Supplement to the
Fidelity® Series Floating Rate High Income Fund
November 29, 2021
Prospectus 

Effective October 1, 2022, the following information supplements similar information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading".

Chandler Perine (co-manager) has managed the fund since October 2022.

Effective October 1, 2022, the following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Chandler Perine is co-manager of the fund, which he has managed since October 2022. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Perine has worked as a research analyst and portfolio manager.

SFR-22-01
1.966432.102 August 22, 2022