0000225322
2012-06-30
2013-06-29
0000225322
fsst:S000007495Member
2012-06-30
2013-06-29
0000225322
fsst:S000017690Member
2012-06-30
2013-06-29
0000225322
fsst:S000007495Member
fsst:C000020469Member
2012-06-30
2013-06-29
0000225322
fsst:S000017690Member
fsst:C000048886Member
2012-06-30
2013-06-29
0000225322
fsst:S000007495Member
fsst:ReturnBeforeTaxesDomain
fsst:C000020469Member
2012-06-30
2013-06-29
0000225322
fsst:S000007495Member
rr:AfterTaxesOnDistributionsMember
fsst:C000020469Member
2012-06-30
2013-06-29
0000225322
fsst:S000007495Member
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000020469Member
2012-06-30
2013-06-29
0000225322
fsst:S000007495Member
fsst:BofaMerrillLynchUsHightYieldConstrainedIndexDomain
2012-06-30
2013-06-29
0000225322
fsst:S000017690Member
fsst:ReturnBeforeTaxesDomain
fsst:C000048886Member
2012-06-30
2013-06-29
0000225322
fsst:S000017690Member
rr:AfterTaxesOnDistributionsMember
fsst:C000048886Member
2012-06-30
2013-06-29
0000225322
fsst:S000017690Member
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000048886Member
2012-06-30
2013-06-29
0000225322
fsst:S000017690Member
fsst:BofaMerrillLynchUsHightYieldConstrainedIndexDomain
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:RetailMember
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:RetailMember
fsst:C000100277Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:C000100278Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:C000100280Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:C000100279Member
2012-06-30
2013-06-29
0000225322
fsst:S000017689Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:RetailMember
fsst:ReturnBeforeTaxesDomain
fsst:C000100277Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:RetailMember
rr:AfterTaxesOnDistributionsMember
fsst:C000100277Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:RetailMember
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000100277Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:RetailMember
fsst:BofaMerrillLynchGlobalHighYieldEmergingMarketsPlusIndexMember
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:RetailMember
fsst:FidelityGlobalHighIncomeCompositeIndexMember
2012-06-30
2013-06-29
0000225322
fsst:S000017689Member
fsst:C000048885Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:ReturnBeforeTaxesDomain
fsst:C000100278Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
rr:AfterTaxesOnDistributionsMember
fsst:C000100278Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000100278Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:ReturnBeforeTaxesDomain
fsst:C000100280Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:ReturnBeforeTaxesDomain
fsst:C000100279Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:BofaMerrillLynchGlobalHighYieldEmergingMarketsPlusIndexMember
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:AtcDomain
fsst:FidelityGlobalHighIncomeCompositeIndexMember
2012-06-30
2013-06-29
0000225322
fsst:S000017689Member
fsst:ReturnBeforeTaxesDomain
fsst:C000048885Member
2012-06-30
2013-06-29
0000225322
fsst:S000017689Member
rr:AfterTaxesOnDistributionsMember
fsst:C000048885Member
2012-06-30
2013-06-29
0000225322
fsst:S000017689Member
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000048885Member
2012-06-30
2013-06-29
0000225322
fsst:S000017689Member
fsst:BofaMerrillLynchbbUsHighYieldConstrainedIndexMember
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:FMember
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:FMember
fsst:C000098086Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:SeriesMember
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:SeriesMember
fsst:C000098085Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:FMember
fsst:ReturnBeforeTaxesDomain
fsst:C000098086Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:FMember
rr:AfterTaxesOnDistributionsMember
fsst:C000098086Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:FMember
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000098086Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:FMember
fsst:BofaMerrillLynchUsHightYieldConstrainedIndexDomain
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:SeriesMember
fsst:ReturnBeforeTaxesDomain
fsst:C000098085Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:SeriesMember
rr:AfterTaxesOnDistributionsMember
fsst:C000098085Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:SeriesMember
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000098085Member
2012-06-30
2013-06-29
0000225322
fsst:S000031534Member
fsst:SeriesMember
fsst:BofaMerrillLynchUsHightYieldConstrainedIndexDomain
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:InstDomain
fsst:C000100281Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:InstDomain
fsst:ReturnBeforeTaxesDomain
fsst:C000100281Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:InstDomain
rr:AfterTaxesOnDistributionsMember
fsst:C000100281Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:InstDomain
rr:AfterTaxesOnDistributionsAndSalesMember
fsst:C000100281Member
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:InstDomain
fsst:BofaMerrillLynchGlobalHighYieldEmergingMarketsPlusIndexMember
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:InstDomain
fsst:FidelityGlobalHighIncomeCompositeIndexMember
2012-06-30
2013-06-29
0000225322
fsst:S000032505Member
fsst:InstDomain
2012-06-30
2013-06-29
pure
iso4217:USD
485BPOS
2013-04-30
FIDELITY SUMMER STREET TRUST
0000225322
false
2013-06-27
2013-06-29
2013-06-29
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund:</b><br/><b>Fidelity</b><sup>®</sup><b>Capital & Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks to provide a combination of income and capital growth.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund:</b><br/><b>Fidelity</b><sup>®</sup><b>High Income Fund</b></font>
-0.01
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual fund operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
0.0057
0
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
0.0016
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual fund operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
0.0073
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks a high level of current income. Growth of capital may also be considered.</font>
75
233
406
906
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 60% of the average value of its portfolio.</font>
0.6
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 44% of the average value of its portfolio.</font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in equity and debt securities, including defaulted securities, with an emphasis on lower-quality debt securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.</font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in non-income producing securities, including defaulted securities and common stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Managing the fund to have similar credit quality distribution to an index representing the overall high yield bond market, which as of April 30, 2013, was The BofA Merrill Lynch<sup>SM</sup> US High Yield Constrained Index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.</font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.fidelity.com for updated return information.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font>
0.3913
0.1257
0.0504
0.1304
0.0382
-0.319
0.7214
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes. </i>The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font>
0.1713
-0.0191
0.1641
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.fidelity.com for updated return information.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">26.67%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2009</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">-23.09%</font></i> </div></td><td><div align="left"><i><font size="-1">December 31, 2008</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">3.62%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
2013-03-31
0.0362
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
2009-06-30
0.2667
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
2008-12-31
-0.2309
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. </font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
-0.01
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font>
0.0056
<font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. </font>
0
0.0016
0.0072
0.1641
0.1398
0.1058
0.1555
0.0941
0.0641
0.0672
0.1014
0.1171
0.0905
0.0861
0.1038
74
230
401
894
0.2748
0.0969
0.0345
0.1074
0.0236
-0.2372
0.5146
0.1373
0.0341
0.1489
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">19.53%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2009</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">-18.16%</font></i> </div></td><td><div align="left"><i><font size="-1">December 31, 2008</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">2.88%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Capital & Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Capital & Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Capital & Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font>
<font style="FONT-FAMILY: Times New Roman" >The BofA Merrill Lynch<sup>SM</sup> US High Yield Constrained Index <b></font>
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
2013-03-31
0.0288
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
2009-06-30
0.1953
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
2008-12-31
-0.1816
0.1489
0.1247
0.096
0.1555
0.0932
0.0657
0.0629
0.1014
0.0986
0.0708
0.0683
0.1038
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity High Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity High Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity High Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font>
<font style="FONT-FAMILY: Times New Roman">The BofA Merrill Lynch<sup>SM</sup> US High Yield Constrained Index</font>
0.44
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font>
<font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityHighIncomeFundBarChart column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityHighIncomeFund column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund</b>/Class:<br/><b>Fidelity</b><sup>®</sup> <b>Global High Income Fund</b></font><font style="FONT-FAMILY: Times New Roman" size="3">/Fidelity Global High Income Fund</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks a high level of current income. Growth of capital may also be considered.</font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityCapitalAndIncomeFund column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityCapitalAndIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityCapitalAndIncomeFund column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.</font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityCapitalAndIncomeFundBarChart column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityCapitalAndIncomeFund column period compact * ~</div>
-0.01
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual class operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
0.0072
0
0.0024
0.0096
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:</font>
98
306
531
1178
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 55% of the average value of its portfolio.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityHighIncomeFund column period compact * ~</div>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities, of U.S. and non-U.S. issuers, including emerging market countries.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in non-income producing securities, including defaulted securities and common stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Allocating investments across different countries and regions.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in securities issued throughout the world, including potentially significant investments in U.S. issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using a base neutral mix of approximately 60% U.S. high yield, 20% emerging markets debt, 15% European high yield, and 5% Asian high yield.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Adjusting allocation among markets within the following ranges: U.S. high yield (40%-80%); emerging markets debt (5%-35%); European high yield (0%-30%); and Asian high yield (0%-10%).</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Analyzing an issuer using fundamental factors (<i>e.g.,</i> financial condition, earnings outlook, and strategy) and evaluating each security's current price relative to estimated long-term value to select investments.</font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3">Fund/<b>Class:</b><br/>Fidelity<sup>®</sup> Global High Income Fund</font><font style="FONT-FAMILY: Times New Roman" size="3">/<b>Fidelity Advisor</b><sup>®</sup> <b>Global High Income Fund A, T, C</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks a high level of current income. Growth of capital may also be considered.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.<br/><br/>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page (Click Here) of the prospectus.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Year</font>
0.1696
<font style="FONT-FAMILY: Times New Roman" size="3">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds.</font>
50000
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
0.04
0.04
0
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the period shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">5.95%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">0.81%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">1.49%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
0
0
0.01
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
-0.01
-0.01
-0.01
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityFocusedHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityFocusedHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityFocusedHighIncomeFund column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" size="2"><i>Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.</i></font>
<font style="FONT-FAMILY: Times New Roman" size="2"><i>Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.</i></font>
<font style="FONT-FAMILY: Times New Roman" size="2"><i>On Class C shares redeemed less than one year after purchase.</i></font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual class operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
0.1696
0.147
0.1093
0.1974
0.1879
0.0684
0.0491
0.0466
0.0989
0.0901
0.0072
0.0072
0.0072
0.0025
0.0025
0.01
0.0027
0.0028
0.0029
0.0124
0.0125
0.0201
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund:</b><br/><b>Fidelity</b><sup>®</sup><b>Focused High Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks a high level of income. The fund may also seek capital appreciation. </font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:</font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual fund operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
0.0056
0
<font style="FONT-FAMILY: Times New Roman" size="3">Sell All Shares</font>
<font style="FONT-FAMILY: Times New Roman" size="3">Hold Shares</font>
2011-05-11
2011-05-11
2011-05-11
2011-05-11
2011-05-11
0.0025
0.0081
521
522
304
778
781
630
1054
1059
1083
1840
1851
2338
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds. <br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: </font>
83
259
450
1002
0.55
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 47% of the average value of its portfolio.</font>
0.47
521
522
204
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
778
781
630
1054
1059
1083
1840
1851
2338
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in securities rated BB by Standard & Poor's (S&P), Ba by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company (FMR) to be of comparable quality. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in securities that have a higher or lower credit quality. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in non-income producing securities, including defaulted securities and common stocks. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments. </font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font>
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
2013-03-31
0.0149
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
2012-03-31
0.0595
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
2012-06-30
0.0081
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell. </font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 55% of the average value of its portfolio.</font>
0.55
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. <br/><br/>Visit www.fidelity.com for updated return information. </font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities, of U.S. and non-U.S. issuers, including emerging market countries.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in non-income producing securities, including defaulted securities and common stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Allocating investments across different countries and regions.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in securities issued throughout the world, including potentially significant investments in U.S. issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using a base neutral mix of approximately 60% U.S. high yield, 20% emerging markets debt, 15% European high yield, and 5% Asian high yield.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Adjusting allocation among markets within the following ranges: U.S. high yield (40%-80%); emerging markets debt (5%-35%); European high yield (0%-30%); and Asian high yield (0%-10%).</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Analyzing an issuer using fundamental factors (<i>e.g.,</i> financial condition, earnings outlook, and strategy) and evaluating each security's current price relative to estimated long-term value to select investments.</font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. </font>
<font style="FONT-FAMILY: Times New Roman" size="3"> Past performance (before and after taxes) is not an indication of future performance. </font>
<font style="FONT-FAMILY: Times New Roman" size="3"> www.fidelity.com </font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Years</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font>
0.0281
0.085
0.0309
-0.205
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell. </font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font>
0.3507
0.1205
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font>
0.0587
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
0.1169
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.advisor.fidelity.com for updated return information.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font>
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the periods shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">10.91%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2009</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">-14.61%</font></i> </div></td><td><div align="left"><i><font size="-1">December 31, 2008</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">1.77%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
<font style="FONT-FAMILY: Times New Roman" size="3">www.advisor.fidelity.com</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font>
<font style="FONT-FAMILY: Times New Roman" >The BofA Merrill Lynch<sup>SM</sup> Global High Yield and Emerging Markets Plus Index</font>
<font style="FONT-FAMILY: Times New Roman" >Fidelity Global High Income Composite Index<sup>SM</sup>
<font style="FONT-FAMILY: Times New Roman" size="3">The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown.<br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Year</font>
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
2013-03-31
0.0177
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
2009-06-30
0.1091
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
2008-12-31
-0.1461
<font style="FONT-FAMILY: Times New Roman" >Fidelity Global High Income Fund</font>
<font style="FONT-FAMILY: Times New Roman" >Fidelity Global High Income Fund</font>
<font style="FONT-FAMILY: Times New Roman" >Fidelity Global High Income Fund</font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityGlobalHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityGlobalHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityGlobalHighIncomeFundBarChart column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityGlobalHighIncomeFund column period compact * ~</div>
0.1663
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the period shown in the chart for Class A:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">5.88%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">0.75%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">1.41%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
2013-03-31
0.0141
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
2012-03-31
0.0588
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
2012-06-30
0.0075
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. </font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
0.1197
0.0991
0.077
0.1195
0.1473
0.1974
0.1879
0.0394
0.0215
0.0229
0.0393
0.0574
0.0989
0.0901
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityGlobalHighIncomeFund column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. </font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.fidelity.com for updated return information.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. </font>
<font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font>
<font style="FONT-FAMILY: Times New Roman" size="3"> Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. </font>
2011-05-11
2011-05-11
2011-05-11
2011-05-11
2011-05-11
2011-05-11
2011-05-11
0.1169
0.0942
0.0768
0.1396
0.073
0.0448
0.0458
0.1018
0.0659
0.0406
0.0414
0.083
<font style="FONT-FAMILY: Times New Roman" ><b>Class A - Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Class A - Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Class A - Return After Taxes on Distributions and Sale of Fund Shares</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Class T - Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Class C - Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" >The BofA Merrill Lynch<sup>SM</sup> Global High Yield and Emerging Markets Plus Index</font>
<font style="FONT-FAMILY: Times New Roman" >Fidelity Global High Income Composite Index<sup>SM</sup></font>
2004-09-08
2004-09-08
2004-09-08
2004-09-08
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityGlobalHighIncomeFundClassATC column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityGlobalHighIncomeFundClassATC column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Focused High Income Fund </b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Focused High Income Fund </b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Focused High Income Fund </b></font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityGlobalHighIncomeFundClassATC column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font>
<font style="FONT-FAMILY: Times New Roman">The BofA Merrill Lynch<sup>SM</sup> BB US High Yield Constrained Index</font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleNoRedemptionFidelityGlobalHighIncomeFundClassATC column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityGlobalHighIncomeFundClassATCBarChart column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityGlobalHighIncomeFundClassATC column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityFocusedHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityFocusedHighIncomeFundBarChart column period compact * ~</div>
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund</b>/Class:<br/><b>Fidelity</b><sup>®</sup><b>Series High Income Fund</b>/F</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks a high level of current income. Growth of capital may also be considered. </font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. </font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
0
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual class operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
0.0057
0
0.0001
0.0058
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: </font>
59
186
324
726
<font style="FONT-FAMILY: Times New Roman" size="3">Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. </font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. </font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 45% of the average value of its portfolio.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. </font>
0.45
<font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. </font>
<font style="FONT-FAMILY: Times New Roman" size="3">Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. </font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in non-income producing securities, including defaulted securities and common stocks. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Managing the fund to have similar credit quality distribution to an index representing the overall high yield bond market, which as of April 30, 2013, was The BofA Merrill Lynch<sup>SM</sup> US High Yield Constrained Index. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments. </font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fund</b>/Class:<br/><b>Fidelity</b><sup>®</sup><b>Series High Income Fund</b></font><font style="FONT-FAMILY: Times New Roman" size="3">/Fidelity Series High Income Fund</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks a high level of current income. Growth of capital may also be considered.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"> <i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. </font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell. </font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. </font>
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual class operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
0
0.0057
0
0.0014
0.0071
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:</font>
73
227
395
883
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3">Visit www.401k.com and log in for updated return information.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. </font>
<font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">www.401k.com and log in for updated return information</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Year</font>
0.1586
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 45% of the average value of its portfolio.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the period shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">6.12%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">1.36%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">2.99%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
2012-03-31
0.0612
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
2012-06-30
0.0136
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
2013-03-31
0.0299
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in non-income producing securities, including defaulted securities and common stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Managing the fund to have similar credit quality distribution to an index representing the overall high yield bond market, which as of April 30, 2013, was The BofA Merrill Lynch<sup>SM</sup> US High Yield Constrained Index.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in domestic and foreign issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.</font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.</font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font>
<font style="FONT-FAMILY: Times New Roman" size="3"> The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font>
0.1586
0.1348
0.1022
0.1555
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.fidelity.com for updated return information.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Year</font>
0.0817
0.0592
0.0561
0.0876
0.1571
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the period shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">6.09%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">1.32%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">2.96%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
2011-03-10
2011-03-10
2011-03-10
2011-03-10
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
<font style="FONT-FAMILY: Times New Roman" ><b>Class F </b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Class F </b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Class F </b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font>
<font style="FONT-FAMILY: Times New Roman">The BofA Merrill Lynch<sup>SM</sup> US High Yield Constrained Index</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
0.1571
0.1339
0.1013
0.1555
0.0804
0.0584
0.0552
0.0876
0.0072
0
0.0026
0.0098
100
312
542
1201
0.1692
0.1692
0.1468
0.1091
0.1974
0.1879
0.0682
0.0489
0.0464
0.0989
0.0901
2011-03-10
2011-03-10
2011-03-10
2011-03-10
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesHighIncomeFundClassF column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelitySeriesHighIncomeFundClassF column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesHighIncomeFundClassF column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesHighIncomeFundClassFBarChart column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesHighIncomeFundClassF column period compact * ~</div>
0.45
<font style="FONT-FAMILY: Times New Roman" size="5"><b>Fund Summary</b></font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="3">Fund/<b>Class:</b><br/>Fidelity<sup>®</sup> Global High Income Fund/</font><font style="FONT-FAMILY: Times New Roman" size="3"><b>Fidelity Advisor</b><sup>®</sup> <b>Global High Income Fund Institutional</b></font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Investment Objective</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund seeks a high level of current income. Growth of capital may also be considered.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Fee Table</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Shareholder fees</b></font><br/><font size="-2"><b>(fees paid directly from your investment)</b></font>
-0.01
<font style="FONT-FAMILY: Times New Roman" size="3"><b>Annual class operating expenses</b></font><br/><font size="-2"><b>(expenses that you pay each year as a % of the value of your investment)</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">www.fidelity.com</font>
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
0.0296
2013-03-31
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
0.0609
2012-03-31
<font style="FONT-FAMILY: Times New Roman" size="3">This <b>example</b> helps compare the cost of investing in the fund with the cost of investing in other mutual funds.<br/><br/>Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:</font>
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
0.0132
2012-06-30
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Portfolio Turnover</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 55% of the average value of its portfolio. </font>
0.55
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Strategies</b></font>
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3">Normally investing primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities, of U.S. and non-U.S. issuers, including emerging market countries.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Potentially investing in non-income producing securities, including defaulted securities and common stocks.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in companies in troubled or uncertain financial condition.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Allocating investments across different countries and regions.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Investing in securities issued throughout the world, including potentially significant investments in U.S. issuers.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Using a base neutral mix of approximately 60% U.S. high yield, 20% emerging markets debt, 15% European high yield, and 5% Asian high yield.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Adjusting allocation among markets within the following ranges: U.S. high yield (40%-80%); emerging markets debt (5%-35%); European high yield (0%-30%); and Asian high yield (0%-10%).</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3">Analyzing an issuer using fundamental factors (<i>e.g.,</i> financial condition, earnings outlook, and strategy) and evaluating each security's current price relative to estimated long-term value to select investments. </font></li></ul>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Principal Investment Risks</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Series High Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Series High Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Fidelity Series High Income Fund</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font>
-0.01
<ul><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Stock Market Volatility.</i> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Interest Rate Changes.</i> Interest rate increases can cause the price of a debt security to decrease.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Foreign Exposure.</i> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.</font></li><li><font style="FONT-FAMILY: Times New Roman" size="3"><i>Issuer-Specific Changes.</i> The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell. </font></li></ul><font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font>
<font style="FONT-FAMILY: Times New Roman" >The BofA Merrill Lynch<sup>SM</sup> US High Yield Constrained Index</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Performance</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.<br/><br/>Visit www.advisor.fidelity.com for updated return information.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index and a hypothetical composite of market indexes over various periods of time.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">Past performance (before and after taxes) is not an indication of future performance.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">www.advisor.fidelity.com</font>
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Year-by-Year Returns</b></font><br/><font style="FONT-FAMILY: Times New Roman" size="2">Calendar Year</font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelitySeriesHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesHighIncomeFund column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelitySeriesHighIncomeFundBarChart column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelitySeriesHighIncomeFund column period compact * ~</div>
<table border="1" width="95%"><tr><td><div align="left"><i><font size="-1">During the period shown in the chart:</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Returns</font></i> </div></td><td valign="bottom" align="center"><div align="center"><i><font size="-2">Quarter ended</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Highest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">5.94%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Lowest Quarter Return</font></i> </div></td><td><div align="right"><i><font size="-1">0.81%</font></i> </div></td><td><div align="left"><i><font size="-1">June 30, 2012</font></i></div></td></tr><tr><td><div align="left"><i><font size="-1">Year-to-Date Return</font></i> </div></td><td><div align="right"><i><font size="-1">1.49%</font></i> </div></td><td><div align="left"><i><font size="-1">March 31, 2013</font></i></div></td></tr></table>
<font style="FONT-FAMILY: Times New Roman" ><i>Year-to-Date Return</i></font>
2013-03-31
0.0149
<font style="FONT-FAMILY: Times New Roman" ><i>Highest Quarter Return</i></font>
2012-03-31
0.0594
<font style="FONT-FAMILY: Times New Roman" ><i>Lowest Quarter Return</i></font>
2012-06-30
0.0081
<font style="FONT-FAMILY: Times New Roman" size="4"><b>Average Annual Returns</b></font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font><br/><br/><font style="FONT-FAMILY: Times New Roman" size="2">For the periods ended<br/>December 31, 2012</font>
<font style="FONT-FAMILY: Times New Roman" size="3">After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes.</font>
<font style="FONT-FAMILY: Times New Roman" size="3">The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.</font>
2011-05-11
2011-05-11
2011-05-11
2011-05-11
2011-05-11
<font style="FONT-FAMILY: Times New Roman" size="3">The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.</font>
<font style="FONT-FAMILY: Times New Roman" ><b>Institutional Class</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Institutional Class</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Institutional Class</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return Before Taxes</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions</b></font>
<font style="FONT-FAMILY: Times New Roman" ><b>Return After Taxes on Distributions and Sale of Fund Shares </b></font>
<font style="FONT-FAMILY: Times New Roman" >The BofA Merrill Lynch<sup>SM</sup> Global High Yield and Emerging Markets Plus Index</font>
<font style="FONT-FAMILY: Times New Roman" >Fidelity Global High Income Composite Index<sup>SM</sup></font>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityGlobalHighIncomeFundInstitutionalClass column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelityGlobalHighIncomeFundInstitutionalClass column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityGlobalHighIncomeFundInstitutionalClass column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityGlobalHighIncomeFundInstitutionalClassBarChart column period compact * ~</div>
<div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityGlobalHighIncomeFundInstitutionalClass column period compact * ~</div>