F IDEL ITY ’S MONTHLY FUND UPDATE FOR ADVISORS | JUNE 2020FOORR ADVIISSOORRSS || JJUUNEE 2200220
FOR ADVISOR USE ONLY
EQUITY FUNDS
CanadianFidelity Canadian Disciplined Equity® Fund 1
Fidelity Canadian Growth Company Fund 2
Fidelity Canadian Large Cap Fund 3
Fidelity Canadian Opportunities Fund 4
Fidelity Dividend Fund 5
Fidelity Dividend Plus Fund 6
Fidelity Greater Canada Fund 7
Fidelity Special Situations Fund 8
Fidelity True North® Fund 9
U.S.Fidelity American Disciplined Equity® Fund 10
Fidelity American Equity Fund 11
Fidelity Event Driven Opportunities Fund 12
Fidelity Small Cap America Fund 13
Fidelity U.S. All Cap Fund 14
Fidelity U.S. Dividend Fund 15
Fidelity U.S. Dividend Registered Fund 16
Fidelity U.S. Focused Stock Fund 17
Fidelity U.S. Growth Opportunities Class 18
Fidelity Women’s Leadership Fund 19
North American Fidelity CanAm Opportunities Class 20
Fidelity North American Equity Class 21
Global and InternationalFidelity AsiaStar® Fund 22
Fidelity China Fund 23
Fidelity Emerging Markets Fund 24
Fidelity Europe Fund 25
Fidelity Far East Fund 26
Fidelity Founders™ Class 27
Fidelity Frontier Emerging Markets Fund 28
Fidelity Global Fund 29
Fidelity Global Concentrated Equity Fund 30
Fidelity Global Disciplined Equity® Fund 31
Fidelity Global Dividend Fund 32
Fidelity Global Growth and Value Class 33
Fidelity Global Innovators® Class 34
Fidelity Global Intrinsic Value Class 35
Fidelity Global Large Cap Fund 36
Fidelity Global Small Cap Fund 37
Fidelity Insights Class 38
Fidelity International Concentrated Equity Fund 39
Fidelity International Disciplined Equity® Fund 40
Fidelity International Growth Fund 41
Fidelity Japan Fund 42
Fidelity NorthStar® Fund 43
EQUITY SECTOR FUNDS
GlobalFidelity Global Consumer Industries Fund 44
Fidelity Global Financial Services Fund 45
Fidelity Global Health Care Fund 46
Fidelity Global Natural Resources Fund 47
Fidelity Global Real Estate Fund 48
Fidelity Technology Innovators Fund 49
Fidelity Global Telecommunications Fund 50
ASSET ALLOCATION AND BALANCED FUNDS
CanadianFidelity Canadian Asset Allocation Fund 51
Fidelity Canadian Balanced Fund 52
Fidelity Income Allocation Fund 53
Fidelity Monthly Income Fund 54
U.S.Fidelity American Balanced Fund 55
Fidelity U.S. Monthly Income Fund 56
GlobalFidelity Conservative Income Fund 57
Fidelity Global Asset Allocation Fund 58
Fidelity Global Monthly Income Fund 59
Fidelity NorthStar® Balanced Fund 60
Fidelity Tactical High Income Fund 61
Fidelity Tactical Strategies Fund 62
FIXED-INCOME FUNDS
CanadianFidelity Canadian Bond Fund 63
Fidelity Canadian Short Term Bond Fund 64
Fidelity Corporate Bond Fund 65
Fidelity Tactical Fixed Income Fund 66
Fidelity Canadian Money Market Fund 67
U.S.Fidelity U.S. Money Market Fund 67
Fidelity American High Yield Fund 68
Fidelity Floating Rate High Income Fund 69
GlobalFidelity Global Bond Fund 70
Fidelity Investment Grade Total Bond Fund 71
Fidelity Multi-Sector Bond Fund 72
Fidelity Strategic Income Fund 73
Data within this document are as at the date indicated at the top right corner of each fund page, unless noted otherwise.
For advisor use only.MarketPulse
Table of contents
For advisor use only. MarketPulse
FIDELITY MANAGED PORTFOLIOS
Fidelity Income Portfolio 74
Fidelity Global Income Portfolio 75
Fidelity Balanced Portfolio 76
Fidelity Global Balanced Portfolio 77
Fidelity Growth Portfolio 78
Fidelity Global Growth Portfolio 79
Fidelity Balanced Managed Risk Portfolio 80
Fidelity Conservative Managed Risk Portfolio 81
LIFECYCLE FUNDS
Fidelity ClearPath® Income Portfolio 82
Fidelity ClearPath® 2005 Portfolio 83
Fidelity ClearPath® 2010 Portfolio 84
Fidelity ClearPath® 2015 Portfolio 85
Fidelity ClearPath® 2020 Portfolio 86
Fidelity ClearPath® 2025 Portfolio 87
Fidelity ClearPath® 2030 Portfolio 88
Fidelity ClearPath® 2035 Portfolio 89
Fidelity ClearPath® 2040 Portfolio 90
Fidelity ClearPath® 2045 Portfolio 91
Fidelity ClearPath® 2050 Portfolio 92
Fidelity ClearPath® 2055 Portfolio 93
Fidelity ClearPath® 2060 Portfolio 94
FIDELITY PRIVATE INVESTMENT POOLS
Fidelity Canadian Equity Private Pool 95
Fidelity Concentrated Canadian Equity Private Pool 96
Fidelity Concentrated Value Private Pool 97
Fidelity U.S. Dividend Private Pool 98
Fidelity U.S. Equity Private Pool 99
Fidelity International Equity Private Pool 100
Fidelity Global Equity Private Pool 101
Fidelity Premium Fixed Income Private Pool 102
Fidelity Premium Tactical Fixed Income Private Pool 103
Fidelity Premium Money Market Private Pool 104
Fidelity Asset Allocation Private Pool 105
Fidelity Balanced Private Pool 106
Fidelity Balanced Income Private Pool 107
Fidelity Conservative Income Private Pool 108
Fidelity Global Asset Allocation Private Pool 109
Fidelity U.S. Growth and Income Private Pool 110
SOLUTIONS
Fidelity currency neutral solutions 111
Fidelity systematic currency hedged solutions 113
FIDELITY FUND FACTS
Fund facts at-a-glance 115
The Fidelity sales team 129
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).1 ■ MarketPulse
Fidelity Canadian Disciplined Equity® Fund, Series FSector neutral. Actively managed. Fidelity Canadian Disciplined Equity® Fund combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK1
1 month 11.37 1 10.79
3 month -10.89 1 -13.86
6 month -5.19 1 -8.80
1 year -2.33 1 -7.91
3 year 3.46 1 1.34
5 year 3.80 1 2.49
10 year 6.48 1 5.00
Since inception 6.97 — 5.37
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
$50,000
OCT-00 APR-20
FUNDBENCHMARK
$37,347
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-8.5
5
-12.
36
24.5
1
22.8
8
-6.1
1
-8.8
9
6.02
9.10
14.2
6
21.0
8
-2.2
5
-8.3
2
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation4 14.48 15.56
Beta 0.92 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Royal Bank of Canada – Financials
Toronto-Dominion Bank – Financials
Canadian Pacific Railway – Industrials
Barrick Gold – Materials
TC Energy – Energy
Brookfield Asset Management – Financials
Fortis – Utilities
Alimentation Couche-Tard – Consumer Staples
Sun Life Financial – Financials
Suncor Energy – Energy
Total holdings 67
Top 10 holdings aggregate 42.8%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 89.6 88.3
Foreign Equities 9.3 7.3
Cash & Other 1.1 4.4
EQUITY SECTOR MIX3 (%)
Financials 29.3 29.6
Materials 14.6 9.8
Energy 13.4 17.9
Industrials 11.5 11.0
Information Technology 7.3 5.6
Consumer Discretionary 5.9 3.8
Consumer Staples 4.7 5.4
Utilities 4.6 2.3
Communication Services 3.6 6.1
Real Estate 2.7 4.1
1 Prior to April 30, 2002, the Fund’s benchmark was a blend of the TSE 300 Index and the TSE 300 Capped Index. Prior to May 1, 2000, the benchmark was the TSE 300 Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 The Fund aims to invest in sectors in approximately the same proportions as those sectors are represented in the S&P/TSX Capped Composite Index, with the exception of the real estate sector which the portfolio manager will consider as an industry group within the financials sector. ■ 4 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerAndrew Marchese
Series inception dateOctober 10, 2000
Fund benchmark1
S&P/TSX Capped Composite Index
NAVPU - Series F$46.39
Fund aggregate assets (all series)$3.050 billion
Management expense ratio –Series F1.11%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 524
LL 824
LL2 024
Series B: ISC 224
Series F: NL 624
Series T8 (T-SWP): DSC 508
LL 808
LL2 308
Series S8 (T-SWP): ISC 208
Series F8 (T-SWP): NL 1843
Series T5 (T-SWP): DSC 1518
LL 1818
LL2 1318
Series S5 (T-SWP): ISC 1218
Series F5 (T-SWP): NL 1839
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 2
Fidelity Canadian Growth Company Fund, Series F
Diversified exposure to Canada’s world-class growth opportunities Fidelity Canadian Growth Company Fund aims to deliver superior long-term growth potential by focusing on the best growth opportunities in Canada and abroad.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 16.62 1 11.03
3 month -3.07 1 -11.06
6 month 3.73 1 -5.48
1 year 2.54 1 -4.13
3 year 9.00 1 3.89
5 year 10.28 1 5.46
10 year 14.37 1 8.10
Since inception 9.32 — 6.00
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
$75,000
OCT-00 APR-20
FUNDBENCHMARK
$57,450
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-0.2
8
-9.4
7
29.3
9
23.5
9
-7.9
6
-5.1
7
16.9
5
10.6
6
15.1
0
17.3
4
12.3
1
-0.2
0
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 20.72 14.48
Beta 1.24 —
R2 0.76 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Shopify – Information Technology
Roku – Consumer Discretionary
Manulife – Financials
Slack Technologies – Information Technology
Bausch Health – Health Care
Canadian Pacific Railway – Industrials
Toronto-Dominion Bank – Financials
Suncor Energy – Energy
Roche Holding – Health Care
Thomson Reuters – Industrials
Total holdings 83
Top 10 holdings aggregate 45.9%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 51.0 49.0
Foreign Equities 47.4 48.5
Other Investments 1.0 0.7
Cash & Other 0.6 1.9
EQUITY SECTOR MIX (%)
Information Technology 31.5 31.7
Materials 12.8 7.6
Consumer Discretionary 12.3 23.0
Health Care 10.1 5.6
Industrials 9.4 5.5
Consumer Staples 7.5 3.5
Energy 7.1 8.9
Communication Services 4.6 5.2
Utilities 2.3 0.0
Financials 1.7 7.0
1 Prior to October 1, 2008, the Fund’s benchmark was the S&P/TSX Completion Index. Prior to March 16, 2007, the benchmark was a blend of the S&P/TSX Small Cap Index and S&P/TSX Mid Cap Combined Index. Prior to May 1, 2002, the benchmark was a blend of the TSE Small Cap Index and the TSE Mid Cap Index. Prior to May 1, 2000, the benchmark was the TSE 200 Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerMark Schmehl
Series inception dateOctober 10, 2000
Fund benchmark1
70% S&P/TSX Capped Composite Index and 30% S&P 500 Index
NAVPU - Series F$69.28
Fund aggregate assets (all series)$6.250 billion
Management expense ratio –Series F1.11%, as at December 31, 2019
Also offered throughCorporate Class
Morningstar fund categoryCanadian Focused Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 565
LL 865
LL2 065
Series B: ISC 265
Series F: NL 665
Series F8 (T-SWP): NL 5228
Series F5 (T-SWP): NL 5227
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).3 ■ MarketPulse
Fidelity Canadian Large Cap Fund, Series F
Diversified coverage of Canada's core opportunities Fidelity Canadian Large Cap Fund seeks to deliver superior long-term growth by investing primarily in equity securities of Canadian and international mid and large capitalization companies.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 10.31 2 9.85
3 month -4.32 1 -10.37
6 month 0.05 1 -4.95
1 year 2.81 1 -3.72
3 year 2.36 2 4.50
5 year 4.64 1 6.02
10 year 10.66 1 8.33
Since inception 8.88 — 7.05
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
$75,000
OCT-00 APR-20
FUNDBENCHMARK
$52,546
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-2.1
3
-8.5
8
10.9
3
22.9
2
1.00
-4.2
2
1.08
11.1
5
11.4
6
17.5
2
4.84
0.21
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 9.84 13.72
Beta 0.60 —
R2 0.70 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Suncor Energy – Energy
BCE – Communication Services
Imperial Brands – Consumer Staples
Toronto-Dominion Bank – Financials
Bank of Nova Scotia – Financials
Royal Bank of Canada – Financials
Canadian Natural Resources – Energy
Metro – Consumer Staples
TMX Group – Financials
Loblaw – Consumer Staples
Total holdings 56
Top 10 holdings aggregate 54.6%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 74.8 49.9
Foreign Equities 16.7 19.5
Foreign Bonds 0.0 6.5
Cash & Other 8.5 24.1
EQUITY SECTOR MIX (%)
Energy 31.1 0.0
Financials 20.4 11.2
Consumer Staples 14.5 14.3
Communication Services 11.1 14.2
Industrials 4.9 5.4
Information Technology 3.8 9.5
Health Care 2.1 1.0
Consumer Discretionary 1.7 1.0
1 Prior to February 1, 2009, the Fund’s benchmark was the S&P/TSX 60 Capped Index. Prior to September 30, 2004, the benchmark was a blend of the S&P/TSX Composite Index and the S&P/TSX Capped Composite Index. Prior to May 1, 2002, the benchmark was a blend of the TSE 300 Index and the TSE 300 Capped Index. Prior to May 1, 2000, the benchmark was the TSE 300 Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerDaniel Dupont
Series inception dateOctober 10, 2000
Fund benchmark1
70% S&P/TSX 60 Capped Index and 30% S&P 500 Index
NAVPU - Series F$44.33
Fund aggregate assets (all series)$4.027 billion
Management expense ratio –Series F1.16%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Focused Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 531
LL 831
LL2 031
Series B: ISC 231
Series F: NL 631
Series T8 (T-SWP): DSC 1654
LL 1656
LL2 1659
Series S8 (T-SWP): ISC 1661
Series F8 (T-SWP): NL 1666
Series T5 (T-SWP): DSC 1539
LL 1578
LL2 1653
Series S5 (T-SWP): ISC 1660
Series F5 (T-SWP): NL 1662
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 4
Fidelity Canadian Opportunities Fund, Series F
Securing dynamic investment opportunities in Canada Fidelity Canadian Opportunities Fund pursues superior long-term returns by focusing on the dynamic growth potential of the small- and mid-capitalization market.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 14.20 1 17.96
3 month -3.92 1 -17.63
6 month 1.60 1 -11.81
1 year 6.03 1 -10.36
3 year 6.54 1 -1.59
5 year 6.67 1 -0.04
10 year 8.37 1 3.93
Since inception 9.09 — 4.59
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
$75,000
OCT-00 APR-20
FUNDBENCHMARK
$54,845
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-2.5
9
-17.
07
23.2
0
26.1
2
0.17
-12.
85
4.05
7.04
26.0
7
20.5
0
-7.8
2
-10.
01
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 13.16 21.01
Beta 0.59 —
R2 0.90 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Brookfield Renewable Partners – Utilities
Quebecor – Communication Services
Alimentation Couche-Tard – Consumer Staples
Dollarama – Consumer Discretionary
Restaurant Brands International – Consumer Discretionary
Hydro One – Utilities
Intact Financial – Financials
CGI – Information Technology
Constellation Software – Information Technology
Parkland Fuel – Energy
Total holdings 89
Top 10 holdings aggregate 43.2%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 85.7 65.9
Foreign Equities 8.7 9.3
Other Investments 1.5 1.8
Cash & Other 4.1 23.0
EQUITY SECTOR MIX (%)
Consumer Discretionary 20.0 12.5
Consumer Staples 14.4 14.0
Utilities 12.7 6.4
Financials 11.0 11.4
Information Technology 10.6 9.1
Industrials 7.1 1.9
Communication Services 5.8 8.0
Materials 5.7 5.0
Energy 5.1 4.8
Real Estate 2.1 2.0
1 Prior to March 16, 2007, the Fund’s benchmark was a blend of the S&P/TSX Small Cap and S&P/TSX Mid Cap Combined Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerHugo Lavallée
Series inception dateOctober 10, 2000
Fund benchmark1
S&P/TSX Completion Index
NAVPU - Series F$24.86
Fund aggregate assets (all series)$1.232 billion
Management expense ratio –Series F1.12%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 515
LL 815
LL2 095
Series B: ISC 215
Series F: NL 615
Series T8 (T-SWP): DSC 1679
LL 1680
LL2 1681
Series S8 (T-SWP): ISC 1683
Series F8 (T-SWP): NL 1685
Series T5 (T-SWP): DSC 1674
LL 1677
LL2 1678
Series S5 (T-SWP): ISC 1682
Series F5 (T-SWP): NL 1684
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).5 ■ MarketPulse
Fidelity Dividend Fund, Series F
Focus on dividends Fidelity Dividend Fund aims to provide growth and income through exposure to Canadian opportunities in dividend-paying equities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 5.56 3 5.49
3 month -6.56 1 -20.57
6 month -3.37 1 -17.83
1 year -0.14 1 -16.50
3 year 2.86 1 -1.38
5 year 4.56 1 2.02
10 year 6.71 1 5.26
Since inception 7.97 — 6.24
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
MAY-05 APR-20
FUNDBENCHMARK
$31,472
Calendar year performanceCalendar year performance
-30%
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-4.6
4
-20.
50
15.0
9
22.1
4
-1.9
3
-7.8
8
3.11
9.09
12.4
9
28.9
9
2.64
-9.6
4
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 8.18 15.67
Beta 0.49 —
R2 0.87 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Toronto-Dominion Bank – Financials
Brookfield Asset Management – Financials
Bank of Nova Scotia – Financials
Enbridge – Energy
Fortis – Utilities
TC Energy – Energy
Suncor Energy – Energy
BCE – Communication Services
Royal Bank of Canada – Financials
Canadian Natural Resources – Energy
Total holdings 610
Top 10 holdings aggregate 41.1%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 74.0 57.7
Foreign Equities 12.0 10.0
Canadian Bonds 3.6 5.4
Foreign Bonds 0.3 4.5
Cash & Other 10.1 22.4
EQUITY SECTOR MIX4 (%)
Financials 26.5 20.5
Energy 15.1 12.9
Utilities 11.4 9.6
Materials 6.2 3.5
Communication Services 6.0 5.0
Real Estate 5.3 5.6
Industrials 3.6 2.4
Information Technology 3.3 2.3
Consumer Staples 3.1 3.6
Consumer Discretionary 3.1 0.0
1 The blended index is 75% MSCI Canada Value Capped Index, 15% blend of four S&P/TSX industry groups: Telecommunication Services, Utilities, Oil & Gas Storage & Transportation, and REITs (market capitalization weighted), 5% FTSE Canada Universe Bond Index and 5% S&P U.S. REIT Composite Index. Prior to October 1, 2014 the Fund’s benchmark was a blend of 70% MSCI Canada Value Capped Index, 15% blend of four S&P/TSX industry groups: Telecommunication Services, Utilities, Oil & Gas Storage & Transportation, and REITs (market capitalization weighted), 10% FTSE Canada Universe Bond Index and 5% S&P U.S. REIT Composite Index. Prior to August 1, 2010 the Fund’s benchmark was a blend of 70% MSCI Canada Value Index, 20% S&P/TSX Capped Income Trust Index, and 10% FTSE Canada Universe Bond Index. Prior to July 1, 2006, the bond portion of the blended index was the RBC CM Canadian Bond Market Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Percentage of total assets in equity sector.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersDon Newman (equities)Catriona Martin (fixed-income)Sri Tella (fixed-income)
Series inception dateMay 25, 2005
Fund benchmarkBlended index1
NAVPU - Series F$17.28
Fund aggregate assets (all series)$1.333 billion
Management expense ratio –Series F0.95%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Dividend & Income Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 521
LL 341
LL2 021
Series B: ISC 221
Series F: NL 611
Series T8 (T-SWP): DSC 511
LL 335
LL2 073
Series S8 (T-SWP): ISC 235
Series F8 (T-SWP): NL 1761
Series T5 (T-SWP): DSC 1535
LL 1835
LL2 1335
Series S5 (T-SWP): ISC 1235
Series F5 (T-SWP): NL 1760
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 6
Fidelity Dividend Plus Fund1, Series F
Focus on dividends Fidelity Dividend Plus Fund aims to provide a high total investment return and competitive market yield by investing in dividend-paying equities, including REITs.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 5.20 3 4.90
3 month -7.13 1 -16.26
6 month -2.93 1 -10.73
1 year 1.00 1 -5.58
3 year 3.10 1 1.62
5 year 4.62 1 4.11
10 year 7.38 1 9.05
Since inception 9.83 — 8.77
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$15,000
$30,000
$45,000
$60,000
MAY-05 APR-20
FUNDBENCHMARK
$40,578
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-3.9
6
-12.
56
15.3
5
24.3
9
-0.2
7
-3.7
3
2.58
5.62
9.85
18.0
7
3.49
-4.0
8
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 8.56 13.84
Beta 0.60 —
R2 0.95 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
BCE – Communication Services
Fortis – Utilities
TC Energy – Energy
Enbridge – Energy
Telus – Communication Services
Rogers Communications – Communication Services
Emera – Utilities
Brookfield Infrastructure Partners – Utilities
Canadian Apartment Properties REIT – Real Estate
Prologis REIT – Real Estate
Total holdings 109
Top 10 holdings aggregate 39.8%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 67.5 55.4
Foreign Equities 21.6 15.2
Foreign Bonds 0.0 4.8
Canadian Bonds 0.0 1.5
Cash & Other 10.9 23.1
EQUITY SECTOR MIX (%)
Utilities 21.2 12.9
Real Estate 19.5 16.0
Communication Services 14.5 12.7
Energy 12.6 15.0
Financials 4.0 3.3
Information Technology 3.4 2.5
Materials 3.3 0.0
Industrials 3.2 2.0
Consumer Staples 3.0 3.4
Health Care 2.4 1.9
1 In July 2010 ("July"), Fidelity Income Trust Fund's investment objective changed to permit the Fund to invest primarily in equity securities of Canadian companies that pay or are expected to pay dividends and other securities that are expected to distribute income. The Fund was previously required to invest primarily in income trusts and other securities that are expected to distribute income. If the change had been in effect prior to July, the Fund's performance could have been materially different. In July, Fidelity Income Trust Fund was renamed Fidelity Dividend Plus Fund. ■ 2 The blended index is an 80% blend of four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)), and 20% S&P U.S. REIT Composite Index. Prior to August 1, 2010, the Fund’s benchmark was the S&P/TSX Capped Income Trust Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerDon Newman
Series inception dateMay 25, 2005
Fund benchmarkBlended index2
NAVPU - Series F$17.90
Fund aggregate assets (all series)$2.132 billion
Management expense ratio –Series F0.94%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Focused Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 523
LL 832
LL2 032
Series B: ISC 223
Series F: NL 632
Series T8 (T-SWP): DSC 791
LL 793
LL2 794
Series S8 (T-SWP): ISC 790
Series F8 (T-SWP): NL 1759
Series T5 (T-SWP): DSC 786
LL 787
LL2 788
Series S5 (T-SWP): ISC 785
Series F5 (T-SWP): NL 1756
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).7 ■ MarketPulse
Fidelity Greater Canada Fund, Series F
A focus on Canadian and global mid- and large-cap equities Fidelity Greater Canada Fund aims to provide investors exposure to Canadian equities and the freedom to pursue the best investment opportunities globally through active stock selection.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 14.51 3 11.03
3 month 0.37 1 -11.06
6 month 6.62 1 -5.48
1 year 10.62 1 -4.13
3 year 8.21 1 3.89
5 year 8.43 1 5.46
10 year 9.63 1 8.10
Since inception 7.56 — 5.86
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
JAN-08 APR-20
FUNDBENCHMARK
$24,539
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
2.27
-9.4
7
22.3
6
23.5
9
1.45
-5.1
7
3.63
10.6
6
20.1
6
17.3
4
1.66
-0.2
0
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 12.41 14.48
Beta 0.75 —
R2 0.77 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Darling Ingredients – Consumer Staples
Papa John's – Consumer Discretionary
Brookfield Renewable Partners – Utilities
Chipotle Mexican Grill – Consumer Discretionary
Alimentation Couche-Tard – Consumer Staples
Restaurant Brands International – Consumer Discretionary
Dollarama – Consumer Discretionary
Axway – Information Technology
Five Below – Consumer Discretionary
Frontdoor – Consumer Discretionary
Total holdings 87
Top 10 holdings aggregate 46.0%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 48.4 53.2
Foreign Equities 43.2 24.0
Other Investments 0.9 0.9
Cash & Other 7.5 21.9
EQUITY SECTOR MIX (%)
Consumer Discretionary 31.7 18.6
Consumer Staples 17.1 15.3
Information Technology 12.2 11.0
Industrials 7.8 1.9
Utilities 6.4 4.6
Financials 6.3 6.0
Communication Services 3.4 10.2
Energy 2.6 2.4
Real Estate 2.4 2.0
Materials 1.8 5.0
1 Prior to December 1, 2008, the Fund’s benchmark was 70% S&P/TSX Capped Composite Index and 30% MSCI World Index (CDN$). ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerHugo Lavallée
Series inception dateJanuary 7, 2008
Fund benchmark1
70% S&P/TSX Capped Composite Index and 30% S&P 500 Index
NAVPU - Series F$15.17
Fund aggregate assets (all series)$327.1 million
Management expense ratio –Series F1.17%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Focused Small/Mid Cap Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1546
LL 1846
LL2 1046
Series B: ISC 1246
Series F: NL 1646
Series T8 (T-SWP): DSC 1556
LL 1856
LL2 1056
Series S8 (T-SWP): ISC 1256
Series F8 (T-SWP): NL 1766
Series T5 (T-SWP): DSC 1566
LL 1866
LL2 1066
Series S5 (T-SWP): ISC 1266
Series F5 (T-SWP): NL 1764U.S. DOLLAR
Series A: DSC 1547
LL 1847
LL2 1047
Series B: ISC 1247
Series F: NL 1647
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 8
Fidelity Special Situations Fund, Series F
A focus on Canadian and U.S. small- and mid-cap equities Fidelity Special Situations Fund aims to provide superior long-term returns by investing primarily in Canadian and U.S. small- and mid-cap equities. The Fund has the freedom to invest in any stock, including foreign equities where opportunities warrant.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 16.90 1 16.56
3 month -3.58 1 -16.35
6 month 3.67 1 -10.99
1 year 2.06 1 -10.38
3 year 8.28 1 -0.48
5 year 10.75 1 2.06
10 year 13.04 1 6.48
Since inception 13.84 — 4.26
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$15,000
$30,000
$45,000
$60,000
$75,000
APR-07 APR-20
FUNDBENCHMARK
$54,248
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
40%
YTD20192018201720162015
-1.3
9
-15.
99
31.4
3
24.7
9
-12.
39
-9.7
2
21.1
2
7.83
18.3
3
18.7
7
10.4
9
-2.6
7
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 21.78 19.88
Beta 0.93 —
R2 0.72 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Shopify – Information Technology
Slack Technologies – Information Technology
Bausch Health – Health Care
Canadian Pacific Railway – Industrials
Roku – Communication Services
Thomson Reuters – Industrials
Brookfield Renewable Partners – Utilities
Agnico Eagle Mines – Materials
Zoom Video Communications – Information Technology
Amazon.com – Consumer Discretionary
Total holdings 111
Top 10 holdings aggregate 41.8%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 53.9 47.9
Foreign Equities 43.4 50.2
Convertibles 2.1 1.2
Other Investments 0.6 0.8
EQUITY SECTOR MIX (%)
Information Technology 27.5 32.2
Materials 15.7 7.8
Consumer Discretionary 13.0 28.8
Industrials 11.5 6.2
Health Care 10.9 9.6
Financials 4.9 7.4
Communication Services 4.5 0.0
Consumer Staples 4.4 2.4
Energy 3.7 3.0
Utilities 3.3 0.0
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerMark Schmehl
Series inception dateApril 18, 2007
Fund benchmark70% S&P/TSX Completion Index and 30% Russell 2500 Index
NAVPU - Series F$29.21
Fund aggregate assets (all series)$2.186 billion
Management expense ratio –Series F1.11%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Focused Small/Mid Cap Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1598
LL 1898
LL2 1098
Series B: ISC 1298
Series F: NL 1698
Series T8 (T-SWP): DSC 1723
LL 1724
LL2 1725
Series S8 (T-SWP): ISC 1727
Series F8 (T-SWP): NL 1729
Series T5 (T-SWP): DSC 1720
LL 1721
LL2 1722
Series S5 (T-SWP): ISC 1726
Series F5 (T-SWP): NL 1728U.S. DOLLAR
Series A: DSC 1599
LL 1899
LL2 1099
Series B: ISC 1299
Series F: NL 1699
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).9 ■ MarketPulse
Fidelity True North® Fund, Series F
A core fund tapping into the vast potential of Canadian equity markets Fidelity True North® Fund delivers superior long-term growth potential through its freedom to pursue opportunities throughout the Canadian market.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 9.34 2 10.79
3 month -8.47 1 -13.86
6 month -3.24 1 -8.80
1 year -0.63 1 -7.91
3 year 3.24 1 1.34
5 year 3.82 1 2.49
10 year 7.08 1 5.00
Since inception 6.84 — 5.37
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
$50,000
OCT-00 APR-20
FUNDBENCHMARK
$36,526
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-6.1
0
-12.
36
18.5
7
22.8
8
-3.9
5
-8.8
9
6.07
9.10
11.2
4
21.0
8
-0.7
4
-8.3
2
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 11.70 15.56
Beta 0.73 —
R2 0.94 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Royal Bank of Canada – Financials
Toronto-Dominion Bank – Financials
Canadian National Railway – Industrials
Metro – Consumer Staples
BCE – Communication Services
Alimentation Couche-Tard – Consumer Staples
TC Energy – Energy
Constellation Software – Information Technology
Barrick Gold – Materials
Suncor Energy – Energy
Total holdings 101
Top 10 holdings aggregate 40.4%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 89.5 84.7
Foreign Equities 9.6 8.0
Other Investments 0.1 0.3
Cash & Other 0.8 7.1
EQUITY SECTOR MIX4 (%)
Financials 21.7 18.6
Energy 11.4 10.6
Information Technology 11.3 10.7
Industrials 10.3 11.2
Materials 10.3 6.3
Consumer Staples 10.0 13.3
Consumer Discretionary 6.5 4.9
Utilities 6.2 3.6
Communication Services 6.1 9.7
Health Care 3.9 2.1
1 Prior to May 1, 2002, the benchmark was a blend of the TSE 300 Index and the TSE 300 Capped Index. Prior to May 1, 2000, the Fund’s benchmark was the TSE 300 Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Contains foreign equities as a percentage of total portfolio.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerMaxime Lemieux
Series inception dateOctober 10, 2000
Fund benchmark1
S&P/TSX Capped Composite Index
NAVPU - Series F$46.34
Fund aggregate assets (all series)$4.095 billion
Management expense ratio –Series F1.11%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 525
LL 825
LL2 036
Series B: ISC 225
Series F: NL 625
Series T8 (T-SWP): DSC 503
LL 803
LL2 003
Series S8 (T-SWP): ISC 203
Series F8 (T-SWP): NL 1775
Series T5 (T-SWP): DSC 1513
LL 1813
LL2 1313
Series S5 (T-SWP): ISC 1213
Series F5 (T-SWP): NL 1774
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 10
Fidelity American Disciplined Equity® Fund, Series FSector neutral. Actively managed. Fidelity American Disciplined Equity® Fund combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 12.24 1 10.09
3 month -4.14 1 -4.70
6 month 3.91 1 2.34
1 year 6.08 1 4.14
3 year 8.48 2 9.62
5 year 9.33 2 12.15
10 year 12.82 2 15.28
Since inception 7.07 — 8.15
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$10,000
$20,000
$30,000
$40,000
$50,000
JUL.-02 APR-20
FUNDBENCHMARK
$33,782
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-1.8
1
-2.8
4
26.9
6
24.8
4
-0.9
8
4.23
12.8
2
13.8
3
1.03
8.09
19.2
7
21.5
9
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 14.24 13.76
Beta 1.03 —
R2 0.98 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Apple – Information Technology
Alphabet – Communication Services
Johnson & Johnson – Health Care
Facebook – Communication Services
Visa – Information Technology
UnitedHealth Group – Health Care
Salesforce.com – Information Technology
J. P. Morgan Chase – Financials
Total holdings 107
Top 10 holdings aggregate 31.3%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 98.4 97.3
Cash & Other 1.6 2.7
EQUITY SECTOR MIX (%)
Information Technology 25.5 21.3
Health Care 15.2 13.1
Communication Services 10.7 10.2
Financials 10.6 12.8
Consumer Discretionary 10.3 10.1
Industrials 8.0 9.4
Consumer Staples 7.2 7.0
Utilities 3.1 3.1
Real Estate 2.7 2.8
Energy 2.5 5.0
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerChandler Willett
Series inception dateJuly 9, 2002
Fund benchmarkS&P 500 Index
NAVPU - Series F$25.41
Fund aggregate assets (all series)$754.0 million
Management expense ratio –Series F1.13%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 583
LL 383
LL2 083
Series B: ISC 283
Series F: NL 683
Series T8 (T-SWP): DSC 506
LL 806
LL2 006
Series S8 (T-SWP): ISC 206
Series F8 (T-SWP): NL 1779
Series T5 (T-SWP): DSC 1516
LL 1816
LL2 1316
Series S5 (T-SWP): ISC 1216
Series F5 (T-SWP): NL 1778U.S. DOLLAR
Series A: DSC 437
LL 847
LL2 047
Series B: ISC 737
Series F: NL 637
Series F8 (T-SWP): NL 1963
Series F5 (T-SWP): NL 1962
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).11 ■ MarketPulse
Fidelity American Equity Fund, Series F
Fidelity American Equity Fund uses a fundamental investment approach that aims to invest primarily in U.S. equity securities that are attractively valued.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 4.15 4 10.09
3 month -8.48 3 -4.70
6 month -2.26 3 2.34
1 year 1.24 2 4.14
3 year 6.68 2 9.62
5 year 7.88 3 12.15
10 year 12.14 2 15.02
Since inception 6.58 — 8.86
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
OCT-02 APR-20
FUNDBENCHMARK
$30,502
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-4.5
5
-2.8
4
18.5
6
24.8
4
6.68
4.23
7.40
13.8
3
-3.6
7
8.09
27.1
8
21.5
9
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 10.51 13.76
Beta 0.67 —
R2 0.71 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
NextEra Energy – Utilities
CMS Energy – Utilities
Xcel Energy – Utilities
Microsoft – Information Technology
Cooper Companies – Health Care
Service Corporation International – Consumer Discretionary
Danaher – Health Care
Duke Energy – Utilities
Grand Canyon Education – Consumer Discretionary
Charles River Laboratories – Health Care
Total holdings 34
Top 10 holdings aggregate 55.2%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 85.0 85.2
Canadian Equities 1.2 0.0
Cash & Other 13.9 14.8
EQUITY SECTOR MIX (%)
Utilities 25.3 21.3
Health Care 18.2 14.4
Consumer Discretionary 9.0 14.0
Real Estate 6.9 8.8
Consumer Staples 6.5 4.0
Financials 6.4 8.5
Industrials 6.0 9.8
Information Technology 5.2 4.5
Materials 2.7 0.0
For the currency neutral version please refer to page 111.1 Prior to January 1, 2014, the Fund’s benchmark was the Russell 1000 Value Index. Prior to October 1, 2005, the Fund’s benchmark was the Russell 3000 Value Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerSteve MacMillan
Series inception dateOctober 31, 2002
Fund benchmark1
S&P 500 Index
NAVPU - Series F$25.72
Fund aggregate assets (all series)$1.013 billion
Management expense ratio –Series F1.13%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 564
LL 864
LL2 064
Series B: ISC 264
Series F: NL 638
Series T8 (T-SWP): DSC 2382
LL 2384
LL2 2386
Series S8 (T-SWP): ISC 2388
Series F8 (T-SWP): NL 2391
Series T5 (T-SWP): DSC 2381
LL 2383
LL2 2385
Series S5 (T-SWP): ISC 2387
Series F5 (T-SWP): NL 2389U.S. DOLLAR
Series A: DSC 459
LL 859
LL2 059
Series B: ISC 759
Series F: NL 659
Series T8 (T-SWP): DSC 2393
LL 2395
LL2 2397
Series S8 (T-SWP): ISC 2399
Series F8 (T-SWP): NL 2401
Series T5 (T-SWP): DSC 2392
LL 2394
LL2 2396
Series S5 (T-SWP): ISC 2398
Series F5 (T-SWP): NL 2400
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 12
Fidelity Event Driven Opportunities Fund1, Series F
Fidelity Event Driven Opportunities Fund is a unique equity investment opportunity. The Fund seeks to provide long-term capital growth by investing in companies involved in a corporate event. These events may include corporate reorganizations, changes in beneficial ownership, deletions from a market index or changes in a company's capital structure.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 7.86 4 10.51
3 month -18.53 3 -5.82
6 month -15.36 3 1.10
1 year -23.45 4 2.18
2 year -18.30 4 9.92
3 year -11.01 4 8.59
5 year -0.01 4 11.34
Since inception 2.17 — 12.42
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
$25,000
NOV-14 APR-20
FUNDBENCHMARK
$11,240
Calendar year performanceCalendar year performance
-30%
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-20.
67
-4.0
5
0.67
24.4
0
-12.
94
3.29
10.7
1
13.1
7
15.8
4
8.84
19.6
8
20.5
1
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 16.39 13.84
Beta 0.97 —
R2 0.73 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
SPDR Portfolio S&P 1500 Composite Stock Market ETF – Multi Sector
iShares Russell 3000 Index ETF – Multi Sector
Xero – Information Technology
Reysas Gayrimenkul Yatirim Ortakligi – Real Estate
AO World – Consumer Discretionary
Arcosa – Industrials
IAA – Industrials
Floor & Decor Holdings – Consumer Discretionary
B&M – Consumer Discretionary
Supermicro – Information Technology
Total holdings 64
Top 10 holdings aggregate 68.4%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 81.6 98.0
Cash & Other 18.4 2.0
EQUITY SECTOR MIX (%)
Health Care 24.1 13.7
Information Technology 15.5 25.9
Industrials 11.3 4.7
Consumer Discretionary 11.0 12.7
Consumer Staples 6.2 0.0
Real Estate 4.8 6.1
Utilities 3.2 0.0
Financials 3.1 5.7
Communication Services 2.0 5.5
For the currency neutral version please refer to page 111.1 As of March 30, 2020, the Fund will be closed to new investors. The Fund will remain available to existing investors including those with systematic purchase and exchange programs in connection with the Fund. This Fund does not engage in short selling. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerJoel Tillinghast as at April 1, 2020
Series inception dateNovember 20, 2014
Fund benchmarkRussell 3000 Index
NAVPU - Series F$9.06
Fund aggregate assets (all series)$38.7 million
Management expense ratio –Series F1.18%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Small/Mid Cap Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 2789
LL 2790
LL2 2791
Series B: ISC 2798
Series F: NL 2807
Series T8 (T-SWP): DSC 2795
LL 2796
LL2 2797
Series S8 (T-SWP): ISC 2800
Series F8 (T-SWP): NL 2809
Series T5 (T-SWP): DSC 2792
LL 2793
LL2 2794
Series S5 (T-SWP): ISC 2799
Series F5 (T-SWP): NL 2808U.S. DOLLAR
Series A: DSC 2817
LL 2818
LL2 2819
Series B: ISC 2834
Series F: NL 2837
Series T8 (T-SWP): DSC 2830
LL 2832
LL2 2833
Series S8 (T-SWP): ISC 2836
Series F8 (T-SWP): NL 2839
Series T5 (T-SWP): DSC 2820
LL 2828
LL2 2829
Series S5 (T-SWP): ISC 2835
Series F5 (T-SWP): NL 2838
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).13 ■ MarketPulse
Fidelity Small Cap America Fund, Series F
Compelling growth potential in an untapped market Fidelity Small Cap America Fund delivers superior long-term growth potential in the small- and mid-capitalization U.S. market.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 7.75 4 10.99
3 month -13.85 2 -14.38
6 month -11.90 2 -10.67
1 year -14.59 2 -13.67
3 year 2.02 2 -0.30
5 year 4.99 2 5.74
10 year 14.26 1 11.15
Since inception 8.77 — 6.27
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$15,000
$30,000
$45,000
$60,000
$75,000
OCT-00 APR-20
FUNDBENCHMARK
$49,424
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-13.
38
-15.
47
13.2
4
19.1
8
6.49
-3.0
0
7.54
7.12
-0.2
8
17.1
1
25.7
4
14.6
4
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 14.15 19.43
Beta 0.63 —
R2 0.75 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Grand Canyon Education – Consumer Discretionary
Cooper Companies – Health Care
Service Corporation International – Consumer Discretionary
CMS Energy – Utilities
Charles River Laboratories – Health Care
Frontdoor – Consumer Discretionary
Healthcare Services Group – Industrials
Armstrong World Industries – Industrials
Genpact – Information Technology
Atmos Energy – Utilities
Total holdings 45
Top 10 holdings aggregate 50.5%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 91.1 84.4
Canadian Equities 1.0 0.9
Cash & Other 7.9 14.7
EQUITY SECTOR MIX (%)
Consumer Discretionary 26.9 24.4
Information Technology 17.5 14.5
Industrials 14.3 12.8
Utilities 11.8 8.2
Health Care 11.5 9.3
Real Estate 5.9 8.8
Consumer Staples 2.1 4.8
Financials 1.9 0.0
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerSteve MacMillan
Series inception dateOctober 10, 2000
Fund benchmarkRussell 2000 Index
NAVPU - Series F$78.67
Fund aggregate assets (all series)$2.410 billion
Management expense ratio –Series F1.14%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Small/Mid Cap Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 561
LL 861
LL2 061
Series B: ISC 261
Series F: NL 661
Series T8 (T-SWP): DSC 1703
LL 1704
LL2 1705
Series S8 (T-SWP): ISC 1707
Series F8 (T-SWP): NL 1709
Series T5 (T-SWP): DSC 1700
LL 1701
LL2 1702
Series S5 (T-SWP): ISC 1706
Series F5 (T-SWP): NL 1708U.S. DOLLAR
Series A: DSC 462
LL 862
LL2 062
Series B: ISC 762
Series F: NL 662
Series T8 (T-SWP): DSC 1943
LL 1944
LL2 1945
Series S8 (T-SWP): ISC 1948
Series F8 (T-SWP): NL 1950
Series T5 (T-SWP): DSC 1939
LL 1941
LL2 1942
Series S5 (T-SWP): ISC 1947
Series F5 (T-SWP): NL 1949
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 14
Fidelity U.S. All Cap Fund, Series F
Seeking the best in U.S. equity opportunities Fidelity U.S. All Cap Fund aims to provide long-term capital appreciation by investing primarily in U.S. equities across any market cap or style classification.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 9.43 3 10.09
3 month -14.01 4 -4.70
6 month -10.90 4 2.34
1 year -10.17 4 4.14
2 year -0.63 4 11.37
3 year 1.51 4 9.62
5 year 5.64 4 12.15
Since inception 11.49 — 17.03
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$10,000
$20,000
$30,000
$40,000
JAN-13 APR-20
FUNDBENCHMARK
$22,007
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-14.
21
-2.8
4
18.1
2
24.8
4
-0.0
1
4.23
10.7
3
13.8
3
9.41
8.09
14.0
4
21.5
9
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 14.61 13.76
Beta 1.00 —
R2 0.88 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
General Electric – Industrials
Wells Fargo – Financials
Comcast – Communication Services
Bank of America – Financials
UnitedHealth Group – Health Care
Exxon Mobil – Energy
Walmart – Consumer Staples
Cisco Systems – Communication Services
Verizon Communications – Communication Services
Visa – Information Technology
Total holdings 150
Top 10 holdings aggregate 24.5%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 96.8 85.6
Canadian Equities 2.4 0.8
Other Investments 0.2 0.2
Cash & Other 0.6 13.4
EQUITY SECTOR MIX (%)
Financials 17.0 18.2
Health Care 16.1 9.7
Industrials 13.4 11.2
Information Technology 11.5 6.8
Consumer Discretionary 11.0 9.6
Energy 10.0 10.5
Communication Services 5.9 3.7
Consumer Staples 5.9 7.6
Materials 3.9 2.1
Real Estate 2.6 1.8
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerJohn Roth
Series inception dateJanuary 30, 2013
Fund benchmarkS&P 500 Index
NAVPU - Series F$17.48
Fund aggregate assets (all series)$1.354 billion
Management expense ratio –Series F1.15%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1461
LL 1462
LL2 1463
Series B: ISC 1497
Series F: NL 1500
Series T8 (T-SWP): DSC 1488
LL 1489
LL2 1490
Series S8 (T-SWP): ISC 1499
Series F8 (T-SWP): NL 1536
Series T5 (T-SWP): DSC 1464
LL 1466
LL2 1470
Series S5 (T-SWP): ISC 1498
Series F5 (T-SWP): NL 1533U.S. DOLLAR
Series A: DSC 1543
LL 1544
LL2 1545
Series B: ISC 1580
Series F: NL 1583
Series T8 (T-SWP): DSC 1554
LL 1574
LL2 1577
Series S8 (T-SWP): ISC 1582
Series F8 (T-SWP): NL 1585
Series T5 (T-SWP): DSC 1548
LL 1549
LL2 1553
Series S5 (T-SWP): ISC 1581
Series F5 (T-SWP): NL 1584
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).15 ■ MarketPulse
Fidelity U.S. Dividend Fund, Series F
Fidelity U.S. Dividend Fund aims to provide a combination of U.S. dividend income and growth by investing primarily in high-quality dividend-paying equities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 7.78 4 8.62
3 month -8.82 3 -12.98
6 month -4.92 3 -9.44
1 year -3.73 3 -9.03
2 year 4.76 3 1.81
3 year 2.29 4 1.45
5 year 6.78 3 6.55
Since inception 12.32 — 13.61
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$10,000
$20,000
$30,000
$40,000
NOV-12 APR-20
FUNDBENCHMARK
$23,860
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
YTD20192018201720162015
-8.9
8
-13.
35
19.5
4
19.8
7
-1.9
2
-0.3
4
3.84
5.76
14.9
4
14.3
0
13.8
4
14.9
8
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 12.11 14.80
Beta 0.80 —
R2 0.95 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Johnson & Johnson – Health Care
Berkshire Hathaway – Financials
Walmart – Consumer Staples
J. P. Morgan Chase – Financials
Verizon Communications – Communication Services
Bank of America – Financials
AT&T – Communication Services
McDonald's – Consumer Discretionary
Walt Disney – Communication Services
Exelon – Utilities
Total holdings 107
Top 10 holdings aggregate 25.8%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 92.8 92.6
Canadian Equities 1.7 1.5
Cash & Other 5.5 6.0
EQUITY SECTOR MIX (%)
Financials 18.1 19.2
Health Care 17.2 15.2
Consumer Staples 12.4 8.6
Information Technology 10.7 10.8
Communication Services 8.6 6.8
Consumer Discretionary 8.3 6.6
Industrials 6.1 9.1
Utilities 5.6 4.7
Energy 5.5 8.0
Real Estate 1.7 2.7
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerRamona Persaud
Series inception dateNovember 7, 2012
Fund benchmarkRussell 3000 Value Index
NAVPU - Series F$18.84
Fund aggregate assets (all series)$494.9 million
Management expense ratio –Series F1.15%, as at December 31, 2019
Also offered throughT-SWP®
Currency NeutralSystematic Currency Hedged
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 905
LL 943
LL2 947
Series B: ISC 966
Series F: NL 978
Series T8 (T-SWP): DSC 941
LL 946
LL2 958
Series S8 (T-SWP): ISC 976
Series F8 (T-SWP): NL 980
Series T5 (T-SWP): DSC 917
LL 944
LL2 954
Series S5 (T-SWP): ISC 974
Series F5 (T-SWP): NL 979U.S. DOLLAR
Series A: DSC 1016
LL 1021
LL2 1049
Series B: ISC 986
Series F: NL 995
Series T8 (T-SWP): DSC 1019
LL 1029
LL2 1053
Series S8 (T-SWP): ISC 990
Series F8 (T-SWP): NL 998
Series T5 (T-SWP): DSC 1018
LL 1024
LL2 1051
Series S5 (T-SWP): ISC 987
Series F5 (T-SWP): NL 996
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 16
Fidelity U.S. Dividend Registered Fund, Series F
U.S. dividend opportunities for certain registered accounts A tax-efficient solution for certain registered accounts only, Fidelity U.S. Dividend Registered Fund aims to provide a combination of U.S. dividend income and growth by investing primarily in high-quality dividend-paying equities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 7.77 4 8.62
3 month -8.74 3 -12.98
6 month -4.83 3 -9.44
1 year -3.48 3 -9.03
2 year 5.09 3 1.81
3 year 2.60 4 1.45
5 year 7.20 3 6.55
Since inception 11.83 — 12.43
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$10,000
$20,000
$30,000
$40,000
JAN-13 APR-20
FUNDBENCHMARK
$22,502
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
YTD20192018201720162015
-8.8
9
-13.
35
19.9
7
19.8
7
-1.7
5
-0.3
4
4.26
5.76
15.5
0
14.3
0
14.2
3
14.9
8
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 12.12 14.80
Beta 0.80 —
R2 0.95 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Johnson & Johnson – Health Care
Berkshire Hathaway – Financials
Walmart – Consumer Staples
J. P. Morgan Chase – Financials
Verizon Communications – Communication Services
Bank of America – Financials
AT&T – Communication Services
McDonald's – Consumer Discretionary
Exelon – Utilities
Walt Disney – Communication Services
Total holdings 107
Top 10 holdings aggregate 25.9%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 93.1 92.8
Canadian Equities 1.7 1.5
Cash & Other 5.2 5.7
EQUITY SECTOR MIX (%)
Financials 18.2 19.2
Health Care 17.2 15.2
Consumer Staples 12.4 8.6
Information Technology 10.7 10.8
Communication Services 8.6 6.9
Consumer Discretionary 8.3 6.6
Industrials 6.1 9.1
Utilities 5.6 4.8
Energy 5.5 8.0
Real Estate 1.7 2.6
The investors in the Fund are restricted to registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) whose planholder has a Canadian or U.S. resident address, deferred profit savings plans (DPSPs) and registered pension plans (RPPs). A subscription from any other investor will be rejected. If an ineligible investor is found to be holding units of the Fund, the units will be immediately redeemed in order to preserve the Fund's entitlement to the U.S. withholding tax exemption. ■ 1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerRamona Persaud
Series inception dateJanuary 30, 2013
Fund benchmarkRussell 3000 Value Index
NAVPU - Series F$15.58
Fund aggregate assets (all series)$258.5 million
Management expense ratio –Series F1.15%, as at December 31, 2019
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1438
LL 1439
LL2 1440
Series B: ISC 1454
Series F: NL 1459U.S. DOLLAR
Series A: DSC 1451
LL 1452
LL2 1453
Series B: ISC 1455
Series F: NL 1460
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).17 ■ MarketPulse
Fidelity U.S. Focused Stock Fund1, Series F
Concentrated exposure to the world's largest market Fidelity U.S. Focused Stock Fund aims to achieve long-term capital growth by investing primarily in U.S. equity securities through a concentrated portfolio.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 11.88 2 10.09
3 month -0.04 1 -4.70
6 month 9.69 1 2.34
1 year 8.08 1 4.14
3 year 17.38 1 9.62
5 year 15.37 1 12.15
10 year 15.07 1 15.28
Since inception 4.60 — 5.53
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
OCT-00 APR-20
FUNDBENCHMARK
$24,095
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
25%
YTD20192018201720162015
3.08
-2.8
4
24.3
9
24.8
4
13.9
6
4.23
23.0
4
13.8
3
-0.4
8
8.09
20.1
4
21.5
9
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 14.98 13.76
Beta 1.00 —
R2 0.85 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Adobe – Information Technology
Nvidia – Information Technology
MasterCard – Information Technology
UnitedHealth Group – Health Care
Eli Lilly – Health Care
Visa – Information Technology
Estée Lauder – Consumer Staples
Apple – Information Technology
Total holdings 50
Top 10 holdings aggregate 47.5%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 97.3 98.9
Canadian Equities 2.2 0.9
Cash & Other 0.4 0.2
EQUITY SECTOR MIX (%)
Information Technology 42.5 42.2
Health Care 15.0 6.9
Consumer Discretionary 9.0 10.9
Industrials 8.1 8.0
Real Estate 6.9 5.5
Consumer Staples 6.2 4.4
Financials 5.3 17.1
Communication Services 3.8 4.3
Utilities 2.8 0.0
For the currency neutral version please refer to page 111.1 Effective February 1, 2013, Fidelity Growth America Fund was renamed Fidelity U.S. Focused Stock Fund to reflect changes to its portfolio manager and investment strategies. If these changes had been in effect prior to that date, the Fund's performance could have been materially different. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerStephen DuFour
Series inception dateOctober 10, 2000
Fund benchmarkS&P 500 Index
NAVPU - Series F$73.65
Fund aggregate assets (all series)$1.236 billion
Management expense ratio –Series F1.15%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 534
LL 834
LL2 034
Series B: ISC 234
Series F: NL 634
Series T8 (T-SWP): DSC 502
LL 802
LL2 002
Series S8 (T-SWP): ISC 202
Series T5 (T-SWP): DSC 1512
LL 1812
LL2 1312
Series S5 (T-SWP): ISC 1212U.S. DOLLAR
Series A: DSC 421
LL 331
LL2 017
Series B: ISC 721
Series F: NL 621
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 18
Fidelity U.S. Growth Opportunities Class, Class F
Provides access to a growth manager with a valuation-conscious approach to investing in U.S. equities. Invests in businesses that appear cheap relative to long-term earnings potential.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK1
1 month 16.90 1 12.02
3 month 4.02 1 1.30
Since inception 2.12 — -0.40
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
JAN-20 APR-20
FUNDBENCHMARK
$10,212
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Alphabet – Communication Services
Apple – Information Technology
Facebook – Communication Services
Salesforce.com – Information Technology
Tesla – Consumer Discretionary
Carvana – Consumer Discretionary
UnitedHealth Group – Health Care
Uber – Industrials
Total holdings 168
Top 10 holdings aggregate 40.2%
ALLOCATION2
ASSET MIX (%) CURRENT MONTH
Foreign Equities 98.6
Other Investments 0.2
Cash & Other 1.2
EQUITY SECTOR MIX (%)
Information Technology 36.9
Consumer Discretionary 16.0
Communication Services 15.2
Health Care 13.2
Multi Sector 7.6
Industrials 4.5
Financials 2.5
Materials 1.4
1 The Russell 1000 Growth Index measures the performance of the broad growth segment of the U.S. equity growth universe. It generally includes those Russell 1000 Index companies that have higher forecasted medium-term growth and sales per share historical growth. ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managerKyle Weaver
Series inception dateJanuary 22, 2020
Fund benchmarkRussell 1000 Growth Index1
NAVPU - Class F$10.21
Fund aggregate assets (all series)$61.3 million
Also offered throughT-SWP®
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 6905
LL 6906
LL2 6907
Series B: ISC 6914
Series F: NL 6917
Series T8 (T-SWP): DSC 6911
LL 6912
LL2 6913
Series S8 (T-SWP): ISC 6916
Series F8 (T-SWP): NL 6919
Series T5 (T-SWP): DSC 6908
LL 6909
LL2 6910
Series S5 (T-SWP): ISC 6915
Series F5 (T-SWP): NL 6918U.S. DOLLAR
Series A: DSC 6932
LL 6933
LL2 6934
Series B: ISC 6941
Series F: NL 6944
Series T8 (T-SWP): DSC 6938
LL 6939
LL2 6940
Series S8 (T-SWP): ISC 6943
Series F8 (T-SWP): NL 6946
Series T5 (T-SWP): DSC 6935
LL 6936
LL2 6937
Series S5 (T-SWP): ISC 6942
Series F5 (T-SWP): NL 6945
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).19 ■ MarketPulse
Fidelity Women's Leadership Fund, Series F
A core U.S. equity strategy focused on investing in companies that prioritize and advance women’s leadership and development. The Fund allows investors to align their investment objectives with their values by harnessing the benefits of gender diversity.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE1 BENCHMARK
1 month 12.74 1 10.51
3 month -7.13 2 -5.82
6 month 0.30 2 1.10
Since inception 3.66 — 6.61
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
JUN-19 APR-20
FUNDBENCHMARK
$10,366
Calendar year performanceCalendar year performance
-6%
-4%
-2%
0%
2%
YTD
-3.9
9
-4.0
5
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Salesforce.com – Information Technology
AstraZeneca – Health Care
Accenture – Information Technology
Adobe – Information Technology
Vertex Pharmaceuticals – Health Care
Anthem – Health Care
NASDAQ – Financials
Cisco systems – Communication Services
Bank of America – Financials
Total holdings 122
Top 10 holdings aggregate 19.3%
ALLOCATION1
ASSET MIX (%) CURRENT MONTH
Foreign Equities 96.5
Other Investments 0.8
Cash & Other 2.7
EQUITY SECTOR MIX (%)
Information Technology 29.7
Health Care 14.5
Financials 11.9
Consumer Discretionary 11.2
Industrials 9.9
Communication Services 5.4
Consumer Staples 5.1
Materials 3.0
Utilities 3.0
Energy 1.8
1 Please refer to important information on page 131.
Fund factsPortfolio managerNicole Connolly
Series inception dateJune 6, 2019
Fund benchmarkRussell 3000 Index
NAVPU - Series F$10.37
Fund aggregate assets (all series)$11.3 million
Management expense ratio –Series F1.18%, as at December 31, 2019
Also offered throughT-SWP®
Systematic Currency Hedged
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 6671
LL 6672
LL2 6673
Series B: ISC 6680
Series F: NL 6683
Series T8 (T-SWP): DSC 6677
LL 6678
LL2 6679
Series S8 (T-SWP): ISC 6682
Series F8 (T-SWP): NL 6685
Series T5 (T-SWP): DSC 6674
LL 6675
LL2 6676
Series S5 (T-SWP): ISC 6681
Series F5 (T-SWP): NL 6684U.S. DOLLAR
Series A: DSC 6698
LL 6699
LL2 6700
Series B: ISC 6707
Series F: NL 6710
Series T8 (T-SWP): DSC 6704
LL 6705
LL2 6706
Series S8 (T-SWP): ISC 6709
Series F8 (T-SWP): NL 6712
Series T5 (T-SWP): DSC 6701
LL 6702
LL2 6703
Series S5 (T-SWP): ISC 6708
Series F5 (T-SWP): NL 6711
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 20
Fidelity CanAm Opportunities Class, Class F
A diversified all-cap North American equity strategy that aims to achieve strong risk-adjusted returns. The Class combines two complementary investment approaches to help generate alpha and lower volatility throughout a market cycle.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsFUND BENCHMARK1
1 month 12.22 11.76
3 month -8.44 -12.65
6 month -4.19 -8.07
1 year -6.12 -8.67
Since inception 5.91 1.37
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
JAN-19 APR-20
FUNDBENCHMARK
$10,767
Calendar year performanceCalendar year performance
-15%
-10%
-5%
0%
5%
YTD
-6.8
7
-12.
46
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Shopify – Information Technology
Grand Canyon Education – Consumer Discretionary
Cooper Companies – Health Care
Service Corporation International – Consumer Discretionary
CMS Energy – Utilities
Charles River Laboratories – Health Care
Roku – Communication Services
Manulife – Financials
Slack Technologies – Information Technology
Bausch Health – Health Care
Total holdings 126
Top 10 holdings aggregate 28.7%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 68.7 66.5
Canadian Equities 26.8 25.1
Other Investments 0.5 0.3
Cash & Other 4.0 8.1
EQUITY SECTOR MIX (%)
Information Technology 24.7 23.1
Consumer Discretionary 19.5 23.8
Industrials 11.8 9.2
Health Care 10.8 7.4
Utilities 6.9 4.1
Materials 6.6 3.8
Consumer Staples 4.9 4.2
Energy 3.7 4.5
Real Estate 2.9 4.4
Communication Services 2.4 3.9
For the currency neutral version please refer to page 111.1 The blended index is 50% Russell 2000 Index, 35% S&P/TSX Capped Composite Index and 15% S&P 500 Index. ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersMark SchmehlSteve MacMillan
Series inception dateJanuary 16, 2019
Fund benchmarkBlended index1
NAVPU - Class F$10.77
Fund aggregate assets (all series)$377.1 million
Management expense ratio –Class F1.16%, as at November 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryNorth American Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 6548
LL 6549
LL2 6550
Series B: ISC 6557
Series F: NL 6560
Series T8 (T-SWP): DSC 6554
LL 6555
LL2 6556
Series S8 (T-SWP): ISC 6559
Series F8 (T-SWP): NL 6562
Series T5 (T-SWP): DSC 6551
LL 6552
LL2 6553
Series S5 (T-SWP): ISC 6558
Series F5 (T-SWP): NL 6561U.S. DOLLAR
Series A: DSC 6564
LL 6565
LL2 6566
Series B: ISC 6573
Series F: NL 6576
Series T8 (T-SWP): DSC 6570
LL 6571
LL2 6572
Series S8 (T-SWP): ISC 6575
Series F8 (T-SWP): NL 6578
Series T5 (T-SWP): DSC 6567
LL 6568
LL2 6569
Series S5 (T-SWP): ISC 6574
Series F5 (T-SWP): NL 6577
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).21 ■ MarketPulse
Fidelity North American Equity Class, Class F
Fidelity North American Equity Class aims to invest in high-quality companies located primarily in Canada and/or the U.S. The Class seeks to provide long-term capital growth.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 12.10 2 9.86
3 month -7.86 2 -7.48
6 month 1.97 1 -1.02
1 year 5.00 1 0.32
2 year 9.97 1 8.07
3 year 8.86 1 7.12
Since inception 8.85 — 9.27
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
OCT-15 APR-20
FUNDBENCHMARK
$14,657
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD2019201820172016
-3.9
0
-5.7
1
28.5
2
24.2
4
-0.5
7
0.29
12.5
0
12.4
2
2.67
11.7
9
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 15.15 13.14
Beta 1.06 —
R2 0.92 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Apple – Information Technology
Amazon.com – Consumer Discretionary
Visa – Information Technology
Cooper Companies – Health Care
Roper Technologies – Industrials
Canadian Pacific Railway – Industrials
Charter Communications – Communication Services
Baxter International – Health Care
Arthur J. Gallagher & Co. – Financials
Total holdings 56
Top 10 holdings aggregate 43.2%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 70.0 66.5
Canadian Equities 29.7 32.8
Cash & Other 0.3 0.7
EQUITY SECTOR MIX (%)
Information Technology 24.4 24.7
Consumer Discretionary 18.6 8.6
Financials 12.8 13.2
Health Care 11.9 11.7
Industrials 11.0 14.1
Materials 7.9 7.2
Consumer Staples 4.2 1.9
Energy 3.9 6.6
Communication Services 3.0 8.8
Real Estate 1.9 2.6
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerDarren Lekkerkerker
Series inception dateOctober 28, 2015
Fund benchmark70% S&P 500 Index and 30% S&P/TSX Capped Composite Index
NAVPU - Class F$14.42
Fund aggregate assets (all series)$114.9 million
Management expense ratio –Class F1.12%, as at November 30, 2019
Also offered throughT-SWP®
Morningstar fund categoryNorth American Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 3469
LL 3470
LL2 3471
Series B: ISC 3478
Series F: NL 3481
Series T8 (T-SWP): DSC 3475
LL 3476
LL2 3477
Series S8 (T-SWP): ISC 3480
Series F8 (T-SWP): NL 3483
Series T5 (T-SWP): DSC 3472
LL 3473
LL2 3474
Series S5 (T-SWP): ISC 3479
Series F5 (T-SWP): NL 3482U.S. DOLLAR
Series A: DSC 3484
LL 3485
LL2 3486
Series B: ISC 3493
Series F: NL 3496
Series T8 (T-SWP): DSC 3490
LL 3491
LL2 3492
Series S8 (T-SWP): ISC 3495
Series F8 (T-SWP): NL 3498
Series T5 (T-SWP): DSC 3487
LL 3488
LL2 3489
Series S5 (T-SWP): ISC 3494
Series F5 (T-SWP): NL 3497
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 22
Fidelity AsiaStar® Fund, Series F
Seeking the best opportunities in Asia-Pacific, without limits Fidelity AsiaStar® Fund aims to achieve long-term capital growth by investing primarily in equity securities of companies located in the Asia-Pacific region.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK1
1 month 7.57 1 5.55
3 month -3.42 1 -5.62
6 month -1.76 2 -3.21
1 year -0.52 1 -3.44
3 year 6.98 1 2.82
5 year 7.24 1 4.56
10 year 8.62 1 7.52
Since inception 7.29 — 6.70
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
MAY-06 APR-20
FUNDBENCHMARK
$26,773
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
40%
YTD20192018201720162015
-5.6
2
-6.4
8
21.3
1
13.3
3
-7.1
1
-5.7
3
32.0
3
23.0
2
-4.0
9
1.26
21.0
8
17.5
8
Fund risk measures2Fund risk measures2
FUND
Annual Standard Deviation4 14.31
Beta 1.18
R2 0.88
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Tencent Holdings – Communication Services
AIA Group – Financials
Taiwan Semiconductor – Information Technology
Techtronic Industries – Industrials
Shenzhou International Group – Consumer Discretionary
Alibaba Group – Consumer Discretionary
Chugai Pharmaceutical – Health Care
Astellas Pharma – Health Care
HDFC Bank – Financials
SMC – Industrials
Total holdings 59
Top 10 holdings aggregate 55.0%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 99.7 99.4
Cash & Other 0.3 0.6
EQUITY SECTOR MIX (%)
Consumer Discretionary 21.2 25.1
Financials 17.6 17.9
Industrials 16.1 10.1
Information Technology 15.2 10.2
Health Care 13.0 9.9
Communication Services 10.5 13.5
Consumer Staples 3.8 7.1
Materials 1.9 4.6
COUNTRY MIX3 (%)
Japan 36.4 28.1
China 25.9 22.2
Hong Kong 14.7 12.3
Taiwan 8.5 5.8
Australia 6.3 16.3
India 4.3 6.8
Indonesia 1.6 2.4
New Zealand 1.0 1.4
1 Effective December 15, 2009, Fidelity AsiaStar® Fund adopted the MSCI AC Asia Pacific Index as its benchmark. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Includes cash. ■ 4 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerEileen Dibb
Series inception dateMay 4, 2006
Fund benchmark1
MSCI AC Asia Pacific Index
NAVPU - Series F$24.99
Fund aggregate assets (all series)$82.6 million
Management expense ratio –Series F1.19%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categoryAsia Pacific Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1508
LL 1808
LL2 1008
Series B: ISC 1208
Series F: NL 1608U.S. DOLLAR
Series A: DSC 1509
LL 1809
LL2 1009
Series B: ISC 1209
Series F: NL 1609
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).23 ■ MarketPulse
Fidelity China Fund, Series F
Exposure to explosive economic growth Fidelity China Fund leverages local first-hand research to seek out the best opportunities in both the developed market of Hong Kong and the developing market of mainland China.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 4.00 3 3.68
3 month 1.64 4 4.73
6 month 2.40 3 9.06
1 year -7.98 4 -0.07
3 year 4.34 3 7.72
5 year 3.21 3 3.54
10 year 8.34 1 8.02
Since inception 10.34 — 9.71
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
MAY-06 APR-20
FUNDBENCHMARK
$39,653
Calendar year performanceCalendar year performance
-20%
0%
20%
40%
60%
YTD20192018201720162015
-5.7
1
1.16
9.96
16.2
0
-4.4
6
-10.
91
32.3
9
40.3
1
0.66
-3.0
2
17.5
5
10.2
4
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 15.01 15.89
Beta 0.89 —
R2 0.89 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
China Mobile – Communication Services
China Construction Bank – Financials
Tencent Holdings – Communication Services
Industrial & Commercial Bank of China – Financials
Alibaba Group – Consumer Discretionary
China Life Insurance – Financials
China National Offshore Oil – Energy
China Overseas Land & Investment – Real Estate
Agricultural Bank of China – Financials
China Resources Land – Real Estate
Total holdings 80
Top 10 holdings aggregate 51.2%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 97.7 95.0
Cash & Other 2.3 5.0
EQUITY SECTOR MIX (%)
Financials 28.3 27.9
Communication Services 18.2 13.9
Consumer Discretionary 11.7 13.9
Energy 9.1 9.6
Industrials 7.3 7.1
Real Estate 6.7 6.2
Materials 5.5 5.5
Consumer Staples 3.9 4.4
Information Technology 3.9 3.7
Health Care 2.1 2.1
1 Prior to February 1, 2008, the Fund’s benchmark was the MSCI China Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerJing Ning
Series inception dateMay 4, 2006
Fund benchmark1
MSCI China Index Capped 10%
NAVPU - Series F$36.29
Fund aggregate assets (all series)$110.2 million
Management expense ratio –Series F1.17%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGreater China Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1506
LL 1806
LL2 1006
Series B: ISC 1206
Series F: NL 1606
Series T8 (T-SWP): DSC 1892
LL 1893
LL2 1894
Series S8 (T-SWP): ISC 1896
Series F8 (T-SWP): NL 1903
Series T5 (T-SWP): DSC 1887
LL 1890
LL2 1891
Series S5 (T-SWP): ISC 1895
Series F5 (T-SWP): NL 1900U.S. DOLLAR
Series A: DSC 1507
LL 1807
LL2 1007
Series B: ISC 1207
Series F: NL 1607
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 24
Fidelity Emerging Markets Fund, Series F
Broad exposure to developing economies Fidelity Emerging Markets Fund offers exposure to the tremendous growth potential of emerging market nations.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 8.60 1 6.54
3 month -5.05 1 -8.08
6 month -0.79 1 -5.31
1 year -3.04 1 -8.78
3 year 5.00 1 1.47
5 year 6.39 1 3.06
10 year 4.74 1 5.07
Since inception 6.00 — 7.18
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
OCT-00 APR-20
FUNDBENCHMARK
$31,279
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
40%
YTD20192018201720162015
-7.6
2
-10.
62
23.0
0
12.8
7
-11.
09
-6.5
1
37.7
1
28.7
0
-0.6
5
7.74
6.83
2.42
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation3 13.68 13.39
Beta 0.94 —
R2 0.92 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Tencent Holdings – Communication Services
Samsung Electronics – Information Technology
Taiwan Semiconductor – Information Technology
Industrial & Commercial Bank of China – Financials
Haier Smart Home – Consumer Discretionary
China Merchants Bank – Financials
China Resources Beer – Consumer Staples
Gedeon Richter – Health Care
Norilsk Nickel – Materials
Alibaba Group – Consumer Discretionary
Total holdings 52
Top 10 holdings aggregate 47.8%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 99.7 95.8
Cash & Other 0.3 4.2
EQUITY SECTOR MIX (%)
Information Technology 20.5 18.2
Financials 19.0 21.3
Consumer Discretionary 12.4 16.8
Materials 11.0 6.6
Communication Services 10.4 6.9
Consumer Staples 10.0 9.0
Industrials 7.5 5.4
Health Care 5.3 2.9
Energy 3.8 6.1
COUNTRY MIX2 (%)
China 43.2 23.9
Taiwan 14.1 6.4
South Korea 9.9 3.3
Mexico 5.9 0.0
Russia 5.2 6.1
Brazil 4.9 10.6
India 4.2 11.2
Hungary 3.8 0.0
South Africa 3.3 6.2
Israel 2.5 0.0
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Includes cash. ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerSam Polyak
Series inception dateOctober 10, 2000
Fund benchmarkMSCI Emerging Markets Index
NAVPU - Series F$21.05
Fund aggregate assets (all series)$2.118 billion
Management expense ratio –Series F1.16%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categoryEmerging Markets Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 575
LL 875
LL2 075
Series B: ISC 275
Series F: NL 675U.S. DOLLAR
Series A: DSC 476
LL 876
LL2 076
Series B: ISC 776
Series F: NL 676
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).25 ■ MarketPulse
Fidelity Europe Fund, Series F
Established expertise in a key global market Fidelity Europe Fund utilizes local expertise and dedicated global resources to deliver superior growth potential through investment in the European market.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 6.88 2 3.37
3 month -14.75 3 -13.65
6 month -10.40 2 -10.67
1 year -13.61 4 -10.77
3 year -2.14 2 -1.08
5 year 0.77 2 1.73
10 year 6.34 2 6.65
Since inception 2.88 — 2.79
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
$25,000
OCT-00 APR-20
FUNDBENCHMARK
$16,825
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-15.
06
-14.
14
16.3
7
17.5
2
-7.6
3
-7.2
0
17.5
4
17.2
6
-9.8
9
-3.8
5
20.4
0
16.5
2
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation3 13.91 11.72
Beta 1.10 —
R2 0.92 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Roche Holding – Health Care
SAP – Information Technology
Sanofi – Health Care
Wolters Kluwer – Industrials
Royal Dutch Shell – Energy
Kering – Consumer Discretionary
Siemens – Industrials
Fresenius – Health Care
Prudential – Financials
British American Tobacco – Consumer Staples
Total holdings 64
Top 10 holdings aggregate 39.5%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 96.6 98.2
Cash & Other 3.4 1.8
EQUITY SECTOR MIX (%)
Health Care 18.8 16.5
Consumer Staples 18.7 14.5
Financials 15.3 16.1
Industrials 14.6 16.7
Consumer Discretionary 8.8 9.2
Information Technology 7.8 8.2
Energy 5.4 10.1
Utilities 3.0 1.4
Materials 2.2 2.7
Communication Services 2.1 2.8
COUNTRY MIX2 (%)
United Kingdom 26.8 33.0
Germany 17.5 18.7
France 17.3 20.6
Netherlands 13.0 8.9
Switzerland 8.7 7.8
Sweden 3.6 3.2
Norway 3.5 2.6
Spain 3.3 2.2
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Includes cash. ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managersMatthew SiddleHelen Powell (co-portfolio manager)
Series inception dateOctober 10, 2000
Fund benchmarkMSCI Europe Index
NAVPU - Series F$36.18
Fund aggregate assets (all series)$209.6 million
Management expense ratio –Series F1.18%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categoryEuropean Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 428
LL 828
LL2 028
Series B: ISC 228
Series F: NL 628U.S. DOLLAR
Series A: DSC 538
LL 838
LL2 038
Series B: ISC 748
Series F: NL 648
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 26
Fidelity Far East Fund, Series F
Global strength combined with local expertise Fidelity Far East Fund delivers exposure to the compelling capital markets of Southeast Asia – backed by the strength of a global market leader.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 7.55 2 5.67
3 month 1.10 1 -0.67
6 month 0.92 1 2.40
1 year 0.92 1 -2.58
3 year 7.02 1 4.80
5 year 7.06 1 4.98
10 year 9.72 1 8.57
Since inception 7.81 — 7.36
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
OCT-00 APR-20
FUNDBENCHMARK
$43,524
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
40%
50%
YTD20192018201720162015
-2.8
1
-3.6
3
18.9
4
13.7
8
-8.0
8
-7.1
9
40.6
4
33.2
0
-4.8
3
2.88
18.0
2
8.87
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation3 13.54 13.28
Beta 0.94 —
R2 0.89 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Tencent Holdings – Communication Services
Alibaba Group – Consumer Discretionary
Taiwan Semiconductor – Information Technology
AIA Group – Financials
China Construction Bank – Financials
Samsung Electronics – Information Technology
SK Hynix – Information Technology
Ping An Insurance – Financials
Kweichow Moutai – Consumer Staples
HKT Trust & HKT Ltd. – Communication Services
Total holdings 47
Top 10 holdings aggregate 50.7%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 99.6 97.8
Cash & Other 0.5 2.2
EQUITY SECTOR MIX (%)
Financials 23.5 27.8
Information Technology 21.0 16.7
Communication Services 19.8 17.7
Consumer Discretionary 17.8 10.7
Consumer Staples 8.1 8.1
Materials 2.2 4.1
Industrials 1.8 3.4
Real Estate 1.8 2.6
Utilities 1.8 4.2
Health Care 1.8 0.0
COUNTRY MIX2 (%)
China 45.5 42.4
Taiwan 18.5 14.9
South Korea 9.0 9.8
Hong Kong 8.9 10.3
Thailand 5.0 5.3
Indonesia 4.2 5.3
Singapore 3.4 5.0
Philippines 2.3 2.1
India 1.9 2.5
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Includes cash. ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerBruce MacDonald
Series inception dateOctober 10, 2000
Fund benchmarkMSCI AC Far East, ex Japan Index
NAVPU - Series F$51.87
Fund aggregate assets (all series)$490.5 million
Management expense ratio –Series F1.17%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryAsia Pacific ex-Japan Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 537
LL 837
LL2 037
Series B: ISC 227
Series F: NL 627
Series T8 (T-SWP): DSC 1743
LL 1744
LL2 1745
Series S8 (T-SWP): ISC 1747
Series F8 (T-SWP): NL 1749
Series T5 (T-SWP): DSC 1740
LL 1741
LL2 1742
Series S5 (T-SWP): ISC 1746
Series F5 (T-SWP): NL 1748U.S. DOLLAR
Series A: DSC 422
LL 811
LL2 011
Series B: ISC 722
Series F: NL 622
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).27 ■ MarketPulse
Fidelity Founders™ Class, Class F
A core equity strategy focused on harnessing the entrepreneurial spirit of founder-led companies. The Class leverages the strength of Fidelity's deep global research platform by seeking to invest in compelling opportunities across the globe, with an emphasis on the U.S.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE1 BENCHMARK
1 month 15.24 1 10.51
3 month 3.90 1 -5.82
6 month 16.00 1 1.10
1 year 12.52 1 2.18
2 year 15.04 1 9.92
Since inception 14.45 — 9.46
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
$20,000
APR-18 APR-20
FUNDBENCHMARK
$13,161
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
25%
YTD2019
9.35
-4.0
5
23.6
4
24.4
0
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Alphabet – Communication Services
Adobe – Information Technology
Salesforce.com – Information Technology
Danaher – Health Care
Facebook – Communication Services
Barrick Gold – Materials
Vertex Pharmaceuticals – Health Care
Crown Castle International – Real Estate
Total holdings 103
Top 10 holdings aggregate 40.8%
ALLOCATION1
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 95.5 97.2
Canadian Equities 3.8 2.6
Cash & Other 0.8 0.2
EQUITY SECTOR MIX (%)
Information Technology 32.9 36.7
Health Care 21.2 12.2
Consumer Discretionary 15.8 15.4
Communication Services 10.3 10.8
Financials 5.6 6.0
Industrials 4.1 6.7
Materials 3.5 2.6
Real Estate 2.9 2.6
Consumer Staples 2.4 2.3
COUNTRY MIX (%)
United States 84.6 90.8
China 5.1 2.0
Canada 3.3 2.3
Belgium 1.4 0.0
Brazil 1.1 0.0
For the currency neutral version please refer to page 111.1 Please refer to important information on page 131.
Fund factsPortfolio managerDaniel Kelley
Series inception dateApril 18, 2018
Fund benchmarkRussell 3000 Index
NAVPU - Class F$13.16
Fund aggregate assets (all series)$193.0 million
Management expense ratio –Class F1.16%, as at November 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 6263
LL 6264
LL2 6265
Series B: ISC 6272
Series F: NL 6283
Series T8 (T-SWP): DSC 6269
LL 6270
LL2 6271
Series S8 (T-SWP): ISC 6274
Series F8 (T-SWP): NL 6285
Series T5 (T-SWP): DSC 6266
LL 6267
LL2 6268
Series S5 (T-SWP): ISC 6273
Series F5 (T-SWP): NL 6284U.S. DOLLAR
Series A: DSC 6294
LL 6295
LL2 6296
Series B: ISC 6303
Series F: NL 6314
Series T8 (T-SWP): DSC 6300
LL 6301
LL2 6302
Series S8 (T-SWP): ISC 6305
Series F8 (T-SWP): NL 6316
Series T5 (T-SWP): DSC 6297
LL 6298
LL2 6299
Series S5 (T-SWP): ISC 6304
Series F5 (T-SWP): NL 6315
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 28
Fidelity Frontier Emerging Markets Fund1, Series F
Fidelity Frontier Emerging Markets Fund searches for superior investment opportunities by combining a thorough understanding of each country's economy and close scrutiny of corporate management teams.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND BENCHMARK2
1 month 9.11 5.42
3 month -19.31 -19.78
6 month -19.62 -18.72
1 year -23.49 -20.74
3 year -9.89 -5.29
5 year -6.23 -5.74
10 year -4.73 -3.82
Since inception 3.10 5.10
Growth of $10,000 since inception5Growth of $10,000 since inception5
$0
$15,000
$30,000
$45,000
$60,000
OCT-00 APR-20
FUNDBENCHMARK
$18,187
Calendar year performanceCalendar year performance
-30%
-20%
-10%
0%
10%
20%
YTD20192018201720162015
-21.
44
-20.
81
2.83
8.33
-15.
41
-6.9
1
19.3
6
18.4
6
8.26
-1.0
3
-15.
55
-17.
03
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation5 16.45 14.79
Beta 1.04 —
R2 0.96 —
Volatility meter5Volatility meter5
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
National Bank of Kuwait – Financials
Commercial International Bank – Financials
Mobile Telecommunications Company – Communication Services
BDO Unibank – Financials
SM Investments – Industrials
Safaricom – Communication Services
Ayala – Industrials
Vietnam Dairy Products – Consumer Staples
Bancolombia – Financials
Credicorp – Financials
Total holdings 88
Top 10 holdings aggregate 39.9%
ALLOCATION5
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 98.1 99.0
Other Investments 0.0 0.5
Cash & Other 1.9 0.5
EQUITY SECTOR MIX (%)
Financials 39.7 43.1
Industrials 12.5 10.1
Consumer Staples 9.8 10.0
Communication Services 8.8 4.3
Materials 6.6 11.5
Consumer Discretionary 6.3 5.3
Real Estate 4.2 3.6
Energy 3.9 7.5
Health Care 3.4 2.6
Utilities 1.9 1.1
COUNTRY MIX4 (%)
Philippines 18.5 12.7
Vietnam 13.3 12.6
Kuwait 13.2 6.9
Colombia 6.1 9.4
Peru 4.7 7.9
Kenya 4.0 3.2
Egypt 4.0 0.0
Bangladesh 3.6 3.2
Romania 3.6 3.2
South Africa 3.4 5.6
1 On January 15, 2016, Fidelity Latin America Fund was renamed Fidelity Frontier Emerging Markets Fund, and its investment objectives were changed to allow it to invest across frontier and emerging markets, rather than maintaining a focus on Latin American markets. ■ 2 Prior to January 15, 2016, the Fund's benchmark was the MSCI Latin America Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Includes cash. ■ 5 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerAdam Kutas
Series inception dateOctober 10, 2000
Fund benchmark2
MSCI Frontier Emerging Markets Index
NAVPU - Series F$13.39
Fund aggregate assets (all series)$38.4 million
Management expense ratio –Series F1.22%, as at September 30, 2019
Morningstar fund categoryEmerging Markets Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 551
LL 851
LL2 051
Series B: ISC 251
Series F: NL 651U.S. DOLLAR
Series A: DSC 452
LL 342
LL2 042
Series B: ISC 752
Series F: NL 652
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).29 ■ MarketPulse
Fidelity Global Fund, Series F
Global investing demands global expertise Fidelity Global Fund is a core fund that delivers diversified global equity exposure – backed by the strength of a global market leader.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 9.13 2 8.04
3 month -7.60 2 -7.55
6 month -1.62 2 -2.44
1 year -0.80 2 -1.87
3 year 5.08 1 5.01
5 year 8.21 1 7.26
10 year 10.47 1 10.37
Since inception 3.78 — 3.88
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
OCT-00 APR-20
FUNDBENCHMARK
$20,678
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-6.5
1
-6.7
5
21.2
8
20.2
0
-4.0
6
-1.2
6
19.6
4
15.8
3
3.17
4.13
24.0
2
17.1
0
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 13.21 12.47
Beta 1.04 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Alphabet – Communication Services
Apple – Information Technology
Charter Communications – Communication Services
Amazon.com – Consumer Discretionary
Adobe – Information Technology
J. P. Morgan Chase – Financials
E.ON – Utilities
Intercontinental Exchange – Financials
Deutsche Boerse – Financials
Total holdings 114
Top 10 holdings aggregate 22.1%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 97.5 98.4
Cash & Other 2.5 1.6
EQUITY SECTOR MIX (%)
Information Technology 28.0 18.9
Health Care 15.7 12.4
Financials 14.8 18.2
Consumer Discretionary 11.1 11.1
Communication Services 10.8 11.3
Utilities 6.1 3.9
Industrials 3.9 9.3
Real Estate 2.6 2.7
Energy 1.8 7.9
Materials 1.8 1.6
COUNTRY MIX4 (%)
United States 52.6 54.3
Japan 8.7 8.1
Germany 6.4 4.4
United Kingdom 4.7 5.9
Netherlands 4.1 3.9
Denmark 3.0 2.3
South Korea 2.8 1.8
France 2.4 4.7
Sweden 2.0 0.0
Spain 2.0 0.0
1 Prior to December 4, 2006, the Fund’s benchmark was the MSCI World Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Includes cash.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerJeremy Podger
Series inception dateOctober 10, 2000
Fund benchmark1
MSCI All Country World Index
NAVPU - Series F$65.83
Fund aggregate assets (all series)$864.6 million
Management expense ratio –Series F1.17%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 530
LL 830
LL2 304
Series B: ISC 230
Series F: NL 630
Series T8 (T-SWP): DSC 504
LL 804
LL2 004
Series S8 (T-SWP): ISC 204
Series F8 (T-SWP): NL 5232
Series T5 (T-SWP): DSC 1534
LL 1834
LL2 1334
Series S5 (T-SWP): ISC 1234
Series F5 (T-SWP): NL 5231U.S. DOLLAR
Series A: DSC 427
LL 827
LL2 027
Series B: ISC 723
Series F: NL 623
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 30
Fidelity Global Concentrated Equity Fund, Series F
Seeking the best the world has to offer Fidelity Global Concentrated Equity Fund aims to achieve long-term capital growth by investing primarily in equity securities of companies anywhere in the world.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 11.54 1 8.04
3 month -13.61 4 -7.55
6 month -10.54 4 -2.44
1 year -8.80 4 -1.87
3 year 0.12 4 5.01
5 year 6.17 2 7.26
10 year 9.18 2 10.37
Since inception 3.53 — 5.54
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
JAN-02 APR-20
FUNDBENCHMARK
$18,856
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-15.
65
-6.7
5
26.3
4
20.2
0
-9.4
9
-1.2
6
18.7
8
15.8
3
8.33
4.13
18.2
7
17.1
0
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation3 15.95 11.91
Beta 1.21 —
R2 0.89 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Allison Transmission Holdings – Industrials
PTC – Information Technology
Finning – Industrials
Alibaba Group – Consumer Discretionary
Frontdoor – Consumer Discretionary
Promotora y Operadora de Infraestructura – Industrials
Vipshop – Consumer Discretionary
Compass Group – Consumer Discretionary
Thai Beverage – Consumer Discretionary
Brenntag – Industrials
Total holdings 64
Top 10 holdings aggregate 24.5%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 94.0 88.9
Canadian Equities 4.9 3.5
Cash & Other 1.1 7.6
EQUITY SECTOR MIX (%)
Industrials 27.4 28.9
Consumer Discretionary 26.2 18.8
Information Technology 14.1 6.9
Health Care 11.0 11.4
Financials 7.7 15.3
Consumer Staples 7.5 1.6
Real Estate 3.2 0.0
Materials 1.8 3.7
COUNTRY MIX2 (%)
United States 30.0 35.1
United Kingdom 14.7 13.2
Germany 9.5 8.6
Japan 5.9 6.2
Denmark 5.6 3.9
Canada 4.9 3.5
Switzerland 4.2 2.9
China 3.8 2.9
South Korea 3.5 0.0
Australia 3.2 1.6
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Includes cash. ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerPatrice Quirion
Series inception dateJanuary 30, 2002
Fund benchmarkMSCI All Country World Index
NAVPU - Series F$13.70
Fund aggregate assets (all series)$419.6 million
Management expense ratio –Series F1.19%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 507
LL 807
LL2 007
Series B: ISC 207
Series F: NL 607
Series T8 (T-SWP): DSC 2361
LL 2363
LL2 2365
Series S8 (T-SWP): ISC 2367
Series F8 (T-SWP): NL 2369
Series T5 (T-SWP): DSC 2360
LL 2362
LL2 2364
Series S5 (T-SWP): ISC 2366
Series F5 (T-SWP): NL 2368U.S. DOLLAR
Series A: DSC 409
LL 809
LL2 339
Series B: ISC 709
Series F: NL 609
Series T8 (T-SWP): DSC 2372
LL 2374
LL2 2376
Series S8 (T-SWP): ISC 2378
Series F8 (T-SWP): NL 2380
Series T5 (T-SWP): DSC 2370
LL 2373
LL2 2375
Series S5 (T-SWP): ISC 2377
Series F5 (T-SWP): NL 2379
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).31 ■ MarketPulse
Fidelity Global Disciplined Equity® Fund, Series F
Sector neutral. Actively managed. Fidelity Global Disciplined Equity® Fund combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 9.89 1 8.04
3 month -7.33 2 -7.55
6 month -1.23 2 -2.44
1 year -1.33 2 -1.87
3 year 4.40 2 5.01
5 year 6.45 2 7.26
10 year 9.61 2 10.37
Since inception 5.60 — 6.19
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
JUL.-02 APR-20
FUNDBENCHMARK
$26,421
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-6.8
6
-6.7
5
23.6
3
20.2
0
-4.8
3
-1.2
6
15.3
8
15.8
3
-1.6
7
4.13
20.5
2
17.1
0
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 13.33 12.47
Beta 1.05 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Alphabet – Communication Services
Johnson & Johnson – Health Care
Amazon.com – Consumer Discretionary
Alibaba Group – Consumer Discretionary
AstraZeneca – Health Care
Nestlé – Consumer Staples
Becton Dickinson – Health Care
Marvell Technology Group – Information Technology
Lockheed Martin – Industrials
Total holdings 111
Top 10 holdings aggregate 20.4%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 95.4 95.3
Canadian Equities 2.9 4.4
Cash & Other 1.7 0.4
EQUITY SECTOR MIX (%)
Information Technology 19.0 16.1
Financials 13.9 17.0
Health Care 13.4 10.9
Consumer Discretionary 11.1 11.1
Communication Services 9.3 8.9
Industrials 9.1 10.6
Consumer Staples 8.5 8.1
Materials 4.2 4.8
Energy 3.3 6.1
Utilities 3.3 3.1
COUNTRY MIX4 (%)
United States 62.5 60.1
United Kingdom 6.0 8.5
Japan 4.5 2.6
China 4.4 3.0
Canada 3.5 4.1
France 3.0 4.5
Switzerland 2.7 0.0
Germany 2.0 3.6
Sweden 1.5 1.3
Hong Kong 1.3 1.3
For the currency neutral version please refer to page 111.1 Prior to February 28, 2006, the Fund’s benchmark was the MSCI World Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Includes cash.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerChandler Willett
Series inception dateJuly 9, 2002
Fund benchmark1
MSCI All Country World Index
NAVPU - Series F$21.37
Fund aggregate assets (all series)$219.3 million
Management expense ratio –Series F1.20%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 500
LL 800
LL2 008
Series B: ISC 200
Series F: NL 600
Series T8 (T-SWP): DSC 509
LL 300
LL2 009
Series S8 (T-SWP): ISC 209
Series F8 (T-SWP): NL 5230
Series T5 (T-SWP): DSC 1529
LL 1829
LL2 1329
Series S5 (T-SWP): ISC 1229
Series F5 (T-SWP): NL 5229U.S. DOLLAR
Series A: DSC 479
LL 879
LL2 079
Series B: ISC 779
Series F: NL 679
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 32
Fidelity Global Dividend Fund, Series F
Capitalizing on dividend-paying global securities Fidelity Global Dividend Fund offers exposure to high-quality global dividend-paying equities, as well as additional diversification from global bonds and real estate securities, to provide investors with income and long-term capital growth.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 7.65 3 8.64
3 month -6.10 2 -8.04
6 month -1.22 2 -3.70
1 year 2.25 1 -1.89
3 year 4.95 1 4.56
5 year 6.88 2 6.91
10 year 10.64 1 10.73
Since inception 4.93 — 5.45
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
APR-07 APR-20
FUNDBENCHMARK
$18,736
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-5.2
8
-7.0
2
21.4
4
19.0
6
-2.5
5
-0.6
8
12.0
4
13.9
1
-0.2
6
4.04
20.4
8
16.5
9
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 10.41 11.60
Beta 0.88 —
R2 0.95 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Apple – Information Technology
AstraZeneca – Health Care
Nestlé – Consumer Staples
Roche Holding – Health Care
American Tower – Real Estate
Taiwan Semiconductor – Information Technology
Hoya – Health Care
Amgen – Health Care
J. P. Morgan Chase – Financials
Total holdings 1,474
Top 10 holdings aggregate 19.1%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 87.2 85.2
Foreign Bonds 4.4 4.2
Canadian Equities 3.2 3.9
Other Investments 0.4 0.4
Cash & Other 4.9 6.4
EQUITY SECTOR MIX (%)
Information Technology 17.2 12.2
Health Care 13.2 11.6
Financials 11.4 14.8
Consumer Staples 11.2 9.5
Real Estate 10.0 11.9
Industrials 7.9 8.1
Consumer Discretionary 7.0 5.0
Communication Services 4.5 6.5
Energy 3.8 6.0
Utilities 2.5 2.2
COUNTRY MIX4 (%)
United States 49.7 51.8
United Kingdom 9.5 9.2
Japan 7.2 7.6
Switzerland 4.0 3.1
Canada 3.7 4.0
France 3.0 2.0
Hong Kong 2.4 3.3
Germany 2.2 1.9
Taiwan 1.7 1.3
Netherlands 1.7 1.9
1 The blended index is 85% MSCI AC World Index (Net), 10% FTSE EPRA/NAREIT Developed Index (Net) and 5% Bloomberg Barclays Global Aggregate Bond Index. Prior to October 1, 2014 the Fund’s benchmark was a blend of 80% MSCI AC World Index (Net), 10% FTSE EPRA/NAREIT Developed Index (Net) and 10% Barclays Capital Global Aggregate Bond Index. Before October 1, 2013, the blended benchmark was 80% MSCI AC World Index (Net), 10% FTSE EPRA/NAREIT Developed Index (Net) and 10% Barclays Capital Global Aggregate Bond Index – Hedged CAD. Before March 1, 2013, the blended benchmark was 80% MSCI High Dividend Yield Index, 10% FTSE EPRA/NAREIT Developed Index (Net) and 10% Barclays Capital Global Aggregate Bond Index – Hedged CAD. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Includes cash.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersSteven Buller (equities)Ramona Persaud (equities)Jeff Moore (fixed-income)Michael Foggin (fixed-income)Andrew Lewis (fixed-income)
Series inception dateApril 16, 2007
Fund benchmarkBlended index1
NAVPU - Series F$13.52
Fund aggregate assets (all series)$603.7 million
Management expense ratio –Series F1.18%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1540
LL 1840
LL2 1040
Series B: ISC 1240
Series F: NL 1640
Series T8 (T-SWP): DSC 1550
LL 1850
LL2 1050
Series S8 (T-SWP): ISC 1250
Series F8 (T-SWP): NL 1785
Series T5 (T-SWP): DSC 1560
LL 1860
LL2 1060
Series S5 (T-SWP): ISC 1260
Series F5 (T-SWP): NL 1784U.S. DOLLAR
Series A: DSC 1541
LL 1841
LL2 1041
Series B: ISC 1241
Series F: NL 1641
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).33 ■ MarketPulse
Fidelity Global Growth and Value Class, Class F
A core diversified equity strategy that seeks to invest in the most compelling opportunities across the globe. The Class provides exposure to both growth and value investment styles, as well as a range of company sizes and regions, with the aim of achieving strong risk-adjusted returns.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE1 BENCHMARK
1 month 10.99 1 11.89
3 month -5.04 1 -9.37
6 month 1.39 1 -4.13
1 year 1.24 1 -3.44
Since inception 1.88 — 3.80
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
JUN-18 APR-20
FUNDBENCHMARK
$10,356
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD2019
-3.8
3
-8.9
4
19.3
8
22.5
5
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Netflix – Communication Services
Berkshire Hathaway – Financials
Facebook – Communication Services
Salesforce.com – Information Technology
UnitedHealth Group – Health Care
Adobe – Information Technology
Visa – Information Technology
Okta – Information Technology
Total holdings 727
Top 10 holdings aggregate 21.5%
ALLOCATION1
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 92.5 91.5
Canadian Equities 1.3 1.5
Cash & Other 6.1 7.0
EQUITY SECTOR MIX (%)
Information Technology 22.5 20.6
Health Care 17.7 15.7
Consumer Discretionary 14.4 14.6
Financials 10.0 12.3
Industrials 9.7 11.3
Communication Services 9.1 7.1
Consumer Staples 4.0 3.9
Materials 3.6 3.1
Energy 1.8 2.6
COUNTRY MIX (%)
United States 67.3 67.0
Japan 11.7 9.2
United Kingdom 2.5 3.0
South Korea 1.6 1.3
Canada 1.3 1.5
Taiwan 1.2 0.0
China 1.2 1.0
France 1.0 1.5
For the currency neutral version please refer to page 111.1 Please refer to important information on page 131.
Fund factsPortfolio managersWill DanoffJoel TillinghastSalim Hart
Series inception dateJune 14, 2018
Fund benchmark50% S&P 500 Index and 50% MSCI World Small Cap Index
NAVPU - Class F$10.35
Fund aggregate assets (all series)$813.0 million
Management expense ratio –Class F1.17%, as at November 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 3312
LL 3313
LL2 3991
Series B: ISC 3998
Series F: NL 4001
Series T8 (T-SWP): DSC 3995
LL 3996
LL2 3997
Series S8 (T-SWP): ISC 4000
Series F8 (T-SWP): NL 4003
Series T5 (T-SWP): DSC 3992
LL 3993
LL2 3994
Series S5 (T-SWP): ISC 3999
Series F5 (T-SWP): NL 4002U.S. DOLLAR
Series A: DSC 4020
LL 4021
LL2 4022
Series B: ISC 4029
Series F: NL 4032
Series T8 (T-SWP): DSC 4026
LL 4027
LL2 4028
Series S8 (T-SWP): ISC 4031
Series F8 (T-SWP): NL 4034
Series T5 (T-SWP): DSC 4023
LL 4024
LL2 4025
Series S5 (T-SWP): ISC 4030
Series F5 (T-SWP): NL 4033
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 34
Fidelity Global Innovators® Class, Class F
A flexible investment strategy focused on the innovative and disruptive companies in today’s rapidly changing world. The Class leverages the strength of Fidelity’s deep global research platform by seeking to invest in the most compelling opportunities across developed and emerging markets.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE1 BENCHMARK
1 month 16.76 1 12.70
3 month 7.38 1 2.29
6 month 22.87 1 13.88
1 year 23.48 1 14.60
2 year 19.71 1 18.02
Since inception 19.88 — 16.72
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
$20,000
NOV-17 APR-20
FUNDBENCHMARK
$15,723
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
40%
50%
YTD20192018
14.4
2
6.44
41.3
2
29.7
8
-4.6
1
5.91
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Walmart – Consumer Staples
Slack Technologies – Information Technology
Roku – Communication Services
Shopify – Information Technology
Okta – Information Technology
Zoom Video Communications – Information Technology
Tesla – Consumer Discretionary
Micron Technology – Information Technology
Total holdings 56
Top 10 holdings aggregate 52.1%
ALLOCATION1
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 85.0 88.9
Canadian Equities 14.2 9.9
Other Investments 0.9 0.5
Cash & Other -0.1 0.7
EQUITY SECTOR MIX (%)
Information Technology 33.7 53.0
Consumer Discretionary 26.1 26.3
Consumer Staples 9.7 1.1
Health Care 9.5 6.7
Materials 8.0 0.0
Communication Services 7.6 8.5
Industrials 3.7 2.3
Financials 1.7 1.1
COUNTRY MIX (%)
United States 83.9 81.9
Canada 14.4 10.2
Switzerland 1.4 0.0
For the currency neutral version please refer to page 111.1 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerMark Schmehl
Subportfolio managerBrett Dley
Series inception dateNovember 1, 2017
Fund benchmarkNASDAQ Composite Index
NAVPU - Class F$15.71
Fund aggregate assets (all series)$2.825 billion
Management expense ratio –Class F1.16%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 5964
LL 5965
LL2 5966
Series B: ISC 5973
Series F: NL 5982
Series T8 (T-SWP): DSC 5970
LL 5971
LL2 5972
Series S8 (T-SWP): ISC 5975
Series F8 (T-SWP): NL 5984
Series T5 (T-SWP): DSC 5967
LL 5968
LL2 5969
Series S5 (T-SWP): ISC 5974
Series F5 (T-SWP): NL 5983U.S. DOLLAR
Series A: DSC 6108
LL 6109
LL2 6110
Series B: ISC 6117
Series F: NL 6126
Series T8 (T-SWP): DSC 6114
LL 6115
LL2 6116
Series S8 (T-SWP): ISC 6119
Series F8 (T-SWP): NL 6128
Series T5 (T-SWP): DSC 6111
LL 6112
LL2 6113
Series S5 (T-SWP): ISC 6118
Series F5 (T-SWP): NL 6127
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).35 ■ MarketPulse
Fidelity Global Intrinsic Value Class, Class F
Fidelity Global Intrinsic Value Class aims to deliver capital growth through a value investment approach that seeks to identify the unrecognized long-term potential of fundamentally solid companies. The Class invests in the highest-conviction ideas of the portfolio managers, who have the flexibility to invest in opportunities anywhere in the world.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 9.75 3 10.69
3 month -10.72 2 -14.30
6 month -7.14 2 -10.45
1 year -7.37 2 -11.85
2 year -3.06 2 -3.51
3 year 0.42 1 0.03
Since inception 6.16 — 5.49
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
MAY-15 APR-20
FUNDBENCHMARK
$13,472
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
YTD2019201820172016
-12.
23
-15.
02
14.9
2
19.8
1
-5.7
3
-6.1
0
15.9
3
14.6
0
9.22
8.81
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 12.91 16.30
Beta 0.74 —
R2 0.95 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Itochu – Industrials
CVS Health – Health Care
MetLife – Financials
Universal Health Services – Health Care
Humana – Health Care
Best Buy – Consumer Discretionary
Williams-Sonoma – Consumer Discretionary
HP – Information Technology
Arata – Consumer Discretionary
Synchrony Financial – Financials
Total holdings 560
Top 10 holdings aggregate 14.3%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 88.9 87.1
Canadian Equities 1.0 2.6
Other Investments 0.0 0.1
Cash & Other 10.1 10.3
EQUITY SECTOR MIX (%)
Consumer Discretionary 19.3 17.0
Industrials 16.6 16.5
Health Care 15.1 11.7
Financials 12.6 15.9
Information Technology 9.2 7.3
Materials 4.8 6.2
Consumer Staples 4.0 3.5
Communication Services 3.4 3.7
Energy 3.2 4.9
COUNTRY MIX (%)
United States 40.9 41.7
Japan 24.2 18.2
United Kingdom 4.1 4.5
South Korea 3.4 2.9
Taiwan 2.5 1.6
France 2.0 2.7
Germany 1.5 0.0
China 1.3 1.9
Austria 1.1 1.1
Canada 1.0 2.6
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersJoel TillinghastSalim Hart
Series inception dateMay 6, 2015
Fund benchmarkMSCI World Small Cap Index
NAVPU - Class F$13.43
Fund aggregate assets (all series)$1.664 billion
Management expense ratio –Class F1.16%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Small/Mid Cap Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 2919
LL 2920
LL2 2921
Series B: ISC 2928
Series F: NL 2931
Series T8 (T-SWP): DSC 2925
LL 2926
LL2 2927
Series S8 (T-SWP): ISC 2930
Series F8 (T-SWP): NL 2933
Series T5 (T-SWP): DSC 2922
LL 2923
LL2 2924
Series S5 (T-SWP): ISC 2929
Series F5 (T-SWP): NL 2932U.S. DOLLAR
Series A: DSC 2934
LL 2935
LL2 2936
Series B: ISC 2943
Series F: NL 2946
Series T8 (T-SWP): DSC 2940
LL 2941
LL2 2942
Series S8 (T-SWP): ISC 2945
Series F8 (T-SWP): NL 2948
Series T5 (T-SWP): DSC 2937
LL 2938
LL2 2939
Series S5 (T-SWP): ISC 2944
Series F5 (T-SWP): NL 2947
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 36
Fidelity Global Large Cap Fund, Series F
Fidelity Global Large Cap Fund offers exposure to global growth opportunities through a portfolio that draws on the best ideas of Fidelity's global sector portfolio managers.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 10.14 1 8.04
3 month -7.20 2 -7.55
6 month -1.08 2 -2.44
1 year -1.03 2 -1.87
2 year 2.98 2 4.01
3 year 4.39 2 5.01
5 year 6.50 2 7.26
Since inception 10.25 — 10.36
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
APR-11 APR-20
FUNDBENCHMARK
$24,250
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-6.7
8
-6.7
5
23.7
5
20.2
0
-4.9
4
-1.2
6
15.2
8
15.8
3
-1.5
1
4.13
20.6
2
17.1
0
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation3 13.42 11.91
Beta 1.06 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Alphabet – Communication Services
Johnson & Johnson – Health Care
Amazon.com – Consumer Discretionary
Alibaba Group – Consumer Discretionary
AstraZeneca – Health Care
Nestlé – Consumer Staples
Becton Dickinson – Health Care
Marvell Technology Group – Information Technology
McDonald's – Consumer Discretionary
Total holdings 111
Top 10 holdings aggregate 20.3%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 95.5 95.3
Canadian Equities 2.9 4.3
Cash & Other 1.6 0.4
EQUITY SECTOR MIX (%)
Information Technology 19.0 16.1
Financials 13.9 17.0
Health Care 13.4 10.8
Consumer Discretionary 11.2 11.0
Communication Services 9.4 8.9
Industrials 9.2 10.6
Consumer Staples 8.5 8.1
Materials 4.3 4.8
Energy 3.3 6.1
Utilities 3.3 3.1
COUNTRY MIX2 (%)
United States 62.7 60.0
United Kingdom 6.0 8.5
China 4.4 3.0
Japan 4.3 2.6
Canada 3.4 3.9
France 3.0 4.5
Switzerland 2.7 0.0
Germany 2.0 3.6
Sweden 1.5 1.6
Hong Kong 1.3 1.3
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Includes cash. ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerChandler Willett
Series inception dateApril 4, 2011
Fund benchmarkMSCI All Country World Index
NAVPU - Series F$18.73
Fund aggregate assets (all series)$127.9 million
Management expense ratio –Series F1.20%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1033
LL 1034
LL2 1035
Series B: ISC 1036
Series F: NL 1037
Series T8 (T-SWP): DSC 1011
LL 1012
LL2 1013
Series S8 (T-SWP): ISC 1048
Series F8 (T-SWP): NL 5234
Series T5 (T-SWP): DSC 1043
LL 1044
LL2 1045
Series S5 (T-SWP): ISC 1031
Series F5 (T-SWP): NL 5233U.S. DOLLAR
Series A: DSC 1080
LL 1081
LL2 1082
Series B: ISC 1083
Series F: NL 1084
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).37 ■ MarketPulse
Fidelity Global Small Cap Fund, Series F
Fidelity Global Small Cap Fund draws on the best ideas from Fidelity's worldwide research network to identify small cap opportunities anywhere in the world.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK
1 month 12.30 1 10.74
3 month -12.38 2 -14.31
6 month -9.05 2 -10.69
1 year -7.74 2 -12.33
2 year -2.06 1 -4.45
3 year 0.48 1 -0.54
5 year 2.79 2 4.53
Since inception 7.49 — 8.79
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
APR-11 APR-20
FUNDBENCHMARK
$19,269
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-13.
49
-15.
15
25.0
4
18.3
5
-8.4
2
-6.6
8
9.13
15.6
7
-1.2
7
7.73
21.3
7
18.6
9
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation3 16.96 16.07
Beta 1.00 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Miura – Industrials
RingCentral – Information Technology
Obic – Information Technology
Rexford Industrial Realty – Real Estate
Shenzhen Expressway Company – Industrials
Aluflexpack – Materials
ScottsMiracle-Gro – Materials
Capcom – Communication Services
Tsuruha Holdings – Consumer Staples
Inphi – Information Technology
Total holdings 140
Top 10 holdings aggregate 15.5%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 97.4 96.5
Canadian Equities 1.9 1.5
Cash & Other 0.7 2.1
EQUITY SECTOR MIX (%)
Information Technology 22.2 15.2
Industrials 17.9 16.8
Materials 11.6 8.2
Financials 9.9 13.0
Real Estate 9.5 9.6
Health Care 9.3 10.7
Consumer Discretionary 7.1 10.9
Consumer Staples 4.8 3.5
Communication Services 4.0 5.2
Energy 1.6 2.9
COUNTRY MIX2 (%)
United States 45.7 54.6
Japan 15.2 10.2
United Kingdom 5.4 5.9
Taiwan 3.5 0.0
Germany 2.9 3.0
Sweden 2.3 0.0
South Korea 2.1 2.1
France 2.0 2.5
Canada 1.9 1.5
Netherlands 1.8 1.3
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Includes cash. ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerShah Badkoubei
Series inception dateApril 4, 2011
Fund benchmarkMSCI All Country World Small Cap Index
NAVPU - Series F$16.87
Fund aggregate assets (all series)$12.1 million
Management expense ratio –Series F1.19%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categoryGlobal Small/Mid Cap Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1186
LL 1187
LL2 1188
Series B: ISC 1190
Series F: NL 1191U.S. DOLLAR
Series A: DSC 1193
LL 1194
LL2 1195
Series B: ISC 1196
Series F: NL 1197
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 38
Fidelity Insights Class, Class F
Fidelity Insights Class is a flexible core equity holding that seeks to identify companies that the portfolio manager believes will offer sustained, above-average earnings growth.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 12.57 1 10.09
3 month 0.89 1 -4.70
6 month 10.76 1 2.34
1 year 8.52 1 4.14
2 year 11.99 1 11.37
3 year 14.44 1 9.62
Since inception 16.62 — 11.79
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
JAN-17 APR-20
FUNDBENCHMARK
$16,510
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018
5.28
-2.8
4
22.3
2
28.6
0
5.33
-3.0
2
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 15.36 13.76
Beta 1.01 —
R2 0.82 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Netflix – Communication Services
Facebook – Communication Services
Berkshire Hathaway – Financials
Salesforce.com – Information Technology
Adobe – Information Technology
UnitedHealth Group – Health Care
Alphabet – Communication Services
Visa – Information Technology
Total holdings 231
Top 10 holdings aggregate 41.7%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 94.4 95.0
Canadian Equities 1.8 1.1
Other Investments 0.0 0.2
Cash & Other 3.7 3.7
EQUITY SECTOR MIX (%)
Information Technology 34.3 32.8
Health Care 19.5 15.4
Communication Services 14.9 12.0
Consumer Discretionary 9.9 10.5
Financials 7.6 12.7
Consumer Staples 3.2 2.9
Industrials 3.1 4.7
Materials 2.5 1.2
COUNTRY MIX (%)
United States 89.7 90.4
Canada 1.8 1.1
United Kingdom 1.7 0.0
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerWill Danoff
Series inception dateJanuary 26, 2017
Fund benchmarkS&P 500 Index
NAVPU - Class F$16.50
Fund aggregate assets (all series)$3.875 billion
Management expense ratio –Class F1.16%, as at November 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 5482
LL 5483
LL2 5484
Series B: ISC 5491
Series F: NL 5494
Series T8 (T-SWP): DSC 5488
LL 5489
LL2 5490
Series S8 (T-SWP): ISC 5493
Series F8 (T-SWP): NL 5496
Series T5 (T-SWP): DSC 5485
LL 5486
LL2 5487
Series S5 (T-SWP): ISC 5492
Series F5 (T-SWP): NL 5495U.S. DOLLAR
Series A: DSC 5501
LL 5502
LL2 5503
Series B: ISC 5510
Series F: NL 5513
Series T8 (T-SWP): DSC 5507
LL 5508
LL2 5509
Series S8 (T-SWP): ISC 5512
Series F8 (T-SWP): NL 5515
Series T5 (T-SWP): DSC 5504
LL 5505
LL2 5506
Series S5 (T-SWP): ISC 5511
Series F5 (T-SWP): NL 5514
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).39 ■ MarketPulse
Fidelity International Concentrated Equity Fund1, Series FFidelity International Concentrated Equity Fund leverages Fidelity’s worldwide research network to deliver a high-conviction portfolio of the manager’s best international investment ideas.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 10.23 1 6.09
3 month -16.17 4 -10.65
6 month -14.08 4 -8.20
1 year -15.36 4 -7.98
3 year -3.92 4 0.35
5 year 0.02 4 2.91
10 year 4.37 4 6.95
Since inception 1.48 — 3.43
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$5,000
$10,000
$15,000
$20,000
$25,000
MAY-06 APR-20
FUNDBENCHMARK
$12,289
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-18.
68
-11.
54
20.2
4
15.1
8
-13.
13
-6.5
8
22.4
1
18.7
0
-5.1
7
-2.0
0
13.5
1
18.1
3
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 16.53 11.60
Beta 1.33 —
R2 0.87 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Promotora y Operadora de Infraestructura – Industrials
Pandora – Consumer Discretionary
DCC – Industrials
Brenntag – Industrials
Thai Beverage – Consumer Staples
Prosus – Consumer Discretionary
SAP – Information Technology
Alibaba Group – Consumer Discretionary
Compass Group – Consumer Discretionary
Vipshop – Consumer Discretionary
Total holdings 52
Top 10 holdings aggregate 29.7%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 100.0 98.8
Cash & Other 0.0 1.2
EQUITY SECTOR MIX (%)
Consumer Discretionary 26.9 21.8
Industrials 25.9 31.6
Health Care 12.6 6.9
Financials 10.4 17.3
Information Technology 10.2 11.1
Consumer Staples 8.8 3.7
Materials 2.9 5.4
Real Estate 2.2 0.0
COUNTRY MIX5 (%)
United Kingdom 23.1 20.8
Germany 13.5 12.3
Japan 9.4 9.8
Denmark 7.8 4.5
China 6.8 5.6
Netherlands 6.5 8.0
Switzerland 5.5 4.4
Australia 5.2 2.7
France 4.9 7.1
South Korea 4.7 3.1
For the currency neutral version please refer to page 111.1 On April 1, 2016, Fidelity International Value Fund was renamed Fidelity International Concentrated Equity Fund. ■ 2 Prior to July 1, 2017, the Fund’s benchmark was the MSCI EAFE Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131. ■ 5 Includes cash.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerPatrice Quirion
Series inception dateMay 4, 2006
Fund benchmark2
MSCI EAFE + EM Index
NAVPU - Series F$9.72
Fund aggregate assets (all series)$69.1 million
Management expense ratio –Series F1.18%, as at September 30, 2019
Also offered throughCurrency Neutral
Morningstar fund categoryInternational Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1502
LL 1802
LL2 1002
Series B: ISC 1202
Series F: NL 1602U.S. DOLLAR
Series A: DSC 1503
LL 1803
LL2 1003
Series B: ISC 1203
Series F: NL 1603
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 40
Fidelity International Disciplined Equity® Fund, Series FSector neutral. Actively managed. Fidelity International Disciplined Equity® Fund combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 6.77 1 4.98
3 month -9.30 2 -11.02
6 month -6.12 2 -8.29
1 year -4.66 2 -8.63
3 year 0.09 2 0.27
5 year 1.98 2 2.60
10 year 5.83 2 6.19
Since inception 2.26 — 3.57
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
$25,000
MAY-06 APR-20
FUNDBENCHMARK
$13,672
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
YTD20192018201720162015
-10.
96
-11.
68
19.7
1
15.3
7
-7.1
2
-6.4
7
14.7
2
18.8
4
-3.7
2
0.88
14.2
7
13.1
4
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 11.71 11.12
Beta 0.96 —
R2 0.92 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Alibaba Group – Consumer Discretionary
Nestlé – Consumer Staples
AstraZeneca – Health Care
Tencent Holdings – Communication Services
AIA Group – Financials
London Stock Exchange Group – Financials
Samsung Electronics – Information Technology
East Japan Railway – Industrials
Alfa Laval – Industrials
Linde – Materials
Total holdings 64
Top 10 holdings aggregate 33.7%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 90.9 91.2
Canadian Equities 6.9 7.2
Cash & Other 2.3 1.6
EQUITY SECTOR MIX (%)
Financials 18.2 22.0
Consumer Discretionary 11.9 11.3
Industrials 10.9 11.4
Health Care 10.6 8.4
Consumer Staples 10.4 9.7
Information Technology 10.3 8.3
Communication Services 7.0 6.9
Materials 6.9 7.4
Energy 5.2 7.0
Utilities 3.4 3.1
COUNTRY MIX3 (%)
Japan 13.2 11.8
United Kingdom 13.2 17.2
China 10.7 4.8
Canada 7.9 7.2
Germany 7.6 13.1
Switzerland 7.5 3.0
South Korea 4.6 4.1
France 4.6 6.8
Sweden 4.1 4.6
Hong Kong 3.2 3.2
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131. ■ 3 Includes cash.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerChandler Willett
Series inception dateMay 4, 2006
Fund benchmarkMSCI All Country World ex U.S. Index
NAVPU - Series F$10.88
Fund aggregate assets (all series)$314.3 million
Management expense ratio –Series F1.19%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryInternational Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1504
LL 1804
LL2 1004
Series B: ISC 1204
Series F: NL 1604
Series T8 (T-SWP): DSC 1514
LL 1814
LL2 1014
Series S8 (T-SWP): ISC 1214
Series T5 (T-SWP): DSC 1524
LL 1824
LL2 1324
Series S5 (T-SWP): ISC 1224U.S. DOLLAR
Series A: DSC 1505
LL 1805
LL2 1005
Series B: ISC 1205
Series F: NL 1605
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).41 ■ MarketPulse
Fidelity International Growth Fund, Series F
Covering a world of potential beyond our shores Fidelity International Growth Fund aims to achieve long-term capital growth by investing primarily in equity securities of companies located or operating in Europe, Australasia and the Far East.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 6.68 1 4.81
3 month -5.33 1 -6.41
6 month -0.02 1 -1.97
1 year 4.89 1 1.12
3 year 6.64 1 4.97
5 year 7.56 1 6.05
10 year 8.93 1 8.05
Since inception 2.79 — 3.74
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
OCT-00 APR-20
FUNDBENCHMARK
$17,149
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-4.3
9
-5.1
0
27.1
3
21.4
3
-4.5
3
-4.9
8
21.3
9
20.3
9
-6.5
9
-6.4
0
23.9
6
24.8
4
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 11.27 10.80
Beta 1.00 —
R2 0.92 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Nestlé – Consumer Staples
Roche Holding – Health Care
ASML Holding – Information Technology
SAP – Information Technology
CSL Limited – Health Care
AIA Group – Financials
Keyence – Information Technology
Linde – Materials
Visa – Information Technology
MasterCard – Information Technology
Total holdings 94
Top 10 holdings aggregate 37.2%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 95.2 95.7
Canadian Equities 1.8 2.5
Cash & Other 3.0 1.8
EQUITY SECTOR MIX (%)
Information Technology 23.9 22.2
Industrials 18.1 22.8
Financials 17.2 15.1
Health Care 12.6 9.7
Consumer Staples 7.3 7.2
Materials 7.1 7.5
Consumer Discretionary 5.9 8.2
Communication Services 3.8 3.9
Real Estate 1.1 1.3
COUNTRY MIX4 (%)
United States 22.6 21.4
Switzerland 13.7 10.0
Japan 12.3 13.8
Germany 6.0 6.8
United Kingdom 5.7 7.1
France 5.6 4.0
Hong Kong 4.6 3.4
Sweden 4.4 4.9
Netherlands 4.1 3.6
Australia 3.4 3.9
1 Prior to October 1, 2013, the Fund's benchmark was the MSCI All Country World ex U.S. Index. Prior to October 1, 2008, the Fund’s benchmark was the MSCI All Country World ex North America Index. Prior to April 2, 2007, the Fund’s benchmark was the MSCI EAFE Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Includes cash.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerJed Weiss
Series inception dateOctober 10, 2000
Fund benchmark1
MSCI EAFE Growth (N) Index
NAVPU - Series F$18.72
Fund aggregate assets (all series)$87.2 million
Management expense ratio –Series F1.19%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryInternational Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 570
LL 870
LL2 070
Series B: ISC 270
Series F: NL 670
Series T8 (T-SWP): DSC 2339
LL 2342
LL2 2344
Series S8 (T-SWP): ISC 3347
Series F8 (T-SWP): NL 3349
Series T5 (T-SWP): DSC 2338
LL 2341
LL2 2343
Series S5 (T-SWP): ISC 3346
Series F5 (T-SWP): NL 3348U.S. DOLLAR
Series A: DSC 470
LL 371
LL2 071
Series B: ISC 770
Series F: NL 671
Series T8 (T-SWP): DSC 2351
LL 2353
LL2 2355
Series S8 (T-SWP): ISC 2357
Series F8 (T-SWP): NL 2359
Series T5 (T-SWP): DSC 2350
LL 2352
LL2 2354
Series S5 (T-SWP): ISC 2356
Series F5 (T-SWP): NL 2358
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 42
Fidelity Japan Fund, Series F
Global strength combined with local expertise Fidelity Japan Fund has an established local market advantage in pursuing superior growth potential in one of the world’s largest markets.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND BENCHMARK
1 month 5.66 2.80
3 month -2.85 -6.31
6 month -0.66 -4.83
1 year 4.08 -0.10
3 year 4.52 2.80
5 year 4.96 5.73
10 year 5.76 8.33
Since inception -0.92 1.34
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
OCT-00 APR-20
FUNDBENCHMARK
$8,348
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
40%
YTD20192018201720162015
-3.7
8
-6.2
4
19.6
0
13.2
2
-10.
46
-5.9
6
19.4
7
18.2
4
-5.3
1
-0.1
2
25.7
1
33.9
5
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 13.24 10.46
Beta 1.12 —
R2 0.80 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Sony – Consumer Discretionary
Daiichi Sankyo – Health Care
Hitachi – Information Technology
Hoya – Health Care
Chugai Pharmaceutical – Health Care
Lasertec – Information Technology
Misumi Group – Industrials
Keyence – Information Technology
Tokio Marine Holdings – Financials
Itochu – Industrials
Total holdings 46
Top 10 holdings aggregate 43.1%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 96.8 97.1
Cash & Other 3.2 2.9
EQUITY SECTOR MIX (%)
Industrials 25.0 25.7
Information Technology 18.5 10.5
Health Care 18.3 14.7
Consumer Discretionary 16.4 13.5
Financials 8.9 5.0
Consumer Staples 4.4 8.4
Communication Services 2.9 9.8
Materials 2.5 5.3
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerEileen Dibb
Series inception dateOctober 10, 2000
Fund benchmarkTokyo Stock Exchange Index (TOPIX)
NAVPU - Series F$14.78
Fund aggregate assets (all series)$44.0 million
Management expense ratio –Series F1.16%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categoryGeographic Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 821
LL 320
LL2 022
Series B: ISC 220
Series F: NL 620U.S. DOLLAR
Series A: DSC 823
LL 813
LL2 023
Series B: ISC 720
Series F: NL 619
EQUITY FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).43 ■ MarketPulse
Fidelity NorthStar® Fund, Series F
An open mandate with a focus on the best investment ideas Fidelity NorthStar® Fund has an open mandate to seek the best ideas wherever they may lie, based on the convictions of veteran managers.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND
1 month 11.23
3 month -3.09
6 month 0.50
1 year -2.33
3 year -0.87
5 year 3.14
10 year 8.83
Since inception 7.78
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$10,000
$20,000
$30,000
$40,000
$50,000
OCT-02 APR-20
$37,076
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-4.0
0
6.11
-4.0
2
5.34
-0.8
3
26.3
7
Fund risk measures1Fund risk measures1
FUND
Annual Standard Deviation2 10.53
Beta 0.76
R2 0.81
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Ottogi – Consumer Staples
Imperial Brands – Consumer Staples
Microsoft – Information Technology
Gilead Sciences – Health Care
Itochu – Industrials
Seria – Consumer Discretionary
Amazon.com – Consumer Discretionary
Anthem – Health Care
Simplo Technology – Information Technology
Fukuda Denshi – Health Care
Total holdings 628
Top 10 holdings aggregate 18.5%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 91.6 81.0
Canadian Equities 4.7 3.3
Cash & Other 3.7 15.7
EQUITY SECTOR MIX (%)
Information Technology 17.9 11.9
Consumer Discretionary 16.6 14.1
Health Care 12.5 11.6
Industrials 12.3 8.4
Consumer Staples 12.2 13.8
Communication Services 8.8 6.4
Energy 6.0 2.1
Financials 5.2 8.0
Materials 2.5 6.9
Utilities 1.5 0.0
COUNTRY MIX3 (%)
United States 32.8 28.7
Japan 18.9 12.9
South Korea 10.9 9.4
Canada 5.8 3.3
China 5.0 3.8
United Kingdom 4.8 7.8
Taiwan 3.0 3.2
France 2.9 4.7
Netherlands 1.4 1.4
Greece 1.3 0.0
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131. ■ 3 Includes cash
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managersDaniel DupontJoel TillinghastKyle Weaver
Associate portfolio managerConnor Gordon
Series inception dateOctober 31, 2002
Fund benchmarkNone
NAVPU - Series F$28.70
Fund aggregate assets (all series)$4.060 billion
Management expense ratio –Series F1.19%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Small/Mid Cap Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 553
LL 853
LL2 053
Series B: ISC 253
Series F: NL 653
Series T8 (T-SWP): DSC 562
LL 353
LL2 343
Series S8 (T-SWP): ISC 262
Series F8 (T-SWP): NL 1789
Series T5 (T-SWP): DSC 1562
LL 1862
LL2 1362
Series S5 (T-SWP): ISC 1262
Series F5 (T-SWP): NL 1788U.S. DOLLAR
Series A: DSC 489
LL 319
LL2 398
Series B: ISC 789
Series F: NL 689
Series F8 (T-SWP): NL 1967
Series F5 (T-SWP): NL 1966
EQUITY SECTOR FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 44
Fidelity Global Consumer Industries Fund, Series FA focused approach to investing in a broad sector with growth potential Fidelity Global Consumer Industries Fund delivers targeted exposure to dynamic growth opportunities across the global consumer sector.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND BENCHMARK1
1 month 8.62 8.64
3 month 0.10 -3.50
6 month 4.93 0.46
1 year 4.69 1.29
3 year 8.77 5.67
5 year 10.79 8.44
10 year 13.57 13.36
Since inception 8.07 7.51
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$15,000
$30,000
$45,000
$60,000
OCT-00 APR-20
FUNDBENCHMARK
$45,678
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
1.29
-2.3
2
20.9
1
19.2
5
0.69
-0.5
3
21.6
3
14.4
8
-3.0
8
-0.7
5
24.8
6
25.9
9
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 11.67 11.25
Beta 0.92 —
R2 0.87 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Amazon.com – Internet & Direct Marketing Retail
Nestlé – Food Products
Alibaba Group – Internet & Direct Marketing Retail
LVMH – Textiles, Apparel & Luxury Goods
Walmart – Food & Staples Retailing
L'Oréal – Personal Products
Nike – Textiles, Apparel & Luxury Goods
Coca Cola – Beverages
Colgate-Palmolive – Household Products
Alphabet – Interactive Media & Services
Total holdings 56
Top 10 holdings aggregate 52.6%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 98.3 96.8
Other Investments 0.1 0.0
Canadian Equities 0.0 1.3
Cash & Other 1.6 1.9
EQUITY SECTOR MIX (%)
Internet & Direct Marketing Retail 21.0 19.0
Textiles, Apparel & Luxury Goods 17.7 20.9
Personal Products 10.8 11.8
Beverages 9.4 12.4
Food Products 7.6 6.1
COUNTRY MIX (%)
United States 42.4 40.2
France 16.2 15.2
China 10.9 6.3
Switzerland 6.8 6.5
United Kingdom 6.8 8.7
Germany 4.6 5.3
Japan 3.8 4.1
South Africa 2.3 2.1
Italy 1.9 2.7
Netherlands 1.4 1.7
1 Prior to November 1, 2006, the Fund’s benchmark was the FTSE Global Consumer Industries Customized Index. Prior to June 1, 2003, the benchmark was the Goldman Sachs Consumer Industries Index. Prior to June 2, 2003, the Fund’s investment objective was investing primarily in companies anywhere in the world. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerAneta Wynimko
Series inception dateOctober 10, 2000
Fund benchmark1
MSCI AC World Consumer Industries Index
NAVPU - Series F$63.47
Fund aggregate assets (all series)$81.4 million
Management expense ratio –Series F1.20%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categorySector Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 512
LL 812
LL2 012
Series B: ISC 212
Series F: NL 612U.S. DOLLAR
Series A: DSC 591
LL 891
LL2 091
Series B: ISC 291
Series F: NL 691
EQUITY SECTOR FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).45 ■ MarketPulse
Fidelity Global Financial Services Fund, Series F
A focused approach to a sector that offers the potential for long-term capital growth Fidelity Global Financial Services Fund delivers targeted exposure to dynamic growth opportunities across the global financial services industry.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 7.36 2 4.45
3 month -17.82 1 -20.60
6 month -13.44 1 -18.10
1 year -14.12 1 -19.12
3 year -0.97 1 -3.42
5 year 3.77 2 1.53
10 year 8.23 1 6.40
Since inception 4.64 — 2.96
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
OCT-00 APR-20
FUNDBENCHMARK
$24,298
Calendar year performanceCalendar year performance
-30%
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-18.
35
-21.
68
17.9
3
17.0
2
-7.3
0
-8.0
6
17.4
6
15.9
3
3.36
6.10
22.6
0
13.8
1
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 15.75 15.57
Beta 0.97 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
J. P. Morgan Chase – Banks
Bank of America – Banks
AIA Group – Insurance
Morgan Stanley – Capital Markets
Allianz – Insurance
Intercontinental Exchange – Capital Markets
Berkshire Hathaway – Diversified Financial Services
AXA – Insurance
Citigroup – Banks
Fidelity National Information Services – IT Services
Total holdings 76
Top 10 holdings aggregate 30.8%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 98.4 98.8
Cash & Other 1.6 1.2
EQUITY SECTOR MIX (%)
Insurance 27.8 27.1
Banks 24.6 47.5
Capital Markets 17.5 6.8
IT Services 8.6 4.1
Diversified Financial Services 6.9 8.7
COUNTRY MIX (%)
United States 51.6 46.3
China 7.1 6.3
France 6.8 5.9
Germany 6.0 5.7
Japan 5.2 4.2
United Kingdom 5.1 6.6
Switzerland 3.9 1.4
Hong Kong 3.8 3.2
India 2.5 2.6
Brazil 1.2 1.5
1 Prior to October 1, 2006, the Fund’s benchmark was the FTSE Global Financial Services Customized Index. Prior to June 1, 2003, the benchmark was the Goldman Sachs Financial Services Index. Prior to June 2, 2003, the Fund’s investment objective was investing primarily in U.S. companies. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerSotiris Boutsis
Series inception dateOctober 10, 2000
Fund benchmark1
MSCI AC World Financials Index
NAVPU - Series F$30.08
Fund aggregate assets (all series)$41.7 million
Management expense ratio –Series F1.19%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categoryFinancial Services Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 548
LL 848
LL2 048
Series B: ISC 248
Series F: NL 608U.S. DOLLAR
Series A: DSC 588
LL 388
LL2 088
Series B: ISC 288
Series F: NL 688
EQUITY SECTOR FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 46
Fidelity Global Health Care Fund, Series F
A focused approach to a sector that offers the potential for long-term capital growth Fidelity Global Health Care Fund delivers targeted exposure to dynamic growth opportunities across the global health care industry.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND BENCHMARK1
1 month 10.76 8.98
3 month 3.44 5.59
6 month 11.12 13.35
1 year 19.36 19.52
3 year 12.03 11.49
5 year 9.45 9.81
10 year 14.80 16.46
Since inception 6.19 7.07
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
$50,000
OCT-00 APR-20
FUNDBENCHMARK
$32,404
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
3.67
6.19
19.6
5
17.0
7
15.1
6
11.4
3
12.1
8
12.8
1
-14.
20
-9.5
9
28.0
5
28.1
0
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 11.38 11.08
Beta 0.95 —
R2 0.90 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Roche Holding – Pharmaceuticals
UnitedHealth Group – Health Care Providers & Services
Humana – Health Care Providers & Services
CSL Limited – Biotechnology
Baxter International – Health Care Equipment & Supplies
Thermo Fisher Scientific – Life Sciences Tools & Services
Abbott Laboratories – Health Care Equipment & Supplies
Novo-Nordisk – Pharmaceuticals
AbbVie – Biotechnology
Vertex Pharmaceuticals – Biotechnology
Total holdings 56
Top 10 holdings aggregate 39.6%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 96.5 96.8
Other Investments 0.2 0.0
Cash & Other 3.3 3.2
EQUITY SECTOR MIX (%)
Pharmaceuticals 24.0 27.6
Biotechnology 22.8 10.9
Health Care Equipment & Supplies 19.9 38.7
Life Sciences Tools & Services 16.4 10.1
Health Care Providers & Services 13.6 9.3
COUNTRY MIX (%)
United States 65.7 63.6
Switzerland 10.9 11.0
United Kingdom 4.8 6.7
Denmark 4.0 3.0
Australia 3.7 5.3
Ireland 3.0 1.3
Japan 2.3 0.0
Spain 1.2 1.8
1 Prior to October 1, 2006, the Fund’s benchmark was the FTSE Global Health Care Customized Index. Prior to June 1, 2003, the benchmark was the Goldman Sachs Health Care Index. Prior to June 2, 2003, the Fund’s investment objective was to invest primarily in U.S. companies. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managersAlex GoldAmit LadhaJudith Finegold (co-portfolio manager)
Series inception dateOctober 10, 2000
Fund benchmark1
MSCI AC World Health Care Index
NAVPU - Series F$64.54
Fund aggregate assets (all series)$173.1 million
Management expense ratio –Series F1.17%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categorySector Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 599
LL 899
LL2 099
Series B: ISC 299
Series F: NL 699U.S. DOLLAR
Series A: DSC 540
LL 840
LL2 344
Series B: ISC 240
Series F: NL 640
EQUITY SECTOR FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).47 ■ MarketPulse
Fidelity Global Natural Resources Fund, Series F
A focused approach to a sector that offers the potential for long-term capital growth Fidelity Global Natural Resources Fund delivers targeted exposure to dynamic growth opportunities across the global natural resources industry.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 14.35 4 12.03
3 month -14.58 2 -16.45
6 month -14.81 2 -17.00
1 year -19.72 2 -21.92
3 year -4.84 1 -4.24
5 year -2.38 2 -0.86
10 year 2.60 1 2.50
Since inception 4.79 — 3.74
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
OCT-00 APR-20
FUNDBENCHMARK
$24,957
Calendar year performanceCalendar year performance
-30%
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-19.
60
-21.
07
11.7
6
11.0
1
-8.8
5
-6.2
7
3.55
9.34
12.4
2
22.3
5
-1.9
7
-3.1
7
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 18.69 17.78
Beta 0.98 —
R2 0.94 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Air Products & Chemicals – Chemicals
Chevron – Oil, Gas & Consumable Fuels
Sherwin-Williams – Chemicals
Royal Dutch Shell – Oil, Gas & Consumable Fuels
Total – Oil, Gas & Consumable Fuels
Brookfield Renewable Partners – Independent Power and Renewable Electricity Producers
BP – Oil, Gas & Consumable Fuels
Ball Corp. – Containers & Packaging
Wheaton Precious Metals – Metals & Mining
Barrick Gold – Metals & Mining
Total holdings 44
Top 10 holdings aggregate 50.0%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 65.1 66.6
Canadian Equities 28.5 32.2
Cash & Other 6.3 1.2
EQUITY SECTOR MIX (%)
Oil, Gas & Consumable Fuels 40.9 55.4
Chemicals 21.2 16.4
Metals & Mining 18.0 14.1
Construction Materials 4.8 4.3
Independent Power & Renewable Electricity Producers 4.1 0.0
COUNTRY MIX (%)
United States 50.1 43.3
Canada 29.2 33.8
United Kingdom 7.8 15.6
France 3.9 3.7
India 2.8 2.4
1 Prior to November 1, 2006, the Fund’s benchmark was the FTSE Global Natural Resources Customized Index. Prior to June 1, 2003, the benchmark was the Goldman Sachs Natural Resources Index. Prior to June 2, 2003, the Fund’s investment objective was to invest primarily in U.S. companies. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managersDarren LekkerkerkerJoe Overdevest
Series inception dateOctober 10, 2000
Fund benchmark1
MSCI AC World Natural Resources Index
NAVPU - Series F$31.82
Fund aggregate assets (all series)$61.3 million
Management expense ratio –Series F1.18%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categoryNatural Resources Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 577
LL 877
LL2 077
Series B: ISC 277
Series F: NL 677U.S. DOLLAR
Series A: DSC 550
LL 850
LL2 050
Series B: ISC 250
Series F: NL 650
EQUITY SECTOR FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 48
Fidelity Global Real Estate Fund, Series F
Low correlation and diversification Fidelity Global Real Estate Fund offers the potential to generate a combination of income and capital appreciation through investments in global real estate securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 5.74 2 5.89
3 month -16.45 2 -20.19
6 month -14.27 2 -19.73
1 year -7.64 2 -14.29
3 year 1.98 2 -1.35
5 year 4.44 1 2.49
10 year 9.09 1 8.30
Since inception 4.34 — 4.36
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$10,000
$20,000
$30,000
MAY-06 APR-20
FUNDBENCHMARK
$18,136
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-13.
46
-17.
98
18.9
1
15.9
6
2.97
2.49
5.57
3.32
-1.9
9
0.98
21.6
7
18.1
6
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 13.57 15.07
Beta 0.89 —
R2 0.99 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Prologis REIT – Equity Real Estate Investment Trust
Digital Realty Trust – Equity Real Estate Investment Trust
UDR – Equity Real Estate Investment Trust
Duke Realty – Equity Real Estate Investment Trust
LEG Immobilien – Real Estate Management & Development
Mitsui Fudosan – Real Estate Management & Development
Vonovia – Real Estate Management & Development
Boston Properties – Equity Real Estate Investment Trust
Equity Lifestyle Properties – Equity Real Estate Investment Trust
ParkwayLife REIT – Equity Real Estate Investment Trust
Total holdings 77
Top 10 holdings aggregate 34.6%
ALLOCATION,2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 95.9 96.9
Canadian Equities 2.0 2.0
Cash & Other 2.1 1.1
COUNTRY MIX (%)
United States 52.3 51.0
Japan 10.1 10.7
Germany 7.4 5.4
Singapore 5.7 4.7
United Kingdom 4.9 5.0
Australia 4.3 5.2
Hong Kong 3.8 7.5
France 2.7 2.0
Ireland 2.2 3.0
Canada 2.0 2.0
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerSteven Buller
Series inception dateMay 4, 2006
Fund benchmarkFTSE EPRA/NAREIT Developed (N) Index
NAVPU - Series F$14.22
Fund aggregate assets (all series)$136.2 million
Management expense ratio –Series F1.20%, as at September 30, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryReal Estate Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 1501
LL 1801
LL2 1001
Series B: ISC 1201
Series F: NL 1601
Series T8 (T-SWP): DSC 1521
LL 1821
LL2 1321
Series S8 (T-SWP): ISC 1221
Series F8 (T-SWP): NL 1795
Series T5 (T-SWP): DSC 1531
LL 1831
LL2 1331
Series S5 (T-SWP): ISC 1231
Series F5 (T-SWP): NL 1794U.S. DOLLAR
Series A: DSC 1510
LL 1810
LL2 1010
Series B: ISC 1210
Series F: NL 1610
EQUITY SECTOR FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).49 ■ MarketPulse
Fidelity Technology Innovators Fund1, Series F
A focused approach to a high-growth sector Fidelity Technology Innovators Fund delivers targeted exposure to dynamic growth opportunities across the global technology sector.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND BENCHMARK2
1 month 13.12 10.48
3 month 1.14 0.01
6 month 11.16 13.69
1 year 14.97 18.08
3 year 18.34 19.25
5 year 21.36 19.91
10 year 19.06 18.34
Since inception 4.51 4.65
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
OCT-00 APR-20
FUNDBENCHMARK
$23,691
Calendar year performanceCalendar year performance
0%
10%
20%
30%
40%
50%
YTD20192018201720162015
3.36
4.78
38.2
6
40.0
6
5.21
3.04
28.6
0
32.9
2
15.4
0
8.81
31.7
3
24.3
0
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 16.72 16.11
Beta 0.95 —
R2 0.88 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Apple – Technology Hardware, Storage & Peripherals
Samsung Electronics – Technology Hardware, Storage & Peripherals
Alphabet – Interactive Media & Services
KLA Corporation – Semiconductors & Semiconductor Equipment
Microsoft – Software
Western Digital – Technology Hardware, Storage & Peripherals
Intel – Semiconductors & Semiconductor Equipment
SAP – Software
Xilinx – Semiconductors & Semiconductor Equipment
SoftBank Group – Wireless Telecommunication Services
Total holdings 69
Top 10 holdings aggregate 39.7%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 98.1 96.1
Cash & Other 1.9 3.9
EQUITY SECTOR MIX (%)
Semiconductors & Semiconductor Equipment 22.5 21.7
Software 16.5 16.4
Computers & Peripherals 15.5 13.9
Interactive Media & Services 11.2 13.1
Communications Equipment 7.3 3.6
COUNTRY MIX (%)
United States 69.3 60.1
Japan 7.2 7.1
South Korea 5.7 7.6
Germany 4.5 7.0
Netherlands 2.8 3.2
Taiwan 2.3 2.5
Sweden 2.2 1.1
China 2.0 4.5
1 On November 1, 2017, Fidelity Global Technology Fund was renamed Fidelity Technology Innovators Fund. ■ 2 Prior to October 1, 2006, the Fund’s benchmark was the FTSE Global Technology Customized Index. Prior to June 1, 2003, the benchmark was the Goldman Sachs Technology Index. Prior to June 2, 2003, the Fund’s investment objective was to invest primarily in U.S. companies. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerHyun Ho Sohn
Series inception dateOctober 10, 2000
Fund benchmark2
MSCI All Country World Information Technology Index
NAVPU - Series F$57.93
Fund aggregate assets (all series)$309.7 million
Management expense ratio –Series F1.18%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categorySector Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 597
LL 397
LL2 097
Series B: ISC 297
Series F: NL 697U.S. DOLLAR
Series A: DSC 560
LL 860
LL2 060
Series B: ISC 260
Series F: NL 660
EQUITY SECTOR FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 50
Fidelity Global Telecommunications Fund, Series FA focused approach to a sector that offers the potential for long-term capital growth Fidelity Global Telecommunications Fund delivers targeted exposure to dynamic growth opportunities across the global telecommunications sector.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND BENCHMARK1
1 month 5.24 3.47
3 month -5.55 -4.67
6 month -7.24 -4.42
1 year -5.72 -1.35
3 year -1.63 -0.60
5 year 0.34 1.70
10 year 7.24 8.24
Since inception 1.88 1.75
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
OCT-00 APR-20
FUNDBENCHMARK
$13,635
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-6.3
1
-4.1
7
4.16
18.7
9
-0.5
2
-2.0
1
1.52
1.48
-4.8
4
2.19
21.0
5
18.2
5
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 9.89 8.21
Beta 1.15 —
R2 0.91 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Verizon Communications – Diversified Telecom Services
AT&T – Diversified Telecom Services
China Mobile – Wireless Telecom Services
Deutsche Telekom – Diversified Telecom Services
SoftBank Group – Wireless Telecom Services
Nippon Telegraph & Telephone – Diversified Telecom Services
KDDI – Wireless Telecom Services
Orange – Diversified Telecom Services
Singapore Telecom – Diversified Telecom Services
HKBN – Diversified Telecom Services
Total holdings 35
Top 10 holdings aggregate 58.3%
ALLOCATION,3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 94.7 97.6
Cash & Other 5.3 2.5
EQUITY SECTOR MIX (%)
Diversified Telecommunication Services 61.5 62.9
Wireless Telecommunication Services 29.2 30.9
Equity Real Estate Investment Trust 1.8 1.2
Communications Equipment 1.8 1.7
COUNTRY MIX (%)
United States 21.8 22.6
Japan 14.9 13.2
China 8.6 9.4
Germany 6.7 6.8
United Kingdom 5.6 7.9
Hong Kong 5.3 5.4
Singapore 4.7 4.8
France 4.7 5.4
New Zealand 3.5 2.6
Netherlands 2.7 3.1
1 As of March 30, 2020, the Fund will be closed to new investors. The Fund will remain available to existing investors including those with systematic purchase and exchange programs in connection with the Fund. ■ 2 Prior to October 1, 2006, the Fund’s benchmark was the FTSE Global Telecommunications customized index. Prior to June 1, 2003, the benchmark was the Goldman Sachs Global Telecommunications Index. ■ 3 Risk measures are based on 3-year net returns (Series F).
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Fund factsPortfolio managerAditya Shivram
Series inception dateOctober 10, 2000
Fund benchmark1
MSCI All Country World Telecommunications Index
NAVPU - Series F$7.03
Fund aggregate assets (all series)$3.7 million
Management expense ratio –Series F1.20%, as at September 30, 2019
Also offered throughCorporate Class
Morningstar fund categorySector Equity
Fund CodesCANADIAN DOLLAR
Series A: DSC 592
LL 892
LL2 092
Series B: ISC 292
Series F: NL 692U.S. DOLLAR
Series A: DSC 492
LL 393
LL2 093
Series B: ISC 792
Series F: NL 693
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).51 ■ MarketPulse
Fidelity Canadian Asset Allocation Fund, Series FMaximizing risk-adjusted return potential through tactical asset allocation Fidelity Canadian Asset Allocation Fund offers the flexibility of tactical asset allocation to deliver maximized risk-adjusted return potential in a core fund offering.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 8.05 1 8.15
3 month -6.27 1 -8.14
6 month -2.80 2 -4.00
1 year -0.24 1 -2.27
3 year 2.87 1 2.53
5 year 3.43 1 2.97
10 year 4.99 2 4.88
Since inception 5.76 — 5.07
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
OCT-00 APR-20
FUNDBENCHMARK
$29,890
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-4.6
0
-6.2
9
15.2
1
16.8
8
-2.8
5
-5.2
9
6.11
6.68
8.31
13.9
2
0.40
-4.3
6
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 9.67 10.76
Beta 0.89 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Royal Bank of Canada – Financials
iShares Comex Gold Trust ETF – Materials
Toronto-Dominion Bank – Financials
TC Energy – Energy
Brookfield Asset Management – Financials
Bank of Nova Scotia – Financials
Restaurant Brands International – Consumer Discretionary
BCE – Communication Services
Barrick Gold – Materials
Constellation Software – Information Technology
Total holdings 1,483
Top 10 holdings aggregate 25.7%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 51.0 53.2
Canadian Bonds 25.0 25.3
Foreign Equities 17.1 13.5
Foreign Bonds 1.7 1.2
High Yield Bonds 1.0 0.5
Other Investments 0.1 0.1
Cash & Other 4.1 6.2
EQUITY SECTOR MIX4 (%)
Financials 17.7 18.2
Materials 13.1 7.8
Energy 8.9 12.9
Consumer Discretionary 7.6 4.8
Information Technology 4.9 3.8
Consumer Staples 4.5 7.3
Communication Services 4.1 4.5
Utilities 3.5 2.8
Industrials 2.0 0.0
Real Estate 1.5 2.0
1 The blended index is 65% S&P/TSX Capped Composite Index, 30% FTSE Canada Universe Bond Index and 5% FTSE Canada 91 Day T-Bill Index. Prior to July 1, 2006, the bond portion of the blended index was the RBC CM Canadian Bond Market Index. Prior to January 1, 2001, the benchmark of the equity portion of the blended index was the TSE 300 Composite Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Percentage of total assets in equity sector.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersHugo Lavallée (equities)Darren Lekkerkerker (equities)Don Newman (equities)Joe Overdevest (equities)Catriona Martin (fixed-income)Sri Tella (fixed-income) Harley J. Lank (high-yield)
Series inception dateOctober 10, 2000
Fund benchmarkBlended index1
NAVPU - Series F$28.45
Fund aggregate assets (all series)$3.811 billion
Management expense ratio –Series F1.10%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Equity Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 581
LL 381
LL2 081
Series B: ISC 281
Series F: NL 681
Series T8 (T-SWP): DSC 589
LL 889
LL2 089
Series S8 (T-SWP): ISC 289
Series F8 (T-SWP): NL 1833
Series T5 (T-SWP): DSC 1589
LL 1889
LL2 1389
Series S5 (T-SWP): ISC 1289
Series F5 (T-SWP): NL 1799
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 52
Fidelity Canadian Balanced Fund, Series F
A balanced approach to growth Fidelity Canadian Balanced Fund targets fixed asset allocation to deliver superior long-term growth potential and reduced levels of risk in a core fund.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 7.97 1 7.18
3 month -5.68 1 -6.38
6 month -1.24 1 -2.53
1 year 1.23 1 -0.51
3 year 3.85 1 2.93
5 year 4.23 1 3.55
10 year 6.98 1 5.39
Since inception 6.96 — 5.43
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
$50,000
OCT-00 APR-20
FUNDBENCHMARK
$37,281
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-3.0
5
-4.2
9
15.4
2
14.9
7
-2.3
6
-3.2
9
6.13
5.62
6.68
12.3
5
4.75
-1.5
0
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 9.72 9.19
Beta 1.03 —
R2 0.96 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Royal Bank of Canada – Financials
Canadian Pacific Railway – Industrials
Brookfield Asset Management – Financials
Toronto-Dominion Bank – Financials
Barrick Gold – Materials
TC Energy – Energy
Suncor Energy – Energy
Shopify – Information Technology
Thomson Reuters – Industrials
Bank of Nova Scotia – Financials
Total holdings 1,006
Top 10 holdings aggregate 24.6%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 43.9 42.3
Canadian Bonds 35.2 36.4
High Yield Bonds 7.2 7.4
Foreign Equities 6.8 7.9
Foreign Bonds 4.9 3.8
Other Investments 0.1 0.1
Cash & Other 1.9 2.1
EQUITY SECTOR MIX4 (%)
Financials 12.2 11.4
Information Technology 7.4 7.6
Industrials 7.2 7.7
Materials 6.4 6.1
Energy 5.3 7.2
Consumer Discretionary 4.7 3.8
Consumer Staples 2.4 2.6
Health Care 2.3 1.9
Utilities 1.2 0.0
Communication Services 1.0 0.0
1 The blended index is 50% S&P/TSX Capped Composite Index, 40% FTSE Canada Universe Bond Index and 10% ICE BofA/ML U.S. High Yield Constrained Index. Prior to February 1, 2012, the U.S. high-yield bond portion of the blended index was the ICE BofA/ML U.S. High-Yield Master II Constrained Index. Prior to July 1, 2006, the bond portion of the blended index was the RBC CM Canadian Bond Market Index and the U.S. high-yield bond portion of the blended index was the Merrill Lynch U.S. High Yield Master II Index. Prior to January 1, 2001, the equity portion of the blended index was the TSE 300 Composite Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Percentage of total assets in equity sector.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersDarren Lekkerkerker (equities)Catriona Martin (fixed-income)Sri Tella (fixed-income)Harley J. Lank (high-yield)
Series inception dateOctober 10, 2000
Fund benchmarkBlended index1
NAVPU - Series F$23.17
Fund aggregate assets (all series)$6.097 billion
Management expense ratio –Series F0.92%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Neutral Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 582
LL 382
LL2 082
Series B: ISC 282
Series F: NL 682
Series T8 (T-SWP): DSC 579
LL 369
LL2 087
Series S8 (T-SWP): ISC 279
Series F8 (T-SWP): NL 1837
Series T5 (T-SWP): DSC 1579
LL 1879
LL2 1379
Series S5 (T-SWP): ISC 1279
Series F5 (T-SWP): NL 1836
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).53 ■ MarketPulse
Fidelity Income Allocation Fund1, Series F
Tactical allocation among income-oriented asset classes Fidelity Income Allocation Fund offers exposure to multiple fixed income asset classes and income-oriented equities and aims to provide investors with monthly yield and total return potential in a tactical asset allocation fund.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 4.85 2 4.75
3 month -2.01 1 -3.09
6 month 1.02 1 0.31
1 year 4.25 1 3.69
3 year 3.28 1 3.99
5 year 3.83 1 4.35
10 year 6.12 1 5.98
Since inception 7.98 — 6.49
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
MAY-05 APR-20
FUNDBENCHMARK
$31,499
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
0.77
-0.2
8
8.82
11.9
7
1.36
0.35
2.22
4.08
4.83
8.53
5.27
0.98
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 5.82 6.36
Beta 0.89 —
R2 0.94 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares 20+ Year Treasury Bond ETF – Financials
iShares Comex Gold Trust ETF – Materials
BCE – Communication Services
Suncor Energy – Energy
iShares Core MSCI EAFE ETF – Multi Sector
Bank of Nova Scotia – Financials
Toronto-Dominion Bank – Financials
Enbridge – Energy
Imperial Brands – Consumer Staples
Fortis – Utilities
Total holdings 2,361
Top 10 holdings aggregate 17.4%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 42.3 48.9
Canadian Equities 18.2 14.0
Foreign Equities 16.9 9.1
Foreign Bonds 7.9 9.1
High Yield Bonds 6.6 7.9
Investment Grade CMBS 1.7 1.6
Other Investments 0.8 0.8
Cash & Other 5.7 8.6
EQUITY SECTOR MIX5 (%)
Financials 6.9 2.4
Energy 5.9 2.6
Materials 5.1 1.4
Communication Services 3.6 3.8
Utilities 2.9 2.3
Real Estate 2.7 2.3
Consumer Staples 2.4 2.5
Multi Sector 1.9 1.9
Information Technology 1.2 1.8
Industrials 1.1 1.1
1 In July 2010 (“July”), Fidelity Monthly High Income Fund’s investment objective changed to permit the Fund to invest, either directly or indirectly, primarily in a mix of investment grade fixed income securities, higher yielding lower quality fixed income securities, dividend-paying equity securities and other securities that are expected to distribute income. The Fund was previously required to invest, either directly or indirectly, primarily in income trusts, fixed income securities, higher yielding lower quality fixed income securities, dividend-paying equity securities and other securities that are expected to distribute income. If the change had been in effect prior to July, the Fund’s performance could have been materially different. In July, Fidelity Monthly High Income Fund was renamed Fidelity Income Allocation Fund. ■ 2 The blended index is 60% FTSE Canada Universe Bond Index; 12% market capitalization-weighted blend of four S&P/TSX Industry Groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs); 10.5% S&P/TSX 60 Capped Index; 10% ICE BofA/ML U.S. High Yield Master II Index; 4.5% S&P 500 Index; 3% S&P U.S. REIT Composite Index. Prior to April 1, 2016, the blended index was comprised of 60% FTSE Canada Universe Bond Index; 15% MSCI Canada Value Index; 12% market capitalization-weighted blend of four S&P/TSX Industry Groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs); 10% ICE BofA/ML U.S. High Yield Master II Index; 3% S&P U.S. REIT Composite Index. Prior to August 1, 2010 the Fund’s benchmark was a blend of 60% S&P/TSX Capped Income Trust Index; 15% Merrill Lynch U.S. High Yield Master II Constrained Index; 15% FTSE Canada Universe Bond Index; and 10% MSCI Canada Value Capped Index. Prior to July 1, 2006 the bond portion of the blended index was the RBC CM Canadian Bond Market Index and the U.S. high-yield bond portion of the blended index was the Merrill Lynch U.S. High Yield Master II Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131. ■ 5 Percentage of total assets in equity sector.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersDaniel Dupont (equities)Don Newman (equities)Catriona Martin (fixed-income)Sri Tella (fixed-income)Harley J. Lank (high-yield)1
Series inception dateMay 25, 2005
Fund benchmarkBlended index2
NAVPU - Series F$15.66
Fund aggregate assets (all series)$2.266 billion
Management expense ratio –Series F0.89%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryCanadian Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 594
LL 394
LL2 094
Series B: ISC 294
Series F: NL 613
Series T8 (T-SWP): DSC 513
LL 313
LL2 013
Series S8 (T-SWP): ISC 213
Series F8 (T-SWP): NL 1753
Series T5 (T-SWP): DSC 782
LL 783
LL2 784
Series S5 (T-SWP): ISC 781
Series F5 (T-SWP): NL 1752
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 54
Fidelity Monthly Income Fund, Series F
The best of income and growth Fidelity Monthly Income Fund offers a unique combination of high yielding equity and fixed-income securities, actively managed to aim to deliver a balance of income and growth.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK1
1 month 6.31 2 6.05
3 month -6.35 2 -7.49
6 month -2.69 2 -3.34
1 year 0.24 1 -0.27
3 year 2.17 2 3.56
5 year 3.44 1 4.19
10 year 6.53 1 6.50
Since inception 7.66 — 6.82
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
$50,000
NOV-03 APR-20
FUNDBENCHMARK
$33,757
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-4.2
7
-5.2
1
12.5
4
16.4
5
-1.1
7
-2.0
1
3.43
7.04
8.00
13.7
2
2.56
-3.8
5
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 7.89 8.88
Beta 0.87 —
R2 0.96 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
BCE – Communication Services
Suncor Energy – Energy
Toronto-Dominion Bank – Financials
iShares Comex Gold Trust ETF – Materials
Bank of Nova Scotia – Financials
Imperial Brands – Consumer Staples
Royal Bank of Canada – Financials
Canadian Natural Resources – Energy
Enbridge – Energy
TC Energy – Energy
Total holdings 2,616
Top 10 holdings aggregate 18.3%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 35.6 30.4
Canadian Bonds 22.9 25.2
Foreign Equities 10.1 9.7
Foreign Bonds 9.8 11.6
High Yield Bonds 8.4 8.6
Convertibles 4.1 4.2
Investment Grade CMBS 1.4 1.3
Other Investments 0.6 0.7
Cash & Other 7.1 8.3
EQUITY SECTOR MIX5 (%)
Energy 11.1 3.1
Financials 7.3 4.8
Communication Services 6.4 6.8
Consumer Staples 4.9 4.7
Utilities 4.0 3.7
Real Estate 3.5 3.1
Materials 3.4 3.0
Information Technology 3.3 4.8
Industrials 2.7 2.6
Health Care 1.8 1.3
1 The blended benchmark is comprised of 31% FTSE Canada Universe Bond Index; 21% S&P/TSX 60 Capped Index; 13.6% market capitalization-weighted blend of four S&P/TSX Industry Groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs); 12% ICE BofA/ML U.S. High Yield Master II Constrained (Hedged CAD); 9% S&P 500 Index; 5% ICE BofA/ML All U.S. Convertibles (Hedged CAD); 5% J.P. Morgan EMBI Global Diversified (Hedged CAD) and 3.4% S&P U.S. REIT Composite Index. Prior to April 1, 2016, the blended benchmark was comprised of 31% FTSE Canada Universe Bond Index; 30% MSCI Canada Value Index; 13.6% market capitalization-weighted blend of four S&P/TSX Industry Groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs); 12% ICE BofA/ML U.S. High Yield Master II Constrained (Hedged CAD); 5% ICE BofA/ML All U.S. Convertibles (Hedged CAD); 5% J.P. Morgan EMBI Global Diversified (Hedged CAD) and 3.4% S&P U.S. REIT Composite Index. Prior to December 30, 2011 the blended benchmark was 30% MSCI Canada Value Capped Index; 30% FTSE Canada Universe Bond Index; 15% blend of four S&P/S&P/TSX industry groups: Telecommunication Services, Utilities, Oil & Gas Storage & Transportation, and REITs (market capitalization weighted); 10% Merrill Lynch U.S. High Yield Master II Constrained Index; 10% Barclays Capital U.S. Investment-grade CMBS Index and 5% S&P U.S. REIT Composite Index (hedged CAD). Prior to August 1, 2010 the benchmark was a blend of 30% MSCI Canada Value Index; 30% FTSE Canada Universe Bond Index; 20% S&P/TSX Capped Income Trust Index; 10% Merrill Lynch U.S. High Yield Master II Constrained Index; and 10% Barclays Capital U.S. Investment-grade CMBS Index. Prior to July 1, 2006 the bond portion of the blended index was the RBC CM Canadian Bond Market Index and the U.S. high-yield bond portion of the blended index was the Merrill Lynch U.S. High Yield Master II Index. Prior to June 1, 2005, the blended index was 40% MSCI Canada Value Index, 32% RBC CM Canadian Bond Market Index, 14% Merrill Lynch U.S. High Yield Master II Index and 14% Lehman Brothers CMBS Investment Grade Index. ■ 2 The U.S. high-yield portion of the Fund will be affected by changes in the exchange rate between Canadian and U.S. dollars. We may use derivatives in order to seek to eliminate, or “hedge” against, the effects of such changes. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131. ■ 5 Percentage of total assets in equity sector.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersDaniel Dupont (equities)Don Newman (equities)Catriona Martin (fixed-income)Sri Tella (fixed-income)Harley J. Lank (high-yield)2
David Bagnani (U.S. CMBS)
Series inception dateNovember 6, 2003
Fund benchmarkBlended index1
NAVPU - Series F$16.39
Fund aggregate assets (all series)$8.221 billion
Management expense ratio –Series F0.93%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryCanadian Neutral Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 569
LL 869
LL2 069
Series B: ISC 269
Series F: NL 669
Series T8 (T-SWP): DSC 519
LL 819
LL2 019
Series S8 (T-SWP): ISC 219
Series F8 (T-SWP): NL 1751
Series T5 (T-SWP): DSC 1519
LL 1819
LL2 1319
Series S5 (T-SWP): ISC 1219
Series F5 (T-SWP): NL 1750
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).55 ■ MarketPulse
Fidelity American Balanced Fund, Series F
Fidelity American Balanced Fund aims to achieve long-term capital growth by investing across a range of equities and fixed-income securities in the U.S. and around the world.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND
1 month 6.45
3 month -4.03
6 month 0.60
1 year 1.76
2 year 5.86
3 year 5.10
Since inception 7.50
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
MAY-15 APR-20
$14,344
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD2019201820172016
-2.0
4
12.4
5
3.84
7.88
1.54
Fund risk measures1Fund risk measures1
FUND
Annual Standard Deviation2 8.54
Beta 0.86
R2 0.95
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Comex Gold Trust ETF – Materials
Microsoft – Information Technology
NextEra Energy – Utilities
CMS Energy – Utilities
Xcel Energy – Utilities
Danaher – Health Care
Cooper Companies – Health Care
Alphabet – Communication Services
Service Corporation International – Consumer Discretionary
Amazon.com – Consumer Discretionary
Total holdings 2,640
Top 10 holdings aggregate 12.7%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 60.9 57.6
Foreign Bonds 22.2 21.6
High Yield Bonds 4.5 3.3
Investment Grade CMBS 1.7 1.6
Other Investments 1.6 1.9
Cash & Other 9.1 13.9
EQUITY SECTOR MIX (%)
Health Care 11.1 8.7
Information Technology 9.6 8.3
Consumer Discretionary 9.3 9.5
Industrials 6.9 7.7
Financials 6.4 8.5
Materials 4.8 2.2
Utilities 4.4 4.2
Communication Services 3.7 3.1
Consumer Staples 2.9 2.3
Real Estate 1.6 2.2
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid WolfSubportfolio managersSalim Hart (equities)Joel Tillinghast (equities)Steve MacMillan (equities)Will Danoff (equities)Jeff Moore (fixed-income)Michael Plage (fixed-income)Series inception dateMay 6, 2015Fund benchmarkNoneNAVPU - Series F$13.30Fund aggregate assets (all series)$526.1 millionManagement expense ratio –Series F1.15%, as at September 30, 2019Also offered throughT-SWP®
Currency NeutralMorningstar fund categoryGlobal Equity Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2949
LL 2950
LL2 2951
Series B: ISC 2958
Series F: NL 2961
Series T8 (T-SWP): DSC 2955
LL 2956
LL2 2957
Series S8 (T-SWP): ISC 2960
Series F8 (T-SWP): NL 2963
Series T5 (T-SWP): DSC 2952
LL 2953
LL2 2954
Series S5 (T-SWP): ISC 2959
Series F5 (T-SWP): NL 2962U.S. DOLLAR
Series A: DSC 2965
LL 2966
LL2 2967
Series B: ISC 2974
Series F: NL 2977
Series T8 (T-SWP): DSC 2971
LL 2972
LL2 2973
Series S8 (T-SWP): ISC 2976
Series F8 (T-SWP): NL 2979
Series T5 (T-SWP): DSC 2968
LL 2969
LL2 2970
Series S5 (T-SWP): ISC 2975
Series F5 (T-SWP): NL 2978
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 56
Fidelity U.S. Monthly Income Fund, Series F
Fidelity U.S. Monthly Income Fund invests primarily in high-quality U.S. dividend-paying equities and high-yielding fixed-income securities, to aim to deliver U.S. income and the potential for capital appreciation.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK1
1 month 4.87 3 5.61
3 month -4.66 4 -4.86
6 month -1.21 4 -1.77
1 year 1.04 4 0.97
2 year 6.69 3 6.82
3 year 3.30 3 3.60
5 year 6.46 3 7.03
Since inception 10.01 — 11.13
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
NOV-12 APR-20
FUNDBENCHMARK
$20,411
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-2.6
6
-3.0
9
12.3
3
12.9
2
3.59
4.23
1.67
1.87
7.03
8.62
16.6
9
17.0
8
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 7.62 8.01
Beta 0.94 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Berkshire Hathaway – Financials
Johnson & Johnson – Health Care
iShares Comex Gold Trust ETF – Materials
Walmart – Consumer Staples
J. P. Morgan Chase – Financials
Microsoft – Information Technology
NextEra Energy – Energy
Verizon Communications – Communication Services
Bank of America – Financials
AT&T – Communication Services
Total holdings 2,714
Top 10 holdings aggregate 10.1%
ALLOCATION2,4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 45.7 44.6
Foreign Bonds 31.5 33.1
High Yield Bonds 9.2 8.8
Convertibles 5.0 5.0
Investment Grade CMBS 1.9 1.7
Other Investments 1.5 1.5
Cash & Other 5.2 5.3
EQUITY SECTOR MIX (%)
Financials 9.5 9.6
Health Care 8.0 7.0
Real Estate 7.2 8.2
Information Technology 6.3 6.5
Consumer Staples 4.8 3.3
Consumer Discretionary 4.0 3.6
Communication Services 3.9 3.1
Utilities 3.5 2.9
Industrials 2.7 4.0
Energy 2.4 3.0
For the currency neutral version please refer to page 111.1 The blended index is 40% Russell 3000 Value Index, 7% FTSE NAREIT Equity REITs Index, 5% ICE BofA/ML All U.S. Convertibles Index, 12% ICE BofA/ML U.S. High Yield Master II Constrained Index, 5% JPM EMBI Global Diversified Index and 31% Barclays Capital U.S. Aggregate Bond Index. ■ 2 The U.S. high-yield portion of the Fund will be affected by changes in the exchange rate between Canadian and U.S. dollars. We may use derivatives in order to seek to eliminate, or “hedge” against, the effects of such changes. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersRamona Persaud (equities)Jeff Moore (fixed-income)Samuel Wald (fixed-income)Michael Plage (fixed-income)
Series inception dateNovember 7, 2012
Fund benchmarkBlended index1
NAVPU - Series F$18.04
Fund aggregate assets (all series)$2.195 billion
Management expense ratio –Series F1.04%, as at December 31, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Neutral Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 1315
LL 1322
LL2 1326
Series B: ISC 1330
Series F: NL 1336
Series T8 (T-SWP): DSC 1320
LL 1325
LL2 1328
Series S8 (T-SWP): ISC 1333
Series F8 (T-SWP): NL 1338
Series T5 (T-SWP): DSC 1317
LL 1323
LL2 1327
Series S5 (T-SWP): ISC 1332
Series F5 (T-SWP): NL 1337U.S. DOLLAR
Series A: DSC 1340
LL 1343
LL2 1347
Series B: ISC 1350
Series F: NL 1354
Series T8 (T-SWP): DSC 1342
LL 1346
LL2 1349
Series S8 (T-SWP): ISC 1353
Series F8 (T-SWP): NL 1360
Series T5 (T-SWP): DSC 1341
LL 1345
LL2 1348
Series S5 (T-SWP): ISC 1352
Series F5 (T-SWP): NL 1355
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).57 ■ MarketPulse
Fidelity Conservative Income Fund, Series F
A conservative solution that aims to generate a steady flow of income, with the potential for capital growth, by investing in a diversified portfolio of fixed-income and equity investments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 4.39 3 3.56
3 month -2.20 1 0.50
6 month 0.61 1 3.05
1 year 3.48 1 5.57
2 year 4.62 1 6.01
3 year 2.85 1 3.95
Since inception 3.86 — 4.44
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
MAY-15 APR-20
FUNDBENCHMARK
$12,078
Calendar year performanceCalendar year performance
0%
2%
4%
6%
8%
10%
YTD2019201820172016
0.19
2.83
8.15
7.72
1.17
1.58
2.69
3.36
3.12
3.24
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 5.51 4.26
Beta 1.23 —
R2 0.90 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Comex Gold Trust ETF – Materials
Royal Bank of Canada – Financials
Toronto-Dominion Bank – Financials
Microsoft – Information Technology
Canadian Pacific Railway – Industrials
Barrick Gold – Materials
TC Energy – Energy
Apple – Information Technology
Brookfield Asset Management – Financials
Alimentation Couche-Tard – Consumer Staples
Total holdings 2,871
Top 10 holdings aggregate 8.0%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 44.8 47.1
Foreign Bonds 22.1 22.5
Foreign Equities 14.7 12.6
Canadian Equities 8.3 8.2
Cash & Other 3.8 2.9
High Yield Bonds 2.7 3.2
Investment Grade CMBS 2.0 1.9
Other Investments 1.6 1.8
EQUITY SECTOR MIX (%)
Materials 6.0 1.1
Financials 3.8 3.7
Information Technology 2.5 2.0
Energy 1.9 2.7
Industrials 1.8 1.9
Consumer Staples 1.6 1.6
Consumer Discretionary 1.5 1.2
Health Care 1.4 1.3
Communication Services 1.0 1.4
COUNTRY MIX (%)
Canada 53.0 56.0
United States 24.6 22.4
Japan 3.0 3.3
Germany 2.6 1.3
United Kingdom 2.3 2.5
China 1.5 0.0
Switzerland 1.1 1.1
Mexico 1.0 0.0
1 The blended benchmark is 12% S&P/TSX Capped Composite Index, 8% MSCI All Country World ex Canada Index, 36% FTSE Canada Universe Bond Index, 24% Barclays Capital Global Aggregate Bond Index and 20% FTSE Canada Short Term Bond Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid WolfDavid Tulk
Series inception dateMay 6, 2015
Fund benchmarkBlended index1
NAVPU - Series F$10.64
Fund aggregate assets (all series)$621.9 million
Management expense ratio –Series F0.96%, as at September 30, 2019
Also offered throughT-SWP®
Morningstar fund categoryGlobal Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2723
LL 2724
LL2 2725
Series B: ISC 2732
Series F: NL 2735
Series T8 (T-SWP): DSC 2729
LL 2730
LL2 2731
Series S8 (T-SWP): ISC 2734
Series F8 (T-SWP): NL 2737
Series T5 (T-SWP): DSC 2726
LL 2727
LL2 2728
Series S5 (T-SWP): ISC 2733
Series F5 (T-SWP): NL 2736U.S. DOLLAR
Series A: DSC 2783
LL 2784
LL2 2785
Series B: ISC 2849
Series F: NL 2855
Series T8 (T-SWP): DSC 2846
LL 2847
LL2 2848
Series S8 (T-SWP): ISC 2853
Series F8 (T-SWP): NL 2859
Series T5 (T-SWP): DSC 2786
LL 2787
LL2 2788
Series S5 (T-SWP): ISC 2851
Series F5 (T-SWP): NL 2857
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 58
Fidelity Global Asset Allocation Fund, Series F
Maximizing risk-adjusted return potential through tactical global asset allocation Fidelity Global Asset Allocation Fund combines the flexibility of tactical asset allocation with Fidelity’s disciplined “bottom up” investment approach to deliver maximized risk-adjusted return potential.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 6.30 3 6.44
3 month -4.88 1 -2.98
6 month -0.91 1 0.90
1 year 0.62 1 2.84
3 year 3.93 1 5.03
5 year 5.61 1 6.82
10 year 7.89 1 8.75
Since inception 3.88 — 3.94
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
OCT-00 APR-20
FUNDBENCHMARK
$21,045
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-3.8
8
-1.5
4
15.0
9
13.7
0
-0.7
2
1.34
10.6
3
10.4
3
0.03
2.90
15.6
3
15.4
2
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 8.60 7.95
Beta 1.07 —
R2 0.98 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Core S&P 500 ETF – Multi SectoriShares Core MSCI Emerging Markets ETF – Multi SectoriShares Core MSCI Europe ETF – Multi SectorTechnology Select Sector SPDR ETF – Information TechnologyiShares MSCI Japan ETF – Multi SectoriShares MSCI Pacific ex Japan Index ETF – Multi SectorConsumer Discretionary Select Sector SPDR ETF – Consumer DiscretionaryHealth Care Select Sector SPDR ETF – Health CareMicrosoft – Information TechnologyIndustrials Select Sector SPDR ETF – IndustrialsTotal holdings 1,333Top 10 holdings aggregate 26.2%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 62.3 65.3Foreign Bonds 23.0 23.8Canadian Equities 2.7 2.8High Yield Bonds 1.3 0.5Futures, Options & Swaps 0.9 1.1Other Investments 0.7 0.7Cash & Other 9.2 5.8
EQUITY SECTOR MIX4 (%)
Multi Sector 19.4 20.6Information Technology 9.6 9.6Health Care 6.9 5.5Financials 5.6 7.5Communication Services 4.8 3.2Industrials 4.3 5.6Consumer Staples 4.3 3.6Consumer Discretionary 3.7 3.4Energy 2.0 3.0Utilities 1.9 2.2
COUNTRY MIX (%)
United States 45.6 48.0Japan 9.1 9.5Germany 4.2 2.4Multi-Country - Emerging Markets 4.1 4.3United Kingdom 3.6 3.6Multi-Country - Europe 3.1 4.0Canada 2.6 3.7China 2.4 1.6Switzerland 2.4 2.3Sweden 2.4 1.4
1 The blended index is 65% MSCI AC World Index, 30% Barclays Capital Global Aggregate Bond Index and 5% FTSE Canada 91-Day T-Bill Index. Prior to November 27, 2006, the equity portion of the blended index was 65% MSCI World Index. Prior to November 30, 2003, the blended index was 70% MSCI World Index, 25% Lehman Brothers Aggregate Bond Index and 5% Lehman Brothers 3-Month T-Bill. Prior to October 1, 1998, the blended index was 70% MSCI World, 25% Lehman Brothers Aggregate Bond and 5% Salomon Brothers 3-Month T-Bill. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Percentage of total assets in equity sector.
Fund factsPortfolio managersAyesha AkbarNick Peters
Subportfolio managersMatt Jones (equities)Hiten Savani (equities)Jeff Moore (fixed-income)
Series inception dateOctober 10, 2000
Fund benchmarkBlended index1
NAVPU - Series F$30.15
Fund aggregate assets (all series)$398.4 million
Management expense ratio –Series F1.09%, as at September 30, 2019
Also offered throughT-SWP™
Morningstar fund categoryGlobal Equity Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 349
LL 849
LL2 049
Series B: ISC 249
Series F: NL 649
Series T8 (T-SWP): DSC 559
LL 329
LL2 029
Series S8 (T-SWP): ISC 259
Series F8 (T-SWP): NL 1854
Series T5 (T-SWP): DSC 1559
LL 1859
LL2 1359
Series S5 (T-SWP): ISC 1259
Series F5 (T-SWP): NL 1853U.S. DOLLAR
Series A: DSC 539
LL 839
LL2 039
Series B: ISC 729
Series F: NL 629
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).59 ■ MarketPulse
Fidelity Global Monthly Income Fund, Series F
Asset classes from around the world Fidelity Global Monthly Income Fund provides access to a diversified portfolio of global asset classes to deliver a combination of income and capital growth.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 5.21 4 5.02
3 month -4.22 1 -3.74
6 month -0.38 1 -0.14
1 year 2.54 1 2.12
3 year 3.71 1 4.35
5 year 6.13 1 6.67
10 year 8.73 1 9.25
Since inception 5.42 — 6.17
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
APR-07 APR-20
FUNDBENCHMARK
$19,916
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-2.3
7
-1.6
4
13.1
7
11.9
5
1.40
3.30
6.69
7.44
1.80
3.65
18.4
4
16.5
5
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 7.36 7.11
Beta 1.02 —
R2 0.98 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Microsoft – Information TechnologyApple – Information TechnologyiShares MSCI ACWI Index ETF – Multi SectoriShares Comex Gold Trust ETF – MaterialsAstraZeneca – Health CareNestlé – Consumer StaplesRoche Holding – Health CareAmerican Tower – Real EstateTaiwan Semiconductor – Information TechnologyAmgen – Health CareTotal holdings 3,105Top 10 holdings aggregate 9.8%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 45.1 42.7Foreign Bonds 31.6 33.5High Yield Bonds 9.2 9.0Convertibles 4.8 5.3Other Investments 2.0 2.2Canadian Equities 1.5 1.8Investment Grade CMBS 1.4 1.3Cash & Other 4.4 4.2
EQUITY SECTOR MIX4 (%)
Information Technology 9.7 7.9Financials 7.7 7.5Health Care 6.9 6.3Real Estate 6.5 8.0Consumer Staples 5.1 4.4Industrials 4.0 4.2Consumer Discretionary 3.9 2.9Communication Services 2.7 3.7Energy 2.2 2.9Materials 1.9 0.0
COUNTRY MIX (%)
United States 52.9 53.4Japan 7.2 8.1United Kingdom 6.3 6.3Germany 3.9 2.0Switzerland 2.7 2.5France 2.5 1.5Canada 1.8 3.0China 1.6 0.0Netherlands 1.5 1.5Hong Kong 1.3 1.8
For the currency neutral version please refer to page 111.1 The blended benchmark is 40% MSCI AC World Index (Net), 31% Barclays Capital Global Aggregate Bond Index, 12% ICE BofA Global High Yield Constrained Index, 7% FTSE EPRA/NAREIT Developed (N) Index, 5% JPM EMBI Global Diversified Index and 5% ICE BofA/ML All U.S. Convertibles Index. Before October 1, 2013, the blended benchmark was 40% MSCI AC World Index, 31% Barclays Capital Global Aggregate Bond Index, 12% ICE BofA/ML U.S. HY Master II Constrained Index, 7% FTSE EPRA/NAREIT Developed (N) Index, 5% JPM EMBI Global Diversified Index and 5% ICE BofA/ML All U.S. Convertibles Index. Before March 1, 2013, the blended benchmark was 40% MSCI World High Dividend Yield Index, 10% FTSE EPRA/NAREIT Developed (N) Index, 35% Barclays Capital Global Aggregate Bond Index – Hedged CAD and 15% ICE BofA/ML HY Master II Constrained Index – Hedged CAD. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131. ■ 4 Percentage of total assets in equity sector.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Subportfolio managersRamona Persaud (equities)Steven Buller (global real estate)Jeff Moore (fixed-income)Michael Foggin (fixed-income) Andrew Lewis (fixed-income)Michael Weaver (global high yield)Jonathan Kelly (emerging markets debt)
Series inception dateApril 18, 2007
Fund benchmarkBlended index1
NAVPU - Series F$13.60
Fund aggregate assets (all series)$3.976 billion
Management expense ratio –Series F1.08%, as at September 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Neutral Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 1522
LL 1822
LL2 1022
Series B: ISC 1222
Series F: NL 1622
Series T8 (T-SWP): DSC 1532
LL 1832
LL2 1032
Series S8 (T-SWP): ISC 1232
Series F8 (T-SWP): NL 1849
Series T5 (T-SWP): DSC 1552
LL 1852
LL2 1052
Series S5 (T-SWP): ISC 1252
Series F5 (T-SWP): NL 1848U.S. DOLLAR
Series A: DSC 1523
LL 1823
LL2 1023
Series B: ISC 1223
Series F: NL 1623
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 60
Fidelity NorthStar® Balanced Fund, Series F
Fidelity NorthStar® Balanced Fund is a balanced solution that offers investors the potential for long-term capital growth. The Fund employs a flexible approach that draws on the portfolio managers' best ideas across an expansive range of equity securities and fixed-income asset classes from around the world.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND
1 month 6.46
3 month -2.15
6 month 1.30
1 year 1.56
2 year 3.28
3 year 1.37
5 year 4.50
Since inception 6.39
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
$20,000
MAY-14 APR-20
$14,437
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
25%
YTD20192018201720162015
-0.8
5
6.78
1.38
1.80
2.21
21.2
7
Fund risk measures2Fund risk measures2
FUND
Annual Standard Deviation1 7.26
Beta 1.02
R2 0.82
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Ottogi – Consumer Staples
Imperial Brands – Consumer Staples
Microsoft – Information Technology
Gilead Sciences – Health Care
Itochu – Industrials
Seria – Consumer Discretionary
Amazon.com – Consumer Discretionary
Anthem – Health Care
Simplo Technology – Information Technology
Fukuda Denshi – Health Care
Total holdings 1,732
Top 10 holdings aggregate 9.2%
ALLOCATION1
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 46.7 40.4
Foreign Bonds 26.1 28.3
High Yield Bonds 15.1 16.8
Canadian Equities 2.4 1.7
Other Investments 1.9 1.6
Futures, Options & Swaps 0.6 1.2
Cash & Other 7.2 10.1
EQUITY SECTOR MIX (%)
Information Technology 9.1 5.9
Consumer Discretionary 8.5 7.0
Health Care 6.4 5.8
Industrials 6.3 4.2
Consumer Staples 6.2 6.9
Communication Services 4.6 3.2
Financials 3.1 4.7
Energy 3.1 1.1
Materials 1.3 3.4
COUNTRY MIX (%)
United States 46.8 47.6
Japan 9.6 6.4
South Korea 5.6 4.7
United Kingdom 5.5 7.0
Canada 4.3 2.7
China 2.6 2.0
Italy 2.2 2.2
France 1.9 3.3
Germany 1.8 1.9
Mexico 1.5 2.5
For the currency neutral version please refer to page 111.1 Please refer to important information on page 131. ■ 2 Risk measures are based on 3-year net returns (Series F).
Fund factsPortfolio managersGeoff SteinDavid WolfSubportfolio managersDaniel Dupont (equities)Joel Tillinghast (equities)Kyle Weaver (equities)Connor Gordon (equities)Jeff Moore (fixed-income)Michael Plage (fixed-income)Series inception dateMay 28, 2014Fund benchmarkNoneNAVPU - Series F$12.31Fund aggregate assets (all series)$1.489 billionManagement expense ratio –Series F1.10%, as at September 30, 2019Also offered throughT-SWP®
Currency NeutralMorningstar fund categoryGlobal Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2346
LL 2349
LL2 2404
Series B: ISC 2407
Series F: NL 2410
Series T8 (T-SWP): DSC 2348
LL 2403
LL2 2406
Series S8 (T-SWP): ISC 2409
Series F8 (T-SWP): NL 2412
Series T5 (T-SWP): DSC 2347
LL 2402
LL2 2405
Series S5 (T-SWP): ISC 2408
Series F5 (T-SWP): NL 2411U.S. DOLLAR
Series A: DSC 2413
LL 2416
LL2 2419
Series B: ISC 2422
Series F: NL 2425
Series T8 (T-SWP): DSC 2415
LL 2418
LL2 2421
Series S8 (T-SWP): ISC 2424
Series F8 (T-SWP): NL 2427
Series T5 (T-SWP): DSC 2414
LL 2417
LL2 2420
Series S5 (T-SWP): ISC 2423
Series F5 (T-SWP): NL 2426
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).61 ■ MarketPulse
Fidelity Tactical High Income Fund, Series F
Fidelity Tactical High Income Fund offers investors the potential for income and capital growth through investments across a broad spectrum of income-producing securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND
1 month 5.85
3 month 1.06
6 month 5.39
1 year 9.34
2 year 12.13
3 year 5.73
5 year 8.08
Since inception 9.50
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
$20,000
MAY-14 APR-20
$17,128
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
25%
YTD20192018201720162015
1.86
16.6
3
4.83
-1.2
0
7.24
20.4
0
Fund risk measures2Fund risk measures2
FUND
Annual Standard Deviation1 7.24
Beta 0.94
R2 0.88
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
U.S. Treasury Note 2.0%, 02/15/50 – Other
DHT Holdings – Energy
Microsoft – Information Technology
Apple – Information Technology
Amazon.com – Consumer Discretionary
Coinmach – Consumer Discretionary
Alphabet – Communication Services
CCO Holdings – Communication Services
Cisco Systems – Communication Services
WB 5.8% – Financials
Total holdings 373
Top 10 holdings aggregate 19.9%
ALLOCATION1
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 48.8 49.1
High Yield Bonds 22.5 24.4
Foreign Bonds 19.0 18.1
Convertibles 8.0 6.9
Canadian Equities 1.7 1.2
Cash & Other 0.1 0.3
SECTOR MIX (%)
Technology 15.0 16.6
Health Care 10.9 3.7
Energy 10.2 7.3
Telecommunications 7.5 3.1
Food/Beverage/Tobacco 5.0 5.4
Banks & Thrifts 4.7 10.6
Super Retail 4.2 5.0
Shipping 4.2 0.0
Services 3.8 7.0
Electric Utilities 3.2 1.1
For the currency neutral version please refer to page 111.1 Please refer to important information on page 131. ■ 2 Risk measures are based on 3-year net returns (Series F).
Fund factsPortfolio managerAdam Kramer
Subportfolio managersRamona Persaud (equities)Ford O'Neil (fixed-income)
Series inception dateMay 28, 2014
Fund benchmarkNone
NAVPU - Series F$12.62
Fund aggregate assets (all series)$210.0 million
Management expense ratio –Series F1.00%, as at September 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryTactical Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2444
LL 2447
LL2 2450
Series B: ISC 2453
Series F: NL 2456
Series T8 (T-SWP): DSC 2446
LL 2449
LL2 2452
Series S8 (T-SWP): ISC 2455
Series F8 (T-SWP): NL 2458
Series T5 (T-SWP): DSC 2445
LL 2448
LL2 2451
Series S5 (T-SWP): ISC 2454
Series F5 (T-SWP): NL 2457U.S. DOLLAR
Series A: DSC 2459
LL 2462
LL2 2465
Series B: ISC 2468
Series F: NL 2472
Series T8 (T-SWP): DSC 2461
LL 2464
LL2 2467
Series S8 (T-SWP): ISC 2470
Series F8 (T-SWP): NL 2474
Series T5 (T-SWP): DSC 2460
LL 2463
LL2 2466
Series S5 (T-SWP): ISC 2469
Series F5 (T-SWP): NL 2473
ASSET ALLOCATION AND BALANCED FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 62
Fidelity Tactical Strategies Fund, Series F
Fidelity Tactical Strategies Fund seeks to capitalize on current and emerging global investment themes by actively allocating among diverse asset classes anywhere in the world.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 6.45 1 6.79
3 month -3.68 1 -3.08
6 month -1.07 2 0.87
1 year 0.01 2 3.07
2 year 2.02 2 5.67
3 year 2.73 2 5.08
5 year 4.76 1 6.30
Since inception 6.08 — 8.38
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
$25,000
APR-11 APR-20
FUNDBENCHMARK
$17,091
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-3.2
4
-1.4
5
10.8
3
14.3
9
-1.9
6
0.33
11.0
0
10.2
8
4.01
3.30
9.94
12.4
9
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 8.04 7.99
Beta 0.99 —
R2 0.96 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN ISSUERS
AS AT MARCH 31, 2020
iShares Core S&P Total U.S. Stock Market ETF
Fidelity U.S. High Quality Index ETF
iShares Comex Gold Trust ETF
iShares Barclays Short Treasury Bond ETF
Fidelity Emerging Markets Equity Multi-Asset Base Fund
iShares Core MSCI EAFE ETF
iShares 20+ Year Treasury Bond ETF
Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
Fidelity Global Intrinsic Value Investment Trust
iShares TIPS Bond ETF
Total issuers 16
Top 10 issuers aggregate 89.4%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 58.6 63.2
Inflation Protected Bonds 10.0 3.0
Commodities 9.7 0.0
Foreign Bonds 6.2 27.0
Other Investments 0.4 2.2
Emerging Markets Debt 0.0 3.8
Cash & Other 15.1 0.9
1 The blended index is 60% MSCI All Country World Index, 30% FTSE Canada Universe Bond Index and 10% Bloomberg Barclays Global Aggregate Bond Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateApril 4, 2011
Fund benchmarkBlended index1
NAVPU - Series F$12.66
Fund aggregate assets (all series)$67.3 million
Management expense ratio –Series F1.13%, as at September 30, 2019
Also offered throughT-SWP®
Morningstar fund categoryTactical Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 1302
LL 1303
LL2 1304
Series B: ISC 1344
Series F: NL 1356
Series T8 (T-SWP): DSC 1400
LL 1401
LL2 1402
Series S8 (T-SWP): ISC 1393
Series F8 (T-SWP): NL 1414
Series T5 (T-SWP): DSC 1395
LL 1396
LL2 1397
Series S5 (T-SWP): ISC 1384
Series F5 (T-SWP): NL 1409U.S. DOLLAR
Series A: DSC 1415
LL 1416
LL2 1417
Series B: ISC 1418
Series F: NL 1419
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).63 ■ MarketPulse
Fidelity Canadian Bond Fund, Series F
Sustaining value through an active investment approach Fidelity Canadian Bond Fund delivers enhanced return potential through a disciplined investment approach, which seeks to add value primarily through security selection and yield-curve strategies, rather than interest-rate anticipation.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 4.32 2 3.79
3 month 0.63 3 2.43
6 month 2.97 3 4.69
1 year 6.70 3 8.52
3 year 3.73 2 4.48
5 year 3.19 2 3.71
10 year 4.27 1 4.73
Since inception 5.06 — 5.49
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
$40,000
OCT-00 APR-20
FUNDBENCHMARK
$26,393
Calendar year performanceCalendar year performance
0%
2%
4%
6%
8%
YTD20192018201720162015
3.64
5.41
7.13
6.87
0.78
1.41
2.55
2.52
1.70
1.66
2.72
3.52
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 5.15 4.55
Beta 1.10 —
R2 0.94 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
Province of Ontario
Government of Canada
Province of Quebec
Province of Alberta
Canada Housing Trust No. 1
Total issuers 172
Top 5 issuers aggregate 31.5%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 90.8 93.5
Foreign Bonds 6.1 5.6
High Yield Bonds 2.5 0.4
Cash & Other 0.6 0.5
SECTOR MIX (%)
Canadian Corporate Bonds 43.0 48.2
Canadian Provincial Bonds 34.9 32.1
Canadian Agency Bonds 5.7 3.7
Canadian Federal Bonds 5.2 7.0
Canadian Municipal Bonds 2.1 2.6
1 Prior to July 1, 2006, the Fund’s benchmark was the RBC CM Canadian Bond Market Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersCatriona MartinSri Tella
Series inception dateOctober 10, 2000
Fund benchmark1
FTSE Canada Universe Bond Index
NAVPU - Series F$15.01
Fund aggregate assets (all series)$8.973 billion
Management expense ratio –Series F0.67%, as at December 31, 2019
Morningstar fund categoryCanadian Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 533
LL 833
LL2 033
Series B: ISC 233
Series F: NL 633
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 64
Fidelity Canadian Short Term Bond Fund, Series F
Providing income and potential capital preservation Fidelity Canadian Short Term Bond Fund focuses on capital preservation and enhanced return potential through an active investment management approach.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 1.74 2 1.33
3 month 1.29 2 2.14
6 month 2.26 2 3.12
1 year 3.50 2 4.31
3 year 2.01 2 2.40
5 year 1.80 2 2.09
10 year 2.48 1 2.67
Since inception 3.61 — 4.00
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
OCT-00 APR-20
FUNDBENCHMARK
$20,022
Calendar year performanceCalendar year performance
0%
1%
2%
3%
4%
YTD20192018201720162015
2.33
3.20
3.22
3.10
1.48
1.91
0.24
0.08
0.92
1.01
2.10
2.61
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 1.85 1.63
Beta 1.04 —
R2 0.83 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
Canada Housing Trust No. 1
Province of Ontario
Government of Canada
Royal Bank of Canada
Bank of Montreal
Total issuers 102
Top 5 issuers aggregate 45.8%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 92.4 93.5
Foreign Bonds 5.2 6.2
High Yield Bonds 2.1 0.0
Cash & Other 0.3 0.3
SECTOR MIX (%)
Canadian Corporate Bonds 48.2 52.3
Canadian Provincial Bonds 21.9 16.9
Canadian Agency Bonds 15.8 15.9
Canadian Federal Bonds 5.0 6.3
Canadian Municipal Bonds 1.6 2.2
1 Prior to July 1, 2006, the Fund’s benchmark was the RBC CM Canadian Short Term Bond Index. Prior to September 1, 1999, the benchmark was DS Barra 1-7 Yr. Customized Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersCatriona MartinSri Tella
Series inception dateOctober 10, 2000
Fund benchmark1
FTSE Canada Short Term Bond Index
NAVPU - Series F$10.34
Fund aggregate assets (all series)$603.7 million
Management expense ratio –Series F0.60%, as at December 31, 2019
Morningstar fund categoryCanadian Short Term Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 585
LL 385
LL2 085
Series B: ISC 285
Series F: NL 685
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).65 ■ MarketPulse
Fidelity Corporate Bond Fund, Series F
Sustaining value through an active investment approach Fidelity Corporate Bond Fund seeks to earn a steady flow of income through a disciplined investment approach focusing on bonds issued by Canadian and foreign corporations. The portfolio managers seek to add value primarily through security selection and yield-curve strategies, rather than interest rate anticipation.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 5.12 1 4.79
3 month -3.06 4 -0.56
6 month -0.27 4 2.24
1 year 3.27 3 5.83
2 year 4.28 3 5.82
3 year 2.83 2 3.75
5 year 2.88 2 3.72
Since inception 3.98 — 4.66
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
SEP-10 APR-20
FUNDBENCHMARK
$14,556
Calendar year performanceCalendar year performance
-2%
0%
2%
4%
6%
8%
10%
YTD20192018201720162015
-0.5
2
2.14
8.95
8.16
-0.0
3
1.09
3.97
3.44
4.59
3.78
-0.0
7
2.70
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 6.31 5.33
Beta 1.15 —
R2 0.95 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
Bell Canada
TransCanada Pipelines
Hydro One
Enbridge
Royal Bank of Canada
Total issuers 140
Top 5 issuers aggregate 13.5%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 76.0 74.6
Foreign Bonds 14.8 16.6
High Yield Bonds 7.8 7.5
Other Investments 0.2 0.2
Cash & Other 1.3 1.1
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersCatriona MartinSri Tella
Series inception dateSeptember 20, 2010
Fund benchmarkFTSE Canada All Corporate Bond Index (Capped at 5%)
NAVPU - Series F$10.95
Fund aggregate assets (all series)$109.5 million
Management expense ratio –Series F0.90%, as at December 31, 2019
Morningstar fund categoryCanadian Corporate Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 1631
LL 1632
LL2 1633
Series B: ISC 1634
Series F: NL 1635
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 66
Fidelity Tactical Fixed Income Fund, Series F
A core fixed-income option for investors seeking a steady flow of income, Fidelity Tactical Fixed Income Fund has the flexibility to invest across a diverse spectrum of Canadian and global fixed-income asset classes.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 4.48 1 3.79
3 month -1.35 4 2.43
6 month 1.16 4 4.69
1 year 5.10 4 8.52
2 year 5.42 3 7.29
3 year 3.41 3 4.48
5 year 3.08 2 3.71
Since inception 3.45 — 3.97
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
MAY-12 APR-20
FUNDBENCHMARK
$13,106
Calendar year performanceCalendar year performance
-2%
0%
2%
4%
6%
8%
10%
YTD20192018201720162015
1.35
5.41
8.80
6.87
-0.0
1
1.41
3.33
2.52
3.29
1.66
1.45
3.52
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 5.53 4.55
Beta 1.09 —
R2 0.80 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
Province of Ontario
Government of Canada
Province of Quebec
Canada Housing Trust No. 1
Province of Alberta
Total issuers 58
Top 5 issuers aggregate 29.0%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 73.3 72.8
Foreign Bonds 14.7 15.7
High Yield Bonds 10.3 10.3
Other Investments 0.2 0.1
Cash & Other 1.5 1.0
SECTOR MIX (%)
Canadian Corporate Bonds 32.6 34.2
Canadian Provincial Bonds 29.6 26.9
Canadian Federal Bonds 4.9 6.0
Canadian Agency Bonds 4.7 4.0
Canadian Municipal Bonds 1.5 1.8
In order to pay a steady cash flow monthly, in current market conditions the Fund will pay out interest income plus a portion of the money you originally invested (also called a return of capital). Please do not confuse this payout with a fund’s “yield” or “rate of return”. The monthly distribution rate may change at any time if market conditions change, and the rate will be reset at the beginning of every year. ■ 1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersCatriona MartinJeff MooreSri Tella
Series inception dateMay 9, 2012
Fund benchmarkFTSE Canada Universe Bond Index
NAVPU - Series F$8.60
Fund aggregate assets (all series)$262.3 million
Management expense ratio –Series F0.81%, as at December 31, 2019
Morningstar fund categoryCanadian Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 901
LL 902
LL2 903
Series B: ISC 797
Series F: NL 798
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).67 ■ MarketPulse
Fidelity Canadian Money Market Fund, Series F
Fidelity U.S. Money Market Fund, Series F
Providing income and capital preservation The money market funds aim to deliver monthly income while seeking to protect capital and liquidity.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND
1 month 0.03
3 month 0.21
6 month 0.55
1 year 1.23
3 year 1.08
5 year 0.76
10 year 0.74
Since inception 1.40
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
NOV-04 APR-20
$12,384
Calendar year performanceCalendar year performance
0%
1%
2%
3%
YTD20192018201720162015
0.33
1.39
1.18
0.44
0.27
0.34
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION3
ASSET MIX3 (%) CURRENT MONTH
Cash & Other 94.2
Canadian Bonds 5.8
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND
1 month 0.04
3 month 0.23
6 month 0.60
1 year 1.57
2 year 1.77
Since inception 1.77
Growth of $10,000 since inceptionGrowth of $10,000 since inception
$0
$5,000
$10,000
$15,000
APR-18 APR-20
$10,363
Calendar year performanceCalendar year performance
0%
1%
2%
3%
YTD2019
0.35
1.95
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION3
ASSET MIX3 (%) CURRENT MONTH
Cash & Other 90.0
Treasury Bills 10.0
1 There is no assurance that Fidelity Canadian Money Market Fund will be able to maintain its net asset value at a constant amount or that your investment will be returned to you. ■ 2 Fidelity Canadian Money Market Fund (Series C and D) is available to advisors for single-ticket purchases into Fidelity ClearPlan™ Custom Fund Portfolios. All three deferred sales charge options (DSC, LL, and LL2) are available in Series C, while ISC is available in Series D. Investments are automatically allocated to the advisors’ prescribed target fund mix when the signed ClearPlan instructions are received. ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managerMichael Widrig
Series inception dateCanadian Money Market Fund –November 8, 2004U.S. Money Market Fund –April 20, 2018
NAVPU - Series F1
Canadian Money Market Fund –$10.00U.S. Money Market Fund –US$10.00
Fund aggregate assets (all series)Canadian Money Market Fund –$1.704 billionU.S. Money Market Fund –$92.1 million
Management expense ratio –Series FCanadian Money Market Fund –0.50%, as at December 31, 2019U.S. Money Market Fund –0.51%, as at December 31, 2019
Fund CodesCanadian Money Market Fund
CANADIAN DOLLAR
Series A: DSC 535
LL 835
LL2 829
Series B: ISC 229
Series F: NL 635
Series C2: DSC 499
LL 399
LL2 396
Series D2: ISC 799
Fund CodesU.S. Money Market Fund
U.S. DOLLAR
Series A: DSC 472
LL 332
LL2 052
Series B: ISC 772
Series F: NL 6243
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 68
Fidelity American High Yield Fund1, Series F
Broad and thorough coverage of the U.S. high-yield market Fidelity American High Yield Fund relies on Fidelity’s fundamental “bottom up” research, which results in diversification and enhanced return potential.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 3.04 3 1.29
3 month -5.75 1 -5.31
6 month -3.28 1 -2.45
1 year -3.10 2 -2.19
3 year 1.49 1 1.96
5 year 5.16 1 6.06
10 year 8.15 1 9.04
Since inception 5.67 — 6.24
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
$50,000
OCT-00 APR-20
FUNDBENCHMARK
$29,442
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-4.3
3
-3.4
2
8.58
8.63
5.16
6.54
0.68
0.42
9.47
13.4
2
15.1
3
14.4
0
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 7.28 7.09
Beta 1.02 —
R2 0.99 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
CCO Holdings Capital
CSC Holdings
Citigroup
Tenet Healthcare
Ally Financial
Total issuers 304
Top 5 issuers aggregate 13.7%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
High Yield Bonds 64.6 72.3
Foreign Bonds 27.9 21.0
Foreign Equities 1.3 1.5
Convertibles 1.1 0.6
Cash & Other 5.1 4.5
SECTOR MIX (%)
Health Care 12.1 12.8
Telecommunications 10.9 7.3
Energy 8.7 16.3
Cable TV 8.5 7.8
Banks & Thrifts 6.9 6.5
Electric Utilities 6.9 6.2
Technology 5.9 5.1
Diversified Financial Services 4.3 6.6
Services 3.7 3.2
Aerospace 3.7 1.9
For the currency neutral version please refer to page 111.1 Prior to September 27, 1999, the Fund was named Fidelity Emerging Markets Bond Fund and its objective was to invest in emerging markets debt. ■ 2 Prior to January 1, 2006, the Fund’s benchmark was the Merrill Lynch U.S. High Yield Master II Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersHarley J. LankAlex Karam
Series inception dateOctober 10, 2000
Fund investment objective changeSeptember 13, 1999
Fund benchmark2
ICE BofA/ML U.S. High Yield Constrained Index – Hedged CAD
NAVPU - Series F$8.56
Fund aggregate assets (all series)$2.924 billion
Management expense ratio –Series F1.07%, as at December 31, 2019
Also offered throughCurrency Neutral
Morningstar fund categoryHigh Yield Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 555
LL 855
LL2 055
Series B: ISC 255
Series F: NL 655U.S. DOLLAR
Series A: DSC 456
LL 346
LL2 056
Series B: ISC 756
Series F: NL 656
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).69 ■ MarketPulse
Fidelity Floating Rate High Income Fund, Series F
A high yield offering that aims to provide a steady flow of income. It primarily invests in the floating rate debt of non-investment-grade issuers located in the U.S. or whose debt is denominated in U.S. dollars.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 3.13 2 1.98
3 month -5.23 1 -5.10
6 month -2.58 1 -1.87
1 year -4.17 1 -3.58
2 year 1.84 1 2.70
3 year 0.40 1 1.07
5 year 4.09 1 4.67
Since inception 6.30 — 7.12
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
OCT-13 APR-20
FUNDBENCHMARK
$14,914
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-3.1
3
-2.6
7
2.47
3.15
8.33
9.49
-3.1
1
-2.7
2
5.59
6.35
18.8
0
19.1
1
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 7.79 8.01
Beta 0.97 —
R2 1.00 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
Bass Pro Shops
Asurion
Intelsat Jackson Holdings
TransDigm Group
Kronos
Total issuers 297
Top 5 issuers aggregate 8.5%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
High Yield Bonds 83.5 86.0
Foreign Bonds 9.2 10.0
Other Investments 0.1 0.1
Cash & Other 7.2 3.9
SECTOR MIX (%)
Technology 13.9 15.3
Telecommunications 8.5 7.1
Services 6.7 5.5
Health Care 5.4 5.6
Energy 5.1 6.3
Insurance 4.7 3.7
Gaming 4.4 6.6
Diversified Financial Services 4.4 4.7
Super Retail 4.1 4.3
Containers 3.8 4.0
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersEric MollenhauerKevin Nielsen
Series inception dateOctober 16, 2013
Fund benchmarkS&P/LSTA Leveraged Loan Index
NAVPU - Series F$11.19
Fund aggregate assets (all series)$164.8 million
Management expense ratio –Series F1.02%, as at December 31, 2019
Also offered throughCurrency Neutral
Morningstar fund categoryFloating Rate Loan
Fund CodesCANADIAN DOLLAR
Series A: DSC 2175
LL 2176
LL2 2177
Series B: ISC 2187
Series F: NL 2188U.S. DOLLAR
Series A: DSC 2178
LL 2179
LL2 2180
Series B: ISC 2190
Series F: NL 2191
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 70
Fidelity Global Bond Fund, Series F
Looking for global bond exposure Fidelity Global Bond Fund invests primarily in global government and corporate bonds offering the potential for income and capital appreciation.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK
1 month 2.41 2 -0.50
3 month 2.14 2 5.39
6 month 4.44 2 7.21
1 year 8.43 1 10.02
3 year 3.67 1 4.38
5 year 5.28 1 5.67
10 year 5.13 1 5.96
Since inception 4.28 — 5.12
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
$20,000
$25,000
APR-07 APR-20
FUNDBENCHMARK
$17,289
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
5.87
8.86
3.37
1.44
5.71
7.70
1.84
0.34
-0.8
0
-1.4
5
14.6
5
16.1
5
Fund risk measures1Fund risk measures1
FUND BENCHMARK
Annual Standard Deviation2 6.84 7.10
Beta 0.82 —
R2 0.72 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
United States Treasury
Government of Japan
Federal Republic of Germany
Chicago Board of Trade
Volkswagen International Finance
Total issuers 180
Top 5 issuers aggregate 32.4%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Bonds 85.8 89.6
Canadian Bonds 5.3 6.6
High Yield Bonds 4.6 1.9
Futures, Options & Swaps 2.4 3.1
Other Investments 0.2 0.6
Cash & Other 1.8 -1.8
COUNTRY MIX (%)
United States 35.8 44.5
Japan 14.9 15.7
Germany 12.4 3.0
United Kingdom 6.9 5.5
China 4.9 0.0
Switzerland 4.3 4.1
France 4.2 2.3
Mexico 3.3 2.5
Sweden 2.8 2.1
Ireland 2.1 2.6
For the currency neutral version please refer to page 111.1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersMichael FogginAndrew LewisJeff Moore
Series inception dateApril 13, 2007
Fund benchmarkBloomberg Barclays Global Aggregate Bond Index
NAVPU - Series F$12.57
Fund aggregate assets (all series)$237.3 million
Management expense ratio –Series F0.92%, as at September 30, 2019
Also offered throughCurrency Neutral
Morningstar fund categoryGlobal Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 1525
LL 1825
LL2 1025
Series B: ISC 1225
Series F: NL 1625U.S. DOLLAR
Series A: DSC 1526
LL 1826
LL2 1026
Series B: ISC 1226
Series F: NL 1626
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).71 ■ MarketPulse
Fidelity Investment Grade Total Bond Fund, Series FHarnessing the strength and reach of Fidelity’s global fixed income teams, the Fund has the flexibility to invest in a wide range of fixed income securities to adjust to changing market conditions.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE1 BENCHMARK
1 month 2.11 2 -0.68
3 month 2.55 1 8.17
6 month 5.23 1 10.81
1 year 8.55 1 14.45
2 year 9.01 1 12.45
Since inception 9.17 — 12.33
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
$20,000
JAN-18 APR-20
FUNDBENCHMARK
$12,200
Calendar year performanceCalendar year performance
0%
5%
10%
15%
YTD2019
6.27
12.4
5
4.74
3.22
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
United States Treasury
Morgan Stanley
Wells Fargo
Citigroup
Chicago Board of Trade
Total issuers 125
Top 5 issuers aggregate 34.1%
ALLOCATION1
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Bonds 69.7 72.4
High Yield Bonds 19.7 14.7
Canadian Bonds 2.6 2.6
Futures, Options & Swaps 2.2 1.4
Other Investments 0.9 0.7
Investment Grade CMBS 0.0 1.1
Cash & Other 4.8 7.2
COUNTRY MIX (%)
United States 74.6 73.5
Grand Cayman (UK Overseas Territory) 3.9 4.3
United Kingdom 3.4 1.9
Mexico 2.4 2.3
Ireland 2.3 1.1
Germany 2.1 1.6
Brazil 1.5 3.4
France 1.2 0.0
Switzerland 1.1 0.0
Dominican Republic 1.0 0.0
For the currency neutral version please refer to page 111.1 Please refer to important information on page 131.
Fund factsPortfolio managersJeff MooreMichael Plage
Series inception dateJanuary 24, 2018
Fund benchmarkBloomberg Barclays U.S. Aggregate Bond Index
NAVPU - Series F$11.22
Fund aggregate assets (all series)$309.5 million
Management expense ratio –Series F0.91%, as at September 30, 2019
Also offered throughCurrency Neutral
Morningstar fund categoryGlobal Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 6136
LL 6137
LL2 6138
Series B: ISC 6139
Series F: NL 6140U.S. DOLLAR
Series A: DSC 6152
LL 6153
LL2 6154
Series B: ISC 6155
Series F: NL 6156
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 72
Fidelity Multi-Sector Bond Fund, Series F
Seeks to offer investors attractive total return and income with the flexibility to navigate changing fixed-income markets.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsFUND BENCHMARK
1 month 2.35 -0.68
3 month 1.90 8.17
6 month 4.92 10.81
1 year 8.34 14.45
2 year 9.25 12.45
Since inception 4.34 6.06
Growth of $10,000 since inception1Growth of $10,000 since inception1
$0
$5,000
$10,000
$15,000
MAY-17 APR-20
FUNDBENCHMARK
$11,348
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018
5.62
12.4
5
6.56
12.0
3
7.13
-1.3
6
Volatility meter1Volatility meter1
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS
AS AT MARCH 31, 2020
United States Treasury
Chicago Board of Trade
Government of Japan
Petroleos Mexicanos
Petrobras Global Finance
Total issuers 124
Top 5 issuers aggregate 24.5%
ALLOCATION1
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Bonds 63.6 56.0
High Yield Bonds 29.4 34.9
Canadian Bonds 3.2 3.4
Futures, Options & Swaps 3.2 1.4
Other Investments 0.9 1.4
Cash & Other -0.3 3.0
COUNTRY MIX (%)
United States 76.3 73.0
United Kingdom 4.8 3.2
Germany 3.1 1.4
Mexico 2.8 2.6
Grand Cayman (UK Overseas Territory) 2.7 2.4
France 1.8 0.0
Sweden 1.8 0.0
Brazil 1.6 3.5
Ireland 1.5 1.9
Italy 1.4 1.5
For the currency neutral version please refer to page 111.1 Please refer to important information on page 131.
Fund factsPortfolio managersJeff MooreMichael Plage
Series inception dateMay 10, 2017
Fund benchmarkBloomberg Barclays U.S. Aggregate Bond Index
NAVPU - Series F$10.13
Fund aggregate assets (all series)$1.001 billion
Management expense ratio –Series F0.92%, as at September 30, 2019
Also offered throughCurrency Neutral
Morningstar fund categoryGlobal Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 5721
LL 5722
LL2 5723
Series B: ISC 5724
Series F: NL 5730U.S. DOLLAR
Series A: DSC 5737
LL 5738
LL2 5739
Series B: ISC 5740
Series F: NL 5746
FIXED-INCOME FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).73 ■ MarketPulse
Fidelity Strategic Income Fund, Series F
Fidelity Strategic Income Fund offers investors the potential for a high level of current income and capital appreciation by investing across a wide range of fixed-income asset classes.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 2.14 3 1.21
3 month -2.82 2 -0.44
6 month -0.24 2 2.14
1 year 0.85 2 4.34
2 year 4.61 2 6.88
3 year 1.95 2 3.27
Since inception 5.32 — 6.35
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
MAY-15 APR-20
FUNDBENCHMARK
$12,948
Calendar year performanceCalendar year performance
-2%
0%
2%
4%
6%
8%
YTD2019201820172016
-0.3
4
2.44
5.16
5.70
5.89
6.91
0.44
0.05
5.71
6.19
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 6.28 5.99
Beta 1.00 —
R2 0.91 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Dish Network 3.375%, 8/26 – Communication Services
Dish Network 2.375%, 3/15/24 – Communication Services
Vistra Energy – Utilities
United Rentals – Industrials
Denbury Resources – Energy
Southeastern Grocers – Consumer Staples
NRG Energy – Utilities
Tops Friendly Markets – Consumer Staples
HCA Healthcare – Health Care
Tribune Resources – Energy
Total holdings 1,551
Top 10 holdings aggregate 0.9%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Bonds 54.5 54.7
High Yield Bonds 36.5 38.6
Other Investments 2.0 2.6
Cash & Other 7.0 4.1
COUNTRY MIX (%)
United States 61.8 63.9
Japan 2.6 2.7
Germany 2.1 0.0
Canada 1.9 2.6
United Kingdom 1.8 1.4
Ireland 1.7 2.2
France 1.4 0.0
Mexico 1.4 1.4
Netherlands 1.3 1.6
Israel 1.3 0.0
For the currency neutral version please refer to page 111.1 The blended benchmark is 40% ICE BofA/ML U.S. High Yield Master II Constrained Index, 5% S&P/LSTA Leveraged Loan Index, 25% Barclays Capital Global Aggregate Bond Index, 15% Barclays Capital U.S. Government Bond Index and 15% JP Morgan EMBI Global Diversified Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersAdam KramerFord O'Neil
Series inception dateMay 6, 2015
Fund benchmarkBlended index1
NAVPU - Series F$10.34
Fund aggregate assets (all series)$236.9 million
Management expense ratio –Series F0.91%, as at September 30, 2019
Also offered throughCurrency Neutral
Morningstar fund categoryHigh Yield Fixed Income
Fund CodesCANADIAN DOLLAR
Series A: DSC 2712
LL 2713
LL2 2714
Series B: ISC 2715
Series F: NL 2716U.S. DOLLAR
Series A: DSC 2718
LL 2719
LL2 2720
Series B: ISC 2721
Series F: NL 2722
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 74
Fidelity Income Portfolio, Series F
The Portfolio aims to achieve a combination of capital gains and income. It invests primarily in underlying funds that generally invest in Canadian equity and fixed-income securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 5.75 1 5.04
3 month -3.13 2 -2.56
6 month 0.01 2 0.60
1 year 2.20 1 2.70
3 year 3.07 1 3.69
5 year 3.99 1 4.24
10 year 6.10 1 6.14
Since inception 5.11 — 5.16
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
$25,000
APR-07 APR-20
FUNDBENCHMARK
$19,163
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-1.1
3
-0.6
7
10.3
7
10.9
5
-0.0
2
-0.3
4
4.85
5.56
3.51
5.84
7.36
4.56
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 6.71 5.93
Beta 1.11 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
19.5Canadian Equities
7.6Fidelity Canadian Disciplined Equity® Fund
2.9Fidelity Canadian Growth Company Fund
2.9Fidelity Dividend Fund
2.3Fidelity True North® Fund
1.8Fidelity Canadian Large Cap Fund
1.0Fidelity Canadian Fundamental Equity Multi-Asset Base Fund
1.0Fidelity Canadian Opportunities Fund
2.0U.S. Equities
1.1Fidelity U.S. All Cap Fund
0.5Energy Select Sector SPDR ETF
0.4Fidelity Small Cap America Fund
17.4International Equities
6.8Fidelity Global Dividend Investment Trust
4.7Fidelity Emerging Markets Fund
2.7Fidelity Global Intrinsic Value Investment Trust
2.2Fidelity International Growth Multi-Asset Base Fund
0.8Fidelity Global Real Estate Multi-Asset Base Fund
0.2Fidelity Frontier Emerging Markets Fund
47.5Investment-Grade Debt
19.0Fidelity Canadian Bond Fund
17.2Fidelity Global Bond Multi-Asset Base Fund
10.2Fidelity Canadian Short Term Fixed Income Multi-Asset Base Fund
0.7iShares 20+ Year Treasury Bond ETF
0.4Fidelity Global Bond Currency Neutral Multi-Asset Base Fund
4.1Inflation-Protected Debt
4.1Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
3.3High-Yield Debt
2.3Fidelity High Income Commercial Real Estate Multi-Asset Base Fund
0.5Fidelity American High Yield Fund
0.5Fidelity Floating Rate High Income Fund
6.6Money Market/Cash & Other
4.9iShares Comex Gold Trust ETF
1.3Fidelity Emerging Markets Local Currency Debt Multi-Asset Base Fund
0.4Fidelity Canadian Money Market Investment Trust
1 The blended benchmark is 24% S&P/TSX Capped Composite Index, 16% MSCI All Country World ex Canada Index, 18% Barclays Capital Global Aggregate Bond Index, 27% FTSE Canada Universe Bond Index and 15% FTSE Canada 91 Day T-Bill Index. Prior to October 1, 2013, the benchmark was 10% S&P/TSX Capped Composite Index, 11% Barclays Capital Global Aggregate Bond Index – Hedged CAD, 10% ICE BofA/ML U.S. High Yield Master II Constrained Index – Hedged CAD, 10.5% MSCI Canada Value Capped Index, 8% MSCI High Dividend Yield Index, 6% FTSE EPRA/NAREIT Developed (N) Index, 31.5% FTSE Canada Universe Bond Index, 10% FTSE Canada Short Term Bond Index and 3% of a blend represented by 80% allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 20% allocation to the S&P BMI U.S. REIT Index – Hedged CAD (which, prior to August 1, 2010, was the S&P/TSX Capped Income Trust Index). ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateApril 18, 2007
Fund benchmarkBlended index1
NAVPU - Series F$12.19
Fund aggregate assets (all series)$628.4 million
Management expense ratio –Series F1.01%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2501
LL 2801
LL2 2001
Series B: ISC 2201
Series F: NL 2601
Series T8 (T-SWP): DSC 2511
LL 2811
LL2 2011
Series S8 (T-SWP): ISC 2211
Series F8 (T-SWP): NL 2611
Series T5 (T-SWP): DSC 2521
LL 2821
LL2 2021
Series S5 (T-SWP): ISC 2221
Series F5 (T-SWP): NL 2621
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).75 ■ MarketPulse
Fidelity Global Income Portfolio, Series F
The Portfolio aims to achieve a combination of capital gains and income. It invests primarily in underlying funds that generally invest in global equity and fixed-income securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 5.36 2 4.44
3 month -3.02 2 -1.56
6 month 0.09 2 1.54
1 year 2.22 1 3.59
3 year 3.13 1 4.07
5 year 4.52 1 4.98
10 year 6.59 1 6.82
Since inception 5.27 — 5.53
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
$25,000
APR-07 APR-20
FUNDBENCHMARK
$19,549
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-1.2
0
0.30
10.1
6
10.1
1
0.57
1.14
5.93
6.00
2.31
3.93
10.6
1
8.57
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 6.57 5.37
Beta 1.20 —
R2 0.96 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
10.2Canadian Equities
4.1Fidelity Canadian Disciplined Equity® Fund
1.9Fidelity Canadian Growth Company Fund
1.3Fidelity Dividend Fund
1.2Fidelity True North® Fund
0.7Fidelity Canadian Opportunities Fund
0.6Fidelity Canadian Fundamental Equity Multi-Asset Base Fund
0.4Fidelity Canadian Large Cap Fund
6.1U.S. Equities
5.1Fidelity U.S. All Cap Fund
0.6Energy Select Sector SPDR ETF
0.4Fidelity Small Cap America Fund
23.0International Equities
9.6Fidelity Global Dividend Investment Trust
5.2Fidelity Emerging Markets Fund
4.7Fidelity International Growth Multi-Asset Base Fund
2.6Fidelity Global Intrinsic Value Investment Trust
0.8Fidelity Global Real Estate Multi-Asset Base Fund
0.1Fidelity Frontier Emerging Markets Fund
51.8Investment-Grade Debt
25.1Fidelity Global Bond Multi-Asset Base Fund
11.9Fidelity Canadian Bond Fund
9.3Fidelity Canadian Short Term Fixed Income Multi-Asset Base Fund
4.4iShares TIPS Bond ETF
0.6iShares 20+ Year Treasury Bond ETF
0.5Fidelity Global Bond Currency Neutral Multi-Asset Base Fund
3.6High-Yield Debt
1.7Fidelity High Income Commercial Real Estate Multi-Asset Base Fund
0.9Fidelity Emerging Markets Debt Multi-Asset Base Fund
0.5Fidelity Floating Rate High Income Fund
0.5Fidelity Global High Yield Multi-Asset Base Fund
5.3Money Market/Cash & Other
4.2iShares Comex Gold Trust ETF
1.2Fidelity Emerging Markets Local Currency Debt Multi-Asset Base Fund
0.2Fidelity Canadian Money Market Investment Trust
-0.3Other
1 The blended benchmark is 14% S&P/TSX Capped Composite Index, 26% MSCI All Country World ex Canada Index, 29% Barclays Capital Global Aggregate Bond Index, 16% FTSE Canada Universe Bond Index and 15% FTSE Canada 91 Day T-Bill Index. Prior to October 1, 2013, the benchmark was 10% S&P/TSX Capped Composite Index, 31.5% Barclays Capital Global Aggregate Bond Index – Hedged CAD, 15% ICE BofA/ML U.S. High Yield Master II Constrained Index – Hedged CAD, 7% MSCI Canada Value Capped Index, 12% MSCI High Dividend Yield Index, 6.5% FTSE EPRA/NAREIT Developed (N) Index, 11% FTSE Canada Universe Bond Index, 5% FTSE Canada Short Term Bond Index and 2% of a blend represented by 80% allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 20% allocation to the S&P BMI U.S. REIT Index – Hedged CAD (which, prior to August 1, 2010, was the S&P/TSX Capped Income Trust Index). ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateApril 18, 2007
Fund benchmarkBlended index1
NAVPU - Series F$13.39
Fund aggregate assets (all series)$2.364 billion
Management expense ratio –Series F1.01%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2502
LL 2802
LL2 2002
Series B: ISC 2202
Series F: NL 2602
Series T8 (T-SWP): DSC 2512
LL 2812
LL2 2012
Series S8 (T-SWP): ISC 2212
Series F8 (T-SWP): NL 2612
Series T5 (T-SWP): DSC 2522
LL 2822
LL2 2022
Series S5 (T-SWP): ISC 2222
Series F5 (T-SWP): NL 2622
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 76
Fidelity Balanced Portfolio, Series F
The Portfolio aims to achieve a high total investment return. The Portfolio uses a balanced approach. It invests primarily in underlying funds that generally invest in Canadian equity and fixed-income securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 7.90 1 6.88
3 month -4.48 1 -5.23
6 month -0.56 1 -1.31
1 year 1.23 1 0.56
3 year 3.66 1 3.70
5 year 4.64 1 4.61
10 year 7.03 1 6.99
Since inception 5.36 — 5.10
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
$25,000
APR-07 APR-20
FUNDBENCHMARK
$19,754
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-2.6
2
-3.4
4
14.0
8
14.7
3
-1.3
8
-2.0
5
7.28
7.74
4.64
8.58
7.47
3.92
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 9.05 8.46
Beta 1.05 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
32.1Canadian Equities
10.8Fidelity Canadian Disciplined Equity® Fund
6.8Fidelity Canadian Growth Company Fund
4.9Fidelity True North® Fund
4.7Fidelity Canadian Large Cap Fund
2.6Fidelity Canadian Opportunities Fund
2.3Fidelity Canadian Fundamental Equity Multi-Asset Base Fund
6.5U.S. Equities
2.8Fidelity U.S. All Cap Fund
2.3Fidelity Insights Investment Trust
0.9Energy Select Sector SPDR ETF
0.5Fidelity Small Cap America Fund
19.5International Equities
7.1Fidelity Emerging Markets Fund
5.5Fidelity International Growth Multi-Asset Base Fund
3.2Fidelity Global Intrinsic Value Investment Trust
1.7Fidelity International Equity Investment Trust
1.2Fidelity Global Real Estate Multi-Asset Base Fund
0.6MSCI EAFE Futures
0.2Fidelity Frontier Emerging Markets Fund
32.3Investment-Grade Debt
15.6Fidelity Global Bond Multi-Asset Base Fund
14.2Fidelity Canadian Bond Fund
2.0iShares 20+ Year Treasury Bond ETF
0.5Fidelity Global Bond Currency Neutral Multi-Asset Base Fund
3.1Inflation-Protected Debt
3.1Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.0High-Yield Debt
0.5Fidelity American High Yield Fund
0.5Fidelity Floating Rate High Income Fund
5.6Money Market/Cash & Other
3.6iShares Comex Gold Trust ETF
1.6iShares Core S&P Total U.S. Stock Market ETF
0.7Fidelity Canadian Money Market Investment Trust
0.3Fidelity Emerging Markets Local Currency Debt Multi-Asset Base Fund
0.1Futures Collateral
-0.7Other
1 The blended benchmark is 36% S&P/TSX Capped Composite Index, 24% MSCI All Country World ex Canada Index, 14% Barclays Capital Global Aggregate Bond Index, 21% FTSE Canada Universe Bond Index and 5% FTSE Canada 91 Day T-Bill Index. Prior to October 1, 2013, the benchmark was 12.5% S&P/TSX Capped Composite Index, 5.5% Barclays Capital Global Aggregate Bond Index – Hedged CAD, 5% ICE BofA/ML U.S. High Yield Master II Constrained Index – Hedged CAD, 10% MSCI AC World ex U.S. Index, 7% MSCI Canada Value Capped Index, 4% MSCI High Dividend Yield Index, 5.5% FTSE EPRA/NAREIT Developed (N) Index, 26% FTSE Canada Universe Bond Index, 10% S&P 500 Index, 2% of a blend represented by 80% allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 20% allocation to the S&P BMI U.S. REIT Index – Hedged CAD (which, prior to August 1, 2010, was the S&P/TSX Capped Income Trust Index) and 12.5% S&P/TSX Completion Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateApril 18, 2007
Fund benchmarkBlended index1
NAVPU - Series F$12.69
Fund aggregate assets (all series)$1.200 billion
Management expense ratio –Series F1.10%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Neutral Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2503
LL 2803
LL2 2003
Series B: ISC 2203
Series F: NL 2603
Series T8 (T-SWP): DSC 2513
LL 2813
LL2 2013
Series S8 (T-SWP): ISC 2213
Series F8 (T-SWP): NL 2613
Series T5 (T-SWP): DSC 2523
LL 2823
LL2 2023
Series S5 (T-SWP): ISC 2223
Series F5 (T-SWP): NL 2623
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).77 ■ MarketPulse
Fidelity Global Balanced Portfolio, Series F
The Portfolio aims to achieve a high total investment return. The Portfolio uses a balanced approach. It invests primarily in underlying funds that generally invest in global equity and fixed-income securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 7.42 1 6.30
3 month -4.32 1 -3.95
6 month -0.38 1 -0.08
1 year 1.11 1 1.79
3 year 4.08 1 4.29
5 year 5.43 1 5.57
10 year 7.70 1 7.87
Since inception 5.39 — 5.42
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
$25,000
APR-07 APR-20
FUNDBENCHMARK
$19,844
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-2.7
5
-2.2
4
14.0
3
13.8
7
-0.4
4
-0.3
2
9.53
8.57
2.50
5.89
11.5
7
8.98
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 8.88 7.70
Beta 1.14 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
17.1Canadian Equities
5.9Fidelity Canadian Disciplined Equity® Fund
4.8Fidelity Canadian Growth Company Fund
2.1Fidelity True North® Fund
1.7Fidelity Canadian Opportunities Fund
1.7Fidelity Canadian Large Cap Fund
0.9Fidelity Canadian Fundamental Equity Multi-Asset Base Fund
14.5U.S. Equities
7.4Fidelity U.S. All Cap Fund
3.6Fidelity U.S. Focused Stock Fund
2.3Fidelity Insights Investment Trust
0.8Energy Select Sector SPDR ETF
0.4Fidelity Small Cap America Fund
27.0International Equities
9.3Fidelity International Growth Multi-Asset Base Fund
8.7Fidelity Emerging Markets Fund
4.8Fidelity Global Intrinsic Value Investment Trust
2.6Fidelity International Equity Investment Trust
1.2Fidelity Global Real Estate Multi-Asset Base Fund
0.3MSCI EAFE Futures
0.1Fidelity Frontier Emerging Markets Fund
35.2Investment-Grade Debt
21.2Fidelity Global Bond Multi-Asset Base Fund
8.5Fidelity Canadian Bond Fund
3.3iShares TIPS Bond ETF
1.7iShares 20+ Year Treasury Bond ETF
0.5Fidelity Global Bond Currency Neutral Multi-Asset Base Fund
1.5High-Yield Debt
0.5Fidelity Emerging Markets Debt Multi-Asset Base Fund
0.5Fidelity Floating Rate High Income Fund
0.5Fidelity Global High Yield Multi-Asset Base Fund
5.0Money Market/Cash & Other
3.2iShares Comex Gold Trust ETF
1.8iShares Core S&P Total U.S. Stock Market ETF
0.5Fidelity Canadian Money Market Investment Trust
0.3Fidelity Emerging Markets Local Currency Debt Multi-Asset Base Fund
-0.8Other
1 The blended benchmark is 21% S&P/TSX Capped Composite Index, 39% MSCI All Country World ex Canada Index, 23% Barclays Capital Global Aggregate Bond Index, 12% FTSE Canada Universe Bond Index and 5% FTSE Canada 91 Day T-Bill Index. Prior to October 1, 2013, the benchmark was 10% S&P/TSX Capped Composite Index, 18.5% Barclays Capital Global Aggregate Bond Index – Hedged CAD, 7.5% ICE BofA/ML U.S. High Yield Master II Constrained Index – Hedged CAD, 10% MSCI AC World ex U.S. Index, 3.5% MSCI Canada Value Capped Index, 8% MSCI High Dividend Yield Index, 11% FTSE EPRA/NAREIT Developed (N) Index, 10.5% FTSE Canada Universe Bond Index, 10% S&P 500 Index, 1% of a blend represented by 80% allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 20% allocation to the S&P BMI U.S. REIT Index – Hedged CAD (which, prior to August 1, 2010, was the S&P/TSX Capped Income Trust Index) and 10% S&P/TSX Completion Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateApril 18, 2007
Fund benchmarkBlended index1
NAVPU - Series F$13.86
Fund aggregate assets (all series)$7.012 billion
Management expense ratio –Series F1.10%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Neutral Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2504
LL 2804
LL2 2004
Series B: ISC 2204
Series F: NL 2604
Series T8 (T-SWP): DSC 2514
LL 2814
LL2 2014
Series S8 (T-SWP): ISC 2214
Series F8 (T-SWP): NL 2614
Series T5 (T-SWP): DSC 2524
LL 2824
LL2 2024
Series S5 (T-SWP): ISC 2224
Series F5 (T-SWP): NL 2624
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 78
Fidelity Growth Portfolio, Series F
The Portfolio aims to achieve a high total investment return. The Portfolio is geared towards capital growth. It invests primarily in underlying funds that generally invest in Canadian and international equity and fixed-income securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 9.71 1 9.03
3 month -5.48 1 -8.86
6 month -0.45 1 -4.19
1 year 0.97 1 -2.79
3 year 4.84 1 3.36
5 year 5.69 1 4.71
10 year 8.55 1 7.77
Since inception 6.01 — 5.05
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
APR-07 APR-20
FUNDBENCHMARK
$21,423
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-3.6
0
-7.4
0
18.7
6
19.2
9
-2.7
0
-4.3
9
10.1
2
10.4
2
6.07
12.0
5
7.50
2.49
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 11.37 11.76
Beta 0.95 —
R2 0.96 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
48.5Canadian Equities
16.4Fidelity Canadian Disciplined Equity® Fund
11.2Fidelity Canadian Growth Company Fund
7.6Fidelity True North® Fund
5.7Fidelity Canadian Large Cap Fund
3.9Fidelity Canadian Opportunities Fund
3.7Fidelity Canadian Fundamental Equity Multi-Asset Base Fund
11.6U.S. Equities
7.1Fidelity Insights Investment Trust
3.1Fidelity U.S. All Cap Fund
1.0Energy Select Sector SPDR ETF
0.4Fidelity Small Cap America Fund
25.0International Equities
12.1Fidelity International Growth Multi-Asset Base Fund
8.3Fidelity Emerging Markets Fund
2.2Fidelity Global Intrinsic Value Investment Trust
1.5Fidelity Global Real Estate Multi-Asset Base Fund
0.7MSCI EAFE Futures
0.2Fidelity Frontier Emerging Markets Fund
7.3Investment-Grade Debt
4.1iShares 20+ Year Treasury Bond ETF
3.2Fidelity Global Bond Multi-Asset Base Fund
2.1Inflation-Protected Debt
2.1Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
0.5High-Yield Debt
0.5Fidelity American High Yield Fund
5.4Money Market/Cash & Other
3.7iShares Comex Gold Trust ETF
0.9Fidelity Canadian Money Market Investment Trust
0.7Other
0.1Futures Collateral
1 The blended benchmark is 51% S&P/TSX Capped Composite Index, 34% MSCI All Country World ex Canada Index, 6% Barclays Capital Global Aggregate Bond Index and 9% FTSE Canada Universe Bond Index. Prior to October 1, 2013, the benchmark was 15% S&P/TSX Capped Composite Index, 5% MSCI AC Far East ex Japan Index, 7.5% MSCI Europe Index, 7% MSCI Canada Value Capped Index, 5% Russell 2000 Index, 10% FTSE EPRA/NAREIT Developed (N) Index, 16% FTSE Canada Universe Bond Index, 12.5% S&P 500 Index, 2% of a blend represented by 80% allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 20% allocation to the S&P BMI U.S. REIT Index – Hedged CAD (which, prior to August 1, 2010, was the S&P/TSX Capped Income Trust Index), 15% S&P/TSX Completion Index and 5% TOPIX. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateApril 18, 2007
Fund benchmarkBlended index1
NAVPU - Series F$15.16
Fund aggregate assets (all series)$433.9 million
Management expense ratio –Series F1.17%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Equity Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2505
LL 2805
LL2 2005
Series B: ISC 2205
Series F: NL 2605
Series T8 (T-SWP): DSC 2515
LL 2815
LL2 2015
Series S8 (T-SWP): ISC 2215
Series F8 (T-SWP): NL 2615
Series T5 (T-SWP): DSC 2525
LL 2825
LL2 2025
Series S5 (T-SWP): ISC 2225
Series F5 (T-SWP): NL 2625
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).79 ■ MarketPulse
Fidelity Global Growth Portfolio, Series F
The Portfolio aims to achieve a high total investment return. The Portfolio is geared towards capital growth. It invests primarily in underlying funds that generally invest in Canadian and international equity and fixed-income securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 9.00 1 8.58
3 month -5.22 1 -7.33
6 month -0.19 1 -2.69
1 year 0.97 1 -1.24
3 year 5.62 1 4.19
5 year 6.76 1 5.87
10 year 9.43 1 8.81
Since inception 6.21 — 5.59
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$10,000
$20,000
$30,000
APR-07 APR-20
FUNDBENCHMARK
$21,955
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-3.7
4
-6.0
2
18.7
3
18.5
4
-1.2
7
-2.5
4
13.4
9
11.8
2
3.11
8.45
12.3
0
8.43
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 11.06 10.95
Beta 0.99 —
R2 0.97 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
25.7Canadian Equities
7.7Fidelity Canadian Disciplined Equity® Fund
6.6Fidelity Canadian Growth Company Fund
4.6Fidelity True North® Fund
2.4Fidelity Canadian Opportunities Fund
2.3Fidelity Canadian Large Cap Fund
2.1Fidelity Canadian Fundamental Equity Multi-Asset Base Fund
23.5U.S. Equities
9.7Fidelity U.S. All Cap Fund
6.7Fidelity Insights Investment Trust
5.7Fidelity U.S. Focused Stock Fund
0.9Energy Select Sector SPDR ETF
0.5Fidelity Small Cap America Fund
35.6International Equities
18.5Fidelity International Growth Multi-Asset Base Fund
10.6Fidelity Emerging Markets Fund
4.9Fidelity Global Intrinsic Value Investment Trust
1.5Fidelity Global Real Estate Multi-Asset Base Fund
0.1Fidelity Frontier Emerging Markets Fund
9.4Investment-Grade Debt
4.1iShares 20+ Year Treasury Bond ETF
3.5Fidelity Global Bond Multi-Asset Base Fund
1.8iShares TIPS Bond ETF
0.5High-Yield Debt
0.5Fidelity Global High Yield Multi-Asset Base Fund
5.6Money Market/Cash & Other
3.0iShares Comex Gold Trust ETF
2.4Other
0.2Fidelity Canadian Money Market Investment Trust
1 The blended benchmark is 30% S&P/TSX Capped Composite Index, 55% MSCI All Country World ex Canada Index, 10% Barclays Capital Global Aggregate Bond Index and 5% FTSE Canada Universe Bond Index. Prior to October 1, 2013, the benchmark was 12.5% S&P/TSX Capped Composite Index, 10.5% Barclays Capital Global Aggregate Bond Index – Hedged CAD, 5% ICE BofA/ML U.S. High Yield Master II Constrained Index – Hedged CAD, 5% MSCI Emerging Markets Index, 5% MSCI AC Far East ex Japan Index, 7.5% MSCI Europe Index, 4% MSCI High Dividend Yield Index, 10% Russell 2000 Index, 10.5% FTSE EPRA/NAREIT Developed (N) Index, 12.5% S&P 500 Index, 12.5% S&P/TSX Completion Index and 5% TOPIX. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateApril 18, 2007
Fund benchmarkBlended index1
NAVPU - Series F$16.99
Fund aggregate assets (all series)$1.912 billion
Management expense ratio –Series F1.15%, as at December 31, 2019
Also offered throughCorporate ClassT-SWP®
Morningstar fund categoryGlobal Equity Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 2506
LL 2806
LL2 2006
Series B: ISC 2206
Series F: NL 2606
Series T8 (T-SWP): DSC 2516
LL 2816
LL2 2016
Series S8 (T-SWP): ISC 2216
Series F8 (T-SWP): NL 2616
Series T5 (T-SWP): DSC 2526
LL 2826
LL2 2026
Series S5 (T-SWP): ISC 2226
Series F5 (T-SWP): NL 2626
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 80
Fidelity Balanced Managed Risk Portfolio, Series F
Fidelity Balanced Managed Risk Portfolio is a diversified multi-asset class solution designed to mitigate the impact of market volatility while also providing the potential for long-term capital growth. The Portfolio uses a tactical asset allocation strategy to manage volatility risk by investing in lower-volatility equity portfolios and fixed-income investments from around the world.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 6.28 2 6.08
3 month -3.48 1 -4.68
6 month 0.29 1 -0.92
1 year 4.49 1 3.09
2 year 5.57 1 5.92
3 year 4.33 1 4.82
Since inception 5.69 — 6.41
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
$20,000
NOV-16 APR-20
FUNDBENCHMARK
$12,108
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD201920182017
-0.9
1
-1.9
4
12.6
7
15.2
1
-0.4
7
-0.8
8
7.96
8.86
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 7.42 8.26
Beta 0.88 —
R2 0.95 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN ISSUERS
AS AT MARCH 31, 2020
Fidelity Global Intrinsic Value Investment Trust
United States Treasury Bond
Fidelity Canadian Short Term Bond Fund
Fidelity Canadian Bond Fund
Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
iShares Comex Gold Trust ETF
Province of Ontario
Government of Canada
Fidelity High Income Commercial Real Estate Multi-Asset Base Fund
Province of Quebec
Total issuers 228
Top 10 issuers aggregate 59.9%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 43.6 40.8
Canadian Bonds 24.2 23.8
Canadian Equities 16.3 16.5
Foreign Bonds 9.6 12.2
Other Investments 1.6 1.8
Investment Grade CMBS 1.1 1.3
Cash & Other 3.6 3.8
EQUITY SECTOR MIX (%)
Financials 9.0 9.6
Materials 7.5 5.8
Industrials 7.4 6.5
Consumer Discretionary 7.2 5.3
Consumer Staples 6.1 5.8
Health Care 5.9 4.2
Information Technology 5.0 3.6
Utilities 4.7 5.1
Communication Services 2.7 3.4
Real Estate 2.5 4.6
COUNTRY MIX (%)
Canada 41.9 40.8
United States 36.2 37.4
Japan 7.7 5.4
United Kingdom 2.1 2.7
1 The blended benchmark is 20% MSCI Canada Minimum Volatility Index, 20% MSCI World Small Cap Index, 20% MSCI World ex-Canada Minimum Volatility, 15% FTSE Canada Universe Bond Index, 10% FTSE Canada Long Term Government Index, 10% Bloomberg Barclays Long Term U.S. Treasury Index, 5% FTSE Canada Short Term Bond Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid WolfDavid Tulk
Series inception dateNovember 16, 2016
Fund benchmarkBlended index1
NAVPU - Series F$11.08
Fund aggregate assets (all series)$191.5 million
Management expense ratio –Series F1.12%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryGlobal Neutral Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 5190
LL 5254
LL2 5257
Series B: ISC 5260
Series F: NL 5263
Series T8 (T-SWP): DSC 5253
LL 5256
LL2 5259
Series S8 (T-SWP): ISC 5262
Series F8 (T-SWP): NL 5265
Series T5 (T-SWP): DSC 5252
LL 5255
LL2 5258
Series S5 (T-SWP): ISC 5261
Series F5 (T-SWP): NL 5264U.S. DOLLAR
Series A: DSC 5271
LL 5274
LL2 5277
Series B: ISC 5280
Series F: NL 5283
Series T8 (T-SWP): DSC 5273
LL 5276
LL2 5279
Series S8 (T-SWP): ISC 5282
Series F8 (T-SWP): NL 5285
Series T5 (T-SWP): DSC 5272
LL 5275
LL2 5278
Series S5 (T-SWP): ISC 5281
Series F5 (T-SWP): NL 5284
FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).81 ■ MarketPulse
Fidelity Conservative Managed Risk Portfolio, Series FFidelity Conservative Risk Managed Portfolio is a multi-asset class solution designed to mitigate the impact of market volatility while also providing some equity exposure for the potential for capital growth. The Portfolio uses a tactical asset allocation strategy to manage volatility risk by investing in lower-volatility equity portfolios and fixed-income investments from around the world.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE3 BENCHMARK1
1 month 5.11 2 4.78
3 month -1.32 1 -1.63
6 month 1.95 1 1.66
1 year 6.29 1 5.96
2 year 6.35 1 7.06
3 year 4.46 1 5.08
Since inception 5.28 — 6.04
Growth of $10,000 since inception3Growth of $10,000 since inception3
$0
$5,000
$10,000
$15,000
NOV-16 APR-20
FUNDBENCHMARK
$11,947
Calendar year performanceCalendar year performance
0%
5%
10%
15%
YTD201920182017
1.55
1.40
10.3
4
12.1
7
0.57
0.29
5.56
6.44
Fund risk measures2Fund risk measures2
FUND BENCHMARK
Annual Standard Deviation3 6.05 6.26
Beta 0.94 —
R2 0.96 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN ISSUERS
AS AT MARCH 31, 2020
Fidelity Canadian Short Term Bond Fund
Fidelity Canadian Bond Fund
Fidelity Global Intrinsic Value Investment Trust
United States Treasury Bond
Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
iShares Comex Gold Trust ETF
Government of Canada
Province of Ontario
Fidelity High Income Commercial Real Estate Multi-Asset Base Fund
Province of Quebec
Total issuers 228
Top 10 issuers aggregate 70.9%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 41.4 41.8
Foreign Equities 29.6 26.9
Canadian Equities 10.9 11.1
Foreign Bonds 10.6 13.6
High Yield Bonds 1.2 1.1
Investment Grade CMBS 1.1 1.3
Other Investments 0.7 0.9
Cash & Other 4.4 3.3
EQUITY SECTOR MIX (%)
Materials 6.1 4.4
Financials 6.0 6.3
Industrials 4.8 4.1
Consumer Discretionary 4.5 3.3
Consumer Staples 4.2 4.0
Health Care 3.8 2.6
Utilities 3.3 3.5
Information Technology 3.3 2.3
Real Estate 1.8 3.2
Communication Services 1.8 2.2
COUNTRY MIX (%)
Canada 53.8 53.2
United States 30.6 31.8
Japan 4.8 3.3
United Kingdom 1.5 2.0
1 The blended benchmark is 15% MSCI Canada Minimum Volatility, 10% MSCI World Small Cap Index, 15% MSCI World ex-Canada Minimum Volatility, 25% FTSE Canada Universe Bond Index, 10% FTSE Canada Long Term Government Index, 10% Bloomberg Barclays Long Term U.S. Treasury Index, 15% FTSE Canada Short Term Bond Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Fund factsPortfolio managersGeoff SteinDavid WolfDavid Tulk
Series inception dateNovember 16, 2016
Fund benchmarkBlended index1
NAVPU - Series F$10.93
Fund aggregate assets (all series)$132.8 million
Management expense ratio –Series F1.00%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryGlobal Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 5290
LL 5293
LL2 5296
Series B: ISC 5299
Series F: NL 5302
Series T8 (T-SWP): DSC 5292
LL 5295
LL2 5298
Series S8 (T-SWP): ISC 5301
Series F8 (T-SWP): NL 5304
Series T5 (T-SWP): DSC 5291
LL 5294
LL2 5297
Series S5 (T-SWP): ISC 5300
Series F5 (T-SWP): NL 5303U.S. DOLLAR
Series A: DSC 5310
LL 5313
LL2 5316
Series B: ISC 5319
Series F: NL 5322
Series T8 (T-SWP): DSC 5312
LL 5315
LL2 5318
Series S8 (T-SWP): ISC 5321
Series F8 (T-SWP): NL 5324
Series T5 (T-SWP): DSC 5311
LL 5314
LL2 5317
Series S5 (T-SWP): ISC 5320
Series F5 (T-SWP): NL 5323
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 82
Fidelity ClearPath® Income Portfolio1, Series F
The objective of the portfolio is to seek current income and capital appreciation.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 3.18 4 3.63
3 month -2.02 1 -0.77
6 month -0.04 2 1.51
1 year 1.48 2 3.49
3 year 2.23 2 3.35
5 year 2.66 2 3.03
10 year 4.64 2 4.42
Since inception 4.56 — 4.27
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$5,000
$10,000
$15,000
$20,000
$25,000
NOV-05 APR-20
FUNDBENCHMARK
$19,078
Calendar year performanceCalendar year performance
-2%
0%
2%
4%
6%
8%
YTD20192018201720162015
-1.0
8
0.79
7.74
7.83
-0.7
4
0.25
4.77
4.17
2.27
3.26
4.09
2.39
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 4.07 3.92
Beta 1.02 —
R2 0.96 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
5.2Canadian Equities
1.6Fidelity Canadian Large Cap Fund
1.6Fidelity Canadian Disciplined Equity® Fund
1.2Fidelity True North® Fund
0.5Fidelity Dividend Multi-Asset Base Fund
0.3Fidelity Canadian Opportunities Fund
13.3International Equities
5.9Fidelity Emerging Markets Fund
2.3Fidelity International Disciplined Equity® Fund
2.3Fidelity International Equity Investment Trust
2.2Fidelity International Equity Multi-Asset Base Fund
0.6Fidelity International Growth Multi-Asset Base Fund
18.8Investment-Grade Debt
18.8Fidelity Canadian Bond Fund
10.8Inflation-Protected Debt
10.8Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.1High-Yield Debt
1.1Fidelity American High Yield Currency Neutral Fund
22.2Short-Term Debt
22.2Fidelity Canadian Short Term Bond Fund
28.5Money Market/Cash & Other
25.3Fidelity Canadian Money Market Fund
3.3Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
-0.1Other
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 5.29% S&P/TSX Capped Composite Index, 7.94% Russell 3000 Index, 7.94% MSCI EAFE + EM Index, 25.01% FTSE Canada Universe Bond Index, 10.00% FTSE Canada Real Return Bond Index, 21.91% FTSE Canada Short Term Bond Index, 21.91% FTSE Canada 91-day Treasury Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$13.05
Fund aggregate assets (all series)$341.6 million
Management expense ratio –Series F0.80%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryCanadian Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 444
LL 333
LL2 307
Series B: ISC 777
Series F: NL 111
Series T8 (T-SWP): DSC 411
LL 311
LL2 378
Series S8 (T-SWP): ISC 711
Series T5 (T-SWP): DSC 1511
LL 1811
LL2 1311
Series S5 (T-SWP): ISC 1211
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).83 ■ MarketPulse
Fidelity ClearPath® 2005 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 3.65 4 4.13
3 month -2.31 2 -1.05
6 month -0.04 2 1.49
1 year 1.75 2 3.75
3 year 2.64 1 3.77
5 year 3.29 1 3.75
10 year 5.04 1 4.88
Since inception 4.82 — 4.58
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$5,000
$10,000
$15,000
$20,000
$25,000
NOV-05 APR-20
FUNDBENCHMARK
$19,794
Calendar year performanceCalendar year performance
-2%
0%
2%
4%
6%
8%
10%
YTD20192018201720162015
-1.1
8
0.69
8.93
8.99
-0.9
2
0.09
6.31
5.77
3.07
4.42
4.16
2.50
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 4.75 4.65
Beta 1.01 —
R2 0.97 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
5.9Canadian Equities
1.8Fidelity Canadian Large Cap Fund
1.8Fidelity Canadian Disciplined Equity® Fund
1.3Fidelity True North® Fund
0.6Fidelity Dividend Multi-Asset Base Fund
0.4Fidelity Canadian Opportunities Fund
0.6U.S. Equities
0.2Fidelity American Disciplined Equity® Fund
0.2Fidelity Insights Investment Trust
0.1Fidelity Small Cap America Fund
0.1Fidelity U.S. Dividend Investment Trust
14.3International Equities
6.2Fidelity Emerging Markets Fund
2.5Fidelity International Disciplined Equity® Fund
2.5Fidelity International Equity Investment Trust
2.4Fidelity International Equity Multi-Asset Base Fund
0.7Fidelity International Growth Multi-Asset Base Fund
26.6Investment-Grade Debt
26.6Fidelity Canadian Bond Fund
10.8Inflation-Protected Debt
10.8Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.1High-Yield Debt
1.1Fidelity American High Yield Currency Neutral Fund
16.9Short-Term Debt
16.9Fidelity Canadian Short Term Bond Fund
23.7Money Market/Cash & Other
20.3Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 6.06% S&P/TSX Capped Composite Index, 9.09% Russell 3000 Index, 9.09% MSCI EAFE + EM Index, 32.59% FTSE Canada Universe Bond Index, 10.00% FTSE Canada Real Return Bond Index, 16.58% FTSE Canada Short Term Bond Index, 16.58% FTSE Canada 91-day Treasury Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$12.94
Fund aggregate assets (all series)$36.6 million
Management expense ratio –Series F0.81%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryCanadian Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 405
LL 305
LL2 306
Series B: ISC 705
Series F: NL 005
Series T8 (T-SWP): DSC 451
LL 351
LL2 357
Series S8 (T-SWP): ISC 751
Series T5 (T-SWP): DSC 1551
LL 1851
LL2 1351
Series S5 (T-SWP): ISC 1251
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 84
Fidelity ClearPath® 2010 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 4.38 3 4.82
3 month -2.74 2 -1.45
6 month -0.11 2 1.44
1 year 1.79 2 3.87
3 year 2.94 1 4.21
5 year 3.77 1 4.46
10 year 5.37 1 5.38
Since inception 5.06 — 4.93
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$5,000
$10,000
$15,000
$20,000
$25,000
NOV-05 APR-20
FUNDBENCHMARK
$20,463
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-1.3
9
0.50
10.1
3
10.2
5
-1.2
7
-0.1
2
7.48
7.16
3.67
5.69
4.43
2.86
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 5.60 5.46
Beta 1.01 —
R2 0.97 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
7.1Canadian Equities
2.2Fidelity Canadian Disciplined Equity® Fund
2.1Fidelity Canadian Large Cap Fund
1.6Fidelity True North® Fund
0.7Fidelity Dividend Multi-Asset Base Fund
0.5Fidelity Canadian Opportunities Fund
1.9U.S. Equities
0.8Fidelity Insights Investment Trust
0.6Fidelity American Disciplined Equity® Fund
0.3Fidelity U.S. Dividend Investment Trust
0.2Fidelity Small Cap America Fund
15.9International Equities
6.7Fidelity Emerging Markets Fund
2.8Fidelity International Equity Multi-Asset Base Fund
2.8Fidelity International Disciplined Equity® Fund
2.8Fidelity International Equity Investment Trust
0.8Fidelity International Growth Multi-Asset Base Fund
37.4Investment-Grade Debt
37.4Fidelity Canadian Bond Fund
10.6Inflation-Protected Debt
10.6Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
9.6Short-Term Debt
9.6Fidelity Canadian Short Term Bond Fund
16.5Money Market/Cash & Other
13.1Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 7.18% S&P/TSX Capped Composite Index, 10.77% Russell 3000 Index, 10.77% MSCI EAFE + EM Index, 42.28% FTSE Canada Universe Bond Index, 9.80% FTSE Canada Real Return Bond Index, 9.59% FTSE Canada Short Term Bond Index, 9.59% FTSE Canada 91-day Treasury Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$13.71
Fund aggregate assets (all series)$111.0 million
Management expense ratio –Series F0.92%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryCanadian Fixed Income Balanced
Fund CodesCANADIAN DOLLAR
Series A: DSC 410
LL 310
LL2 318
Series B: ISC 710
Series F: NL 010
Series T8 (T-SWP): DSC 461
LL 361
LL2 316
Series S8 (T-SWP): ISC 761
Series T5 (T-SWP): DSC 1561
LL 1861
LL2 1361
Series S5 (T-SWP): ISC 1261
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).85 ■ MarketPulse
Fidelity ClearPath® 2015 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 5.12 1 5.55
3 month -3.45 3 -2.49
6 month -0.45 3 0.71
1 year 1.27 2 3.02
3 year 3.09 1 4.34
5 year 4.14 1 4.87
10 year 6.12 1 6.07
Since inception 5.65 — 5.55
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
NOV-05 APR-20
FUNDBENCHMARK
$22,199
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-2.1
9
-0.6
7
11.6
8
11.8
5
-1.7
5
-0.5
6
8.68
8.57
4.33
6.98
4.83
2.82
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 6.48 6.45
Beta 0.99 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
9.5Canadian Equities
2.9Fidelity Canadian Large Cap Fund
2.9Fidelity Canadian Disciplined Equity® Fund
2.2Fidelity True North® Fund
0.9Fidelity Dividend Multi-Asset Base Fund
0.6Fidelity Canadian Opportunities Fund
5.6U.S. Equities
2.1Fidelity Insights Investment Trust
2.0Fidelity American Disciplined Equity® Fund
0.8Fidelity U.S. Dividend Investment Trust
0.7Fidelity Small Cap America Fund
19.5International Equities
7.7Fidelity Emerging Markets Fund
3.6Fidelity International Equity Multi-Asset Base Fund
3.6Fidelity International Disciplined Equity® Fund
3.6Fidelity International Equity Investment Trust
1.0Fidelity International Growth Multi-Asset Base Fund
35.8Investment-Grade Debt
35.8Fidelity Canadian Bond Fund
8.1Inflation-Protected Debt
8.1Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
6.7Short-Term Debt
6.7Fidelity Canadian Short Term Bond Fund
13.6Money Market/Cash & Other
10.2Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 9.59% S&P/TSX Capped Composite Index, 14.38% Russell 3000 Index, 14.38% MSCI EAFE + EM Index, 41.09% FTSE Canada Universe Bond Index, 7.37% FTSE Canada Real Return Bond Index, 6.60% FTSE Canada Short Term Bond Index, 6.60% FTSE Canada 91-day Treasury Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$14.16
Fund aggregate assets (all series)$314.0 million
Management expense ratio –Series F0.99%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryShort Term Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 415
LL 315
LL2 314
Series B: ISC 715
Series F: NL 015
Series T8 (T-SWP): DSC 471
LL 2871
LL2 2371
Series S8 (T-SWP): ISC 771
Series T5 (T-SWP): DSC 2471
LL 2571
LL2 2671
Series S5 (T-SWP): ISC 2771
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 86
Fidelity ClearPath® 2020 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 5.94 1 6.38
3 month -4.25 4 -3.72
6 month -0.84 3 -0.17
1 year 0.71 4 2.00
3 year 3.21 1 4.35
5 year 4.42 1 5.09
10 year 6.62 1 6.58
Since inception 6.02 — 5.88
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
NOV-05 APR-20
FUNDBENCHMARK
$23,342
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-3.1
2
-2.0
6
13.5
1
13.6
9
-2.3
4
-1.1
3
9.63
9.66
4.85
7.89
5.25
3.06
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 7.51 7.63
Beta 0.97 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
12.4Canadian Equities
3.9Fidelity Canadian Disciplined Equity® Fund
3.7Fidelity Canadian Large Cap Fund
2.8Fidelity True North® Fund
1.2Fidelity Dividend Multi-Asset Base Fund
0.8Fidelity Canadian Opportunities Fund
9.7U.S. Equities
3.5Fidelity Insights Investment Trust
3.4Fidelity American Disciplined Equity® Fund
1.4Fidelity Small Cap America Fund
1.4Fidelity U.S. Dividend Investment Trust
23.9International Equities
9.0Fidelity Emerging Markets Fund
4.6Fidelity International Disciplined Equity® Fund
4.6Fidelity International Equity Investment Trust
4.5Fidelity International Equity Multi-Asset Base Fund
1.2Fidelity International Growth Multi-Asset Base Fund
32.6Investment-Grade Debt
32.6Fidelity Canadian Bond Fund
5.6Inflation-Protected Debt
5.6Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
3.9Short-Term Debt
3.9Fidelity Canadian Short Term Bond Fund
10.8Money Market/Cash & Other
7.4Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 12.41% S&P/TSX Capped Composite Index, 18.61% Russell 3000 Index, 18.61% MSCI EAFE + EM Index, 38.19% FTSE Canada Universe Bond Index, 4.87% FTSE Canada Real Return Bond Index, 3.66% FTSE Canada Short Term Bond Index, 3.66% FTSE Canada 91-day Treasury Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$14.99
Fund aggregate assets (all series)$825.9 million
Management expense ratio –Series F1.05%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryShort Term Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 402
LL 302
LL2 057
Series B: ISC 702
Series F: NL 020
Series T8 (T-SWP): DSC 2867
LL 2869
LL2 2872
Series S8 (T-SWP): ISC 2874
Series T5 (T-SWP): DSC 2861
LL 2863
LL2 2865
Series S5 (T-SWP): ISC 2873
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).87 ■ MarketPulse
Fidelity ClearPath® 2025 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 6.78 1 7.20
3 month -4.97 4 -4.82
6 month -1.16 3 -0.95
1 year 0.22 4 1.09
3 year 3.34 2 4.36
5 year 4.63 1 5.14
10 year 7.31 1 6.94
Since inception 6.52 — 6.16
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
NOV-05 APR-20
FUNDBENCHMARK
$24,988
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-3.9
2
-3.2
7
15.1
4
15.3
2
-2.8
1
-1.6
4
10.3
6
10.4
8
5.19
8.60
5.61
2.70
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 8.48 8.73
Beta 0.96 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
15.2Canadian Equities
4.7Fidelity Canadian Disciplined Equity® Fund
4.5Fidelity Canadian Large Cap Fund
3.5Fidelity True North® Fund
1.5Fidelity Dividend Multi-Asset Base Fund
1.0Fidelity Canadian Opportunities Fund
13.7U.S. Equities
4.9Fidelity Insights Investment Trust
4.8Fidelity American Disciplined Equity® Fund
2.0Fidelity Small Cap America Fund
2.0Fidelity U.S. Dividend Investment Trust
27.6International Equities
10.1Fidelity Emerging Markets Fund
5.4Fidelity International Disciplined Equity® Fund
5.4Fidelity International Equity Investment Trust
5.3Fidelity International Equity Multi-Asset Base Fund
1.4Fidelity International Growth Multi-Asset Base Fund
32.2Investment-Grade Debt
32.2Fidelity Canadian Bond Fund
3.1Inflation-Protected Debt
3.1Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
7.0Money Market/Cash & Other
3.6Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 14.98% S&P/TSX Capped Composite Index, 22.48% Russell 3000 Index, 22.48% MSCI EAFE + EM Index, 37.44% FTSE Canada Universe Bond Index, 2.37% FTSE Canada Real Return Bond Index, 0.12% FTSE Canada Short Term Bond Index, 0.12% FTSE Canada 91-day Treasury Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$15.88
Fund aggregate assets (all series)$1.038 billion
Management expense ratio –Series F1.04%, as at December 31, 2019
Morningstar fund category2025 Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 425
LL 325
LL2 067
Series B: ISC 725
Series F: NL 025
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 88
Fidelity ClearPath® 2030 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 7.25 1 7.68
3 month -5.53 3 -5.75
6 month -1.52 3 -1.72
1 year -0.38 3 0.11
3 year 3.30 3 4.24
5 year 4.71 1 5.10
10 year 7.52 1 7.04
Since inception 6.63 — 6.17
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
NOV-05 APR-20
FUNDBENCHMARK
$25,347
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-4.6
7
-4.4
1
16.1
2
16.3
8
-3.1
8
-1.9
9
10.9
8
11.2
3
5.50
9.40
5.72
2.08
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 9.11 9.51
Beta 0.95 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
17.2Canadian Equities
5.3Fidelity Canadian Disciplined Equity® Fund
5.2Fidelity Canadian Large Cap Fund
3.9Fidelity True North® Fund
1.7Fidelity Dividend Multi-Asset Base Fund
1.1Fidelity Canadian Opportunities Fund
16.9U.S. Equities
6.0Fidelity Insights Investment Trust
5.9Fidelity American Disciplined Equity® Fund
2.5Fidelity Small Cap America Fund
2.5Fidelity U.S. Dividend Investment Trust
30.9International Equities
11.1Fidelity Emerging Markets Fund
6.1Fidelity International Disciplined Equity® Fund
6.1Fidelity International Equity Investment Trust
6.0Fidelity International Equity Multi-Asset Base Fund
1.6Fidelity International Growth Multi-Asset Base Fund
26.2Investment-Grade Debt
26.2Fidelity Canadian Bond Fund
0.7Inflation-Protected Debt
0.7Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
7.0Money Market/Cash & Other
3.6Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 17.07% S&P/TSX Capped Composite Index, 25.61% Russell 3000 Index, 25.61% MSCI EAFE + EM Index, 31.64% FTSE Canada Universe Bond Index, 0.08% FTSE Canada Real Return Bond Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$16.84
Fund aggregate assets (all series)$841.4 million
Management expense ratio –Series F1.10%, as at December 31, 2019
Morningstar fund category2030 Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 430
LL 330
LL2 338
Series B: ISC 730
Series F: NL 030
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).89 ■ MarketPulse
Fidelity ClearPath® 2035 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 7.78 1 8.24
3 month -6.24 2 -6.97
6 month -1.93 2 -2.69
1 year -1.14 2 -1.21
3 year 3.42 2 4.24
5 year 5.17 1 5.47
10 year 8.19 1 7.41
Since inception 7.07 — 6.41
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
NOV-05 APR-20
FUNDBENCHMARK
$26,930
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-5.5
9
-5.8
5
17.6
8
17.9
3
-3.7
1
-2.5
8
12.5
7
13.0
4
6.54
11.2
2
6.02
1.66
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 10.06 10.68
Beta 0.93 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
19.8Canadian Equities
6.1Fidelity Canadian Disciplined Equity® Fund
5.9Fidelity Canadian Large Cap Fund
4.5Fidelity True North® Fund
2.0Fidelity Dividend Multi-Asset Base Fund
1.3Fidelity Canadian Opportunities Fund
20.7U.S. Equities
7.3Fidelity American Disciplined Equity® Fund
7.2Fidelity Insights Investment Trust
3.1Fidelity Small Cap America Fund
3.1Fidelity U.S. Dividend Investment Trust
34.4International Equities
12.2Fidelity Emerging Markets Fund
6.9Fidelity International Disciplined Equity® Fund
6.8Fidelity International Equity Multi-Asset Base Fund
6.7Fidelity International Equity Investment Trust
1.8Fidelity International Growth Multi-Asset Base Fund
16.4Investment-Grade Debt
16.4Fidelity Canadian Bond Fund
0.7Inflation-Protected Debt
0.7Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
6.9Money Market/Cash & Other
3.5Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 19.58% S&P/TSX Capped Composite Index, 29.36% Russell 3000 Index, 29.36% MSCI EAFE + EM Index, 21.70% FTSE Canada Universe Bond Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$17.91
Fund aggregate assets (all series)$622.5 million
Management expense ratio –Series F1.10%, as at December 31, 2019
Morningstar fund category2035 Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 435
LL 336
LL2 334
Series B: ISC 735
Series F: NL 035
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 90
Fidelity ClearPath® 2040 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 8.55 1 9.03
3 month -7.17 3 -8.60
6 month -2.53 3 -4.06
1 year -2.08 3 -2.88
3 year 3.30 2 3.92
5 year 5.12 2 5.21
10 year 8.29 1 7.39
Since inception 7.13 — 6.38
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
NOV-05 APR-20
FUNDBENCHMARK
$27,130
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-6.7
8
-7.7
7
19.2
3
19.5
6
-4.2
9
-3.1
8
13.1
3
13.7
8
6.56
11.5
0
6.08
1.11
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 11.08 11.97
Beta 0.92 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
23.0Canadian Equities
7.1Fidelity Canadian Disciplined Equity® Fund
6.9Fidelity Canadian Large Cap Fund
5.2Fidelity True North® Fund
2.3Fidelity Dividend Multi-Asset Base Fund
1.5Fidelity Canadian Opportunities Fund
26.1U.S. Equities
9.2Fidelity American Disciplined Equity® Fund
9.1Fidelity Insights Investment Trust
3.9Fidelity Small Cap America Fund
3.9Fidelity U.S. Dividend Investment Trust
39.8International Equities
13.7Fidelity Emerging Markets Fund
8.1Fidelity International Disciplined Equity® Fund
8.0Fidelity International Equity Multi-Asset Base Fund
7.8Fidelity International Equity Investment Trust
2.2Fidelity International Growth Multi-Asset Base Fund
2.5Investment-Grade Debt
2.5Fidelity Canadian Bond Fund
0.7Inflation-Protected Debt
0.7Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
6.8Money Market/Cash & Other
3.4Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 22.92% S&P/TSX Capped Composite Index, 34.37% Russell 3000 Index, 34.37% MSCI EAFE + EM Index, 8.34% FTSE Canada Universe Bond Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$18.05
Fund aggregate assets (all series)$420.4 million
Management expense ratio –Series F1.15%, as at December 31, 2019
Morningstar fund category2035+ Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 440
LL 340
LL2 324
Series B: ISC 740
Series F: NL 040
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).91 ■ MarketPulse
Fidelity ClearPath® 2045 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 8.55 1 9.03
3 month -7.18 3 -8.60
6 month -2.53 3 -4.06
1 year -2.10 3 -2.88
3 year 3.29 2 3.92
5 year 5.07 2 5.14
10 year 8.38 1 7.38
Since inception 7.21 — 6.39
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$10,000
$20,000
$30,000
$40,000
NOV-05 APR-20
FUNDBENCHMARK
$27,435
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-6.7
9
-7.7
7
19.2
1
19.5
6
-4.3
1
-3.1
8
13.1
0
13.7
8
6.49
11.4
8
6.02
0.86
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 11.08 11.97
Beta 0.92 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
23.0Canadian Equities
7.1Fidelity Canadian Disciplined Equity® Fund
6.9Fidelity Canadian Large Cap Fund
5.2Fidelity True North® Fund
2.3Fidelity Dividend Multi-Asset Base Fund
1.5Fidelity Canadian Opportunities Fund
26.1U.S. Equities
9.2Fidelity American Disciplined Equity® Fund
9.1Fidelity Insights Investment Trust
3.9Fidelity Small Cap America Fund
3.9Fidelity U.S. Dividend Investment Trust
39.8International Equities
13.7Fidelity Emerging Markets Fund
8.1Fidelity International Disciplined Equity® Fund
8.0Fidelity International Equity Multi-Asset Base Fund
7.8Fidelity International Equity Investment Trust
2.2Fidelity International Growth Multi-Asset Base Fund
2.5Investment-Grade Debt
2.5Fidelity Canadian Bond Fund
0.7Inflation-Protected Debt
0.7Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
6.8Money Market/Cash & Other
3.4Fidelity Canadian Money Market Fund
3.4Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% Russell 3000 Index, 34.54% MSCI EAFE + EM Index, 7.89% FTSE Canada Universe Bond Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateNovember 3, 2005
Fund benchmarkBlended index2
NAVPU - Series F$18.56
Fund aggregate assets (all series)$347.5 million
Management expense ratio –Series F1.16%, as at December 31, 2019
Morningstar fund category2035+ Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 445
LL 345
LL2 043
Series B: ISC 745
Series F: NL 045
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 92
Fidelity ClearPath® 2050 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 8.55 1 9.03
3 month -7.17 3 -8.60
6 month -2.53 3 -4.06
1 year -2.11 3 -2.88
2 year 2.52 3 2.83
3 year 3.26 2 3.92
5 year 5.03 2 5.07
Since inception 6.29 — 5.62
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$5,000
$10,000
$15,000
$20,000
JUL.-14 APR-20
FUNDBENCHMARK
$14,261
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-6.7
8
-7.7
7
19.1
6
19.5
6
-4.3
2
-3.1
8
13.0
5
13.7
8
6.47
11.4
8
6.09
0.57
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 11.07 11.97
Beta 0.92 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
23.0Canadian Equities
7.1Fidelity Canadian Disciplined Equity® Fund
6.9Fidelity Canadian Large Cap Fund
5.2Fidelity True North® Fund
2.3Fidelity Dividend Multi-Asset Base Fund
1.5Fidelity Canadian Opportunities Fund
26.1U.S. Equities
9.2Fidelity American Disciplined Equity® Fund
9.1Fidelity Insights Investment Trust
3.9Fidelity Small Cap America Fund
3.9Fidelity U.S. Dividend Investment Trust
39.8International Equities
13.7Fidelity Emerging Markets Fund
8.1Fidelity International Disciplined Equity® Fund
8.0Fidelity International Equity Multi-Asset Base Fund
7.8Fidelity International Equity Investment Trust
2.2Fidelity International Growth Multi-Asset Base Fund
2.5Investment-Grade Debt
2.5Fidelity Canadian Bond Fund
0.7Inflation-Protected Debt
0.7Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
6.7Money Market/Cash & Other
3.4Fidelity Canadian Money Market Fund
3.3Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% Russell 3000 Index, 34.54% MSCI EAFE + EM Index, 7.89% FTSE Canada Universe Bond Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateJuly 9, 2014
Fund benchmarkBlended index2
NAVPU - Series F$11.94
Fund aggregate assets (all series)$111.8 million
Management expense ratio –Series F1.19%, as at December 31, 2019
Morningstar fund category2035+ Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 2540
LL 2541
LL2 2542
Series B: ISC 2543
Series F: NL 2544
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).93 ■ MarketPulse
Fidelity ClearPath® 2055 Portfolio1, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE4 BENCHMARK2
1 month 8.55 1 9.03
3 month -7.17 3 -8.60
6 month -2.53 3 -4.06
1 year -2.10 3 -2.88
2 year 2.53 3 2.83
3 year 3.28 2 3.92
5 year 5.04 2 5.05
Since inception 6.28 — 5.60
Growth of $10,000 since inception4Growth of $10,000 since inception4
$0
$5,000
$10,000
$15,000
$20,000
JUL.-14 APR-20
FUNDBENCHMARK
$14,245
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD20192018201720162015
-6.7
8
-7.7
7
19.1
7
19.5
6
-4.3
0
-3.1
8
13.1
1
13.7
8
6.48
11.4
7
5.93
0.48
Fund risk measures3Fund risk measures3
FUND BENCHMARK
Annual Standard Deviation4 11.07 11.97
Beta 0.92 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
23.0Canadian Equities
7.1Fidelity Canadian Disciplined Equity® Fund
6.9Fidelity Canadian Large Cap Fund
5.2Fidelity True North® Fund
2.3Fidelity Dividend Multi-Asset Base Fund
1.5Fidelity Canadian Opportunities Fund
26.1U.S. Equities
9.2Fidelity American Disciplined Equity® Fund
9.1Fidelity Insights Investment Trust
3.9Fidelity Small Cap America Fund
3.9Fidelity U.S. Dividend Investment Trust
39.8International Equities
13.7Fidelity Emerging Markets Fund
8.1Fidelity International Disciplined Equity® Fund
8.0Fidelity International Equity Multi-Asset Base Fund
7.8Fidelity International Equity Investment Trust
2.2Fidelity International Growth Multi-Asset Base Fund
2.5Investment-Grade Debt
2.5Fidelity Canadian Bond Fund
0.7Inflation-Protected Debt
0.7Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
6.7Money Market/Cash & Other
3.4Fidelity Canadian Money Market Fund
3.3Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
1 On January 15, 2016, the Portfolio’s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% Russell 3000 Index, 34.54% MSCI EAFE + EM Index, 7.89% FTSE Canada Universe Bond Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateJuly 9, 2014
Fund benchmarkBlended index2
NAVPU - Series F$12.02
Fund aggregate assets (all series)$92.6 million
Management expense ratio –Series F1.18%, as at December 31, 2019
Morningstar fund category2035+ Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 2546
LL 2547
LL2 2548
Series B: ISC 2549
Series F: NL 2551
LIFECYCLE FUNDS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 94
Fidelity ClearPath® 2060 Portfolio, Series F
The Portfolio seeks to achieve a high total return by investing primarily in underlying funds using an asset allocation strategy that becomes more conservative toward its target retirement date. Thereafter, an increasing proportion of the Portfolio's assets will provide exposure to fixed income and money market instruments.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returns
FUNDMORNINGSTAR
QUARTILE2 BENCHMARK1
1 month 8.56 1 9.03
3 month -7.13 3 -8.60
6 month -2.48 2 -4.06
1 year -1.99 3 -2.88
Since inception 2.28 — 1.97
Growth of $10,000 since inception2Growth of $10,000 since inception2
$0
$5,000
$10,000
$15,000
MAY-18 APR-20
FUNDBENCHMARK
$10,453
Calendar year performanceCalendar year performance
-10%
-5%
0%
5%
10%
15%
20%
YTD2019
-6.7
4
-7.7
7
19.2
3
19.5
6
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
ALLOCATION TO FUNDS
AS AT MARCH 31, 2020 (%)
23.5Canadian Equities
7.2Fidelity Canadian Disciplined Equity® Fund
7.0Fidelity Canadian Large Cap Fund
5.3Fidelity True North® Fund
2.4Fidelity Dividend Multi-Asset Base Fund
1.6Fidelity Canadian Opportunities Fund
26.1U.S. Equities
9.2Fidelity American Disciplined Equity® Fund
9.1Fidelity Insights Investment Trust
3.9Fidelity U.S. Dividend Investment Trust
3.9Fidelity Small Cap America Fund
40.1International Equities
13.9Fidelity Emerging Markets Fund
8.1Fidelity International Disciplined Equity® Fund
8.0Fidelity International Equity Multi-Asset Base Fund
7.9Fidelity International Equity Investment Trust
2.2Fidelity International Growth Multi-Asset Base Fund
2.4Investment-Grade Debt
2.4Fidelity Canadian Bond Fund
0.7Inflation-Protected Debt
0.7Fidelity Canadian Real Return Bond Index Multi-Asset Base Fund
1.2High-Yield Debt
1.2Fidelity American High Yield Currency Neutral Fund
6.3Money Market/Cash & Other
3.3Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
3.3Fidelity Canadian Money Market Fund
-0.3Other
1 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% Russell 3000 Index, 34.54% MSCI EAFE + EM Index, 7.89% FTSE Canada Universe Bond Index. ■ 2 Please refer to important information on page 131.
Fund factsPortfolio managersAndrew Dierdorf (Lead portfolio co-manager)Brett Sumsion (Lead portfolio co-manager)Bruno Crocco (Portfolio co-manager)
Series inception dateMay 15, 2018
Fund benchmarkBlended index1
NAVPU - Series F$9.78
Fund aggregate assets (all series)$11.6 million
Management expense ratio –Series F1.18%, as at December 31, 2019
Morningstar fund category2035+ Target Date Portfolio
Fund CodesCANADIAN DOLLAR
Series A: DSC 6245
LL 6246
LL2 6247
Series B: ISC 6248
Series F: NL 6254
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).95 ■ MarketPulse
Fidelity Canadian Equity Private Pool, Class F
Fidelity Canadian Equity Private Pool aims to achieve long-term capital growth by investing primarily in equity securities of Canadian companies, in the same sector weightings as the S&P/TSX Capped Composite Index.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 9.74 10.79
3 month -11.75 -13.86
6 month -6.41 -8.80
1 year -3.71 -7.91
3 year 2.48 1.34
5 year 3.40 2.49
10 year 5.82 5.00
Since inception 6.61 5.82
Growth of $1,000,000 since inception4Growth of $1,000,000 since inception4
$0M
$1M
$2M
$3M
OCT-09 APR-20
POOLBENCHMARK
$1.969M
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-9.5
6
-12.
36
23.4
3
22.8
8
-7.7
1
-8.8
9
7.90
9.10
14.9
8
21.0
8
-1.8
1
-8.3
2
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation4 13.94 15.56
Beta 0.89 —
R2 0.98 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS1
AS AT MARCH 31, 2020
Royal Bank of Canada – Financials
Toronto-Dominion Bank – Financials
Brookfield Asset Management – Financials
Canadian Pacific Railway – Industrials
TC Energy – Energy
Barrick Gold – Materials
Franco-Nevada – Materials
Shopify – Information Technology
Canadian National Railway – Industrials
Sun Life Financial – Financials
Total holdings 83
Top 10 holdings aggregate 48.5%
ALLOCATION1,4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 96.9 98.3
Foreign Equities 0.5 1.3
Cash & Other 2.6 0.5
SECTOR MIX3 (%)
Financials 29.7 32.6
Materials 13.9 10.0
Energy 11.9 19.0
Industrials 11.0 10.4
Information Technology 8.7 6.6
Consumer Staples 6.0 5.7
Utilities 5.2 3.5
Communication Services 5.0 6.7
Real Estate 3.1 2.4
Consumer Discretionary 2.0 2.4
1 The Pool invests its assets in units of Fidelity Canadian Equity Investment Trust. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity Canadian Equity Investment Trust. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 The underlying Pool aims to invest in sectors in approximately the same proportions as those sectors are represented in the S&P/TSX Capped Composite Index, with the exception of the real estate sector which the portfolio manager will consider as an industry group within the financials sector. ■ 4 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Pool factsPortfolio managersAndrew MarcheseJoe Overdevest
Series inception dateOctober 5, 2009
Pool benchmarkS&P/TSX Capped Composite Index
NAVPU - Class F$15.01
Pool aggregate assets (all classes)$264.3 million
Management expense ratio –Class F1.01%, as at November 30, 2019
Also offered throughT-SWP®
Morningstar fund categoryCanadian Equity
Pool codesCANADIAN DOLLAR
Class B: 9010
Class S8: 9110
Class S5: 9210
Class I: 9310
Class I8: 9510
Class I5: 9410
Class F: 9610
Class F8: 9810
Class F5: 9710
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 96
Fidelity Concentrated Canadian Equity Private Pool, Class FFidelity Concentrated Canadian Equity Private Pool aims to achieve long-term capital growth by investing primarily in equity securities of Canadian companies, in the same super sector weightings as the S&P/TSX Capped Composite Index.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 9.59 10.79
3 month -11.34 -13.86
6 month -6.19 -8.80
1 year -3.39 -7.91
3 year 3.11 1.34
5 year 3.82 2.49
10 year 6.78 5.00
Since inception 7.56 5.82
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
$3M
OCT-09 APR-20
POOLBENCHMARK
$2.161M
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-9.1
6
-12.
36
23.4
3
22.8
8
-6.2
2
-8.8
9
7.30
9.10
14.2
5
21.0
8
0.41
-8.3
2
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 13.64 15.56
Beta 0.87 —
R2 0.98 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS1
AS AT MARCH 31, 2020
Royal Bank of Canada – Financials
Toronto-Dominion Bank – Financials
Brookfield Asset Management – Financials
Canadian Pacific Railway – Industrials
TC Energy – Energy
Constellation Software – Information Technology
Barrick Gold – Materials
Franco-Nevada – Materials
Alimentation Couche-Tard – Consumer Staples
Sun Life Financial – Financials
Total holdings 52
Top 10 holdings aggregate 50.6%
ALLOCATION1,3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 96.8 97.7
Foreign Equities 0.5 1.6
Cash & Other 2.7 0.8
SECTOR MIX (%)
Financials 29.5 30.6
Materials 14.0 9.8
Energy 11.8 19.4
Information Technology 10.6 10.0
Industrials 9.3 7.9
Consumer Staples 6.6 6.6
Utilities 5.3 3.1
Communication Services 4.8 7.1
Real Estate 3.2 2.7
Consumer Discretionary 1.4 2.1
1 The Pool invests its assets in units of Fidelity Concentrated Canadian Equity Investment Trust. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity Concentrated Canadian Equity Investment Trust. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Pool factsPortfolio managersAndrew MarcheseJoe Overdevest
Series inception dateOctober 5, 2009
Pool benchmarkS&P/TSX Capped Composite Index
NAVPU - Class F$16.71
Pool aggregate assets (all classes)$777.7 million
Management expense ratio –Class F1.00%, as at November 30, 2019
Also offered throughT-SWP®
Morningstar fund categoryCanadian Equity
Pool codesCANADIAN DOLLAR
Class B: 9011
Class S8: 9111
Class S5: 9211
Class I: 9311
Class I8: 9511
Class I5: 9411
Class F: 9611
Class F8: 9811
Class F5: 9711
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).97 ■ MarketPulse
Fidelity Concentrated Value Private Pool, Class F
Fidelity Concentrated Value Private Pool seeks long-term capital appreciation by employing a value-oriented large-cap strategy while seeking to mitigate downside risk. The portfolio manager may invest up to approximately 49% of assets in U.S. and international securities.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 10.31 9.85
3 month -4.20 -10.37
6 month 0.18 -4.95
1 year 2.97 -3.72
2 year 5.51 4.57
3 year 2.48 4.50
5 year 4.81 6.02
Since inception 9.50 10.10
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
$3M
MAY-12 APR-20
POOLBENCHMARK
$2.063M
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-2.0
1
-8.5
8
11.0
2
22.9
2
1.05
-4.2
2
1.13
11.1
5
11.8
0
17.5
2
5.02
0.21
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 9.81 13.72
Beta 0.60 —
R2 0.70 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS1
AS AT MARCH 31, 2020
Suncor Energy – Energy
BCE – Communication Services
Imperial Brands – Consumer Staples
Toronto-Dominion Bank – Financials
Bank of Nova Scotia – Financials
Royal Bank of Canada – Financials
Canadian Natural Resources – Energy
Metro – Consumer Staples
TMX Group – Financials
Loblaw – Consumer Staples
Total holdings 54
Top 10 holdings aggregate 54.9%
ALLOCATION1,3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Equities 74.7 49.9
Foreign Equities 16.7 19.5
Foreign Bonds 0.0 7.9
Cash & Other 8.6 22.7
SECTOR MIX (%)
Energy 31.0 0.0
Financials 20.3 11.2
Consumer Staples 14.5 14.3
Communication Services 11.1 14.2
Industrials 4.9 5.4
Information Technology 3.8 9.5
Health Care 2.1 1.0
Consumer Discretionary 1.6 1.0
1 The Pool invests its assets in units of Fidelity Concentrated Value Investment Trust. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity Concentrated Value Investment Trust. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Pool factsPortfolio managerDaniel Dupont
Series inception dateMay 9, 2012
Pool benchmark70% S&P/TSX 60 Capped Index and 30% S&P 500 Index
NAVPU - Class F$18.38
Pool aggregate assets (all classes)$1.033 billion
Management expense ratio –Class F1.06%, as at November 30, 2019
Also offered throughT-SWP®
Morningstar fund categoryCanadian Focused Equity
Pool codesCANADIAN DOLLAR
Class B: 906
Class S8: 926
Class S5: 909
Class I: 929
Class I8: 937
Class I5: 932
Class F: 921
Class F8: 923
Class F5: 922
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 98
Fidelity U.S. Dividend Private Pool, Series F
A core equity offering that aims to provide a combination of dividend income and growth by investing primarily in high-quality U.S. dividend-paying equities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 7.79 8.62
3 month -8.75 -12.98
6 month -4.82 -9.44
1 year -3.59 -9.03
2 year 4.89 1.81
3 year 2.40 1.45
5 year 6.90 6.55
Since inception 10.34 10.73
Growth of $1,000,000 since inception2Growth of $1,000,000 since inception2
$0M
$1M
$2M
$3M
OCT-13 APR-20
POOLBENCHMARK
$1.904M
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
YTD20192018201720162015
-8.9
0
-13.
35
19.6
5
19.8
7
-1.8
3
-0.3
4
3.90
5.76
15.1
3
14.3
0
14.0
4
14.9
8
Pool risk measures1Pool risk measures1
POOL BENCHMARK
Annual Standard Deviation2 12.10 14.80
Beta 0.80 —
R2 0.95 —
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
Johnson & Johnson – Health Care
Berkshire Hathaway – Financials
Walmart – Consumer Staples
J. P. Morgan Chase – Financials
Verizon Communications – Communication Services
Bank of America – Financials
AT&T – Communication Services
McDonald's – Consumer Discretionary
Walt Disney – Communication Services
Exelon – Utilities
Total holdings 107
Top 10 holdings aggregate 25.8%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 92.8 92.6
Canadian Equities 1.7 1.5
Cash & Other 5.5 6.0
EQUITY SECTOR MIX (%)
Financials 18.1 19.2
Health Care 17.2 15.2
Consumer Staples 12.4 8.6
Information Technology 10.7 10.8
Communication Services 8.6 6.8
Consumer Discretionary 8.3 6.6
Industrials 6.1 9.1
Utilities 5.6 4.7
Energy 5.5 8.0
Real Estate 1.7 2.7
1 Risk measures are based on 3-year net returns (Series F). ■ 2 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Pool factsPortfolio managerRamona Persaud
Series inception dateOctober 16, 2013
Pool benchmarkRussell 3000 Value Index
NAVPU - Series F$12.50
Pool aggregate assets (all series)$29.2 million
Management expense ratio –Series F1.05%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryU.S. Equity
Pool codesCANADIAN DOLLAR
Series B: 1994
Series S8: 1996
Series S5: 1995
Series I: 2007
Series I8: 2009
Series I5: 2008
Series F: 1997
Series F8: 2000
Series F5: 1999U.S. DOLLAR
Series B: 2010
Series S8: 2018
Series S5: 2017
Series I: 2029
Series I8: 2032
Series I5: 2030
Series F: 2019
Series F8: 2028
Series F5: 2020
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).99 ■ MarketPulse
Fidelity U.S. Equity Private Pool, Class F
Fidelity U.S. Equity Private Pool aims to achieve long-term capital growth by investing primarily in equity securities of U.S. companies, in the same sector weightings as the S&P 500 Index.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 12.19 10.09
3 month -4.11 -4.70
6 month 3.95 2.34
1 year 6.19 4.14
3 year 8.51 9.62
5 year 9.54 12.15
10 year 12.94 15.28
Since inception 13.11 15.37
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0.0M
$1.5M
$3.0M
$4.5M
$6.0M
OCT-09 APR-20
POOLBENCHMARK
$3.681M
Calendar year performanceCalendar year performance
-10%
0%
10%
20%
30%
YTD20192018201720162015
-1.7
7
-2.8
4
26.9
0
24.8
4
-0.9
8
4.23
12.9
2
13.8
3
1.58
8.09
19.6
5
21.5
9
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 14.21 13.76
Beta 1.02 —
R2 0.98 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS1
AS AT MARCH 31, 2020
Microsoft – Information Technology
Apple – Information Technology
Amazon.com – Consumer Discretionary
Alphabet – Communication Services
Johnson & Johnson – Health Care
Visa – Information Technology
Facebook – Communication Services
UnitedHealth Group – Health Care
J. P. Morgan Chase – Financials
Salesforce.com – Information Technology
Total holdings 108
Top 10 holdings aggregate 31.1%
ALLOCATION1,3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 98.5 98.5
Cash & Other 1.5 1.5
SECTOR MIX (%)
Information Technology 25.5 21.5
Health Care 15.3 13.3
Communication Services 10.7 10.3
Financials 10.7 12.9
Consumer Discretionary 10.3 10.2
Industrials 8.0 9.5
Consumer Staples 7.2 7.1
Utilities 3.2 3.1
Real Estate 2.7 2.8
Energy 2.5 5.1
For the currency neutral version please refer to page 111.1 The Pool invests its assets in units of Fidelity U.S. Equity Investment Trust. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity U.S. Equity Investment Trust. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Pool factsPortfolio managerChandler Willett
Series inception dateOctober 5, 2009
Pool benchmarkS&P 500 Index
NAVPU - Class F$30.42
Pool aggregate assets (all classes)$124.8 million
Management expense ratio –Class F1.07%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryU.S. Equity
Pool codesCANADIAN DOLLAR
Class B: 9012
Class S8: 9112
Class S5: 9212
Class I: 9312
Class I8: 9512
Class I5: 9412
Class F: 9612
Class F8: 9812
Class F5: 9712
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 100
Fidelity International Equity Private Pool, Class F
Fidelity International Equity Private Pool combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 10.92 3.89
3 month -13.07 -11.88
6 month -10.85 -9.35
1 year -11.69 -8.46
3 year -3.07 -0.06
5 year 0.06 2.60
10 year 5.41 6.87
Since inception 4.88 6.41
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
$3M
OCT-09 APR-20
POOLBENCHMARK
$1.656M
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
YTD20192018201720162015
-15.
16
-12.
00
18.9
8
15.8
5
-12.
26
-6.0
3
15.3
3
16.8
2
-6.0
5
-2.4
9
18.2
3
18.9
5
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 15.70 10.74
Beta 1.29 —
R2 0.85 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS1
AS AT MARCH 31, 2020
Vipshop – Consumer Discretionary
SAP – Information Technology
DCC – Industrials
Alibaba Group – Consumer Discretionary
Compass Group – Consumer Discretionary
Prosus – Consumer Discretionary
Brenntag – Industrials
Thai Beverage – Consumer Staples
Temenos – Information Technology
Spectris – Information Technology
Total holdings 51
Top 10 holdings aggregate 28.8%
ALLOCATION1,3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 98.5 91.6
Cash & Other 1.5 8.4
SECTOR MIX (%)
Industrials 25.2 29.4
Consumer Discretionary 25.0 20.3
Health Care 12.7 8.1
Financials 11.6 15.8
Information Technology 9.7 8.9
Consumer Staples 8.9 3.0
Materials 3.2 5.2
Real Estate 2.2 0.0
COUNTRY MIX (%)
United Kingdom 23.2 19.3
Germany 15.0 14.2
Japan 8.2 7.8
Denmark 7.8 4.6
China 6.8 5.6
Netherlands 6.5 7.4
Switzerland 5.4 4.1
Australia 5.4 2.5
France 4.9 6.7
South Korea 4.2 1.2
For the currency neutral version please refer to page 111.1 The Pool invests its assets in units of Fidelity International Equity Investment Trust. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity International Equity Investment Trust. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Pool factsPortfolio managerPatrice Quirion
Series inception dateOctober 5, 2009
Pool benchmarkMSCI EAFE Index
NAVPU - Class F$15.94
Pool aggregate assets (all classes)$1.040 billion
Management expense ratio –Class F1.13%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryInternational Equity
Pool codesCANADIAN DOLLAR
Class B: 9013
Class S8: 9113
Class S5: 9213
Class I: 9313
Class I8: 9513
Class I5: 9413
Class F: 9613
Class F8: 9813
Class F5: 9713
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).101 ■ MarketPulse
Fidelity Global Equity Private Pool, Class F
Fidelity Global Equity Private Pool combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK2
1 month 11.80 8.04
3 month -13.41 -7.55
6 month -10.23 -2.44
1 year -8.71 -1.87
3 year 0.82 4.86
5 year 4.14 7.41
10 year 8.98 10.92
Since inception 8.81 10.75
Growth of $1,000,000 since inception4Growth of $1,000,000 since inception4
$0M
$1M
$2M
$3M
$4M
OCT-09 APR-20
POOLBENCHMARK
$2.441M
Calendar year performanceCalendar year performance
-20%
-10%
0%
10%
20%
30%
YTD20192018201720162015
-15.
43
-6.7
5
26.3
8
20.2
0
-8.3
0
-1.2
6
15.3
4
14.6
5
-0.1
2
3.79
18.5
6
18.8
9
Pool risk measures3Pool risk measures3
POOL BENCHMARK
Annual Standard Deviation4 16.17 11.93
Beta 1.24 —
R2 0.92 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS1
AS AT MARCH 31, 2020
Allison Transmission Holdings – Industrials
PTC – Information Technology
Finning – Industrials
Frontdoor – Consumer Discretionary
Alibaba Group – Consumer Discretionary
Vipshop – Consumer Discretionary
Compass Group – Consumer Discretionary
Temenos – Information Technology
Amazon.com – Consumer Discretionary
Dollarama – Consumer Discretionary
Total holdings 65
Top 10 holdings aggregate 24.4%
ALLOCATION1,4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 93.3 89.3
Canadian Equities 4.9 3.4
Cash & Other 1.8 7.4
SECTOR MIX (%)
Industrials 27.2 27.9
Consumer Discretionary 25.4 17.9
Information Technology 14.9 8.3
Health Care 11.0 11.2
Financials 7.8 16.6
Consumer Staples 7.4 1.5
Real Estate 3.2 0.0
Materials 1.3 3.6
COUNTRY MIX (%)
United States 29.8 34.9
United Kingdom 14.7 12.6
Germany 9.5 8.2
Japan 6.7 7.4
Denmark 5.7 3.6
Canada 4.9 3.4
Switzerland 4.3 2.8
China 3.8 2.9
South Korea 3.7 1.6
Netherlands 3.2 1.6
For the currency neutral version please refer to page 111.1 The Pool invests its assets in units of Fidelity Global Equity Investment Trust. Holdings information shown on this page represents the Pool’s exposure of Fidelity Global Equity Investment Trust. ■ 2 Prior to December 1, 2017, the Pool’s benchmark was the MSCI World Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
STYLESTYLESECTOR
DEVIATIONSECTOR
DEVIATIONMARKET
CAP FOCUSMARKET
CAP FOCUS
VALUE MINIMAL SMALL
BLEND MODERATE MID
GROWTH WIDE LARGE
Pool factsPortfolio managerPatrice Quirion
Series inception dateOctober 5, 2009
Pool benchmarkMSCI All Country World Index2
NAVPU - Class F$22.89
Pool aggregate assets (all classes)$155.7 million
Management expense ratio –Class F1.12%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Equity
Pool codesCANADIAN DOLLAR
Class B: 9014
Class S8: 9114
Class S5: 9214
Class I: 9314
Class I8: 9514
Class I5: 9414
Class F: 9614
Class F8: 9814
Class F5: 9714
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 102
Fidelity Premium Fixed Income Private Pool, Series FFidelity Premium Fixed Income Private Pool aims to provide a steady flow of income by investing primarily in Canadian fixed-income securities.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 4.32 3.79
3 month 0.63 2.43
6 month 2.99 4.69
1 year 6.78 8.52
3 year 3.80 4.48
5 year 3.25 3.71
10 year 4.36 4.73
Since inception 4.26 4.54
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
OCT-09 APR-20
POOLBENCHMARK
$1.554M
Calendar year performanceCalendar year performance
0%
2%
4%
6%
8%
YTD20192018201720162015
3.65
5.41
7.22
6.87
0.86
1.41
2.59
2.52
1.75
1.66
2.79
3.52
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 5.14 4.55
Beta 1.10 —
R2 0.94 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS1
AS AT MARCH 31, 2020
Province of Ontario
Government of Canada
Province of Quebec
Province of Alberta
Canada Housing Trust No. 1
Total issuers 172
Top 5 issuers aggregate 31.5%
ALLOCATION1,3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 90.8 93.5
Foreign Bonds 6.1 5.6
High Yield Bonds 2.5 0.4
Cash & Other 0.6 0.5
SECTOR MIX (%)
Canadian Corporate Bonds 43.0 48.2
Canadian Provincial Bonds 34.9 32.1
Canadian Agency Bonds 5.7 3.7
Canadian Federal Bonds 5.2 7.0
Canadian Municipal Bonds 2.1 2.6
1 The Pool invests its assets in units of Fidelity Canadian Bond Fund, Series O. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity Canadian Bond Investment Trust. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Pool factsPortfolio managersCatriona MartinSri Tella
Series inception dateOctober 5, 2009
Pool benchmarkFTSE Canada Universe Bond Index
NAVPU - Series F$11.22
Pool aggregate assets (all series)$69.3 million
Management expense ratio –Series F0.61%, as at December 31, 2019
Morningstar fund categoryCanadian Fixed Income
Pool codesCANADIAN DOLLAR
Series B: 9015
Series I: 9315
Series F: 9615U.S. DOLLAR
Series B: 1924
Series I: 1928
Series F: 1926
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).103 ■ MarketPulse
Fidelity Premium Tactical Fixed Income Private Pool, Series FFidelity Premium Tactical Fixed Income Private Pool aims to deliver a steady flow of income by investing across multiple fixed-income asset classes. The portfolio managers may allocate up to approximately 40% of assets to global fixed-income securities, with the balance invested in Canadian bonds.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsPOOL BENCHMARK
1 month 4.48 3.79
3 month -1.34 2.43
6 month 1.21 4.69
1 year 5.19 8.52
2 year 5.64 7.29
3 year 3.58 4.48
5 year 3.22 3.71
Since inception 3.40 3.97
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
MAY-12 APR-20
POOLBENCHMARK
$1.306M
Calendar year performanceCalendar year performance
0%
2%
4%
6%
8%
10%
YTD20192018201720162015
1.37
5.41
8.89
6.87
0.32
1.41
3.40
2.52
3.38
1.66
1.53
3.52
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 5.52 4.55
Beta 1.09 —
R2 0.81 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS1
AS AT MARCH 31, 2020
Province of Ontario
Government of Canada
Province of Quebec
Canada Housing Trust No. 1
Province of Alberta
Total issuers 58
Top 5 issuers aggregate 29.0%
ALLOCATION1,3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 73.3 72.8
Foreign Bonds 14.7 15.7
High Yield Bonds 10.3 10.3
Other Investments 0.2 0.1
Cash & Other 1.5 1.0
SECTOR MIX (%)
Canadian Corporate Bonds 32.6 34.2
Canadian Provincial Bonds 29.6 26.9
Canadian Federal Bonds 4.9 6.0
Canadian Agency Bonds 4.7 4.0
Canadian Municipal Bonds 1.5 1.8
1 The Pool invests its assets in units of Fidelity Tactical Fixed Income Fund, Series O. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity Tactical Fixed Income Investment Trust. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Pool factsPortfolio managersCatriona MartinJeff MooreSri Tella
Series inception dateMay 9, 2012
Pool benchmarkFTSE Canada Universe Bond Index
NAVPU - Series F$8.50
Pool aggregate assets (all series)$54.7 million
Management expense ratio –Series F0.73%, as at December 31, 2019
Morningstar fund categoryCanadian Fixed Income
Pool codesCANADIAN DOLLAR
Series B: 904
Series I: 918
Series F: 916
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 104
Fidelity Premium Money Market Private Pool, Series FFidelity Premium Money Market Private Pool aims to achieve a high level of current income while seeking to protect capital and maintain liquidity.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsPOOL
1 month 0.03
3 month 0.22
6 month 0.57
1 year 1.26
3 year 1.14
5 year 0.81
10 year 0.79
Since inception 0.75
Growth of $1,000,000 since inception2Growth of $1,000,000 since inception2
$0.0M
$0.5M
$1.0M
$1.5M
OCT-09 APR-20
$1.082M
Calendar year performanceCalendar year performance
0%
1%
2%
3%
YTD20192018201720162015
0.34
1.43
1.25
0.50
0.32
0.40
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP FIVE ISSUERS1
AS AT MARCH 31, 2020
Storm King Funding
National Bank of Canada
BNP Paribas
Sumitomo Mitsui Banking
Ontario Teachers' Finance Trust
Total issuers 18
Top 5 issuers aggregate 37.2%
ALLOCATION1,2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Cash & Other 94.2 97.4
Canadian Bonds 5.8 2.6
1 The Pool invests its assets in units of Fidelity Canadian Money Market Fund, Series O. Holdings information shown on this page represents the Pool’s exposure to the holdings of Fidelity Canadian Money Market Investment Trust. ■ 2 Please refer to important information on page 131.
Pool factsPortfolio managerMichael Widrig
Series inception dateOctober 5, 2009
Pool benchmarkNone
NAVPU - Series F$10.00
Pool aggregate assets (all series)$42.3 million
Management expense ratio –Series F0.45%, as at December 31, 2019
Morningstar fund categoryCanadian Money Market
Pool codesCANADIAN DOLLAR
Series B: 9016
Series I: 9316
Series F: 9616
Series D: 9716
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).105 ■ MarketPulse
Fidelity Asset Allocation Private Pool, Class F
Fidelity Asset Allocation Private Pool is a broadly diversified core offering that aims to achieve a high total investment return using a tactical asset allocation approach. The Pool’s neutral mix comprises 50% equities, 40% fixed-income securities and 10% money market instruments.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK1
1 month 5.59 5.96
3 month -2.77 -3.89
6 month 1.29 -0.34
1 year 4.03 1.65
2 year 4.85 4.58
3 year 3.43 3.70
5 year 4.49 4.43
Since inception 6.80 6.01
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
$3M
DEC-11 APR-20
POOLBENCHMARK
$1.736M
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-0.1
0
-2.0
4
10.0
8
12.8
3
-0.0
5
-1.2
0
5.64
6.65
3.93
7.20
7.87
4.25
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 6.60 7.17
Beta 0.88 —
R2 0.92 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Comex Gold Trust ETF – Materials
Royal Bank of Canada – Financials
Toronto-Dominion Bank – Financials
Canadian Pacific Railway – Industrials
Brookfield Asset Management – Financials
Suncor Energy – Energy
Microsoft – Information Technology
Barrick Gold – Materials
TC Energy – Energy
Bank of Nova Scotia – Financials
Total holdings 3,177
Top 10 holdings aggregate 13.5%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 26.0 25.1
Foreign Bonds 22.2 21.4
Canadian Equities 20.4 19.7
Canadian Bonds 15.4 25.7
High Yield Bonds 2.8 0.4
Other Investments 1.1 0.9
Cash & Other 12.2 6.7
EQUITY SECTOR MIX (%)
Materials 9.0 6.1
Financials 8.7 10.1
Information Technology 5.9 5.1
Energy 4.6 4.8
Industrials 4.3 4.3
Consumer Discretionary 3.9 3.6
Consumer Staples 2.9 3.2
Communication Services 2.6 3.3
Health Care 2.6 1.7
Utilities 1.0 1.1
COUNTRY MIX (%)
Canada 43.6 45.2
United States 21.7 26.7
Japan 3.9 2.8
China 3.3 3.0
Germany 2.7 1.6
United Kingdom 2.5 2.7
France 1.5 0.0
Switzerland 1.4 0.0
South Korea 1.2 1.2
For the currency neutral version please refer to page 111.1 The blended index is 30% S&P/TSX Capped Composite Index, 24% FTSE Canada Universe Bond Index, 20% MSCI AC World Index ex-Canada (Net), 16% Barclays Capital Global Aggregate Bond Index and 10% FTSE Canada 91-Day T-Bill Index. Prior to October 1, 2014 the Pool’s benchmark was a blend of 50% S&P/TSX Capped Composite Index, 40% FTSE Canada Universe Bond Index and 10% FTSE Canada 91-Day T-Bill Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Pool factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateDecember 14, 2011
Pool benchmarkBlended index1
NAVPU - Class F$16.10
Pool aggregate assets (all classes)$1.094 billion
Management expense ratio –Class F0.97%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryCanadian Neutral Balanced
Pool codesCANADIAN DOLLAR
Class B: 113
Class S8: 138
Class S5: 137
Class I: 438
Class I8: 498
Class I5: 439
Class F: 135
Class F8: 374
Class F5: 139U.S. DOLLAR
Class B: 703
Class S8: 718
Class S5: 716
Class I: 726
Class I8: 728
Class I5: 727
Class F: 714
Class F8: 724
Class F5: 719
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 106
Fidelity Balanced Private Pool1, Class F
Fidelity Balanced Private Pool aims to achieve a high total investment return by investing primarily in underlying funds that generally invest in equities, fixed income securities and money market instruments. The neutral mix for the Pool is 60% equities and 40% fixed income and money market instruments.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK2
1 month 7.64 6.88
3 month -5.77 -5.23
6 month -2.26 -1.31
1 year -0.20 0.56
3 year 2.50 3.70
5 year 4.01 4.61
10 year 6.48 6.65
Since inception 6.61 6.77
Growth of $1,000,000 since inception4Growth of $1,000,000 since inception4
$0M
$1M
$2M
$3M
OCT-09 APR-20
POOLBENCHMARK
$1.967M
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-4.2
3
-3.4
4
13.3
6
14.7
3
-1.7
4
-2.0
5
6.33
7.74
6.23
8.58
7.08
3.92
Pool risk measures3Pool risk measures3
POOL BENCHMARK
Annual Standard Deviation4 9.01 8.46
Beta 1.05 —
R2 0.97 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Comex Gold Trust ETF – MaterialsiShares 20+ Year Treasury Bond ETF – FinancialsToronto-Dominion Bank – FinancialsRoyal Bank of Canada – FinancialsSuncor Energy – EnergyCanadian Pacific Railway – IndustrialsBrookfield Asset Management – FinancialsBank of Nova Scotia – FinancialsTC Energy – EnergyBarrick Gold – MaterialsTotal holdings 3,225Top 10 holdings aggregate 16.0%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 34.5 31.2Canadian Equities 28.9 26.1Canadian Bonds 16.2 17.6Foreign Bonds 15.3 16.5High Yield Bonds 1.9 1.5Other Investments 0.6 0.7Cash & Other 2.6 6.4
EQUITY SECTOR MIX (%)
Financials 12.7 10.5Materials 7.9 4.1Energy 7.3 6.6Information Technology 6.5 6.3Industrials 6.3 6.2Consumer Discretionary 6.3 5.6Consumer Staples 4.8 4.5Communication Services 3.6 4.2Health Care 3.4 2.2Real Estate 2.3 2.3
COUNTRY MIX (%)
Canada 44.8 44.3United States 25.2 25.8Japan 4.0 3.9China 3.9 3.1United Kingdom 3.9 3.3Germany 3.3 1.8South Korea 1.6 1.2Switzerland 1.1 0.0France 1.1 0.0
For the currency neutral version please refer to page 111.1 On January 15, 2016, the Pool’s objectives changed to permit the Pool to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended benchmark is 36% S&P/TSX Capped Composite Index, 24% MSCI All Country World ex Canada Index, 14% Barclays Capital Global Aggregate Bond Index, 21% FTSE Canada Universe Bond Index and 5% FTSE Canada 91 Day T-Bill Index. Prior to October 1, 2013, the blended benchmark was 30% S&P/TSX Capped Composite Index, 12% S&P 500 Index, 3% Russell 2500 Index, 11% MSCI EAFE Index (Europe, Australasia, Far East), 4% MSCI Emerging Markets Index, 25% FTSE Canada Universe Bond Index, 5% Barclays Global Aggregate Bond Index – Hedged CAD, 3% ICE BofA/ML U.S. HY Master II Constrained Index – Hedged CAD, 2% J.P. Morgan Emerging Markets Bond Global Diversified Index – Hedged CAD and 5% FTSE Canada 91 Day T-Bill Index. Prior to January 25, 2012, the blended benchmark was 30% S&P/TSX Capped Composite Index, 15% S&P 500 Index, 15% MSCI EAFE Index, 30% FTSE Canada Universe Bond Index and 10% FTSE Canada 91 Day T-Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Pool factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateOctober 5, 2009
Pool benchmarkBlended index2
NAVPU - Class F$17.62
Pool aggregate assets (all classes)$3.634 billion
Management expense ratio –Class F0.91%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Neutral Balanced
Pool codesCANADIAN DOLLAR
Class B: 9018
Class S8: 9118
Class S5: 9218
Class I: 9318
Class I8: 9518
Class I5: 9418
Class F: 9618
Class F8: 9818
Class F5: 9718U.S. DOLLAR
Class B: 750
Class S8: 755
Class S5: 754
Class I: 760
Class I8: 765
Class I5: 763
Class F: 753
Class F8: 758
Class F5: 757
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).107 ■ MarketPulse
Fidelity Balanced Income Private Pool1, Class F
Fidelity Balanced Income Private Pool aims to achieve a combination of income, with the potential for capital gains, by investing primarily in underlying funds that generally invest in equities, fixed-income securities and money market instruments. The neutral mix for the Pool is 40% equities and 60% fixed-income and money market instruments.
PERFORMANCE (CLASS F)
Standard period returnsStandard period returnsPOOL BENCHMARK2
1 month 5.89 5.04
3 month -3.98 -2.56
6 month -1.00 0.60
1 year 1.19 2.70
3 year 2.48 3.69
5 year 3.64 4.24
10 year 5.59 5.77
Since inception 5.64 5.79
Growth of $1,000,000 since inception4Growth of $1,000,000 since inception4
$0M
$1M
$2M
$3M
OCT-09 APR-20
POOLBENCHMARK
$1.786M
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018201720162015
-2.1
5
-0.6
7
10.1
9
10.9
5
-0.2
4
-0.3
4
4.60
5.56
4.48
5.84
6.81
4.56
Pool risk measures3Pool risk measures3
POOL BENCHMARK
Annual Standard Deviation4 7.02 5.93
Beta 1.16 —
R2 0.95 —
Volatility meter4Volatility meter4
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Comex Gold Trust ETF – MaterialsRoyal Bank of Canada – FinancialsToronto-Dominion Bank – FinancialsSuncor Energy – EnergyCanadian Pacific Railway – IndustrialsiShares 20+ Year Treasury Bond ETF – FinancialsBrookfield Asset Management – FinancialsTC Energy – EnergyBank of Nova Scotia – FinancialsBarrick Gold – MaterialsTotal holdings 3,780Top 10 holdings aggregate 12.0%
ALLOCATION4
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 29.9 33.0Foreign Equities 24.5 21.9Canadian Equities 19.2 17.1Foreign Bonds 18.1 18.1High Yield Bonds 2.0 1.7Investment Grade CMBS 1.2 1.3Other Investments 1.1 1.3Cash & Other 4.1 5.7
EQUITY SECTOR MIX (%)
Materials 7.6 2.7Financials 7.5 6.7Energy 4.5 4.4Information Technology 4.3 4.2Consumer Discretionary 4.2 4.0Industrials 4.2 4.3Consumer Staples 3.0 2.8Communication Services 2.3 2.7Health Care 2.2 1.5Real Estate 1.7 1.8
COUNTRY MIX (%)
Canada 48.9 50.3United States 24.0 23.2Japan 3.9 3.7Germany 3.2 1.8United Kingdom 3.1 2.6China 3.0 2.3South Korea 1.2 0.0
For the currency neutral version please refer to page 111.1 On January 15, 2016, the Pool’s objectives changed to permit the Pool to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. ■ 2 The blended benchmark is 24% S&P/TSX Capped Composite Index, 16% MSCI All Country World ex Canada Index, 18% Barclays Capital Global Aggregate Bond Index, 27% FTSE Canada Universe Bond Index and 15% FTSE Canada 91 Day T-Bill Index. Prior to October 1, 2013, the blended benchmark was 20% S&P/TSX Capped Composite Index, 8% S&P 500 Index, 2% Russell 2500 Index, 7% MSCI EAFE Index (Europe, Australasia, Far East), 3% MSCI Emerging Markets Index, 35% FTSE Canada Universe Bond Index, 10% Barclays Capital Global Aggregate Bond Index – Hedged CAD, 3% ICE BofA/ML U.S. HY Master II Constrained Index – Hedged CAD, 2% J.P. Morgan Emerging Markets Bond Global Diversified Index – Hedged CAD and 10 % FTSE Canada 91 Day T-Bill Index. Prior to January 25, 2012, the blended benchmark was 20% S&P/TSX Capped Composite Index, 10% S&P 500 Index, 10% MSCI EAFE Index, 40% FTSE Canada Universe Bond Index and 20% FTSE Canada 91 Day T-Bill Index. ■ 3 Risk measures are based on 3-year net returns (Series F). ■ 4 Please refer to important information on page 131.
Pool factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateOctober 5, 2009
Pool benchmarkBlended index2
NAVPU - Class F$16.31
Pool aggregate assets (all classes)$3.175 billion
Management expense ratio –Class F0.85%, as at November 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryCanadian Fixed Income Balanced
Pool codesCANADIAN DOLLAR
Class B: 9019
Class S8: 9119
Class S5: 9219
Class I: 9319
Class I8: 9519
Class I5: 9419
Class F: 9619
Class F8: 9819
Class F5: 9719U.S. DOLLAR
Class B: 766
Class S8: 769
Class S5: 768
Class I: 775
Class I8: 780
Class I5: 778
Class F: 767
Class F8: 774
Class F5: 773
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 108
Fidelity Conservative Income Private Pool, Series F
Fidelity Conservative Income Private Pool is a conservative solution that aims to generate a steady flow of income, with the potential for capital growth, by investing in a diversified portfolio of fixed-income and equity investments. The Pool targets an asset class exposure of 20% equities and 80% fixed income.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsPOOL BENCHMARK1
1 month 4.24 3.56
3 month -2.14 0.50
6 month 0.64 3.05
1 year 3.75 5.57
2 year 4.79 6.01
3 year 3.00 3.95
5 year 3.83 4.20
Since inception 4.60 4.72
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
NOV-14 APR-20
POOLBENCHMARK
$1.278M
Calendar year performanceCalendar year performance
0%
2%
4%
6%
8%
10%
YTD20192018201720162015
0.28
2.83
8.28
7.72
1.23
1.58
3.01
3.36
3.24
3.24
7.66
5.96
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 5.41 4.26
Beta 1.21 —
R2 0.91 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Comex Gold Trust ETF – Materials
Royal Bank of Canada – Financials
Toronto-Dominion Bank – Financials
Microsoft – Information Technology
Apple – Information Technology
Brookfield Asset Management – Financials
Constellation Software – Information Technology
TC Energy – Energy
Canadian Pacific Railway – Industrials
Alimentation Couche-Tard – Consumer Staples
Total holdings 2,902
Top 10 holdings aggregate 7.6%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Canadian Bonds 44.8 47.1
Foreign Bonds 22.3 22.4
Foreign Equities 14.2 12.0
Canadian Equities 8.5 8.8
High Yield Bonds 2.7 3.0
Investment Grade CMBS 2.0 1.9
Other Investments 1.6 1.8
Cash & Other 3.9 3.0
EQUITY SECTOR MIX (%)
Materials 5.8 1.1
Financials 3.5 3.6
Information Technology 2.6 2.0
Consumer Staples 1.9 1.7
Industrials 1.7 1.7
Energy 1.6 2.4
Health Care 1.4 1.4
Consumer Discretionary 1.2 1.0
Communication Services 1.1 1.7
COUNTRY MIX (%)
Canada 53.4 56.5
United States 23.9 21.8
Japan 3.0 3.3
Germany 2.6 1.3
United Kingdom 2.4 2.5
China 1.5 0.0
Switzerland 1.2 1.1
Mexico 1.0 0.0
1 The blended benchmark is 12% S&P/TSX Capped Composite Index, 8% MSCI All Country World ex Canada Index, 36% FTSE Canada Universe Bond Index, 24% Barclays Capital Global Aggregate Bond Index and 20% FTSE Canada Short Term Bond Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Pool factsPortfolio managersGeoff SteinDavid WolfDavid Tulk
Series inception dateNovember 20, 2014
Pool benchmarkBlended index1
NAVPU - Series F$10.92
Pool aggregate assets (all series)$541.2 million
Management expense ratio –Series F0.83%, as at September 30, 2019
Also offered throughT-SWP®
Morningstar fund categoryGlobal Fixed Income Balanced
Pool codesCANADIAN DOLLAR
Series B: 2705
Series S8: 2772
Series S5: 2770
Series I: 2707
Series I8: 2776
Series I5: 2775
Series F: 2706
Series F8: 2774
Series F5: 2773U.S. DOLLAR
Series B: 2708
Series S8: 2778
Series S5: 2777
Series I: 2710
Series I8: 2782
Series I5: 2781
Series F: 2709
Series F8: 2780
Series F5: 2779
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only.For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128).109 ■ MarketPulse
Fidelity Global Asset Allocation Private Pool, Series FA globally diversified core holding featuring multi-asset class exposure and geographic diversification. The Pool is designed for risk-conscious investors seeking a blend of growth and income.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsPOOL BENCHMARK1
1 month 6.12 4.56
3 month -2.97 -1.27
6 month 0.65 2.12
1 year 2.00 4.02
2 year 3.88 5.77
Since inception 3.93 5.41
Growth of $1,000,000 since inception2Growth of $1,000,000 since inception2
$0.0M
$0.5M
$1.0M
$1.5M
NOV-17 APR-20
POOLBENCHMARK
$1.101M
Calendar year performanceCalendar year performance
-5%
0%
5%
10%
15%
YTD20192018
-1.4
5
0.44
10.8
2
10.7
8
1.37
2.54
Volatility meter2Volatility meter2
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Barclays Short Treasury Bond ETF – Financials
iShares Comex Gold Trust ETF – Materials
iShares Core S&P 500 ETF – Multi Sector
Alibaba Group – Consumer Discretionary
Microsoft – Information Technology
Tencent Holdings – Communication Services
Amazon.com – Consumer Discretionary
Netflix – Communication Services
Facebook – Communication Services
Berkshire Hathaway – Financials
Total holdings 2,677
Top 10 holdings aggregate 16.5%
ALLOCATION2
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 57.0 48.9
Foreign Bonds 35.8 34.7
High Yield Bonds 2.3 1.8
Other Investments 1.6 1.7
Futures, Options & Swaps 1.2 1.2
Cash & Other 2.2 11.8
EQUITY SECTOR MIX (%)
Financials 15.8 8.9
Information Technology 9.0 7.8
Consumer Discretionary 7.2 6.3
Health Care 6.4 4.9
Materials 6.3 2.3
Industrials 5.3 5.7
Communication Services 3.9 3.3
Consumer Staples 2.6 2.4
Multi Sector 2.2 4.0
Energy 1.5 3.0
COUNTRY MIX (%)
United States 51.5 47.0
Japan 8.0 7.5
China 6.1 3.5
Germany 5.9 2.6
United Kingdom 5.3 4.5
Switzerland 2.4 2.2
South Korea 2.4 1.6
France 2.1 1.3
Mexico 1.5 1.2
Denmark 1.5 0.0
For the currency neutral version please refer to page 111.1 The blended index is 50% MSCI AC World Index, 40% Barclays Capital Global Aggregate Bond Index and 10% FTSE Canada 91-Day T-Bill Index. ■ 2 Please refer to important information on page 131.
Pool factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateNovember 1, 2017
Pool benchmarkBlended index1
NAVPU - Series F$10.17
Pool aggregate assets (all series)$460.1 million
Management expense ratio –Series F0.95%, as at September 30, 2019
Also offered throughT-SWP®
Currency Neutral
Morningstar fund categoryGlobal Neutral Balanced
Pool codesCANADIAN DOLLAR
Series B: 5946
Series S8: 5948
Series S5: 5947
Series I: 5952
Series I8: 5954
Series I5: 5953
Series F: 5949
Series F8: 5951
Series F5: 5950U.S. DOLLAR
Series B: 6099
Series S8: 6101
Series S5: 6100
Series I: 6105
Series I8: 6107
Series I5: 6106
Series F: 6102
Series F8: 6104
Series F5: 6103
FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2020
For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages 115-128). MarketPulse ■ 110
Fidelity U.S. Growth and Income Private Pool, Series FA core U.S. offering that invests primarily in U.S. equities and fixed-income securities. It aims to provide capital appreciation with the potential for income.
PERFORMANCE (SERIES F)
Standard period returnsStandard period returnsPOOL BENCHMARK1
1 month 6.84 6.16
3 month 0.44 1.38
6 month 5.74 6.04
1 year 6.73 8.72
2 year 9.34 11.19
3 year 7.45 7.36
5 year 8.62 9.18
Since inception 10.79 11.81
Growth of $1,000,000 since inception3Growth of $1,000,000 since inception3
$0M
$1M
$2M
$3M
OCT-13 APR-20
POOLBENCHMARK
$1.955M
Calendar year performanceCalendar year performance
0%
5%
10%
15%
20%
YTD20192018201720162015
3.75
4.07
11.9
2
13.1
6
6.07
6.27
7.21
4.62
2.48
4.34
17.8
2
19.9
3
Pool risk measures2Pool risk measures2
POOL BENCHMARK
Annual Standard Deviation3 8.21 7.36
Beta 1.08 —
R2 0.93 —
Volatility meter3Volatility meter3
LOW LOW TO MEDIUM
MEDIUM MEDIUM TO HIGH
HIGH
QUARTERLY TOP TEN HOLDINGS
AS AT MARCH 31, 2020
iShares Comex Gold Trust ETF – Materials
Microsoft – Information Technology
Amazon.com – Consumer Discretionary
Facebook – Communication Services
UnitedHealth Group – Health Care
Netflix – Communication Services
Visa – Information Technology
iShares 20+ Year Treasury Bond ETF – Financials
Adobe – Information Technology
Berkshire Hathaway – Financials
Total holdings 963
Top 10 holdings aggregate 17.0%
ALLOCATION3
ASSET MIX (%)CURRENT
MONTH12 MONTHS
AGO
Foreign Equities 52.3 51.1
Foreign Bonds 37.5 30.5
High Yield Bonds 2.3 2.4
Canadian Equities 1.2 0.7
Other Investments 1.1 0.8
Cash & Other 5.6 14.5
EQUITY SECTOR MIX (%)
Information Technology 14.3 12.7
Financials 11.8 12.4
Health Care 9.0 6.0
Communication Services 5.3 4.2
Materials 5.2 1.2
Consumer Discretionary 5.1 5.5
Industrials 3.4 3.9
Consumer Staples 2.3 2.5
Energy 1.7 3.0
Real Estate 1.1 0.0
1 The blended benchmark is 50% Russell 3000 Index, 40% Barclays Capital U.S. Aggregate Bond Index and 10% Barclays Capital U.S. 3 Month T-Bill Index. ■ 2 Risk measures are based on 3-year net returns (Series F). ■ 3 Please refer to important information on page 131.
Pool factsPortfolio managersGeoff SteinDavid Wolf
Series inception dateOctober 16, 2013
Pool benchmarkBlended Index1
NAVPU - Series F$16.04
Pool aggregate assets (all series)$192.6 million
Management expense ratio –Series F0.97%, as at December 31, 2019
Also offered throughT-SWP®
Morningstar fund categoryGlobal Neutral Balanced
Pool codesCANADIAN DOLLAR
Series B: 1975
Series S8: 1977
Series S5: 1976
Series I: 1981
Series I8: 1983
Series I5: 1982
Series F: 1978
Series F8: 1980
Series F5: 1979U.S. DOLLAR
Series B: 1984
Series S8: 1986
Series S5: 1985
Series I: 1991
Series I8: 1993
Series I5: 1992
Series F: 1987
Series F8: 1990
Series F5: 1989
CURRENCY NEUTRAL
For advisor use only.111 n MarketPulse
Fidelity currency neutral solutionsas at April 30, 2020 SINCE AGGREGATE ASSETS VALUE OF $10,000 MANAGEMENT FUND NAME INCEPTION DATE NAVPU ($) YTD 1 M 3 M 6 M 1 Y 2 Y 3 Y 5 Y 10 Y INCEPTION (ALL SERIES) SINCE INCEPTION EXPENSE RATIO
U.S. EQUITY FUNDS
Fidelity American Disciplined Equity® Currency Neutral Class October 5, 2009 22.22 -9.85 12.82 -10.25 -3.32 -0.26 3.86 6.06 4.96 8.46 9.28 $20.6 million $25,553 1.21% (November 30, 2019)
Fidelity American Equity Currency Neutral Class May 28, 2014 14.65 -12.34 4.78 -14.34 -9.03 -4.70 4.11 4.51 3.72 6.66 $69.2 million $14,654 1.20% (November 30, 2019)
Fidelity Event Driven Opportunities Currency Neutral Class November 1, 2017 6.43 -25.51 8.13 -22.28 -19.84 -26.62 -21.67 -16.22 $0.9 million $6,429 1.22% (November 30, 2019)
Fidelity Small Cap America Currency Neutral Class May 28, 2014 12.61 -20.93 8.21 -19.84 -18.53 -20.18 -4.30 -0.35 0.76 4.00 $140.0 million $12,615 1.18% (November 30, 2019)
Fidelity U.S. All Cap Currency Neutral Class May 28, 2014 11.57 -20.98 9.94 -19.35 -16.97 -15.28 -5.73 -0.52 1.72 2.63 $9.2 million $11,665 1.22% (November 30, 2019)
Fidelity U.S. Dividend Currency Neutral Fund November 7, 2012 13.97 -15.87 8.49 -14.12 -11.05 -8.92 -0.50 0.45 2.84 6.95 $52.9 million $16,536 1.18% (December 31, 2019)
Fidelity U.S. Focused Stock Currency Neutral Class May 28, 2014 17.49 -4.96 12.50 -5.99 2.46 2.05 10.42 14.86 10.85 9.92 $22.6 million $17,521 1.20% (November 30, 2019) NORTH AMERICAN EQUITY FUNDS
Fidelity CanAm Opportunities Currency Neutral Class January 16, 2019 10.16 -12.91 12.78 -13.13 -9.48 -10.63 1.21 $27.8 million $10,156 1.14% (November 30, 2019)GLOBAL & INTERNATIONAL EQUITY FUNDS
Fidelity Founders™ Currency Neutral Class April 18, 2018 11.65 1.39 16.18 -1.82 8.95 6.86 9.11 7.79 $11.8 million $11,651 1.17% (November 30, 2019)
Fidelity Global Concentrated Equity Currency Neutral Fund November 1, 2017 8.09 -20.52 12.13 -17.51 -15.00 -11.91 -4.65 -2.95 $15.4 million $9,281 1.22% (September 30, 2019)
Fidelity Global Disciplined Equity® Currency Neutral Class October 5, 2009 18.47 -13.09 10.47 -12.17 -6.89 -5.69 -0.69 3.06 3.30 6.39 6.93 $5.9 million $20,315 1.25% (November 30, 2019)
Fidelity Global Growth and Value Currency Neutral Class June 14, 2018 9.62 -10.62 11.69 -10.19 -4.58 -3.86 -2.04 $107.8 million $9,621 1.23% (November 30, 2019)
Fidelity Global Innovators® Currency Neutral Class November 1, 2017 14.22 6.52 17.44 1.78 15.84 17.58 14.14 15.21 $467.1 million $14,239 1.21% (November 30, 2019)
Fidelity Global Intrinsic Value Currency Neutral Class October 28, 2015 11.15 -18.38 10.25 -15.61 -12.55 -11.94 -6.85 -1.02 2.52 $165.3 million $11,188 1.21% (November 30, 2019)
Fidelity Global Large Cap Currency Neutral Class April 4, 2011 17.47 -12.96 10.72 -12.00 -6.71 -5.36 -0.60 3.03 3.42 6.60 $8.3 million $17,867 1.24% (November 30, 2019)
Fidelity Insights Currency Neutral Class January 26, 2017 14.96 -2.49 13.26 -4.80 3.92 2.85 6.20 12.20 13.17 $494.1 million $14,967 1.21% (November 30, 2019)
Fidelity International Concentrated Equity Currency Neutral Fund November 1, 2017 7.97 -23.09 10.71 -19.81 -18.19 -17.78 -9.90 -7.33 $7.2 million $8,270 1.23% (September 30, 2019)
Fidelity International Disciplined Equity® Currency Neutral Class October 5, 2009 15.71 -14.92 7.37 -12.49 -9.73 -6.60 -3.07 0.18 0.67 4.38 4.76 $5.5 million $16,351 1.26% (November 30, 2019)
Fidelity NorthStar® Currency Neutral Class April 4, 2011 17.05 -9.52 11.79 -7.37 -4.27 -5.91 -4.24 -1.58 0.50 6.57 $182.6 million $17,813 1.22% (November 30, 2019) U.S. ASSET ALLOCATION AND BALANCED FUNDS
Fidelity American Balanced Currency Neutral Fund June 28, 2016 12.07 -9.17 7.16 -9.39 -5.51 -3.37 0.82 3.40 5.14 $87.5 million $12,122 1.20% (September 30, 2019)
Fidelity U.S. Monthly Income Currency Neutral Fund May 28, 2014 16.09 -9.96 5.72 -10.15 -7.45 -4.23 1.26 1.50 2.64 3.09 $116.7 million $11,977 1.09% (September 30, 2019) GLOBAL ASSET ALLOCATION AND BALANCED FUNDS
Fidelity Global Monthly Income Currency Neutral Fund June 28, 2016 10.77 -8.64 6.01 -8.96 -5.70 -1.66 2.09 2.60 4.58 $156.3 million $11,876 1.13% (September 30, 2019)
Fidelity NorthStar® Balanced Currency Neutral Fund May 28, 2014 10.52 -7.37 7.21 -7.08 -4.23 -2.93 -0.92 0.05 1.27 2.58 $229.4 million $11,631 1.15% (September 30, 2019)
Fidelity Tactical High Income Currency Neutral Fund May 28, 2014 10.53 -5.38 6.71 -4.36 -0.90 3.95 6.55 4.00 4.32 4.60 $52.2 million $13,055 1.05% (September 30, 2019) U.S. FIXED-INCOME FUNDS
Fidelity American High Yield Currency Neutral Fund November 6, 2006 7.68 -11.74 3.95 -11.36 -9.55 -8.26 -1.81 -0.30 1.38 4.57 4.94 $439.9 million $19,171 1.08% (December 31, 2019)
Fidelity Floating Rate High Income Currency Neutral Fund May 28, 2014 8.24 -10.42 4.15 -10.67 -8.69 -8.98 -3.35 -1.25 0.52 1.02 $17.8 million $10,620 1.07% (September 30, 2019) GLOBAL FIXED-INCOME FUNDS
Fidelity Global Bond Currency Neutral Fund April 16, 2007 11.44 0.05 3.39 -2.19 -0.09 5.31 4.66 3.39 3.02 3.63 3.75 $28.6 million $16,161 0.94% (September 30, 2019)
Fidelity Investment Grade Total Bond Currency Neutral Fund January 24, 2018 9.89 -1.15 3.12 -2.83 -0.81 3.67 3.91 2.86 $216.2 million $10,661 0.95% (September 30, 2019)
Fidelity Multi-Sector Bond Currency Neutral Fund May 10, 2017 9.72 -1.87 3.35 -3.56 -1.23 3.25 4.00 2.90 $632.6 million $10,889 0.95% (September 30, 2019)
Fidelity Strategic Income Currency Neutral Fund June 28, 2016 9.05 -7.33 3.13 -8.04 -6.02 -3.77 -0.01 0.50 2.10 $55.4 million $10,830 0.95% (September 30, 2019) FIDELITY PRIVATE INVESTMENT POOLS VALUE OF $1M SINCE INCEPTION
Fidelity Asset Allocation Currency Neutral Private Pool December 14, 2011 14.81 -2.71 6.17 -4.67 -0.87 2.54 3.38 3.03 3.09 5.34 $131.1 million $1.547 million 0.99% (November 30, 2019)
Fidelity Balanced Currency Neutral Private Pool October 5, 2009 16.06 -6.84 8.22 -7.68 -4.44 -1.83 1.35 2.10 2.65 5.08 5.47 $342.3 million $1.756 million 0.95% (November 30, 2019)
Fidelity Balanced Income Currency Neutral Private Pool October 5, 2009 14.93 -4.63 6.44 -5.81 -3.06 -0.40 1.90 2.12 2.44 4.38 4.60 $377.4 million $1.609 million 0.89% (November 30, 2019)
Fidelity Global Asset Allocation Currency Neutral Private Pool November 1, 2017 9.77 -6.48 7.29 -6.69 -3.51 -0.95 1.03 1.21 $38.6 million $1.030 million 1.00% (September 30, 2019)
Fidelity Global Equity Currency Neutral Private Pool October 5, 2009 19.15 -20.52 12.31 -17.53 -14.91 -12.13 -4.59 0.25 1.45 6.10 6.78 $18.8 million $2.001 million 1.17% (November 30, 2019)
Fidelity International Equity Currency Neutral Private Pool October 5, 2009 14.02 -20.04 11.40 -17.11 -15.34 -14.39 -8.76 -3.09 -1.69 3.61 4.05 $4.4 million $1.522 million 1.18% (November 30, 2019)
Fidelity U.S. Equity Currency Neutral Private Pool October 5, 2009 23.51 -9.62 12.82 -10.04 -3.09 0.01 3.96 6.15 5.25 8.73 9.60 $15.9 million $2.635 million 1.11% (November 30, 2019)
Please refer to pages 117-128 for the currency neutral fund codes.Currency neutrals funds use derivatives to mitigate the fund’s exposure to changes in exchange rates between developed market currencies and the Canadian dollar. The investment approach used by the funds, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The funds’ returns will differ from the local currency returns of its underlying funds.
For advisor use only. MarketPulse n 112
SINCE AGGREGATE ASSETS VALUE OF $10,000 MANAGEMENT FUND NAME INCEPTION DATE NAVPU ($) YTD 1 M 3 M 6 M 1 Y 2 Y 3 Y 5 Y 10 Y INCEPTION (ALL SERIES) SINCE INCEPTION EXPENSE RATIO
U.S. EQUITY FUNDS
Fidelity American Disciplined Equity® Currency Neutral Class October 5, 2009 22.22 -9.85 12.82 -10.25 -3.32 -0.26 3.86 6.06 4.96 8.46 9.28 $20.6 million $25,553 1.21% (November 30, 2019)
Fidelity American Equity Currency Neutral Class May 28, 2014 14.65 -12.34 4.78 -14.34 -9.03 -4.70 4.11 4.51 3.72 6.66 $69.2 million $14,654 1.20% (November 30, 2019)
Fidelity Event Driven Opportunities Currency Neutral Class November 1, 2017 6.43 -25.51 8.13 -22.28 -19.84 -26.62 -21.67 -16.22 $0.9 million $6,429 1.22% (November 30, 2019)
Fidelity Small Cap America Currency Neutral Class May 28, 2014 12.61 -20.93 8.21 -19.84 -18.53 -20.18 -4.30 -0.35 0.76 4.00 $140.0 million $12,615 1.18% (November 30, 2019)
Fidelity U.S. All Cap Currency Neutral Class May 28, 2014 11.57 -20.98 9.94 -19.35 -16.97 -15.28 -5.73 -0.52 1.72 2.63 $9.2 million $11,665 1.22% (November 30, 2019)
Fidelity U.S. Dividend Currency Neutral Fund November 7, 2012 13.97 -15.87 8.49 -14.12 -11.05 -8.92 -0.50 0.45 2.84 6.95 $52.9 million $16,536 1.18% (December 31, 2019)
Fidelity U.S. Focused Stock Currency Neutral Class May 28, 2014 17.49 -4.96 12.50 -5.99 2.46 2.05 10.42 14.86 10.85 9.92 $22.6 million $17,521 1.20% (November 30, 2019) NORTH AMERICAN EQUITY FUNDS
Fidelity CanAm Opportunities Currency Neutral Class January 16, 2019 10.16 -12.91 12.78 -13.13 -9.48 -10.63 1.21 $27.8 million $10,156 1.14% (November 30, 2019)GLOBAL & INTERNATIONAL EQUITY FUNDS
Fidelity Founders™ Currency Neutral Class April 18, 2018 11.65 1.39 16.18 -1.82 8.95 6.86 9.11 7.79 $11.8 million $11,651 1.17% (November 30, 2019)
Fidelity Global Concentrated Equity Currency Neutral Fund November 1, 2017 8.09 -20.52 12.13 -17.51 -15.00 -11.91 -4.65 -2.95 $15.4 million $9,281 1.22% (September 30, 2019)
Fidelity Global Disciplined Equity® Currency Neutral Class October 5, 2009 18.47 -13.09 10.47 -12.17 -6.89 -5.69 -0.69 3.06 3.30 6.39 6.93 $5.9 million $20,315 1.25% (November 30, 2019)
Fidelity Global Growth and Value Currency Neutral Class June 14, 2018 9.62 -10.62 11.69 -10.19 -4.58 -3.86 -2.04 $107.8 million $9,621 1.23% (November 30, 2019)
Fidelity Global Innovators® Currency Neutral Class November 1, 2017 14.22 6.52 17.44 1.78 15.84 17.58 14.14 15.21 $467.1 million $14,239 1.21% (November 30, 2019)
Fidelity Global Intrinsic Value Currency Neutral Class October 28, 2015 11.15 -18.38 10.25 -15.61 -12.55 -11.94 -6.85 -1.02 2.52 $165.3 million $11,188 1.21% (November 30, 2019)
Fidelity Global Large Cap Currency Neutral Class April 4, 2011 17.47 -12.96 10.72 -12.00 -6.71 -5.36 -0.60 3.03 3.42 6.60 $8.3 million $17,867 1.24% (November 30, 2019)
Fidelity Insights Currency Neutral Class January 26, 2017 14.96 -2.49 13.26 -4.80 3.92 2.85 6.20 12.20 13.17 $494.1 million $14,967 1.21% (November 30, 2019)
Fidelity International Concentrated Equity Currency Neutral Fund November 1, 2017 7.97 -23.09 10.71 -19.81 -18.19 -17.78 -9.90 -7.33 $7.2 million $8,270 1.23% (September 30, 2019)
Fidelity International Disciplined Equity® Currency Neutral Class October 5, 2009 15.71 -14.92 7.37 -12.49 -9.73 -6.60 -3.07 0.18 0.67 4.38 4.76 $5.5 million $16,351 1.26% (November 30, 2019)
Fidelity NorthStar® Currency Neutral Class April 4, 2011 17.05 -9.52 11.79 -7.37 -4.27 -5.91 -4.24 -1.58 0.50 6.57 $182.6 million $17,813 1.22% (November 30, 2019) U.S. ASSET ALLOCATION AND BALANCED FUNDS
Fidelity American Balanced Currency Neutral Fund June 28, 2016 12.07 -9.17 7.16 -9.39 -5.51 -3.37 0.82 3.40 5.14 $87.5 million $12,122 1.20% (September 30, 2019)
Fidelity U.S. Monthly Income Currency Neutral Fund May 28, 2014 16.09 -9.96 5.72 -10.15 -7.45 -4.23 1.26 1.50 2.64 3.09 $116.7 million $11,977 1.09% (September 30, 2019) GLOBAL ASSET ALLOCATION AND BALANCED FUNDS
Fidelity Global Monthly Income Currency Neutral Fund June 28, 2016 10.77 -8.64 6.01 -8.96 -5.70 -1.66 2.09 2.60 4.58 $156.3 million $11,876 1.13% (September 30, 2019)
Fidelity NorthStar® Balanced Currency Neutral Fund May 28, 2014 10.52 -7.37 7.21 -7.08 -4.23 -2.93 -0.92 0.05 1.27 2.58 $229.4 million $11,631 1.15% (September 30, 2019)
Fidelity Tactical High Income Currency Neutral Fund May 28, 2014 10.53 -5.38 6.71 -4.36 -0.90 3.95 6.55 4.00 4.32 4.60 $52.2 million $13,055 1.05% (September 30, 2019) U.S. FIXED-INCOME FUNDS
Fidelity American High Yield Currency Neutral Fund November 6, 2006 7.68 -11.74 3.95 -11.36 -9.55 -8.26 -1.81 -0.30 1.38 4.57 4.94 $439.9 million $19,171 1.08% (December 31, 2019)
Fidelity Floating Rate High Income Currency Neutral Fund May 28, 2014 8.24 -10.42 4.15 -10.67 -8.69 -8.98 -3.35 -1.25 0.52 1.02 $17.8 million $10,620 1.07% (September 30, 2019) GLOBAL FIXED-INCOME FUNDS
Fidelity Global Bond Currency Neutral Fund April 16, 2007 11.44 0.05 3.39 -2.19 -0.09 5.31 4.66 3.39 3.02 3.63 3.75 $28.6 million $16,161 0.94% (September 30, 2019)
Fidelity Investment Grade Total Bond Currency Neutral Fund January 24, 2018 9.89 -1.15 3.12 -2.83 -0.81 3.67 3.91 2.86 $216.2 million $10,661 0.95% (September 30, 2019)
Fidelity Multi-Sector Bond Currency Neutral Fund May 10, 2017 9.72 -1.87 3.35 -3.56 -1.23 3.25 4.00 2.90 $632.6 million $10,889 0.95% (September 30, 2019)
Fidelity Strategic Income Currency Neutral Fund June 28, 2016 9.05 -7.33 3.13 -8.04 -6.02 -3.77 -0.01 0.50 2.10 $55.4 million $10,830 0.95% (September 30, 2019) FIDELITY PRIVATE INVESTMENT POOLS VALUE OF $1M SINCE INCEPTION
Fidelity Asset Allocation Currency Neutral Private Pool December 14, 2011 14.81 -2.71 6.17 -4.67 -0.87 2.54 3.38 3.03 3.09 5.34 $131.1 million $1.547 million 0.99% (November 30, 2019)
Fidelity Balanced Currency Neutral Private Pool October 5, 2009 16.06 -6.84 8.22 -7.68 -4.44 -1.83 1.35 2.10 2.65 5.08 5.47 $342.3 million $1.756 million 0.95% (November 30, 2019)
Fidelity Balanced Income Currency Neutral Private Pool October 5, 2009 14.93 -4.63 6.44 -5.81 -3.06 -0.40 1.90 2.12 2.44 4.38 4.60 $377.4 million $1.609 million 0.89% (November 30, 2019)
Fidelity Global Asset Allocation Currency Neutral Private Pool November 1, 2017 9.77 -6.48 7.29 -6.69 -3.51 -0.95 1.03 1.21 $38.6 million $1.030 million 1.00% (September 30, 2019)
Fidelity Global Equity Currency Neutral Private Pool October 5, 2009 19.15 -20.52 12.31 -17.53 -14.91 -12.13 -4.59 0.25 1.45 6.10 6.78 $18.8 million $2.001 million 1.17% (November 30, 2019)
Fidelity International Equity Currency Neutral Private Pool October 5, 2009 14.02 -20.04 11.40 -17.11 -15.34 -14.39 -8.76 -3.09 -1.69 3.61 4.05 $4.4 million $1.522 million 1.18% (November 30, 2019)
Fidelity U.S. Equity Currency Neutral Private Pool October 5, 2009 23.51 -9.62 12.82 -10.04 -3.09 0.01 3.96 6.15 5.25 8.73 9.60 $15.9 million $2.635 million 1.11% (November 30, 2019)
SYSTEMATIC CURRENCY HEDGED
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Fidelity systematic currency hedged solutionsas at April 30, 2020
SINCE VALUE OF $10,000 MANAGEMENT FUND NAME INCEPTION DATE NAVPU ($) YTD 1 M 3 M 6 M INCEPTION SINCE INCEPTION EXPENSE RATIO
U.S. EQUITY FUNDS
Fidelity American Equity Systematic Currency Hedged Fund June 6, 2019 9.29 -11.35 4.27 -13.53 -8.12 -5.73 $8.3 million $9,427 1.25% (December 31, 2019)
Fidelity Insights Systematic Currency Hedged Fund June 6, 2019 10.57 -1.41 12.80 -3.93 4.90 6.19 $58.7 million $10,619 1.27% (September 30, 2019)
Fidelity Small Cap America Systematic Currency Hedged Fund June 6, 2019 7.89 -19.86 7.89 -18.88 -17.50 -20.33 $19.2 million $7,967 1.21% (December 31, 2019)
Fidelity U.S. Dividend Systematic Currency Hedged Fund June 6, 2019 9.18 -14.84 7.97 -13.27 -10.07 -6.44 $0.8 million $9,356 1.26% (December 31, 2019)
Fidelity U.S. Focused Stock Systematic Currency Hedged Fund June 6, 2019 10.62 -3.83 12.01 -5.05 3.55 6.24 $3.3 million $10,625 1.25% (December 31, 2019)
Fidelity U.S. Growth Opportunities Systematic Currency Hedged Class January 22, 2020 9.67 17.10 -0.93 -3.34 $3.6 million $9,666 n/a
Fidelity Women’s Leadership Systematic Currency Hedged Fund June 6, 2019 9.85 -10.18 12.87 -11.68 -4.91 -1.51 $1.5 million $9,849 1.26% (December 31, 2019)
Please refer to pages 117-120 for the systematic currency hedged fund codes.Fidelity systematic currency hedged funds use derivatives to mitigate the funds’ exposure to changes in exchange rates between the U.S. dollar and the Canadian dollar. While the systematic currency hedged strategy, a quantitative model used by the funds, aims to achieve the optimal exposure to the U.S. dollar at a point in time, there is no assurance that the strategy will be effective. The funds’ returns will differ from the local currency returns of its underlying funds. Fidelity systematic currency hedged funds may also have exposure to other foreign currencies (such as the euro or the yen), which are not hedged. The funds’ exposure to other foreign currencies may change at any time and the funds may choose to hedge these exposures in the future.
AGGREGATE ASSETS(ALL SERIES)
For advisor use only. MarketPulse n 114
SINCE VALUE OF $10,000 MANAGEMENT FUND NAME INCEPTION DATE NAVPU ($) YTD 1 M 3 M 6 M INCEPTION SINCE INCEPTION EXPENSE RATIO
U.S. EQUITY FUNDS
Fidelity American Equity Systematic Currency Hedged Fund June 6, 2019 9.29 -11.35 4.27 -13.53 -8.12 -5.73 $8.3 million $9,427 1.25% (December 31, 2019)
Fidelity Insights Systematic Currency Hedged Fund June 6, 2019 10.57 -1.41 12.80 -3.93 4.90 6.19 $58.7 million $10,619 1.27% (September 30, 2019)
Fidelity Small Cap America Systematic Currency Hedged Fund June 6, 2019 7.89 -19.86 7.89 -18.88 -17.50 -20.33 $19.2 million $7,967 1.21% (December 31, 2019)
Fidelity U.S. Dividend Systematic Currency Hedged Fund June 6, 2019 9.18 -14.84 7.97 -13.27 -10.07 -6.44 $0.8 million $9,356 1.26% (December 31, 2019)
Fidelity U.S. Focused Stock Systematic Currency Hedged Fund June 6, 2019 10.62 -3.83 12.01 -5.05 3.55 6.24 $3.3 million $10,625 1.25% (December 31, 2019)
Fidelity U.S. Growth Opportunities Systematic Currency Hedged Class January 22, 2020 9.67 17.10 -0.93 -3.34 $3.6 million $9,666 n/a
Fidelity Women’s Leadership Systematic Currency Hedged Fund June 6, 2019 9.85 -10.18 12.87 -11.68 -4.91 -1.51 $1.5 million $9,849 1.26% (December 31, 2019)
AGGREGATE ASSETS(ALL SERIES)
FIDELITY FUND FACTS
For advisor use only.115 n MarketPulse
At-a-glance
Distribution optionsDistribution reinvestment plan Distributions paid by the Fund(s) to the investor are automa-tically reinvested in additional units/shares of the Fund(s) at the net asset value per unit/share on the date of distribution.
Cash distribution option Cash distributions are available for all Funds (except in reg-istered plans), if the unitholder provides Fidelity with written instructions requesting cash distributions. Distributions will be paid directly into the unitholder’s bank account or by cheque. If such a letter is not received by Fidelity Investments, distribu-tions will automatically be reinvested in additional units of the same Fund.
We may charge you a fee of $25 for each cash distribution you request by cheque.
Service ChargesPurchase option Investors may purchase Fidelity Funds on an initial sales charge (ISC), deferred sales charge (DSC), low load (LL) or low load 2 (LL2) basis.
The table at the bottom of the page summarizes the annual service fees payable to an investment professional for each Fidelity Fund.
Deferred Sales Charge (DSC) option Investment professionals receive a commission of 4.9% of the value of units/shares sold under the deferred sales charge option. An investor who elects to purchase units/shares of a Fund(s) through the deferred sales charge option will pay the applicable net asset value per unit/share, with no sales charge payable at the time of purchase. However, a redemption charge will be applied to any units/shares redeemed within six years of their date of issue or deemed date of issue. This charge is based on the cost of the units/shares at the time they were purchased.
The following list outlines in detail the schedule used to calcula te the redemption charge.
If an investor sells units/shares of a Fund(s), he or she will pay a charge of:n 6.0% during the first year an investor owns themn 5.5% during the second year an investor owns themn 5.0% during the third year an investor owns themn 4.5% during the fourth year an investor owns themn 3.0% during the fifth year an investor owns themn 1.5% during the sixth year an investor owns themn zero after six years of owning them
Low Load (LL) Deferred Sales Charge optionInvestors may choose the low load (LL) deferred sales charge option for Series A or Series T units. With this option, they will pay the net asset value per unit/share without a sales charge at the time of purchase. If they redeem their units/shares with-in two years of buying them, investors will pay a fixed deferred sales charge based on the original cost of the units/shares and how long they were held:n 2.0% if redeemed during the first year an investor owns
themn 2.0% if redeemed during the second year an investor owns
themn zero after two years of owning them
Under the LL option, investment professionals receive from Fidelity a commission of 1.0% of the value of units/shares sold.
Low Load 2 (LL2) Deferred Sales Charge optionInvestors may choose the low load 2 (LL2) deferred sales charge option for Series A or Series T units. With this option, they will pay the net asset value per unit/share without a sales charge at the time of purchase. If they redeem their units/shares within three years of buying them, investors will pay a fixed deferred sales charge based on the original cost of the units/shares and how long they were held:n 3.0% if redeemed during the first year an investor owns
themn 2.5% if redeemed during the second year an investor owns
themn 2.0% if redeemed during the third year an investor owns
themn zero after three years of owning them
Under the LL2 option, investment professionals receive from Fidelity a commissio n of 2.5% of the value of units/shares sold.
Annual service fees SERIES A/T SERIES A/T SERIES A/T SERIES B/S SERIES I DSC LL LL2 ISC ISC
Equity Funds 0.50% 1.00% 0.50% 1.00% 0% – 1.00%
Asset Allocation and Balanced Funds, Fidelity Dividend Plus Fund, Fidelity ClearPathTM Retirement Portfolios,1 Fidelity Managed Portfolios 0.50% 1.00% 0.50% 1.00% 0% – 1.00%
Fidelity Income Allocation Fund 0.375% 0.75% 0.375% 0.75% 0% – 0.75%
Fixed-Income Funds,2 Fidelity ClearPath® Income Portfolio, Fidelity ClearPath® 2005 Portfolio 0.25% 0.50% 0.25% 0.50% 0% – 0.50%
Money Market Funds3 0.25% 0.25% 0.25% 0.25% 0% – 0.25%
1 Except Fidelity ClearPath® Income Portfolio and Fidelity ClearPath® 2005 Portfolio.2 Except Fidelity Canadian Money Market Fund and Fidelity U.S. Money Market Fund.3 Fidelity Canadian Money Market Fund (Series C and D) is available to advisors for single-ticket purchases into
Fidelity ClearPlanTM Custom Fund Portfolios. All three deferred sales charge options (DSC, LL, and LL2) are available in Series C, while ISC is available in Series D. Investments are automatically allocated to the advisors’ prescribed target fund mix when the signed ClearPlanTM instructions are received.
Sales chargesInitial Sales Charge (ISC) option An investor who elects to purchase units/shares of a Fund(s) through the initial sales charge option will pay the applicable net asset value per unit, plus a sales charge between 0% and 5%, on any Fidelity Fund(s). This charge is negotiated between the investor and the invest ment professional, and is payable at the time of purchase. The initial sales charge is deducted as a percentage of the amount an investor contribute s.
For advisor use only. MarketPulse n 116
10% free redemption The 10% free redemption will be calculated based on the original cost of the units/shares, and will factor in any cash distributions an investor elects to receive, as well as any redemptions of reinvested units/shares. Units/shares purchased under the LL and LL2 sales options are not eligible for 10% free redemp tion. Please refer to Fidelity’s simpli fied prospectus for more details.
Automatic conversionSeries A and Series T5 or T8 units purchased under all deferred sales charge options will be auto matically converted to lower-fee ISC Series B and Series S5 or S8 as follows : n DSC – 7 years after their original purchase daten LL – 3 years after their original purchase daten LL2 – 4 years after their original purchase date
Fidelity’s Preferred Program is available to Series B and S5 security holders who qualify to be automatically switched by Fidelity into a new multi-tiered series (“Series E”). Series E is available on most Fidelity Funds and offers lower combined management and administration fees than Series B securities. Series E securities have differing management and administration fees, depending on the Series E tier for which an investor is eligible. Series E securities are available only to investors who hold Series B or Series S5 securities and then qualify to hold Series E securities. Except for investors currently participating in the Large Account Program, Fidelity will automatically switch any Series B and Series S5 securities held by an investor who qualifies for Series E securi-ties into the Series E securities with the lowest combined management and administration fees available to that investor. If an investor no longer meets the requirements to be eligible for a particular Series E tier, Fidelity will automat-ically switch these securities into the appropriate series that will have higher combined management and administration fees that will not exceed the Series B fees. Please see the Series E eligibility requirements in the Fidelity Funds and Fidelity Capital Structure Corp.’s simplified prospectuses for further details. Not all Series E tiers are available for all Fidelity Funds. Additional Series E tiers may be made available from time to time. The series currently available for each Fidelity Fund are set out on the cover pages of the Fidelity Funds and Fidelity Capital Structure Corp.’s simplified prospectuses.
Fees and chargesShort-term trading fee Fidelity monitors for short-term trading activity. You are charged a short-term trading fee of 1% of the value of the units if you redeem or switch units within 30 days of buying units of any series of any of the following Funds:n Global and International Equity Funds.n Global Sector Funds.n Global Asset Allocation and Balanced Funds (except for Fidelity U.S. Monthly
Income Fund and Fidelity U.S. Monthly Income Currency Neutral Fund).n Fidelity Global Income Portfolio, Fidelity Global Balanced Portfolio and
Fidelity Global Growth Portfolio.n U.S. Fixed Income Funds (except Fidelity U.S. Money Market Fund).n Global Fixed Income Funds.
We may decide to waive the fee in certain limited circumstances, for example, the death of a unitholder. For this purpose, units held for the longest time period are treated as being redeemed first, and units held for the shortest time period are treated as being redeemed last.
In addition, Fidelity monitors account trading activity to identify patterns of excessive trading. Excessive trading activity is determined by the number of redemptions or switches out of a Fund within 30 days of a purchase or switch into a Fund. For this purpose, units held for the shortest time period are treated as being redeemed first, and units held for the longest time period are treated as being redeemed last. If you redeem or switch units of the Funds (other than Fidelity Canadian Money Market Fund, Fidelity U.S. Money Market Fund and Fidelity Canadian Short Term Bond Fund) within this period, you may:n Receive a warning letter.n Be charged a short-term trading fee of up to 1% of the value of the units.n Have your account blocked from further purchases and switches for a period
of time.n Be required to redeem your account.
Further to the above sanctions, Fidelity may, in its sole discretion, restrict, reject, or cancel any purchase or switch into a Fund, or apply additional sanctions where we deem activity to not be in the Funds’ interests.
Switch fees An investor who sells units/shares of one Fidelity Fund to switch to another Fidelity Fund may be required to pay up to 2% of the units’/shares’ value to his or her investment professional. Fidelity deducts this charge from the value of the units/shares prior to switching them. If an investor switches units/shares within 30 days of purchase, he or she may also be charged a short-term trading fee. An investor will not incur a deferred sales charge when he or she switches from one Fidelity Fund to another, within Series A, T5 or T8.
Large Account ProgramWe also offer a program for large investors that we call our Large Account Program or LAP. Under this program, our decision to reduce the typical fees depends on a number of factors, including the size of the investment and the investor’s total investments with us. We currently only consider an investor a “large investor” for purposes of considering a fee reduction if the holdings with Fidelity are a minimum of $250,000 individually, or $500,000 for a LAP financial group. A LAP financial group is all accounts held by related persons living at the same address, and includes accounts in the names of companies for which one or more members of the LAP financial group are beneficial owners of greater than 50% of the voting equity. You can obtain further details by contacting your financial advisor.
The Large Account Program is closed to new individuals who are not related to existing LAP participants.
Series I, I5 and I8Effective November 26, 2008, Fidelity introduced Series I, I5 and I8 for the Fidelity Private Investment Program Pools, with a negotiable trailer fee. The difference between the trailer fee negotiated with your dealer and the maxi-mum annual trailer fee payable for Series I, I5 and I8 is paid to you in the same manner as management fee discounts. Please refer to the simplified prospec-tus for the Fidelity Private Investment Pools for more details.
FIDELITY FUND FACTS
For advisor use only.117 n MarketPulse
FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
EQUITY FUNDSCANADIANFidelity Canadian Disciplined Equity® Fund 524 824 024 224 1518 1818 1318 1218 508 808 308 208 624 1839 1843 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 A. Marchese since 3/09
Fidelity Canadian Growth Company Fund 565 865 065 265 5396 5467 5468 5394 5397 5469 5470 5395 665 5227 5228 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl since 3/11
Fidelity Canadian Large Cap Fund 531 831 031 231 1539 1578 1653 1660 1654 1656 1659 1661 631 1662 1666 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Dupont since 3/11
Fidelity Canadian Opportunities Fund 515 815 095 215 1674 1677 1678 1682 1679 1680 1681 1683 615 1684 1685 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée since 9/08
Fidelity Dividend Fund 521 341 021 221 1535 1835 1335 1235 511 335 073 235 611 1760 1761 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Newman, C. Martin, S. Tella1
Fidelity Dividend Plus Fund 523 832 032 223 786 787 788 785 791 793 794 790 632 1756 1759 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 D. Newman since 10/11
Fidelity Greater Canada Fund 1546 1846 1046 1246 1566 1866 1066 1266 1556 1856 1056 1256 1646 1764 1766 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée since 10/11
Fidelity Greater Canada Fund US$ 1547 1847 1047 1247 n/a n/a n/a n/a n/a n/a n/a n/a 1647 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Lavallée since 10/11
Fidelity Special Situations Fund 1598 1898 1098 1298 1720 1721 1722 1726 1723 1724 1725 1727 1698 1728 1729 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl since 4/07
Fidelity Special Situations Fund US$ 1599 1899 1099 1299 n/a n/a n/a n/a n/a n/a n/a n/a 1699 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Schmehl since 4/07
Fidelity True North® Fund 525 825 036 225 1513 1813 1313 1213 503 803 003 203 625 1774 1775 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Lemieux since 11/09U.S.Fidelity American Disciplined Equity® Fund 583 383 083 283 1516 1816 1316 1216 506 806 006 206 683 1778 1779 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity American Disciplined Equity® Fund US$ 437 847 047 737 n/a n/a n/a n/a n/a n/a n/a n/a 637 1962 1963 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity American Equity Fund 564 864 064 264 2381 2383 2385 2387 2382 2384 2386 2388 638 2389 2391 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 10/13
Fidelity American Equity Fund US$ 459 859 059 759 2392 2394 2396 2398 2393 2395 2397 2399 659 2400 2401 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 10/13
Fidelity American Equity Systematic Currency Hedged Fund 6785 6786 6787 6794 6788 6789 6790 6795 6791 6792 6793 6796 6797 6798 6799 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 6/19
Fidelity Event Driven Opportunities Fund3 2789 2790 2791 2798 2792 2793 2794 2799 2795 2796 2797 2800 2807 2808 2809 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 4/20
Fidelity Event Driven Opportunities Fund US$3 2817 2818 2819 2834 2820 2828 2829 2835 2830 2832 2833 2836 2837 2838 2839 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 4/20
Fidelity Small Cap America Fund 561 861 061 261 1700 1701 1702 1706 1703 1704 1705 1707 661 1708 1709 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 5/11
Fidelity Small Cap America Fund US$ 462 862 062 762 1939 1941 1942 1947 1943 1944 1945 1948 662 1949 1950 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 5/11
Fidelity Small Cap America Systematic Currency Hedged Fund 6805 6806 6807 6814 6808 6809 6810 6815 6811 6812 6813 6816 6817 6818 6819 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 6/19
Fidelity U.S. All Cap Fund 1461 1462 1463 1497 1464 1466 1470 1498 1488 1489 1490 1499 1500 1533 1536 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth since 1/13
Fidelity U.S. All Cap Fund US$ 1543 1544 1545 1580 1548 1549 1553 1581 1554 1574 1577 1582 1583 1584 1585 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth since 1/13
Fidelity U.S. Dividend Fund 905 943 947 966 917 944 954 974 941 946 958 976 978 979 980 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Fund US$ 1016 1021 1049 986 1018 1024 1051 987 1019 1029 1053 990 995 996 998 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Currency Neutral Fund 1054 1062 1100 1138 1059 1079 1114 1139 1061 1096 1133 1164 1170 1177 1178 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Systematic Currency Hedged Fund 6833 6834 6835 6842 6836 6837 6838 6843 6839 6840 6841 6844 6845 6846 6847 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 6/19
Fidelity U.S. Dividend Registered Fund 1438 1439 1440 1454 n/a n/a n/a n/a n/a n/a n/a n/a 1459 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Registered Fund US$ 1451 1452 1453 1455 n/a n/a n/a n/a n/a n/a n/a n/a 1460 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Focused Stock Fund 534 834 034 234 1512 1812 1312 1212 502 802 002 202 634 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour since 2/13
Fidelity U.S. Focused Stock Fund US$ 421 331 017 721 n/a n/a n/a n/a n/a n/a n/a n/a 621 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. DuFour since 2/13
Fidelity U.S. Focused Stock Systematic Currency Hedged Fund 6853 6854 6855 6862 6856 6857 6858 6863 6859 6860 6861 6864 6865 6866 6867 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour since 6/19
Fidelity Women’s Leadership Fund 6671 6672 6673 6680 6674 6675 6676 6681 6677 6678 6679 6682 6683 6684 6685 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 N. Connolly since 6/19
Fidelity Women’s Leadership Fund US$ 6698 6699 6700 6707 6701 6702 6703 6708 6704 6705 6706 6709 6710 6711 6712 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 N. Connolly since 6/19
Fidelity Women’s Leadership Systematic Currency Hedged Fund 6726 6727 6728 6735 6729 6730 6731 6736 6732 6733 6734 6737 6738 6739 6740 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 N. Connolly since 6/19GLOBAL AND INTERNATIONALFidelity AsiaStar® Fund 1508 1808 1008 1208 n/a n/a n/a n/a n/a n/a n/a n/a 1608 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/12
Fidelity AsiaStar® Fund US$ 1509 1809 1009 1209 n/a n/a n/a n/a n/a n/a n/a n/a 1609 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/12
Fidelity China Fund 1506 1806 1006 1206 1887 1890 1891 1895 1892 1893 1894 1896 1606 1900 1903 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Ning since 10/13
Fidelity China Fund US$ 1507 1807 1007 1207 n/a n/a n/a n/a n/a n/a n/a n/a 1607 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Ning since 10/13
Fidelity Emerging Markets Fund 575 875 075 275 n/a n/a n/a n/a n/a n/a n/a n/a 675 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak since 3/19
Fidelity Emerging Markets Fund US$ 476 876 076 776 n/a n/a n/a n/a n/a n/a n/a n/a 676 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak since 3/19
Fidelity Europe Fund 428 828 028 228 n/a n/a n/a n/a n/a n/a n/a n/a 628 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Siddle since 6/18; H. Powell since 9/19
Fidelity Europe Fund US$ 538 838 038 748 n/a n/a n/a n/a n/a n/a n/a n/a 648 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Siddle since 6/18; H. Powell since 9/19
Fidelity Far East Fund 537 837 037 227 1740 1741 1742 1746 1743 1744 1745 1747 627 1748 1749 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 B. MacDonald since 10/16
Fidelity Far East Fund US$ 422 811 011 722 n/a n/a n/a n/a n/a n/a n/a n/a 622 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 B. MacDonald since 10/16
Fidelity Frontier Emerging Markets Fund* 551 851 051 251 n/a n/a n/a n/a n/a n/a n/a n/a 651 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Kutas since 2/09
Fidelity Frontier Emerging Markets Fund* US$ 452 342 042 752 n/a n/a n/a n/a n/a n/a n/a n/a 652 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Kutas since 2/09
Fidelity Global Fund 530 830 304 230 1534 1834 1334 1234 504 804 004 204 630 5231 5232 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Podger since 11/14
Fidelity Global Fund US$ 427 827 027 723 n/a n/a n/a n/a n/a n/a n/a n/a 623 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Podger since 11/14
Fidelity Global Concentrated Equity Fund 507 807 007 207 2360 2362 2364 2366 2361 2363 2365 2367 607 2368 2369 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion since 10/13
Fidelity Global Concentrated Equity Fund US$ 409 809 339 709 2370 2373 2375 2377 2372 2374 2376 2378 609 2379 2380 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion since 10/13
Fidelity Global Concentrated Equity Currency Neutral Fund 6042 6043 6044 6051 6045 6046 6047 6052 6048 6049 6050 6053 6058 6059 6060 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion since 10/13
Fidelity Global Disciplined Equity® Fund 500 800 008 200 1529 1829 1329 1229 509 300 009 209 600 5229 5230 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Disciplined Equity® Fund US$ 479 879 079 779 n/a n/a n/a n/a n/a n/a n/a n/a 679 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Dividend Fund 1540 1840 1040 1240 1560 1860 1060 1260 1550 1850 1050 1250 1640 1784 1785 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/152
Fidelity Global Dividend Fund US$ 1541 1841 1041 1241 n/a n/a n/a n/a n/a n/a n/a n/a 1641 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/152
*On January 15, 2016, Fidelity Latin America Fund was renamed Fidelity Frontier Emerging Markets Fund, and its investment objectives were changed to allow it to invest across frontier and emerging markets, rather than maintaining a focus on Latin American markets. n 1 G. Stein since 4/11; D. Newman since 3/09; C. Martin since 7/12; D. Wolf since 3/14; S. Tella since 4/15. n
At-a-glance, continued
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FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
EQUITY FUNDSCANADIANFidelity Canadian Disciplined Equity® Fund 524 824 024 224 1518 1818 1318 1218 508 808 308 208 624 1839 1843 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 A. Marchese since 3/09
Fidelity Canadian Growth Company Fund 565 865 065 265 5396 5467 5468 5394 5397 5469 5470 5395 665 5227 5228 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl since 3/11
Fidelity Canadian Large Cap Fund 531 831 031 231 1539 1578 1653 1660 1654 1656 1659 1661 631 1662 1666 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Dupont since 3/11
Fidelity Canadian Opportunities Fund 515 815 095 215 1674 1677 1678 1682 1679 1680 1681 1683 615 1684 1685 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée since 9/08
Fidelity Dividend Fund 521 341 021 221 1535 1835 1335 1235 511 335 073 235 611 1760 1761 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Newman, C. Martin, S. Tella1
Fidelity Dividend Plus Fund 523 832 032 223 786 787 788 785 791 793 794 790 632 1756 1759 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 D. Newman since 10/11
Fidelity Greater Canada Fund 1546 1846 1046 1246 1566 1866 1066 1266 1556 1856 1056 1256 1646 1764 1766 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée since 10/11
Fidelity Greater Canada Fund US$ 1547 1847 1047 1247 n/a n/a n/a n/a n/a n/a n/a n/a 1647 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Lavallée since 10/11
Fidelity Special Situations Fund 1598 1898 1098 1298 1720 1721 1722 1726 1723 1724 1725 1727 1698 1728 1729 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl since 4/07
Fidelity Special Situations Fund US$ 1599 1899 1099 1299 n/a n/a n/a n/a n/a n/a n/a n/a 1699 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Schmehl since 4/07
Fidelity True North® Fund 525 825 036 225 1513 1813 1313 1213 503 803 003 203 625 1774 1775 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Lemieux since 11/09U.S.Fidelity American Disciplined Equity® Fund 583 383 083 283 1516 1816 1316 1216 506 806 006 206 683 1778 1779 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity American Disciplined Equity® Fund US$ 437 847 047 737 n/a n/a n/a n/a n/a n/a n/a n/a 637 1962 1963 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity American Equity Fund 564 864 064 264 2381 2383 2385 2387 2382 2384 2386 2388 638 2389 2391 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 10/13
Fidelity American Equity Fund US$ 459 859 059 759 2392 2394 2396 2398 2393 2395 2397 2399 659 2400 2401 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 10/13
Fidelity American Equity Systematic Currency Hedged Fund 6785 6786 6787 6794 6788 6789 6790 6795 6791 6792 6793 6796 6797 6798 6799 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 6/19
Fidelity Event Driven Opportunities Fund3 2789 2790 2791 2798 2792 2793 2794 2799 2795 2796 2797 2800 2807 2808 2809 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 4/20
Fidelity Event Driven Opportunities Fund US$3 2817 2818 2819 2834 2820 2828 2829 2835 2830 2832 2833 2836 2837 2838 2839 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 4/20
Fidelity Small Cap America Fund 561 861 061 261 1700 1701 1702 1706 1703 1704 1705 1707 661 1708 1709 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 5/11
Fidelity Small Cap America Fund US$ 462 862 062 762 1939 1941 1942 1947 1943 1944 1945 1948 662 1949 1950 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 5/11
Fidelity Small Cap America Systematic Currency Hedged Fund 6805 6806 6807 6814 6808 6809 6810 6815 6811 6812 6813 6816 6817 6818 6819 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan since 6/19
Fidelity U.S. All Cap Fund 1461 1462 1463 1497 1464 1466 1470 1498 1488 1489 1490 1499 1500 1533 1536 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth since 1/13
Fidelity U.S. All Cap Fund US$ 1543 1544 1545 1580 1548 1549 1553 1581 1554 1574 1577 1582 1583 1584 1585 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth since 1/13
Fidelity U.S. Dividend Fund 905 943 947 966 917 944 954 974 941 946 958 976 978 979 980 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Fund US$ 1016 1021 1049 986 1018 1024 1051 987 1019 1029 1053 990 995 996 998 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Currency Neutral Fund 1054 1062 1100 1138 1059 1079 1114 1139 1061 1096 1133 1164 1170 1177 1178 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Systematic Currency Hedged Fund 6833 6834 6835 6842 6836 6837 6838 6843 6839 6840 6841 6844 6845 6846 6847 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 R. Persaud since 6/19
Fidelity U.S. Dividend Registered Fund 1438 1439 1440 1454 n/a n/a n/a n/a n/a n/a n/a n/a 1459 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Dividend Registered Fund US$ 1451 1452 1453 1455 n/a n/a n/a n/a n/a n/a n/a n/a 1460 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 R. Persaud since 5/17
Fidelity U.S. Focused Stock Fund 534 834 034 234 1512 1812 1312 1212 502 802 002 202 634 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour since 2/13
Fidelity U.S. Focused Stock Fund US$ 421 331 017 721 n/a n/a n/a n/a n/a n/a n/a n/a 621 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. DuFour since 2/13
Fidelity U.S. Focused Stock Systematic Currency Hedged Fund 6853 6854 6855 6862 6856 6857 6858 6863 6859 6860 6861 6864 6865 6866 6867 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour since 6/19
Fidelity Women’s Leadership Fund 6671 6672 6673 6680 6674 6675 6676 6681 6677 6678 6679 6682 6683 6684 6685 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 N. Connolly since 6/19
Fidelity Women’s Leadership Fund US$ 6698 6699 6700 6707 6701 6702 6703 6708 6704 6705 6706 6709 6710 6711 6712 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 N. Connolly since 6/19
Fidelity Women’s Leadership Systematic Currency Hedged Fund 6726 6727 6728 6735 6729 6730 6731 6736 6732 6733 6734 6737 6738 6739 6740 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 N. Connolly since 6/19GLOBAL AND INTERNATIONALFidelity AsiaStar® Fund 1508 1808 1008 1208 n/a n/a n/a n/a n/a n/a n/a n/a 1608 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/12
Fidelity AsiaStar® Fund US$ 1509 1809 1009 1209 n/a n/a n/a n/a n/a n/a n/a n/a 1609 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/12
Fidelity China Fund 1506 1806 1006 1206 1887 1890 1891 1895 1892 1893 1894 1896 1606 1900 1903 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Ning since 10/13
Fidelity China Fund US$ 1507 1807 1007 1207 n/a n/a n/a n/a n/a n/a n/a n/a 1607 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Ning since 10/13
Fidelity Emerging Markets Fund 575 875 075 275 n/a n/a n/a n/a n/a n/a n/a n/a 675 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak since 3/19
Fidelity Emerging Markets Fund US$ 476 876 076 776 n/a n/a n/a n/a n/a n/a n/a n/a 676 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak since 3/19
Fidelity Europe Fund 428 828 028 228 n/a n/a n/a n/a n/a n/a n/a n/a 628 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Siddle since 6/18; H. Powell since 9/19
Fidelity Europe Fund US$ 538 838 038 748 n/a n/a n/a n/a n/a n/a n/a n/a 648 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Siddle since 6/18; H. Powell since 9/19
Fidelity Far East Fund 537 837 037 227 1740 1741 1742 1746 1743 1744 1745 1747 627 1748 1749 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 B. MacDonald since 10/16
Fidelity Far East Fund US$ 422 811 011 722 n/a n/a n/a n/a n/a n/a n/a n/a 622 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 B. MacDonald since 10/16
Fidelity Frontier Emerging Markets Fund* 551 851 051 251 n/a n/a n/a n/a n/a n/a n/a n/a 651 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Kutas since 2/09
Fidelity Frontier Emerging Markets Fund* US$ 452 342 042 752 n/a n/a n/a n/a n/a n/a n/a n/a 652 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Kutas since 2/09
Fidelity Global Fund 530 830 304 230 1534 1834 1334 1234 504 804 004 204 630 5231 5232 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Podger since 11/14
Fidelity Global Fund US$ 427 827 027 723 n/a n/a n/a n/a n/a n/a n/a n/a 623 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Podger since 11/14
Fidelity Global Concentrated Equity Fund 507 807 007 207 2360 2362 2364 2366 2361 2363 2365 2367 607 2368 2369 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion since 10/13
Fidelity Global Concentrated Equity Fund US$ 409 809 339 709 2370 2373 2375 2377 2372 2374 2376 2378 609 2379 2380 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion since 10/13
Fidelity Global Concentrated Equity Currency Neutral Fund 6042 6043 6044 6051 6045 6046 6047 6052 6048 6049 6050 6053 6058 6059 6060 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion since 10/13
Fidelity Global Disciplined Equity® Fund 500 800 008 200 1529 1829 1329 1229 509 300 009 209 600 5229 5230 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Disciplined Equity® Fund US$ 479 879 079 779 n/a n/a n/a n/a n/a n/a n/a n/a 679 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Dividend Fund 1540 1840 1040 1240 1560 1860 1060 1260 1550 1850 1050 1250 1640 1784 1785 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/152
Fidelity Global Dividend Fund US$ 1541 1841 1041 1241 n/a n/a n/a n/a n/a n/a n/a n/a 1641 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/152
2 S. Buller since 4/07; J. Moore since 11/11, R. Persaud since 12/12; M. Foggin, A. Lewis since 12/17. n 3 As of March 30, 2020, the Fund will be closed to new investors. The Fund will remain available to existing investors including those with systematic purchase and exchange programs in connection with the Fund.
FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
EQUITY FUNDS – continuedGLOBAL AND INTERNATIONALFidelity Global Large Cap Fund 1033 1034 1035 1036 1043 1044 1045 1031 1011 1012 1013 1048 1037 5233 5234 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Large Cap Fund US$ 1080 1081 1082 1083 n/a n/a n/a n/a n/a n/a n/a n/a 1084 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Small Cap Fund 1186 1187 1188 1190 n/a n/a n/a n/a n/a n/a n/a n/a 1191 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei since 3/18
Fidelity Global Small Cap Fund US$ 1193 1194 1195 1196 n/a n/a n/a n/a n/a n/a n/a n/a 1197 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei since 3/18
Fidelity Insights Systematic Currency Hedged Fund 6873 6874 6875 6882 6876 6877 6878 6883 6879 6880 6881 6884 6885 6886 6887 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff since 6/19
Fidelity International Concentrated Equity Fund 1502 1802 1002 1202 n/a n/a n/a n/a n/a n/a n/a n/a 1602 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 P. Quirion since 4/16
Fidelity International Concentrated Equity Fund US$ 1503 1803 1003 1203 n/a n/a n/a n/a n/a n/a n/a n/a 1603 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 P. Quirion since 4/16
Fidelity International Concentrated Equity Currency Neutral Fund 6065 6066 6067 6068 n/a n/a n/a n/a n/a n/a n/a n/a 6072 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 P. Quirion since 4/16
Fidelity International Disciplined Equity® Fund 1504 1804 1004 1204 1524 1824 1324 1224 1514 1814 1014 1214 1604 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 2/16
Fidelity International Disciplined Equity® Fund US$ 1505 1805 1005 1205 n/a n/a n/a n/a n/a n/a n/a n/a 1605 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett since 2/16
Fidelity International Growth Fund 570 870 070 270 2338 2341 2343 3346 2339 2342 2344 3347 670 3348 3349 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss since 10/13
Fidelity International Growth Fund US$ 470 371 071 770 2350 2352 2354 2356 2351 2353 2355 2357 671 2358 2359 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss since 10/13
Fidelity Japan Fund 821 320 022 220 n/a n/a n/a n/a n/a n/a n/a n/a 620 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/13
Fidelity Japan Fund US$ 823 813 023 720 n/a n/a n/a n/a n/a n/a n/a n/a 619 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/13
Fidelity NorthStar® Fund 553 853 053 253 1562 1862 1362 1262 562 353 343 262 653 1788 1789 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 10/02; D. Dupont since 10/11; K. Weaver since 11/19
Fidelity NorthStar® Fund US$ 489 319 398 789 n/a n/a n/a n/a n/a n/a n/a n/a 689 1966 1967 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 10/02; D. Dupont since 10/11; K. Weaver since 11/19
EQUITY SECTOR FUNDSGLOBALFidelity Global Consumer Industries Fund 512 812 012 212 n/a n/a n/a n/a n/a n/a n/a n/a 612 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Wynimko since 2/15
Fidelity Global Consumer Industries Fund US$ 591 891 091 291 n/a n/a n/a n/a n/a n/a n/a n/a 691 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Wynimko since 2/15
Fidelity Global Financial Services Fund 548 848 048 248 n/a n/a n/a n/a n/a n/a n/a n/a 608 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Boutsis since 1/10
Fidelity Global Financial Services Fund US$ 588 388 088 288 n/a n/a n/a n/a n/a n/a n/a n/a 688 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Boutsis since 1/10
Fidelity Global Health Care Fund 599 899 099 299 n/a n/a n/a n/a n/a n/a n/a n/a 699 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Gold, A. Lodha since 12/17; J. Finegold since 9/19
Fidelity Global Health Care Fund US$ 540 840 344 240 n/a n/a n/a n/a n/a n/a n/a n/a 640 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Gold, A. Lodha since 12/17; J. Finegold since 9/19
Fidelity Global Natural Resources Fund 577 877 077 277 n/a n/a n/a n/a n/a n/a n/a n/a 677 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Overdevest, D. Lekkerkerker since 5/07
Fidelity Global Natural Resources Fund US$ 550 850 050 250 n/a n/a n/a n/a n/a n/a n/a n/a 650 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Overdevest, D. Lekkerkerker since 5/07
Fidelity Global Real Estate Fund 1501 1801 1001 1201 1531 1831 1331 1231 1521 1821 1321 1221 1601 1794 1795 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. Buller since 5/06
Fidelity Global Real Estate Fund US$ 1510 1810 1010 1210 n/a n/a n/a n/a n/a n/a n/a n/a 1610 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Buller since 5/06
Fidelity Global Telecommunications Fund 592 892 092 292 n/a n/a n/a n/a n/a n/a n/a n/a 692 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Shivram since 11/08
Fidelity Global Telecommunications Fund US$ 492 393 093 792 n/a n/a n/a n/a n/a n/a n/a n/a 693 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Shivram since 11/08
Fidelity Technology Innovators Fund 597 397 097 297 n/a n/a n/a n/a n/a n/a n/a n/a 697 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Sohn since 3/13
Fidelity Technology Innovators Fund US$ 560 860 060 260 n/a n/a n/a n/a n/a n/a n/a n/a 660 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Sohn since 3/13
ASSET ALLOCATION AND BALANCED FUNDSCANADIANFidelity Canadian Asset Allocation Fund 581 381 081 281 1589 1889 1389 1289 589 889 089 289 681 1799 1833 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 4/11; D. Wolf since 3/141
Fidelity Canadian Balanced Fund 582 382 082 282 1579 1879 1379 1279 579 369 087 279 682 1836 1837 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/152
Fidelity Income Allocation Fund 594 394 094 294 782 783 784 781 513 313 013 213 613 1752 1753 1.55 1.40 0.65 Monthly Monthly 0.375 0.75 0.375 0.75 G. Stein since 8/07; D. Wolf since 3/143
Fidelity Monthly Income Fund 569 869 069 269 1519 1819 1319 1219 519 819 019 219 669 1750 1751 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 4/11; D. Wolf since 3/144
U.S.Fidelity American Balanced Fund 2949 2950 2951 2958 2952 2953 2954 2959 2955 2956 2957 2960 2961 2962 2963 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 5/15
Fidelity American Balanced Fund US$ 2965 2966 2967 2974 2968 2969 2970 2975 2971 2972 2973 2976 2977 2978 2979 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 5/15
Fidelity American Balanced Currency Neutral Fund 3506 3507 3508 3532 3509 3517 3518 3553 3519 3527 3529 3555 3557 3558 3559 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 6/16
Fidelity U.S. Monthly Income Fund 1315 1322 1326 1330 1317 1323 1327 1332 1320 1325 1328 1333 1336 1337 1338 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 11/12; D. Wolf since 3/15
Fidelity U.S. Monthly Income Fund US$ 1340 1343 1347 1350 1341 1345 1348 1352 1342 1346 1349 1353 1354 1355 1360 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 11/12; D. Wolf since 3/15
Fidelity U.S. Monthly Income Currency Neutral Fund 2675 2678 2687 2697 2676 2679 2688 2698 2677 2680 2690 2699 2700 2701 2702 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/14; D. Wolf since 3/15GLOBALFidelity Conservative Income Fund 2723 2724 2725 2732 2726 2727 2728 2733 2729 2730 2731 2734 2735 2736 2737 1.55 1.40 0.65 Monthly Monthly 0.375 0.75 0.375 0.75 D. Wolf since 5/15; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Conservative Income Fund US$ 2783 2784 2785 2849 2786 2787 2788 2851 2846 2847 2848 2853 2855 2857 2859 1.55 1.40 0.65 Monthly Monthly 0.375 0.75 0.375 0.75 D. Wolf since 5/15; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Global Asset Allocation Fund 349 849 049 249 1559 1859 1359 1259 559 329 029 259 649 1853 1854 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 A. Akbar since 10/13; N. Peters since 1/205
Fidelity Global Asset Allocation Fund US$ 539 839 039 729 n/a n/a n/a n/a n/a n/a n/a n/a 629 n/a n/a 2.00 1.85 0.85 Quarterly n/a 0.50 1.00 0.50 1.00 A. Akbar since 10/13; N. Peters since 1/205
Fidelity Global Monthly Income Fund 1522 1822 1022 1222 1552 1852 1052 1252 1532 1832 1032 1232 1622 1848 1849 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/156
Fidelity Global Monthly Income Fund US$ 1523 1823 1023 1223 n/a n/a n/a n/a n/a n/a n/a n/a 1623 n/a n/a 1.95 1.80 0.80 Monthly n/a 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/156
Fidelity Global Monthly Income Currency Neutral Fund 3561 3562 3564 4140 3565 3568 3569 4141 3574 3575 4139 4142 4143 4121 4122 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/156
Fidelity NorthStar® Balanced Fund 2346 2349 2404 2407 2347 2402 2405 2408 2348 2403 2406 2409 2410 2411 2412 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity NorthStar® Balanced Fund US$ 2413 2416 2419 2422 2414 2417 2420 2423 2415 2418 2421 2424 2425 2426 2427 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity NorthStar® Balanced Currency Neutral Fund 2428 2431 2434 2437 2429 2432 2435 2438 2430 2433 2436 2439 2440 2441 2442 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity Tactical High Income Fund 2444 2447 2450 2453 2445 2448 2451 2454 2446 2449 2452 2455 2456 2457 2458 1.90 1.75 0.75 Monthly Monthly 0.50 1.00 0.50 1.00 A. Kramer, F. O’Neil since 5/14, R. Persaud since 12/17
Fidelity Tactical High Income Fund US$ 2459 2462 2465 2468 2460 2463 2466 2469 2461 2464 2467 2470 2472 2473 2474 1.90 1.75 0.75 Monthly Monthly 0.50 1.00 0.50 1.00 A. Kramer, F. O’Neil since 5/14, R. Persaud since 12/17
Fidelity Tactical High Income Currency Neutral Fund 2475 2478 2481 2484 2476 2479 2482 2485 2477 2480 2483 2486 2487 2488 2489 1.90 1.75 0.75 Monthly Monthly 0.50 1.00 0.50 1.00 A. Kramer, F. O’Neil since 5/14, R. Persaud since 12/17
Fidelity Tactical Strategies Fund 1302 1303 1304 1344 1395 1396 1397 1384 1400 1401 1402 1393 1356 1409 1414 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity Tactical Strategies Fund US$ 1415 1416 1417 1418 n/a n/a n/a n/a n/a n/a n/a n/a 1419 n/a n/a 1.95 1.80 0.80 Quarterly n/a 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
FIDELITY FUND FACTS
For advisor use only.119 n MarketPulse
At-a-glance, continued
1 H. Lavallée since 4/11; D. Lekkerkerker since 4/11; D. Newman since 3/09; J. Overdevest since 4/11; C. Martin since 7/12; S. Tella since 4/15; H. Lank since 4/11; M. Weaver since 4/11. n 2 D. Lekkerkerker since 9/08; C. Martin since 7/12; S. Tella since 4/15; H. Lank since 8/07. n 3 D. Dupont since 9/08; D. Newman since 10/11; C. Martin since 7/12; S. Tella since 4/15; H. Lank since
For advisor use only. MarketPulse n 120
FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
EQUITY FUNDS – continuedGLOBAL AND INTERNATIONALFidelity Global Large Cap Fund 1033 1034 1035 1036 1043 1044 1045 1031 1011 1012 1013 1048 1037 5233 5234 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Large Cap Fund US$ 1080 1081 1082 1083 n/a n/a n/a n/a n/a n/a n/a n/a 1084 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett since 10/13
Fidelity Global Small Cap Fund 1186 1187 1188 1190 n/a n/a n/a n/a n/a n/a n/a n/a 1191 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei since 3/18
Fidelity Global Small Cap Fund US$ 1193 1194 1195 1196 n/a n/a n/a n/a n/a n/a n/a n/a 1197 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei since 3/18
Fidelity Insights Systematic Currency Hedged Fund 6873 6874 6875 6882 6876 6877 6878 6883 6879 6880 6881 6884 6885 6886 6887 2.06 1.91 0.91 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff since 6/19
Fidelity International Concentrated Equity Fund 1502 1802 1002 1202 n/a n/a n/a n/a n/a n/a n/a n/a 1602 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 P. Quirion since 4/16
Fidelity International Concentrated Equity Fund US$ 1503 1803 1003 1203 n/a n/a n/a n/a n/a n/a n/a n/a 1603 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 P. Quirion since 4/16
Fidelity International Concentrated Equity Currency Neutral Fund 6065 6066 6067 6068 n/a n/a n/a n/a n/a n/a n/a n/a 6072 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 P. Quirion since 4/16
Fidelity International Disciplined Equity® Fund 1504 1804 1004 1204 1524 1824 1324 1224 1514 1814 1014 1214 1604 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett since 2/16
Fidelity International Disciplined Equity® Fund US$ 1505 1805 1005 1205 n/a n/a n/a n/a n/a n/a n/a n/a 1605 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett since 2/16
Fidelity International Growth Fund 570 870 070 270 2338 2341 2343 3346 2339 2342 2344 3347 670 3348 3349 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss since 10/13
Fidelity International Growth Fund US$ 470 371 071 770 2350 2352 2354 2356 2351 2353 2355 2357 671 2358 2359 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss since 10/13
Fidelity Japan Fund 821 320 022 220 n/a n/a n/a n/a n/a n/a n/a n/a 620 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/13
Fidelity Japan Fund US$ 823 813 023 720 n/a n/a n/a n/a n/a n/a n/a n/a 619 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb since 7/13
Fidelity NorthStar® Fund 553 853 053 253 1562 1862 1362 1262 562 353 343 262 653 1788 1789 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 10/02; D. Dupont since 10/11; K. Weaver since 11/19
Fidelity NorthStar® Fund US$ 489 319 398 789 n/a n/a n/a n/a n/a n/a n/a n/a 689 1966 1967 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast since 10/02; D. Dupont since 10/11; K. Weaver since 11/19
EQUITY SECTOR FUNDSGLOBALFidelity Global Consumer Industries Fund 512 812 012 212 n/a n/a n/a n/a n/a n/a n/a n/a 612 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Wynimko since 2/15
Fidelity Global Consumer Industries Fund US$ 591 891 091 291 n/a n/a n/a n/a n/a n/a n/a n/a 691 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Wynimko since 2/15
Fidelity Global Financial Services Fund 548 848 048 248 n/a n/a n/a n/a n/a n/a n/a n/a 608 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Boutsis since 1/10
Fidelity Global Financial Services Fund US$ 588 388 088 288 n/a n/a n/a n/a n/a n/a n/a n/a 688 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Boutsis since 1/10
Fidelity Global Health Care Fund 599 899 099 299 n/a n/a n/a n/a n/a n/a n/a n/a 699 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Gold, A. Lodha since 12/17; J. Finegold since 9/19
Fidelity Global Health Care Fund US$ 540 840 344 240 n/a n/a n/a n/a n/a n/a n/a n/a 640 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Gold, A. Lodha since 12/17; J. Finegold since 9/19
Fidelity Global Natural Resources Fund 577 877 077 277 n/a n/a n/a n/a n/a n/a n/a n/a 677 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Overdevest, D. Lekkerkerker since 5/07
Fidelity Global Natural Resources Fund US$ 550 850 050 250 n/a n/a n/a n/a n/a n/a n/a n/a 650 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Overdevest, D. Lekkerkerker since 5/07
Fidelity Global Real Estate Fund 1501 1801 1001 1201 1531 1831 1331 1231 1521 1821 1321 1221 1601 1794 1795 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. Buller since 5/06
Fidelity Global Real Estate Fund US$ 1510 1810 1010 1210 n/a n/a n/a n/a n/a n/a n/a n/a 1610 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Buller since 5/06
Fidelity Global Telecommunications Fund 592 892 092 292 n/a n/a n/a n/a n/a n/a n/a n/a 692 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Shivram since 11/08
Fidelity Global Telecommunications Fund US$ 492 393 093 792 n/a n/a n/a n/a n/a n/a n/a n/a 693 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Shivram since 11/08
Fidelity Technology Innovators Fund 597 397 097 297 n/a n/a n/a n/a n/a n/a n/a n/a 697 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Sohn since 3/13
Fidelity Technology Innovators Fund US$ 560 860 060 260 n/a n/a n/a n/a n/a n/a n/a n/a 660 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Sohn since 3/13
ASSET ALLOCATION AND BALANCED FUNDSCANADIANFidelity Canadian Asset Allocation Fund 581 381 081 281 1589 1889 1389 1289 589 889 089 289 681 1799 1833 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 4/11; D. Wolf since 3/141
Fidelity Canadian Balanced Fund 582 382 082 282 1579 1879 1379 1279 579 369 087 279 682 1836 1837 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/152
Fidelity Income Allocation Fund 594 394 094 294 782 783 784 781 513 313 013 213 613 1752 1753 1.55 1.40 0.65 Monthly Monthly 0.375 0.75 0.375 0.75 G. Stein since 8/07; D. Wolf since 3/143
Fidelity Monthly Income Fund 569 869 069 269 1519 1819 1319 1219 519 819 019 219 669 1750 1751 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 4/11; D. Wolf since 3/144
U.S.Fidelity American Balanced Fund 2949 2950 2951 2958 2952 2953 2954 2959 2955 2956 2957 2960 2961 2962 2963 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 5/15
Fidelity American Balanced Fund US$ 2965 2966 2967 2974 2968 2969 2970 2975 2971 2972 2973 2976 2977 2978 2979 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 5/15
Fidelity American Balanced Currency Neutral Fund 3506 3507 3508 3532 3509 3517 3518 3553 3519 3527 3529 3555 3557 3558 3559 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 6/16
Fidelity U.S. Monthly Income Fund 1315 1322 1326 1330 1317 1323 1327 1332 1320 1325 1328 1333 1336 1337 1338 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 11/12; D. Wolf since 3/15
Fidelity U.S. Monthly Income Fund US$ 1340 1343 1347 1350 1341 1345 1348 1352 1342 1346 1349 1353 1354 1355 1360 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 11/12; D. Wolf since 3/15
Fidelity U.S. Monthly Income Currency Neutral Fund 2675 2678 2687 2697 2676 2679 2688 2698 2677 2680 2690 2699 2700 2701 2702 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/14; D. Wolf since 3/15GLOBALFidelity Conservative Income Fund 2723 2724 2725 2732 2726 2727 2728 2733 2729 2730 2731 2734 2735 2736 2737 1.55 1.40 0.65 Monthly Monthly 0.375 0.75 0.375 0.75 D. Wolf since 5/15; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Conservative Income Fund US$ 2783 2784 2785 2849 2786 2787 2788 2851 2846 2847 2848 2853 2855 2857 2859 1.55 1.40 0.65 Monthly Monthly 0.375 0.75 0.375 0.75 D. Wolf since 5/15; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Global Asset Allocation Fund 349 849 049 249 1559 1859 1359 1259 559 329 029 259 649 1853 1854 2.00 1.85 0.85 Quarterly Monthly 0.50 1.00 0.50 1.00 A. Akbar since 10/13; N. Peters since 1/205
Fidelity Global Asset Allocation Fund US$ 539 839 039 729 n/a n/a n/a n/a n/a n/a n/a n/a 629 n/a n/a 2.00 1.85 0.85 Quarterly n/a 0.50 1.00 0.50 1.00 A. Akbar since 10/13; N. Peters since 1/205
Fidelity Global Monthly Income Fund 1522 1822 1022 1222 1552 1852 1052 1252 1532 1832 1032 1232 1622 1848 1849 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/156
Fidelity Global Monthly Income Fund US$ 1523 1823 1023 1223 n/a n/a n/a n/a n/a n/a n/a n/a 1623 n/a n/a 1.95 1.80 0.80 Monthly n/a 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/156
Fidelity Global Monthly Income Currency Neutral Fund 3561 3562 3564 4140 3565 3568 3569 4141 3574 3575 4139 4142 4143 4121 4122 1.95 1.80 0.80 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/156
Fidelity NorthStar® Balanced Fund 2346 2349 2404 2407 2347 2402 2405 2408 2348 2403 2406 2409 2410 2411 2412 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity NorthStar® Balanced Fund US$ 2413 2416 2419 2422 2414 2417 2420 2423 2415 2418 2421 2424 2425 2426 2427 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity NorthStar® Balanced Currency Neutral Fund 2428 2431 2434 2437 2429 2432 2435 2438 2430 2433 2436 2439 2440 2441 2442 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity Tactical High Income Fund 2444 2447 2450 2453 2445 2448 2451 2454 2446 2449 2452 2455 2456 2457 2458 1.90 1.75 0.75 Monthly Monthly 0.50 1.00 0.50 1.00 A. Kramer, F. O’Neil since 5/14, R. Persaud since 12/17
Fidelity Tactical High Income Fund US$ 2459 2462 2465 2468 2460 2463 2466 2469 2461 2464 2467 2470 2472 2473 2474 1.90 1.75 0.75 Monthly Monthly 0.50 1.00 0.50 1.00 A. Kramer, F. O’Neil since 5/14, R. Persaud since 12/17
Fidelity Tactical High Income Currency Neutral Fund 2475 2478 2481 2484 2476 2479 2482 2485 2477 2480 2483 2486 2487 2488 2489 1.90 1.75 0.75 Monthly Monthly 0.50 1.00 0.50 1.00 A. Kramer, F. O’Neil since 5/14, R. Persaud since 12/17
Fidelity Tactical Strategies Fund 1302 1303 1304 1344 1395 1396 1397 1384 1400 1401 1402 1393 1356 1409 1414 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
Fidelity Tactical Strategies Fund US$ 1415 1416 1417 1418 n/a n/a n/a n/a n/a n/a n/a n/a 1419 n/a n/a 1.95 1.80 0.80 Quarterly n/a 0.50 1.00 0.50 1.00 G. Stein, D. Wolf since 7/17
8/07. n 4 D. Dupont since 9/08; D. Newman since 10/11; C. Martin since 7/12; S. Tella since 4/15; H. Lank since 8/07; D. Bagnani since 4/11. n 5 M. Jones, H. Savani since 7/15; J. Moore since 11/11. n 6 R. Persaud since 12/12; S. Buller since 4/07; J. Moore since 11/11; M. Weaver since 12/12; J. Kelly since 4/07.
FIDELITY FUND FACTS
For advisor use only.121 n MarketPulse
At-a-glance, continued FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
LIFECYCLE FUNDSFidelity ClearPath® Income Portfolio 444 333 307 777 1511 1811 1311 1211 411 311 378 711 111 n/a n/a 1.50 1.25 0.60 Quarterly Monthly 0.25 0.50 0.25 0.50 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2005 Portfolio 405 305 306 705 1551 1851 1351 1251 451 351 357 751 005 n/a n/a 1.50 1.25 0.60 Annually Monthly 0.25 0.50 0.25 0.50 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2010 Portfolio 410 310 318 710 1561 1861 1361 1261 461 361 316 761 010 n/a n/a 1.75 1.60 0.65 Annually Monthly 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2015 Portfolio 415 315 314 715 2471 2571 2671 2771 471 2871 2371 771 015 n/a n/a 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2020 Portfolio 402 302 057 702 2861 2863 2865 2873 2867 2869 2872 2874 020 n/a n/a 1.90 1.75 0.75 Annually Monthly 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2025 Portfolio 425 325 067 725 n/a n/a n/a n/a n/a n/a n/a n/a 025 n/a n/a 1.90 1.75 0.75 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2030 Portfolio 430 330 338 730 n/a n/a n/a n/a n/a n/a n/a n/a 030 n/a n/a 1.95 1.80 0.80 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2035 Portfolio 435 336 334 735 n/a n/a n/a n/a n/a n/a n/a n/a 035 n/a n/a 1.95 1.80 0.80 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2040 Portfolio 440 340 324 740 n/a n/a n/a n/a n/a n/a n/a n/a 040 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2045 Portfolio 445 345 043 745 n/a n/a n/a n/a n/a n/a n/a n/a 045 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2050 Portfolio 2540 2541 2542 2543 n/a n/a n/a n/a n/a n/a n/a n/a 2544 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf, B. Sumsion since 7/14; B. Crocco since 2/19
Fidelity ClearPath® 2055 Portfolio 2546 2547 2548 2549 n/a n/a n/a n/a n/a n/a n/a n/a 2551 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf, B. Sumsion since 7/14; B. Crocco since 2/19
Fidelity ClearPath® 2060 Portfolio 6245 6246 6247 6248 n/a n/a n/a n/a n/a n/a n/a n/a 6254 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf, B. Sumsion since 5/18; B. Crocco since 2/19
FIDELITY MANAGED PORTFOLIOSFidelity Income Portfolio 2501 2801 2001 2201 2521 2821 2021 2221 2511 2811 2011 2211 2601 2621 2611 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Global Income Portfolio 2502 2802 2002 2202 2522 2822 2022 2222 2512 2812 2012 2212 2602 2622 2612 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Balanced Portfolio 2503 2803 2003 2203 2523 2823 2023 2223 2513 2813 2013 2213 2603 2623 2613 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Global Balanced Portfolio 2504 2804 2004 2204 2524 2824 2024 2224 2514 2814 2014 2214 2604 2624 2614 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Growth Portfolio 2505 2805 2005 2205 2525 2825 2025 2225 2515 2815 2015 2215 2605 2625 2615 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Global Growth Portfolio 2506 2806 2006 2206 2526 2826 2026 2226 2516 2816 2016 2216 2606 2626 2616 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15FIDELITY MANAGED RISK PORTFOLIOSFidelity Balanced Managed Risk Portfolio 5190 5254 5257 5260 5252 5255 5258 5261 5253 5256 5259 5262 5263 5264 5265 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Balanced Managed Risk Portfolio US$ 5271 5274 5277 5280 5272 5275 5278 5281 5273 5276 5279 5282 5283 5284 5285 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Conservative Managed Risk Portfolio 5290 5293 5296 5299 5291 5294 5297 5300 5292 5295 5298 5301 5302 5303 5304 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Conservative Managed Risk Portfolio US$ 5310 5313 5316 5319 5311 5314 5317 5320 5312 5315 5318 5321 5322 5323 5324 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES C SERIES C SERIES C SERIES D SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES SERIES A/C/T5 B/D/S5 SERIES SERIES A/C/T5 A/C/T5 A/C/T5 B/D/S5 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 DSC/LL/LL2 ISC F/F5 SERIES A/B/C/D T5/S5/F5 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
FIXED-INCOME FUNDSCANADIAN
Fidelity Canadian Bond Fund 533 833 033 233 n/a n/a n/a n/a n/a n/a n/a n/a 633 n/a 1.25 1.00 0.50 Monthly n/a 0.25 0.50 0.25 0.50 C. Martin since 7/12, S. Tella since 4/15
Fidelity Canadian Short Term Bond Fund 585 385 085 285 n/a n/a n/a n/a n/a n/a n/a n/a 685 n/a 1.25 1.00 0.50 Monthly n/a 0.25 0.50 0.25 0.50 C. Martin since 7/12, S. Tella since 4/15
Fidelity Canadian Money Market Fund* 535 835 829 229 499 399 396 799 n/a n/a n/a n/a 635 n/a 0.95 0.70 0.45 Monthly n/a 0.25 0.25 0.25 0.25 M. Widrig since 9/08
Fidelity Corporate Bond Fund 1631 1632 1633 1634 n/a n/a n/a n/a n/a n/a n/a n/a 1635 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 C. Martin since 7/12, S. Tella since 4/15
Fidelity Tactical Fixed Income Fund 901 902 903 797 n/a n/a n/a n/a n/a n/a n/a n/a 798 n/a 1.35 1.10 0.60 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 5/12, C. Martin since 7/12, S. Tella since 4/15
Fidelity Tactical Fixed Income Fund US$ 2840 2841 2842 2844 n/a n/a n/a n/a n/a n/a n/a n/a 2845 n/a 1.35 1.10 0.60 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, C. Martin since 11/14, S. Tella since 4/15
U.S.
Fidelity American High Yield Fund 555 855 055 255 n/a n/a n/a n/a n/a n/a n/a n/a 655 n/a 1.60 1.35 0.85 Monthly n/a 0.25 0.50 0.25 0.50 H. Lank since 8/07; A. Karam since 10/19
Fidelity American High Yield Fund US$ 456 346 056 756 n/a n/a n/a n/a n/a n/a n/a n/a 656 n/a 1.60 1.35 0.85 Monthly n/a 0.25 0.50 0.25 0.50 H. Lank since 8/07; A. Karam since 10/19
Fidelity American High Yield Currency Neutral Fund 1555 1855 1055 1255 n/a n/a n/a n/a n/a n/a n/a n/a 1655 n/a 1.60 1.35 0.85 Monthly n/a 0.25 0.50 0.25 0.50 H. Lank since 8/07; A. Karam since 10/19
Fidelity Floating Rate High Income Fund 2175 2176 2177 2187 n/a n/a n/a n/a n/a n/a n/a n/a 2188 n/a 1.55 1.30 0.80 Monthly n/a 0.25 0.50 0.25 0.50 E. Mollenhauer, K. Nielsen since 10/13
Fidelity Floating Rate High Income Fund US$ 2178 2179 2180 2190 n/a n/a n/a n/a n/a n/a n/a n/a 2191 n/a 1.55 1.30 0.80 Monthly n/a 0.25 0.50 0.25 0.50 E. Mollenhauer, K. Nielsen since 10/13
Fidelity Floating Rate High Income Currency Neutral Fund 2667 2669 2672 2673 n/a n/a n/a n/a n/a n/a n/a n/a 2674 n/a 1.55 1.30 0.80 Monthly n/a 0.25 0.50 0.25 0.50 E. Mollenhauer, K. Nielsen since 5/14
Fidelity U.S. Money Market Fund US$ 472 332 052 772 n/a n/a n/a n/a n/a n/a n/a n/a 6243 n/a 0.95 0.70 n/a Monthly n/a 0.25 0.25 0.25 0.25 M. Widrig since 9/08
GLOBAL
Fidelity Global Bond Fund 1525 1825 1025 1225 n/a n/a n/a n/a n/a n/a n/a n/a 1625 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 11/11; M. Foggin, A. Lewis since 12/17
Fidelity Global Bond Fund US$ 1526 1826 1026 1226 n/a n/a n/a n/a n/a n/a n/a n/a 1626 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 11/11; M. Foggin, A. Lewis since 12/17
Fidelity Global Bond Currency Neutral Fund 1527 1827 1027 1227 n/a n/a n/a n/a n/a n/a n/a n/a 1627 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 11/11; M. Foggin, A. Lewis since 12/17
Fidelity Investment Grade Total Bond Fund 6136 6137 6138 6139 n/a n/a n/a n/a n/a n/a n/a n/a 6140 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 1/18
Fidelity Investment Grade Total Bond Fund US$ 6152 6153 6154 6155 n/a n/a n/a n/a n/a n/a n/a n/a 6156 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 1/18
Fidelity Investment Grade Total Bond Currency Neutral Fund 6167 6168 6169 6170 n/a n/a n/a n/a n/a n/a n/a n/a 6171 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 1/18
Fidelity Multi-Sector Bond Fund 5721 5722 5723 5724 n/a n/a n/a n/a n/a n/a n/a n/a 5730 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 5/17
Fidelity Multi-Sector Bond Fund US$ 5737 5738 5739 5740 n/a n/a n/a n/a n/a n/a n/a n/a 5746 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 5/17
Fidelity Multi-Sector Bond Currency Neutral Fund 5752 5753 5754 5755 n/a n/a n/a n/a n/a n/a n/a n/a 5761 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 5/17
Fidelity Strategic Income Fund 2712 2713 2714 2715 n/a n/a n/a n/a n/a n/a n/a n/a 2716 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 F. O’Neil since 5/15; A. Kramer since 7/17
Fidelity Strategic Income Fund US$ 2718 2719 2720 2721 n/a n/a n/a n/a n/a n/a n/a n/a 2722 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 F. O’Neil since 5/15; A. Kramer since 7/17
Fidelity Strategic Income Currency Neutral Fund 3500 3502 3503 3504 n/a n/a n/a n/a n/a n/a n/a n/a 3505 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 F. O’Neil since 6/16; A. Kramer since 7/17
* Fidelity Canadian Money Market Fund (Series C and D) is available to advisors for single-ticket purchases into Fidelity ClearPlanTM Custom Fund Portfolios. Investments are automatically allocated to the advisors’ prescribed target fund mix when the signed ClearPlanTM instructions are received.
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FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
LIFECYCLE FUNDSFidelity ClearPath® Income Portfolio 444 333 307 777 1511 1811 1311 1211 411 311 378 711 111 n/a n/a 1.50 1.25 0.60 Quarterly Monthly 0.25 0.50 0.25 0.50 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2005 Portfolio 405 305 306 705 1551 1851 1351 1251 451 351 357 751 005 n/a n/a 1.50 1.25 0.60 Annually Monthly 0.25 0.50 0.25 0.50 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2010 Portfolio 410 310 318 710 1561 1861 1361 1261 461 361 316 761 010 n/a n/a 1.75 1.60 0.65 Annually Monthly 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2015 Portfolio 415 315 314 715 2471 2571 2671 2771 471 2871 2371 771 015 n/a n/a 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2020 Portfolio 402 302 057 702 2861 2863 2865 2873 2867 2869 2872 2874 020 n/a n/a 1.90 1.75 0.75 Annually Monthly 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2025 Portfolio 425 325 067 725 n/a n/a n/a n/a n/a n/a n/a n/a 025 n/a n/a 1.90 1.75 0.75 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2030 Portfolio 430 330 338 730 n/a n/a n/a n/a n/a n/a n/a n/a 030 n/a n/a 1.95 1.80 0.80 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2035 Portfolio 435 336 334 735 n/a n/a n/a n/a n/a n/a n/a n/a 035 n/a n/a 1.95 1.80 0.80 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2040 Portfolio 440 340 324 740 n/a n/a n/a n/a n/a n/a n/a n/a 040 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2045 Portfolio 445 345 043 745 n/a n/a n/a n/a n/a n/a n/a n/a 045 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf since 5/12; B. Sumsion since 1/14; B. Crocco since 2/19
Fidelity ClearPath® 2050 Portfolio 2540 2541 2542 2543 n/a n/a n/a n/a n/a n/a n/a n/a 2544 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf, B. Sumsion since 7/14; B. Crocco since 2/19
Fidelity ClearPath® 2055 Portfolio 2546 2547 2548 2549 n/a n/a n/a n/a n/a n/a n/a n/a 2551 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf, B. Sumsion since 7/14; B. Crocco since 2/19
Fidelity ClearPath® 2060 Portfolio 6245 6246 6247 6248 n/a n/a n/a n/a n/a n/a n/a n/a 6254 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Dierdorf, B. Sumsion since 5/18; B. Crocco since 2/19
FIDELITY MANAGED PORTFOLIOSFidelity Income Portfolio 2501 2801 2001 2201 2521 2821 2021 2221 2511 2811 2011 2211 2601 2621 2611 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Global Income Portfolio 2502 2802 2002 2202 2522 2822 2022 2222 2512 2812 2012 2212 2602 2622 2612 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Balanced Portfolio 2503 2803 2003 2203 2523 2823 2023 2223 2513 2813 2013 2213 2603 2623 2613 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Global Balanced Portfolio 2504 2804 2004 2204 2524 2824 2024 2224 2514 2814 2014 2214 2604 2624 2614 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Growth Portfolio 2505 2805 2005 2205 2525 2825 2025 2225 2515 2815 2015 2215 2605 2625 2615 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15
Fidelity Global Growth Portfolio 2506 2806 2006 2206 2526 2826 2026 2226 2516 2816 2016 2216 2606 2626 2616 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein since 5/12; D. Wolf since 3/15FIDELITY MANAGED RISK PORTFOLIOSFidelity Balanced Managed Risk Portfolio 5190 5254 5257 5260 5252 5255 5258 5261 5253 5256 5259 5262 5263 5264 5265 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Balanced Managed Risk Portfolio US$ 5271 5274 5277 5280 5272 5275 5278 5281 5273 5276 5279 5282 5283 5284 5285 1.95 1.80 0.80 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Conservative Managed Risk Portfolio 5290 5293 5296 5299 5291 5294 5297 5300 5292 5295 5298 5301 5302 5303 5304 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
Fidelity Conservative Managed Risk Portfolio US$ 5310 5313 5316 5319 5311 5314 5317 5320 5312 5315 5318 5321 5322 5323 5324 1.85 1.70 0.70 Quarterly Monthly 0.50 1.00 0.50 1.00 D. Wolf since 11/16; G. Stein since 7/17; D. Tulk since 10/18
FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES C SERIES C SERIES C SERIES D SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES SERIES A/C/T5 B/D/S5 SERIES SERIES A/C/T5 A/C/T5 A/C/T5 B/D/S5 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 DSC/LL/LL2 ISC F/F5 SERIES A/B/C/D T5/S5/F5 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
FIXED-INCOME FUNDSCANADIAN
Fidelity Canadian Bond Fund 533 833 033 233 n/a n/a n/a n/a n/a n/a n/a n/a 633 n/a 1.25 1.00 0.50 Monthly n/a 0.25 0.50 0.25 0.50 C. Martin since 7/12, S. Tella since 4/15
Fidelity Canadian Short Term Bond Fund 585 385 085 285 n/a n/a n/a n/a n/a n/a n/a n/a 685 n/a 1.25 1.00 0.50 Monthly n/a 0.25 0.50 0.25 0.50 C. Martin since 7/12, S. Tella since 4/15
Fidelity Canadian Money Market Fund* 535 835 829 229 499 399 396 799 n/a n/a n/a n/a 635 n/a 0.95 0.70 0.45 Monthly n/a 0.25 0.25 0.25 0.25 M. Widrig since 9/08
Fidelity Corporate Bond Fund 1631 1632 1633 1634 n/a n/a n/a n/a n/a n/a n/a n/a 1635 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 C. Martin since 7/12, S. Tella since 4/15
Fidelity Tactical Fixed Income Fund 901 902 903 797 n/a n/a n/a n/a n/a n/a n/a n/a 798 n/a 1.35 1.10 0.60 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 5/12, C. Martin since 7/12, S. Tella since 4/15
Fidelity Tactical Fixed Income Fund US$ 2840 2841 2842 2844 n/a n/a n/a n/a n/a n/a n/a n/a 2845 n/a 1.35 1.10 0.60 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, C. Martin since 11/14, S. Tella since 4/15
U.S.
Fidelity American High Yield Fund 555 855 055 255 n/a n/a n/a n/a n/a n/a n/a n/a 655 n/a 1.60 1.35 0.85 Monthly n/a 0.25 0.50 0.25 0.50 H. Lank since 8/07; A. Karam since 10/19
Fidelity American High Yield Fund US$ 456 346 056 756 n/a n/a n/a n/a n/a n/a n/a n/a 656 n/a 1.60 1.35 0.85 Monthly n/a 0.25 0.50 0.25 0.50 H. Lank since 8/07; A. Karam since 10/19
Fidelity American High Yield Currency Neutral Fund 1555 1855 1055 1255 n/a n/a n/a n/a n/a n/a n/a n/a 1655 n/a 1.60 1.35 0.85 Monthly n/a 0.25 0.50 0.25 0.50 H. Lank since 8/07; A. Karam since 10/19
Fidelity Floating Rate High Income Fund 2175 2176 2177 2187 n/a n/a n/a n/a n/a n/a n/a n/a 2188 n/a 1.55 1.30 0.80 Monthly n/a 0.25 0.50 0.25 0.50 E. Mollenhauer, K. Nielsen since 10/13
Fidelity Floating Rate High Income Fund US$ 2178 2179 2180 2190 n/a n/a n/a n/a n/a n/a n/a n/a 2191 n/a 1.55 1.30 0.80 Monthly n/a 0.25 0.50 0.25 0.50 E. Mollenhauer, K. Nielsen since 10/13
Fidelity Floating Rate High Income Currency Neutral Fund 2667 2669 2672 2673 n/a n/a n/a n/a n/a n/a n/a n/a 2674 n/a 1.55 1.30 0.80 Monthly n/a 0.25 0.50 0.25 0.50 E. Mollenhauer, K. Nielsen since 5/14
Fidelity U.S. Money Market Fund US$ 472 332 052 772 n/a n/a n/a n/a n/a n/a n/a n/a 6243 n/a 0.95 0.70 n/a Monthly n/a 0.25 0.25 0.25 0.25 M. Widrig since 9/08
GLOBAL
Fidelity Global Bond Fund 1525 1825 1025 1225 n/a n/a n/a n/a n/a n/a n/a n/a 1625 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 11/11; M. Foggin, A. Lewis since 12/17
Fidelity Global Bond Fund US$ 1526 1826 1026 1226 n/a n/a n/a n/a n/a n/a n/a n/a 1626 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 11/11; M. Foggin, A. Lewis since 12/17
Fidelity Global Bond Currency Neutral Fund 1527 1827 1027 1227 n/a n/a n/a n/a n/a n/a n/a n/a 1627 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore since 11/11; M. Foggin, A. Lewis since 12/17
Fidelity Investment Grade Total Bond Fund 6136 6137 6138 6139 n/a n/a n/a n/a n/a n/a n/a n/a 6140 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 1/18
Fidelity Investment Grade Total Bond Fund US$ 6152 6153 6154 6155 n/a n/a n/a n/a n/a n/a n/a n/a 6156 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 1/18
Fidelity Investment Grade Total Bond Currency Neutral Fund 6167 6168 6169 6170 n/a n/a n/a n/a n/a n/a n/a n/a 6171 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 1/18
Fidelity Multi-Sector Bond Fund 5721 5722 5723 5724 n/a n/a n/a n/a n/a n/a n/a n/a 5730 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 5/17
Fidelity Multi-Sector Bond Fund US$ 5737 5738 5739 5740 n/a n/a n/a n/a n/a n/a n/a n/a 5746 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 5/17
Fidelity Multi-Sector Bond Currency Neutral Fund 5752 5753 5754 5755 n/a n/a n/a n/a n/a n/a n/a n/a 5761 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 J. Moore, M. Plage since 5/17
Fidelity Strategic Income Fund 2712 2713 2714 2715 n/a n/a n/a n/a n/a n/a n/a n/a 2716 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 F. O’Neil since 5/15; A. Kramer since 7/17
Fidelity Strategic Income Fund US$ 2718 2719 2720 2721 n/a n/a n/a n/a n/a n/a n/a n/a 2722 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 F. O’Neil since 5/15; A. Kramer since 7/17
Fidelity Strategic Income Currency Neutral Fund 3500 3502 3503 3504 n/a n/a n/a n/a n/a n/a n/a n/a 3505 n/a 1.45 1.20 0.70 Monthly n/a 0.25 0.50 0.25 0.50 F. O’Neil since 6/16; A. Kramer since 7/17
FIDELITY FUND FACTS
For advisor use only.123 n MarketPulse
At-a-glance, continued FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
CORPORATE CLASSCANADIAN EQUITYFidelity Canadian Disciplined Equity® Class 596 896 096 296 3566 3866 3066 3266 3596 3896 3096 3296 696 1844 1845 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 A. Marchese
Fidelity Canadian Disciplined Equity® Class US$ 1597 1897 1097 1297 n/a n/a n/a n/a n/a n/a n/a n/a 1697 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Marchese
Fidelity Canadian Growth Company Class 554 854 054 254 5342 5345 5453 5340 5343 5456 5466 5341 654 5235 5236 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Canadian Large Cap Class 465 466 467 468 475 477 478 473 480 481 482 474 469 1754 1755 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Dupont
Fidelity Canadian Large Cap Class US$ 483 484 485 486 491 493 494 488 495 496 497 490 487 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Dupont
Fidelity Canadian Opportunities Class 576 366 066 276 1689 1686 1687 1693 1690 1691 1692 1694 647 1695 1696 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée
Fidelity Dividend Class 1520 1820 1020 1220 3560 3860 3060 3260 3520 3820 3020 3220 1620 1762 1763 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Newman, C. Martin, S. Tella
Fidelity Dividend Plus Class 1423 1424 1425 1432 1426 1427 1428 1433 1429 1430 1431 1434 1435 1436 1437 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 D. Newman
Fidelity Dividend Plus Class US$ 1473 1474 1475 1482 1476 1477 1478 1483 1479 1480 1481 1484 1485 1486 1487 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 D. Newman
Fidelity Greater Canada Class 1576 1876 1076 1276 3567 3867 3067 3267 3556 3856 3056 3256 1676 1770 1773 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée
Fidelity Special Situations Class 1588 1888 1088 1288 1730 1731 1732 1736 1733 1734 1735 1737 1688 1738 1739 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Special Situations Class US$ 2589 2889 2089 2289 n/a n/a n/a n/a n/a n/a n/a n/a 2689 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity True North® Class 586 386 086 286 3576 3876 3076 3276 3586 3886 3086 3286 686 1776 1777 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Lemieux
U.S. EQUITYFidelity American Disciplined Equity® Class 572 872 072 272 3582 3882 3082 3282 3572 3872 3072 3272 672 1780 1781 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity American Disciplined Equity® Class US$ 1573 1873 1073 1273 n/a n/a n/a n/a n/a n/a n/a n/a 1673 1964 1965 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity American Disciplined Equity® Currency Neutral Class 1069 1169 1269 1369 2069 2169 2269 1569 1669 1769 1869 1469 1969 1782 1783 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity American Equity Class 2300 2303 2307 2312 2301 2304 2308 2313 2302 2306 2309 2314 2316 2317 2318 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity American Equity Class US$ 2319 2323 2327 2331 2321 2324 2328 2332 2322 2326 2329 2333 2334 2336 2337 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity American Equity Currency Neutral Class 2620 2630 2634 2637 2628 2632 2635 2638 2629 2633 2636 2639 2640 2641 2642 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity Event Driven Opportunities Class* 2740 2741 2742 2749 2743 2744 2745 2750 2746 2747 2748 2751 2752 2753 2754 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast
Fidelity Event Driven Opportunities Class US$* 2755 2756 2757 2764 2758 2759 2760 2765 2761 2762 2763 2766 2767 2768 2769 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast
Fidelity Event Driven Opportunities Currency Neutral Class* 6076 6077 6078 6085 6079 6080 6081 6086 6082 6083 6084 6087 6092 6093 6094 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast
Fidelity Small Cap America Class 574 874 074 274 1710 1711 1712 1716 1713 1714 1715 1717 674 1718 1719 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity Small Cap America Class US$ 1934 1935 1936 1937 1951 1952 1953 1958 1954 1956 1957 1959 1938 1960 1961 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity Small Cap America Currency Neutral Class 2643 2646 2649 2655 2644 2647 2651 2657 2645 2648 2653 2659 2661 2663 2665 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity U.S. All Cap Class 1586 1587 1590 1600 1591 1592 1593 1611 1594 1595 1596 1612 1613 1614 1616 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth
Fidelity U.S. All Cap Class US$ 1618 1619 1621 1645 1624 1629 1637 1648 1639 1643 1644 1649 1650 1651 1652 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth
Fidelity U.S. All Cap Currency Neutral Class 2579 2588 2599 2608 2580 2597 2600 2609 2587 2598 2607 2610 2617 2618 2619 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth
Fidelity U.S. Focused Stock Class 584 384 084 284 3594 3894 3094 3294 3584 3884 3084 3284 684 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour
Fidelity U.S. Focused Stock Currency Neutral Class 2555 2561 2567 2573 2557 2563 2569 2574 2559 2565 2572 2575 2576 2577 2578 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour
NORTH AMERICAN EQUITYFidelity CanAm Opportunities Class 6548 6549 6550 6557 6551 6552 6553 6558 6554 6555 6556 6559 6560 6561 6562 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl, S. MacMillan
Fidelity CanAm Opportunities Class US$ 6564 6565 6566 6573 6567 6568 6569 6574 6570 6571 6572 6575 6576 6577 6578 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl, S. MacMillan
Fidelity CanAm Opportunities Currency Neutral Class 6580 6581 6582 6589 6583 6584 6585 6590 6586 6587 6588 6591 6592 6593 6594 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl, S. MacMillan
Fidelity North American Equity Class 3469 3470 3471 3478 3472 3473 3474 3479 3475 3476 3477 3480 3481 3482 3483 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Lekkerkerker
Fidelity North American Equity Class US$ 3484 3485 3486 3493 3487 3488 3489 3494 3490 3491 3492 3495 3496 3497 3498 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Lekkerkerker
GLOBAL & INTERNATIONAL EQUITYFidelity AsiaStar® Class 1515 1815 1015 1215 n/a n/a n/a n/a n/a n/a n/a n/a 1615 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb
Fidelity China Class 1517 1817 1017 1217 1905 1907 1909 1913 1910 1911 1912 1914 1617 1915 1916 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Ning
Fidelity Emerging Markets Class 1575 1875 1075 1275 n/a n/a n/a n/a n/a n/a n/a n/a 1675 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak
Fidelity Emerging Markets Class US$ 4575 4875 4075 4275 n/a n/a n/a n/a n/a n/a n/a n/a 4675 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak
Fidelity Europe Class 598 898 098 298 n/a n/a n/a n/a n/a n/a n/a n/a 698 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Siddle, H. Powell
Fidelity Far East Class 516 816 016 216 1874 1877 1878 1883 1880 1881 1882 1884 616 1885 1886 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 B. MacDonald
Fidelity Founders™ Class 6263 6264 6265 6272 6266 6267 6268 6273 6269 6270 6271 6274 6283 6284 6285 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Kelley
Fidelity Founders™ Class US$ 6294 6295 6296 6303 6297 6298 6299 6304 6300 6301 6302 6305 6314 6315 6316 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Kelley
Fidelity Founders™ Currency Neutral Class 6325 6326 6327 6334 6328 6329 6330 6335 6331 6332 6333 6336 6345 6346 6347 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Kelley
Fidelity Global Class 578 878 078 278 3588 3888 3088 3288 3578 3878 3078 3278 678 5237 5238 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Podger
Fidelity Global Concentrated Equity Class 2242 2245 2248 2253 2243 2246 2249 2255 2244 2247 2251 2257 2259 2261 2263 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion
Fidelity Global Concentrated Equity Class US$ 2265 2274 2277 2280 2267 2275 2278 2287 2273 2276 2279 2288 2297 2298 2299 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion
Fidelity Global Disciplined Equity® Class 501 801 001 201 3101 3501 3351 3261 3551 3801 3001 3201 639 5239 5240 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Disciplined Equity® Class US$ 1538 1838 1038 1301 n/a n/a n/a n/a n/a n/a n/a n/a 1638 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Disciplined Equity® Currency Neutral Class 1072 1172 1272 1372 2072 2172 2272 1572 1672 1772 1872 1472 1972 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Dividend Class 1542 1842 1042 1242 3552 3852 3052 3252 3542 3842 3042 3242 1642 1786 1787 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Buller, R. Persaud, J. Moore, M. Foggin, A. Lewis
Fidelity Global Growth and Value Class 3312 3313 3991 3998 3992 3993 3994 3999 3995 3996 3997 4000 4001 4002 4003 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff, J. Tillinghast
Fidelity Global Growth and Value Class US$ 4020 4021 4022 4029 4023 4024 4025 4030 4026 4027 4028 4031 4032 4033 4034 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff, J. Tillinghast
Fidelity Global Growth and Value Currency Neutral Class 4051 4052 4053 4060 4054 4055 4056 4061 4057 4058 4059 4062 4063 4064 4065 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff, J. Tillinghast
*As of March 30, 2020, the Class will be closed to new investors. The Class will remain available to existing investors including those with systematic purchase and exchange programs in connection with the Class.
For advisor use only. MarketPulse n 124
FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
CORPORATE CLASSCANADIAN EQUITYFidelity Canadian Disciplined Equity® Class 596 896 096 296 3566 3866 3066 3266 3596 3896 3096 3296 696 1844 1845 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 A. Marchese
Fidelity Canadian Disciplined Equity® Class US$ 1597 1897 1097 1297 n/a n/a n/a n/a n/a n/a n/a n/a 1697 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Marchese
Fidelity Canadian Growth Company Class 554 854 054 254 5342 5345 5453 5340 5343 5456 5466 5341 654 5235 5236 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Canadian Large Cap Class 465 466 467 468 475 477 478 473 480 481 482 474 469 1754 1755 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Dupont
Fidelity Canadian Large Cap Class US$ 483 484 485 486 491 493 494 488 495 496 497 490 487 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Dupont
Fidelity Canadian Opportunities Class 576 366 066 276 1689 1686 1687 1693 1690 1691 1692 1694 647 1695 1696 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée
Fidelity Dividend Class 1520 1820 1020 1220 3560 3860 3060 3260 3520 3820 3020 3220 1620 1762 1763 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Newman, C. Martin, S. Tella
Fidelity Dividend Plus Class 1423 1424 1425 1432 1426 1427 1428 1433 1429 1430 1431 1434 1435 1436 1437 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 D. Newman
Fidelity Dividend Plus Class US$ 1473 1474 1475 1482 1476 1477 1478 1483 1479 1480 1481 1484 1485 1486 1487 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 D. Newman
Fidelity Greater Canada Class 1576 1876 1076 1276 3567 3867 3067 3267 3556 3856 3056 3256 1676 1770 1773 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 H. Lavallée
Fidelity Special Situations Class 1588 1888 1088 1288 1730 1731 1732 1736 1733 1734 1735 1737 1688 1738 1739 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Special Situations Class US$ 2589 2889 2089 2289 n/a n/a n/a n/a n/a n/a n/a n/a 2689 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity True North® Class 586 386 086 286 3576 3876 3076 3276 3586 3886 3086 3286 686 1776 1777 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Lemieux
U.S. EQUITYFidelity American Disciplined Equity® Class 572 872 072 272 3582 3882 3082 3282 3572 3872 3072 3272 672 1780 1781 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity American Disciplined Equity® Class US$ 1573 1873 1073 1273 n/a n/a n/a n/a n/a n/a n/a n/a 1673 1964 1965 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity American Disciplined Equity® Currency Neutral Class 1069 1169 1269 1369 2069 2169 2269 1569 1669 1769 1869 1469 1969 1782 1783 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity American Equity Class 2300 2303 2307 2312 2301 2304 2308 2313 2302 2306 2309 2314 2316 2317 2318 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity American Equity Class US$ 2319 2323 2327 2331 2321 2324 2328 2332 2322 2326 2329 2333 2334 2336 2337 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity American Equity Currency Neutral Class 2620 2630 2634 2637 2628 2632 2635 2638 2629 2633 2636 2639 2640 2641 2642 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity Event Driven Opportunities Class* 2740 2741 2742 2749 2743 2744 2745 2750 2746 2747 2748 2751 2752 2753 2754 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast
Fidelity Event Driven Opportunities Class US$* 2755 2756 2757 2764 2758 2759 2760 2765 2761 2762 2763 2766 2767 2768 2769 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast
Fidelity Event Driven Opportunities Currency Neutral Class* 6076 6077 6078 6085 6079 6080 6081 6086 6082 6083 6084 6087 6092 6093 6094 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast
Fidelity Small Cap America Class 574 874 074 274 1710 1711 1712 1716 1713 1714 1715 1717 674 1718 1719 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity Small Cap America Class US$ 1934 1935 1936 1937 1951 1952 1953 1958 1954 1956 1957 1959 1938 1960 1961 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity Small Cap America Currency Neutral Class 2643 2646 2649 2655 2644 2647 2651 2657 2645 2648 2653 2659 2661 2663 2665 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. MacMillan
Fidelity U.S. All Cap Class 1586 1587 1590 1600 1591 1592 1593 1611 1594 1595 1596 1612 1613 1614 1616 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth
Fidelity U.S. All Cap Class US$ 1618 1619 1621 1645 1624 1629 1637 1648 1639 1643 1644 1649 1650 1651 1652 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth
Fidelity U.S. All Cap Currency Neutral Class 2579 2588 2599 2608 2580 2597 2600 2609 2587 2598 2607 2610 2617 2618 2619 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Roth
Fidelity U.S. Focused Stock Class 584 384 084 284 3594 3894 3094 3294 3584 3884 3084 3284 684 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour
Fidelity U.S. Focused Stock Currency Neutral Class 2555 2561 2567 2573 2557 2563 2569 2574 2559 2565 2572 2575 2576 2577 2578 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. DuFour
NORTH AMERICAN EQUITYFidelity CanAm Opportunities Class 6548 6549 6550 6557 6551 6552 6553 6558 6554 6555 6556 6559 6560 6561 6562 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl, S. MacMillan
Fidelity CanAm Opportunities Class US$ 6564 6565 6566 6573 6567 6568 6569 6574 6570 6571 6572 6575 6576 6577 6578 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl, S. MacMillan
Fidelity CanAm Opportunities Currency Neutral Class 6580 6581 6582 6589 6583 6584 6585 6590 6586 6587 6588 6591 6592 6593 6594 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl, S. MacMillan
Fidelity North American Equity Class 3469 3470 3471 3478 3472 3473 3474 3479 3475 3476 3477 3480 3481 3482 3483 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Lekkerkerker
Fidelity North American Equity Class US$ 3484 3485 3486 3493 3487 3488 3489 3494 3490 3491 3492 3495 3496 3497 3498 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Lekkerkerker
GLOBAL & INTERNATIONAL EQUITYFidelity AsiaStar® Class 1515 1815 1015 1215 n/a n/a n/a n/a n/a n/a n/a n/a 1615 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb
Fidelity China Class 1517 1817 1017 1217 1905 1907 1909 1913 1910 1911 1912 1914 1617 1915 1916 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Ning
Fidelity Emerging Markets Class 1575 1875 1075 1275 n/a n/a n/a n/a n/a n/a n/a n/a 1675 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak
Fidelity Emerging Markets Class US$ 4575 4875 4075 4275 n/a n/a n/a n/a n/a n/a n/a n/a 4675 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Polyak
Fidelity Europe Class 598 898 098 298 n/a n/a n/a n/a n/a n/a n/a n/a 698 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 M. Siddle, H. Powell
Fidelity Far East Class 516 816 016 216 1874 1877 1878 1883 1880 1881 1882 1884 616 1885 1886 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 B. MacDonald
Fidelity Founders™ Class 6263 6264 6265 6272 6266 6267 6268 6273 6269 6270 6271 6274 6283 6284 6285 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Kelley
Fidelity Founders™ Class US$ 6294 6295 6296 6303 6297 6298 6299 6304 6300 6301 6302 6305 6314 6315 6316 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Kelley
Fidelity Founders™ Currency Neutral Class 6325 6326 6327 6334 6328 6329 6330 6335 6331 6332 6333 6336 6345 6346 6347 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 D. Kelley
Fidelity Global Class 578 878 078 278 3588 3888 3088 3288 3578 3878 3078 3278 678 5237 5238 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Podger
Fidelity Global Concentrated Equity Class 2242 2245 2248 2253 2243 2246 2249 2255 2244 2247 2251 2257 2259 2261 2263 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion
Fidelity Global Concentrated Equity Class US$ 2265 2274 2277 2280 2267 2275 2278 2287 2273 2276 2279 2288 2297 2298 2299 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 P. Quirion
Fidelity Global Disciplined Equity® Class 501 801 001 201 3101 3501 3351 3261 3551 3801 3001 3201 639 5239 5240 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Disciplined Equity® Class US$ 1538 1838 1038 1301 n/a n/a n/a n/a n/a n/a n/a n/a 1638 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Disciplined Equity® Currency Neutral Class 1072 1172 1272 1372 2072 2172 2272 1572 1672 1772 1872 1472 1972 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Dividend Class 1542 1842 1042 1242 3552 3852 3052 3252 3542 3842 3042 3242 1642 1786 1787 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, S. Buller, R. Persaud, J. Moore, M. Foggin, A. Lewis
Fidelity Global Growth and Value Class 3312 3313 3991 3998 3992 3993 3994 3999 3995 3996 3997 4000 4001 4002 4003 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff, J. Tillinghast
Fidelity Global Growth and Value Class US$ 4020 4021 4022 4029 4023 4024 4025 4030 4026 4027 4028 4031 4032 4033 4034 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff, J. Tillinghast
Fidelity Global Growth and Value Currency Neutral Class 4051 4052 4053 4060 4054 4055 4056 4061 4057 4058 4059 4062 4063 4064 4065 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff, J. Tillinghast
FIDELITY FUND FACTS
For advisor use only.125 n MarketPulse
At-a-glance, continued FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
CORPORATE CLASS – continued
Fidelity Global Innovators® Class 5964 5965 5966 5973 5967 5968 5969 5974 5970 5971 5972 5975 5982 5983 5984 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Global Innovators® Class US$ 6108 6109 6110 6117 6111 6112 6113 6118 6114 6115 6116 6119 6126 6127 6128 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Global Innovators® Currency Neutral Class 5991 5992 5993 6000 5994 5995 5996 6001 5997 5998 5999 6002 6009 6010 6011 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Global Intrinsic Value Class 2919 2920 2921 2928 2922 2923 2924 2929 2925 2926 2927 2930 2931 2932 2933 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, S. Hart
Fidelity Global Intrinsic Value Class US$ 2934 2935 2936 2943 2937 2938 2939 2944 2940 2941 2942 2945 2946 2947 2948 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, S. Hart
Fidelity Global Intrinsic Value Currency Neutral Class 4123 4124 4125 4132 4126 4127 4128 4133 4129 4130 4131 4134 4135 4136 4137 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, S. Hart
Fidelity Global Large Cap Class 1085 1086 1087 1089 1093 1094 1095 1091 1135 1136 1137 1092 1090 5241 5242 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Large Cap Class US$ 1143 1144 1145 1148 n/a n/a n/a n/a n/a n/a n/a n/a 1149 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Large Cap Currency Neutral Class 1173 1174 1175 1151 1180 1181 1182 1154 1183 1184 1185 1161 1153 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Small Cap Class 1237 1238 1239 1233 n/a n/a n/a n/a n/a n/a n/a n/a 1200 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei
Fidelity Global Small Cap Class US$ 1243 1244 1245 1248 n/a n/a n/a n/a n/a n/a n/a n/a 1249 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei
Fidelity Insights Class 5482 5483 5484 5491 5485 5486 5487 5492 5488 5489 5490 5493 5494 5495 5496 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff
Fidelity Insights Class US$ 5501 5502 5503 5510 5504 5505 5506 5511 5507 5508 5509 5512 5513 5514 5515 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff
Fidelity Insights Currency Neutral Class 5520 5521 5522 5529 5523 5524 5525 5530 5526 5527 5528 5531 5532 5533 5534 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff
Fidelity International Disciplined Equity® Class 1563 1863 1063 1263 3573 3873 3073 3273 3563 3863 3063 3263 1663 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity International Disciplined Equity® Class US$ 1564 1864 1064 1264 n/a n/a n/a n/a n/a n/a n/a n/a 1664 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett
Fidelity International Disciplined Equity® Currency Neutral Class 1071 1171 1271 1371 2071 2171 2271 1571 1671 1771 1871 1471 1971 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity International Growth Class 2192 2195 2198 2207 2193 2196 2199 2208 2194 2197 2200 2209 2210 2217 2218 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss
Fidelity International Growth Class US$ 2219 2229 2233 2236 2220 2230 2234 2237 2228 2232 2235 2238 2239 2240 2241 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss
Fidelity Japan Class 514 814 014 214 n/a n/a n/a n/a n/a n/a n/a n/a 614 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb
Fidelity NorthStar® Class 510 810 301 210 3550 3850 3050 3250 3510 3810 3010 3210 610 1790 1791 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, D. Dupont, K. Weaver
Fidelity NorthStar® Class US$ 1570 1870 1070 1270 3571 3871 3071 3281 3570 3870 3070 3271 1670 1968 1970 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, D. Dupont, K. Weaver
Fidelity NorthStar® Currency Neutral Class 1280 1281 1282 1283 1290 1291 1292 1285 1293 1294 1295 1286 1284 1792 1793 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, D. Dupont, K. Weaver
EQUITY SECTOR
Fidelity Global Consumer Industries Class 505 805 303 205 n/a n/a n/a n/a n/a n/a n/a n/a 605 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Wynimko
Fidelity Global Financial Services Class 518 818 018 218 n/a n/a n/a n/a n/a n/a n/a n/a 618 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Boutsis
Fidelity Global Health Care Class 544 844 044 244 n/a n/a n/a n/a n/a n/a n/a n/a 644 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Gold, A. Lodha, J. Finegold
Fidelity Global Natural Resources Class 580 380 080 280 n/a n/a n/a n/a n/a n/a n/a n/a 680 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Overdevest, D. Lekkerkerker
Fidelity Global Real Estate Class 1528 1828 1028 1228 3538 3838 3038 3238 3528 3828 3028 3228 1628 1797 1798 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. Buller
Fidelity Global Telecommunications Class3 541 841 041 241 n/a n/a n/a n/a n/a n/a n/a n/a 641 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Shivram
Fidelity Technology Innovators Class* 590 890 090 290 n/a n/a n/a n/a n/a n/a n/a n/a 690 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Sohn
ASSET ALLOCATION & BALANCED
Fidelity Canadian Asset Allocation Class 1530 1830 1030 1230 3540 3840 3040 3240 3530 3830 3030 3230 1630 3640 3630 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Canadian Asset Allocation Class US$ 2531 2831 2031 2231 3590 3890 3390 3290 2590 2890 2390 2290 2631 3790 3690 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Canadian Balanced Class 526 826 026 226 3546 3846 3046 3246 3536 3836 3036 3236 626 3646 3636 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Lekkerkerker, C. Martin, S. Tella, H. Lank
Fidelity Canadian Balanced Class US$ 2527 2827 2027 2227 3547 3847 3047 3247 3537 3837 3037 3237 2627 3647 3637 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Lekkerkerker, C. Martin, S. Tella, H. Lank
Fidelity Monthly Income Class 412 413 414 416 420 423 424 418 431 432 433 419 417 434 436 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Monthly Income Class US$ 441 442 443 446 450 453 454 448 455 457 458 449 447 460 463 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
FIXED-INCOME
Fidelity Corporate Bond Class1 1441 1442 1443 1444 1448 1449 1450 1447 n/a n/a n/a n/a 1445 1446 n/a 1.45 1.20 0.70 Annually Monthly 0.25 0.50 0.25 0.50 C. Martin, S. Tella
Fidelity Canadian Short Term Income Class2 546 846 046 246 n/a n/a n/a n/a n/a n/a n/a n/a 646 n/a n/a 0.95 0.70 0.45 Annually n/a 0.25 0.25 0.25 0.25 M. Widrig
FIDELITY MANAGED PORTFOLIOS
Fidelity Income Class Portfolio 2581 2881 2081 2281 3521 3821 3021 3221 3511 3811 3011 3211 2681 3621 3611 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Income Class Portfolio US$ 2591 2891 2091 2291 3541 3841 3041 3241 3544 3844 3044 3244 2691 3641 3644 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Income Class Portfolio 2582 2882 2082 2282 3522 3822 3022 3222 3512 3812 3012 3212 2682 3622 3612 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Income Class Portfolio US$ 2592 2892 2092 2292 3548 3848 3048 3248 3531 3831 3031 3231 2692 3648 3631 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Balanced Class Portfolio 2583 2883 2083 2283 3523 3823 3023 3223 3513 3813 3013 3213 2683 3623 3613 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Balanced Class Portfolio US$ 2593 2893 2093 2293 3543 2843 3043 3243 3533 3833 3033 3233 2693 3643 3633 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Balanced Class Portfolio 2584 2884 2084 2284 3524 3824 3024 3224 3514 3814 3014 3214 2684 3624 3614 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Balanced Class Portfolio US$ 2594 2894 2094 2294 3554 3854 3054 3254 3534 3834 3034 3234 2694 3654 3634 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Growth Class Portfolio 2585 2885 2085 2285 3525 3825 3025 3225 3515 3815 3015 3215 2685 3625 3615 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Growth Class Portfolio US$ 2595 2895 2095 2295 3545 3845 3045 3245 3535 3835 3035 3235 2695 3645 3635 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Growth Class Portfolio 2586 2886 2086 2286 3526 3826 3026 3226 3516 3816 3016 3216 2686 3626 3616 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Growth Class Portfolio US$ 2596 2896 2096 2296 3549 3849 3049 3249 3539 3839 3039 3239 2696 3649 3639 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
*On November 1, 2017, Fidelity Global Technology Class was renamed Fidelity Technology Innovators Class. n 1 Fidelity Corporate Bond Class is closed to purchases and switches. n 2 Fidelity Canadian Short Term Income Class is closed to purchases and switches. n 3 Fidelity Global Telecommunications Class is closed to purchases by investors. This Fund is also closed to switches for registered plans, except for existing systematic transactions.
For advisor use only. MarketPulse n 126
FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)
TAX EFFICIENT SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES A SERIES A SERIES A SERIES B SERIES T5 SERIES T5 SERIES T5 SERIES S5 SERIES T8 SERIES T8 SERIES T8 SERIES S8 SERIES SERIES SERIES A/T5/T8 B/S5/S8 SERIES T5/T8/S5/S8/ A/T5/T8 A/T5/T8 A/T5/T8 B/S5/S8 FUND NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S)
CORPORATE CLASS – continued
Fidelity Global Innovators® Class 5964 5965 5966 5973 5967 5968 5969 5974 5970 5971 5972 5975 5982 5983 5984 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Global Innovators® Class US$ 6108 6109 6110 6117 6111 6112 6113 6118 6114 6115 6116 6119 6126 6127 6128 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Global Innovators® Currency Neutral Class 5991 5992 5993 6000 5994 5995 5996 6001 5997 5998 5999 6002 6009 6010 6011 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 M. Schmehl
Fidelity Global Intrinsic Value Class 2919 2920 2921 2928 2922 2923 2924 2929 2925 2926 2927 2930 2931 2932 2933 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, S. Hart
Fidelity Global Intrinsic Value Class US$ 2934 2935 2936 2943 2937 2938 2939 2944 2940 2941 2942 2945 2946 2947 2948 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, S. Hart
Fidelity Global Intrinsic Value Currency Neutral Class 4123 4124 4125 4132 4126 4127 4128 4133 4129 4130 4131 4134 4135 4136 4137 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, S. Hart
Fidelity Global Large Cap Class 1085 1086 1087 1089 1093 1094 1095 1091 1135 1136 1137 1092 1090 5241 5242 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Large Cap Class US$ 1143 1144 1145 1148 n/a n/a n/a n/a n/a n/a n/a n/a 1149 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Large Cap Currency Neutral Class 1173 1174 1175 1151 1180 1181 1182 1154 1183 1184 1185 1161 1153 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity Global Small Cap Class 1237 1238 1239 1233 n/a n/a n/a n/a n/a n/a n/a n/a 1200 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei
Fidelity Global Small Cap Class US$ 1243 1244 1245 1248 n/a n/a n/a n/a n/a n/a n/a n/a 1249 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Badkoubei
Fidelity Insights Class 5482 5483 5484 5491 5485 5486 5487 5492 5488 5489 5490 5493 5494 5495 5496 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff
Fidelity Insights Class US$ 5501 5502 5503 5510 5504 5505 5506 5511 5507 5508 5509 5512 5513 5514 5515 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff
Fidelity Insights Currency Neutral Class 5520 5521 5522 5529 5523 5524 5525 5530 5526 5527 5528 5531 5532 5533 5534 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 W. Danoff
Fidelity International Disciplined Equity® Class 1563 1863 1063 1263 3573 3873 3073 3273 3563 3863 3063 3263 1663 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity International Disciplined Equity® Class US$ 1564 1864 1064 1264 n/a n/a n/a n/a n/a n/a n/a n/a 1664 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 C. Willett
Fidelity International Disciplined Equity® Currency Neutral Class 1071 1171 1271 1371 2071 2171 2271 1571 1671 1771 1871 1471 1971 n/a n/a 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 C. Willett
Fidelity International Growth Class 2192 2195 2198 2207 2193 2196 2199 2208 2194 2197 2200 2209 2210 2217 2218 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss
Fidelity International Growth Class US$ 2219 2229 2233 2236 2220 2230 2234 2237 2228 2232 2235 2238 2239 2240 2241 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Weiss
Fidelity Japan Class 514 814 014 214 n/a n/a n/a n/a n/a n/a n/a n/a 614 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 E. Dibb
Fidelity NorthStar® Class 510 810 301 210 3550 3850 3050 3250 3510 3810 3010 3210 610 1790 1791 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, D. Dupont, K. Weaver
Fidelity NorthStar® Class US$ 1570 1870 1070 1270 3571 3871 3071 3281 3570 3870 3070 3271 1670 1968 1970 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, D. Dupont, K. Weaver
Fidelity NorthStar® Currency Neutral Class 1280 1281 1282 1283 1290 1291 1292 1285 1293 1294 1295 1286 1284 1792 1793 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 J. Tillinghast, D. Dupont, K. Weaver
EQUITY SECTOR
Fidelity Global Consumer Industries Class 505 805 303 205 n/a n/a n/a n/a n/a n/a n/a n/a 605 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Wynimko
Fidelity Global Financial Services Class 518 818 018 218 n/a n/a n/a n/a n/a n/a n/a n/a 618 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 S. Boutsis
Fidelity Global Health Care Class 544 844 044 244 n/a n/a n/a n/a n/a n/a n/a n/a 644 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Gold, A. Lodha, J. Finegold
Fidelity Global Natural Resources Class 580 380 080 280 n/a n/a n/a n/a n/a n/a n/a n/a 680 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 J. Overdevest, D. Lekkerkerker
Fidelity Global Real Estate Class 1528 1828 1028 1228 3538 3838 3038 3238 3528 3828 3028 3228 1628 1797 1798 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 S. Buller
Fidelity Global Telecommunications Class3 541 841 041 241 n/a n/a n/a n/a n/a n/a n/a n/a 641 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 A. Shivram
Fidelity Technology Innovators Class* 590 890 090 290 n/a n/a n/a n/a n/a n/a n/a n/a 690 n/a n/a 2.00 1.85 0.85 Annually n/a 0.50 1.00 0.50 1.00 H. Sohn
ASSET ALLOCATION & BALANCED
Fidelity Canadian Asset Allocation Class 1530 1830 1030 1230 3540 3840 3040 3240 3530 3830 3030 3230 1630 3640 3630 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Canadian Asset Allocation Class US$ 2531 2831 2031 2231 3590 3890 3390 3290 2590 2890 2390 2290 2631 3790 3690 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Canadian Balanced Class 526 826 026 226 3546 3846 3046 3246 3536 3836 3036 3236 626 3646 3636 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Lekkerkerker, C. Martin, S. Tella, H. Lank
Fidelity Canadian Balanced Class US$ 2527 2827 2027 2227 3547 3847 3047 3247 3537 3837 3037 3237 2627 3647 3637 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf, D. Lekkerkerker, C. Martin, S. Tella, H. Lank
Fidelity Monthly Income Class 412 413 414 416 420 423 424 418 431 432 433 419 417 434 436 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Monthly Income Class US$ 441 442 443 446 450 453 454 448 455 457 458 449 447 460 463 1.85 1.70 0.70 Monthly Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
FIXED-INCOME
Fidelity Corporate Bond Class1 1441 1442 1443 1444 1448 1449 1450 1447 n/a n/a n/a n/a 1445 1446 n/a 1.45 1.20 0.70 Annually Monthly 0.25 0.50 0.25 0.50 C. Martin, S. Tella
Fidelity Canadian Short Term Income Class2 546 846 046 246 n/a n/a n/a n/a n/a n/a n/a n/a 646 n/a n/a 0.95 0.70 0.45 Annually n/a 0.25 0.25 0.25 0.25 M. Widrig
FIDELITY MANAGED PORTFOLIOS
Fidelity Income Class Portfolio 2581 2881 2081 2281 3521 3821 3021 3221 3511 3811 3011 3211 2681 3621 3611 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Income Class Portfolio US$ 2591 2891 2091 2291 3541 3841 3041 3241 3544 3844 3044 3244 2691 3641 3644 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Income Class Portfolio 2582 2882 2082 2282 3522 3822 3022 3222 3512 3812 3012 3212 2682 3622 3612 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Income Class Portfolio US$ 2592 2892 2092 2292 3548 3848 3048 3248 3531 3831 3031 3231 2692 3648 3631 1.85 1.70 0.70 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Balanced Class Portfolio 2583 2883 2083 2283 3523 3823 3023 3223 3513 3813 3013 3213 2683 3623 3613 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Balanced Class Portfolio US$ 2593 2893 2093 2293 3543 2843 3043 3243 3533 3833 3033 3233 2693 3643 3633 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Balanced Class Portfolio 2584 2884 2084 2284 3524 3824 3024 3224 3514 3814 3014 3214 2684 3624 3614 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Balanced Class Portfolio US$ 2594 2894 2094 2294 3554 3854 3054 3254 3534 3834 3034 3234 2694 3654 3634 1.95 1.80 0.80 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Growth Class Portfolio 2585 2885 2085 2285 3525 3825 3025 3225 3515 3815 3015 3215 2685 3625 3615 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Growth Class Portfolio US$ 2595 2895 2095 2295 3545 3845 3045 3245 3535 3835 3035 3235 2695 3645 3635 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Growth Class Portfolio 2586 2886 2086 2286 3526 3826 3026 3226 3516 3816 3016 3216 2686 3626 3616 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
Fidelity Global Growth Class Portfolio US$ 2596 2896 2096 2296 3549 3849 3049 3249 3539 3839 3039 3239 2696 3649 3639 2.00 1.85 0.85 Annually Monthly 0.50 1.00 0.50 1.00 G. Stein, D. Wolf
FIDELITY FUND FACTS
For advisor use only.127 n MarketPulse
At-a-glance, continued
ANNUAL MANAGEMENT FEE (IN BASIS POINTS) ANNUAL MANAGEMENT FEE (IN BASIS POINTS) ANNUAL MANAGEMENT FEE (IN BASIS POINTS) POOL CODES SERIES B/S5/S8 SERIES I/I5/I8 SERIES F/F5/F8
FIXED
FEE REDUCTION (BASIS POINTS)1 FEE REDUCTION (BASIS POINTS)1 FEE REDUCTION (BASIS POINTS)1
ADMINISTRATION MANAGEMENT OVER NEXT NEXT OVER MANAGEMENT OVER NEXT NEXT OVER MANAGEMENT OVER NEXT NEXT OVER POOL NAME STRUCTURE SERIES B SERIES S5 SERIES S8 SERIES I SERIES I5 SERIES I8 SERIES F SERIES F5 SERIES F8 SERIES D FEE* FEE $250K $500K $1M $2M FEE $250K $500K $1M $2M FEE $250K $500K $1M $2M PORTFOLIO MANAGER(S)
FIDELITY PRIVATE INVESTMENT POOLSCORE POOLS
Fidelity Canadian Equity Private Pool Class 9010 9210 9110 9310 9410 9510 9610 9710 9810 n/a 15 175 5 10 15 20 75 to 175 5 10 15 20 75 5 10 15 20 A. Marchese, J. Overdevest
Fidelity Concentrated Canadian Equity Private Pool Class 9011 9211 9111 9311 9411 9511 9611 9711 9811 n/a 15 175 5 10 15 20 75 to 175 5 10 15 20 75 5 10 15 20 A. Marchese, J. Overdevest
Fidelity Concentrated Value Private Pool Class 906 909 926 929 932 937 921 922 923 n/a 15 175 5 10 15 20 75 to 175 5 10 15 20 75 5 10 15 20 D. Dupont
Fidelity U.S. Dividend Private Pool Trust 1994 1995 1996 2007 2008 2009 1997 1999 2000 n/a 15 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 R. Persaud
Fidelity U.S. Dividend Private Pool US$ Trust 2010 2017 2018 2029 2030 2032 2019 2020 2028 n/a 15 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 R. Persaud
Fidelity U.S. Equity Private Pool Class 9012 9212 9112 9312 9412 9512 9612 9712 9812 n/a 15 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 C. Willett
Fidelity U.S. Equity Currency Neutral Private Pool Class 1057 1257 1157 1357 1457 1557 1657 1757 1857 n/a 18 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 C. Willett
Fidelity International Equity Private Pool Class 9013 9213 9113 9313 9413 9513 9613 9713 9813 n/a 20 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity International Equity Currency Neutral Private Pool Class 1058 1258 1158 1358 1458 1558 1658 1758 1858 n/a 23 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity Global Equity Private Pool Class 9014 9214 9114 9314 9414 9514 9614 9714 9814 n/a 20 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity Global Equity Currency Neutral Private Pool Class 1065 1265 1165 1365 1465 1565 1665 1765 1865 n/a 23 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity Premium Fixed Income Private Pool Trust 9015 n/a n/a 9315 n/a n/a 9615 n/a n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Fixed Income Private Pool US$ Trust 1924 n/a n/a 1928 n/a n/a 1926 n/a n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Fixed Income Private Pool Class2 Class 1491 1496 n/a 1494 1495 n/a 1492 1493 n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Fixed Income Private Pool Class2 US$ Class 1917 1918 n/a 1921 1923 n/a 1919 1920 n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Tactical Fixed Income Private Pool Trust 904 n/a n/a 918 n/a n/a 916 n/a n/a n/a 10 105 5 7.5 7.5 10 55 to 105 5 7.5 7.5 10 55 5 7.5 7.5 10 J. Moore, C. Martin, S. Tella
Fidelity Premium Money Market Private Pool3 Trust 9016 n/a n/a 9316 n/a n/a 9616 n/a n/a 9716 0 65 5 10 15 15 40 to 65 5 10 15 15 40 5 10 15 15 M. Widrig
DIVERSIFIED BALANCED POOLS
Fidelity Asset Allocation Private Pool Class 113 137 138 438 439 498 135 139 374 n/a 15 170 5 10 15 20 70 to 170 5 10 15 20 70 5 10 15 20 G. Stein, D. Wolf
Fidelity Asset Allocation Private Pool US$ Class 703 716 718 726 727 728 714 719 724 n/a 15 170 5 10 15 20 70 to 170 5 10 15 20 70 5 10 15 20 G. Stein, D. Wolf
Fidelity Asset Allocation Currency Neutral Private Pool Class 731 733 734 739 741 742 732 736 738 n/a 18 170 5 10 15 20 70 to 170 5 10 15 20 70 5 10 15 20 G. Stein, D. Wolf
Fidelity Balanced Private Pool Class 9018 9218 9118 9318 9418 9518 9618 9718 9818 n/a 15 165 5 10 12.5 15 65 to 165 5 10 12.5 15 65 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Private Pool US$ Class 750 754 755 760 763 765 753 757 758 n/a 15 165 5 10 12.5 15 65 to 165 5 10 12.5 15 65 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Currency Neutral Private Pool Class 1067 1267 1167 1367 1467 1567 1667 1767 1867 n/a 18 165 5 10 12.5 15 65 to 165 5 10 12.5 15 65 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Income Private Pool Class 9019 9219 9119 9319 9419 9519 9619 9719 9819 n/a 15 160 5 10 12.5 15 60 to 160 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Income Private Pool US$ Class 766 768 769 775 778 780 767 773 774 n/a 15 160 5 10 12.5 15 60 to 160 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Income Currency Neutral Private Pool Class 1068 1268 1168 1368 1468 1568 1668 1768 1868 n/a 18 160 5 10 12.5 15 60 to 160 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Conservative Income Private Pool Trust 2705 2770 2772 2707 2775 2776 2706 2773 2774 n/a 12.5 135 5 10 12.5 15 60 to 135 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf, D. Tulk
Fidelity Conservative Income Private Pool US$ Trust 2708 2777 2778 2710 2781 2782 2709 2779 2780 n/a 12.5 135 5 10 12.5 15 60 to 135 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf, D. Tulk
Fidelity Global Asset Allocation Private Pool Trust 5946 5947 5948 5952 5953 5954 5949 5950 5951 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Global Asset Allocation Private Pool US$ Trust 6099 6100 6101 6105 6106 6107 6102 6103 6104 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Global Asset Allocation Currency Neutral Private Pool Trust 5955 5956 5957 5961 5962 5963 5958 5959 5960 n/a 18 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity U.S. Growth and Income Private Pool Trust 1975 1976 1977 1981 1982 1983 1978 1979 1980 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity U.S. Growth and Income Private Pool US$ Trust 1984 1985 1986 1991 1992 1993 1987 1989 1990 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
FIDELITY FACTOR MUTUAL FUNDS DISTRIBUTIONS CASH SERIES B – ISC SERIES F – NL AVAILABLE
MANAGEMENT SERVICE FEES MANAGEMENT FIDELITY DIVIDEND FACTOR MUTUAL FUNDS FUND CODES FEES (% ANNUALLY) FUND CODES FEES SERIES B/F
Fidelity Canadian High Dividend Index ETF Fund 4086 1.35% 1.00% 4087 0.35% Monthly
Fidelity U.S. Dividend for Rising Rates Index ETF Fund 4097 1.35% 1.00% 4098 0.35% Monthly
Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF Fund 4102 1.35% 1.00% 4103 0.35% Monthly
Fidelity U.S. High Dividend Index ETF Fund 4089 1.35% 1.00% 4090 0.35% Monthly
Fidelity U.S. High Dividend Currency Neutral Index ETF Fund 4094 1.35% 1.00% 4095 0.35% Monthly
Fidelity International High Dividend Index ETF Fund 4105 1.45% 1.00% 4106 0.45% Monthly
Fidelity Tactical Global Dividend ETF Fund4 4110 1.60% 1.00% 4111 0.60% Monthly
FIDELITY LOW VOLATILITY FACTOR MUTUAL FUNDS
Fidelity Canadian Low Volatility Index ETF Fund 6518 1.35% 1.00% 6519 0.35% Quarterly
Fidelity U.S. Low Volatility Index ETF Fund 6521 1.35% 1.00% 6522 0.35% Quarterly
Fidelity U.S. Low Volatility Currency Neutral Index ETF Fund 6524 1.35% 1.00% 6525 0.35% Quarterly
Fidelity International Low Volatility Index ETF Fund 6527 1.45% 1.00% 6528 0.45% Semi-annually
* Fidelity will pay all of the operating expenses of each of the Pools, except for certain “”pool costs”” (as defined in the Pool’s prospectus), in exchange for a fixed-rate administration fee. n 1 The amount of the fee reduction is based on the amount invested in each pool and begins on the first dollar over $250,000 invested. Management fees do not include administration and other operating expenses and applicable sales tax. Fees are shown in basis points. Note that fee reductions are applicable only on that portion of assets that fall within the specified tier. Trailer fees are included in Series B, S5, and S8 management fees and may be included in Series I management fees depending on the trailer fee negotiated. n 2 As of December 23, 2014, Fidelity Premium Fixed Income Capital Yield Private Pool was renamed Fidelity Premium Fixed Income Private Pool Class. The Pool’s investment objectives and strategies also changed. The Pool
For advisor use only. MarketPulse n 128
ANNUAL MANAGEMENT FEE (IN BASIS POINTS) ANNUAL MANAGEMENT FEE (IN BASIS POINTS) ANNUAL MANAGEMENT FEE (IN BASIS POINTS) POOL CODES SERIES B/S5/S8 SERIES I/I5/I8 SERIES F/F5/F8
FIXED
FEE REDUCTION (BASIS POINTS)1 FEE REDUCTION (BASIS POINTS)1 FEE REDUCTION (BASIS POINTS)1
ADMINISTRATION MANAGEMENT OVER NEXT NEXT OVER MANAGEMENT OVER NEXT NEXT OVER MANAGEMENT OVER NEXT NEXT OVER POOL NAME STRUCTURE SERIES B SERIES S5 SERIES S8 SERIES I SERIES I5 SERIES I8 SERIES F SERIES F5 SERIES F8 SERIES D FEE* FEE $250K $500K $1M $2M FEE $250K $500K $1M $2M FEE $250K $500K $1M $2M PORTFOLIO MANAGER(S)
FIDELITY PRIVATE INVESTMENT POOLSCORE POOLS
Fidelity Canadian Equity Private Pool Class 9010 9210 9110 9310 9410 9510 9610 9710 9810 n/a 15 175 5 10 15 20 75 to 175 5 10 15 20 75 5 10 15 20 A. Marchese, J. Overdevest
Fidelity Concentrated Canadian Equity Private Pool Class 9011 9211 9111 9311 9411 9511 9611 9711 9811 n/a 15 175 5 10 15 20 75 to 175 5 10 15 20 75 5 10 15 20 A. Marchese, J. Overdevest
Fidelity Concentrated Value Private Pool Class 906 909 926 929 932 937 921 922 923 n/a 15 175 5 10 15 20 75 to 175 5 10 15 20 75 5 10 15 20 D. Dupont
Fidelity U.S. Dividend Private Pool Trust 1994 1995 1996 2007 2008 2009 1997 1999 2000 n/a 15 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 R. Persaud
Fidelity U.S. Dividend Private Pool US$ Trust 2010 2017 2018 2029 2030 2032 2019 2020 2028 n/a 15 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 R. Persaud
Fidelity U.S. Equity Private Pool Class 9012 9212 9112 9312 9412 9512 9612 9712 9812 n/a 15 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 C. Willett
Fidelity U.S. Equity Currency Neutral Private Pool Class 1057 1257 1157 1357 1457 1557 1657 1757 1857 n/a 18 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 C. Willett
Fidelity International Equity Private Pool Class 9013 9213 9113 9313 9413 9513 9613 9713 9813 n/a 20 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity International Equity Currency Neutral Private Pool Class 1058 1258 1158 1358 1458 1558 1658 1758 1858 n/a 23 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity Global Equity Private Pool Class 9014 9214 9114 9314 9414 9514 9614 9714 9814 n/a 20 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity Global Equity Currency Neutral Private Pool Class 1065 1265 1165 1365 1465 1565 1665 1765 1865 n/a 23 180 5 10 15 20 80 to 180 5 10 15 20 80 5 10 15 20 P. Quirion
Fidelity Premium Fixed Income Private Pool Trust 9015 n/a n/a 9315 n/a n/a 9615 n/a n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Fixed Income Private Pool US$ Trust 1924 n/a n/a 1928 n/a n/a 1926 n/a n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Fixed Income Private Pool Class2 Class 1491 1496 n/a 1494 1495 n/a 1492 1493 n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Fixed Income Private Pool Class2 US$ Class 1917 1918 n/a 1921 1923 n/a 1919 1920 n/a n/a 10 95 5 7.5 7.5 10 45 to 95 5 7.5 7.5 10 45 5 7.5 7.5 10 C. Martin, S. Tella
Fidelity Premium Tactical Fixed Income Private Pool Trust 904 n/a n/a 918 n/a n/a 916 n/a n/a n/a 10 105 5 7.5 7.5 10 55 to 105 5 7.5 7.5 10 55 5 7.5 7.5 10 J. Moore, C. Martin, S. Tella
Fidelity Premium Money Market Private Pool3 Trust 9016 n/a n/a 9316 n/a n/a 9616 n/a n/a 9716 0 65 5 10 15 15 40 to 65 5 10 15 15 40 5 10 15 15 M. Widrig
DIVERSIFIED BALANCED POOLS
Fidelity Asset Allocation Private Pool Class 113 137 138 438 439 498 135 139 374 n/a 15 170 5 10 15 20 70 to 170 5 10 15 20 70 5 10 15 20 G. Stein, D. Wolf
Fidelity Asset Allocation Private Pool US$ Class 703 716 718 726 727 728 714 719 724 n/a 15 170 5 10 15 20 70 to 170 5 10 15 20 70 5 10 15 20 G. Stein, D. Wolf
Fidelity Asset Allocation Currency Neutral Private Pool Class 731 733 734 739 741 742 732 736 738 n/a 18 170 5 10 15 20 70 to 170 5 10 15 20 70 5 10 15 20 G. Stein, D. Wolf
Fidelity Balanced Private Pool Class 9018 9218 9118 9318 9418 9518 9618 9718 9818 n/a 15 165 5 10 12.5 15 65 to 165 5 10 12.5 15 65 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Private Pool US$ Class 750 754 755 760 763 765 753 757 758 n/a 15 165 5 10 12.5 15 65 to 165 5 10 12.5 15 65 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Currency Neutral Private Pool Class 1067 1267 1167 1367 1467 1567 1667 1767 1867 n/a 18 165 5 10 12.5 15 65 to 165 5 10 12.5 15 65 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Income Private Pool Class 9019 9219 9119 9319 9419 9519 9619 9719 9819 n/a 15 160 5 10 12.5 15 60 to 160 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Income Private Pool US$ Class 766 768 769 775 778 780 767 773 774 n/a 15 160 5 10 12.5 15 60 to 160 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Balanced Income Currency Neutral Private Pool Class 1068 1268 1168 1368 1468 1568 1668 1768 1868 n/a 18 160 5 10 12.5 15 60 to 160 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Conservative Income Private Pool Trust 2705 2770 2772 2707 2775 2776 2706 2773 2774 n/a 12.5 135 5 10 12.5 15 60 to 135 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf, D. Tulk
Fidelity Conservative Income Private Pool US$ Trust 2708 2777 2778 2710 2781 2782 2709 2779 2780 n/a 12.5 135 5 10 12.5 15 60 to 135 5 10 12.5 15 60 5 10 12.5 15 G. Stein, D. Wolf, D. Tulk
Fidelity Global Asset Allocation Private Pool Trust 5946 5947 5948 5952 5953 5954 5949 5950 5951 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Global Asset Allocation Private Pool US$ Trust 6099 6100 6101 6105 6106 6107 6102 6103 6104 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity Global Asset Allocation Currency Neutral Private Pool Trust 5955 5956 5957 5961 5962 5963 5958 5959 5960 n/a 18 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity U.S. Growth and Income Private Pool Trust 1975 1976 1977 1981 1982 1983 1978 1979 1980 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
Fidelity U.S. Growth and Income Private Pool US$ Trust 1984 1985 1986 1991 1992 1993 1987 1989 1990 n/a 15 170 5 10 12.5 15 70 to 170 5 10 12.5 15 70 5 10 12.5 15 G. Stein, D. Wolf
FIDELITY FACTOR MUTUAL FUNDS DISTRIBUTIONS CASH SERIES B – ISC SERIES F – NL AVAILABLE
MANAGEMENT SERVICE FEES MANAGEMENT FIDELITY DIVIDEND FACTOR MUTUAL FUNDS FUND CODES FEES (% ANNUALLY) FUND CODES FEES SERIES B/F
Fidelity Canadian High Dividend Index ETF Fund 4086 1.35% 1.00% 4087 0.35% Monthly
Fidelity U.S. Dividend for Rising Rates Index ETF Fund 4097 1.35% 1.00% 4098 0.35% Monthly
Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF Fund 4102 1.35% 1.00% 4103 0.35% Monthly
Fidelity U.S. High Dividend Index ETF Fund 4089 1.35% 1.00% 4090 0.35% Monthly
Fidelity U.S. High Dividend Currency Neutral Index ETF Fund 4094 1.35% 1.00% 4095 0.35% Monthly
Fidelity International High Dividend Index ETF Fund 4105 1.45% 1.00% 4106 0.45% Monthly
Fidelity Tactical Global Dividend ETF Fund4 4110 1.60% 1.00% 4111 0.60% Monthly
FIDELITY LOW VOLATILITY FACTOR MUTUAL FUNDS
Fidelity Canadian Low Volatility Index ETF Fund 6518 1.35% 1.00% 6519 0.35% Quarterly
Fidelity U.S. Low Volatility Index ETF Fund 6521 1.35% 1.00% 6522 0.35% Quarterly
Fidelity U.S. Low Volatility Currency Neutral Index ETF Fund 6524 1.35% 1.00% 6525 0.35% Quarterly
Fidelity International Low Volatility Index ETF Fund 6527 1.45% 1.00% 6528 0.45% Semi-annually
is closed to new purchases with the exception of existing regular pre-authorized chequing (PAC) purchases. n 3 Fidelity Premium Money Market Private Pool, Series D (pool code 9716), is available to advisors for single-ticket purchases into the Custom Portfolio Service. n 4 Fidelity Tactical Global Dividend ETF Fund is a single-ticket global dividend solution with a tactical asset allocation overlay designed to generate income in various market environments. This fund is not an index mutual fund and may invest in underlying funds that are not managed by Fidelity. This fund may also invest, to a lesser extent, in underlying funds that do not invest in global dividend-paying equity securities.
DISTRIBUTIONS CASH SERIES B – ISC SERIES F – NL AVAILABLE
MANAGEMENT SERVICE FEES MANAGEMENT FIDELITY HIGH QUALITY FACTOR MUTUAL FUNDS FUND CODES FEES (% ANNUALLY) FUND CODES FEES SERIES B/F
Fidelity Canadian High Quality Index ETF Fund 6533 1.35% 1.00% 6534 0.35% Quarterly
Fidelity U.S. High Quality Index ETF Fund 6536 1.35% 1.00% 6537 0.35% Quarterly
Fidelity U.S. High Quality Currency Neutral Index ETF Fund 6539 1.35% 1.00% 6540 0.35% Quarterly
Fidelity International High Quality Index ETF Fund 6542 1.45% 1.00% 6543 0.45% Semi-annually
FIDELITY SUSTAINABLE WORLD MUTUAL FUNDS Fidelity Sustainable World ETF Fund 6782 1.55% 1.00% 6783 0.55% Annually
The Fidelity sales team
For advisor use only.129 n MarketPulse
Ontario East VICE-PRESIDENT, REGIONAL SALES
Glen Davidson DISTRICT VICE-PRESIDENTS
Rahim Dhanji (613) 299-1614
Agnes Doherty (416) 708-2847
Alex Gabrini (416) 700-6557
Liam Helt (647) 234-3636
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Ontario West VICE-PRESIDENT, REGIONAL SALES
Dave Bushnell DISTRICT VICE-PRESIDENTS
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Executive vice-president, Advisor distributionJaime Harper
Regional officesBritish ColumbiaCommerce Place 400 Burrard Street Suite 1800 Vancouver, BC V6C 3A61 800 665-3305 (604) 681-6647 (604) 687-2782 fax
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Quebec1000 de la Gauchetière W. Suite 1400 Montréal, QC H3B 4W51 800 265-0800 (514) 866-7360 1 877 330-8255 fax
BUSINESS DEVELOPMENT MANAGERS
Madeline McGown 1 888 953-4778
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Western Canada VICE-PRESIDENT, REGIONAL SALES
Gord Thomson
Prairies DISTRICT VICE-PRESIDENTS
Thomas Caulfield (403) 463-2345
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British Columbia DISTRICT VICE-PRESIDENTS
Tom Hanger (604) 679-9799
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Shea McEachrane-Johnson (778) 233-7232
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BUSINESS DEVELOPMENT MANAGERS
Jill Hacking 1 866 898-7999
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BUSINESS DEVELOPMENT MANAGERS
Tarah Domingo 1 855 447-2026
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Adam Dickson (604) 647-2009
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Quebec and Atlantic VICE-PRESIDENT, REGIONAL SALES
Charles DanisQuebecDISTRICT VICE-PRESIDENTS
Julien Brosseau (514) 220-5604
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Atlantic regionTodd Green (902) 499-6889
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BUSINESS DEVELOPMENT MANAGERS
Marc-Antoine Brunet 1 866 788-9188
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For advisor use only. MarketPulse n 130
For advisor use only.131 n MarketPulse
This document is for advisor use only.
No recipient is authorized to pass this commu-nication on to any other person whatsoever or reproduce it by any means without the prior written consent of Fidelity.
The statements contained herein are based on information believed to be reliable and are pro-vided for information purposes only. Where such information is based in whole or in part on information provided by third parties, we cannot guarantee that it is accurate, complete or current at all times. It does not provide investment, tax or legal advice, and is not an offer or solicitation to buy. Graphs and charts are used for illustrative purposes only and do not reflect future values or returns on investment of any fund or portfolio. Particular investment strategies should be evalu-ated according to an investor’s investment objec-tives and tolerance for risk. Fidelity Investments Canada ULC and its affiliates and related entities are not liable for any errors or omissions in the information or for any loss or damage suffered.
Certain Class Funds are closed to new purchases and switches for registered plans, except for exist-ing systematic transactions. Certain other Class Funds are not recommended for registered plan investors and registered plan investors should consider the trust fund equivalent for these Class Funds instead. Registered plan investors should also be aware that certain Class Funds may, from time to time bear an income tax expense which will reduce returns. Please read the fund facts for further details.
Series F: If you buy other series of Fidelity funds, the performance will vary largely due to different fees and expenses.
Investors who buy Series F pay investment management fees and expenses to Fidelity. Investors will also pay their dealer a fee for financial advice services in addition to the Series F fees charged by Fidelity.
Carefully review a Fund’s prospectus. There are risks to investing in mutual funds.
There is no assurance that any Fund will achieve its investment objective, and its net asset value, yield and investment return will fluctuate. There is no assurance that any money market fund will maintain a fixed net asset value. Fidelity Equity Sector Funds may be more volatile than other Fidelity Funds. Past performance is no assurance of future returns.
Commissions, trailing commissions, manage-ment fees and expenses all may be associated with mutual fund investments. Please read the prospectus, which contains detailed investment information, before investing. The indicated rates of return (other than for each money mar-ket fund) are historical annual compounded total returns for the period indicated including changes in unit value and reinvestment distri-butions. The indicated rate of return for each money market fund is an annualized historical
yield based on the seven-day period ended as indicated and annualized in the case of effective yield by compounding the seven day return and does not represent an actual one year return. The indicated rates of return do not take into account sales, redemption, distribution or option charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaran-teed or insured. Their values change frequently. There can be no assurances that any money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Past performance may not be repeated.
From time to time a manager, analyst or other Fidelity employee may express views regarding a particular company, security, industry or market sector. The views expressed by any such person are the views of only that individual as of the time expressed and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are sub-ject to change at any time, based upon markets and other conditions, and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity Fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Mutual fund strategies and current holdings are subject to change.
Morningstar Ratings: © 2020 Morningstar Research Inc. All rights reserved. The infor-mation contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past perfor-mance is not guarantee of future results.
The quartiles divide the returns of all funds in a category into four equal regions. Expressed in terms of rank (1, 2, 3 or 4), the quartile measure shows how well a fund has performed compared to all other funds in the same cate-gory as defined by Morningstar, and are updat-ed monthly. For multi-series funds (Series A, Series B etc.), each series is rated separately and counted as a fraction of an investment within this scale, which may cause slight variations in the distribution percentages. This accounting prevents a single portfolio in a smaller category from dominating any portion of the rating scale. The top 25% of funds (or quarter) are at the first quartile, the next 25% of funds are at the second, and the next group is at the third quar-tile. The bottom 25% of funds with the poorest performance are at the fourth quartile.
Growth of $10,000 since inception: The growth chart shown is used to illustrate the effects of the compound growth rate and is not intended to reflect future values of the fund or returns on investment in any fund.
Annual Standard Deviation: Standard deviation is a statistical measure of how much a return varies over an extended period of time. The more variable the returns, the larger the standard devi-ation. Investors may examine historical standard deviation in conjunction with historical returns to decide whether an investment’s volatility would have been acceptable given the returns it would have produced. A higher standard devia-tion indicates a wider dispersion of past returns and thus greater historical volatility. Standard deviation does not indicate how an investment actually performed, but it does indicate the vola-tility of its returns over time. Standard deviation is annualized. The returns used for this calcula-tion are not load-adjusted. Standard deviation does not predict the future volatility of a fund.
Volatility Meter: A fund’s volatility is deter-mined using a statistical measure called “stan-dard deviation.” Standard deviation measures the amount of variability of returns that has his-torically occurred relative to the average return. The higher the standard deviation of a fund, the greater the range of returns it has experience in the past. Other types of risk, both measurable and non-measurable, exist. In addition, just as historical performance may not be indicative of future returns, a fund’s historical volatility may not be indicative of its future volatility.
The investment risk level indicated is required to be determined in accordance with the Canadian Securities Administrators standardized risk clas-sification methodology, which is based on the historical volatility of a fund, as measured by the ten-year annualized standard deviation of the returns of a fund or those of a reference index, in the case of a new fund.
Allocation: Month-end asset mixes may total greater than/less than 100% due to differences in the timing of cashflows and investments, and/or to reflect cash held for the purposes of colla- teral allocations associated with certain types of derivatives. Country and sector allocations show specific exposures to countries/sectors represent-ing at least 1% of total fund asset. As such, the values displayed may not total 100%.
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Source: FMR LLC.
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