ACCOUNTS & TRADING
PREMIUM CONTENT & TOOLS
Fidelity Institutional Asset Management®
ACCOUNTS & TRADING
PREMIUM CONTENT & TOOLS
Units of the Portfolio are municipal securities and may be subject to market volatility and fluctuation.
Average Annual Returns are load-adjusted. Average annual total returns include changes in unit price, reinvestment of dividends and capital gains.
Current performance may be higher or lower than the performance data quoted. The performance data featured represents past performance which is no guarantee of future results. Unit price, yield and return will vary and you may have a gain or loss when you sell your units.
P = Prospectus/Offering Statement. Select portfolio name for monthly and quarterly returns, expense ratios, risks, strategy, objectives, and portfolio manager.
View maximum sales charges at bottom of page.
View information about distribution related payments which may be paid to certain Fidelity employees.
* For periods of less than one year, the life of fund number is represented by a cumulative total return. Data in bold represent funds with less than 10 years.
† Gross Expense Ratio is the total annual class operating expense ratio from the most recent prospectus and generally is based on amounts incurred during the most recent fiscal year. Net Expense Ratio is the total annual fund or class 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.
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.
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.