Why were Asset Allocation Pools renamed?

On 3/28/24, Fidelity Charitable renamed its Asset Allocation Pools to better reflect the underlying investment. There was no change to the underlying mutual fund and no market impact. No donor action is needed.

 

Pool Name

Asset Allocation 85% Equity

Previous Name

Aggressive Growth

Underlying Mutual Fund

Fidelity Asset Manager® 85% - Class Z (FIQCX)

Pool Name

Asset Allocation 70% Equity

Previous Name

Growth

Underlying Mutual Fund

Fidelity Asset Manager® 70% - Class Z (FIQBX)

Pool Name

Asset Allocation 60% Equity

Previous Name

Moderate Growth

Underlying Mutual Fund

Fidelity Asset Manager® 60% - Class Z (FIQAX)

Pool Name

Asset Allocation 50% Equity

Previous Name

Balanced

Underlying Mutual Fund

Fidelity Asset Manager® 50% - Class Z (FIKZX)

Pool Name

Asset Allocation 40% Equity

Previous Name

Moderate Income

Underlying Mutual Fund

Fidelity Asset Manager® 40% - Class Z (FIKYX)

Pool Name

Asset Allocation 30% Equity

Previous Name

Income

Underlying Mutual Fund

Fidelity Asset Manager® 30% - Class Z (FIKWX)

Pool Name

Asset Allocation 20% Equity

Previous Name

Conservative Income

Underlying Mutual Fund

Fidelity Asset Manager® 20% - Class Z (FIKVX)