12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 | Fidelity Advisor® Multi-Asset Income Fund

Fund Summary

Fund/Class:
Fidelity Advisor® Multi-Asset Income Fund/A, T, C

Investment Objective

The fund seeks to provide a combination of income and capital appreciation.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.

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 27 of the prospectus.

Shareholder fees

(fees paid directly from your investment)

Shareholder Fees {- Fidelity Advisor® Multi-Asset Income Fund} - 12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 - Fidelity Advisor® Multi-Asset Income Fund	Fidelity Advisor Multi-Asset Income Fund-Class A		Fidelity Advisor Multi-Asset Income Fund-Class T		Fidelity Advisor Multi-Asset Income Fund-Class C
Maximum sales charge (load) on purchases (as a % of offering price)	4.00%		4.00%		none
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	none	[1]	none	[1]	1.00%	[2]

Annual Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Annual Operating Expenses {- Fidelity Advisor® Multi-Asset Income Fund} - 12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 - Fidelity Advisor® Multi-Asset Income Fund		Fidelity Advisor Multi-Asset Income Fund-Class A	Fidelity Advisor Multi-Asset Income Fund-Class T	Fidelity Advisor Multi-Asset Income Fund-Class C
Management fee		0.56%	0.56%	0.56%
Distribution and/or Service (12b-1) fees		0.25%	0.25%	1.00%
Other expenses	[1]	0.97%	0.97%	0.97%
Total annual operating expenses		1.78%	1.78%	2.53%
Fee waiver and/or expense reimbursement	[2]	0.68%	0.68%	0.68%
Total annual operating expenses after fee waiver and/or expense reimbursement		1.10%	1.10%	1.85%

This example helps compare the cost of investing in the fund with the cost of investing in other funds.

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:

Sell All Shares

Expense Example {- Fidelity Advisor® Multi-Asset Income Fund} - 12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 - Fidelity Advisor® Multi-Asset Income Fund - USD ($)	Fidelity Advisor Multi-Asset Income Fund-Class A	Fidelity Advisor Multi-Asset Income Fund-Class T	Fidelity Advisor Multi-Asset Income Fund-Class C
1 year	$ 508	$ 508	$ 288
3 years	$ 863	$ 863	$ 712

Hold Shares

Expense Example, No Redemption {- Fidelity Advisor® Multi-Asset Income Fund} - 12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 - Fidelity Advisor® Multi-Asset Income Fund - USD ($)	Fidelity Advisor Multi-Asset Income Fund-Class A	Fidelity Advisor Multi-Asset Income Fund-Class T	Fidelity Advisor Multi-Asset Income Fund-Class C
1 Year	$ 508	$ 508	$ 188
3 Years	$ 863	$ 863	$ 712

Portfolio Turnover

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. For the period from September 9, 2015 to December 31, 2015, the fund's portfolio turnover rate was 71% of the average value of its portfolio.

Principal Investment Strategies

• Normally investing primarily in income producing securities of all types.
• Allocating the fund's assets among equity and debt securities, including common and preferred stock, investment-grade debt securities, lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), floating rate securities, and convertible securities.
• Investing in domestic and foreign issuers.
• Allocating assets across different market sectors and maturities.
• Analyzing a security's structural features and current pricing, its issuer's potential for success, and the credit, currency, and economic risks of the security and its issuer to select investments.
• Adjusting allocation among asset classes to take advantage of short-term market opportunities and strategic, longer-term opportunities.

Principal Investment Risks

• Asset Allocation Risk. If the fund's asset allocation strategy does not work as intended, the fund may not achieve its objective.

• Stock Market Volatility. 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.

• Impairment of Collateral. A floating rate loan may not be fully collateralized which may cause the floating rate loan to decline significantly in value.

• Floating Rate Loan Trading. A floating rate loan may not be fully collateralized which may cause the floating rate loan to decline significantly in value. Floating rate loans generally are subject to restrictions on resale. Floating rate loans sometimes trade infrequently in the secondary market. As a result, valuing a floating rate loan can be more difficult, and buying and selling a floating rate loan at an acceptable price can be more difficult or delayed. Difficulty in selling a floating rate loan can result in a loss.

• Floating Rate Loan Liquidity. Floating rate loans generally are subject to restrictions on resale. Floating rate loans sometimes trade infrequently in the secondary market. As a result, valuing a floating rate loan can be more difficult, and buying and selling a floating rate loan at an acceptable price can be more difficult or delayed, including extended trade settlement periods. Difficulty in selling a floating rate loan can result in a loss.

• Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.

• Foreign and Emerging Market Risk. 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.

• Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change and can limit the potential for gains when the credit quality of the issuer improves.

• Issuer-Specific Changes. 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. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a security to decrease. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), including floating rate loans, 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, including floating rate loans, 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.

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. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund.

Performance

Performance history will be available for the fund after the fund has been in operation for one calendar year.

12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 | Fidelity Advisor® Multi-Asset Income Fund | Fidelity Advisor Multi-Asset Income Fund-Class A

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.

12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 | Fidelity Advisor® Multi-Asset Income Fund | Fidelity Advisor Multi-Asset Income Fund-Class T

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.

12.31 Fidelity Advisor Multi-Asset Income Fund ATC PRO-01 | Fidelity Advisor® Multi-Asset Income Fund | Fidelity Advisor Multi-Asset Income Fund-Class C

On Class C shares redeemed less than one year after purchase.

[1] 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.

[2] On Class C shares redeemed less than one year after purchase.

[1] Based on estimated amounts for the current fiscal year.

[2] Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Class A, Class T, and Class C of the fund to the extent that total operating expenses (excluding interest, certain taxes, certain securities lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of their respective average net assets, exceed 1.10%, 1.10%, and 1.85%, respectively. These arrangements will remain in effect through February 28, 2017. FMR may not terminate these arrangements before the expiration date without the approval of the Board of Trustees.