Charitable Legacy Pool1

The Charitable Legacy Pool is designed to help donors who want to consistently support charities by recommending grants equal to the appreciation of the investment pool while preserving the principal.2

Short-term granting strategy

Long-term granting strategy

  • Charitable
    Legacy

1Stocks markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or economic developments. Fixed-income investments entail interest rate risk (as interest rates rise, bond prices usually fall), the risk of issuer or counterparty default, issuer credit risk and inflation risk. Foreign securities are subject to interest rate, currency exchange rate, economic and political risks, all of which are magnified in emerging markets. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds.

2The 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. The funds may pay all or a portion of these fees and expenses 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.

3Pool created 07/01/2011; therefore, historic performance is not available for earlier periods. Pool is 100% invested in the underlying mutual fund displayed beneath the pool. Pool results will include a Fidelity Charitable annual administrative fee as described in the Program Circular and will therefore differ from the results of the underlying mutual fund.

4Pool created 08/29/2008; therefore, historic performance is not available for earlier periods. Pool is 100% invested in the underlying mutual fund displayed beneath the pool. Pool results will include a Fidelity Charitable annual administrative fee as described in the Program Circular and will therefore differ from the results of the underlying mutual fund.

5Pool created 06/25/2009; therefore, historic performance is not available for earlier periods. Pool is 100% invested in the underlying mutual fund displayed beneath the pool. Pool results will include a Fidelity Charitable annual administrative fee as described in the Program Circular and will therefore differ from the results of the underlying mutual fund.

6Pool created 06/30/2015; therefore, historic performance is not available for earlier periods. Pool is 100% invested in the underlying mutual fund displayed beneath the pool. Pool results will include a Fidelity Charitable annual administrative fee as described in the Program Circular and will therefore differ from the results of the underlying mutual fund.

7Pool created 01/31/2018; therefore, historic performance is not available for earlier periods. Pool is 100% invested in the underlying mutual fund displayed beneath the pool. Pool results will include a Fidelity Charitable annual administrative fee as described in the Program Circular and will therefore differ from the results of the underlying mutual fund.

8Asset Allocation: A means of apportioning and diversifying investment dollars among various asset classes (i.e., equity, fixed income, real assets, absolute return). This allocation is meant to provide a long-term representation of the level of portfolio risk. It is not a representation of targeted securities nor should it set an expectation that the portfolio will strictly align with the asset class thresholds displayed. These thresholds are subject to change at any time.

The gross expense ratio displayed is publicly available information as of the most recent month end and reflects the underlying mutual fund investment(s) of the pool’s total annual fund or class operating expenses (before waivers of reimbursements) paid by the fund and stated as a percent of the fund’s total net assets. The mutual fund data has been drawn from the most recent prospectus. The gross expense ratio does not include a Fidelity Charitable annual administrative fee, as described in the Program Circular.

The net expense ratio displayed is publicly available information as of the most recent month end and reflects the underlying mutual fund investment(s) of the pool’s total annual operating expense from the fund’s most recent prospectus after any fee waiver and/or expense reimbursements that will reduce any fund operating expenses for no less than one year from the effective date of the fund’s registration statement. 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, unless otherwise noted. The net expense ratio does not include a Fidelity Charitable annual administrative fee, as described in the Program Circular.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Performance information for benchmarks reflects the benchmark in effect during the stated period. Benchmarks have changed during the life of the pools.

“N/A” appears for the benchmarks for which there is no applicable comparison for the time period stated.

Benchmarks are not adjusted for fees.

You cannot invest directly in an index/benchmark.

Each Asset Allocation Pool composite benchmark is a hypothetical combination of unmanaged indices. Each composite index combines the total returns of the Dow Jones U.S. Total Stock Market Index, the Bloomberg/Barclays U.S. Aggregate Bond Index, the MSCI All Country World Index (ACWI) ex-US and the Bloomberg/Barclays U.S. 3 Month Treasury Bill Index, weighted according to the specific fund’s neutral mix. Effective October 1, 2015, the MSCI All Country World Index (ACWI) ex-US replaces MSCI EAFE as the benchmark for exposure to international equity.

Average annual returns are calculated as a steady compounded rate of return of the period of time indicated.

Pool holdings are subject to change.

The value of the pool’s investments will vary from day to day in response to many factors. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. In general, the bond market is volatile, and fixed-income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed-income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Foreign securities are subject to interest rate, currency exchange rate, economic and political risk, all of which are magnified in emerging markets.

*Fidelity Charitable has contracted with Fidelity Investments to perform a range of administrative and financial advisory services. Links to the fund pages on Fidelity.com are provided to you pursuant to Fidelity Charitable’s agreement with Fidelity Investments.

Important Performance & Legal Information

 

 

Using our experience strategically for you

Manager Biographies & Pool Strategy

The Strategic Advisers, Inc. team oversees the Charitable Legacy Pool, investing in traditional and non-traditional asset classes to help achieve its long-term objectives.

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