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FIDELITY CHARLES STREET TRUST
Fund Summary
Fund:Moderate with Income Allocation Fund
Investment Objective
The fund seeks high current income and, as a secondary objective, 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.
Shareholder fees
0
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
0.0010
0
0.0013
0.0003
Based on estimated amounts for the current fiscal year.
January 31, 2026
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:
3
10
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities
directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher
transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred,
would not be reflected in annual operating expenses or in the example and would affect the fund's performance.
Principal Investment Strategies
Investing in a combination of two Fidelity® equity index funds (U.S. and international) and two Fidelity® investment-grade bond index funds.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:
Fidelity® Total Market Index Fund
21%
Fidelity® Total International Index Fund
9%
Fidelity® U.S. Bond Index Fund
50%
Fidelity® Short-Term Bond Index Fund
20%
Principal Investment Risks
Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying
funds will not meet their investment objectives.
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.
Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.
Foreign Exposure. Foreign 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.
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.
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. Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending
transaction) can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's
value or result in delays in recovering securities and/or capital from a counterparty. 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.
Correlation to Index. The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the
underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions
to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may
not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
Passive Management Risk. Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track
the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's
index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks
to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed
funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline
or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent
that its index concentrates in the securities of issuers in a particular industry or group of industries.
Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
Securities Lending Risk. Securities lending involves the risk that the borrower may fail to return the securities loaned in a timely manner or at all.
If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, an underlying
fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral.
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.
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.
Performance
Performance history will be available for the fund after the fund has been in operation for one calendar year.
Fund Summary
Fund:Balanced Allocation Fund
Investment Objective
The fund seeks high total return.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.
Shareholder fees
0
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
0.0010
0
0.0013
0.0003
Based on estimated amounts for the current fiscal year.
January 31, 2026
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:
3
10
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities
directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher
transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred,
would not be reflected in annual operating expenses or in the example and would affect the fund's performance.
Principal Investment Strategies
Investing in a combination of two Fidelity® equity index funds (U.S. and international) and two Fidelity® investment-grade bond index funds.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:
Fidelity® Total Market Index Fund
35%
Fidelity® Total International Index Fund
15%
Fidelity® U.S. Bond Index Fund
40%
Fidelity® Short-Term Bond Index Fund
10%
Principal Investment Risks
Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying
funds will not meet their investment objectives.
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.
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. The extent
of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can
be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting
systems than those in more developed markets, which may reduce the scope or quality of financial information available to
investors. 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.
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. Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending
transaction) can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's
value or result in delays in recovering securities and/or capital from a counterparty. 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.
Correlation to Index. The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the
underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions
to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may
not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
Passive Management Risk. Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track
the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's
index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks
to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed
funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline
or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent
that its index concentrates in the securities of issuers in a particular industry or group of industries.
Mid Cap Investing. The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other
types of stocks and can be more volatile than that of larger issuers.
Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types
of stocks and can be more volatile than that of larger issuers.
Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
Securities Lending Risk. Securities lending involves the risk that the borrower may fail to return the securities loaned in a timely manner or at all.
If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, an underlying
fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral.
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.
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.
Performance
Performance history will be available for the fund after the fund has been in operation for one calendar year.
Fund Summary
Fund:Growth Allocation Fund
Investment Objective
The fund seeks 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.
Shareholder fees
0
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
0.0010
0
0.0013
0.0003
Based on estimated amounts for the current fiscal year.
January 31, 2026
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:
3
10
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities
directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher
transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred,
would not be reflected in annual operating expenses or in the example and would affect the fund's performance.
Principal Investment Strategies
Investing in a combination of two Fidelity® equity index funds (U.S. and international) and two Fidelity® investment-grade bond index funds.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:
Fidelity® Total Market Index Fund
49%
Fidelity® Total International Index Fund
21%
Fidelity® U.S. Bond Index Fund
25%
Fidelity® Short-Term Bond Index Fund
5%
Principal Investment Risks
Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying
funds will not meet their investment objectives.
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.
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. The extent
of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can
be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting
systems than those in more developed markets, which may reduce the scope or quality of financial information available to
investors. 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.
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. Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending
transaction) can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's
value or result in delays in recovering securities and/or capital from a counterparty. 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.
Correlation to Index. The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the
underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions
to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may
not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
Passive Management Risk. Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track
the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's
index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks
to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed
funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline
or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent
that its index concentrates in the securities of issuers in a particular industry or group of industries.
Mid Cap Investing. The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other
types of stocks and can be more volatile than that of larger issuers.
Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types
of stocks and can be more volatile than that of larger issuers.
Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
Securities Lending Risk. Securities lending involves the risk that the borrower may fail to return the securities loaned in a timely manner or at all.
If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, an underlying
fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral.
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.
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.
Performance
Performance history will be available for the fund after the fund has been in operation for one calendar year.
Fund Summary
Fund:Aggressive Growth Allocation Fund
Investment Objective
The fund seeks 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.
Shareholder fees
0
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
0.0010
0
0.0013
0.0003
Based on estimated amounts for the current fiscal year.
January 31, 2026
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:
3
10
Portfolio Turnover
The fund will not incur transaction costs, such as commissions, when it buys and sells shares of underlying Fidelity® funds (or "turns over" its portfolio), but it could incur transaction costs if it were to buy and sell other types of securities
directly. If the fund were to buy and sell other types of securities directly, a higher portfolio turnover rate could indicate higher
transaction costs and could result in higher taxes when fund shares are held in a taxable account. Such costs, if incurred,
would not be reflected in annual operating expenses or in the example and would affect the fund's performance.
Principal Investment Strategies
Investing in a combination of two Fidelity® equity index funds (U.S. and international) and one Fidelity® investment-grade bond index fund.
Allocating assets among underlying Fidelity® index funds according to an asset allocation of approximately:
Fidelity® Total Market Index Fund
60%
Fidelity® Total International Index Fund
25%
Fidelity® U.S. Bond Index Fund
15%
Principal Investment Risks
Investing in Other Funds. The fund bears all risks of investment strategies employed by the underlying funds, including the risk that the underlying
funds will not meet their investment objectives.
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.
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. The extent
of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory oversight can
be less than in more developed markets. Emerging markets typically have less established legal, accounting and financial reporting
systems than those in more developed markets, which may reduce the scope or quality of financial information available to
investors. 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.
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. Changes in the financial condition of an issuer or counterparty (e.g., broker-dealer or other borrower in a securities lending
transaction) can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's
value or result in delays in recovering securities and/or capital from a counterparty. 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.
Correlation to Index. The performance of an underlying index fund and its index may vary somewhat due to factors such as fees and expenses of the
underlying fund, transaction costs, sample selection, regulatory restrictions, and timing differences associated with additions
to and deletions from the index. Errors in the construction or calculation of the index may occur from time to time and may
not be identified and corrected for some period of time, which may have an adverse impact on an underlying fund and its shareholders.
Passive Management Risk. Some of the underlying funds in which the fund invests are managed with a passive investment strategy, attempting to track
the performance of an unmanaged index of securities, regardless of the current or projected performance of an underlying fund's
index or of the actual securities included in the index. This differs from an actively managed fund, which typically seeks
to outperform a benchmark index. As a result, the performance of these underlying funds could be lower than actively managed
funds that may shift their portfolio assets to take advantage of market opportunities or lessen the impact of a market decline
or a decline in the value of one or more issuers. An underlying index fund may be concentrated to approximately the same extent
that its index concentrates in the securities of issuers in a particular industry or group of industries.
Mid Cap Investing. The value of securities of medium size, less well-known issuers can perform differently from the market as a whole and other
types of stocks and can be more volatile than that of larger issuers.
Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types
of stocks and can be more volatile than that of larger issuers.
Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.
Securities Lending Risk. Securities lending involves the risk that the borrower may fail to return the securities loaned in a timely manner or at all.
If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, an underlying
fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral.
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.
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.
Performance
Performance history will be available for the fund after the fund has been in operation for one calendar year.