U f Percentage of Income from U.S. Government Securities

IMPORTANT TAX INFORMATION

Updated March 2019, to include Strategic Advisers funds.

2018 Percentage of Income from U.S. Government Securities

Information for state tax reporting

We are sending this information to help you prepare your state income tax return. If you owned shares of any of the Fidelity funds listed in the table on the following pages during 2018, a portion of the dividends you earned may be exempt from your state's income or investment tax. Most states exempt the dividend income derived from a fund's investments in U.S. government securities.

To determine the portion of dividends that may be exempt from state tax, in your 2018 Tax Reporting Statement, multiply the "total ordinary dividends" amount for each applicable fund by the percentage listed in the table on the following pages of this letter. The "total ordinary dividends" amounts are reported by fund in your 1099 Tax Reporting Statement: ? For Fidelity brokerage accounts: in the Supplemental Information portion of your 2018 1099 Tax Statement, find the

Details of 1099-DIV Transactions, Total Ordinary Dividends and Distributions Detail, column 1a.

? For Fidelity mutual fund accounts: find the Transaction Details Section of your 2018 year-end Investment Report or your applicable monthly/quarterly account statement.

The following example shows how an investor who earned $1,000 in ordinary dividends from Fidelity? Puritan?

Fund would calculate the portion of ordinary dividends that may be exempt from state income or investment

tax.

Fidelity? Puritan? Fund

Percentage of eligible income

Portion of total ordinary dividends

total ordinary dividends

from U.S. government securities

that may be state tax?exempt

$1,000

X

10.31%

=

$103.10

In this example, $103.10 may be exempt from state tax.

California, Connecticut, and New York exempt dividend income only when a fund has met a certain minimum investment in U.S. government securities. On the following pages, you will notice funds marked with an asterisk (*). These funds did not meet the minimum investment in U.S. government securities required to exempt the distribution from tax in California, Connecticut, and New York.

Your state tax return will contain specific instructions for reporting dividends. You may also wish to consult your tax advisor, who is most familiar with your circumstances and the laws of your home state.

If you have any questions, please call our client services line at 800-544-6666.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

Fidelity Investments and pyramid design logo are registered service marks of FMR LLC.

? 2019 FMR LLC. All rights reserved.

440470.28.0

2018 Percentage of Eligible Income from U.S. Government Securities for Mutual Funds

FUND/PORTFOLIO NAME

SYMBOL

PERCENTAGE

Fidelity Asset Manager? 20%*

FASIX

13.06%

Fidelity Asset Manager? 30%*

FTANX

11.71%

Fidelity Asset Manager? 40%* Fidelity Asset Manager? 50%* Fidelity Asset Manager? 60%* Fidelity Asset Manager? 70%* Fidelity Asset Manager? 85%* Fidelity? Balanced Fund: All Classes * Fidelity? Commodity Strategy Fund* Fidelity? Conservative Income Bond Fund: All Classes* Fidelity? Convertible Securities Fund* Fidelity? Corporate Bond Fund* Fidelity FlexSM Conservative Income Bond Fund* Fidelity FlexSM Core Bond Fund* Fidelity FlexSM Freedom 2005 Fund* Fidelity FlexSM Freedom 2010 Fund* Fidelity FlexSM Freedom 2015 Fund* Fidelity FlexSM Freedom 2020 Fund* Fidelity FlexSM Freedom 2025 Fund* Fidelity FlexSM Freedom 2030 Fund* Fidelity FlexSM Freedom 2035 Fund* Fidelity FlexSM Freedom Income Fund* Fidelity FlexSM Government Money Market Fund* Fidelity FlexSM Inflation-Protected Bond Index Fund Fidelity FlexSM Large Cap Value Fund* Fidelity FlexSM Short-Term Bond Fund* Fidelity FlexSM U.S. Bond Index Fund* Fidelity? Four-in-One Index Fund* Fidelity Freedom? 2005 Fund: All Classes* Fidelity Freedom? 2010 Fund: All Classes* Fidelity Freedom? 2015 Fund: All Classes* Fidelity Freedom? 2020 Fund: All Classes* Fidelity Freedom? 2025 Fund: All Classes* Fidelity Freedom? 2030 Fund: All Classes* Fidelity Freedom? 2035 Fund: All Classes* Fidelity Freedom? Blend 2005 Fund: All Classes* Fidelity Freedom? Blend 2010 Fund: All Classes* Fidelity Freedom? Blend 2015 Fund: All Classes* Fidelity Freedom? Blend 2020 Fund: All Classes* Fidelity Freedom? Blend 2025 Fund: All Classes* Fidelity Freedom? Blend 2030 Fund: All Classes*

FFANX FASMX FSANX FASGX FAMRX Various FYHTX Various FCVSX FCBFX FJTDX FLXCX FERNX FISNX FILSX FULSX FELSX FVLSX FJLSX FTLSX FLGXX FBUIX FVCLX FBSTX FIBUX FFNOX Various Various Various Various Various Various Various Various Various Various Various Various Various

9.23% 7.59% 5.63% 3.93% 2.24% 8.69% 6.61% 3.92% 4.08% 1.52% 5.82% 25.72% 15.37% 11.96% 9.22% 7.39% 6.09% 3.69% 2.06% 19.86% 31.88% 100.00% 1.12% 35.15% 34.42% 4.34% 16.09% 12.47% 9.61% 7.69% 6.25% 3.82% 2.13% 16.84% 12.22% 9.35% 7.22% 5.83% 3.36%

* This fund did not meet the minimum investment in U.S. government securities required to exempt the distribution from tax in California, Connecticut, and New York.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

2018 Percentage of Eligible Income from U.S. Government Securities for Mutual Funds

FUND/PORTFOLIO NAME Fidelity Freedom? Blend 2035 Fund: All Classes* Fidelity Freedom? Blend Income Fund: All Classes* Fidelity Freedom? Income Fund: All Classes* Fidelity Freedom? Index 2005 Fund: All Classes* Fidelity Freedom? Index 2010 Fund: All Classes* Fidelity Freedom? Index 2015 Fund: All Classes* Fidelity Freedom? Index 2020 Fund: All Classes* Fidelity Freedom? Index 2025 Fund: All Classes* Fidelity Freedom? Index 2030 Fund: All Classes* Fidelity Freedom? Index 2035 Fund: All Classes* Fidelity Freedom? Index 2040 Fund: All Classes* Fidelity Freedom? Index 2045 Fund: All Classes* Fidelity Freedom? Index 2050 Fund: All Classes* Fidelity Freedom? Index 2055 Fund: All Classes* Fidelity Freedom? Index 2060 Fund: All Classes* Fidelity Freedom? Index Income Fund - All Classes* Fidelity? Global Balanced Fund* Fidelity? Global Strategies Fund* Fidelity? Government Cash Reserves Fidelity? Government Income Fund* Fidelity? Government Money Market Fund: All Classes Fidelity? Inflation-Protected Bond Fund Fidelity? Inflation-Protected Bond Index Fund: All Classes Fidelity? Intermediate Bond Fund* Fidelity? Intermediate Government Income Fund Fidelity? Intermediate Treasury Bond Index Fund: All Classes Fidelity? Investment Grade Bond Fund* Fidelity? Investments Money Market Government Portfolio: All Classes Fidelity? Investments Money Market Prime Money Market Portfolio: All Classes* Fidelity? Investments Money Market Prime Reserves Portfolio: All Classes* Fidelity? Investments Money Market Treasury Only: All Classes Fidelity? Investments Money Market Treasury Portfolio: All Classes* Fidelity? Limited Term Bond Fund* Fidelity? Limited Term Government Fund Fidelity? Long-Term Treasury Bond Index Fund: All Classes Fidelity Managed Retirement 2005 FundSM* Fidelity Managed Retirement 2010 FundSM* Fidelity Managed Retirement 2015 FundSM* Fidelity Managed Retirement 2020 FundSM* Fidelity Managed Retirement 2025 FundSM* Fidelity Managed Retirement Income FundSM*

SYMBOL Various Various Various Various Various Various Various Various Various Various Various Various Various Various Various Various FGBLX FDYSX FDRXX FGOVX Various FINPX Various FTHRX FSTGX Various FBNDX Various Various Various Various Various FJRLX FFXSX Various FIROX FIRQX FIRSX FIRVX FIXRX FIRMX

PERCENTAGE 1.92%

22.12% 20.71% 32.71% 27.93% 23.33% 19.54% 16.19% 10.11%

5.66% 4.67% 4.63% 4.65% 4.53% 4.30% 36.67% 2.29% 2.82% 56.92% 32.82% 56.16% 99.95% 99.96% 25.00% 46.29% 99.90% 35.86% 53.90% 2.49% 1.16% 100.00% 40.10% 4.40% 54.24% 99.87% 18.52% 14.97% 11.63% 9.30% 7.98% 22.06%

*This fund did not meet the minimum investment in U.S. government securities required to exempt the distribution from tax in California, Connecticut, and New York.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

2018 Percentage of Eligible Income from U.S. Government Securities for Mutual Funds

FUND/PORTFOLIO NAME Fidelity? Multi-Asset Income Fund* Fidelity? Nasdaq Composite Index? Fund* Fidelity? Nasdaq Composite Index? Tracking Stock* Fidelity? New Markets Income Fund* Fidelity? Puritan? Fund: All Classes* Fidelity? SAI Inflation-Focused Fund Fidelity? SAI International Minimum Volatility Index Fund* Fidelity? SAI Long-Term Treasury Bond Index Fund Fidelity? SAI Total Bond Fund* Fidelity? SAI U.S. Treasury Bond Index Fund Fidelity? Series Commodity Strategy Fund* Fidelity? Series Corporate Bond Fund* Fidelity? Series Emerging Markets Debt Fund* Fidelity? Series Government Bond Index Fund Fidelity? Series Government Money Market Fund* Fidelity? Series Inflation-Protected Bond Index Fund Fidelity? Series International Credit Fund* Fidelity? Series Investment Grade Bond Fund* Fidelity? Series Investment Grade Securitized Fund* Fidelity? Series Long-Term Treasury Bond Index Fund Fidelity? Series Short-Term Credit Fund* Fidelity? Series Treasury Bill Index Fund Fidelity? Short-Term Bond Fund* Fidelity? Short-Term Bond Index Fund: All Classes Fidelity? Short-Term Treasury Bond Index Fund: All Classes Fidelity Simplicity RMD 2005 FundSM* Fidelity Simplicity RMD 2010 FundSM* Fidelity Simplicity RMD 2015 FundSM* Fidelity Simplicity RMD 2020 FundSM* Fidelity Simplicity RMD FundSM* Fidelity? Strategic Income Fund Fidelity? Strategic Income Fund* Fidelity? Strategic Real Return Fund* Fidelity? Sustainability Bond Index Fund: All Classes* Fidelity? Total Bond Fund* Fidelity? Total Bond K6 Fund* Fidelity? Total Emerging Markets Fund* Fidelity? Treasury Money Market Fund: All Classes* Fidelity? Treasury Only Money Market Fund Fidelity? U.S. Bond Index Fund: All Classes* Strategic Advisers? Fidelity? Core Income Fund*

SYMBOL FMSDX FNCMX ONEQ FNMIX Various FIFGX FSKLX FBLTX FSMTX FUTBX FCSSX FHMFX FEDCX FHNFX FGNXX FSIPX FCDSX FSIGX FHPFX FTLTX FYBTX FHQFX FSHBX Various Various FIRPX FIRRX FIRUX FIRWX FIRNX FADMX FSICX FSRRX Various FTBFX FTKFX FTEMX Various FDLXX Various FIWGX

PERCENTAGE 34.38% 5.19% 4.74% 1.56% 10.31% 96.13% 1.07% 99.93% 27.14% 99.62% 7.13% 2.68% 1.95% 96.45% 56.52% 99.97% 1.32% 26.94% 7.28% 99.89% 8.55% 99.77% 20.40% 62.04% 99.93% 19.37% 15.25% 11.18% 8.36% 21.05% 8.94% 6.47% 6.73% 36.90% 25.56% 29.94% 1.10% 40.06%

100.00% 30.87% 16.99%

* This fund did not meet the minimum investment in U.S. government securities required to exempt the distribution from tax in California, Connecticut, and

New York.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

2018 Percentage of Eligible Income from U.S. Government Securities for Mutual Funds

FUND/PORTFOLIO NAME Strategic Advisers? Core Income Fund* Strategic Advisers? Short Duration Fund* Strategic Advisers? Core Income Multi-Manager Fund: All Classes* Strategic Advisers? Tax-Sensitive Short Duration Fund*

SYMBOL FPCIX FAUDX Various FGNSX

PERCENTAGE 20.25% 7.34% 17.47% 40.84%

Information for Strategic Advisers? funds will be added, if applicable, to the online version of this letter located in the Fidelity Mutual Fund Tax Information page on in early March.

* This fund did not meet the minimum investment in U.S. government securities required to exempt the distribution from tax in California, Connecticut, and New York.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

2018 Percentage of Eligible Income from U.S. Government Securities for ExchangeTraded Funds (ETFs)

FUND/PORTFOLIO NAME Fidelity Corporate Bond ETF* Fidelity High Yield Factor ETF* Fidelity Limited Term Bond ETF* Fidelity Low Duration Bond Factor ETF* Fidelity Total Bond ETF*

SYMBOL FCOR FDHY FLTB FLDR FBND

PERCENTAGE 0.77% -

17.26% 10.98% 22.94%

Information for Strategic Advisers? funds will be added, if applicable, to the online version of this letter located in the Fidelity Mutual Fund Tax Information page on in early March.

* This fund did not meet the minimum investment in U.S. government securities required to exempt the distribution from tax in California, Connecticut, and New York.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

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