Gustavo Stor De Aguiar

201 Del Sol Dr

Apt 611
San Diego, CA 92108

FIDELITY
INVESTMENT
STRATEGY
For your House Downpayment
Report prepared on July 24, 2023 for
Gustavo Stor De Aguiar

4.IPR-PIDG@0463979461
Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
2

TABLE OF CONTENTS
Creating an Investment Strategy
Dear Gustavo Stor De Aguiar:
Investment Approach You Selected . . . . . . . . . 4
Fees and Expenses . . . . . . . . . . . . . . . . . . . . . . . 5
Thank you for taking the time to review your investment strategy and your goal. This report contains a summary of
what you told us during your online planning session. Your Selected Investment Strategy
Your Target Asset Mix . . . . . . . . . . . . . . . . . . . . . 7

First, congratulations on selecting an investment approach and creating a hypothetical portfolio. Given that this Historical Range of Asset Mix Returns . . . . . . . . 8
portfolio is based on information you provided during your planning session, the hope is that it will help you Your Hypothetical Portfolio . . . . . . . . . . . . . . . 10
reach your goal. However, bear in mind creating a hypothetical portfolio is only a first step. In order to implement Portfolio Diagnostics
this plan and apply it to the accounts assigned to your goal, there are still steps you must take. Asset Mix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Concentration . . . . . . . . . . . . . . . . . . . . . . . . . . 13
What's next? Stock Style . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Review the entire report carefully. On most pages you’ll see a suggested next step, which offers a helpful tip on
Stocks — Sector Distribution . . . . . . . . . . . . . . 15
what additional actions you may want to consider. We also recommend you come back and take a look at the way
Bond Style . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
you’re invested for this goal regularly. If something in your life has changed or the markets have moved
significantly in either direction, you might want to consider rebalancing your investments or conducting an Bond — Sector Distribution . . . . . . . . . . . . . . . 17
additional review. Bond Credit Quality . . . . . . . . . . . . . . . . . . . . . 18
Your Goal & Personal Information Summary
If you have any questions about this report, please don't hesitate to contact us at 800-343-3548. We look forward to About Your Goal . . . . . . . . . . . . . . . . . . . . . . . . 20
helping you reach your investment goals. Appendix
Information About Investments
Under Consideration . . . . . . . . . . . . 22
Sincerely,
Information You Provided . . . . . . . . . . . . . . . . . 23
Glossary & Important Information . . . . . . . . . . 24

Chris McDermott
Senior Vice President
Planning and Guidance
Fidelity Investments
NEXT STEPS
Throughout this report, you'll find
information about the investment
strategy you chose and the hypothetical
NOTICE: Unsettled transactions and margin balances affect account balances, holdings data, and analytical information presented.
Please refer to your account statement and any statements from the respective financial institution for accounts included in the portfolio you created. If you believe this
Planning & Guidance Center (the "Tool"). portfolio will help you meet your goal,
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 you may want to consider implementing
it.
CREATING AN INVESTMENT
STRATEGY
This section contains the Investment Approaches that were presented to you
during your planning session, as well as other educational information
intended to help you understand your responsibilities and options when
selecting and managing investments for your goal.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
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Investment Approach You Selected

The investment approach you selected for your goal is outlined below. We suggest reviewing all investment approaches listed to ensure your selection still
makes sense for your goal. For more on Fidelity's investment approaches, see the Methodology or Important Information section, or contact a Fidelity
investment professional.

How It Works Take Note

Managed Account
Ongoing support and a
personalized strategy make
it easy for you to stay on
track
· A professionally managed portfolio based on a personal No investment minimums apply for your Fidelity workplace plan; for
investment strategy aligned to your needs all other accounts initial investment minimums may vary
· Your money can be managed based on the unique aspects of your
specific financial situation
· Stay on track with proactive outreach and support

Target Allocation Fund
One fund with a diverse
asset mix makes investing
simple
· A single fund that provides an asset mix based investment No investment minimums apply for your Fidelity workplace plan; for all
strategy you can align to your current risk tolerance other accounts initial investment minimums may vary
· The asset mix remains steady
· You can change into another fund with a different asset mix at any
time

Model Portfolio
Use or edit different asset
allocations models based
on your risk tolerance
· A self-managed investment strategy made up of multiple No investment minimums apply for your Fidelity workplace plan; for
investments all other accounts initial investment minimums may vary
· Start with a suggested Model Portfolio based on your situation
and risk tolerance
· On-going maintenance to be done by the account holder with or
without Fidelity's help

Asset Allocation Services Provided describes the level of assistance that may be available in adjusting an asset mix over time as your goal, personal circumstances, or time horizon change. In applying the results to your
individual situation, be sure to consider other assets, income, and investments (e.g., home equity, savings accounts, or other retirement accounts) in addition to assets designated for this goal. Other investment alternatives
having similar risk and return characteristics may be available for this account (or accounts).
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
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Fees and Expenses

The chart below allows you to compare the approximate fees of each highlighted investment approach available within this tool. The investment approach you
ultimately selected for your goal is outlined in the chart.

Fees and Expense by Investment Approach

Manag ed Account s ffgg Tar get Allo catio n hh Mo del P or tfo lio hh

Assigned Accounts Target Allocation Fund Model Portfolio

Managed Account*
Transaction fees may apply Transaction fees may apply

Automated Investing *****7720 Gross Advisory Fee: 0.35% - 1.5%
+Applicable Fund Fees
f f f f
Advisory Fee: 0.00% Advisory Fee: 0.00%
Fund Expense Ratio (Net): 0.51% - Fidelity Active Model Net Expense
0.72% Ratio: 0.24%-0.65%
Fidelity Blended Model Net
Expense Ratio: 0.34%-0.96%
Index Model-ETF Net Expense
Ratio: 0.08%-0.16%
Index Model-Mutual Fund Net
Expense Ratio: 0.00%-0.34%
f f f

Fees and Expenses for Fidelity Workplace plan accounts are based on information Fidelity has been provided as of the prior business day. Fees and Expenses for all other eligible accounts are as of 12/2021.
Managed Account: For Fidelity Workplace plan accounts, discretionary investment management services provided through Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser or a
third-party, depending on availability in your workplace savings plan. These services are provided for a fee. For all other eligible accounts, discretionary investment management services provided through FPWA.

The advisory fee for a Fidelity managed account does not cover charges resulting from trades effected with or through broker-dealers other than Fidelity affiliates, mark-ups or mark-downs by broker-dealers, transfer
taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, or any other charges imposed by law or otherwise applicable to a managed account. Investors will also
incur underlying expenses, if any, associated with the investment vehicles selected for the account.

For Fidelity and non-Fidelity managed accounts, please refer to the applicable Program Fundamentals for information on advisory fees and general eligibility.
Target Date Fund and Target Allocation Fund: For Fidelity Workplace plan accounts, Target Date Fund and Target Allocation Fund expense ratios reflect the range of expense ratios for all funds identified in each
category available in your workplace savings plan. For all other eligible accounts, ratios reflect the range of expense ratios for the Fidelity Freedom Funds®, including Fidelity Freedom® Index Funds, and Fidelity Asset
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
6

Fees and Expenses (continued)

Manager® Funds, respectfully. In contrast to a target allocation fund, a target date fund shifts its asset allocation over to time to provide a different level of investment risk as the target date approaches. For more
information on fund fees, please refer to the applicable fund prospectus.<br><br>Model Portfolio: For Fidelity Workplace plan accounts, Model Portfolio expense ratios reflect the total range of asset-weighted net
expense ratios for multiple-fund model portfolios comprised of options available in your workplace savings plan. For all other eligible accounts, ratios reflect the total range of asset-weighted net expense ratios for Fidelity
fund only multiple-fund model portfolios. Additional model portfolios including non-Fidelity funds may also be available for selection. For more information on model portfolios, please refer to the Important Information
section in this report and the Methodology.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
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Your Target Asset Mix WHAT DOES THIS MEAN?

The chart shows a comparison between
The Target Asset Mix you modeled during your planning session is Balanced, which may be appropriate for investors who the current asset mix of the account(s)
want the potential for capital appreciation and some growth and can withstand moderate fluctuations in market value. assigned to your goal and the Target
Asset Mix you modeled during your
planning session. Although your analysis
reflects this Target Asset Mix, note that
modeling a change during a planning
session does not make any changes to
any of the accounts assigned to your
goal.* You will have to make those
changes yourself.
Current Asset Mix Target Asset Mix

NEXT STEPS
The stock portion of your You selected this Target
During the Target Asset Mix selection
current asset mix appears to Current Target Asset Mix without Fidelity's
process, you were presented with the
differ significantly from your Asset Mix Variance Asset Mix assistance
opportunity to provide additional
Target Asset Mix.
Domestic Stock 0% -35% 35% information about your personal
Title Title financial situation by responding to an
Foreign Stock 0% -15% 15% Investor Profile Questionnaire. If you did
not respond to this questionnaire or
Bonds 0% -40% 40% believe that the Target Asset Mix shown
here is not aligned with your situation,
Short-Term 100% 90% 10% you may want to revisit the Investment
Balanced
Strategy tool and review the
Unknown 0% N/A N/A
questionnaire.
Other 0% N/A N/A

Your current asset allocation and its alignment to your Target Asset Mix is evaluated solely on the basis of the aggregate percentage of holdings in your selected
accounts identified as "Domestic Stock" and "Foreign Stock". If a large percentage of your holdings are identified as "Unknown" or "Other", the asset allocation
assessment presented may be inaccurate and may not reflect the level of risk inherent in the selected accounts. Diversification and/or asset allocation do not
ensure a profit or guarantee against a loss. Please refer to the Important Information section of this report or the Methodology for more details.
Please note that underlying investments held in a mutual fund, other pooled investment vehicle, or subaccount of a variable annuity are considered individually in
this analysis. They are separated and sorted into whichever asset class they best fit based on holdings data provided by a third-party vendor. If holdings data is not
available to Fidelity, the interest is categorized as Unknown. The Other category includes non-asset class holdings (i.e., identified holdings that cannot be
categorized as stocks, bonds, or short-term investments). For additional details, please refer to the Glossary and Important Information section of this report.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
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Historical Range of Annual Returns for Target Asset Mixes (1926-2017)

The figures below show the highest and lowest 1- and 15-year annual returns for all nine Target Asset Mixes. The Target Asset Mix you selected for
the accounts assigned to this goal during your planning session either matches or most closely resembles the Target Asset Mix that is highlighted.

Moderate with Growth with Aggressive Most

Short-Term Conservative Income Moderate Balanced Income Growth Growth Aggressive

Domestic Stocks

Foreign Stocks

Bonds

Short-Term

+200%
162.89%
150% 136.07%
109.55%
100% 93.08%
76.57%
60.79%
45.78%
50% 31.06% Highest 1-Year Return
15.20% 11.54% 12.69% 13.72% 14.74% 15.76% 16.49% 17.85% 19.03%
8.33%
0% Lowest 1-Year Return
-0.04% 0.21% 2.90% 3.07% 2.96% 2.75% 2.42% 1.83% 0.91% -0.41%
-17.67% -25.99% Highest 15-Year Return
-50% -33.62% -40.64% -47.07% -52.92% -60.78% -67.56%
Lowest 15-Year Return
-100%

Average 3.24% 5.75% 6.51% 7.14% 7.74% 8.31% 8.75% 9.45% 9.97%
Annual
Return:

Asset mix performance figures are based on the weighted average of annual return figures for certain benchmarks for each asset class represented. Historical returns and volatility of the stock, bond, and short-term
asset classes are based on the historical performance data from 1926 through the most recent year-end data available from Morningstar. Domestic equities are represented by: the S&P 500 Index from the year 1926
through 1986 and the Dow Jones U.S. Total Market Index from 1987 through the last calendar year. Foreign equities are represented by: the S&P 500 index from 1926 through 1969, the MSCI EAFE from 1970 through
2000, and the MSCI ACWI Ex USA Index from 2001 through the last calendar year. Bonds are represented by: U.S. intermediate-term bonds from 1926 through 1975 and the Bloomberg Barclays U.S. Aggregate Bond
Index from 1976 through the last calendar year. Short-term assets are represented by 30-day U.S. Treasury bills. It is not possible to invest directly in an index. Although past performance does not guarantee future
results, it may be useful in comparing alternative investment strategies over the long term. Performance returns for actual investments will generally be reduced by fees and expenses not reflected in these investments
hypothetical illustrations. Indexes are unmanaged.
Generally, among asset classes stocks are more volatile than bonds or short-term instruments and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments.
Although the bond market is also volatile, lower-quality debt securities including leveraged loans generally offer higher yields compared to investment grade securities, but also involve greater risk of default or price
changes. Foreign markets can be more volatile than U.S. markets due to increased risks of adverse issuer, political, market or economic developments, all of which are magnified in emerging markets.
YOUR SELECTED
INVESTMENT STRATEGY
This section contains the Target Allocation Fund(s) you selected for your hypothetical
portfolio. It also compares your current asset mix to the Target Asset Mix you selected
and provides hypothetical historical asset mix performance data for your review. Please
ensure your selected investment strategy reflects your personal financial situation.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
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Your Hypothetical Portfolio WHAT DOES THIS MEAN?

This shows a summary of the investment
The investment options you selected for your hypothetical portfolio are shown below. For more information about the screening
options that you selected while building
process, see the Methodology or contact a Fidelity investment professional.
your hypothetical portfolio during your
planning session. Note that the
For the following account(s), the table shows the Target Allocation Fund you chose. portfolio shown here is hypothetical in
nature and that selecting these
Automated Investing *****7720 | $1,272 investments using the tool does not
You have selected this fund without Fidelity's help. For the implementation of this investment approach, it is assumed that for each account you intend make any changes to the accounts
to sell all current positions and buy all the positions listed in the table. assigned to your goal. You would have
to make those yourself.
Symbol Name Category % of Account

FFANX Fidelity Asset Manager 40% Moderately Conservative Allocation 100.00% NEXT STEPS
Total: 100% When you are presented with a new
investment strategy you may accept,
reject, or modify these strategies as you
see fit. These strategies do not consider
the effect of taxes, fees, and/or
expenses associated with investing.
Please consult with your investment or
tax advisor, if applicable, prior to taking
action. For non-Fidelity accounts
assigned to your goal; these are
assumed to be eligible for transfer or
rollover to a Fidelity account, and
therefore eligible for all investment
options presented.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if
available, a summary prospectus containing this information. Read it carefully.
In applying the results to your individual situation, be sure to consider other assets, income, and investments (e.g., home equity, savings accounts or other
retirement accounts) in addition to assets designated for this goal. Other investment alternatives having similar risk and return characteristics may be available for
this account (or accounts). For more information about Your Hypothetical Portfolio and other investment strategies offered by the Tool, please refer to the Important
Information section of this report and the Methodology.
Based on the variety of information you have provided about yourself and your personal investing accounts, the Planning & Guidance Center seeks to identify for
your review the Fidelity Asset Manager Fund closest to the Target Asset Mix (TAM) selected for this goal. Your goal and account information is evaluated against
the range of Fidelity TAMs to establish an upper limit (in terms of risk) for each of your assigned accounts. You should consider other factors that may be relevant in
selecting a particular target allocation fund.
PORTFOLIO DIAGNOSTICS
The following pages contain diagnostics of the accounts you've assigned to your
goal, as well your hypothetical portfolio, if you've created one. Diagnostics include a
comparison of your current asset mix and Target Asset Mix, an evaluation of whether
your selected investment strategy may be at increased risk due to concentrated
positions, and a comparison of your stock and bond styles to a sample benchmark.

For accounts where the selected investment approach is unavailable, it is assumed

that all current holdings will be carried over to the hypothetical portfolio and are
included in the hypothetical portfolio diagnostics.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
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Asset Mix WHAT DOES THIS MEAN?

An asset mix refers to the combination
The stock portion of your hypothetical portfolio appears to be aligned with your Target Asset Mix.
of stocks, bonds, and short-term
investments in a portfolio. Depending
on the combination, asset mixes can
range from very conservative, focusing
Your Target Asset Mix
35% 15% 40% 10% N/A N/A
mostly on preserving capital, to very
Balanced aggressive, focusing primarily on
Growth. On this page, we're comparing
Your Current Portfolio 0% 0% 0% 100% 0% 0% the asset mix of your current and
hypothetical portfolios to your selected
Hypothetical Portfolio 26% 19% 50% 3% 0% 1% Target Asset Mix.
The stock portion of your hypothetical
portfolio appears to be aligned with
your Target Asset Mix.

NEXT STEPS
If the stock portion of either your
current asset mix or hypothetical
% Asset Class Distribution

portfolio is not aligned with your Target

Asset Mix, you may want to consider
making some adjustments to either your
current investments or your hypothetical
portfolio.

Domestic Foreign Bonds Short-Term Unknown Other

Stock Stock

O Your Target Current Portfolio Hypothetical Portfolio

If you've assigned accounts to a goal, the holdings in those accounts are sorted among several major asset classes, including domestic stocks and foreign stocks
(equities), bonds (fixed income), short-term securities (cash, cash equivalents, CDs, money market funds, etc.), unknown, and other. Please note that underlying
investments held in a mutual fund, other pooled investment vehicle or subaccount, or a variable annuity are considered individually. They are separated and sorted
into whichever asset class they best fit, based on holdings data provided by a third-party vendor. If holdings data is not available to Fidelity, the interest is
categorized as "Unknown." The "Other" category includes non-asset class holdings (i.e., identified holdings which cannot be categorized as stocks, bonds or
short-term investments). If a large percentage is identified as "Unknown" or "Other," your asset mix assessment may not accurately reflect the current risks inherent
in your selected accounts. For manual accounts, you may either enter specific allocations or select from sample asset mixes. A representative model asset mix for
the accounts assigned to your goal is then identified based on the percentage of stock holdings in your assigned accounts for comparison to a selected Target
Asset Mix (TAM).
For more information about your current asset mix and Fidelity Target Asset Mixes, please refer to the Important Information section of this report, the Methodology,
or contact a Fidelity investment professional.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
13

Concentration WHAT DOES THIS MEAN?

A concentrated position is defined as
Current Portfolio: You do not appear to hold any concentrated positions. any stock, including company stock, or
fixed income issuer that makes up 5% or
more of the assets you assign to a goal.
Symbol/ Cost Basis
Issuer/Description Account Amount % of Account Having a concentrated position can
CUSIP Gain/Loss*
increase the chances that your portfolio
Concentrated Positions may be overly influenced by the
performance of a single security or
You do not appear to hold a concentrated position in any one security.
company, which could have a significant
negative impact on the value of your
Hypothetical Portfolio: Your hypothetical portfolio does not appear to hold any concentrated positions. holdings. In general, the greater the
concentration, the greater the risk.
Fidelity suggests you review your
Symbol/ holdings regularly. Though not a
Issuer/Description Account Amount % of Account
CUSIP concentrated position, if your Fidelity
account(s) hold CDs from one issuing
Concentrated Positions
bank with a combined total value
You do not appear to hold a concentrated position in any one security. exceeding the FDIC limit, those
identified positions will also be listed in
this chart.

NEXT STEPS
You may want to consider reducing your
holdings in any securities in which you
hold a concentrated position and review
any other accounts you did not include
in this planning session to see if they
have concentrated positions.

Note: This analysis of concentration only considers specific types of equity and fixed income holdings in which you have direct ownership, including individually held
common stock, ADRs, REITs, UITs, CDs, and preferred stock. Excluded from this analysis are U.S. Treasury securities and the underlying holdings of mutual
funds, ETFs, or other pooled investment options in which you hold an interest. Individual holdings from the same issuer across your selected accounts are
combined to calculate concentrated positions. While CDs are excluded from the analysis of your portfolios, the tables will display any CDs you own valued over the
FDIC limit (usually $250,000).
*Cost Basis Gain/Loss is for informational purposes only. It is an estimate of the amount that you could potentially realize upon the sale or other disposition of your
holdings after cost basis is subtracted from the market value, based on the previous market day's closing price. The cost basis used may not reflect all adjustments
relevant to your investment or tax situation. Cost Basis Gain/Loss does not reflect the transaction fees you may incur if you were to sell or dispose of these
holdings. You should consult with a tax advisor to address any questions related to tax planning. Cost Basis Gain/Loss information may show as N/A if cost basis is
not available. For tax-advantaged accounts (including, for example, IRAs and retirement plan accounts), Cost Basis Gain/Loss should not be used for tax
purposes. Cost basis is not available for holdings within Full View (FV) or Manual (M) accounts.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
14

Stock Style WHAT DOES THIS MEAN?

The accompanying charts show the style
of the stock holdings in both your
Current Portfolio Benchmark Hypothetical Portfolio current portfolio and your hypothetical
portfolio, as determined by the market
capitalization and valuation of the
Your current portfolio does not contain This chart represents the stock style of the The style of the stock holdings in your stocks in those accounts. For
sufficient identified stock holdings for us to Dow Jones U.S. Total Market Index, which is hypothetical portfolio appears to be aligned comparison purposes, the stock style of
assess your market capitalization and being shown for comparison purposes. with the market capitalization and valuation the Dow Jones U.S. Total Market Index
valuation style. style of the Dow Jones U.S. Total Market
is shown.
Index.
The style of the stock holdings in your
This chart represents 100% ($578.89) of the hypothetical portfolio is categorized as
domestic and foreign stock holdings in your Large Growth. Please refer to the
hypothetical portfolio.
Glossary of Terms for more details.
In general, a well-diversified portfolio
Your current portfolio Dow Jones U.S. Total Your hypothetical portfolio may mirror the stock style of the
Stock Market Index broader market, which may make your
portfolio less susceptible to a downturn
Large

Large

Large
0% 0% 0% 16% 24% 35% 11% 29% 34%
in any particular stock style.
Diversification, however, does not
ensure profit or guarantee against loss.
MARKET CAP

MARKET CAP

MARKET CAP
Medium

Medium

Medium
0% 0% 0% 5% 10% 5% 4% 8% 7%
NEXT STEPS
If you believe that the style of the stock
holdings in either your current or your
0% 0% 0% 1% 2% 1% 2% 2% 2%
hypothetical portfolio does not meet
Small

Small

Small
your investment needs, you may want to
consider making changes.
Value Blend Growth Value Blend Growth Value Blend Growth
VALUATION VALUATION VALUATION

Please note that, generally, in these charts, stocks held in a mutual fund or sub-account of a variable annuity are considered individually. They are separated and
sorted into whichever category they best fit. Stocks contained within any other pooled investment vehicle are not considered individually. They are aggregated, and
their combined style is used to sort them all into a single category. Please note that any holdings reported as "Other" or "Unknown" in your portfolio are not
reflected in the above diagnostics.
StyleMap depictions of characteristics are produced by Fidelity using data sourced from Morningstar, Inc., and MarketMap Analytic Platform. Generally, the
StyleMap shows the overall style of assets classified as stock held in the accounts selected for this analysis using two common measures: size and valuation. Size
refers to market capitalization of companies provided by S&P Compustat, such as large cap, mid-cap, and small cap. Valuation measures the price of the stock
against the value of the company and the value other investors have placed on the company's future earnings. The sum of these two ratios determines whether a
stock is a growth, value, or blend stock. The chart also compares your equity holdings with those of the broader equity market, as represented by the Dow Jones
U.S. Total Stock Market Index. The closer your holdings are to the benchmark, the closer your holdings are to the weighted style of the broader market. Please
refer to the Terms and Definitions for more information.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
15

Stocks — Sector Distribution WHAT DOES THIS MEAN?

The accompanying chart shows the
This chart represents 100% ($579.01) of the domestic and foreign stock holdings in your hypothetical portfolio. We are sector distribution of the stock holdings
not able to show the sector distribution of the stock holdings in your current portfolio. in both your current portfolio and your
hypothetical portfolio, as determined by
Morningstar's sector classifications. For
Current
0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% comparison purposes, the sector
Portfolio
distribution of the Dow Jones U.S. Total
Benchmark 29% 12% 13% 11% 9% 8% 6% 2% 4% 3% 3% 0% Market Index is shown.
In general, a well-diversified portfolio
Hypothetical
21% 14% 13% 11% 11% 7% 7% 6% 4% 3% 2% 0% may mirror the sector distribution of the
Portfolio broader market, which may make your
portfolio less susceptible to a downturn
in any particular sector. Diversification,
however, does not ensure profit or
guarantee against loss.

NEXT STEPS
% Sector Distribution

If you believe that the sector

distribution of the stock holdings in
either your current or your hypothetical
portfolio does not meet your
investment needs, you may want to
consider making changes.
Ser ti o n
Cy c me r

D ef sume r
Ser c i al

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R ea
mu
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C om

Bas

MORNI NGSTAR CATEGORI ES

Your Current Portfolio Your Hypothetical Portfolio Dow Jones U.S. Total Market Index

Please note that in this chart generally domestic and foreign stocks held in a mutual fund or subaccount of a variable annuity are considered individually. They are
separated and sorted into whichever category they best fit. Stocks contained within other pooled investment vehicles are not considered individually. They are
aggregated, and their combined style is used to sort them all into a single category. Any holdings reported as Other or Unknown in your selected accounts are not
reflected in the above diagnostics.
The Dow Jones U.S. Total Market Index, an unmanaged market capitalization-weighted index of common stocks, is a registered service mark of Dow Jones &
Company, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates. Other indexes may be more appropriate to your investment
approach. It is not possible to invest directly in an index.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
16

Bond Style WHAT DOES THIS MEAN?

The accompanying charts show the
credit and duration style of the bond
Current Portfolio Benchmark Hypothetical Portfolio holdings in both your current portfolio
and your hypothetical portfolio, as
determined by the credit quality and
Your current portfolio does not have This chart represents the bond style of the The style of the bond holdings in your duration of the bond holdings in those
sufficient identified bond holdings for us to Bloomberg Barclays U.S. Aggregate Bond hypothetical portfolio appears to be aligned accounts. For comparison purposes, the
assess your bond style. Index, which is being shown for comparison with the Bloomberg Barclays U.S. Aggregate bond style of the Bloomberg Barclays
purposes. Bond Index.
U.S. Aggregate Bond Index is shown.
This chart represents 100% ($638.14) of the The style of the bond holdings in your
bond holdings in your hypothetical portfolio. hypothetical portfolio is categorized as
Intermediate Investment Grade. Please
refer to the Glossary of Terms for more
details.
Your current portfolio Bloomberg Barclays U.S
Your hypothetical portfolio In general, a well-diversified portfolio
Aggregate Bond Index may mirror the bond style of the
Non-Investment Investment

Non-Investment Investment

Non-Investment Investment
broader market, which may make your
portfolio less susceptible to a downturn
Credit Quality

Credit Quality

Credit Quality
Grade Grade

Grade Grade

Grade Grade
0% 0% 0% 0% 100% 0% 0% 100% 0%
in any particular bond style.
Diversification, however, does not
ensure profit or guarantee against loss.
0% 0% 0% 0% 0% 0% 0% 0% 0%

NEXT STEPS
If you believe that the style of the bond
Short Intermediate Long Short Intermediate Long Short Intermediate Long
Duration Duration Duration
holdings in either your current or your
hypothetical portfolio does not meet
your investment needs, you may want to
consider making changes.

Please note that, generally, in these charts, bonds contained within a mutual fund, other pooled investment vehicle, or subaccount of a variable annuity are not
considered individually. They are aggregated, and their combined style is used to sort them all into a single category. Any holdings reported as "Other" or
"Unknown" in your portfolio are not reflected in the above diagnostics.
StyleMap depictions of characteristics are produced by Fidelity using data sourced from Morningstar, Inc.; Bloomberg; Standard & Poor's; and Moody's. The
StyleMap shows the overall style of the bonds held in the accounts you have selected for this analysis using two common measures: credit quality and duration.
Credit quality refers to the average credit rating of bonds in your accounts. Duration is a composite measure of a bond's maturity and coupon payments. Duration is
also a measure of a bond's interest rate risk. The StyleMap also compares your bond holdings with those of the broader bond market, as represented by the
Bloomberg Barclays U.S. Aggregate Bond Index. The closer your bond holdings are to the benchmark, the closer your bond holdings are to the weighted style of
the broader market. In general, the bond market is volatile, and fixed income securities, including mutual funds and other pooled investment vehicles that invest in
fixed income securities, carry risk. Please refer to Glossary and Important Information for chart terminology and additional details.
The Bloomberg Barclays U.S. Aggregate Bond Index is provided for educational purposes only. Other indexes may be more appropriate for your investment
approach.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
17

Bond — Sector Distribution WHAT DOES THIS MEAN?

Taxable Bonds you may hold are
Taxable Bond Sectors Municipal Bond Sectors compared to the sector distribution of
This chart represents 100% ($638.14) of the bond the Bloomberg Barclays U.S. Aggregate
holdings in your hypothetical portfolio. We are not able You do not have a sufficient number of municipal bond Bond Index. Municipal Bonds you may
to show the sector distribution of the taxable bond holdings in your current portfolio or have too many holdings hold are compared to the sector
holdings in your current portfolio. categorized as "Other" or "Unknown" for us to display this distribution of the Bloomberg Barclays
information. Municipal Bond Index.
In general, a well-diversified portfolio
Current
Portfolio
0% 0% 0% 0% may mirror the sector distribution of the
broader market, which may make your
Benchmark 35% 23% 42% 0% portfolio less susceptible to a downturn
Hypothetical in any particular bond sector.
38% 28% 25% 9% Diversification, however, does not
Portfolio
ensure profit or guarantee against loss.

NEXT STEPS
If you believe that the sector
distribution of the bond holdings in
% sector distribution

either your current or your hypothetical

portfolio does not meet your
investment needs, you may want to
consider making changes.
orate

Back t
cy

it

ed
sse

able
Cred
Agen

ge A
Corp

r Tax
Gov

a
Mortg

Othe

Your Current Portfolio

Your Hypothetical Portfolio
Bloomberg Barclays U.S. Aggregate
Bond Index
Please note that in this chart, bonds contained within a mutual fund, other pooled investment vehicle, or subaccount of a variable annuity are con-sidered
individually. They are separated and sorted into whichever category they best fit. Any holdings reported as "Other" or "Unknown" are not reflected in the above
diagnostics.
In general, the bond market is volatile, and fixed income securities, including mutual funds and other pooled investment vehicles that invest in fixed income
securities, carry risk. Please refer to Important Information for additional details. The municipal market can be affected by adverse tax, legislative, or political
changes, and by the financial condition of the issuers of municipal securities.
Depictions of characteristics are produced by Fidelity using data sourced from Lipper and Bloomberg. The Bloomberg Barclays U.S. Aggregate Bond Index and
Bloomberg Barclays Municipal Bond Index are provided for educational purposes only. Other indexes may be more appropriate for your investment approach
 BondSector

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar

18

Bond Credit Quality WHAT DOES THIS MEAN?

The accompanying chart shows the
This chart represents 100% ($638.14) of the bond holdings in your hypothetical portfolio. We are not able to show the ratings distribution of the bond
ratings distribution of the bond holdings in your current portfolio. holdings in both your current and your
hypothetical portfolio, as determined by
the credit ratings assigned to those
Current Portfolio 0% 0% 0% 0% 0% 0% 0% 0%
bond holdings by Standard & Poor's
Benchmark 80% 5% 8% 7% 0% 0% 0% 0% and Moody's Investors Service. For
comparison purposes, the bond ratings
Hypothetical Portfolio 49% 2% 16% 26% 5% 2% 0% 1% distribution of the Bloomberg Barclays
U.S. Aggregate Bond Index is shown.
In general, a well-diversified portfolio
may mirror the bond ratings distribution
% Rating Distribution

of the broader market, which may make

your portfolio less susceptible to a
downturn in any particular portion of
the bond market. Diversification,
however, does not ensure profit or
guarantee against loss.

NEXT STEPS
If you believe that the ratings
distribution of the bond holdings in
either your current or your hypothetical
portfolio does not meet your
AAA/Aaa AA/Aa A BBB/Baa BB/Ba B Below B Unrated
investment needs, you may want to
consider making changes.

Investment Grade Non-Investment Grade

Your Current Portfolio Your Hypothetical Portfolio Bloomberg Barclays U.S. Aggregate
Bond Index

Please note that, generally, in this chart, bonds contained within a mutual fund, other pooled investment vehicle, or subaccount of a variable annuity are considered
individually.
The bond credit quality information provided on this page is derived from multiple sources. Bond holdings are displayed under the generic rating categories of
Moody's and S&P, without consideration of modifiers for either rating agency (1, 2, or 3 for Moody's, or +/– for S&P). For an explanation of the ratings categories
and modifiers for Moody's and S&P, please visit Fidelity.com. Please note that the methodology used in assigning a specific rating to a bond reflected in the
Bloomberg Barclays U.S. Aggregate Bond Index may differ from the methodology used in assigning a specific rating to a bond held in your selected
accounts, and the chart should be used for general educational purposes only. Please see Important Information for specific details regarding
methodology.
The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based index that measures investment-grade taxable bonds and is provided for educational
purposes only. Other indexes may be more appropriate for your investment approach. In general, the bond market is volatile, and fixed income securities, including
mutual fund and other pooled investment vehicles that invest in fixed income securities, carry risk. Please see Glossary and Important Information for chart
terminology and additional data.
YOUR GOAL & PERSONAL
INFORMATION SUMMARY
The following section contains the goal information and assigned accounts
you have provided to us and the information we know about you that we
have used about your goal.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
20

About Your Goal: House Downpayment WHAT DOES THIS MEAN?

In reviewing your goal, we only
A summary of the goal information and assigned accounts you provided during your planning session is shown considered accounts that you assigned
below. You may change any of this by revisiting your goal using the online experience. to the goal using the Tool. You may
have accounts you have earmarked for
this goal that were not considered, and
the value of those accounts may change
Goal Information from day to day.
What are you saving for? Emergency Fund
NEXT STEPS
When will you need the money? 2028
Be sure that you've included all the
accounts that you'll be using for this
Accounts Assigned goal.
Account Name Account Number Type Owner* Balance As of Date

Automated Investing *****7720 Taxable Gustavo $1,271.71 07/21/2023

Total: $1,271.71

The analysis only includes accounts assigned to your goal. Fidelity is not able to verify the accuracy, timeliness or completeness of information regarding accounts
accessible via the Full View service [denoted (FV)] or that you manually enter in the Planning & Guidance Center (the "Tool") [denoted (M)] or other planning tool
interactions. Fidelity authorized accounts [denoted (AA)] may be included above. You should always confirm the current valuation of your holdings prior to making
any financial decision. Information regarding accounts that hold positions in foreign currency from your outside accounts is not available in the Tool, but may be
available via the Full View service.
*The tool does not differentiate ownership or access limitations for any Authorized and Full View accounts you include in your planning session.
You will be displayed as the owner regardless of your actual ownership of the account.
APPENDIX
The following pages contain a snapshot of the investment options in your
hypothetical portfolio, if you created one, as well as a summary of the information
that was used to present these options. Please review the Investment Strategy
Methodology as well as the Important Information and a Glossary of Terms
sections of this document to learn more.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
22

Information About Investments Under Consideration

The chart below illustrates the performance information and certain fees for any investments that appear in the investment strategy you selected. Please be sure to
also review each investment's prospectus for more information before investing. Prospectuses are available at Fidelity.com, by visiting a Fidelity Investor Center, or by
contacting a Fidelity investment professional at 800-544-6666.
The performance data shown represents past performance, which is no guarantee of future results. Investment return and principal value of an investment
will fluctuate; therefore, you may have a gain or loss when you sell your shares or units. Current performance may be higher or lower than the performance
data quoted. Please visit Fidelity.com or call Fidelity at 800-544-5704 for the most recent month-end performance figures.

Fund Name Average Annual Returns3 As of Month: March 31st

10-Yr/ Life
Investment Sales Short-Term Sharpe Inception of Fund/ Expense Fee
Name & Symbol Style1 Load Trading Fee Ratio2 Date 1 Yr 5 Yr Portfolio4 Ratio5

Fidelity Asset Manager 40% II -- -- 0.27 10/9/2007 -5.09% 4.25% 5.03% 0.53%
FFANX

Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as
of the commencement date to the period indicated. Total returns do not reflect the fund’s [%] sales charge. If sales charges were included, total returns would have been lower.
1
For a complete description of investment style, please refer to the Terms and Definitions section of this report.
2
The Sharpe Ratio compares portfolio returns above the risk-free rate relative to overall portfolio volatility (a higher Sharpe Ratio implies better risk-adjusted returns). In the case of annuity funds, this is before the
effect of annuity charges. For more details on the Sharpe Ratio, see the Terms and Definitions section of this report.
3
Average annual returns are historical and include changes in share or unit price, reinvestment of dividends, capital gains, and the effect of the fund’s sales charge (if any). For certain funds, certain fees may have
been waived or expenses advanced during the periods shown above.
Without such waivers or advance of expenses, performance figures would have been lower.
4
Ten-year average annual returns are shown for funds or portfolios that have been in existence for at least 10 years, as of the most recently completed calendar quarter-end. For funds or portfolios that have been in
existence for less than 10 years, life-of-fund average annual returns are shown. Life-of-fund or portfolio returns are calculated from the fund’s or portfolio’s commencement date to the indicated calendar quarter-end.
For funds available as subaccounts in variable annuities, the life-of-fund or portfolio returns are calculated from the date the fund was first made available as a subaccount in the variable annuity (sub-account inception
date) to the indicated calendar quarter-end."
5
Expense ratio is the total annual fund operating expense ratio from the fund’s most recent prospectus. For more details on the risks of investing, please review the Important Information section of this report carefully.
 Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
23

Information You Provided

You provided the below information in the Planning & Guidance Center Investment Strategy tool. Please review the below for accuracy and return to the Planning &
Guidance Center if changes are necessary.

Financial Profile
The below Financial Profile information was used to help you select a model asset allocation (if applicable) and individual investments that meet your needs. You may update any of
this data by revisiting the Financial Profile section of the online tool. It is your responsibility to ensure that your selected investment strategy is appropriate for all assigned accounts.
Likelihood of
Estimated Net Estimated Income Used to Spending 25% of
Investment Purpose/ Total Estimated Federal Investment Worth (excluding Liquid Net Cover Essential Assets In Next 5
Account Investment Objective Annual Income Tax Bracket Knowledge primary residence) Worth Expenses Years

Automated Investing *****7720 Generate

$50K to $100K 22% - 27.5% Good $100K to $500K $50K to $100K 25% - 50% Not Likely
Income/Growth

You expect to need money for this goal within 5 years.

Fidelity uses your Financial Profile to provide you with information that can help you meet your investing needs. It includes information about your goals, risk tolerance, and financial situation. Fidelity keeps this
information on file, and will request a refresh every three years, in accordance with SEC and FINRA requirements. Since these factors may change over time, it's recommended that you periodically update your Financial
Profile, particularly when you experience major life events. This helps ensure that we're providing you with help that meets your current needs. We also ask for this information as it relates to each one of your Fidelity
accounts, because your investment goals, risk tolerance, and time horizon may vary with each account and these differences can affect the help we provide. Above all, be assured that the privacy of your personal
information is important to Fidelity. We will only use and share your personal information as described in our Privacy Policy, which is available online.

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
Glossary
Index Definitions
Bloomberg Barclays U.S. Aggregate Bond Index: A market capitalization–weighted index,
meaning the securities in the index are weighted according to the market size of each bond
type. Most U.S.-traded investment grade bonds are represented. Non-taxable municipal
bonds and Treasury Inflation-Protected Securities are excluded, due to tax treatment issues.
The index includes Treasury securities, government agency bonds, mortgage-backed bonds,
corporate bonds, and a small amount of foreign bonds traded in the U.S. The Bloomberg
Barclays U.S. Aggregate Bond Index is an intermediate-term index. It is not possible to
invest directly in an index.
Bloomberg Barclays Municipal Bond Index: A rules-based, market value–weighted index
that covers the long-term tax-exempt bond market. The index tracks investment-grade
general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. It is not
possible to invest directly in an index.
Dow Jones U.S. Total Market Index: A market capitalization–weighted index maintained
by Dow Jones that provides broad-based coverage of the U.S. stock market. It is considered
a total-market index representing the top 95% of the U.S. stock market. It includes most
stocks except the very smallest and least liquid U.S. stocks. It is not possible to invest directly
in an index.
MSCI ACWI (All Country World Index) ex USA Index: A market capitalization–weighted
index that is designed to measure the investable equity market performance for global
investors of large- and mid-cap stocks in developed and emerging markets, excluding the U.S.
MSCI EAFE Index: A market capitalization–weighted index designed to measure investable
equity market performance in developed markets outside North America, and composed of
MSCI country indices for Europe, Australasia, and the Far East.
S&P 500 Index: An unmanaged market capitalization–weighted index of common stocks.
® than 7.1 years.
It is a registered service mark of Standard & Poor’s Financial Services LLC.
Stock Style Profile Characterizations
Market Capitalization (Market Cap) — Market cap is calculated by multiplying the number
of company shares outstanding by its stock price per share.
• Large Cap: Stocks that, when ranked largest to smallest by market cap, generally
represent the top 70% of the broader equity market’s capitalization.
• Mid Cap: Stocks that generally represent the next 20% of the broader equity market’s
capitalization.
• Small Cap: Stocks that generally represent the balance of the broader equity market’s
capitalization.
Glossary of Terms
24
Valuation: Valuation style measures the price of the stock against the value of the company
and the value other investors have placed on the company’s future earnings. The value-
growth orientation of a stock that is derived is relative to its peer group, which is the
capitalization group within the issuer’s country of origin.
• Blend — Blend stocks have valuations close to those of stocks that are of similar size.
(Relative P/E plus Relative P/B is less than or equal to 2.25, but greater than or equal to
1.75.) Blend stocks have a combination of growth and value characteristics; when the
stock’s growth and value characteristics are similar in strength, it is considered to be a
“blend” style.
• Growth — Growth stocks are those of companies whose earnings per share are expected
to grow significantly faster than the market average. These stocks tend to trade at
higher-than-average P/E ratios, because investors are willing to pay more for these stocks
in the belief that company earnings will grow faster than the market average. (Relative P/E
plus Relative P/B is greater than 2.25.)
• Value — Value stocks are stocks that are priced lower in relation to the company’s earning
potential. These stocks often trade at below-average P/E ratios. In general, stocks are
considered “value” stocks when their potential growth has yet to be recognized by the
market. (Relative P/E plus Relative P/B is less than 1.75.)
Bond Style Profile Characterizations
Duration: A measure of the sensitivity of the asset’s price to interest rate movements. It
broadly corresponds to the length of time before the asset is due to be repaid.
• Intermediate Duration — Bonds classified as intermediate duration generally have a
duration of greater than 2.7 years and less than 7.1 years.
• Long Duration — Bonds classified as long duration generally have a duration of greater
• Short Duration — Bonds classified as short duration generally have a duration of less than
2.7 years.
Investment Grade: Bonds rated AAA/Aaa through BBB/Baa are considered investment
grade. Bonds rated lower than this are considered non–investment grade.
Non–Investment Grade: This rating indicates that a municipal or corporate bond has
a relatively low risk of default. Bonds rated BB/Ba or below are considered non–
investment grade.
Quality: The relative credit quality of a bond is determined by independent bond-rating
firms and gives an indication of a bond’s credit risk potential.
 Glossary of Terms

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar

25

Glossary (continued)
Fund Detail Terms
Investment Style: The current investment style reflects the fund’s investment approach as
determined by the portfolio’s actual holdings, not the investment objective stated in the
fund’s prospectus. Morningstar®, Inc., is the source for this data. For stocks, the investment
style uses two common measures: size and valuation. Size refers to market capitalization
of companies provided by S&P Compustat, such as large cap, mid cap, or small cap.
Valuation measures the price of the stock against the value of the company and the value
other investors have placed on the company’s future earnings. The sum of these two ratios
determines whether a stock is a growth, value, or blend stock. For bonds, the investment style
uses two common measures: credit quality and duration. Credit quality refers to the average
credit rating of bonds in the fund or portfolio. Duration is a composite measure of a bond’s
maturity and coupon payments. Duration is also a measure of a bond’s interest rate risk. In
instances where a fund or portfolio has both stocks and bonds, and Morningstar has style
data for both, style is displayed for the asset class with the largest allocation in the portfolio
so long as the style available represents greater than 15% of the portfolio. In instances
where there is no style data available or the asset class for the only style data that is available
represents less than or equal to 15% of the portfolio, “NA” is displayed for the style.
Sales Load: A fund’s sales load (also known as a sales charge) is a fee charged on the
purchase of fund shares. The fee is charged as a percentage of the fund’s offering price
(price to buy shares). Some funds may charge sales loads for selling funds within certain
time frames. Be sure to consider such sales loads when investing and/or rebalancing
your portfolio.
Sharpe Ratio: This risk-adjusted measure is calculated by using standard deviation and
excess return to determine reward per unit of risk; the higher the Sharpe ratio, the better
the fund’s historical risk-adjusted performance. The Sharpe ratio is calculated for the past
36-month period by dividing a fund’s annualized excess returns over the risk-free rate by
its annualized standard deviation. It is recalculated on a monthly basis. Because this ratio
uses standard deviation as its risk measure, it is most appropriately applied when analyzing
a fund that is an investor’s sole holding. The Sharpe ratio can be used to compare directly
how much risk two funds each had to bear to earn excess return over the risk-free rate. For
example, a mid-cap growth fund may have a Sharpe ratio of 0.40. Meanwhile, the average
Sharpe ratio for all mid-cap growth funds is 0.29. This means that this individual fund
currently has had better risk-adjusted performance than the average mid-cap growth fund
(from Morningstar.com).

The abbreviations used are outlined below: Short-Term Trading Fee: A fee you pay when you redeem, or sell, your shares or units
within a short period of time after having purchased them. Not all funds charge short-term
For Equities For Bonds trading fees.
LV—Large-Cap Value IS—Investment Grade Short Term

LB—Large-Cap Blend II—Investment Grade Intermediate Term

LG—Large-Cap Growth IL—Investment Grade Long Term

MV—Mid-Cap Value NS—Non–Investment Grade Short Term

MB—Mid-Cap Blend NI—Non–Investment Grade Intermediate Term

MG—Mid-Cap Growth NL—Non–Investment Grade Long Term

SV—Small-Cap Value

SB—Small-Cap Blend

SG—Small-Cap Growth

NA—Not Available NA—Not Available

 Glossary of Terms

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar

26

Important Information
Our recommendations are intended to be acted on at the time they are provided. Unless we
Important information about investment advice for specifically agree otherwise in writing, it is your responsibility to monitor your investments and
retirement accounts make changes if conditions warrant.4

For more than 70 years, Fidelity Investments1 has worked hard to earn the trust of our clients by
serving and protecting their interests. We are dedicated to delivering great value and acting in
your best interest when we make recommendations about investing for your retirement.
One way we do this is by being transparent about our services and costs. This includes making
you aware of potential conflicts of interest that may arise when we provide investment advice,
including compensation Fidelity and our financial professionals earn on the products and
services you buy. We also want to make you aware of the limitations on investments and other
options that we consider when providing investment advice for your retirement accounts.2
What is investment advice?
Our investment advice includes recommendations we provide with respect to how to invest
your retirement account and whether you should roll your workplace plan account to another
plan or IRA. Advice about how to invest your workplace retirement account may constitute
investment advice as defined under the Employee Retirement Income Security Act of 1974,
as amended (ERISA) and regulations thereunder.3 However, other advice we provide may not
be subject to ERISA’s investment advice rules, including general descriptions and education
about our products and services, assistance or information we may provide with respect to
distribution or rollover decisions, and advice we provide for IRAs, Keogh plans, and plans that
are not subject to ERISA.
Fidelity financial professionals are required to follow policies and procedures when providing
investment advice, including using carefully designed investment methodologies, tools, or
processes when providing investment advice under ERISA. In this way, we guard against
potential conflicts affecting our commitment to give you advice that is in your best interest.
What does Fidelity consider when providing investment advice for workplace
retirement accounts?
When making recommendations to buy, sell, or exchange investments or to purchase
investment advisory services for workplace retirement accounts, we will recommend only
investment alternatives offered in the plan’s fund lineup, including investment management
services offered by a Fidelity affiliate, except Company stock, investments available only
through Fidelity BrokerageLink®, annuities other than those primarily used for capital
preservation, investment management or model portfolio services not managed by Fidelity,
and investments that your employer may have directed us to exclude.
When providing assistance or information with respect to distributing or transferring your
retirement assets, we consider only the options of staying in your existing plan, rolling over to
another employer-sponsored plan recordkept by Fidelity, or rolling over to a Fidelity IRA. We
do not assist with decision-making to roll over to plans or IRAs not recordkept by Fidelity, or to
cash-out from a plan.
What does Fidelity consider when providing investment advice for IRAs and Keogh plans?
When providing investment advice for IRAs and Keogh plans, we do not consider all possible
investment options. We generally will recommend only mutual funds, exchange-traded funds
(ETFs), certificates of deposit (CDs), investment-grade fixed income investments, U.S. Treasury
securities, or annuity contracts. Fidelity may also recommend investment management services
provided by Fidelity Personal and Workplace Advisors LLC.5 Fidelity generally recommends
only actively managed solutions, unless stated otherwise. You may also request or choose
passively managed investments to the extent they are available. Options not considered for

1
“Fidelity Investments” refers to Fidelity Brokerage Services LLC, Fidelity Personal and Workplace Advisors LLC, Strategic Advisers LLC, and their affiliates and subsidiaries.
2
“Retirement accounts” herein refers to employer-sponsored plans, including 401(k) plans and 403(b) plans whether or not such plans are subject to Title I of ERISA, Individual Retirement Accounts and
Keogh plans.
3
Regulations under Section 3(21)(A)(ii) of ERISA generally define “investment advice” to include recommendations as to the advisability of investing in securities that is provided on a regular basis and
pursuant to a mutual agreement or understanding that the recommendation will be individualized and will serve as a primary basis for investment decisions.
4
Unless otherwise agreed to in writing, Fidelity will not monitor a recommendation on an ongoing basis. You should monitor your investments periodically and make changes if market conditions or your
objectives, financial circumstances, risk tolerance, or investment needs change.
5
Investment advisory services offered by Fidelity Personal and Workplace Advisors include discretionary investment management, financial and benefits planning and referrals to a third-party investment
adviser through Fidelity’s Wealth Advisory Services program. Investment advisory financial planning provided to retirement accounts does not include specific securities advice, and clients are responsible
for determining how to implement any financial planning recommendations, including asset allocation suggestions. Financial planning is educational in nature and should not be relied on as a primary
basis for your decisions regarding investing in, purchasing, or selling securities or other property for retirement accounts. In applying any asset allocation suggestion to your individual situation, be sure to
consider other assets, income, and investments (e.g., home equity, savings accounts, or other retirement accounts) in addition to your retirement account(s).
 Glossary of Terms

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar

27

Important Information (continued)

recommendations include individual stocks, mutual funds with transaction fees, non-Fidelity
affiliated managed accounts or advisory services, and target date funds other than Fidelity’s
Freedom Funds.
How are Fidelity and its financial professionals compensated?
The money Fidelity and our financial professionals earn varies based on your choice of products
and services,6 and how much you choose to invest or maintain at Fidelity. In general, the more
you buy and invest, the more Fidelity earns. Variations in compensation to Fidelity and our
financial professionals, based on your choice of products and services, create the potential for
conflicts of interest.
Both Fidelity and our financial professionals generally earn more for investment management
services than for individual investment products like mutual funds and other investment funds.
In addition, Fidelity generally earns more on mutual funds and other individual investment
products that it manages.
How does Fidelity provide investment assistance?
Fidelity may provide you with various types of investment assistance, including financial
planning, investment education, and/or best interest or fiduciary investment recommendations.
To implement investment changes, you need to consider which of your assets to use, including
any assets you may have in a workplace retirement plan or IRA. Whether to roll over retirement
assets to implement investment changes is a separate decision, and any investment decision
assistance we provide to you is not in itself a recommendation to roll over retirement assets.
A Fidelity representative can review with you various factors to consider in your distribution
or rollover decision. For information about how Fidelity makes best interest or fiduciary
recommendations, see the Fidelity Brokerage Services LLC Products, Services, and Conflicts of
Interest disclosure.

Please visit www.fidelity.com/repcompensation for more information about compensation

paid to our financial professionals.

For 401(k) or other employer-sponsored plans, Fidelity may provide a credit to the plan, equal to all or a portion of the compensation received from investment products or services under the plan. This
6

may reduce the amount of compensation to Fidelity and/or cause our compensation not to vary, based on your choice of products and services.
Revised July 2020.
Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917
© 2021 FMR LLC. All rights reserved.
 Glossary of Terms
Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
Important Information (continued)
Investment Advice Information
Fiduciary Adviser Disclosure
Investment Advice Services for Fidelity Workplace Savings Plan Accounts, Individual
Retirement Accounts, and Health Savings Accounts
Fidelity’s Investment Advice Services
Fidelity Brokerage Services LLC (“Fidelity”) may provide you with investment assistance both
online and through its representatives for your employer-sponsored workplace retirement plan
account (“workplace plan”), Health Savings Accounts (“HSAs”), and Individual Retirement
Accounts (“IRAs”). Online investment advice may be provided to you through the Investment
Strategy Tool for workplace plans and IRAs and through the HSA Investment Tool for HSAs
(collectively, “Advice Tools”). These tools may be accessed through the Planning & Guidance
Center on Netbenefits.com and Fidelity.com. Note that Fidelity representatives may also use
these tools to recommend model portfolios, managed accounts, target date funds, and target
allocation funds for these accounts over the phone or in person.
Fiduciary Status and Compliance
When we provide investment advice to you regarding your workplace plan, IRA, or HSA within
the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal
Revenue Code, as applicable, we are a fiduciary within the meaning of these laws governing
retirement accounts. Fidelity has elected to be treated as the only fiduciary and fiduciary adviser
with respect to the Advice Tools and the computer model in the tool.
With respect to advice provided through the Advice Tools as provided herein Fidelity intends
to comply with the computer model exemption for investment advice under Section 408(b)
(14) and 408(g) of ERISA and Labor Department regulation Section 2550.408g-1 and applicable
provisions under the Internal Revenue Code. The advice arrangement will be audited annually
by an independent auditor for compliance with applicable requirements. The auditor will
furnish a copy of its findings within 60 days of its completion of the audit to the authorizing
fiduciary of your workplace plan. A copy of the auditor’s findings will be made available for your
workplace HSA account on Fidelity’s web site at https://nb.fidelity.com/public/nb/default/home?
option=hsaInvesting and for your IRA on Fidelity’s website at https://Fidelity.com/binpublic
/060_Guidance_Pages/documents/IPR_ANNUAL_Audit_Report.PDF and for your HSA on
Fidelity’s web site at https://Fidelity.com/bin-public/060_Guidance_Pages/documents/ HSA_
ANNUAL_Audit_Report.PDF within 30 days following receipt of the report from the auditor.
1
Fidelity may not be compensated on the basis of investments in certain circumstances. For example, certain nonaffiliated investment funds may not compensate Fidelity or its affiliates. In addition,
Fidelity may provide a credit to the plan, equal to all or a portion of the compensation received from investment products or services under the plan. This may reduce the amount of compensation to
Fidelity and/or cause our compensation not to vary, based on your choice of products and services.
28
Non-fiduciary Investment Education and Assistance
Certain investment assistance we provide may not be subject to the investment advice rules
under ERISA and the Internal Revenue Code. When we provide this type of assistance, we
provide it for educational purposes and it should not be relied on as a primary basis for your
investment decisions. This type of assistance includes:
• Self-directed, or unsolicited, transactions or trades;
• General descriptions, information and education about our products and services or with
respect to plan distribution or rollover decisions;
• Communications that are not an individualized/personalized suggestion for you to take a
particular course of action with respect to your retirement assets;
• Assistance for workplace plans that are not subject to Title I of ERISA;
• Recommendations with respect to accounts other than accounts that you maintain with
Fidelity; or
• Any communications that are not fiduciary investment advice (as defined by ERISA or the Code)
Conflicts of Interest and Compensation
Fidelity and its affiliates (“the Fidelity Companies”) and parties with whom Fidelity has a
material financial relationship provide a range of services to your workplace plan, IRA, or HSA
for which they may receive compensation. These services include investment management,
transfer agent, brokerage, custodial, recordkeeping, and shareholder services for some or all the
investment funds available under the plan or within the IRA or HSA. Because we offer a variety
of products and services to you, conflicts of interest arise. The products and services we offer
have different costs to you and different levels of compensation earned by us, our affiliates, and
our representatives.
Fidelity does not charge a separate fee for the investment advice it provides. However, Fidelity
Companies generally receive compensation based on the investments you select. When Fidelity
recommends an investment fund or managed account of one of the Fidelity Companies and
you follow that recommendation, a Fidelity Company will receive compensation from the fund
or managed account based on the amount you invest. The amount received will vary depending
on the particular fund or managed account. Information on the fees, and any other charges of
each Fidelity fund or managed account, is available for you to review through NetBenefits.com or
Fidelity.com.

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
Important Information (continued)
Fidelity Companies may also receive compensation from nonaffiliated funds when you choose
these funds as a result of Fidelity’s recommendations. The amount of this compensation varies
depending on the particular fund but typically ranges from zero to one-half of one percent per
year (0% to 0.5%) based on the average daily balance invested in the fund.
In some instances, Fidelity Companies do not receive compensation based on the investments
you select. For example, certain nonaffiliated investments may not compensate Fidelity
Companies. In addition, the Fidelity Companies may provide a credit to a workplace plan, equal
to all or a portion of the compensation received from plan investments reducing the amount of
compensation received by the Fidelity Companies.
FBS and its representatives will only recommend no-transaction-fee funds, and do not make
recommendations regarding transaction fee or load funds or consider them when making
recommendations to you. Please see the document “Fidelity Brokerage Services LLC
Products, Services, and Conflicts of Interest” for more information about how Fidelity makes
recommendations and conflicts of interest.
Nonaffiliated funds recommended for your HSA are selected from a limited universe of third-
party fund companies. For HSAs, the only third-party fund companies whose funds were eligible
for inclusion in this limited universe are companies that participate in a marketing, engagement,
and analytics program with Fidelity for which they pay a flat annual fee. Please see the HSA
Investment Review Methodology document to learn about the process Fidelity used when
selecting among the universe of funds.
You should carefully consider the impact of any fees and compensation when evaluating
investment advice that Fidelity, or any financial adviser, provides to you and before you make any
investment decision.
You may choose to work with an investment adviser other than Fidelity that could have no
material affiliation with and receive no fees or other compensation in connection with the
investments offered in your plan, IRA or HSA; however, other fees may apply.
Please see the Planning & Guidance Center Investment Strategy Methodology or the HSA
Investment Review Methodology document to learn about your planning session.
Investment Returns
Information on past performance and historical rates of return of all investment options available
within your plan, IRA or HSA may be found through NetBenefits.com and Fidelity.com.
Glossary of Terms
29
Fidelity is committed to maintaining the confidentiality, integrity, and security of your
personal information. Please refer to the Fidelity Investments Privacy Policy found through
NetBenefits.com or Fidelity.com for information about how your personal information will be
collected, used or shared, and protected.
This document does not relate to any account other than a workplace savings plan, Fidelity IRA
or HSA as defined above.
For questions or more information on details provided in this notice related to your workplace
plan call 800-420-2363 and for your IRA call 800-343-3548 or HSA please call 866-402-7621.
Important Tool Information
In applying the results to your individual situation, be sure to consider other assets, income,
and investments (e.g., home equity, savings accounts, and other retirement accounts) in
addition to assets designated for this goal.
As with all your investments, you must make your own determination whether an investment
in any particular security or securities is consistent with your investment objectives, risk
tolerance, financial situation, and your evaluation of the security.
Fees and expenses, including those that apply to a continued investment in the fund, are described
in the fund’s current prospectus. Fidelity Brokerage Services LLC (FBS) or National Financial Services
LLC (NFS) receives compensation in connection with the purchase and/or the ongoing maintenance
of positions in certain mutual fund shares and other investment products in your account. This
additional compensation may be paid by the mutual fund or other investment product, its
investment advisor, or one of its affiliates. Additional information about the source(s) and amount(s)
of compensation as well as other remuneration received by FBS or NFS will be furnished to you
upon written request. FBS or its affiliates receive servicing or distribution fees with respect to no-
transaction-fee (NTF) funds. In addition, FBS or its affiliates receive compensation for investment
management and other services performed for the Fidelity mutual funds and Fidelity annuity funds.
Not all accounts are eligible for analysis or investment strategy identification within the
Tool. Any nonfinancial asset types that are identified in your accounts will not be eligible for
investment strategies. Annuity products are also not eligible for investment strategies, with the
exception of Fidelity Retirement Reserves®, Fidelity Personal Retirement Annuity®, and Single
Premium Tax-Deferred Annuities that are eligible to be used in our hypothetical trading.

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
Important Information (continued)
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 are 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 a result 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.
When you are presented with a new investment strategy you may accept, reject, or modify
these strategies as you see fit. These strategies do not consider the effect of taxes, fees,
and/or expenses associated with investing. Please consult with your investment or tax
advisor, if applicable, prior to taking action. Default strategies also assume that all non-
Fidelity accounts assigned to your savings plan are eligible for transfer or rollover to a
Fidelity account, and are therefore eligible for all investment options.
It is important to understand that Fidelity does not make a recommendation here concerning
whether you should distribute, transfer, or rollover any of the assets in non-Fidelity accounts.
You should always consider all applicable fees and features of your retirement accounts
before taking any action involving these accounts.
Fidelity Professional Discretionary Asset Management Services
Fidelity professional discretionary asset management services provided for a fee through
Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser and
a Fidelity Investments company. Brokerage services provided by FBS, and custodial and
related services provided by NFS, each a member NYSE and SIPC. FPWA, FBS, and NFS are
Fidelity Investments companies.
Multiple Fund Model Portfolios
Based on the variety of information you have provided about yourself and your accounts, the
Planning & Guidance Center seeks to present a Model Portfolio reflective of your selected
Target Asset Mix. Should you ask us to consider the stock allocation for accounts you intend
to keep all current holdings, the stock allocation for the Model Portfolio will be adjusted
higher or lower to try to bring the total hypothetical portfolio in line with the Target Asset Mix.
Model Portfolio Preferences and “Keep/Do Not Keep” Functionality for Certain Securities
The model portfolio delivered through the Tool can, in certain circumstances, be modified to
complement existing holdings that a customer chooses to keep (lock) in whole or in part. The
resulting portfolio is called a Complementary Portfolio within the Tool experience.
Glossary of Terms
30
Fidelity does not assess the advisability of retaining, purchasing, or selling any security,
including company stock. In particular, Fidelity is not making a recommendation regarding
your company stock. By making any adjustments to a Model Portfolio around any existing
retained positions, Fidelity is not endorsing the retention of those positions. Depending on
your decision to retain existing positions, the Complementary Portfolio may not be aligned
with your Target Asset Mix. Holding a significant amount of any single investment, particularly
a single security, may not effectively diversify your portfolio. The Complementary Portfolio
will strive to offset certain risks associated with retaining certain securities, including your
company stock, but it may not be possible to completely offset the security-specific risks. By
keeping any positions and requesting an adjusted model for an account, Fidelity will attempt
to identify a Complementary Portfolio, which will offset some of the risk of the retained
position but may not result in a portfolio that is aligned with your Target Asset Mix.
By substituting individual investments or modifying specific weights, you assume full
responsibility for the Complementary Portfolio or Personal Choice Portfolio (whichever is
applicable), which may not be aligned with your Target Asset Mix.
For more information about model portfolios and the screening process, see the Investment
Strategy Methodology or contact a Fidelity investment professional.
Target Retirement Date Options
If available for your personal investing accounts, the Fidelity Freedom Fund closest to your
anticipated retirement date (if planning with a partner, the earlier of the two anticipated
retirement dates) will be identified for your review. You should consider other factors that
may be relevant in selecting a particular target date fund.
Fidelity Freedom Funds are designed for investors expecting to retire around the year
indicated in each fund’s name. When choosing a Freedom Fund, consider whether you
anticipate retiring significantly earlier or later than age 65, even if you retire on or near a
fund’s approximate target date. Except for the Freedom Income Fund, the funds’ asset
allocation strategy becomes increasingly conservative as it approaches the target date and
beyond. Ultimately, they are expected to merge with the Freedom Income Fund.
The investment risk of each target date funds changes over time as its asset allocation
changes. The funds are subject to the volatility of the financial markets, including that of
equity and fixed income investments in the U.S. and abroad, and may be subject to risks
associated with investing in high-yield, small-cap, and foreign securities. Principal invested is
not guaranteed at any time, including at or after the target dates.
For more information about target date funds and the screening process, see the Investment
Strategy Methodology or contact a Fidelity investment professional.

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
Important Information (continued)
Target Asset Allocation Options
Based on the variety of information you have provided about yourself and your personal
investing accounts, the Planning & Guidance Center seeks to identify for your review the
Fidelity Asset Manager Fund closest to the TAM selected for this goal. Your goal and
account information is evaluated against the range of Fidelity TAMs to establish an upper
limit (in terms of risk) for each of your assigned accounts. You should consider other factors
that may be relevant in selecting a particular target allocation fund.
Target allocation funds are subject to the volatility of the financial markets, including equity
and fixed income investments in the U.S. and abroad, and may be subject to risks associated
with investing in high-yield, small-cap, and foreign securities.
For more information about target allocation funds and the screening process, see the
Investment Strategy Methodology or contact a Fidelity investment professional.
About Asset Mixes
If you’ve assigned accounts to a goal, the holdings in those accounts are sorted among
several major asset classes, including domestic stocks and foreign stocks (equities), bonds
(fixed income), short-term securities (cash, cash equivalents, CDs, money market funds, etc.),
“Unknown,” and “Other.” Please note that underlying investments held in a mutual fund, other
pooled investment vehicle or subaccount, or variable annuities are considered individually.
They are separated and sorted into whichever asset class they best fit, based on holdings
data provided by a third-party vendor. If holdings data is not available to Fidelity, the interest
is categorized as “Unknown.” The “Other” category includes non–asset class holdings (i.e.,
identified holdings that cannot be categorized as stocks, bonds, or short-term investments). If
a large percentage is identified as “Unknown” or “Other,” your asset mix assessment may not
accurately reflect the current risks inherent in your selected accounts. For manual accounts, you
may either enter specific allocations or select from sample asset mixes. A representative model
asset mix for the accounts assigned to your goal is then identified based on the percentage of
stock holdings in your assigned accounts for comparison to a selected TAM.
• Short-Term: Stock holdings less than or equal to 10%
• Conservative: Stock holdings 11%–24%
• Moderate with Income: Stock holdings 25%–34%
• Moderate: Stock holdings 35%–44%
• Balanced: Stock holdings 45%–54%
• Growth with Income: Stock holdings 55%–64%
Glossary of Terms
31
• Growth: Stock holdings 65%–78%
• Aggressive Growth: Stock holdings 79%–92%
• Most Aggressive: Stock holdings 93%–100%
Data used to support categorization is provided by third parties as of the most recent date
available, which may lag the account data by up to 12 months. Fidelity cannot guarantee the
accuracy or timeliness of data obtained from third parties.
If data is available to Fidelity, short and long positions may be represented as a bar chart
for review; however, short positions will not be included in the analysis of your retirement
plan. Long positions are those reported securities holdings held individually or as underlying
investments that were fully paid purchases. Short positions are those reported margin
or short positions held individually or as underlying investments that were not fully paid
purchases, but instead involved borrowing in order to support the purchase. Note that trades
initiated within a money market fund (such as Fidelity® Government Cash Reserves) pending
settlement at the close of a calendar month may present as a short position or negative
allocation and inadvertently impact the analysis.
If you have not previously selected a TAM for your goal, the Planning & Guidance Center
may display a time-based option as a starting point for your review. You may complete an
Investor Profile Questionnaire to assist in selecting a TAM for your retirement analysis.
About Portfolio Diagnostics
References to “Current Portfolio” on these diagnostic pages are made where we are
referring to the accounts you assigned to your goal as they are currently construed.
References to “Hypothetical Portfolio” on these diagnostic pages are made where we are
referring to any modeled changes you have made to the accounts assigned to your goal
once you have selected one of the investment strategies made available to you through the
Planning & Guidance Center.
When reviewing the diagnostics pages please bear in mind the following:
• A red icon indicates that an aspect of your current or hypothetical portfolio appears to
depart significantly from your TAM, the indexes we’ve selected as benchmarks for the
overall domestic bond or stock markets, or that a single stock or bond issuer exceeds
10% of either your current or hypothetical portfolio.
• A yellow icon indicates that an aspect of your current or hypothetical portfolio appears
to depart from your TAM, the indexes we’ve selected as benchmarks for the overall
domestic bond or stock markets, or that a single stock or bond issuer is greater than or
equal to 5% of either your current or hypothetical portfolio.

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar
Important Information (continued)
• A green icon indicates an aspect of your current or hypothetical portfolio is relatively
close to your TAM, the indexes we’ve selected as benchmarks for the overall domestic
bond or stock markets, or that a single stock or bond issuer is less than 5% of either your
current or hypothetical portfolio.
About Your Account Data
Fidelity is not able to verify the accuracy of account information provided via the Full View
service or manually entered in this or previous planning tool interactions. Information
regarding accounts that hold positions in, or valued in, foreign currency from your outside
accounts is not available in the Tool. For more information, see Full View Terms of Use.
NQ (nonqualified): Plans that are nonqualified are marked with an (NQ). These plans are
unfunded, nonqualified plans, and no funded account has been established for you. These
accounts are recordkeeping accounts only that record your deferred compensation and any
notional earnings applicable to your deferred compensation. In the event of a bankruptcy or
insolvency, you would be an unsecured, general creditor of the employer/service recipient.
For more information on the plan, please refer to the plan documents.
For more information about how your account data is displayed and utilized, please visit
Help & Methodology or contact a Fidelity investment professional.
About Investments Under Consideration
For most personal investment accounts, including IRAs, you can select from Fidelity
managed accounts, Fidelity mutual funds only, or all available Fidelity and non-Fidelity funds
available through FundsNetwork® without paying a transaction fee (Model Portfolios), or a
Fidelity single-fund strategy from either Fidelity® Freedom Funds or Fidelity Asset Manager®
Funds (Target Date Funds and Target Allocation Funds, respectively). For workplace savings
plans recordkept at Fidelity, investment options are limited to those that are available in
your workplace savings plans and that are appropriate for use in a model portfolio.
Fidelity reserves the right to change the funds available without transaction fees and
reinstate the fees on any funds. Fidelity will charge a short-term trading fee each time you
sell or exchange shares of FundsNetwork® NTF funds held less than 60 days (short-term
trade). If these funds are held for more than 60 days, they may be sold without a short-term
trading fee. Fidelity funds, money market funds, funds redeemed through the Personal
Withdrawal Service, and shares purchased through dividend reinvestment may be sold
without this fee. The fee will be based on the following schedule:
• Online: $49.95 or $75. Certain funds will have a transaction fee of $75. To identify any
applicable transaction fees associated with the purchase of a given fund, please refer to
the “Fees and Distributions” tab on the individual fund page on Fidelity.com.
Glossary of Terms
32
• Fidelity Automated Service Telephone (FAST): 25% off representative-assisted rates.
Maximum: $187.50, Minimum: $75.
• Representative-Assisted: 0.75% of principal. Maximum: $250, Minimum: $100.
In addition, if you place more than 15 short-term trades in a 12-month period in your
account, Fidelity will charge a transaction fee each time you purchase or exchange shares in
that account for the following 12 months, including automatic investments of FundsNetwork
funds (typically available without paying a transaction fee or load). Fidelity funds, money
market funds, funds redeemed through the Personal Withdrawal Service, and shares
purchased through dividend reinvestment are excluded from this fee.
Please be aware that certain FundsNetwork funds may be subject to separate and additional
redemption fees imposed by the particular fund. Please refer to that fund’s current
prospectus for details.
In addition to the sales loads and 12b-1 fees described in the prospectus, Fidelity Brokerage
Services LLC (FBS) or National Financial Services LLC (NFS) receives other compensation
in connection with the purchase and/or the ongoing maintenance of positions in certain
mutual fund shares and other investment products in your Fidelity personal investment and
recordkept workplace savings plan accounts. This additional compensation may be paid by
the mutual fund or other investment product, its investment advisor, or one of its affiliates.
Additional information about the source(s) and amount(s) of compensation as well as other
remuneration received by FBS or NFS will be furnished to you upon written request. FBS
or its affiliates receive servicing or distribution fees with respect to NTF funds. In addition,
FBS or its affiliates receive compensation for investment management and other services
performed for the Fidelity mutual funds and Fidelity annuity funds.
Social Security
Social Security values are estimated based on your designated retirement age and pre-
retirement employment income for the purposes of this tool only. Your actual Social Security
benefits will differ. You can obtain an estimate of your actual or projected Social Security benefits
directly from the Social Security Administration. For more details, visit www.ssa.gov. Although
some individuals can start collecting Social Security as early as age 62, delaying receipt until a
later age may increase the amount of your benefit. Also, keep in mind that working while you
receive Social Security benefits may reduce those benefits if you are below the full retirement
age, as defined by the Social Security Administration based on your date of birth.
Note that any changes you make to your salary in the Tool are for purposes of your Social
Security estimate only and will not be used in the Planning & Guidance Center’s Retirement
Analysis (if applicable).
 Glossary of Terms

Fidelity Investment Strategy | prepared for Gustavo Stor De Aguiar

33

Important Information (continued)

Annuities Lifetime Income

It is important to note that when an annuity is assigned as an Account or as an Additional Lifetime Income sources include Social Security benefits, pensions, and certain types of
Income Source to your Retirement goal (by you or the Tool), the Tool’s analysis does not annuities expected to provide a consistent retirement income stream for the duration of your
consider all features of the specific annuity assigned, including: (i) Insurance features, lifespan that is not impacted by market performance.
including as applicable guaranteed rates of return, guaranteed living benefits (i.e.,
guaranteed accumulation benefit or guaranteed withdrawal benefit), guaranteed death
benefits, guarantee periods, cost of living adjustments, etc., and (ii) Fees, including mortality
and expense risk fees, surrender charges, and market value adjustments. This may have a
significant impact on the analysis the Tool conducts and the results it displays about your
retirement preparedness. See the Methodology document for more information.

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