# EDGAR Filing Document

**Accession Number:** 0000215829
**File Stem:** 0000215829-25-000045
**Filing Date:** 2025-12
**Character Count:** 4360
**Document Hash:** 7e780e183ec0c241804a53dfeec10619
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000215829-25-000045.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0000215829-25-000045

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**EFFECTIVENESS DATE**: 20251212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SCHOOL STREET TRUST
- **CENTRAL INDEX KEY:** 0000215829

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-57167
- **FILM NUMBER:** 251566810

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY SCHOOL STREET TRUST/
- **DATE OF NAME CHANGE:** 19940526

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY LIMITED TERM MUNICIPALS
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Fidelity Advisor Multi-Asset Income Fund (Series ID: S000050482)

---

|  |  |  |
|:---|:---|:---|
| Class Name                       | Ticker Symbol | Class ID   |
| Class A                          | FWATX         | C000159358 |
| Class M                          | FAZYX         | C000159359 |
| Class C                          | FWBTX         | C000159360 |
| Class I                          | FAYZX         | C000159361 |
| Fidelity Multi-Asset Income Fund | FMSDX         | C000199669 |
| Class Z                          | FIWBX         | C000205055 |

---

## Series and Classes Contracts Data

### Fidelity Advisor Multi-Asset Income Fund (Series ID: S000050482)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000159358 | Class A                          | FWATX           |
| C000159359 | Class M                          | FAZYX           |
| C000159360 | Class C                          | FWBTX           |
| C000159361 | Class I                          | FAYZX           |
| C000199669 | Fidelity Multi-Asset Income Fund | FMSDX           |
| C000205055 | Class Z                          | FIWBX           |

**Supplement to the Fidelity Advisor® Multi-Asset Income Fund March 1, 2025 Prospectus**

*It is expected that Mr. O'Neil will transition off the fund effective on or about September 30, 2026. Rick Gandhi will become a Co-Portfolio Manager for the fund effective January 1, 2026.*

Effective January 1, 2026, the following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Rick Gandhi (Co-Portfolio Manager) has managed the fund since 2026.

Effective January 1, 2026, the following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Rick Gandhi is Co-Portfolio Manager of Fidelity Advisor® Multi-Asset Income Fund, which he has managed since 2026. He also manages other funds. Since joining Fidelity Investments in 2009, Mr. Gandhi has worked as a research analyst and portfolio manager.

MAI-PSTK-1225-100 1.9921954.100 December 12, 2025

**Supplement to the Fidelity Advisor® Multi-Asset Income Fund Class A, Class M, Class C, Class I, and Class Z March 1, 2025 Prospectus**

*It is expected that Mr. O'Neil will transition off the fund effective on or about September 30, 2026. Rick Gandhi will become a Co-Portfolio Manager for the fund effective January 1, 2026.*

Effective January 1, 2026, the following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Rick Gandhi (Co-Portfolio Manager) has managed the fund since 2026.

Effective January 1, 2026, the following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Rick Gandhi is Co-Portfolio Manager of Fidelity Advisor® Multi-Asset Income Fund, which he has managed since 2026. He also manages other funds. Since joining Fidelity Investments in 2009, Mr. Gandhi has worked as a research analyst and portfolio manager.

AMAI-PSTK-1225-112 1.9881423.112 December 12, 2025