Asset Allocation Pools1

Asset allocation investments are lifestyle or target-risk investments, offering instant diversification to multiple asset classes in a single investment using a multimanager management structure with the benefits of professional management and experienced security selection. Asset allocation pools have a mix of stocks, bonds, and short-term instruments that range from a more conservative and lower equity allocation mix to a more aggressive and higher equity allocation mix.2

Asset Allocation Pools Risk Tolerance Spectrum
Aggressive Growth Pool
Aggressive Growth Pool asset distribution in pie chart

This pool offers instant diversification to multiple asset classes, using a multi-manager management structure that incorporates multiple levels of expert Fidelity money management.

  • Underlying fund: Fidelity Asset Manager 85%.
  • Objective: Seeks to maximize total return over the long term.
  • Strategy: Maintains a neutral mix over time of 85% equity, 15% bonds and short-term/money market instruments.
Growth Pool
Growth Pool asset distribution in pie chart

This pool offers instant diversification to multiple asset classes, using a multi-manager management structure that incorporates multiple levels of expert Fidelity money management.

  • Underlying fund: Fidelity Asset Manager 70%.
  • Objective: Seeks to maximize total return over the long term.
  • Strategy: Maintains a neutral mix over time of 70% equity, 25% bonds, and 5% short-term/money market instruments.
Moderate Growth Pool
Moderate Growth Pool asset distribution in pie chart

This pool offers instant diversification to multiple asset classes, using a multi-manager management structure that incorporates multiple levels of expert Fidelity money management.

  • Underlying fund: Fidelity Asset Manager 60%.
  • Objective: Seeks high total return over the long term.
  • Strategy: Maintains a neutral mix over time of 60% equity, 35% bonds, and 5% short-term/money market instruments.
Balanced Pool
Balanced Pool asset distribution in pie chart

This pool offers instant diversification to multiple asset classes, using a multi-manager management structure that incorporates multiple levels of expert Fidelity money management.

  • Underlying fund: Fidelity Asset Manager 50%.
  • Objective: Seeks high total return with reduced risk over the long term.
  • Strategy: Maintains a neutral mix over time of 50% equity, 40% bonds, and 10% short-term/money market instruments.
Moderate Income Pool
Moderate Income Pool asset distribution in pie chart

This pool offers instant diversification to multiple asset classes, using a multi-manager management structure that incorporates multiple levels of expert Fidelity money management.

  • Underlying fund: Fidelity Asset Manager 40%.
  • Objective: Seeks current income as well as total return with reduced risk over the long term.
  • Strategy: Maintains a neutral mix over time of 40% equity, 45% bonds, and 15% short-term/money market instruments.
Income Pool
Income Pool asset distribution in pie chart

This pool offers instant diversification to multiple asset classes, using a multi-manager management structure that incorporates multiple levels of expert Fidelity money management.

  • Underlying fund: Fidelity Asset Manager 30%.
  • Objective: Seeks a high level of current income.
  • Strategy: Maintains a neutral mix over time of 30% equity, 50% bonds, and 20% short-term/money market instruments.
Conservative Income Pool
Conservative Income Pool asset distribution in pie chart

This pool offers instant diversification to multiple asset classes, using a multi-manager management structure that incorporates multiple levels of expert Fidelity money management.

  • Underlying fund: Fidelity Asset Manager 20%.
  • Objective: Seeks a high level of current income.
  • Strategy: Maintains a neutral mix over time of 20% equity, 50% bonds, and 30% short-term/money market instruments.

1 Generally, among asset classes, stocks are more volatile than bonds or short-term instruments. In general, the bond market is volatile, bond prices rise when interest rates fall, and vice versa. This effect is usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. Foreign investments involve greater risk than U.S. investments, as they depend upon currency values, political and regulatory environments, and overall market and economic factors of other countries. Money market investment yields can fall sharply in a relatively short period of time. Short-term yields have been much more volatile than long-term rates over time. Returns may not keep up with inflation, leading to purchasing power erosion for the investor.

2 The underlying mutual funds of these investment pools are subject to varying fees and expenses, which may change, and which affect the daily net asset values of the mutual funds within the pools. These funds may pay all or a portion of these fees and expenses (not in addition to that fund's fees and expenses reflected in its NAV) to Fidelity Management & Research Company and its affiliates for services and expenses relating to fund management, administration, distribution or other expenses. Additional information regarding the underlying mutual funds, including fees and expenses, is available in each underlying fund's prospectus.