
Varun Beverages Ltd.	441,213	4,814,337
Vedanta Ltd.	721,828	1,877,876
Wipro Ltd.	1,265,523	5,807,937
Yes Bank Ltd. (a)	12,551,065	2,404,769
Zomato Ltd. (a)	4,159,006	5,258,852
TOTAL INDIA		964,909,935
Indonesia - 1.8%
Indofood Sukses Makmur Tbk PT	4,260,800	1,783,800
PT Adaro Energy Indonesia Tbk	13,955,600	2,251,726
PT Aneka Tambang Tbk	8,160,900	874,386
PT Astra International Tbk	19,626,300	7,139,647
PT Bank Central Asia Tbk	53,786,100	29,631,874
PT Bank Mandiri (Persero) Tbk	36,197,400	12,931,598
PT Bank Negara Indonesia (Persero) Tbk	14,461,200	4,364,196
PT Bank Rakyat Indonesia (Persero) Tbk	66,127,385	20,676,968
PT Barito Pacific Tbk	27,393,488	1,941,203
PT Charoen Pokphand Indonesia Tbk (a)	7,157,100	2,636,750
PT GoTo Gojek Tokopedia Tbk (a)	803,777,912	3,040,891
PT Indah Kiat Pulp & Paper Tbk	2,651,900	1,602,815
PT Indofood CBP Sukses Makmur Tbk	2,264,600	1,476,004
PT Kalbe Farma Tbk	20,450,200	2,174,972
PT Merdeka Copper Gold Tbk (a)	11,692,396	1,639,927
PT Sarana Menara Nusantara Tbk	19,840,900	1,112,762
PT Semen Indonesia (Persero) Tbk	3,270,499	1,256,699
PT Sumber Alfaria Trijaya Tbk	16,110,800	2,932,112
PT Telkom Indonesia Persero Tbk	48,042,000	10,531,566
PT Unilever Indonesia Tbk	7,411,500	1,689,886
PT United Tractors Tbk	1,446,200	2,288,623
PT Vale Indonesia Tbk	2,408,100	750,483
TOTAL INDONESIA		114,728,888
Korea (South) - 10.8%
AMOREPACIFIC Corp.	28,353	2,657,440
BGF Retail Co. Ltd.	8,389	856,601
Celltrion Healthcare Co. Ltd.	103,656	5,119,805
Celltrion Pharm, Inc.	17,280	811,778
Celltrion, Inc.	106,464	11,805,663
CJ CheilJedang Corp.	8,037	1,681,229
Cosmo AM&T Co. Ltd. (a)	22,317	2,320,035
Cosmo AM&T Co. Ltd. rights 11/7/23 (a)	1,139	13,979
Coway Co. Ltd.	53,699	1,715,863
Db Insurance Co. Ltd.	44,627	2,899,080
Doosan Bobcat, Inc.	53,435	1,532,966
Doosan Heavy Industries & Construction Co. Ltd. (a)	434,898	4,326,892
Ecopro BM Co. Ltd. (c)	47,417	6,926,698
Ecopro Co. Ltd. (c)	19,364	8,934,340
F&F Co. Ltd.	16,707	1,156,482
GS Holdings Corp.	45,072	1,314,236
Hana Financial Group, Inc.	286,903	8,329,850
Hankook Tire Co. Ltd.	72,030	2,040,572
Hanmi Pharm Co. Ltd.	6,700	1,398,803
Hanmi Semiconductor Co. Ltd.	42,471	1,661,650
Hanon Systems	181,172	923,102
Hanwha Aerospace Co. Ltd.	34,371	2,580,216
Hanwha Ocean Co. Ltd. (a)(c)	42,038	734,081
Hanwha Ocean Co. Ltd. rights 11/9/23 (a)	13,877	17,955
Hanwha Solutions Corp. (a)	100,001	2,126,888
HD Hyundai Co. Ltd.	42,136	1,792,012
HD Hyundai Heavy Industries Co. Ltd. (a)	21,502	1,627,885
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (a)	41,156	2,756,779
HLB, Inc.	112,573	2,421,884
HMM Co. Ltd.	237,022	2,563,449
Hotel Shilla Co. (c)	30,445	1,406,627
HYBE Co. Ltd. (a)	18,172	2,955,172
Hyundai Engineering & Construction Co. Ltd.	75,617	1,872,581
Hyundai Glovis Co. Ltd.	18,176	2,303,314
Hyundai Mipo Dockyard Co. Ltd. (a)	23,211	1,194,346
Hyundai Mobis	59,418	9,188,114
Hyundai Motor Co. Ltd.	133,386	16,779,612
Hyundai Steel Co.	84,185	2,044,210
Industrial Bank of Korea	270,912	2,238,737
JYP Entertainment Corp.	27,527	2,092,242
Kakao Corp.	301,481	8,484,896
Kakao Games Corp. (a)	35,960	623,220
Kakao Pay Corp. (a)	25,988	661,544
KakaoBank Corp.	161,788	2,186,274
Kangwon Land, Inc.	92,963	1,010,733
KB Financial Group, Inc.	371,698	14,147,481
Kia Corp.	253,388	14,454,964
Korea Aerospace Industries Ltd.	70,926	2,330,340
Korea Electric Power Corp. (a)	249,610	3,119,718
Korea Investment Holdings Co. Ltd.	40,587	1,515,040
Korea Zinc Co. Ltd.	7,707	2,674,356
Korean Air Lines Co. Ltd.	178,123	2,706,155
KRAFTON, Inc. (a)	28,130	3,419,249
KT Corp.	63,441	1,532,501
KT&G Corp.	99,839	6,288,836
Kumho Petro Chemical Co. Ltd.	17,051	1,600,190
L&F Co. Ltd. (c)	24,597	2,389,076
LG Chemical Ltd.	47,921	15,682,452
LG Corp.	91,512	5,230,292
LG Display Co. Ltd. (a)	225,561	2,038,013
LG Electronics, Inc.	103,146	7,640,337
LG Energy Solution (a)	45,384	12,990,889
LG H & H Co. Ltd.	9,084	2,126,534
LG Innotek Co. Ltd.	13,769	2,281,887
LG Uplus Corp.	208,276	1,558,655
Lotte Chemical Corp.	18,663	2,023,741
Lotte Energy Materials Corp.	22,344	639,155
Meritz Financial Holdings Co.	100,993	3,753,148
Mirae Asset Securities Co. Ltd.	264,817	1,295,337
NAVER Corp.	127,245	17,762,885
NCSOFT Corp.	13,835	2,386,686
Netmarble Corp. (a)(b)	20,824	596,952
NH Investment & Securities Co. Ltd.	145,173	1,039,989
Orion Corp./Republic of Korea	23,008	2,033,307
Pan Ocean Co., Ltd. (Korea)	258,843	825,159
Pearl Abyss Corp. (a)	31,139	1,139,107
POSCO	69,703	21,306,214
POSCO Chemtech Co. Ltd. (c)	30,045	5,286,772
Posco International Corp.	51,172	1,905,894
S-Oil Corp.	43,665	2,151,786
Samsung Biologics Co. Ltd. (a)(b)	17,255	9,057,625
Samsung C&T Corp.	81,007	6,395,383
Samsung Electro-Mechanics Co. Ltd.	54,317	5,014,767
Samsung Electronics Co. Ltd.	4,630,764	230,154,031
Samsung Engineering Co. Ltd. (a)	152,055	2,675,942
Samsung Fire & Marine Insurance Co. Ltd.	29,863	5,702,016
Samsung Heavy Industries Co. Ltd. (a)	639,726	3,238,272
Samsung Life Insurance Co. Ltd.	77,576	4,147,210
Samsung SDI Co. Ltd.	53,342	16,864,899
Samsung SDS Co. Ltd.	37,512	3,839,464
Samsung Securities Co. Ltd.	60,738	1,588,756
Shinhan Financial Group Co. Ltd.	427,228	10,965,283
SK Biopharmaceuticals Co. Ltd. (a)	30,375	1,697,341
SK Bioscience Co. Ltd. (a)(c)	26,058	1,171,061
SK Hynix, Inc.	529,423	45,908,064
SK IE Technology Co. Ltd. (a)(b)	24,194	1,065,252
SK Innovation Co., Ltd.	61,731	5,615,641
SK Square Co. Ltd. (a)	96,007	3,029,127
SK, Inc.	35,504	3,737,672
SKC Co. Ltd. (c)	18,360	1,072,132
Woori Financial Group, Inc.	589,845	5,202,233
Yuhan Corp.	52,018	2,214,146
TOTAL KOREA (SOUTH)		680,319,249
Kuwait - 0.8%
Agility Public Warehousing Co. KSC (a)	1,557,116	2,646,770
Boubyan Bank KSC	1,345,451	2,547,857
Gulf Bank	1,792,180	1,372,586
Gulf Bank rights 11/12/23 (a)	139,121	2,877
Kuwait Finance House KSCP	7,875,663	17,408,155
Mabanee Co. SAKC	639,498	1,704,915
Mobile Telecommunication Co.	1,890,305	2,938,235
National Bank of Kuwait	7,305,672	20,704,716
TOTAL KUWAIT		49,326,111
Luxembourg - 0.0%
Reinet Investments SCA	133,014	2,763,836
Malaysia - 1.4%
AMMB Holdings Bhd	1,635,600	1,312,149
Axiata Group Bhd	2,714,441	1,241,967
CelcomDigi Bhd	3,474,500	3,112,480
CIMB Group Holdings Bhd	6,311,720	7,562,052
Dialog Group Bhd	3,338,200	1,506,166
Gamuda Bhd	1,850,604	1,818,467
Genting Bhd	2,103,500	1,779,947
Genting Malaysia Bhd	2,931,200	1,489,512
Hong Leong Bank Bhd	642,500	2,616,132
Hong Leong Credit Bhd	226,800	843,415
IHH Healthcare Bhd	2,176,100	2,739,262
Inari Amertron Bhd	2,574,600	1,543,621
IOI Corp. Bhd	2,483,700	2,049,278
Kuala Lumpur Kepong Bhd	480,447	2,217,816
Malayan Banking Bhd	5,352,181	10,134,664
Malaysia Airports Holdings Bhd	825,603	1,280,930
Maxis Bhd	2,319,700	1,928,806
MISC Bhd	1,322,600	2,013,496
MR DIY Group M Sdn Bhd (b)	2,792,450	867,568
Nestle (Malaysia) Bhd	69,700	1,811,371
Petronas Chemicals Group Bhd	2,761,900	4,258,869
Petronas Dagangan Bhd	294,400	1,425,240
Petronas Gas Bhd	768,730	2,800,117
PPB Group Bhd	632,320	2,032,743
Press Metal Aluminium Holdings	3,660,300	3,783,566
Public Bank Bhd	14,357,300	12,539,692
QL Resources Bhd	1,084,450	1,258,616
RHB Bank Bhd	1,483,334	1,737,434
Sime Darby Bhd	2,691,849	1,293,750
Sime Darby Plantation Bhd	2,051,056	1,869,805
Telekom Malaysia Bhd	1,129,093	1,201,948
Tenaga Nasional Bhd	2,527,200	5,251,687
TOTAL MALAYSIA		89,322,566
Mexico - 2.4%
Alfa SA de CV Series A	3,037,100	1,893,450
America Movil S.A.B. de CV Series L	18,367,800	15,169,812
Arca Continental S.A.B. de CV	507,700	4,552,657
Banco del Bajio SA (b)	749,600	2,294,244
CEMEX S.A.B. de CV unit (a)	14,691,918	8,825,419
Coca-Cola FEMSA S.A.B. de CV unit	509,515	3,865,803
Fibra Uno Administracion SA de CV	2,809,500	4,265,129
Fomento Economico Mexicano S.A.B. de CV unit	1,886,400	21,351,089
Gruma S.A.B. de CV Series B	179,405	3,121,900
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B	380,100	4,433,903
Grupo Aeroportuario del Sureste S.A.B. de CV Series B	188,005	4,051,769
Grupo Bimbo S.A.B. de CV Series A	1,288,100	5,242,708
Grupo Carso SA de CV Series A1	545,100	3,475,772
Grupo Financiero Banorte S.A.B. de CV Series O	2,516,200	20,421,010
Grupo Financiero Inbursa S.A.B. de CV Series O (a)	1,779,100	3,668,919
Grupo Mexico SA de CV Series B	3,019,507	12,314,846
Grupo Televisa SA de CV	2,327,000	1,067,408
Industrias Penoles SA de CV (a)	192,720	2,151,465
Kimberly-Clark de Mexico SA de CV Series A	1,476,800	2,707,207
Operadora de Sites Mexicanos, SA de CV	1,246,800	1,060,150
Orbia Advance Corp. S.A.B. de CV	974,155	1,578,294
Promotora y Operadora de Infraestructura S.A.B. de CV	184,135	1,507,274
Southern Copper Corp. (c)	82,457	5,846,201
Wal-Mart de Mexico SA de CV Series V	5,079,600	18,181,074
TOTAL MEXICO		153,047,503
Peru - 0.2%
Compania de Minas Buenaventura SAA	3,005	24,341
Compania de Minas Buenaventura SAA sponsored ADR	206,382	1,671,694
Credicorp Ltd.	511	63,722
Credicorp Ltd. (United States)	64,963	8,117,776
TOTAL PERU		9,877,533
Philippines - 0.6%
Aboitiz Equity Ventures, Inc.	1,640,060	1,320,929
Ayala Corp.	240,755	2,567,985
Ayala Land, Inc.	6,533,340	3,207,109
Bank of the Philippine Islands (BPI)	1,918,749	3,393,796
BDO Unibank, Inc.	2,297,983	5,160,422
International Container Terminal Services, Inc.	986,440	3,486,687
JG Summit Holdings, Inc.	2,554,356	1,652,925
Jollibee Food Corp.	434,460	1,566,757
Manila Electric Co.	266,650	1,665,235
Metropolitan Bank & Trust Co.	1,745,977	1,606,142
PLDT, Inc.	73,445	1,565,652
SM Investments Corp.	237,350	3,346,576
SM Prime Holdings, Inc.	9,812,600	5,179,327
Universal Robina Corp.	846,170	1,627,404
TOTAL PHILIPPINES		37,346,946
Poland - 0.9%
Allegro.eu SA (a)(b)	461,041	3,300,147
Bank Polska Kasa Opieki SA	178,100	5,399,596
Budimex SA	12,383	1,381,752
CD Projekt RED SA	62,965	1,569,622
Cyfrowy Polsat SA (c)	247,735	771,369
Dino Polska SA (a)(b)	47,541	4,497,831
KGHM Polska Miedz SA (Bearer)	135,791	3,618,794
LPP SA	1,079	3,473,662
mBank SA (a)	14,404	1,777,567
Orlen SA	562,754	8,884,781
PGE Polska Grupa Energetyczna SA (a)	875,622	1,517,145
Powszechna Kasa Oszczednosci Bank SA (a)	848,264	8,764,485
Powszechny Zaklad Ubezpieczen SA	586,267	6,626,743
Santander Bank Polska SA (a)	34,673	3,757,020
TOTAL POLAND		55,340,514
Qatar - 0.9%
Barwa Real Estate Co. (a)	2,081,270	1,446,200
Dukhan Bank	1,777,612	1,770,289
Industries Qatar QSC (a)	1,467,114	4,923,959
Masraf al Rayan	5,412,453	3,121,711
Mesaieed Petrochemical Holding Co. (a)	4,267,362	1,863,528
Ooredoo QSC	779,048	2,116,118
Qatar Electricity & Water Co. (a)	419,079	1,903,754
Qatar Fuel Co. (a)	578,744	2,360,436
Qatar Gas Transport Co. Ltd. (Nakilat) (a)	2,420,651	2,340,206
Qatar International Islamic Bank QSC (a)	954,700	2,425,426
Qatar Islamic Bank	1,604,227	7,666,451
Qatar National Bank SAQ	4,478,926	18,316,728
The Commercial Bank of Qatar (a)	3,140,826	4,421,828
TOTAL QATAR		54,676,634
Romania - 0.0%
NEPI Rockcastle PLC	486,610	2,628,151
Russia - 0.1%
Alrosa Co. Ltd. (d)	2,234,923	371,902
Gazprom OAO (d)	8,473,436	886,875
Gazprom OAO sponsored ADR (Reg. S) (a)(d)	863,533	197,265
Inter Rao Ues JSC (d)	31,187,844	171,988
LUKOIL PJSC (d)	334,533	103,570
LUKOIL PJSC sponsored ADR (a)(d)	22,773	6,442
MMC Norilsk Nickel PJSC (a)(d)	48,442	322,245
MMC Norilsk Nickel PJSC sponsored ADR (a)(d)	59,247	142,193
Mobile TeleSystems OJSC sponsored ADR (a)(d)	396,417	394,827
Moscow Exchange MICEX-RTS OAO (d)	1,311,841	252,234
Novatek PJSC GDR (Reg. S) (a)(d)	78,382	4,075,864
Novolipetsk Steel OJSC (a)(d)	1,258,902	12,089
Novolipetsk Steel OJSC GDR (Reg. S) (a)(d)	3,783	470
Ozon Holdings PLC ADR (a)(d)	40,002	83,826
PhosAgro PJSC:
GDR (Reg. S) (a)(d)	116,446	2,388
sponsored GDR (Reg. S) (a)(d)	749	15
Polyus PJSC (a)(d)	26,742	62,902
Polyus PJSC GDR (a)(d)	5,226	8,008
Rosneft Oil Co. OJSC (d)	857,494	143,441
Rosneft Oil Co. OJSC GDR (Reg. S) (a)(d)	150,200	35,515
Sberbank of Russia (d)	9,313,306	57,276
Severstal PAO (a)(d)	155,372	3,470
Severstal PAO GDR (Reg. S) (a)(d)	26,165	618
Surgutneftegas OJSC (d)	5,613,549	68,707
Surgutneftegas OJSC sponsored ADR (a)(d)	73,333	13,542
Tatneft PAO (d)	1,103,564	137,293
Tatneft PAO sponsored ADR (a)(d)	18,698	17,264
TCS Group Holding PLC GDR (a)(d)	103,050	131,252
United Co. RUSAL International PJSC (d)	2,596,470	312,996
VK Co. Ltd. GDR (Reg. S) (a)(d)	100,000	29,716
VTB Bank OJSC (a)(d)	2,380,815,800	90,983
VTB Bank OJSC sponsored GDR (Reg. S) (a)(d)	221,738	37,021
X5 Retail Group NV:
GDR (Reg. S) (a)(d)	102,956	24,296
GDR (Reg. S) (a)(d)	4,876	49,150
Yandex NV Class A (a)(d)	261,431	976,296
TOTAL RUSSIA		9,223,939
Saudi Arabia - 4.0%
ACWA Power Co.	92,348	5,587,748
Advanced Petrochemicals Co.	123,541	1,228,297
Al Rajhi Bank	1,900,395	33,989,899
Alinma Bank	950,104	8,332,024
Almarai Co. Ltd.	242,463	3,612,774
Arab National Bank	654,259	4,143,617
Arabian Internet and Communications Services Co. Ltd.	23,265	1,939,784
Bank Al-Jazira (a)	389,095	1,696,768
Bank Albilad	475,006	4,710,050
Banque Saudi Fransi	572,562	5,471,358
Bupa Arabia for Cooperative Insurance Co.	72,726	4,129,075
Dallah Healthcare Co.	33,160	1,308,157
Dar Al Arkan Real Estate Development Co. (a)	513,467	2,066,679
Dr Sulaiman Al Habib Medical Services Group Co.	84,850	5,699,488
Elm Co.	23,270	4,349,324
Etihad Etisalat Co.	365,817	4,495,192
Jarir Marketing Co.	569,601	2,198,481
Luberef	49,078	1,687,563
Mobile Telecommunications Co. Saudi Arabia	426,955	1,570,524
Mouwasat Medical Services Co.	95,026	2,532,946
Nahdi Medical Co.	37,835	1,430,057
National Industrialization Co. (a)	317,621	983,782
Power & Water Utility Co. for Jubail & Yanbu	72,571	1,052,314
Rabigh Refining & Petrochemical Co. (a)	405,198	1,088,708
Riyad Bank	1,425,205	10,086,148
Sabic Agriculture-Nutrients Co.	226,136	8,065,091
Sahara International Petrochemical Co.	348,302	2,994,120
Saudi Arabian Mining Co.	1,253,134	12,024,956
Saudi Arabian Oil Co. (b)	2,581,335	22,912,479
Saudi Awwal Bank	976,169	8,703,714
Saudi Basic Industries Corp.	872,688	17,911,551
Saudi Electricity Co.	805,804	3,823,252
Saudi Industrial Investment Group	358,506	2,289,637
Saudi Investment Bank/The	474,594	1,859,615
Saudi Kayan Petrochemical Co. (a)	712,745	2,010,034
Saudi Research & Marketing Group (a)	34,870	1,310,553
Saudi Tadawul Group Holding Co.	46,545	2,061,995
Saudi Telecom Co.	1,939,588	19,852,911
The Co. for Cooperative Insurance	71,265	2,294,704
The Saudi National Bank	2,850,595	25,492,446
The Savola Group	253,758	2,462,094
Yanbu National Petrochemical Co.	267,114	2,694,921
TOTAL SAUDI ARABIA		254,154,830
South Africa - 2.8%
Absa Group Ltd.	821,918	7,493,511
African Rainbow Minerals Ltd.	108,874	897,163
Anglo American Platinum Ltd.	64,307	2,148,599
Aspen Pharmacare Holdings Ltd.	367,760	3,340,474
Bid Corp. Ltd.	325,291	6,900,969
Bidvest Group Ltd./The	280,539	3,970,972
Capitec Bank Holdings Ltd. (c)	84,422	7,496,130
Clicks Group Ltd.	234,864	3,460,928
Discovery Ltd.	522,113	3,602,054
Exxaro Resources Ltd. (c)	237,029	2,377,730
FirstRand Ltd. (c)	4,895,747	16,139,219
Gold Fields Ltd.	866,432	11,429,926
Growthpoint Properties Ltd. (c)	3,344,709	1,738,979
Harmony Gold Mining Co. Ltd. (c)	539,432	2,473,225
Impala Platinum Holdings Ltd.	840,073	3,499,401
Kumba Iron Ore Ltd.	62,486	1,655,632
MTN Group Ltd.	1,644,346	8,026,967
Naspers Ltd. Class N	190,022	29,662,600
Nedbank Group Ltd.	426,156	4,586,136
Northam Platinum Holdings Ltd.	346,141	2,089,197
Old Mutual Ltd.	4,724,302	3,003,782
OUTsurance Group Ltd.	817,387	1,768,319
Pepkor Holdings Ltd. (b)	1,953,025	1,781,431
Remgro Ltd.	513,102	3,966,612
Sanlam Ltd.	1,708,917	5,993,932
Sasol Ltd.	553,579	6,997,094
Shoprite Holdings Ltd.	487,606	6,248,421
Sibanye-Stillwater Ltd.	2,744,660	3,500,957
Standard Bank Group Ltd.	1,299,790	12,754,854
Vodacom Group Ltd.	604,502	3,290,826
Woolworths Holdings Ltd.	910,063	3,388,291
TOTAL SOUTH AFRICA		175,684,331
Taiwan - 14.4%
Accton Technology Corp.	489,000	7,570,864
Acer, Inc.	2,807,994	2,965,443
Advantech Co. Ltd.	456,100	4,680,421
ASE Technology Holding Co. Ltd.	2,968,927	10,386,152
Asia Cement Corp.	2,234,153	2,756,775
ASUSTeK Computer, Inc.	685,000	7,176,784
AUO Corp.	6,344,400	3,068,610
Catcher Technology Co. Ltd.	561,000	3,144,728
Cathay Financial Holding Co. Ltd.	9,245,410	12,536,822
Chailease Holding Co. Ltd.	1,486,944	8,059,790
Chang Hwa Commercial Bank	5,259,011	2,783,964
Cheng Shin Rubber Industry Co. Ltd.	1,885,937	2,575,230
China Airlines Ltd.	2,796,000	1,674,788
China Development Financial Ho (a)	15,511,648	5,418,056
China Steel Corp.	11,448,204	8,534,399
Chunghwa Telecom Co. Ltd.	3,687,000	13,176,557
Compal Electronics, Inc.	4,059,000	3,527,942
CTBC Financial Holding Co. Ltd.	17,087,826	12,858,988
Delta Electronics, Inc.	1,889,381	17,013,782
E Ink Holdings, Inc.	829,000	4,310,069
E.SUN Financial Holdings Co. Ltd.	13,650,270	10,050,309
ECLAT Textile Co. Ltd.	172,613	2,745,235
eMemory Technology, Inc.	62,000	3,881,398
EVA Airways Corp.	2,494,000	2,113,319
Evergreen Marine Corp. (Taiwan)	985,363	3,276,544
Far Eastern New Century Corp.	2,856,705	2,600,775
Far EasTone Telecommunications Co. Ltd.	1,549,000	3,625,622
Feng Tay Enterprise Co. Ltd.	478,408	2,639,649
First Financial Holding Co. Ltd.	10,562,760	8,445,246
Formosa Chemicals & Fibre Corp.	3,410,760	6,412,319
Formosa Petrochemical Corp.	1,108,000	2,704,799
Formosa Plastics Corp.	3,703,520	8,800,827
Fubon Financial Holding Co. Ltd.	7,572,356	14,070,669
Giant Manufacturing Co. Ltd.	303,935	1,535,686
Gigabyte Technology Co. Ltd.	493,000	3,346,833
Global Unichip Corp.	85,000	3,795,982
GlobalWafers Co. Ltd.	211,000	3,099,292
Hon Hai Precision Industry Co. Ltd. (Foxconn)	12,097,869	36,080,871
Hotai Motor Co. Ltd.	296,760	5,533,021
Hua Nan Financial Holdings Co. Ltd.	8,595,032	5,385,999
Innolux Corp.	8,362,133	3,149,822
Inventec Corp.	2,608,865	3,265,777
Largan Precision Co. Ltd.	97,000	6,207,760
Lite-On Technology Corp.	1,952,279	6,073,763
MediaTek, Inc.	1,473,292	38,422,367
Mega Financial Holding Co. Ltd.	10,899,691	12,358,728
Micro-Star International Co. Ltd.	695,000	3,555,196
momo.com, Inc.	82,080	1,352,163
Nan Ya Plastics Corp.	4,614,860	8,822,916
Nan Ya Printed Circuit Board Corp.	220,000	1,613,579
Nanya Technology Corp.	1,201,000	2,405,886
Nien Made Enterprise Co. Ltd.	170,000	1,502,890
Novatek Microelectronics Corp.	560,000	7,880,447
Pegatron Corp.	1,938,000	4,519,078
PharmaEssentia Corp. (a)	231,000	2,297,032
Pou Chen Corp.	2,139,000	1,905,157
Powerchip Semiconductor Manufacturing Corp.	2,956,294	2,430,035
President Chain Store Corp.	555,000	4,411,265
Quanta Computer, Inc.	2,622,000	15,469,168
Realtek Semiconductor Corp.	473,401	5,895,393
Ruentex Development Co. Ltd.	1,480,555	1,483,671
Shin Kong Financial Holding Co. Ltd. (a)	12,723,127	3,415,412
Sinopac Financial Holdings Co.	10,198,435	5,620,268
Synnex Technology International Corp.	1,213,500	2,573,436
Taishin Financial Holdings Co. Ltd.	10,885,689	5,801,593
Taiwan Business Bank	5,977,696	2,354,979
Taiwan Cement Corp.	6,244,730	6,217,561
Taiwan Cooperative Financial Holding Co. Ltd.	9,979,868	7,744,067
Taiwan High Speed Rail Corp.	1,918,000	1,740,090
Taiwan Mobile Co. Ltd.	1,672,900	4,940,060
Taiwan Semiconductor Manufacturing Co. Ltd.	23,887,000	389,834,403
The Shanghai Commercial & Savings Bank Ltd.	3,730,609	4,939,219
Uni-President Enterprises Corp.	4,684,983	9,821,283
Unimicron Technology Corp.	1,331,000	5,931,574
United Microelectronics Corp.	10,911,000	15,679,179
Vanguard International Semiconductor Corp.	873,000	1,894,454
Voltronic Power Technology Corp.	63,000	2,524,602
Walsin Lihwa Corp.	2,737,526	2,911,258
Wan Hai Lines Ltd.	678,950	969,650
Winbond Electronics Corp.	2,894,000	2,240,897
Winbond Electronics Corp. rights 11/3/23 (a)	116,341	10,573
Wistron Corp.	2,530,000	7,049,474
Wiwynn Corp.	84,756	4,012,913
WPG Holding Co. Ltd.	1,547,200	3,421,050
Yageo Corp.	327,845	5,340,919
Yang Ming Marine Transport Corp.	1,692,000	2,203,619
Yuanta Financial Holding Co. Ltd.	9,844,750	7,390,833
Zhen Ding Technology Holding Ltd.	643,000	1,942,573
TOTAL TAIWAN		907,912,591
Thailand - 1.8%
Advanced Info Service PCL (For. Reg.)	1,155,000	7,035,126
Airports of Thailand PCL (For. Reg.) (a)	4,163,000	7,686,326
Asset World Corp. PCL (For. Reg.)	6,821,000	652,714
B. Grimm Power PCL (For. Reg.)	606,400	370,964
Bangkok Dusit Medical Services PCL (For. Reg.)	10,794,400	7,913,215
Bangkok Expressway and Metro PCL (For. Reg.)	7,441,000	1,625,587
Banpu PCL:
(For. Reg.)	7,382,700	1,551,941
NVDR	2,300	483
Berli Jucker PCL (For. Reg.)	977,200	764,517
BTS Group Holdings PCL (For. Reg.)	7,688,200	1,599,020
Bumrungrad Hospital PCL:
(For. Reg.)	556,700	4,001,286
NVDR	21,800	156,688
Central Pattana PCL (For. Reg.)	1,964,300	3,398,272
Central Retail Corp. PCL (For. Reg.)	1,799,916	1,830,641
Charoen Pokphand Foods PCL (For. Reg.)	3,771,720	1,951,139
CP ALL PCL (For. Reg.)	5,669,500	8,665,070
CP Axtra PCL:
(For. Reg.)	1,727,500	1,350,721
NVDR	12,800	10,008
Delta Electronics PCL (For. Reg.)	3,023,900	6,609,851
Electricity Generating PCL (For. Reg.)	228,500	771,365
Energy Absolute PCL (For. Reg.)	1,634,500	1,899,938
Global Power Synergy Public Co. Ltd. (For. Reg.)	687,100	741,776
Gulf Energy Development PCL (For. Reg.)	2,706,100	3,238,870
Home Product Center PCL (For. Reg.)	5,750,106	1,893,225
Indorama Ventures PCL (For. Reg.)	1,636,000	1,071,966
Intouch Holdings PCL (For. Reg.)	941,300	1,849,032
Kasikornbank PCL (For. Reg.)	575,700	2,093,828
Krung Thai Bank PCL (For. Reg.)	3,393,570	1,764,558
Krungthai Card PCL (For. Reg.)	1,002,700	1,213,871
Land & House PCL (For. Reg.)	8,248,700	1,723,180
Minor International PCL (For. Reg.)	3,186,532	2,469,464
Muangthai Leasing PCL (For. Reg.)	721,900	729,082
Osotspa PCL (For. Reg.)	1,143,000	743,305
PTT Exploration and Production PCL (For. Reg.)	1,348,339	6,123,561
PTT Global Chemical PCL (For. Reg.)	2,188,439	2,090,201
PTT Oil & Retail Business PCL:
(For. Reg.)	1,426,500	722,398
NVDR	1,490,200	754,657
PTT PCL (For. Reg.)	9,700,800	8,929,319
Ratch Group PCL (For. Reg.)	1,049,200	936,119
SCB X PCL (For. Reg.)	818,300	2,231,158
SCG Packaging PCL (For. Reg.)	1,244,200	1,239,773
Siam Cement PCL (For. Reg.)	759,550	6,050,777
Thai Oil PCL (For. Reg.)	1,194,114	1,554,806
TMBThanachart Bank PCL:
(For. Reg.)	23,430,400	1,082,413
NVDR	101,100	4,671
True Corp. PCL	7,506,579	1,258,958
TOTAL THAILAND		112,355,840
Turkey - 0.7%
Akbank TAS	3,025,164	3,147,023
Aselsan A/S	1,327,023	1,937,168
Bim Birlesik Magazalar A/S JSC	441,619	4,241,651
Eregli Demir ve Celik Fabrikalari T.A.S. (a)	1,358,415	1,816,065
Ford Otomotiv Sanayi A/S	68,068	1,889,947
Haci Omer Sabanci Holding A/S	989,124	1,868,628
Hektas Ticaret A/S (a)	1,104,152	854,649
Koc Holding A/S	737,729	3,563,701
Koza Altin Isletmeleri A/S	931,931	722,661
Pegasus Hava Tasimaciligi A/S (a)	44,596	1,110,205
Sasa Polyester Sanayi A/S	1,027,139	1,550,905
Tofas Turk Otomobil Fabrikasi A/S	121,200	1,030,142
Turk Hava Yollari AO (a)	535,046	4,105,529
Turkcell Iletisim Hizmet A/S	1,173,612	1,989,226
Turkiye Is Bankasi A/S Series C	3,393,937	2,514,360
Turkiye Petrol Rafinerileri A/S	934,244	4,681,241
Turkiye Sise ve Cam Fabrikalari A/S	1,336,841	2,234,736
Yapi ve Kredi Bankasi A/S	3,276,138	1,994,425
TOTAL TURKEY		41,252,262
United Arab Emirates - 1.3%
Abu Dhabi Commercial Bank PJSC	2,838,873	6,206,412
Abu Dhabi Islamic Bank (a)	1,408,269	3,949,134
Abu Dhabi National Oil Co. for Distribution PJSC	3,029,534	2,771,368
Aldar Properties PJSC	3,738,001	5,292,024
Americana Restaurants International PLC	2,449,785	2,467,793
Dubai Islamic Bank Pakistan Ltd.	2,807,102	4,126,967
Emaar Properties PJSC	6,429,072	11,709,908
Emirates NBD Bank PJSC	1,837,306	8,478,719
Emirates Telecommunications Corp.	3,373,862	16,956,573
First Abu Dhabi Bank PJSC	4,284,709	14,791,753
Multiply Group (a)	3,801,436	3,518,890
TOTAL UNITED ARAB EMIRATES		80,269,541
United Kingdom - 0.1%
AngloGold Ashanti PLC (c)	406,912	7,521,459
Pepco Group NV (a)	167,150	676,608
TOTAL UNITED KINGDOM		8,198,067
United States of America - 0.1%
JBS SA	752,800	2,990,744
Legend Biotech Corp. ADR (a)	57,876	3,823,867
Parade Technologies Ltd.	75,000	2,457,123
TOTAL UNITED STATES OF AMERICA		9,271,734
TOTAL COMMON STOCKS (Cost $6,603,225,248)		5,955,585,895

Nonconvertible Preferred Stocks - 2.2%
	Shares	Value ($)
Brazil - 1.4%
Banco Bradesco SA (PN)	5,144,104	14,274,015
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B)	269,706	2,056,864
Companhia Energetica de Minas Gerais (CEMIG) (PN)	1,348,780	3,140,711
Gerdau SA	1,121,275	4,841,604
Itau Unibanco Holding SA	4,698,231	24,992,623
Itausa-Investimentos Itau SA (PN)	4,939,252	8,464,350
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.)	4,636,600	31,948,328
TOTAL BRAZIL		89,718,495
Chile - 0.1%
Sociedad Quimica y Minera de Chile SA (PN-B)	138,503	6,700,760
Colombia - 0.1%
Bancolombia SA (PN)	423,207	2,714,447
Korea (South) - 0.6%
Hyundai Motor Co. Ltd.	21,030	1,550,698
Hyundai Motor Co. Ltd. Series 2	36,104	2,678,266
LG Chemical Ltd.	7,444	1,552,419
LG H & H Co. Ltd.	2	210
Samsung Electronics Co. Ltd.	797,899	31,808,677
TOTAL KOREA (SOUTH)		37,590,270
Russia - 0.0%
Surgutneftegas OJSC (d)	5,794,540	100,840
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $148,346,263)		136,824,812

Nonconvertible Bonds - 0.0%
		Principal Amount (e)	Value ($)
India - 0.0%
NTPC Ltd. 8.49% 3/25/25 (Cost $52,909)	INR	264,162	33,458

Government Obligations - 0.2%
	Principal Amount (e)	Value ($)
United States of America - 0.2%
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (f) (Cost $14,750,623)	15,000,000	14,749,752

Money Market Funds - 4.6%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (g)	205,320,582	205,361,646
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h)	83,807,006	83,815,387
TOTAL MONEY MARKET FUNDS (Cost $289,177,033)		289,177,033

TOTAL INVESTMENT IN SECURITIES - 101.3% (Cost $7,055,552,076)	6,396,370,950
NET OTHER ASSETS (LIABILITIES) - (1.3)%	(84,984,023)
NET ASSETS - 100.0%	6,311,386,927

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
ICE MSCI Emerging Markets Index Contracts (United States)	4,702	Dec 2023	216,103,920	(9,953,109)	(9,953,109)

The notional amount of futures purchased as a percentage of Net Assets is 3.4%

Currency Abbreviations

INR

Indian rupee

Legend

(a)	Non-income producing

(b)

(c)	Security or a portion of the security is on loan at period end.

(d)	Level 3 security

(e)	Amount is stated in United States dollars unless otherwise noted.

(f)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $7,277,528.

(g)

(h)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	62,332,615	1,425,848,979	1,282,819,948	7,674,790	-	-	205,361,646	0.5%
Fidelity Securities Lending Cash Central Fund 5.40%	20,632,407	371,661,351	308,478,371	901,498	-	-	83,815,387	0.3%
Total	82,965,022	1,797,510,330	1,591,298,319	8,576,288	-	-	289,177,033

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	569,839,189	104,635,404	463,802,946	1,400,839
Consumer Discretionary	825,949,623	176,035,253	649,830,544	83,826
Consumer Staples	380,099,419	122,683,501	257,342,471	73,447
Energy	326,848,680	124,918,661	196,143,401	5,786,618
Financials	1,365,401,835	500,646,106	864,186,963	568,766
Health Care	240,441,048	28,222,234	212,218,814	-
Industrials	390,583,485	93,286,283	297,297,202	-
Information Technology	1,257,698,668	10,270,351	1,247,428,317	-
Materials	474,041,461	171,355,380	301,446,785	1,239,296
Real Estate	102,178,520	41,306,132	60,872,388	-
Utilities	159,328,779	57,850,368	101,306,421	171,990

Corporate Bonds	33,458	-	33,458	-

Government Obligations	14,749,752	-	14,749,752	-

Money Market Funds	289,177,033	289,177,033	-	-
Total Investments in Securities:	6,396,370,950	1,720,386,706	4,666,659,462	9,324,782
Derivative Instruments: Liabilities
Futures Contracts	(9,953,109)	(9,953,109)	-	-
Total Liabilities	(9,953,109)	(9,953,109)	-	-
Total Derivative Instruments:	(9,953,109)	(9,953,109)	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	0	(9,953,109)
Total Equity Risk	0	(9,953,109)
Total Value of Derivatives	0	(9,953,109)

Fidelity® Emerging Markets Index Fund

Fidelity® Global ex U.S. Index Fund

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $78,528,995) - See accompanying schedule:
Unaffiliated issuers (cost $6,766,375,043)	$	6,107,193,917
Fidelity Central Funds (cost $289,177,033)		289,177,033


Total Investment in Securities (cost $7,055,552,076)			$	6,396,370,950
Cash				1,480,813
Foreign currency held at value (cost $11,949,458)				11,438,887
Receivable for investments sold				5,046
Receivable for fund shares sold				12,314,673
Dividends receivable				7,753,905
Interest receivable				125
Distributions receivable from Fidelity Central Funds				1,098,972
Other receivables				85,333
Total assets				6,430,548,704
Liabilities
Payable for investments purchased	$	348
Payable for fund shares redeemed		8,481,716
Accrued management fee		402,235
Payable for daily variation margin on futures contracts		1,430,948
Deferred taxes		25,034,520
Other payables and accrued expenses		105
Collateral on securities loaned		83,811,905
Total Liabilities				119,161,777
Net Assets			$	6,311,386,927
Net Assets consist of:
Paid in capital			$	7,653,787,779
Total accumulated earnings (loss)				(1,342,400,852)
Net Assets			$	6,311,386,927
Net Asset Value, offering price and redemption price per share ($6,311,386,927 ÷ 682,174,487 shares)			$	9.25

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	189,904,744
Non-Cash dividends				14,008,039
Interest				602,427
Income from Fidelity Central Funds (including $901,498 from security lending)				8,576,288
Income before foreign taxes withheld			$	213,091,498
Less foreign taxes withheld				(22,620,498)
Total Income				190,471,000
Expenses
Management fee	$	4,732,606
Independent trustees' fees and expenses		21,688
Total expenses before reductions		4,754,294
Expense reductions		(64,889)
Total expenses after reductions				4,689,405
Net Investment income (loss)				185,781,595
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $1,186,821)		(215,485,861)
Foreign currency transactions		(149,073)
Futures contracts		8,974,516
Total net realized gain (loss)				(206,660,418)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,388,227)		565,422,380
Assets and liabilities in foreign currencies		(290,798)
Futures contracts		(9,104,849)
Total change in net unrealized appreciation (depreciation)				556,026,733
Net gain (loss)				349,366,315
Net increase (decrease) in net assets resulting from operations			$	535,147,910

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	185,781,595	$	185,918,754
Net realized gain (loss)		(206,660,418)		(288,874,732)
Change in net unrealized appreciation (depreciation)		556,026,733		(2,125,258,642)
Net increase (decrease) in net assets resulting from operations		535,147,910		(2,228,214,620)
Distributions to shareholders		(144,831,374)		(141,768,973)

Share transactions
Proceeds from sales of shares		2,426,882,664		4,848,475,063
Reinvestment of distributions		115,318,941		111,740,080
Cost of shares redeemed		(1,855,775,506)		(3,797,103,742)

Net increase (decrease) in net assets resulting from share transactions		686,426,099		1,163,111,401
Total increase (decrease) in net assets		1,076,742,635		(1,206,872,192)

Net Assets
Beginning of period		5,234,644,292		6,441,516,484
End of period	$	6,311,386,927	$	5,234,644,292

Other Information
Shares
Sold		248,751,213		456,938,763
Issued in reinvestment of distributions		12,281,037		9,382,039
Redeemed		(190,452,525)		(364,529,607)
Net increase (decrease)		70,579,725		101,791,195

Financial Highlights

Fidelity® Emerging Markets Index Fund

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	8.56	$	12.64	$	11.07	$	10.48	$	9.62
Income from Investment Operations
Net investment income (loss) A,B		.29		.32		.28		.22		.35 C
Net realized and unrealized gain (loss)		.63		(4.14)		1.48		.65		.72
Total from investment operations		.92		(3.82)		1.76		.87		1.07
Distributions from net investment income		(.23)		(.26)		(.19)		(.28)		(.21)
Total distributions		(.23)		(.26)		(.19)		(.28)		(.21)
Net asset value, end of period	$	9.25	$	8.56	$	12.64	$	11.07	$	10.48
Total Return D		10.74%		(30.81)%		15.95%		8.54%		11.33%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.08%		.08%		.07% G		.08%		.08%
Expenses net of fee waivers, if any		.08%		.08%		.07% G		.08%		.08%
Expenses net of all reductions		.07%		.07%		.07% G		.07%		.08%
Net investment income (loss)		2.93%		2.97%		2.17%		2.20%		3.40% C
Supplemental Data
Net assets, end of period (000 omitted)	$	6,311,387	$	5,234,644	$	6,441,516	$	3,400,765	$	2,938,021
Portfolio turnover rate H		7%		8%		5%		10%		3%

ACalculated based on average shares outstanding during the period.

CNet investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.08 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been 2.66%.

DTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

GThe size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

HAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Average Annual Total Returns

Periods ended October 31, 2023	Past 1 year	Past 5 years	Past 10 years
Fidelity® Global ex U.S. Index Fund	12.74%	3.64%	2.65%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity® Global ex U.S. Index Fund on October 31, 2013.

The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) ex USA Index performed over the same period.

Fidelity® Global ex U.S. Index Fund

Market Recap:

International (non-U.S.) equities gained 12.27% for the 12 months ending October 31, 2023, according to the MSCI ACWI (All Country World Index) ex USA Index, as global economic expansion and a slowing in the pace of inflation in some markets provided a favorable backdrop for risk assets. After returning -15.86% in 2022, the index's upturn has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence applications. The index gained 14.07% year to date through July, including strong gains in both June (+4.50%) and July (+4.07%). The rally for international equities sputtered for the next three months (-11.33%) amid a stalling pattern in disinflationary trends, heightened global recession and geopolitical risks, soaring yields on longer-term U.S. government bonds and particularly weak economic conditions in the eurozone and China. The three-month decline left non-U.S. stocks up 1.15% year to date through October. Currency fluctuations also helped bolster non-U.S. equity performance overall. For the full 12 months, nearly all regions advanced, with Europe ex U.K. (+18%) and Japan (+17%) leading, whereas Canada (-0.38%) lagged by the widest margin. Each of the 11 sectors advanced, with information technology (+21%) and consumer discretionary (+19%) leading the way. Energy and industrials each rose about 14%. Conversely, four defensive-oriented sectors lagged by the widest margin: real estate (+4%), health care (+6%), consumer staples (+7%) and utilities (+8%).

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending October 31, 2023, the fund gained 12.74%, versus 12.27% for the benchmark MSCI All Country World ex US Index (Net MA). From a regional standpoint, Europe ex the U.K. gained 17% and contributed most, followed by emerging markets (+10%). By sector, financials gained about 12% and contributed most. Information technology, which gained 21%, also helped, benefitting from the semiconductors & semiconductor equipment industry (+33%), as did consumer discretionary, which advanced roughly 19%. The industrials sector rose 13%, boosted by the capital goods industry (+18%), energy gained 12%, and communication services advanced approximately 13%. Other notable contributors included the materials (+8%), consumer staples (+7%), health care (+6%), utilities (+8%) and real estate (+4%) sectors. In contrast, Canada returned -1% and was a notable detractor. Turning to individual stocks, the top contributor was Novo-Nordisk (+78%), from the pharmaceuticals, biotechnology & life sciences category. Taiwan Semiconductor (+37%) and ASML Holding (+28%), within the semiconductors & semiconductor equipment group, also contributed. In media & entertainment, Tencent Holdings gained roughly 50% and lifted the fund. Lastly, HSBC (+48%), a stock in the banks category, contributed. Conversely, the biggest individual detractor was Roche Holding (-21%), from the pharmaceuticals, biotechnology & life sciences industry. Also in pharmaceuticals, biotechnology & life sciences, CSL (-17%) hurt. Adyen (-53%) and Brookfield (-26%), within the financial services group, also hindered the fund's performance. Lastly, Nutrien, within the materials industry, returned approximately -35% and hurt the fund.

Fidelity® Global ex U.S. Index Fund

Top Holdings (% of Fund's net assets)

Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	1.8
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals)	1.4
Nestle SA (Reg. S) (United States of America, Food Products)	1.3
Tencent Holdings Ltd. (China, Interactive Media & Services)	1.1
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment)	1.1
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	1.1
Shell PLC (London) (Netherlands, Oil, Gas & Consumable Fuels)	1.0
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	0.9
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals)	0.9
Novartis AG (Switzerland, Pharmaceuticals)	0.9
	11.5

Market Sectors (% of Fund's net assets)

Financials	22.4
Industrials	11.7
Consumer Discretionary	11.7
Information Technology	11.2
Health Care	9.5
Consumer Staples	8.1
Materials	7.3
Energy	6.7
Communication Services	5.4
Utilities	2.5
Real Estate	1.6

Asset Allocation (% of Fund's net assets)

Futures - 1.8%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Global ex U.S. Index Fund

Showing Percentage of Net Assets

Common Stocks - 97.2%
	Shares	Value ($)
Australia - 4.8%
Ampol Ltd.	87,270	1,769,640
ANZ Group Holdings Ltd.	1,106,324	17,445,599
APA Group unit	469,690	2,462,087
Aristocrat Leisure Ltd.	217,930	5,356,743
ASX Ltd.	70,739	2,527,334
Aurizon Holdings Ltd.	668,740	1,456,592
BHP Group Ltd.	1,867,998	52,878,310
BlueScope Steel Ltd.	166,637	1,997,555
Brambles Ltd.	513,469	4,285,286
Cochlear Ltd.	24,345	3,731,459
Coles Group Ltd.	497,823	4,831,716
Commonwealth Bank of Australia	617,135	37,963,618
Computershare Ltd.	213,355	3,367,159
DEXUS Property Group unit	393,147	1,623,772
EBOS Group Ltd.	56,346	1,150,260
Endeavour Group Ltd.	518,216	1,627,948
Flutter Entertainment PLC (a)	11,178	1,753,312
Flutter Entertainment PLC (Ireland) (a)	54,155	8,477,743
Fortescue Metals Group Ltd.	625,803	8,902,567
Glencore PLC	3,886,482	20,586,038
Goodman Group unit	626,469	8,289,381
IDP Education Ltd.	90,290	1,247,480
IGO Ltd.	253,795	1,536,823
Insurance Australia Group Ltd.	891,545	3,216,283
Lendlease Group unit	248,471	984,068
Macquarie Group Ltd.	135,567	13,934,929
Medibank Private Ltd.	999,467	2,181,116
Mineral Resources Ltd.	63,841	2,353,003
Mirvac Group unit	1,446,966	1,678,848
National Australia Bank Ltd.	1,157,517	20,736,055
Northern Star Resources Ltd.	426,967	3,126,587
Orica Ltd.	166,586	1,556,567
Origin Energy Ltd.	629,689	3,652,734
Pilbara Minerals Ltd. (b)	1,000,644	2,350,511
Qantas Airways Ltd. (a)	310,209	971,856
QBE Insurance Group Ltd.	552,807	5,481,693
Ramsay Health Care Ltd.	67,175	2,080,014
REA Group Ltd.	19,400	1,781,012
Reece Ltd.	82,841	923,654
Rio Tinto Ltd.	137,289	10,255,227
Rio Tinto PLC	415,185	26,489,019
Santos Ltd.	1,184,022	5,777,387
Scentre Group unit	1,947,326	3,016,784
SEEK Ltd.	134,023	1,768,124
Sonic Healthcare Ltd.	167,804	3,072,670
South32 Ltd.	1,691,051	3,617,808
Stockland Corp. Ltd. unit	874,883	1,974,560
Suncorp Group Ltd.	470,935	4,008,433
Telstra Group Ltd.	1,499,630	3,636,423
The GPT Group	729,283	1,683,061
The Lottery Corp. Ltd.	817,274	2,359,118
Transurban Group unit	1,135,911	8,551,699
Treasury Wine Estates Ltd.	263,687	2,023,965
Vicinity Centres unit	1,431,400	1,550,395
Washington H. Soul Pattinson & Co. Ltd.	87,781	1,870,075
Wesfarmers Ltd.	420,092	13,515,969
Westpac Banking Corp.	1,293,801	16,989,913
WiseTech Global Ltd.	60,436	2,250,109
Woodside Energy Group Ltd.	699,652	15,238,282
Woolworths Group Ltd.	451,047	10,096,584
TOTAL AUSTRALIA		402,022,957
Austria - 0.2%
Erste Group Bank AG	127,509	4,553,458
Mondi PLC	165,970	2,680,968
Mondi PLC	11,560	186,808
OMV AG	53,885	2,358,170
Verbund AG	25,441	2,207,368
Voestalpine AG	42,836	1,067,852
TOTAL AUSTRIA		13,054,624
Belgium - 0.5%
Ageas	58,065	2,227,763
Anheuser-Busch InBev SA NV	319,956	18,204,869
D'ieteren Group	7,918	1,173,763
Elia Group SA/NV	10,902	1,034,149
Groupe Bruxelles Lambert SA	35,385	2,583,420
KBC Group NV	92,634	5,087,032
Lotus Bakeries SA	146	1,081,378
Sofina SA	5,698	1,079,201
Solvay SA Class A	27,174	2,867,805
UCB SA	47,106	3,442,148
Umicore SA	80,298	1,910,518
Warehouses de Pauw	60,786	1,499,888
TOTAL BELGIUM		42,191,934
Brazil - 1.2%
Ambev SA	1,745,600	4,452,505
Atacadao SA	226,700	403,332
B3 SA - Brasil Bolsa Balcao	2,165,198	4,766,936
Banco Bradesco SA	566,415	1,380,719
Banco BTG Pactual SA unit	431,100	2,530,978
Banco do Brasil SA	319,900	3,067,817
Banco Santander SA (Brasil) unit	141,300	754,459
BB Seguridade Participacoes SA	257,100	1,568,582
CCR SA	373,000	886,307
Centrais Eletricas Brasileiras SA (Electrobras)	455,780	3,149,576
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)	125,600	1,454,113
Companhia Siderurgica Nacional SA (CSN)	236,800	552,342
Cosan SA	447,464	1,397,840
CPFL Energia SA (a)	80,700	535,252
Energisa SA unit	77,800	719,246
Eneva SA (a)	312,900	671,509
ENGIE Brasil Energia SA	81,450	634,896
Equatorial Energia SA	373,347	2,340,014
Hapvida Participacoes e Investimentos SA (a)(c)	1,914,255	1,401,022
Hypera SA (a)	139,900	840,496
Itausa-Investimentos Itau SA	28,608	48,685
Klabin SA unit	279,300	1,185,505
Localiza Rent a Car SA	336,784	3,398,067
Localiza Rent a Car SA rights 11/10/23 (a)	2,469	3,428
Lojas Renner SA (a)	348,622	847,742
Magazine Luiza SA (a)	1,104,252	291,299
Natura & Co. Holding SA	328,603	830,999
Petroleo Brasileiro SA - Petrobras (ON)	1,375,409	10,322,899
Prio SA (a)	297,600	2,815,594
Raia Drogasil SA	468,664	2,398,281
Rede D'Oregon Sao Luiz SA (c)	209,192	897,056
Rumo SA	475,900	2,105,882
Sendas Distribuidora SA	487,800	1,058,468
Suzano Papel e Celulose SA	290,138	2,967,703
Telefonica Brasil SA	154,000	1,381,854
TIM SA	312,900	941,477
Totvs SA	190,800	957,832
Ultrapar Participacoes SA	259,100	1,050,944
Vale SA	1,257,186	17,205,501
Vibra Energia SA (a)	425,751	1,671,168
Weg SA	622,700	4,077,022
Wheaton Precious Metals Corp.	167,461	7,072,789
Yara International ASA	60,121	1,964,396
TOTAL BRAZIL		99,002,532
Burkina Faso - 0.0%
Endeavour Mining PLC	67,689	1,398,634
Canada - 7.1%
Agnico Eagle Mines Ltd. (Canada)	181,672	8,520,603
Air Canada (a)	61,918	746,990
Algonquin Power & Utilities Corp.	239,401	1,204,989
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)	288,755	15,718,850
AltaGas Ltd.	103,366	1,920,107
ARC Resources Ltd.	221,585	3,564,854
Bank of Montreal	261,841	19,786,060
Bank of Nova Scotia	438,520	17,755,831
Barrick Gold Corp. (Canada)	648,184	10,353,182
BCE, Inc.	26,943	1,000,199
Brookfield Asset Management Ltd. Class A	130,451	3,739,266
Brookfield Corp. (Canada) Class A	519,992	15,148,857
CAE, Inc. (a)	119,224	2,489,798
Cameco Corp.	160,118	6,550,203
Canadian Apartment Properties (REIT) unit (b)	29,606	871,474
Canadian Imperial Bank of Commerce	333,252	11,753,636
Canadian National Railway Co.	207,350	21,939,402
Canadian Natural Resources Ltd.	408,423	25,935,265
Canadian Pacific Kansas City Ltd.	343,385	24,380,521
Canadian Tire Ltd. Class A (non-vtg.)	19,161	1,848,188
Canadian Utilities Ltd. Class A (non-vtg.)	45,634	965,496
CCL Industries, Inc. Class B	54,736	2,140,102
Cenovus Energy, Inc. (Canada)	528,266	10,064,386
CGI, Inc. Class A (sub. vtg.) (a)	78,294	7,558,681
Constellation Software, Inc.	7,434	14,902,898
Constellation Software, Inc. warrants 8/22/28 (a)(d)	7,326	1
Descartes Systems Group, Inc. (Canada) (a)	31,829	2,300,502
Dollarama, Inc.	105,289	7,190,098
Element Fleet Management Corp.	142,615	1,929,300
Emera, Inc.	102,457	3,355,758
Empire Co. Ltd. Class A (non-vtg.)	53,517	1,466,484
Enbridge, Inc.	784,900	25,153,024
Fairfax Financial Holdings Ltd. (sub. vtg.)	7,891	6,566,757
FirstService Corp.	14,838	2,099,629
Fortis, Inc.	177,260	7,037,992
Franco-Nevada Corp.	70,778	8,610,239
George Weston Ltd.	22,928	2,486,987
GFL Environmental, Inc.	86,405	2,489,187
Gildan Activewear, Inc.	65,201	1,852,005
Great-West Lifeco, Inc.	102,674	2,844,590
Hydro One Ltd. (c)	120,711	3,130,173
iA Financial Corp., Inc.	37,583	2,186,820
IGM Financial, Inc.	31,191	702,205
Imperial Oil Ltd.	75,317	4,292,268
Intact Financial Corp.	64,529	9,066,400
Ivanhoe Mines Ltd. (a)	223,295	1,645,628
Keyera Corp.	84,789	1,971,837
Kinross Gold Corp.	448,521	2,341,656
Loblaw Companies Ltd.	58,329	4,770,633
Magna International, Inc. Class A (sub. vtg.)	100,765	4,842,242
Manulife Financial Corp.	678,105	11,804,186
Metro, Inc.	84,597	4,297,107
National Bank of Canada	124,812	7,760,080
Northland Power, Inc.	91,764	1,289,692
Nutrien Ltd.	183,442	9,852,360
Nuvei Corp. (Canada) (c)	23,214	323,247
Onex Corp. (sub. vtg.)	25,225	1,413,728
Open Text Corp.	100,460	3,354,100
Pan American Silver Corp.	133,171	1,945,588
Parkland Corp.	51,444	1,556,953
Pembina Pipeline Corp.	199,099	6,127,669
Power Corp. of Canada (sub. vtg.)	213,760	5,149,971
Quebecor, Inc. Class B (sub. vtg.)	56,504	1,165,732
RB Global, Inc.	67,547	4,417,574
Restaurant Brands International, Inc.	108,202	7,268,085
Restaurant Brands International, Inc. (b)	867	58,262
RioCan (REIT)	51,889	630,488
Rogers Communications, Inc. Class B (non-vtg.)	132,597	4,912,806
Royal Bank of Canada	509,352	40,682,046
Saputo, Inc.	92,696	1,871,634
Shopify, Inc. Class A (a)	442,797	20,911,322
Stantec, Inc.	41,664	2,549,263
Sun Life Financial, Inc.	215,706	9,852,402
Suncor Energy, Inc.	486,548	15,756,893
TC Energy Corp.	375,378	12,928,108
Teck Resources Ltd. Class B (sub. vtg.)	168,344	5,948,337
TELUS Corp.	171,352	2,762,885
TFI International, Inc. (Canada)	28,656	3,170,086
The Toronto-Dominion Bank	677,537	37,845,333
Thomson Reuters Corp.	58,615	7,021,120
TMX Group Ltd.	104,910	2,184,821
Toromont Industries Ltd.	30,166	2,271,015
Tourmaline Oil Corp.	119,158	6,300,960
West Fraser Timber Co. Ltd.	20,572	1,388,378
WSP Global, Inc.	46,087	6,031,606
TOTAL CANADA		593,996,090
Chile - 0.1%
Antofagasta PLC	144,075	2,355,310
Banco de Chile	16,697,437	1,715,452
Banco de Credito e Inversiones	26,537	634,516
Banco Santander Chile	24,431,455	1,065,157
Cencosud SA	468,435	758,917
Compania Cervecerias Unidas SA	44,893	255,213
Compania Sud Americana de Vapores SA	5,525,781	306,851
Empresas CMPC SA	401,073	717,002
Empresas COPEC SA	143,559	950,377
Enel Americas SA (a)	7,906,370	812,722
Enel Chile SA	10,181,816	602,946
Falabella SA	316,660	644,819
Lundin Mining Corp.	237,405	1,482,551
TOTAL CHILE		12,301,833
China - 8.6%
360 Security Technology, Inc. (A Shares) (a)	154,800	190,248
37 Interactive Entertainment Network Technology Group Co. Ltd. (A Shares)	48,200	136,367
3Peak, Inc. (A Shares)	2,486	54,749
3SBio, Inc. (c)	670,500	596,505
AAC Technology Holdings, Inc.	260,000	468,010
Accelink Technologies Co. Ltd. (A Shares)	17,000	62,656
Advanced Micro-Fabrication Equipment, Inc., China (A Shares)	13,645	319,667
AECC Aero-Engine Control Co. Ltd. (A Shares)	27,900	79,219
AECC Aviation Power Co. Ltd.	58,200	281,482
Agricultural Bank of China Ltd.:
(A Shares)	2,154,700	1,057,606
(H Shares)	10,475,000	3,869,011
Aier Eye Hospital Group Co. Ltd. (A Shares)	207,169	518,062
AIMA Technology Group Co. Ltd.	19,100	73,368
Air China Ltd.:
(A Shares) (a)	192,700	211,369
(H Shares) (a)	744,000	506,149
Airtac International Group	51,043	1,676,879
Akeso, Inc. (a)(c)	186,000	1,044,493
Alibaba Group Holding Ltd. (a)	6,063,512	62,424,336
Alibaba Health Information Technology Ltd. (a)	1,956,000	1,152,238
Aluminum Corp. of China Ltd.:
(A shares)	648,700	549,835
(H Shares)	936,000	500,695
Amlogic Shanghai Co. Ltd. (A Shares) (a)	8,978	73,778
Angel Yeast Co. Ltd. (A Shares)	19,600	93,734
Anhui Conch Cement Co. Ltd.:
(A Shares)	32,800	108,494
(H Shares)	597,500	1,486,995
Anhui Gujing Distillery Co. Ltd.:
(A Shares)	1,200	45,744
(B Shares)	55,802	869,754
Anhui Honglu Steel Construction Group Co. Ltd.	14,950	51,366
Anhui Jianghuai Automobile Group Corp. Ltd. (A Shares) (a)	43,400	107,578
Anhui Kouzi Distillery Co. Ltd. (A Shares)	13,500	92,666
Anhui Yingjia Distillery Co. Ltd. (A Shares)	14,800	155,203
Anjoy Foods Group Co. Ltd. (A Shares)	6,700	118,361
Anker Innovations Technology Co. Ltd. (A Shares)	6,900	88,399
Anta Sports Products Ltd.	473,800	5,358,437
Apeloa Pharmaceutical Co. Ltd. A Shares	27,200	64,121
Asia - Potash International Investment Guangzhou Co. Ltd. (A Shares) (a)	19,000	74,083
ASR Microelectronics Co. Ltd. (A Shares)	8,869	79,054
Asymchem Laboratories Tianjin Co. Ltd. (A Shares)	7,360	151,915
Autobio Diagnostics Co. Ltd.	12,800	77,789
Autohome, Inc. ADR Class A	25,096	671,318
Avary Holding Shenzhen Co. Ltd. (A Shares)	39,400	115,479
AVIC Capital Co. Ltd. (A Shares)	204,200	93,005
AviChina Industry & Technology Co. Ltd. (H Shares)	871,000	394,752
Avicopter PLC (A Shares)	13,700	71,127
BAIC BluePark New Energy Technology Co. Ltd. (A Shares) (a)	105,000	98,427
Baidu, Inc. Class A (a)	834,344	10,953,943
Bank of Beijing Co. Ltd. (A Shares)	471,716	294,180
Bank of Changsha Co. Ltd. (A Shares)	104,200	104,692
Bank of Chengdu Co. Ltd. (A Shares)	77,600	131,178
Bank of China Ltd.:
(A Shares)	1,008,200	537,519
(H Shares)	29,033,000	10,142,255
Bank of Communications Co. Ltd.:
(A Shares)	730,700	562,366
(H Shares)	3,369,000	1,992,784
Bank of Hangzhou Co. Ltd. (A Shares)	119,780	175,229
Bank of Jiangsu Co. Ltd. (A Shares)	314,230	296,509
Bank of Nanjing Co. Ltd. (A Shares)	211,900	227,161
Bank of Ningbo Co. Ltd. (A Shares)	146,440	500,204
Bank of Shanghai Co. Ltd. (A Shares)	770,020	639,104
Bank of Suzhou Co. Ltd.	79,200	68,012
Baoshan Iron & Steel Co. Ltd. (A Shares)	470,300	402,396
BeiGene Ltd. (a)	257,371	3,694,787
Beijing Capital International Airport Co. Ltd. (H Shares) (a)	666,000	245,313
Beijing Dabeinong Technology Group Co. Ltd. (A Shares) (a)	96,900	93,409
Beijing E-Hualu Information Technology Co. Ltd. (A Shares) (a)	14,800	58,713
Beijing Easpring Material Technology Co. Ltd. (A Shares)	10,900	65,736
Beijing Enlight Media Co. Ltd. (A Shares)	63,600	68,024
Beijing Enterprises Holdings Ltd.	187,500	624,724
Beijing Enterprises Water Group Ltd.	1,442,000	304,270
Beijing Kingsoft Office Software, Inc. (A Shares)	10,132	398,606
Beijing New Building Materials PLC (A Shares)	36,100	120,724
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. (A Shares)	25,200	85,806
Beijing Roborock Technology Co. Ltd. (A Shares)	3,052	131,956
Beijing Shiji Information Technology Co. Ltd. (A Shares)	52,733	76,077
Beijing Tiantan Biological Products Corp. Ltd. (A Shares)	39,300	155,083
Beijing Tongrentang Co. Ltd. (A Shares)	29,200	204,955
Beijing United Information Technology Co. Ltd. (A Shares)	16,225	83,542
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. (A Shares)	18,746	112,442
Beijing Yanjing Brewery Co. Ltd. (A Shares)	64,000	90,998
Beijing-Shanghai High Speed Railway Co. Ltd. (A Shares)	722,800	494,181
Beiqi Foton Motor Co. Ltd. (A Shares) (a)	158,600	65,751
Bethel Automotive Safety Systems Co. Ltd. (A Shares)	9,600	99,365
Betta Pharmaceuticals Co. Ltd. (A Shares)	8,800	73,207
BGI Genomics Co. Ltd.	8,300	55,853
Bilibili, Inc. Class Z (a)(b)	71,431	958,442
Bloomage Biotechnology Corp. Ltd. (A Shares)	10,867	113,611
BOC Aviation Ltd. Class A (c)	74,000	455,106
BOC Hong Kong (Holdings) Ltd.	1,369,649	3,622,092
BOC International China Co. Ltd.	54,800	81,686
BOE Technology Group Co. Ltd. (A Shares)	775,300	415,644
Bosideng International Holdings Ltd.	1,368,000	540,127
BTG Hotels Group Co. Ltd. (a)	29,700	67,817
Budweiser Brewing Co. APAC Ltd. (c)	621,093	1,180,292
By-Health Co. Ltd. (A Shares)	33,900	84,894
BYD Co. Ltd.:
(A Shares)	37,500	1,223,873
(H Shares)	388,500	11,814,335
BYD Electronic International Co. Ltd.	289,000	1,206,435
C&D International Investment Group Ltd.	263,616	593,076
Caitong Securities Co. Ltd.	97,770	106,160
Cambricon Technologies Corp. Ltd. (A Shares) (a)	9,193	135,711
Canmax Technologies Co. Ltd. (A Shares)	15,730	58,514
CECEP Solar Energy Co. Ltd. (A Shares)	95,100	74,633
CECEP Wind-Power Corp. (A Shares)	156,650	67,908
CETC Cyberspace Security Technology Co. Ltd. (A Shares)	18,900	56,991
CGN Power Co. Ltd. (H Shares) (c)	3,810,000	915,572
Changchun High & New Technology Industry Group, Inc. (A Shares)	8,700	185,207
Changjiang Securities Co. Ltd. (A Shares)	101,100	78,648
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. (A Shares)	6,100	121,983
Chaozhou Three-Circle Group Co. (A Shares)	41,300	174,428
Chengxin Lithium Group Co. Ltd. (A Shares)	18,200	58,463
Chifeng Jilong Gold Mining Co. Ltd. (A Shares) (a)	37,100	74,692
China Baoan Group Co. Ltd. (A Shares)	56,600	79,969
China Cinda Asset Management Co. Ltd. (H Shares)	3,353,000	326,056
China CITIC Bank Corp. Ltd.:
(A Shares)	111,700	82,158
(H Shares)	3,022,000	1,348,139
China Coal Energy Co. Ltd. (H Shares)	721,000	566,322
China Communications Services Corp. Ltd. (H Shares)	828,000	338,674
China Conch Venture Holdings Ltd.	538,500	445,972
China Construction Bank Corp.:
(A Shares)	658,842	564,612
(H Shares)	34,899,000	19,737,412
China CSSC Holdings Ltd. (A Shares)	98,000	346,807
China Eastern Airlines Corp. Ltd. (A Shares) (a)	332,700	198,306
China Energy Engineering Corp. Ltd. (A Shares)	648,100	193,192
China Everbright Bank Co. Ltd.:
(A Shares)	324,600	131,769
(H Shares)	2,080,000	593,313
China Everbright International Ltd.	1,282,481	437,809
China Feihe Ltd. (c)	1,351,000	839,474
China Film Co. Ltd. (A Shares) (a)	38,800	63,403
China Galaxy Securities Co. Ltd.:
(A Shares)	80,200	133,009
(H Shares)	1,345,500	688,638
China Gas Holdings Ltd.	1,008,600	906,738
China Great Wall Securities Co. Ltd. (A Shares)	68,600	78,383
China Greatwall Technology Group Co. Ltd. (A Shares)	71,700	107,767
China Hongqiao Group Ltd.	878,000	821,996
China Huishan Dairy Holdings Co. Ltd. (a)(d)	397,000	1
China International Capital Corp. Ltd.	17,200	86,663
China International Capital Corp. Ltd. (H Shares) (c)	626,800	998,340
China Jinmao Holdings Group Ltd. (b)	2,149,483	263,649
China Jushi Co. Ltd. (A Shares)	70,122	111,001
China Life Insurance Co. Ltd.:
(A Shares)	31,100	142,859
(H Shares)	2,864,000	3,878,998
China Literature Ltd. (a)(c)	150,400	506,469
China Longyuan Power Grid Corp. Ltd. (H Shares)	1,234,000	1,044,616
China Medical System Holdings Ltd.	501,000	801,148
China Meheco Co. Ltd. (A Shares)	33,180	54,230
China Meidong Auto Holding Ltd.	248,000	133,000
China Mengniu Dairy Co. Ltd.	1,186,000	3,872,453
China Merchants Bank Co. Ltd.:
(A Shares)	345,400	1,453,469
(H Shares)	1,587,251	6,020,911
China Merchants Energy Shipping Co. Ltd. (A Shares)	190,000	167,067
China Merchants Holdings International Co. Ltd.	494,655	629,664
China Merchants Securities Co. Ltd. (A Shares)	156,930	303,430
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares)	172,400	260,099
China Minmetals Rare Earth Co. Ltd. (A Shares)	22,700	93,094
China Minsheng Banking Corp. Ltd.:
(A Shares)	801,300	407,506
(H Shares)	2,321,800	771,908
China National Building Materials Co. Ltd. (H Shares)	1,431,000	681,150
China National Chemical Engineering Co. Ltd. (A Shares)	123,200	117,938
China National Medicines Corp. Ltd. (A Shares)	17,200	67,695
China National Nuclear Power Co. Ltd. (A Shares)	406,100	412,016
China National Software & Service Co. Ltd. (A Shares)	19,630	92,298
China Northern Rare Earth Group High-Tech Co. Ltd.	79,700	227,769
China Oilfield Services Ltd. (H Shares)	650,000	768,508
China Oriental Group Co. Ltd. (H Shares)	107	16
China Overseas Land and Investment Ltd.	1,403,500	2,648,558
China Overseas Property Holdings Ltd.	490,000	425,556
China Pacific Insurance (Group) Co. Ltd.	101,700	385,653
China Pacific Insurance (Group) Co. Ltd. (H Shares)	1,098,800	2,706,751
China Petroleum & Chemical Corp.:
(A Shares)	924,000	690,028
(H Shares)	8,906,000	4,554,865
China Power International Development Ltd.	1,856,248	721,404
China Railway Group Ltd.:
(A Shares)	695,300	575,085
(H Shares)	1,065,000	502,642
China Railway Signal & Communications Corp. (A Shares)	163,929	105,258
China Resource Gas Group Ltd.	340,100	1,005,379
China Resources Beer Holdings Co. Ltd.	611,162	3,234,066
China Resources Cement Holdings Ltd.	934,000	240,158
China Resources Land Ltd.	1,200,634	4,494,103
China Resources Microelectronics Ltd. (A Shares)	29,035	211,167
China Resources Mixc Lifestyle Services Ltd. (c)	245,400	957,408
China Resources Pharmaceutical Group Ltd. (c)	576,000	357,809
China Resources Power Holdings Co. Ltd.	708,523	1,373,041
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. (A Shares)	21,900	129,090
China Ruyi Holdings Ltd. (a)(b)	2,060,000	474,370
China Shenhua Energy Co. Ltd.:
(A Shares)	135,500	561,242
(H Shares)	1,268,000	3,886,385
China Southern Airlines Ltd.:
(A Shares) (a)	323,800	273,403
(H Shares) (a)	572,000	270,664
China State Construction Engineering Corp. Ltd. (A Shares)	907,460	642,376
China State Construction International Holdings Ltd.	717,250	768,275
China Taiping Insurance Group Ltd.	534,777	494,014
China Three Gorges Renewables Group Co. Ltd. (A Shares)	613,400	402,602
China Tourism Group Duty Free Corp. Ltd.:
(A Shares)	63,900	826,642
(H Shares) (c)	3,400	38,397
China Tower Corp. Ltd. (H Shares) (c)	16,040,000	1,495,744
China Traditional Chinese Medicine Holdings Co. Ltd.	1,108,000	545,963
China United Network Communications Ltd. (A Shares)	707,400	431,209
China Vanke Co. Ltd.:
(A Shares)	148,200	229,282
(H Shares)	889,600	832,271
China XD Electric Co. Ltd. (A Shares)	103,000	65,100
China Yangtze Power Co. Ltd. (A Shares)	545,530	1,683,276
China Zhenhua (Group) Science & Technology Co. Ltd. (A Shares)	11,100	101,569
China Zheshang Bank Co. Ltd.	508,950	177,500
ChinaSoft International Ltd.	990,000	718,263
Chongqing Brewery Co. Ltd. (A Shares)	10,800	115,901
Chongqing Changan Automobile Co. Ltd. (A Shares)	188,290	389,743
Chongqing Fuling Zhacai Group Co. Ltd. Group (A Shares)	23,140	48,875
Chongqing Rural Commercial Bank Co. Ltd. (A Shares)	232,300	134,981
Chongqing Taiji Industry Group Co. Ltd. (A Shares) (a)	11,700	67,138
Chongqing Zhifei Biological Products Co. Ltd. (A Shares)	53,400	457,778
Chow Tai Fook Jewellery Group Ltd.	740,200	1,045,255
CITIC Pacific Ltd.	2,133,000	1,812,919
CITIC Securities Co. Ltd.:
(A Shares)	204,630	607,546
(H Shares)	768,675	1,495,732
Cmoc Group Ltd.:
(A Shares)	361,400	274,078
(H Shares)	1,419,000	846,308
CNGR Advanced Material Co. Ltd.	13,100	97,467
CNNC Hua Yuan Titanium Dioxide Co. Ltd. (A Shares)	62,975	41,012
CNPC Capital Co. Ltd. (A Shares)	133,600	108,397
Contemporary Amperex Technology Co. Ltd.	96,580	2,452,877
COSCO Shipping Development Co. Ltd. (A Shares)	201,700	63,411
COSCO Shipping Energy Transportation Co. Ltd.:
(A Shares)	80,100	157,879
(H Shares)	472,000	500,571
COSCO SHIPPING Holdings Co. Ltd.:
(A Shares) (a)	464,620	620,961
(H Shares)	870,650	885,484
Cosco Shipping Ports Ltd.	542,344	327,192
Country Garden Holdings Co. Ltd. (a)(b)	4,534,517	405,489
Country Garden Services Holdings Co. Ltd.	801,000	699,679
CRRC Corp. Ltd.:
(A Shares)	1,213,400	886,409
(H Shares)	476,000	198,313
CSC Financial Co. Ltd. (A Shares)	95,200	314,891
CSPC Pharmaceutical Group Ltd.	3,274,640	2,860,299
Dajin Heavy Industry Co. Ltd.	14,200	53,798
Daqin Railway Co. Ltd. (A Shares)	322,100	317,531
Daqo New Energy Corp. ADR (a)	21,215	540,134
DaShenLin Pharmaceutical Group Co. Ltd.	24,830	80,838
Datang International Power Generation Co. Ltd. (A Shares)	202,600	71,739
DHC Software Co. Ltd. (A Shares)	60,800	52,402
Do-Fluoride New Materials Co. Ltd. (A Shares)	23,380	51,149
Dong-E-E-Jiao Co. Ltd. (A Shares)	13,300	84,391
Dongfang Electric Corp. Ltd. (A Shares)	61,400	125,111
Dongfeng Motor Group Co. Ltd. (H Shares)	944,000	415,572
Dongxing Securities Co. Ltd. (A Shares)	67,500	73,832
Dongyue Group Co. Ltd.	575,000	458,016
East Buy Holding Ltd. (a)(b)(c)	149,000	607,846
East Money Information Co. Ltd. (A Shares)	348,789	727,923
Eastroc Beverage Group Co. Ltd.	5,400	141,809
Ecovacs Robotics Co. Ltd. Class A	12,700	74,987
ENN Energy Holdings Ltd.	289,500	2,193,005
ENN Natural Gas Co. Ltd. (A Shares)	60,000	141,630
Eoptolink Technology, Inc. Ltd. (A Shares)	15,300	65,998
ESR Group Ltd. (c)	791,259	1,016,685
Eve Energy Co. Ltd. (A shares)	45,524	288,810
Everbright Securities Co. Ltd. (A Shares)	86,400	194,519
Everdisplay Optronics Shanghai Co. Ltd. (A Shares) (a)	182,839	65,497
Fangda Carbon New Material Co. Ltd. (A Shares) (a)	75,600	60,988
Far East Horizon Ltd.	508,000	357,447
Farasis Energy Gan Zhou Co. Ltd. (A Shares) (a)	25,172	60,639
FAW Jiefang Group Co. Ltd. (A Shares) (a)	74,400	93,768
First Capital Securities Co. Ltd. (A Shares)	83,000	66,388
Flat Glass Group Co. Ltd.	64,000	114,936
Flat Glass Group Co. Ltd. (A Shares) (a)	93,700	330,956
Focus Media Information Technology Co. Ltd. (A Shares)	317,140	299,848
Foshan Haitian Flavouring & Food Co. Ltd. (A Shares)	103,377	532,147
Fosun International Ltd.	932,500	558,699
Founder Securities Co. Ltd. (A Shares)	186,400	193,228
Foxconn Industrial Internet Co. Ltd. (A Shares)	217,596	438,515
Fujian Sunner Development Co. Ltd. A Shares	29,800	73,309
Fuyao Glass Industries Group Co. Ltd.:
(A Shares)	90,600	461,087
(H Shares) (c)	160,000	729,455
G-bits Network Technology Xiamen Co. Ltd. (A Shares)	1,600	58,223
GalaxyCore, Inc. (A Shares)	36,469	91,832
Ganfeng Lithium Group Co. Ltd.:
(A Shares)	83,720	507,340
(H Shares) (c)	102,740	369,019
GCL Technology Holdings Ltd.	7,331,000	1,079,620
GD Power Development Co. Ltd. (A Shares)	411,600	204,794
GDS Holdings Ltd. Class A (a)	343,600	437,727
Geely Automobile Holdings Ltd.	2,308,000	2,620,330
GEM Co. Ltd. (A Shares)	106,200	85,114
Gemdale Corp. (A Shares)	103,400	72,985
Genscript Biotech Corp. (a)	426,000	1,238,453
GF Securities Co. Ltd.:
(A Shares)	269,600	547,020
(H Shares)	144,000	187,483
Giant Network Group Co. Ltd. (A Shares)	44,900	72,512
Gigadevice Semiconductor Beijing, Inc. (A Shares)	14,384	210,714
Ginlong Technologies Co. Ltd. (A Shares)	8,900	81,669
GoerTek, Inc. (A Shares)	76,300	188,408
Goldwind Science & Technology Co. Ltd. (A Shares)	103,982	125,054
Gongniu Group Co. Ltd. (A Shares)	9,300	134,431
GoodWe Technologies Co. Ltd. (A Shares)	3,959	63,247
Gotion High-tech Co. Ltd. (A Shares) (a)	38,500	119,884
Great Wall Motor Co. Ltd.:
(A Shares)	47,200	189,669
(H Shares)	867,500	1,212,672
Gree Electric Appliances, Inc. of Zhuhai (A Shares)	62,200	288,552
Greenland Holdings Corp. Ltd. (A Shares) (a)	263,200	91,744
Greentown China Holdings Ltd.	366,500	355,557
GRG Banking Equipment Co. Ltd. (A Shares)	43,500	69,430
Guangdong Haid Group Co. Ltd. (A Shares)	36,900	227,195
Guangdong HEC Technology Holding Co. Ltd. (A Shares) (a)	65,100	63,339
Guangdong Investment Ltd.	1,060,000	723,325
Guanghui Energy Co. Ltd. (A Shares)	151,500	155,562
Guangzhou Automobile Group Co. Ltd.	159,600	218,770
Guangzhou Automobile Group Co. Ltd. (H Shares)	992,000	464,750
Guangzhou Baiyun International Airport Co. Ltd. (A Shares) (a)	51,700	74,859
Guangzhou Baiyunshan Pharma Health (A Shares)	30,200	123,065
Guangzhou Great Power Energy & Technology Co. Ltd. (A Shares)	10,800	45,542
Guangzhou Haige Communications Group (A Shares)	45,300	71,952
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares)	10,500	88,878
Guangzhou Shiyuan Electronic Technology Co. Ltd. (A Shares)	14,300	82,158
Guangzhou Tinci Materials Technology Co. Ltd. (A Shares)	42,420	161,427
Guangzhou Yuexiu Financial Holdings Group Co. Ltd. (A Shares)	104,804	94,044
Guolian Securities Co. Ltd. (a)	55,900	82,206
Guosen Securities Co. Ltd. (A Shares)	151,000	198,384
Guotai Junan Securities Co. Ltd.:
(A Shares)	43,000	86,866
(H Shares) (c)	228,600	255,146
Guoyuan Securities Co. Ltd. (A Shares)	91,900	86,989
H World Group Ltd. ADR (a)(b)	77,552	2,920,608
Haidilao International Holding Ltd. (c)	611,000	1,529,826
Haier Smart Home Co. Ltd.	818,000	2,333,205
Haier Smart Home Co. Ltd. (A Shares)	204,329	620,955
Hainan Airlines Co. Ltd. (A Shares) (a)	948,700	189,398
Hainan Airport Infrastructure Co. Ltd. (A Shares) (a)	251,200	130,876
Haitian International Holdings Ltd.	229,000	546,299
Haitong Securities Co. Ltd.:
(A Shares)	130,800	174,732
(H Shares)	1,136,000	652,276
Hanergy Mobile Energy Holding (a)(d)	576,000	1
Hangzhou Binjiang Real Estate Group Co. Ltd. (A Shares)	68,700	78,646
Hangzhou Chang Chuan Technology Co. Ltd.	12,700	70,934
Hangzhou First Applied Material Co. Ltd. (A Shares)	39,392	137,662
Hangzhou GreatStar Industrial Co. Ltd. (A Shares) (a)	24,100	65,307
Hangzhou Lion Electronics Co. Ltd. (A Shares)	14,900	65,559
Hangzhou Oxygen Plant Group Co. Ltd. (A Shares)	21,100	95,247
Hangzhou Robam Appliances Co. Ltd. (A Shares)	21,100	66,582
Hangzhou Silan Microelectronics Co. Ltd. (A Shares)	29,000	96,310
Hangzhou Tigermed Consulting Co. Ltd.:
(A Shares)	4,600	41,976
(H Shares) (c)	7,800	43,830
Hansoh Pharmaceutical Group Co. Ltd. (c)	438,000	824,094
Haohua Chemical Science & Technology Co. Ltd. (A Shares)	17,200	72,311
Hebei Hengshui Laobaigan Liquor Co. Ltd.	21,600	70,262
Hebei Yangyuan Zhihui Beverage Co. Ltd. (A Shares)	28,200	95,968
Heilongjiang Agriculture Co. Ltd. (A Shares)	32,100	55,907
Henan Shenhuo Coal & Power Co. Ltd. (A Shares)	51,300	115,341
Henan Shuanghui Investment & Development Co. Ltd. (A Shares)	71,600	256,325
Hengan International Group Co. Ltd.	232,500	778,712
Hengdian Group DMEGC Magnetics Co. Ltd. (A Shares)	34,100	67,910
Hengli Petrochemical Co. Ltd. (A Shares) (a)	157,200	314,981
Hengtong Optic-electric Co. Ltd. (A Shares)	52,300	94,318
Hengyi Petrochemical Co. Ltd. (A Shares) (a)	73,630	72,397
Hesteel Co. Ltd. (A Shares)	237,700	72,790
Hisense Electric Co. Ltd.	26,900	85,624
Hithink RoyalFlush Information Network Co. Ltd. (A Shares)	11,600	222,834
Hongfa Technology Co. Ltd. (A Shares)	18,620	73,902
Hoshine Silicon Industry Co. Ltd. (A Shares)	17,400	136,178
Hoymiles Power Electronics, Inc. (A Shares)	1,914	58,626
Hoyuan Green Energy Co. Ltd. (A Shares)	12,297	62,808
Hua Hong Semiconductor Ltd. (a)(c)	217,000	534,272
Huadian Power International Corp. Ltd.:
(A Shares)	21,700	14,555
(H Shares)	238,000	95,563
Huadong Medicine Co. Ltd. (A Shares)	38,660	227,173
Huafon Chemical Co. Ltd. (A Shares)	94,500	93,725
Huagong Tech Co. Ltd. (A Shares)	22,800	88,126
Huaibei Mining Holdings Co. Ltd. (A Shares)	55,500	111,269
Hualan Biological Engineer, Inc. (A Shares)	41,350	132,697
Huaneng Power International, Inc.:
(A Shares) (a)	244,900	254,812
(H Shares) (a)	1,450,000	678,531
Huatai Securities Co. Ltd.:
(A Shares)	66,400	145,551
(H Shares) (c)	650,600	851,767
HUAXI Securities Co. Ltd.	59,200	64,158
Huaxia Bank Co. Ltd. (A Shares)	286,000	218,996
Huayu Automotive Systems Co. Ltd. (A Shares)	67,031	160,793
Hubei Feilihua Quartz Glass Co. Ltd. (A Shares)	10,300	55,779
Hubei Jumpcan Pharmaceutical Co. Ltd. (A Shares)	18,900	70,035
Hubei Xingfa Chemicals Group Co. Ltd. (A Shares)	24,300	65,291
Huizhou Desay SV Automotive Co. Ltd.	12,400	212,905
Humanwell Healthcare Group Co. Ltd. (A Shares)	38,100	121,833
Hunan Changyuan Lico Co. Ltd. (A Shares)	32,754	38,189
Hunan Valin Steel Co. Ltd. (A Shares)	139,500	111,164
Hundsun Technologies, Inc. (A Shares)	41,777	177,937
Hygeia Healthcare Holdings Co. (b)(c)	129,400	781,326
iFlytek Co. Ltd. (A Shares)	50,300	313,818
IMEIK Technology Development Co. Ltd. (A Shares)	4,800	216,453
Industrial & Commercial Bank of China Ltd.:
(A Shares)	1,760,800	1,138,843
(H Shares)	23,569,000	11,295,320
Industrial Bank Co. Ltd. (A Shares)	441,700	910,941
Industrial Securities Co. Ltd. (A Shares)	186,940	159,533
Ingenic Semiconductor Co. Ltd. (A Shares)	9,900	100,001
Inner Mongoli Yili Industries Co. Ltd. (A Shares)	141,700	531,322
Inner Mongolia Baotou Steel Union Co. Ltd. (A Shares) (a)	978,800	216,899
Inner Mongolia Dian Tou Energy Corp. Ltd.	46,800	87,078
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. (A Shares)	164,900	90,195
Inner Mongolia Yitai Coal Co. Ltd. (B Shares) (a)	372,300	510,971
Inner Mongolia Yuan Xing Energy Co. Ltd. (A Shares)	78,600	73,126
Innovent Biologics, Inc. (a)(c)	422,000	2,486,915
Inspur Electronic Information Industry Co. Ltd. (A Shares)	32,012	129,748
iQIYI, Inc. ADR (a)	162,192	755,815
iRay Technology Co. Ltd. (A Shares)	2,161	66,592
iSoftStone Information Technology Group Co. Ltd. (A Shares)	21,450	104,910
JA Solar Technology Co. Ltd. (A Shares)	72,996	223,663
Jason Furniture Hangzhou Co. Ltd. (A Shares)	18,020	91,237
JCET Group Co. Ltd. (A Shares)	37,800	159,558
JD Health International, Inc. (a)(c)	405,400	1,841,440
JD Logistics, Inc. (a)(c)	727,400	861,312
JD.com, Inc. Class A	869,867	11,058,760
Jiangsu Eastern Shenghong Co. Ltd.	139,600	203,121
Jiangsu Expressway Co. Ltd. (H Shares)	456,000	414,569
Jiangsu Hengli Hydraulic Co. Ltd.	28,772	221,477
Jiangsu Hengrui Medicine Co. Ltd. (A Shares)	141,048	923,784
Jiangsu King's Luck Brewery JSC Ltd. (A Shares)	27,900	223,118
Jiangsu Nhwa Pharmaceutical Co. Ltd. (A Shares)	20,700	74,408
Jiangsu Pacific Quartz Co. Ltd. (A Shares)	8,000	100,594
Jiangsu Phoenix Publishing & Media Corp. Ltd.	53,500	70,285
Jiangsu Yanghe Brewery JSC Ltd. (A Shares)	33,500	558,727
Jiangsu Yangnong Chemical Co. Ltd. (A Shares)	7,800	72,026
Jiangsu Yoke Technology Co. Ltd. (A Shares)	10,300	81,342
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (A Shares)	21,300	97,968
Jiangsu Zhongtian Technology Co. Ltd. (A Shares)	73,400	140,606
Jiangxi Copper Co. Ltd.:
(A Shares)	30,000	75,206
(H Shares)	407,000	575,480
Jiangxi Special Electric Motor Co. Ltd. (A Shares) (a)	35,600	58,293
Jinduicheng Molybdenum Co. Ltd. (A Shares)	71,500	98,166
Jinko Solar Co. Ltd. (A Shares)	147,331	191,178
JiuGui Liquor Co. Ltd. (A Shares)	7,300	76,276
Jiumaojiu International Holdings Ltd. (c)	347,000	377,577
Jizhong Energy Resources Co. Ltd. (A Shares)	84,300	74,009
Joincare Pharmaceutical Group Industry Co. Ltd. (A Shares)	39,200	63,539
Jointown Pharmaceutical Group (A Shares)	87,403	85,072
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. (A Shares) (a)	18,500	84,992
JOYY, Inc. ADR	16,746	651,754
Juewei Food Co. Ltd.	13,800	66,645
Juneyao Airlines Co. Ltd. (A shares) (a)	42,800	85,354
Kangmei Pharmaceutical Co. Ltd. rights (a)(d)	3,087	0
Kanzhun Ltd. ADR (a)	79,458	1,175,978
KE Holdings, Inc. ADR	244,602	3,598,095
Keda Industrial Group Co. Ltd.	40,500	60,328
Kingboard Chemical Holdings Ltd.	249,000	606,384
Kingdee International Software Group Co. Ltd. (a)	1,016,000	1,348,098
Kingnet Network Co. Ltd. (A Shares)	46,000	67,878
Kingsoft Corp. Ltd.	347,200	1,211,547
Kuaishou Technology Class B (a)(c)	862,500	5,554,368
Kuang-Chi Technologies Co. Ltd. (A Shares)	45,500	87,044
Kunlun Energy Co. Ltd.	1,448,000	1,206,334
Kunlun Tech Co. Ltd. (A Shares) (a)	26,500	114,062
Kweichow Moutai Co. Ltd. (A Shares)	28,500	6,565,096
Lb Group Co. Ltd. (A Shares)	48,600	123,716
Lenovo Group Ltd.	2,728,000	3,174,661
Lens Technology Co. Ltd. (A Shares)	106,900	191,011
Lepu Medical Technology Beijing Co. Ltd. (A Shares)	37,400	88,091
Li Auto, Inc. Class A (a)	416,064	7,037,152
Li Ning Co. Ltd.	885,500	2,713,530
Liaoning Port Co. Ltd. (A Shares)	390,600	80,612
Lingyi iTech Guangdong Co. (A Shares)	150,800	125,375
Livzon Pharmaceutical Group, Inc. (A Shares)	14,900	71,330
Longfor Properties Co. Ltd. (c)	694,508	1,011,038
LONGi Green Energy Technology Co. Ltd.	167,968	554,528
Lufax Holding Ltd. ADR	252,184	240,785
Luxi Chemical Group Co. Ltd.	42,500	65,981
Luxshare Precision Industry Co. Ltd. (A Shares)	157,047	705,314
Luzhou Laojiao Co. Ltd. (A Shares)	32,700	957,964
Mango Excellent Media Co. Ltd. (A Shares)	41,100	142,091
Maxscend Microelectronics Co. Ltd. (A Shares)	11,952	246,634
Meihua Holdings Group Co. Ltd. (A Shares)	69,600	90,413
Meinian Onehealth Healthcare Holdings Co. Ltd. (A Shares) (a)	86,164	72,653
Meituan Class B (a)(c)	1,875,010	26,578,293
Metallurgical Corp. China Ltd. (H Shares)	920,000	182,433
Microport Scientific Corp. (a)	301,300	474,780
Ming Yang Smart Energy Group Ltd. (A Shares)	47,800	91,394
MINISO Group Holding Ltd. ADR	34,655	877,118
Minth Group Ltd.	280,000	625,024
Montage Technology Co. Ltd. (A Shares)	24,805	187,032
Muyuan Foodstuff Co. Ltd. (A Shares)	119,040	614,003
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd.	35,293	61,048
Nanjing Securities Co. Ltd. (A Shares)	88,600	97,434
NARI Technology Co. Ltd. (A Shares)	171,705	530,260
National Silicon Industry Group Co. Ltd. (A Shares) (a)	61,329	152,216
NAURA Technology Group Co. Ltd.	11,600	406,913
NavInfo Co. Ltd. (A Shares) (a)	52,300	71,549
NetEase, Inc.	715,795	15,319,123
New China Life Insurance Co. Ltd.	21,900	100,104
New China Life Insurance Co. Ltd. (H Shares)	359,900	789,498
New Hope Liuhe Co. Ltd. (A Shares) (a)	103,800	144,075
New Oriental Education & Technology Group, Inc. (a)	548,610	3,576,958
Ninestar Corp. (A Shares)	31,300	105,014
Ningbo Deye Technology Co. Ltd. (A Shares)	9,100	86,112
Ningbo Joyson Electronic Corp. (A shares)	29,500	76,084
Ningbo Orient Wires & Cables Co. Ltd. (A Shares)	15,800	90,988
Ningbo Ronbay New Energy Technology Co. Ltd. (A Shares)	9,354	56,674
Ningbo Shanshan Co. Ltd. (A Shares)	44,500	85,204
Ningbo Tuopu Group Co. Ltd. (A Shares)	24,700	218,218
Ningxia Baofeng Energy Group Co. Ltd.	159,200	313,963
NIO, Inc. sponsored ADR (a)(b)	513,690	3,749,937
Nongfu Spring Co. Ltd. (H Shares) (c)	648,200	3,691,981
North Industries Group Red Arrow Co. Ltd. (A Shares)	29,900	58,310
Offcn Education Technology Co. A Shares (a)	141,800	76,607
Offshore Oil Enginering Co. Ltd. (A Shares)	106,500	90,500
Oppein Home Group, Inc. (A Shares)	11,260	134,014
Orient Securities Co. Ltd. (A Shares)	168,708	200,125
Oriental Pearl Group Co. Ltd.	66,500	67,138
Ovctek China, Inc. (A Shares)	19,820	68,361
Pangang Group Vanadium Titanium & Resources Co. Ltd. (A Shares) (a)	191,700	91,557
PDD Holdings, Inc. ADR (a)	220,831	22,396,680
People's Insurance Co. of China Group Ltd.:
(A Shares)	140,700	102,731
(H Shares)	3,307,000	1,091,176
People.cn Co. Ltd. (A Shares)	24,000	106,424
Perfect World Co. Ltd. (A Shares)	42,950	70,510
PetroChina Co. Ltd.:
(A Shares)	525,000	511,504
(H Shares)	7,730,000	5,045,492
Pharmaron Beijing Co. Ltd. (H Shares) (c)	59,300	141,557
PICC Property & Casualty Co. Ltd. (H Shares)	2,520,933	2,878,793
Ping An Bank Co. Ltd. (A Shares)	423,600	605,998
Ping An Healthcare and Technology Co. Ltd. (a)(b)(c)	205,300	479,566
Ping An Insurance Group Co. of China Ltd.:
(A Shares)	253,892	1,577,855
(H Shares)	2,463,500	12,496,046
Piotech, Inc. (A Shares)	3,993	137,988
Poly Developments & Holdings (A Shares)	265,700	399,953
Pop Mart International Group Ltd. (c)	174,800	482,538
Postal Savings Bank of China Co. Ltd.	332,900	207,990
Postal Savings Bank of China Co. Ltd. (H Shares) (c)	3,301,000	1,506,673
Power Construction Corp. of China Ltd. (A Shares)	360,700	259,419
Prosus NV	560,311	15,669,424
Pylon Technologies Co. Ltd. (Series A)	3,990	62,137
Qi An Xin Technology Group, Inc. (A Shares) (a)	15,199	95,890
Qifu Technology, Inc. ADR	40,882	604,645
Qinghai Salt Lake Potash Co. Ltd. Class A (a)	116,300	269,311
Raytron Technology Co. Ltd. (A Shares)	9,121	58,748
Risen Energy Co. Ltd. (A Shares)	25,500	61,932
Riyue Heavy Industry Co. Ltd. (A Shares)	22,600	43,494
Rockchip Electronics Co. Ltd.	7,900	70,405
Rongsheng Petrochemical Co. Ltd. (A Shares)	226,550	352,924
SAIC Motor Corp. Ltd. (A Shares)	164,000	325,684
Sailun Group Co. Ltd. A Shares	72,900	111,960
Sanan Optoelectronics Co. Ltd. (A Shares)	110,600	225,145
Sangfor Technologies, Inc. (a)	9,300	106,708
Sany Heavy Equipment International Holdings Co. Ltd.	401,000	526,760
Sany Heavy Industry Co. Ltd. (A Shares)	185,300	366,461
Satellite Chemical Co. Ltd. (A Shares)	76,099	169,166
SDIC Capital Co. Ltd.	140,200	131,009
SDIC Power Holdings Co. Ltd. (A Shares)	167,600	279,612
Seazen Holdings Co. Ltd. (A Shares) (a)	51,700	83,971
Seres Group Co. Ltd. (A Shares) (a)	34,200	381,787
SF Holding Co. Ltd. (A Shares)	107,800	578,505
SG Micro Corp. (A Shares)	9,847	120,768
Shaanxi Coal Industry Co. Ltd. (A Shares)	216,000	532,623
Shan Xi Hua Yang Group New Energy Co. Ltd.	82,650	91,156
Shandong Buchang Pharmaceuticals Co. Ltd. (A Shares)	24,010	56,932
Shandong Gold Mining Co. Ltd.:
(A Shares)	95,832	311,219
(H Shares) (c)	229,250	429,483
Shandong Himile Mechanical Science & Technology Co. Ltd. (A Shares)	15,100	66,395
Shandong Hualu Hengsheng Chemical Co. Ltd. (A Shares)	44,320	194,963
Shandong Linglong Tyre Co. Ltd. (A Shares)	33,300	91,161
Shandong Nanshan Aluminum Co. Ltd. (A Shares)	237,000	100,455
Shandong Sun Paper Industry JSC Ltd. (A Shares)	56,000	95,203
Shandong Weigao Medical Polymer Co. Ltd. (H Shares)	899,600	835,001
Shanghai Aiko Solar Energy Co. Ltd. (A Shares)	40,880	109,562
Shanghai Bairun Investment Holding Group Co. Ltd. (A Shares)	24,180	87,052
Shanghai Baosight Software Co. Ltd.	278,576	572,929
Shanghai Baosight Software Co. Ltd. (A Shares)	20,352	118,700
Shanghai Construction Group Co. Ltd. (A Shares)	168,300	60,531
Shanghai Electric Group Co. Ltd. (A Shares) (a)	265,500	161,201
Shanghai Electric Power Co. Ltd. (A Shares)	68,200	81,481
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.:
(A Shares)	37,800	147,035
(H Shares)	199,500	460,337
Shanghai Friendess Electronic Technology Corp. Ltd. (A Shares)	3,050	100,784
Shanghai Fudan Microelectronics Group Co. Ltd. (A Shares)	12,650	83,775
Shanghai International Airport Co. Ltd. (A Shares) (a)	27,600	140,435
Shanghai International Port Group Co. Ltd. (A Shares)	205,500	140,483
Shanghai Jinjiang International Hotels Co. Ltd. (A Shares)	19,600	88,019
Shanghai Junshi Biosciences Co. Ltd. (A Shares) (a)	17,430	109,318
Shanghai Lingang Holdings Corp. Ltd. (A Shares)	56,280	82,560
Shanghai M&G Stationery, Inc. (A Shares)	20,300	107,571
Shanghai Moons' Electric Co. Ltd. (A Shares)	9,000	81,135
Shanghai Pharmaceuticals Holding Co. Ltd.:
(A Shares)	112,000	276,008
(H Shares)	193,300	281,213
Shanghai Pudong Development Bank Co. Ltd. (A Shares)	623,200	581,164
Shanghai Putailai New Energy Technology Co. Ltd.	42,380	145,001
Shanghai RAAS Blood Products Co. Ltd. (A Shares)	153,600	146,709
Shanghai Rural Commercial Bank Co. Ltd. (A Shares)	162,300	132,249
Shanghai Yuyuan Tourist Mart Group Co. Ltd.	65,400	58,109
Shanxi Coal International Energy Group Co. Ltd. (A Shares)	45,200	100,736
Shanxi Lu'an Environmental Energy Development Co. Ltd. (A Shares)	67,600	175,900
Shanxi Meijin Energy Co. Ltd. (A Shares) (a)	90,100	86,406
Shanxi Securities Co. Ltd. (A Shares)	84,350	64,801
Shanxi Taigang Stainless Steel Co. Ltd. (A Shares)	116,400	62,234
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. (A Shares)	27,120	916,194
Shanxi Xishan Coal & Electricity Power Co. Ltd. (A Shares)	126,970	150,206
Shede Spirits Co. Ltd. (A Shares)	7,600	119,685
Shenergy Co. Ltd. (A Shares)	114,200	91,970
Shenghe Resources Holding Co. Ltd. (A Shares)	36,000	52,640
Shengyi Technology Co. Ltd.	44,800	107,744
Shennan Circuits Co. Ltd. (A Shares)	10,700	101,807
Shenwan Hongyuan Group Co. Ltd. (A Shares)	549,400	329,700
Shenzhen Capchem Technology Co. Ltd. (A Shares)	15,700	94,758
Shenzhen Dynanonic Co. Ltd. (A Shares)	6,240	67,126
Shenzhen Energy Group Co. Ltd. (A Shares)	107,820	91,077
Shenzhen Inovance Technology Co. Ltd. (A Shares)	30,650	253,408
Shenzhen International Holdings Ltd.	507,097	334,240
Shenzhen Kaifa Technology Co. Ltd. (A Shares)	35,600	83,758
Shenzhen Kangtai Biological Products Co. Ltd.	24,060	99,783
Shenzhen Kedali Industry Co. Ltd.	5,400	67,084
Shenzhen Kstar Science & Technology Co. Ltd. (A Shares)	12,400	44,238
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a)	26,800	1,047,704
Shenzhen New Industries Biomedical Engineering Co. Ltd.	16,900	158,973
Shenzhen Overseas Chinese Town Co. Ltd. (A Shares) (a)	182,400	90,160
Shenzhen Salubris Pharmaceuticals Co. Ltd. (A Shares)	23,200	103,298
Shenzhen SC New Energy Technology Corp. (A Shares)	7,800	77,869
Shenzhen Sed Industry Co. Ltd. (A Shares)	24,300	63,675
Shenzhen Senior Technology Material Co. Ltd. (A Shares)	27,217	57,186
Shenzhen Sunlord Electronics Co. Ltd. (A Shares)	18,700	74,654
Shenzhen Transsion Holdings Co. Ltd. (A Shares) (a)	17,514	321,916
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares)	18,100	64,988
Shenzhou International Group Holdings Ltd.	302,500	2,971,298
Shijiazhuang Yiling Pharmaceutical Co. Ltd. (A Shares)	38,060	115,646
Shuangliang Eco-Energy Systems Ltd. (A Shares)	44,100	56,454
Sichuan Chuantou Energy Co. Ltd. (A Shares)	87,736	176,462
Sichuan Hebang Biotechnology Co. Ltd. (A Shares)	172,200	56,055
Sichuan Kelun Pharmaceutical Co. Ltd. (A Shares)	33,000	123,977
Sichuan New Energy Power Co. Ltd. (A Shares) (a)	31,500	50,474
Sichuan Road & Bridge (Group) Co. Ltd. (A Shares)	156,940	165,431
Sichuan Swellfun Co. Ltd. (A Shares)	11,000	91,946
Sichuan Yahua Industrial Group Co. Ltd. (A Shares)	25,200	48,546
Sieyuan Electric Co. Ltd. (A Shares)	16,900	113,926
Silergy Corp.	119,000	1,062,784
Sinolink Securities Co. Ltd. (A Shares)	92,300	115,366
Sinoma International Engineering Co. Ltd. (A Shares)	60,700	81,868
Sinoma Science & Technology Co. Ltd. (A Shares)	36,000	85,124
Sinomine Resource Group Co. Ltd. (A Shares)	13,916	71,158
Sinopec Shanghai Petrochemical Co. Ltd. (A Shares) (a)	133,600	54,658
Sinopharm Group Co. Ltd. (H Shares)	491,600	1,175,555
Sinotruk Hong Kong Ltd.	248,500	468,051
SITC International Holdings Co. Ltd.	492,000	757,880
SKSHU Paint Co. Ltd. (A Shares)	11,424	93,010
Smoore International Holdings Ltd. (b)(c)	668,000	514,800
Songcheng Performance Development Co. Ltd. (A Shares)	60,860	91,411
Soochow Securities Co. Ltd. (A Shares)	96,649	105,994
Southwest Securities Co. Ltd. (A Shares)	132,600	74,337
Spring Airlines Co. Ltd. (A Shares) (a)	21,600	161,720
StarPower Semiconductor Ltd. (A Shares)	3,500	82,407
Sungrow Power Supply Co. Ltd. (A Shares)	33,100	381,517
Sunny Optical Technology Group Co. Ltd.	258,800	2,168,209
Sunresin New Materials Co. Ltd. (A Shares)	11,550	85,851
Sunwoda Electronic Co. Ltd. (A Shares)	36,300	79,967
SUPCON Technology Co. Ltd. (A Shares)	14,517	86,639
Suzhou Dongshan Precision Manufacturing Co. Ltd. (A Shares)	38,200	97,849
Suzhou Maxwell Technologies Co. Ltd. (A Shares)	6,176	101,997
Suzhou TFC Optical Communication Co. Ltd. (A Shares)	8,500	83,129
TAL Education Group ADR (a)	161,370	1,415,215
Tangshan Jidong Cement Co. Ltd. A Shares	68,000	66,496
TBEA Co. Ltd. (A Shares)	102,700	196,586
TCL Technology Group Corp. (A Shares)	403,260	216,883
TCL Zhonghuan Renewable Energy Technology Co. Ltd. (A Shares)	88,500	223,479
Tencent Holdings Ltd.	2,474,500	91,578,167
Tencent Music Entertainment Group ADR (a)	272,669	1,979,577
Thunder Software Technology Co. Ltd. (A Shares)	10,300	98,988
Tianjin 712 Communication & Broadcasting Co. Ltd.	16,700	60,768
Tianma Microelectronics Co. Ltd. (A Shares) (a)	49,300	66,064
Tianqi Lithium Corp. (A Shares)	32,800	246,842
Tianshan Aluminum Group Co. Ltd.	86,000	76,186
Tianshui Huatian Technology Co. Ltd. (A Shares)	63,000	76,958
Tingyi (Cayman Islands) Holding Corp.	712,000	945,046
Titan Wind Energy Suzhou Co. Ltd. (A Shares) (a)	42,900	78,259
Tongcheng Travel Holdings Ltd. (a)	458,800	876,515
TongFu Microelectronics Co. Ltd. (A Shares)	34,800	97,726
Tongkun Group Co. Ltd. (A Shares) (a)	49,100	97,007
Tongling Nonferrous Metals Group Co. Ltd. (A Shares)	217,300	92,316
Tongwei Co. Ltd. (A Shares)	100,200	374,358
Topchoice Medical Corp. (a)	7,100	87,015
Topsports International Holdings Ltd. (c)	691,000	581,091
TravelSky Technology Ltd. (H Shares)	351,000	554,486
Trina Solar Co. Ltd. (A Shares)	48,382	197,599
Trip.com Group Ltd. (a)	204,055	6,954,526
Tsingtao Brewery Co. Ltd.:
(A Shares)	32,300	369,179
(H Shares)	202,000	1,531,873
Uni-President China Holdings Ltd.	471,000	320,558
Unigroup Guoxin Microelectronics Co. Ltd. (a)	18,479	190,558
Unisplendour Corp. Ltd. (A Shares) (a)	62,220	166,988
Universal Scientific Industrial Shanghai Co. Ltd. (A Shares)	42,000	83,437
Verisilicon Microelectronics Shanghai Co. Ltd. (A Shares) (a)	11,098	81,001
Vipshop Holdings Ltd. ADR (a)	124,073	1,769,281
Walvax Biotechnology Co. Ltd. (A Shares)	35,200	112,081
Wanda Film Holding Co. Ltd. (A Shares) (a)	49,900	85,235
Wanhua Chemical Group Co. Ltd. (A Shares)	69,200	839,584
Want Want China Holdings Ltd.	1,703,000	1,058,176
Weibo Corp. sponsored ADR	29,143	344,762
Weichai Power Co. Ltd.:
(A Shares)	150,200	285,515
(H Shares)	722,600	1,081,604
Weihai Guangwei Composites Co. Ltd. (A Shares)	17,920	62,774
Wens Foodstuffs Group Co. Ltd. (A Shares)	149,200	383,262
Western Mining Co. Ltd. (A Shares)	57,100	98,185
Western Securities Co. Ltd. (A Shares)	93,900	85,489
Western Superconducting Technologies Co. Ltd. (A Shares)	13,872	87,713
Will Semiconductor Ltd.	25,650	387,076
Wilmar International Ltd.	706,793	1,837,510
Wingtech Technology Co. Ltd. (A Shares) (a)	26,800	182,460
Wintime Energy Group Co. Ltd. (A Shares) (a)	564,400	105,743
Wuchan Zhongda Group Co. Ltd.	106,200	66,367
Wuhan Guide Infrared Co. Ltd. (A Shares)	83,044	89,978
Wuliangye Yibin Co. Ltd. (A Shares)	85,900	1,831,482
WUS Printed Circuit Kunshan Co. Ltd. (A Shares)	42,530	113,910
WuXi AppTec Co. Ltd.	46,848	554,009
WuXi AppTec Co. Ltd. (H Shares) (b)(c)	143,000	1,718,366
Wuxi Autowell Technology Co. Ltd. (A Shares)	3,291	61,494
Wuxi Biologics (Cayman), Inc. (a)(c)	1,418,500	8,819,867
XCMG Construction Machinery Co. Ltd. (A Shares)	255,400	200,068
Xiamen C&D, Inc. (A Shares)	65,100	87,007
Xiamen Faratronic Co. Ltd. (A Shares)	4,800	65,513
Xiamen Tungsten Co. Ltd. (A Shares)	32,200	74,640
Xiaomi Corp. Class B (a)(c)	5,720,200	10,256,456
Xinjiang Daqo New Energy Co. Ltd. (A Shares)	39,264	191,783
Xinyi Solar Holdings Ltd.	1,789,446	1,053,106
XPeng, Inc. Class A (a)	384,326	2,792,811
XTEP International Holdings Ltd.	519,000	471,840
Yadea Group Holdings Ltd. (c)	442,000	806,809
Yangzhou Yangjie Electronic Technology Co. Ltd. (A Shares)	11,600	60,241
Yankuang Energy Group Co. Ltd.:
(A Shares)	116,250	310,580
(H Shares)	773,000	1,342,515
Yantai Jereh Oilfield Services (A Shares)	24,000	93,861
Yealink Network Technology Corp. Ltd.	27,160	123,934
Yifeng Pharmacy Chain Co. Ltd.	21,719	97,312
Yihai International Holding Ltd.	192,000	349,421
Yihai Kerry Arawana Holdings Co. Ltd. (A Shares)	32,600	155,931
Yintai Gold Co. Ltd. (A Shares)	59,540	110,178
Yonghui Superstores Co. Ltd. (A Shares) (a)	202,500	85,265
YongXing Special Materials Technology Co. Ltd. (A Shares)	11,830	80,925
Yonyou Network Technology Co. Ltd. (A Shares)	77,030	172,567
Youngor Group Co. Ltd. (A Shares)	112,893	104,201
YTO Express Group Co. Ltd. (A Shares)	74,000	137,446
Yuan Longping High-tech Agriculture Co. Ltd. (A Shares) (a)	34,000	76,639
Yuexiu Property Co. Ltd.	593,920	617,771
Yum China Holdings, Inc.	155,798	8,188,743
Yunda Holding Co. Ltd. (A Shares)	64,620	80,559
Yunnan Aluminium Co. Ltd. (A Shares)	75,600	143,740
Yunnan Baiyao Group Co. Ltd. (A Shares)	38,080	264,645
Yunnan Botanee Bio-Technology Group Co., Ltd. (A Shares)	9,500	102,463
Yunnan Chihong Zinc & Germanium Co. Ltd. (A Shares)	102,400	72,433
Yunnan Energy New Material Co. Ltd.	21,000	192,788
Yunnan Tin Co. Ltd. (A Shares)	39,200	75,737
Yunnan Yuntianhua Co. Ltd. (Series A)	41,500	94,516
Yutong Bus Co. Ltd.	44,500	82,983
Zai Lab Ltd. (a)(b)	339,110	865,428
Zangge Mining Co. Ltd. (Series A)	30,700	93,972
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. (A Shares)	13,198	451,742
Zhaojin Mining Industry Co. Ltd. (H Shares)	477,500	591,980
Zhefu Holding Group Co. Ltd. (A Shares)	130,200	65,856
Zhejiang Century Huatong Group Co. Ltd. (A Shares) (a)	167,966	135,740
Zhejiang China Commodities City Group Co. Ltd. (A Shares)	125,300	133,342
Zhejiang Chint Electric Co. Ltd. (A Shares)	46,900	148,226
Zhejiang Dahua Technology Co. Ltd. (A Shares) (a)	74,700	208,554
Zhejiang Dingli Machinery Co. Ltd. (A Shares)	11,000	81,935
Zhejiang Expressway Co. Ltd. (H Shares)	476,000	358,302
Zhejiang Huahai Pharmaceutical Co. Ltd. (A Shares)	33,860	74,883
Zhejiang Huayou Cobalt Co. Ltd. (A Shares)	34,110	171,707
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. (A Shares)	28,400	168,922
Zhejiang Jiuzhou Pharmaceutical Co. Ltd. (A Shares)	19,700	80,074
Zhejiang Juhua Co. Ltd. (A Shares)	57,500	119,066
Zhejiang Longsheng Group Co. Ltd. (A Shares)	77,500	94,307
Zhejiang NHU Co. Ltd. (A Shares)	65,380	144,591
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares)	40,500	148,257
Zhejiang Supor Cookware Co. Ltd.	9,700	66,527
Zhejiang Weiming Enviroment Protection Co. Ltd. (A Shares)	35,600	87,338
Zhejiang Weixing New Building Materials Co. Ltd. (A Shares)	33,200	74,848
Zhejiang Zheneng Electric Power Co. Ltd. (A Shares) (a)	252,300	158,661
Zheshang Securities Co. Ltd.	76,900	105,930
ZhongAn Online P & C Insurance Co. Ltd. (H Shares) (a)(c)	262,600	719,687
Zhongji Innolight Co. Ltd. (A Shares)	17,700	213,275
Zhongjin Gold Co. Ltd. (A Shares)	107,400	159,700
Zhongsheng Group Holdings Ltd. Class H	302,000	697,407
Zhongtai Securities Co. Ltd. (A Shares)	132,800	130,016
Zhuzhou CRRC Times Electric Co. Ltd.:
(A Shares)	27,044	143,187
(H Shares)	166,900	538,648
Zhuzhou Kibing Group Co. Ltd. (A Shares)	55,400	60,447
Zibo Qixiang Tengda Chemical Co. Ltd. (A Shares)	74,700	59,763
Zijin Mining Group Co. Ltd.:
(A Shares) (a)	99,000	167,943
(H Shares)	2,464,000	3,811,591
Zoomlion Heavy Industry Science and Technology Co. Ltd. (A Shares)	197,900	173,692
ZTE Corp.:
(A Shares)	28,500	101,921
(H Shares)	372,080	826,858
ZTO Express, Inc. sponsored ADR	161,028	3,795,430
TOTAL CHINA		713,733,193
Colombia - 0.0%
Bancolombia SA	101,022	720,359
Interconexion Electrica SA ESP	163,149	574,747
TOTAL COLOMBIA		1,295,106
Czech Republic - 0.0%
CEZ A/S	59,042	2,526,357
Komercni Banka A/S	27,293	799,330
MONETA Money Bank A/S (c)	117,594	454,301
TOTAL CZECH REPUBLIC		3,779,988
Denmark - 2.2%
A.P. Moller - Maersk A/S:
Series A	1,115	1,817,827
Series B	1,811	3,017,544
Carlsberg A/S Series B	36,295	4,325,392
Chr. Hansen Holding A/S	38,371	2,613,825
Coloplast A/S Series B	50,541	5,266,367
Danske Bank A/S	254,847	5,970,366
Demant A/S (a)	36,269	1,381,603
DSV A/S	68,641	10,237,155
Genmab A/S (a)	24,487	6,922,057
Novo Nordisk A/S Series B	1,204,356	116,191,734
Novozymes A/S Series B	76,189	3,419,662
ORSTED A/S (c)	70,094	3,386,881
Pandora A/S	30,918	3,498,671
Rockwool International A/S Series B	3,360	746,905
Tryg A/S	128,142	2,500,620
Vestas Wind Systems A/S (a)	374,305	8,112,980
TOTAL DENMARK		179,409,589
Egypt - 0.0%
Commercial International Bank SAE	922,326	1,799,915
Eastern Co. SAE	374,340	318,355
EFG-Hermes Holding SAE	342,651	185,037
TOTAL EGYPT		2,303,307
Finland - 0.7%
Elisa Corp. (A Shares)	53,284	2,259,702
Fortum Corp.	164,706	1,951,885
Kesko Oyj	99,505	1,680,895
Kone OYJ (B Shares)	125,892	5,446,807
Metso Corp.	242,796	2,133,832
Neste OYJ	156,084	5,236,985
Nokia Corp.	1,986,219	6,615,465
Nordea Bank Abp	1,186,811	12,471,539
Orion Oyj (B Shares)	39,541	1,570,611
Sampo Oyj (A Shares)	169,594	6,659,293
Stora Enso Oyj (R Shares)	213,176	2,554,484
UPM-Kymmene Corp.	199,066	6,691,770
Wartsila Corp.	173,257	2,060,553
TOTAL FINLAND		57,333,821
France - 6.6%
Accor SA	67,376	2,143,707
Adevinta ASA Class B (a)	106,998	939,146
Aeroports de Paris SA	10,976	1,228,730
Air Liquide SA	184,448	31,605,580
Airbus Group NV	218,968	29,358,401
Alstom SA	105,755	1,432,183
Amundi SA (c)	21,837	1,137,264
Arkema SA	22,791	2,131,298
AXA SA	676,393	20,041,812
bioMerieux SA	15,267	1,461,938
BNP Paribas SA	387,085	22,258,946
Bollore SA	269,711	1,469,713
Bouygues SA	70,457	2,475,824
Bureau Veritas SA	110,059	2,502,584
Capgemini SA	60,988	10,778,335
Carrefour SA	223,528	3,918,773
Compagnie de St.-Gobain	170,905	9,303,068
Compagnie Generale des Etablissements Michelin SCA Series B	250,672	7,447,078
Covivio	20,042	856,740
Credit Agricole SA	446,692	5,393,757
Danone SA	237,660	14,138,501
Dassault Aviation SA	7,572	1,502,237
Dassault Systemes SA	247,321	10,187,985
Edenred SA	92,610	4,923,050
Eiffage SA	27,471	2,491,047
Engie SA	673,732	10,715,632
EssilorLuxottica SA	108,757	19,636,531
Eurazeo SA	16,095	905,151
Gecina SA	16,581	1,624,607
Getlink SE	131,530	2,120,284
Hermes International SCA	11,683	21,751,792
Ipsen SA	13,870	1,636,357
Kering SA	27,500	11,184,296
Klepierre SA	78,562	1,903,596
L'Oreal SA (a)	4,395	1,847,353
L'Oreal SA	84,537	35,533,498
La Francaise des Jeux SAEM (c)	37,981	1,222,510
Legrand SA	98,819	8,548,474
LVMH Moet Hennessy Louis Vuitton SE	101,872	72,933,279
Orange SA	688,691	8,100,417
Pernod Ricard SA	75,379	13,359,552
Publicis Groupe SA	85,003	6,450,617
Remy Cointreau SA	8,408	953,260
Renault SA	71,673	2,506,419
Safran SA	126,479	19,758,492
Sartorius Stedim Biotech	10,079	1,882,833
SEB SA	9,270	913,670
Societe Generale Series A	269,171	6,048,748
Sodexo SA (a)	2,224	235,039
Sodexo SA	30,433	3,216,252
Teleperformance	21,950	2,511,816
Thales SA	39,108	5,758,051
TotalEnergies SE	828,844	55,414,423
Unibail-Rodamco-Westfield NV (a)	44,998	2,221,594
Valeo SA	75,794	997,659
Veolia Environnement SA	251,461	6,890,132
VINCI SA	195,763	21,646,376
Vivendi SA	247,982	2,218,768
Wendel SA	9,872	737,457
Worldline SA (a)(c)	87,646	1,111,004
TOTAL FRANCE		545,623,636
Germany - 4.9%
adidas AG	59,890	10,595,399
Allianz SE	148,566	34,800,478
BASF AG	330,544	15,273,498
Bayer AG	362,837	15,677,666
Bayerische Motoren Werke AG (BMW)	111,079	10,299,390
Bechtle AG	30,014	1,336,369
Beiersdorf AG	37,271	4,892,091
Brenntag SE	54,665	4,055,813
Carl Zeiss Meditec AG	14,723	1,273,379
Commerzbank AG	395,310	4,245,517
Continental AG	40,978	2,675,412
Covestro AG (a)(c)	71,595	3,613,498
Daimler Truck Holding AG	182,685	5,725,516
Deutsche Bank AG	718,621	7,874,422
Deutsche Borse AG	70,109	11,539,693
Deutsche Lufthansa AG (a)	218,967	1,530,074
Deutsche Telekom AG	1,195,354	25,943,563
DHL Group	366,026	14,236,858
E.ON SE	828,539	9,836,317
Evonik Industries AG	78,167	1,435,820
Fresenius Medical Care AG & Co. KGaA	76,427	2,539,376
Fresenius SE & Co. KGaA	156,736	4,020,019
GEA Group AG	57,631	1,965,365
Hannover Reuck SE	22,262	4,906,594
HeidelbergCement AG	54,004	3,913,059
HelloFresh AG (a)	56,530	1,229,784
Henkel AG & Co. KGaA	37,673	2,380,948
Infineon Technologies AG	482,065	14,081,225
Knorr-Bremse AG	26,564	1,476,761
LEG Immobilien AG (a)	26,802	1,668,655
Mercedes-Benz Group AG (Germany)	296,012	17,415,650
Merck KGaA	47,777	7,196,197
MTU Aero Engines AG	19,998	3,745,299
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	50,305	20,146,692
Nemetschek SE	21,091	1,571,074
Puma AG	38,508	2,171,725
Rational AG	1,875	1,066,366
Rheinmetall AG	16,233	4,644,428
RWE AG	234,239	8,954,759
SAP SE	385,288	51,679,578
Scout24 AG (c)	27,602	1,694,513
Siemens AG	280,557	37,229,596
Siemens Energy AG (a)(b)	194,094	1,718,954
Siemens Healthineers AG (c)	104,260	5,109,907
Symrise AG	49,375	5,045,595
Talanx AG	23,657	1,488,121
Telefonica Deutschland Holding AG	325,735	552,663
Volkswagen AG	10,744	1,242,005
Vonovia SE	271,659	6,254,157
Wacker Chemie AG	6,691	817,711
Zalando SE (a)(c)	81,678	1,900,453
TOTAL GERMANY		406,688,002
Greece - 0.1%
Alpha Bank SA (a)	804,190	1,199,788
Eurobank Ergasias Services and Holdings SA (a)	939,814	1,533,391
Ff Group (a)(d)	5,453	0
Hellenic Telecommunications Organization SA	71,705	1,003,774
Jumbo SA	41,766	1,098,628
Motor Oil (HELLAS) Corinth Refineries SA	23,651	563,065
Mytilineos SA	38,566	1,427,418
National Bank of Greece SA (a)	201,856	1,153,353
OPAP SA	72,126	1,221,064
Piraeus Financial Holdings SA (a)	247,817	731,580
Public Power Corp. of Greece (a)	77,397	788,637
TOTAL GREECE		10,720,698
Hong Kong - 1.4%
AIA Group Ltd.	4,265,295	37,039,003
CK Asset Holdings Ltd.	733,971	3,668,625
CK Infrastructure Holdings Ltd.	225,636	1,045,832
CLP Holdings Ltd.	608,608	4,454,270
Futu Holdings Ltd. ADR (a)	20,212	1,120,755
Hang Lung Properties Ltd.	669,998	880,684
Hang Seng Bank Ltd.	280,850	3,210,982
Henderson Land Development Co. Ltd.	540,059	1,413,043
HKT Trust/HKT Ltd. unit	1,364,557	1,413,388
Hong Kong & China Gas Co. Ltd.	4,099,468	2,853,676
Hong Kong Exchanges and Clearing Ltd.	445,402	15,581,344
Hongkong Land Holdings Ltd.	408,667	1,296,178
Jardine Matheson Holdings Ltd.	59,519	2,411,778
Jinmao Property Services Co. Ltd.	316	86
Kingboard Laminates Holdings Ltd.	335,000	314,160
Link (REIT)	947,850	4,349,819
MTR Corp. Ltd.	584,818	2,186,158
New World Development Co. Ltd.	559,090	1,026,109
Nine Dragons Paper (Holdings) Ltd.	574,000	326,767
Orient Overseas International Ltd. (b)	48,500	611,575
Power Assets Holdings Ltd.	520,854	2,490,114
Prudential PLC	1,017,238	10,636,636
Sino Biopharmaceutical Ltd.	3,710,250	1,441,355
Sino Land Ltd.	1,344,367	1,342,120
Sun Hung Kai Properties Ltd.	537,062	5,514,931
Swire Pacific Ltd. (A Shares)	158,004	1,009,305
Swire Properties Ltd.	414,155	801,889
Techtronic Industries Co. Ltd.	509,847	4,654,661
Vinda International Holdings Ltd. (b)	129,000	318,789
WH Group Ltd. (c)	3,075,946	1,837,057
Wharf Real Estate Investment Co. Ltd.	609,654	2,132,594
Xinyi Glass Holdings Ltd.	623,568	716,492
TOTAL HONG KONG		118,100,175
Hungary - 0.1%
MOL Hungarian Oil and Gas PLC Series A (For. Reg.)	164,093	1,305,663
OTP Bank PLC	86,996	3,237,230
Richter Gedeon PLC	50,797	1,191,049
TOTAL HUNGARY		5,733,942
India - 4.4%
ABB India Ltd.	19,618	967,284
Adani Enterprises Ltd.	62,302	1,717,435
Adani Green Energy Ltd. (a)	115,601	1,276,797
Adani Ports & Special Economic Zone Ltd.	193,594	1,825,789
Adani Power Ltd. (a)	282,497	1,230,581
Ambuja Cements Ltd.	219,608	1,120,044
Apollo Hospitals Enterprise Ltd.	38,121	2,206,668
Ashok Leyland Ltd.	521,752	1,051,630
Asian Paints Ltd.	142,296	5,124,153
Astral Ltd.	43,218	960,434
AU Small Finance Bank Ltd. (c)	59,605	478,923
Aurobindo Pharma Ltd.	94,439	963,398
Avenue Supermarts Ltd. (a)(c)	59,395	2,592,473
Axis Bank Ltd.	844,647	9,963,715
Bajaj Auto Ltd.	24,867	1,585,816
Bajaj Finance Ltd.	100,930	9,082,967
Bajaj Finserv Ltd.	140,009	2,639,181
Bajaj Holdings & Investment Ltd.	9,960	828,387
Balkrishna Industries Ltd.	28,506	874,071
Bandhan Bank Ltd. (c)	266,042	684,848
Bank of Baroda	369,653	871,353
Berger Paints India Ltd.	118,243	793,139
Bharat Electronics Ltd.	1,350,273	2,162,619
Bharat Forge Ltd.	91,658	1,122,342
Bharat Petroleum Corp. Ltd.	279,211	1,170,148
Bharti Airtel Ltd.	829,942	9,112,226
Britannia Industries Ltd.	41,353	2,199,133
Cg Power & Industrial Soluti	226,053	1,058,314
Cholamandalam Investment and Finance Co. Ltd.	150,327	2,053,718
Cipla Ltd./India (a)	192,276	2,770,859
Coal India Ltd.	569,521	2,149,152
Colgate-Palmolive Ltd.	43,935	1,115,146
Container Corp. of India Ltd.	103,684	857,123
Cummins India Ltd.	49,517	997,095
Dabur India Ltd.	242,482	1,539,939
Divi's Laboratories Ltd.	43,798	1,781,897
DLF Ltd.	226,924	1,536,817
Dr. Reddy's Laboratories Ltd.	41,026	2,647,220
Eicher Motors Ltd.	50,016	1,978,946
GAIL India Ltd.	898,783	1,290,108
Godrej Consumer Products Ltd.	151,014	1,798,803
Godrej Properties Ltd. (a)	44,681	891,336
Grasim Industries Ltd.	96,208	2,179,803
Havells India Ltd.	92,674	1,387,063
HCL Technologies Ltd.	347,179	5,323,598
HDFC Asset Management Co. Ltd. (c)	30,736	1,009,292
HDFC Bank Ltd.	1,029,318	18,259,345
HDFC Standard Life Insurance Co. Ltd. (c)	361,721	2,686,308
Hero Motocorp Ltd.	39,878	1,479,409
Hindalco Industries Ltd.	455,075	2,511,155
Hindustan Aeronautics Ltd.	60,952	1,333,523
Hindustan Petroleum Corp. Ltd. (a)	210,740	626,785
Hindustan Unilever Ltd.	304,540	9,085,804
ICICI Bank Ltd.	1,910,929	21,017,416
ICICI Lombard General Insurance Co. Ltd. (c)	87,990	1,451,793
ICICI Prudential Life Insurance Co. Ltd. (c)	127,340	803,321
IDFC Bank Ltd. (a)	1,275,670	1,267,323
Indian Oil Corp. Ltd.	1,006,099	1,083,486
Indian Railway Catering & Tourism Corp. Ltd.	98,559	787,544
Indraprastha Gas Ltd.	111,425	511,686
Info Edge India Ltd.	26,180	1,284,404
Infosys Ltd.	1,226,617	20,166,663
InterGlobe Aviation Ltd. (a)(c)	49,475	1,458,906
ITC Ltd.	1,113,086	5,727,953
Jindal Steel & Power Ltd.	130,044	989,882
Jio Financial Services Ltd.	1,111,895	2,950,123
JSW Steel Ltd. (a)	223,292	1,975,118
Jubilant Foodworks Ltd.	140,460	844,910
Kotak Mahindra Bank Ltd.	404,169	8,446,573
Larsen & Toubro Ltd.	255,353	8,983,432
Ltimindtree Ltd. (c)	32,694	1,988,538
Lupin Ltd.	73,219	991,898
Mahindra & Mahindra Ltd.	346,581	6,072,125
Marico Ltd.	184,868	1,190,905
Maruti Suzuki India Ltd.	50,505	6,305,024
Max Healthcare Institute Ltd.	283,976	1,956,969
Mphasis BFL Ltd.	27,939	713,078
MRF Ltd.	679	883,190
Muthoot Finance Ltd.	42,327	660,240
Nestle India Ltd.	12,639	3,679,246
NTPC Ltd.	1,596,790	4,522,605
Oil & Natural Gas Corp. Ltd.	1,147,339	2,566,506
Page Industries Ltd.	2,248	1,021,153
Petronet LNG Ltd.	280,057	671,086
PI Industries Ltd.	29,997	1,224,763
Pidilite Industries Ltd.	55,576	1,640,394
Power Finance Corp. Ltd.	473,273	1,401,179
Power Grid Corp. of India Ltd.	1,700,588	4,129,054
REC Ltd.	428,143	1,479,439
Reliance Industries Ltd.	1,123,186	30,875,953
Samvardhana Motherson International Ltd.	866,702	956,926
SBI Cards & Payment Services Ltd.	103,966	931,399
SBI Life Insurance Co. Ltd. (c)	168,882	2,772,936
Shree Cement Ltd.	3,365	1,036,828
Shriram Transport Finance Co. Ltd.	102,875	2,320,701
Siemens Ltd.	32,802	1,312,046
Sona Blw Precision Forgings Ltd. (c)	150,727	980,635
SRF Ltd.	54,156	1,427,600
State Bank of India	663,106	4,504,522
Sun Pharmaceutical Industries Ltd.	357,912	4,678,007
Supreme Industries Ltd.	23,023	1,196,767
Tata Consultancy Services Ltd.	338,007	13,679,672
Tata Consumer Products Ltd.	205,225	2,219,902
Tata Elxsi Ltd.	12,684	1,161,534
Tata Motors Ltd.	619,934	4,680,979
Tata Power Co. Ltd./The	527,853	1,518,243
Tata Steel Ltd.	2,749,718	3,922,645
Tech Mahindra Ltd.	201,399	2,743,876
The Indian Hotels Co. Ltd.	315,462	1,452,511
Titan Co. Ltd.	132,033	5,060,082
Torrent Pharmaceuticals Ltd.	38,045	879,164
Trent Ltd.	65,705	1,700,229
Tube Investments of India Ltd.	38,431	1,453,476
Tvs Motor Co. Ltd.	87,225	1,666,320
Ultratech Cement Ltd.	42,382	4,287,955
United Spirits Ltd. (a)	113,422	1,406,156
UPL Ltd.	170,096	1,104,098
Varun Beverages Ltd.	167,160	1,823,982
Vedanta Ltd.	277,767	722,626
Wipro Ltd.	481,355	2,209,110
Yes Bank Ltd. (a)	4,755,890	911,223
Zomato Ltd. (a)	1,569,391	1,984,415
TOTAL INDIA		367,384,555
Indonesia - 0.5%
Indofood Sukses Makmur Tbk PT	1,604,700	671,814
PT Adaro Energy Indonesia Tbk	5,270,100	850,327
PT Aneka Tambang Tbk	2,924,000	313,287
PT Astra International Tbk	7,379,600	2,684,548
PT Bank Central Asia Tbk	20,523,300	11,306,710
PT Bank Mandiri (Persero) Tbk	13,946,600	4,982,453
PT Bank Negara Indonesia (Persero) Tbk	5,490,000	1,656,808
PT Bank Rakyat Indonesia (Persero) Tbk	25,311,454	7,914,484
PT Barito Pacific Tbk	10,390,157	736,285
PT Charoen Pokphand Indonesia Tbk (a)	2,649,500	976,103
PT GoTo Gojek Tokopedia Tbk (a)	301,949,712	1,142,351
PT Indah Kiat Pulp & Paper Tbk	1,000,500	604,705
PT Indofood CBP Sukses Makmur Tbk	818,400	533,411
PT Kalbe Farma Tbk	7,558,000	803,828
PT Merdeka Copper Gold Tbk (a)	4,425,195	620,659
PT Sarana Menara Nusantara Tbk	7,660,100	429,611
PT Semen Indonesia (Persero) Tbk	1,262,533	485,132
PT Sumber Alfaria Trijaya Tbk	6,115,600	1,113,019
PT Surya Citra Media Tbk	20	0
PT Telkom Indonesia Persero Tbk	18,547,300	4,065,861
PT Unilever Indonesia Tbk	2,796,100	637,535
PT United Tractors Tbk	547,700	866,740
PT Vale Indonesia Tbk	950,600	296,254
TOTAL INDONESIA		43,691,925
Ireland - 0.3%
AerCap Holdings NV (a)	64,435	4,002,702
AIB Group PLC	536,700	2,324,910
Bank of Ireland Group PLC	392,259	3,507,166
Kerry Group PLC Class A	59,178	4,563,472
Kingspan Group PLC (Ireland)	57,331	3,850,819
Smurfit Kappa Group PLC	95,205	3,096,637
TOTAL IRELAND		21,345,706
Israel - 0.4%
Azrieli Group	15,541	667,855
Bank Hapoalim BM (Reg.)	472,976	3,378,233
Bank Leumi le-Israel BM	570,226	3,666,545
Check Point Software Technologies Ltd. (a)	34,679	4,655,656
Elbit Systems Ltd. (Israel)	9,757	1,811,152
Global-e Online Ltd. (a)(b)	32,721	1,148,834
Icl Group Ltd.	279,311	1,354,403
Israel Discount Bank Ltd. (Class A)	464,376	2,039,256
Mizrahi Tefahot Bank Ltd.	55,938	1,729,899
NICE Ltd. (a)	23,116	3,572,057
NICE Ltd. sponsored ADR (a)	360	55,566
Teva Pharmaceutical Industries Ltd. sponsored ADR (a)	415,469	3,564,724
Wix.com Ltd. (a)	19,697	1,573,790
TOTAL ISRAEL		29,217,970
Italy - 1.4%
Amplifon SpA	45,559	1,284,207
Assicurazioni Generali SpA	372,290	7,384,031
Coca-Cola HBC AG	82,272	2,131,947
Davide Campari Milano NV	189,684	2,093,349
DiaSorin SpA	8,238	736,555
Enel SpA	3,000,163	19,043,774
Eni SpA	867,616	14,183,493
Ferrari NV (Italy)	46,480	14,041,029
FinecoBank SpA	222,809	2,620,408
Infrastrutture Wireless Italiane SpA (c)	122,193	1,334,298
Intesa Sanpaolo SpA	5,737,839	14,951,609
Mediobanca SpA (b)	203,059	2,421,435
Moncler SpA	76,654	3,969,406
Nexi SpA (a)(c)	215,843	1,250,628
Poste Italiane SpA (c)	191,678	1,894,287
Prysmian SpA	98,158	3,665,254
Recordati SpA	38,229	1,763,625
Snam SpA	742,090	3,402,887
Telecom Italia SpA (a)	1,940,517	501,201
Telecom Italia SpA (Risparmio Shares) (a)	1,667,908	433,791
Terna - Rete Elettrica Nazionale	522,807	3,997,294
UniCredit SpA	681,609	17,087,676
TOTAL ITALY		120,192,184
Japan - 14.5%
Advantest Corp.	283,348	7,298,658
AEON Co. Ltd.	243,342	5,119,826
AGC, Inc.	70,873	2,411,035
Aisin Seiki Co. Ltd.	53,662	1,869,309
Ajinomoto Co., Inc.	166,761	6,090,560
Ana Holdings, Inc. (a)	58,356	1,145,638
Asahi Group Holdings	177,849	6,432,872
ASAHI INTECC Co. Ltd.	78,392	1,317,192
Asahi Kasei Corp.	457,430	2,812,182
Astellas Pharma, Inc.	669,630	8,470,736
Azbil Corp.	41,422	1,223,965
Bandai Namco Holdings, Inc.	223,694	4,634,608
BayCurrent Consulting, Inc.	48,200	1,210,146
Bridgestone Corp.	210,120	7,952,035
Brother Industries Ltd.	84,821	1,323,229
Canon, Inc.	369,783	8,741,928
Capcom Co. Ltd.	63,074	2,030,310
Central Japan Railway Co.	266,210	5,991,964
Chiba Bank Ltd.	195,532	1,456,429
Chubu Electric Power Co., Inc.	236,444	2,857,226
Chugai Pharmaceutical Co. Ltd.	248,260	7,362,539
Concordia Financial Group Ltd.	389,515	1,809,842
CyberAgent, Inc.	157,400	826,264
Dai Nippon Printing Co. Ltd.	80,638	2,103,625
Dai-ichi Mutual Life Insurance Co.	347,865	7,348,659
Daifuku Co. Ltd.	110,003	1,817,568
Daiichi Sankyo Kabushiki Kaisha	683,173	17,615,065
Daikin Industries Ltd.	97,446	14,049,661
Daito Trust Construction Co. Ltd.	22,765	2,441,919
Daiwa House Industry Co. Ltd.	219,059	6,025,366
Daiwa House REIT Investment Corp.	794	1,405,180
Daiwa Securities Group, Inc.	499,444	2,880,030
DENSO Corp.	639,300	9,440,117
Dentsu Group, Inc.	74,014	2,149,810
Disco Corp.	34,087	6,019,732
East Japan Railway Co.	111,695	5,801,140
Eisai Co. Ltd.	93,348	4,945,424
ENEOS Holdings, Inc.	1,062,205	3,935,913
FANUC Corp.	351,950	8,734,138
Fast Retailing Co. Ltd.	64,674	14,318,591
Fuji Electric Co. Ltd.	46,825	1,782,845
FUJIFILM Holdings Corp.	138,253	7,562,136
Fujitsu Ltd.	64,994	8,419,813
GLP J-REIT	1,750	1,567,401
GMO Payment Gateway, Inc.	15,041	600,726
Hakuhodo DY Holdings, Inc.	78,924	640,484
Hamamatsu Photonics K.K.	51,042	1,895,854
Hankyu Hanshin Holdings, Inc.	85,821	2,700,238
Hikari Tsushin, Inc.	7,322	1,056,366
Hirose Electric Co. Ltd.	11,215	1,270,650
Hitachi Construction Machinery Co. Ltd.	38,709	1,000,076
Hitachi Ltd.	346,456	21,960,677
Honda Motor Co. Ltd.	1,704,627	17,470,335
Hoshizaki Corp.	39,100	1,262,721
Hoya Corp.	130,770	12,589,048
Hulic Co. Ltd.	139,394	1,277,983
Ibiden Co. Ltd.	42,105	1,795,208
Idemitsu Kosan Co. Ltd.	71,085	1,613,992
Iida Group Holdings Co. Ltd.	60,840	944,675
INPEX Corp.	358,706	5,205,138
Isuzu Motors Ltd.	219,645	2,449,185
Itochu Corp.	438,622	15,799,617
Japan Airlines Co. Ltd.	52,540	965,884
Japan Exchange Group, Inc.	187,108	3,700,023
Japan Post Bank Co. Ltd.	531,590	4,927,417
Japan Post Holdings Co. Ltd.	829,430	7,341,454
Japan Post Insurance Co. Ltd.	70,716	1,361,714
Japan Real Estate Investment Corp.	481	1,786,589
Japan Retail Fund Investment Corp.	2,562	1,653,379
Japan Tobacco, Inc.	441,681	10,281,836
JFE Holdings, Inc.	179,642	2,502,929
JSR Corp.	64,701	1,731,783
Kajima Corp.	157,344	2,600,487
Kansai Electric Power Co., Inc.	261,694	3,350,689
Kao Corp.	172,405	6,290,008
Kawasaki Kisen Kaisha Ltd. (b)	50,200	1,721,357
KDDI Corp.	551,987	16,512,549
KDX Realty Investment Corp.	1,526	1,591,601
Keio Corp.	37,002	1,098,015
Keisei Electric Railway Co.	47,230	1,779,137
Keyence Corp.	71,820	27,802,866
Kikkoman Corp.	50,473	2,871,650
Kintetsu Group Holdings Co. Ltd.	65,470	1,842,114
Kirin Holdings Co. Ltd.	285,708	4,015,146
Kobayashi Pharmaceutical Co. Ltd.	18,048	745,081
Kobe Bussan Co. Ltd.	54,021	1,336,915
Koei Tecmo Holdings Co. Ltd.	43,876	572,918
Koito Manufacturing Co. Ltd.	77,404	1,159,723
Komatsu Ltd.	341,863	7,854,781
Konami Group Corp.	36,792	1,905,903
Kose Corp.	12,234	810,515
Kubota Corp.	375,125	5,045,149
Kurita Water Industries Ltd.	37,998	1,154,510
Kyocera Corp.	118,717	5,851,728
Kyowa Hakko Kirin Co., Ltd.	99,163	1,555,302
Lasertec Corp.	27,974	4,620,752
LIXIL Group Corp.	105,261	1,154,194
LY Corp.	975,996	2,488,289
M3, Inc.	161,734	2,490,897
Makita Corp.	81,620	2,109,620
Marubeni Corp.	534,629	7,817,226
MatsukiyoCocokara & Co.	125,100	2,194,478
Mazda Motor Corp.	206,872	1,999,623
McDonald's Holdings Co. (Japan) Ltd. (b)	31,068	1,208,788
Meiji Holdings Co. Ltd.	87,526	2,154,367
Minebea Mitsumi, Inc.	132,360	2,075,313
Misumi Group, Inc.	103,675	1,569,501
Mitsubishi Chemical Holdings Corp.	480,462	2,718,745
Mitsubishi Corp.	424,514	19,788,958
Mitsubishi Electric Corp.	714,996	8,198,510
Mitsubishi Estate Co. Ltd.	416,667	5,333,471
Mitsubishi Heavy Industries Ltd.	118,701	6,113,657
Mitsubishi UFJ Financial Group, Inc.	4,214,457	35,355,700
Mitsubishi UFJ Lease & Finance Co. Ltd.	297,899	1,963,819
Mitsui & Co. Ltd.	484,804	17,619,802
Mitsui Chemicals, Inc.	62,843	1,583,925
Mitsui Fudosan Co. Ltd.	329,206	7,135,495
Mitsui OSK Lines Ltd.	129,100	3,333,016
Mizuho Financial Group, Inc.	890,414	15,117,795
MonotaRO Co. Ltd.	90,250	721,277
MS&AD Insurance Group Holdings, Inc.	158,637	5,812,545
Murata Manufacturing Co. Ltd.	636,798	10,907,954
NEC Corp.	91,356	4,398,849
Nexon Co. Ltd.	124,779	2,289,601
NGK Insulators Ltd.	83,360	1,018,514
Nidec Corp.	154,541	5,668,725
Nintendo Co. Ltd.	383,010	15,823,849
Nippon Building Fund, Inc.	561	2,254,061
Nippon Express Holdings, Inc.	26,573	1,365,730
Nippon Paint Holdings Co. Ltd.	346,610	2,330,298
Nippon Prologis REIT, Inc.	854	1,519,587
Nippon Sanso Holdings Corp.	62,647	1,579,864
Nippon Steel & Sumitomo Metal Corp.	316,124	6,818,435
Nippon Telegraph & Telephone Corp.	11,001,325	12,946,092
Nippon Yusen KK	180,553	4,417,636
Nissan Chemical Corp.	47,622	1,942,272
Nissan Motor Co. Ltd.	862,771	3,319,929
Nissin Food Holdings Co. Ltd.	22,663	1,971,878
Nitori Holdings Co. Ltd.	29,780	3,225,020
Nitto Denko Corp.	52,155	3,374,730
Nomura Holdings, Inc.	1,114,106	4,304,246
Nomura Real Estate Holdings, Inc.	40,814	953,255
Nomura Real Estate Master Fund, Inc.	1,566	1,728,016
Nomura Research Institute Ltd.	143,124	3,756,999
NTT Data Corp.	230,515	2,842,230
Obayashi Corp.	236,143	2,022,756
OBIC Co. Ltd.	25,769	3,809,080
Odakyu Electric Railway Co. Ltd.	117,990	1,679,745
Oji Holdings Corp.	316,056	1,351,734
Olympus Corp.	468,248	6,253,616
OMRON Corp.	65,384	2,342,528
Ono Pharmaceutical Co. Ltd.	142,265	2,456,844
Open House Group Co. Ltd.	28,300	932,778
Oracle Corp. Japan	13,738	974,570
Oriental Land Co. Ltd.	402,185	13,008,822
ORIX Corp.	434,196	7,896,441
Osaka Gas Co. Ltd.	138,975	2,620,761
Otsuka Corp.	42,104	1,688,144
Otsuka Holdings Co. Ltd.	145,185	4,884,889
Pan Pacific International Holdings Ltd.	143,108	2,771,410
Panasonic Holdings Corp.	817,080	7,168,645
Persol Holdings Co. Ltd.	664,770	996,767
Rakuten Group, Inc.	544,950	2,015,727
Recruit Holdings Co. Ltd.	532,236	15,260,647
Renesas Electronics Corp. (a)	470,267	6,177,249
Resona Holdings, Inc.	793,043	4,237,484
Ricoh Co. Ltd.	200,662	1,626,387
ROHM Co. Ltd.	129,548	2,075,614
SBI Holdings, Inc. Japan	92,564	1,991,509
SCSK Corp.	59,756	1,020,051
Secom Co. Ltd.	77,706	5,397,058
Seiko Epson Corp.	105,962	1,471,090
Sekisui Chemical Co. Ltd.	144,952	1,985,390
Sekisui House Ltd.	218,908	4,286,821
Seven & i Holdings Co. Ltd.	278,440	10,201,683
SG Holdings Co. Ltd.	116,616	1,652,986
Sharp Corp. (a)	93,013	581,537
Shimadzu Corp.	86,721	2,050,630
SHIMANO, Inc.	28,574	4,111,973
SHIMIZU Corp.	211,843	1,507,579
Shin-Etsu Chemical Co. Ltd.	672,545	20,111,368
Shionogi & Co. Ltd.	97,360	4,533,533
Shiseido Co. Ltd.	148,394	4,706,386
Shizuoka Financial Group	177,412	1,508,668
SMC Corp.	21,157	9,769,523
SoftBank Corp.	1,054,229	11,920,028
SoftBank Group Corp.	380,142	15,568,363
Sompo Holdings, Inc.	109,479	4,742,627
Sony Group Corp.	465,442	38,696,330
Square Enix Holdings Co. Ltd.	31,292	1,039,576
Subaru Corp.	225,405	3,901,828
Sumco Corp.	126,364	1,632,895
Sumitomo Chemical Co. Ltd.	519,285	1,319,899
Sumitomo Corp.	387,261	7,612,651
Sumitomo Electric Industries Ltd.	261,932	2,749,823
Sumitomo Metal Mining Co. Ltd.	90,428	2,540,300
Sumitomo Mitsui Financial Group, Inc.	468,785	22,599,178
Sumitomo Mitsui Trust Holdings, Inc.	121,527	4,556,874
Sumitomo Realty & Development Co. Ltd.	104,508	2,622,518
Suntory Beverage & Food Ltd.	51,537	1,550,906
Suzuki Motor Corp.	136,364	5,292,561
Sysmex Corp.	62,065	2,973,088
T&D Holdings, Inc.	186,027	3,318,577
Taisei Corp.	62,087	2,105,538
Takeda Pharmaceutical Co. Ltd.	583,446	15,837,495
TDK Corp.	144,584	5,409,642
Terumo Corp.	248,935	6,810,411
TIS, Inc.	80,720	1,728,607
Tobu Railway Co. Ltd.	69,486	1,672,490
Toho Co. Ltd.	41,413	1,414,796
Tokio Marine Holdings, Inc.	664,963	14,876,709
Tokyo Electric Power Co., Inc. (a)	556,466	2,354,819
Tokyo Electron Ltd.	174,044	22,997,773
Tokyo Gas Co. Ltd.	145,162	3,259,926
Tokyu Corp.	184,281	2,080,355
Toppan Holdings, Inc.	90,558	2,088,618
Toray Industries, Inc.	519,353	2,512,546
Tosoh Corp.	92,951	1,138,113
Toto Ltd.	48,839	1,177,587
Toyota Industries Corp.	54,242	4,020,131
Toyota Motor Corp.	3,912,065	68,436,685
Toyota Tsusho Corp.	78,711	4,190,282
Trend Micro, Inc.	50,130	1,889,130
Unicharm Corp.	148,897	5,059,353
USS Co. Ltd.	73,417	1,283,248
Welcia Holdings Co. Ltd.	34,892	578,363
West Japan Railway Co.	82,059	3,127,642
Yakult Honsha Co. Ltd.	93,854	2,211,664
Yamaha Corp.	50,432	1,347,035
Yamaha Motor Co. Ltd.	111,578	2,726,615
Yamato Holdings Co. Ltd.	97,702	1,627,326
Yaskawa Electric Corp.	87,635	2,868,568
Yokogawa Electric Corp.	85,423	1,550,874
Zensho Holdings Co. Ltd.	33,700	1,771,335
ZOZO, Inc.	54,807	1,042,141
TOTAL JAPAN		1,208,418,546
Jordan - 0.0%
Hikma Pharmaceuticals PLC	59,830	1,382,778
Korea (South) - 3.1%
AMOREPACIFIC Corp.	10,754	1,007,940
BGF Retail Co. Ltd.	2,978	304,084
Celltrion Healthcare Co. Ltd.	39,021	1,927,336
Celltrion Pharm, Inc.	6,425	301,833
Celltrion, Inc.	41,003	4,546,773
CJ CheilJedang Corp.	2,984	624,211
Cosmo AM&T Co. Ltd. (a)	9,055	941,342
Cosmo AM&T Co. Ltd. rights 11/7/23 (a)	439	5,388
Coway Co. Ltd.	19,776	631,910
Db Insurance Co. Ltd.	16,693	1,084,419
Delivery Hero AG (a)(c)	63,563	1,612,127
Doosan Bobcat, Inc.	19,899	570,871
Doosan Heavy Industries & Construction Co. Ltd. (a)	164,327	1,634,924
Ecopro BM Co. Ltd. (b)	18,098	2,643,764
Ecopro Co. Ltd. (b)	7,383	3,406,436
F&F Co. Ltd.	6,215	430,211
GS Holdings Corp.	15,723	458,460
Hana Financial Group, Inc.	110,474	3,207,467
Hankook Tire Co. Ltd.	26,753	757,898
Hanmi Pharm Co. Ltd.	2,484	518,601
Hanmi Semiconductor Co. Ltd.	15,901	622,116
Hanon Systems	66,957	341,157
Hanwha Aerospace Co. Ltd.	12,941	971,475
Hanwha Ocean Co. Ltd. (a)(b)	15,672	273,670
Hanwha Ocean Co. Ltd. rights 11/9/23 (a)	5,173	6,693
Hanwha Solutions Corp. (a)	37,754	802,977
HD Hyundai Co. Ltd.	16,184	688,293
HD Hyundai Heavy Industries Co. Ltd. (a)	8,119	614,678
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (a)	15,571	1,043,002
HLB, Inc. (b)	42,137	906,531
HMM Co. Ltd.	89,876	972,030
Hotel Shilla Co. (b)	11,331	523,518
HYBE Co. Ltd. (a)	6,839	1,112,174
Hyundai Engineering & Construction Co. Ltd.	28,875	715,061
Hyundai Glovis Co. Ltd.	6,930	878,189
Hyundai Mipo Dockyard Co. Ltd. (a)	8,651	445,146
Hyundai Mobis	22,759	3,519,342
Hyundai Motor Co. Ltd.	51,456	6,473,031
Hyundai Steel Co.	31,382	762,029
Industrial Bank of Korea	106,137	877,085
JYP Entertainment Corp.	10,282	781,503
Kakao Corp.	115,759	3,257,927
Kakao Games Corp. (a)	13,207	228,889
Kakao Pay Corp. (a)	9,806	249,619
KakaoBank Corp.	61,399	829,697
Kangwon Land, Inc.	33,604	365,357
KB Financial Group, Inc.	142,091	5,408,234
Kia Corp.	96,755	5,519,559
Korea Aerospace Industries Ltd.	27,010	887,439
Korea Electric Power Corp. (a)	94,271	1,178,234
Korea Investment Holdings Co. Ltd.	14,792	552,159
Korea Zinc Co. Ltd.	2,933	1,017,761
Korean Air Lines Co. Ltd.	68,768	1,044,766
KRAFTON, Inc. (a)	10,641	1,293,431
KT Corp.	23,577	569,533
KT&G Corp.	37,930	2,389,202
Kumho Petro Chemical Co. Ltd.	6,598	619,204
L&F Co. Ltd.	9,244	897,858
LG Chemical Ltd.	18,028	5,899,777
LG Corp.	35,322	2,018,799
LG Display Co. Ltd. (a)	85,208	769,881
LG Electronics, Inc.	39,626	2,935,218
LG Energy Solution (a)	17,320	4,957,743
LG H & H Co. Ltd.	3,165	740,916
LG Innotek Co. Ltd.	5,244	869,069
LG Uplus Corp.	81,066	606,666
Lotte Chemical Corp.	7,127	772,823
Lotte Energy Materials Corp.	8,384	239,826
Meritz Financial Holdings Co.	38,130	1,417,004
Mirae Asset Securities Co. Ltd.	97,474	476,788
NAVER Corp.	48,622	6,787,433
NCSOFT Corp.	5,237	903,439
Netmarble Corp. (a)(c)	7,855	225,176
NH Investment & Securities Co. Ltd.	50,861	364,358
Orion Corp./Republic of Korea	8,594	759,486
Pan Ocean Co., Ltd. (Korea)	95,406	304,142
Pearl Abyss Corp. (a)	11,592	424,051
POSCO	26,561	8,118,938
POSCO Chemtech Co. Ltd. (b)	11,474	2,018,986
Posco International Corp.	19,224	715,995
S-Oil Corp.	16,714	823,656
Samsung Biologics Co. Ltd. (a)(c)	6,628	3,479,220
Samsung C&T Corp.	31,759	2,507,326
Samsung Electro-Mechanics Co. Ltd.	21,102	1,948,223
Samsung Electronics Co. Ltd.	1,759,648	87,456,428
Samsung Engineering Co. Ltd. (a)	57,508	1,012,055
Samsung Fire & Marine Insurance Co. Ltd.	11,499	2,195,609
Samsung Heavy Industries Co. Ltd. (a)	238,547	1,207,517
Samsung Life Insurance Co. Ltd.	29,412	1,572,364
Samsung SDI Co. Ltd.	20,370	6,440,291
Samsung SDS Co. Ltd.	14,052	1,438,264
Samsung Securities Co. Ltd.	26,460	692,128
Shinhan Financial Group Co. Ltd.	163,638	4,199,952
SK Biopharmaceuticals Co. Ltd. (a)	11,308	631,886
SK Bioscience Co. Ltd. (a)(b)	9,938	446,619
SK Hynix, Inc.	201,532	17,475,523
SK IE Technology Co. Ltd. (a)(c)	9,048	398,380
SK Innovation Co., Ltd.	23,167	2,107,492
SK Square Co. Ltd. (a)	36,701	1,157,957
SK, Inc.	14,145	1,489,110
SKC Co. Ltd.	6,838	399,305
Woori Financial Group, Inc.	221,739	1,955,663
Yuhan Corp.	19,312	822,015
TOTAL KOREA (SOUTH)		260,438,061
Kuwait - 0.2%
Agility Public Warehousing Co. KSC (a)	588,826	1,000,881
Boubyan Bank KSC	505,024	956,355
Gulf Bank	650,327	498,069
Gulf Bank rights 11/12/23 (a)	50,482	1,044
Kuwait Finance House KSCP	3,015,104	6,664,505
Mabanee Co. SAKC	229,897	612,910
Mobile Telecommunication Co.	729,434	1,133,811
National Bank of Kuwait	2,798,527	7,931,195
TOTAL KUWAIT		18,798,770
Luxembourg - 0.1%
ArcelorMittal SA (Netherlands)	189,748	4,192,127
Eurofins Scientific SA	49,302	2,495,121
Reinet Investments SCA	49,125	1,020,746
TOTAL LUXEMBOURG		7,707,994
Macau - 0.1%
Galaxy Entertainment Group Ltd.	810,136	4,554,152
Sands China Ltd. (a)	902,387	2,429,271
TOTAL MACAU		6,983,423
Malaysia - 0.4%
AMMB Holdings Bhd	622,400	499,316
Axiata Group Bhd	968,034	442,915
CelcomDigi Bhd	1,285,200	1,151,290
CIMB Group Holdings Bhd	2,332,911	2,795,053
Dialog Group Bhd	1,205,222	543,785
Gamuda Bhd	682,609	670,755
Genting Bhd	750,200	634,807
Genting Malaysia Bhd	1,032,400	524,622
Hong Leong Bank Bhd	243,800	992,705
Hong Leong Credit Bhd	78,500	291,923
IHH Healthcare Bhd	796,700	1,002,881
Inari Amertron Bhd	988,700	592,783
IOI Corp. Bhd	895,800	739,116
IOI Properties Group Bhd	30	12
Kuala Lumpur Kepong Bhd	176,141	813,093
Malayan Banking Bhd	1,979,007	3,747,364
Malaysia Airports Holdings Bhd	292,016	453,065
Maxis Bhd	837,900	696,705
MISC Bhd	476,200	724,956
MR DIY Group M Sdn Bhd (c)	1,080,850	335,802
Nestle (Malaysia) Bhd	24,600	639,308
Petronas Chemicals Group Bhd	1,030,600	1,589,192
Petronas Dagangan Bhd	106,100	513,648
Petronas Gas Bhd	279,900	1,019,542
PPB Group Bhd	244,380	785,618
Press Metal Aluminium Holdings	1,388,600	1,435,363
Public Bank Bhd	5,379,500	4,698,465
QL Resources Bhd	385,450	447,354
RHB Bank Bhd	537,254	629,287
Sime Darby Bhd	952,885	457,973
Sime Darby Plantation Bhd	731,340	666,712
Sime Darby Property Bhd	10	1
SP Setia Bhd	13	2
Telekom Malaysia Bhd	395,497	421,017
Tenaga Nasional Bhd	944,400	1,962,525
TOTAL MALAYSIA		32,918,955
Mexico - 0.7%
Alfa SA de CV Series A	1,135,400	707,854
America Movil S.A.B. de CV Series L	7,018,100	5,796,190
Arca Continental S.A.B. de CV	190,000	1,703,772
Banco del Bajio SA (c)	277,000	847,793
CEMEX S.A.B. de CV unit (a)	5,646,094	3,391,602
Coca-Cola FEMSA S.A.B. de CV unit	201,075	1,525,600
Fibra Uno Administracion SA de CV	1,078,200	1,636,826
Fomento Economico Mexicano S.A.B. de CV unit	720,200	8,151,534
Gruma S.A.B. de CV Series B	68,340	1,189,212
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B	146,400	1,707,770
Grupo Aeroportuario del Sureste S.A.B. de CV Series B	73,010	1,573,467
Grupo Bimbo S.A.B. de CV Series A	486,800	1,981,329
Grupo Carso SA de CV Series A1	204,600	1,304,610
Grupo Financiero Banorte S.A.B. de CV Series O	959,300	7,785,500
Grupo Financiero Inbursa S.A.B. de CV Series O (a)	674,400	1,390,770
Grupo Mexico SA de CV Series B	1,150,424	4,691,923
Grupo Televisa SA de CV	880,900	404,074
Industrias Penoles SA de CV (a)	72,610	810,595
Kimberly-Clark de Mexico SA de CV Series A	560,000	1,026,568
Operadora de Sites Mexicanos, SA de CV	448,200	381,103
Orbia Advance Corp. S.A.B. de CV	376,937	610,701
Promotora y Operadora de Infraestructura S.A.B. de CV	70,405	576,314
Southern Copper Corp.	31,904	2,261,994
Wal-Mart de Mexico SA de CV Series V	1,935,800	6,928,680
TOTAL MEXICO		58,385,781
Netherlands - 3.7%
ABN AMRO Bank NV GDR (Bearer) (c)	148,434	1,992,281
Adyen BV (a)(c)	8,035	5,419,495
AEGON NV	631,543	3,063,192
Akzo Nobel NV	63,573	4,255,285
Argenx SE (a)	20,686	9,730,314
ASM International NV (Netherlands)	17,354	7,133,741
ASML Holding NV (Netherlands)	148,734	89,407,043
ASR Nederland NV	60,025	2,235,638
BE Semiconductor Industries NV	28,696	2,954,343
Euronext NV (c)	31,532	2,195,352
EXOR NV	39,637	3,394,616
Heineken Holding NV	47,649	3,619,970
Heineken NV (Bearer)	106,027	9,525,831
IMCD NV	20,847	2,503,607
ING Groep NV (Certificaten Van Aandelen)	1,335,991	17,128,112
JDE Peet's BV	47,301	1,313,291
Koninklijke Ahold Delhaize NV	359,416	10,648,346
Koninklijke KPN NV	1,179,152	3,963,341
Koninklijke Philips Electronics NV	343,251	6,529,484
NN Group NV	93,151	2,987,575
OCI NV	38,118	887,722
Randstad NV	40,523	2,094,132
Shell PLC (London)	2,469,564	79,586,276
Stellantis NV (Italy)	816,958	15,213,849
Universal Music Group NV	302,870	7,416,932
Wolters Kluwer NV	95,059	12,180,471
TOTAL NETHERLANDS		307,380,239
New Zealand - 0.2%
Auckland International Airport Ltd.	481,612	2,059,987
Fisher & Paykel Healthcare Corp.	218,166	2,646,270
Mercury Nz Ltd.	264,331	909,283
Meridian Energy Ltd.	471,619	1,328,250
Spark New Zealand Ltd.	681,762	1,979,238
Xero Ltd. (a)	53,416	3,651,906
TOTAL NEW ZEALAND		12,574,934
Norway - 0.4%
Aker BP ASA	118,268	3,399,519
DNB Bank ASA	343,558	6,190,899
Equinor ASA	332,690	11,152,839
Gjensidige Forsikring ASA	72,752	1,089,559
Kongsberg Gruppen ASA	31,779	1,297,224
Mowi ASA	160,543	2,605,548
Norsk Hydro ASA	484,528	2,763,121
Orkla ASA	272,704	1,878,251
Salmar ASA	26,521	1,255,426
Telenor ASA	255,106	2,606,793
TOTAL NORWAY		34,239,179
Peru - 0.0%
Compania de Minas Buenaventura SAA sponsored ADR	77,885	630,869
Credicorp Ltd. (United States)	25,342	3,166,736
TOTAL PERU		3,797,605
Philippines - 0.2%
Aboitiz Equity Ventures, Inc.	623,190	501,927
Altus Property Ventures, Inc. (a)	7	1
Ayala Corp.	91,580	976,828
Ayala Land, Inc.	2,470,300	1,212,630
Bank of the Philippine Islands (BPI)	752,597	1,331,159
BDO Unibank, Inc.	887,001	1,991,877
DMCI Holdings, Inc.	4	1
International Container Terminal Services, Inc.	372,910	1,318,094
JG Summit Holdings, Inc.	960,636	621,628
Jollibee Food Corp.	167,480	603,969
Manila Electric Co.	99,400	620,755
Metropolitan Bank & Trust Co.	640,931	589,599
PLDT, Inc.	28,020	597,312
SM Investments Corp.	89,033	1,255,343
SM Prime Holdings, Inc.	3,700,900	1,953,424
Universal Robina Corp.	323,210	621,616
TOTAL PHILIPPINES		14,196,163
Poland - 0.3%
Allegro.eu SA (a)(b)(c)	173,794	1,244,023
Bank Polska Kasa Opieki SA	66,129	2,004,884
Budimex SA (b)	4,571	510,053
CD Projekt RED SA	23,714	591,154
Cyfrowy Polsat SA	87,993	273,983
Dino Polska SA (a)(c)	17,884	1,691,997
KGHM Polska Miedz SA (Bearer)	54,577	1,454,462
LPP SA	403	1,297,392
mBank SA (a)	5,424	669,364
Orlen SA	211,698	3,342,296
PGE Polska Grupa Energetyczna SA (a)	328,516	569,203
Powszechna Kasa Oszczednosci Bank SA (a)	320,730	3,313,866
Powszechny Zaklad Ubezpieczen SA	221,357	2,502,061
Santander Bank Polska SA (a)	13,033	1,412,201
TOTAL POLAND		20,876,939
Portugal - 0.1%
Banco Espirito Santo SA (Reg.) (a)(d)	82,039	1
Energias de Portugal SA	1,158,507	4,866,491
Galp Energia SGPS SA Class B	181,786	2,733,262
Jeronimo Martins SGPS SA	105,077	2,421,543
TOTAL PORTUGAL		10,021,297
Qatar - 0.2%
Barwa Real Estate Co. (a)	792,285	550,530
Dukhan Bank	662,915	660,184
Industries Qatar QSC (a)	552,383	1,853,919
Masraf al Rayan	2,063,799	1,190,326
Mesaieed Petrochemical Holding Co. (a)	1,549,035	676,453
Ooredoo QSC	296,927	806,539
Qatar Electricity & Water Co. (a)	160,955	731,172
Qatar Fuel Co. (a)	212,096	865,044
Qatar Gas Transport Co. Ltd. (Nakilat) (a)	926,009	895,235
Qatar International Islamic Bank QSC (a)	349,251	887,276
Qatar Islamic Bank	623,276	2,978,578
Qatar National Bank SAQ	1,723,177	7,046,994
The Commercial Bank of Qatar (a)	1,190,233	1,675,675
TOTAL QATAR		20,817,925
Romania - 0.0%
NEPI Rockcastle PLC	185,708	1,002,998
Russia - 0.0%
Alrosa Co. Ltd. (d)	846,411	140,847
Gazprom OAO (d)	3,422,762	358,245
Gazprom OAO sponsored ADR (Reg. S) (a)(d)	266,976	60,988
Inter Rao Ues JSC (d)	12,405,200	68,409
LUKOIL PJSC (d)	135,807	42,045
LUKOIL PJSC sponsored ADR (a)(d)	3,670	1,038
MMC Norilsk Nickel PJSC (a)(d)	18,102	120,418
MMC Norilsk Nickel PJSC sponsored ADR (a)(d)	27,948	67,075
Mobile TeleSystems OJSC sponsored ADR (a)(d)	145,706	145,122
Moscow Exchange MICEX-RTS OAO (d)	524,685	100,884
Novatek PJSC GDR (Reg. S) (a)(d)	30,578	1,590,056
Novolipetsk Steel OJSC (a)(d)	477,930	4,589
Ozon Holdings PLC ADR (a)(d)	15,142	31,731
PhosAgro PJSC:
GDR (Reg. S) (a)(d)	46,691	958
sponsored GDR (Reg. S) (a)(d)	300	6
Polyus PJSC (a)(d)	11,075	26,050
Rosneft Oil Co. OJSC (d)	322,313	53,916
Rosneft Oil Co. OJSC GDR (Reg. S) (a)(d)	56,929	13,461
Sberbank of Russia (d)	3,621,326	22,271
Severstal PAO (a)(d)	60,348	1,348
Severstal PAO GDR (Reg. S) (a)(d)	9,813	232
Surgutneftegas OJSC (d)	1,105,600	13,532
Surgutneftegas OJSC sponsored ADR (a)(d)	71,885	13,275
Tatneft PAO (d)	446,514	55,550
Tatneft PAO sponsored ADR (a)(d)	5,142	4,748
TCS Group Holding PLC GDR (a)(d)	40,237	51,249
United Co. RUSAL International PJSC (d)	1,020,580	123,027
VK Co. Ltd. GDR (Reg. S) (a)(d)	38,348	11,395
VTB Bank OJSC (a)(d)	1,160,850,350	44,362
X5 Retail Group NV GDR (Reg. S) (a)(d)	41,220	9,727
Yandex NV Class A (a)(d)	102,848	384,079
TOTAL RUSSIA		3,560,633
Saudi Arabia - 1.2%
ACWA Power Co.	34,285	2,074,500
Advanced Petrochemicals Co.	44,679	444,218
Al Rajhi Bank	724,923	12,965,757
Alinma Bank	358,609	3,144,854
Almarai Co. Ltd.	90,017	1,341,281
Arab National Bank	249,011	1,577,061
Arabian Internet and Communications Services Co. Ltd.	8,644	720,717
Bank Al-Jazira (a)	143,415	625,405
Bank Albilad	177,123	1,756,311
Banque Saudi Fransi	224,911	2,149,232
Bupa Arabia for Cooperative Insurance Co.	27,326	1,551,455
Dallah Healthcare Co.	12,723	501,920
Dar Al Arkan Real Estate Development Co. (a)	191,613	771,233
Dr Sulaiman Al Habib Medical Services Group Co.	31,991	2,148,878
Elm Co.	8,728	1,631,324
Etihad Etisalat Co.	138,538	1,702,367
Jarir Marketing Co.	209,964	810,395
Luberef	19,014	653,803
Mobile Telecommunications Co. Saudi Arabia	158,559	583,248
Mouwasat Medical Services Co.	35,490	945,996
Nahdi Medical Co.	14,006	529,388
National Industrialization Co. (a)	115,264	357,012
Power & Water Utility Co. for Jubail & Yanbu	26,802	388,642
Rabigh Refining & Petrochemical Co. (a)	148,999	400,339
Riyad Bank	548,448	3,881,356
Sabic Agriculture-Nutrients Co.	85,577	3,052,085
Sahara International Petrochemical Co.	132,177	1,136,237
Saudi Arabian Mining Co.	482,122	4,626,397
Saudi Arabian Oil Co. (c)	975,646	8,660,042
Saudi Awwal Bank	377,155	3,362,788
Saudi Basic Industries Corp.	334,981	6,875,343
Saudi Electricity Co.	304,925	1,446,760
Saudi Industrial Investment Group	133,027	849,591
Saudi Investment Bank/The	184,876	724,405
Saudi Kayan Petrochemical Co. (a)	263,515	743,147
Saudi Research & Marketing Group (a)	12,886	484,307
Saudi Tadawul Group Holding Co.	17,422	771,814
Saudi Telecom Co.	745,170	7,627,286
The Co. for Cooperative Insurance	27,959	900,268
The Saudi National Bank	1,089,514	9,743,361
The Savola Group	95,658	928,124
Yanbu National Petrochemical Co.	102,139	1,030,483
TOTAL SAUDI ARABIA		96,619,130
Singapore - 1.0%
CapitaLand Ascendas REIT	1,417,854	2,693,986
CapitaLand Investment Ltd.	977,071	2,097,952
CapitaMall Trust	2,024,548	2,601,991
City Developments Ltd.	196,552	907,247
DBS Group Holdings Ltd.	667,700	16,040,379
Genting Singapore Ltd.	2,229,113	1,400,453
Grab Holdings Ltd. (a)	683,509	2,098,373
Jardine Cycle & Carriage Ltd.	35,300	727,172
Keppel (REIT) (e)	107,064	62,168
Keppel Corp. Ltd.	535,320	2,430,003
Mapletree Logistics Trust (REIT)	1,252,466	1,344,960
Mapletree Pan Asia Commercial Trust	839,843	816,248
Oversea-Chinese Banking Corp. Ltd.	1,248,751	11,577,315
Sea Ltd. ADR (a)	135,197	5,637,715
Seatrium Ltd. (a)	16,046,458	1,314,190
Sembcorp Industries Ltd.	322,700	1,082,629
Singapore Airlines Ltd.	562,468	2,511,566
Singapore Exchange Ltd.	311,717	2,158,224
Singapore Technologies Engineering Ltd.	562,624	1,544,548
Singapore Telecommunications Ltd.	3,073,269	5,340,340
STMicroelectronics NV (France)	252,401	9,621,553
United Overseas Bank Ltd.	467,009	9,211,613
UOL Group Ltd.	185,715	799,844
TOTAL SINGAPORE		84,020,469
South Africa - 0.9%
Absa Group Ltd.	311,306	2,838,209
African Rainbow Minerals Ltd.	41,763	344,143
Anglo American Platinum Ltd.	24,316	812,436
Anglo American PLC (United Kingdom)	469,227	11,955,721
Aspen Pharmacare Holdings Ltd.	139,215	1,264,532
Bid Corp. Ltd.	122,668	2,602,372
Bidvest Group Ltd./The	106,286	1,504,457
Capitec Bank Holdings Ltd.	31,822	2,825,589
Clicks Group Ltd.	96,053	1,415,426
Discovery Ltd.	208,748	1,440,151
Exxaro Resources Ltd.	90,083	903,658
FirstRand Ltd.	1,874,715	6,180,147
Gold Fields Ltd.	331,146	4,368,461
Growthpoint Properties Ltd.	1,207,438	627,771
Harmony Gold Mining Co. Ltd.	202,650	929,124
Impala Platinum Holdings Ltd.	314,611	1,310,541
Kumba Iron Ore Ltd.	24,061	637,521
MTN Group Ltd.	632,049	3,085,383
Naspers Ltd. Class N	71,295	11,129,212
Nedbank Group Ltd.	162,274	1,746,334
Northam Platinum Holdings Ltd.	130,360	786,811
Old Mutual Ltd.	1,749,454	1,112,329
OUTsurance Group Ltd.	298,629	646,048
Pepkor Holdings Ltd. (c)	745,795	680,269
Remgro Ltd.	195,834	1,513,924
Sanlam Ltd.	648,837	2,275,760
Sasol Ltd.	214,226	2,707,761
Shoprite Holdings Ltd.	183,525	2,351,779
Sibanye-Stillwater Ltd.	1,035,001	1,320,198
Standard Bank Group Ltd.	498,503	4,891,816
Vodacom Group Ltd.	229,847	1,251,256
Woolworths Holdings Ltd.	344,994	1,284,461
TOTAL SOUTH AFRICA		78,743,600
Spain - 1.6%
Acciona SA	8,958	1,127,937
ACS Actividades de Construccion y Servicios SA	81,700	2,953,886
Aena SME SA (c)	27,685	4,005,886
Amadeus IT Holding SA Class A	165,993	9,452,794
Banco Bilbao Vizcaya Argentaria SA	2,201,507	17,319,772
Banco Santander SA (Spain)	5,975,577	21,914,679
CaixaBank SA	1,524,743	6,198,905
Cellnex Telecom SA (c)	209,178	6,149,019
Corp. ACCIONA Energias Renovables SA	25,902	701,069
EDP Renovaveis SA	114,469	1,839,807
Enagas SA	92,092	1,539,105
Endesa SA	116,250	2,185,168
Grifols SA (a)	108,975	1,220,519
Iberdrola SA	2,245,971	24,979,729
Industria de Diseno Textil SA	402,955	13,878,236
Naturgy Energy Group SA	46,439	1,311,961
Redeia Corp. SA	150,971	2,349,012
Repsol SA	471,930	6,903,502
Telefonica SA	1,917,339	7,405,989
TOTAL SPAIN		133,436,975
Sweden - 1.8%
Alfa Laval AB	107,905	3,485,843
ASSA ABLOY AB (B Shares)	370,170	7,890,202
Atlas Copco AB:
(A Shares)	989,600	12,814,352
(B Shares)	577,579	6,470,466
Beijer Ref AB (B Shares)	140,345	1,328,962
Boliden AB	99,759	2,553,752
Epiroc AB:
(A Shares)	243,768	4,016,010
(B Shares)	145,133	2,011,393
EQT AB	129,731	2,358,122
Ericsson (B Shares)	1,087,556	4,871,957
Essity AB (B Shares)	225,420	5,135,459
Evolution AB (c)	67,741	6,019,494
Fastighets AB Balder (a)	234,258	990,341
Getinge AB (B Shares)	83,324	1,495,920
H&M Hennes & Mauritz AB (B Shares) (b)	239,575	3,204,364
Hexagon AB (B Shares)	769,057	6,267,535
Holmen AB (B Shares)	36,452	1,373,834
Husqvarna AB (B Shares)	128,410	829,420
Industrivarden AB:
(A Shares)	49,997	1,290,858
(C Shares)	54,862	1,411,551
Indutrade AB	99,849	1,763,522
Investment AB Latour (B Shares)	52,773	911,269
Investor AB:
(A Shares)	32,388	588,137
(B Shares)	605,784	11,092,748
L E Lundbergforetagen AB	30,127	1,227,217
Lifco AB	84,744	1,547,225
Nibe Industrier AB (B Shares)	563,295	3,238,740
Saab AB (B Shares)	29,327	1,502,810
Sagax AB	74,669	1,347,894
Sandvik AB	394,926	6,726,782
Securitas AB (B Shares)	180,942	1,446,894
Skandinaviska Enskilda Banken AB (A Shares)	584,740	6,511,400
Skanska AB (B Shares)	124,670	1,869,081
SKF AB (B Shares)	123,452	1,991,830
Svenska Cellulosa AB SCA (B Shares)	221,196	3,030,869
Svenska Handelsbanken AB (A Shares)	539,680	4,601,148
Swedbank AB (A Shares)	314,027	5,141,204
Swedish Orphan Biovitrum AB (a)	79,324	1,630,191
Tele2 AB (B Shares)	195,504	1,386,092
Telia Co. AB	863,494	1,830,562
Volvo AB:
(A Shares)	76,105	1,523,130
(B Shares)	554,436	10,972,046
Volvo Car AB (a)(b)	213,962	734,327
TOTAL SWEDEN		148,434,953
Switzerland - 3.9%
ABB Ltd. (Reg.)	591,058	19,858,200
Adecco SA (Reg.)	60,233	2,267,221
Alcon, Inc. (Switzerland)	184,343	13,135,946
Avolta AG (a)	35,312	1,230,961
Bachem Holding AG (B Shares)	12,198	879,667
Baloise Holdings AG	17,158	2,455,858
Banque Cantonale Vaudoise	11,162	1,258,969
Barry Callebaut AG	1,313	1,984,692
BKW AG	7,656	1,284,346
Clariant AG (Reg.)	76,983	1,089,178
Compagnie Financiere Richemont SA Series A	192,764	22,741,433
DSM-Firmenich AG	68,946	6,243,941
Ems-Chemie Holding AG	2,540	1,731,215
Geberit AG (Reg.)	12,393	5,746,570
Givaudan SA	3,417	11,344,297
Helvetia Holding AG (Reg.)	13,947	1,867,471
Julius Baer Group Ltd.	76,365	4,525,520
Kuehne & Nagel International AG	20,134	5,411,711
Lindt & Spruengli AG	39	4,244,490
Lindt & Spruengli AG (participation certificate)	364	4,021,547
Logitech International SA (Reg.)	61,076	4,777,847
Lonza Group AG	27,522	9,638,314
Novartis AG	756,285	70,803,074
Partners Group Holding AG	8,391	8,825,932
Sandoz Group AG	151,257	3,932,532
Schindler Holding AG:
(participation certificate)	14,560	2,932,328
(Reg.)	9,290	1,802,545
SGS SA (Reg.)	55,694	4,529,481
Sig Group AG	115,139	2,530,235
Sika AG	54,122	12,905,031
Sonova Holding AG	19,258	4,541,132
Straumann Holding AG	41,421	4,869,979
Swatch Group AG (Bearer)	10,855	2,770,880
Swatch Group AG (Bearer) (Reg.)	19,132	923,316
Swiss Life Holding AG	10,937	6,995,159
Swiss Prime Site AG	27,901	2,588,737
Swisscom AG	9,549	5,710,610
Temenos Group AG	23,275	1,666,722
UBS Group AG	1,213,905	28,317,555
VAT Group AG (c)	10,032	3,536,814
Zurich Insurance Group Ltd.	55,299	26,176,826
TOTAL SWITZERLAND		324,098,282
Taiwan - 4.2%
Accton Technology Corp.	184,000	2,848,750
Acer, Inc.	1,050,288	1,109,179
Advantech Co. Ltd.	170,411	1,748,729
ASE Technology Holding Co. Ltd.	1,134,840	3,969,993
Asia Cement Corp.	825,466	1,018,562
ASUSTeK Computer, Inc.	257,000	2,692,604
AUO Corp.	2,400,000	1,160,813
Catcher Technology Co. Ltd.	215,000	1,205,199
Cathay Financial Holding Co. Ltd.	3,499,869	4,745,840
Chailease Holding Co. Ltd.	560,746	3,039,452
Chang Hwa Commercial Bank	1,925,454	1,019,278
Cheng Shin Rubber Industry Co. Ltd.	694,899	948,878
China Airlines Ltd.	1,067,490	639,421
China Development Financial Ho (a)	5,843,405	2,041,040
China Steel Corp.	4,376,426	3,262,535
Chunghwa Telecom Co. Ltd.	1,408,000	5,031,894
Compal Electronics, Inc.	1,519,000	1,320,262
CTBC Financial Holding Co. Ltd.	6,571,579	4,945,266
Delta Electronics, Inc.	723,621	6,516,171
E Ink Holdings, Inc.	311,000	1,616,926
E.SUN Financial Holdings Co. Ltd.	5,245,130	3,861,842
ECLAT Textile Co. Ltd.	65,941	1,048,725
eMemory Technology, Inc.	24,000	1,502,477
EVA Airways Corp.	949,000	804,146
Evergreen Marine Corp. (Taiwan)	372,248	1,237,805
Far Eastern New Century Corp.	1,109,664	1,010,250
Far EasTone Telecommunications Co. Ltd.	590,000	1,380,967
Feng Tay Enterprise Co. Ltd.	177,244	977,956
First Financial Holding Co. Ltd.	4,059,596	3,245,770
Formosa Chemicals & Fibre Corp.	1,328,590	2,497,784
Formosa Petrochemical Corp.	427,000	1,042,373
Formosa Plastics Corp.	1,428,480	3,394,556
Fubon Financial Holding Co. Ltd.	2,894,900	5,379,195
Giant Manufacturing Co. Ltd.	117,698	594,690
Gigabyte Technology Co. Ltd.	185,000	1,255,911
Global Unichip Corp.	32,000	1,429,076
GlobalWafers Co. Ltd.	81,000	1,189,776
Hon Hai Precision Industry Co. Ltd. (Foxconn)	4,615,990	13,766,800
Hotai Motor Co. Ltd.	112,220	2,092,316
Hua Nan Financial Holdings Co. Ltd.	3,217,423	2,016,169
Innolux Corp.	3,168,636	1,193,552
Inventec Corp.	981,280	1,228,366
Largan Precision Co. Ltd.	37,000	2,367,908
Lite-On Technology Corp.	734,910	2,286,389
MediaTek, Inc.	560,970	14,629,683
Mega Financial Holding Co. Ltd.	4,192,112	4,753,270
Micro-Star International Co. Ltd.	259,000	1,324,886
momo.com, Inc.	30,580	503,767
Nan Ya Plastics Corp.	1,782,780	3,408,406
Nan Ya Printed Circuit Board Corp.	85,000	623,428
Nanya Technology Corp.	447,000	895,446
Nien Made Enterprise Co. Ltd.	63,000	556,953
Novatek Microelectronics Corp.	215,000	3,025,529
Pegatron Corp.	723,000	1,685,910
PharmaEssentia Corp. (a)	87,000	865,116
Pou Chen Corp.	780,000	694,728
Powerchip Semiconductor Manufacturing Corp.	1,144,044	940,389
President Chain Store Corp.	209,000	1,661,179
Quanta Computer, Inc.	1,001,000	5,905,659
Realtek Semiconductor Corp.	182,090	2,267,617
Ruentex Development Co. Ltd.	566,851	568,044
Shin Kong Financial Holding Co. Ltd. (a)	4,876,475	1,309,047
Sinopac Financial Holdings Co.	3,859,390	2,126,876
Synnex Technology International Corp.	473,500	1,004,138
Taishin Financial Holdings Co. Ltd.	4,147,688	2,210,535
Taiwan Business Bank	2,211,840	871,379
Taiwan Cement Corp.	2,417,612	2,407,094
Taiwan Cooperative Financial Holding Co. Ltd.	3,841,229	2,980,674
Taiwan High Speed Rail Corp.	686,000	622,368
Taiwan Mobile Co. Ltd.	625,600	1,847,392
Taiwan Semiconductor Manufacturing Co. Ltd.	9,091,000	148,364,524
The Shanghai Commercial & Savings Bank Ltd.	1,455,059	1,926,456
Uni-President Enterprises Corp.	1,806,080	3,786,144
Unimicron Technology Corp.	512,000	2,281,718
United Microelectronics Corp.	4,165,000	5,985,132
Vanguard International Semiconductor Corp.	341,000	739,987
Voltronic Power Technology Corp.	24,000	961,753
Walsin Lihwa Corp.	1,028,312	1,093,572
Wan Hai Lines Ltd.	263,360	376,121
Winbond Electronics Corp.	1,109,000	858,727
Winbond Electronics Corp. rights 11/3/23 (a)	44,582	4,052
Wistron Corp.	970,000	2,702,763
Wiwynn Corp.	32,000	1,515,093
WPG Holding Co. Ltd.	572,320	1,265,470
Yageo Corp.	122,352	1,993,235
Yang Ming Marine Transport Corp.	643,000	837,427
Yuanta Financial Holding Co. Ltd.	3,837,075	2,880,640
Zhen Ding Technology Holding Ltd.	236,302	713,894
TOTAL TAIWAN		345,661,812
Thailand - 0.5%
Advanced Info Service PCL (For. Reg.)	228,500	1,391,798
Advanced Information Service PCL NVDR	206,500	1,257,795
Airports of Thailand PCL:
(For. Reg.) (a)	907,200	1,675,002
NVDR (a)	747,300	1,379,772
Asset World Corp. PCL:
(For. Reg.)	2,164,600	207,134
NVDR	267,100	25,559
B. Grimm Power PCL:
(For. Reg.)	222,000	135,808
NVDR	18,400	11,256
Bangkok Dusit Medical Services PCL:
(For. Reg.)	2,030,000	1,488,163
NVDR	2,039,800	1,495,347
Bangkok Expressway and Metro PCL:
(For. Reg.)	1,674,400	365,795
NVDR	1,011,600	220,998
Banpu PCL NVDR	2,796,400	587,840
Berli Jucker PCL:
(For. Reg.)	279,800	218,903
NVDR	94,500	73,933
BTS Group Holdings PCL:
(For. Reg.)	1,613,500	335,582
NVDR	1,314,100	270,964
Bumrungrad Hospital PCL:
(For. Reg.)	104,400	750,376
NVDR	114,900	825,845
Central Pattana PCL:
(For. Reg.)	540,000	934,209
NVDR	282,600	488,903
Central Retail Corp. PCL:
(For. Reg.)	262,466	266,946
NVDR	414,100	421,169
Charoen Pokphand Foods PCL:
(For. Reg.)	706,700	365,581
NVDR	648,200	335,319
CP ALL PCL:
(For. Reg.)	1,177,300	1,799,345
NVDR	957,900	1,464,022
CP Axtra PCL NVDR	767,900	600,416
Delta Electronics PCL NVDR	1,157,500	2,530,391
Electricity Generating PCL:
(For. Reg.)	38,400	129,630
NVDR	55,800	188,368
Energy Absolute PCL:
(For. Reg.)	273,800	318,264
NVDR	344,500	400,446
Global Power Synergy Public Co. Ltd.:
(For. Reg.)	139,900	151,032
NVDR	113,100	122,100
Gulf Energy Development PCL:
(For. Reg.)	350,400	419,386
NVDR	722,600	864,864
Home Product Center PCL:
(For. Reg.)	1,156,167	380,669
NVDR	1,042,400	343,211
Indorama Ventures PCL NVDR	597,000	391,176
Intouch Holdings PCL:
(For. Reg.)	169,100	332,170
NVDR	196,000	385,010
Kasikornbank PCL NVDR	217,200	789,959
Krung Thai Bank PCL:
(For. Reg.)	788,655	410,078
NVDR	429,500	223,328
Krungthai Card PCL:
(For. Reg.)	150,000	181,590
NVDR	224,400	271,659
Land & House PCL:
(For. Reg.)	2,087,000	435,981
NVDR	1,095,500	228,853
Minor International PCL:
(For. Reg.)	1,019,598	790,157
NVDR	184,200	142,749
Muangthai Leasing PCL:
(For. Reg.)	145,909	147,361
NVDR	118,600	119,780
Osotspa PCL:
(For. Reg.)	123,400	80,248
NVDR	368,200	239,444
PTT Exploration and Production PCL:
(For. Reg.)	372,744	1,692,839
NVDR	136,000	617,652
PTT Global Chemical PCL:
(For. Reg.)	534,039	510,066
NVDR	296,600	283,286
PTT Oil & Retail Business PCL NVDR	1,048,200	530,822
PTT PCL:
(For. Reg.)	2,596,900	2,390,375
NVDR	1,056,300	972,295
Ratch Group PCL:
(For. Reg.)	98,200	87,616
NVDR unit	281,700	251,339
SCB X PCL:
(For. Reg.)	94,050	256,435
NVDR	222,500	606,663
SCG Packaging PCL NVDR	456,000	454,377
Siam Cement PCL:
(For. Reg.)	166,100	1,323,197
NVDR	117,800	938,426
Thai Oil PCL:
(For. Reg.)	321,912	419,148
NVDR	127,810	166,416
TMBThanachart Bank PCL NVDR	8,385,400	387,380
True Corp. PCL	2,632,130	441,445
True Corp. PCL NVDR	257,971	43,265
TOTAL THAILAND		42,784,726
Turkey - 0.2%
Akbank TAS	1,136,991	1,182,791
Aselsan A/S	491,264	717,140
Bim Birlesik Magazalar A/S JSC	165,029	1,585,066
Eregli Demir ve Celik Fabrikalari T.A.S. (a)	516,164	690,060
Ford Otomotiv Sanayi A/S	25,189	699,387
Haci Omer Sabanci Holding A/S	373,148	704,942
Hektas Ticaret A/S (a)	413,442	320,017
Koc Holding A/S	277,334	1,339,700
Koza Altin Isletmeleri A/S	351,308	272,420
Pegasus Hava Tasimaciligi A/S (a)	16,395	408,149
Sasa Polyester Sanayi A/S	383,918	579,688
Tofas Turk Otomobil Fabrikasi A/S	45,418	386,031
Turk Hava Yollari AO (a)	201,452	1,545,787
Turkcell Iletisim Hizmet A/S	437,573	741,669
Turkiye Is Bankasi A/S Series C	1,283,143	950,602
Turkiye Petrol Rafinerileri A/S	351,469	1,761,115
Turkiye Sise ve Cam Fabrikalari A/S	504,329	843,064
Yapi ve Kredi Bankasi A/S	1,222,059	743,957
TOTAL TURKEY		15,471,585
United Arab Emirates - 0.4%
Abu Dhabi Commercial Bank PJSC	1,073,414	2,346,723
Abu Dhabi Islamic Bank (a)	532,055	1,492,014
Abu Dhabi National Oil Co. for Distribution PJSC	1,161,689	1,062,694
Aldar Properties PJSC	1,412,581	1,999,842
Americana Restaurants International PLC	927,903	934,724
Dubai Islamic Bank Pakistan Ltd.	1,065,413	1,566,357
Emaar Properties PJSC	2,473,536	4,505,297
Emirates NBD Bank PJSC	716,042	3,304,359
Emirates Telecommunications Corp.	1,294,625	6,506,610
First Abu Dhabi Bank PJSC	1,646,385	5,683,681
Multiply Group (a)	1,431,968	1,325,535
NMC Health PLC (a)(d)	30,958	6
TOTAL UNITED ARAB EMIRATES		30,727,842
United Kingdom - 7.2%
3i Group PLC	359,706	8,481,001
Abrdn PLC	710,577	1,352,940
Admiral Group PLC	77,432	2,299,223
AngloGold Ashanti PLC	153,056	2,829,124
Ashtead Group PLC	161,915	9,257,453
Associated British Foods PLC	127,090	3,129,593
AstraZeneca PLC (United Kingdom)	572,002	71,616,797
Auto Trader Group PLC (c)	342,828	2,593,238
Aviva PLC	1,014,567	4,914,127
BAE Systems PLC	1,126,738	15,150,550
Barclays PLC	5,753,533	9,234,695
Barratt Developments PLC	355,742	1,789,648
Berkeley Group Holdings PLC	38,866	1,906,593
BP PLC	6,394,299	39,043,715
British American Tobacco PLC (United Kingdom)	783,870	23,416,115
BT Group PLC	2,410,692	3,303,660
Bunzl PLC	125,377	4,468,059
Burberry Group PLC	140,598	2,891,456
Centrica PLC	2,060,990	3,940,413
CK Hutchison Holdings Ltd.	999,893	5,061,745
CNH Industrial NV	379,415	4,201,269
Coca-Cola European Partners PLC	76,271	4,462,616
Compass Group PLC	638,826	16,105,689
Croda International PLC	50,926	2,709,895
DCC PLC (United Kingdom)	36,101	2,003,075
Diageo PLC	827,456	31,291,097
Entain PLC	237,333	2,683,891
Halma PLC	141,738	3,178,482
Hargreaves Lansdown PLC	127,764	1,097,284
HSBC Holdings PLC (United Kingdom)	7,287,364	52,617,869
Imperial Brands PLC	320,047	6,818,342
Informa PLC	521,330	4,509,057
InterContinental Hotel Group PLC	61,570	4,363,008
Intertek Group PLC	59,005	2,741,765
J Sainsbury PLC	604,942	1,891,867
JD Sports Fashion PLC	980,670	1,519,743
Johnson Matthey PLC	70,020	1,271,481
Kingfisher PLC	696,801	1,779,294
Land Securities Group PLC	255,519	1,767,147
Legal & General Group PLC	2,218,949	5,701,504
Lloyds Banking Group PLC	23,771,232	11,569,458
London Stock Exchange Group PLC	156,409	15,780,901
M&G PLC	854,177	2,057,731
Melrose Industries PLC	503,977	2,860,650
National Grid PLC	1,357,147	16,181,233
NatWest Group PLC	2,154,016	4,686,745
Next PLC	45,039	3,768,484
Ocado Group PLC (a)	209,891	1,187,036
Pearson PLC	235,350	2,724,350
Pepco Group NV (a)	63,590	257,407
Persimmon PLC	115,527	1,426,640
Phoenix Group Holdings PLC	269,566	1,486,848
Reckitt Benckiser Group PLC	263,986	17,662,501
RELX PLC (London Stock Exchange)	698,535	24,398,232
Rentokil Initial PLC	934,157	4,757,186
Rolls-Royce Holdings PLC (a)	3,112,632	8,193,153
Sage Group PLC	379,665	4,478,968
Schroders PLC	299,338	1,343,626
Segro PLC	426,314	3,693,468
Severn Trent PLC	92,170	2,975,464
Smith & Nephew PLC	323,737	3,622,984
Smiths Group PLC	128,329	2,516,697
Spirax-Sarco Engineering PLC	27,487	2,736,871
SSE PLC	403,787	8,014,485
St. James's Place PLC	204,211	1,587,540
Standard Chartered PLC (United Kingdom)	876,697	6,713,163
Taylor Wimpey PLC	1,276,835	1,719,537
Tesco PLC	2,662,256	8,736,359
Unilever PLC	926,350	43,872,570
United Utilities Group PLC	248,776	3,217,561
Vodafone Group PLC	8,329,012	7,667,185
Vodafone Group PLC sponsored ADR	20,171	186,380
Whitbread PLC	72,586	2,936,116
Wise PLC (a)	224,009	1,812,241
WPP PLC	401,340	3,456,031
TOTAL UNITED KINGDOM		599,680,321
United States of America - 4.6%
Brookfield Renewable Corp.	48,537	1,104,267
BRP, Inc.	13,044	881,640
CRH PLC	268,075	14,405,022
CSL Ltd.	178,108	26,322,960
CyberArk Software Ltd. (a)	15,634	2,558,348
Experian PLC	339,990	10,293,829
Ferrovial SE	187,066	5,629,258
Ferrovial SE rights (a)(b)(e)	187,066	84,637
GSK PLC	1,511,749	26,949,608
Haleon PLC	2,046,947	8,204,349
Holcim AG	192,399	11,861,415
James Hardie Industries PLC CDI (a)	162,933	4,065,085
JBS SA	282,700	1,123,118
Legend Biotech Corp. ADR (a)	21,620	1,428,433
Monday.com Ltd. (a)	7,875	1,023,671
Nestle SA (Reg. S)	984,386	106,154,986
Parade Technologies Ltd.	28,000	917,326
QIAGEN NV (Germany) (a)	83,318	3,096,136
Roche Holding AG:
(Bearer)	11,357	3,086,297
(participation certificate)	259,648	66,913,793
Sanofi SA	419,348	38,079,407
Schneider Electric SA	200,933	30,915,003
Swiss Re Ltd.	111,271	12,124,643
Tenaris SA	172,674	2,711,362
TOTAL UNITED STATES OF AMERICA		379,934,593
Zambia - 0.0%
First Quantum Minerals Ltd.	217,930	2,525,426
TOTAL COMMON STOCKS (Cost $8,246,444,329)		8,096,164,335

Nonconvertible Preferred Stocks - 0.9%
	Shares	Value ($)
Brazil - 0.4%
Banco Bradesco SA (PN)	1,992,644	5,529,249
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B)	91,407	697,099
Companhia Energetica de Minas Gerais (CEMIG) (PN)	503,805	1,173,138
Gerdau SA	424,240	1,831,845
Itau Unibanco Holding SA	1,795,421	9,550,888
Itausa-Investimentos Itau SA (PN)	1,944,040	3,331,483
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.)	1,756,300	12,101,723
TOTAL BRAZIL		34,215,425
Chile - 0.0%
Sociedad Quimica y Minera de Chile SA (PN-B)	52,077	2,519,479
Colombia - 0.0%
Bancolombia SA (PN)	155,262	995,850
France - 0.0%
Air Liquide SA (a)	8,637	1,479,969
Germany - 0.3%
Bayerische Motoren Werke AG (BMW) (non-vtg.)	21,404	1,815,203
Dr. Ing. h.c. F. Porsche AG Series F (c)	42,117	3,678,312
Henkel AG & Co. KGaA	63,009	4,538,882
Porsche Automobil Holding SE (Germany)	56,007	2,506,767
Sartorius AG (non-vtg.)	9,756	2,438,251
Volkswagen AG	76,237	8,084,989
TOTAL GERMANY		23,062,404
Korea (South) - 0.2%
Hyundai Motor Co. Ltd.	8,203	604,868
Hyundai Motor Co. Ltd. Series 2	12,390	919,115
LG Chemical Ltd.	3,195	666,306
LG H & H Co. Ltd.	694	72,824
Samsung Electronics Co. Ltd.	307,552	12,260,728
TOTAL KOREA (SOUTH)		14,523,841
Russia - 0.0%
Surgutneftegas OJSC (d)	2,913,333	50,699
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $86,723,155)		76,847,667

Nonconvertible Bonds - 0.0%
		Principal Amount (f)	Value ($)
India - 0.0%
NTPC Ltd. 8.49% 3/25/25 (Cost $13,959)	INR	69,696	8,828

Government Obligations - 0.1%
	Principal Amount (f)	Value ($)
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (g) (Cost $9,833,749)	10,000,000	9,833,168

Money Market Funds - 1.5%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (h)	93,287,764	93,306,422
Fidelity Securities Lending Cash Central Fund 5.40% (h)(i)	30,945,994	30,949,089
TOTAL MONEY MARKET FUNDS (Cost $124,255,511)		124,255,511

TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $8,467,270,703)	8,307,109,509
NET OTHER ASSETS (LIABILITIES) - 0.3%	21,584,749
NET ASSETS - 100.0%	8,328,694,258

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)	987	Dec 2023	97,421,835	(874,455)	(874,455)
ICE MSCI Emerging Markets Index Contracts (United States)	944	Dec 2023	43,386,240	(639,628)	(639,628)
TME S&P/TSX 60 Index Contracts (Canada)	68	Dec 2023	11,131,062	(204,192)	(204,192)

TOTAL FUTURES CONTRACTS					(1,718,275)
The notional amount of futures purchased as a percentage of Net Assets is 1.8%

Currency Abbreviations

INR

Indian rupee

Legend

(a)	Non-income producing

(b)	Security or a portion of the security is on loan at period end.

(c)

(d)	Level 3 security

(e)	Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(f)	Amount is stated in United States dollars unless otherwise noted.

(g)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $5,044,415.

(h)

(i)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	122,732,231	1,623,463,746	1,652,889,554	5,242,639	634	(635)	93,306,422	0.2%
Fidelity Securities Lending Cash Central Fund 5.40%	17,459,839	268,749,217	255,259,967	620,220	-	-	30,949,089	0.1%
Total	140,192,070	1,892,212,963	1,908,149,521	5,862,859	634	(635)	124,255,511

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	446,589,178	90,930,527	355,118,055	540,596
Consumer Discretionary	962,927,020	279,680,985	683,214,304	31,731
Consumer Staples	695,635,338	163,487,296	532,138,314	9,728
Energy	500,510,524	190,881,054	307,371,917	2,257,553
Financials	1,730,445,211	708,417,426	1,021,809,018	218,767
Health Care	780,964,655	116,050,852	664,913,797	6
Industrials	1,048,912,692	350,435,965	698,476,727	-
Information Technology	941,539,254	93,414,144	848,125,109	1
Materials	636,992,976	255,592,675	380,915,751	484,550
Real Estate	165,424,874	40,118,718	125,306,156	-
Utilities	263,070,280	102,016,033	160,985,837	68,410

Corporate Bonds	8,828	-	8,828	-

Government Obligations	9,833,168	-	9,833,168	-

Money Market Funds	124,255,511	124,255,511	-	-
Total Investments in Securities:	8,307,109,509	2,515,281,186	5,788,216,981	3,611,342
Derivative Instruments: Liabilities
Futures Contracts	(1,718,275)	(1,718,275)	-	-
Total Liabilities	(1,718,275)	(1,718,275)	-	-
Total Derivative Instruments:	(1,718,275)	(1,718,275)	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	0	(1,718,275)
Total Equity Risk	0	(1,718,275)
Total Value of Derivatives	0	(1,718,275)

Fidelity® Global ex U.S. Index Fund

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $29,386,738) - See accompanying schedule:
Unaffiliated issuers (cost $8,343,015,192)	$	8,182,853,998
Fidelity Central Funds (cost $124,255,511)		124,255,511


Total Investment in Securities (cost $8,467,270,703)			$	8,307,109,509
Segregated cash with brokers for derivative instruments				90
Cash				590,849
Foreign currency held at value (cost $16,357,104)				16,200,501
Receivable for investments sold				24,087
Receivable for fund shares sold				17,759,047
Dividends receivable				17,079,106
Reclaims receivable				20,698,954
Interest receivable				33
Distributions receivable from Fidelity Central Funds				277,780
Receivable for daily variation margin on futures contracts				21,037
Other receivables				28,399
Total assets				8,379,789,392
Liabilities
Payable for investments purchased
Regular delivery	$	4,432
Delayed delivery		147,195
Payable for fund shares redeemed		8,223,792
Accrued management fee		385,934
Deferred taxes		11,379,761
Other payables and accrued expenses		6,334
Collateral on securities loaned		30,947,686
Total Liabilities				51,095,134
Net Assets			$	8,328,694,258
Net Assets consist of:
Paid in capital			$	9,002,990,874
Total accumulated earnings (loss)				(674,296,616)
Net Assets			$	8,328,694,258
Net Asset Value, offering price and redemption price per share ($8,328,694,258 ÷ 653,679,282 shares)			$	12.74

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	293,521,900
Foreign Tax Reclaims				15,616,960
Interest				423,707
Income from Fidelity Central Funds (including $620,220 from security lending)				5,862,859
Income before foreign taxes withheld			$	315,425,426
Less foreign taxes withheld				(35,454,453)
Total Income				279,970,973
Expenses
Management fee	$	4,809,860
Independent trustees' fees and expenses		30,129
Total expenses before reductions		4,839,989
Expense reductions		(127,082)
Total expenses after reductions				4,712,907
Net Investment income (loss)				275,258,066
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $502,625)		(239,053,469)
Fidelity Central Funds		634
Foreign currency transactions		1,230,768
Futures contracts		15,823,798
Total net realized gain (loss)				(221,998,269)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $995,068)		914,482,101
Fidelity Central Funds		(635)
Assets and liabilities in foreign currencies		1,371,043
Futures contracts		(590,675)
Total change in net unrealized appreciation (depreciation)				915,261,834
Net gain (loss)				693,263,565
Net increase (decrease) in net assets resulting from operations			$	968,521,631

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	275,258,066	$	261,202,687
Net realized gain (loss)		(221,998,269)		(42,009,740)
Change in net unrealized appreciation (depreciation)		915,261,834		(2,580,454,832)
Net increase (decrease) in net assets resulting from operations		968,521,631		(2,361,261,885)
Distributions to shareholders		(208,386,222)		(232,318,373)

Share transactions
Proceeds from sales of shares		3,103,954,657		3,351,217,856
Reinvestment of distributions		198,751,243		222,581,907
Cost of shares redeemed		(3,207,929,609)		(2,638,924,650)

Net increase (decrease) in net assets resulting from share transactions		94,776,291		934,875,113
Total increase (decrease) in net assets		854,911,700		(1,658,705,145)

Net Assets
Beginning of period		7,473,782,558		9,132,487,703
End of period	$	8,328,694,258	$	7,473,782,558

Other Information
Shares
Sold		233,829,985		247,319,236
Issued in reinvestment of distributions		15,938,351		15,064,264
Redeemed		(240,542,102)		(196,149,020)
Net increase (decrease)		9,226,234		66,234,480

Financial Highlights

Fidelity® Global ex U.S. Index Fund

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	11.60	$	15.79	$	12.43	$	13.09	$	12.07
Income from Investment Operations
Net investment income (loss) A,B		.42		.42		.38		.29		.41
Net realized and unrealized gain (loss)		1.05		(4.21)		3.23		(.57)		.91
Total from investment operations		1.47		(3.79)		3.61		(.28)		1.32
Distributions from net investment income		(.33)		(.40)		(.25)		(.38)		(.30)
Total distributions		(.33)		(.40)		(.25)		(.38)		(.30)
Net asset value, end of period	$	12.74	$	11.60	$	15.79	$	12.43	$	13.09
Total Return C		12.74%		(24.56)%		29.25%		(2.25)%		11.28%
Ratios to Average Net Assets B,D,E
Expenses before reductions		.06%		.06%		.05% F		.06%		.06%
Expenses net of fee waivers, if any		.06%		.06%		.05% F		.06%		.06%
Expenses net of all reductions		.05%		.06%		.05% F		.06%		.06%
Net investment income (loss)		3.13%		3.06%		2.46%		2.37%		3.32%
Supplemental Data
Net assets, end of period (000 omitted)	$	8,328,694	$	7,473,783	$	9,132,488	$	5,621,566	$	5,343,395
Portfolio turnover rate G		8%		5% H		5% H		5%		5% H

ACalculated based on average shares outstanding during the period.

CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

FThe size and fluctuation of net assets and expense amounts may cause ratios to differ from contractual rates.

GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

HPortfolio turnover rate excludes securities received or delivered in-kind.

Report of Independent Registered Public Accounting Firm

For the period ended October 31, 2023

1. Organization.

Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund (the Funds) are funds of Fidelity Salem Street Trust (the Trust). Each Fund is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Investments in emerging markets, if applicable, can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Corporate bonds and U.S. government and government agency obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and for certain Funds include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld or foreign tax reclaims, as applicable. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable or reclaims receivable, as applicable. Fidelity Global ex U.S. Index Fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union (EU) countries. These additional filings are subject to various administrative proceedings by the local jurisdictions' tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized for EU reclaims is included with other reclaims in the Statement of Operations in foreign tax reclaims. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2023, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Deferred taxes on each applicable Fund's Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), partnerships, capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation)
Fidelity Emerging Markets Index Fund	$7,208,929,692	$908,090,393	$(1,720,649,135)	$(812,558,742)
Fidelity Global ex U.S. Index Fund	8,549,062,434	1,236,059,034	(1,478,216,151)	(242,157,117)

The tax-based components of distributable earnings as of period end were as follows for each Fund:

	Undistributed ordinary income	Capital loss carryforward	Net unrealized appreciation (depreciation) on securities and other investments
Fidelity Emerging Markets Index Fund	$159,169,902	$(663,401,306)	$(813,134,928)
Fidelity Global ex U.S. Index Fund	239,709,683	(659,386,659)	(243,239,882)

	Short-term	Long-term	Total capital loss carryforward

Fidelity Emerging Markets Index Fund	$(155,918,326)	$(507,482,980)	$(663,401,306)
Fidelity Global ex U.S. Index Fund	(93,999,433)	(565,387,226)	(659,386,659)

The tax character of distributions paid was as follows:

October 31, 2023
	Ordinary Income	Total
Fidelity Emerging Markets Index Fund	$144,831,374	$144,831,374
Fidelity Global ex U.S. Index Fund	208,386,222	208,386,222

October 31, 2022
	Ordinary Income	Total
Fidelity Emerging Markets Index Fund	$141,768,973	$141,768,973
Fidelity Global ex U.S. Index Fund	232,318,373	232,318,373

Delayed Delivery Transactions and When-Issued Securities. During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

4. Derivative Instruments.

Derivatives were used to increase or decrease exposure to the following risk(s):


Equity Risk	Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Emerging Markets Index Fund	1,093,942,507	456,909,551
Fidelity Global ex U.S. Index Fund	873,392,607	686,741,493

Prior Fiscal Year Unaffiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below; along with realized gain or loss on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.

	Shares	Total net realized gain or loss ($)	Total Proceeds ($)
Fidelity Global ex U.S. Index Fund	62,225,242	197,626,769	805,816,881

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .075% and .055% of average net assets for Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund, respectively. The management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees. Under the management contract, the investment adviser pays all other operating expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense.

Under the expense contract, the investment adviser pays all other operating expenses, except the compensation of the independent Trustees, as necessary so that the total expenses do not exceed .075%, and .055% of average net assets for Fidelity Emerging Markets Index Fund and Fidelity Global Ex-U.S. Index Fund, respectively. These expense contracts will remain in place through December 31, 2024.

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Emerging Markets Index Fund	Borrower	$ 34,493,000	5.07%	$9,706
Fidelity Global ex U.S. Index Fund	Borrower	$ 29,257,333	5.12%	$24,975

Other. During the period, the investment adviser reimbursed the Funds for certain losses as follows:

	Amount ($)
Fidelity Global ex U.S. Index Fund	48,786

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The commitment fees on the pro-rata portion of the line of credit are borne by the investment adviser. During the period, there were no borrowings on this line of credit.

8. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Emerging Markets Index Fund	$94,871	$1	$-
Fidelity Global ex U.S. Index Fund	$65,211	$-	$-

9. Expense Reductions.

	Custodian credits
Fidelity Emerging Markets Index Fund	$64,889
Fidelity Global ex U.S. Index Fund	127,082

10. Other.

At the end of the period, the following mutual funds managed by the investment adviser or its affiliates were the owners of record of 10% or more of the total outstanding shares.

	Fidelity Multi-Asset Index Fund
Fidelity Emerging Markets Index Fund	11%

11. Risk and Uncertainties.

To the Board of Trustees of Fidelity Salem Street Trust and the Shareholders of Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statements of assets and liabilities of Fidelity Emerging Markets Index Fund and Fidelity Global ex U.S. Index Fund (the "Funds"), each a fund of Fidelity Salem Street Trust, including the schedules of investments, as of October 31, 2023, the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2023, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2023, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

December 13, 2023

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

TRUSTEES AND OFFICERS

The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Christine J. Thompson (1958)

Year of Election or Appointment: 2023

Trustee

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Laura M. Bishop (1961)

Year of Election or Appointment: 2023

Trustee

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Robert W. Helm (1957)

Year of Election or Appointment: 2023

Trustee

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Chairman of the Independent Trustees

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Carol J. Zierhoffer (1960)

Year of Election or Appointment: 2023

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

David J. Carter (1973)

Year of Election or Appointment: 2020

Assistant Secretary

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Robin Foley (1964)

Year of Election or Appointment: 2023

Vice President

Christopher M. Gouveia (1973)

Year of Election or Appointment: 2023

Chief Compliance Officer

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2021

Deputy Treasurer

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023

Fidelity® Emerging Markets Index Fund	.08%
Actual		$ 1,000	$ 947.70	$ .39
Hypothetical-B		$ 1,000	$ 1,024.80	$ .41

Fidelity® Global ex U.S. Index Fund	.06%
Actual		$ 1,000	$ 931.30	$ .29
Hypothetical-B		$ 1,000	$ 1,024.90	$ .31

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

Fidelity Emerging Markets Index Fund
December 2022	52.74%
Fidelity Global ex U.S. Index Fund
December 2022	95.40%

The funds hereby designate the amounts noted below as distributions paid during the fiscal year ended 2023 as qualifying to be taxed as section 163(j) interest dividends:

Fidelity Emerging Markets Index Fund	$1,820,404
Fidelity Global ex U.S. Index Fund	$2,472,486

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

	Pay Date	Income	Taxes
Fidelity Emerging Markets Index Fund	12/19/2022	$0.2701	$0.0371
Fidelity Global ex U.S. Index Fund	12/19/2022	$0.3714	$0.0404

The funds will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Emerging Markets Index Fund

Fidelity Global ex U.S. Index Fund

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's and Geode's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to Fidelity's global investment organization and that Fidelity's and Geode's analysts have extensive resources, tools and capabilities that allow them to conduct quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties, and guarantors. Further, the Board considered that Fidelity's and Geode's investment professionals have sufficient access to information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, cybersecurity, and technology and operations capabilities and resources, which are integral parts of the investment management process.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that an index fund's performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) of the fund compared to the fund's benchmark index, over appropriate time periods taking into account relevant factors including the following: general market conditions; the characteristics of a fund's benchmark index; the extent to which statistical sampling is employed; any securities lending revenues; and fund cash flows and other factors.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio. The Board was provided with information regarding industry trends in management fees and expenses. In its review of each fund's management fee and total expense ratio, the Board considered the fund's unitary (subject to certain limited exceptions) fee rate as well as fund expenses paid by FMR under the fund's management contract, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for each fund.

Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "mapped groups") that were compiled by Fidelity based on combining similar investment objective categories (as classified by Lipper) that have comparable investment mandates. The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) relative to the total universe of funds within the mapped group; (ii) gross management fee comparisons relative to a subset of non-Fidelity funds in the mapped group that are similar in size and management fee structure to the fund (referred to as the "asset size peer group"); (iii) total expense comparisons of each fund relative to funds and classes in the mapped group that have a similar sales load structure to the fund (referred to as the "similar sales load structure group"); and (iv) total expense comparisons of each fund relative to funds and classes in the similar sales load structure group that are similar in size and management fee structure to the fund (referred to as the "total expense asset size peer group"). The total expense asset size peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The information provided to the Board indicated that each fund's management fee rate ranked below the competitive median of the mapped group for 2022 and below the competitive median of the asset size peer group for 2022. Further, the information provided to the Board indicated that the total expense ratio of each fund ranked below the competitive median of the similar sales load structure group for 2022 and below the competitive median of the total expense asset size peer group for 2022.

Other Contractual Arrangements. The Board considered that current contractual arrangements for the funds oblige FMR to pay all expenses of each fund to the extent necessary to limit total operating expenses, with certain exceptions, to 0.075% for Fidelity Emerging Markets Index Fund and 0.055% for Fidelity Global ex U.S. Index Fund. These contractual arrangements may not be amended to increase the fees or expenses payable except by a vote of a majority of the Board.

The Board also considered information regarding the profitability of Geode's relationship with each fund.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that, due to each fund's current contractual arrangements, its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Conclusion. Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board, including the Independent Trustees, concluded that the advisory and sub-advisory fee arrangements are fair and reasonable in light of all of the surrounding circumstances and that each fund's Advisory Contracts should be renewed through September 30, 2024.

A special meeting of shareholders was held on October 18, 2023. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.
Proposal 1
To elect a Board of Trustees.
	# of Votes	% of Votes
Abigail P. Johnson
Affirmative	378,729,502,260.010	97.580
Withheld	9,407,876,478.960	2.420
TOTAL	388,137,378,738.970	100.000
Jennifer Toolin McAuliffe
Affirmative	378,454,868,010.950	97.510
Withheld	9,682,510,728.020	2.490
TOTAL	388,137,378,738.970	100.000
Christine J. Thompson
Affirmative	378,837,121,274.520	97.600
Withheld	9,300,257,464.450	2.400
TOTAL	388,137,378,738.970	100.000
Elizabeth S. Acton
Affirmative	378,262,110,794.850	97.460
Withheld	9,875,267,944.120	2.540
TOTAL	388,137,378,738.970	100.000
Laura M. Bishop
Affirmative	380,482,113,171.060	98.030
Withheld	7,655,265,567.910	1.970
TOTAL	388,137,378,738.970	100.000
Ann E. Dunwoody
Affirmative	380,016,034,008.120	97.910
Withheld	8,121,344,730.850	2.090
TOTAL	388,137,378,738.970	100.000
John Engler
Affirmative	379,432,488,394.200	97.760
Withheld	8,704,890,344.770	2.240
TOTAL	388,137,378,738.970	100.000
Robert F. Gartland
Affirmative	378,741,819,600.600	97.580
Withheld	9,395,559,138.370	2.420
TOTAL	388,137,378,738.970	100.000
Robert W. Helm
Affirmative	380,389,324,755.070	98.000
Withheld	7,748,053,983.900	2.000
TOTAL	388,137,378,738.970	100.000
Arthur E. Johnson
Affirmative	378,427,694,151.670	97.500
Withheld	9,709,684,587.300	2.500
TOTAL	388,137,378,738.970	100.000
Michael E. Kenneally
Affirmative	377,842,228,145.180	97.350
Withheld	10,295,150,593.790	2.650
TOTAL	388,137,378,738.970	100.000
Mark A. Murray
Affirmative	380,158,432,703.370	97.940
Withheld	7,978,946,035.600	2.060
TOTAL	388,137,378,738.970	100.000
Carol J. Zierhoffer
Affirmative	380,522,113,360.240	98.040
Withheld	7,615,265,378.730	1.960
TOTAL	388,137,378,738.970	100.000

Proposal 1 reflects trust wide proposal and voting results.

1.929368.112

EMX-I-GUX-I-ANN-1223

Fidelity® U.S. Sustainability Index Fund

Annual Report

October 31, 2023

Contents

Report of Independent Registered Public Accounting Firm

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

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.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Average Annual Total Returns

Periods ended October 31, 2023	Past 1 year	Past 5 years	Life of Fund A
Fidelity® U.S. Sustainability Index Fund	12.47%	11.75%	11.35%

A From May 9, 2017

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® U.S. Sustainability Index Fund, on May 9, 2017, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the MSCI USA ESG Leaders Index performed over the same period.

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending October 31, 2023, the fund gained 12.47%, versus 12.60% for the benchmark MSCI USA ESG Leaders Index. By sector, information technology gained about 49% and contributed most, driven by the software & services industry (+39%). Communication services stocks also helped, gaining 19%. The industrials sector rose approximately 4%, boosted by the capital goods industry (+6%). Other notable contributors included the materials (+11%) and energy (+12%) sectors. Conversely, consumer staples returned about -3% and detracted most. This group was hampered by the food, beverage & tobacco industry (-9%). Consumer discretionary (-2%), hampered by the automobiles & components industry (-11%), and financials (-1%), especially in the banks industry (-38%), also hurt. Other notable detractors included the health care (-1%), utilities (-6%) and real estate (-1%) sectors. Turning to individual stocks, the biggest contributor was Microsoft (+47%), from the software & services industry. Also, in software & services, Adobe (+67%) helped. Nvidia (+203%), from the semiconductors & semiconductor equipment group, also contributed. Alphabet (+32%), a stock in the media & entertainment category, boosted the fund. Lastly, Eli Lilly (+55%), from the pharmaceuticals, biotechnology & life sciences category, also lifted the fund. In contrast, the biggest individual detractor was Tesla (-12%), from the automobiles & components category. Johnson & Johnson (-12%) and Bristol-Myers Squibb (-31%), within the pharmaceuticals, biotechnology & life sciences industry, also hurt the fund's performance. In media & entertainment, Disney returned -23% and detracted. Lastly, another notable detractor was Charles Schwab (-34%), a stock in the financial services industry.

Top Holdings (% of Fund's net assets)

Microsoft Corp.	12.6
NVIDIA Corp.	5.3
Alphabet, Inc. Class A	3.9
Alphabet, Inc. Class C	3.5
Tesla, Inc.	3.0
Eli Lilly & Co.	2.3
Visa, Inc. Class A	2.0
Johnson & Johnson	1.9
Procter & Gamble Co.	1.9
MasterCard, Inc. Class A	1.7
	38.1

Market Sectors (% of Fund's net assets)

Information Technology	29.1
Health Care	12.7
Financials	12.0
Communication Services	10.5
Consumer Discretionary	10.4
Industrials	9.0
Consumer Staples	6.3
Materials	2.9
Energy	2.6
Real Estate	2.4
Utilities	1.2

Asset Allocation (% of Fund's net assets)

Futures - 0.9%

Showing Percentage of Net Assets

Common Stocks - 99.1%
	Shares	Value ($)
COMMUNICATION SERVICES - 10.5%
Diversified Telecommunication Services - 0.8%
Liberty Global PLC Class C (a)	31,347	531,645
Verizon Communications, Inc.	536,738	18,855,606
		19,387,251
Entertainment - 1.1%
Electronic Arts, Inc.	32,999	4,084,946
Take-Two Interactive Software, Inc. (a)	21,620	2,891,675
The Walt Disney Co. (a)	233,286	19,033,805
		26,010,426
Interactive Media & Services - 7.5%
Alphabet, Inc.:
Class A (a)	758,487	94,113,067
Class C (a)	674,870	84,561,211
Snap, Inc. Class A (a)	130,051	1,301,811
Zoominfo Technologies, Inc. (a)	33,665	436,298
		180,412,387
Media - 1.1%
Comcast Corp. Class A	531,039	21,926,600
Fox Corp.:
Class A	34,777	1,056,873
Class B	17,551	489,848
Interpublic Group of Companies, Inc.	49,300	1,400,120
Omnicom Group, Inc.	25,435	1,905,336
Sirius XM Holdings, Inc.	98,574	421,897
		27,200,674
TOTAL COMMUNICATION SERVICES		253,010,738
CONSUMER DISCRETIONARY - 10.4%
Automobile Components - 0.2%
Aptiv PLC (a)	36,109	3,148,705
BorgWarner, Inc.	29,973	1,106,004
Lear Corp.	7,556	980,467
		5,235,176
Automobiles - 3.1%
Rivian Automotive, Inc. (a)	83,146	1,348,628
Tesla, Inc. (a)	364,171	73,140,104
		74,488,732
Broadline Retail - 0.4%
eBay, Inc.	68,278	2,678,546
MercadoLibre, Inc. (a)	5,769	7,157,829
		9,836,375
Distributors - 0.2%
Genuine Parts Co.	17,959	2,314,197
LKQ Corp.	34,089	1,497,189
Pool Corp.	4,979	1,572,219
		5,383,605
Hotels, Restaurants & Leisure - 2.0%
ARAMARK Holdings Corp.	31,698	853,627
Booking Holdings, Inc. (a)	4,715	13,152,775
Hilton Worldwide Holdings, Inc.	33,785	5,119,441
McDonald's Corp.	93,211	24,437,128
Vail Resorts, Inc.	5,148	1,092,663
Yum! Brands, Inc.	35,765	4,322,558
		48,978,192
Household Durables - 0.2%
NVR, Inc. (a)	414	2,240,825
PulteGroup, Inc.	28,439	2,092,826
Whirlpool Corp.	6,982	730,038
		5,063,689
Leisure Products - 0.0%
Hasbro, Inc.	16,870	761,681
Specialty Retail - 3.3%
AutoZone, Inc. (a)	2,318	5,741,987
Best Buy Co., Inc.	25,081	1,675,912
Burlington Stores, Inc. (a)	8,297	1,004,186
CarMax, Inc. (a)	20,207	1,234,446
Lowe's Companies, Inc.	74,807	14,255,970
The Home Depot, Inc.	128,349	36,539,677
TJX Companies, Inc.	146,710	12,920,750
Tractor Supply Co.	13,993	2,694,492
Ulta Beauty, Inc. (a)	6,366	2,427,419
		78,494,839
Textiles, Apparel & Luxury Goods - 1.0%
Deckers Outdoor Corp. (a)	3,341	1,994,777
lululemon athletica, Inc. (a)	14,790	5,819,569
NIKE, Inc. Class B	157,299	16,165,618
VF Corp.	41,995	618,586
		24,598,550
TOTAL CONSUMER DISCRETIONARY		252,840,839
CONSUMER STAPLES - 6.3%
Beverages - 2.5%
Keurig Dr. Pepper, Inc.	116,482	3,532,899
PepsiCo, Inc.	175,740	28,694,827
The Coca-Cola Co.	524,487	29,628,271
		61,855,997
Consumer Staples Distribution & Retail - 0.4%
Kroger Co.	87,050	3,949,459
Target Corp.	58,921	6,527,858
		10,477,317
Food Products - 0.8%
Bunge Ltd.	19,193	2,034,074
Campbell Soup Co.	24,812	1,002,653
Conagra Brands, Inc.	60,846	1,664,747
Darling Ingredients, Inc. (a)	20,425	904,623
General Mills, Inc.	74,708	4,873,950
Hormel Foods Corp.	38,368	1,248,878
Kellanova	34,946	1,763,725
Lamb Weston Holdings, Inc.	18,606	1,670,819
McCormick & Co., Inc. (non-vtg.)	32,114	2,052,085
The J.M. Smucker Co.	13,018	1,481,969
		18,697,523
Household Products - 2.6%
Church & Dwight Co., Inc.	31,197	2,837,055
Colgate-Palmolive Co.	100,627	7,559,100
Kimberly-Clark Corp.	43,081	5,154,211
Procter & Gamble Co.	300,903	45,144,477
The Clorox Co.	15,755	1,854,364
		62,549,207
TOTAL CONSUMER STAPLES		153,580,044
ENERGY - 2.6%
Energy Equipment & Services - 0.8%
Baker Hughes Co. Class A	129,237	4,448,338
Halliburton Co.	115,165	4,530,591
Schlumberger Ltd.	181,962	10,128,005
		19,106,934
Oil, Gas & Consumable Fuels - 1.8%
Cheniere Energy, Inc.	31,013	5,161,183
HF Sinclair Corp.	19,689	1,090,377
Kinder Morgan, Inc.	257,455	4,170,771
Marathon Petroleum Corp.	54,163	8,192,154
ONEOK, Inc.	74,319	4,845,599
Phillips 66 Co.	58,576	6,681,764
Targa Resources Corp.	27,462	2,296,098
The Williams Companies, Inc.	155,489	5,348,822
Valero Energy Corp.	46,149	5,860,923
		43,647,691
TOTAL ENERGY		62,754,625
FINANCIALS - 12.0%
Banks - 0.9%
Citizens Financial Group, Inc.	61,750	1,446,803
Huntington Bancshares, Inc.	184,023	1,775,822
PNC Financial Services Group, Inc.	50,967	5,834,192
Regions Financial Corp.	119,593	1,737,686
Truist Financial Corp.	170,079	4,823,440
U.S. Bancorp	195,753	6,240,606
Webster Financial Corp.	22,186	842,402
		22,700,951
Capital Markets - 3.8%
Ameriprise Financial, Inc.	13,302	4,184,410
Bank of New York Mellon Corp.	99,448	4,226,540
BlackRock, Inc. Class A	19,121	11,707,406
Cboe Global Markets, Inc.	13,455	2,205,140
Charles Schwab Corp.	191,979	9,990,587
FactSet Research Systems, Inc.	4,861	2,099,417
Franklin Resources, Inc.	38,534	878,190
Intercontinental Exchange, Inc.	73,011	7,844,302
Invesco Ltd.	43,698	566,763
LPL Financial	9,935	2,230,606
MarketAxess Holdings, Inc.	4,786	1,023,008
Moody's Corp.	21,087	6,494,796
Morgan Stanley	159,925	11,325,889
NASDAQ, Inc.	43,778	2,171,389
Northern Trust Corp.	26,564	1,750,833
Raymond James Financial, Inc.	25,730	2,455,671
S&P Global, Inc.	41,876	14,627,706
State Street Corp.	42,688	2,758,925
T. Rowe Price Group, Inc.	28,672	2,594,816
		91,136,394
Consumer Finance - 0.7%
Ally Financial, Inc.	34,735	840,240
American Express Co.	80,649	11,777,173
Discover Financial Services	32,437	2,662,429
Synchrony Financial	54,658	1,533,157
		16,812,999
Financial Services - 4.3%
Equitable Holdings, Inc.	45,601	1,211,619
Fidelity National Information Services, Inc.	75,633	3,714,337
Fiserv, Inc. (a)	78,808	8,964,410
MasterCard, Inc. Class A	108,037	40,659,725
Visa, Inc. Class A	206,589	48,569,074
		103,119,165
Insurance - 2.3%
AFLAC, Inc.	73,288	5,724,526
Allstate Corp.	33,557	4,299,658
Arch Capital Group Ltd. (a)	47,554	4,121,981
Assurant, Inc.	6,812	1,014,307
Hartford Financial Services Group, Inc.	39,625	2,910,456
Marsh & McLennan Companies, Inc.	63,159	11,978,104
Principal Financial Group, Inc.	30,925	2,093,004
Progressive Corp.	74,722	11,812,801
Prudential Financial, Inc.	46,598	4,260,921
The Travelers Companies, Inc.	29,488	4,937,471
Willis Towers Watson PLC	13,591	3,205,981
		56,359,210
Mortgage Real Estate Investment Trusts - 0.0%
Annaly Capital Management, Inc.	63,100	984,991
TOTAL FINANCIALS		291,113,710
HEALTH CARE - 12.7%
Biotechnology - 1.5%
Amgen, Inc.	68,217	17,443,087
Biogen, Inc. (a)	18,479	4,389,502
Gilead Sciences, Inc.	159,246	12,507,181
Repligen Corp. (a)	6,772	911,240
		35,251,010
Health Care Equipment & Supplies - 1.1%
Align Technology, Inc. (a)	9,286	1,714,103
Dentsply Sirona, Inc.	26,978	820,401
DexCom, Inc. (a)	49,490	4,396,197
Edwards Lifesciences Corp. (a)	77,403	4,932,119
Hologic, Inc. (a)	31,361	2,075,157
IDEXX Laboratories, Inc. (a)	10,599	4,233,983
Insulet Corp. (a)	8,900	1,179,873
STERIS PLC	12,602	2,646,168
Teleflex, Inc.	5,999	1,108,315
The Cooper Companies, Inc.	6,310	1,967,143
Zimmer Biomet Holdings, Inc.	26,666	2,784,197
		27,857,656
Health Care Providers & Services - 2.1%
Cencora, Inc.	21,946	4,063,302
Cigna Group	37,771	11,678,793
DaVita HealthCare Partners, Inc. (a)	6,917	534,200
Elevance Health, Inc.	30,263	13,621,074
HCA Holdings, Inc.	26,349	5,958,563
Humana, Inc.	15,950	8,352,856
Laboratory Corp. of America Holdings	11,333	2,263,540
Molina Healthcare, Inc. (a)	7,454	2,481,809
Quest Diagnostics, Inc.	14,305	1,861,081
		50,815,218
Life Sciences Tools & Services - 1.4%
Agilent Technologies, Inc.	37,703	3,897,359
Avantor, Inc. (a)	86,096	1,500,653
Bio-Techne Corp.	20,115	1,098,882
Danaher Corp.	89,491	17,184,062
Illumina, Inc. (a)	20,204	2,210,722
Mettler-Toledo International, Inc. (a)	2,811	2,769,397
Waters Corp. (a)	7,523	1,794,461
West Pharmaceutical Services, Inc.	9,478	3,016,753
		33,472,289
Pharmaceuticals - 6.6%
Bristol-Myers Squibb Co.	268,209	13,820,810
Eli Lilly & Co.	103,012	57,061,437
Jazz Pharmaceuticals PLC (a)	8,151	1,035,340
Johnson & Johnson	307,391	45,598,381
Merck & Co., Inc.	323,949	33,269,562
Zoetis, Inc. Class A	58,997	9,262,529
		160,048,059
TOTAL HEALTH CARE		307,444,232
INDUSTRIALS - 9.0%
Aerospace & Defense - 0.2%
Axon Enterprise, Inc. (a)	8,957	1,831,617
L3Harris Technologies, Inc.	24,188	4,339,569
		6,171,186
Air Freight & Logistics - 0.7%
C.H. Robinson Worldwide, Inc.	14,908	1,219,922
Expeditors International of Washington, Inc.	19,548	2,135,619
United Parcel Service, Inc. Class B	92,510	13,067,038
		16,422,579
Building Products - 0.9%
Allegion PLC	11,251	1,106,648
Builders FirstSource, Inc. (a)	16,337	1,772,891
Carrier Global Corp.	106,585	5,079,841
Fortune Brands Home & Security, Inc.	16,226	905,411
Johnson Controls International PLC	87,591	4,293,711
Lennox International, Inc.	4,079	1,511,433
Masco Corp.	28,726	1,496,337
Owens Corning	11,502	1,303,982
Trane Technologies PLC	29,115	5,540,876
		23,011,130
Commercial Services & Supplies - 0.6%
Cintas Corp.	11,687	5,926,711
Waste Management, Inc.	51,931	8,533,821
		14,460,532
Construction & Engineering - 0.2%
AECOM	16,874	1,291,705
Quanta Services, Inc.	18,534	3,097,402
		4,389,107
Electrical Equipment - 0.9%
Eaton Corp. PLC	50,889	10,580,332
Emerson Electric Co.	72,964	6,491,607
Generac Holdings, Inc. (a)	7,899	664,069
Rockwell Automation, Inc.	14,666	3,854,371
		21,590,379
Ground Transportation - 1.5%
CSX Corp.	261,549	7,807,238
J.B. Hunt Transport Services, Inc.	10,568	1,816,322
Knight-Swift Transportation Holdings, Inc. Class A	20,462	1,000,387
Norfolk Southern Corp.	29,067	5,545,693
Old Dominion Freight Lines, Inc.	12,600	4,745,916
Union Pacific Corp.	77,843	16,160,985
		37,076,541
Industrial Conglomerates - 0.3%
3M Co.	70,429	6,405,518
Machinery - 2.0%
Caterpillar, Inc.	65,794	14,872,734
Cummins, Inc.	18,071	3,908,757
Dover Corp.	17,877	2,323,116
Fortive Corp.	45,132	2,946,217
Graco, Inc.	21,484	1,597,335
IDEX Corp.	9,633	1,843,853
Illinois Tool Works, Inc.	38,796	8,694,960
Ingersoll Rand, Inc.	51,642	3,133,637
Otis Worldwide Corp.	52,760	4,073,600
Pentair PLC	21,077	1,224,995
Toro Co.	13,323	1,077,031
Xylem, Inc.	30,576	2,860,079
		48,556,314
Passenger Airlines - 0.0%
Delta Air Lines, Inc.	20,418	638,063
Professional Services - 1.0%
Automatic Data Processing, Inc.	52,740	11,508,923
Broadridge Financial Solutions, Inc.	15,073	2,572,057
Ceridian HCM Holding, Inc. (a)	18,847	1,206,396
Clarivate Analytics PLC (a)	42,827	273,236
Paychex, Inc.	41,424	4,600,135
Paylocity Holding Corp. (a)	5,674	1,017,916
Robert Half, Inc.	13,803	1,032,050
TransUnion Holding Co., Inc.	24,639	1,081,159
		23,291,872
Trading Companies & Distributors - 0.7%
Fastenal Co.	72,924	4,254,386
Ferguson PLC	26,106	3,921,121
United Rentals, Inc.	8,775	3,565,019
W.W. Grainger, Inc.	5,764	4,206,740
		15,947,266
TOTAL INDUSTRIALS		217,960,487
INFORMATION TECHNOLOGY - 29.1%
Electronic Equipment, Instruments & Components - 0.2%
Keysight Technologies, Inc. (a)	22,774	2,779,567
Trimble, Inc. (a)	31,618	1,490,156
		4,269,723
IT Services - 2.0%
Accenture PLC Class A	80,529	23,924,361
Akamai Technologies, Inc. (a)	19,396	2,004,189
Gartner, Inc. (a)	10,091	3,350,616
IBM Corp.	115,926	16,767,537
Twilio, Inc. Class A (a)	21,989	1,127,156
		47,173,859
Semiconductors & Semiconductor Equipment - 8.2%
Applied Materials, Inc.	107,208	14,188,979
Intel Corp.	532,496	19,436,104
Lam Research Corp.	17,151	10,088,561
Marvell Technology, Inc.	109,790	5,184,284
NVIDIA Corp.	315,333	128,592,797
NXP Semiconductors NV	33,161	5,717,951
Texas Instruments, Inc.	115,874	16,455,267
		199,663,943
Software - 18.3%
Adobe, Inc. (a)	58,189	30,960,039
ANSYS, Inc. (a)	11,061	3,077,834
Autodesk, Inc. (a)	27,281	5,391,544
Cadence Design Systems, Inc. (a)	34,809	8,348,939
DocuSign, Inc. (a)	25,911	1,007,420
Fair Isaac Corp. (a)	3,192	2,700,017
Gen Digital, Inc.	73,732	1,228,375
HubSpot, Inc. (a)	6,022	2,551,943
Intuit, Inc.	35,753	17,695,947
Microsoft Corp.	901,786	304,902,852
PTC, Inc. (a)	14,333	2,012,640
Salesforce, Inc. (a)	124,343	24,971,805
ServiceNow, Inc. (a)	26,004	15,130,427
Splunk, Inc. (a)	20,089	2,956,297
Synopsys, Inc. (a)	19,424	9,118,403
VMware, Inc. Class A (a)	30,217	4,401,106
Workday, Inc. Class A (a)	26,297	5,567,338
Zscaler, Inc. (a)	11,169	1,772,409
		443,795,335
Technology Hardware, Storage & Peripherals - 0.4%
Hewlett Packard Enterprise Co.	164,969	2,537,223
HP, Inc.	113,326	2,983,874
NetApp, Inc.	27,076	1,970,591
Seagate Technology Holdings PLC	23,798	1,624,214
Western Digital Corp. (a)	40,801	1,638,160
		10,754,062
TOTAL INFORMATION TECHNOLOGY		705,656,922
MATERIALS - 2.9%
Chemicals - 1.9%
Ecolab, Inc.	32,717	5,487,950
International Flavors & Fragrances, Inc.	32,497	2,221,170
Linde PLC	62,507	23,887,675
LyondellBasell Industries NV Class A	33,230	2,998,675
PPG Industries, Inc.	30,060	3,690,466
Sherwin-Williams Co.	31,279	7,450,971
		45,736,907
Construction Materials - 0.2%
Martin Marietta Materials, Inc.	7,916	3,237,169
Containers & Packaging - 0.3%
Amcor PLC	187,721	1,668,840
Avery Dennison Corp.	10,295	1,792,051
Ball Corp.	40,104	1,931,008
International Paper Co.	42,115	1,420,539
WestRock Co.	32,759	1,177,031
		7,989,469
Metals & Mining - 0.5%
Newmont Corp.	147,123	5,512,699
Nucor Corp.	32,078	4,740,808
Steel Dynamics, Inc.	20,464	2,179,621
		12,433,128
TOTAL MATERIALS		69,396,673
REAL ESTATE - 2.4%
Equity Real Estate Investment Trusts (REITs) - 2.3%
American Tower Corp.	59,498	10,601,949
Boston Properties, Inc.	19,047	1,020,348
Crown Castle International Corp.	55,362	5,147,559
Digital Realty Trust, Inc.	37,195	4,625,570
Equinix, Inc.	11,940	8,711,902
Healthpeak Properties, Inc.	69,953	1,087,769
Iron Mountain, Inc.	37,148	2,194,332
Prologis (REIT), Inc.	117,892	11,877,619
SBA Communications Corp. Class A	13,840	2,887,439
Welltower, Inc.	63,457	5,305,640
Weyerhaeuser Co.	93,530	2,683,376
		56,143,503
Real Estate Management & Development - 0.1%
CBRE Group, Inc. (a)	39,688	2,751,966
TOTAL REAL ESTATE		58,895,469
UTILITIES - 1.2%
Electric Utilities - 0.4%
Edison International	48,893	3,083,193
Eversource Energy	44,577	2,397,797
Exelon Corp.	126,981	4,944,640
		10,425,630
Gas Utilities - 0.1%
Atmos Energy Corp.	18,422	1,983,313
Multi-Utilities - 0.5%
CMS Energy Corp.	37,169	2,019,763
Consolidated Edison, Inc.	44,254	3,885,059
Sempra	80,342	5,626,350
		11,531,172
Water Utilities - 0.2%
American Water Works Co., Inc.	24,848	2,923,367
Essential Utilities, Inc.	32,136	1,075,271
		3,998,638
TOTAL UTILITIES		27,938,753
TOTAL COMMON STOCKS (Cost $2,207,233,959)		2,400,592,492

U.S. Treasury Obligations - 0.0%
	Principal Amount (b)	Value ($)
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (c) (Cost $393,350)	400,000	393,327
		��

Money Market Funds - 0.7%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (d) (Cost $16,961,349)	16,957,957	16,961,349

TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $2,224,588,658)	2,417,947,168
NET OTHER ASSETS (LIABILITIES) - 0.2%	5,566,620
NET ASSETS - 100.0%	2,423,513,788

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
CME E-mini NASDAQ 100 Index Contracts (United States)	15	Dec 2023	4,347,075	(37,161)	(37,161)
CME E-mini S&P 500 Index Contracts (United States)	83	Dec 2023	17,480,838	(61,485)	(61,485)

TOTAL FUTURES CONTRACTS					(98,646)
The notional amount of futures purchased as a percentage of Net Assets is 0.9%

Legend

(a)	Non-income producing

(b)	Amount is stated in United States dollars unless otherwise noted.

(c)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $393,327.

(d)

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	4,031,628	344,025,023	331,095,302	364,916	-	-	16,961,349	0.0%
Fidelity Securities Lending Cash Central Fund 5.40%	8,384,795	3,069,953	11,454,748	17,421	-	-	-	0.0%
Total	12,416,423	347,094,976	342,550,050	382,337	-	-	16,961,349

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	253,010,738	253,010,738	-	-
Consumer Discretionary	252,840,839	252,840,839	-	-
Consumer Staples	153,580,044	153,580,044	-	-
Energy	62,754,625	62,754,625	-	-
Financials	291,113,710	291,113,710	-	-
Health Care	307,444,232	307,444,232	-	-
Industrials	217,960,487	217,960,487	-	-
Information Technology	705,656,922	705,656,922	-	-
Materials	69,396,673	69,396,673	-	-
Real Estate	58,895,469	58,895,469	-	-
Utilities	27,938,753	27,938,753	-	-

U.S. Government and Government Agency Obligations	393,327	-	393,327	-

Money Market Funds	16,961,349	16,961,349	-	-
Total Investments in Securities:	2,417,947,168	2,417,553,841	393,327	-
Derivative Instruments: Liabilities
Futures Contracts	(98,646)	(98,646)	-	-
Total Liabilities	(98,646)	(98,646)	-	-
Total Derivative Instruments:	(98,646)	(98,646)	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	0	(98,646)
Total Equity Risk	0	(98,646)
Total Value of Derivatives	0	(98,646)

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $2,207,627,309)	$	2,400,985,819
Fidelity Central Funds (cost $16,961,349)		16,961,349


Total Investment in Securities (cost $2,224,588,658)			$	2,417,947,168
Segregated cash with brokers for derivative instruments				792,253
Cash				408
Receivable for fund shares sold				3,365,034
Dividends receivable				2,088,797
Distributions receivable from Fidelity Central Funds				62,432
Receivable for daily variation margin on futures contracts				122,889
Total assets				2,424,378,981
Liabilities
Payable for fund shares redeemed	$	609,126
Accrued management fee		226,620
Other payables and accrued expenses		29,447
Total Liabilities				865,193
Net Assets			$	2,423,513,788
Net Assets consist of:
Paid in capital			$	2,301,052,812
Total accumulated earnings (loss)				122,460,976
Net Assets			$	2,423,513,788
Net Asset Value, offering price and redemption price per share ($2,423,513,788 ÷ 129,734,891 shares)			$	18.68

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	35,455,297
Interest				20,527
Income from Fidelity Central Funds (including $17,421 from security lending)				382,337
Total Income				35,858,161
Expenses
Management fee	$	2,471,880
Independent trustees' fees and expenses		7,699
Interest		25,094
Miscellaneous		29,438
Total expenses before reductions		2,534,111
Expense reductions		(289)
Total expenses after reductions				2,533,822
Net Investment income (loss)				33,324,339
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(73,629,779)
Futures contracts		184,626
Total net realized gain (loss)				(73,445,153)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		281,464,530
Futures contracts		(539,995)
Total change in net unrealized appreciation (depreciation)				280,924,535
Net gain (loss)				207,479,382
Net increase (decrease) in net assets resulting from operations			$	240,803,721

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	33,324,339	$	30,958,542
Net realized gain (loss)		(73,445,153)		(16,287,855)
Change in net unrealized appreciation (depreciation)		280,924,535		(499,203,720)
Net increase (decrease) in net assets resulting from operations		240,803,721		(484,533,033)
Distributions to shareholders		(31,003,717)		(20,452,876)

Share transactions
Proceeds from sales of shares		667,415,739		1,362,470,513
Reinvestment of distributions		28,625,159		19,223,799
Cost of shares redeemed		(661,727,724)		(565,764,704)

Net increase (decrease) in net assets resulting from share transactions		34,313,174		815,929,608
Total increase (decrease) in net assets		244,113,178		310,943,699

Net Assets
Beginning of period		2,179,400,610		1,868,456,911
End of period	$	2,423,513,788	$	2,179,400,610

Other Information
Shares
Sold		35,494,418		69,593,522
Issued in reinvestment of distributions		1,672,031		949,791
Redeemed		(36,785,982)		(30,563,531)
Net increase (decrease)		380,467		39,979,782

Financial Highlights

Fidelity® U.S. Sustainability Index Fund

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	16.85	$	20.91	$	14.29	$	13.18	$	11.43
Income from Investment Operations
Net investment income (loss) A,B		.27		.25		.23		.23		.23
Net realized and unrealized gain (loss)		1.81		(4.10)		6.56		1.08		1.69
Total from investment operations		2.08		(3.85)		6.79		1.31		1.92
Distributions from net investment income		(.25)		(.17)		(.17)		(.18)		(.15)
Distributions from net realized gain		-		(.04)		-		(.02)		(.02)
Total distributions		(.25)		(.21)		(.17)		(.20)		(.17)
Net asset value, end of period	$	18.68	$	16.85	$	20.91	$	14.29	$	13.18
Total Return C		12.47%		(18.58)%		47.84%		9.99%		17.06%
Ratios to Average Net Assets B,D,E
Expenses before reductions		.11%		.11%		.11%		.11%		.11%
Expenses net of fee waivers, if any		.11%		.11%		.11%		.11%		.11%
Expenses net of all reductions		.11%		.11%		.11%		.11%		.11%
Net investment income (loss)		1.48%		1.37%		1.28%		1.68%		1.84%
Supplemental Data
Net assets, end of period (000 omitted)	$	2,423,514	$	2,179,401	$	1,868,457	$	488,752	$	206,094
Portfolio turnover rate F		21%		9%		12%		10%		12%

ACalculated based on average shares outstanding during the period.

CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

FAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Report of Independent Registered Public Accounting Firm

For the period ended October 31, 2023

1. Organization.

Fidelity U.S. Sustainability Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Book-tax differences are primarily due to futures contracts, capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$409,696,103
Gross unrealized depreciation	(226,483,007)
Net unrealized appreciation (depreciation)	$183,213,096
Tax Cost	$2,234,734,072

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$24,269,237
Capital loss carryforward	$(85,021,357)
Net unrealized appreciation (depreciation) on securities and other investments	$183,213,096

Short-term	$(60,057,755)
Long-term	(24,963,602)
Total capital loss carryforward	$(85,021,357)

The tax character of distributions paid was as follows:

	October 31, 2023	October 31, 2022
Ordinary Income	$31,003,717	$18,202,081
Long-term Capital Gains	-	2,250,795
Total	$31,003,717	$20,452,876

4. Derivative Instruments.

Derivatives were used to increase or decrease exposure to the following risk(s):


Equity Risk	Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, U.S. government securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity U.S. Sustainability Index Fund	499,922,148	478,121,101

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .11% of the Fund's average net assets. Under the management contract, the investment adviser pays all other operating expenses, except the compensation of the independent Trustees and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity U.S. Sustainability Index Fund	Borrower	$ 41,868,400	4.32%	$25,094

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The commitment fees on the pro-rata portion of the line of credit are borne by the investment adviser. During the period, there were no borrowings on this line of credit.

8. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity U.S. Sustainability Index Fund	$1,820	$-	$-

9. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $289.

10. Other.

11. Risk and Uncertainties.

To the Board of Trustees of Fidelity Salem Street Trust and Shareholders of Fidelity U.S. Sustainability Index Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity U.S. Sustainability Index Fund (one of the funds constituting Fidelity Salem Street Trust, referred to hereafter as the "Fund") as of October 31, 2023, the related statement of operations for the year ended October 31, 2023, the statement of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2023 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2023, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2023

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

TRUSTEES AND OFFICERS

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Michael E. Kenneally serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Christine J. Thompson (1958)

Year of Election or Appointment: 2023

Trustee

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Laura M. Bishop (1961)

Year of Election or Appointment: 2023

Trustee

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Robert W. Helm (1957)

Year of Election or Appointment: 2023

Trustee

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Chairman of the Independent Trustees

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Carol J. Zierhoffer (1960)

Year of Election or Appointment: 2023

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

David J. Carter (1973)

Year of Election or Appointment: 2020

Assistant Secretary

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Robin Foley (1964)

Year of Election or Appointment: 2023

Vice President

Christopher M. Gouveia (1973)

Year of Election or Appointment: 2023

Chief Compliance Officer

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2021

Deputy Treasurer

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023

Fidelity® U.S. Sustainability Index Fund	.11%
Actual		$ 1,000	$ 1,026.90	$ .56
Hypothetical-B		$ 1,000	$ 1,024.65	$ .56

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates 98% of the dividend distributed during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

The fund designates 98.48% of the dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The fund designates 1.49% of the dividend distributed during the fiscal year as a section 199A dividend.

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity U.S. Sustainability Index Fund

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board's Operations Committee, of which all the Independent Trustees are members, meets regularly throughout the year and requests, receives and considers, among other matters, information related to the annual consideration of the renewal of the fund's Advisory Contracts before making its recommendation to the Board. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet from time to time with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

The Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable in light of all of the surrounding circumstances.

Nature, Extent, and Quality of Services Provided. The Board considered the Investment Advisers' staffing as it relates to the fund, including the backgrounds and experience of investment personnel of Fidelity and Geode, and also considered the Investment Advisers' implementation of the fund's investment program. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and with senior management of Geode. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of the fund.

The Trustees also discussed with representatives of Fidelity, at meetings throughout the year, Fidelity's role in, among other things, overseeing compliance with federal securities laws and other applicable requirements by Geode with respect to the fund and monitoring and overseeing the performance and investment capabilities of Geode. The Trustees considered that the Board had received from Fidelity periodic reports about its oversight and due diligence processes, as well as periodic reports regarding the performance of Geode.

The Board also considered the nature, extent and quality of services provided by Geode. The Trustees noted that under the Sub-Advisory Agreement, subject to oversight by Fidelity, Geode is responsible for, among other things, identifying investments and arranging for execution of portfolio transactions to implement the fund's investment strategy. In addition, the Trustees noted that Geode is responsible for providing such reporting as may be requested by Fidelity to fulfill its oversight responsibilities discussed above.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's and Geode's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to Fidelity's global investment organization and that Fidelity's and Geode's analysts have extensive resources, tools and capabilities that allow them to conduct quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties, and guarantors. Further, the Board considered that Fidelity's and Geode's investment professionals have sufficient access to information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, cybersecurity, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and by FMR's affiliates under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of Fidelity's supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted by Fidelity to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers. The Board also considered the fund's securities lending activities and any payments made to Fidelity relating to securities lending.

Investment Performance. The Board took into account discussions that occur with representatives of the Investment Advisers, and reports that it receives, at Board meetings throughout the year relating to fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considered annualized return information for the fund for different time periods, measured against the securities market index the fund seeks to track (benchmark index). The Board also periodically considers the fund's tracking error versus its benchmark index. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds over different time periods and discussed with the Investment Advisers the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that an index fund's performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) of the fund compared to the fund's benchmark index, over appropriate time periods taking into account relevant factors including the following: general market conditions; the characteristics of the fund's benchmark index; the extent to which statistical sampling is employed; any securities lending revenues; and fund cash flows and other factors.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio. The Board was provided with information regarding industry trends in management fees and expenses. In its review of the fund's management fee and total expense ratio, the Board considered the fund's unitary (subject to certain limited exceptions) fee rate as well as fund expenses paid by FMR under the fund's management contract, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund.

Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "mapped groups") that were compiled by Fidelity based on combining similar investment objective categories (as classified by Lipper) that have comparable investment mandates. The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) relative to the total universe of funds within the mapped group; (ii) gross management fee comparisons relative to a subset of non-Fidelity funds in the mapped group that are similar in size and management fee structure to the fund (referred to as the "asset size peer group"); (iii) total expense comparisons of the fund relative to funds and classes in the mapped group that have a similar sales load structure to the fund (referred to as the "similar sales load structure group"); and (iv) total expense comparisons of the fund relative to funds and classes in the similar sales load structure group that are similar in size and management fee structure to the fund (referred to as the "total expense asset size peer group"). The total expense asset size peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The information provided to the Board indicated that the fund's management fee rate ranked below the competitive median of the mapped group for 2022 and below the competitive median of the asset size peer group for 2022. Further, the information provided to the Board indicated that the total expense ratio of the fund ranked equal to the competitive median of the similar sales load structure group for 2022 and below the competitive median of the total expense asset size peer group for 2022.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

The Board also considered information regarding the profitability of Geode's relationship with the fund.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that, due to the fund's current contractual arrangements, its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

A special meeting of shareholders was held on October 18, 2023. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.
Proposal 1
To elect a Board of Trustees.
	# of Votes	% of Votes
Abigail P. Johnson
Affirmative	378,729,502,260.010	97.580
Withheld	9,407,876,478.960	2.420
TOTAL	388,137,378,738.970	100.000
Jennifer Toolin McAuliffe
Affirmative	378,454,868,010.950	97.510
Withheld	9,682,510,728.020	2.490
TOTAL	388,137,378,738.970	100.000
Christine J. Thompson
Affirmative	378,837,121,274.520	97.600
Withheld	9,300,257,464.450	2.400
TOTAL	388,137,378,738.970	100.000
Elizabeth S. Acton
Affirmative	378,262,110,794.850	97.460
Withheld	9,875,267,944.120	2.540
TOTAL	388,137,378,738.970	100.000
Laura M. Bishop
Affirmative	380,482,113,171.060	98.030
Withheld	7,655,265,567.910	1.970
TOTAL	388,137,378,738.970	100.000
Ann E. Dunwoody
Affirmative	380,016,034,008.120	97.910
Withheld	8,121,344,730.850	2.090
TOTAL	388,137,378,738.970	100.000
John Engler
Affirmative	379,432,488,394.200	97.760
Withheld	8,704,890,344.770	2.240
TOTAL	388,137,378,738.970	100.000
Robert F. Gartland
Affirmative	378,741,819,600.600	97.580
Withheld	9,395,559,138.370	2.420
TOTAL	388,137,378,738.970	100.000
Robert W. Helm
Affirmative	380,389,324,755.070	98.000
Withheld	7,748,053,983.900	2.000
TOTAL	388,137,378,738.970	100.000
Arthur E. Johnson
Affirmative	378,427,694,151.670	97.500
Withheld	9,709,684,587.300	2.500
TOTAL	388,137,378,738.970	100.000
Michael E. Kenneally
Affirmative	377,842,228,145.180	97.350
Withheld	10,295,150,593.790	2.650
TOTAL	388,137,378,738.970	100.000
Mark A. Murray
Affirmative	380,158,432,703.370	97.940
Withheld	7,978,946,035.600	2.060
TOTAL	388,137,378,738.970	100.000
Carol J. Zierhoffer
Affirmative	380,522,113,360.240	98.040
Withheld	7,615,265,378.730	1.960
TOTAL	388,137,378,738.970	100.000

Proposal 1 reflects trust wide proposal and voting results.

1.9883815.106

USY-ANN-1223

Fidelity® SAI Emerging Markets Index Fund

Annual Report

October 31, 2023

Contents

Report of Independent Registered Public Accounting Firm

You may also call 1-800-544-3455 to request a free copy of the proxy voting guidelines.

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.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Average Annual Total Returns

Periods ended October 31, 2023	Past 1 year	Past 5 years	Life of Fund A
Fidelity® SAI Emerging Markets Index Fund	10.58%	1.32%	4.45%

A From January 5, 2016

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® SAI Emerging Markets Index Fund, on January 5, 2016, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period.

Market Recap:

International (non-U.S.) equities gained 12.27% for the 12 months ending October 31, 2023, according to the MSCI ACWI (All Country World Index) ex USA Index, as global economic expansion and a slowing in the pace of inflation in some markets provided a favorable backdrop for risk assets. After returning -15.86% in 2022, the index's upturn has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence applications. The index gained 14.07% year to date through July, including strong gains in both June (+4.50%) and July (+4.07%). The rally for international equities sputtered for the next three months (-11.33%) amid a stalling pattern in disinflationary trends, heightened global recession and geopolitical risks, soaring yields on longer-term U.S. government bonds and particularly weak economic conditions in the eurozone and China. The three-month decline left non-U.S. stocks up 1.15% year to date through October. Currency fluctuations also helped bolster non-U.S. equity performance overall. For the full 12 months, nearly all regions advanced, with Europe ex U.K. (+18%) and Japan (+17%) leading, whereas Canada (-0.38%) lagged by the widest margin. Each of the 11 sectors advanced, with information technology (+21%) and consumer discretionary (+19%) leading the way. Energy and industrials each rose about 14%. Conversely, four defensive-oriented sectors lagged by the widest margin: real estate (+4%), health care (+6%), consumer staples (+7%) and utilities (+8%).

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending October 31, 2023, the fund gained 10.58%, versus 10.84% for the benchmark MSCI Emerging Markets Index. From a regional standpoint, emerging markets gained 10% and contributed most, followed by Asia Pacific ex Japan (+12%). By sector, information technology gained roughly 22% and contributed most, driven by the semiconductors & semiconductor equipment industry (+33%). Consumer discretionary stocks also helped (+17%). Communication services rose 22%, financials gained approximately 5%, lifted by insurance (+29%), and energy advanced roughly 11%. Other notable contributors included the consumer staples (+6%), real estate (+11%) and health care (+3%) sectors. From a sector standpoint, materials returned about -3% and detracted most. Utilities (-8%) and industrials (+0.26%), especially in the capital goods industry (+0.26%), also hurt. Turning to individual stocks, the top contributor was Taiwan Semiconductor (+37%), from the semiconductors & semiconductor equipment industry. Tencent Holdings, within the media & entertainment group, gained approximately 50% and lifted the fund. Another notable contributor was Samsung Electronics (+19%), a stock in the technology hardware & equipment group. Alibaba (+31%), from the consumer discretionary distribution & retail category, also contributed. Lastly, Petrobras, within the energy industry, gained about 62% and contributed. Conversely, the biggest individual detractor was Meituan (-11%), from the consumer services category. JD.com (-30%), a stock in the consumer discretionary distribution & retail industry, detracted. Samsung SDI (-39%), from the technology hardware & equipment industry, also hurt. In utilities, Adani Total Gas returned roughly -82% and lastly, EcoPro (-52%), from the materials category, also hurt.

Top Holdings (% of Fund's net assets)

Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	6.0
Tencent Holdings Ltd. (China, Interactive Media & Services)	3.7
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	3.5
Alibaba Group Holding Ltd. (China, Broadline Retail)	2.5
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels)	1.2
Meituan Class B (China, Hotels, Restaurants & Leisure)	1.1
PDD Holdings, Inc. ADR (China, Broadline Retail)	0.9
ICICI Bank Ltd. (India, Banks)	0.8
Infosys Ltd. (India, IT Services)	0.8
China Construction Bank Corp. (H Shares) (China, Banks)	0.8
	21.3

Market Sectors (% of Fund's net assets)

Financials	20.9
Information Technology	19.0
Consumer Discretionary	12.6
Communication Services	8.8
Materials	6.7
Industrials	5.9
Consumer Staples	5.8
Energy	4.9
Health Care	3.9
Utilities	3.0
Real Estate	1.6

Asset Allocation (% of Fund's net assets)

Futures - 6.7%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Showing Percentage of Net Assets

Common Stocks - 91.2%
	Shares	Value ($)
Brazil - 3.6%
Ambev SA	2,475,198	6,313,492
Atacadao SA	330,500	588,007
B3 SA - Brasil Bolsa Balcao	3,024,140	6,657,997
Banco Bradesco SA	869,412	2,119,318
Banco BTG Pactual SA unit	610,500	3,584,232
Banco do Brasil SA	445,805	4,275,236
Banco Santander SA (Brasil) unit	192,300	1,026,770
BB Seguridade Participacoes SA	363,858	2,219,918
CCR SA	523,012	1,242,760
Centrais Eletricas Brasileiras SA (Electrobras)	641,597	4,433,627
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)	175,500	2,031,821
Companhia Siderurgica Nacional SA (CSN)	346,200	807,520
Cosan SA	631,624	1,973,140
CPFL Energia SA (a)	116,700	774,026
Energisa SA unit	109,200	1,009,533
Eneva SA (a)	467,200	1,002,649
ENGIE Brasil Energia SA	114,020	888,776
Equatorial Energia SA	524,138	3,285,121
Hapvida Participacoes e Investimentos SA (a)(b)	2,750,243	2,012,872
Hypera SA (a)	196,700	1,181,741
Itausa-Investimentos Itau SA	39,853	67,821
Klabin SA unit	395,800	1,679,996
Localiza Rent a Car SA	467,364	4,715,586
Localiza Rent a Car SA rights 11/10/23 (a)	3,427	4,758
Lojas Renner SA (a)	502,801	1,222,659
Magazine Luiza SA (a)	1,587,008	418,648
Natura & Co. Holding SA	469,726	1,187,882
Petroleo Brasileiro SA - Petrobras (ON)	1,834,808	13,770,840
Prio SA (a)	415,400	3,930,100
Raia Drogasil SA	677,060	3,464,699
Rede D'Oregon Sao Luiz SA (b)	298,217	1,278,812
Rumo SA	672,400	2,975,404
Sendas Distribuidora SA	705,100	1,529,983
Suzano Papel e Celulose SA	412,212	4,216,348
Telefonica Brasil SA	217,600	1,952,541
TIM SA	451,400	1,358,207
Totvs SA	273,400	1,372,491
Ultrapar Participacoes SA	376,538	1,527,288
Vale SA	1,773,773	24,275,368
Vibra Energia SA (a)	607,449	2,384,374
Weg SA	878,780	5,753,662
TOTAL BRAZIL		126,516,023
Chile - 0.4%
Banco de Chile	23,673,840	2,432,189
Banco de Credito e Inversiones	39,746	950,351
Banco Santander Chile	34,408,815	1,500,147
Cencosud SA	680,066	1,101,783
Compania Cervecerias Unidas SA	69,911	397,438
Compania Sud Americana de Vapores SA	8,316,838	461,840
Empresas CMPC SA	580,296	1,037,401
Empresas COPEC SA	201,660	1,335,012
Enel Americas SA (a)	10,893,135	1,119,741
Enel Chile SA	14,063,366	832,803
Falabella SA	460,403	937,525
TOTAL CHILE		12,106,230
China - 27.7%
360 Security Technology, Inc. (A Shares) (a)	219,300	269,519
37 Interactive Entertainment Network Technology Group Co. Ltd. (A Shares)	66,800	188,990
3Peak, Inc. (A Shares)	3,537	77,895
3SBio, Inc. (b)	1,000,000	889,642
AAC Technology Holdings, Inc.	378,133	680,653
Accelink Technologies Co. Ltd. (A Shares)	23,600	86,982
Advanced Micro-Fabrication Equipment, Inc., China (A Shares)	18,956	444,090
AECC Aero-Engine Control Co. Ltd. (A Shares)	40,700	115,564
AECC Aviation Power Co. Ltd.	77,700	375,793
Agricultural Bank of China Ltd.:
(A Shares)	2,279,500	1,118,863
(H Shares)	15,802,297	5,836,684
Aier Eye Hospital Group Co. Ltd. (A Shares)	280,799	702,187
AIMA Technology Group Co. Ltd.	24,700	94,879
Air China Ltd.:
(A Shares) (a)	351,400	385,444
(H Shares) (a)	980,000	666,702
Airtac International Group	72,926	2,395,785
Akeso, Inc. (a)(b)	266,000	1,493,738
Alibaba Group Holding Ltd. (a)	8,554,916	88,073,537
Alibaba Health Information Technology Ltd. (a)	2,845,000	1,675,930
Aluminum Corp. of China Ltd.:
(A shares)	456,600	387,012
(H Shares)	2,020,000	1,080,560
Amlogic Shanghai Co. Ltd. (A Shares) (a)	12,828	105,416
Angel Yeast Co. Ltd. (A Shares)	26,600	127,210
Anhui Conch Cement Co. Ltd.:
(A Shares)	136,900	452,831
(H Shares)	659,400	1,641,045
Anhui Gujing Distillery Co. Ltd.:
(A Shares)	10,100	385,014
(B Shares)	64,857	1,010,889
Anhui Honglu Steel Construction Group Co. Ltd.	21,190	72,806
Anhui Jianghuai Automobile Group Corp. Ltd. (A Shares) (a)	60,900	150,956
Anhui Kouzi Distillery Co. Ltd. (A Shares)	18,500	126,987
Anhui Yingjia Distillery Co. Ltd. (A Shares)	20,700	217,075
Anjoy Foods Group Co. Ltd. (A Shares)	9,000	158,993
Anker Innovations Technology Co. Ltd. (A Shares)	10,100	129,395
Anta Sports Products Ltd.	664,600	7,516,288
Apeloa Pharmaceutical Co. Ltd. A Shares	35,400	83,452
Asia - Potash International Investment Guangzhou Co. Ltd. (A Shares) (a)	28,900	112,684
ASR Microelectronics Co. Ltd. (A Shares)	12,281	109,467
Asymchem Laboratories Tianjin Co. Ltd. (A Shares)	10,560	217,965
Autobio Diagnostics Co. Ltd.	18,400	111,821
Autohome, Inc. ADR Class A	35,602	952,354
Avary Holding Shenzhen Co. Ltd. (A Shares)	60,900	178,494
AVIC Capital Co. Ltd. (A Shares)	281,800	128,349
AviChina Industry & Technology Co. Ltd. (H Shares)	1,322,000	599,153
Avicopter PLC (A Shares)	18,100	93,970
BAIC BluePark New Energy Technology Co. Ltd. (A Shares) (a)	152,700	143,141
Baidu, Inc. Class A (a)	1,175,224	15,429,291
Bank of Beijing Co. Ltd. (A Shares)	619,025	386,048
Bank of Changsha Co. Ltd. (A Shares)	121,900	122,476
Bank of Chengdu Co. Ltd. (A Shares)	112,400	190,005
Bank of China Ltd.:
(A Shares)	1,191,500	635,244
(H Shares)	41,241,464	14,407,104
Bank of Communications Co. Ltd.:
(A Shares)	735,800	566,291
(H Shares)	5,261,176	3,112,017
Bank of Hangzhou Co. Ltd. (A Shares)	169,700	248,257
Bank of Jiangsu Co. Ltd. (A Shares)	448,843	423,530
Bank of Nanjing Co. Ltd. (A Shares)	298,200	319,676
Bank of Ningbo Co. Ltd. (A Shares)	197,520	674,680
Bank of Shanghai Co. Ltd. (A Shares)	414,380	343,929
Bank of Suzhou Co. Ltd.	114,700	98,497
Baoshan Iron & Steel Co. Ltd. (A Shares)	662,400	566,759
BeiGene Ltd. (a)	361,132	5,184,368
Beijing Capital International Airport Co. Ltd. (H Shares) (a)	1,031,000	379,756
Beijing Dabeinong Technology Group Co. Ltd. (A Shares) (a)	128,400	123,774
Beijing E-Hualu Information Technology Co. Ltd. (A Shares) (a)	19,100	75,772
Beijing Easpring Material Technology Co. Ltd. (A Shares)	15,400	92,875
Beijing Enlight Media Co. Ltd. (A Shares)	89,200	95,405
Beijing Enterprises Holdings Ltd.	267,427	891,030
Beijing Enterprises Water Group Ltd.	2,056,000	433,827
Beijing Kingsoft Office Software, Inc. (A Shares)	13,808	543,224
Beijing New Building Materials PLC (A Shares)	52,600	175,903
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. (A Shares)	36,600	124,623
Beijing Roborock Technology Co. Ltd. (A Shares)	3,725	161,054
Beijing Shiji Information Technology Co. Ltd. (A Shares)	70,480	101,681
Beijing Tiantan Biological Products Corp. Ltd. (A Shares)	46,000	181,522
Beijing Tongrentang Co. Ltd. (A Shares)	41,200	289,183
Beijing United Information Technology Co. Ltd. (A Shares)	22,634	116,541
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. (A Shares)	25,012	150,026
Beijing Yanjing Brewery Co. Ltd. (A Shares)	86,400	122,847
Beijing-Shanghai High Speed Railway Co. Ltd. (A Shares)	971,400	664,150
Beiqi Foton Motor Co. Ltd. (A Shares) (a)	228,100	94,563
Bethel Automotive Safety Systems Co. Ltd. (A Shares)	12,400	128,346
Betta Pharmaceuticals Co. Ltd. (A Shares)	12,900	107,315
BGI Genomics Co. Ltd.	12,900	86,807
Bilibili, Inc. Class Z (a)(c)	102,581	1,376,404
Bloomage Biotechnology Corp. Ltd. (A Shares)	15,461	161,639
BOC Aviation Ltd. Class A (b)	106,500	654,984
BOC International China Co. Ltd.	83,900	125,063
BOE Technology Group Co. Ltd. (A Shares)	1,142,400	612,450
Bosideng International Holdings Ltd.	2,036,000	803,873
BTG Hotels Group Co. Ltd. (a)	34,200	78,093
By-Health Co. Ltd. (A Shares)	53,100	132,976
BYD Co. Ltd.:
(A Shares)	68,700	2,242,135
(H Shares)	532,300	16,187,312
BYD Electronic International Co. Ltd.	412,000	1,719,900
C&D International Investment Group Ltd.	382,982	861,622
Caitong Securities Co. Ltd.	147,400	160,049
Cambricon Technologies Corp. Ltd. (A Shares) (a)	12,223	180,441
Canmax Technologies Co. Ltd. (A Shares)	26,000	96,717
CECEP Solar Energy Co. Ltd. (A Shares)	118,600	93,075
CECEP Wind-Power Corp. (A Shares)	171,500	74,345
CETC Cyberspace Security Technology Co. Ltd. (A Shares)	26,300	79,305
CGN Power Co. Ltd. (H Shares) (b)	5,854,447	1,406,868
Changchun High & New Technology Industry Group, Inc. (A Shares)	12,000	255,458
Changjiang Securities Co. Ltd. (A Shares)	170,000	132,246
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. (A Shares)	8,800	175,975
Chaozhou Three-Circle Group Co. (A Shares)	60,300	254,673
Chengxin Lithium Group Co. Ltd. (A Shares)	28,000	89,943
Chifeng Jilong Gold Mining Co. Ltd. (A Shares) (a)	47,200	95,026
China Baoan Group Co. Ltd. (A Shares)	78,800	111,335
China Cinda Asset Management Co. Ltd. (H Shares)	4,826,000	469,295
China CITIC Bank Corp. Ltd. (H Shares)	4,662,051	2,079,780
China Coal Energy Co. Ltd. (H Shares)	1,093,000	858,515
China Communications Services Corp. Ltd. (H Shares)	1,314,000	537,461
China Conch Venture Holdings Ltd.	764,600	633,222
China Construction Bank Corp.:
(A Shares)	247,500	212,102
(H Shares)	50,206,000	28,394,410
China CSSC Holdings Ltd. (A Shares)	138,500	490,130
China Eastern Airlines Corp. Ltd. (A Shares) (a)	502,400	299,455
China Energy Engineering Corp. Ltd. (A Shares)	979,000	291,830
China Everbright Bank Co. Ltd.:
(A Shares)	1,274,900	517,537
(H Shares)	1,953,000	557,087
China Everbright International Ltd.	1,929,814	658,793
China Feihe Ltd. (b)	1,927,000	1,197,384
China Film Co. Ltd. (A Shares) (a)	55,200	90,202
China Galaxy Securities Co. Ltd.:
(A Shares)	98,300	163,027
(H Shares)	1,964,500	1,005,447
China Gas Holdings Ltd.	1,439,900	1,294,480
China Great Wall Securities Co. Ltd. (A Shares)	105,800	120,888
China Greatwall Technology Group Co. Ltd. (A Shares)	100,300	150,753
China Hongqiao Group Ltd.	1,246,200	1,166,710
China Huishan Dairy Holdings Co. Ltd. (a)(d)	2,302,000	3
China International Capital Corp. Ltd.	68,800	346,653
China International Capital Corp. Ltd. (H Shares) (b)	772,600	1,230,563
China Jinmao Holdings Group Ltd.	3,145,191	385,779
China Jushi Co. Ltd. (A Shares)	125,114	198,051
China Life Insurance Co. Ltd.:
(A Shares)	92,800	426,279
(H Shares)	3,859,747	5,227,637
China Literature Ltd. (a)(b)	213,500	718,958
China Longyuan Power Grid Corp. Ltd. (H Shares)	1,798,000	1,522,058
China Medical System Holdings Ltd.	711,000	1,136,959
China Meheco Co. Ltd. (A Shares)	47,000	76,818
China Meidong Auto Holding Ltd.	352,000	188,775
China Mengniu Dairy Co. Ltd.	1,652,000	5,394,006
China Merchants Bank Co. Ltd.:
(A Shares)	555,200	2,336,322
(H Shares)	2,137,421	8,107,868
China Merchants Energy Shipping Co. Ltd. (A Shares)	253,000	222,463
China Merchants Holdings International Co. Ltd.	748,242	952,463
China Merchants Securities Co. Ltd. (A Shares)	215,650	416,968
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares)	232,700	351,073
China Minmetals Rare Earth Co. Ltd. (A Shares)	30,700	125,902
China Minsheng Banking Corp. Ltd.:
(A Shares)	1,252,200	636,814
(H Shares)	3,250,061	1,080,518
China National Building Materials Co. Ltd. (H Shares)	2,034,000	968,176
China National Chemical Engineering Co. Ltd. (A Shares)	191,108	182,946
China National Medicines Corp. Ltd. (A Shares)	22,400	88,161
China National Nuclear Power Co. Ltd. (A Shares)	577,700	586,116
China National Software & Service Co. Ltd. (A Shares)	26,910	126,528
China Northern Rare Earth Group High-Tech Co. Ltd.	105,900	302,644
China Oilfield Services Ltd. (H Shares)	938,000	1,109,016
China Overseas Land and Investment Ltd.	1,989,702	3,754,786
China Overseas Property Holdings Ltd.	690,000	599,252
China Pacific Insurance (Group) Co. Ltd.	161,500	612,419
China Pacific Insurance (Group) Co. Ltd. (H Shares)	1,473,428	3,629,599
China Petroleum & Chemical Corp.:
(A Shares)	437,400	326,643
(H Shares)	13,822,704	7,069,454
China Power International Development Ltd.	2,660,619	1,034,011
China Railway Group Ltd.:
(A Shares)	562,200	464,998
(H Shares)	2,356,000	1,111,948
China Railway Signal & Communications Corp. (A Shares)	234,971	150,874
China Resource Gas Group Ltd.	487,500	1,441,112
China Resources Beer Holdings Co. Ltd.	852,144	4,509,263
China Resources Cement Holdings Ltd.	1,328,000	341,467
China Resources Land Ltd.	1,668,812	6,246,544
China Resources Microelectronics Ltd. (A Shares)	39,504	287,307
China Resources Mixc Lifestyle Services Ltd. (b)	357,000	1,392,807
China Resources Pharmaceutical Group Ltd. (b)	822,000	510,624
China Resources Power Holdings Co. Ltd.	1,018,940	1,974,595
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. (A Shares)	31,100	183,320
China Ruyi Holdings Ltd. (a)(c)	2,940,000	677,013
China Shenhua Energy Co. Ltd.:
(A Shares)	152,985	633,666
(H Shares)	1,837,202	5,630,973
China Southern Airlines Ltd.:
(A Shares) (a)	442,500	373,628
(H Shares) (a)	816,000	386,122
China State Construction Engineering Corp. Ltd. (A Shares)	1,261,840	893,236
China State Construction International Holdings Ltd.	1,065,500	1,141,300
China Taiping Insurance Group Ltd.	753,255	695,839
China Three Gorges Renewables Group Co. Ltd. (A Shares)	847,000	555,924
China Tourism Group Duty Free Corp. Ltd.:
(A Shares)	86,300	1,116,419
(H Shares) (b)	13,000	146,812
China Tower Corp. Ltd. (H Shares) (b)	23,465,000	2,188,132
China Traditional Chinese Medicine Holdings Co. Ltd.	1,612,000	794,307
China United Network Communications Ltd. (A Shares)	959,000	584,576
China Vanke Co. Ltd.:
(A Shares)	275,700	426,538
(H Shares)	1,199,300	1,122,013
China XD Electric Co. Ltd. (A Shares)	144,400	91,266
China Yangtze Power Co. Ltd. (A Shares)	740,600	2,285,180
China Zhenhua (Group) Science & Technology Co. Ltd. (A Shares)	16,200	148,235
China Zheshang Bank Co. Ltd.	662,350	231,000
ChinaSoft International Ltd.	1,420,000	1,030,235
Chongqing Brewery Co. Ltd. (A Shares)	15,100	162,047
Chongqing Changan Automobile Co. Ltd. (A Shares)	245,274	507,695
Chongqing Fuling Zhacai Group Co. Ltd. Group (A Shares)	35,360	74,685
Chongqing Rural Commercial Bank Co. Ltd. (A Shares)	245,800	142,825
Chongqing Taiji Industry Group Co. Ltd. (A Shares) (a)	16,400	94,109
Chongqing Zhifei Biological Products Co. Ltd. (A Shares)	70,950	608,228
Chow Tai Fook Jewellery Group Ltd.	1,054,400	1,488,944
CITIC Pacific Ltd.	3,034,941	2,579,514
CITIC Securities Co. Ltd.:
(A Shares)	280,000	831,319
(H Shares)	1,142,090	2,222,344
Cmoc Group Ltd.:
(A Shares)	597,400	453,056
(H Shares)	1,921,000	1,145,706
CNGR Advanced Material Co. Ltd.	19,000	141,364
CNNC Hua Yuan Titanium Dioxide Co. Ltd. (A Shares)	94,890	61,796
CNPC Capital Co. Ltd. (A Shares)	188,300	152,778
Contemporary Amperex Technology Co. Ltd.	133,220	3,383,436
COSCO Shipping Development Co. Ltd. (A Shares)	321,900	101,200
COSCO Shipping Energy Transportation Co. Ltd.:
(A Shares)	108,300	213,462
(H Shares)	680,000	721,162
COSCO SHIPPING Holdings Co. Ltd.:
(A Shares) (a)	330,720	442,005
(H Shares)	1,751,800	1,781,646
Cosco Shipping Ports Ltd.	754,473	455,168
Country Garden Holdings Co. Ltd. (a)(c)	6,470,662	578,624
Country Garden Services Holdings Co. Ltd.	1,144,000	999,292
CRRC Corp. Ltd.:
(A Shares)	791,300	578,058
(H Shares)	2,248,000	936,571
CSC Financial Co. Ltd. (A Shares)	128,600	425,368
CSPC Pharmaceutical Group Ltd.	4,687,608	4,094,484
Dajin Heavy Industry Co. Ltd.	19,700	74,635
Daqin Railway Co. Ltd. (A Shares)	456,700	450,222
Daqo New Energy Corp. ADR (a)	30,503	776,606
DaShenLin Pharmaceutical Group Co. Ltd.	35,673	116,140
Datang International Power Generation Co. Ltd. (A Shares)	295,700	104,705
DHC Software Co. Ltd. (A Shares)	101,700	87,654
Do-Fluoride New Materials Co. Ltd. (A Shares)	32,900	71,975
Dong-E-E-Jiao Co. Ltd. (A Shares)	20,300	128,807
Dongfang Electric Corp. Ltd. (A Shares)	86,100	175,441
Dongfeng Motor Group Co. Ltd. (H Shares)	1,381,000	607,950
Dongxing Securities Co. Ltd. (A Shares)	101,500	111,022
Dongyue Group Co. Ltd.	831,000	661,933
East Buy Holding Ltd. (a)(b)(c)	212,000	864,855
East Money Information Co. Ltd. (A Shares)	477,208	995,934
Eastroc Beverage Group Co. Ltd.	8,000	210,088
Ecovacs Robotics Co. Ltd. Class A	17,900	105,690
ENN Energy Holdings Ltd.	413,043	3,128,861
ENN Natural Gas Co. Ltd. (A Shares)	79,700	188,132
Eoptolink Technology, Inc. Ltd. (A Shares)	21,200	91,448
Eve Energy Co. Ltd. (A shares)	61,574	390,633
Everbright Securities Co. Ltd. (A Shares)	122,458	275,700
Everdisplay Optronics Shanghai Co. Ltd. (A Shares) (a)	330,422	118,365
Fangda Carbon New Material Co. Ltd. (A Shares) (a)	124,048	100,072
Far East Horizon Ltd.	659,000	463,697
Farasis Energy Gan Zhou Co. Ltd. (A Shares) (a)	34,876	84,015
FAW Jiefang Group Co. Ltd. (A Shares) (a)	96,100	121,117
First Capital Securities Co. Ltd. (A Shares)	133,400	106,701
Flat Glass Group Co. Ltd. (c)	220,000	395,094
Flat Glass Group Co. Ltd. (A Shares) (a)	53,600	189,320
Focus Media Information Technology Co. Ltd. (A Shares)	434,940	411,225
Foshan Haitian Flavouring & Food Co. Ltd. (A Shares)	137,976	710,251
Fosun International Ltd.	1,302,454	780,353
Founder Securities Co. Ltd. (A Shares)	238,500	247,236
Foxconn Industrial Internet Co. Ltd. (A Shares)	300,697	605,987
Fujian Sunner Development Co. Ltd. A Shares	38,000	93,481
Fuyao Glass Industries Group Co. Ltd.:
(A Shares)	52,300	266,168
(H Shares) (b)	340,400	1,551,915
G-bits Network Technology Xiamen Co. Ltd. (A Shares)	2,300	83,695
GalaxyCore, Inc. (A Shares)	47,998	120,863
Ganfeng Lithium Group Co. Ltd.:
(A Shares)	49,440	299,605
(H Shares) (b)	217,120	779,846
GCL Technology Holdings Ltd.	10,590,000	1,559,565
GD Power Development Co. Ltd. (A Shares)	520,000	258,729
GDS Holdings Ltd. Class A (a)	497,552	633,853
Geely Automobile Holdings Ltd.	3,165,517	3,593,891
GEM Co. Ltd. (A Shares)	152,100	121,901
Gemdale Corp. (A Shares)	140,500	99,172
Genscript Biotech Corp. (a)	610,000	1,773,372
GF Securities Co. Ltd.:
(A Shares)	212,700	431,570
(H Shares)	509,228	662,996
Giant Network Group Co. Ltd. (A Shares)	57,600	93,023
Gigadevice Semiconductor Beijing, Inc. (A Shares)	19,760	289,468
Ginlong Technologies Co. Ltd. (A Shares)	12,300	112,868
GoerTek, Inc. (A Shares)	100,000	246,931
Goldwind Science & Technology Co. Ltd. (A Shares)	110,800	133,254
Gongniu Group Co. Ltd. (A Shares)	13,100	189,360
GoodWe Technologies Co. Ltd. (A Shares)	5,060	80,836
Gotion High-tech Co. Ltd. (A Shares) (a)	56,400	175,622
Great Wall Motor Co. Ltd. (H Shares)	1,412,500	1,974,524
Gree Electric Appliances, Inc. of Zhuhai (A Shares)	84,200	390,612
Greenland Holdings Corp. Ltd. (A Shares) (a)	351,400	122,487
Greentown China Holdings Ltd.	527,500	511,750
GRG Banking Equipment Co. Ltd. (A Shares)	78,900	125,932
Guangdong Haid Group Co. Ltd. (A Shares)	49,000	301,695
Guangdong HEC Technology Holding Co. Ltd. (A Shares) (a)	95,800	93,209
Guangdong Investment Ltd.	1,513,126	1,032,530
Guanghui Energy Co. Ltd. (A Shares)	205,000	210,496
Guangzhou Automobile Group Co. Ltd.	261,900	358,997
Guangzhou Automobile Group Co. Ltd. (H Shares)	1,284,200	601,645
Guangzhou Baiyun International Airport Co. Ltd. (A Shares) (a)	68,400	99,039
Guangzhou Baiyunshan Pharma Health (A Shares)	44,100	179,707
Guangzhou Great Power Energy & Technology Co. Ltd. (A Shares)	14,300	60,300
Guangzhou Haige Communications Group (A Shares)	74,600	118,490
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares)	14,500	122,736
Guangzhou Shiyuan Electronic Technology Co. Ltd. (A Shares)	22,000	126,396
Guangzhou Tinci Materials Technology Co. Ltd. (A Shares)	56,500	215,007
Guangzhou Yuexiu Financial Holdings Group Co. Ltd. (A Shares)	129,431	116,143
Guolian Securities Co. Ltd. (a)	73,200	107,647
Guosen Securities Co. Ltd. (A Shares)	183,500	241,082
Guotai Junan Securities Co. Ltd. (A Shares)	216,900	438,169
Guoyuan Securities Co. Ltd. (A Shares)	135,170	127,947
H World Group Ltd. ADR (a)(c)	107,958	4,065,698
Haidilao International Holding Ltd. (b)	873,000	2,185,823
Haier Smart Home Co. Ltd.	1,288,000	3,673,800
Haier Smart Home Co. Ltd. (A Shares)	187,500	569,811
Hainan Airlines Co. Ltd. (A Shares) (a)	1,288,700	257,275
Hainan Airport Infrastructure Co. Ltd. (A Shares) (a)	324,600	169,117
Haitian International Holdings Ltd.	335,000	799,171
Haitong Securities Co. Ltd.:
(A Shares)	367,100	490,400
(H Shares)	1,274,800	731,973
Hangzhou Binjiang Real Estate Group Co. Ltd. (A Shares)	97,200	111,272
Hangzhou Chang Chuan Technology Co. Ltd.	19,000	106,122
Hangzhou First Applied Material Co. Ltd. (A Shares)	55,672	194,556
Hangzhou GreatStar Industrial Co. Ltd. (A Shares) (a)	34,700	94,032
Hangzhou Lion Electronics Co. Ltd. (A Shares)	21,300	93,719
Hangzhou Oxygen Plant Group Co. Ltd. (A Shares)	30,800	139,033
Hangzhou Robam Appliances Co. Ltd. (A Shares)	29,400	92,773
Hangzhou Silan Microelectronics Co. Ltd. (A Shares)	44,800	148,783
Hangzhou Tigermed Consulting Co. Ltd. (A Shares)	10,700	97,640
Hansoh Pharmaceutical Group Co. Ltd. (b)	624,000	1,174,052
Haohua Chemical Science & Technology Co. Ltd. (A Shares)	20,900	87,866
Hebei Hengshui Laobaigan Liquor Co. Ltd.	24,500	79,695
Hebei Yangyuan Zhihui Beverage Co. Ltd. (A Shares)	35,000	119,109
Heilongjiang Agriculture Co. Ltd. (A Shares)	58,000	101,016
Henan Shenhuo Coal & Power Co. Ltd. (A Shares)	71,100	159,858
Henan Shuanghui Investment & Development Co. Ltd. (A Shares)	102,600	367,304
Hengan International Group Co. Ltd.	347,900	1,165,221
Hengdian Group DMEGC Magnetics Co. Ltd. (A Shares)	50,900	101,367
Hengli Petrochemical Co. Ltd. (A Shares) (a)	208,320	417,411
Hengtong Optic-electric Co. Ltd. (A Shares)	73,500	132,550
Hengyi Petrochemical Co. Ltd. (A Shares) (a)	120,280	118,267
Hesteel Co. Ltd. (A Shares)	340,100	104,148
Hisense Electric Co. Ltd.	38,700	123,185
Hithink RoyalFlush Information Network Co. Ltd. (A Shares)	16,700	320,805
Hongfa Technology Co. Ltd. (A Shares)	16,980	67,393
Hoshine Silicon Industry Co. Ltd. (A Shares)	22,200	173,744
Hoymiles Power Electronics, Inc. (A Shares)	2,372	72,655
Hoyuan Green Energy Co. Ltd. (A Shares)	16,209	82,789
Hua Hong Semiconductor Ltd. (a)(b)	312,000	768,170
Huadian Power International Corp. Ltd. (A Shares)	253,200	169,836
Huadong Medicine Co. Ltd. (A Shares)	52,400	307,911
Huafon Chemical Co. Ltd. (A Shares)	159,700	158,391
Huagong Tech Co. Ltd. (A Shares)	27,500	106,293
Huaibei Mining Holdings Co. Ltd. (A Shares)	79,600	159,586
Hualan Biological Engineer, Inc. (A Shares)	53,370	171,270
Huaneng Power International, Inc.:
(A Shares) (a)	319,600	332,535
(H Shares) (a)	2,162,186	1,011,800
Huatai Securities Co. Ltd.:
(A Shares)	189,400	415,171
(H Shares) (b)	750,400	982,426
HUAXI Securities Co. Ltd.	80,700	87,458
Huaxia Bank Co. Ltd. (A Shares)	391,758	299,977
Huayu Automotive Systems Co. Ltd. (A Shares)	98,300	235,800
Hubei Feilihua Quartz Glass Co. Ltd. (A Shares)	15,700	85,022
Hubei Jumpcan Pharmaceutical Co. Ltd. (A Shares)	28,300	104,867
Hubei Xingfa Chemicals Group Co. Ltd. (A Shares)	34,100	91,622
Huizhou Desay SV Automotive Co. Ltd.	16,600	285,018
Humanwell Healthcare Group Co. Ltd. (A Shares)	51,300	164,043
Hunan Changyuan Lico Co. Ltd. (A Shares)	61,437	71,631
Hunan Valin Steel Co. Ltd. (A Shares)	221,600	176,587
Hundsun Technologies, Inc. (A Shares)	57,119	243,281
Hygeia Healthcare Holdings Co. (b)	184,200	1,112,212
iFlytek Co. Ltd. (A Shares)	69,100	431,110
IMEIK Technology Development Co. Ltd. (A Shares)	6,700	302,132
Industrial & Commercial Bank of China Ltd.:
(A Shares)	4,401,000	2,846,460
(H Shares)	30,390,000	14,564,248
Industrial Bank Co. Ltd. (A Shares)	619,100	1,276,802
Industrial Securities Co. Ltd. (A Shares)	266,670	227,573
Ingenic Semiconductor Co. Ltd. (A Shares)	15,300	154,547
Inner Mongoli Yili Industries Co. Ltd. (A Shares)	190,200	713,179
Inner Mongolia Baotou Steel Union Co. Ltd. (A Shares) (a)	1,313,500	291,067
Inner Mongolia Dian Tou Energy Corp. Ltd.	60,800	113,127
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. (A Shares)	230,600	126,130
Inner Mongolia Yitai Coal Co. Ltd. (B Shares) (a)	631,290	866,427
Inner Mongolia Yuan Xing Energy Co. Ltd. (A Shares)	113,000	105,131
Innovent Biologics, Inc. (a)(b)	605,000	3,565,364
Inspur Electronic Information Industry Co. Ltd. (A Shares)	45,972	186,329
iQIYI, Inc. ADR (a)	231,280	1,077,765
iRay Technology Co. Ltd. (A Shares)	3,046	93,864
iSoftStone Information Technology Group Co. Ltd. (A Shares)	27,450	134,256
JA Solar Technology Co. Ltd. (A Shares)	100,304	307,336
Jason Furniture Hangzhou Co. Ltd. (A Shares)	25,720	130,223
JCET Group Co. Ltd. (A Shares)	56,900	240,181
JD Health International, Inc. (a)(b)	582,150	2,644,288
JD Logistics, Inc. (a)(b)	1,042,100	1,233,947
JD.com, Inc. Class A	1,224,050	15,561,546
Jiangsu Eastern Shenghong Co. Ltd.	191,200	278,200
Jiangsu Expressway Co. Ltd. (H Shares)	658,000	598,216
Jiangsu Hengli Hydraulic Co. Ltd.	41,676	320,808
Jiangsu Hengrui Medicine Co. Ltd. (A Shares)	192,658	1,261,800
Jiangsu King's Luck Brewery JSC Ltd. (A Shares)	37,300	298,291
Jiangsu Nhwa Pharmaceutical Co. Ltd. (A Shares)	29,700	106,759
Jiangsu Pacific Quartz Co. Ltd. (A Shares)	11,400	143,346
Jiangsu Phoenix Publishing & Media Corp. Ltd.	76,100	99,975
Jiangsu Yanghe Brewery JSC Ltd. (A Shares)	45,100	752,196
Jiangsu Yangnong Chemical Co. Ltd. (A Shares)	12,870	118,843
Jiangsu Yoke Technology Co. Ltd. (A Shares)	14,800	116,879
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (A Shares)	31,400	144,423
Jiangsu Zhongtian Technology Co. Ltd. (A Shares)	101,000	193,476
Jiangxi Copper Co. Ltd.:
(A Shares)	83,300	208,821
(H Shares)	584,000	825,751
Jiangxi Special Electric Motor Co. Ltd. (A Shares) (a)	52,400	85,802
Jinduicheng Molybdenum Co. Ltd. (A Shares)	91,100	125,076
Jinko Solar Co. Ltd. (A Shares)	194,730	252,683
JiuGui Liquor Co. Ltd. (A Shares)	10,000	104,487
Jiumaojiu International Holdings Ltd. (b)	497,000	540,795
Jizhong Energy Resources Co. Ltd. (A Shares)	112,700	98,943
Joincare Pharmaceutical Group Industry Co. Ltd. (A Shares)	56,200	91,095
Jointown Pharmaceutical Group (A Shares)	123,074	119,792
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. (A Shares) (a)	24,300	111,639
JOYY, Inc. ADR	23,693	922,132
Juewei Food Co. Ltd.	18,600	89,825
Juneyao Airlines Co. Ltd. (A shares) (a)	64,600	128,829
Kangmei Pharmaceutical Co. Ltd. rights (a)(d)	18,271	0
Kanzhun Ltd. ADR (a)	114,357	1,692,484
KE Holdings, Inc. ADR	343,119	5,047,280
Keda Industrial Group Co. Ltd.	58,500	87,141
Kingboard Chemical Holdings Ltd.	347,900	847,233
Kingdee International Software Group Co. Ltd. (a)	1,451,000	1,925,286
Kingnet Network Co. Ltd. (A Shares)	64,400	95,029
Kingsoft Corp. Ltd.	498,400	1,739,156
Kuaishou Technology Class B (a)(b)	1,209,600	7,789,639
Kuang-Chi Technologies Co. Ltd. (A Shares)	67,600	129,322
Kunlun Energy Co. Ltd.	2,061,000	1,717,027
Kunlun Tech Co. Ltd. (A Shares) (a)	35,500	152,800
Kweichow Moutai Co. Ltd. (A Shares)	38,100	8,776,496
Lb Group Co. Ltd. (A Shares)	75,800	192,956
Lenovo Group Ltd.	3,797,000	4,418,691
Lens Technology Co. Ltd. (A Shares)	145,400	259,804
Lepu Medical Technology Beijing Co. Ltd. (A Shares)	56,900	134,022
Li Auto, Inc. Class A (a)	585,636	9,905,230
Li Ning Co. Ltd.	1,237,500	3,792,200
Liaoning Port Co. Ltd. (A Shares)	562,700	116,130
Lingyi iTech Guangdong Co. (A Shares)	218,900	181,993
Livzon Pharmaceutical Group, Inc. (A Shares)	19,100	91,436
Longfor Properties Co. Ltd. (b)	989,095	1,439,886
LONGi Green Energy Technology Co. Ltd.	228,599	754,694
Lufax Holding Ltd. ADR	361,053	344,733
Luxi Chemical Group Co. Ltd.	61,500	95,479
Luxshare Precision Industry Co. Ltd. (A Shares)	214,524	963,449
Luzhou Laojiao Co. Ltd. (A Shares)	44,400	1,300,721
Mango Excellent Media Co. Ltd. (A Shares)	56,170	194,191
Maxscend Microelectronics Co. Ltd. (A Shares)	16,028	330,744
Meihua Holdings Group Co. Ltd. (A Shares)	92,700	120,420
Meinian Onehealth Healthcare Holdings Co. Ltd. (A Shares) (a)	121,488	102,438
Meituan Class B (a)(b)	2,643,420	37,470,516
Metallurgical Corp. China Ltd. (A Shares)	560,500	253,673
Microport Scientific Corp. (a)	434,300	684,357
Ming Yang Smart Energy Group Ltd. (A Shares)	72,600	138,812
MINISO Group Holding Ltd. ADR	49,704	1,258,008
Minth Group Ltd.	396,000	883,962
Montage Technology Co. Ltd. (A Shares)	33,848	255,218
Muyuan Foodstuff Co. Ltd. (A Shares)	164,554	848,762
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd.	49,253	85,195
Nanjing Securities Co. Ltd. (A Shares)	92,500	101,723
NARI Technology Co. Ltd. (A Shares)	238,675	737,076
National Silicon Industry Group Co. Ltd. (A Shares) (a)	81,486	202,244
NAURA Technology Group Co. Ltd.	15,700	550,736
NavInfo Co. Ltd. (A Shares) (a)	77,300	105,751
NetEase, Inc.	1,008,020	21,573,191
New China Life Insurance Co. Ltd.	46,800	213,920
New China Life Insurance Co. Ltd. (H Shares)	480,500	1,054,054
New Hope Liuhe Co. Ltd. (A Shares) (a)	139,900	194,181
New Oriental Education & Technology Group, Inc. (a)	784,110	5,112,427
Ninestar Corp. (A Shares)	44,100	147,959
Ningbo Deye Technology Co. Ltd. (A Shares)	12,660	119,799
Ningbo Joyson Electronic Corp. (A shares)	41,500	107,033
Ningbo Orient Wires & Cables Co. Ltd. (A Shares)	21,100	121,509
Ningbo Ronbay New Energy Technology Co. Ltd. (A Shares)	13,650	82,703
Ningbo Shanshan Co. Ltd. (A Shares)	66,800	127,902
Ningbo Tuopu Group Co. Ltd. (A Shares)	33,000	291,547
Ningxia Baofeng Energy Group Co. Ltd.	215,200	424,403
NIO, Inc. sponsored ADR (a)(c)	722,055	5,271,002
Nongfu Spring Co. Ltd. (H Shares) (b)	929,800	5,295,902
North Industries Group Red Arrow Co. Ltd. (A Shares)	41,900	81,712
Offcn Education Technology Co. A Shares (a)	193,800	104,700
Offshore Oil Enginering Co. Ltd. (A Shares)	137,300	116,673
Oppein Home Group, Inc. (A Shares)	14,980	178,288
Orient Securities Co. Ltd. (A Shares)	216,839	257,219
Oriental Pearl Group Co. Ltd.	101,400	102,373
Ovctek China, Inc. (A Shares)	28,089	96,882
Pangang Group Vanadium Titanium & Resources Co. Ltd. (A Shares) (a)	269,000	128,476
PDD Holdings, Inc. ADR (a)	311,502	31,592,533
People's Insurance Co. of China Group Ltd.:
(A Shares)	359,300	262,340
(H Shares)	4,414,552	1,456,623
People.cn Co. Ltd. (A Shares)	33,400	148,107
Perfect World Co. Ltd. (A Shares)	60,700	99,650
PetroChina Co. Ltd.:
(A Shares)	735,100	716,203
(H Shares)	10,905,790	7,118,380
Pharmaron Beijing Co. Ltd. (A Shares)	43,800	199,224
PICC Property & Casualty Co. Ltd. (H Shares)	3,603,568	4,115,113
Ping An Bank Co. Ltd. (A Shares)	571,500	817,583
Ping An Healthcare and Technology Co. Ltd. (a)(b)(c)	299,600	699,844
Ping An Insurance Group Co. of China Ltd.:
(A Shares)	336,996	2,094,319
(H Shares)	3,492,141	17,713,804
Piotech, Inc. (A Shares)	5,616	194,075
Poly Developments & Holdings (A Shares)	356,400	536,482
Pop Mart International Group Ltd. (b)	250,800	692,336
Postal Savings Bank of China Co. Ltd.	708,700	442,783
Postal Savings Bank of China Co. Ltd. (H Shares) (b)	4,456,000	2,033,849
Power Construction Corp. of China Ltd. (A Shares)	513,700	369,458
Pylon Technologies Co. Ltd. (Series A)	5,525	86,041
Qi An Xin Technology Group, Inc. (A Shares) (a)	19,910	125,612
Qifu Technology, Inc. ADR	59,768	883,969
Qinghai Salt Lake Potash Co. Ltd. Class A (a)	167,100	386,946
Raytron Technology Co. Ltd. (A Shares)	13,912	89,606
Risen Energy Co. Ltd. (A Shares)	36,600	88,891
Riyue Heavy Industry Co. Ltd. (A Shares)	31,700	61,007
Rockchip Electronics Co. Ltd.	8,900	79,317
Rongsheng Petrochemical Co. Ltd. (A Shares)	303,400	472,642
SAIC Motor Corp. Ltd. (A Shares)	226,600	450,000
Sailun Group Co. Ltd. A Shares	90,600	139,143
Sanan Optoelectronics Co. Ltd. (A Shares)	149,500	304,333
Sangfor Technologies, Inc. (a)	12,400	142,277
Sany Heavy Equipment International Holdings Co. Ltd.	585,000	768,466
Sany Heavy Industry Co. Ltd. (A Shares)	253,500	501,338
Satellite Chemical Co. Ltd. (A Shares)	105,230	233,923
SDIC Capital Co. Ltd.	196,900	183,991
SDIC Power Holdings Co. Ltd. (A Shares)	221,200	369,034
Seazen Holdings Co. Ltd. (A Shares) (a)	70,200	114,019
Seres Group Co. Ltd. (A Shares) (a)	46,200	515,748
SF Holding Co. Ltd. (A Shares)	146,400	785,651
SG Micro Corp. (A Shares)	14,592	178,962
Shaanxi Coal Industry Co. Ltd. (A Shares)	288,000	710,165
Shan Xi Hua Yang Group New Energy Co. Ltd.	112,350	123,912
Shandong Buchang Pharmaceuticals Co. Ltd. (A Shares)	34,188	81,066
Shandong Gold Mining Co. Ltd.:
(A Shares)	140,644	456,748
(H Shares) (b)	333,500	624,788
Shandong Himile Mechanical Science & Technology Co. Ltd. (A Shares)	23,400	102,890
Shandong Hualu Hengsheng Chemical Co. Ltd. (A Shares)	66,800	293,852
Shandong Linglong Tyre Co. Ltd. (A Shares)	44,700	122,369
Shandong Nanshan Aluminum Co. Ltd. (A Shares)	367,800	155,896
Shandong Sun Paper Industry JSC Ltd. (A Shares)	83,100	141,274
Shandong Weigao Medical Polymer Co. Ltd. (H Shares)	1,307,200	1,213,332
Shanghai Aiko Solar Energy Co. Ltd. (A Shares)	57,820	154,962
Shanghai Bairun Investment Holding Group Co. Ltd. (A Shares)	32,660	117,581
Shanghai Baosight Software Co. Ltd.	322,962	664,214
Shanghai Baosight Software Co. Ltd. (A Shares)	65,068	379,500
Shanghai Construction Group Co. Ltd. (A Shares)	285,794	102,788
Shanghai Electric Group Co. Ltd. (A Shares) (a)	397,600	241,407
Shanghai Electric Power Co. Ltd. (A Shares)	88,600	105,854
Shanghai Fosun Pharmaceutical (Group) Co. Ltd.:
(A Shares)	90,900	353,584
(H Shares)	235,500	543,405
Shanghai Friendess Electronic Technology Corp. Ltd. (A Shares)	4,341	143,444
Shanghai Fudan Microelectronics Group Co. Ltd. (A Shares)	15,590	103,245
Shanghai International Airport Co. Ltd. (A Shares) (a)	38,600	196,406
Shanghai International Port Group Co. Ltd. (A Shares)	205,143	140,239
Shanghai Jinjiang International Hotels Co. Ltd. (A Shares)	28,400	127,537
Shanghai Junshi Biosciences Co. Ltd. (A Shares) (a)	23,119	144,999
Shanghai Lingang Holdings Corp. Ltd. (A Shares)	71,300	104,594
Shanghai M&G Stationery, Inc. (A Shares)	28,300	149,964
Shanghai Moons' Electric Co. Ltd. (A Shares)	12,500	112,688
Shanghai Pharmaceuticals Holding Co. Ltd.:
(A Shares)	150,400	370,639
(H Shares)	296,909	431,943
Shanghai Pudong Development Bank Co. Ltd. (A Shares)	867,209	808,714
Shanghai Putailai New Energy Technology Co. Ltd.	58,974	201,777
Shanghai RAAS Blood Products Co. Ltd. (A Shares)	198,200	189,308
Shanghai Rural Commercial Bank Co. Ltd. (A Shares)	273,800	223,104
Shanghai Yuyuan Tourist Mart Group Co. Ltd.	116,900	103,868
Shanxi Coal International Energy Group Co. Ltd. (A Shares)	54,400	121,239
Shanxi Lu'an Environmental Energy Development Co. Ltd. (A Shares)	93,700	243,814
Shanxi Meijin Energy Co. Ltd. (A Shares) (a)	131,800	126,397
Shanxi Securities Co. Ltd. (A Shares)	113,460	87,164
Shanxi Taigang Stainless Steel Co. Ltd. (A Shares)	183,800	98,269
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. (A Shares)	36,860	1,245,240
Shanxi Xishan Coal & Electricity Power Co. Ltd. (A Shares)	157,890	186,784
Shede Spirits Co. Ltd. (A Shares)	9,500	149,607
Shenergy Co. Ltd. (A Shares)	141,900	114,278
Shenghe Resources Holding Co. Ltd. (A Shares)	53,800	78,668
Shengyi Technology Co. Ltd.	74,500	179,172
Shennan Circuits Co. Ltd. (A Shares)	16,340	155,470
Shenwan Hongyuan Group Co. Ltd. (A Shares)	656,300	393,852
Shenzhen Capchem Technology Co. Ltd. (A Shares)	23,220	140,145
Shenzhen Dynanonic Co. Ltd. (A Shares)	8,640	92,944
Shenzhen Energy Group Co. Ltd. (A Shares)	144,660	122,196
Shenzhen Inovance Technology Co. Ltd. (A Shares)	39,500	326,579
Shenzhen International Holdings Ltd.	760,519	501,276
Shenzhen Kaifa Technology Co. Ltd. (A Shares)	41,700	98,110
Shenzhen Kangtai Biological Products Co. Ltd.	33,520	139,017
Shenzhen Kedali Industry Co. Ltd.	7,800	96,899
Shenzhen Kstar Science & Technology Co. Ltd. (A Shares)	18,200	64,930
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a)	37,100	1,450,366
Shenzhen New Industries Biomedical Engineering Co. Ltd.	24,700	232,345
Shenzhen Overseas Chinese Town Co. Ltd. (A Shares) (a)	253,400	125,255
Shenzhen Salubris Pharmaceuticals Co. Ltd. (A Shares)	35,000	155,837
Shenzhen SC New Energy Technology Corp. (A Shares)	10,900	108,817
Shenzhen Sed Industry Co. Ltd. (A Shares)	33,700	88,307
Shenzhen Senior Technology Material Co. Ltd. (A Shares)	38,758	81,435
Shenzhen Sunlord Electronics Co. Ltd. (A Shares)	24,800	99,006
Shenzhen Transsion Holdings Co. Ltd. (A Shares) (a)	24,352	447,602
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares)	29,800	106,996
Shenzhou International Group Holdings Ltd.	431,600	4,239,379
Shijiazhuang Yiling Pharmaceutical Co. Ltd. (A Shares)	52,260	158,793
Shuangliang Eco-Energy Systems Ltd. (A Shares)	46,200	59,142
Sichuan Chuantou Energy Co. Ltd. (A Shares)	131,400	264,282
Sichuan Hebang Biotechnology Co. Ltd. (A Shares)	286,600	93,296
Sichuan Kelun Pharmaceutical Co. Ltd. (A Shares)	44,300	166,429
Sichuan New Energy Power Co. Ltd. (A Shares) (a)	45,200	72,426
Sichuan Road & Bridge (Group) Co. Ltd. (A Shares)	221,760	233,759
Sichuan Swellfun Co. Ltd. (A Shares)	15,100	126,217
Sichuan Yahua Industrial Group Co. Ltd. (A Shares)	37,200	71,662
Sieyuan Electric Co. Ltd. (A Shares)	23,600	159,092
Silergy Corp.	170,000	1,518,263
Sinolink Securities Co. Ltd. (A Shares)	103,900	129,865
Sinoma International Engineering Co. Ltd. (A Shares)	76,700	103,448
Sinoma Science & Technology Co. Ltd. (A Shares)	52,200	123,429
Sinomine Resource Group Co. Ltd. (A Shares)	20,272	103,658
Sinopec Shanghai Petrochemical Co. Ltd. (A Shares) (a)	239,600	98,024
Sinopharm Group Co. Ltd. (H Shares)	702,200	1,679,159
Sinotruk Hong Kong Ltd.	361,500	680,886
SKSHU Paint Co. Ltd. (A Shares)	16,548	134,727
Smoore International Holdings Ltd. (b)(c)	939,000	723,648
Songcheng Performance Development Co. Ltd. (A Shares)	80,160	120,399
Soochow Securities Co. Ltd. (A Shares)	152,860	167,640
Southwest Securities Co. Ltd. (A Shares)	202,500	113,523
Spring Airlines Co. Ltd. (A Shares) (a)	31,000	232,098
StarPower Semiconductor Ltd. (A Shares)	5,400	127,142
Sungrow Power Supply Co. Ltd. (A Shares)	44,800	516,373
Sunny Optical Technology Group Co. Ltd.	372,900	3,124,132
Sunresin New Materials Co. Ltd. (A Shares)	14,450	107,406
Sunwoda Electronic Co. Ltd. (A Shares)	52,400	115,435
SUPCON Technology Co. Ltd. (A Shares)	22,680	135,357
Suzhou Dongshan Precision Manufacturing Co. Ltd. (A Shares)	53,300	136,527
Suzhou Maxwell Technologies Co. Ltd. (A Shares)	8,640	142,690
Suzhou TFC Optical Communication Co. Ltd. (A Shares)	11,800	115,403
TAL Education Group ADR (a)	230,447	2,021,020
Tangshan Jidong Cement Co. Ltd. A Shares	84,900	83,023
TBEA Co. Ltd. (A Shares)	146,700	280,809
TCL Technology Group Corp. (A Shares)	556,570	299,337
TCL Zhonghuan Renewable Energy Technology Co. Ltd. (A Shares)	119,375	301,444
Tencent Holdings Ltd.	3,491,200	129,204,969
Tencent Music Entertainment Group ADR (a)	392,051	2,846,290
Thunder Software Technology Co. Ltd. (A Shares)	14,300	137,429
Tianjin 712 Communication & Broadcasting Co. Ltd.	24,300	88,423
Tianma Microelectronics Co. Ltd. (A Shares) (a)	81,700	109,482
Tianqi Lithium Corp. (A Shares)	44,500	334,892
Tianshan Aluminum Group Co. Ltd.	122,400	108,432
Tianshui Huatian Technology Co. Ltd. (A Shares)	104,900	128,142
Tingyi (Cayman Islands) Holding Corp.	1,045,000	1,387,041
Titan Wind Energy Suzhou Co. Ltd. (A Shares) (a)	55,300	100,880
Tongcheng Travel Holdings Ltd. (a)	652,000	1,245,614
TongFu Microelectronics Co. Ltd. (A Shares)	48,200	135,356
Tongkun Group Co. Ltd. (A Shares) (a)	74,600	147,387
Tongling Nonferrous Metals Group Co. Ltd. (A Shares)	332,600	141,299
Tongwei Co. Ltd. (A Shares)	135,600	506,616
Topchoice Medical Corp. (a)	10,000	122,557
Topsports International Holdings Ltd. (b)	978,000	822,441
TravelSky Technology Ltd. (H Shares)	498,000	786,707
Trina Solar Co. Ltd. (A Shares)	67,540	275,843
Trip.com Group Ltd. (a)	286,393	9,760,739
Tsingtao Brewery Co. Ltd.:
(A Shares)	19,800	226,308
(H Shares)	334,000	2,532,899
Uni-President China Holdings Ltd.	727,000	494,790
Unigroup Guoxin Microelectronics Co. Ltd. (a)	25,439	262,330
Unisplendour Corp. Ltd. (A Shares) (a)	85,810	230,299
Universal Scientific Industrial Shanghai Co. Ltd. (A Shares)	53,600	106,482
Verisilicon Microelectronics Shanghai Co. Ltd. (A Shares) (a)	13,758	100,415
Vipshop Holdings Ltd. ADR (a)	177,788	2,535,257
Walvax Biotechnology Co. Ltd. (A Shares)	51,800	164,937
Wanda Film Holding Co. Ltd. (A Shares) (a)	67,400	115,127
Wanhua Chemical Group Co. Ltd. (A Shares)	93,800	1,138,049
Want Want China Holdings Ltd.	2,530,418	1,572,300
Weibo Corp. sponsored ADR	42,609	504,064
Weichai Power Co. Ltd.:
(A Shares)	172,100	327,144
(H Shares)	1,086,000	1,625,549
Weihai Guangwei Composites Co. Ltd. (A Shares)	25,440	89,116
Wens Foodstuffs Group Co. Ltd. (A Shares)	196,700	505,279
Western Mining Co. Ltd. (A Shares)	75,000	128,965
Western Securities Co. Ltd. (A Shares)	139,500	127,005
Western Superconducting Technologies Co. Ltd. (A Shares)	20,343	128,630
Will Semiconductor Ltd.	36,430	549,754
Wingtech Technology Co. Ltd. (A Shares) (a)	38,800	264,158
Wintime Energy Group Co. Ltd. (A Shares) (a)	597,400	111,926
Wuchan Zhongda Group Co. Ltd.	168,600	105,363
Wuhan Guide Infrared Co. Ltd. (A Shares)	134,368	145,587
Wuliangye Yibin Co. Ltd. (A Shares)	117,200	2,498,833
WUS Printed Circuit Kunshan Co. Ltd. (A Shares)	58,860	157,647
WuXi AppTec Co. Ltd.	85,284	1,008,540
WuXi AppTec Co. Ltd. (H Shares) (b)(c)	185,268	2,226,281
Wuxi Autowell Technology Co. Ltd. (A Shares)	4,855	90,718
Wuxi Biologics (Cayman), Inc. (a)(b)	1,994,000	12,398,177
XCMG Construction Machinery Co. Ltd. (A Shares)	346,200	271,196
Xiamen C&D, Inc. (A Shares)	95,025	127,001
Xiamen Faratronic Co. Ltd. (A Shares)	7,000	95,540
Xiamen Tungsten Co. Ltd. (A Shares)	44,800	103,847
Xiaomi Corp. Class B (a)(b)	8,003,400	14,350,289
Xinjiang Daqo New Energy Co. Ltd. (A Shares)	53,526	261,445
Xinyi Solar Holdings Ltd.	2,563,538	1,508,666
XPeng, Inc. Class A (a)	540,550	3,928,056
XTEP International Holdings Ltd.	765,500	695,941
Yadea Group Holdings Ltd. (b)	644,000	1,175,532
Yangzhou Yangjie Electronic Technology Co. Ltd. (A Shares)	16,300	84,649
Yankuang Energy Group Co. Ltd.:
(A Shares)	124,500	332,621
(H Shares)	1,186,000	2,059,796
Yantai Jereh Oilfield Services (A Shares)	31,100	121,628
Yealink Network Technology Corp. Ltd.	40,670	185,582
Yifeng Pharmacy Chain Co. Ltd.	31,570	141,449
Yihai International Holding Ltd.	276,000	502,292
Yihai Kerry Arawana Holdings Co. Ltd. (A Shares)	45,000	215,242
Yintai Gold Co. Ltd. (A Shares)	86,880	160,770
Yonghui Superstores Co. Ltd. (A Shares) (a)	270,500	113,897
YongXing Special Materials Technology Co. Ltd. (A Shares)	16,770	114,718
Yonyou Network Technology Co. Ltd. (A Shares)	102,820	230,343
Youngor Group Co. Ltd. (A Shares)	135,387	124,963
YTO Express Group Co. Ltd. (A Shares)	107,400	199,483
Yuan Longping High-tech Agriculture Co. Ltd. (A Shares) (a)	40,700	91,741
Yuexiu Property Co. Ltd.	836,380	869,967
Yum China Holdings, Inc.	218,086	11,462,600
Yunda Holding Co. Ltd. (A Shares)	90,460	112,773
Yunnan Aluminium Co. Ltd. (A Shares)	109,200	207,624
Yunnan Baiyao Group Co. Ltd. (A Shares)	53,660	372,921
Yunnan Botanee Bio-Technology Group Co., Ltd. (A Shares)	12,500	134,819
Yunnan Chihong Zinc & Germanium Co. Ltd. (A Shares)	142,500	100,798
Yunnan Energy New Material Co. Ltd.	28,400	260,723
Yunnan Tin Co. Ltd. (A Shares)	49,600	95,831
Yunnan Yuntianhua Co. Ltd. (Series A)	57,100	130,045
Yutong Bus Co. Ltd.	63,900	119,160
Zai Lab Ltd. (a)	491,220	1,253,621
Zangge Mining Co. Ltd. (Series A)	48,900	149,683
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. (A Shares)	18,200	622,951
Zhaojin Mining Industry Co. Ltd. (H Shares)	683,500	847,368
Zhefu Holding Group Co. Ltd. (A Shares)	174,400	88,213
Zhejiang Century Huatong Group Co. Ltd. (A Shares) (a)	232,310	187,738
Zhejiang China Commodities City Group Co. Ltd. (A Shares)	169,500	180,379
Zhejiang Chint Electric Co. Ltd. (A Shares)	66,500	210,171
Zhejiang Dahua Technology Co. Ltd. (A Shares) (a)	99,800	278,630
Zhejiang Dingli Machinery Co. Ltd. (A Shares)	15,740	117,241
Zhejiang Expressway Co. Ltd. (H Shares)	672,000	505,838
Zhejiang Huahai Pharmaceutical Co. Ltd. (A Shares)	45,490	100,604
Zhejiang Huayou Cobalt Co. Ltd. (A Shares)	47,215	237,677
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. (A Shares)	40,600	241,487
Zhejiang Jiuzhou Pharmaceutical Co. Ltd. (A Shares)	27,700	112,591
Zhejiang Juhua Co. Ltd. (A Shares)	84,300	174,561
Zhejiang Longsheng Group Co. Ltd. (A Shares)	84,600	102,946
Zhejiang NHU Co. Ltd. (A Shares)	96,436	213,272
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares)	53,400	195,480
Zhejiang Supor Cookware Co. Ltd.	16,400	112,479
Zhejiang Weiming Enviroment Protection Co. Ltd. (A Shares)	52,130	127,892
Zhejiang Weixing New Building Materials Co. Ltd. (A Shares)	50,300	113,399
Zhejiang Zheneng Electric Power Co. Ltd. (A Shares) (a)	330,300	207,712
Zheshang Securities Co. Ltd.	122,400	168,607
ZhongAn Online P & C Insurance Co. Ltd. (H Shares) (a)(b)	372,300	1,020,332
Zhongji Innolight Co. Ltd. (A Shares)	25,000	301,236
Zhongjin Gold Co. Ltd. (A Shares)	143,300	213,081
Zhongsheng Group Holdings Ltd. Class H	438,600	1,012,857
Zhongtai Securities Co. Ltd. (A Shares)	198,700	194,534
Zhuzhou CRRC Times Electric Co. Ltd.:
(A Shares)	15,617	82,686
(H Shares)	285,627	921,823
Zhuzhou Kibing Group Co. Ltd. (A Shares)	83,600	91,216
Zibo Qixiang Tengda Chemical Co. Ltd. (A Shares)	72,500	58,003
Zijin Mining Group Co. Ltd.:
(A Shares) (a)	366,600	621,899
(H Shares)	3,148,000	4,869,679
Zoomlion Heavy Industry Science and Technology Co. Ltd. (A Shares)	193,500	169,830
ZTE Corp.:
(A Shares)	139,200	497,803
(H Shares)	372,800	828,458
ZTO Express, Inc. sponsored ADR	223,898	5,277,276
TOTAL CHINA		972,223,200
Colombia - 0.1%
Bancolombia SA	123,210	878,575
Interconexion Electrica SA ESP	226,854	799,170
TOTAL COLOMBIA		1,677,745
Czech Republic - 0.2%
CEZ A/S (c)	84,565	3,618,465
Komercni Banka A/S	43,215	1,265,637
MONETA Money Bank A/S (b)	180,736	698,237
TOTAL CZECH REPUBLIC		5,582,339
Egypt - 0.1%
Commercial International Bank SAE	1,343,412	2,621,663
Eastern Co. SAE	554,691	471,734
EFG-Hermes Holding SAE	589,184	318,169
TOTAL EGYPT		3,411,566
Greece - 0.4%
Alpha Bank SA (a)	1,170,528	1,746,335
Eurobank Ergasias Services and Holdings SA (a)	1,358,384	2,216,326
Ff Group (a)(d)	1,944	0
Hellenic Telecommunications Organization SA	102,399	1,433,449
Jumbo SA	60,979	1,604,014
Motor Oil (HELLAS) Corinth Refineries SA	34,727	826,754
Mytilineos SA	56,169	2,078,946
National Bank of Greece SA (a)	286,892	1,639,226
OPAP SA	97,924	1,657,814
Piraeus Financial Holdings SA (a)	358,975	1,059,730
Public Power Corp. of Greece (a)	108,370	1,104,236
TOTAL GREECE		15,366,830
Hong Kong - 0.1%
Kingboard Laminates Holdings Ltd.	497,500	466,551
Nine Dragons Paper (Holdings) Ltd.	875,000	498,120
Orient Overseas International Ltd.	70,000	882,686
Sino Biopharmaceutical Ltd.	5,435,750	2,111,676
Vinda International Holdings Ltd. (c)	190,000	469,534
TOTAL HONG KONG		4,428,567
Hungary - 0.2%
MOL Hungarian Oil and Gas PLC Series A (For. Reg.)	236,921	1,885,144
OTP Bank PLC	124,498	4,632,727
Richter Gedeon PLC	74,366	1,743,677
TOTAL HUNGARY		8,261,548
India - 14.8%
ABB India Ltd.	28,208	1,390,822
Adani Enterprises Ltd.	88,823	2,448,521
Adani Green Energy Ltd. (a)	165,414	1,826,975
Adani Ports & Special Economic Zone Ltd.	275,039	2,593,898
Adani Power Ltd. (a)	404,475	1,761,927
Ambuja Cements Ltd.	313,498	1,598,902
Apollo Hospitals Enterprise Ltd.	52,620	3,045,956
Ashok Leyland Ltd.	761,178	1,534,212
Asian Paints Ltd.	200,191	7,208,982
Astral Ltd.	62,691	1,393,182
AU Small Finance Bank Ltd. (b)	87,183	700,510
Aurobindo Pharma Ltd.	136,634	1,393,840
Avenue Supermarts Ltd. (a)(b)	85,139	3,716,147
Axis Bank Ltd.	1,187,360	14,006,463
Bajaj Auto Ltd.	35,427	2,259,247
Bajaj Finance Ltd.	142,192	12,796,247
Bajaj Finserv Ltd.	197,469	3,722,307
Bajaj Holdings & Investment Ltd.	13,848	1,151,757
Balkrishna Industries Ltd.	40,013	1,226,907
Bandhan Bank Ltd. (b)	378,616	974,637
Bank of Baroda	535,979	1,263,420
Berger Paints India Ltd.	155,176	1,040,875
Bharat Electronics Ltd.	1,897,412	3,038,925
Bharat Forge Ltd.	133,085	1,629,611
Bharat Petroleum Corp. Ltd.	393,499	1,649,119
Bharti Airtel Ltd.	1,166,259	12,804,769
Britannia Industries Ltd.	56,735	3,017,140
Cg Power & Industrial Soluti	326,267	1,527,486
Cholamandalam Investment and Finance Co. Ltd.	214,400	2,929,062
Cipla Ltd./India (a)	273,130	3,936,034
Coal India Ltd.	802,253	3,027,393
Colgate-Palmolive Ltd.	65,267	1,656,588
Container Corp. of India Ltd.	141,106	1,166,479
Cummins India Ltd.	72,364	1,457,151
Dabur India Ltd.	331,226	2,103,528
Divi's Laboratories Ltd.	62,399	2,538,668
DLF Ltd.	319,326	2,162,598
Dr. Reddy's Laboratories Ltd.	56,314	3,633,684
Eicher Motors Ltd.	71,406	2,825,269
GAIL India Ltd.	1,202,311	1,725,790
Godrej Consumer Products Ltd.	215,748	2,569,882
Godrej Properties Ltd. (a)	64,133	1,279,382
Grasim Industries Ltd.	138,284	3,133,127
Havells India Ltd.	134,279	2,009,769
HCL Technologies Ltd.	493,618	7,569,075
HDFC Asset Management Co. Ltd. (b)	44,360	1,456,669
HDFC Bank Ltd.	1,452,338	25,763,409
HDFC Standard Life Insurance Co. Ltd. (b)	503,029	3,735,727
Hero Motocorp Ltd.	57,344	2,127,369
Hindalco Industries Ltd.	642,661	3,546,275
Hindustan Aeronautics Ltd.	86,722	1,897,325
Hindustan Petroleum Corp. Ltd. (a)	292,736	870,659
Hindustan Unilever Ltd.	430,157	12,833,527
ICICI Bank Ltd.	2,697,260	29,665,903
ICICI Lombard General Insurance Co. Ltd. (b)	125,023	2,062,819
ICICI Prudential Life Insurance Co. Ltd. (b)	186,677	1,177,647
IDFC Bank Ltd. (a)	1,802,339	1,790,546
Indian Oil Corp. Ltd.	1,455,606	1,567,567
Indian Railway Catering & Tourism Corp. Ltd.	126,876	1,013,813
Indraprastha Gas Ltd.	166,208	763,261
Info Edge India Ltd.	36,850	1,807,879
Infosys Ltd.	1,729,389	28,432,677
InterGlobe Aviation Ltd. (a)(b)	69,557	2,051,079
ITC Ltd.	1,536,751	7,908,137
Jindal Steel & Power Ltd.	186,796	1,421,873
Jio Financial Services Ltd.	1,586,870	4,210,345
JSW Steel Ltd. (a)	315,245	2,788,484
Jubilant Foodworks Ltd.	206,368	1,241,367
Kotak Mahindra Bank Ltd.	569,321	11,898,021
Larsen & Toubro Ltd.	358,405	12,608,848
Ltimindtree Ltd. (b)	46,287	2,815,301
Lupin Ltd.	106,152	1,438,041
Mahindra & Mahindra Ltd.	485,274	8,502,037
Marico Ltd.	271,671	1,750,083
Maruti Suzuki India Ltd.	70,868	8,847,133
Max Healthcare Institute Ltd.	405,373	2,793,554
Mphasis BFL Ltd.	39,360	1,004,573
MRF Ltd.	992	1,290,316
Muthoot Finance Ltd.	63,238	986,421
Nestle India Ltd.	17,704	5,153,681
NTPC Ltd.	2,281,397	6,461,625
Oil & Natural Gas Corp. Ltd.	1,625,900	3,637,009
Page Industries Ltd.	3,201	1,454,053
Petronet LNG Ltd.	390,238	935,107
PI Industries Ltd.	43,738	1,785,801
Pidilite Industries Ltd.	80,316	2,370,625
Power Finance Corp. Ltd.	675,551	2,000,046
Power Grid Corp. of India Ltd.	2,403,413	5,835,524
REC Ltd.	612,295	2,115,772
Reliance Industries Ltd.	1,585,291	43,579,042
Samvardhana Motherson International Ltd.	1,226,874	1,354,591
SBI Cards & Payment Services Ltd.	149,551	1,339,781
SBI Life Insurance Co. Ltd. (b)	233,902	3,840,523
Shree Cement Ltd.	4,784	1,474,052
Shriram Transport Finance Co. Ltd.	146,664	3,308,513
Siemens Ltd.	46,465	1,858,552
Sona Blw Precision Forgings Ltd. (b)	213,266	1,387,515
SRF Ltd.	77,872	2,052,775
State Bank of India	928,291	6,305,940
Sun Pharmaceutical Industries Ltd.	498,567	6,516,405
Supreme Industries Ltd.	33,254	1,728,588
Tata Consultancy Services Ltd.	476,231	19,273,814
Tata Consumer Products Ltd.	292,978	3,169,118
Tata Elxsi Ltd.	17,847	1,634,335
Tata Motors Ltd.	863,409	6,519,403
Tata Power Co. Ltd./The	741,589	2,133,003
Tata Steel Ltd.	3,834,304	5,469,875
Tech Mahindra Ltd.	279,479	3,807,644
The Indian Hotels Co. Ltd.	444,033	2,044,502
Titan Co. Ltd.	184,432	7,068,241
Torrent Pharmaceuticals Ltd.	52,242	1,207,236
Trent Ltd.	94,380	2,442,243
Tube Investments of India Ltd.	55,234	2,088,972
Tvs Motor Co. Ltd.	122,994	2,349,641
Ultratech Cement Ltd.	60,542	6,125,275
United Spirits Ltd. (a)	154,414	1,914,356
UPL Ltd.	237,676	1,542,762
Varun Beverages Ltd.	237,760	2,594,341
Vedanta Ltd.	388,848	1,011,610
Wipro Ltd.	679,440	3,118,193
Yes Bank Ltd. (a)	6,769,711	1,297,068
Zomato Ltd. (a)	2,237,353	2,829,019
TOTAL INDIA		518,651,119
Indonesia - 1.8%
Indofood Sukses Makmur Tbk PT	2,316,900	969,979
PT Adaro Energy Indonesia Tbk	7,497,700	1,209,748
PT Aneka Tambang Tbk	4,586,900	491,456
PT Astra International Tbk	10,565,559	3,843,535
PT Bank Central Asia Tbk	28,937,050	15,942,019
PT Bank Mandiri (Persero) Tbk	19,468,196	6,955,054
PT Bank Negara Indonesia (Persero) Tbk	7,841,400	2,366,429
PT Bank Rakyat Indonesia (Persero) Tbk	35,549,727	11,115,827
PT Barito Pacific Tbk	14,783,231	1,047,594
PT Charoen Pokphand Indonesia Tbk (a)	3,880,400	1,429,580
PT GoTo Gojek Tokopedia Tbk (a)	432,156,000	1,634,953
PT Indah Kiat Pulp & Paper Tbk	1,416,400	856,076
PT Indofood CBP Sukses Makmur Tbk	1,234,700	804,744
PT Kalbe Farma Tbk	11,011,800	1,171,155
PT Merdeka Copper Gold Tbk (a)	6,304,786	884,283
PT Sarana Menara Nusantara Tbk	10,667,200	598,262
PT Semen Indonesia (Persero) Tbk	1,798,832	691,207
PT Sumber Alfaria Trijaya Tbk	8,760,800	1,594,437
PT Telkom Indonesia Persero Tbk	25,886,165	5,674,657
PT Unilever Indonesia Tbk	3,943,295	899,105
PT United Tractors Tbk	777,900	1,231,033
PT Vale Indonesia Tbk	1,342,100	418,265
TOTAL INDONESIA		61,829,398
Korea (South) - 10.4%
AMOREPACIFIC Corp.	15,375	1,441,052
BGF Retail Co. Ltd.	4,600	469,706
Celltrion Healthcare Co. Ltd.	55,816	2,756,879
Celltrion Pharm, Inc.	9,263	435,156
Celltrion, Inc.	57,474	6,373,222
CJ CheilJedang Corp.	4,336	907,031
Cosmo AM&T Co. Ltd. (a)	12,597	1,309,562
Cosmo AM&T Co. Ltd. rights 11/7/23 (a)	608	7,462
Coway Co. Ltd.	29,338	937,448
Db Insurance Co. Ltd.	23,901	1,552,668
Doosan Bobcat, Inc.	28,628	821,292
Doosan Heavy Industries & Construction Co. Ltd. (a)	235,529	2,343,328
Ecopro BM Co. Ltd. (c)	25,483	3,722,569
Ecopro Co. Ltd. (c)	10,403	4,799,832
F&F Co. Ltd.	8,982	621,747
GS Holdings Corp.	23,502	685,285
Hana Financial Group, Inc.	153,667	4,461,519
Hankook Tire Co. Ltd.	38,401	1,087,880
Hanmi Pharm Co. Ltd.	3,591	749,717
Hanmi Semiconductor Co. Ltd.	22,871	894,813
Hanon Systems	96,909	493,768
Hanwha Aerospace Co. Ltd.	18,423	1,383,007
Hanwha Ocean Co. Ltd. (a)(c)	22,479	392,536
Hanwha Ocean Co. Ltd. rights 11/9/23 (a)	7,420	9,600
Hanwha Solutions Corp. (a)	53,799	1,144,233
HD Hyundai Co. Ltd.	22,294	948,147
HD Hyundai Heavy Industries Co. Ltd. (a)	11,513	871,633
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (a)	22,063	1,477,860
HLB, Inc.	60,626	1,304,302
HMM Co. Ltd.	128,307	1,387,671
Hotel Shilla Co.	16,470	760,951
HYBE Co. Ltd. (a)	9,746	1,584,917
Hyundai Engineering & Construction Co. Ltd.	40,884	1,012,452
Hyundai Glovis Co. Ltd.	9,797	1,241,503
Hyundai Mipo Dockyard Co. Ltd. (a)	12,521	644,281
Hyundai Mobis	31,877	4,929,306
Hyundai Motor Co. Ltd.	71,486	8,992,753
Hyundai Steel Co.	45,187	1,097,247
Industrial Bank of Korea	140,986	1,165,067
JYP Entertainment Corp.	14,803	1,125,130
Kakao Corp.	161,691	4,550,639
Kakao Games Corp. (a)	18,818	326,133
Kakao Pay Corp. (a)	13,927	354,522
KakaoBank Corp.	86,837	1,173,446
Kangwon Land, Inc.	51,802	563,213
KB Financial Group, Inc.	199,472	7,592,256
Kia Corp.	136,100	7,764,064
Korea Aerospace Industries Ltd.	38,056	1,250,366
Korea Electric Power Corp. (a)	130,361	1,629,300
Korea Investment Holdings Co. Ltd.	20,996	783,743
Korea Zinc Co. Ltd.	4,163	1,444,575
Korean Air Lines Co. Ltd.	94,921	1,442,099
KRAFTON, Inc. (a)	15,071	1,831,905
KT Corp.	34,217	826,557
KT&G Corp.	52,808	3,326,364
Kumho Petro Chemical Co. Ltd.	9,199	863,301
L&F Co. Ltd. (c)	13,220	1,284,042
LG Chemical Ltd.	25,804	8,444,523
LG Corp.	49,258	2,815,300
LG Display Co. Ltd. (a)	120,399	1,087,842
LG Electronics, Inc.	55,503	4,111,276
LG Energy Solution (a)	24,431	6,993,223
LG H & H Co. Ltd.	4,546	1,064,204
LG Innotek Co. Ltd.	7,429	1,231,182
LG Uplus Corp.	111,648	835,529
Lotte Chemical Corp.	10,037	1,088,372
Lotte Energy Materials Corp.	12,058	344,922
Meritz Financial Holdings Co.	53,934	2,004,320
Mirae Asset Securities Co. Ltd.	139,874	684,186
NAVER Corp.	68,316	9,536,636
NCSOFT Corp.	7,416	1,279,340
Netmarble Corp. (a)(b)	10,867	311,519
NH Investment & Securities Co. Ltd.	75,235	538,968
Orion Corp./Republic of Korea	12,445	1,099,814
Pan Ocean Co., Ltd. (Korea)	143,933	458,841
Pearl Abyss Corp. (a)	16,652	609,153
POSCO	37,448	11,446,783
POSCO Chemtech Co. Ltd. (c)	16,150	2,841,783
Posco International Corp.	27,452	1,022,446
S-Oil Corp.	23,308	1,148,605
Samsung Biologics Co. Ltd. (a)(b)	9,279	4,870,803
Samsung C&T Corp.	43,855	3,462,288
Samsung Electro-Mechanics Co. Ltd.	29,189	2,694,847
Samsung Electronics Co. Ltd.	2,494,618	123,985,241
Samsung Engineering Co. Ltd. (a)	81,766	1,438,960
Samsung Fire & Marine Insurance Co. Ltd.	15,997	3,054,453
Samsung Heavy Industries Co. Ltd. (a)	343,428	1,738,421
Samsung Life Insurance Co. Ltd.	41,450	2,215,915
Samsung SDI Co. Ltd.	28,653	9,059,090
Samsung SDS Co. Ltd.	20,157	2,063,128
Samsung Securities Co. Ltd.	31,606	826,735
Shinhan Financial Group Co. Ltd.	228,803	5,872,484
SK Biopharmaceuticals Co. Ltd. (a)	16,261	908,657
SK Bioscience Co. Ltd. (a)(c)	14,234	639,684
SK Hynix, Inc.	284,464	24,666,838
SK IE Technology Co. Ltd. (a)(b)	13,000	572,384
SK Innovation Co., Ltd.	33,041	3,005,725
SK Square Co. Ltd. (a)	51,626	1,628,857
SK, Inc.	19,033	2,003,693
SKC Co. Ltd. (c)	9,899	578,052
Woori Financial Group, Inc.	315,244	2,780,345
Yuhan Corp.	27,973	1,190,671
TOTAL KOREA (SOUTH)		365,607,095
Kuwait - 0.8%
Agility Public Warehousing Co. KSC (a)	823,815	1,400,312
Boubyan Bank KSC	714,445	1,352,932
Gulf Bank	943,220	722,389
Gulf Bank rights 11/12/23 (a)	73,219	1,514
Kuwait Finance House KSCP	4,205,791	9,296,368
Mabanee Co. SAKC	329,816	879,296
Mobile Telecommunication Co.	1,028,095	1,598,041
National Bank of Kuwait	3,906,723	11,071,889
TOTAL KUWAIT		26,322,741
Luxembourg - 0.0%
Reinet Investments SCA	73,660	1,530,547
Malaysia - 1.4%
AMMB Holdings Bhd	852,100	683,591
Axiata Group Bhd	1,442,998	660,230
CelcomDigi Bhd	1,851,400	1,658,496
CIMB Group Holdings Bhd	3,344,531	4,007,072
Dialog Group Bhd	1,793,865	809,376
Gamuda Bhd	970,317	953,467
Genting Bhd	1,094,800	926,402
Genting Malaysia Bhd	1,522,840	773,843
Hong Leong Bank Bhd	340,900	1,388,077
Hong Leong Credit Bhd	120,200	446,995
IHH Healthcare Bhd	1,160,587	1,460,940
Inari Amertron Bhd	1,376,600	825,351
IOI Corp. Bhd	1,320,100	1,089,203
Kuala Lumpur Kepong Bhd	253,328	1,169,400
Malayan Banking Bhd	2,828,797	5,356,491
Malaysia Airports Holdings Bhd	446,580	692,873
Maxis Bhd	1,237,700	1,029,134
MISC Bhd	738,900	1,124,885
MR DIY Group M Sdn Bhd (b)	1,519,150	471,975
Nestle (Malaysia) Bhd	37,600	977,153
Petronas Chemicals Group Bhd	1,470,400	2,267,367
Petronas Dagangan Bhd	155,126	750,991
Petronas Gas Bhd	418,700	1,525,124
PPB Group Bhd	337,540	1,085,103
Press Metal Aluminium Holdings	1,948,500	2,014,119
Public Bank Bhd	7,597,685	6,635,832
QL Resources Bhd	586,500	680,694
RHB Bank Bhd	794,178	930,223
Sime Darby Bhd	1,423,949	684,375
Sime Darby Plantation Bhd	1,086,996	990,938
Telekom Malaysia Bhd	603,847	642,811
Tenaga Nasional Bhd	1,356,072	2,818,007
TOTAL MALAYSIA		47,530,538
Mexico - 2.3%
Alfa SA de CV Series A	1,630,200	1,016,332
America Movil S.A.B. de CV Series L	9,878,247	8,158,361
Arca Continental S.A.B. de CV	274,900	2,465,089
Banco del Bajio SA (b)	402,200	1,230,983
CEMEX S.A.B. de CV unit (a)	7,895,686	4,742,930
Coca-Cola FEMSA S.A.B. de CV unit	275,384	2,089,399
Fibra Uno Administracion SA de CV	1,517,383	2,303,554
Fomento Economico Mexicano S.A.B. de CV unit	1,014,391	11,481,315
Gruma S.A.B. de CV Series B	96,135	1,672,884
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B	203,527	2,374,162
Grupo Aeroportuario del Sureste S.A.B. de CV Series B	100,985	2,176,367
Grupo Bimbo S.A.B. de CV Series A	690,970	2,812,323
Grupo Carso SA de CV Series A1	292,100	1,862,545
Grupo Financiero Banorte S.A.B. de CV Series O	1,350,481	10,960,252
Grupo Financiero Inbursa S.A.B. de CV Series O (a)	949,600	1,958,297
Grupo Mexico SA de CV Series B	1,621,554	6,613,393
Grupo Televisa SA de CV	1,214,493	557,095
Industrias Penoles SA de CV (a)	103,620	1,156,781
Kimberly-Clark de Mexico SA de CV Series A	772,427	1,415,981
Operadora de Sites Mexicanos, SA de CV	664,300	564,852
Orbia Advance Corp. S.A.B. de CV	523,820	848,676
Promotora y Operadora de Infraestructura S.A.B. de CV	98,805	808,788
Southern Copper Corp.	44,838	3,179,014
Wal-Mart de Mexico SA de CV Series V	2,731,756	9,777,592
TOTAL MEXICO		82,226,965
Peru - 0.2%
Compania de Minas Buenaventura SAA sponsored ADR	117,104	948,542
Credicorp Ltd. (United States)	35,521	4,438,704
TOTAL PERU		5,387,246
Philippines - 0.6%
Aboitiz Equity Ventures, Inc.	881,040	709,603
Ayala Corp.	130,196	1,388,721
Ayala Land, Inc.	3,482,413	1,709,459
Bank of the Philippine Islands (BPI)	1,033,628	1,828,234
BDO Unibank, Inc.	1,237,255	2,778,418
International Container Terminal Services, Inc.	530,460	1,874,972
JG Summit Holdings, Inc.	1,373,213	888,607
Jollibee Food Corp.	233,813	843,181
Manila Electric Co.	144,800	904,279
Metropolitan Bank & Trust Co.	946,282	870,494
PLDT, Inc.	40,510	863,565
SM Investments Corp.	128,010	1,804,909
SM Prime Holdings, Inc.	5,212,500	2,751,283
Universal Robina Corp.	461,188	886,984
TOTAL PHILIPPINES		20,102,709
Poland - 0.9%
Allegro.eu SA (a)(b)	251,725	1,801,856
Bank Polska Kasa Opieki SA	95,415	2,892,771
Budimex SA	6,685	745,943
CD Projekt RED SA	33,743	841,162
Cyfrowy Polsat SA	130,709	406,987
Dino Polska SA (a)(b)	25,625	2,424,369
KGHM Polska Miedz SA (Bearer)	72,986	1,945,057
LPP SA	578	1,860,776
mBank SA (a)	7,692	949,253
Orlen SA	300,378	4,742,379
PGE Polska Grupa Energetyczna SA (a)	460,062	797,126
Powszechna Kasa Oszczednosci Bank SA (a)	455,366	4,704,960
Powszechny Zaklad Ubezpieczen SA	314,110	3,550,475
Santander Bank Polska SA (a)	18,543	2,009,241
TOTAL POLAND		29,672,355
Qatar - 0.8%
Barwa Real Estate Co. (a)	1,098,123	763,046
Dukhan Bank	974,148	970,135
Industries Qatar QSC (a)	795,593	2,670,186
Masraf al Rayan	2,937,641	1,694,327
Mesaieed Petrochemical Holding Co. (a)	2,404,900	1,050,204
Ooredoo QSC	425,519	1,155,832
Qatar Electricity & Water Co. (a)	222,239	1,009,567
Qatar Fuel Co. (a)	317,886	1,296,514
Qatar Gas Transport Co. Ltd. (Nakilat) (a)	1,306,756	1,263,329
Qatar International Islamic Bank QSC (a)	525,794	1,335,785
Qatar Islamic Bank	865,993	4,138,500
Qatar National Bank SAQ	2,415,713	9,879,145
The Commercial Bank of Qatar (a)	1,697,644	2,390,037
TOTAL QATAR		29,616,607
Romania - 0.0%
NEPI Rockcastle PLC	269,421	1,455,126
Russia - 0.2%
Alrosa Co. Ltd. (d)	1,399,461	232,877
Gazprom OAO (d)	6,384,126	668,197
Inter Rao Ues JSC (d)	20,040,158	110,513
LUKOIL PJSC (d)	224,329	69,451
MMC Norilsk Nickel PJSC (a)(d)	34,221	227,644
Mobile TeleSystems OJSC sponsored ADR (a)(d)	247,296	246,304
Moscow Exchange MICEX-RTS OAO (d)	808,717	155,496
Novatek PJSC GDR (Reg. S) (a)(d)	49,200	2,558,400
Novolipetsk Steel OJSC (a)(d)	812,466	7,802
Ozon Holdings PLC ADR (a)(d)	28,218	59,132
PhosAgro PJSC:
GDR (Reg. S) (a)(d)	73,324	1,504
sponsored GDR (Reg. S) (a)(d)	472	10
Polyus PJSC (a)(d)	18,462	43,426
Rosneft Oil Co. OJSC (d)	635,841	106,363
Sberbank of Russia (d)	5,823,145	35,812
Severstal PAO (a)(d)	113,908	2,544
Surgutneftegas OJSC (d)	4,033,562	49,368
Tatneft PAO (d)	770,244	95,825
TCS Group Holding PLC GDR (a)(d)	64,541	82,204
United Co. RUSAL International PJSC (d)	1,646,280	198,453
VK Co. Ltd. GDR (Reg. S) (a)(d)	41,654	12,378
VTB Bank OJSC (a)(d)	1,801,039,946	68,827
X5 Retail Group NV GDR (Reg. S) (a)(d)	66,442	15,679
Yandex NV Class A (a)(d)	158,365	591,403
TOTAL RUSSIA		5,639,612
Saudi Arabia - 3.9%
ACWA Power Co.	49,757	3,010,673
Advanced Petrochemicals Co.	66,636	662,523
Al Rajhi Bank	1,020,934	18,260,121
Alinma Bank	510,253	4,474,710
Almarai Co. Ltd.	129,964	1,936,504
Arab National Bank	350,997	2,222,969
Arabian Internet and Communications Services Co. Ltd.	12,473	1,039,971
Bank Al-Jazira (a)	209,963	915,608
Bank Albilad	255,160	2,530,108
Banque Saudi Fransi	306,896	2,932,674
Bupa Arabia for Cooperative Insurance Co.	39,050	2,217,094
Dallah Healthcare Co.	17,740	699,840
Dar Al Arkan Real Estate Development Co. (a)	271,713	1,093,631
Dr Sulaiman Al Habib Medical Services Group Co.	45,530	3,058,311
Elm Co.	12,491	2,334,654
Etihad Etisalat Co.	197,644	2,428,667
Jarir Marketing Co.	306,161	1,181,685
Luberef	26,522	911,968
Mobile Telecommunications Co. Saudi Arabia	232,300	854,499
Mouwasat Medical Services Co.	51,090	1,361,819
Nahdi Medical Co.	20,584	778,018
National Industrialization Co. (a)	171,275	530,498
Power & Water Utility Co. for Jubail & Yanbu	37,862	549,017
Rabigh Refining & Petrochemical Co. (a)	211,394	567,985
Riyad Bank	765,074	5,414,414
Sabic Agriculture-Nutrients Co.	121,787	4,343,507
Sahara International Petrochemical Co.	187,864	1,614,941
Saudi Arabian Mining Co.	672,550	6,453,726
Saudi Arabian Oil Co. (b)	1,383,972	12,284,430
Saudi Awwal Bank	523,797	4,670,277
Saudi Basic Industries Corp.	469,368	9,633,579
Saudi Electricity Co.	422,583	2,005,005
Saudi Industrial Investment Group	194,162	1,240,037
Saudi Investment Bank/The	253,604	993,704
Saudi Kayan Petrochemical Co. (a)	383,569	1,081,714
Saudi Research & Marketing Group (a)	18,556	697,408
Saudi Tadawul Group Holding Co.	24,920	1,103,983
Saudi Telecom Co.	1,041,337	10,658,743
The Co. for Cooperative Insurance	38,233	1,231,087
The Saudi National Bank	1,530,497	13,687,007
The Savola Group	135,940	1,318,962
Yanbu National Petrochemical Co.	144,734	1,460,225
TOTAL SAUDI ARABIA		136,446,296
South Africa - 2.7%
Absa Group Ltd.	440,294	4,014,206
African Rainbow Minerals Ltd.	58,672	483,479
Anglo American Platinum Ltd.	34,479	1,151,998
Aspen Pharmacare Holdings Ltd.	194,871	1,770,072
Bid Corp. Ltd.	175,325	3,719,477
Bidvest Group Ltd./The	150,756	2,133,920
Capitec Bank Holdings Ltd.	45,339	4,025,811
Clicks Group Ltd.	128,371	1,891,660
Discovery Ltd.	277,112	1,911,794
Exxaro Resources Ltd. (c)	127,187	1,275,862
FirstRand Ltd.	2,623,737	8,649,358
Gold Fields Ltd.	465,455	6,140,258
Growthpoint Properties Ltd.	1,810,536	941,333
Harmony Gold Mining Co. Ltd.	290,321	1,331,084
Impala Platinum Holdings Ltd.	451,461	1,880,602
Kumba Iron Ore Ltd.	33,648	891,539
MTN Group Ltd.	884,935	4,319,860
Naspers Ltd. Class N	102,065	15,932,435
Nedbank Group Ltd.	228,934	2,463,704
Northam Platinum Holdings Ltd.	185,826	1,121,586
Old Mutual Ltd. (c)	2,515,720	1,599,532
OUTsurance Group Ltd.	437,937	947,424
Pepkor Holdings Ltd. (b)	1,042,032	950,479
Remgro Ltd.	272,275	2,104,863
Sanlam Ltd.	915,422	3,210,792
Sasol Ltd.	297,508	3,760,423
Shoprite Holdings Ltd.	262,454	3,363,213
Sibanye-Stillwater Ltd.	1,474,881	1,881,287
Standard Bank Group Ltd.	697,749	6,847,019
Vodacom Group Ltd.	330,714	1,800,362
Woolworths Holdings Ltd.	490,987	1,828,013
TOTAL SOUTH AFRICA		94,343,445
Taiwan - 13.9%
Accton Technology Corp.	262,000	4,056,373
Acer, Inc.	1,508,000	1,592,556
Advantech Co. Ltd.	244,946	2,513,595
ASE Technology Holding Co. Ltd.	1,595,592	5,581,835
Asia Cement Corp.	1,215,000	1,499,217
ASUSTeK Computer, Inc.	367,502	3,850,340
AUO Corp.	3,395,800	1,642,454
Catcher Technology Co. Ltd.	300,095	1,682,205
Cathay Financial Holding Co. Ltd.	4,955,834	6,720,136
Chailease Holding Co. Ltd.	795,879	4,313,960
Chang Hwa Commercial Bank	2,859,907	1,513,950
Cheng Shin Rubber Industry Co. Ltd.	1,006,000	1,373,684
China Airlines Ltd.	1,501,000	899,091
China Development Financial Ho (a)	8,315,624	2,904,561
China Steel Corp.	6,168,289	4,598,331
Chunghwa Telecom Co. Ltd.	1,987,129	7,101,578
Compal Electronics, Inc.	2,182,000	1,896,519
CTBC Financial Holding Co. Ltd.	9,183,778	6,911,007
Delta Electronics, Inc.	1,014,717	9,137,476
E Ink Holdings, Inc.	445,000	2,313,608
E.SUN Financial Holdings Co. Ltd.	7,351,988	5,413,062
ECLAT Textile Co. Ltd.	93,129	1,481,122
eMemory Technology, Inc.	34,000	2,128,509
EVA Airways Corp.	1,341,000	1,136,311
Evergreen Marine Corp. (Taiwan)	534,494	1,777,308
Far Eastern New Century Corp.	1,528,000	1,391,108
Far EasTone Telecommunications Co. Ltd.	845,348	1,978,640
Feng Tay Enterprise Co. Ltd.	256,596	1,415,786
First Financial Holding Co. Ltd.	5,695,518	4,553,739
Formosa Chemicals & Fibre Corp.	1,841,149	3,461,409
Formosa Petrochemical Corp.	594,347	1,450,893
Formosa Plastics Corp.	2,000,085	4,752,884
Fubon Financial Holding Co. Ltd.	4,059,748	7,543,672
Giant Manufacturing Co. Ltd.	163,837	827,816
Gigabyte Technology Co. Ltd.	265,000	1,799,008
Global Unichip Corp.	45,000	2,009,637
GlobalWafers Co. Ltd.	114,000	1,674,499
Hon Hai Precision Industry Co. Ltd. (Foxconn)	6,495,465	19,372,175
Hotai Motor Co. Ltd.	158,960	2,963,772
Hua Nan Financial Holdings Co. Ltd.	4,635,379	2,904,718
Innolux Corp.	4,473,961	1,685,238
Inventec Corp.	1,400,000	1,752,520
Largan Precision Co. Ltd.	52,451	3,356,734
Lite-On Technology Corp.	1,048,044	3,260,585
MediaTek, Inc.	791,615	20,644,734
Mega Financial Holding Co. Ltd.	5,852,233	6,635,615
Micro-Star International Co. Ltd.	373,000	1,908,040
momo.com, Inc.	44,120	726,821
Nan Ya Plastics Corp.	2,484,358	4,749,717
Nan Ya Printed Circuit Board Corp.	118,000	865,465
Nanya Technology Corp.	649,000	1,300,100
Nien Made Enterprise Co. Ltd.	93,000	822,169
Novatek Microelectronics Corp.	302,000	4,249,813
Pegatron Corp.	1,039,000	2,422,767
PharmaEssentia Corp. (a)	125,000	1,242,983
Pou Chen Corp.	1,134,391	1,010,375
Powerchip Semiconductor Manufacturing Corp.	1,602,933	1,317,590
President Chain Store Corp.	301,000	2,392,416
Quanta Computer, Inc.	1,408,000	8,306,861
Realtek Semiconductor Corp.	255,000	3,175,585
Ruentex Development Co. Ltd.	802,296	803,985
Shin Kong Financial Holding Co. Ltd. (a)	6,826,732	1,832,576
Sinopac Financial Holdings Co.	5,490,026	3,025,505
Synnex Technology International Corp.	645,700	1,369,318
Taishin Financial Holdings Co. Ltd.	5,859,474	3,122,842
Taiwan Business Bank	3,237,424	1,275,419
Taiwan Cement Corp.	3,379,354	3,364,651
Taiwan Cooperative Financial Holding Co. Ltd.	5,376,991	4,172,378
Taiwan High Speed Rail Corp.	1,019,000	924,479
Taiwan Mobile Co. Ltd.	921,000	2,719,705
Taiwan Semiconductor Manufacturing Co. Ltd.	12,832,740	209,429,543
The Shanghai Commercial & Savings Bank Ltd.	2,009,439	2,660,439
Uni-President Enterprises Corp.	2,521,332	5,285,550
Unimicron Technology Corp.	715,000	3,186,383
United Microelectronics Corp.	5,874,000	8,440,977
Vanguard International Semiconductor Corp.	477,000	1,035,114
Voltronic Power Technology Corp.	35,000	1,402,556
Walsin Lihwa Corp.	1,486,779	1,581,135
Wan Hai Lines Ltd.	373,415	533,297
Winbond Electronics Corp.	1,559,000	1,207,173
Winbond Electronics Corp. rights 11/3/23 (a)	62,673	5,696
Wistron Corp.	1,359,000	3,786,654
Wiwynn Corp.	45,629	2,160,381
WPG Holding Co. Ltd.	828,880	1,832,756
Yageo Corp.	176,114	2,869,071
Yang Ming Marine Transport Corp.	917,000	1,194,278
Yuanta Financial Holding Co. Ltd.	5,257,343	3,946,890
Zhen Ding Technology Holding Ltd.	345,000	1,042,283
TOTAL TAIWAN		488,175,706
Thailand - 1.7%
Advanced Information Service PCL NVDR	623,200	3,795,923
Airports of Thailand PCL NVDR (a)	2,228,900	4,115,314
Asset World Corp. PCL NVDR	4,094,200	391,781
B. Grimm Power PCL NVDR	486,400	297,554
Bangkok Dusit Medical Services PCL:
(For. Reg.)	18,200	13,342
NVDR	5,784,500	4,240,531
Bangkok Expressway and Metro PCL NVDR	3,934,200	859,479
Banpu PCL NVDR	3,922,600	824,582
Berli Jucker PCL NVDR	520,800	407,450
BTS Group Holdings PCL NVDR	3,985,500	821,798
Bumrungrad Hospital PCL NVDR	312,800	2,248,252
Central Pattana PCL:
(For. Reg.)	381,900	660,693
NVDR	638,300	1,104,270
Central Retail Corp. PCL:
(For. Reg.)	174,024	176,995
NVDR	764,300	777,347
Charoen Pokphand Foods PCL NVDR	2,005,800	1,037,615
CP ALL PCL NVDR	3,046,600	4,656,319
CP Axtra PCL NVDR	1,106,300	865,009
Delta Electronics PCL NVDR	1,623,000	3,548,013
Electricity Generating PCL NVDR	131,500	443,915
Energy Absolute PCL NVDR	883,100	1,026,513
Global Power Synergy Public Co. Ltd. NVDR	380,300	410,562
Gulf Energy Development PCL NVDR	1,537,500	1,840,199
Home Product Center PCL NVDR	3,058,000	1,006,848
Indorama Ventures PCL NVDR	868,500	569,072
Intouch Holdings PCL NVDR	521,200	1,023,813
Kasikornbank PCL NVDR	309,200	1,124,564
Krung Thai Bank PCL:
(For. Reg.)	553,800	287,960
NVDR	1,246,300	648,040
Krungthai Card PCL:
(For. Reg.)	142,000	171,906
NVDR	400,100	484,362
Land & House PCL NVDR	4,142,400	865,361
Minor International PCL:
(For. Reg.)	110,326	85,499
NVDR	1,578,500	1,223,289
Muangthai Leasing PCL NVDR	391,100	394,991
Osotspa PCL NVDR	724,000	470,825
PTT Exploration and Production PCL NVDR	720,100	3,270,377
PTT Global Chemical PCL NVDR	1,164,500	1,112,226
PTT Oil & Retail Business PCL NVDR	1,548,100	783,978
PTT PCL NVDR	5,176,900	4,765,194
Ratch Group PCL NVDR unit	599,300	534,709
Robinsons Department Store PCL (For. Reg.) (a)(d)	55,100	24,327
SCB X PCL:
(For. Reg.)	158,100	431,072
NVDR	277,300	756,080
SCG Packaging PCL NVDR	675,000	672,598
Siam Cement PCL NVDR	407,300	3,244,660
Thai Oil PCL NVDR	624,421	813,032
TMBThanachart Bank PCL NVDR	12,508,400	577,850
True Corp. PCL	2,607,532	437,320
True Corp. PCL NVDR	2,267,098	380,224
TOTAL THAILAND		60,723,633
Turkey - 0.6%
Akbank TAS	1,622,931	1,688,306
Aselsan A/S	707,982	1,033,501
Bim Birlesik Magazalar A/S JSC	237,577	2,281,873
Eregli Demir ve Celik Fabrikalari T.A.S. (a)	735,971	983,919
Ford Otomotiv Sanayi A/S	36,086	1,001,948
Haci Omer Sabanci Holding A/S	529,008	999,388
Hektas Ticaret A/S (a)	591,851	458,111
Koc Holding A/S	395,506	1,910,546
Koza Altin Isletmeleri A/S	503,840	390,700
Pegasus Hava Tasimaciligi A/S (a)	23,725	590,627
Sasa Polyester Sanayi A/S	550,093	830,600
Tofas Turk Otomobil Fabrikasi A/S	64,493	548,159
Turk Hava Yollari AO (a)	286,331	2,197,082
Turkcell Iletisim Hizmet A/S	632,241	1,071,623
Turkiye Is Bankasi A/S Series C	1,822,714	1,350,337
Turkiye Petrol Rafinerileri A/S	501,726	2,514,011
Turkiye Sise ve Cam Fabrikalari A/S	716,967	1,198,521
Yapi ve Kredi Bankasi A/S	1,756,444	1,069,276
TOTAL TURKEY		22,118,528
United Arab Emirates - 1.2%
Abu Dhabi Commercial Bank PJSC	1,529,303	3,343,399
Abu Dhabi Islamic Bank (a)	760,249	2,131,926
Abu Dhabi National Oil Co. for Distribution PJSC	1,641,224	1,501,365
Aldar Properties PJSC	1,993,647	2,822,479
Americana Restaurants International PLC	1,318,520	1,328,212
Dubai Islamic Bank Pakistan Ltd.	1,526,136	2,243,707
Emaar Properties PJSC	3,442,373	6,269,936
Emirates NBD Bank PJSC	987,461	4,556,892
Emirates Telecommunications Corp.	1,813,003	9,111,907
First Abu Dhabi Bank PJSC	2,303,321	7,951,568
Multiply Group (a)	2,042,764	1,890,933
TOTAL UNITED ARAB EMIRATES		43,152,324
United Kingdom - 0.1%
AngloGold Ashanti PLC	218,684	4,042,207
Pepco Group NV (a)	100,370	406,289
TOTAL UNITED KINGDOM		4,448,496
United States of America - 0.1%
JBS SA	403,400	1,602,638
Legend Biotech Corp. ADR (a)	31,675	2,092,767
Parade Technologies Ltd.	40,000	1,310,465
TOTAL UNITED STATES OF AMERICA		5,005,870
TOTAL COMMON STOCKS (Cost $2,724,237,641)		3,199,560,404

Nonconvertible Preferred Stocks - 2.1%
	Shares	Value ($)
Brazil - 1.4%
Banco Bradesco SA (PN)	2,731,588	7,579,693
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B)	120,405	918,247
Companhia Energetica de Minas Gerais (CEMIG) (PN)	715,760	1,666,688
Gerdau SA	604,710	2,611,105
Itau Unibanco Holding SA	2,521,671	13,414,234
Itausa-Investimentos Itau SA (PN)	2,686,713	4,604,195
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.)	2,590,100	17,846,992
TOTAL BRAZIL		48,641,154
Chile - 0.1%
Sociedad Quimica y Minera de Chile SA (PN-B)	74,733	3,615,574
Colombia - 0.0%
Bancolombia SA (PN)	243,716	1,563,193
Korea (South) - 0.6%
Hyundai Motor Co. Ltd.	5,584	411,750
Hyundai Motor Co. Ltd. Series 2	25,073	1,859,964
LG Chemical Ltd.	3,922	817,919
LG H & H Co. Ltd.	988	103,674
Samsung Electronics Co. Ltd.	419,232	16,712,912
TOTAL KOREA (SOUTH)		19,906,219
Russia - 0.0%
Surgutneftegas OJSC (d)	3,570,022	62,127
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $56,198,738)		73,788,267

Government Obligations - 0.4%
	Principal Amount (e)	Value ($)
United States of America - 0.4%
U.S. Treasury Bills, yield at date of purchase 5.42% 2/22/24 (f) (Cost $14,750,623)	15,000,000	14,749,752

Money Market Funds - 6.9%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (g)	215,934,416	215,977,603
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h)	26,637,037	26,639,700
TOTAL MONEY MARKET FUNDS (Cost $242,617,303)		242,617,303

TOTAL INVESTMENT IN SECURITIES - 100.6% (Cost $3,037,804,305)	3,530,715,726
NET OTHER ASSETS (LIABILITIES) - (0.6)%	(22,049,386)
NET ASSETS - 100.0%	3,508,666,340

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
ICE MSCI Emerging Markets Index Contracts (United States)	5,096	Dec 2023	234,212,160	(7,178,851)	(7,178,851)

The notional amount of futures purchased as a percentage of Net Assets is 6.7%

Security Type Abbreviations

COMMERCIAL PAPER

Legend

(a)	Non-income producing

(b)

(c)	Security or a portion of the security is on loan at period end.

(d)	Level 3 security

(e)	Amount is stated in United States dollars unless otherwise noted.

(f)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $7,917,667.

(g)

(h)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	3,464,344	1,635,821,476	1,423,308,217	4,409,178	-	-	215,977,603	0.5%
Fidelity Securities Lending Cash Central Fund 5.40%	16,509,541	189,843,602	179,713,443	431,369	-	-	26,639,700	0.1%
Total	19,973,885	1,825,665,078	1,603,021,660	4,840,547	-	-	242,617,303

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	306,683,241	56,399,833	249,433,323	850,085
Consumer Discretionary	443,982,559	94,772,369	349,126,731	83,459
Consumer Staples	204,474,902	66,086,315	138,372,905	15,682
Energy	175,947,433	67,039,780	105,297,922	3,609,731
Financials	732,729,244	269,142,183	463,244,722	342,339
Health Care	129,245,506	15,199,911	114,045,595	-
Industrials	209,682,781	50,135,571	159,547,210	-
Information Technology	675,292,976	5,523,722	669,769,254	-
Materials	255,048,042	92,247,194	162,086,588	714,260
Real Estate	54,524,858	22,140,533	32,384,325	-
Utilities	85,737,129	30,856,291	54,770,325	110,513

Government Obligations	14,749,752	-	14,749,752	-

Money Market Funds	242,617,303	242,617,303	-	-
Total Investments in Securities:	3,530,715,726	1,012,161,005	2,512,828,652	5,726,069
Derivative Instruments: Liabilities
Futures Contracts	(7,178,851)	(7,178,851)	-	-
Total Liabilities	(7,178,851)	(7,178,851)	-	-
Total Derivative Instruments:	(7,178,851)	(7,178,851)	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	0	(7,178,851)
Total Equity Risk	0	(7,178,851)
Total Value of Derivatives	0	(7,178,851)

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $25,035,645) - See accompanying schedule:
Unaffiliated issuers (cost $2,795,187,002)	$	3,288,098,423
Fidelity Central Funds (cost $242,617,303)		242,617,303


Total Investment in Securities (cost $3,037,804,305)			$	3,530,715,726
Cash				935,522
Foreign currency held at value (cost $11,117,853)				11,084,819
Receivable for investments sold				169
Receivable for fund shares sold				1,983,489
Dividends receivable				4,281,512
Distributions receivable from Fidelity Central Funds				690,043
Prepaid expenses				4,159
Receivable from investment adviser for expense reductions				208,208
Total assets				3,549,903,647
Liabilities
Payable for investments purchased	$	190
Payable for fund shares redeemed		1,908,800
Accrued management fee		218,024
Payable for daily variation margin on futures contracts		1,555,321
Deferred taxes		10,078,832
Other payables and accrued expenses		825,187
Collateral on securities loaned		26,650,953
Total Liabilities				41,237,307
Net Assets			$	3,508,666,340
Net Assets consist of:
Paid in capital			$	3,802,927,800
Total accumulated earnings (loss)				(294,261,460)
Net Assets			$	3,508,666,340
Net Asset Value, offering price and redemption price per share ($3,508,666,340 ÷ 293,746,376 shares)			$	11.94

Statement of Operations
				Year ended October 31, 2023
Investment Income
Dividends			$	105,906,662
Non-Cash dividends				8,469,029
Interest				584,047
Income from Fidelity Central Funds (including $431,369 from security lending)				4,840,547
Income before foreign taxes withheld			$	119,800,285
Less foreign taxes withheld				(12,560,205)
Total Income				107,240,080
Expenses
Management fee	$	2,668,260
Custodian fees and expenses		2,340,544
Independent trustees' fees and expenses		12,260
Registration fees		68,614
Audit		150,771
Legal		4,880
Interest		175,299
Miscellaneous		35,022
Total expenses before reductions		5,455,650
Expense reductions		(2,621,691)
Total expenses after reductions				2,833,959
Net Investment income (loss)				104,406,121
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $5,198,625)		(167,871,009)
Foreign currency transactions		(1,048,022)
Futures contracts		5,861,748
Total net realized gain (loss)				(163,057,283)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of decrease in deferred foreign taxes of $3,087,558)		409,141,657
Assets and liabilities in foreign currencies		53,712
Futures contracts		(6,784,580)
Total change in net unrealized appreciation (depreciation)				402,410,789
Net gain (loss)				239,353,506
Net increase (decrease) in net assets resulting from operations			$	343,759,627

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	104,406,121	$	115,649,880
Net realized gain (loss)		(163,057,283)		(316,446,719)
Change in net unrealized appreciation (depreciation)		402,410,789		(1,203,717,254)
Net increase (decrease) in net assets resulting from operations		343,759,627		(1,404,514,093)
Distributions to shareholders		(87,971,565)		(108,921,064)

Share transactions
Proceeds from sales of shares		1,703,730,387		1,927,174,410
Reinvestment of distributions		87,324,787		106,410,044
Cost of shares redeemed		(1,494,269,332)		(1,370,213,430)

Net increase (decrease) in net assets resulting from share transactions		296,785,842		663,371,024
Total increase (decrease) in net assets		552,573,904		(850,064,133)

Net Assets
Beginning of period		2,956,092,436		3,806,156,569
End of period	$	3,508,666,340	$	2,956,092,436

Other Information
Shares
Sold		137,300,618		132,184,146
Issued in reinvestment of distributions		7,193,146		6,895,296
Redeemed		(117,777,572)		(102,830,412)
Net increase (decrease)		26,716,192		36,249,030

Financial Highlights

Fidelity® SAI Emerging Markets Index Fund

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	11.07	$	16.49	$	14.45	$	13.71	$	12.62
Income from Investment Operations
Net investment income (loss) A,B		.37		.41		.36		.30		.42 C
Net realized and unrealized gain (loss)		.81		(5.38)		1.93		.80		.99
Total from investment operations		1.18		(4.97)		2.29		1.10		1.41
Distributions from net investment income		(.31)		(.45)		(.25)		(.36)		(.32)
Total distributions		(.31)		(.45)		(.25)		(.36)		(.32)
Net asset value, end of period	$	11.94	$	11.07	$	16.49	$	14.45	$	13.71
Total Return D		10.58%		(30.89)%		15.87%		8.19%		11.44%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.15%		.15%		.13%		.14%		.16%
Expenses net of fee waivers, if any		.08%		.08%		.08%		.08%		.08%
Expenses net of all reductions		.08%		.08%		.08%		.08%		.08%
Net investment income (loss)		2.93%		2.95%		2.10%		2.21%		3.12% C
Supplemental Data
Net assets, end of period (000 omitted)	$	3,508,666	$	2,956,092	$	3,806,157	$	3,564,409	$	3,840,772
Portfolio turnover rate G		32%		30%		16%		38%		22%

ACalculated based on average shares outstanding during the period.

DTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Report of Independent Registered Public Accounting Firm

For the period ended October 31, 2023

1. Organization.

Fidelity SAI Emerging Markets Index Fund (the Fund) is a fund of Fidelity Salem Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares are offered exclusively to certain clients of Fidelity Management & Research Company LLC (FMR) or its affiliates. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$861,167,474
Gross unrealized depreciation	(436,242,258)
Net unrealized appreciation (depreciation)	$424,925,216
Tax Cost	$3,105,790,510

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$89,867,690
Capital loss carryforward	$(798,905,912)
Net unrealized appreciation (depreciation) on securities and other investments	$424,855,593

Short-term	$(434,329,895)
Long-term	(364,576,017)
Total capital loss carryforward	$(798,905,912)

The tax character of distributions paid was as follows:

	October 31, 2023	October 31, 2022
Ordinary Income	$87,971,565	$108,921,064

4. Derivative Instruments.

Derivatives were used to increase or decrease exposure to the following risk(s):

Equity Risk

Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, U.S. government securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity SAI Emerging Markets Index Fund	1,178,318,495	1,093,687,318

6. Fees and Other Transactions with Affiliates.

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity SAI Emerging Markets Index Fund	Borrower	$ 38,290,833	4.90%	$156,385

7. Committed Line of Credit.

	Amount
Fidelity SAI Emerging Markets Index Fund	$6,388

8. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity SAI Emerging Markets Index Fund	$45,492	$-	$-

9. Bank Borrowings.

	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity SAI Emerging Markets Index Fund	$20,337,167	5.58%	$18,914

10. Expense Reductions.

The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .075% of average net assets. This reimbursement will remain in place through February 28, 2025. Some expenses, for example the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $2,580,742.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $40,949.

11. Other.

In addition, at the end of the period, the following mutual funds managed by the investment adviser or its affiliates were the owners of record of 10% or more of the total outstanding shares.

	Strategic Advisers Fidelity Emerging Markets Fund
Fidelity SAI Emerging Markets Index Fund	26%

Mutual funds managed by the investment adviser or its affiliates, in aggregate, were the owners of record of more than 20% of the total outstanding shares.

Fund	% of shares held
Fidelity SAI Emerging Markets Index Fund	31%

12. Risk and Uncertainties.

To the Board of Trustees of Fidelity Salem Street Trust and Shareholders of Fidelity SAI Emerging Markets Index Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity SAI Emerging Markets Index Fund (one of the funds constituting Fidelity Salem Street Trust, referred to hereafter as the "Fund") as of October 31, 2023, the related statement of operations for the year ended October 31, 2023, the statement of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2023 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2023, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 13, 2023

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

TRUSTEES AND OFFICERS

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-3455.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.

Board Structure and Oversight Function. Abigail P. Johnson is an interested person and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Michael E. Kenneally serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Abigail P. Johnson (1961)

Year of Election or Appointment: 2009

Trustee

Chairman of the Board of Trustees

Jennifer Toolin McAuliffe (1959)

Year of Election or Appointment: 2016

Trustee

Christine J. Thompson (1958)

Year of Election or Appointment: 2023

Trustee

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Elizabeth S. Acton (1951)

Year of Election or Appointment: 2013

Trustee

Laura M. Bishop (1961)

Year of Election or Appointment: 2023

Trustee

Ann E. Dunwoody (1953)

Year of Election or Appointment: 2018

Trustee

John Engler (1948)

Year of Election or Appointment: 2014

Trustee

Robert F. Gartland (1951)

Year of Election or Appointment: 2010

Trustee

Robert W. Helm (1957)

Year of Election or Appointment: 2023

Trustee

Arthur E. Johnson (1947)

Year of Election or Appointment: 2008

Trustee

Michael E. Kenneally (1954)

Year of Election or Appointment: 2009

Trustee

Chairman of the Independent Trustees

Mark A. Murray (1954)

Year of Election or Appointment: 2016

Trustee

Carol J. Zierhoffer (1960)

Year of Election or Appointment: 2023

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Craig S. Brown (1977)

Year of Election or Appointment: 2019

Assistant Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

David J. Carter (1973)

Year of Election or Appointment: 2020

Assistant Secretary

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

President and Treasurer

Robin Foley (1964)

Year of Election or Appointment: 2023

Vice President

Christopher M. Gouveia (1973)

Year of Election or Appointment: 2023

Chief Compliance Officer

Colm A. Hogan (1973)

Year of Election or Appointment: 2016

Assistant Treasurer

Chris Maher (1972)

Year of Election or Appointment: 2013

Assistant Treasurer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2013

Assistant Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2021

Deputy Treasurer

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023

Fidelity® SAI Emerging Markets Index Fund	.08%
Actual		$ 1,000	$ 946.90	$ .39
Hypothetical-B		$ 1,000	$ 1,024.80	$ .41

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates $1,146,418 of distributions paid during the fiscal year ended 2023 as qualifying to be taxed as section 163(j) interest dividends.

The fund designates 50.86% of the dividends distributed during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are $0.3753 and $0.0693 for the dividend paid December 19, 2023.

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.