Supplement to the
Fidelity® Founders Fund
Class A, Class M, Class C, Class I, and Class Z
June 29, 2023
Summary Prospectus
Effective March 1, 2024, the fund’s management contract was amended to incorporate administrative services previously covered under separate services agreements. The amended contract incorporates a basic fee rate that may vary by class (subject to a performance adjustment). The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class’s management fee.
The following information replaces similar information found in the “Fund Summary” section under the “Fee Table” heading.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
| Class A | Class M | Class C | Class I | Class Z | ||||||||||||||||
| Management fee |
0.61 | %A,B | 0.60 | %A,B | 0.61 | %A,B | 0.54 | %A,B | 0.45 | %A,B | ||||||||||
| Distribution and/or Service (12b-1) fees |
0.25 | % | 0.50 | % | 1.00 | % | None | None | ||||||||||||
| Other expenses |
0.10 | %B | 0.10 | %B | 0.10 | %B | 0.10 | %B | 0.10 | %B | ||||||||||
|
|
|
|||||||||||||||||||
| Total annual operating expenses |
0.96% | 1.20% | 1.71% | 0.64% | 0.55% | |||||||||||||||
A The management fee comprises a basic fee, which may vary by class, that is adjusted up or down (subject to a maximum rate) based on the performance of the fund or a designated class of the fund relative to that of the Russell 3000® Index. The basic fee covers administrative services previously provided under separate services agreements with the fund, for which 0.24% for Class A, 0.22% for Class M, 0.24% for Class C, 0.17% for Class I, and 0.08% for Class Z was previously charged under the services agreements. Please see “Fund Services - Fund Management - Advisory Fee(s)” for additional information.
B Adjusted to reflect current fees.
| Class A | Class M | Class C | Class I | Class Z | ||||||||||||||||
| Sell All Shares |
Hold Shares |
Sell All Shares |
Hold Shares |
Sell All Shares |
Hold Shares |
Sell All Shares |
Hold Shares |
Sell All Shares |
Hold Shares | |||||||||||
| 1 year |
$ 667 | $ 667 | $ 468 | $ 468 | $ 274 | $ 174 | $ 65 | $ 65 | $ 56 | $ 56 | ||||||||||
| 3 years |
$ 863 | $ 863 | $ 718 | $ 718 | $ 539 | $ 539 | $ 205 | $ 205 | $ 176 | $ 176 | ||||||||||
| 5 years |
$ 1,075 | $ 1,075 | $ 987 | $ 987 | $ 928 | $ 928 | $ 357 | $ 357 | $ 307 | $ 307 | ||||||||||
| 10 years |
$ 1,685 | $ 1,685 | $ 1,754 | $ 1,754 | $ 1,821 | $ 1,821 | $ 798 | $ 798 | $ 689 | $ 689 | ||||||||||
| FFF-SUSTK-0324-100 1.9911332.100 |
March 1, 2024 |
Supplement to the
Fidelity® Founders Fund
June 29, 2023
Summary Prospectus
Effective March 1, 2024, the fund’s management contract was amended to incorporate administrative services previously covered under separate services agreements. The amended contract incorporates a basic fee rate that may vary by class (subject to a performance adjustment). The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class’s management fee.
The following information replaces similar information found in the “Fund Summary” section under the “Fee Table” heading.
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
| Management fee |
0.58%A,B | |
| Distribution and/or Service (12b-1) fees |
None | |
| Other expenses |
0.10%B | |
|
| ||
| Total annual operating expenses |
0.68% | |
A The management fee comprises a basic fee, which may vary by class, that is adjusted up or down (subject to a maximum rate) based on the performance of the fund or a designated class of the fund relative to that of the Russell 3000® Index. The basic fee covers administrative services previously provided under separate services agreements with the fund, for which 0.24% was previously charged under the services agreements. Please see “Fund Services - Fund Management - Advisory Fee(s)” for additional information.
B Adjusted to reflect current fees.
| 1 year |
$ 69 | |
| 3 years |
$ 218 | |
| 5 years |
$ 379 | |
| 10 years |
$ 847 | |
| RFFF-SUSTK-0324-100 1.9911330.100 |
March 1, 2024 |