FIDELITY CHARLES STREET TRUST

0001193125-24-054787.txt : 20240301 0001193125-24-054787.hdr.sgml : 20240301 20240301092756 ACCESSION NUMBER: 0001193125-24-054787 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 EFFECTIVENESS DATE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CHARLES STREET TRUST CENTRAL INDEX KEY: 0000354046 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-73133 FILM NUMBER: 24707350 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY U S GOVERNMENT RESERVES FUND DATE OF NAME CHANGE: 19880201 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FEDERAL RESERVES DATE OF NAME CHANGE: 19820215 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY UNITED STATES TREASURY TRUST DATE OF NAME CHANGE: 19811020

0000354046 S000019187 Fidelity Asset Manager 30%

C000052989 Fidelity Asset Manager 30% FTANX

C000052990 Fidelity Advisor Asset Manager 30%: Class A FTAAX

C000052992 Fidelity Advisor Asset Manager 30%: Class C FCANX

C000052993 Fidelity Advisor Asset Manager 30%: Class M FTTNX

C000052994 Fidelity Advisor Asset Manager 30%: Class I FTINX

C000205015 Fidelity Advisor Asset Manager 30%: Class Z FIKWX

497K 1 d702925d497k.htm FIDELITY CHARLES STREET TRUST FIDELITY CHARLES STREET TRUST

Supplement to the

Fidelity Advisor Asset Manager^® Funds

Fidelity Asset Manager^® 30%

Class A, Class M, Class C, Class I, and Class Z

November 29, 2023

Summary Prospectus

Effective March 1, 2024, the fund’s management contract was amended to incorporate administrative services previously covered under separate services agreements. The amended contract incorporates a management fee rate that may vary by class. The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class’s management fee.

The following information replaces similar information for Fidelity Asset Manager^® 30% found in the “Fund Summary” section under the “Fee Table” heading.

Annual Operating Expenses

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


	Class A			Class M			Class C			Class I			Class Z
Management fee		0.53	%^A,B		0.53	%^A,B		0.53	%^A,B		0.53	%^A,B		0.46	%^A,B

Distribution and/or Service (12b-1) fees		0.25	%		0.50	%		1.00	%		None			None

Other expenses		0.02	%^B		0.02	%^B		0.02	%^B		0.02	%^B		0.02	%^B

Total annual operating expenses		0.80	%		1.05	%		1.55	%		0.55	%		0.48	%

^A The management fee covers administrative services previously provided under separate services agreements with the fund, for which 0.16% for Class A, 0.16% for Class M, 0.17% for Class C, 0.17% for Class I, and 0.08% for Class Z was previously charged under the services agreements.

^B Adjusted to reflect current fees.


	Class A		Class M		Class C		Class I		Class Z
	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares	Sell All Shares	Hold Shares
1 year	$ 652	$ 652	$ 453	$ 453	$ 258	$ 158	$ 56	$ 56	$ 49	$ 49

3 years	$ 816	$ 816	$ 672	$ 672	$ 490	$ 490	$ 176	$ 176	$ 154	$ 154

5 years	$ 994	$ 994	$ 909	$ 909	$ 845	$ 845	$ 307	$ 307	$ 269	$ 269

10 years	$ 1,508	$ 1,508	$ 1,588	$ 1,588	$ 1,643	$ 1,643	$ 689	$ 689	$ 604	$ 604

ATAN-SUSTK-0324-104

1.9881441.104

March 1, 2024

Supplement to the

Fidelity Asset Manager^® Funds