Fidelity Salem Street Trust has recently filed a new prospectus for its Fidelity SAI Enhanced Core Bond Fund, marking a significant update in its investment offerings. This filing, dated October 29, 2026, outlines the fund's investment strategies, fee structures, and risk factors, emphasizing its commitment to providing tailored investment options for clients.

The Fidelity SAI Enhanced Core Bond Fund aims to deliver a high level of current income by primarily investing in investment-grade debt securities. The fund is designed for specific clients of the Adviser and its affiliates, including Strategic Advisers LLC, and is not available for sale to the general public.

Background

Fidelity Salem Street Trust, incorporated in Massachusetts, operates as an investment entity. The trust has undergone several name changes over the years, previously known as Fidelity Fixed Income Trust and Fidelity Corporate Bond Fund Inc. Its recent filings include multiple 497K forms, with the latest being filed on October 29, 2026.

What the Filing Says

The filing reveals that the Fidelity SAI Enhanced Core Bond Fund seeks to invest at least 80% of its assets in investment-grade debt securities. The fund's management fee is set at 0.20%, with total annual operating expenses amounting to 0.21%. After accounting for a fee waiver, the effective total annual operating expenses drop to 0.15%.

"Before you invest, you may want to review the fund's prospectus, which contains more information about the fund and its risks," the filing states.

Impact

This update may significantly affect investors looking for stable income through high-quality debt securities. The fund's focus on investment-grade assets positions it well within the competitive landscape of bond funds. Fidelity's established reputation in the investment community may attract both new and existing clients seeking reliable investment opportunities.

What's Next

The filing does not specify what happens next, but it is likely that Fidelity will continue to promote the Fidelity SAI Enhanced Core Bond Fund to its targeted clientele, emphasizing its unique investment strategies and competitive fee structure.

The accession number for this filing is 0000035315-26-000779.