Domestic Equity International Equity Asset Allocation Fixed Income

Fidelity Index Mutual Fund Spectrum 35 mutual funds spanning all core asset classes
Domestic Equity International Equity Asset Allocation Fixed Income Alternative Asset Advisor Fidelity Investments Subadvisor Geode Capital Management, LLC Fidelity® 500 Index Fund Fidelity Extended Market Index Fund Fidelity Large Cap Growth Index Fund Fidelity Large Cap Value Index Fund Fidelity Mid Cap Index Fund Fidelity Nasdaq Composite Index® Fund Fidelity Small Cap Index Fund Fidelity U.S. Sustainability Index Fund Fidelity Total Market Index Fund Fidelity Emerging Markets Index Fund Fidelity Global ex U.S. Index Fund Fidelity International Index Fund Fidelity International Sustainability Index Fund Fidelity Total International Index Fund Fidelity Four in One Index Fund Fidelity Freedom® Income Index Fund Fidelity Freedom 2005 Index Fund Fidelity Freedom 2010 Index Fund Fidelity Freedom 2015 Index Fund Fidelity Freedom 2020 Index Fund Fidelity Freedom 2025 Index Fund Fidelity Freedom 2030 Index Fund Fidelity Freedom 2035 Index Fund Fidelity Freedom 2040 Index Fund Fidelity Freedom 2045 Index Fund Fidelity Freedom 2050 Index Fund Fidelity Freedom 2055 Index Fund Fidelity Freedom 2060 Index Fund Fidelity Inflation Protected Bond Index Fund Fidelity Intermediate Treasury Bond Index Fund Fidelity Long-Term Treasury Bond Index Fund Fidelity Short-Term Treasury Bond Index Fund Fidelity Short-Term Bond Index Fund Fidelity U.S. Bond Index Fund Fidelity Real Estate Index Fund Fidelity offers a suite of index mutual funds that cover multiple asset classes and market caps across domestic and international equity, fixed income, and real estate. Fidelity Investments refers collectively to FMR LLC, a U.S. company, and its subsidiaries, including but not limited to Fidelity Management & Research Company (FMR Co.) and FIAM. Geode Capital Management, LLC serves as the Subadvisor for the Fidelity Index Mutual Funds. For institutional use only.

Index Pools Offered through Fidelity 24 pools spanning all core asset classes
Fidelity offers a full lineup of asset allocation and fixed income pools and also distributes a suite of equity and international equity pools from investment manager Geode Capital Management Trust Company, LLC. Domestic Equity Investment and Portfolio Management Geode Capital Management Trust Company, LLC SpartanSM 500 Index Pool Spartan Extended Market Index Pool Spartan Total Market Index Pool Spartan Large Cap Growth Index Pool Spartan Large Cap Value Index Pool Spartan Small Cap Index Pool International Equity Investment and Portfolio Management Geode Capital Management Trust Company, LLC Spartan Global ex U.S. Index Pool Spartan Developed International Index Pool Spartan Emerging Markets Pool Fixed Income Investment and Portfolio Management Fidelity Investments FIAM U.S. Aggregate Bond Index Pool FIAM U.S. TIPS Index Pool FIAM Inflation-Protected Bond Index Pool Asset Allocation Investment and Portfolio Management Fidelity Investments FIAM Index Target Date Income Pool FIAM Index Target Date 2005 Pool FIAM Index Target Date 2010 Pool FIAM Index Target Date 2015 Pool FIAM Index Target Date 2020 Pool FIAM Index Target Date 2025 Pool FIAM Index Target Date 2030 Pool FIAM Index Target Date 2035 Pool FIAM Index Target Date 2040 Pool FIAM Index Target Date 2045 Pool FIAM Index Target Date 2050 Pool FIAM Index Target Date 2055 Pool FIAM Index Target Date 2060 Pool Geode Capital Management Trust Company, LLC is the investment manager for Spartan Index Pools. Fidelity Institutional Asset Management Trust Company is the investment manager for the FIAM Pools. For institutional use only.

Fund Lineup: Equity and Specialty
Funds Index Investor Premium Institutional Institutional Premium Approach DOMESTIC EQUITY Fidelity 500 Index Fund S&P 500® FUSEX FUSVX FXSIX FXAIX Full Replication Expense Ratio 0.09% 0.035% 0.03% 0.015% Fidelity Extended Market Index Fund DJ U.S. Completion Total Stock Market FSEMX FSEVX – FSMAX Optimization 0.10% 0.07% 0.045% Fidelity Large Cap Growth Index Fund Russell 1000® Growth FSUIX FSUPX FSWIX FSPGX 0.17% 0.05% 0.04% Fidelity Large Cap Value Index Fund Russell 1000® Value FLCDX FLCHX FLCMX FLCOX Fidelity Mid Cap Index Fund Russell Midcap FSCLX FSCKX FSTPX FSMDX Fidelity Nasdaq Composite Index Fund Nasdaq Composite FNCMX 0.30% Fidelity Small Cap Index Fund Russell 2000® FSSPX FSSVX FSSSX FSSNX Fidelity Total Market Index Fund DJ U.S. Total Stock Market FSTMX FSTVX FSKTX FSKAX Fidelity U.S. Sustainability Index Fund MSCI U.S.A ESG Leaders FENSX FPNSX FITLX 0.21% 0.14% 0.11% Expense ratios as of 10/24/17. For institutional use only.

Fund Lineup: Equity and Specialty
Funds Index Investor Premium Institutional Institutional Premium Approach INTERNATIONAL EQUITY Fidelity Emerging Markets Index Fund† MSCI Emerging Markets FPEMX FPMAX FPMIX FPADX Full Replication Expense Ratio 0.29% 0.13% 0.10% 0.08% Fidelity Global ex U.S. Index Fund MSCI ACWI ex U.S.A FSGUX FSGDX FSGSX FSGGX Optimization 0.17% 0.06% Fidelity International Index Fund MSCI EAFE FSIIX FSIVX FSPNX FSPSX 0.16% 0.05% 0.045% Fidelity International Sustainability Index Fund MSCI ACWI ex U.S.A ESG Leaders FNIYX FNIRX FNIDX – 0.30% 0.25% 0.20% Fidelity Total International Index Fund† MSCI ACWI ex U.S.A IMI FTIGX FTIPX FTIUX FTIHX ALTERNATIVE ASSET Fidelity Real Estate Index Fund† DJ U.S. Select Real Estate Securities FRXIX FSRVX FSRNX 0.23% 0.09% 0.07% SHARE CLASS MINIMUM (see appendix for eligibility detail) Employer-sponsored retirement plans No minimum $5 million* $100 million* Fee-based wrap programs $5 million** $100 million** Fund of funds $5 million†† $100 million†† Fidelity-managed 529 plans All other accounts $2,500 $10,000 $5 million $100 million † These funds have a short-term redemption fee for fee-eligible shares held less than 90 days: Fidelity Emerging Markets Index Fund,1.5%; Fidelity Total International Index Fund, 1.0%; and Fidelity Real Estate Index Fund, 0.75%. * Refers to plan sponsor client’s investment in fund. ** Refers to wrap provider’s investment in fund. †† Refers to top-level fund’s investment in fund. Expense ratios as of 10/24/17. 4 For institutional use only.

Pool Lineup: Equity Fee Schedule Pools Index Class B Class C Class D
Class E EQUITY >$5M >$100M >$500M >$1B Spartan 500 Index Pool S&P 500 Index 0.03% 0.015% 0.013% 0.01% Expense Ratio Spartan Extended Market Index Pool Russell 2500 0.055% 0.045% 0.04% 0.038% Spartan Total Market Index Pool Russell 3000 Spartan Large Cap Growth Index Pool Russell 1000 Growth 0.035% 0.033% Spartan Large Cap Value Index Pool Russell 1000 Value Spartan Small Cap Index Pool Russell 2000 INTERNATIONAL EQUITY Spartan Developed International Index Pool MSCI World ex U.S.A 0.05% 0.043% Spartan Emerging Markets Index Pool MSCI Emerging Markets 0.10% 0.08% 0.078% 0.075% Spartan Global ex US Index Pool MSCI ACWI ex U.S.A 0.06% 0.058% Note: Class A for defined benefit plans. Expenses determined based on assets and fee schedule above. 5 Expense ratios as of 10/24/17. For institutional use only.

Fund Lineup: Asset Allocation
Funds Index Investor Institutional Premium* ASSET ALLOCATION Fidelity Four-in-One Index Fund S&P 500 FFNOX – Expense Ratio Gross/Net 0.17% 0.11% Fidelity Freedom Income Index Fund Bloomberg Barclays U.S. Aggregate Bond FIKFX FFGZX 0.24% 0.15% 0.19% 0.10% Fidelity Freedom Index 2005 Fund FJIFX FFGFX Fidelity Freedom Index 2010 Fund FKIFX FFWTX Fidelity Freedom Index 2015 Fund FLIFX FIWFX 0.23% 0.18% Fidelity Freedom Index 2020 Fund FPIFX FIWTX Fidelity Freedom Index 2025 Fund FQIFX FFEDX Fidelity Freedom Index 2030 Fund FXIFX FFEGX Fidelity Freedom Index 2035 Fund FIHFX FFEZX Fidelity Freedom Index 2040 Fund FBIFX FFIZX Fidelity Freedom Index 2045 Fund FIOFX FFOLX Fidelity Freedom Index 2050 Fund FIPFX FFOPX Expense ratios as of 10/24/17. For institutional use only.

Fund Lineup: Asset Allocation
Funds Index Investor Institutional Premium* ASSET ALLOCATION Fidelity Freedom Index 2055 Fund S&P 500 FDEWX FFLDX Expense Ratio Gross/Net 0.24% 0.15% 0.19% 0.10% Fidelity Freedom Index 2060 Fund FDKLX FFLEX *Shares generally are available only to retirement and non-retirement accounts that will have at least $100 million invested in Institutional Premium Class of the Fidelity Freedom® Index Funds. Please contact Fidelity for more information about Institutional Premium Class shares. Expense ratios as of 10/24/17. Initial purchase and balance minimums generally will apply to aggregate account balances at the Freedom Index Fund level for employer-sponsored retirement plans (including profit sharing, 401(k), 403(b), 457(b), and similar plans) and the provider level for managed account programs that charge an asset-based fee. The initial purchase and balance minimums generally will apply at the investing fund level for mutual funds. Please contact Fidelity for more information about Institutional Premium Class shares. For more detailed fee information, see the fund prospectus, annual, or semiannual report. See the Important Information section for details regarding expense ratios and applicable expense caps. 7 For institutional use only.

Pool Lineup: Asset Allocation
Fee Schedule Pools Index Class U Class V ASSET ALLOCATION $0-100M >$100M FIAM Index Target Date Income Pool FIAM Index Target Date Income Composite 0.15% 0.10% Expense Ratio FIAM Index Target Date 2005 Pool FIAM Index Target Date 2005 Composite FIAM Index Target Date 2010 Pool FIAM Index Target Date 2010 Composite FIAM Index Target Date 2015 Pool FIAM Index Target Date 2015 Composite FIAM Index Target Date 2020 Pool FIAM Index Target Date 2020 Composite FIAM Index Target Date 2025 Pool FIAM Index Target Date 2025 Composite FIAM Index Target Date 2030 Pool FIAM Index Target Date 2030 Composite FIAM Index Target Date 2035 Pool FIAM Index Target Date 2035 Composite Expense ratios as of 10/24/17. FIAM Target Date pricing management fee only. Other fees, such as audit fees, custody fees, and pricing and bookkeeping fees may apply. The total annual expense ratio, including the impact of underlying pools for FIAM commingled pools that are “funds of funds,” will be disclosed in the participant fee disclosure statements. The total annual expense ratio may differ from the contractual management fee above due to the inclusion of these additional fees. Note that certain client transactions into the FIAM Target Date or FIAM Index Target Date Commingled Pools are subject to covering their own transition costs as part of FIAM’s Significant Cash Flow policy (formerly the Anti Dilution policy). The eligibility requirement is $200M in client assets. Client assets is defined as assets invested in qualified defined contribution plans only, which are profit sharing, 401(k), and defined benefit plans that are qualified under Section 401(a) and governmental plans that are described in section 401(a)24 of the IRS Code. Pricing for a plan will be determined based on the characteristics and attributes of the plan, and may be more or less than what is indicated herein. Pricing is subject to change. 8 For institutional use only.

Pool Lineup: Asset Allocation
Fee Schedule Pools Index Class U Class V ASSET ALLOCATION $0-$100M >$100M FIAM Index Target Date 2040 Pool FIAM Index Target Date 2040 Composite 0.15% 0.10% Expense Ratio FIAM Index Target Date 2045 Pool FIAM Index Target Date 2045 Composite FIAM Index Target Date 2050 Pool FIAM Index Target Date 2050 Composite FIAM Index Target Date 2055 Pool FIAM Index Target Date 2055 Composite FIAM Index Target Date 2060 Pool FIAM Index Target Date 2060 Composite Expense ratios as of 10/24/17. FIAM Target Date pricing management fee only. Other fees, such as audit fees, custody fees, and pricing and bookkeeping fees may apply. The total annual expense ratio, including the impact of underlying pools for FIAM commingled pools that are “funds of funds,” will be disclosed in the participant fee disclosure statements. The total annual expense ratio may differ from the contractual management fee above due to the inclusion of these additional fees. Note that certain client transactions into the FIAM Target Date or FIAM Index Target Date Commingled Pools are subject to covering their own transition costs as part of FIAM’s Significant Cash Flow policy (formerly the Anti Dilution policy). The eligibility requirement is $200M in client assets. Client assets is defined as assets invested in qualified defined contribution plans only, which are profit sharing, 401(k), and defined benefit plans that are qualified under Section 401(a) and governmental plans that are described in section 401(a)24 of the IRS Code. Pricing for a plan will be determined based on the characteristics and attributes of the plan, and may be more or less than what is indicated herein. Pricing is subject to change. 9 For institutional use only.

Fund Lineup: Fixed Income
Funds Index Investor Premium Institutional Institutional Premium FIXED INCOME Fidelity U.S. Bond Index Fund Bloomberg Barclays U.S. Aggregate FBIDX FSITX FXSTX FXNAX Expense Ratio 0.14% 0.045% 0.035% 0.025% Fidelity Short-Term Bond Index Fund Bloomberg Barclays U.S. 1-5 Year Government/Credit Bond Index FNSJX FNSKX FNSLX FNSOX 0.06% 0.04% 0.03% Fidelity Short-Term Treasury Bond Index Fund Bloomberg Barclays U.S Year Treasury FSBIX FSBAX FBENX FUMBX 0.16% Fidelity Intermediate Treasury Bond Index Fund Bloomberg Barclays U.S Year Treasury FIBIX FIBAX FUPDX FUAMX Fidelity Long-Term Treasury Bond Index Fund Bloomberg Barclays U.S. Long Treasury FLBIX FLBAX FNAMX FNBGX Fidelity Inflation-Protected Bond Index Fund Bloomberg Barclays U.S. TIPS FSIQX FSIYX FIPBX FIPDX 0.19% 0.09% 0.05% SHARE CLASS MINIMUM Employer-sponsored retirement plans No minimum $5 million* $100 million* Fee-based wrap programs $5 million** $100 million** Fund of funds $5 million†† $100 million†† Fidelity-managed 529 plans All other accounts $2,500 $10,000 $5 million $100 million * Refers to plan sponsor client’s investment in fund. ** Refers to wrap provider’s investment in fund. †† Refers to top-level fund’s investment in fund. Expense ratios as of 10/24/17. For institutional use only.

Pool Lineup: Fixed Income
Fee Schedule Pools Index Class B Class C FIXED INCOME >$5M >$100M FIAM U.S. Bond Index Pool Bloomberg Barclays U.S. Aggregate 0.035% 0.025% Expense Ratio FIAM U.S. TIPS Index Pool Bloomberg Barclays 1-10 Year U.S. TIPS 0.06% 0.05% FIAM Inflation-Protected Bond Index Pool Bloomberg Barclays U.S. TIPS Note: Class A for defined benefit plans. Expenses determined based on assets and fee schedule above. 11 Expense ratios as of 10/24/17. For institutional use only.

Important Information
The following information applies to the entirety of this document. Please read this important information carefully before making any investment. Speak with your relationship manager if you have any questions. Unless otherwise disclosed to you, in providing this information, Fidelity is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with any investment or transaction described herein. Fiduciaries are solely responsible for exercising independent judgment in evaluating any transaction(s) and are assumed to be capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies. Fidelity and Geode have a financial interest in any transaction(s) that fiduciaries, and if applicable, their clients, may enter into involving their respective products or services. Bloomberg Barclays 1–5 Year U.S. Treasury Index measures the performance of short-term U.S. Treasury Securities maturing within one to five years. Returns of the Bloomberg Barclays 1–5 Year U.S. Treasury Index do not reflect any deductions for taxes. Bloomberg Barclays U.S. 1-5 Year Government/Credit Bond 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 of three years or less. Bloomberg Barclays U.S. 5–10 Year Treasury Bond Index is a market value-weighted index of investment-grade fixed-rate public obligations of the U.S. Treasury with maturities between five and 10 years. Bloomberg Barclays Long Year U.S. Treasury Index is a market value–weighted index of investment-grade fixed-rate public obligations of the U.S. Treasury with maturities of 10 years or more. Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged market value-weighted index for U.S. dollar-denominated investment-grade, fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least a year. Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (TIPS) Index (Series-L) is a market value-weighted index that measures the performance of inflation-protected securities issued by the U.S. Treasury. DJ U.S. Completion is an unmanaged index that represents all U.S. equity issues with readily available prices, excluding components of the S&P 500. DJ U.S. Select REIT Index intends to measure the performance of publicly traded REITs and REIT-like securities. The index is a subset of the Dow Jones U.S. Select Real Estate Securities Index (RESI), which represents equity real estate investment trusts (REITs) and real estate operating companies (REOCs) traded in the U.S. The indices are designed to serve as proxies for direct real estate investment, in part by excluding companies whose performance may be driven by factors other than the value of real estate. DJ U.S. Total Stock Market Index is an unmanaged market capitalization-weighted index of over 5,000 U.S. equity securities, containing all actively traded common stocks with readily available price data. MSCI Europe, Australasia, Far East (MSCI EAFE) Index (net MA tax) is an unmanaged market capitalization-weighted index of equity securities of companies domiciled in various countries. The index is designed to represent performance of developed stock markets outside the United States and Canada and excludes certain market segments unavailable to U.S.- based investors. The index returns for periods after 1/1/1997 are adjusted for tax withholding rates applicable to U.S.-based mutual funds organized as Massachusetts business trusts. MSCI All Country World (MSCI ACWI) ex USA Index (net MA tax) is a market capitalization-weighted index of stocks traded in global developed and emerging markets, excluding the United States. Index returns are adjusted for tax withholding rates applicable to U.S.-based mutual funds organized as Massachusetts business trusts. MSCI ACWI ex U.S.A Leaders ESG Index is a capitalization weighted index that provides exposure to companies with high Environmental, Social and Governance (ESG) performance relative to their sector peers. MSCI ACWI ex USA ESG consists of large and mid cap companies across 22 Developed Markets (DM) and 23 Emerging Markets (EM) countries. MSCI ACWI ex USA Investable Market Index (IMI) captures large, mid and small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the United States) and 23 Emerging Markets (EM) countries.* With 6,091 constituents, the index covers approximately 99% of the global equity opportunity set outside the U.S. For institutional use only.

MSCI World ex US Index captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries, excluding the United States. With 1,023 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The benchmark returns are net of withholding taxes from a Luxembourg tax perspective. MSCI Emerging Markets Index is a float-adjusted market capitalization index that consists of indices in 21 emerging countries. MSCI 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. MSCI USA ESG consists of large and mid cap companies in the US market. The Index is designed for investors seeking a broad, diversified sustainability benchmark with relatively low tracking error to the underlying equity market. NASDAQ Composite Index is a market capitalization-weighted index that is designed to represent the performance of NASDAQ stocks. Russell 1000 Value Index is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. It includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth rates. Russell 1000 Growth Index is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. It includes those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth rates. Russell 2000 Index is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. It includes approximately 2,000 of the smallest securities in the Russell 3000 Index. Russell 2500 Index measures the performance of the small to mid cap segment of the U.S. equity market. It is a subset of the Russell 3000® Index, and includes 2500 of the smallest securities based on market cap and current index membership. Russell 3000 Index is a capitalization-weighted stock market index, maintained by FTSE Russell that seeks to be a benchmark of the entire U.S stock market. It measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by total market capitalization, and represents approximately 98% of the American public equity market. Russell Midcap Index is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. It contains approximately 800 of the smallest securities in the Russell 1000 Index. 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. For institutional use only.

Risks The portfolio risk management processes discussed herein include an effort to monitor and manage risk, but should not be confused with and do not imply low risk. Risk Management is no guarantee of future performance. There is no guarantee that a particular portfolio will meet its investment objectives. Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. The securities of smaller, less well-known companies can be more volatile than those of larger companies. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets. The performance of international strategies depends upon currency values, political and regulatory environments, and overall economic factors in the countries in which they invest. 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. Foreign exchange rates also can be extremely volatile. The risks are particularly significant for strategies that focus on a single country or region. The securities, derivatives and currency markets of emerging market countries are generally smaller, less developed, less liquid, and more volatile than those of the United States and other developed markets, and disclosure and regulatory standards in many respects are less stringent. There also may be a lower level of monitoring and regulation of markets in emerging market countries and the activities of investors in such markets and enforcement of existing regulations may be extremely limited and arbitrary. Emerging market countries are more likely to experience political uncertainty and instability, including the risk of war, terrorism, nationalization, limitations on the removal of funds or other assets, or diplomatic developments that affect investments in these countries. In many cases, there is a heightened possibility of government control of the economy, expropriation or confiscatory taxation, imposition of withholding taxes on interest payments, or other similar developments. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. 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. Leverage can increase market exposure and magnify investment risk. Lower quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Derivatives may be volatile and involve significant risk, such as credit risk, currency risk, leverage risk, counterparty risk, and liquidity risk. Using derivatives can disproportionately increase losses and reduce opportunities for gains in certain circumstances. Real Estate is a cyclical industry that is sensitive to interest rates, economic conditions (both nationally and locally), property tax rates, and other factors. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies. Investment performance of the Fidelity Target Date products depends on the performance of the underlying investment options and on the proportion of the assets invested in each underlying investment option. The performance of the underlying investment options depends, in turn, on their investments. The performance of these investments will vary day to day in response to many factors. The investment risk of each target date product changes over time as its asset allocation changes but generally always retains an equity allocation even after the target date has been met. The target date products are subject to the volatility of the financial markets, including that of the underlying investment options' asset class, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small cap, commodity-linked, and foreign securities. Principal invested is not guaranteed at any time, including at or after the Target Date products' target date. All investment strategies involve risk of loss. Investors should be prepared to bear such losses in connection with any investments. Investments may lose money. Additionally, investments may be subject to operational risks, which can include risks of loss arising from failures in internal processes, people, or systems, such as routine processing errors or major systems failures, or from external events, such as exchange outages. For institutional use only.

Expense Ratios For a mutual fund, the gross expense ratio is the total annual fund or class operating expenses directly paid by the fund (before waivers or reimbursements). This ratio also includes Acquired Fund Fees and Expenses, which are expenses indirectly incurred by a fund through its ownership of shares in other investment companies. If the investment option is not a mutual fund, the expense ratio may be calculated using methodologies that differ from those used for mutual funds. For commingled pools, the expense ratio may be calculated using methodologies that differ from those used for mutual funds. For a mutual fund, the Net Expense Ratio is the total annual fund or class operating expense directly paid by the fund after any fee waiver and/or expense reimbursements that will reduce any fund operating. This ratio also includes Acquired Fund Fees and Expenses, which are expenses indirectly incurred by a fund through its ownership of shares in other investment companies. This number does not include any fee waiver arrangement or expense reimbursement that may be terminated without agreement of the fund's board of trustees during the one-year period. For commingled pools, the expense ratio may be calculated using methodologies that differ from those used for mutual funds. Contractual Expense Cap: Subject to End Date: Expense Cap is a limit that Fidelity has placed on the level of the expenses borne by the fund until (see below date) and indicates the maximum level of expenses (with certain exceptions; see below expense caps) that the fund would be paying until that time. After the expiration date, the expense cap may be terminated or revised, which may lower the fund's yield and return. Caps and dates are as follows: Fidelity Nasdaq Composite Index: 1/31/18—0.29%; Fidelity Four-in-One Index: 4/30/18—0.08%; Fidelity Freedom Index: 5/31/19—Investor class: 0.15%; Institutional Premium: 0.10%. General Indexes are unmanaged. It is not possible to invest directly in an index. References to Indexes, benchmarks or other measures of relative market performance over a specified period of time (each, an “index”) are provided for your information only. References to any index do not imply that the portfolio will achieve returns, volatility, or other results similar to the index. The composition of the index may not reflect the manner in which a portfolio is constructed in relation to expected or achieved returns, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility or tracking error targets, all of which are subject to change over time. Information presented herein is for discussion and illustrative purposes only and is not a recommendation nor an offer or solicitation to buy or sell any securities. Past performance is no guarantee of future results. The Commingled Pools described herein are each established under a Declaration of Separate Fund under the applicable Declaration of Trust managed by its Trustee. EACH COMMINGLED POOL IS NOT A MUTUAL FUND. The Commingled Pools are only available to Qualified Investors as detailed in the applicable Declaration of Trust. Please review the applicable Declaration of Trust and Declaration of Separate Fund for more complete details. Units of the Commingled Pools are exempt from registration under the Securities Act of 1933 and the Investment Company Act of No public or other market will develop for Units of the Commingled Pools. The Units are generally only transferable as detailed under the applicable Declaration of Trust. Fidelity Institutional Asset Management (FIAM) includes the following entities or divisions that provide investment services: Fidelity Institutional Asset Management Trust Company, a New Hampshire trust company (FIAM TC); FIAM LLC, a U.S. registered investment adviser; the Fidelity Institutional Asset Management division of FMR Investment Management (UK) Limited, a U.K. registered investment manager and U.S. registered investment adviser; and the Fidelity Institutional Asset Management division of Fidelity Management & Research (Hong Kong) Limited, a Hong Kong and U.S. registered investment adviser. FIAM LLC may use the name Pyramis Global Advisors or Pyramis as an additional business name under which it conducts its advisory business. For institutional use only.

General (continued) “Fidelity Investments" and/or "Fidelity" refers collectively to FMR LLC, a US company, and its subsidiaries, including but not limited to Fidelity Management & Research Company (FMR Co.) and FIAM. Geode Capital Management Trust Company, LLC (GCMTC LLC) is a trust company chartered under the laws of the State of New Hampshire, and has established the Spartan Group Trust for Employee Benefit Plans under a Declaration of Trust in order to provide for the collective investment and reinvestment of certain tax-exempt benefit plans that become participants. Geode Capital Management, LLC (GCM LLC), an affiliate of GCMTC LLC, has agreed to provide support to GCMTC LLC under a support and services agreement between the GCMTC LLC and GCM LLC. Certain data and other information in this presentation have been supplied by outside sources and are believed to be reliable and current. Fidelity cannot verify the accuracy of information from outside sources, and potential investors should be aware that such information is subject to change without notice. Fidelity has prepared this presentation for, and only intends to provide it to, institutional, sophisticated, and/or qualified investors. Do not distribute or reproduce this report. The third-party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliated company. Spartan is a service mark of FMR LLC. Used with permission. Geode Capital Management products and services presented herein are managed by Geode Capital Management, LLC or Geode Capital Management Trust Company, LLC (Geode), and may be presented by registered broker-dealer Fidelity Investments Institutional Services Company, Inc., which may be compensated for such services. FIAM products and services presented here are managed by the Fidelity Investments companies of FIAM LLC, or FIAMTC. FIAM products and services may be presented by Fidelity Investments Institutional Services Company, Inc., Fidelity Investments Canada ULC, FIL Limited, or Fidelity Brokerage Services LLC, Member NYSE, SIPC, all non-exclusive financial intermediaries that are affiliated with FIAM and compensated for such services. FIAM commingled pools are commingled pools of the FIAM Group Trust for Employee Benefit Plans, and are managed by Fidelity Institutional Asset Management Trust Company, a trust company organized under the laws of the State of New Hampshire. FIAM commingled pools are not mutual funds. Neither Fidelity nor Geode provides legal or tax advice and we encourage you to consult your own lawyer, accountant, or other advisor before making any investment decision. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. Not NCUA or NCUSIF insured. May lose value. No credit union guarantee. Not FDIC Insured  May Lose Value  No Bank Guarantee For institutional investor use only. FIAM-BD 1017 FIDELITY INVESTMENTS INSTITUTIONAL SERVICES COMPANY, INC., 500 SALEM STREET, SMITHFIELD, RI

Domestic Equity International Equity Asset Allocation Fixed Income

Similar presentations

Presentation on theme: "Domestic Equity International Equity Asset Allocation Fixed Income"— Presentation transcript:

Similar presentations

About project

Feedback

Log in

Auth with social network:

Domestic Equity International Equity Asset Allocation Fixed Income

Similar presentations

Presentation on theme: "Domestic Equity International Equity Asset Allocation Fixed Income"— Presentation transcript:

Similar presentations

About project

Feedback