-----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, LNevaIKkhZ08xQdBZR9Rm8sHpPhwG1rt6ngnMJlE+1jJjUgfq19/HqUHB4Umid/T zMWpKW5DNYW2vaipIgl3ig== 0000354046-08-000019.txt : 20080923 0000354046-08-000019.hdr.sgml : 20080923 20080923113245 ACCESSION NUMBER: 0000354046-08-000019 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20080923 DATE AS OF CHANGE: 20080923 EFFECTIVENESS DATE: 20080923 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CHARLES STREET TRUST CENTRAL INDEX KEY: 0000354046 IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-73133 FILM NUMBER: 081083838 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 0000354046 S000005456 Fidelity Asset Manager 50% C000014857 Fidelity Asset Manager 50% FASMX 0000354046 S000005457 Fidelity Asset Manager 85% C000014858 Fidelity Asset Manager 85% FAMRX 0000354046 S000005458 Fidelity Asset Manager 70% C000014859 Fidelity Asset Manager 70% FASGX 0000354046 S000005459 Fidelity Asset Manager 20% C000014860 Fidelity Asset Manager 20% FAXIX 497 1 charsupps.htm

Supplement to the
Fidelity Asset Manager® 70%
November 29, 2007
Prospectus

<R>Fidelity Asset Manager 70% is composed of multiple classes of shares. References to the fund are deemed to include class where applicable.</R>

<R>The following information replaces the similar information found under the heading "Year-by-Year Returns" in the "Fund Summary" section on page 4.</R>

<R>Asset Manager 70%</R>

<R>Calendar Years
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007</R>

<R>

18.08%

13.97%

-3.55%

-7.22%

-14.05%

21.93%

6.05%

3.77%

10.33%

7.20%</R>

<R>
fid1241

<R>During the periods shown in the chart for Asset Manager 70%:
Returns
Quarter ended</R>

<R>Highest Quarter Return

16.07%

December 31, 1998</R>

<R>Lowest Quarter Return

-11.83%

June 30, 2002</R>

<R>Year-to-Date Return

-9.06%

June 30, 2008</R>

<R>AMG-08-02 September 23, 2008
1.471579.115</R>

<R>The following information replaces the similar information found under the heading "Average Annual Returns" in the "Fund Summary" section on page 5.</R>

<R>For the periods ended
December 31, 2007
Past 1
year
Past 5
years
Past 10
years</R>

<R>Asset Manager 70%

 

 

</R>

<R>Return Before Taxes

7.20%

9.68%

5.09%</R>

<R>Return After Taxes on Distributions

6.45%

9.08%

3.60%</R>

<R>Return After Taxes on Distributions and Sale of Fund Shares

4.85%

8.15%

3.67%</R>

<R>S&P 500® Index (reflects no deduction for fees, expenses, or taxes)

5.49%

12.83%

5.91%</R>

<R>Fidelity Asset Manager 70% Composite Index
(reflects no deduction for fees, expenses, or taxes)

6.62%

10.36%

6.14%</R>

Effective July 1, 2008, the following information replaces the biographical information for Dick Habermann and Derek Young found in the "Fund Management" section on page 24.

Derek Young is manager of Asset Manager 70%, which he has managed since October 2007. He also manages other Fidelity funds. Since joining Fidelity Investments in 1996, Mr. Young has worked as director of Risk Management, senior vice president of Strategic Services and portfolio manager.

Supplement to the
Fidelity® Asset ManagerSM Funds
November 29, 2007
Prospectus

<R>Fidelity Asset Manager® 70% is composed of multiple classes of shares. References to the fund are deemed to include class where applicable.</R>

<R>The following information replaces the similar information found under the heading "Year-by-Year Returns" in the "Fund Summary" section on page 6.</R>

<R>Asset Manager 70%</R>

<R>Calendar Years
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007</R>

<R>

18.08%

13.97%

-3.55%

-7.22%

-14.05%

21.93%

6.05%

3.77%

10.33%

7.20%</R>

<R>
fid1243

<R>During the periods shown in the chart for Asset Manager 70%:
Returns
Quarter ended</R>

<R>Highest Quarter Return

16.07%

December 31, 1998</R>

<R>Lowest Quarter Return

-11.83%

June 30, 2002</R>

<R>Year-to-Date Return

-9.06%

June 30, 2008</R>

<R>The following information replaces the similar information found under the heading "Average Annual Returns" in the "Fund Summary" section on page 7.</R>

<R>For the periods ended
December 31, 2007
Past 1
year
Past 5
years
Past 10
years</R>

<R>Asset Manager 70%

 

 

</R>

<R> Return Before Taxes

7.20%

9.68%

5.09%</R>

<R> Return After Taxes on Distributions

6.45%

9.08%

3.60%</R>

<R> Return After Taxes on Distributions and Sale of Fund Shares

4.85%

8.15%

3.67%</R>

<R>S&P 500® Index (reflects no deduction for fees, expenses, or taxes)

5.49%

12.83%

5.91%</R>

<R>Fidelity Asset Manager 70% Composite Index (reflects no deduction for fees, expenses, or taxes)

6.62%

10.36%

6.14%</R>

Effective July 1, 2008, the following information replaces the biographical information for Dick Habermann and Derek Young found in the "Fund Management" section on page 22.

Derek Young is manager of Fidelity Asset Manager Funds, which he has managed since October 2007. He also manages other Fidelity funds. Since joining Fidelity Investments in 1996, Mr. Young has worked as director of Risk Management, senior vice president of Strategic Services and portfolio manager.

<R>FFM-08-02 September 23, 2008
1.471528.120</R>

Supplement to the

Fidelity Asset Manager® 20%

Fidelity Asset Manager® 50%

Fidelity Asset Manager® 70%

Fidelity Asset Manager® 85%

Funds of Fidelity Charles Street Trust

STATEMENT OF ADDITIONAL INFORMATION

November 29, 2007

<R>Fidelity Asset Manager 70% is composed of multiple classes of shares. References to the fund are deemed to include class where applicable.</R>

Effective July 1, 2008, Richard Habermann no longer serves as co-manager of the funds and all references to Mr. Habermann in the "Management Contracts" section beginning on page 31 are no longer applicable.

<R>FFMB-08-02 September 23, 2008
1.473233.119</R>

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