Prospectus - Investment Objective

This example helps compare the cost of investing in the fund with the cost of investing in other funds.

Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:

1 year	$	2
3 years	$	6
5 years	$	32
10 years	$	118

Portfolio Turnover

The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. For the period from February 9, 2022 to September 30, 2022, the fund's portfolio turnover rate was 11 % annualized of the average value of its portfolio.

Principal Investment Strategies

Investing in a combination of two Fidelity® equity index funds (U.S. and international) and two Fidelity® investment-grade bond index funds.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:

Principal Investment Risks

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Foreign Exposure.

Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending transaction) can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's value or result in delays in recovering securities and/or capital from a counterparty.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.

Passive Management Risk.

Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Securities Lending Risk.

Securities lending involves the risk that the borrower may fail to return the securities loaned in a timely manner or at all. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, an underlying fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral.

An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency . You could lose money by investing in the fund.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager.

Portfolio Manager(s)

Sharon Delia Dolan (Co-Portfolio Manager) has managed the fund since 2022.

Kristina Stookey (Co-Portfolio Manager) has managed the fund since 2022.

Purchase and Sale of Shares

Shares are available only to certain Fidelity ® health savings accounts that are made available through Raytheon Technologies Corporation ("Raytheon"). Current Raytheon employees, and recently separated former Raytheon employees, may buy shares of the fund.

You may buy or sell shares in various ways:

Internet

www.netbenefits.com

Phone

For Health Savings Accounts:

Corporate Clients 1-800-544-3716

Mail

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

Overnight Express:

Fidelity Investments

100 Crosby Parkway

Covington, KY 41015

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.

Fund Summary

Fund:

Balanced Allocation Fund

Investment Objective

Balanced Allocation Fund seeks high total return.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.10 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.00 %
Acquired fund fees and expenses	0.02 %
Total annual operating expenses A	0.12 %
Fee waiver and/or expense reimbursement B	0.10 %
Total annual operating expenses after fee waiver and/or expense reimbursement A	0.02 %

A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.

B Fidelity Management & Research Company LLC (FMR) has contractually agreed to waive 0.10% of the fund's management fee. This arrangement will remain in effect through January 31, 2026. FMR may not terminate this arrangement before the expiration date without the approval of the Board of Trustees and may extend it in its discretion after that date.

1 year	$	2
3 years	$	6
5 years	$	32
10 years	$	118

Portfolio Turnover

The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. For the period from February 9, 2022 to September 30, 2022, the fund's portfolio turnover rate was 12 % annualized of the average value of its portfolio.

Principal Investment Strategies

Investing in a combination of two Fidelity® equity index funds (U.S. and international) and two Fidelity® investment-grade bond index funds.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:

Principal Investment Risks

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Foreign and Emerging Markets Risk.

Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

Passive Management Risk.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Mid Cap Investing.

The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.

Small Cap Investing.

The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.

Securities Lending Risk.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager.

Portfolio Manager(s)

Sharon Delia Dolan (Co-Portfolio Manager) has managed the fund since 2022.

Kristina Stookey (Co-Portfolio Manager) has managed the fund since 2022.

Purchase and Sale of Shares

You may buy or sell shares in various ways:

Internet

www.netbenefits.com

Phone

For Health Savings Accounts:

Corporate Clients 1-800-544-3716

Mail

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

Overnight Express:

Fidelity Investments

100 Crosby Parkway

Covington, KY 41015

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund:

Growth Allocation Fund

Investment Objective

Growth Allocation Fund seeks capital appreciation.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.10 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.00 %
Acquired fund fees and expenses	0.02 %
Total annual operating expenses A	0.12 %
Fee waiver and/or expense reimbursement B	0.10 %
Total annual operating expenses after fee waiver and/or expense reimbursement A	0.02 %

A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.

1 year	$	2
3 years	$	6
5 years	$	32
10 years	$	118

Portfolio Turnover

The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. For the period from February 9, 2022 to September 30, 2022, the fund's portfolio turnover rate was 34 % annualized of the average value of its portfolio.

Principal Investment Strategies

Investing in a combination of two Fidelity® equity index funds (U.S. and international) and two Fidelity® investment-grade bond index funds.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:

Principal Investment Risks

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Foreign and Emerging Markets Risk.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

Passive Management Risk.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Mid Cap Investing.

The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.

Small Cap Investing.

The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.

Securities Lending Risk.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager.

Portfolio Manager(s)

Sharon Delia Dolan (Co-Portfolio Manager) has managed the fund since 2022.

Kristina Stookey (Co-Portfolio Manager) has managed the fund since 2022.

Purchase and Sale of Shares

You may buy or sell shares in various ways:

Internet

www.netbenefits.com

Phone

For Health Savings Accounts:

Corporate Clients 1-800-544-3716

Mail

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

Overnight Express:

Fidelity Investments

100 Crosby Parkway

Covington, KY 41015

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund:

Aggressive Growth Allocation Fund

Investment Objective

Aggressive Growth Allocation Fund seeks capital appreciation.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.10 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.00 %
Acquired fund fees and expenses	0.02 %
Total annual operating expenses A	0.12 %
Fee waiver and/or expense reimbursement B	0.10 %
Total annual operating expenses after fee waiver and/or expense reimbursement A	0.02 %

A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.

1 year	$	2
3 years	$	6
5 years	$	32
10 years	$	118

Portfolio Turnover

The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. For the period from February 9, 2022 to September 30, 2022, the fund's portfolio turnover rate was 14 % annualized of the average value of its portfolio.

Principal Investment Strategies

Investing in a combination of two Fidelity® equity index funds (U.S. and international) and one Fidelity® investment-grade bond index fund.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:

Principal Investment Risks

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Foreign and Emerging Markets Risk.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

Passive Management Risk.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Mid Cap Investing.

The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.

Small Cap Investing.

The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.

Securities Lending Risk.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager.

Portfolio Manager(s)

Sharon Delia Dolan (Co-Portfolio Manager) has managed the fund since 2022.

Kristina Stookey (Co-Portfolio Manager) has managed the fund since 2022.

Purchase and Sale of Shares

You may buy or sell shares in various ways:

Internet

www.netbenefits.com

Phone

For Health Savings Accounts:

Corporate Clients 1-800-544-3716

Mail

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

Overnight Express:

Fidelity Investments

100 Crosby Parkway

Covington, KY 41015

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Basics

Investment Details

Investment Objective

Moderate with Income Allocation Fund seeks high current income and, as a secondary objective, capital appreciation.

Principal Investment Strategies

The Adviser invests the fund's assets in a combination of two Fidelity® equity index funds (U.S. and international) and two Fidelity® investment-grade bond index funds. Shown below are the underlying Fidelity® funds in which the fund currently may invest and the fund's approximate asset allocation.

Funds	Asset Allocation
Fidelity ® Total Market Index Fund	21%
Fidelity ® Total International Index Fund	9%
Fidelity ® U.S. Bond Index Fund	50%
Fidelity ® Short-Term Bond Index Fund	20%

The Adviser intends to manage the fund to remain close to its asset allocation strategy, and does not intend to trade actively among underlying Fidelity ® funds or attempt to capture short-term market opportunities. However, the Adviser may, from time to time, modify the asset allocation strategy and the selection of underlying Fidelity ® funds. When modifying the selection of underlying Fidelity ® funds and transitioning in or out of one or more underlying Fidelity ® funds, the Adviser may invest the fund's assets directly in securities for a period of time.

Investment Objective

Balanced Allocation Fund seeks high total return.

Principal Investment Strategies

Funds	Asset Allocation
Fidelity ® Total Market Index Fund	35%
Fidelity ® Total International Index Fund	15%
Fidelity ® U.S. Bond Index Fund	40%
Fidelity ® Short-Term Bond Index Fund	10%

Investment Objective

Growth Allocation Fund seeks capital appreciation.

Principal Investment Strategies

Funds	Asset Allocation
Fidelity ® Total Market Index Fund	49%
Fidelity ® Total International Index Fund	21%
Fidelity ® U.S. Bond Index Fund	25%
Fidelity ® Short-Term Bond Index Fund	5%

Investment Objective

Aggressive Growth Allocation Fund seeks capital appreciation.

Principal Investment Strategies

The Adviser invests the fund's assets in a combination of two Fidelity® equity index funds (U.S. and international) and one Fidelity® investment-grade bond index fund. Shown below are the underlying Fidelity® funds in which the fund currently may invest and the fund's approximate asset allocation.

Funds	Asset Allocation
Fidelity ® Total Market Index Fund	60%
Fidelity ® Total International Index Fund	25%
Fidelity ® U.S. Bond Index Fund	15%

Description of Underlying Fidelity ® Funds

The following is a brief description of each of the underlying Fidelity ® funds. More detail regarding each underlying Fidelity ® fund can be found in each underlying Fidelity ® fund's prospectus.

Fidelity® Total Market Index Fund seeks to provide investment results that correspond to the total return of a broad range of United States stocks.

Geode Capital Management, LLC (Geode) normally invests at least 80% of the fund's assets in common stocks included in the Dow Jones U.S. Total Stock Market Index SM . The index is a float-adjusted market capitalization-weighted index of approximately 5,000 common stocks of companies headquartered in the United States, on a primary U.S. exchange. The index represents the performance of a broad range of U.S. stocks.

The fund may not always hold all of the same securities as the index. Geode may use statistical sampling techniques to attempt to replicate the returns of the index using a smaller number of securities. Statistical sampling techniques attempt to match the investment characteristics of the index and the fund by taking into account such factors as capitalization, industry exposures, dividend yield, P/E ratio, P/B ratio, and earnings growth.

The fund may not track the index because differences between the index and the fund's portfolio can cause differences in performance. In addition, expenses and transaction costs, the size and frequency of cash flows into and out of the fund, and differences between how and when the fund and the index are valued can cause differences in performance.

The fund may lend securities to broker-dealers or other institutions to earn income.

In addition to the principal investment strategies discussed above, Geode may use various techniques, such as buying and selling futures contracts, swaps, and exchange traded funds, to increase or decrease the fund's exposure to changing security prices or other factors that affect security values.

If Geode's strategies do not work as intended, the fund may not achieve its objective.

Fidelity® Total International Index Fund seeks to provide investment results that correspond to the total return of foreign developed and emerging stock markets.

Geode normally invests at least 80% of the fund's assets in securities included in the MSCI ACWI (All Country World Index) ex USA Investable Market Index and in depository receipts representing securities included in the index. The MSCI ACWI (All Country World Index) ex USA Investable Market Index is a market capitalization-weighted index designed to measure the investable equity market performance for global investors of large, mid, and small-cap stocks in developed and emerging markets, excluding the U.S.

The fund may not always hold all of the same securities as the MSCI ACWI (All Country World Index) ex USA Investable Market Index. Geode may use statistical sampling techniques to attempt to replicate the returns of the MSCI ACWI (All Country World Index) ex USA Investable Market Index. Statistical sampling techniques attempt to match the investment characteristics of the index and the fund by taking into account such factors as capitalization, industry exposures, dividend yield, P/E ratio, P/B ratio, earnings growth, country weightings, and the effect of foreign taxes.

The fund may lend securities to broker-dealers or other institutions to earn income.

If Geode's strategies do not work as intended, the fund may not achieve its objective.

Fidelity® U.S. Bond Index Fund seeks to provide investment results that correspond to the aggregate price and interest performance of the debt securities in the Bloomberg U.S. Aggregate Bond Index.

Fidelity Management & Research Company LLC (FMR) (the Adviser) normally invests at least 80% of the fund's assets in bonds included in the Bloomberg U.S. Aggregate Bond Index. The index is composed of U.S. dollar denominated, investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities.

The Adviser may use statistical sampling techniques to attempt to replicate the returns of the index using a smaller number of securities. Statistical sampling techniques attempt to match the investment characteristics of the index and the fund by taking into account such factors as duration, maturity, interest rate sensitivity, security structure, and credit quality. The Adviser expects the fund's investments will approximate the broad market sector weightings of the index within a range of ±10%.

The Adviser may engage in transactions that have a leveraging effect on the fund, including investments in derivatives, regardless of whether the fund may own the asset, instrument, or components of the index underlying the derivative, and forward-settling securities. The Adviser may invest a significant portion of the fund's assets in these types of investments. If the fund invests a significant portion of its assets in derivatives, its investment exposure could far exceed the value of its portfolio securities and its investment performance could be primarily dependent upon securities it does not own. The fund's derivative investments may include interest rate swaps, total return swaps, credit default swaps, options (including options on futures and swaps), and futures contracts (both long and short positions) on securities, other instruments, and indexes. Depending on the Adviser's outlook and market conditions, the Adviser may engage in these transactions to increase or decrease the fund's exposure to changing security prices, interest rates, credit qualities, or other factors that affect security values, or to gain or reduce exposure to an asset, instrument, or index.

To earn additional income for the fund, the Adviser may use a trading strategy that involves selling (or buying) mortgage securities and simultaneously agreeing to purchase (or sell) mortgage securities on a later date at a set price. This trading strategy may increase interest rate exposure and result in an increased portfolio turnover rate which increases transaction costs and may increase taxable gains.

The Adviser uses Central funds to help invest the fund's assets. Central funds are specialized investment vehicles designed to be used by Fidelity ® funds. Fidelity uses them to invest in particular security types or investment disciplines; for example, rather than buy bonds directly, the fund may invest in a Central fund that buys bonds. Fidelity does not charge any additional management fees for Central funds. Central funds offer exposure to some or all of the following types of investment-grade and lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds): corporate bonds, mortgage and other asset-backed securities, floating rate loans, and BB-rated securities. Central funds may also focus on other types of securities.

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Fidelity® Short-Term Bond Index Fund seeks to obtain a high level of current income consistent with preservation of capital.

The fund seeks to replicate the performance of the Bloomberg U.S. 1-5 Year Government/Credit Bond Index. Fidelity Management & Research Company LLC (FMR) (the Adviser) normally invests at least 80% of the fund's assets in securities included in the index. The index is a market value-weighted index of fixed-rate investment-grade debt securities with maturities from one to five years from the U.S. Treasury, U.S. Government-Related, and U.S. Corporate Indexes. The fund normally maintains a dollar-weighted average maturity that generally is expected to be three years or less, consistent with that of the index. As of August 31, 2022, the dollar-weighted average maturity of the index was 2.8 years.

The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers.

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Principal Investment Risks

Many factors affect each fund's performance. Developments that disrupt global economies and financial markets, such as pandemics and epidemics, may magnify factors that affect a fund's performance. A fund's share price changes daily based on the performance of the underlying Fidelity ® funds in which it invests. The ability of each fund to meet its investment objective is directly related to its asset allocation among underlying Fidelity ® funds and the ability of those funds to meet their investment objectives. If the Adviser's asset allocation strategy does not work as intended, a fund may not achieve its objective. When you sell your shares they may be worth more or less than what you paid for them, which means that you could lose money by investing in a fund.

T he following factors can significantly affect a fund's performance:

Investing in Other Funds. A fund bears all risks of investment strategies employed by the underlying funds. A fund does not control the investments of the underlying funds, which may have different investment objectives and may engage in investment strategies that a fund would not engage in directly. Aggregation of underlying fund holdings may result in indirect concentration of assets in a particular industry or group of industries, or in a single issuer, which may increase volatility.

Stock Market Volatility . The value of equity securities fluctuates in response to issuer, political, market, and economic developments. Fluctuations, especially in foreign markets, can be dramatic over the short as well as long term, and different parts of the market, including different market sectors, and different types of equity securities can react differently to these developments. For example, stocks of companies in one sector can react differently from those in another, large cap stocks can react differently from small cap stocks, and "growth" stocks can react differently from "value" stocks. Issuer, political, or economic developments can affect a single issuer, issuers within an industry or economic sector or geographic region, or the market as a whole. Changes in the financial condition of a single issuer can impact the market as a whole. Terrorism and related geo-political risks have led, and may in the future lead, to increased short-term market volatility and may have adverse long-term effects on world economies and markets generally.

Interest Rate Changes. Debt securities, including money market securities, have varying levels of sensitivity to changes in interest rates. In general, the price of a debt security can fall when interest rates rise and can rise when interest rates fall. Securities with longer maturities and certain types of securities, such as mortgage securities and the securities of issuers in the financial services sector, can be more sensitive to interest rate changes, meaning the longer the maturity of a security, the greater the impact a change in interest rates could have on the security's price. Short-term and long-term interest rates do not necessarily move in the same amount or the same direction. Short-term securities tend to react to changes in short-term interest rates, and long-term securities tend to react to changes in long-term interest rates. Securities with floating interest rates can be less sensitive to interest rate changes, but may decline in value if their interest rates do not rise as much as interest rates in general. Securities whose payment at maturity is based on the movement of all or part of an index and inflation-protected debt securities may react differently from other types of debt securities. In market environments where interest rates are rising, issuers may be less willing or able to make principal and/or interest payments on securities when due. The discontinuation and replacement of London Interbank Offered Rate (LIBOR) (an indicative measure of the average interest rate at which major global banks could borrow from one another) and other benchmark rates may have a significant impact on the financial markets and may adversely impact a fund's performance.

Foreign and Emerging Markets Risk. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign exchange rates; withholding or other taxes; trading, settlement, custodial, and other operational risks; and the less stringent investor protection and disclosure standards of some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market.

Investing in emerging markets can involve risks in addition to and greater than those generally associated with investing in more developed foreign markets. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information available to investors. Emerging markets economies can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. All of these factors can make emerging markets securities more volatile and potentially less liquid than securities issued in more developed markets.

Global economies and financial markets are becoming increasingly interconnected, which increases the possibilities that conditions in one country or region might adversely impact issuers or providers in, or foreign exchange rates with, a different country or region.

Prepayment. Many types of debt securities, including mortgage securities, are subject to prepayment risk. Prepayment risk occurs when the issuer of a security can repay principal prior to the security's maturity. Securities subject to prepayment can offer less potential for gains during a declining interest rate environment and similar or greater potential for loss in a rising interest rate environment. In addition, the potential impact of prepayment features on the price of a debt security can be difficult to predict and result in greater volatility.

Issuer-Specific Changes. Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending transaction), changes in specific economic or political conditions that affect a particular type of security or issuer, and changes in general economic or political conditions can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's credit quality or value or result in delays in recovering securities and/or capital from a counterparty. Entities providing credit support or a maturity-shortening structure also can be affected by these types of changes, and if the structure of a security fails to function as intended, the security could decline in value. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) tend to be more sensitive to these changes than higher-quality debt securities.

Correlation to Index. The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the underlying fund, transaction costs, imperfect correlation between the underlying fund's securities and those in its index, timing differences associated with additions to and deletions from the index, and changes in the component securities. In addition, an underlying index fund may not be able to invest in certain securities in its index or invest in them in the exact proportions in which they are represented in the index due to regulatory restrictions. An underlying index fund may not be fully invested at times, either as a result of cash flows into the underlying fund or as a result of reserves of cash held by the underlying fund to meet redemptions. The use of sampling techniques or futures or other derivative positions may affect an underlying index fund's ability to achieve close correlation with its index. Errors in the construction or calculation of the index may occur from time to time and may not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.

Passive Management Risk. Some of the underlying funds in which each fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. The structure and composition of an underlying index fund's index will affect the performance, volatility, and risk of the index and, consequently, the performance, volatility, and risk of the fund. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.

Mid Cap Investing. The value of securities of medium size, less well-known issuers can be more volatile than that of relatively larger issuers and can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks.

Small Cap Investing . The value of securities of smaller, less well-known issuers can be more volatile than that of larger issuers and can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. Smaller issuers can have more limited product lines, markets, and financial resources.

Leverage Risk. Derivatives, forward-settling securities, and short sale transactions involve leverage because they can provide investment exposure in an amount exceeding the initial investment. Leverage can magnify investment risks and cause losses to be realized more quickly. A small change in the underlying asset, instrument, or index can lead to a significant loss. Forward-settling securities and short sale transactions also involve the risk that a security will not be issued, delivered, available for purchase, or paid for when anticipated. An increase in the market price of securities sold short will result in a loss. Government legislation or regulation could affect the use of these transactions and could limit a fund's ability to pursue its investment strategies.

Securities Lending Risk . Securities lending involves the risk that the borrower may fail to return the securities loaned in a timely manner or at all. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, an underlying fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. These delays and costs could be greater for foreign securities. If a fund is not able to recover the securities loaned, the fund may sell the collateral and purchase a replacement investment in the market. The value of the collateral could decrease below the value of the replacement investment by the time the replacement investment is purchased.

In response to market, economic, political, or other conditions, a fund may temporarily use a different investment strategy for defensive purposes. If the fund does so, different factors could affect its performance and the fund may not achieve its investment objective.

Valuing Shares

Each fund is open for business each day the NYSE is open.

The NAV is the value of a single share. Fidelity normally calculates NAV each business day as of the times noted in the table below. Each fund's assets normally are valued as of this time for the purpose of computing NAV.

Fund	NAV Calculation Times (Eastern Time)
Moderate with Income Allocation Fund	4:00 p.m.
Balanced Allocation Fund	4:00 p.m.
Growth Allocation Fund	4:00 p.m.
Aggressive Growth Allocation Fund	4:00 p.m.

NAV is not calculated and a fund will not process purchase and redemption requests submitted on days when the fund is not open for business. The time at which shares are priced and until which purchase and redemption orders are accepted may be changed as permitted by the Securities and Exchange Commission (SEC).

NAV is calculated using the values of the underlying Fidelity ® funds in which a fund invests. Shares of underlying Fidelity ® funds are valued at their respective NAVs. For an explanation of the circumstances under which the underlying Fidelity ® funds will use fair value pricing and the effects of using fair value pricing, see the underlying Fidelity ® funds' prospectuses and Statements of Additional Information (SAIs).

To the extent that underlying Fidelity ® fund assets are traded in other markets on days when a fund is not open for business, the value of the fund's assets may be affected on those days. In addition, trading in some underlying Fidelity ® fund assets may not occur on days when a fund is open for business.

Shareholder Information

Additional Information about the Purchase and Sale of Shares

As used in this prospectus, the term "shares" generally refers to the shares offered through this prospectus.

General Information

Certain methods of contacting Fidelity may be unavailable or delayed (for example, during periods of unusual market activity). In addition, the level and type of service available may be restricted.

Frequent Purchases and Redemptions

A fund may reject for any reason, or cancel as permitted or required by law, any purchase or exchange, including transactions deemed to represent excessive trading, at any time.

Excessive trading of fund shares can harm shareholders in various ways, including reducing the returns to long-term shareholders by increasing costs to a fund (such as brokerage commissions or spreads paid to dealers who sell money market instruments), disrupting portfolio management strategies, and diluting the value of the shares in cases in which fluctuations in markets are not fully priced into the fund's NAV.

Each fund reserves the right at any time to restrict purchases or exchanges or impose conditions that are more restrictive on excessive trading than those stated in this prospectus.

Excessive Trading Policy

The Board of Trustees has adopted policies designed to discourage excessive trading of fund shares. Excessive trading activity in a fund is measured by the number of roundtrip transactions in a shareholder's account and each class of a multiple class fund is treated separately. A roundtrip transaction occurs when a shareholder sells fund shares (including exchanges) within 30 days of the purchase date.

Shareholders with two or more roundtrip transactions in a single fund within a rolling 90-day period will be blocked from making additional purchases or exchange purchases of the fund for 85 days. Shareholders with four or more roundtrip transactions across all Fidelity ® funds within any rolling 12-month period will be blocked for at least 85 days from additional purchases or exchange purchases across all Fidelity ® funds. Any roundtrip within 12 months of the expiration of a multi-fund block will initiate another multi-fund block. Repeat offenders may be subject to long-term or permanent blocks on purchase or exchange purchase transactions in any account under the shareholder's control at any time. In addition to enforcing these roundtrip limitations, the fund may in its discretion restrict, reject, or cancel any purchases or exchanges that, in the Adviser's opinion, may be disruptive to the management of the fund or otherwise not be in the fund's interests.

Exceptions

The following transactions are exempt from the fund's excessive trading policy described above: (i) systematic withdrawal and/or contribution programs, (ii) mandatory retirement distributions, (iii) transactions initiated by a plan sponsor or sponsors of certain employee benefit plans or other related accounts, (iv) transactions within a qualified advisory program, and (v) transactions initiated by the trustee or adviser to a donor-advised charitable gift fund, qualified fund of fund(s), or other strategy funds.

A qualified advisory program is one that demonstrates to Fidelity that the program has investment strategies and trading policies designed to protect the interests of long-term investors and meets specific criteria outlined by Fidelity.

A qualified fund of fund(s) is a mutual fund, qualified tuition program, or other strategy fund consisting of qualified plan assets that either applies the fund's excessive trading policies to shareholders at the fund of fund(s) level, or demonstrates that the fund of fund(s) has an investment strategy coupled with policies designed to control frequent trading that are reasonably likely to be effective as determined by the fund's Treasurer.

Fidelity may choose not to monitor transactions below certain dollar value thresholds.

Omnibus Accounts

Omnibus accounts, in which shares are held in the name of an intermediary on behalf of multiple investors, are a common form of holding shares among retirement plans and financial intermediaries such as brokers, advisers, and third-party administrators. Individual trades in omnibus accounts are often not disclosed to the fund, making it difficult to determine whether a particular shareholder is engaging in excessive trading. Excessive trading in omnibus accounts is likely to go undetected by the fund and may increase costs to the fund and disrupt its portfolio management .

Under policies adopted by the Board of Trustees, intermediaries will be permitted to apply the fund's excessive trading policy (described above), or their own excessive trading policy if approved by the Adviser. In these cases, the fund will typically not request or receive individual account data but will rely on the intermediary to monitor trading activity in good faith in accordance with its or the fund's policies. Reliance on intermediaries increases the risk that excessive trading may go undetected. For other intermediaries, the fund will generally monitor trading activity at the omnibus account level to attempt to identify disruptive trades. The fund may request transaction information, as frequently as daily, from any intermediary at any time, and may apply the fund's policy to transactions that exceed thresholds established by the Board of Trustees. The fund may prohibit purchases of fund shares by an intermediary or by some or all of any intermediary's clients. There is no assurance that the Adviser will request data with sufficient frequency to detect or deter excessive trading in omnibus accounts effectively.

If you purchase or sell fund shares through a financial intermediary, you may wish to contact the intermediary to determine the policies applicable to your account.

Retirement Plans

For employer-sponsored retirement plans, only participant directed exchanges count toward the roundtrip limits. Employer-sponsored retirement plan participants whose activity triggers a purchase or exchange block will be permitted one trade every calendar quarter. In the event of a block, employer and participant contributions and loan repayments by the participant may still be invested in the fund.

Other Information about the Excessive Trading Policy

Each fund's Treasurer is authorized to suspend each fund's policies during periods of severe market turbulence or national emergency. Each fund reserves the right to modify its policies at any time without prior notice.

Each fund does not knowingly accommodate frequent purchases and redemptions of fund shares by investors, except to the extent permitted by the policies described above.

As described in "Valuing Shares," each fund also uses fair value pricing to help reduce arbitrage opportunities available to short-term traders. There is no assurance that each fund's excessive trading policy will be effective, or will successfully detect or deter excessive or disruptive trading.

Buying Shares

Eligibility

Shares are generally available only to investors residing in the United States.

Shares are available only to certain Fidelity ® health savings accounts (HSAs) that are made available through Raytheon. Current Raytheon employees, and recently separated former Raytheon employees, may buy shares of a fund. Please contact Fidelity for more information about fund shares.

There is no minimum balance or purchase minimum for fund shares.

Price to Buy

The price to buy one share is its NAV. Shares are sold without a sales charge.

Shares will be bought at the NAV next calculated after an order is received in proper form.

Provided a fund receives an order to buy shares in proper form before the close of business, the fund may place an order to buy shares of an underlying Fidelity ® fund after the close of business, pursuant to a pre-determined allocation, and receive that day's NAV.

Each fund may stop offering shares completely or may offer shares only on a limited basis, for a period of time or permanently.

Under applicable anti-money laundering rules and other regulations, purchase orders may be suspended, restricted, or canceled and the monies may be withheld.

Selling Shares

The price to sell one share is its NAV.

Shares will be sold at the NAV next calculated after an order is received in proper form.

Normally, redemptions will be processed by the next business day, but it may take up to seven days to pay the redemption proceeds if making immediate payment would adversely affect a fund.

Provided a fund receives an order to sell shares in proper form before the close of business, the fund may place an order to sell shares of an underlying Fidelity ® fund after the close of business, pursuant to a pre-determined allocation, and receive that day's NAV.

See "Policies Concerning the Redemption of Fund Shares" below for additional redemption information.

A signature guarantee is designed to protect you and Fidelity from fraud. Fidelity may require that your request be made in writing and include a signature guarantee in certain circumstances, such as:

When you wish to sell more than $100,000 worth of shares.
When the address on your account (record address) has changed within the last 15 days or you are requesting that a check be mailed to an address different than the record address.
When you are requesting that redemption proceeds be paid to someone other than the account owner.
In certain situations when the redemption proceeds are being transferred to a Fidelity® brokerage or mutual fund account with a different registration.

You should be able to obtain a signature guarantee from a bank, broker (including Fidelity ® Investor Centers), dealer, credit union (if authorized under state law), securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee.

When you place an order to sell shares, note the following:

Redemption proceeds (other than exchanges) may be delayed until money from prior purchases sufficient to cover your redemption has been received and collected.

Redemptions may be suspended or payment dates postponed when the NYSE is closed (other than weekends or holidays), when trading on the NYSE is restricted, or as permitted by the SEC.
Redemption proceeds may be paid in securities or other property rather than in cash if the Adviser determines it is in the best interests of a fund.

You will not receive interest on amounts represented by uncashed redemption checks.

Under applicable anti-money laundering rules and other regulations, redemption requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

Policies Concerning the Redemption of Fund Shares

If your account is held directly with a fund , the length of time that a fund typically expects to pay redemption proceeds depends on the method you have elected to receive such proceeds. A fund typically expects to make payment of redemption proceeds by wire, automated clearing house (ACH) or by issuing a check by the next business day following receipt of a redemption order in proper form. Proceeds from the periodic and automatic sale of shares of a Fidelity ® money market fund that are used to buy shares of another Fidelity ® fund are settled simultaneously.

If your account is held through an intermediary , the length of time that a fund typically expects to pay redemption proceeds depends, in part, on the terms of the agreement in place between the intermediary and a fund. For redemption proceeds that are paid either directly to you from a fund or to your intermediary for transmittal to you, a fund typically expects to make payments by wire, by ACH or by issuing a check on the next business day following receipt of a redemption order in proper form from the intermediary by a fund. Redemption orders that are processed through investment professionals that utilize the National Securities Clearing Corporation will generally settle one to three business days following receipt of a redemption order in proper form.

As noted elsewhere, payment of redemption proceeds may take longer than the time a fund typically expects and may take up to seven days from the date of receipt of the redemption order as permitted by applicable law.

Redemption Methods Available. Generally a fund expects to pay redemption proceeds in cash. To do so, a fund typically expects to satisfy redemption requests either by using available cash (or cash equivalents) or by selling portfolio securities. On a less regular basis, a fund may also satisfy redemption requests by utilizing one or more of the following sources, if permitted: borrowing from another Fidelity ® fund; drawing on an available line or lines of credit from a bank or banks; or using reverse repurchase agreements. These methods may be used during both normal and stressed market conditions.

In addition to paying redemption proceeds in cash, a fund reserves the right to pay part or all of your redemption proceeds in readily marketable securities instead of cash (redemption in-kind). Redemption in-kind proceeds will typically be made by delivering the selected securities to the redeeming shareholder within seven days after the receipt of the redemption order in proper form by a fund.

Exchanging Shares

An exchange involves the redemption of all or a portion of the shares of one fund and the purchase of shares of another fund.

Shares may be exchanged into shares of any class of a Fidelity ® fund available through certain Fidelity ® HSAs that are made available through employers.

However, you should note the following policies and restrictions governing exchanges:

Each fund may refuse any exchange purchase for any reason. For example, each fund may refuse exchange purchases by any person or group if, in the Adviser's judgment, the fund would be unable to invest the money effectively in accordance with its investment objective and policies, or would otherwise potentially be adversely affected.
Before any exchange, read the prospectus for the shares you are purchasing, including any purchase and sale requirements.
The shares you are acquiring by exchange must be available for sale in your state.
If you are exchanging between accounts that are not registered in the same name, address, and taxpayer identification number (TIN), there may be additional requirements.
Under applicable anti-money laundering rules and other regulations, exchange requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

The funds may terminate or modify exchange privileges in the future.

Other funds may have different exchange restrictions and minimums. Check each fund's prospectus for details.

Account Policies

The following apply to you as a shareholder.

Statements that Fidelity sends to you, if applicable, include the following:

Confirmation statements (after transactions affecting your fund balance except reinvestment of distributions in the fund).
Monthly or quarterly account statements (detailing fund balances and all transactions completed during the prior month or quarter).

You may initiate many transactions by telephone or electronically. Fidelity will not be responsible for any loss, cost, expense, or other liability resulting from unauthorized transactions if it follows reasonable security procedures designed to verify the identity of the investor. Fidelity will request personalized security codes or other information, and may also record calls. For transactions conducted through the Internet, Fidelity recommends the use of an Internet browser with 128-bit encryption. You should verify the accuracy of your confirmation statements upon receipt and notify Fidelity immediately of any discrepancies in your account activity. If you do not want the ability to sell and exchange by telephone, call Fidelity for instructions. Additional documentation may be required from corporations, associations, and certain fiduciaries.

You may be asked to provide additional information in order for Fidelity to verify your identity in accordance with requirements under anti-money laundering regulations. Accounts may be restricted and/or closed, and the monies withheld, pending verification of this information or as otherwise required under these and other federal regulations. In addition, each fund reserves the right to involuntarily redeem an account in the case of: (i) actual or suspected threatening conduct or actual or suspected fraudulent, illegal or suspicious activity by the account owner or any other individual associated with the account; or (ii) the failure of the account owner to provide information to the funds related to opening the accounts. Your shares will be sold at the NAV, minus any applicable shareholder fees, calculated on the day Fidelity closes your fund position.

Fidelity may charge a fee for certain services, such as providing historical account documents.

Dividends and Capital Gain Distributions

Each fund earns interest, dividends, and other income from its investments, and distributes this income (less expenses) to shareholders as dividends. Each fund also realizes capital gains from its investments, and distributes these gains (less any losses) to shareholders as capital gain distributions.

Each fund normally declares dividends and pays capital gain distributions per the tables below:

Fund Name	Dividends Paid
Moderate with Income Allocation Fund	February, March, April, May, June, July, August, September, October, November, December
Balanced Allocation Fund	April, July, October, December
Growth Allocation Fund	December
Aggressive Growth Allocation Fund	December

Fund Name	Capital Gains Paid
Moderate with Income Allocation Fund	December
Balanced Allocation Fund	December
Growth Allocation Fund	December
Aggressive Growth Allocation Fund	December

Any dividends and capital gain distributions paid to Fidelity ® HSA investors will be automatically reinvested unless you elect otherwise.

Tax Consequences

Taxes on Distributions

Distributions by each fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Taxes on Transactions

Exchanges within a tax-advantaged account will not result in a capital gain or loss for federal tax purposes. Please consult your tax advisor regarding the tax treatment of distributions from a tax-advantaged account.

Fund Services

Fund Management

Each fund is a mutual fund, an investment that pools shareholders' money and invests it toward a specified goal.

Adviser

FMR. The Adviser is each fund's manager. The address of the Adviser is 245 Summer Street, Boston, Massachusetts 02210.

As of December 31, 2021, the Adviser had approximately $3.6 trillion in discretionary assets under management, and approximately $4.5 trillion when combined with all of its affiliates' assets under management.

As the manager, the Adviser administers the asset allocation program for each fund and is responsible for handling the business affairs for each fund.

Portfolio Manager(s)

Sharon Delia Dolan is Co-Portfolio Manager of each fund, which she has managed since February 2022. Since joining Fidelity Investments in 1999, Ms. Dolan has worked as a research analyst and portfolio manager.

Kristina Stookey is Co-Portfolio Manager of each fund, which she has managed since February 2022. Since joining Fidelity Investments in 2000, Ms. Stookey has worked as a research analyst and portfolio manager.

The SAI provides additional information about the compensation of, any other accounts managed by, and any fund shares held by the portfolio manager(s).

From time to time a manager, analyst, or other Fidelity employee may express views regarding a particular company, security, industry, or market sector. The views expressed by any such person are the views of only that individual as of the time expressed and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund.

Advisory Fee(s)

Each fund pays a management fee to the Adviser.

The management fee is calculated and paid to the Adviser every month.

The Adviser pays all of the other expenses of Moderate with Income Allocation Fund, Balanced Allocation Fund, Growth Allocation Fund, and Aggressive Growth Allocation Fund with limited exceptions.

The annual management fee rate, as a percentage of each fund's average net assets, is shown in the following table:

Fund	Management Fee Rate
Moderate with Income Allocation Fund	0.10%
Balanced Allocation Fund	0.10%
Growth Allocation Fund	0.10%
Aggressive Growth Allocation Fund	0.10%

The Adviser has contractually agreed to waive 0.10% of each fund's management fee until January 31, 2026.

The basis for the Board of Trustees approving the management contract for each fund is available in each fund's semi-annual report for the fiscal period ended March 31, 2022.

From time to time, the Adviser or its affiliates may agree to reimburse or waive certain fund expenses while retaining the ability to be repaid if expenses fall below the specified limit prior to the end of the fiscal year.

Reimbursement or waiver arrangements can decrease expenses and boost performance.

Fund Distribution

FDC distributes each fund's shares.

These payments are described in more detail in this section and in the SAI.

Distribution and Service Plan(s)

Each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the Investment Company Act of 1940 (1940 Act) with respect to its shares that recognizes that the Adviser may use its management fee revenues, as well as its past profits or its resources from any other source, to pay FDC for expenses incurred in connection with providing services intended to result in the sale of shares of each fund and/or shareholder support services. The Adviser, directly or through FDC, may pay significant amounts to intermediaries that provide those services. Currently, the Board of Trustees of each fund has authorized such payments for shares of each fund.

If payments made by the Adviser to FDC or to intermediaries under a Distribution and Service Plan were considered to be paid out of a fund's assets on an ongoing basis, they might increase the cost of your investment and might cost you more than paying other types of sales charges.

From time to time, FDC may offer special promotional programs to investors who purchase shares of Fidelity® funds. For example, FDC may offer merchandise, discounts, vouchers, or similar items to investors who purchase shares of certain Fidelity® funds during certain periods. To determine if you qualify for any such programs, contact Fidelity or visit our web site at www.fidelity.com.

No dealer, sales representative, or any other person has been authorized to give any information or to make any representations, other than those contained in this prospectus and in the related SAI, in connection with the offer contained in this prospectus. If given or made, such other information or representations must not be relied upon as having been authorized by the funds or FDC. This prospectus and the related SAI do not constitute an offer by the funds or by FDC to sell shares of the funds to, or to buy shares of the funds from, any person to whom it is unlawful to make such offer.

Appendix

Financial Highlights

Financial Highlights are intended to help you understand the financial history of fund shares for the past 5 years (or, if shorter, the period of operations). Certain information reflects financial results for a single share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in shares (assuming reinvestment of all dividends and distributions). The annual information has been audited by PricewaterhouseCoopers LLP, independent registered public accounting firm, whose report(s), along with fund financial statements, is included in the annual report. Annual reports are available for free upon request.

Moderate with Income Allocation Fund

Years ended September 30,		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.08
Net realized and unrealized gain (loss)		(1.47)
Total from investment operations		(1.39)
Distributions from net investment income		(.06)
Total distributions		(.06)
Net asset value, end of period	$	8.55

Total Return D,E		(13.93)%

Ratios to Average Net Assets F,G,C
Expenses before reductions		.10% H
Expenses net of fee waivers, if any		-% H
Expenses net of all reductions		-% H
Net investment income (loss)		1.36% H
Supplemental Data
Net assets, end of period (000 omitted)	$	158
Portfolio turnover rate I		11% H

A For the period February 9, 2022 (commencement of operations) through September 30, 2022.

B Calculated based on average shares outstanding during the period.

C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any such underlying funds is not included in the Fund's net investment income (loss) ratio.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.

G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

H Annualized

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Balanced Allocation Fund

Years ended September 30,		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.06
Net realized and unrealized gain (loss)		(1.74)
Total from investment operations		(1.68)
Distributions from net investment income		(.03)
Total distributions		(.03)
Net asset value, end of period	$	8.29

Total Return D,E		(16.81)%

Ratios to Average Net Assets F,G,C
Expenses before reductions		.10% H
Expenses net of fee waivers, if any		-% H
Expenses net of all reductions		-% H
Net investment income (loss)		1.07% H
Supplemental Data
Net assets, end of period (000 omitted)	$	252
Portfolio turnover rate I		12% H

A For the period February 9, 2022 (commencement of operations) through September 30, 2022.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.

H Annualized

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Growth Allocation Fund

Years ended September 30,		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.04
Net realized and unrealized gain (loss)		(1.97)
Total from investment operations		(1.93)
Net asset value, end of period	$	8.07

Total Return D,E		(19.30)%

Ratios to Average Net Assets F,G,C
Expenses before reductions		.10% H
Expenses net of fee waivers, if any		-% H
Expenses net of all reductions		-% H
Net investment income (loss)		.73% H
Supplemental Data
Net assets, end of period (000 omitted)	$	340
Portfolio turnover rate I		34% H

A For the period February 9, 2022 (commencement of operations) through September 30, 2022.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.

H Annualized

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Aggressive Growth Allocation Fund

Years ended September 30,		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.03
Net realized and unrealized gain (loss)		(2.16)
Total from investment operations		(2.13)
Net asset value, end of period	$	7.87

Total Return D,E		(21.30)%

Ratios to Average Net Assets F,G,C
Expenses before reductions		.10% H
Expenses net of fee waivers, if any		-% H
Expenses net of all reductions		-% H
Net investment income (loss)		.46% H
Supplemental Data
Net assets, end of period (000 omitted)	$	353
Portfolio turnover rate I		14% H

A For the period February 9, 2022 (commencement of operations) through September 30, 2022.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.

H Annualized

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Additional Index Information

Moderate with Income Allocation Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Market Stock IndexSM - 21%; MSCI ACWI ex US IMI (Net MA) - 9%; Bloomberg U.S. Aggregate Bond Index - 50%; and Bloomberg U.S. 1-5 Year Government/Credit Bond Index - 20%.

Balanced Allocation Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Market Stock IndexSM - 35%; MSCI ACWI ex US IMI (Net MA) - 15%; Bloomberg U.S. Aggregate Bond Index - 40%; and Bloomberg U.S. 1-5 Year Government/Credit Bond Index - 10%.

Growth Allocation Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Market Stock IndexSM - 49%; MSCI ACWI ex US IMI (Net MA) - 21%; Bloomberg U.S. Aggregate Bond Index - 25%; and Bloomberg U.S. 1-5 Year Government/Credit Bond Index - 5%.

Aggressive Growth Allocation Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Market Stock IndexSM - 60%; MSCI ACWI ex US IMI (Net MA) - 25%; and Bloomberg U.S. Aggregate Bond Index - 15%.

"Bloomberg ® " and the index or indices are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg"), and have been licensed for use for certain purposes by the Adviser.

The fund(s) are not sponsored, endorsed, sold or promoted by Bloomberg. Bloomberg does not make any representation or warranty, express or implied, to the owners of or counterparties to the fund(s) or any member of the public regarding the advisability of investing in securities generally or in the fund(s) particularly. The only relationship of Bloomberg to the Adviser is the licensing of certain trademarks, trade names and service marks and of the index or indices, which is determined, composed and calculated by BISL without regard to the Adviser or the fund(s). Bloomberg has no obligation to take the needs of the Adviser or the owners of the fund(s) into consideration in determining, composing or calculating the index or indices. Bloomberg is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the fund(s) to be issued. Bloomberg shall not have any obligation or liability, including, without limitation, to fund(s) customers, in connection with the administration, marketing or trading of the fund(s).

BLOOMBERG DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR INDICES OR ANY DATA RELATED THERETO AND SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. BLOOMBERG DOES NOT MAKE ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ADVISER, OWNERS OF THE FUND(S) OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR INDICES OR ANY DATA RELATED THERETO. BLOOMBERG DOES NOT MAKE ANY EXPRESS OR IMPLIED WARRANTIES AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX OR INDICES OR ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE MAXIMUM EXTENT ALLOWED BY LAW, BLOOMBERG, ITS LICENSORS, AND ITS AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR ANY INJURY OR DAMAGES-WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE-ARISING IN CONNECTION WITH THE FUND(S) OR INDEX OR INDICES OR ANY DATA OR VALUES RELATING THERETO-WHETHER ARISING FROM THEIR NEGLIGENCE OR OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.

FIDELITY ® TOTAL INTERNATIONAL INDEX FUND IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. ("MSCI"), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE " MSCI PARTIES "). THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY THE ADVISER. NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THIS FUND OR ANY OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN FUNDS GENERALLY OR IN THIS FUND PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THIS FUND OR THE ISSUER OR OWNERS OF THIS FUND OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THIS FUND OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THIS FUND TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THIS FUND IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THIS FUND OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THIS FUND.

ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE FUND, OWNERS OF THE FUND, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

No purchaser, seller, or holder of this security, product or fund, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this security without first contacting MSCI to determine whether MSCI's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.

Inclusion of a stock in an index does not imply that it is a good investment .

The index or indices are a product of S&P Dow Jones Indices LLC ("SPDJI"), and has/have been licensed for use by the Adviser. Standard & Poor's ® and S&P ® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). It is not possible to invest directly in an index. The fund(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the fund(s) or any member of the public regarding the advisability of investing in securities generally or in the fund(s) particularly or the ability of the index or indices to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices' only relationship to the Adviser with respect to the index or indices is the licensing of the index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The index is or indices are determined, composed and calculated by S&P Dow Jones Indices without regard to the Adviser or the fund(s). S&P Dow Jones Indices have no obligation to take the needs of the Adviser or the owners of the fund(s) into consideration in determining, composing or calculating the index or indices. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of the fund(s) or the timing of the issuance or sale of the fund(s) or in the determination or calculation of the equation by which the fund(s) is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the fund(s). There is no assurance that investment products based on the index or indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE ADVISER, OWNERS OF THE FUND(S) OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE ADVISER, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT ACT), requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account.
For individual investors opening an account: When you open an account, you will be asked for your name, address, date of birth, and other information that will allow Fidelity to identify you. You may also be asked to provide documents that may help to establish your identity, such as your driver's license.
For investors other than individuals: When you open an account, you will be asked for the name of the entity, its principal place of business and taxpayer identification number (TIN). You will be asked to provide information about the entity's control person and beneficial owners, and person(s) with authority over the account, including name, address, date of birth and social security number. You may also be asked to provide documents, such as drivers' licenses, articles of incorporation, trust instruments or partnership agreements and other information that will help Fidelity identify the entity.

You can obtain additional information about the funds. A description of each fund's policies and procedures for disclosing its holdings is available in its Statement of Additional Information (SAI) and on Fidelity's web sites. The SAI also includes more detailed information about each fund and its investments. The SAI is incorporated herein by reference (legally forms a part of the prospectus). Each fund's annual and semi-annual reports also include additional information. Each fund's annual report includes a discussion of the fund's holdings and recent market conditions and the fund's investment strategies that affected performance.

For a free copy of any of these documents or to request other information or ask questions about a fund, call Fidelity at 1-800-544-3716. In addition, you may visit Fidelity's web site at www.netbenefits.com for a free copy of a prospectus, SAI, or annual or semi-annual report or to request other information.

The SAI, the funds' annual and semi-annual reports and other related materials are available from the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) Database on the SEC's web site (http://www.sec.gov). You can obtain copies of this information, after paying a duplicating fee, by sending a request by e-mail to publicinfo@sec.gov or by writing the Public Reference Section of the SEC, Washington, D.C. 20549-1520. You can also review and copy information about the funds, including the funds' SAI, at the SEC's Public Reference Room in Washington, D.C. Call 1-202-551-8090 for information on the operation of the SEC's Public Reference Room.

Investment Company Act of 1940, File Number(s), 811-03221

Fidelity Distributors Company LLC (FDC) is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at 202-371-8300.

Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2022 FMR LLC. All rights reserved.

1.9904666.101

HSA-PRO-1122

1 year	$	52
3 years	$	164
5 years	$	285
10 years	$	640

Portfolio Turnover

The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 22 % of the average value of its portfolio.

Principal Investment Strategies

Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities).
Maintaining a neutral mix over time of 20% of assets in stocks, 50% of assets in bonds, and 30% of assets in short-term and money market instruments.
Adjusting allocation among asset classes gradually within the following ranges: stock class (10%-30%), bond class (40%-60%), and short-term/money market class (10%-50%).
Investing in domestic and foreign issuers.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Principal Investment Risks

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Income Risk.

A low or negative interest rate environment can adversely affect an underlying fund's yield.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.

Performance

The following information is intended to help you understand the risks of investing in the fund.

The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	6.83 %	5.16 %	4.11 %	- 0.30 %	4.70 %	6.98 %	- 1.64 %	10.64 %	8.62 %	4.04 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	7.54 %	June 30, 2020
Lowest Quarter Return	- 5.41 %	March 31, 2020
Year-to-Date Return	- 12.65 %	September 30, 2022

Average Annual Returns

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity Asset Manager® 20%
Return Before Taxes	4.04 %	5.64 %	4.85 %
Return After Taxes on Distributions	3.42 %	4.58 %	3.73 %
Return After Taxes on Distributions and Sale of Fund Shares	2.46 %	3.99 %	3.40 %
Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	- 1.54 %	3.57 %	2.90 %
Fidelity Asset Manager 20% Composite Index℠ (reflects no deduction for fees or expenses)	3.05 %	5.32 %	4.48 %

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2009.

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2018.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

Shares of the fund are not eligible for purchase by registered investment companies or business development companies to the extent such acquisition is in reliance on Rule 12d1-4 under the Investment Company Act of 1940.

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

The fund, the Adviser, Fidelity Distributors Company LLC (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.

Fund Summary

Fund /Class:

Fidelity Asset Manager® 30%

/Fidelity Asset Manager® 30%

Investment Objective

Fidelity Asset Manager® 30% seeks a high level of current income by allocating its assets among stocks, bonds, short-term instruments and other investments. The fund also considers the potential for capital appreciation.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of certain share classes of the fund.

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.40 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.12 %
Total annual operating expenses	0.52 %

1 year	$	53
3 years	$	167
5 years	$	291
10 years	$	653

Portfolio Turnover

Principal Investment Strategies

Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities).
Maintaining a neutral mix over time of 30% of assets in stocks, 50% of assets in bonds, and 20% of assets in short-term and money market instruments.
Adjusting allocation among asset classes gradually within the following ranges: stock class (20%-40%), bond class (40%-60%), and short-term/money market class (0%-50%).
Investing in domestic and foreign issuers.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Principal Investment Risks

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Income Risk.

A low or negative interest rate environment can adversely affect an underlying fund's yield.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	8.69 %	7.94 %	4.83 %	- 0.29 %	5.50 %	9.43 %	- 2.91 %	13.51 %	11.08 %	6.03 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	9.92 %	June 30, 2020
Lowest Quarter Return	- 7.67 %	March 31, 2020
Year-to-Date Return	- 15.43 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity Asset Manager® 30%
Return Before Taxes	6.03 %	7.27 %	6.27 %
Return After Taxes on Distributions	5.32 %	6.23 %	5.21 %
Return After Taxes on Distributions and Sale of Fund Shares	3.66 %	5.30 %	4.59 %
Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	- 1.54 %	3.57 %	2.90 %
Fidelity Asset Manager 30% Composite Index℠ (reflects no deduction for fees or expenses)	4.99 %	6.79 %	5.84 %

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2009.

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2018.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund /Class:

Fidelity Asset Manager® 40%

/Fidelity Asset Manager® 40%

Investment Objective

Fidelity Asset Manager® 40% seeks current income as well as total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments. The fund also considers the potential for capital appreciation.

Fee Table

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.40 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.13 %
Total annual operating expenses A	0.53 %

A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. For the period, acquired fund fees and expenses are less than 0.01% and are included in other expenses.

1 year	$	54
3 years	$	170
5 years	$	296
10 years	$	665

Portfolio Turnover

Principal Investment Strategies

Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities).
Maintaining a neutral mix over time of 40% of assets in stocks, 45% of assets in bonds, and 15% of assets in short-term and money market instruments.
Adjusting allocation among asset classes gradually within the following ranges: stock class (20%-60%), bond class (30%-60%), and short-term/money market class (0%-50%).
Investing in domestic and foreign issuers.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Principal Investment Risks

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Income Risk.

A low or negative interest rate environment can adversely affect an underlying fund's yield.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	10.23 %	11.09 %	5.13 %	- 0.29 %	6.00 %	11.78 %	- 4.06 %	15.82 %	13.10 %	8.03 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	11.89 %	June 30, 2020
Lowest Quarter Return	- 9.67 %	March 31, 2020
Year-to-Date Return	- 17.44 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity Asset Manager® 40%
Return Before Taxes	8.03 %	8.70 %	7.52 %
Return After Taxes on Distributions	7.19 %	7.60 %	6.44 %
Return After Taxes on Distributions and Sale of Fund Shares	4.94 %	6.45 %	5.64 %
Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	- 1.54 %	3.57 %	2.90 %
Fidelity Asset Manager 40% Composite Index℠ (reflects no deduction for fees or expenses)	7.03 %	8.12 %	7.07 %

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2009.

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2018.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund /Class:

Fidelity Asset Manager® 50%

/Fidelity Asset Manager® 50%

Investment Objective

Fidelity Asset Manager® 50% seeks high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.

Fee Table

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.48 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.13 %
Total annual operating expenses	0.61 %

1 year	$	62
3 years	$	195
5 years	$	340
10 years	$	762

Portfolio Turnover

Principal Investment Strategies

Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities).
Maintaining a neutral mix over time of 50% of assets in stocks, 40% of assets in bonds, and 10% of assets in short-term and money market instruments.
Adjusting allocation among asset classes gradually within the following ranges: stock class (30%-70%), bond class (20%-60%), and short-term/money market class (0%-50%).
Investing in domestic and foreign issuers.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Principal Investment Risks

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Income Risk.

A low or negative interest rate environment can adversely affect an underlying fund's yield.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	11.37 %	13.96 %	5.48 %	- 0.44 %	6.43 %	14.06 %	- 5.37 %	18.26 %	14.72 %	9.85 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	13.89 %	June 30, 2020
Lowest Quarter Return	- 11.86 %	March 31, 2020
Year-to-Date Return	- 19.37 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity Asset Manager® 50%
Return Before Taxes	9.85 %	9.97 %	8.60 %
Return After Taxes on Distributions	8.88 %	8.74 %	7.23 %
Return After Taxes on Distributions and Sale of Fund Shares	6.14 %	7.48 %	6.45 %
S&P 500® Index (reflects no deduction for fees, expenses, or taxes)	28.71 %	18.47 %	16.55 %
Fidelity Asset Manager 50% Composite Index℠ (reflects no deduction for fees or expenses)	9.11 %	9.45 %	8.29 %

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2009.

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2018.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund /Class:

Fidelity Asset Manager® 60%

/Fidelity Asset Manager® 60%

Investment Objective

Fidelity Asset Manager® 60% seeks high total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Fee Table

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.53 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.15 %
Total annual operating expenses A	0.68 %

1 year	$	69
3 years	$	218
5 years	$	379
10 years	$	847

Portfolio Turnover

Principal Investment Strategies

Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities).
Maintaining a neutral mix over time of 60% of assets in stocks, 35% of assets in bonds, and 5% of assets in short-term and money market instruments.
Adjusting allocation among asset classes gradually within the following ranges: stock class (40%-90%), bond class (10%-60%), and short-term/money market class (0%-50%).
Investing in domestic and foreign issuers.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Principal Investment Risks

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Income Risk.

A low or negative interest rate environment can adversely affect an underlying fund's yield.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	12.72 %	16.89 %	5.76 %	- 0.55 %	6.76 %	16.40 %	- 6.61 %	20.65 %	16.14 %	11.85 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	15.92 %	June 30, 2020
Lowest Quarter Return	- 14.07 %	March 31, 2020
Year-to-Date Return	- 21.20 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity Asset Manager® 60%
Return Before Taxes	11.85 %	11.25 %	9.69 %
Return After Taxes on Distributions	11.00 %	10.24 %	8.58 %
Return After Taxes on Distributions and Sale of Fund Shares	7.29 %	8.62 %	7.51 %
S&P 500® Index (reflects no deduction for fees, expenses, or taxes)	28.71 %	18.47 %	16.55 %
Fidelity Asset Manager 60% Composite Index℠ (reflects no deduction for fees or expenses)	11.20 %	10.76 %	9.51 %

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2009.

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2018.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund /Class:

Fidelity Asset Manager® 70%

/Fidelity Asset Manager® 70%

Investment Objective

Fidelity Asset Manager® 70% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Fee Table

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.53 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.14 %
Total annual operating expenses	0.67 %

1 year	$	68
3 years	$	214
5 years	$	373
10 years	$	835

Portfolio Turnover

Principal Investment Strategies

Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities).
Maintaining a neutral mix over time of 70% of assets in stocks, 25% of assets in bonds, and 5% of assets in short-term and money market instruments.
Adjusting allocation among asset classes gradually within the following ranges: stock class (50%-100%), bond class (0%-50%), and short-term/money market class (0%-50%).
Investing in domestic and foreign issuers.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Principal Investment Risks

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Income Risk.

A low or negative interest rate environment can adversely affect an underlying fund's yield.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	14.12 %	20.12 %	5.61 %	- 0.55 %	7.08 %	18.70 %	- 7.66 %	22.83 %	17.18 %	13.98 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	17.66 %	June 30, 2020
Lowest Quarter Return	- 16.20 %	March 31, 2020
Year-to-Date Return	- 22.40 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity Asset Manager® 70%
Return Before Taxes	13.98 %	12.45 %	10.73 %
Return After Taxes on Distributions	13.04 %	11.25 %	9.58 %
Return After Taxes on Distributions and Sale of Fund Shares	8.57 %	9.58 %	8.44 %
S&P 500® Index (reflects no deduction for fees, expenses, or taxes)	28.71 %	18.47 %	16.55 %
Fidelity Asset Manager 70% Composite Index℠ (reflects no deduction for fees or expenses)	13.42 %	11.93 %	10.59 %

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2009.

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2018.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund /Class:

Fidelity Asset Manager® 85%

/Fidelity Asset Manager® 85%

Investment Objective

Fidelity Asset Manager® 85% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Fee Table

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.53 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.16 %
Total annual operating expenses	0.69 %

1 year	$	70
3 years	$	221
5 years	$	384
10 years	$	859

Portfolio Turnover

Principal Investment Strategies

Allocating the fund's assets between two main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), and the bond and short-term/money market class (fixed-income securities of all types and maturities, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities).
Maintaining a neutral mix over time of 85% of assets in stocks and 15% of assets in bonds and short-term and money market instruments.
Adjusting allocation between asset classes gradually within the following ranges: stock class (60%-100%) and bond and short-term/money market class (0%-40%).
Investing in domestic and foreign issuers.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.

Principal Investment Risks

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Income Risk.

A low or negative interest rate environment can adversely affect an underlying fund's yield.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
	15.93 %	25.16 %	5.90 %	- 0.58 %	7.38 %	22.27 %	- 9.22 %	26.29 %	19.36 %	17.10 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	20.34 %	June 30, 2020
Lowest Quarter Return	- 18.97 %	March 31, 2020
Year-to-Date Return	- 24.85 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Fidelity Asset Manager® 85%
Return Before Taxes	17.10 %	14.40 %	12.38 %
Return After Taxes on Distributions	16.05 %	13.25 %	11.22 %
Return After Taxes on Distributions and Sale of Fund Shares	10.53 %	11.23 %	9.88 %
S&P 500® Index (reflects no deduction for fees, expenses, or taxes)	28.71 %	18.47 %	16.55 %
Fidelity Asset Manager 85% Composite Index℠ (reflects no deduction for fees or expenses)	16.80 %	13.84 %	12.37 %

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2009.

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2018.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Basics

Investment Details

Investment Objective

Fidelity Asset Manager® 20% seeks a high level of current income by allocating its assets among stocks, bonds, short-term instruments and other investments. The fund also considers the potential for capital appreciation (may be changed without shareholder vote).

Principal Investment Strategies

The fund organizes its investments into three main asset classes: the stock class , the bond class , and the short-term/money market class . The fund's neutral mix is 20% stock class, 50% bond class; and 30% short-term/money market class.

The Adviser may overweight or underweight each asset class within the following ranges:

Neutral Mix

In managing the fund, the Adviser seeks to outperform the following composite benchmark, which is designed to represent the neutral mix:

12% Dow Jones U.S. Total Stock Market Index℠ (U.S. stocks)
8% MSCI ACWI ex USA Index (foreign stocks)
50% Bloomberg U.S. Aggregate Bond Index (U.S. bonds)
30% Bloomberg U.S. 3-Month Treasury Bellwether Index

The Adviser allocates the fund's assets among the three asset classes, generally using different Fidelity managers to handle investments within each asset class. The fund gains exposure to each asset class mainly by investing in one or more Central funds, which are specialized Fidelity ® investment vehicles designed to be used by Fidelity ® funds. Fidelity uses Central funds to invest in particular security types or investment disciplines; for example, rather than buy bonds directly, the fund may invest in a Central fund that buys bonds. Fidelity does not charge any additional management fees for Central funds. The fund may gain exposure to each asset class also by investing directly in individual securities through one or more subportfolios, which are portions of the fund's assets assigned to different managers. In addition, the fund may, directly or through Central funds, make investments that do not fall into any of the three asset classes.

The Adviser regularly reviews the fund's allocation and makes changes gradually to favor investments that it believes will provide the most favorable outlook for achieving the fund's objective. The Adviser will not try to pinpoint the precise moment when a major reallocation should be made.

Stock Class

The fund invests in stocks mainly by investing in one or more Central funds, which are managed in an effort to outperform multiple sectors of the U.S. stock market. At present, these sectors include communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities.

The Adviser expects the fund's sector exposure will approximate the sector weightings of a broadly diversified representation of the U.S. stock market. While the Adviser may overweight or underweight one or more sectors from time to time, the Adviser expects the returns of the fund to be driven primarily by the security selections of the Central funds.

The Central funds are managed against one or more U.S. benchmarks, but are not limited to U.S. stocks, and the Central fund managers have discretion to make foreign investments. As a result, the fund's total allocation to foreign stocks could be substantially higher than the fund's composite benchmark might suggest.

The fund invests in stocks also by investing in one or more international Central funds, which are managed in an effort to outperform foreign stock markets. At present, these Central funds include Fidelity ® International Equity Central Fund and Fidelity ® Emerging Markets Equity Central Fund. The Adviser decides what portion of the fund's assets to allocate to international Central funds based mainly on the allocation to foreign stocks in the fund's composite benchmark.

Bond Class

Short-Term/Money Market Class

The fund invests in short-term and money market instruments mainly by investing in Central funds that focus on particular types of fixed-income securities maturing in one year or less. At present, these Central funds include Fidelity ® Money Market Central Fund (money market instruments).

Although the Central funds are categorized generally as stock, bond, and short-term/money market funds, many of the Central funds may invest in a mix of securities of foreign (including emerging markets) and domestic issuers, investment-grade and lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), and other securities, and may engage in transactions that have a leveraging effect, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options (including options on futures and swaps), and futures contracts - and forward-settling securities. Central funds may also focus on other types of securities, including commodity-linked derivative instruments such as commodity-linked notes and commodity futures and swaps. The Adviser may invest the fund's assets in Central funds created in the future, as determined from time to time by the Adviser. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the world's major economies and may have the potential for rapid economic growth.

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Investment Objective

Principal Investment Strategies

The fund organizes its investments into three main asset classes: the stock class , the bond class , and the short-term/money market class . The fund's neutral mix is 30% stock class, 50% bond class; and 20% short-term/money market class.

The Adviser may overweight or underweight each asset class within the following ranges:

Neutral Mix

In managing the fund, the Adviser seeks to outperform the following composite benchmark, which is designed to represent the neutral mix:

18% Dow Jones U.S. Total Stock Market Index℠ (U.S. stocks)
12% MSCI ACWI ex USA Index (foreign stocks)
50% Bloomberg U.S. Aggregate Bond Index (U.S. bonds)
20% Bloomberg U.S. 3-Month Treasury Bellwether Index

Stock Class

Bond Class

Short-Term/Money Market Class

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Investment Objective

Principal Investment Strategies

The fund organizes its investments into three main asset classes: the stock class , the bond class , and the short-term/money market class . The fund's neutral mix is 40% stock class, 45% bond class; and 15% short-term/money market class.

The Adviser may overweight or underweight each asset class within the following ranges:

Neutral Mix

In managing the fund, the Adviser seeks to outperform the following composite benchmark, which is designed to represent the neutral mix:

24% Dow Jones U.S. Total Stock Market Index℠ (U.S. stocks)
16% MSCI ACWI ex USA Index (foreign stocks)
45% Bloomberg U.S. Aggregate Bond Index (U.S. bonds)
15% Bloomberg U.S. 3-Month Treasury Bellwether Index

Stock Class

Bond Class

Short-Term/Money Market Class

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Investment Objective

Fidelity Asset Manager® 50% seeks high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.

Principal Investment Strategies

The fund organizes its investments into three main asset classes: the stock class , the bond class , and the short-term/money market class . The fund's neutral mix is 50% stock class, 40% bond class; and 10% short-term/money market class.

The Adviser may overweight or underweight each asset class within the following ranges:

Neutral Mix

In managing the fund, the Adviser seeks to outperform the following composite benchmark, which is designed to represent the neutral mix:

30% Dow Jones U.S. Total Stock Market Index℠ (U.S. stocks)
20% MSCI ACWI ex USA Index (foreign stocks)
40% Bloomberg U.S. Aggregate Bond Index (U.S. bonds)
10% Bloomberg U.S. 3-Month Treasury Bellwether Index

Stock Class

Bond Class

Short-Term/Money Market Class

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Investment Objective

Fidelity Asset Manager® 60% seeks high total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Principal Investment Strategies

The fund organizes its investments into three main asset classes: the stock class , the bond class , and the short-term/money market class . The fund's neutral mix is 60% stock class, 35% bond class; and 5% short-term/money market class.

The Adviser may overweight or underweight each asset class within the following ranges:

Neutral Mix

In managing the fund, the Adviser seeks to outperform the following composite benchmark, which is designed to represent the neutral mix:

36% Dow Jones U.S. Total Stock Market Index℠ (U.S. stocks)
24% MSCI ACWI ex USA Index (foreign stocks)
35% Bloomberg U.S. Aggregate Bond Index (U.S. bonds)
5% Bloomberg U.S. 3-Month Treasury Bellwether Index

Stock Class

Bond Class

Short-Term/Money Market Class

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Investment Objective

Fidelity Asset Manager® 70% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Principal Investment Strategies

The fund organizes its investments into three main asset classes: the stock class , the bond class , and the short-term/money market class . The fund's neutral mix is 70% stock class, 25% bond class; and 5% short-term/money market class.

The Adviser may overweight or underweight each asset class within the following ranges:

Neutral Mix

In managing the fund, the Adviser seeks to outperform the following composite benchmark, which is designed to represent the neutral mix:

42% Dow Jones U.S. Total Stock Market Index℠ (U.S. stocks)
28% MSCI ACWI ex USA Index (foreign stocks)
25% Bloomberg U.S. Aggregate Bond Index (U.S. bonds)
5% Bloomberg U.S. 3-Month Treasury Bellwether Index

Stock Class

Bond Class

Short-Term/Money Market Class

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Investment Objective

Fidelity Asset Manager® 85% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Principal Investment Strategies

The fund organizes its investments into two main asset classes: the stock class and the bond and short-term/money market class . The fund's neutral mix is 85% stock class and 15% bond and short-term/money market class.

The Adviser may overweight or underweight each asset class within the following ranges:

Neutral Mix

In managing the fund, the Adviser seeks to outperform the following composite benchmark, which is designed to represent the neutral mix:

51% Dow Jones U.S. Total Stock Market Index℠ (U.S. stocks)
34% MSCI ACWI ex USA Index (foreign stocks)
15% Bloomberg U.S. Aggregate Bond Index (U.S. bonds and short term/money market instruments)

The Adviser allocates the fund's assets between the two asset classes, generally using different Fidelity managers to handle investments within each asset class. The fund gains exposure to each asset class mainly by investing in one or more Central funds, which are specialized Fidelity ® investment vehicles designed to be used by Fidelity ® funds. Fidelity uses Central funds to invest in particular security types or investment disciplines; for example, rather than buy bonds directly, the fund may invest in a Central fund that buys bonds. Fidelity does not charge any additional management fees for Central funds. The fund may gain exposure to each asset class also by investing directly in individual securities through one or more subportfolios, which are portions of the fund's assets assigned to different managers. In addition, the fund may, directly or through Central funds, make investments that do not fall into either of the two asset classes.

Stock Class

Bond and Short-Term/Money Market Class

The fund invests in bonds mainly by investing in Central funds that focus on particular types of fixed-income securities. At present, these Central funds include Fidelity ® I nvestment Grade Bond Central Fund (investment-grade bonds), Fidelity ® High Income Central Fund (high yield securities), Fidelity ® Floating Rate Central Fund (floating rate loans and other floating rate securities), Fidelity ® Emerging Markets Debt Central Fund and Fidelity ® Emerging Markets Debt Local Currency Central Fund (emerging markets debt securities), and Fidelity ® Inflation-Protected Bond Index Central Fund (inflation-protected securities). The fund invests in short-term and money market instruments mainly by investing in Central funds that focus on particular types of fixed-income securities maturing in one year or less. At present, these Central funds include Fidelity ® Money Market Central Fund (money market instruments).

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Description of Principal Security Types

Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Different types of equity securities provide different voting and dividend rights and priority in the event of the bankruptcy of the issuer. Equity securities include common stocks, preferred stocks, convertible securities, and warrants.

Debt securities are used by issuers to borrow money. The issuer usually pays a fixed, variable, or floating rate of interest, and must repay the amount borrowed, usually at the maturity of the security. Some debt securities, such as zero coupon bonds, do not pay current interest but are sold at a discount from their face values. Debt securities include corporate bonds, government securities (including Treasury securities), repurchase agreements, money market securities, mortgage and other asset-backed securities, loans and loan participations, and other securities believed to have debt-like characteristics, including hybrids and synthetic securities.

Money market securities are high-quality, short-term securities that pay a fixed, variable, or floating interest rate. Securities are often specifically structured so that they are eligible investments for a money market fund. For example, in order to satisfy the maturity restrictions for a money market fund, some money market securities have demand or put features, which have the effect of shortening the security's maturity. Money market securities include bank certificates of deposit, bankers' acceptances, bank time deposits, notes, commercial paper, and U.S. Government securities. Certain issuers of U.S. Government securities, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, are sponsored or chartered by Congress but their securities are neither issued nor guaranteed by the U.S. Treasury.

Derivatives are investments whose values are tied to an underlying asset, instrument, currency, or index. Derivatives include futures, options, forwards, and swaps, such as interest rate swaps (exchanging a floating rate for a fixed rate), total return swaps (exchanging a floating rate for the total return of an index, security, or other instrument or investment) and credit default swaps (buying or selling credit default protection).

Forward-settling securities involve a commitment to purchase or sell specific securities when issued, or at a predetermined price or yield. When a fund does not already own or have the right to obtain securities equivalent in kind and amount, a commitment to sell securities is equivalent to a short sale. Payment and delivery take place after the customary settlement period.

Central funds are special types of investment vehicles created by Fidelity for use by Fidelity ® funds and other advisory clients. Central funds incur certain costs related to their investment activity (such as custodial fees and expenses), but do not pay additional management fees. The investment results of the portions of the fund's assets invested in the Central funds will be based upon the investment results of those funds.

Principal Investment Risks

Many factors affect each fund's performance. Developments that disrupt global economies and financial markets, such as pandemics and epidemics, may magnify factors that affect a fund's performance. A fund's share price and yield change daily based on changes in market conditions and interest rates and in response to other economic, political, or financial developments. A fund's reaction to these developments will be affected by the types and maturities of securities in which the fund invests, the financial condition, industry and economic sector, and geographic location of an issuer, and the fund's level of investment in the securities of that issuer. When you sell your shares they may be worth more or less than what you paid for them, which means that you could lose money by investing in a fund.

The following factors can significantly affect a fund's performance:

Foreign Exposure. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign exchange rates; withholding or other taxes; trading, settlement, custodial, and other operational risks; and the less stringent investor protection and disclosure standards of some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market.

Foreign Currency Transactions. A fund that invests in securities denominated in foreign currencies may enter into forward foreign currency exchange contracts. A forward foreign currency exchange contract, which involves an obligation to purchase or sell a specific currency at a future date at a price set at the time of the contract, reduces a fund's exposure to changes in the value of the currency it will deliver and increases its exposure to changes in the value of the currency it will receive for the duration of the contract. Certain foreign currency transactions may also be settled in cash rather than the actual delivery of the relevant currency. A contract to sell a foreign currency would limit any potential gain that might be realized if the value of the hedged currency increases. Suitable hedging transactions may not be available in all circumstances, may not be successful, and may eliminate any chance for the fund to benefit from favorable fluctuations in relevant foreign currencies.

Issuer-Specific Changes. Changes in the financial condition of an issuer or counterparty, changes in specific economic or political conditions that affect a particular type of security or issuer, and changes in general economic or political conditions can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's credit quality or value. The value of securities of smaller, less well-known issuers can be more volatile than that of larger issuers. Entities providing credit support or a maturity-shortening structure also can be affected by these types of changes, and if the structure of a security fails to function as intended, the security could decline in value. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities tend to be particularly sensitive to these changes.

Lower-quality debt securities and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities often fluctuates in response to company, political, or economic developments and can decline significantly over short as well as long periods of time or during periods of general or regional economic difficulty .

Income Risk . An underlying fund's income, or yield, is based on short-term interest rates, which can fluctuate significantly over short periods. A low or negative interest rate environment can adversely affect an underlying fund's yield and, depending on its duration and severity, could prevent the underlying fund from providing a positive yield. In addition, an underlying fund's yield will vary as the short-term securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates.

Commodity-Linked Investing. The performance of commodities, commodity-linked swaps, futures, notes, and other commodity-related investments may depend on the performance of individual commodities and the overall commodities markets and on other factors that affect the value of commodities, including weather, political, tax, and other regulatory and market developments. Commodity-linked instruments may be leveraged. For example, the price of a three-times leveraged commodity-linked note may change by a magnitude of three for every percentage change (positive or negative) in the value of the underlying index. Commodity-linked investments may be hybrid instruments that can have substantial risk of loss with respect to both principal and interest. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures, and may be subject to the credit risks associated with the issuer or counterparty. As a result, returns of commodity-linked investments may deviate significantly from the return of the underlying commodity, instruments, or measures. In addition, the regulatory and tax environment for commodity-linked derivative instruments is evolving, and changes in the regulation or taxation of such investments may have a material adverse impact on the fund.

Commodity Futures. Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which the fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits. " Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. Once the price of a particular commodity futures contract has increased or decreased by an amount equal to the daily limit, positions in that contract can neither be taken nor liquidated unless traders are willing to effect trades at or within the limit. If triggered, these limits could prevent the fund from liquidating unfavorable positions and subject the fund to losses or prevent it from entering into desired trades during the particular trading day. A commodity futures contract could also move to the daily limit for several consecutive trading days with little or no trading, thereby further prolonging the liquidation of positions and subjecting some holders of such futures contracts to additional losses. In extraordinary circumstances, a futures exchange or the applicable regulator could suspend trading in a particular futures contract, or order liquidation or settlement of all open positions in such contract.

Other Investment Strategies

In addition to the principal investment strategies discussed above, the Adviser may lend a fund's securities to broker-dealers or other institutions to earn income for the fund.

The Adviser may also use derivatives, such as buying and selling futures contracts (both long and short positions), to manage the allocation of a fund's assets among asset classes. For example, the Adviser may buy stock index futures to increase a fund's allocation to the stock class.

Fundamental Investment Policies

The following is fundamental, that is, subject to change only by shareholder approval:

Fidelity Asset Manager® 20% seeks a high level of current income by allocating its assets among stocks, bonds, short-term instruments and other investments.

Fidelity Asset Manager® 30% seeks a high level of current income by allocating its assets among stocks, bonds, short-term instruments and other investments.

Fidelity Asset Manager® 40% seeks current income as well as total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.

Fidelity Asset Manager® 50% seeks high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.

Fidelity Asset Manager® 60% seeks high total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Fidelity Asset Manager® 70% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Fidelity Asset Manager® 85% seeks to maximize total return over the long term by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Valuing Shares

Each fund is open for business each day the NYSE is open.

Fund	NAV Calculation Times (Eastern Time)
Fidelity Asset Manager® 20%	4:00 p.m.
Fidelity Asset Manager® 30%	4:00 p.m.
Fidelity Asset Manager® 40%	4:00 p.m.
Fidelity Asset Manager® 50%	4:00 p.m.
Fidelity Asset Manager® 60%	4:00 p.m.
Fidelity Asset Manager® 70%	4:00 p.m.
Fidelity Asset Manager® 85%	4:00 p.m.

To the extent that a fund's assets are traded in other markets on days when the fund is not open for business, the value of the fund's assets may be affected on those days. In addition, trading in some of a fund's assets may not occur on days when the fund is open for business.

NAV is calculated using the values of other open-end funds, if any, in which a fund invests (referred to as underlying funds). Shares of underlying funds are valued at their respective NAVs. Other assets are valued primarily on the basis of market quotations, official closing prices, or information furnished by a pricing service. Certain short-term securities are valued on the basis of amortized cost. If market quotations, official closing prices, or information furnished by a pricing service are not readily available or, in the Adviser's opinion, are deemed unreliable for a security, then that security will be fair valued in good faith by the Adviser in accordance with applicable fair value pricing policies. For example, if, in the Adviser's opinion, a security's value has been materially affected by events occurring before a fund's pricing time but after the close of the exchange or market on which the security is principally traded, then that security will be fair valued in good faith by the Adviser in accordance with applicable fair value pricing policies. Fair value pricing will be used for high yield debt securities when available pricing information is determined to be stale or for other reasons not to accurately reflect fair value.

Arbitrage opportunities may exist when trading in a portfolio security or securities is halted and does not resume before a fund calculates its NAV. These arbitrage opportunities may enable short-term traders to dilute the NAV of long-term investors. Securities trading in overseas markets present time zone arbitrage opportunities when events affecting portfolio security values occur after the close of the overseas markets but prior to the close of the U.S. market. Fair valuation of a fund's portfolio securities can serve to reduce arbitrage opportunities available to short-term traders, but there is no assurance that fair value pricing policies will prevent dilution of NAV by short-term traders.

Policies regarding excessive trading may not be effective to prevent short-term NAV arbitrage trading, particularly in regard to omnibus accounts.

Fair value pricing is based on subjective judgments and it is possible that the fair value of a security may differ materially from the value that would be realized if the security were sold.

Shareholder Information

Additional Information about the Purchase and Sale of Shares

As used in this prospectus, the term "shares" generally refers to the shares offered through this prospectus.

General Information

Information on Fidelity

Fidelity Investments was established in 1946 to manage one of America's first mutual funds. Today, Fidelity is one of the world's largest providers of financial services.

In addition to its fund business, the company operates one of America's leading brokerage firms, Fidelity Brokerage Services LLC. Fidelity is also a leader in providing tax-advantaged retirement plans for individuals investing on their own or through their employer.

Ways to Invest

Subject to the purchase and sale requirements stated in this prospectus, you may buy or sell shares through a Fidelity ® brokerage account or a Fidelity ® mutual fund account. If you buy or sell shares (other than by exchange) through a Fidelity ® brokerage account, your transactions generally involve your Fidelity ® brokerage core (a settlement vehicle included as part of your Fidelity ® brokerage account).

If you do not currently have a Fidelity ® brokerage account or a Fidelity ® mutual fund account and would like to invest in a fund, you may need to complete an application. For more information about a Fidelity ® brokerage account or a Fidelity ® mutual fund account, please visit Fidelity's web site at www.fidelity.com, call 1-800-FIDELITY, or visit a Fidelity Investor Center (call 1-800-544-9797 for the center nearest you).

You may also buy or sell shares through a retirement account (such as an IRA or an account funded through salary deduction) or an investment professional. Retirement specialists are available at 1-800-544-4774 to answer your questions about Fidelity ® retirement products. If you buy or sell shares through a retirement account or an investment professional, the procedures for buying, selling, and exchanging shares and the account features, policies, and fees may differ from those discussed in this prospectus. Fees in addition to those discussed in this prospectus may apply. For example, you may be charged a transaction fee if you buy or sell shares through a non-Fidelity broker or other investment professional.

Information on Placing Orders

You should include the following information with any order:

Your name
Your account number
Type of transaction requested
Name(s) of fund(s) and class(es)
Dollar amount or number of shares

Certain methods of contacting Fidelity may be unavailable or delayed (for example, during periods of unusual market activity). In addition, the level and type of service available may be restricted.

Frequent Purchases and Redemptions

A fund may reject for any reason, or cancel as permitted or required by law, any purchase or exchange, including transactions deemed to represent excessive trading, at any time.

Each fund reserves the right at any time to restrict purchases or exchanges or impose conditions that are more restrictive on excessive trading than those stated in this prospectus.

Excessive Trading Policy

Exceptions

Fidelity may choose not to monitor transactions below certain dollar value thresholds.

Omnibus Accounts

If you purchase or sell fund shares through a financial intermediary, you may wish to contact the intermediary to determine the policies applicable to your account.

Retirement Plans

Other Information about the Excessive Trading Policy

Each fund does not knowingly accommodate frequent purchases and redemptions of fund shares by investors, except to the extent permitted by the policies described above.

Buying Shares

Eligibility

Shares are generally available only to investors residing in the United States.

There is no minimum balance or purchase minimum for fund shares.

Price to Buy

The price to buy one share is its NAV. Shares are sold without a sales charge.

Shares will be bought at the NAV next calculated after an order is received in proper form.

Each fund has authorized certain intermediaries to accept orders to buy shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be bought at the NAV next calculated after the order is received by the authorized intermediary. If applicable, orders by funds of funds for which Fidelity serves as investment manager will be treated as received by the fund at the same time that the corresponding orders are received in proper form by the funds of funds.

Each fund may stop offering shares completely or may offer shares only on a limited basis, for a period of time or permanently.

If your payment is not received and collected, your purchase may be canceled and you could be liable for any losses or fees a fund or Fidelity has incurred.

Certain financial institutions that have entered into sales agreements with FDC may enter confirmed purchase orders on behalf of customers by phone, with payment to follow no later than the time when shares are priced on the following business day. If payment is not received by that time, the order will be canceled and the financial institution could be held liable for resulting fees or losses.

Under applicable anti-money laundering rules and other regulations, purchase orders may be suspended, restricted, or canceled and the monies may be withheld.

Selling Shares

The price to sell one share is its NAV.

Shares will be sold at the NAV next calculated after an order is received in proper form.

Normally, redemptions will be processed by the next business day, but it may take up to seven days to pay the redemption proceeds if making immediate payment would adversely affect a fund.

Each fund has authorized certain intermediaries to accept orders to sell shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be sold at the NAV next calculated after the order is received by the authorized intermediary. If applicable, orders by funds of funds for which Fidelity serves as investment manager will be treated as received by the fund at the same time that the corresponding orders are received in proper form by the funds of funds.

See "Policies Concerning the Redemption of Fund Shares" below for additional redemption information.

When you wish to sell more than $100,000 worth of shares.
When the address on your account (record address) has changed within the last 15 days or you are requesting that a check be mailed to an address different than the record address.
When you are requesting that redemption proceeds be paid to someone other than the account owner.
In certain situations when the redemption proceeds are being transferred to a Fidelity® brokerage or mutual fund account with a different registration.

When you place an order to sell shares, note the following:

Redemption proceeds (other than exchanges) may be delayed until money from prior purchases sufficient to cover your redemption has been received and collected.

Redemptions may be suspended or payment dates postponed when the NYSE is closed (other than weekends or holidays), when trading on the NYSE is restricted, or as permitted by the SEC.
Redemption proceeds may be paid in securities or other property rather than in cash if the Adviser determines it is in the best interests of a fund.

You will not receive interest on amounts represented by uncashed redemption checks.

If you hold your shares in a Fidelity® brokerage or mutual fund account and your redemption check remains uncashed for six months, the check may be invested in additional shares at the NAV next calculated on the day of the investment.
Under applicable anti-money laundering rules and other regulations, redemption requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

Policies Concerning the Redemption of Fund Shares

Exchanging Shares

An exchange involves the redemption of all or a portion of the shares of one fund and the purchase of shares of another fund.

As a shareholder, you have the privilege of exchanging shares for shares of other Fidelity ® funds.

However, you should note the following policies and restrictions governing exchanges:

The exchange limit may be modified for accounts held by certain institutional retirement plans to conform to plan exchange limits and Department of Labor regulations. See your retirement plan materials for further information.
Each fund may refuse any exchange purchase for any reason. For example, each fund may refuse exchange purchases by any person or group if, in the Adviser's judgment, the fund would be unable to invest the money effectively in accordance with its investment objective and policies, or would otherwise potentially be adversely affected.
Before any exchange, read the prospectus for the shares you are purchasing, including any purchase and sale requirements.
The shares you are acquiring by exchange must be available for sale in your state.
Exchanges may have tax consequences for you.
If you are exchanging between accounts that are not registered in the same name, address, and taxpayer identification number (TIN), there may be additional requirements.
Under applicable anti-money laundering rules and other regulations, exchange requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

The funds may terminate or modify exchange privileges in the future.

Other funds may have different exchange restrictions and minimums. Check each fund's prospectus for details.

Features and Policies

Features

The following features may be available to buy and sell shares of a fund or to move money to and from your account, if you are investing through a Fidelity ® brokerage account or a Fidelity ® mutual fund account. Please visit Fidelity's web site at www.fidelity.com or call 1-800-544-6666 for more information.

Electronic Funds Transfer: electronic money movement through the Automated Clearing House

To transfer money between a bank account and a Fidelity® brokerage account or Fidelity® mutual fund account.

You can use electronic funds transfer to:

_Make periodic (automatic) purchases of Fidelity® fund shares or payments to your Fidelity® brokerage account.
_Make periodic (automatic) redemptions of Fidelity® fund shares or withdrawals from your Fidelity® brokerage account.

Wire: electronic money movement through the Federal Reserve wire system

To transfer money between a bank account and a Fidelity® brokerage account or Fidelity® mutual fund account.

Automatic Transactions: periodic (automatic) transactions

To directly deposit all or a portion of your compensation from your employer (or the U.S. Government, in the case of Social Security) into a Fidelity® brokerage account or Fidelity® mutual fund account.

To make contributions from a Fidelity® mutual fund account to a Fidelity® mutual fund IRA.

To sell shares of a Fidelity® money market fund and simultaneously to buy shares of another Fidelity® fund in a Fidelity® mutual fund account.

Policies

The following apply to you as a shareholder.

Statements that Fidelity sends to you, if applicable, include the following:

Confirmation statements (after transactions affecting your fund balance except, to the extent applicable, reinvestment of distributions in the fund or another fund and certain transactions through automatic investment or withdrawal programs).
Monthly or quarterly account statements (detailing fund balances and all transactions completed during the prior month or quarter).

Current regulations allow Fidelity to send a single copy of shareholder documents for Fidelity ® funds, such as prospectuses, annual and semi-annual reports, and proxy materials, to certain mutual fund customers whom we believe are members of the same family who share the same address. For certain types of accounts, we will not send multiple copies of these documents to you and members of your family who share the same address. Instead, we will send only a single copy of these documents. This will continue for as long as you are a shareholder, unless you notify us otherwise. If at any time you choose to receive individual copies of any documents, please call 1-800-544-8544. We will begin sending individual copies to you within 30 days of receiving your call.

Electronic copies of most financial reports and prospectuses are available at Fidelity's web site. To participate in Fidelity's electronic delivery program, call Fidelity or visit Fidelity's web site for more information.

Fidelity may charge a fee for certain services, such as providing historical account documents.

Dividends and Capital Gain Distributions

Each fund normally declares dividends and pays capital gain distributions per the tables below:

Fund Name	Dividends Paid
Fidelity Asset Manager® 20%	February, March, April, May, June, July, August, September, October, November, December
Fidelity Asset Manager® 30%	February, March, April, May, June, July, August, September, October, November, December
Fidelity Asset Manager® 40%	April, July, October, December
Fidelity Asset Manager® 50%	April, July, October, December
Fidelity Asset Manager® 60%	December
Fidelity Asset Manager® 70%	December
Fidelity Asset Manager® 85%	December

Fund Name	Capital Gains Paid
Fidelity Asset Manager® 20%	December
Fidelity Asset Manager® 30%	December
Fidelity Asset Manager® 40%	December
Fidelity Asset Manager® 50%	December
Fidelity Asset Manager® 60%	December
Fidelity Asset Manager® 70%	December
Fidelity Asset Manager® 85%	December

Distribution Options

When you open an account, specify how you want to receive your distributions. The following distribution options are available:

1. Reinvestment Option.

Any dividends and capital gain distributions will be automatically reinvested in additional shares. If you do not indicate a choice, you will be assigned this option.

2. Income-Earned Option.

Any capital gain distributions will be automatically reinvested in additional shares. Any dividends will be paid in cash.

3. Cash Option.

Any dividends and capital gain distributions will be paid in cash.

4. Directed Dividends® Option.

Any dividends will be automatically invested in shares of another identically registered Fidelity ® fund. Any capital gain distributions will be automatically invested in shares of another identically registered Fidelity ® fund, automatically reinvested in additional shares of the fund, or paid in cash.

Not all distribution options may be available for every account and certain restrictions may apply. If the distribution option you prefer is not listed on your account application, or if you want to change your current distribution option, visit Fidelity's web site at www.fidelity.com or call 1-800-544-6666 for more information.

If you elect to receive distributions paid in cash by check and the U.S. Postal Service does not deliver your checks, your distribution option may be converted to the Reinvestment Option. You will not receive interest on amounts represented by uncashed distribution checks.

If your dividend check(s) remains uncashed for six months, your check(s) may be invested in additional shares at the NAV next calculated on the day of the investment.

Tax Consequences

As with any investment, your investment in a fund could have tax consequences for you (for non-retirement accounts).

Taxes on Distributions

Distributions you receive from each fund are subject to federal income tax, and may also be subject to state or local taxes.

For federal tax purposes, certain distributions, including dividends and distributions of short-term capital gains, are taxable to you as ordinary income, while certain distributions, including distributions of long-term capital gains, are taxable to you generally as capital gains. A percentage of certain distributions of dividends may qualify for taxation at long-term capital gains rates (provided certain holding period requirements are met). Because each bond fund's income is primarily derived from interest, dividends from each bond fund generally will not qualify for the long-term capital gains tax rates available to individuals.

If you buy shares when a fund has realized but not yet distributed income or capital gains, you will be "buying a dividend" by paying the full price for the shares and then receiving a portion of the price back in the form of a taxable distribution.

Any taxable distributions you receive from a fund will normally be taxable to you when you receive them, regardless of your distribution option.

Taxes on Transactions

Your redemptions, including exchanges, may result in a capital gain or loss for federal tax purposes. A capital gain or loss on your investment in a fund generally is the difference between the cost of your shares and the price you receive when you sell them.

Fund Services

Fund Management

Each fund is a mutual fund, an investment that pools shareholders' money and invests it toward a specified goal.

Adviser

FMR. The Adviser is each fund's manager. The address of the Adviser is 245 Summer Street, Boston, Massachusetts 02210.

As the manager, the Adviser has overall responsibility for directing each fund's investments and handling its business affairs.

Sub-Adviser(s)

FMR Investment Management (UK) Limited (FMR UK) , at 1 St. Martin's Le Grand, London, EC1A 4AS, United Kingdom, serves as a sub-adviser for each fund. As of December 31, 2021, FMR UK had approximately $30.9 billion in discretionary assets under management. FMR UK is an affiliate of the Adviser.

FMR UK may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Fidelity Asset Manager® 20%, Fidelity Asset Manager® 30%, Fidelity Asset Manager® 40%, Fidelity Asset Manager® 50%, Fidelity Asset Manager® 60%, Fidelity Asset Manager® 70%, and Fidelity Asset Manager® 85%.

Fidelity Management & Research (Hong Kong) Limited (FMR H.K.) , at Floor 19, 41 Connaught Road Central, Hong Kong, serves as a sub-adviser for each fund. As of December 31, 2021, FMR H.K. had approximately $19.0 billion in discretionary assets under management. FMR H.K. is an affiliate of the Adviser.

FMR H.K. may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Fidelity Asset Manager® 20%, Fidelity Asset Manager® 30%, Fidelity Asset Manager® 40%, Fidelity Asset Manager® 50%, Fidelity Asset Manager® 60%, Fidelity Asset Manager® 70%, and Fidelity Asset Manager® 85%.

Fidelity Management & Research (Japan) Limited (FMR Japan) , at Kamiyacho Prime Place, 1-17, Toranomon-4-Chome, Minato-ku, Tokyo, Japan, serves as a sub-adviser for each fund. As of March 31, 2022, FMR Japan had approximately $6.9 billion in discretionary assets under management. FMR Japan is an affiliate of the Adviser.

FMR Japan may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Fidelity Asset Manager® 20%, Fidelity Asset Manager® 30%, Fidelity Asset Manager® 40%, Fidelity Asset Manager® 50%, Fidelity Asset Manager® 60%, Fidelity Asset Manager® 70%, and Fidelity Asset Manager® 85%.

Portfolio Manager(s)

Avishek Hazrachoudhury is Co-Portfolio Manager of each fund, which he has managed since 2018. He also manages other funds. Since joining Fidelity Investments in 2013, Mr. Hazrachoudhury has worked as a quantitative analyst and portfolio manager.

Geoff Stein is Co-Portfolio Manager of each fund, which he has managed since 2009. He also manages other funds. Since joining Fidelity Investments in 1994, Mr. Stein has worked as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers LLC, and portfolio manager.

The Statement of Additional Information (SAI) provides additional information about the compensation of, any other accounts managed by, and any fund shares held by the portfolio manager(s).

Advisory Fee(s)

Each fund pays a management fee to the Adviser.

The management fee is calculated and paid to the Adviser every month.

The fee is calculated by adding a group fee rate to an individual fund fee rate, dividing by twelve, and multiplying the result by the fund's average net assets throughout the month.

The group fee rate is based on the average net assets of a group of mutual funds advised by FMR. This rate cannot rise above 0.52% for Fidelity Asset Manager ® 50%, Fidelity Asset Manager ® 60%, Fidelity Asset Manager ® 70%, and Fidelity Asset Manager ® 85% or 0.37% for Fidelity Asset Manager ® 20%, Fidelity Asset Manager ® 30%, and Fidelity Asset Manager ® 40%, and it drops as total assets under management increase.

The group fee rate(s) for September 2022 and the annual individual fund fee rate(s) are reflected in the table below:

Fund	Group Fee Rate	Individual Fund Fee Rate
Fidelity Asset Manager ® 20%	0.10%	0.30%
Fidelity Asset Manager ® 30%	0.10%	0.30%
Fidelity Asset Manager ® 40%	0.10%	0.30%
Fidelity Asset Manager ® 50%	0.23%	0.25%
Fidelity Asset Manager ® 60%	0.23%	0.30%
Fidelity Asset Manager ® 70%	0.23%	0.30%
Fidelity Asset Manager ® 85%	0.23%	0.30%

The total management fee, as a percentage of a fund's average net assets, for the fiscal year ended September 30, 2022, for each fund is shown in the following table. Because each fund's management fee rate may fluctuate, a fund's management fee may be higher or lower in the future.

Fund	Total Management Fee Rate
Fidelity Asset Manager® 20%	0.40%
Fidelity Asset Manager® 30%	0.40%
Fidelity Asset Manager® 40%	0.40%
Fidelity Asset Manager® 50%	0.48%
Fidelity Asset Manager® 60%	0.53%
Fidelity Asset Manager® 70%	0.53%
Fidelity Asset Manager® 85%	0.53%

The Adviser pays FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited for providing sub-advisory services.

The basis for the Board of Trustees approving the management contract and sub-advisory agreements for each fund is available in each fund's annual report for the fiscal period ended September 30, 2022.

Reimbursement or waiver arrangements can decrease expenses and boost performance.

Fund Distribution

Each fund is composed of multiple classes of shares. All classes of a fund have a common investment objective and investment portfolio.

FDC distributes each fund's shares.

These payments are described in more detail in this section and in the SAI.

Distribution and Service Plan(s)

If payments made by the Adviser to FDC or to intermediaries under a Distribution and Service Plan were considered to be paid out of a class's assets on an ongoing basis, they might increase the cost of your investment and might cost you more than paying other types of sales charges.

Appendix

Financial Highlights

Financial Highlights are intended to help you understand the financial history of fund shares for the past 5 years (or, if shorter, the period of operations). Certain information reflects financial results for a single share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in shares (assuming reinvestment of all dividends and distributions). The annual information has been audited by Deloitte & Touche LLP, independent registered public accounting firm, whose report(s), along with fund financial statements, is included in the annual report. Annual reports are available for free upon request.

Fidelity Asset Manager® 20%

Years ended September 30,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	14.76	$	14.02	$	13.54	$	13.42	$	13.57
Income from Investment Operations
Net investment income (loss) A,B		.27		.19		.23		.30		.24
Net realized and unrealized gain (loss)		(1.93)		.82		.61		.37		.12
Total from investment operations		(1.66)		1.01		.84		.67		.36
Distributions from net investment income		(.24)		(.15)		(.23)		(.31)		(.24)
Distributions from net realized gain		(.03)		(.12)		(.13)		(.24)		(.27)
Total distributions		(.27)		(.27)		(.36)		(.55)		(.51)
Net asset value, end of period	$	12.83	$	14.76	$	14.02	$	13.54	$	13.42

Total Return C		(11.41)%		7.24%		6.29%		5.24%		2.68%

Ratios to Average Net Assets D,E,B
Expenses before reductions		.50%		.50%		.51%		.51%		.52%
Expenses net of fee waivers, if any		.50%		.50%		.50%		.51%		.52%
Expenses net of all reductions		.50%		.50%		.50%		.51%		.51%
Net investment income (loss)		1.92%		1.29%		1.66%		2.29%		1.81%
Supplemental Data
Net assets, end of period (000 omitted)	$	3,734,894	$	4,723,410	$	5,377,374	$	4,990,188	$	4,819,671
Portfolio turnover rate F		22%		25%		25%		41%		24%

A Calculated based on average shares outstanding during the period.

B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any such underlying funds is not included in the Fund's net investment income (loss) ratio.

C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Asset Manager® 30%

Years ended September 30,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	12.77	$	11.79	$	11.24	$	11.15	$	11.11
Income from Investment Operations
Net investment income (loss) A,B		.24		.18		.20		.24		.20
Net realized and unrealized gain (loss)		(1.96)		1.04		.69		.27		.21
Total from investment operations		(1.72)		1.22		.89		.51		.41
Distributions from net investment income		(.22)		(.14)		(.20)		(.24)		(.19)
Distributions from net realized gain		(.04)		(.11)		(.14)		(.18)		(.18)
Total distributions		(.26)		(.24) C		(.34)		(.42)		(.37)
Net asset value, end of period	$	10.79	$	12.77	$	11.79	$	11.24	$	11.15

Total Return D		(13.71)%		10.43%		8.05%		4.87%		3.75%

Ratios to Average Net Assets E,F,B
Expenses before reductions		.52%		.52%		.52%		.53%		.53%
Expenses net of fee waivers, if any		.51%		.52%		.52%		.52%		.53%
Expenses net of all reductions		.51%		.52%		.52%		.52%		.53%
Net investment income (loss)		1.97%		1.40%		1.74%		2.21%		1.78%
Supplemental Data
Net assets, end of period (000 omitted)	$	1,625,346	$	2,196,582	$	1,935,863	$	1,661,192	$	1,480,983
Portfolio turnover rate G		23%		18%		23%		34%		18%

A Calculated based on average shares outstanding during the period.

C Total distributions per share do not sum due to rounding.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Asset Manager® 40%

Years ended September 30,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	13.85	$	12.49	$	11.82	$	11.87	$	11.67
Income from Investment Operations
Net investment income (loss) A,B		.26		.19		.21		.24		.20
Net realized and unrealized gain (loss)		(2.32)		1.46		.88		.22		.37
Total from investment operations		(2.06)		1.65		1.09		.46		.57
Distributions from net investment income		(.22)		(.16)		(.21)		(.24)		(.19)
Distributions from net realized gain		(.11)		(.13)		(.21)		(.27)		(.18)
Total distributions		(.33)		(.29)		(.42)		(.51)		(.37)
Net asset value, end of period	$	11.46	$	13.85	$	12.49	$	11.82	$	11.87

Total Return C		(15.21)%		13.38%		9.41%		4.23%		4.95%

Ratios to Average Net Assets D,E,B
Expenses before reductions		.52%		.52%		.52%		.52%		.53%
Expenses net of fee waivers, if any		.52%		.51%		.52%		.52%		.53%
Expenses net of all reductions		.52%		.51%		.52%		.52%		.53%
Net investment income (loss)		2.02%		1.39%		1.73%		2.10%		1.71%
Supplemental Data
Net assets, end of period (000 omitted)	$	1,515,043	$	1,829,755	$	1,911,787	$	1,704,998	$	1,577,393
Portfolio turnover rate F		16%		22%		24%		36%		17%

A Calculated based on average shares outstanding during the period.

C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Asset Manager® 50%

Years ended September 30,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	22.09	$	19.42	$	18.30	$	18.66	$	18.37
Income from Investment Operations
Net investment income (loss) A,B		.40		.27		.30		.33		.29
Net realized and unrealized gain (loss)		(3.99)		2.87		1.58		.21		.80
Total from investment operations		(3.59)		3.14		1.88		.54		1.09
Distributions from net investment income		(.35)		(.23)		(.30)		(.35)		(.26)
Distributions from net realized gain		(.31)		(.24)		(.45)		(.55)		(.53)
Total distributions		(.66)		(.47)		(.76) C		(.90)		(.80) C
Net asset value, end of period	$	17.84	$	22.09	$	19.42	$	18.30	$	18.66

Total Return D		(16.79)%		16.36%		10.51%		3.37%		6.05%

Ratios to Average Net Assets E,F,B
Expenses before reductions		.61%		.61%		.62%		.63%		.63%
Expenses net of fee waivers, if any		.60%		.60%		.62%		.63%		.63%
Expenses net of all reductions		.60%		.60%		.62%		.63%		.63%
Net investment income (loss)		1.93%		1.25%		1.63%		1.88%		1.55%
Supplemental Data
Net assets, end of period (000 omitted)	$	7,094,870	$	9,274,634	$	9,387,915	$	9,026,444	$	9,140,811
Portfolio turnover rate G		20%		17%		24%		37%		15%

A Calculated based on average shares outstanding during the period.

C Total distributions per share do not sum due to rounding.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Asset Manager® 60%

Years ended September 30,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	15.98	$	13.65	$	12.75	$	12.98	$	12.47
Income from Investment Operations
Net investment income (loss) A,B		.28		.18		.19		.21		.18
Net realized and unrealized gain (loss)		(3.10)		2.43		1.25		.06		.70
Total from investment operations		(2.82)		2.61		1.44		.27		.88
Distributions from net investment income		(.22)		(.16)		(.21)		(.18)		(.15)
Distributions from net realized gain		(.19)		(.12)		(.33)		(.32)		(.22)
Total distributions		(.41)		(.28)		(.54)		(.50)		(.37)
Net asset value, end of period	$	12.75	$	15.98	$	13.65	$	12.75	$	12.98

Total Return C		(18.20)%		19.28%		11.50%		2.60%		7.17%

Ratios to Average Net Assets D,E,B
Expenses before reductions		.67%		.67%		.69%		.70%		.70%
Expenses net of fee waivers, if any		.67%		.67%		.68%		.69%		.70%
Expenses net of all reductions		.67%		.67%		.68%		.69%		.70%
Net investment income (loss)		1.87%		1.15%		1.51%		1.71%		1.44%
Supplemental Data
Net assets, end of period (000 omitted)	$	1,935,217	$	2,427,382	$	2,950,010	$	2,727,092	$	2,679,353
Portfolio turnover rate F		23%		19%		29%		39%		18% G

A Calculated based on average shares outstanding during the period.

C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

G The portfolio turnover rate does not include the assets acquired in the merger.

Fidelity Asset Manager® 70%

Years ended September 30,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	28.43	$	23.74	$	22.27	$	23.33	$	22.33
Income from Investment Operations
Net investment income (loss) A,B		.48		.29		.32		.34		.30
Net realized and unrealized gain (loss)		(5.70)		4.97		2.33		(.17)		1.58
Total from investment operations		(5.22)		5.26		2.65		.17		1.88
Distributions from net investment income		(.39)		(.26)		(.35)		(.31)		(.26)
Distributions from net realized gain		(.40)		(.32)		(.83)		(.91)		(.62)
Total distributions		(.79)		(.57) C		(1.18)		(1.23) C		(.88)
Net asset value, end of period	$	22.42	$	28.43	$	23.74	$	22.27	$	23.33

Total Return D		(18.98)%		22.39%		12.14%		1.51%		8.57%

Ratios to Average Net Assets E,F,B
Expenses before reductions		.67%		.66%		.68%		.69%		.69%
Expenses net of fee waivers, if any		.66%		.66%		.68%		.69%		.69%
Expenses net of all reductions		.66%		.66%		.68%		.69%		.69%
Net investment income (loss)		1.79%		1.06%		1.42%		1.56%		1.30%
Supplemental Data
Net assets, end of period (000 omitted)	$	3,518,486	$	4,523,497	$	5,203,794	$	4,893,270	$	5,088,118
Portfolio turnover rate G		23%		20%		27%		41%		21%

A Calculated based on average shares outstanding during the period.

C Total distributions per share do not sum due to rounding.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Asset Manager® 85%

Years ended September 30,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	26.10	$	20.96	$	19.50	$	20.56	$	19.20
Income from Investment Operations
Net investment income (loss) A,B		.37		.23		.25		.26		.22
Net realized and unrealized gain (loss)		(5.58)		5.38		2.32		(.38)		1.78
Total from investment operations		(5.21)		5.61		2.57		(.12)		2.00
Distributions from net investment income		(.30)		(.19)		(.27)		(.23)		(.19)
Distributions from net realized gain		(.54)		(.28)		(.84)		(.72)		(.45)
Total distributions		(.84)		(.47)		(1.11)		(.94) C		(.64)
Net asset value, end of period	$	20.05	$	26.10	$	20.96	$	19.50	$	20.56

Total Return D		(20.76)%		27.00%		13.44%		.21%		10.62%

Ratios to Average Net Assets E,F,B
Expenses before reductions		.69%		.68%		.69%		.71%		.71%
Expenses net of fee waivers, if any		.68%		.68%		.69%		.71%		.71%
Expenses net of all reductions		.68%		.68%		.69%		.71%		.71%
Net investment income (loss)		1.53%		.94%		1.28%		1.36%		1.11%
Supplemental Data
Net assets, end of period (000 omitted)	$	1,697,192	$	2,185,948	$	2,520,790	$	2,278,919	$	2,377,705
Portfolio turnover rate G		27%		18%		41%		47%		24%

A Calculated based on average shares outstanding during the period.

C Total distributions per share do not sum due to rounding.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Additional Index Information

Bloomberg U.S. Aggregate Bond Index is a broad-based, flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-back securities (agency fixed-rate pass-throughs), asset-backed securities and collateralised mortgage-backed securities (agency and non-agency).

Fidelity Asset Manager 20% Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index SM - 12%; Bloomberg U.S. Aggregate Bond Index - 50%; MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 8%; and Bloomberg U.S. 3-Month Treasury Bellwether Index - 30%. The composition differed in periods prior to June 1, 2022.

Fidelity Asset Manager 30% Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index SM - 18%; Bloomberg U.S. Aggregate Bond Index - 50%; MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 12%; and Bloomberg U.S. 3-Month Treasury Bellwether Index - 20%. The composition differed in periods prior to June 1, 2022.

Fidelity Asset Manager 40% Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index SM - 24%; Bloomberg U.S. Aggregate Bond Index - 45%; MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 16%; and Bloomberg U.S. 3-Month Treasury Bellwether Index - 15%. The composition differed in periods prior to June 1, 2022.

Fidelity Asset Manager 50% Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index SM - 30%; Bloomberg U.S. Aggregate Bond Index - 40%; MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 20%; and Bloomberg U.S. 3-Month Treasury Bellwether Index - 10%. The composition differed in periods prior to June 1, 2022.

Fidelity Asset Manager 60% Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index SM - 36%; Bloomberg U.S. Aggregate Bond Index - 35%; MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 24%; and Bloomberg U.S. 3-Month Treasury Bellwether Index - 5%. The composition differed in periods prior to June 1, 2022.

Fidelity Asset Manager 70% Composite Index SM is a customized blend of unmanaged indices, weighted as follows: MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 28%; Dow Jones U.S. Total Stock Market Index SM - 42%; Bloomberg U.S. Aggregate Bond Index - 25%; and Bloomberg U.S. 3-Month Treasury Bellwether Index - 5%. The composition differed in periods prior to June 1, 2022.

Fidelity Asset Manager 85% Composite Index SM is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index SM - 51%; Bloomberg U.S. Aggregate Bond Index - 15%; and MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 34%. The composition differed in periods prior to June 1, 2022.

S&P 500 ® Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT

For a free copy of any of these documents or to request other information or ask questions about a fund, call Fidelity at 1-800-544-8544. In addition, you may visit Fidelity's web site at www.fidelity.com for a free copy of a prospectus, SAI, or annual or semi-annual report or to request other information.

Investment Company Act of 1940, File Number(s), 811-03221

1.878275.114

AR-PRO-1122

1 year	$	38
3 years	$	119
5 years	$	208
10 years	$	468

Portfolio Turnover

Principal Investment Strategies

The fund is designed to assist investors in saving for future eligible medical expenses. Because the time horizon of such expenses is inherently uncertain, the fund pursues an asset allocation strategy that is designed to balance growth and downside market protection through different market environments.

Investing primarily in a combination of both actively and passively managed Fidelity bond and equity funds and affiliated and unaffiliated exchange-traded funds (collectively, underlying funds).
Investing approximately 30% of the fund's assets in underlying equity funds and 70% of the fund's assets in underlying bond funds. The Adviser may vary the fund's exposure to the underlying funds within the following ranges: 20-40% of the fund's assets in underlying equity funds and 60-80% of the fund's assets in underlying bond funds.
Allocating the fund's assets among bond funds (including domestic, international and emerging markets, U.S. inflation-protected debt, and U.S. long-term treasuries) and equity funds (including domestic, international, and emerging markets equities) to manage the fund's risk across asset classes over time. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
Investing up to 25% of assets in underlying high income (including funds that invest in high yield debt securities (also referred to as junk bonds)), leveraged loan, country specific equity, real estate equity and commodities funds.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.

Principal Investment Risks

Asset Allocation Risk.

The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives.

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Foreign Currency Transactions.

Although a forward foreign currency exchange contract is used to reduce or hedge a fund's exposure to changes in the value of the currency, suitable hedging transactions may not be available in all circumstances, may not be successful, and may eliminate any chance for the fund to benefit from favorable fluctuations in relevant foreign currencies.

Industry Exposure.

Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

Passive Management Risk.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Investing in Exchange Traded Funds (ETFs).

ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark.

Inflation-Protected Debt Exposure.

Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.

Commodity-Linked Investing.

The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures.

Commodity Futures.

Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject the underlying fund to losses or prevent it from entering into desired trades during the particular trading day.

Performance

The following information is intended to help you understand the risks of investing in the fund.

The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index and two hypothetical composites of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the "Additional Index Information" section of the prospectus. Past performance is not an indication of future performance.

Visit www.401k.com and log in for more recent performance information.

Year-by-Year Returns

										2021
										5.48 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	4.00 %	June 30, 2021
Lowest Quarter Return	- 1.02 %	March 31, 2021
Year-to-Date Return	- 17.74 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Life of class A
Class K	5.48 %	9.17 %
Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	- 1.54 %	1.02 %
Fidelity Health Savings Composite Index℠ (reflects no deduction for fees or expenses)	4.99 %	7.90 %
Fidelity Health Savings Extended Composite Index℠ (reflects no deduction for fees or expenses)	4.58 %	7.73 %

A From March 2, 2020

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2020.

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2020.

Purchase and Sale of Shares

Shares are available only to certain Fidelity ® health savings accounts that are made available through employers.

You may buy or sell shares in various ways:

Internet

www.401k.com

Phone

For Individual Accounts (investing through an employer), contact that institution directly.

For Health Savings Accounts:

Corporate Clients 1-800-962-1375

"Not for Profit" Clients 1-800-343-0860

Mail

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

Overnight Express:

Fidelity Investments

100 Crosby Parkway

Covington, KY 41015

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Basics

Investment Details

Investment Objective

Fidelity® Health Savings Fund seeks total return.

Principal Investment Strategies

The Adviser invests the fund's assets primarily in a combination of both actively and passively managed Fidelity ® bond and equity funds and affiliated and unaffiliated exchange-traded funds (collectively, underlying funds).

The Adviser invests approximately 30% of the fund's assets in underlying equity funds and 70% of the fund's assets in underlying bond funds. The Adviser regularly reviews the fund's allocation and may make changes to favor investments that it believes will provide the most favorable outlook for achieving the fund's objective. The Adviser may vary the fund's exposure to underlying funds within the following ranges: 20-40% of the fund's assets in underlying equity funds and 60-80% of the fund's assets in underlying bond funds.

The Adviser intends to allocate the fund's assets among bond funds (including domestic, international and emerging markets, U.S. inflation-protected debt, and U.S. long-term treasuries) and equity funds (including domestic, international, and emerging markets equities) to manage the fund's risk across asset classes over time. The Adviser will seek to manage the fund's assets so that lower volatility asset classes will generally have higher allocations than higher volatility asset classes. Volatility is a statistical measurement of the magnitude of up and down fluctuations in the value of a financial instrument or index over time. While attempts are made to manage the fund's risk across the asset classes over time, there can be no guarantee that the fund will be successful in managing risk. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the world's major economies and may have the potential for rapid economic growth.

The Adviser may also invest up to 25% of the fund's assets in underlying high income (including funds that invest in high yield debt securities (also referred to as junk bonds)), leveraged loan, country specific equity, real estate equity and commodities funds.

The Adviser intends to manage underlying fund allocations to achieve portfolio characteristics similar to that of the Fidelity Health Savings Extended Composite Index SM over the long-term. Fidelity Health Savings Extended Composite Index SM is a hypothetical representation of the performance of the asset classes in which the fund intends to invest, based on a combination of the following unmanaged indexes: Dow Jones U.S. Total Stock Market Index SM ; MSCI World ex USA Index (net MA); MSCI Emerging Markets Index (net MA); Bloomberg U.S. Aggregate Bond Index; Bloomberg U.S. Treasury Inflation- Protected Securities (TIPS) 1-10 Year Index; Bloomberg U.S. Long Treasury Bond Index; Bloomberg Global Aggregate ex-USD Float Adjusted RIC Diversified Index (Hedged USD), and J.P. Morgan Emerging Markets Bond Index Global.

The Adviser uses Central funds to help invest the fund's assets consistent with the asset classes discussed above. Central funds are specialized investment vehicles designed to be used by Fidelity ® funds. Fidelity uses them to invest in particular security types or investment disciplines; for example, rather than buy bonds directly. Central funds advised by Fidelity do not pay management fees.

The Adviser may buy and sell futures contracts (both long and short positions) in the fund in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation. Depending on how they are used, these instruments may effectively increase or decrease the fund's allocation in one or more asset classes.

For current information on fund holdings, please call 1-800-835-5092 or visit Fidelity's web site at www.401k.com. For information on the underlying funds, see the underlying funds' prospectuses. A copy of any underlying Fidelity ® fund's prospectus is available at www.fidelity. com or institutional.fidelity.com. For a copy of any other underlying fund's prospectus, visit the web site of the company that manages or sponsors that underlying fund.

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Description of Principal Security Types

In addition to investing in underlying funds, the fund may invest directly in the following principal security types:

Principal Investment Risks

Many factors affect the fund's performance. Developments that disrupt global economies and financial markets, such as pandemics and epidemics, may magnify factors that affect a fund's performance. The fund's share price changes daily based on the performance of the underlying funds in which it invests. The ability of the fund to meet its investment objective is directly related to its asset allocation among underlying funds and the ability of those funds to meet their investment objectives. If the Adviser's asset allocation strategy does not work as intended, the fund may not achieve its objective. There is no guarantee that any single fund will meet your future medical expenses. The fund's share price fluctuates, which means that you could lose money by investing in a fund.

T he following factors can significantly affect the fund's performance:

Asset Allocation Risk. The fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.

Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds. The fund does not control the investments of the underlying funds, which may have different investment objectives and may engage in investment strategies that the fund would not engage in directly. Aggregation of underlying fund holdings may result in indirect concentration of assets in a particular industry or group of industries, or in a single issuer, which may increase volatility.

Stock Market Volatility . The value of equity securities fluctuates in response to issuer, political, market, and economic developments. Fluctuations, especially in foreign markets, can be dramatic over the short as well as long term, and different parts of the market, including different market sectors, and different types of equity securities can react differently to these developments. For example, stocks of companies in one sector can react differently from those in another, large cap stocks can react differently from small cap stocks, "growth" stocks can react differently from "value" stocks, and stocks selected using quantitative or technical analysis can react differently than stocks selected using fundamental analysis. Issuer, political, or economic developments can affect a single issuer, issuers within an industry or economic sector or geographic region, or the market as a whole. Changes in the financial condition of a single issuer can impact the market as a whole. Terrorism and related geo-political risks have led, and may in the future lead, to increased short-term market volatility and may have adverse long-term effects on world economies and markets generally.

Floating Rate Loans. The value of the collateral securing a floating rate loan can decline, be insufficient to meet the obligations of the borrower, or be difficult to liquidate. As a result, a floating rate loan may not be fully collateralized and can decline significantly in value. Floating rate loans generally are subject to legal or contractual restrictions on resale. The liquidity of floating rate loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual floating rate loans. For example, if the credit quality of a floating rate loan unexpectedly declines significantly, secondary market trading in that floating rate loan can also decline for a period of time. During periods of infrequent trading, valuing a floating rate loan can be more difficult, and buying and selling a floating rate loan at an acceptable price can be more difficult and delayed, including extended trade settlement periods. Difficulty in selling a floating rate loan can result in a loss.

Interest Rate Changes. Debt securities, including money market securities, have varying levels of sensitivity to changes in interest rates. In general, the price of a debt security can fall when interest rates rise and can rise when interest rates fall. Securities with longer maturities and certain types of securities, such as mortgage securities and the securities of issuers in the financial services sector, can be more sensitive to interest rate changes, meaning the longer the maturity of a security, the greater the impact a change in interest rates could have on the security's price. Short- term and long- term interest rates do not necessarily move in the same amount or the same direction. Short- term securities tend to react to changes in short- term interest rates, and long- term securities tend to react to changes in long- term interest rates. Securities with floating interest rates can be less sensitive to interest rate changes, but may decline in value if their interest rates do not rise as much as interest rates in general. Securities whose payment at maturity is based on the movement of all or part of an index and inflation- protected debt securities may react differently from other types of debt securities. Some countries experience low or negative interest rates from time to time, which may magnify interest rate risk for the market as a whole and for a fund. In market environments where interest rates are rising, issuers may be less willing or able to make principal and/or interest payments on securities when due. The discontinuation and replacement of London Interbank Offered Rate (LIBOR) (an indicative measure of the average interest rate at which major global banks could borrow from one another) and other benchmark rates may have a significant impact on the financial markets and may adversely impact a fund's performance.

Foreign Exposure. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations, and securities for which an entity located in a foreign country provides credit support or a maturity-shortening structure can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign exchange rates; withholding or other taxes; trading, settlement, custodial, and other operational risks; and the less stringent investor protection and disclosure standards of some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market.

Currency Exposure. Because an underlying fund is normally heavily exposed to foreign currencies, it could experience losses based solely on the weakness of foreign currencies versus the U.S. dollar and changes in the exchange rates between foreign currencies and the U.S. dollar. Currency risk may be particularly high to the extent that a fund invests in foreign currencies or engages in foreign currency transactions that are economically tied to emerging markets countries. These emerging markets currency transactions may present market, credit, currency, liquidity, legal, political and other risks different from, or greater than, the risks of investing in developed foreign currencies or engaging in foreign currency transactions that are economically tied to developed foreign countries.

Industry Exposure. Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or a group of related industries, and the securities of companies in that industry or group of industries could react similarly to these or other developments. In addition, from time to time, a small number of companies may represent a large portion of a single industry or a group of related industries as a whole, and these companies can be sensitive to adverse economic, regulatory, or financial developments.

The commodities industries can be significantly affected by the level and volatility of commodity prices; the rate of commodity consumption; world events including international monetary and political developments; import controls, export controls, and worldwide competition; exploration and production spending; and tax and other government regulations and economic conditions.

The real estate industry is particularly sensitive to economic downturns. The value of securities of issuers in the real estate industry, including real estate investment trusts (REITs), can be affected by changes in real estate values and rental income, property taxes, interest rates, tax and regulatory requirements, and the management skill and creditworthiness of the issuer. In addition, the value of REITs can depend on the structure of and cash flow generated by the REIT, and REITs may not have diversified holdings. Because REITs are pooled investment vehicles that have expenses of their own, the fund will indirectly bear its proportionate share of those expenses.

Subsidiary Risk . An underlying fund may invest a portion of its assets in a wholly-owned subsidiary (the Subsidiary). The investments held by the Subsidiary are generally similar to those that are permitted to be held by the underlying fund that invests in it and, therefore, the Subsidiary is subject to risks similar to those of such fund, including the risks associated with investing in derivatives and commodity-linked investing in general. Because the Subsidiary is organized under Cayman Islands law and is not registered under the Investment Company Act of 1940 (1940 Act), the Subsidiary is not subject to the investor protections of the 1940 Act. Changes in U.S. or Cayman Islands laws could result in the inability of such fund and/or the Subsidiary to operate as described in this prospectus.

Prepayment. Many types of debt securities, including mortgage securities, inflation-protected debt securities, and floating rate loans, are subject to prepayment risk. Prepayment risk occurs when the issuer of a security can repay principal prior to the security's maturity. Securities subject to prepayment can offer less potential for gains during a declining interest rate environment or when the credit quality of an issuer improves and similar or greater potential for loss in a rising interest rate environment. In addition, the potential impact of prepayment features on the price of a debt security can be difficult to predict and result in greater volatility.

Issuer-Specific Changes. Changes in the financial condition of an issuer or counterparty, changes in specific economic or political conditions that affect a particular type of security or issuer, and changes in general economic or political conditions can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's credit quality or value and an issuer's or counterparty's ability to pay interest and principal when due. Entities providing credit support or a maturity-shortening structure also can be affected by these types of changes, and if the structure of a security fails to function as intended, the security could decline in value. The value of securities of smaller and medium size, less well-known issuers can be more volatile than that of larger issuers. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), including floating rate loans, and certain types of other securities tend to be particularly sensitive to these changes.

Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities often fluctuates in response to company, political, or economic developments and can decline significantly over short as well as long periods of time or during periods of general or regional economic difficulty. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) can be thinly traded or have restrictions on resale, making them difficult to sell at an acceptable price, and often are considered to be speculative. The default rate for lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) is likely to be higher during economic recessions or periods of high interest rates.

Covenant-lite obligations, which contain fewer financial covenants than other obligations, carry more risk than traditional loans as they allow issuers to engage in activities that would otherwise be difficult or impossible under a traditional loan agreement. In the event of default, covenant-lite obligations have lower recovery values as the lender may not have the opportunity to negotiate with the borrower prior to default.

Passive Management Risk. Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. The structure and composition of an underlying index fund's index will affect the performance, volatility, and risk of the index and, consequently, the performance, volatility, and risk of the fund. An underlying index fund may be concentrated to approximately the same extent that its index concentrates in the securities of issuers in a particular industry or group of industries.

Investing in ETFs. ETFs may trade in the secondary market ( e.g. , on a stock exchange) at prices below the value of their underlying portfolios and may not be liquid. An ETF that is not actively managed cannot sell poorly performing stocks or other assets as long as they are represented in its index or other benchmark. ETFs that track an index are subject to tracking error risk (the risk of errors in matching the ETF's underlying assets to its index or other benchmark).

Inflation-Protected Debt Exposure. Inflation-protected debt securities tend to react to changes in real interest rates. Real interest rates represent nominal (stated) interest rates reduced by the expected impact of inflation. In general, the price of an inflation-protected debt security can fall when real interest rates rise, and can rise when real interest rates fall. Interest payments on inflation-protected debt securities can be unpredictable and will vary as the principal and/or interest is adjusted for inflation.

Commodity Futures. Investments in commodity futures contracts are also subject to the risk of the failure of any of the exchanges on which an underlying fund's positions trade or of its clearinghouses or counterparties. In addition, certain commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Under such daily limits, during a single trading day no trades may be executed at prices beyond the daily limit. Once the price of a particular commodity futures contract has increased or decreased by an amount equal to the daily limit, positions in that contract can neither be taken nor liquidated unless traders are willing to effect trades at or within the limit. If triggered, these limits could prevent the underlying fund from liquidating unfavorable positions and subject an underlying fund to losses or prevent it from entering into desired trades during the particular trading day. A commodity futures contract could also move to the daily limit for several consecutive trading days with little or no trading, thereby further prolonging the liquidation of positions and subjecting some holders of such futures contracts to additional losses. In extraordinary circumstances, a futures exchange or the applicable regulator could suspend trading in a particular futures contract, or order liquidation or settlement of all open positions in such contract.

Valuing Shares

The fund is open for business each day the NYSE is open.

The NAV is the value of a single share. Fidelity normally calculates NAV as of the close of business of the NYSE, normally 4:00 p.m. Eastern time. The fund's assets normally are valued as of this time for the purpose of computing NAV. Fidelity calculates NAV separately for each class of shares of a multiple class fund.

NAV is not calculated and the fund will not process purchase and redemption requests submitted on days when the fund is not open for business. The time at which shares are priced and until which purchase and redemption orders are accepted may be changed as permitted by the Securities and Exchange Commission (SEC).

NAV is calculated using the values of the underlying Fidelity ® funds in which the fund invests. Shares of underlying Fidelity ® funds (other than ETFs) are valued at their respective NAVs. For an explanation of the circumstances under which the underlying Fidelity ® funds will use fair value pricing and the effects of using fair value pricing, see the underlying Fidelity ® funds' prospectuses and Statements of Additional Information (SAIs). Other assets (including securities issued by ETFs) are valued primarily on the basis of market quotations, official closing prices, or information furnished by a pricing service.

To the extent that the fund's assets are traded in other markets on days when the fund is not open for business, the value of the fund's assets may be affected on those days. In addition, trading in some of the fund's assets may not occur on days when the fund is open for business.

Shareholder Information

Additional Information about the Purchase and Sale of Shares

As used in this prospectus, the term "shares" generally refers to the shares offered through this prospectus.

General Information

Certain methods of contacting Fidelity may be unavailable or delayed (for example, during periods of unusual market activity). In addition, the level and type of service available may be restricted.

Frequent Purchases and Redemptions

The fund may reject for any reason, or cancel as permitted or required by law, any purchase or exchange, including transactions deemed to represent excessive trading, at any time.

Excessive trading of fund shares can harm shareholders in various ways, including reducing the returns to long-term shareholders by increasing costs to the fund (such as brokerage commissions or spreads paid to dealers who sell money market instruments), disrupting portfolio management strategies, and diluting the value of the shares in cases in which fluctuations in markets are not fully priced into the fund's NAV.

The fund reserves the right at any time to restrict purchases or exchanges or impose conditions that are more restrictive on excessive trading than those stated in this prospectus.

Excessive Trading Policy

Exceptions

Fidelity may choose not to monitor transactions below certain dollar value thresholds.

Omnibus Accounts

If you purchase or sell fund shares through a financial intermediary, you may wish to contact the intermediary to determine the policies applicable to your account.

Retirement Plans

Other Information about the Excessive Trading Policy

The fund's Treasurer is authorized to suspend the fund's policies during periods of severe market turbulence or national emergency. The fund reserves the right to modify its policies at any time without prior notice.

The fund does not knowingly accommodate frequent purchases and redemptions of fund shares by investors, except to the extent permitted by the policies described above.

As described in "Valuing Shares," the fund also uses fair value pricing to help reduce arbitrage opportunities available to short-term traders. There is no assurance that the fund's excessive trading policy will be effective, or will successfully detect or deter excessive or disruptive trading.

Buying Shares

Eligibility

Shares are generally available only to investors residing in the United States.

Shares are available only to certain Fidelity ® health savings accounts (HSAs) that are made available through employers. Please contact Fidelity for more information about Class K shares.

Investors eligible to purchase Class K shares may also be eligible to purchase Fidelity® Health Savings Fund shares, a class of shares of the fund that is not offered through this prospectus. However, investors may purchase only the classes of shares that are eligible for sale and available through the Fidelity ® HSAs that are made available through employers. Each class has different expenses and features, as described in its prospectus. Fidelity® Health Savings Fund shares have higher expenses than Class K shares.

There is no minimum balance or purchase minimum for fund shares.

Price to Buy

The price to buy one share is its NAV. Shares are sold without a sales charge.

Shares will be bought at the NAV next calculated after an order is received in proper form.

Provided the fund receives an order to buy shares in proper form before the close of business, the fund may place an order to buy shares of an underlying Fidelity ® fund after the close of business, pursuant to a pre-determined allocation, and receive that day's NAV.

The fund may stop offering shares completely or may offer shares only on a limited basis, for a period of time or permanently.

Under applicable anti-money laundering rules and other regulations, purchase orders may be suspended, restricted, or canceled and the monies may be withheld.

Selling Shares

The price to sell one share is its NAV.

Shares will be sold at the NAV next calculated after an order is received in proper form.

Normally, redemptions will be processed by the next business day, but it may take up to seven days to pay the redemption proceeds if making immediate payment would adversely affect the fund.

Provided the fund receives an order to sell shares in proper form before the close of business, the fund may place an order to sell shares of an underlying Fidelity ® fund after the close of business, pursuant to a pre-determined allocation, and receive that day's NAV.

See "Policies Concerning the Redemption of Fund Shares" below for additional redemption information.

When you wish to sell more than $100,000 worth of shares.
When the address on your account (record address) has changed within the last 15 days or you are requesting that a check be mailed to an address different than the record address.
When you are requesting that redemption proceeds be paid to someone other than the account owner.
In certain situations when the redemption proceeds are being transferred to a Fidelity® brokerage or mutual fund account with a different registration.

When you place an order to sell shares, note the following:

Redemption proceeds (other than exchanges) may be delayed until money from prior purchases sufficient to cover your redemption has been received and collected.

Redemptions may be suspended or payment dates postponed when the NYSE is closed (other than weekends or holidays), when trading on the NYSE is restricted, or as permitted by the SEC.
Redemption proceeds may be paid in securities or other property rather than in cash if the Adviser determines it is in the best interests of the fund.

You will not receive interest on amounts represented by uncashed redemption checks.

Under applicable anti-money laundering rules and other regulations, redemption requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

Policies Concerning the Redemption of Fund Shares

Exchanging Shares

An exchange involves the redemption of all or a portion of the shares of one fund and the purchase of shares of another fund.

Shares may be exchanged into shares of any class of a Fidelity ® fund available through certain Fidelity ® HSAs that are made available through employers.

However, you should note the following policies and restrictions governing exchanges:

The fund may refuse any exchange purchase for any reason. For example, the fund may refuse exchange purchases by any person or group if, in the Adviser's judgment, the fund would be unable to invest the money effectively in accordance with its investment objective and policies, or would otherwise potentially be adversely affected.
Before any exchange, read the prospectus for the shares you are purchasing, including any purchase and sale requirements.
The shares you are acquiring by exchange must be available for sale in your state.
If you are exchanging between accounts that are not registered in the same name, address, and taxpayer identification number (TIN), there may be additional requirements.
Under applicable anti-money laundering rules and other regulations, exchange requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

The fund may terminate or modify exchange privileges in the future.

Other funds may have different exchange restrictions and minimums. Check each fund's prospectus for details.

Account Policies

The following apply to you as a shareholder.

Statements that Fidelity sends to you, if applicable, include the following:

Confirmation statements (after transactions affecting your fund balance except reinvestment of distributions in the fund).
Monthly or quarterly account statements (detailing fund balances and all transactions completed during the prior month or quarter).

You may be asked to provide additional information in order for Fidelity to verify your identity in accordance with requirements under anti-money laundering regulations. Accounts may be restricted and/or closed, and the monies withheld, pending verification of this information or as otherwise required under these and other federal regulations. In addition, the fund reserves the right to involuntarily redeem an account in the case of: (i) actual or suspected threatening conduct or actual or suspected fraudulent, illegal or suspicious activity by the account owner or any other individual associated with the account; or (ii) the failure of the account owner to provide information to the fund related to opening the accounts. Your shares will be sold at the NAV, minus any applicable shareholder fees, calculated on the day Fidelity closes your fund position.

Fidelity may charge a fee for certain services, such as providing historical account documents.

Dividends and Capital Gain Distributions

The fund earns interest, dividends, and other income from its investments, and distributes this income (less expenses) to shareholders as dividends. The fund also realizes capital gains from its investments, and distributes these gains (less any losses) to shareholders as capital gain distributions.

The fund normally declares dividends and pays capital gain distributions per the tables below:

Fund Name	Dividends Paid
Fidelity® Health Savings Fund	February, March, April, May, June, July, August, September, October, November, December

Fund Name	Capital Gains Paid
Fidelity® Health Savings Fund	December

Any dividends and capital gain distributions paid to Fidelity ® HSA investors will be automatically reinvested unless you elect otherwise.

Tax Consequences

Taxes on Distributions

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Taxes on Transactions

Fund Services

Fund Management

The fund is a mutual fund, an investment that pools shareholders' money and invests it toward a specified goal.

Adviser

FMR. The Adviser is the fund's manager. The address of the Adviser is 245 Summer Street, Boston, Massachusetts 02210.

As the manager, the Adviser has overall responsibility for directing the fund's investments and handling its business affairs.

Sub-Adviser(s)

FMR Investment Management (UK) Limited (FMR UK) , at 1 St. Martin's Le Grand, London, EC1A 4AS, United Kingdom, serves as a sub-adviser for the fund. As of December 31, 2021, FMR UK had approximately $30.9 billion in discretionary assets under management. FMR UK is an affiliate of the Adviser.

FMR UK may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for the fund.

Fidelity Management & Research (Hong Kong) Limited (FMR H.K.) , at Floor 19, 41 Connaught Road Central, Hong Kong, serves as a sub-adviser for the fund. As of December 31, 2021, FMR H.K. had approximately $19.0 billion in discretionary assets under management. FMR H.K. is an affiliate of the Adviser.

FMR H.K. may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for the fund.

Fidelity Management & Research (Japan) Limited (FMR Japan) , at Kamiyacho Prime Place, 1-17, Toranomon-4-Chome, Minato-ku, Tokyo, Japan, serves as a sub-adviser for the fund. As of March 31, 2022, FMR Japan had approximately $6.9 billion in discretionary assets under management. FMR Japan is an affiliate of the Adviser.

FMR Japan may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for the fund.

Portfolio Manager(s)

Avishek Hazrachoudhury is Co-Portfolio Manager of the fund, which he has managed since 2020. He also manages other funds. Since joining Fidelity Investments in 2013, Mr. Hazrachoudhury has worked as a quantitative analyst and portfolio manager.

Geoff Stein is Co-Portfolio Manager of the fund, which he has managed since 2020. He also manages other funds. Since joining Fidelity Investments in 1994, Mr. Stein has worked as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers LLC, and portfolio manager.

The SAI provides additional information about the compensation of, any other accounts managed by, and any fund shares held by the portfolio manager(s).

Advisory Fee(s)

Each class of the fund pays an all-inclusive management fee to the Advisor.

A different all-inclusive management fee rate is applicable to each class of the fund. The difference between classes is the result of separate arrangements for class level services and/or waivers of certain expenses. It is not the result of any difference in advisory or custodial fees or other expenses related to the management of a fund's assets, which do not vary by class.

The all-inclusive management fee is calculated and paid to the Adviser each month. Out of each class's all-inclusive management fee, the Adviser or an affiliate pays all expenses of managing and operating the fund, with limited exceptions.

The annual management fee rate, as a percentage of the fund's average net assets, is shown in the following table:

Fund	Class K
Fidelity® Health Savings Fund	0.35%

The Adviser pays FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited for providing sub-advisory services.

The basis for the Board of Trustees approving the management contract and sub-advisory agreements for the fund is available in the fund's annual report for the fiscal period ended September 30, 2022.

Reimbursement or waiver arrangements can decrease expenses and boost performance.

Fund Distribution

The fund is composed of multiple classes of shares. All classes of the fund have a common investment objective and investment portfolio.

FDC distributes Class K shares.

These payments are described in more detail in this section and in the SAI.

Distribution and Service Plan(s)

Class K of the fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act that recognizes that the Adviser may use its management fee revenues, as well as its past profits or its resources from any other source, to pay FDC for expenses incurred in connection with providing services intended to result in the sale of Class K shares and/or shareholder support services. The Adviser, directly or through FDC, may pay significant amounts to intermediaries that provide those services. Currently, the Board of Trustees of the fund has authorized such payments for Class K.

If payments made by the Adviser to FDC or to intermediaries under the Distribution and Service Plan were considered to be paid out of the class's assets on an ongoing basis, they might increase the cost of your investment and might cost you more than paying other types of sales charges.

No dealer, sales representative, or any other person has been authorized to give any information or to make any representations, other than those contained in this prospectus and in the related SAI, in connection with the offer contained in this prospectus. If given or made, such other information or representations must not be relied upon as having been authorized by the fund or FDC. This prospectus and the related SAI do not constitute an offer by the fund or by FDC to sell shares of the fund to, or to buy shares of the fund from, any person to whom it is unlawful to make such offer.

Appendix

Financial Highlights

Financial Highlights are intended to help you understand the financial history of fund shares for the past 5 years (or, if shorter, the period of operations). Certain information reflects financial results for a single share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in shares (assuming reinvestment of all dividends and distributions). The annual information has been audited by Deloitte & Touche LLP, independent registered public accounting firm, whose report(s), along with fund financial statements, is included in the annual report. Annual reports are available for free upon request.

Fidelity® Health Savings Fund Class K

Years ended September 30,		2022		2021		2020 A
Selected Per-Share Data
Net asset value, beginning of period	$	11.21	$	10.48	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.29		.18		.09
Net realized and unrealized gain (loss)		(2.02)		.75		.45
Total from investment operations		(1.73)		.93		.54
Distributions from net investment income		(.27)		(.12)		(.06)
Distributions from net realized gain		(.07)		(.08)		-
Total distributions		(.33) D		(.20)		(.06)
Net asset value, end of period	$	9.15	$	11.21	$	10.48

Total Return E,F		(15.88)%		8.92%		5.45%

Ratios to Average Net Assets G,H,C
Expenses before reductions		.35%		.35%		.35% I
Expenses net of fee waivers, if any		.35%		.35%		.35% I
Expenses net of all reductions		.35%		.35%		.35% I
Net investment income (loss)		2.76%		1.58%		1.46% I
Supplemental Data
Net assets, end of period (000 omitted)	$	22,284	$	16,827	$	3,308
Portfolio turnover rate J		29%		31%		43% I

A For the period March 2, 2020 (commencement of operations) through September 30, 2020

B Calculated based on average shares outstanding during the period.

D Total distributions per share do not sum due to rounding.

E Total returns for periods of less than one year are not annualized.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

I Annualized.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Additional Index Information

Fidelity Health Savings Composite Index ℠ is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index ℠ - 21%; Bloomberg U.S. Aggregate Bond Index - 50%; MSCI ACWI (All Country World Index) ex USA Index (Net MA) - 9%; and Bloomberg U.S. 3-Month Treasury Bellwether Index - 20%.

Fidelity Health Savings Extended Composite Index ℠ is a customized blend of unmanaged indices, weighted as follows: Dow Jones U.S. Total Stock Market Index ℠ - 18%; MSCI World ex USA Index (Net MA) - 7.5%; MSCI Emerging Markets Index (Net MA) - 2.5%; Bloomberg U.S. Aggregate Bond Index - 23%; Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 1-10 Year Index - 11%; Bloomberg U.S. Long Treasury Bond Index - 8%; Bloomberg Global Aggregate ex-USD Float Adjusted RIC Diversified Index (Hedged USD) - 21%; and J.P. Morgan Emerging Markets Bond Index Global - 9%.

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT

You can obtain additional information about the fund. A description of the fund's policies and procedures for disclosing its holdings is available in its Statement of Additional Information (SAI) and on Fidelity's web sites. The SAI also includes more detailed information about the fund and its investments. The SAI is incorporated herein by reference (legally forms a part of the prospectus). The fund's annual and semi-annual reports also include additional information. The fund's annual report includes a discussion of the fund's holdings and recent market conditions and the fund's investment strategies that affected performance.

For a free copy of any of these documents or to request other information or ask questions about the fund, call Fidelity at 1-800-835-5092. In addition, existing investors may visit the web site at www.401k.com for a free copy of a prospectus, SAI, or annual or semi-annual report or to request other information.

The SAI, the fund's annual and semi-annual reports and other related materials are available from the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) Database on the SEC's web site (http://www.sec.gov). You can obtain copies of this information, after paying a duplicating fee, by sending a request by e-mail to publicinfo@sec.gov or by writing the Public Reference Section of the SEC, Washington, D.C. 20549-1520. You can also review and copy information about the fund, including the fund's SAI, at the SEC's Public Reference Room in Washington, D.C. Call 1-202-551-8090 for information on the operation of the SEC's Public Reference Room.

Investment Company Act of 1940, File Number(s), 811-03221

1.9897533.103

HSF-K-PRO-1122

1 year	$	48
3 years	$	151
5 years	$	263
10 years	$	591

Portfolio Turnover

Principal Investment Strategies

Investing primarily in a combination of both actively and passively managed Fidelity bond and equity funds and affiliated and unaffiliated exchange-traded funds (collectively, underlying funds).
Investing approximately 30% of the fund's assets in underlying equity funds and 70% of the fund's assets in underlying bond funds. The Adviser may vary the fund's exposure to the underlying funds within the following ranges: 20-40% of the fund's assets in underlying equity funds and 60-80% of the fund's assets in underlying bond funds.
Allocating the fund's assets among bond funds (including domestic, international and emerging markets, U.S. inflation-protected debt, and U.S. long-term treasuries) and equity funds (including domestic, international, and emerging markets equities) to manage the fund's risk across asset classes over time. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
Investing up to 25% of assets in underlying high income (including funds that invest in high yield debt securities (also referred to as junk bonds)), leveraged loan, country specific equity, real estate equity and commodities funds.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.

Principal Investment Risks

Asset Allocation Risk.

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Foreign Currency Transactions.

Industry Exposure.

Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

Passive Management Risk.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Investing in Exchange Traded Funds (ETFs).

Inflation-Protected Debt Exposure.

Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.

Commodity-Linked Investing.

Commodity Futures.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

										2021
										5.36 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	3.98 %	June 30, 2021
Lowest Quarter Return	- 1.03 %	March 31, 2021
Year-to-Date Return	- 17.80 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Life of class A
Fidelity® Health Savings Fund	5.36 %	9.06 %
Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	- 1.54 %	1.02 %
Fidelity Health Savings Composite Index℠ (reflects no deduction for fees or expenses)	4.99 %	7.90 %
Fidelity Health Savings Extended Composite Index℠ (reflects no deduction for fees or expenses)	4.58 %	7.73 %

A From March 2, 2020

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2020.

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2020.

Purchase and Sale of Shares

Shares are available only to certain Fidelity ® health savings accounts.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Summary

Fund:

Fidelity® Health Savings Index Fund

Investment Objective

Fidelity® Health Savings Index Fund seeks total return.

Fee Table

Shareholder fees

(fees paid directly from your investment)

None

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Management fee	0.15 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.00 %
Acquired fund fees and expenses	0.09 %
Total annual operating expenses A	0.24 %
Fee waiver and/or expense reimbursement B	0.05 %
Total annual operating expenses after fee waiver and/or expense reimbursement A	0.19 %

A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses.

B Fidelity Management & Research Company LLC (FMR) has contractually agreed to waive 0.05% of the fund's management fee. This arrangement will remain in effect through January 31, 2024 . FMR may not terminate this arrangement before the expiration date without the approval of the Board of Trustees and may extend it in its discretion after that date.

1 year	$	19
3 years	$	70
5 years	$	128
10 years	$	299

Portfolio Turnover

Principal Investment Strategies

Normally investing at least 80% of assets in a combination of passively managed Fidelity bond and equity funds and affiliated and unaffiliated exchange-traded funds (collectively, underlying funds).
Investing approximately 30% of the fund's assets in underlying equity funds and 70% of the fund's assets in underlying bond funds. The Adviser may vary the fund's exposure to the underlying funds within the following ranges: 20-40% of the fund's assets in underlying equity funds and 60-80% of the fund's assets in underlying bond funds.
Allocating the fund's assets among bond funds (including domestic, international and emerging markets, U.S. inflation-protected debt, and U.S. long-term treasuries) and equity funds (including domestic, international, and emerging markets equities) to manage the fund's risk across asset classes over time. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
Investing up to 25% of assets in underlying high income (including funds that invest in high yield debt securities (also referred to as junk bonds)), leveraged loan, country specific equity, real estate equity and commodities funds.
Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.

Principal Investment Risks

Asset Allocation Risk.

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Foreign Exposure.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Foreign Currency Transactions.

Industry Exposure.

Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single industry or group of related industries.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

Passive Management Risk.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Investing in Exchange Traded Funds (ETFs).

Inflation-Protected Debt Exposure.

Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Interest payments on inflation-protected debt securities can be unpredictable.

Commodity-Linked Investing.

Commodity Futures.

Securities Lending Risk.

Performance

The following information is intended to help you understand the risks of investing in the fund.

Visit www.fidelity.com for more recent performance information.

Year-by-Year Returns

										2021
										5.15 %

During the periods shown in the chart:	Returns	Quarter ended
Highest Quarter Return	3.96 %	June 30, 2021
Lowest Quarter Return	- 1.30 %	March 31, 2021
Year-to-Date Return	- 18.30 %	September 30, 2022

Average Annual Returns

For the periods ended December 31, 2021	Past 1 year	Life of fund A
Fidelity® Health Savings Index Fund	5.15 %	8.34 %
Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	- 1.54 %	1.02 %
Fidelity Health Savings Composite Index℠ (reflects no deduction for fees or expenses)	4.99 %	7.90 %
Fidelity Health Savings Extended Composite Index℠ (reflects no deduction for fees or expenses)	4.58 %	7.73 %

A From March 2, 2020

Investment Adviser

Fidelity Management & Research Company LLC (FMR) (the Adviser) is the fund's manager. Other investment advisers serve as sub-advisers for the fund.

Portfolio Manager(s)

Avishek Hazrachoudhury (Co-Portfolio Manager) has managed the fund since 2020.

Geoff Stein (Co-Portfolio Manager) has managed the fund since 2020.

Purchase and Sale of Shares

Shares are available only to certain Fidelity ® health savings accounts.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Distributions by the fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Basics

Investment Details

Investment Objective

Fidelity® Health Savings Fund seeks total return.

Principal Investment Strategies

For current information on fund holdings, please call 1-800-544-8544 or visit Fidelity's web site at www.fidelity.com. For information on the underlying funds, see the underlying funds' prospectuses. A copy of any underlying Fidelity ® fund's prospectus is available at www.fidelity. com or institutional.fidelity.com. For a copy of any other underlying fund's prospectus, visit the web site of the company that manages or sponsors that underlying fund.

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Investment Objective

Fidelity® Health Savings Index Fund seeks total return.

Principal Investment Strategies

The Adviser normally invests at least 80% of the fund's assets in a combination of passively managed Fidelity ® bond and equity funds and affiliated and unaffiliated exchange-traded funds (collectively, underlying funds).

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Description of Principal Security Types

In addition to investing in underlying funds, the fund may invest directly in the following principal security types:

Principal Investment Risks

Many factors affect each fund's performance. Developments that disrupt global economies and financial markets, such as pandemics and epidemics, may magnify factors that affect a fund's performance. A fund's share price changes daily based on the performance of the underlying funds in which it invests. The ability of each fund to meet its investment objective is directly related to its asset allocation among underlying funds and the ability of those funds to meet their investment objectives. If the Adviser's asset allocation strategy does not work as intended, a fund may not achieve its objective. There is no guarantee that any single fund will meet your future medical expenses. Each fund's share price fluctuates, which means that you could lose money by investing in a fund.

The following factors can significantly affect a fund's performance:

Asset Allocation Risk. A fund is subject to risks resulting from the Adviser's asset allocation decisions. The selection of underlying funds and the allocation of the fund's assets among various asset classes could cause the fund to lose value or its results to lag relevant benchmarks or other funds with similar objectives. In addition, the fund's active asset allocation strategy may cause the fund to have a risk profile different than that portrayed above from time to time and may increase losses.

Stock Market Volatility . The value of equity securities fluctuates in response to issuer, political, market, and economic developments. Fluctuations, especially in foreign markets, can be dramatic over the short as well as long term, and different parts of the market, including different market sectors, and different types of equity securities can react differently to these developments. For example, stocks of companies in one sector can react differently from those in another, large cap stocks can react differently from small cap stocks, "growth" stocks can react differently from "value" stocks, and stocks selected using quantitative or technical analysis can react differently than stocks selected using fundamental analysis. Issuer, political, or economic developments can affect a single issuer, issuers within an industry or economic sector or geographic region, or the market as a whole. Changes in the financial condition of a single issuer can impact the market as a whole. Terrorism and related geo-political risks have led, and may in the future lead, to increased short-term market volatility and may have adverse long-term effects on world economies and markets generally.

Interest Rate Changes. Debt securities, including money market securities, have varying levels of sensitivity to changes in interest rates. In general, the price of a debt security can fall when interest rates rise and can rise when interest rates fall. Securities with longer maturities and certain types of securities, such as mortgage securities and the securities of issuers in the financial services sector, can be more sensitive to interest rate changes, meaning the longer the maturity of a security, the greater the impact a change in interest rates could have on the security's price. Short-term and long-term interest rates do not necessarily move in the same amount or the same direction. Short-term securities tend to react to changes in short-term interest rates, and long-term securities tend to react to changes in long-term interest rates. Securities with floating interest rates can be less sensitive to interest rate changes, but may decline in value if their interest rates do not rise as much as interest rates in general. Securities whose payment at maturity is based on the movement of all or part of an index and inflation-protected debt securities may react differently from other types of debt securities. Some countries experience low or negative interest rates from time to time, which may magnify interest rate risk for the market as a whole and for a fund. In market environments where interest rates are rising, issuers may be less willing or able to make principal and/or interest payments on securities when due. The discontinuation and replacement of London Interbank Offered Rate (LIBOR) (an indicative measure of the average interest rate at which major global banks could borrow from one another) and other benchmark rates may have a significant impact on the financial markets and may adversely impact a fund's performance.

Issuer-Specific Changes. Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending transaction), changes in specific economic or political conditions that affect a particular type of security or issuer, and changes in general economic or political conditions can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's credit quality or value and an issuer's or counterparty's ability to pay interest and principal when due or result in delays in recovering securities and/or capital from a counterparty. Entities providing credit support or a maturity-shortening structure also can be affected by these types of changes, and if the structure of a security fails to function as intended, the security could decline in value. The value of securities of smaller and medium size, less well-known issuers can be more volatile than that of larger issuers. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), including floating rate loans, and certain types of other securities tend to be particularly sensitive to these changes.

Shareholder Notice

The following is subject to change only upon 60 days' prior notice to shareholders:

Fidelity® Health Savings Index Fund normally invests at least 80% of its assets in a combination of passively managed Fidelity bond and equity funds and affiliated and unaffiliated exchange-traded funds.

Valuing Shares

Each fund is open for business each day the NYSE is open.

The NAV is the value of a single share. Fidelity normally calculates NAV as of the close of business of the NYSE, normally 4:00 p.m. Eastern time. Each fund's assets normally are valued as of this time for the purpose of computing NAV. Fidelity calculates NAV separately for each class of shares of a multiple class fund.

Fund	NAV Calculation Times (Eastern Time)
Fidelity® Health Savings Fund	4:00 p.m.
Fidelity® Health Savings Index Fund	4:00 p.m.

NAV is calculated using the values of the underlying Fidelity ® funds in which a fund invests. Shares of underlying Fidelity ® funds (other than ETFs) are valued at their respective NAVs. For an explanation of the circumstances under which the underlying Fidelity ® funds will use fair value pricing and the effects of using fair value pricing, see the underlying Fidelity ® funds' prospectuses and Statements of Additional Information (SAIs). Other assets (including securities issued by ETFs) are valued primarily on the basis of market quotations, official closing prices, or information furnished by a pricing service.

Shareholder Information

Additional Information about the Purchase and Sale of Shares

As used in this prospectus, the term "shares" generally refers to the shares offered through this prospectus.

General Information

Information on Fidelity

Fidelity Investments was established in 1946 to manage one of America's first mutual funds. Today, Fidelity is one of the world's largest providers of financial services.

Ways to Invest

Subject to the purchase and sale requirements stated in this prospectus, you may buy or sell shares through a Fidelity ® health savings account (HSA). If you buy or sell shares (other than by exchange) through a Fidelity ® HSA, your transactions generally involve your Fidelity ® HSA core (a settlement vehicle included as part of your Fidelity ® HSA).

If you do not currently have a Fidelity ® HSA and would like to invest in a fund, you may need to open a Fidelity ® HSA. For more information about a Fidelity ® HSA, please visit Fidelity's web site at www.fidelity.com, call 1-800-FIDELITY, or visit a Fidelity Investor Center (call 1-800-544-9797 for the center nearest you).

Information on Placing Orders

You should include the following information with any order:

Your name
Your account number
Type of transaction requested
Name(s) of fund(s) and class(es)
Dollar amount or number of shares

Certain methods of contacting Fidelity may be unavailable or delayed (for example, during periods of unusual market activity). In addition, the level and type of service available may be restricted.

Frequent Purchases and Redemptions

A fund may reject for any reason, or cancel as permitted or required by law, any purchase or exchange, including transactions deemed to represent excessive trading, at any time.

Each fund reserves the right at any time to restrict purchases or exchanges or impose conditions that are more restrictive on excessive trading than those stated in this prospectus.

Excessive Trading Policy

Exceptions

Fidelity may choose not to monitor transactions below certain dollar value thresholds.

Omnibus Accounts

If you purchase or sell fund shares through a financial intermediary, you may wish to contact the intermediary to determine the policies applicable to your account.

Retirement Plans

Other Information about the Excessive Trading Policy

Each fund does not knowingly accommodate frequent purchases and redemptions of fund shares by investors, except to the extent permitted by the policies described above.

Buying Shares

Eligibility

Shares are generally available only to investors residing in the United States.

Shares are available only to certain Fidelity ® HSAs. Please contact Fidelity for more information.

There is no minimum balance or purchase minimum for fund shares.

Price to Buy

The price to buy one share is its NAV. Shares are sold without a sales charge.

Shares will be bought at the NAV next calculated after an order is received in proper form.

Each fund may stop offering shares completely or may offer shares only on a limited basis, for a period of time or permanently.

If your payment is not received and collected, your purchase may be canceled and you could be liable for any losses or fees a fund or Fidelity has incurred.

Certain financial institutions that have entered into sales agreements with FDC may enter confirmed purchase orders on behalf of customers by phone, with payment to follow no later than the time when fund shares are priced on the following business day. If payment is not received by that time, the order will be canceled and the financial institution could be held liable for resulting fees or losses.

Under applicable anti-money laundering rules and other regulations, purchase orders may be suspended, restricted, or canceled and the monies may be withheld.

Selling Shares

The price to sell one share is its NAV.

Shares will be sold at the NAV next calculated after an order is received in proper form.

Normally, redemptions will be processed by the next business day, but it may take up to seven days to pay the redemption proceeds if making immediate payment would adversely affect a fund.

See "Policies Concerning the Redemption of Fund Shares" below for additional redemption information.

When you wish to sell more than $100,000 worth of shares.
When the address on your account (record address) has changed within the last 15 days or you are requesting that a check be mailed to an address different than the record address.
When you are requesting that redemption proceeds be paid to someone other than the account owner.
In certain situations when the redemption proceeds are being transferred to a Fidelity® brokerage or mutual fund account with a different registration.

When you place an order to sell shares, note the following:

Redemption proceeds (other than exchanges) may be delayed until money from prior purchases sufficient to cover your redemption has been received and collected.

Redemptions may be suspended or payment dates postponed when the NYSE is closed (other than weekends or holidays), when trading on the NYSE is restricted, or as permitted by the SEC.
Redemption proceeds may be paid in securities or other property rather than in cash if the Adviser determines it is in the best interests of a fund.

You will not receive interest on amounts represented by uncashed redemption checks.

Under applicable anti-money laundering rules and other regulations, redemption requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

Policies Concerning the Redemption of Fund Shares

Exchanging Shares

An exchange involves the redemption of all or a portion of the shares of one fund and the purchase of shares of another fund.

Shares may be exchanged into shares of any class of a Fidelity ® fund available through a Fidelity ® HSA.

However, you should note the following policies and restrictions governing exchanges:

Each fund may refuse any exchange purchase for any reason. For example, each fund may refuse exchange purchases by any person or group if, in the Adviser's judgment, the fund would be unable to invest the money effectively in accordance with its investment objective and policies, or would otherwise potentially be adversely affected.
Before any exchange, read the prospectus for the shares you are purchasing, including any purchase and sale requirements.
The shares you are acquiring by exchange must be available for sale in your state.
If you are exchanging between accounts that are not registered in the same name, address, and taxpayer identification number (TIN), there may be additional requirements.
Under applicable anti-money laundering rules and other regulations, exchange requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

The funds may terminate or modify exchange privileges in the future.

Other funds may have different exchange restrictions and minimums. Check each fund's prospectus for details.

Features and Policies

Features

The following features may be available to buy and sell shares of a fund or to move money to and from your Fidelity ® HSA. Please visit Fidelity's web site at www.fidelity.com or call 1-800-544-6666 for more information.

Electronic Funds Transfer: electronic money movement through the Automated Clearing House

To transfer money between a bank account and a Fidelity® HSA.

You can use electronic funds transfer to:

_Make periodic (automatic) purchases of Fidelity® fund shares or payments to your Fidelity® HSA.
_Make periodic (automatic) redemptions of Fidelity® fund shares or withdrawals from your Fidelity® HSA.

Wire: electronic money movement through the Federal Reserve wire system

To transfer money between a bank account and a Fidelity® HSA.

Automatic Transactions: periodic (automatic) transactions

To directly deposit all or a portion of your compensation from your employer (or the U.S. Government, in the case of Social Security) into a Fidelity® HSA.

To sell shares of your Fidelity® HSA core position and simultaneously to buy shares of another Fidelity® fund in a Fidelity® HSA.

Policies

The following apply to you as a shareholder.

Statements that Fidelity sends to you, if applicable, include the following:

Confirmation statements (after transactions affecting your fund balance except reinvestment of distributions in the fund).
Monthly or quarterly account statements (detailing fund balances and all transactions completed during the prior month or quarter).

Fidelity may charge a fee for certain services, such as providing historical account documents.

Dividends and Capital Gain Distributions

Each fund normally declares dividends and pays capital gain distributions per the tables below:

Fund Name	Dividends Paid
Fidelity® Health Savings Fund	February, March, April, May, June, July, August, September, October, November, December
Fidelity® Health Savings Index Fund	February, March, April, May, June, July, August, September, October, November, December

Fund Name	Capital Gains Paid
Fidelity® Health Savings Fund	December
Fidelity® Health Savings Index Fund	December

Any dividends and capital gain distributions paid to Fidelity ® HSA investors will be automatically reinvested unless you elect otherwise.

Tax Consequences

Taxes on Distributions

Distributions by each fund to tax-advantaged accounts are not taxable currently (but you may be taxed later, upon withdrawal of your investment from such account).

Taxes on Transactions

Fund Services

Fund Management

Each fund is a mutual fund, an investment that pools shareholders' money and invests it toward a specified goal.

Adviser

FMR. The Adviser is each fund's manager. The address of the Adviser is 245 Summer Street, Boston, Massachusetts 02210.

As the manager, the Adviser has overall responsibility for directing each fund's investments and handling its business affairs.

Sub-Adviser(s)

FMR UK may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Fidelity® Health Savings Fund and Fidelity® Health Savings Index Fund.

FMR H.K. may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Fidelity® Health Savings Fund and Fidelity® Health Savings Index Fund.

FMR Japan may provide investment research and advice on issuers based outside the United States and may also provide investment advisory services for Fidelity® Health Savings Fund and Fidelity® Health Savings Index Fund.

Portfolio Manager(s)

Avishek Hazrachoudhury is Co-Portfolio Manager of each fund, which he has managed since 2020. He also manages other funds. Since joining Fidelity Investments in 2013, Mr. Hazrachoudhury has worked as a quantitative analyst and portfolio manager.

Geoff Stein is Co-Portfolio Manager of each fund, which he has managed since 2020. He also manages other funds. Since joining Fidelity Investments in 1994, Mr. Stein has worked as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers LLC, and portfolio manager.

The SAI provides additional information about the compensation of, any other accounts managed by, and any fund shares held by the portfolio manager(s).

Advisory Fee(s)

Each class of Fidelity ® Health Savings Fund pays an all-inclusive management fee to the Adviser.

A different all-inclusive management fee rate is applicable to each class of a fund. The difference between classes is the result of separate arrangements for class level services and/or waivers of certain expenses. It is not the result of any difference in advisory or custodial fees or other expenses related to the management of a fund's assets, which do not vary by class.

Fidelity ® Health Savings Index Fund pays a management fee to the Adviser. The management fee is calculated and paid to the Adviser every month. The Adviser pays all of the other expenses of Fidelity® Health Savings Index Fund with limited exceptions.

The annual management fee rate, as a percentage of each fund's average net assets, is shown in the following table:

Fund	Management Fee Rate
Fidelity® Health Savings Fund	0.45%
Fidelity® Health Savings Index Fund	0.15%

The Adviser has contractually agreed to waive 0.05% of Fidelity ® Health Savings Index Fund's management fee until January 31, 2024.

The management fee paid, as a percentage of a fund's average net assets, for the fiscal year ended September 30, 2022, is shown in the following table:

Fund	Management Fee Rate
Fidelity® Health Savings Index Fund	0.10%*

*After waiver and/or reimbursement

The Adviser pays FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited for providing sub-advisory services.

Reimbursement or waiver arrangements can decrease expenses and boost performance.

Fund Distribution

Fidelity® Health Savings Fund is composed of multiple classes of shares. All classes of a multiple class fund have a common investment objective and investment portfolio.

FDC distributes Fidelity® Health Savings Fund and Fidelity® Health Savings Index Fund shares.

Intermediaries may receive from the Adviser, FDC, and/or their affiliates compensation for providing recordkeeping and administrative services, as well as other retirement plan expenses, and compensation for services intended to result in the sale of fund shares. This compensation may take the form of payments for additional distribution-related activities and/or shareholder services and payments for educational seminars and training, including seminars sponsored by Fidelity, or by an intermediary.

These payments are described in more detail in this section and in the SAI.

Distribution and Service Plan(s)

Each fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act with respect to its shares that recognizes that the Adviser may use its management fee revenues, as well as its past profits or its resources from any other source, to pay FDC for expenses incurred in connection with providing services intended to result in the sale of shares of each fund and/or shareholder support services. The Adviser, directly or through FDC, may pay significant amounts to intermediaries that provide those services. Currently, the Board of Trustees of each fund has authorized such payments for shares of each fund.

If payments made by the Adviser to FDC or to intermediaries under a Distribution and Service Plan were considered to be paid out of a fund's or class's assets on an ongoing basis, they might increase the cost of your investment and might cost you more than paying other types of sales charges.

Appendix

Financial Highlights

Financial Highlights are intended to help you understand the financial history of fund shares for the past 5 years (or, if shorter, the period of operations). Certain information reflects financial results for a single share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in shares (assuming reinvestment of all dividends and distributions). The annual information has been audited by Deloitte & Touche LLP, independent registered public accounting firm, whose report(s), along with fund financial statements, is included in the annual report. Annual reports are available for free upon request.

Fidelity® Health Savings Fund

Years ended September 30,		2022		2021		2020 A
Selected Per-Share Data
Net asset value, beginning of period	$	11.21	$	10.48	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.28		.16		.08
Net realized and unrealized gain (loss)		(2.02)		.76		.46
Total from investment operations		(1.74)		.92		.54
Distributions from net investment income		(.25)		(.11)		(.06)
Distributions from net realized gain		(.07)		(.08)		-
Total distributions		(.32)		(.19)		(.06)
Net asset value, end of period	$	9.15	$	11.21	$	10.48

Total Return D,E		(15.98)%		8.81%		5.41%

Ratios to Average Net Assets F,G,C
Expenses before reductions		.45%		.45%		.45% H
Expenses net of fee waivers, if any		.45%		.45%		.45% H
Expenses net of all reductions		.45%		.45%		.45% H
Net investment income (loss)		2.66%		1.48%		1.36% H
Supplemental Data
Net assets, end of period (000 omitted)	$	18,399	$	16,668	$	4,324
Portfolio turnover rate I		29%		31%		43% H

A For the period March 2, 2020 (commencement of operations) through September 30, 2020

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

H Annualized.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity® Health Savings Index Fund

Years ended September 30,		2022		2021		2020 A
Selected Per-Share Data
Net asset value, beginning of period	$	11.06	$	10.41	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.32		.17		.06
Net realized and unrealized gain (loss)		(2.06)		.66		.40
Total from investment operations		(1.74)		.83		.46
Distributions from net investment income		(.28)		(.14)		(.05)
Distributions from net realized gain		(.03)		(.04)		-
Total distributions		(.31)		(.18)		(.05)
Net asset value, end of period	$	9.01	$	11.06	$	10.41

Total Return D,E		(16.22)%		7.99%		4.58%

Ratios to Average Net Assets F,G,C
Expenses before reductions		.15%		.15%		.15% H
Expenses net of fee waivers, if any		.10%		.10%		.10% H
Expenses net of all reductions		.10%		.10%		.10% H
Net investment income (loss)		3.08%		1.51%		.97% H
Supplemental Data
Net assets, end of period (000 omitted)	$	19,409	$	16,864	$	3,609
Portfolio turnover rate I		32%		42%		71% H

A For the period March 2, 2020 (commencement of operations) through September 30, 2020.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Annualized.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Additional Index Information

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT

Investment Company Act of 1940, File Number(s), 811-03221

1.9897515.103

HSI-PRO-1122

1 year	$	57
3 years	$	189
5 years	$	334
10 years	$	756

Portfolio Turnover

The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity ® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred, would not be reflected in annual operating expenses or in the example and would affect the fund's performance. For the period from February 10, 2022 to September 30, 2022, the fund's portfolio turnover rate was 111 % (annualized) of the average value of its portfolio.

Principal Investment Strategies

Normally investing at least 80% of assets in Fidelity® funds (including mutual funds and Exchange Traded Funds (ETFs)) that invest in securities of issuers that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes have proven or improving sustainability practices based on an evaluation of such issuer's individual environmental, social, and governance (ESG) profile and in Fidelity® index funds that track an ESG index (underlying Fidelity funds).
Allocating assets according to a neutral asset allocation strategy in which 70% of the fund's assets are allocated to underlying Fidelity® U.S. and international equity mutual funds and ETFs and 30% to underlying Fidelity® bond mutual funds and ETFs. To reflect the Adviser's market outlook, which is primarily focused on the intermediate term, the Adviser may overweight or underweight each asset class within the following ranges: equity funds (60%-80%) and bond funds (20%-40%).
The Adviser may invest up to 10% of the fund's total assets in commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, international debt, emerging markets debt or short term funds, but no more than 25% in aggregate within those asset classes. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
Actively managed underlying funds employ sustainable investing exclusion criteria to avoid investments in issuers that are directly engage in, and/or derive significant revenue from, certain industries. Please see "Fund Basics - Investment Details - Sustainable Investing Exclusions" for additional information.

Principal Investment Risks

Asset Allocation Risk.

Investing in Other Funds.

The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying funds will not meet their investment objectives.

Stock Market Volatility.

Interest Rate Changes.

Interest rate increases can cause the price of a debt security to decrease.

Sustainability Risk.

Application of FMR's ESG ratings process and/or its sustainable investing exclusion criteria may affect the fund's exposure to certain issuers, sectors, regions, and countries and may affect the fund's performance depending on whether certain investments are in or out of favor. The criteria related to the fund's ESG ratings process and/or adherence to its sustainable investing exclusion criteria may result in the fund forgoing opportunities to buy certain securities when it might otherwise be advantageous to do so, or selling securities for ESG reasons when it might be otherwise disadvantageous for it to do so. As a result, the fund's performance may at times be better or worse than the performance of funds that do not use ESG or sustainability criteria. There are significant differences in interpretations of what it means for an issuer to have positive ESG factors. While the Adviser believes its definitions are reasonable, the portfolio decisions it makes may differ with other investors' or advisers' views. When evaluating an issuer, the Adviser is dependent on information or data obtained through voluntary or third-party reporting that may be incomplete, inaccurate, or unavailable, which could cause the Adviser to incorrectly assess an issuer's business practices.

Foreign and Emerging Markets Risk.

Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Foreign exchange rates also can be extremely volatile.

Prepayment.

The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes.

The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease.

Correlation to Index.

Passive Management Risk.

Leverage Risk.

Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.

Investing in ETFs.

High Portfolio Turnover.

High portfolio turnover (more than 100%) may result in increased transaction costs and potentially higher capital gains or losses. The effects of higher than normal portfolio turnover may adversely affect the fund's performance.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

Investment Adviser

FMR (the Adviser) is the fund's manager.

Portfolio Manager(s)

Bruno Crocco (Co-Portfolio Manager) has managed the fund since 2022.

Finola McGuire Foley (Co-Portfolio Manager) has managed the fund since 2022.

Purchase and Sale of Shares

You may buy or sell shares through a Fidelity ® brokerage or mutual fund account, through a retirement account, or through an investment professional.

You may buy or sell shares in various ways:

Internet

www.fidelity.com

Phone

Fidelity Automated Service Telephone (FAST ® ) 1-800-544-5555

To reach a Fidelity representative 1-800-544-6666

Mail

Additional purchases:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0003

Redemptions:

Fidelity Investments

P.O. Box 770001

Cincinnati, OH 45277-0035

TDD - Service for the Deaf and Hearing Impaired

1-800-544-0118

The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after an order is received in proper form.

The price to sell one share is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

There is no purchase minimum for fund shares.

Tax Information

Payments to Broker-Dealers and Other Financial Intermediaries

Fund Basics

Investment Details

Investment Objective

Fidelity® Sustainable Multi-Asset Fund seeks total return.

Principal Investment Strategies

The Adviser normally invests at least 80% of the fund's assets in Fidelity® funds (including mutual funds and ETFs) that invest in securities of issuers that the Adviser believes have proven or improving sustainability practices based on an evaluation of such issuer's individual environmental, social, and governance (ESG) profile and in Fidelity® index funds that track an ESG index (underlying Fidelity® funds).

The Adviser allocates the assets of the fund according to a neutral asset allocation strategy in which 70% of the fund's assets are allocated to underlying Fidelity® U.S. and international equity mutual funds and ETFs and 30% to underlying Fidelity® bond mutual funds and ETFs. To reflect the Adviser's market outlook, which is primarily focused on the intermediate term, the Adviser may overweight or underweight each asset class within the following ranges: equity funds (60%-80%) and bond funds (20%-40%).

Because the fund allocates its assets among the underlying Fidelity® funds based on fund types rather than on the actual holdings of the underlying Fidelity® funds, the fund may have greater exposure to an asset class to the extent that an underlying Fidelity® fund holds securities of more than one asset class.

The Adviser may invest up to 10% of the fund's total assets in commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, international debt, emerging markets debt and short term funds individually, but no more than 25% in aggregate within those asset classes. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the world's major economies and may have the potential for rapid economic growth.

Information concerning the fund's actual allocations to underlying funds will be available in the fund's shareholder report and on the fund's website from time to time. For information on the underlying funds, see the underlying funds' prospectuses. A copy of any underlying Fidelity® fund's prospectus is available at www.fidelity.com or institutional.fidelity.com.

If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Description of Principal Security Types

Sustainable Investing Exclusions

As part of its investment approach, the fund also applies broad criteria ("exclusion criteria") that seek to exclude issuers that are directly engaged in, and/or derive significant revenue from, certain industries or product lines. At present, these include: civilian semi-automatic firearms; tobacco production, or bonds issued against the proceeds of tobacco settlements; for-profit prisons; controversial weapons (e.g., cluster munitions, land mines, biological/chemical weapons, blinding lasers, and incendiary weapons); and coal production and/or mining.

In determining whether an issuer is directly engaged in, and/or derives significant revenue from a particular industry or product line, the fund may use revenue thresholds (e.g., issuers that derive more than 5% of revenue from tobacco production) and/or categorical exclusions (e.g., issuers that derive any revenue from the operation of private prisons or issuers that are classified within the coal production or mining industries), depending on the industry or product line, based generally on data provided by one or more third-party vendor(s). The Adviser, in its sole discretion, retains the right not to use data provided by third-party vendors where it deems the data not representative of an issuer's current business operations. In such cases, or where data on specific issuers may not be available from third-party vendors, the Adviser may make reasonable estimates or otherwise exercise its discretion.

The fund's exclusion criteria may be updated periodically to, among other things, add or remove certain industries or product lines from the screening process, revise the revenue thresholds and categorical exclusions applicable to such activities, or change particular industries or product lines from a categorical exclusion to a revenue threshold, or vice versa. Once the Adviser determines that an issuer is not subject to the fund's exclusion criteria, the Adviser then employs the sustainability strategy discussed above.

The implementation of the sustainability strategy (or strategies) is conducted alongside traditional fundamental, bottom-up financial analysis of individual issuers, using traditional fundamental metrics and/or traditional quantitative metrics. The Adviser may also engage in dialogues with the issuer's management teams to further inform investment decision-making and to foster best corporate governance practices using its fundamental and sustainability analysis. In addition, the fund may invest in an issuer prior to completion of the sustainability analysis or without engaging with the issuer's management.

Principal Investment Risks

Many factors affect the fund's performance. Developments that disrupt global economies and financial markets, such as pandemics and epidemics, may magnify factors that affect a fund's performance. The fund's share price changes daily based on the performance of the underlying Fidelity® funds in which it invests. The ability of the fund to meet its investment objective is directly related to its asset allocation among underlying Fidelity® funds and the ability of those funds to meet their investment objectives. If the Adviser's asset allocation strategy does not work as intended, the fund may not achieve its objective. The fund's share price fluctuates, which means you could lose money by investing in the fund.

T he following factors can significantly affect the fund's performance:

Investing in ETFs. ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark.

Stock Market Volatility . The value of equity securities fluctuates in response to issuer, political, market, and economic developments. Fluctuations, especially in foreign markets, can be dramatic over the short as well as long term, and different parts of the market, including different market sectors, and different types of equity securities can react differently to these developments. For example, stocks of companies in one sector can react differently from those in another, large cap stocks can react differently from small cap stocks, "growth" stocks can react differently from "value" stocks, and stocks selected using quantitative or technical analysis can react differently than stocks selected using fundamental analysis. Issuer, political, or economic developments can affect a single issuer, issuers within an industry or economic sector or geographic region, or the market as a whole. Changes in the financial condition of a single issuer can impact the market as a whole. Terrorism and related geo-political risks have led, and may in the future lead, to increased short-term market volatility and may have adverse long-term effects on world economies and markets generally.

Sustainability Risk. Application of FMR's ESG ratings process and/or its sustainable investing exclusion criteria may affect the fund's exposure to certain issuers, sectors, regions, and countries and may affect the fund's performance depending on whether certain investments are in or out of favor. The criteria related to the fund's ESG ratings process and/or adherence to its sustainable investing exclusion criteria may result in the fund forgoing opportunities to buy certain securities when it might otherwise be advantageous to do so, or selling securities for ESG reasons when it might be otherwise disadvantageous for it to do so. As a result, the fund's performance may at times be better or worse than the performance of funds that do not use ESG or sustainability criteria. There are significant differences in interpretations of what it means for an issuer to have positive ESG factors. While the Adviser believes its definitions are reasonable, the portfolio decisions it makes may differ with other investors' or advisers' views. Socially responsible norms differ by country and region, and an issuer's ESG factors or the Adviser's assessment of such may change over time. A fund may invest in issuers that do not reflect the beliefs and values of any particular investor. When conducting the ESG ratings process of an issuer or compiling and maintaining the sustainable investing exclusion list, the Adviser may rely on information or data obtained through voluntary or third-party reporting that may be incomplete, inaccurate, or unavailable, which could cause the Adviser to incorrectly assess an issuer's business practices with respect to ESG or to incorrectly include or exclude an issuer on or from its sustainable investing exclusion list. Certain investments may be dependent on U.S. and foreign government policies, including tax incentives and subsidies, which may change without notice. A fund's investments in certain issuers may be susceptible to various factors that may impact their businesses or operations, including costs associated with government budgetary constraints that impact publicly funded projects and initiatives, the effects of general economic conditions throughout the world, increased competition from other providers of services, unfavorable tax laws or accounting policies and high leverage.

Foreign and Emerging Markets Risk. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations, and securities for which an entity located in a foreign country provides credit support or a maturity-shortening structure can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign exchange rates; withholding or other taxes; trading, settlement, custodial, and other operational risks; and the less stringent investor protection and disclosure standards of some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market.

Geographic Exposure. Social, political, and economic conditions and changes in regulatory, tax, or economic policy in a country or region could significantly affect the market in that country or region. From time to time, a small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic, currency, or regulatory developments. Similarly, from time to time, an underlying fund may invest a large portion of its assets in the securities of issuers located in a single country or a limited number of countries. If an underlying fund invests in this manner, there is a higher risk that social, political, economic, tax (such as a tax on foreign investments or financial transactions), currency, or regulatory developments in those countries may have a significant impact on the underlying fund's investment performance.

Prepayment. Many types of debt securities, including mortgage securities, and inflation- protected debt securities, are subject to prepayment risk. Prepayment risk occurs when the issuer of a security can repay principal prior to the security's maturity. Securities subject to prepayment can offer less potential for gains during a declining interest rate environment and similar or greater potential for loss in a rising interest rate environment. In addition, the potential impact of prepayment features on the price of a debt security can be difficult to predict and result in greater volatility.

Leverage Risk. Derivatives and forward-settling securities involve leverage because they can provide investment exposure in an amount exceeding the initial investment. Leverage can magnify investment risks and cause losses to be realized more quickly. A small change in the underlying asset, instrument, or index can lead to a significant loss. Forward-settling securities also involve the risk that a security will not be issued, delivered, or paid for when anticipated. Government legislation or regulation could affect the use of these transactions and could limit a fund's ability to pursue its investment strategies.

High Portfolio Turnover. A fund may engage in active and frequent trading of its portfolio securities. High portfolio turnover (more than 100%) may result in increased transaction costs to a fund, including brokerage commissions, dealer mark-ups, and other transaction costs on the sale of securities or reinvestment in other securities. The sale of a fund's securities may result in the realization and/or distribution to shareholders of higher capital gains or losses as compared to a fund with less active trading policies. These effects of higher than normal portfolio turnover may adversely affect a fund's performance.

Shareholder Notice

The following is subject to change only upon 60 days' prior notice to shareholders:

Fidelity® Sustainable Multi-Asset Fund normally invests at least 80% of the fund's assets in Fidelity® funds (including mutual funds and exchange traded funds (ETFs)) that invest in securities of issuers that the Adviser believes have proven or improving sustainability practices based on an evaluation of such issuer's individual environmental, social, and governance (ESG) profile and in Fidelity® index funds that track an ESG index (underlying Fidelity® funds).

Valuing Shares

The fund is open for business each day the NYSE is open.

NAV is calculated using the values of the underlying Fidelity ® funds in which the fund invests. Shares of underlying Fidelity ® funds are valued at their respective NAVs. For an explanation of the circumstances under which the underlying Fidelity ® funds will use fair value pricing and the effects of using fair value pricing, see the underlying Fidelity ® funds' prospectuses and Statements of Additional Information (SAIs).

To the extent that underlying Fidelity ® fund assets are traded in other markets on days when the fund is not open for business, the value of the fund's assets may be affected on those days. In addition, trading in some underlying Fidelity ® fund assets may not occur on days when the fund is open for business.

Shareholder Information

Additional Information about the Purchase and Sale of Shares

As used in this prospectus, the term "shares" generally refers to the shares offered through this prospectus.

General Information

Information on Fidelity

Fidelity Investments was established in 1946 to manage one of America's first mutual funds. Today, Fidelity is one of the world's largest providers of financial services.

Ways to Invest

Information on Placing Orders

You should include the following information with any order:

Your name
Your account number
Type of transaction requested
Name(s) of fund(s) and class(es)
Dollar amount or number of shares

Certain methods of contacting Fidelity may be unavailable or delayed (for example, during periods of unusual market activity). In addition, the level and type of service available may be restricted.

Frequent Purchases and Redemptions

The fund may reject for any reason, or cancel as permitted or required by law, any purchase or exchange, including transactions deemed to represent excessive trading, at any time.

The fund reserves the right at any time to restrict purchases or exchanges or impose conditions that are more restrictive on excessive trading than those stated in this prospectus.

Excessive Trading Policy

Exceptions

Fidelity may choose not to monitor transactions below certain dollar value thresholds.

Omnibus Accounts

If you purchase or sell fund shares through a financial intermediary, you may wish to contact the intermediary to determine the policies applicable to your account.

Retirement Plans

Other Information about the Excessive Trading Policy

The fund does not knowingly accommodate frequent purchases and redemptions of fund shares by investors, except to the extent permitted by the policies described above.

Buying Shares

Eligibility

Shares are generally available only to investors residing in the United States.

There is no minimum balance or purchase minimum for fund shares.

Price to Buy

The price to buy one share is its NAV. Shares are sold without a sales charge.

Shares will be bought at the NAV next calculated after an order is received in proper form.

The fund has authorized certain intermediaries to accept orders to buy shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be bought at the NAV next calculated after the order is received by the authorized intermediary.

The fund may stop offering shares completely or may offer shares only on a limited basis, for a period of time or permanently.

If your payment is not received and collected, your purchase may be canceled and you could be liable for any losses or fees the fund or Fidelity has incurred.

Under applicable anti-money laundering rules and other regulations, purchase orders may be suspended, restricted, or canceled and the monies may be withheld.

Selling Shares

The price to sell one share is its NAV.

Shares will be sold at the NAV next calculated after an order is received in proper form.

Normally, redemptions will be processed by the next business day, but it may take up to seven days to pay the redemption proceeds if making immediate payment would adversely affect the fund.

The fund has authorized certain intermediaries to accept orders to sell shares on its behalf. When authorized intermediaries receive an order in proper form, the order is considered as being placed with the fund, and shares will be sold at the NAV next calculated after the order is received by the authorized intermediary.

See "Policies Concerning the Redemption of Fund Shares" below for additional redemption information.

When you wish to sell more than $100,000 worth of shares.
When the address on your account (record address) has changed within the last 15 days or you are requesting that a check be mailed to an address different than the record address.
When you are requesting that redemption proceeds be paid to someone other than the account owner.
In certain situations when the redemption proceeds are being transferred to a Fidelity® brokerage or mutual fund account with a different registration.

When you place an order to sell shares, note the following:

Redemption proceeds (other than exchanges) may be delayed until money from prior purchases sufficient to cover your redemption has been received and collected.

Redemptions may be suspended or payment dates postponed when the NYSE is closed (other than weekends or holidays), when trading on the NYSE is restricted, or as permitted by the SEC.
Redemption proceeds may be paid in securities or other property rather than in cash if the Adviser determines it is in the best interests of the fund.

You will not receive interest on amounts represented by uncashed redemption checks.

If you hold your shares in a Fidelity® brokerage or mutual fund account and your redemption check remains uncashed for six months, the check may be invested in additional shares at the NAV next calculated on the day of the investment.
Under applicable anti-money laundering rules and other regulations, redemption requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

Policies Concerning the Redemption of Fund Shares

Exchanging Shares

An exchange involves the redemption of all or a portion of the shares of one fund and the purchase of shares of another fund.

As a shareholder, you have the privilege of exchanging shares for shares of other Fidelity ® funds.

However, you should note the following policies and restrictions governing exchanges:

The exchange limit may be modified for accounts held by certain institutional retirement plans to conform to plan exchange limits and Department of Labor regulations. See your retirement plan materials for further information.
The fund may refuse any exchange purchase for any reason. For example, the fund may refuse exchange purchases by any person or group if, in the Adviser's judgment, the fund would be unable to invest the money effectively in accordance with its investment objective and policies, or would otherwise potentially be adversely affected.
Before any exchange, read the prospectus for the shares you are purchasing, including any purchase and sale requirements.
The shares you are acquiring by exchange must be available for sale in your state.
Exchanges may have tax consequences for you.
If you are exchanging between accounts that are not registered in the same name, address, and taxpayer identification number (TIN), there may be additional requirements.
Under applicable anti-money laundering rules and other regulations, exchange requests may be suspended, restricted, canceled, or processed and the proceeds may be withheld.

The fund may terminate or modify exchange privileges in the future.

Other funds may have different exchange restrictions and minimums. Check each fund's prospectus for details.

Features and Policies

Features

The following features may be available to buy and sell shares of the fund or to move money to and from your account, if you are investing through a Fidelity ® brokerage account or a Fidelity ® mutual fund account. Please visit Fidelity's web site at www.fidelity.com or call 1-800-544-6666 for more information.

Electronic Funds Transfer: electronic money movement through the Automated Clearing House

To transfer money between a bank account and a Fidelity® brokerage account or Fidelity® mutual fund account.

You can use electronic funds transfer to:

_Make periodic (automatic) purchases of Fidelity® fund shares or payments to your Fidelity® brokerage account.
_Make periodic (automatic) redemptions of Fidelity® fund shares or withdrawals from your Fidelity® brokerage account.

Wire: electronic money movement through the Federal Reserve wire system

To transfer money between a bank account and a Fidelity® brokerage account or Fidelity® mutual fund account.

Automatic Transactions: periodic (automatic) transactions

To directly deposit all or a portion of your compensation from your employer (or the U.S. Government, in the case of Social Security) into a Fidelity® brokerage account or Fidelity® mutual fund account.

To make contributions from a Fidelity® mutual fund account to a Fidelity® mutual fund IRA.

To sell shares of a Fidelity® money market fund and simultaneously to buy shares of another Fidelity® fund in a Fidelity® mutual fund account.

Policies

The following apply to you as a shareholder.

Statements that Fidelity sends to you, if applicable, include the following:

Confirmation statements (after transactions affecting your fund balance except, to the extent applicable, reinvestment of distributions in the fund or another fund and certain transactions through automatic investment or withdrawal programs).
Monthly or quarterly account statements (detailing fund balances and all transactions completed during the prior month or quarter).

You may be asked to provide additional information in order for Fidelity to verify your identity in accordance with requirements under anti-money laundering regulations. Accounts may be restricted and/or closed, and the monies withheld, pending verification of this information or as otherwise required under these and other federal regulations. In addition, the fund reserves the right to involuntarily redeem an account in the case of: (i) actual or suspected threatening conduct or actual or suspected fraudulent, illegal or suspicious activity by the account owner or any other individual associated with the account; or (ii) the failure of the account owner to provide information to the fund related to opening the accounts. Your shares will be sold at the NAV, minus any applicable shareholder fees, calculated on the day Fidelity closes your fund position.

Fidelity may charge a fee for certain services, such as providing historical account documents.

Dividends and Capital Gain Distributions

The fund normally declares dividends and pays capital gain distributions per the tables below:

Fund Name	Dividends Paid
Fidelity® Sustainable Multi-Asset Fund	December

Fund Name	Capital Gains Paid
Fidelity® Sustainable Multi-Asset Fund	December

Distribution Options

When you open an account, specify how you want to receive your distributions. The following distribution options are available:

1. Reinvestment Option.

Any dividends and capital gain distributions will be automatically reinvested in additional shares. If you do not indicate a choice, you will be assigned this option.

2. Income-Earned Option.

Any capital gain distributions will be automatically reinvested in additional shares. Any dividends will be paid in cash.

3. Cash Option.

Any dividends and capital gain distributions will be paid in cash.

4. Directed Dividends® Option.

If your dividend check(s) remains uncashed for six months, your check(s) may be invested in additional shares at the NAV next calculated on the day of the investment.

Tax Consequences

As with any investment, your investment in the fund could have tax consequences for you (for non-retirement accounts).

Taxes on Distributions

Distributions you receive from the fund are subject to federal income tax, and may also be subject to state or local taxes.

Any taxable distributions you receive from the fund will normally be taxable to you when you receive them, regardless of your distribution option.

Taxes on Transactions

Your redemptions, including exchanges, may result in a capital gain or loss for federal tax purposes. A capital gain or loss on your investment in the fund generally is the difference between the cost of your shares and the price you receive when you sell them.

Fund Services

Fund Management

The fund is a mutual fund, an investment that pools shareholders' money and invests it toward a specified goal.

Adviser

FMR. The Adviser is the fund's manager. The address of the Adviser is 245 Summer Street, Boston, Massachusetts 02210.

As the manager, the Adviser administers the asset allocation program for the fund and is responsible for handling the business affairs for the fund.

Portfolio Manager(s)

Bruno Crocco is Co-Portfolio Manager of the fund, which he has co-managed since February 2022. He also manages other funds. Since joining Fidelity Investments in 2010, Mr. Crocco has worked as a research analyst and portfolio manager.

Finola McGuire Foley is Co-Portfolio Manager of the fund, which she has managed since February 2022. She also manages other funds. Since joining Fidelity Investments in 2003, Ms. Foley has worked as an assistant portfolio manager and portfolio manager.

The SAI provides additional information about the compensation of, any other accounts managed by, and any fund shares held by the portfolio manager(s).

Advisory Fee(s)

The fund pays a management fee to the Adviser.

The management fee is calculated and paid to the Adviser every month.

The Adviser pays all of the other expenses of Fidelity® Sustainable Multi-Asset Fund with limited exceptions.

Each class of the fund pays FMR a monthly unitary management fee at an annual rate based on the average daily net assets of each class. The difference between classes' net expenses is the result of separate arrangements for class level services and/or waivers of certain expenses (if any). It is not the result of any difference in advisory or custodial fees or other expenses related to the management of a fund's assets, which do not vary by class. Different fees and expenses will affect performance.

The annual management fee rate, as a percentage of a class' average net assets, is shown in the following table:

Fund	Management Fee Rate
Fidelity® Sustainable Multi-Asset Fund	0.10%

The basis for the Board of Trustees approving the management contract for the fund is available in the fund's semi-annual report for the fiscal period ended March 31, 2022.

Reimbursement or waiver arrangements can decrease expenses and boost performance.

Fund Distribution

The fund is composed of multiple classes of shares. All classes of the fund have a common investment objective and investment portfolio.

FDC distributes the fund's shares.

These payments are described in more detail in this section and in the SAI.

Distribution and Service Plan(s)

The fund has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the Investment Company Act of 1940 (1940 Act) with respect to its shares that recognizes that the Adviser may use its management fee revenues, as well as its past profits or its resources from any other source, to pay FDC for expenses incurred in connection with providing services intended to result in the sale of shares of the fund and/or shareholder support services. The Adviser, directly or through FDC, may pay significant amounts to intermediaries that provide those services. Currently, the Board of Trustees of the fund has authorized such payments for shares of the fund.

No dealer, sales representative, or any other person has been authorized to give any information or to make any representations, other than those contained in this prospectus and in the related SAI, in connection with the offer contained in this prospectus. If given or made, such other information or representations must not be relied upon as having been authorized by the fund or FDC. This prospectus and the related SAI do not constitute an offer by the fund or by FDC to sell shares of the fund to, or to buy shares of the fund from, any person to whom it is unlawful to make such offer.

Appendix

Financial Highlights

Financial Highlights are intended to help you understand the financial history of fund shares for the past 5 years (or, if shorter, the period of operations). Certain information reflects financial results for a single share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in shares (assuming reinvestment of all dividends and distributions). The annual information has been audited by Deloitte & Touche LLP, independent registered public accounting firm, whose report(s), along with fund financial statements, is included in the annual report. Annual reports are available for free upon request.

Fidelity® Sustainable Multi-Asset Fund

Years ended September 30,		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	10.00
Income from Investment Operations
Net investment income (loss) B,C		.03
Net realized and unrealized gain (loss)		(2.23)
Total from investment operations		(2.20)
Net asset value, end of period	$	7.80

Total Return D,E		(22.00)%

Ratios to Average Net Assets F,G,C
Expenses before reductions		.10% H
Expenses net of fee waivers, if any		.05% H
Expenses net of all reductions		.05% H
Net investment income (loss)		.55% H
Supplemental Data
Net assets, end of period (000 omitted)	$	4,010
Portfolio turnover rate I		111% H

A For the period February 10, 2022 (commencement of operations) through September 30, 2022.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses.

H Annualized.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT

For a free copy of any of these documents or to request other information or ask questions about the fund, call Fidelity at 1-800-544-8544. In addition, you may visit Fidelity's web site at www.fidelity.com for a free copy of a prospectus, SAI, or annual or semi-annual report or to request other information.

Investment Company Act of 1940, File Number(s), 811-03221

1.9904614.102

MAF-PRO-1122

	Class A	Class M	Class C	Class I	Class Z
Maximum sales charge (load) on purchases (as a % of offering price)	5.75 %	3.50 %	None	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None A	None A	1.00 % B	None	None

	Class A	Class M	Class C	Class I	Class Z
Management fee	0.40 %	0.40 %	0.40 %	0.40 %	0.40 %
Distribution and/or Service (12b-1) fees	0.25 %	0.50 %	1.00 %	None	None
Other expenses	0.17 %	0.17 %	0.17 %	0.16 %	0.08 %
Total annual operating expenses	0.82 % A	1.07 % A	1.57 %	0.56 % A	0.48 % A

	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	$	654	$	654	$	455	$	455	$	260	$	160	$	57	$	57	$	49	$	49
3 years	$	822	$	822	$	678	$	678	$	496	$	496	$	179	$	179	$	154	$	154
5 years	$	1,004	$	1,004	$	919	$	919	$	855	$	855	$	313	$	313	$	269	$	269
10 years	$	1,530	$	1,530	$	1,610	$	1,610	$	1,666	$	1,666	$	701	$	701	$	604	$	604

For the periods ended December 31, 2021	Past 1 year	Past 5 years	Past 10 years
Class A - Return Before Taxes	- 2.24 %	4.08 %	3.92 %
Return After Taxes on Distributions	- 2.71 %	3.17 %	2.94 %
- Return After Taxes on Distributions and Sale of Fund Shares	- 1.27 %	2.82 %	2.71 %
Class M - Return Before Taxes	- 0.14 %	4.30 %	3.89 %
Class C - Return Before Taxes	1.96 %	4.52 %	3.90 %
Class I - Return Before Taxes	3.97 %	5.59 %	4.80 %
Class Z - Return Before Taxes	4.14 %	6.28 % A	-
Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	- 1.54 %	3.57 %	2.90 %
Fidelity Asset Manager 20% Composite Index℠ (reflects no deduction for fees or expenses)	3.05 %	5.32 %	4.48 %

	Class A	Class M	Class C	Class I	Class Z
Maximum sales charge (load) on purchases (as a % of offering price)	5.75 %	3.50 %	None	None	None
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	None A	None A	1.00 % B	None	None

During the periods shown in the chart for Class A:	Returns	Quarter ended
Highest Quarter Return	7.38 %	June 30, 2020
Lowest Quarter Return	- 5.46 %	March 31, 2020
Year-to-Date Return	- 12.84 %	September 30, 2022

Sales Charges and Concessions - Class A
Sales Charge
	As a % of offering price (a)	As an approximate % of net amount invested (a)	Investment professional concession as % of offering price
Less than $50,000 (b)	5.75%	6.10%	5.00%
$50,000 but less than $100,000	4.50%	4.71%	3.75%
$100,000 but less than $250,000	3.50%	3.63%	2.75%
$250,000 but less than $500,000	2.50%	2.56%	2.00%
$500,000 but less than $1,000,000	2.00%	2.04%	1.75%
$1,000,000 but less than $4,000,000	None	None	1.00% (c)
$4,000,000 but less than $25,000,000	None	None	0.50% (c)
$25,000,000 or more	None	None	0.25% (c)

Sales Charges and Concessions - Class M
Sales Charge
	As a % of offering price (a)	As an approximate % of net amount invested (a)	Investment professional concession as % of offering price
Less than $50,000 (b)	3.50%	3.63%	3.00%
$50,000 but less than $100,000	3.00%	3.09%	2.50%
$100,000 but less than $250,000	2.50%	2.56%	2.00%
$250,000 but less than $500,000	1.50%	1.52%	1.25%
$500,000 but less than $1,000,000	1.00%	1.01%	0.75%
$1,000,000 or more	None	None	0.25% (c)

Management fee	0.35 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.00 %
Acquired fund fees and expenses	0.02 %
Total annual operating expenses A	0.37 %

Fund	Ticker
Fidelity® Health Savings Fund Class Fidelity® Health Savings Fund FHLSX
Fidelity® Health Savings Index Fund	FHSNX

Management fee	0.45 %
Distribution and/or Service (12b-1) fees	None
Other expenses	0.00 %
Acquired fund fees and expenses	0.02 %
Total annual operating expenses A	0.47 %

Fund/Class	Ticker
Fidelity Asset Manager® 20%/Fidelity Asset Manager® 20%	FASIX
Fidelity Asset Manager® 30%/Fidelity Asset Manager® 30%	FTANX
Fidelity Asset Manager® 40%/Fidelity Asset Manager® 40%	FFANX
Fidelity Asset Manager® 50%/Fidelity Asset Manager® 50%	FASMX
Fidelity Asset Manager® 60%/Fidelity Asset Manager® 60%	FSANX
Fidelity Asset Manager® 70%/Fidelity Asset Manager® 70%	FASGX
Fidelity Asset Manager® 85%/Fidelity Asset Manager® 85%	FAMRX

Turnover Rates	2022	2021
Fidelity Asset Manager® 20%	22%	25%
Fidelity Asset Manager® 30%	23%	18%
Fidelity Asset Manager® 40%	16%	22%
Fidelity Asset Manager® 50%	20%	17%
Fidelity Asset Manager® 60%	23%	19%
Fidelity Asset Manager® 70%	23%	20%
Fidelity Asset Manager® 85%	27%	18%

Fund	Fiscal Year Ended		Dollar Amount	Percentage of Average Net Assets
Fidelity Asset Manager® 20%	2022	$	89,843	0.00%
	2021	$	57,697	0.00%
	2020	$	105,614	0.00%
Fidelity Asset Manager® 30%	2022	$	38,677	0.00%
	2021	$	27,693	0.00%
	2020	$	45,770	0.00%
Fidelity Asset Manager® 40%	2022	$	36,219	0.00%
	2021	$	25,268	0.00%
	2020	$	49,293	0.00%
Fidelity Asset Manager® 50%	2022	$	153,182	0.00%
	2021	$	130,038	0.00%
	2020	$	250,411	0.00%
Fidelity Asset Manager® 60%	2022	$	58,282	0.00%
	2021	$	52,557	0.00%
	2020	$	107,802	0.00%
Fidelity Asset Manager® 70%	2022	$	94,428	0.00%
	2021	$	96,478	0.00%
	2020	$	201,635	0.00%
Fidelity Asset Manager® 85%	2022	$	52,369	0.00%
	2021	$	52,309	0.00%
	2020	$	116,586	0.00%

Fund(s)	Fiscal Year Ended	Broker	Affiliated With	C	ommissions	Percentage of Aggregate Brokerage Commissions	Percentage of Aggregate Dollar Amount of Brokerage Transactions
Fidelity Asset Manager® 20%	2022	FCM	FMR LLC	$	23	0.03%	0.01%
	2022	Luminex	FMR LLC	$	0	0.00%	0.00%
	2021	FCM	FMR LLC	$	32
	2021	Luminex	FMR LLC	$	0
	2020	FCM	FMR LLC	$	1,677
	2020	Luminex	FMR LLC	$	0
Fidelity Asset Manager® 30%	2022	FCM	FMR LLC	$	10	0.03%	0.01%
	2022	Luminex	FMR LLC	$	0	0.00%	0.00%
	2021	FCM	FMR LLC	$	19
	2021	Luminex	FMR LLC	$	0
	2020	FCM	FMR LLC	$	143
	2020	Luminex	FMR LLC	$	0
Fidelity Asset Manager® 40%	2022	FCM	FMR LLC	$	8	0.02%	0.01%
	2022	Luminex	FMR LLC	$	0	0.00%	0.00%
	2021	FCM	FMR LLC	$	20
	2021	Luminex	FMR LLC	$	0
	2020	FCM	FMR LLC	$	146
	2020	Luminex	FMR LLC	$	0
Fidelity Asset Manager® 50%	2022	FCM	FMR LLC	$	38	0.02%	0.01%
	2022	Luminex	FMR LLC	$	0	0.00%	0.00%
	2021	FCM	FMR LLC	$	1,460
	2021	Luminex	FMR LLC	$	0
	2020	FCM	FMR LLC	$	1,086
	2020	Luminex	FMR LLC	$	0
Fidelity Asset Manager® 60%	2022	FCM	FMR LLC	$	15	0.03%	0.01%
	2022	Luminex	FMR LLC	$	0	0.00%	0.00%
	2021	FCM	FMR LLC	$	1,013
	2021	Luminex	FMR LLC	$	0
	2020	FCM	FMR LLC	$	1,245
	2020	Luminex	FMR LLC	$	0
Fidelity Asset Manager® 70%	2022	FCM	FMR LLC	$	11	0.01%	0.00%
	2022	Luminex	FMR LLC	$	0	0.00%	0.00%
	2021	FCM	FMR LLC	$	2,234
	2021	Luminex	FMR LLC	$	0
	2020	FCM	FMR LLC	$	2,080
	2020	Luminex	FMR LLC	$	0
Fidelity Asset Manager® 85%	2022	FCM	FMR LLC	$	0	0.00%	0.00%
	2022	Luminex	FMR LLC	$	0	0.00%	0.00%
	2021	FCM	FMR LLC	$	1,301
	2021	Luminex	FMR LLC	$	0
	2020	FCM	FMR LLC	$	1,486
	2020	Luminex	FMR LLC	$	0

COMMITTEE	NUMBER OF MEETINGS HELD
Operations Committee	8
Audit Committee	5
Fair Valuation Committee	4
Governance and Nominating Committee	12

DOLLAR RANGE OF FUND SHARES	Abigail P Johnson	Jennifer Toolin McAuliffe
Fidelity Asset Manager® 20%	none	none
Fidelity Asset Manager® 30%	none	none
Fidelity Asset Manager® 40%	none	none
Fidelity Asset Manager® 50%	none	none
Fidelity Asset Manager® 60%	none	over $100,000
Fidelity Asset Manager® 70%	none	none
Fidelity Asset Manager® 85%	none	none
AGGREGATE DOLLAR RANGE OF FUND SHARES IN ALL FUNDS OVERSEEN WITHIN FUND FAMILY	over $100,000	over $100,000

DOLLAR RANGE OF FUND SHARES	Elizabeth Acton	Ann Dunwoody	John Engler	Robert Gartland
Fidelity Asset Manager® 20%	none	none	none	none
Fidelity Asset Manager® 30%	over $100,000	none	none	none
Fidelity Asset Manager® 40%	none	none	none	none
Fidelity Asset Manager® 50%	none	none	none	none
Fidelity Asset Manager® 60%	none	over $100,000	none	over $100,000
Fidelity Asset Manager® 70%	none	none	none	none
Fidelity Asset Manager® 85%	none	none	none	none
AGGREGATE DOLLAR RANGE OF FUND SHARES IN ALL FUNDS OVERSEEN WITHIN FUND FAMILY	over $100,000	over $100,000	over $100,000	over $100,000

DOLLAR RANGE OF FUND SHARES	Arthur Johnson	Michael Kenneally	Marie Knowles	Mark Murray
Fidelity Asset Manager® 20%	none	none	none	none
Fidelity Asset Manager® 30%	none	none	none	none
Fidelity Asset Manager® 40%	none	none	none	none
Fidelity Asset Manager® 50%	none	none	none	none
Fidelity Asset Manager® 60%	none	none	none	none
Fidelity Asset Manager® 70%	none	none	none	none
Fidelity Asset Manager® 85%	none	none	none	none
AGGREGATE DOLLAR RANGE OF FUND SHARES IN ALL FUNDS OVERSEEN WITHIN FUND FAMILY	over $100,000	over $100,000	over $100,000	over $100,000

AGGREGATE COMPENSATION FROM A FUND		Elizabeth Acton		Laura Bishop (B)		Ann Dunwoody		John Engler
Fidelity Asset Manager® 20%	$	1,809	$	148	$	1,602	$	1,597
Fidelity Asset Manager® 30%	$	776	$	61	$	687	$	685
Fidelity Asset Manager® 40%	$	719	$	60	$	637	$	635
Fidelity Asset Manager® 50%	$	3,129	$	252	$	2,771	$	2,762
Fidelity Asset Manager® 60%	$	1,199	$	99	$	1,062	$	1,058
Fidelity Asset Manager® 70%	$	1,916	$	158	$	1,697	$	1,691
Fidelity Asset Manager® 85%	$	1,077	$	89	$	954	$	951
TOTAL COMPENSATION FROM THE FUND COMPLEX (C)	$	517,500		-	$	472,500	$	472,500

AGGREGATE COMPENSATION FROM A FUND		Robert Gartland		Robert Helm (D)		Arthur Johnson		Michael Kenneally
Fidelity Asset Manager® 20%	$	1,825	$	1,602	$	1,602	$	1,990
Fidelity Asset Manager® 30%	$	783	$	687	$	687	$	854
Fidelity Asset Manager® 40%	$	725	$	637	$	637	$	791
Fidelity Asset Manager® 50%	$	3,157	$	2,771	$	2,771	$	3,443
Fidelity Asset Manager® 60%	$	1,210	$	1,062	$	1,062	$	1,320
Fidelity Asset Manager® 70%	$	1,933	$	1,697	$	1,697	$	2,108
Fidelity Asset Manager® 85%	$	1,087	$	954	$	954	$	1,185
TOTAL COMPENSATION FROM THE FUND COMPLEX (C)	$	502,500	$	275,333	$	560,000	$	552,500

Fund or Class Name	Owner Name	City	State	Ownership %
Fidelity Advisor Asset Manager® 20% - Class A	PERSHING LLC	JERSEY CITY	NJ	11.17%
Fidelity Advisor Asset Manager® 20% - Class A	J P MORGAN SECURITIES INC	BROOKLYN	NY	9.09%
Fidelity Advisor Asset Manager® 20% - Class A	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	7.19%
Fidelity Advisor Asset Manager® 20% - Class A	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	6.85%
Fidelity Advisor Asset Manager® 20% - Class A	FIRST CLEARING LLC	SAINT LOUIS	MO	5.20%
Fidelity Advisor Asset Manager® 20% - Class C	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	15.69%
Fidelity Advisor Asset Manager® 20% - Class C	PERSHING LLC	JERSEY CITY	NJ	9.85%
Fidelity Advisor Asset Manager® 20% - Class C	J P MORGAN SECURITIES INC	BROOKLYN	NY	8.64%
Fidelity Advisor Asset Manager® 20% - Class I	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	22.91%
Fidelity Advisor Asset Manager® 20% - Class I	PERSHING LLC	JERSEY CITY	NJ	18.49%
Fidelity Advisor Asset Manager® 20% - Class I	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	11.81%
Fidelity Advisor Asset Manager® 20% - Class M	FIRST CLEARING LLC	SAINT LOUIS	MO	12.93%
Fidelity Advisor Asset Manager® 20% - Class Z	FIDELITY CHARITABLE GIFT FUND℠ - CONSERVATIVE INCOME POOL	BOSTON	MA	99.23%
Fidelity Advisor Asset Manager® 30% - Class A	PERSHING LLC	JERSEY CITY	NJ	13.04%
Fidelity Advisor Asset Manager® 30% - Class A	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	10.71%
Fidelity Advisor Asset Manager® 30% - Class A	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	10.18%
Fidelity Advisor Asset Manager® 30% - Class C	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	19.43%
Fidelity Advisor Asset Manager® 30% - Class C	FIRST CLEARING LLC	SAINT LOUIS	MO	14.68%
Fidelity Advisor Asset Manager® 30% - Class C	PERSHING LLC	JERSEY CITY	NJ	12.98%
Fidelity Advisor Asset Manager® 30% - Class C	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	12.39%
Fidelity Advisor Asset Manager® 30% - Class I	PERSHING LLC	JERSEY CITY	NJ	26.49%
Fidelity Advisor Asset Manager® 30% - Class I	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	20.32%
Fidelity Advisor Asset Manager® 30% - Class I	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	13.38%
Fidelity Advisor Asset Manager® 30% - Class M	SAMMONS FINANCIAL NETWORK LLC	WEST DES MOINES	IA	38.26%
Fidelity Advisor Asset Manager® 30% - Class Z	FIDELITY CHARITABLE GIFT FUND℠ - INCOME POOL	BOSTON	MA	97.72%
Fidelity Advisor Asset Manager® 40% - Class A	PERSHING LLC	JERSEY CITY	NJ	12.88%
Fidelity Advisor Asset Manager® 40% - Class A	ADP BROKERDEALER INC	BOSTON	MA	12.67%
Fidelity Advisor Asset Manager® 40% - Class A	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	12.42%
Fidelity Advisor Asset Manager® 40% - Class A	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	5.17%
Fidelity Advisor Asset Manager® 40% - Class C	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	21.25%
Fidelity Advisor Asset Manager® 40% - Class C	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	14.72%
Fidelity Advisor Asset Manager® 40% - Class C	PERSHING LLC	JERSEY CITY	NJ	11.23%
Fidelity Advisor Asset Manager® 40% - Class C	FIRST CLEARING LLC	SAINT LOUIS	MO	6.94%
Fidelity Advisor Asset Manager® 40% - Class C	J P MORGAN SECURITIES INC	BROOKLYN	NY	5.49%
Fidelity Advisor Asset Manager® 40% - Class I	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	25.28%
Fidelity Advisor Asset Manager® 40% - Class I	IDAHO TRUST BANK	BOISE	ID	10.05%
Fidelity Advisor Asset Manager® 40% - Class I	PERSHING LLC	JERSEY CITY	NJ	7.92%
Fidelity Advisor Asset Manager® 40% - Class I	EFC FINANCIAL SERVICES LLC	FARGO	ND	6.73%
Fidelity Advisor Asset Manager® 40% - Class I	NYL BENEFITS SERVICES	WESTWOOD	MA	6.47%
Fidelity Advisor Asset Manager® 40% - Class I	FIRST CLEARING LLC	SAINT LOUIS	MO	5.74%
Fidelity Advisor Asset Manager® 40% - Class I	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	5.26%
Fidelity Advisor Asset Manager® 40% - Class M	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	7.42%
Fidelity Advisor Asset Manager® 40% - Class M	GREAT WEST LIFE AND ANNUITY	GREENWOOD VILLAGE	CO	6.05%
Fidelity Advisor Asset Manager® 40% - Class Z	FIDELITY CHARITABLE GIFT FUND℠ - MODERATE INCOME POOL	BOSTON	MA	96.43%
Fidelity Advisor Asset Manager® 50% - Class A	PERSHING LLC	JERSEY CITY	NJ	12.82%
Fidelity Advisor Asset Manager® 50% - Class A	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	10.52%
Fidelity Advisor Asset Manager® 50% - Class A	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	5.89%
Fidelity Advisor Asset Manager® 50% - Class C	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	14.07%
Fidelity Advisor Asset Manager® 50% - Class C	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	11.02%
Fidelity Advisor Asset Manager® 50% - Class C	PERSHING LLC	JERSEY CITY	NJ	9.82%
Fidelity Advisor Asset Manager® 50% - Class C	FIRST CLEARING LLC	SAINT LOUIS	MO	6.81%
Fidelity Advisor Asset Manager® 50% - Class C	MORGAN STANLEY SMITH BARNEY	NEW YORK	NY	5.57%
Fidelity Advisor Asset Manager® 50% - Class I	PERSHING LLC	JERSEY CITY	NJ	24.54%
Fidelity Advisor Asset Manager® 50% - Class I	MORGAN STANLEY SMITH BARNEY	NEW YORK	NY	8.98%
Fidelity Advisor Asset Manager® 50% - Class I	IDAHO TRUST BANK	BOISE	ID	7.43%
Fidelity Advisor Asset Manager® 50% - Class M	SAMMONS FINANCIAL NETWORK LLC	WEST DES MOINES	IA	30.44%
Fidelity Advisor Asset Manager® 50% - Class Z	FIDELITY CHARITABLE GIFT FUND℠ - BALANCED POOL	BOSTON	MA	98.13%
Fidelity Advisor Asset Manager® 60% - Class A	PERSHING LLC	JERSEY CITY	NJ	14.82%
Fidelity Advisor Asset Manager® 60% - Class A	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	9.11%
Fidelity Advisor Asset Manager® 60% - Class C	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	9.79%
Fidelity Advisor Asset Manager® 60% - Class C	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	8.50%
Fidelity Advisor Asset Manager® 60% - Class C	PERSHING LLC	JERSEY CITY	NJ	8.19%
Fidelity Advisor Asset Manager® 60% - Class I	CHET ADVISOR 529 ASSET MANAGER 60% PORTFOLIO	MERRIMACK	NH	35.93%
Fidelity Advisor Asset Manager® 60% - Class I	NEW HAMPSHIRE HIGHER EDUCATION SAVINGS PLAN TRUST	MERRIMACK	NH	19.26%
Fidelity Advisor Asset Manager® 60% - Class I	PERSHING LLC	JERSEY CITY	NJ	7.47%
Fidelity Advisor Asset Manager® 60% - Class I	EFC FINANCIAL SERVICES LLC	FARGO	ND	5.46%
Fidelity Advisor Asset Manager® 60% - Class I	CHARLES SCHWAB CO INC	SAN FRANCISCO	CA	5.24%
Fidelity Advisor Asset Manager® 60% - Class M	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	7.10%
Fidelity Advisor Asset Manager® 60% - Class M	PERSHING LLC	JERSEY CITY	NJ	5.54%
Fidelity Advisor Asset Manager® 60% - Class Z	FIDELITY CHARITABLE GIFT FUND℠ - MODERATE GROWTH POOL	BOSTON	MA	97.37%
Fidelity Advisor Asset Manager® 70% - Class A	PERSHING LLC	JERSEY CITY	NJ	14.74%
Fidelity Advisor Asset Manager® 70% - Class A	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	6.93%
Fidelity Advisor Asset Manager® 70% - Class C	PERSHING LLC	JERSEY CITY	NJ	16.77%
Fidelity Advisor Asset Manager® 70% - Class C	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	13.85%
Fidelity Advisor Asset Manager® 70% - Class C	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	7.30%
Fidelity Advisor Asset Manager® 70% - Class C	FIRST CLEARING LLC	SAINT LOUIS	MO	5.80%
Fidelity Advisor Asset Manager® 70% - Class I	PERSHING LLC	JERSEY CITY	NJ	8.83%
Fidelity Advisor Asset Manager® 70% - Class I	EFC FINANCIAL SERVICES LLC	FARGO	ND	8.34%
Fidelity Advisor Asset Manager® 70% - Class I	IDAHO TRUST BANK	BOISE	ID	5.45%
Fidelity Advisor Asset Manager® 70% - Class M	SAMMONS FINANCIAL NETWORK LLC	WEST DES MOINES	IA	24.68%
Fidelity Advisor Asset Manager® 70% - Class Z	FIDELITY CHARITABLE GIFT FUND℠ - GROWTH POOL	BOSTON	MA	98.02%
Fidelity Advisor Asset Manager® 85% - Class A	PERSHING LLC	JERSEY CITY	NJ	28.72%
Fidelity Advisor Asset Manager® 85% - Class A	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	7.48%
Fidelity Advisor Asset Manager® 85% - Class C	AMERIPRISE FINANCIAL SERVICES INC	MINNEAPOLIS	MN	23.51%
Fidelity Advisor Asset Manager® 85% - Class C	PERSHING LLC	JERSEY CITY	NJ	14.77%
Fidelity Advisor Asset Manager® 85% - Class C	LPL FINANCIAL CORPORATION	SAN DIEGO	CA	6.99%
Fidelity Advisor Asset Manager® 85% - Class I	EFC FINANCIAL SERVICES LLC	FARGO	ND	23.96%
Fidelity Advisor Asset Manager® 85% - Class I	RAYMOND JAMES ASSOCIATES INC	SAINT PETERSBURG	FL	5.31%
Fidelity Advisor Asset Manager® 85% - Class M	SAMMONS FINANCIAL NETWORK LLC	WEST DES MOINES	IA	21.62%
Fidelity Advisor Asset Manager® 85% - Class Z	FIDELITY CHARITABLE GIFT FUND℠ - AGGRESSIVE GROWTH POOL	BOSTON	MA	95.65%

GROUP FEE RATE SCHEDULE				EFFECTIVE ANNUAL FEE RATES
Average Group Assets			Annualized Rate	Group Net Assets	Effective Annual Fee Rate
0	-	$3 billion	.3700%	$1 billion	.3700%
3	-	6	.3400	50	.2188
6	-	9	.3100	100	.1869
9	-	12	.2800	150	.1736
12	-	15	.2500	200	.1652
15	-	18	.2200	250	.1587
18	-	21	.2000	300	.1536
21	-	24	.1900	350	.1494
24	-	30	.1800	400	.1459
30	-	36	.1750	450	.1427
36	-	42	.1700	500	.1399
42	-	48	.1650	550	.1372
48	-	66	.1600	600	.1349
66	-	84	.1550	650	.1328
84	-	120	.1500	700	.1309
120	-	156	.1450	750	.1291
156	-	192	.1400	800	.1275
192	-	228	.1350	850	.1260
228	-	264	.1300	900	.1246
264	-	300	.1275	950	.1233
300	-	336	.1250	1,000	.1220
336	-	372	.1225	1,050	.1209
372	-	408	.1200	1,100	.1197
408	-	444	.1175	1,150	.1187
444	-	480	.1150	1,200	.1177
480	-	516	.1125	1,250	.1167
516	-	587	.1100	1,300	.1158
587	-	646	.1080	1,350	.1149
646	-	711	.1060	1,400	.1141
711	-	782	.1040	1,450	.1132
782	-	860	.1020	1,500	.1125
860	-	946	.1000	1,550	.1117
946	-	1,041	.0980	1,600	.1110
1,041	-	1,145	.0960	1,650	.1103
1,145	-	1,260	.0940	1,700	.1096
1,260	-	1,386	.0920	1,750	.1089
1,386	-	1,525	.0900	1,800	.1083
1,525	-	1,677	.0880	1,850	.1077
1,677	-	1,845	.0860	1,900	.1070
1,845	-	2,030	.0840	1,950	.1065
Over		2,030	.0820	2,000	.1059

Fund(s)	Fiscal Years Ended		Management Fees Paid to Investment Adviser
Fidelity Asset Manager® 20%	2022	$	24,997,393
	2021	$	24,156,236
	2020	$	21,301,463
Fidelity Asset Manager® 30%	2022	$	10,649,704
	2021	$	10,064,501
	2020	$	7,617,933
Fidelity Asset Manager® 40%	2022	$	9,930,335
	2021	$	9,383,878
	2020	$	7,697,667
Fidelity Asset Manager® 50%	2022	$	51,396,927
	2021	$	52,351,755
	2020	$	45,444,221
Fidelity Asset Manager® 60%	2022	$	21,869,544
	2021	$	20,663,254
	2020	$	16,795,031
Fidelity Asset Manager® 70%	2022	$	34,865,746
	2021	$	34,265,502
	2020	$	28,558,408
Fidelity Asset Manager® 85%	2022	$	19,626,981
	2021	$	18,346,224
	2020	$	14,049,614

	Registered Investment Companies *	Other Pooled Investment Vehicles	Other Accounts
Number of Accounts Managed	19	1	2
Number of Accounts Managed with Performance-Based Advisory Fees	none	none	none
Assets Managed (in millions)	$45,391	$16	$5
Assets Managed with Performance-Based Advisory Fees (in millions)	none	none	none

Security Lending Activities		Fund(s)
		Fidelity Asset Manager® 20%		Fidelity Asset Manager® 30%		Fidelity Asset Manager® 40%		Fidelity Asset Manager® 50%
Gross income from securities lending activities	$	27,897	$	29,198	$	37,832	$	143,326
Fees paid to securities lending agent from a revenue split	$	0	$	0	$	0	$	0
Administrative fees	$	0	$	0	$	0	$	0
Rebate (paid to borrower)	$	17,780	$	21,397	$	26,716	$	4,445
Other fees not included in the revenue split (lending agent fees to NFS)	$	983	$	699	$	1,083	$	13,420
Aggregate fees/compensation for securities lending activities	$	18,763	$	22,096	$	27,798	$	17,866
Net income from securities lending activities	$	9,134	$	7,102	$	10,034	$	125,460

		Sales Charge Revenue		CDSC Revenue
Fund	Fiscal Year Ended	Amount Paid to FDC	Amount Retained By FDC	Amount Paid to FDC	Amount Retained By FDC
Fidelity Advisor Asset Manager® 20% - Class A	2022	$38,826	$19,215	$606	$606
	2021	$57,220	$26,980	$21	$21
	2020	$52,322	$21,873	$193	$193
Fidelity Advisor Asset Manager® 20% - Class M	2022	$9,349	$1,869	$6	$6
	2021	$12,154	$3,142	$1	$1
	2020	$23,542	$8,246	$4	$4
Fidelity Advisor Asset Manager® 20% - Class C	2022	$-	$-	$1,889	$1,889
	2021	$-	$-	$1,520	$1,520
	2020	$-	$-	$4,907	$4,907
Fidelity Advisor Asset Manager® 30% - Class A	2022	$60,357	$29,064	$47	$47
	2021	$89,632	$54,545	$1,085	$1,085
	2020	$51,613	$25,740	$18	$18
Fidelity Advisor Asset Manager® 30% - Class M	2022	$19,461	$3,944	$6	$6
	2021	$10,982	$3,784	$3	$3
	2020	$8,163	$2,410	$-	$-
Fidelity Advisor Asset Manager® 30% - Class C	2022	$-	$-	$133	$133
	2021	$-	$-	$2,097	$2,097
	2020	$-	$-	$2,626	$2,626
Fidelity Advisor Asset Manager® 40% - Class A	2022	$61,680	$34,614	$74	$74
	2021	$54,238	$27,086	$134	$134
	2020	$54,930	$34,272	$108	$108
Fidelity Advisor Asset Manager® 40% - Class M	2022	$15,033	$3,807	$23	$23
	2021	$16,629	$5,146	$6	$6
	2020	$10,111	$3,406	$5	$5
Fidelity Advisor Asset Manager® 40% - Class C	2022	$-	$-	$1,042	$1,042
	2021	$-	$-	$2,640	$2,640
	2020	$-	$-	$1,409	$1,409
Fidelity Advisor Asset Manager® 50% - Class A	2022	$97,219	$38,768	$239	$239
	2021	$132,715	$63,380	$233	$233
	2020	$82,500	$23,407	$148	$148
Fidelity Advisor Asset Manager® 50% - Class M	2022	$43,743	$9,958	$7	$7
	2021	$61,302	$15,485	$4	$4
	2020	$43,384	$10,110	$1	$1
Fidelity Advisor Asset Manager® 50% - Class C	2022	$-	$-	$409	$409
	2021	$-	$-	$5,801	$5,801
	2020	$-	$-	$4,798	$4,798
Fidelity Advisor Asset Manager® 60% - Class A	2022	$118,852	$45,440	$92	$92
	2021	$144,368	$48,531	$386	$386
	2020	$134,128	$46,491	$121	$121
Fidelity Advisor Asset Manager® 60% - Class M	2022	$40,732	$8,415	$65	$65
	2021	$35,688	$7,930	$27	$27
	2020	$34,163	$7,515	$12	$12
Fidelity Advisor Asset Manager® 60% - Class C	2022	$-	$-	$2,410	$2,410
	2021	$-	$-	$4,508	$4,508
	2020	$-	$-	$4,502	$4,502
Fidelity Advisor Asset Manager® 70% - Class A	2022	$218,134	$86,254	$264	$264
	2021	$216,269	$89,481	$230	$230
	2020	$208,452	$75,665	$408	$408
Fidelity Advisor Asset Manager® 70% - Class M	2022	$39,423	$9,053	$60	$60
	2021	$48,214	$11,989	$26	$26
	2020	$41,267	$10,373	$28	$28
Fidelity Advisor Asset Manager® 70% - Class C	2022	$-	$-	$1,930	$1,930
	2021	$-	$-	$2,826	$2,826
	2020	$-	$-	$5,062	$5,062
Fidelity Advisor Asset Manager® 85% - Class A	2022	$364,117	$180,273	$163	$163
	2021	$361,055	$159,779	$570	$570
	2020	$353,643	$132,326	$-	$-
Fidelity Advisor Asset Manager® 85% - Class M	2022	$49,427	$11,012	$163	$163
	2021	$39,206	$9,049	$22	$22
	2020	$41,399	$9,065	$25	$25
Fidelity Advisor Asset Manager® 85% - Class C	2022	$-	$-	$854	$854
	2021	$-	$-	$3,975	$3,975
	2020	$-	$-	$6,972	$6,972

Fund(s)		Distribution Fees Paid to FDC		Distribution Fees Paid by FDC to Intermediaries		Distribution Fees Retained by FDC (A)		Service Fees Paid to FDC		Service Fees Paid by FDC to Intermediaries		Service Fees Retained by FDC (A)
Fidelity Advisor Asset Manager® 20% - Class A		-		-		-	$	155,776	$	144,230	$	11,546
Fidelity Advisor Asset Manager® 20% - Class M	$	75,603	$	75,405	$	198	$	75,603	$	75,406	$	197
Fidelity Advisor Asset Manager® 20% - Class C	$	186,015	$	137,839	$	48,176	$	62,005	$	45,946	$	16,059
Fidelity Advisor Asset Manager® 30% - Class A		-		-		-	$	197,980	$	185,277	$	12,703
Fidelity Advisor Asset Manager® 30% - Class M	$	64,133	$	64,133		-	$	64,133	$	64,133		-
Fidelity Advisor Asset Manager® 30% - Class C	$	224,835	$	160,109	$	64,726	$	74,945	$	53,369	$	21,576
Fidelity Advisor Asset Manager® 40% - Class A		-		-		-	$	192,840	$	189,179	$	3,661
Fidelity Advisor Asset Manager® 40% - Class M	$	35,304	$	35,258	$	46	$	35,304	$	35,257	$	47
Fidelity Advisor Asset Manager® 40% - Class C	$	185,340	$	145,415	$	39,925	$	61,780	$	48,472	$	13,308
Fidelity Advisor Asset Manager® 50% - Class A		-		-		-	$	323,429	$	313,675	$	9,754
Fidelity Advisor Asset Manager® 50% - Class M	$	140,289	$	140,289		-	$	140,289	$	140,289		-
Fidelity Advisor Asset Manager® 50% - Class C	$	325,255	$	246,073	$	79,182	$	108,418	$	82,025	$	26,393
Fidelity Advisor Asset Manager® 60% - Class A		-		-		-	$	403,989	$	397,196	$	6,793
Fidelity Advisor Asset Manager® 60% - Class M	$	128,076	$	128,049	$	27	$	128,076	$	128,049	$	27
Fidelity Advisor Asset Manager® 60% - Class C	$	349,722	$	288,902	$	60,820	$	116,574	$	96,301	$	20,273
Fidelity Advisor Asset Manager® 70% - Class A		-		-		-	$	525,720	$	520,318	$	5,402
Fidelity Advisor Asset Manager® 70% - Class M	$	191,478	$	190,951	$	527	$	191,478	$	190,952	$	526
Fidelity Advisor Asset Manager® 70% - Class C	$	280,947	$	232,919	$	48,028	$	93,649	$	77,640	$	16,009
Fidelity Advisor Asset Manager® 85% - Class A		-		-		-	$	474,490	$	470,702	$	3,788
Fidelity Advisor Asset Manager® 85% - Class M	$	129,406	$	129,228	$	178	$	129,406	$	129,229	$	177
Fidelity Advisor Asset Manager® 85% - Class C	$	339,647	$	277,325	$	62,322	$	113,216	$	92,442	$	20,774

Turnover Rates	2022
Moderate with Income Allocation Fund (A)	11% (B)
Balanced Allocation Fund (A)	12% (B)
Growth Allocation Fund (A)	34% (B)
Aggressive Growth Allocation Fund (A)	14% (B)

Fund(s)	Fiscal Years Ended		Amount of Waivers Reducing Management Fees		Management Fees Paid to Investment Adviser
Moderate with Income Allocation Fund	2022 (A)	$	89	$	89
Balanced Allocation Fund	2022 (A)	$	135	$	135
Growth Allocation Fund	2022 (A)	$	184	$	184
Aggressive Growth Allocation Fund	2022 (A)	$	191	$	191

Fund/Class	Ticker
Fidelity® Sustainable Multi-Asset Fund/Fidelity® Sustainable Multi-Asset Fund	FYMRX

Domestic Equity Funds	Investment Objective and Principal Investment Strategies
Fidelity® Sustainable U.S. Equity ETF	The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Normally investing at least 80% of assets in equity securities of U.S. companies that Fidelity Management & Research Company LLC (FMR) believes have proven or improving sustainability practices based on an evaluation of such companies' individual environmental, social, and governance (ESG) profile.
Fidelity® U.S. Sustainability Index Fund	The fund seeks to provide investment results that correspond to the total return of the MSCI USA ESG Leaders Index. Normally investing at least 80% of assets in securities included in the MSCI USA ESG Leaders Index, which represents the performance of stocks of large- to mid-capitalization U.S. companies with high environmental, social, and governance (ESG) performance relative to their sector peers, as rated by MSCI ESG Research.

Developed International Equity Funds	Investment Objective and Principal Investment Strategies
Fidelity® International Sustainability Index Fund	The fund seeks to provide investment results that correspond to the total return of the MSCI ACWI (All Country World Index) ex USA ESG Leaders Index. Normally investing at least 80% of assets in securities included in the MSCI ACWI (All Country World Index) ex USA ESG Leaders Index and in depositary receipts representing securities included in the index. The MSCI ACWI (All Country World Index) ex USA ESG Leaders Index is a capitalization-weighted index that provides exposure to companies with high environmental, social, and governance (ESG) performance relative to their sector peers, as rated by MSCI ESG Research. The MSCI ACWI (All Country World Index) ex USA ESG Leaders Index consists of large- and mid-cap companies across developed and emerging markets, excluding the United States.
Fidelity® Sustainable International Equity Fund	The fund seeks long-term growth of capital. Normally investing at least 80% of assets in equity securities of companies that Fidelity Management & Research Company LLC (FMR) believes have proven or improving sustainability practices based on an evaluation of such companies' individual environmental, social, and governance (ESG) profile. Normally investing primarily in non-U.S. securities.

Investment Grade Bond Funds	Investment Objective and Principal Investment Strategies
Fidelity® Sustainability Bond Index Fund	The fund seeks to provide investment results that correspond to the aggregate price and interest performance of the debt securities in the Bloomberg MSCI U.S. Aggregate ESG Choice Bond Index. Normally investing at least 80% of the fund's assets in bonds included in the Bloomberg MSCI U.S. Aggregate ESG Choice Bond Index, which is composed of U.S. dollar denominated, investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, and follows the rules of the Bloomberg U.S. Aggregate Bond Index. MSCI ESG Research applies additional sector and environmental, social, and governance (ESG) criteria for security eligibility in the Bloomberg MSCI U.S. Aggregate ESG Choice Bond Index.
Fidelity® Sustainable Core Plus Bond Fund	The fund seeks a high level of current income. Normally investing at least 80% of assets in debt securities of all types that Fidelity Management & Research Company LLC (FMR) believes have positive environmental, social and governance (ESG) benefits and repurchase agreements for those securities. Investing up to 20% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Managing the fund to have similar overall interest rate risk to the Bloomberg MSCI U.S. Aggregate ESG Choice Bond Index.
Fidelity® Sustainable Low Duration Bond Fund	The fund seeks to obtain a high level of current income consistent with preservation of capital. Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types that Fidelity Management & Research Company LLC (FMR) believes have positive environmental, social and governance (ESG) benefits and repurchase agreements for those securities. Managing the fund to have similar overall interest rate risk to the Bloomberg US Treasury Bill: 6-9 Months Index.

Inflation-Protected Bond Funds	Investment Objective and Principal Investment Strategies
Fidelity® Inflation-Protected Bond Index Fund	The fund seeks to provide investment results that correspond to the total return of the inflation-protected sector of the United States Treasury market. Normally investing at least 80% of assets in inflation-protected debt securities included in the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index.