PFG Fidelity Institutional AM® Core Plus Bond Strategy Class I Shares NMFQS:PFFBX

The fund, under normal circumstances, will invest at least 80% of its assets (defined as net assets plus the amount of any borrowing for investment purposes) in Fidelity® mutual funds and Fidelity exchange traded funds (“Fidelity underlying funds”). The balance of the fund’s net assets will be invested in Fidelity underlying funds or mutual funds or exchange traded funds (“ETFs”) managed by the advisers other than Fidelity (“Other underlying funds”), under normal market circumstances.