497 1 filing842.htm PRIMARY DOCUMENT

Supplement to the
Fidelity® Government Income Fund
Class A, Class T, Class C and Class I
October 29, 2016
Prospectus

On or about July 13, 2017, Advisor M Class of Fidelity® Government Money Market Fund will replace Daily Money Class shares of Fidelity® funds as an exchange privilege for Class M (formerly Class T) shareholders.

Effective after close of business on March 24, 2017, Class T will be renamed Class M.


AGVT-17-02
1.842500.116		May 5, 2017

Supplement to the
Fidelity Income Replacement 2016 Fund℠, Fidelity Income Replacement 2018 Fund℠, Fidelity Income Replacement 2020 Fund℠, Fidelity Income Replacement 2022 Fund℠, Fidelity Income Replacement 2024 Fund℠, Fidelity Income Replacement 2026 Fund℠, Fidelity Income Replacement 2028 Fund℠, Fidelity Income Replacement 2030 Fund℠, Fidelity Income Replacement 2032 Fund℠, Fidelity Income Replacement 2034 Fund℠, Fidelity Income Replacement 2036 Fund℠, Fidelity Income Replacement 2038 Fund℠, Fidelity Income Replacement 2040 Fund℠ and Fidelity Income Replacement 2042 Fund℠
Class A, Class T, Class C and Class I
September 29, 2016
Prospectus

On or about July 13, 2017, Advisor M Class of Fidelity® Government Money Market Fund will replace Daily Money Class shares of Fidelity® funds as an exchange privilege for Class M (formerly Class T) shareholders.

Effective after close of business on March 24, 2017, Class T will be renamed Class M.

Fidelity Income Replacement 2018 Fund℠ and Fidelity Income Replacement 2020 Fund℠:

On January 19, 2017, the Board of Trustees approved a plan of liquidation for Fidelity Income Replacement 2018 Fund℠ and Fidelity Income Replacement 2020 Fund℠. Each fund is expected to liquidate on or about March 31, 2017. For shareholders in taxable accounts, any realized gains as a result of the liquidation may be subject to taxes.

Fidelity Income Replacement 2022 Fund℠, Fidelity Income Replacement 2024 Fund℠, Fidelity Income Replacement 2026 Fund℠, Fidelity Income Replacement 2028 Fund℠, Fidelity Income Replacement 2030 Fund℠, Fidelity Income Replacement 2032 Fund℠, Fidelity Income Replacement 2034 Fund℠, Fidelity Income Replacement 2036 Fund℠, Fidelity Income Replacement 2038 Fund℠, Fidelity Income Replacement 2040 Fund℠ and Fidelity Income Replacement 2042 Fund℠:

On January 19, 2017, the Board of Trustees approved, subject to shareholder approval, proposals to: (i) modify each fund’s fundamental investment objective; and (ii) adopt an amended and restated management contract between each fund and FMR Co., Inc. in order to implement a new pricing structure for each fund that will reduce the overall expenses that fund shareholders pay, relative to the fund’s expenses as of July 31, 2016, and provide for less fluctuation in fund expenses. Under the new pricing structure, each fund will charge shareholders for all of its operating expenses directly, and most expenses that are currently charged by the underlying funds in which the funds invest will be eliminated. A meeting of shareholders of each fund is currently expected to occur in the second quarter of 2017 to vote on these proposals. If shareholders of a fund approve these proposals, the fund will also change its name and investment strategies, as described more fully in the proxy statement relating to the proposals.

Shareholders of record will be entitled to vote at the meeting. Shareholders should read the proxy statement, which contains important information about the proposals, when it becomes available. For a free copy of the proxy statement, please contact Fidelity at 1-877-208-0098. The proxy statement will also be available on the Securities and Exchange Commission’s web site (www.sec.gov).

Fidelity Income Replacement 2016 Fund℠:

On September 15, 2016, the Board of Trustees approved a plan of liquidation for Fidelity Advisor Income Replacement 2016 Fund℠. The fund is expected to liquidate on or about January 27, 2017. For shareholders in taxable accounts, any realized gains as a result of the liquidation may be subject to taxes.


ARW-17-03
1.856010.120		May 5, 2017

Supplement to the
Fidelity® Total Bond Fund
Class A, Class T, Class C, Class I and Class Z
October 29, 2016
Prospectus

On or about July 13, 2017, Advisor M Class of Fidelity® Government Money Market Fund will replace Daily Money Class shares of Fidelity® funds as an exchange privilege for Class M (formerly Class T) shareholders.

Effective after close of business on March 24, 2017, Class T will be renamed Class M.

Effective December 12, 2016, the information found in the "Shareholder Information" section under the heading "Dividends and Capital Gain Distributions" applies to Class A, Class T, Class C, Class I, and Class Z.

Effective December 12, 2016, the following information replaces similar information found in the "Fund Summary" section under the heading "Purchase and Sale of Shares".

You may buy or sell Class A, Class T, Class C, Class I, and Class Z shares through a retirement account or through an investment professional. You may buy or sell shares in various ways:

Internet

institutional.fidelity.com

Phone

To reach a Fidelity representative 1-877-208-0098

Mail

Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0081
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015

Class Z shares generally are offered to (i) employee benefit plans investing through an intermediary (ii) employee benefit plans not recordkept by Fidelity and may be offered directly to employee benefit plans recordkept by Fidelity, and (iii) certain managed account programs. For this purpose, employee benefit plans generally include profit sharing, 401(k), and 403(b) plans, but do not include: IRAs; SIMPLE, SEP, or SARSEP plans; plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans); health savings accounts; or plans investing through the Fidelity Advisor 403(b) program. Plan participants may purchase Class Z shares of the fund only if Class Z shares are eligible for sale and available through their plan. You may buy or sell shares by contacting your employee benefit plan.

Class I and Class Z eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.

The price to buy one share of Class A or Class T is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if you qualify for a front-end sales charge waiver. The price to buy one share of Class C, Class I, or Class Z is its NAV. Shares will be bought at the offering price or NAV, as applicable, next calculated after an order is received in proper form.

The price to sell one share of Class A, Class T, or Class C is its NAV, minus any applicable contingent deferred sales charge (CDSC). The price to sell one share of Class I or Class Z is its NAV. Shares will be sold at the NAV next calculated after an order is received in proper form, minus any applicable CDSC.

The fund is open for business each day the New York Stock Exchange (NYSE) is open.

Initial Purchase Minimum - Class A, Class T, Class C, and Class I $2,500 
Fidelity Advisor® Traditional IRA, Roth IRA, Rollover IRA, and Simplified Employee Pension-IRA for which Fidelity Management Trust Company or an affiliate serves as custodian $500 
Through a regular investment plan established at the time the fund position is opened $100 

There is no purchase minimum for Class Z shares.

The fund may waive or lower purchase minimums in other circumstances.

Effective December 12, 2016, the following information replaces similar information found in the "Shareholder Information" section under the heading "Additional Information about the Purchase and Sale of Shares".

You may buy or sell shares through a retirement account or an investment professional. When you invest through a retirement account or an investment professional, the procedures for buying, selling, and exchanging shares and the account features, policies, and fees may differ. Additional fees may apply to your investment in shares, including a transaction fee if you buy or sell shares through a broker or other investment professional.

Information on Placing Orders

You should include the following information with any order:

  • Your name
  • Your account number
  • Type of transaction requested
  • Name(s) of fund(s) and class(es)
  • Dollar amount or number of shares

Certain methods of contacting Fidelity may be unavailable or delayed (for example, during periods of unusual market activity). In addition, the level and type of service available may be restricted.

Effective December 12, 2016, the following information replaces similar information found in the "Shareholder Information" section under the heading "Buying Shares".


Class Z shares generally are offered to:

1. Employee benefit plans investing through an intermediary and employee benefit plans not recordkept by Fidelity. Class Z shares also may be offered directly to employee benefit plans recordkept by Fidelity. For this purpose, employee benefit plans generally include profit sharing, 401(k), and 403(b) plans, but do not include: IRAs; SIMPLE, SEP, or SARSEP plans; plans covering self-employed individuals and their employees (formerly Keogh/H.R. 10 plans); health savings accounts; or plans investing through the Fidelity Advisor 403(b) program; and

2. Broker-dealer, registered investment adviser, insurance company, trust institution and bank trust department managed account programs that charge an asset-based fee.

Please contact Fidelity or your investment professional for more information about Class Z shares

Minimum Waivers

For Class A, Class T, and Class C:

There is no minimum balance or purchase minimum for (i) certain Fidelity® retirement accounts funded through salary deduction, or fund positions opened with the proceeds of distributions from such retirement accounts or from a Fidelity® systematic withdrawal service, or (ii) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

For Class I:

There is no minimum balance or purchase minimum for (i) investments through Portfolio Advisory Services, (ii) certain Fidelity® retirement accounts funded through salary deduction, or fund positions opened with the proceeds of distributions from such retirement accounts or from a Fidelity® systematic withdrawal service, (iii) investments through a mutual fund or a qualified tuition program for which Fidelity serves as investment manager, or (iv) certain mutual fund wrap program accounts. An eligible wrap program must offer asset allocation services, charge an asset-based fee to its participants for asset allocation and/or other advisory services, and meet trading and other operational requirements under an appropriate agreement with FDC. In addition, the fund may waive or lower purchase minimums in other circumstances.

For Class Z:

There is no minimum balance or purchase minimum for Class Z shares.

Effective December 12, 2016, the following information supplements similar information found in the "Shareholder Information" section under the heading "Selling Shares".

Class Z:

When your relationship with your managed account provider is terminated, your shares may be sold at the NAV next calculated, in which case the redemption proceeds will remain in your account pending your instruction.

Effective December 12, 2016, the following information replaces similar information found in the "Shareholder Information" section under the heading "Exchanging Shares".

As a Class Z shareholder, you have the privilege of exchanging Class Z shares for the same class of shares of other Fidelity® funds that offer Advisor classes of shares or Class Z shares of other Fidelity® funds available through your employee benefit plan, or if the Fidelity® fund does not offer Class Z shares, then other classes of the Fidelity® fund that are available through your plan.


ATB-17-02
1.808071.128		May 5, 2017