Fidelity Funds - Fidelity Institutional Target™ 2050 (Euro) Fund P-Acc-EUR

Fidelity Instl Trgt™ 2050 (Euro) Fd is built to grow investors’ capital over the long term by investing in a diverse global portfolio. It includes shares of companies from around the world, various government and corporate bonds, interest-bearing and money market securities, and commodities. Additionally, the fund can allocate up to 100% of its investments to other investment funds and may include infrastructure securities, real estate investment trusts (REITs), and other specialized assets. As 2050 approaches, the fund’s investments become more conservative to help preserve capital.