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Class I is available only to eligible investors as described in the Offering Statement.

Initial offering of Class I took place on 6/7/19. Returns prior to 6/7/19 are those of Class A.

Effective 10/01/19, Fidelity reduced pricing for many of our Fidelity Advisor 529 Portfolios. Please see the 529 Plan Offering Statement for additional details.

Effective July 26, 2019 Old Class A Units closed, and any outstanding Old Class A Units owned by Participants automatically converted to Class A units of the respective Portfolios.

529 Plan accounts are not insured by any state, federal government or any federal agency. Furthermore, neither the principal nor any investment return is guaranteed by any state, federal government or any federal agency.

Please note that 529 plans may have certain fees and expenses including but not limited to annual maintenance fees, sales charges, deferred sales charges, administration, state, and management fees, and underlying fund expenses. Please consider these fees as well as the investment risks when investing in a 529 plan.

Information provided is general (and educational) in nature. It is not intended to be, and should not be construed as, legal or tax advice. Fidelity does not provide legal or tax advice. Laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of this information. Consult an attorney or tax advisor regarding your specific legal or tax situation.

Units of the Portfolios are municipal securities and may be subject to market volatility and fluctuation.

The Fidelity Advisor 529 Plan, OklahomaDream 529 Plan and CHET Advisor 529 Plan are offered by the state of New Hampshire, the state of Oklahoma and the state of Connecticut, respectively and managed by Fidelity Investments. If your client or the designated beneficiary is not a New Hampshire, Oklahoma or Connecticut resident, your client may want to consider, before investing, whether their state or the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits, such as financial aid, scholarship funds, and protection from creditors.

Load Waiver The front-end sales charges will not apply to the purchase of Old Class A or Class A under the following situations:

1. Purchases by any employee of a firm, and any member of the immediate family of such person, if such firm has in effect a Selling Agreement for the Fidelity Advisor 529 Plan with Fidelity Distributors Company LLC;

2. Purchases with "Fidelity 529 College Rewards" generated from the Fidelity Investments College Rewards Card;

3. Purchases through a broker-dealer, registered investment adviser, trust institution, or bank trust department that charges an asset based fee;

4. Purchases of $5.00 or less;

5. Rollovers from other qualified tuition programs if the assets are directly rolled over and you are purchasing Units through a broker dealer that has elected to make the sales charge waiver available to certain clients.

Some broker dealers may decide not to participate in load waivers. Please contact your advisor for additional information.

An investment in the Money Market Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. It is possible to lose money by investing in the Portfolio.

POP returns reflect sales charges; NAV returns do not.

From time to time, FDC LLC or its affiliates may pay its representatives additional compensation if they meet certain targets related to sales of the Fidelity funds, which may be weighted at different rates. Furthermore, certain representatives may be considered product specialists and may receive compensation, which may be weighted at different rates, solely for the sales of specific types of funds in which they specialize.

Class A units for Age-Based, Static Allocation, and Individual Fund Portfolios are sold to eligible investors with a maximum front-end sales charge of 3.50%. Initial offering of Class A units for Age-Based and Static Allocation Portfolios was on 6/25/03. Returns prior to 6/25/03 are those of Old Class A units for Age-Based and Static Allocation Portfolios. Old Class A units are sold to eligible investors and have a maximum front-end sales charge of 3.50%. Old Class A unit will convert to Class A units effective on or after July 26, 2019. Class A units are subject to an annual unitholder fee of 0.25% for Age-Based and Static Allocation Portfolios, Individual Fund Portfolio domestic equity, intl equity and money market and 0.15% for Individual Fund Portfolio fixed income. Although Old Class B and Class B units were merged into Old Class A and Class A respectively effective June 24, 2016, the Old Class B and Class B historical track record for certain Portfolios will continue to be used for calculating Class C historical performance. Class C units for Individual Fund, Age-Based and Static Allocation Portfolios are sold to eligible investors and may be subject upon redemption to a CDSC of 1.00% for units redeemed within the first 12 months. Initial offering of Class C units for Age-Based and Static Allocation Portfolio was on 6/25/03. Returns prior to 6/25/03 are those of Old Class B Aged-Based and Static Allocation Portfolios which had a CDSC that declined from 2.5% to 0.5% over 6 years and had a unitholder's fee of 0.75%. Class C units are subject to a 1.00% annual unitholder fee for all portfolios. Had Class C's unit holder fee been reflected, pre-inception returns would have been lower. Class D units for Individual Fund, Aged-Based and Static Allocation Portfolios are sold to eligible investors with no sales charges and an annual unitholder fee of 0.50%. Initial offering of Class D units for Individual Fund Portfolios was on 6/25/03. Returns prior to 6/25/03 are those of the respective Class P Individual Fund Portfolios, which have no sales charges or CDSC but have an annual unitholder fee of 0.75%. Had Class D annual unitholder fee been reflected, pre-inception returns would have been higher. Class P units for Age-Based and Static Allocation Portfolios and Individual Fund Portfolios are sold to eligible investors with no sales charges and an annual unitholder fee of 0.75%. Class P units are only available within workplace Savings plans.