-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H/bXxQHJfmQn1dY7jSArSZk/acwd91IDxsvDV2KU420yVd5AWh++zjb7TZ5rdC3k M+5uvMF7b4eZcApZRVrDbQ== 0000354046-00-000018.txt : 20001204 0000354046-00-000018.hdr.sgml : 20001204 ACCESSION NUMBER: 0000354046-00-000018 CONFORMED SUBMISSION TYPE: NSAR-B/A PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CHARLES STREET TRUST CENTRAL INDEX KEY: 0000354046 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NSAR-B/A SEC ACT: SEC FILE NUMBER: 811-03221 FILM NUMBER: 782300 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 2145064081 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAIL ZONE Z1C CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY U S GOVERNMENT RESERVES FUND DATE OF NAME CHANGE: 19880201 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FEDERAL RESERVES DATE OF NAME CHANGE: 19820215 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY UNITED STATES TREASURY TRUST DATE OF NAME CHANGE: 19811020 NSAR-B/A 1 0001.txt N-SAR (6.1) PAGE 1 000 B000000 09/30/2000 000 C000000 0000354046 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 Y 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 FIDELITY CHARLES STREET TRUST 001 B000000 811-3221 001 C000000 6037917535 002 A000000 82 DEVONSHIRE STREET 002 B000000 BOSTON 002 C000000 MA 002 D010000 02109 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 5 007 C010100 1 007 C010200 2 007 C020200 FIDELITY ASSET MANAGER 007 C030200 N 007 C010300 3 007 C020300 FIDELITY ASSET MANAGER: GROWTH 007 C030300 N 007 C010400 4 007 C010500 5 007 C020500 FIDELITY ASSET MANAGER: INCOME 007 C030500 N 007 C010600 6 007 C020600 SPARTAN INVESTMENT GRADE BOND FUND 007 C030600 N 007 C010700 7 007 C010800 8 007 C020800 FIDELITY ASSET MANAGER: AGGRESSIVE 007 C030800 N 007 C010900 9 007 C011000 10 008 A00AA01 FIDELITY MANAGEMENT & RESEARCH COMPANY (FMR) 008 B00AA01 A 008 C00AA01 801-7884 008 D01AA01 BOSTON 008 D02AA01 MA 008 D03AA01 02109 008 A00AA02 FIDELITY MANAGEMENT & RESEARCH (U.K.), INC. 008 B00AA02 S 008 C00AA02 801-28773 PAGE 2 008 D01AA02 LONDON 008 D05AA02 ENGLAND 008 A00AA03 FIDELITY MGMT & RESEARCH (FAR EAST), INC. 008 B00AA03 S 008 C00AA03 801-28774 008 D01AA03 TOKYO 008 D05AA03 JAPAN 008 A00AA04 FIDELITY INVESTMENTS MONEY MGMT, INC. 008 B00AA04 S 008 C00AA04 801-34590 008 D01AA04 MERRIMACK 008 D02AA04 NH 008 D03AA04 03054 008 A00AA05 FIDELITY INVESTMENTS JAPAN LTD. 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0 042 C000500 0 042 D000500 0 042 E000500 0 042 F000500 0 042 G000500 0 042 H000500 0 043 000500 0 044 000500 0 045 000500 Y 046 000500 N 047 000500 N 048 000500 0.000 048 A010500 0 048 A020500 0.000 048 B010500 0 PAGE 18 048 B020500 0.000 048 C010500 0 048 C020500 0.000 048 D010500 0 048 D020500 0.000 048 E010500 0 048 E020500 0.000 048 F010500 0 048 F020500 0.000 048 G010500 0 048 G020500 0.000 048 H010500 0 048 H020500 0.000 048 I010500 0 048 I020500 0.000 048 J010500 0 048 J020500 0.000 048 K010500 0 048 K020500 0.000 049 000500 N 050 000500 N 051 000500 N 052 000500 Y 053 A000500 Y 053 B000500 Y 053 C000500 N 054 A000500 Y 054 B000500 Y 054 C000500 N 054 D000500 N 054 E000500 N 054 F000500 N 054 G000500 Y 054 H000500 Y 054 I000500 N 054 J000500 Y 054 K000500 N 054 L000500 N 054 M000500 Y 054 N000500 N 054 O000500 Y 055 A000500 N 055 B000500 N 056 000500 Y 057 000500 N 058 A000500 N 059 000500 Y 060 A000500 Y 060 B000500 Y 061 000500 2500 062 A000500 N PAGE 19 062 B000500 0.0 062 C000500 0.0 062 D000500 0.0 062 E000500 0.0 062 F000500 0.0 062 G000500 0.0 062 H000500 0.0 062 I000500 0.0 062 J000500 0.0 062 K000500 0.0 062 L000500 0.0 062 M000500 0.0 062 N000500 0.0 062 O000500 0.0 062 P000500 0.0 062 Q000500 0.0 062 R000500 0.0 063 A000500 0 063 B000500 0.0 066 A000500 Y 066 B000500 N 066 C000500 N 066 D000500 N 066 E000500 N 066 F000500 Y 066 G000500 N 067 000500 N 068 A000500 N 068 B000500 N 069 000500 N 070 A010500 Y 070 A020500 Y 070 B010500 Y 070 B020500 N 070 C010500 Y 070 C020500 N 070 D010500 Y 070 D020500 N 070 E010500 Y 070 E020500 N 070 F010500 Y 070 F020500 Y 070 G010500 Y 070 G020500 N 070 H010500 Y 070 H020500 N 070 I010500 N 070 I020500 N 070 J010500 Y 070 J020500 Y 070 K010500 Y PAGE 20 070 K020500 Y 070 L010500 Y 070 L020500 Y 070 M010500 Y 070 M020500 Y 070 N010500 Y 070 N020500 N 070 O010500 Y 070 O020500 N 070 P010500 Y 070 P020500 Y 070 Q010500 N 070 Q020500 N 070 R010500 Y 070 R020500 N 071 A000500 983787 071 B000500 1046727 071 C000500 702872 071 D000500 140 072 A000500 12 072 B000500 47709 072 C000500 2484 072 D000500 0 072 E000500 0 072 F000500 3573 072 G000500 0 072 H000500 0 072 I000500 1431 072 J000500 54 072 K000500 0 072 L000500 0 072 M000500 3 072 N000500 40 072 O000500 0 072 P000500 0 072 Q000500 208 072 R000500 56 072 S000500 4 072 T000500 0 072 U000500 0 072 V000500 50 072 W000500 2 072 X000500 5421 072 Y000500 181 072 Z000500 44953 072AA000500 23482 072BB000500 0 072CC010500 0 072CC020500 1889 072DD010500 44899 072DD020500 0 PAGE 21 072EE000500 15249 073 A010500 0.6500 073 A020500 0.0000 073 B000500 0.2100 073 C000500 0.0000 074 A000500 25 074 B000500 0 074 C000500 0 074 D000500 469036 074 E000500 8215 074 F000500 189095 074 G000500 0 074 H000500 0 074 I000500 148811 074 J000500 19035 074 K000500 0 074 L000500 9100 074 M000500 0 074 N000500 843317 074 O000500 22993 074 P000500 293 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 0 074 R040500 1604 074 S000500 0 074 T000500 818427 074 U010500 66840 074 U020500 0 074 V010500 12.24 074 V020500 0.00 074 W000500 0.0000 074 X000500 107130 074 Y000500 0 075 A000500 0 075 B000500 838869 076 000500 0.00 015 A000601 THE BANK OF NEW YORK 015 B000601 C 015 C010601 NEW YORK 015 C020601 NY 015 C030601 10286 015 E010601 X 024 000600 N 025 A000601 DELETE 025 D000601 0 025 A000602 DELETE 025 D000602 0 025 A000603 DELETE 025 D000603 0 PAGE 22 025 D000604 0 025 D000605 0 025 D000606 0 025 D000607 0 025 D000608 0 028 A010600 62201 028 A020600 8085 028 A030600 0 028 A040600 30663 028 B010600 42368 028 B020600 8416 028 B030600 0 028 B040600 30919 028 C010600 40810 028 C020600 8256 028 C030600 0 028 C040600 27841 028 D010600 32902 028 D020600 8640 028 D030600 0 028 D040600 29362 028 E010600 46016 028 E020600 8909 028 E030600 0 028 E040600 23950 028 F010600 41172 028 F020600 8868 028 F030600 0 028 F040600 21900 028 G010600 265469 028 G020600 51174 028 G030600 0 028 G040600 164635 028 H000600 0 037 000600 N 038 000600 0 039 000600 N 040 000600 Y 041 000600 N 042 A000600 0 042 B000600 0 042 C000600 0 042 D000600 0 042 E000600 0 042 F000600 0 042 G000600 0 042 H000600 0 043 000600 0 044 000600 0 045 000600 Y 046 000600 N PAGE 23 047 000600 Y 048 000600 0.600 048 A010600 0 048 A020600 0.000 048 B010600 0 048 B020600 0.000 048 C010600 0 048 C020600 0.000 048 D010600 0 048 D020600 0.000 048 E010600 0 048 E020600 0.000 048 F010600 0 048 F020600 0.000 048 G010600 0 048 G020600 0.000 048 H010600 0 048 H020600 0.000 048 I010600 0 048 I020600 0.000 048 J010600 0 048 J020600 0.000 048 K010600 0 048 K020600 0.000 049 000600 N 050 000600 N 051 000600 N 052 000600 Y 053 A000600 Y 053 B000600 Y 053 C000600 N 054 A000600 Y 054 B000600 Y 054 C000600 Y 054 D000600 Y 054 E000600 Y 054 F000600 Y 054 G000600 Y 054 H000600 Y 054 I000600 N 054 J000600 Y 054 K000600 Y 054 L000600 Y 054 M000600 Y 054 N000600 Y 054 O000600 Y 055 A000600 N 055 B000600 N 056 000600 Y 057 000600 N 058 A000600 N PAGE 24 059 000600 Y 060 A000600 Y 060 B000600 Y 061 000600 25000 062 A000600 Y 062 B000600 0.0 062 C000600 0.0 062 D000600 5.4 062 E000600 0.0 062 F000600 0.0 062 G000600 0.0 062 H000600 0.0 062 I000600 0.0 062 J000600 0.0 062 K000600 0.0 062 L000600 0.0 062 M000600 0.0 062 N000600 60.9 062 O000600 0.0 062 P000600 24.2 062 Q000600 8.2 062 R000600 0.0 063 A000600 0 063 B000600 9.7 064 A000600 N 064 B000600 N 066 A000600 N 067 000600 N 068 A000600 N 068 B000600 N 069 000600 N 070 A010600 Y 070 A020600 Y 070 B010600 N 070 B020600 N 070 C010600 Y 070 C020600 N 070 D010600 N 070 D020600 N 070 E010600 Y 070 E020600 N 070 F010600 N 070 F020600 N 070 G010600 Y 070 G020600 N 070 H010600 N 070 H020600 N 070 I010600 N 070 I020600 N 070 J010600 Y 070 J020600 Y PAGE 25 070 K010600 Y 070 K020600 N 070 L010600 Y 070 L020600 Y 070 M010600 Y 070 M020600 N 070 N010600 Y 070 N020600 Y 070 O010600 Y 070 O020600 N 070 P010600 Y 070 P020600 N 070 Q010600 N 070 Q020600 N 070 R010600 Y 070 R020600 N 071 A000600 2042356 071 B000600 1937146 071 C000600 1590966 071 D000600 122 072 A000600 12 072 B000600 115461 072 C000600 0 072 D000600 0 072 E000600 136 072 F000600 9907 072 G000600 0 072 H000600 0 072 I000600 0 072 J000600 0 072 K000600 0 072 L000600 0 072 M000600 5 072 N000600 0 072 O000600 0 072 P000600 0 072 Q000600 0 072 R000600 0 072 S000600 0 072 T000600 0 072 U000600 0 072 V000600 0 072 W000600 0 072 X000600 9912 072 Y000600 1669 072 Z000600 107354 072AA000600 0 072BB000600 21054 072CC010600 23968 072CC020600 0 072DD010600 108036 PAGE 26 072DD020600 0 072EE000600 0 073 A010600 0.6450 073 A020600 0.0000 073 B000600 0.0000 073 C000600 0.0000 074 A000600 0 074 B000600 99483 074 C000600 0 074 D000600 1710666 074 E000600 0 074 F000600 0 074 G000600 0 074 H000600 0 074 I000600 0 074 J000600 18820 074 K000600 0 074 L000600 22303 074 M000600 0 074 N000600 1851272 074 O000600 13933 074 P000600 753 074 Q000600 0 074 R010600 0 074 R020600 0 074 R030600 0 074 R040600 1836 074 S000600 0 074 T000600 1834750 074 U010600 183506 074 U020600 0 074 V010600 10.00 074 V020600 0.00 074 W000600 0.0000 074 X000600 44118 074 Y000600 0 075 A000600 0 075 B000600 1652027 076 000600 0.00 015 A000801 THE CHASE MANHATTAN BANK 015 B000801 C 015 C010801 NEW YORK 015 C020801 NY 015 C030801 10081 015 E010801 X 024 000800 Y 025 A000801 LEHMAN BROTHERS, INC. 025 B000801 13-2518466 025 C000801 E 025 D000801 4034 025 A000802 MORGAN STANLY DEAN WITTER & CO. PAGE 27 025 B000802 13-2655998 025 C000802 E 025 D000802 3118 025 D000803 0 025 D000804 0 025 D000805 0 025 D000806 0 025 D000807 0 025 D000808 0 028 A010800 114634 028 A020800 0 028 A030800 0 028 A040800 31970 028 B010800 97743 028 B020800 0 028 B030800 0 028 B040800 37787 028 C010800 104755 028 C020800 0 028 C030800 0 028 C040800 25912 028 D010800 96827 028 D020800 0 028 D030800 0 028 D040800 27477 028 E010800 93963 028 E020800 0 028 E030800 0 028 E040800 24089 028 F010800 74103 028 F020800 0 028 F030800 0 028 F040800 39673 028 G010800 582025 028 G020800 0 028 G030800 0 028 G040800 186908 028 H000800 0 037 000800 N 038 000800 0 039 000800 N 040 000800 Y 041 000800 N 042 A000800 0 042 B000800 0 042 C000800 0 042 D000800 0 042 E000800 0 042 F000800 0 042 G000800 0 042 H000800 0 PAGE 28 043 000800 0 044 000800 0 045 000800 Y 046 000800 N 047 000800 N 048 000800 0.000 048 A010800 0 048 A020800 0.000 048 B010800 0 048 B020800 0.000 048 C010800 0 048 C020800 0.000 048 D010800 0 048 D020800 0.000 048 E010800 0 048 E020800 0.000 048 F010800 0 048 F020800 0.000 048 G010800 0 048 G020800 0.000 048 H010800 0 048 H020800 0.000 048 I010800 0 048 I020800 0.000 048 J010800 0 048 J020800 0.000 048 K010800 0 048 K020800 0.000 049 000800 N 050 000800 N 051 000800 N 052 000800 Y 053 A000800 Y 053 B000800 Y 053 C000800 N 054 A000800 Y 054 B000800 Y 054 C000800 N 054 D000800 N 054 E000800 N 054 F000800 N 054 G000800 Y 054 H000800 Y 054 I000800 N 054 J000800 Y 054 K000800 N 054 L000800 N 054 M000800 Y 054 N000800 N 054 O000800 Y 055 A000800 N PAGE 29 055 B000800 N 056 000800 Y 057 000800 N 058 A000800 N 059 000800 Y 060 A000800 Y 060 B000800 Y 061 000800 2500 062 A000800 N 062 B000800 0.0 062 C000800 0.0 062 D000800 0.0 062 E000800 0.0 062 F000800 0.0 062 G000800 0.0 062 H000800 0.0 062 I000800 0.0 062 J000800 0.0 062 K000800 0.0 062 L000800 0.0 062 M000800 0.0 062 N000800 0.0 062 O000800 0.0 062 P000800 0.0 062 Q000800 0.0 062 R000800 0.0 063 A000800 0 063 B000800 0.0 066 A000800 Y 066 B000800 N 066 C000800 N 066 D000800 N 066 E000800 N 066 F000800 N 066 G000800 Y 067 000800 N 068 A000800 N 068 B000800 N 069 000800 N 070 A010800 Y 070 A020800 Y 070 B010800 Y 070 B020800 N 070 C010800 Y 070 C020800 N 070 D010800 Y 070 D020800 N 070 E010800 Y 070 E020800 N 070 F010800 Y 070 F020800 Y PAGE 30 070 G010800 Y 070 G020800 N 070 H010800 Y 070 H020800 N 070 I010800 Y 070 I020800 N 070 J010800 Y 070 J020800 Y 070 K010800 Y 070 K020800 Y 070 L010800 Y 070 L020800 Y 070 M010800 Y 070 M020800 Y 070 N010800 Y 070 N020800 Y 070 O010800 Y 070 O020800 N 070 P010800 Y 070 P020800 Y 070 Q010800 N 070 Q020800 N 070 R010800 Y 070 R020800 N 071 A000800 1188219 071 B000800 679491 071 C000800 201150 071 D000800 338 072 A000800 12 072 B000800 3619 072 C000800 1195 072 D000800 0 072 E000800 10 072 F000800 1243 072 G000800 0 072 H000800 0 072 I000800 426 072 J000800 21 072 K000800 0 072 L000800 0 072 M000800 1 072 N000800 277 072 O000800 0 072 P000800 0 072 Q000800 100 072 R000800 21 072 S000800 0 072 T000800 0 072 U000800 0 072 V000800 0 072 W000800 0 PAGE 31 072 X000800 2089 072 Y000800 131 072 Z000800 2866 072AA000800 20502 072BB000800 0 072CC010800 6627 072CC020800 0 072DD010800 62 072DD020800 0 072EE000800 156 073 A010800 0.0200 073 A020800 0.0000 073 B000800 0.0500 073 C000800 0.0000 074 A000800 0 074 B000800 0 074 C000800 35398 074 D000800 37983 074 E000800 1618 074 F000800 499318 074 G000800 0 074 H000800 0 074 I000800 0 074 J000800 15789 074 K000800 0 074 L000800 5368 074 M000800 0 074 N000800 595474 074 O000800 13903 074 P000800 269 074 Q000800 0 074 R010800 0 074 R020800 0 074 R030800 0 074 R040800 16044 074 S000800 0 074 T000800 565258 074 U010800 36902 074 U020800 0 074 V010800 15.32 074 V020800 0.00 074 W000800 0.0000 074 X000800 31381 074 Y000800 0 075 A000800 0 075 B000800 217087 076 000800 0.00 SIGNATURE JOHN H. COSTELLO TITLE ASSISTANT TREASURER EX-27 2 0002.txt FDS314
6 0000354046 Fidelity Charles Street Trust 21 Fidelity Asset Manager 1,000 yEaR sep-30-2000 sep-30-2000 11,650,584 13,562,903 363,198 1,465 0 13,927,566 302,569 0 54,547 357,116 0 10,500,743 710,008 707,513 43,259 0 1,117,475 0 1,908,973 13,570,450 73,064 452,051 128 92,708 432,535 1,191,181 592,375 2,216,091 0 403,179 501,336 0 121,200 167,213 48,508 1,347,467 12,915 484,430 0 0 68,480 0 95,455 13,035,232 17.280 .610 2.530 .580 .730 0 19.110 73
EX-27 3 0003.txt FDS321
6 0000354046 Fidelity Charles Street Trust 31 Fidelity Asset Manager: Growth 1,000 yEaR sep-30-2000 sep-30-2000 4,834,055 5,265,923 131,315 385 0 5,397,623 115,896 0 25,482 141,378 0 3,961,122 258,569 265,105 122,706 0 741,893 0 430,524 5,256,245 44,283 123,968 36 40,337 127,950 747,808 (127,740) 748,018 0 117,014 286,035 0 43,800 71,349 21,013 204,952 124,030 304,330 0 0 29,970 0 41,902 5,208,301 19.050 .480 2.350 .450 1.100 0 20.330 80
EX-27 4 0004.txt FDS328
6 0000354046 Fidelity Charles Street Trust 51 Fidelity Asset Manager: Income 1,000 yEaR sep-30-2000 sep-30-2000 802,145 815,157 28,135 25 0 843,317 22,993 0 1,897 24,890 0 778,225 66,840 74,330 4,959 0 22,231 0 13,012 818,427 2,484 47,709 0 5,240 44,953 23,482 (1,889) 66,546 0 44,899 15,249 0 20,837 32,989 4,662 (84,328) 4,547 17,500 0 0 3,573 0 5,421 838,869 12.150 .650 .300 .650 .210 0 12.240 65
EX-27 5 0005.txt FDS347
6 0000354046 Fidelity Charles Street Trust 81 Fidelity Asset Manager: Aggressive 1,000 yEaR sep-30-2000 sep-30-2000 567,532 574,317 21,157 0 0 595,474 13,903 0 16,313 30,216 0 535,416 36,905 300 2,847 0 20,305 0 6,690 565,258 1,195 3,619 10 1,958 2,866 20,503 6,627 29,996 0 62 156 0 50,446 13,860 19 562,194 2 0 0 0 1,243 0 2,089 217,087 10.220 .190 4.980 .020 .050 0 15.320 96
EX-27 6 0006.txt FDS448
6 0000354046 Fidelity Charles Street Trust 61 Spartan Investment Grade Bond Fund 1,000 yEaR sep-30-2000 sep-30-2000 1,829,741 1,810,149 41,140 (17) 0 1,851,272 13,933 0 2,589 16,522 0 1,887,209 183,506 163,662 730 0 (33,580) 0 (19,609) 1,834,750 0 115,461 136 8,243 107,354 (21,054) 23,968 110,268 0 108,036 0 0 66,969 56,927 9,802 197,196 474 (11,015) 0 (6,924) 9,907 0 9,912 1,652,027 10.010 .640 (.005) .645 0 0 10.000 50
EX-99 7 0007.txt AUDITOR INDEPENDENT AUDITORS' REPORT To the Trustees and Shareholders of Fidelity Charles Street Trust: In planning and performing our audits of the financial statements of Fidelity Asset Manager Fund, Fidelity Asset Manager: Growth Fund, Fidelity Asset Manager: Income Fund, and Fidelity Asset Manager: Aggressive Fund (the "Funds"), each a fund of the Fidelity Charles Street Trust (the "Trust"), for the year ended September 30, 2000 (on which we have issued our reports dated November 7, 2000), we considered their internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on the Funds' internal control. The management of the Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States of America. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in any internal control, misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of internal control to future periods are subject to the risk that the internal control may become inadequate because of changes in conditions or that the degree of compliance with policies or procedures may deteriorate. Our consideration of the Funds' internal control would not necessarily disclose all matters in the internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the Funds' internal control and their operation, including controls for safeguarding securities that we consider to be material weaknesses as defined above as of September 30, 2000. This report is intended solely for the information and use of management, the Board of Trustees and Shareholders of Fidelity Charles Street Trust, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. DELOITTE & TOUCHE LLP November 7, 2000 EX-99 8 0008.txt SPARTAN INV. GRADE INDEPENDENT AUDITORS' REPORT To the Trustees and Shareholders of Fidelity Charles Street Trust: In planning and performing our audit of the financial statements of Fidelity Spartan Investment Grade Bond (the "Fund"), a fund of the Fidelity Charles Street Trust (the "Trust"), for the year ended September 30, 2000 (on which we have issued our report dated November 3, 2000), we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on the Fund's internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States of America. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in any internal control, misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of internal control to future periods are subject to the risk that the internal control may become inadequate because of changes in conditions or that the degree of compliance with policies or procedures may deteriorate. Our consideration of the Fund's internal control would not necessarily disclose all matters in the internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the Fund's internal control and its operation, including controls for safeguarding securities that we consider to be material weaknesses as defined above as of September 30, 2000. This report is intended solely for the information and use of management, the Board of Trustees and Shareholders of Fidelity Charles Street Trust, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. DELOITTE & TOUCHE LLP November 3, 2000 EX-99 9 0009.htm QUESTION 77-O FORM NSAR

FORM NSAR

Q77.O Transactions effected pursuant to Rule 10F3

                                   

Fidelity Charles Street Trust

                                   

Series Number

Fund

Trade Date

Settle Date

Security Name:

Size of Offering:

Aggregate Offering Value

Price:

Shares Purchased

Transaction Value

Underwriter Fidelity Purchased From

Underwriting Members:(1)

Underwriting Members:(2)

Underwriting Members:(3)

Underwriting Members:(4)

Underwriting Members:(5)

Underwriting Members:(6)

3

ASSET MANAGER GROWTH

08-Dec-99

13-Dec-99

Preview Systems, Inc.

3,800,000

79,800,000

21.00

700

14,700

BancBoston Robertson Stephens Inc.

BancBoston Robertson Stephens Inc.

Dain Rauscher Wessels

SoundView Technology Group, Inc.

E*Offering Corp

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

08-Dec-99

13-Dec-99

Preview Systems, Inc.

3,800,000

79,800,000

21.00

100

2,100

BancBoston Robertson Stephens Inc.

BancBoston Robertson Stephens Inc.

Dain Rauscher Wessels

SoundView Technology Group, Inc.

E*Offering Corp

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

09-Dec-99

15-Dec-99

Tularik

6,950,000

97,300,000

14.00

3,900

54,600

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Hambrecht & Quist LLC

J.P. Morgan Securities Inc.

Warburg Dillon Read LLC

BZ Bank Limited

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

06-Dec-99

10-Dec-99

Harris Interactive

5,800,000

81,200,000

14.00

2,900

40,600

Lehman Brothers Inc.

Lehman Brothers Inc.

U.S. Bancorp Piper Jaffray Inc.

Volpe Brown Whelan & Company, LLC

E*Offering Corp.

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

07-Dec-99

10-Dec-99

HealthCentral.com

7,500,000

82,500,000

11.00

3,200

35,200

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Hambrecht & Quist LLC

Pacific Growth Equities, Inc.

Wit Capital Corporation

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

22-Nov-99

29-Nov-99

deltathree.com

6,000,000

90,000,000

15.00

1,400

21,000

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Merrill Lynch, Pierce, Fenner & Smith Inc.

U.S. Bancorp Piper Jaffray Inc.

Lazard Freres & Co. LLC

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

19-Nov-99

24-Nov-99

Mediaplex

6,000,000

72,000,000

12.00

1,700

20,400

Lehman Brothers, Inc.

Lehman Brothers, Inc.

SG Cowen Securities Corporation

U.S. Bancorp Piper Jaffray Inc.

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

15-Feb-00

18-Feb-00

Chordiant Software

4,500,000

81,000,000

18.00

1,000

88,200

RSSF

FleetBoston Robertson Stephens Inc.

Dain Rauscher Incorporated

Thomas Weisel Partners LLC

0

0

0

3

ASSET MANAGER GROWTH

12-Nov-99

17-Nov-99

NetCreations Inc.

3,300,000

42,900,000

13.00

1,200

15,600

Friedman, Billings, Ramsey & Co, Inc.

Friedman, Billings, Ramsey & Co, Inc.

C.E. Unterberg, Towbin

fbr.com, a division of FBR Investment Services, Inc.

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

08-Dec-99

13-Dec-99

NetRatings

4,000,000

68,000,000

17.00

900

15,300

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Banc of America Securities LLC

CIBC World Markets Corp.

C.E. Unterberg, Towbin

Fidelity Capital Markets

3

ASSET MANAGER GROWTH

10-Feb-00

15-Feb-00

Xcare.net, Inc.

5,000,000

90,000,000

18.00

1,300

1,800

RSSF

FleetBoston Robertson Stephens Inc.

SG Cowen Securities Corporation

E*Offering Corp.

Advest, Inc.

0

0

3

ASSET MANAGER GROWTH

03-Feb-00

09-Feb-00

Dobson Communications Corporation

25,000,000

550,000,000

22.00

7,500

44,000

LEHM

Lehman Brothers Inc.

Salomon Smith Barney Inc.

Banc of America Securities LLC

Deutsche Bank Securities Inc.

Goldman, Sachs & Co.

Merrill Lynch, Pierce, Fenner & Smith Incorporated

3

ASSET MANAGER GROWTH

04-Feb-00

09-Feb-00

FirePond, Inc.

5,000,000

110,000,000

22.00

900

44,000

RSSF

FleetBoston Robertson Stephens Inc.

Dain Rauscher Incorporated

SG Cowen Securities Corporation

E*Offering Corp.

0

0

3

ASSET MANAGER GROWTH

03-Feb-00

09-Feb-00

Therma Wave, Inc.

9,000,000

180,000,000

20.00

2,100

224,000

LEHM

Banc of America Securities LLC

Lehman Brothers Inc.

Fidelity Capital Markets

0

0

0

3

ASSET MANAGER GROWTH

05-Apr-00

10-Apr-00

Ulticom

4,250,000

55,250,000

13.00

800

2,600

LEHM

Lehman Brothers

Chase H&Q

US Bancorp Piper Jaffrey

Fid Capital MKTS

0

0

3

ASSET MANAGER GROWTH

12-Apr-00

18-Apr-00

Nuance

4,400,000

74,800,000

17.00

2,400

34,000

GSCO

Goldman Sachs

Thomas Weisal Ptn.

Dain Rauscher Wessel

Wit Sondview

Fid. Capital MKTS

0

3

ASSET MANAGER GROWTH

12-May-00

17-May-00

SEQUOIA SOFTWARE CORP

4,200,000

33,600,000

8.00

3,200

15,200

LEHM

Lehman Brothers

SG Cowen

Wit Sound View

Fidelity Capital Markets

0

0

5

ASSET MANAGER INCOME

08-Dec-99

13-Dec-99

Preview Systems, Inc.

3,800,000

79,800,000

21.00

100

2,100

BancBoston Robertson Stephens Inc.

BancBoston Robertson Stephens Inc.

Dain Rauscher Wessels

SoundView Technology Group, Inc.

E*Offering Corp

Fidelity Capital Markets

5

ASSET MANAGER INCOME

09-Dec-99

15-Dec-99

Tularik

6,950,000

97,300,000

14.00

700

9,800

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Hambrecht & Quist LLC

J.P. Morgan Securities Inc.

Warburg Dillon Read LLC

BZ Bank Limited

Fidelity Capital Markets

5

ASSET MANAGER INCOME

05-Apr-00

10-Apr-00

Ulticom

4,250,000

55,250,000

13.00

100

2,600

LEHM

Lehman Brothers

Chase H&Q

US Bancorp Piper Jaffrey

Fid Capital MKTS

0

0

5

ASSET MANAGER INCOME

06-Dec-99

10-Dec-99

Harris Interactive

5,800,000

81,200,000

14.00

500

7,000

Lehman Brothers Inc.

Lehman Brothers Inc.

U.S. Bancorp Piper Jaffray Inc.

Volpe Brown Whelan & Company, LLC

E*Offering Corp.

Fidelity Capital Markets

5

ASSET MANAGER INCOME

07-Dec-99

10-Dec-99

HealthCentral.com

7,500,000

82,500,000

11.00

500

5,500

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Hambrecht & Quist LLC

Pacific Growth Equities, Inc.

Wit Capital Corporation

Fidelity Capital Markets

5

ASSET MANAGER INCOME

22-Nov-99

29-Nov-99

deltathree.com

6,000,000

90,000,000

15.00

200

3,000

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Merrill Lynch, Pierce, Fenner & Smith Inc.

U.S. Bancorp Piper Jaffray Inc.

Lazard Freres & Co. LLC

Fidelity Capital Markets

5

ASSET MANAGER INCOME

19-Nov-99

24-Nov-99

Mediaplex

6,000,000

72,000,000

12.00

300

3,600

Lehman Brothers, Inc.

Lehman Brothers, Inc.

SG Cowen Securities Corporation

U.S. Bancorp Piper Jaffray Inc.

Fidelity Capital Markets

5

ASSET MANAGER INCOME

15-Feb-00

18-Feb-00

Chordiant Software

4,500,000

81,000,000

18.00

200

88,200

RSSF

FleetBoston Robertson Stephens Inc.

Dain Rauscher Incorporated

Thomas Weisel Partners LLC

0

0

0

5

ASSET MANAGER INCOME

12-Nov-99

17-Nov-99

NetCreations Inc.

3,300,000

42,900,000

13.00

200

2,600

Friedman, Billings, Ramsey & Co, Inc.

Friedman, Billings, Ramsey & Co, Inc.

C.E. Unterberg, Towbin

fbr.com, a division of FBR Investment Services, Inc.

Fidelity Capital Markets

5

ASSET MANAGER INCOME

08-Dec-99

13-Dec-99

NetRatings

4,000,000

68,000,000

17.00

200

3,400

Lehman Brothers, Inc.

Lehman Brothers, Inc.

Banc of America Securities LLC

CIBC World Markets Corp.

C.E. Unterberg, Towbin

Fidelity Capital Markets

5

ASSET MANAGER INCOME

10-Feb-00

15-Feb-00

Xcare.net, Inc.

5,000,000

90,000,000

18.00

200

1,800

RSSF

FleetBoston Robertson Stephens Inc.

SG Cowen Securities Corporation

E*Offering Corp.

Advest, Inc.

0

0

5

ASSET MANAGER INCOME

03-Feb-00

09-Feb-00

Dobson Communications Corporation

25,000,000

550,000,000

22.00

1,000

44,000

LEHM

Lehman Brothers Inc.

Salomon Smith Barney Inc.

Banc of America Securities LLC

Deutsche Bank Securities Inc.

Goldman, Sachs & Co.

Merrill Lynch, Pierce, Fenner & Smith Incorporated

5

ASSET MANAGER INCOME

04-Feb-00

09-Feb-00

FirePond, Inc.

5,000,000

110,000,000

22.00

100

44,000

RSSF

FleetBoston Robertson Stephens Inc.

Dain Rauscher Incorporated

SG Cowen Securities Corporation

E*Offering Corp.

0

0

5

ASSET MANAGER INCOME

03-Feb-00

09-Feb-00

Therma Wave, Inc.

9,000,000

180,000,000

20.00

300

224,000

LEHM

Banc of America Securities LLC

Lehman Brothers Inc.

Fidelity Capital Markets

0

0

0

5

ASSET MANAGER INCOME

20-Jul-00

26-Jul-00

Telarian

4,200,000

67,200,000

16.00

200

4,800

LEHM

Lehman

SG Cowen

WIT Sound View

FCM

0

0

5

ASSET MANAGER INCOME

02-Aug-00

08-Aug-00

Rosetta Inpharmatics

7,200,000

100,800,000

14.00

200

2,800

LEHM

0

Lehman Brothers

FCM

Lazard

Prudential Vector Healthcare

0

0

5

ASSET MANAGER INCOME

28-Sep-00

04-Oct-00

Simple Technology

6,364,000

70,004,000

11.00

500

5,500

LEHM

Lehman Brothers

Banc of America

Fid. Capital Markets

0

0

0

5

ASSET MANAGER INCOME

18-Aug-00

23-Aug-00

Peco III Inc.

5,000,000

75,000,000

15.00

400

6,000

RSSF

0

Robertson Stephens

CIBC World Markets

Needham & Co.

FCM

0

0

5

ASSET MANAGER INCOME

17-Aug-00

23-Aug-00

Integrated Telecom Express

5,600,000

100,800,000

18.00

400

7,200

LEHM

0

Lehman Brothers

Bear stearns & Co.

Wit Soundview

FCM

0

0

5

ASSET MANAGER INCOME

09-Aug-00

14-Aug-00

H Power Corp.

7,000,000

112,000,000

16.00

300

4,800

LEHM

0

Lehman Brothers

CIBC World Markets

Deutsche Banc Alex Brown

Josephthal & Co.

FCM

0

5

ASSET MANAGER INCOME

12-Apr-00

18-Apr-00

Nuance

4,400,000

74,800,000

17.00

400

34,000

GSCO

Goldman Sachs

Thomas Weisal Ptn.

Dain Rauscher Wessel

Wit Sondview

Fid. Capital MKTS

0

5

ASSET MANAGER INCOME

21-Sep-00

26-Sep-00

TTM Technologies

7,500,000

120,000,000

16.00

500

8,000

RSSF

Robertson Stephens

Chase H&Q

DLJ

First Union

0

0

5

ASSET MANAGER INCOME

12-May-00

17-May-00

SEQUOIA SOFTWARE CORP

4,200,000

33,600,000

8.00

500

15,200

LEHM

Lehman Brothers

SG Cowen

Wit Sound View

Fidelity Capital Markets

0

0

5

ASSET MANAGER INCOME

26-Jun-00

30-Jun-00

Stratos Lightwave

8,750,000

183,750,000

21.00

300

10,500

LEHM

Lehman Brothers

CIBC World Mkt.

US Bancorp

Robert Baird

Tucker Anthony

Fid. Capital Markets

8

FID ASSET MANAGER AGGRESSIVE

26-Apr-00

02-May-00

AT&T WIRELESS GROUP

360,000,000

10,620,000,000

30.00

58,000

51,625,000

MOTC

Goldman Sachs

Marrill Lynch

Salomon Brothers

Fid. Capital MKTS

0

0

EX-99 10 0010.txt AM RESEARCH AGREEMENT Between FIDELITY MANAGEMENT & RESEARCH (Far East), INC. and FIDELITY INVESTMENTS JAPAN LIMITED AGREEMENT made this 1st day of January, 2000, by and between Fidelity Management & Research (Far East), Inc., a Massachusetts corporation (the "Sub- Advisor"); and Fidelity Investments Japan Limited, a Japanese corporation (the "Japan Sub-Advisor"). WHEREAS, Fidelity Management & Research Company, a Massachusetts corporation (the "Advisor"), has entered into a Management Contract (the "Management Contract") with Fidelity Charles Street Trust, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (the "Trust"), on behalf of Fidelity Asset Manager (the "Portfolio"), pursuant to which the Advisor acts as investment advisor to the Portfolio; and WHEREAS, the Sub-Advisor has entered into a Sub-Advisory Agreement (the "Sub-Advisory Agreement") with the Advisor, pursuant to which the Sub-Advisor, directly or through certain of its subsidiaries or other affiliated persons, may provide, at the Advisor's discretion, investment advice or investment management and order execution services to the Portfolio; and WHEREAS, the Japan Sub-Advisor has personnel in Japan, and has been formed for the purpose, among others, of researching and compiling information and recommendations with respect to the economies of Japan and other Asian countries and the securities of issuers located in Japan and other Asian countries; NOW THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Sub- Advisor and the Japan SubAdvisor hereby agree as follows: 1. Delegation of Duties: Pursuant to paragraph 1(c) of the SubAdvisory Agreement, the Sub-Advisor hereby delegates to the Japan Sub-Advisor, and the Japan Sub- Advisor hereby accepts, responsibility for performing such non-discretionary investment advisory and research services relating to the Japanese economy and the securities of Japanese issuers (and such other Asian economies and issuers as the Sub-Advisor may request from time to time) as may be requested of the Sub-Advisor by the Advisor pursuant to the Sub- Advisory Agreement. The Japan Sub-Advisor shall pay the salaries and fees of all personnel of the Japan SubAdvisor performing such services on behalf of the Portfolio. (a) Investment Advice: In connection with the performance of such services, the Japan Sub-Advisor shall furnish to the Advisor and the Sub-Advisor such factual information, research reports and investment recommendations as Advisor or the Sub-Advisor may reasonably require. Such information may include written and oral reports and analyses. All such reports, recommendations, analyses and other information may be used, transferred, assigned or sold by the Sub-Advisor, in its sole discretion, without the consent of the Japan Sub-Advisor. (b) Subsidiaries and Affiliates: The Japan Sub- Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the Japan Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the Trust to the extent required pursuant to the 1940 Act and rules thereunder. 2. Information to be Provided to the Trust, the Advisor and the Sub-Advisor: The Japan Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trust, the Advisor, and the Sub- Advisor, as the Trust's Board of Trustees, the Advisor or the Sub-Advisor may reasonably request from time to time, or as the Japan Sub-Advisor may deem to be desirable. 3. Compensation: For the services provided under this Agreement, the Sub-Advisor agrees to pay the Japan Sub- Advisor a monthly fee equal to 100% of the Japan Sub- Advisor's costs incurred in connection with rendering the services provided hereunder. The Japan Sub- Advisor's fee shall not be reduced to reflect expense reimbursements or fee waivers by the Sub-Advisor or the Advisor, if any, in effect from time to time. 4. Expenses: It is understood that the Portfolio will pay all of its expenses other than those expressly stated to be payable by the Japan Sub-Advisor hereunder, by the Sub-Advisor under the SubAdvisory Agreement or by the Advisor under the Management Contract. 5. Interested Persons: It is understood (i) that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor, the Sub- Advisor or the Japan SubAdvisor as directors, officers or otherwise, (ii) that directors, officers and stockholders of the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become similarly interested in the Trust, and (iii) that the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become interested in the Trust as a shareholder or otherwise. 6. Services to Other Companies or Accounts: The services of the Japan Sub-Advisor to the Sub-Advisor are not to be deemed to be exclusive, the Japan Sub- Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere in a material manner, with the Japan Sub-Advisor's ability to meet all of its obligations hereunder. The Japan Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Sub-Advisor, the Advisor or the Trust. 7. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Japan Sub-Advisor, the Japan Sub-Advisor shall not be subject to liability to the Sub-Advisor, the Advisor, the Trust or to any shareholder of the Portfolio for any act or omission in the course, of or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. 8. Liability. Notwithstanding anything in this Agreement to the contrary, it is understood that the Sub-Advisor shall remain liable to the Advisor and the Portfolio under the Sub-Advisory Agreement for the acts and omissions of Japan Sub-Advisor taken in the course of the performance of the Japan Sub- Advisor's duties hereunder to the same extent as would be the case had the Sub-Advisor performed such acts or omissions itself, provided, however, that to the extent the Sub-Advisor suffers a loss to the Advisor or the Portfolio as a result of or arising out of such acts or omissions of the Japan Sub- Advisor, the Sub-Advisor shall be entitled to seek redress against the Japan Sub-Advisor in accordance with the terms hereof. 9. Duration and Termination of Agreement; Amendments: (a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until July 31, 2000 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. (b) This Agreement may be modified by mutual consent of the Advisor, the Sub-Advisor, the Japan Sub- Advisor and the Portfolio subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission. (c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 9, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (d) Either the Advisor, the Sub-Advisor, the Japan Sub-Advisor or the Portfolio may, at any time on sixty (60) days' prior written notice to the other parties, terminate this Agreement, without payment of any penalty, by action of its Board of Trustees or Directors, or with respect to the Portfolio by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment. 10. Limitation of Liability: The Japan Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trust and agrees that any obligations of the Trust or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Japan Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Japan Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee. 11. Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof. The terms "registered investment company," "vote of a majority of the outstanding voting securities," "assignment," and "interested person," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended. IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above. FIDELITY MANAGEMENT & RESEARCH (Far East), INC. BY: /s/Laura B. Cronin Laura B. Cronin Treasurer FIDELITY INVESTMENTS JAPAN LIMITED BY: /s/Billy Wilder Billy Wilder President EX-99 11 0011.txt AMA RESEARCH AGREEMENT Between FIDELITY MANAGEMENT & RESEARCH (Far East), INC. and FIDELITY INVESTMENTS JAPAN LIMITED AGREEMENT made this 1st day of January, 2000, by and between Fidelity Management & Research (Far East), Inc., a Massachusetts corporation (the "Sub- Advisor"); and Fidelity Investments Japan Limited, a Japanese corporation (the "Japan Sub-Advisor"). WHEREAS, Fidelity Management & Research Company, a Massachusetts corporation (the "Advisor"), has entered into a Management Contract (the "Management Contract") with Fidelity Charles Street Trust, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (the "Trust"), on behalf of Fidelity Asset Manager: Aggressive (the "Portfolio"), pursuant to which the Advisor acts as investment advisor to the Portfolio; and WHEREAS, the Sub-Advisor has entered into a Sub- Advisory Agreement (the "Sub-Advisory Agreement") with the Advisor, pursuant to which the Sub-Advisor, directly or through certain of its subsidiaries or other affiliated persons, may provide, at the Advisor's discretion, investment advice or investment management and order execution services to the Portfolio; and WHEREAS, the Japan Sub-Advisor has personnel in Japan, and has been formed for the purpose, among others, of researching and compiling information and recommendations with respect to the economies of Japan and other Asian countries and the securities of issuers located in Japan and other Asian countries; NOW THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Sub- Advisor and the Japan SubAdvisor hereby agree as follows: 1. Delegation of Duties: Pursuant to paragraph 1(c) of the SubAdvisory Agreement, the Sub-Advisor hereby delegates to the Japan Sub-Advisor, and the Japan Sub- Advisor hereby accepts, responsibility for performing such non-discretionary investment advisory and research services relating to the Japanese economy and the securities of Japanese issuers (and such other Asian economies and issuers as the Sub-Advisor may request from time to time) as may be requested of the Sub-Advisor by the Advisor pursuant to the Sub- Advisory Agreement. The Japan Sub-Advisor shall pay the salaries and fees of all personnel of the Japan SubAdvisor performing such services on behalf of the Portfolio. (a) Investment Advice: In connection with the performance of such services, the Japan Sub-Advisor shall furnish to the Advisor and the Sub-Advisor such factual information, research reports and investment recommendations as Advisor or the Sub-Advisor may reasonably require. Such information may include written and oral reports and analyses. All such reports, recommendations, analyses and other information may be used, transferred, assigned or sold by the Sub-Advisor, in its sole discretion, without the consent of the Japan Sub-Advisor. (b) Subsidiaries and Affiliates: The Japan Sub- Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the Japan Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the Trust to the extent required pursuant to the 1940 Act and rules thereunder. 2. Information to be Provided to the Trust, the Advisor and the Sub-Advisor: The Japan Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trust, the Advisor, and the Sub- Advisor, as the Trust's Board of Trustees, the Advisor or the Sub-Advisor may reasonably request from time to time, or as the Japan Sub-Advisor may deem to be desirable. 3. Compensation: For the services provided under this Agreement, the Sub-Advisor agrees to pay the Japan Sub- Advisor a monthly fee equal to 100% of the Japan Sub- Advisor's costs incurred in connection with rendering the services provided hereunder. The Japan Sub- Advisor's fee shall not be reduced to reflect expense reimbursements or fee waivers by the Sub-Advisor or the Advisor, if any, in effect from time to time. 4. Expenses: It is understood that the Portfolio will pay all of its expenses other than those expressly stated to be payable by the Japan Sub-Advisor hereunder, by the Sub-Advisor under the SubAdvisory Agreement or by the Advisor under the Management Contract. 5. Interested Persons: It is understood (i) that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor, the Sub- Advisor or the Japan SubAdvisor as directors, officers or otherwise, (ii) that directors, officers and stockholders of the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become similarly interested in the Trust, and (iii) that the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become interested in the Trust as a shareholder or otherwise. 6. Services to Other Companies or Accounts: The services of the Japan Sub-Advisor to the Sub-Advisor are not to be deemed to be exclusive, the Japan Sub- Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere in a material manner, with the Japan Sub-Advisor's ability to meet all of its obligations hereunder. The Japan Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Sub-Advisor, the Advisor or the Trust. 7. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Japan Sub-Advisor, the Japan Sub-Advisor shall not be subject to liability to the Sub-Advisor, the Advisor, the Trust or to any shareholder of the Portfolio for any act or omission in the course, of or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. 8. Liability. Notwithstanding anything in this Agreement to the contrary, it is understood that the Sub-Advisor shall remain liable to the Advisor and the Portfolio under the Sub-Advisory Agreement for the acts and omissions of Japan Sub-Advisor taken in the course of the performance of the Japan Sub- Advisor's duties hereunder to the same extent as would be the case had the Sub-Advisor performed such acts or omissions itself, provided, however, that to the extent the Sub-Advisor suffers a loss to the Advisor or the Portfolio as a result of or arising out of such acts or omissions of the Japan Sub- Advisor, the Sub-Advisor shall be entitled to seek redress against the Japan Sub-Advisor in accordance with the terms hereof. 9. Duration and Termination of Agreement; Amendments: (a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until July 31, 2000 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. (b) This Agreement may be modified by mutual consent of the Advisor, the Sub-Advisor, the Japan Sub- Advisor and the Portfolio subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission. (c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 9, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (d) Either the Advisor, the Sub-Advisor, the Japan Sub-Advisor or the Portfolio may, at any time on sixty (60) days' prior written notice to the other parties, terminate this Agreement, without payment of any penalty, by action of its Board of Trustees or Directors, or with respect to the Portfolio by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment. 10. Limitation of Liability: The Japan Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trust and agrees that any obligations of the Trust or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Japan Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Japan Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee. 11. Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof. The terms "registered investment company," "vote of a majority of the outstanding voting securities," "assignment," and "interested person," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended. IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above. FIDELITY MANAGEMENT & RESEARCH (Far East), INC. BY: /s/Laura B. Cronin Laura B. Cronin Treasurer FIDELITY INVESTMENTS JAPAN LIMITED BY: /s/Billy Wilder Billy Wilder President EX-99 12 0012.txt AMG RESEARCH AGREEMENT Between FIDELITY MANAGEMENT & RESEARCH (Far East), INC. and FIDELITY INVESTMENTS JAPAN LIMITED AGREEMENT made this 1st day of January, 2000, by and between Fidelity Management & Research (Far East), Inc., a Massachusetts corporation (the "Sub- Advisor"); and Fidelity Investments Japan Limited, a Japanese corporation (the "Japan Sub-Advisor"). WHEREAS, Fidelity Management & Research Company, a Massachusetts corporation (the "Advisor"), has entered into a Management Contract (the "Management Contract") with Fidelity Charles Street Trust, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (the "Trust"), on behalf of Fidelity Asset Manager: Growth (the "Portfolio"), pursuant to which the Advisor acts as investment advisor to the Portfolio; and WHEREAS, the Sub-Advisor has entered into a Sub- Advisory Agreement (the "Sub-Advisory Agreement") with the Advisor, pursuant to which the Sub-Advisor, directly or through certain of its subsidiaries or other affiliated persons, may provide, at the Advisor's discretion, investment advice or investment management and order execution services to the Portfolio; and WHEREAS, the Japan Sub-Advisor has personnel in Japan, and has been formed for the purpose, among others, of researching and compiling information and recommendations with respect to the economies of Japan and other Asian countries and the securities of issuers located in Japan and other Asian countries; NOW THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Sub- Advisor and the Japan SubAdvisor hereby agree as follows: 1. Delegation of Duties: Pursuant to paragraph 1(c) of the SubAdvisory Agreement, the Sub-Advisor hereby delegates to the Japan Sub-Advisor, and the Japan Sub- Advisor hereby accepts, responsibility for performing such non-discretionary investment advisory and research services relating to the Japanese economy and the securities of Japanese issuers (and such other Asian economies and issuers as the Sub-Advisor may request from time to time) as may be requested of the Sub-Advisor by the Advisor pursuant to the Sub- Advisory Agreement. The Japan Sub-Advisor shall pay the salaries and fees of all personnel of the Japan SubAdvisor performing such services on behalf of the Portfolio. (a) Investment Advice: In connection with the performance of such services, the Japan Sub-Advisor shall furnish to the Advisor and the Sub-Advisor such factual information, research reports and investment recommendations as Advisor or the Sub-Advisor may reasonably require. Such information may include written and oral reports and analyses. All such reports, recommendations, analyses and other information may be used, transferred, assigned or sold by the Sub-Advisor, in its sole discretion, without the consent of the Japan Sub-Advisor. (b) Subsidiaries and Affiliates: The Japan Sub- Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the Japan Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the Trust to the extent required pursuant to the 1940 Act and rules thereunder. 2. Information to be Provided to the Trust, the Advisor and the Sub-Advisor: The Japan Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trust, the Advisor, and the Sub- Advisor, as the Trust's Board of Trustees, the Advisor or the Sub-Advisor may reasonably request from time to time, or as the Japan Sub-Advisor may deem to be desirable. 3. Compensation: For the services provided under this Agreement, the Sub-Advisor agrees to pay the Japan Sub- Advisor a monthly fee equal to 100% of the Japan Sub- Advisor's costs incurred in connection with rendering the services provided hereunder. The Japan Sub- Advisor's fee shall not be reduced to reflect expense reimbursements or fee waivers by the Sub-Advisor or the Advisor, if any, in effect from time to time. 4. Expenses: It is understood that the Portfolio will pay all of its expenses other than those expressly stated to be payable by the Japan Sub-Advisor hereunder, by the Sub-Advisor under the SubAdvisory Agreement or by the Advisor under the Management Contract. 5. Interested Persons: It is understood (i) that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor, the Sub- Advisor or the Japan SubAdvisor as directors, officers or otherwise, (ii) that directors, officers and stockholders of the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become similarly interested in the Trust, and (iii) that the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become interested in the Trust as a shareholder or otherwise. 6. Services to Other Companies or Accounts: The services of the Japan Sub-Advisor to the Sub-Advisor are not to be deemed to be exclusive, the Japan Sub- Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere in a material manner, with the Japan Sub-Advisor's ability to meet all of its obligations hereunder. The Japan Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Sub-Advisor, the Advisor or the Trust. 7. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Japan Sub-Advisor, the Japan Sub-Advisor shall not be subject to liability to the Sub-Advisor, the Advisor, the Trust or to any shareholder of the Portfolio for any act or omission in the course, of or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. 8. Liability. Notwithstanding anything in this Agreement to the contrary, it is understood that the Sub-Advisor shall remain liable to the Advisor and the Portfolio under the Sub-Advisory Agreement for the acts and omissions of Japan Sub-Advisor taken in the course of the performance of the Japan Sub- Advisor's duties hereunder to the same extent as would be the case had the Sub-Advisor performed such acts or omissions itself, provided, however, that to the extent the Sub-Advisor suffers a loss to the Advisor or the Portfolio as a result of or arising out of such acts or omissions of the Japan Sub- Advisor, the Sub-Advisor shall be entitled to seek redress against the Japan Sub-Advisor in accordance with the terms hereof. 9. Duration and Termination of Agreement; Amendments: (a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until July 31, 2000 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. (b) This Agreement may be modified by mutual consent of the Advisor, the Sub-Advisor, the Japan Sub- Advisor and the Portfolio subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission. (c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 9, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (d) Either the Advisor, the Sub-Advisor, the Japan Sub-Advisor or the Portfolio may, at any time on sixty (60) days' prior written notice to the other parties, terminate this Agreement, without payment of any penalty, by action of its Board of Trustees or Directors, or with respect to the Portfolio by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment. 10. Limitation of Liability: The Japan Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trust and agrees that any obligations of the Trust or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Japan Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Japan Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee. 11. Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof. The terms "registered investment company," "vote of a majority of the outstanding voting securities," "assignment," and "interested person," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended. IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above. FIDELITY MANAGEMENT & RESEARCH (Far East), INC. BY: /s/Laura B. Cronin Laura B. Cronin Treasurer FIDELITY INVESTMENTS JAPAN LIMITED BY: /s/Billy Wilder Billy Wilder President EX-99 13 0013.txt AMI RESEARCH AGREEMENT Between FIDELITY MANAGEMENT & RESEARCH (Far East), INC. and FIDELITY INVESTMENTS JAPAN LIMITED AGREEMENT made this 1st day of January, 2000, by and between Fidelity Management & Research (Far East), Inc., a Massachusetts corporation (the "Sub- Advisor"); and Fidelity Investments Japan Limited, a Japanese corporation (the "Japan Sub-Advisor"). WHEREAS, Fidelity Management & Research Company, a Massachusetts corporation (the "Advisor"), has entered into a Management Contract (the "Management Contract") with Fidelity Charles Street Trust, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (the "Trust"), on behalf of Fidelity Asset Manager: Income (the "Portfolio"), pursuant to which the Advisor acts as investment advisor to the Portfolio; and WHEREAS, the Sub-Advisor has entered into a Sub- Advisory Agreement (the "Sub-Advisory Agreement") with the Advisor, pursuant to which the Sub-Advisor, directly or through certain of its subsidiaries or other affiliated persons, may provide, at the Advisor's discretion, investment advice or investment management and order execution services to the Portfolio; and WHEREAS, the Japan Sub-Advisor has personnel in Japan, and has been formed for the purpose, among others, of researching and compiling information and recommendations with respect to the economies of Japan and other Asian countries and the securities of issuers located in Japan and other Asian countries; NOW THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Sub- Advisor and the Japan SubAdvisor hereby agree as follows: 1. Delegation of Duties: Pursuant to paragraph 1(c) of the SubAdvisory Agreement, the Sub-Advisor hereby delegates to the Japan Sub-Advisor, and the Japan Sub- Advisor hereby accepts, responsibility for performing such non-discretionary investment advisory and research services relating to the Japanese economy and the securities of Japanese issuers (and such other Asian economies and issuers as the Sub-Advisor may request from time to time) as may be requested of the Sub-Advisor by the Advisor pursuant to the Sub- Advisory Agreement. The Japan Sub-Advisor shall pay the salaries and fees of all personnel of the Japan SubAdvisor performing such services on behalf of the Portfolio. (a) Investment Advice: In connection with the performance of such services, the Japan Sub-Advisor shall furnish to the Advisor and the Sub-Advisor such factual information, research reports and investment recommendations as Advisor or the Sub-Advisor may reasonably require. Such information may include written and oral reports and analyses. All such reports, recommendations, analyses and other information may be used, transferred, assigned or sold by the Sub-Advisor, in its sole discretion, without the consent of the Japan Sub-Advisor. (b) Subsidiaries and Affiliates: The Japan Sub- Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the Japan Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the Trust to the extent required pursuant to the 1940 Act and rules thereunder. 2. Information to be Provided to the Trust, the Advisor and the Sub-Advisor: The Japan Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trust, the Advisor, and the Sub- Advisor, as the Trust's Board of Trustees, the Advisor or the Sub-Advisor may reasonably request from time to time, or as the Japan Sub-Advisor may deem to be desirable. 3. Compensation: For the services provided under this Agreement, the Sub-Advisor agrees to pay the Japan Sub- Advisor a monthly fee equal to 100% of the Japan Sub- Advisor's costs incurred in connection with rendering the services provided hereunder. The Japan Sub- Advisor's fee shall not be reduced to reflect expense reimbursements or fee waivers by the Sub-Advisor or the Advisor, if any, in effect from time to time. 4. Expenses: It is understood that the Portfolio will pay all of its expenses other than those expressly stated to be payable by the Japan Sub-Advisor hereunder, by the Sub-Advisor under the SubAdvisory Agreement or by the Advisor under the Management Contract. 5. Interested Persons: It is understood (i) that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor, the Sub- Advisor or the Japan SubAdvisor as directors, officers or otherwise, (ii) that directors, officers and stockholders of the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become similarly interested in the Trust, and (iii) that the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become interested in the Trust as a shareholder or otherwise. 6. Services to Other Companies or Accounts: The services of the Japan Sub-Advisor to the Sub-Advisor are not to be deemed to be exclusive, the Japan Sub- Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere in a material manner, with the Japan Sub-Advisor's ability to meet all of its obligations hereunder. The Japan Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Sub-Advisor, the Advisor or the Trust. 7. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Japan Sub-Advisor, the Japan Sub-Advisor shall not be subject to liability to the Sub-Advisor, the Advisor, the Trust or to any shareholder of the Portfolio for any act or omission in the course, of or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. 8. Liability. Notwithstanding anything in this Agreement to the contrary, it is understood that the Sub-Advisor shall remain liable to the Advisor and the Portfolio under the Sub-Advisory Agreement for the acts and omissions of Japan Sub-Advisor taken in the course of the performance of the Japan Sub- Advisor's duties hereunder to the same extent as would be the case had the Sub-Advisor performed such acts or omissions itself, provided, however, that to the extent the Sub-Advisor suffers a loss to the Advisor or the Portfolio as a result of or arising out of such acts or omissions of the Japan Sub- Advisor, the Sub-Advisor shall be entitled to seek redress against the Japan Sub-Advisor in accordance with the terms hereof. 9. Duration and Termination of Agreement; Amendments: (a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until July 31, 2000 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. (b) This Agreement may be modified by mutual consent of the Advisor, the Sub-Advisor, the Japan Sub- Advisor and the Portfolio subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission. (c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 9, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (d) Either the Advisor, the Sub-Advisor, the Japan Sub-Advisor or the Portfolio may, at any time on sixty (60) days' prior written notice to the other parties, terminate this Agreement, without payment of any penalty, by action of its Board of Trustees or Directors, or with respect to the Portfolio by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment. 10. Limitation of Liability: The Japan Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trust and agrees that any obligations of the Trust or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Japan Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Japan Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee. 11. Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof. The terms "registered investment company," "vote of a majority of the outstanding voting securities," "assignment," and "interested person," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended. IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above. FIDELITY MANAGEMENT & RESEARCH (Far East), INC. BY: /s/Laura B. Cronin Laura B. Cronin Treasurer FIDELITY INVESTMENTS JAPAN LIMITED BY: /s/Billy Wilder Billy Wilder President EX-99 14 0014.txt SIGB RESEARCH AGREEMENT Between FIDELITY MANAGEMENT & RESEARCH (Far East), INC. and FIDELITY INVESTMENTS JAPAN LIMITED AGREEMENT made this 1st day of January, 2000, by and between Fidelity Management & Research (Far East), Inc., a Massachusetts corporation (the "Sub- Advisor"); and Fidelity Investments Japan Limited, a Japanese corporation (the "Japan Sub-Advisor"). WHEREAS, Fidelity Management & Research Company, a Massachusetts corporation (the "Advisor"), has entered into a Management Contract (the "Management Contract") with Fidelity Charles Street Trust, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (the "Trust"), on behalf of Spartan Investment Grade Bond Fund (the "Portfolio"), pursuant to which the Advisor acts as investment advisor to the Portfolio; and WHEREAS, the Sub-Advisor has entered into a Sub- Advisory Agreement (the "Sub-Advisory Agreement") with the Advisor, pursuant to which the Sub-Advisor, directly or through certain of its subsidiaries or other affiliated persons, may provide, at the Advisor's discretion, investment advice or investment management and order execution services to the Portfolio; and WHEREAS, the Japan Sub-Advisor has personnel in Japan, and has been formed for the purpose, among others, of researching and compiling information and recommendations with respect to the economies of Japan and other Asian countries and the securities of issuers located in Japan and other Asian countries; NOW THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Sub- Advisor and the Japan SubAdvisor hereby agree as follows: 1. Delegation of Duties: Pursuant to paragraph 1(c) of the SubAdvisory Agreement, the Sub-Advisor hereby delegates to the Japan Sub-Advisor, and the Japan Sub- Advisor hereby accepts, responsibility for performing such non-discretionary investment advisory and research services relating to the Japanese economy and the securities of Japanese issuers (and such other Asian economies and issuers as the Sub-Advisor may request from time to time) as may be requested of the Sub-Advisor by the Advisor pursuant to the Sub- Advisory Agreement. The Japan Sub-Advisor shall pay the salaries and fees of all personnel of the Japan SubAdvisor performing such services on behalf of the Portfolio. (a) Investment Advice: In connection with the performance of such services, the Japan Sub-Advisor shall furnish to the Advisor and the Sub-Advisor such factual information, research reports and investment recommendations as Advisor or the Sub-Advisor may reasonably require. Such information may include written and oral reports and analyses. All such reports, recommendations, analyses and other information may be used, transferred, assigned or sold by the Sub-Advisor, in its sole discretion, without the consent of the Japan Sub-Advisor. (b) Subsidiaries and Affiliates: The Japan Sub- Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the Japan Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the Trust to the extent required pursuant to the 1940 Act and rules thereunder. 2. Information to be Provided to the Trust, the Advisor and the Sub-Advisor: The Japan Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trust, the Advisor, and the Sub- Advisor, as the Trust's Board of Trustees, the Advisor or the Sub-Advisor may reasonably request from time to time, or as the Japan Sub-Advisor may deem to be desirable. 3. Compensation: For the services provided under this Agreement, the Sub-Advisor agrees to pay the Japan Sub- Advisor a monthly fee equal to 100% of the Japan Sub- Advisor's costs incurred in connection with rendering the services provided hereunder. The Japan Sub- Advisor's fee shall not be reduced to reflect expense reimbursements or fee waivers by the Sub-Advisor or the Advisor, if any, in effect from time to time. 4. Expenses: It is understood that the Portfolio will pay all of its expenses other than those expressly stated to be payable by the Japan Sub-Advisor hereunder, by the Sub-Advisor under the SubAdvisory Agreement or by the Advisor under the Management Contract. 5. Interested Persons: It is understood (i) that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor, the Sub- Advisor or the Japan SubAdvisor as directors, officers or otherwise, (ii) that directors, officers and stockholders of the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become similarly interested in the Trust, and (iii) that the Advisor, the Sub-Advisor or the Japan Sub-Advisor are or may be or become interested in the Trust as a shareholder or otherwise. 6. Services to Other Companies or Accounts: The services of the Japan Sub-Advisor to the Sub-Advisor are not to be deemed to be exclusive, the Japan Sub- Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere in a material manner, with the Japan Sub-Advisor's ability to meet all of its obligations hereunder. The Japan Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Sub-Advisor, the Advisor or the Trust. 7. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Japan Sub-Advisor, the Japan Sub-Advisor shall not be subject to liability to the Sub-Advisor, the Advisor, the Trust or to any shareholder of the Portfolio for any act or omission in the course, of or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. 8. Liability. Notwithstanding anything in this Agreement to the contrary, it is understood that the Sub-Advisor shall remain liable to the Advisor and the Portfolio under the Sub-Advisory Agreement for the acts and omissions of Japan Sub-Advisor taken in the course of the performance of the Japan Sub- Advisor's duties hereunder to the same extent as would be the case had the Sub-Advisor performed such acts or omissions itself, provided, however, that to the extent the Sub-Advisor suffers a loss to the Advisor or the Portfolio as a result of or arising out of such acts or omissions of the Japan Sub- Advisor, the Sub-Advisor shall be entitled to seek redress against the Japan Sub-Advisor in accordance with the terms hereof. 9. Duration and Termination of Agreement; Amendments: (a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until June 30, 2000 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio. (b) This Agreement may be modified by mutual consent of the Advisor, the Sub-Advisor, the Japan Sub- Advisor and the Portfolio subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases of, the Commission. (c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 9, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (d) Either the Advisor, the Sub-Advisor, the Japan Sub-Advisor or the Portfolio may, at any time on sixty (60) days' prior written notice to the other parties, terminate this Agreement, without payment of any penalty, by action of its Board of Trustees or Directors, or with respect to the Portfolio by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment. 10. Limitation of Liability: The Japan Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trust and agrees that any obligations of the Trust or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Japan Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Japan Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee. 11. Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof. The terms "registered investment company," "vote of a majority of the outstanding voting securities," "assignment," and "interested person," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended. IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above. FIDELITY MANAGEMENT & RESEARCH (Far East), INC. BY: /s/Laura B. Cronin Laura B. Cronin Treasurer FIDELITY INVESTMENTS JAPAN LIMITED BY: /s/Billy Wilder Billy Wilder President -----END PRIVACY-ENHANCED MESSAGE-----