Fidelity SAI U.S. Large Cap Index Fund (FLCPX)

Fidelity SAI U.S. Large Cap Index Fund is a passively managed mutual fund designed to track the performance of large capitalization U.S. companies. Its primary objective is to deliver investment results that correspond to the total return of U.S. equities, with at least 80% of its assets typically invested in common stocks included in the S&P 500 Index. This approach provides diversified exposure to the leading U.S. companies, spanning prominent sectors such as technology, consumer cyclical, communication services, and financials. Notable holdings include major names like Apple, Microsoft, NVIDIA, Amazon.com, and Meta Platforms, reflecting its emphasis on the largest and most influential U.S. firms. The fund is distinguished by its exceptionally low expense ratio of 0.015%, positioning it as one of the most cost-efficient options in its category. Additionally, it occasionally engages in securities lending to increase fund income. By delivering broad market exposure with minimal fees, the fund plays a key role for investors seeking a foundational allocation to the U.S. equity market through a large blend, index-tracking strategy.