Fidelity Global Core Plus Bond Ser L Units 

The fund pursues a comprehensive investment strategy, diversifying across a wide array of fixed income securities with varied maturities. Its holdings include global investment-grade bonds, higher-yielding debt, and floating-rate instruments. Allocation to non-investment grade securities is limited to a maximum of 70% of the fund's assets. Investment decisions incorporate a top-down economic perspective combined with bottom-up security analysis, thoroughly assessing market dynamics. When acquiring or divesting securities, the fund evaluates characteristics such as a security's features, estimated long-term value, credit quality, fundamental strength, and potential short-term gains from market inefficiencies. Furthermore, foreign currency exposure is restricted to 20% of the fund.