fidelity’s monthly fund update for advisors | for adv ... · equity funds as at april 30, 2020 1...

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 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


LL 1818

LL2 1318




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.



FUNDMORNINGSTAR


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



$0

$15,000

$30,000

$45,000

$60,000

$75,000

OCT-00 APR-20

FUNDBENCHMARK

$57,450


-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 BENCHMARK


Beta 1.24 —

R2 0.76 —


LOW LOW TO MEDIUM


HIGH



Shopify – Information Technology

Roku – Consumer Discretionary

Manulife – Financials

Slack Technologies – Information Technology

Bausch Health – Health Care




Roche Holding – Health Care

Thomson Reuters – Industrials

Total holdings 83


ALLOCATION3


MONTH12 MONTHS

AGO



Other Investments 1.0 0.7


EQUITY SECTOR MIX (%)


Materials 12.8 7.6


Health Care 10.1 5.6

Industrials 9.4 5.5


Energy 7.1 8.9


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


Fund benchmark1

70% S&P/TSX Capped Composite Index and 30% S&P 500 Index




Also offered throughCorporate Class

Morningstar fund categoryCanadian Focused Equity


Series A: DSC 565

LL 865

LL2 065

Series B: ISC 265

Series F: NL 665





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.



FUNDMORNINGSTAR


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



$0

$15,000

$30,000

$45,000

$60,000

$75,000

OCT-00 APR-20

FUNDBENCHMARK

$52,546


-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 BENCHMARK


Beta 0.60 —

R2 0.70 —


LOW LOW TO MEDIUM


HIGH




BCE – Communication Services

Imperial Brands – Consumer Staples


Bank of Nova Scotia – Financials


Canadian Natural Resources – Energy

Metro – Consumer Staples

TMX Group – Financials

Loblaw – Consumer Staples

Total holdings 56


ALLOCATION3


MONTH12 MONTHS

AGO



Foreign Bonds 0.0 6.5



Energy 31.1 0.0




Industrials 4.9 5.4


Health Care 2.1 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


Fund benchmark1

70% S&P/TSX 60 Capped Index and 30% S&P 500 Index







Series A: DSC 531

LL 831

LL2 031

Series B: ISC 231

Series F: NL 631


LL 1656

LL2 1659




LL 1578

LL2 1653





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.



FUNDMORNINGSTAR


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



$0

$15,000

$30,000

$45,000

$60,000

$75,000

OCT-00 APR-20

FUNDBENCHMARK

$54,845


-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 BENCHMARK


Beta 0.59 —

R2 0.90 —


LOW LOW TO MEDIUM


HIGH



Brookfield Renewable Partners – Utilities

Quebecor – Communication Services


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


ALLOCATION3


MONTH12 MONTHS

AGO








Utilities 12.7 6.4



Industrials 7.1 1.9


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


Fund benchmark1

S&P/TSX Completion Index







Series A: DSC 515

LL 815

LL2 095

Series B: ISC 215

Series F: NL 615


LL 1680

LL2 1681




LL 1677

LL2 1678





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

MAY-05 APR-20

FUNDBENCHMARK

$31,472


-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 BENCHMARK


Beta 0.49 —

R2 0.87 —


LOW LOW TO MEDIUM


HIGH






Enbridge – Energy







Total holdings 610


ALLOCATION3


MONTH12 MONTHS

AGO



Canadian Bonds 3.6 5.4





Energy 15.1 12.9

Utilities 11.4 9.6

Materials 6.2 3.5


Real Estate 5.3 5.6

Industrials 3.6 2.4




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





Morningstar fund categoryCanadian Dividend & Income Equity


Series A: DSC 521

LL 341

LL2 021

Series B: ISC 221

Series F: NL 611


LL 335

LL2 073




LL 1835

LL2 1335





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.



FUNDMORNINGSTAR


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



$0

$15,000

$30,000

$45,000

$60,000

MAY-05 APR-20

FUNDBENCHMARK

$40,578


-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 BENCHMARK


Beta 0.60 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH






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


ALLOCATION4


MONTH12 MONTHS

AGO







Utilities 21.2 12.9

Real Estate 19.5 16.0


Energy 12.6 15.0

Financials 4.0 3.3


Materials 3.3 0.0

Industrials 3.2 2.0


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 A: DSC 523

LL 832

LL2 032

Series B: ISC 223

Series F: NL 632


LL 793

LL2 794




LL 787

LL2 788





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

JAN-08 APR-20

FUNDBENCHMARK

$24,539


-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 BENCHMARK


Beta 0.75 —

R2 0.77 —


LOW LOW TO MEDIUM


HIGH



Darling Ingredients – Consumer Staples

Papa John's – Consumer Discretionary


Chipotle Mexican Grill – Consumer Discretionary




Axway – Information Technology

Five Below – Consumer Discretionary

Frontdoor – Consumer Discretionary

Total holdings 87


ALLOCATION3


MONTH12 MONTHS

AGO









Industrials 7.8 1.9

Utilities 6.4 4.6

Financials 6.3 6.0


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


Fund aggregate assets (all series)$327.1 million



Morningstar fund categoryCanadian Focused Small/Mid Cap Equity


Series A: DSC 1546

LL 1846

LL2 1046

Series B: ISC 1246

Series F: NL 1646


LL 1856

LL2 1056




LL 1866

LL2 1066


Series F5 (T-SWP): NL 1764U.S. DOLLAR

Series A: DSC 1547

LL 1847

LL2 1047

Series B: ISC 1247

Series F: NL 1647



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.



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



$0

$15,000

$30,000

$45,000

$60,000

$75,000

APR-07 APR-20

FUNDBENCHMARK

$54,248


-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 BENCHMARK


Beta 0.93 —

R2 0.72 —


LOW LOW TO MEDIUM


HIGH







Roku – Communication Services



Agnico Eagle Mines – Materials

Zoom Video Communications – Information Technology

Amazon.com – Consumer Discretionary

Total holdings 111


ALLOCATION2


MONTH12 MONTHS

AGO



Convertibles 2.1 1.2




Materials 15.7 7.8




Financials 4.9 7.4



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


Series inception dateApril 18, 2007

Fund benchmark70% S&P/TSX Completion Index and 30% Russell 2500 Index





Morningstar fund categoryCanadian Focused Small/Mid Cap Equity


Series A: DSC 1598

LL 1898

LL2 1098

Series B: ISC 1298

Series F: NL 1698


LL 1724

LL2 1725




LL 1721

LL2 1722



Series A: DSC 1599

LL 1899

LL2 1099

Series B: ISC 1299

Series F: NL 1699



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

$50,000

OCT-00 APR-20

FUNDBENCHMARK

$36,526


-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 BENCHMARK


Beta 0.73 —

R2 0.94 —


LOW LOW TO MEDIUM


HIGH





Canadian National Railway – Industrials








Total holdings 101


ALLOCATION3


MONTH12 MONTHS

AGO







Energy 11.4 10.6



Materials 10.3 6.3



Utilities 6.2 3.6


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


Fund benchmark1

S&P/TSX Capped Composite Index







Series A: DSC 525

LL 825

LL2 036

Series B: ISC 225

Series F: NL 625


LL 803

LL2 003




LL 1813

LL2 1313





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.



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



$0

$10,000

$20,000

$30,000

$40,000

$50,000

JUL.-02 APR-20

FUNDBENCHMARK

$33,782


-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 BENCHMARK


Beta 1.03 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH



Microsoft – Information Technology


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


ALLOCATION2


MONTH12 MONTHS

AGO









Industrials 8.0 9.4


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





Currency Neutral

Morningstar fund categoryU.S. Equity


Series A: DSC 583

LL 383

LL2 083

Series B: ISC 283

Series F: NL 683


LL 806

LL2 006




LL 1816

LL2 1316



Series A: DSC 437

LL 847

LL2 047

Series B: ISC 737

Series F: NL 637





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.



FUNDMORNINGSTAR


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



$0

$15,000

$30,000

$45,000

$60,000

OCT-02 APR-20

FUNDBENCHMARK

$30,502


-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 BENCHMARK


Beta 0.67 —

R2 0.71 —


LOW LOW TO MEDIUM


HIGH



NextEra Energy – Utilities

CMS Energy – Utilities

Xcel Energy – Utilities


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


ALLOCATION3


MONTH12 MONTHS

AGO





Utilities 25.3 21.3



Real Estate 6.9 8.8


Financials 6.4 8.5

Industrials 6.0 9.8


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


Fund benchmark1

S&P 500 Index





Currency Neutral



Series A: DSC 564

LL 864

LL2 064

Series B: ISC 264

Series F: NL 638


LL 2384

LL2 2386




LL 2383

LL2 2385



Series A: DSC 459

LL 859

LL2 059

Series B: ISC 759

Series F: NL 659


LL 2395

LL2 2397




LL 2394

LL2 2396





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.



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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

NOV-14 APR-20

FUNDBENCHMARK

$11,240


-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 BENCHMARK


Beta 0.97 —

R2 0.73 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION3


MONTH12 MONTHS

AGO









Real Estate 4.8 6.1

Utilities 3.2 0.0

Financials 3.1 5.7


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





Currency Neutral

Morningstar fund categoryU.S. Small/Mid Cap Equity


Series A: DSC 2789

LL 2790

LL2 2791

Series B: ISC 2798

Series F: NL 2807


LL 2796

LL2 2797




LL 2793

LL2 2794



Series A: DSC 2817

LL 2818

LL2 2819

Series B: ISC 2834

Series F: NL 2837


LL 2832

LL2 2833




LL 2828

LL2 2829





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.



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



$0

$15,000

$30,000

$45,000

$60,000

$75,000

OCT-00 APR-20

FUNDBENCHMARK

$49,424


-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 BENCHMARK


Beta 0.63 —

R2 0.75 —


LOW LOW TO MEDIUM


HIGH









Healthcare Services Group – Industrials

Armstrong World Industries – Industrials

Genpact – Information Technology

Atmos Energy – Utilities

Total holdings 45


ALLOCATION2


MONTH12 MONTHS

AGO








Utilities 11.8 8.2


Real Estate 5.9 8.8


Financials 1.9 0.0


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerSteve MacMillan







Currency Neutral

Morningstar fund categoryU.S. Small/Mid Cap Equity


Series A: DSC 561

LL 861

LL2 061

Series B: ISC 261

Series F: NL 661


LL 1704

LL2 1705




LL 1701

LL2 1702



Series A: DSC 462

LL 862

LL2 062

Series B: ISC 762

Series F: NL 662


LL 1944

LL2 1945




LL 1941

LL2 1942





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.



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



$0

$10,000

$20,000

$30,000

$40,000

JAN-13 APR-20

FUNDBENCHMARK

$22,007


-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 BENCHMARK


Beta 1.00 —

R2 0.88 —


LOW LOW TO MEDIUM


HIGH



General Electric – Industrials

Wells Fargo – Financials

Comcast – Communication Services

Bank of America – Financials


Exxon Mobil – Energy

Walmart – Consumer Staples

Cisco Systems – Communication Services

Verizon Communications – Communication Services


Total holdings 150


ALLOCATION2


MONTH12 MONTHS

AGO











Energy 10.0 10.5



Materials 3.9 2.1

Real Estate 2.6 1.8


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerJohn Roth







Currency Neutral



Series A: DSC 1461

LL 1462

LL2 1463

Series B: ISC 1497

Series F: NL 1500


LL 1489

LL2 1490




LL 1466

LL2 1470



Series A: DSC 1543

LL 1544

LL2 1545

Series B: ISC 1580

Series F: NL 1583


LL 1574

LL2 1577




LL 1549

LL2 1553





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.



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



$0

$10,000

$20,000

$30,000

$40,000

NOV-12 APR-20

FUNDBENCHMARK

$23,860


-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 BENCHMARK


Beta 0.80 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH




Berkshire Hathaway – Financials





AT&T – Communication Services

McDonald's – Consumer Discretionary

Walt Disney – Communication Services

Exelon – Utilities

Total holdings 107


ALLOCATION2


MONTH12 MONTHS

AGO











Industrials 6.1 9.1

Utilities 5.6 4.7

Energy 5.5 8.0

Real Estate 1.7 2.7


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerRamona Persaud


Fund benchmarkRussell 3000 Value Index




Also offered throughT-SWP®

Currency NeutralSystematic Currency Hedged



Series A: DSC 905

LL 943

LL2 947

Series B: ISC 966

Series F: NL 978


LL 946

LL2 958




LL 944

LL2 954



Series A: DSC 1016

LL 1021

LL2 1049

Series B: ISC 986

Series F: NL 995


LL 1029

LL2 1053




LL 1024

LL2 1051





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.



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



$0

$10,000

$20,000

$30,000

$40,000

JAN-13 APR-20

FUNDBENCHMARK

$22,502


-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 BENCHMARK


Beta 0.80 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH













Total holdings 107


ALLOCATION2


MONTH12 MONTHS

AGO











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


Fund benchmarkRussell 3000 Value Index






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



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.



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



$0

$10,000

$20,000

$30,000

$40,000

OCT-00 APR-20

FUNDBENCHMARK

$24,095


-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 BENCHMARK


Beta 1.00 —

R2 0.85 —


LOW LOW TO MEDIUM


HIGH





Adobe – Information Technology

Nvidia – Information Technology

MasterCard – Information Technology


Eli Lilly – Health Care


Estée Lauder – Consumer Staples


Total holdings 50


ALLOCATION3


MONTH12 MONTHS

AGO








Industrials 8.1 8.0

Real Estate 6.9 5.5


Financials 5.3 17.1


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







Currency Neutral



Series A: DSC 534

LL 834

LL2 034

Series B: ISC 234

Series F: NL 634


LL 802

LL2 002



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



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)


FUNDMORNINGSTAR


1 month 16.90 1 12.02

3 month 4.02 1 1.30

Since inception 2.12 — -0.40


$0

$5,000

$10,000

$15,000

JAN-20 APR-20

FUNDBENCHMARK

$10,212


LOW LOW TO MEDIUM


HIGH









Tesla – Consumer Discretionary

Carvana – Consumer Discretionary


Uber – Industrials

Total holdings 168


ALLOCATION2

ASSET MIX (%) CURRENT MONTH

Foreign Equities 98.6

Other Investments 0.2

Cash & Other 1.2


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


Fund benchmarkRussell 1000 Growth Index1

NAVPU - Class F$10.21





Series A: DSC 6905

LL 6906

LL2 6907

Series B: ISC 6914

Series F: NL 6917


LL 6912

LL2 6913




LL 6909

LL2 6910



Series A: DSC 6932

LL 6933

LL2 6934

Series B: ISC 6941

Series F: NL 6944


LL 6939

LL2 6940




LL 6936

LL2 6937





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.



FUNDMORNINGSTAR

QUARTILE1 BENCHMARK

1 month 12.74 1 10.51

3 month -7.13 2 -5.82

6 month 0.30 2 1.10



$0

$5,000

$10,000

$15,000

JUN-19 APR-20

FUNDBENCHMARK

$10,366


-6%

-4%

-2%

0%

2%

YTD

-3.9

9

-4.0

5


LOW LOW TO MEDIUM


HIGH





AstraZeneca – Health Care

Accenture – Information Technology


Vertex Pharmaceuticals – Health Care

Anthem – Health Care

NASDAQ – Financials

Cisco systems – Communication Services


Total holdings 122


ALLOCATION1

ASSET MIX (%) CURRENT MONTH

Foreign Equities 96.5

Other Investments 0.8

Cash & Other 2.7


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






Systematic Currency Hedged



Series A: DSC 6671

LL 6672

LL2 6673

Series B: ISC 6680

Series F: NL 6683


LL 6678

LL2 6679




LL 6675

LL2 6676



Series A: DSC 6698

LL 6699

LL2 6700

Series B: ISC 6707

Series F: NL 6710


LL 6705

LL2 6706




LL 6702

LL2 6703





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.


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


$0

$5,000

$10,000

$15,000

JAN-19 APR-20

FUNDBENCHMARK

$10,767


-15%

-10%

-5%

0%

5%

YTD

-6.8

7

-12.

46


LOW LOW TO MEDIUM


HIGH










Manulife – Financials



Total holdings 126


ALLOCATION2


MONTH12 MONTHS

AGO










Utilities 6.9 4.1

Materials 6.6 3.8


Energy 3.7 4.5

Real Estate 2.9 4.4


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





Management expense ratio –Class F1.16%, as at November 30, 2019


Currency Neutral

Morningstar fund categoryNorth American Equity


Series A: DSC 6548

LL 6549

LL2 6550

Series B: ISC 6557

Series F: NL 6560


LL 6555

LL2 6556




LL 6552

LL2 6553



Series A: DSC 6564

LL 6565

LL2 6566

Series B: ISC 6573

Series F: NL 6576


LL 6571

LL2 6572




LL 6568

LL2 6569





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.



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



$0

$5,000

$10,000

$15,000

$20,000

OCT-15 APR-20

FUNDBENCHMARK

$14,657


-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 BENCHMARK


Beta 1.06 —

R2 0.92 —


LOW LOW TO MEDIUM


HIGH








Roper Technologies – Industrials


Charter Communications – Communication Services

Baxter International – Health Care

Arthur J. Gallagher & Co. – Financials

Total holdings 56


ALLOCATION2


MONTH12 MONTHS

AGO










Materials 7.9 7.2


Energy 3.9 6.6


Real Estate 1.9 2.6


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerDarren Lekkerkerker


Fund benchmark70% S&P 500 Index and 30% S&P/TSX Capped Composite Index





Morningstar fund categoryNorth American Equity


Series A: DSC 3469

LL 3470

LL2 3471

Series B: ISC 3478

Series F: NL 3481


LL 3476

LL2 3477




LL 3473

LL2 3474



Series A: DSC 3484

LL 3485

LL2 3486

Series B: ISC 3493

Series F: NL 3496


LL 3491

LL2 3492




LL 3488

LL2 3489





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

MAY-06 APR-20

FUNDBENCHMARK

$26,773


-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

Annual Standard Deviation4 14.31

Beta 1.18

R2 0.88


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION4


MONTH12 MONTHS

AGO











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


Fund benchmark1

MSCI AC Asia Pacific Index



Management expense ratio –Series F1.19%, as at September 30, 2019


Morningstar fund categoryAsia Pacific Equity


Series A: DSC 1508

LL 1808

LL2 1008

Series B: ISC 1208


Series A: DSC 1509

LL 1809

LL2 1009

Series B: ISC 1209

Series F: NL 1609



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.



FUNDMORNINGSTAR


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



$0

$15,000

$30,000

$45,000

$60,000

MAY-06 APR-20

FUNDBENCHMARK

$39,653


-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 BENCHMARK


Beta 0.89 —

R2 0.89 —


LOW LOW TO MEDIUM


HIGH



China Mobile – Communication Services

China Construction Bank – Financials


Industrial & Commercial Bank of China – Financials


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


ALLOCATION3


MONTH12 MONTHS

AGO







Energy 9.1 9.6

Industrials 7.3 7.1

Real Estate 6.7 6.2

Materials 5.5 5.5



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


Fund benchmark1

MSCI China Index Capped 10%





Morningstar fund categoryGreater China Equity


Series A: DSC 1506

LL 1806

LL2 1006

Series B: ISC 1206

Series F: NL 1606


LL 1893

LL2 1894




LL 1890

LL2 1891



Series A: DSC 1507

LL 1807

LL2 1007

Series B: ISC 1207

Series F: NL 1607



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.



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



$0

$15,000

$30,000

$45,000

$60,000

OCT-00 APR-20

FUNDBENCHMARK

$31,279


-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 BENCHMARK


Beta 0.94 —

R2 0.92 —


LOW LOW TO MEDIUM


HIGH




Samsung Electronics – 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


Total holdings 52


ALLOCATION3


MONTH12 MONTHS

AGO







Materials 11.0 6.6



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


Fund benchmarkMSCI Emerging Markets Index





Morningstar fund categoryEmerging Markets Equity


Series A: DSC 575

LL 875

LL2 075

Series B: ISC 275


Series A: DSC 476

LL 876

LL2 076

Series B: ISC 776

Series F: NL 676



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.



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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

OCT-00 APR-20

FUNDBENCHMARK

$16,825


-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 BENCHMARK


Beta 1.10 —

R2 0.92 —


LOW LOW TO MEDIUM


HIGH




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


ALLOCATION3


MONTH12 MONTHS

AGO










Energy 5.4 10.1

Utilities 3.0 1.4

Materials 2.2 2.7


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


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managersMatthew SiddleHelen Powell (co-portfolio manager)


Fund benchmarkMSCI Europe Index





Morningstar fund categoryEuropean Equity


Series A: DSC 428

LL 828

LL2 028

Series B: ISC 228


Series A: DSC 538

LL 838

LL2 038

Series B: ISC 748

Series F: NL 648



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.



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



$0

$15,000

$30,000

$45,000

$60,000

OCT-00 APR-20

FUNDBENCHMARK

$43,524


-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 BENCHMARK


Beta 0.94 —

R2 0.89 —


LOW LOW TO MEDIUM


HIGH







China Construction Bank – Financials


SK Hynix – Information Technology

Ping An Insurance – Financials

Kweichow Moutai – Consumer Staples

HKT Trust & HKT Ltd. – Communication Services

Total holdings 47


ALLOCATION3


MONTH12 MONTHS

AGO









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


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerBruce MacDonald


Fund benchmarkMSCI AC Far East, ex Japan Index





Morningstar fund categoryAsia Pacific ex-Japan Equity


Series A: DSC 537

LL 837

LL2 037

Series B: ISC 227

Series F: NL 627


LL 1744

LL2 1745




LL 1741

LL2 1742



Series A: DSC 422

LL 811

LL2 011

Series B: ISC 722

Series F: NL 622



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.



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



$0

$5,000

$10,000

$15,000

$20,000

APR-18 APR-20

FUNDBENCHMARK

$13,161


-5%

0%

5%

10%

15%

20%

25%

YTD2019

9.35

-4.0

5

23.6

4

24.4

0


LOW LOW TO MEDIUM


HIGH











Vertex Pharmaceuticals – Health Care

Crown Castle International – Real Estate

Total holdings 103


ALLOCATION1


MONTH12 MONTHS

AGO









Financials 5.6 6.0

Industrials 4.1 6.7

Materials 3.5 2.6

Real Estate 2.9 2.6


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







Currency Neutral

Morningstar fund categoryGlobal Equity


Series A: DSC 6263

LL 6264

LL2 6265

Series B: ISC 6272

Series F: NL 6283


LL 6270

LL2 6271




LL 6267

LL2 6268



Series A: DSC 6294

LL 6295

LL2 6296

Series B: ISC 6303

Series F: NL 6314


LL 6301

LL2 6302




LL 6298

LL2 6299





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.



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



$0

$15,000

$30,000

$45,000

$60,000

OCT-00 APR-20

FUNDBENCHMARK

$18,187


-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 BENCHMARK


Beta 1.04 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION5


MONTH12 MONTHS

AGO









Materials 6.6 11.5


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


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


Fund benchmark2

MSCI Frontier Emerging Markets Index




Morningstar fund categoryEmerging Markets Equity


Series A: DSC 551

LL 851

LL2 051

Series B: ISC 251


Series A: DSC 452

LL 342

LL2 042

Series B: ISC 752

Series F: NL 652



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

OCT-00 APR-20

FUNDBENCHMARK

$20,678


-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 BENCHMARK


Beta 1.04 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH






Charter Communications – Communication Services




E.ON – Utilities

Intercontinental Exchange – Financials

Deutsche Boerse – Financials

Total holdings 114


ALLOCATION3


MONTH12 MONTHS

AGO









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 (%)


Japan 8.7 8.1

Germany 6.4 4.4


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


Fund benchmark1

MSCI All Country World Index







Series A: DSC 530

LL 830

LL2 304

Series B: ISC 230

Series F: NL 630


LL 804

LL2 004




LL 1834

LL2 1334



Series A: DSC 427

LL 827

LL2 027

Series B: ISC 723

Series F: NL 623



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.



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



$0

$10,000

$20,000

$30,000

$40,000

JAN-02 APR-20

FUNDBENCHMARK

$18,856


-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 BENCHMARK


Beta 1.21 —

R2 0.89 —


LOW LOW TO MEDIUM


HIGH



Allison Transmission Holdings – Industrials

PTC – Information Technology

Finning – Industrials



Promotora y Operadora de Infraestructura – Industrials

Vipshop – Consumer Discretionary

Compass Group – Consumer Discretionary

Thai Beverage – Consumer Discretionary

Brenntag – Industrials

Total holdings 64


ALLOCATION3


MONTH12 MONTHS

AGO









Financials 7.7 15.3


Real Estate 3.2 0.0

Materials 1.8 3.7

COUNTRY MIX2 (%)



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


Fund benchmarkMSCI All Country World Index





Currency Neutral



Series A: DSC 507

LL 807

LL2 007

Series B: ISC 207

Series F: NL 607


LL 2363

LL2 2365




LL 2362

LL2 2364



Series A: DSC 409

LL 809

LL2 339

Series B: ISC 709

Series F: NL 609


LL 2374

LL2 2376




LL 2373

LL2 2375





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

JUL.-02 APR-20

FUNDBENCHMARK

$26,421


-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 BENCHMARK


Beta 1.05 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH









Nestlé – Consumer Staples

Becton Dickinson – Health Care

Marvell Technology Group – Information Technology

Lockheed Martin – Industrials

Total holdings 111


ALLOCATION3


MONTH12 MONTHS

AGO












Materials 4.2 4.8

Energy 3.3 6.1

Utilities 3.3 3.1

COUNTRY MIX4 (%)



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 benchmark1

MSCI All Country World Index





Currency Neutral



Series A: DSC 500

LL 800

LL2 008

Series B: ISC 200

Series F: NL 600


LL 300

LL2 009




LL 1829

LL2 1329



Series A: DSC 479

LL 879

LL2 079

Series B: ISC 779

Series F: NL 679



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

APR-07 APR-20

FUNDBENCHMARK

$18,736


-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 BENCHMARK


Beta 0.88 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH








American Tower – Real Estate


Hoya – Health Care

Amgen – Health Care


Total holdings 1,474


ALLOCATION3


MONTH12 MONTHS

AGO











Real Estate 10.0 11.9

Industrials 7.9 8.1



Energy 3.8 6.0

Utilities 2.5 2.2

COUNTRY MIX4 (%)



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


Subportfolio managersSteven Buller (equities)Ramona Persaud (equities)Jeff Moore (fixed-income)Michael Foggin (fixed-income)Andrew Lewis (fixed-income)









Series A: DSC 1540

LL 1840

LL2 1040

Series B: ISC 1240

Series F: NL 1640


LL 1850

LL2 1050




LL 1860

LL2 1060



Series A: DSC 1541

LL 1841

LL2 1041

Series B: ISC 1241

Series F: NL 1641



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.



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



$0

$5,000

$10,000

$15,000

JUN-18 APR-20

FUNDBENCHMARK

$10,356


-10%

0%

10%

20%

30%

YTD2019

-3.8

3

-8.9

4

19.3

8

22.5

5


LOW LOW TO MEDIUM


HIGH





Netflix – Communication Services







Okta – Information Technology

Total holdings 727


ALLOCATION1


MONTH12 MONTHS

AGO












Materials 3.6 3.1

Energy 1.8 2.6

COUNTRY MIX (%)


Japan 11.7 9.2


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


Fund factsPortfolio managersWill DanoffJoel TillinghastSalim Hart

Series inception dateJune 14, 2018

Fund benchmark50% S&P 500 Index and 50% MSCI World Small Cap Index





Currency Neutral



Series A: DSC 3312

LL 3313

LL2 3991

Series B: ISC 3998

Series F: NL 4001


LL 3996

LL2 3997




LL 3993

LL2 3994



Series A: DSC 4020

LL 4021

LL2 4022

Series B: ISC 4029

Series F: NL 4032


LL 4027

LL2 4028




LL 4024

LL2 4025





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.



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



$0

$5,000

$10,000

$15,000

$20,000

NOV-17 APR-20

FUNDBENCHMARK

$15,723


-10%

0%

10%

20%

30%

40%

50%

YTD20192018

14.4

2

6.44

41.3

2

29.7

8

-4.6

1

5.91


LOW LOW TO MEDIUM


HIGH









Okta – Information Technology

Zoom Video Communications – Information Technology

Tesla – Consumer Discretionary

Micron Technology – Information Technology

Total holdings 56


ALLOCATION1


MONTH12 MONTHS

AGO




Cash & Other -0.1 0.7





Health Care 9.5 6.7

Materials 8.0 0.0


Industrials 3.7 2.3

Financials 1.7 1.1

COUNTRY MIX (%)


Canada 14.4 10.2

Switzerland 1.4 0.0


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE


Subportfolio managerBrett Dley


Fund benchmarkNASDAQ Composite Index





Currency Neutral



Series A: DSC 5964

LL 5965

LL2 5966

Series B: ISC 5973

Series F: NL 5982


LL 5971

LL2 5972




LL 5968

LL2 5969



Series A: DSC 6108

LL 6109

LL2 6110

Series B: ISC 6117

Series F: NL 6126


LL 6115

LL2 6116




LL 6112

LL2 6113





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.



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



$0

$5,000

$10,000

$15,000

$20,000

MAY-15 APR-20

FUNDBENCHMARK

$13,472


-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 BENCHMARK


Beta 0.74 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION2


MONTH12 MONTHS

AGO











Materials 4.8 6.2



Energy 3.2 4.9

COUNTRY MIX (%)


Japan 24.2 18.2


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


Fund factsPortfolio managersJoel TillinghastSalim Hart


Fund benchmarkMSCI World Small Cap Index





Currency Neutral

Morningstar fund categoryGlobal Small/Mid Cap Equity


Series A: DSC 2919

LL 2920

LL2 2921

Series B: ISC 2928

Series F: NL 2931


LL 2926

LL2 2927




LL 2923

LL2 2924



Series A: DSC 2934

LL 2935

LL2 2936

Series B: ISC 2943

Series F: NL 2946


LL 2941

LL2 2942




LL 2938

LL2 2939





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.



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



$0

$10,000

$20,000

$30,000

$40,000

APR-11 APR-20

FUNDBENCHMARK

$24,250


-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 BENCHMARK


Beta 1.06 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH










Becton Dickinson – Health Care

Marvell Technology Group – Information Technology


Total holdings 111


ALLOCATION3


MONTH12 MONTHS

AGO












Materials 4.3 4.8

Energy 3.3 6.1

Utilities 3.3 3.1

COUNTRY MIX2 (%)



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 benchmarkMSCI All Country World Index





Currency Neutral



Series A: DSC 1033

LL 1034

LL2 1035

Series B: ISC 1036

Series F: NL 1037


LL 1012

LL2 1013




LL 1044

LL2 1045



Series A: DSC 1080

LL 1081

LL2 1082

Series B: ISC 1083

Series F: NL 1084



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.



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



$0

$10,000

$20,000

$30,000

APR-11 APR-20

FUNDBENCHMARK

$19,269


-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 BENCHMARK


Beta 1.00 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION3


MONTH12 MONTHS

AGO







Materials 11.6 8.2

Financials 9.9 13.0

Real Estate 9.5 9.6





Energy 1.6 2.9

COUNTRY MIX2 (%)


Japan 15.2 10.2


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


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerShah Badkoubei


Fund benchmarkMSCI All Country World Small Cap Index







Series A: DSC 1186

LL 1187

LL2 1188

Series B: ISC 1190


Series A: DSC 1193

LL 1194

LL2 1195

Series B: ISC 1196

Series F: NL 1197



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.



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



$0

$5,000

$10,000

$15,000

$20,000

JAN-17 APR-20

FUNDBENCHMARK

$16,510


-10%

0%

10%

20%

30%

YTD20192018

5.28

-2.8

4

22.3

2

28.6

0

5.33

-3.0

2


FUND BENCHMARK


Beta 1.01 —

R2 0.82 —


LOW LOW TO MEDIUM


HIGH













Total holdings 231


ALLOCATION2


MONTH12 MONTHS

AGO










Financials 7.6 12.7


Industrials 3.1 4.7

Materials 2.5 1.2

COUNTRY MIX (%)


Canada 1.8 1.1



STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerWill Danoff







Currency Neutral



Series A: DSC 5482

LL 5483

LL2 5484

Series B: ISC 5491

Series F: NL 5494


LL 5489

LL2 5490




LL 5486

LL2 5487



Series A: DSC 5501

LL 5502

LL2 5503

Series B: ISC 5510

Series F: NL 5513


LL 5508

LL2 5509




LL 5505

LL2 5506





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

MAY-06 APR-20

FUNDBENCHMARK

$12,289


-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 BENCHMARK


Beta 1.33 —

R2 0.87 —


LOW LOW TO MEDIUM


HIGH



Promotora y Operadora de Infraestructura – Industrials

Pandora – Consumer Discretionary

DCC – Industrials


Thai Beverage – Consumer Staples

Prosus – Consumer Discretionary





Total holdings 52


ALLOCATION4


MONTH12 MONTHS

AGO










Materials 2.9 5.4

Real Estate 2.2 0.0

COUNTRY MIX5 (%)


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


Fund benchmark2

MSCI EAFE + EM Index




Also offered throughCurrency Neutral

Morningstar fund categoryInternational Equity


Series A: DSC 1502

LL 1802

LL2 1002

Series B: ISC 1202


Series A: DSC 1503

LL 1803

LL2 1003

Series B: ISC 1203

Series F: NL 1603



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.



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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

MAY-06 APR-20

FUNDBENCHMARK

$13,672


-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 BENCHMARK


Beta 0.96 —

R2 0.92 —


LOW LOW TO MEDIUM


HIGH








London Stock Exchange Group – Financials


East Japan Railway – Industrials

Alfa Laval – Industrials

Linde – Materials

Total holdings 64


ALLOCATION2


MONTH12 MONTHS

AGO












Materials 6.9 7.4

Energy 5.2 7.0

Utilities 3.4 3.1

COUNTRY MIX3 (%)

Japan 13.2 11.8


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 benchmarkMSCI All Country World ex U.S. Index





Currency Neutral



Series A: DSC 1504

LL 1804

LL2 1004

Series B: ISC 1204

Series F: NL 1604


LL 1814

LL2 1014



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



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

OCT-00 APR-20

FUNDBENCHMARK

$17,149


-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 BENCHMARK


Beta 1.00 —

R2 0.92 —


LOW LOW TO MEDIUM


HIGH





ASML Holding – Information Technology


CSL Limited – Health Care


Keyence – Information Technology

Linde – Materials


MasterCard – Information Technology

Total holdings 94


ALLOCATION3


MONTH12 MONTHS

AGO










Materials 7.1 7.5



Real Estate 1.1 1.3

COUNTRY MIX4 (%)


Switzerland 13.7 10.0

Japan 12.3 13.8

Germany 6.0 6.8


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


Fund benchmark1

MSCI EAFE Growth (N) Index







Series A: DSC 570

LL 870

LL2 070

Series B: ISC 270

Series F: NL 670


LL 2342

LL2 2344




LL 2341

LL2 2343



Series A: DSC 470

LL 371

LL2 071

Series B: ISC 770

Series F: NL 671


LL 2353

LL2 2355




LL 2352

LL2 2354





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.


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


$0

$5,000

$10,000

$15,000

$20,000

OCT-00 APR-20

FUNDBENCHMARK

$8,348


-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 BENCHMARK


Beta 1.12 —

R2 0.80 —


LOW LOW TO MEDIUM


HIGH



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


Total holdings 46


ALLOCATION2


MONTH12 MONTHS

AGO








Financials 8.9 5.0



Materials 2.5 5.3


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerEileen Dibb


Fund benchmarkTokyo Stock Exchange Index (TOPIX)





Morningstar fund categoryGeographic Equity


Series A: DSC 821

LL 320

LL2 022

Series B: ISC 220


Series A: DSC 823

LL 813

LL2 023

Series B: ISC 720

Series F: NL 619



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.


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


$0

$10,000

$20,000

$30,000

$40,000

$50,000

OCT-02 APR-20

$37,076


-10%

0%

10%

20%

30%

YTD20192018201720162015

-4.0

0

6.11

-4.0

2

5.34

-0.8

3

26.3

7


FUND


Beta 0.76

R2 0.81


LOW LOW TO MEDIUM


HIGH



Ottogi – Consumer Staples



Gilead Sciences – Health Care


Seria – Consumer Discretionary



Simplo Technology – Information Technology

Fukuda Denshi – Health Care

Total holdings 628


ALLOCATION2


MONTH12 MONTHS

AGO











Energy 6.0 2.1

Financials 5.2 8.0

Materials 2.5 6.9

Utilities 1.5 0.0

COUNTRY MIX3 (%)


Japan 18.9 12.9

South Korea 10.9 9.4

Canada 5.8 3.3

China 5.0 3.8


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


Fund benchmarkNone





Currency Neutral



Series A: DSC 553

LL 853

LL2 053

Series B: ISC 253

Series F: NL 653


LL 353

LL2 343




LL 1862

LL2 1362



Series A: DSC 489

LL 319

LL2 398

Series B: ISC 789

Series F: NL 689



EQUITY SECTOR FUNDS AS AT APRIL 30, 2020


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.



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



$0

$15,000

$30,000

$45,000

$60,000

OCT-00 APR-20

FUNDBENCHMARK

$45,678


-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 BENCHMARK


Beta 0.92 —

R2 0.87 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION3


MONTH12 MONTHS

AGO






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 (%)


France 16.2 15.2

China 10.9 6.3

Switzerland 6.8 6.5


Germany 4.6 5.3

Japan 3.8 4.1


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


Fund benchmark1

MSCI AC World Consumer Industries Index





Morningstar fund categorySector Equity


Series A: DSC 512

LL 812

LL2 012

Series B: ISC 212


Series A: DSC 591

LL 891

LL2 091

Series B: ISC 291

Series F: NL 691



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

OCT-00 APR-20

FUNDBENCHMARK

$24,298


-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 BENCHMARK


Beta 0.97 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION3


MONTH12 MONTHS

AGO




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 (%)


China 7.1 6.3

France 6.8 5.9

Germany 6.0 5.7

Japan 5.2 4.2


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


Fund benchmark1

MSCI AC World Financials Index





Morningstar fund categoryFinancial Services Equity


Series A: DSC 548

LL 848

LL2 048

Series B: ISC 248


Series A: DSC 588

LL 388

LL2 088

Series B: ISC 288

Series F: NL 688



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.



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



$0

$10,000

$20,000

$30,000

$40,000

$50,000

OCT-00 APR-20

FUNDBENCHMARK

$32,404


-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 BENCHMARK


Beta 0.95 —

R2 0.90 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION3


MONTH12 MONTHS

AGO





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 (%)


Switzerland 10.9 11.0


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)


Fund benchmark1

MSCI AC World Health Care Index







Series A: DSC 599

LL 899

LL2 099

Series B: ISC 299


Series A: DSC 540

LL 840

LL2 344

Series B: ISC 240

Series F: NL 640



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

OCT-00 APR-20

FUNDBENCHMARK

$24,957


-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 BENCHMARK


Beta 0.98 —

R2 0.94 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION3


MONTH12 MONTHS

AGO





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 (%)


Canada 29.2 33.8


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


Fund benchmark1

MSCI AC World Natural Resources Index





Morningstar fund categoryNatural Resources Equity


Series A: DSC 577

LL 877

LL2 077

Series B: ISC 277


Series A: DSC 550

LL 850

LL2 050

Series B: ISC 250

Series F: NL 650



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.



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



$0

$10,000

$20,000

$30,000

MAY-06 APR-20

FUNDBENCHMARK

$18,136


-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 BENCHMARK


Beta 0.89 —

R2 0.99 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION,2


MONTH12 MONTHS

AGO




COUNTRY MIX (%)


Japan 10.1 10.7

Germany 7.4 5.4

Singapore 5.7 4.7


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


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Fund factsPortfolio managerSteven Buller


Fund benchmarkFTSE EPRA/NAREIT Developed (N) Index





Morningstar fund categoryReal Estate Equity


Series A: DSC 1501

LL 1801

LL2 1001

Series B: ISC 1201

Series F: NL 1601


LL 1821

LL2 1321




LL 1831

LL2 1331



Series A: DSC 1510

LL 1810

LL2 1010

Series B: ISC 1210

Series F: NL 1610



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.



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



$0

$10,000

$20,000

$30,000

OCT-00 APR-20

FUNDBENCHMARK

$23,691


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 BENCHMARK


Beta 0.95 —

R2 0.88 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION4


MONTH12 MONTHS

AGO




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 (%)


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


Fund benchmark2

MSCI All Country World Information Technology Index







Series A: DSC 597

LL 397

LL2 097

Series B: ISC 297


Series A: DSC 560

LL 860

LL2 060

Series B: ISC 260

Series F: NL 660



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.



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



$0

$5,000

$10,000

$15,000

$20,000

OCT-00 APR-20

FUNDBENCHMARK

$13,635


-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 BENCHMARK


Beta 1.15 —

R2 0.91 —


LOW LOW TO MEDIUM


HIGH



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


ALLOCATION,3


MONTH12 MONTHS

AGO




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 (%)


Japan 14.9 13.2

China 8.6 9.4

Germany 6.7 6.8


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


Fund benchmark1

MSCI All Country World Telecommunications Index







Series A: DSC 592

LL 892

LL2 092

Series B: ISC 292


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


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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

OCT-00 APR-20

FUNDBENCHMARK

$29,890


-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 BENCHMARK


Beta 0.89 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH




iShares Comex Gold Trust ETF – Materials











ALLOCATION3


MONTH12 MONTHS

AGO





High Yield Bonds 1.0 0.5





Materials 13.1 7.8

Energy 8.9 12.9





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.


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)







Morningstar fund categoryCanadian Equity Balanced


Series A: DSC 581

LL 381

LL2 081

Series B: ISC 281

Series F: NL 681


LL 889

LL2 089




LL 1889

LL2 1389





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

$50,000

OCT-00 APR-20

FUNDBENCHMARK

$37,281


-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 BENCHMARK


Beta 1.03 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH















ALLOCATION3


MONTH12 MONTHS

AGO











Industrials 7.2 7.7

Materials 6.4 6.1

Energy 5.3 7.2



Health Care 2.3 1.9

Utilities 1.2 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.


Subportfolio managersDarren Lekkerkerker (equities)Catriona Martin (fixed-income)Sri Tella (fixed-income)Harley J. Lank (high-yield)







Morningstar fund categoryCanadian Neutral Balanced


Series A: DSC 582

LL 382

LL2 082

Series B: ISC 282

Series F: NL 682


LL 369

LL2 087




LL 1879

LL2 1379





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

MAY-05 APR-20

FUNDBENCHMARK

$31,499


-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 BENCHMARK


Beta 0.89 —

R2 0.94 —


LOW LOW TO MEDIUM


HIGH



iShares 20+ Year Treasury Bond ETF – Financials




iShares Core MSCI EAFE ETF – Multi Sector



Enbridge – Energy





ALLOCATION4


MONTH12 MONTHS

AGO






Investment Grade CMBS 1.7 1.6




Financials 6.9 2.4

Energy 5.9 2.6

Materials 5.1 1.4


Utilities 2.9 2.3

Real Estate 2.7 2.3


Multi Sector 1.9 1.9


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.


Subportfolio managersDaniel Dupont (equities)Don Newman (equities)Catriona Martin (fixed-income)Sri Tella (fixed-income)Harley J. Lank (high-yield)1







Morningstar fund categoryCanadian Fixed Income Balanced


Series A: DSC 594

LL 394

LL2 094

Series B: ISC 294

Series F: NL 613


LL 313

LL2 013




LL 783

LL2 784





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

$50,000

NOV-03 APR-20

FUNDBENCHMARK

$33,757


-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 BENCHMARK


Beta 0.87 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH











Enbridge – Energy




ALLOCATION4


MONTH12 MONTHS

AGO











Energy 11.1 3.1

Financials 7.3 4.8



Utilities 4.0 3.7

Real Estate 3.5 3.1

Materials 3.4 3.0


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.


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 A: DSC 569

LL 869

LL2 069

Series B: ISC 269

Series F: NL 669


LL 819

LL2 019




LL 1819

LL2 1319





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.



1 month 6.45

3 month -4.03

6 month 0.60

1 year 1.76

2 year 5.86

3 year 5.10



$0

$5,000

$10,000

$15,000

$20,000

MAY-15 APR-20

$14,344


-5%

0%

5%

10%

15%

YTD2019201820172016

-2.0

4

12.4

5

3.84

7.88

1.54


FUND


Beta 0.86

R2 0.95


LOW LOW TO MEDIUM


HIGH





NextEra Energy – Utilities


Xcel Energy – Utilities








ALLOCATION2


MONTH12 MONTHS

AGO











Industrials 6.9 7.7

Financials 6.4 8.5

Materials 4.8 2.2

Utilities 4.4 4.2



Real Estate 1.6 2.2


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


Series A: DSC 2949

LL 2950

LL2 2951

Series B: ISC 2958

Series F: NL 2961


LL 2956

LL2 2957




LL 2953

LL2 2954



Series A: DSC 2965

LL 2966

LL2 2967

Series B: ISC 2974

Series F: NL 2977


LL 2972

LL2 2973




LL 2969

LL2 2970





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

NOV-12 APR-20

FUNDBENCHMARK

$20,411


-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 BENCHMARK


Beta 0.94 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH









NextEra Energy – Energy






ALLOCATION2,4


MONTH12 MONTHS

AGO









Financials 9.5 9.6

Health Care 8.0 7.0

Real Estate 7.2 8.2





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.


Subportfolio managersRamona Persaud (equities)Jeff Moore (fixed-income)Samuel Wald (fixed-income)Michael Plage (fixed-income)







Currency Neutral

Morningstar fund categoryGlobal Neutral Balanced


Series A: DSC 1315

LL 1322

LL2 1326

Series B: ISC 1330

Series F: NL 1336


LL 1325

LL2 1328




LL 1323

LL2 1327



Series A: DSC 1340

LL 1343

LL2 1347

Series B: ISC 1350

Series F: NL 1354


LL 1346

LL2 1349




LL 1345

LL2 1348





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

MAY-15 APR-20

FUNDBENCHMARK

$12,078


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 BENCHMARK


Beta 1.23 —

R2 0.90 —


LOW LOW TO MEDIUM


HIGH















ALLOCATION3


MONTH12 MONTHS

AGO










Materials 6.0 1.1

Financials 3.8 3.7


Energy 1.9 2.7

Industrials 1.8 1.9



Health Care 1.4 1.3


COUNTRY MIX (%)

Canada 53.0 56.0


Japan 3.0 3.3

Germany 2.6 1.3


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







Morningstar fund categoryGlobal Fixed Income Balanced


Series A: DSC 2723

LL 2724

LL2 2725

Series B: ISC 2732

Series F: NL 2735


LL 2730

LL2 2731




LL 2727

LL2 2728



Series A: DSC 2783

LL 2784

LL2 2785

Series B: ISC 2849

Series F: NL 2855


LL 2847

LL2 2848




LL 2787

LL2 2788





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

OCT-00 APR-20

FUNDBENCHMARK

$21,045


-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 BENCHMARK


Beta 1.07 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH



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


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


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)






Also offered throughT-SWP™

Morningstar fund categoryGlobal Equity Balanced


Series A: DSC 349

LL 849

LL2 049

Series B: ISC 249

Series F: NL 649


LL 329

LL2 029




LL 1859

LL2 1359



Series A: DSC 539

LL 839

LL2 039

Series B: ISC 729

Series F: NL 629



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

APR-07 APR-20

FUNDBENCHMARK

$19,916


-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 BENCHMARK


Beta 1.02 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH



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


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


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.


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)







Currency Neutral



Series A: DSC 1522

LL 1822

LL2 1022

Series B: ISC 1222

Series F: NL 1622


LL 1832

LL2 1032




LL 1852

LL2 1052



Series A: DSC 1523

LL 1823

LL2 1023

Series B: ISC 1223

Series F: NL 1623



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.



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



$0

$5,000

$10,000

$15,000

$20,000

MAY-14 APR-20

$14,437


-5%

0%

5%

10%

15%

20%

25%

YTD20192018201720162015

-0.8

5

6.78

1.38

1.80

2.21

21.2

7


FUND


Beta 1.02

R2 0.82


LOW LOW TO MEDIUM


HIGH



Ottogi – Consumer Staples



Gilead Sciences – Health Care


Seria – Consumer Discretionary



Simplo Technology – Information Technology

Fukuda Denshi – Health Care



ALLOCATION1


MONTH12 MONTHS

AGO






Futures, Options & Swaps 0.6 1.2





Health Care 6.4 5.8

Industrials 6.3 4.2



Financials 3.1 4.7

Energy 3.1 1.1

Materials 1.3 3.4

COUNTRY MIX (%)


Japan 9.6 6.4

South Korea 5.6 4.7


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


Series A: DSC 2346

LL 2349

LL2 2404

Series B: ISC 2407

Series F: NL 2410


LL 2403

LL2 2406




LL 2402

LL2 2405



Series A: DSC 2413

LL 2416

LL2 2419

Series B: ISC 2422

Series F: NL 2425


LL 2418

LL2 2421




LL 2417

LL2 2420





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.



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



$0

$5,000

$10,000

$15,000

$20,000

MAY-14 APR-20

$17,128


-5%

0%

5%

10%

15%

20%

25%

YTD20192018201720162015

1.86

16.6

3

4.83

-1.2

0

7.24

20.4

0


FUND


Beta 0.94

R2 0.88


LOW LOW TO MEDIUM


HIGH



U.S. Treasury Note 2.0%, 02/15/50 – Other

DHT Holdings – Energy




Coinmach – Consumer Discretionary


CCO Holdings – Communication Services

Cisco Systems – Communication Services

WB 5.8% – Financials

Total holdings 373


ALLOCATION1


MONTH12 MONTHS

AGO







SECTOR MIX (%)

Technology 15.0 16.6


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)


Fund benchmarkNone





Currency Neutral

Morningstar fund categoryTactical Balanced


Series A: DSC 2444

LL 2447

LL2 2450

Series B: ISC 2453

Series F: NL 2456


LL 2449

LL2 2452




LL 2448

LL2 2451



Series A: DSC 2459

LL 2462

LL2 2465

Series B: ISC 2468

Series F: NL 2472


LL 2464

LL2 2467




LL 2463

LL2 2466





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

APR-11 APR-20

FUNDBENCHMARK

$17,091


-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 BENCHMARK


Beta 0.99 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH

QUARTERLY TOP TEN ISSUERS


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


MONTH12 MONTHS

AGO


Inflation Protected Bonds 10.0 3.0

Commodities 9.7 0.0



Emerging Markets Debt 0.0 3.8


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.








Morningstar fund categoryTactical Balanced


Series A: DSC 1302

LL 1303

LL2 1304

Series B: ISC 1344

Series F: NL 1356


LL 1401

LL2 1402




LL 1396

LL2 1397



Series A: DSC 1415

LL 1416

LL2 1417

Series B: ISC 1418

Series F: NL 1419

FIXED-INCOME FUNDS AS AT APRIL 30, 2020


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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

OCT-00 APR-20

FUNDBENCHMARK

$26,393


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 BENCHMARK


Beta 1.10 —

R2 0.94 —


LOW LOW TO MEDIUM


HIGH

QUARTERLY TOP FIVE ISSUERS


Province of Ontario

Government of Canada

Province of Quebec

Province of Alberta

Canada Housing Trust No. 1

Total issuers 172


ALLOCATION3


MONTH12 MONTHS

AGO





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


Fund benchmark1

FTSE Canada Universe Bond Index




Morningstar fund categoryCanadian Fixed Income


Series A: DSC 533

LL 833

LL2 033

Series B: ISC 233

Series F: NL 633



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

OCT-00 APR-20

FUNDBENCHMARK

$20,022


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 BENCHMARK


Beta 1.04 —

R2 0.83 —


LOW LOW TO MEDIUM


HIGH




Province of Ontario


Royal Bank of Canada

Bank of Montreal

Total issuers 102


ALLOCATION3


MONTH12 MONTHS

AGO





SECTOR MIX (%)






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 benchmark1

FTSE Canada Short Term Bond Index




Morningstar fund categoryCanadian Short Term Fixed Income


Series A: DSC 585

LL 385

LL2 085

Series B: ISC 285

Series F: NL 685



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.



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



$0

$5,000

$10,000

$15,000

$20,000

SEP-10 APR-20

FUNDBENCHMARK

$14,556


-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 BENCHMARK


Beta 1.15 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH



Bell Canada

TransCanada Pipelines

Hydro One

Enbridge

Royal Bank of Canada

Total issuers 140


ALLOCATION2


MONTH12 MONTHS

AGO








Series inception dateSeptember 20, 2010

Fund benchmarkFTSE Canada All Corporate Bond Index (Capped at 5%)




Morningstar fund categoryCanadian Corporate Fixed Income


Series A: DSC 1631

LL 1632

LL2 1633

Series B: ISC 1634

Series F: NL 1635



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.



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



$0

$5,000

$10,000

$15,000

$20,000

MAY-12 APR-20

FUNDBENCHMARK

$13,106


-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 BENCHMARK


Beta 1.09 —

R2 0.80 —


LOW LOW TO MEDIUM


HIGH



Province of Ontario


Province of Quebec


Province of Alberta

Total issuers 58


ALLOCATION2


MONTH12 MONTHS

AGO






SECTOR MIX (%)






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


Fund benchmarkFTSE Canada Universe Bond Index






Series A: DSC 901

LL 902

LL2 903

Series B: ISC 797

Series F: NL 798



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.



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



$0

$5,000

$10,000

$15,000

NOV-04 APR-20

$12,384


0%

1%

2%

3%

YTD20192018201720162015

0.33

1.39

1.18

0.44

0.27

0.34


LOW LOW TO MEDIUM


HIGH

ALLOCATION3

ASSET MIX3 (%) CURRENT MONTH

Cash & Other 94.2

Canadian Bonds 5.8



1 month 0.04

3 month 0.23

6 month 0.60

1 year 1.57

2 year 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


0%

1%

2%

3%

YTD2019

0.35

1.95


LOW LOW TO MEDIUM


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



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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

$50,000

OCT-00 APR-20

FUNDBENCHMARK

$29,442


-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 BENCHMARK


Beta 1.02 —

R2 0.99 —


LOW LOW TO MEDIUM


HIGH



CCO Holdings Capital

CSC Holdings

Citigroup

Tenet Healthcare

Ally Financial

Total issuers 304


ALLOCATION4


MONTH12 MONTHS

AGO






SECTOR MIX (%)



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


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


Fund investment objective changeSeptember 13, 1999

Fund benchmark2

ICE BofA/ML U.S. High Yield Constrained Index – Hedged CAD





Morningstar fund categoryHigh Yield Fixed Income


Series A: DSC 555

LL 855

LL2 055

Series B: ISC 255


Series A: DSC 456

LL 346

LL2 056

Series B: ISC 756

Series F: NL 656



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.



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



$0

$5,000

$10,000

$15,000

$20,000

OCT-13 APR-20

FUNDBENCHMARK

$14,914


-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 BENCHMARK


Beta 0.97 —

R2 1.00 —


LOW LOW TO MEDIUM


HIGH



Bass Pro Shops

Asurion

Intelsat Jackson Holdings

TransDigm Group

Kronos

Total issuers 297


ALLOCATION2


MONTH12 MONTHS

AGO





SECTOR MIX (%)

Technology 13.9 15.3


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


Super Retail 4.1 4.3

Containers 3.8 4.0


Fund factsPortfolio managersEric MollenhauerKevin Nielsen


Fund benchmarkS&P/LSTA Leveraged Loan Index





Morningstar fund categoryFloating Rate Loan


Series A: DSC 2175

LL 2176

LL2 2177

Series B: ISC 2187


Series A: DSC 2178

LL 2179

LL2 2180

Series B: ISC 2190

Series F: NL 2191



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.



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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

APR-07 APR-20

FUNDBENCHMARK

$17,289


-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 BENCHMARK


Beta 0.82 —

R2 0.72 —


LOW LOW TO MEDIUM


HIGH



United States Treasury

Government of Japan

Federal Republic of Germany

Chicago Board of Trade

Volkswagen International Finance

Total issuers 180


ALLOCATION2


MONTH12 MONTHS

AGO






Cash & Other 1.8 -1.8

COUNTRY MIX (%)


Japan 14.9 15.7

Germany 12.4 3.0


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


Fund factsPortfolio managersMichael FogginAndrew LewisJeff Moore


Fund benchmarkBloomberg Barclays Global Aggregate Bond Index





Morningstar fund categoryGlobal Fixed Income


Series A: DSC 1525

LL 1825

LL2 1025

Series B: ISC 1225


Series A: DSC 1526

LL 1826

LL2 1026

Series B: ISC 1226

Series F: NL 1626



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.



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



$0

$5,000

$10,000

$15,000

$20,000

JAN-18 APR-20

FUNDBENCHMARK

$12,200


0%

5%

10%

15%

YTD2019

6.27

12.4

5

4.74

3.22


LOW LOW TO MEDIUM


HIGH




Morgan Stanley

Wells Fargo

Citigroup


Total issuers 125


ALLOCATION1


MONTH12 MONTHS

AGO








COUNTRY MIX (%)


Grand Cayman (UK Overseas Territory) 3.9 4.3


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


Fund factsPortfolio managersJeff MooreMichael Plage


Fund benchmarkBloomberg Barclays U.S. Aggregate Bond Index







Series A: DSC 6136

LL 6137

LL2 6138

Series B: ISC 6139


Series A: DSC 6152

LL 6153

LL2 6154

Series B: ISC 6155

Series F: NL 6156



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.


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



$0

$5,000

$10,000

$15,000

MAY-17 APR-20

FUNDBENCHMARK

$11,348


-5%

0%

5%

10%

15%

YTD20192018

5.62

12.4

5

6.56

12.0

3

7.13

-1.3

6


LOW LOW TO MEDIUM


HIGH





Government of Japan

Petroleos Mexicanos

Petrobras Global Finance

Total issuers 124


ALLOCATION1


MONTH12 MONTHS

AGO






Cash & Other -0.3 3.0

COUNTRY MIX (%)



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


Fund factsPortfolio managersJeff MooreMichael Plage


Fund benchmarkBloomberg Barclays U.S. Aggregate Bond Index







Series A: DSC 5721

LL 5722

LL2 5723

Series B: ISC 5724


Series A: DSC 5737

LL 5738

LL2 5739

Series B: ISC 5740

Series F: NL 5746



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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

MAY-15 APR-20

FUNDBENCHMARK

$12,948


-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 BENCHMARK


Beta 1.00 —

R2 0.91 —


LOW LOW TO MEDIUM


HIGH



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



ALLOCATION3


MONTH12 MONTHS

AGO





COUNTRY MIX (%)


Japan 2.6 2.7

Germany 2.1 0.0

Canada 1.9 2.6


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







Morningstar fund categoryHigh Yield Fixed Income


Series A: DSC 2712

LL 2713

LL2 2714

Series B: ISC 2715


Series A: DSC 2718

LL 2719

LL2 2720

Series B: ISC 2721

Series F: NL 2722

FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2020


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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

APR-07 APR-20

FUNDBENCHMARK

$19,163


-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 BENCHMARK


Beta 1.11 —

R2 0.97 —


LOW LOW TO MEDIUM


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.










Series A: DSC 2501

LL 2801

LL2 2001

Series B: ISC 2201

Series F: NL 2601


LL 2811

LL2 2011




LL 2821

LL2 2021





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

APR-07 APR-20

FUNDBENCHMARK

$19,549


-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 BENCHMARK


Beta 1.20 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)




1.3Fidelity Dividend Fund





6.1U.S. Equities





9.6Fidelity Global Dividend Investment Trust









9.3Fidelity Canadian Short Term Fixed Income Multi-Asset Base Fund

4.4iShares TIPS Bond ETF



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 Global High Yield Multi-Asset Base Fund





-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.










Series A: DSC 2502

LL 2802

LL2 2002

Series B: ISC 2202

Series F: NL 2602


LL 2812

LL2 2012




LL 2822

LL2 2022





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

APR-07 APR-20

FUNDBENCHMARK

$19,754


-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 BENCHMARK


Beta 1.05 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)








6.5U.S. Equities


2.3Fidelity Insights Investment Trust







1.7Fidelity International Equity Investment Trust


0.6MSCI EAFE Futures









1.0High-Yield Debt





1.6iShares Core S&P Total U.S. Stock Market ETF



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.










Series A: DSC 2503

LL 2803

LL2 2003

Series B: ISC 2203

Series F: NL 2603


LL 2813

LL2 2013




LL 2823

LL2 2023





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

APR-07 APR-20

FUNDBENCHMARK

$19,844


-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 BENCHMARK


Beta 1.14 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)








14.5U.S. Equities


3.6Fidelity U.S. Focused Stock Fund


















1.5High-Yield Debt

0.5Fidelity Emerging Markets Debt Multi-Asset Base Fund





1.8iShares Core S&P Total U.S. Stock Market ETF



-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.










Series A: DSC 2504

LL 2804

LL2 2004

Series B: ISC 2204

Series F: NL 2604


LL 2814

LL2 2014




LL 2824

LL2 2024





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

APR-07 APR-20

FUNDBENCHMARK

$21,423


-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 BENCHMARK


Beta 0.95 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)








11.6U.S. Equities

















0.5High-Yield Debt





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.










Series A: DSC 2505

LL 2805

LL2 2005

Series B: ISC 2205

Series F: NL 2605


LL 2815

LL2 2015




LL 2825

LL2 2025





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.



FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

APR-07 APR-20

FUNDBENCHMARK

$21,955


-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 BENCHMARK


Beta 0.99 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)








23.5U.S. Equities



5.7Fidelity U.S. Focused Stock Fund













0.5High-Yield Debt




2.4Other


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.










Series A: DSC 2506

LL 2806

LL2 2006

Series B: ISC 2206

Series F: NL 2606


LL 2816

LL2 2016




LL 2826

LL2 2026





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

NOV-16 APR-20

FUNDBENCHMARK

$12,108


-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 BENCHMARK


Beta 0.88 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH




United States Treasury Bond

Fidelity Canadian Short Term Bond Fund

Fidelity Canadian Bond Fund



Province of Ontario


Fidelity High Income Commercial Real Estate Multi-Asset Base Fund

Province of Quebec

Total issuers 228


ALLOCATION3


MONTH12 MONTHS

AGO









Financials 9.0 9.6

Materials 7.5 5.8

Industrials 7.4 6.5



Health Care 5.9 4.2


Utilities 4.7 5.1


Real Estate 2.5 4.6

COUNTRY MIX (%)

Canada 41.9 40.8


Japan 7.7 5.4


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.










Series A: DSC 5190

LL 5254

LL2 5257

Series B: ISC 5260

Series F: NL 5263


LL 5256

LL2 5259




LL 5255

LL2 5258



Series A: DSC 5271

LL 5274

LL2 5277

Series B: ISC 5280

Series F: NL 5283


LL 5276

LL2 5279




LL 5275

LL2 5278





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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

NOV-16 APR-20

FUNDBENCHMARK

$11,947


0%

5%

10%

15%

YTD201920182017

1.55

1.40

10.3

4

12.1

7

0.57

0.29

5.56

6.44


FUND BENCHMARK


Beta 0.94 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH



Fidelity Canadian Short Term Bond Fund

Fidelity Canadian Bond Fund


United States Treasury Bond




Province of Ontario

Fidelity High Income Commercial Real Estate Multi-Asset Base Fund

Province of Quebec

Total issuers 228


ALLOCATION3


MONTH12 MONTHS

AGO










Materials 6.1 4.4

Financials 6.0 6.3

Industrials 4.8 4.1



Health Care 3.8 2.6

Utilities 3.3 3.5


Real Estate 1.8 3.2


COUNTRY MIX (%)

Canada 53.8 53.2


Japan 4.8 3.3


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.










Series A: DSC 5290

LL 5293

LL2 5296

Series B: ISC 5299

Series F: NL 5302


LL 5295

LL2 5298




LL 5294

LL2 5297



Series A: DSC 5310

LL 5313

LL2 5316

Series B: ISC 5319

Series F: NL 5322


LL 5315

LL2 5318




LL 5314

LL2 5317



LIFECYCLE FUNDS AS AT APRIL 30, 2020


Fidelity ClearPath® Income Portfolio1, Series F

The objective of the portfolio is to seek current income and capital appreciation.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

NOV-05 APR-20

FUNDBENCHMARK

$19,078


-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 BENCHMARK


Beta 1.02 —

R2 0.96 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)





0.5Fidelity Dividend Multi-Asset Base Fund




2.3Fidelity International Disciplined Equity® Fund


2.2Fidelity International Equity 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


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 A: DSC 444

LL 333

LL2 307

Series B: ISC 777

Series F: NL 111


LL 311

LL2 378



LL 1811

LL2 1311




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.



FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

NOV-05 APR-20

FUNDBENCHMARK

$19,794


-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 BENCHMARK


Beta 1.01 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







0.6U.S. Equities

0.2Fidelity American Disciplined Equity® Fund



0.1Fidelity U.S. Dividend Investment Trust











1.1High-Yield Debt


16.9Short-Term Debt















Series A: DSC 405

LL 305

LL2 306

Series B: ISC 705

Series F: NL 005


LL 351

LL2 357



LL 1851

LL2 1351








FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

$25,000

NOV-05 APR-20

FUNDBENCHMARK

$20,463


-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 BENCHMARK


Beta 1.01 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







1.9U.S. Equities















1.2High-Yield Debt


9.6Short-Term Debt















Series A: DSC 410

LL 310

LL2 318

Series B: ISC 710

Series F: NL 010


LL 361

LL2 316



LL 1861

LL2 1361








FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

NOV-05 APR-20

FUNDBENCHMARK

$22,199


-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 BENCHMARK


Beta 0.99 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







5.6U.S. Equities















1.2High-Yield Debt


6.7Short-Term Debt













Morningstar fund categoryShort Term Target Date Portfolio


Series A: DSC 415

LL 315

LL2 314

Series B: ISC 715

Series F: NL 015


LL 2871

LL2 2371



LL 2571

LL2 2671








FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

NOV-05 APR-20

FUNDBENCHMARK

$23,342


-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 BENCHMARK


Beta 0.97 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







9.7U.S. Equities















1.2High-Yield Debt


3.9Short-Term Debt













Morningstar fund categoryShort Term Target Date Portfolio


Series A: DSC 402

LL 302

LL2 057

Series B: ISC 702

Series F: NL 020


LL 2869

LL2 2872



LL 2863

LL2 2865








FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

NOV-05 APR-20

FUNDBENCHMARK

$24,988


-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 BENCHMARK


Beta 0.96 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







13.7U.S. Equities















1.2High-Yield Debt












Morningstar fund category2025 Target Date Portfolio


Series A: DSC 425

LL 325

LL2 067

Series B: ISC 725

Series F: NL 025







FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

NOV-05 APR-20

FUNDBENCHMARK

$25,347


-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 BENCHMARK


Beta 0.95 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







16.9U.S. Equities















1.2High-Yield Debt





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.









Series A: DSC 430

LL 330

LL2 338

Series B: ISC 730

Series F: NL 030







FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

NOV-05 APR-20

FUNDBENCHMARK

$26,930


-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 BENCHMARK


Beta 0.93 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







20.7U.S. Equities















1.2High-Yield Debt





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.









Series A: DSC 435

LL 336

LL2 334

Series B: ISC 735

Series F: NL 035







FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

NOV-05 APR-20

FUNDBENCHMARK

$27,130


-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 BENCHMARK


Beta 0.92 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







26.1U.S. Equities















1.2High-Yield Debt












Morningstar fund category2035+ Target Date Portfolio


Series A: DSC 440

LL 340

LL2 324

Series B: ISC 740

Series F: NL 040







FUNDMORNINGSTAR


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



$0

$10,000

$20,000

$30,000

$40,000

NOV-05 APR-20

FUNDBENCHMARK

$27,435


-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 BENCHMARK


Beta 0.92 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







26.1U.S. Equities















1.2High-Yield Debt














Series A: DSC 445

LL 345

LL2 043

Series B: ISC 745

Series F: NL 045







FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

JUL.-14 APR-20

FUNDBENCHMARK

$14,261


-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 BENCHMARK


Beta 0.92 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







26.1U.S. Equities















1.2High-Yield Debt














Series A: DSC 2540

LL 2541

LL2 2542

Series B: ISC 2543

Series F: NL 2544







FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

$20,000

JUL.-14 APR-20

FUNDBENCHMARK

$14,245


-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 BENCHMARK


Beta 0.92 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







26.1U.S. Equities















1.2High-Yield Debt














Series A: DSC 2546

LL 2547

LL2 2548

Series B: ISC 2549

Series F: NL 2551



Fidelity ClearPath® 2060 Portfolio, Series F




FUNDMORNINGSTAR


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



$0

$5,000

$10,000

$15,000

MAY-18 APR-20

FUNDBENCHMARK

$10,453


-10%

-5%

0%

5%

10%

15%

20%

YTD2019

-6.7

4

-7.7

7

19.2

3

19.5

6


LOW LOW TO MEDIUM


HIGH

ALLOCATION TO FUNDS

AS AT MARCH 31, 2020 (%)







26.1U.S. Equities















1.2High-Yield Debt





-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.









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


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.


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


Growth of $1,000,000 since inception4Growth of $1,000,000 since inception4

$0M

$1M

$2M

$3M

OCT-09 APR-20

POOLBENCHMARK

$1.969M


-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


Beta 0.89 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH

QUARTERLY TOP TEN HOLDINGS1








Franco-Nevada – Materials


Canadian National Railway – Industrials


Total holdings 83


ALLOCATION1,4


MONTH12 MONTHS

AGO




SECTOR MIX3 (%)


Materials 13.9 10.0

Energy 11.9 19.0




Utilities 5.2 3.5


Real Estate 3.1 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


Pool benchmarkS&P/TSX Capped Composite Index


Pool aggregate assets (all classes)$264.3 million




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 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.



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



$0M

$1M

$2M

$3M

OCT-09 APR-20

POOLBENCHMARK

$2.161M


-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 BENCHMARK


Beta 0.87 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH










Franco-Nevada – Materials



Total holdings 52


ALLOCATION1,3


MONTH12 MONTHS

AGO




SECTOR MIX (%)


Materials 14.0 9.8

Energy 11.8 19.4


Industrials 9.3 7.9


Utilities 5.3 3.1


Real Estate 3.2 2.7


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


Pool benchmarkS&P/TSX Capped Composite Index







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 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.



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



$0M

$1M

$2M

$3M

MAY-12 APR-20

POOLBENCHMARK

$2.063M


-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 BENCHMARK


Beta 0.60 —

R2 0.70 —


LOW LOW TO MEDIUM


HIGH











TMX Group – Financials

Loblaw – Consumer Staples

Total holdings 54


ALLOCATION1,3


MONTH12 MONTHS

AGO





SECTOR MIX (%)

Energy 31.0 0.0




Industrials 4.9 5.4


Health Care 2.1 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


Pool benchmark70% S&P/TSX 60 Capped Index and 30% S&P 500 Index


Pool aggregate assets (all classes)$1.033 billion





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 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.



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



$0M

$1M

$2M

$3M

OCT-13 APR-20

POOLBENCHMARK

$1.904M


-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 BENCHMARK


Beta 0.80 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH













Total holdings 107


ALLOCATION2


MONTH12 MONTHS

AGO











Industrials 6.1 9.1

Utilities 5.6 4.7

Energy 5.5 8.0

Real Estate 1.7 2.7


STYLESTYLESECTOR

DEVIATIONSECTOR

DEVIATIONMARKET

CAP FOCUSMARKET

CAP FOCUS

VALUE MINIMAL SMALL

BLEND MODERATE MID

GROWTH WIDE LARGE

Pool factsPortfolio managerRamona Persaud


Pool benchmarkRussell 3000 Value Index


Pool aggregate assets (all series)$29.2 million





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 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.



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



$0.0M

$1.5M

$3.0M

$4.5M

$6.0M

OCT-09 APR-20

POOLBENCHMARK

$3.681M


-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 BENCHMARK


Beta 1.02 —

R2 0.98 —


LOW LOW TO MEDIUM


HIGH













Total holdings 108


ALLOCATION1,3


MONTH12 MONTHS

AGO



SECTOR MIX (%)






Industrials 8.0 9.5


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


Pool benchmarkS&P 500 Index





Currency Neutral



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 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.



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



$0M

$1M

$2M

$3M

OCT-09 APR-20

POOLBENCHMARK

$1.656M


-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 BENCHMARK


Beta 1.29 —

R2 0.85 —


LOW LOW TO MEDIUM


HIGH





DCC – Industrials



Prosus – Consumer Discretionary


Thai Beverage – Consumer Staples

Temenos – Information Technology

Spectris – Information Technology

Total holdings 51


ALLOCATION1,3


MONTH12 MONTHS

AGO



SECTOR MIX (%)







Materials 3.2 5.2

Real Estate 2.2 0.0

COUNTRY MIX (%)


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


Pool benchmarkMSCI EAFE Index





Currency Neutral



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 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.


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



$0M

$1M

$2M

$3M

$4M

OCT-09 APR-20

POOLBENCHMARK

$2.441M


-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 BENCHMARK


Beta 1.24 —

R2 0.92 —


LOW LOW TO MEDIUM


HIGH



Allison Transmission Holdings – Industrials

PTC – Information Technology

Finning – Industrials





Temenos – Information Technology



Total holdings 65


ALLOCATION1,4


MONTH12 MONTHS

AGO




SECTOR MIX (%)





Financials 7.8 16.6


Real Estate 3.2 0.0

Materials 1.3 3.6

COUNTRY MIX (%)



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


Pool benchmarkMSCI All Country World Index2





Currency Neutral



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 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.



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



$0M

$1M

$2M

OCT-09 APR-20

POOLBENCHMARK

$1.554M


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 BENCHMARK


Beta 1.10 —

R2 0.94 —


LOW LOW TO MEDIUM


HIGH

QUARTERLY TOP FIVE ISSUERS1


Province of Ontario


Province of Quebec

Province of Alberta


Total issuers 172


ALLOCATION1,3


MONTH12 MONTHS

AGO





SECTOR MIX (%)






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


Pool benchmarkFTSE Canada Universe Bond Index






Series B: 9015

Series I: 9315

Series F: 9615U.S. DOLLAR

Series B: 1924

Series I: 1928

Series F: 1926



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.



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



$0M

$1M

$2M

MAY-12 APR-20

POOLBENCHMARK

$1.306M


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 BENCHMARK


Beta 1.09 —

R2 0.81 —


LOW LOW TO MEDIUM


HIGH



Province of Ontario


Province of Quebec


Province of Alberta

Total issuers 58


ALLOCATION1,3


MONTH12 MONTHS

AGO






SECTOR MIX (%)






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


Pool benchmarkFTSE Canada Universe Bond Index






Series B: 904

Series I: 918

Series F: 916



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.


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



$0.0M

$0.5M

$1.0M

$1.5M

OCT-09 APR-20

$1.082M


0%

1%

2%

3%

YTD20192018201720162015

0.34

1.43

1.25

0.50

0.32

0.40


LOW LOW TO MEDIUM


HIGH



Storm King Funding

National Bank of Canada

BNP Paribas

Sumitomo Mitsui Banking

Ontario Teachers' Finance Trust

Total issuers 18


ALLOCATION1,2


MONTH12 MONTHS

AGO



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


Pool benchmarkNone




Morningstar fund categoryCanadian Money Market


Series B: 9016

Series I: 9316

Series F: 9616

Series D: 9716



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.



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



$0M

$1M

$2M

$3M

DEC-11 APR-20

POOLBENCHMARK

$1.736M


-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 BENCHMARK


Beta 0.88 —

R2 0.92 —


LOW LOW TO MEDIUM


HIGH















ALLOCATION3


MONTH12 MONTHS

AGO









Materials 9.0 6.1

Financials 8.7 10.1


Energy 4.6 4.8

Industrials 4.3 4.3




Health Care 2.6 1.7

Utilities 1.0 1.1

COUNTRY MIX (%)

Canada 43.6 45.2


Japan 3.9 2.8

China 3.3 3.0

Germany 2.7 1.6


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





Currency Neutral



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 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.



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



$0M

$1M

$2M

$3M

OCT-09 APR-20

POOLBENCHMARK

$1.967M


-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 BENCHMARK


Beta 1.05 —

R2 0.97 —


LOW LOW TO MEDIUM


HIGH



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


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


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.








Currency Neutral



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 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 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.



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



$0M

$1M

$2M

$3M

OCT-09 APR-20

POOLBENCHMARK

$1.786M


-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 BENCHMARK


Beta 1.16 —

R2 0.95 —


LOW LOW TO MEDIUM


HIGH



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


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


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.








Currency Neutral



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 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 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.



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



$0M

$1M

$2M

NOV-14 APR-20

POOLBENCHMARK

$1.278M


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 BENCHMARK


Beta 1.21 —

R2 0.91 —


LOW LOW TO MEDIUM


HIGH















ALLOCATION3


MONTH12 MONTHS

AGO










Materials 5.8 1.1

Financials 3.5 3.6



Industrials 1.7 1.7

Energy 1.6 2.4

Health Care 1.4 1.4



COUNTRY MIX (%)

Canada 53.4 56.5


Japan 3.0 3.3

Germany 2.6 1.3


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 B: 2705

Series S8: 2772

Series S5: 2770

Series I: 2707

Series I8: 2776

Series I5: 2775

Series F: 2706

Series F8: 2774


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 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.



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



$0.0M

$0.5M

$1.0M

$1.5M

NOV-17 APR-20

POOLBENCHMARK

$1.101M


-5%

0%

5%

10%

15%

YTD20192018

-1.4

5

0.44

10.8

2

10.7

8

1.37

2.54


LOW LOW TO MEDIUM


HIGH



iShares Barclays Short Treasury Bond ETF – Financials


iShares Core S&P 500 ETF – Multi Sector










ALLOCATION2


MONTH12 MONTHS

AGO








Financials 15.8 8.9



Health Care 6.4 4.9

Materials 6.3 2.3

Industrials 5.3 5.7



Multi Sector 2.2 4.0

Energy 1.5 3.0

COUNTRY MIX (%)


Japan 8.0 7.5

China 6.1 3.5

Germany 5.9 2.6


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.








Currency Neutral



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 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 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.



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



$0M

$1M

$2M

$3M

OCT-13 APR-20

POOLBENCHMARK

$1.955M


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 BENCHMARK


Beta 1.08 —

R2 0.93 —


LOW LOW TO MEDIUM


HIGH










iShares 20+ Year Treasury Bond ETF – Financials



Total holdings 963


ALLOCATION3


MONTH12 MONTHS

AGO










Health Care 9.0 6.0


Materials 5.2 1.2


Industrials 3.4 3.9


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 benchmarkBlended Index1







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 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


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)


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


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.


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


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




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.



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



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




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


At-a-glance, continued FUND CODES MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY)


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® 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® 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 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


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.




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 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


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




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.




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




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 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.




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 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



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


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


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

Sanjiv Malik (416) 805-8476

Aaron Martin (416) 802-2987

Robert New (416) 735-2939

Christopher Roe (416) 577-4881

Ahmad Sultan (613) 327-9892

Lee Taylor (416) 819-8393

Jonathan Verity (416) 525-6585

Peter Wloka (416) 575-5585

Ontario West VICE-PRESIDENT, REGIONAL SALES

Dave Bushnell DISTRICT VICE-PRESIDENTS

Stephen Bebber (416) 951-7408

Sean Crockett (416) 458-3827

John Hollingshead (416) 553-0902

Jordan Kaczmarzyk (416) 833-2813

Michael Karkour (519) 280-0208

Myles Peterkin (416) 347-6410

Catharine Prange (416) 735-6099

Alvin Ranchhod (647) 237-4342

Sean Seguin (416) 460-1948

Shirley Thai (905) 516-4855

Ognjen Todorovic (519) 871-2476

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

Saskatchewan, Manitoba & Alberta 407 2nd Street S.W. Suite 820 Calgary, AB T2P 2Y31 888 499-4908 (403) 269-6827 (403) 269-6896 fax

Ontario483 Bay Street Suite 300 Toronto, ON M5G 2N71 800 387-0074 (416) 307-5300 (416) 307-5253 fax

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

Geoffrey Ward 1 844 377-7048

Alexander Natalizio (416) 307-5337

Brendan Sims (416) 307-7196

Nicole Zammit 1 888 254-3573

Sebastian Meltzer (416) 307-7478

Claudine Uzcategui (416) 217-7417

Cameron Wicks 1 855 217-7305

Thomas Corey 1 866 458-5268

Jeremy De Souza 1 888 347-7820

Joseph Martinez (416) 217-7067

Gus Grier (416) 307-5348


Nathan Histed (416) 217-7323

Jeremy Miao 1 866 515-3755

Paaras Wadhwa 1 855 217-7395

Matthew Chornaby 1 866 695-3940

Laura Pinter 1 888 736-3904

Alexander Kwok 1 855 553-5578

Jason Kun 1 866 218-1161

Mark Verrilli 1 866 395-6631

Lisa Downey 1 888 913-4778

James Robertson 1 800 526-4837

Ryan Siegel 1 866 619-7003

Western Canada VICE-PRESIDENT, REGIONAL SALES

Gord Thomson

Prairies DISTRICT VICE-PRESIDENTS

Thomas Caulfield (403) 463-2345

Taylor Duncan-Barr (604) 808-7250

William Eveleigh (204) 583-7877

Micah Landes (403) 478-4271

Shane Paikin (204) 795-2779

Philippe Potvin (780) 485-7572

Lauren Stan (306) 220-6980

Michael Stinton (587) 357-4552

Jaymal Tailor (403) 589-2611

British Columbia DISTRICT VICE-PRESIDENTS

Tom Hanger (604) 679-9799

Patrick Hawkins (778) 772-4701

Bruce McAdie (604) 787-0151

Shea McEachrane-Johnson (778) 233-7232

Thomas Mills (306) 220-6980

Gregory Nicholson (778) 836-3200

Jefferey Paling (604) 340-7144

Murray Porubanec (250) 469-3749

Jonathan Roberts (604) 787-2508


Jill Hacking 1 866 898-7999

Katherine Wagner 1 877 631-8365

Jessie Dawe 1 855 531-8354

Dallin Beloglowka 1 855 231-8368

Kate Bako 1 866 656 7707

James Underdahl 1 855 231-8374

Aaron Hadley 1 866 578-9787

Nicole Arnold 1 855 231-8361

Kirsten Ulveland 1 844 331-8358


Tarah Domingo 1 855 447-2026

Adam Phillips 1 866 394-8884

Geoffrey Boulton 1 866 744-8438

Devon Mahussier 1 855 231-6601

Gurjeet Anmole (604) 647-2036

Crystal Huang 1 888 347-7841

Adam Dickson (604) 647-2009

Taylor Lee 1 855 231-5001

Jaime Ethier 1 844 580-9133

Quebec and Atlantic VICE-PRESIDENT, REGIONAL SALES

Charles DanisQuebecDISTRICT VICE-PRESIDENTS

Julien Brosseau (514) 220-5604

Hugo Tellez Chavez (514) 229-9103

Pier-Alexandre Drouin (514) 213-8918

Louis Groleau (514) 910-5998

Lucas Hineson (514) 292-0403

Rachel Lemay (514) 237-2929

Ghislain Maillet (514) 994-0844

Alexandre Monahan (514) 236-8386

Michael Pelletier (438) 337-9428

Stephane Pitre (514) 605-3866

Philippe Poulin (418) 670-4846

Santino De Toni (514) 891-6553

Atlantic regionTodd Green (902) 499-6889

Tyler Ness (902) 499-7671

Jean-Claude Sullivan (506) 233-5211


Marc-Antoine Brunet 1 866 788-9188

Justin Spino (514) 866-7387

Philippe Podtetenev 1 855 866-7302

Marilyne Bardaji 1 855 866-0888

Jean-Francois Grondin (514) 866-7396

Zakarya El Haffaf 1 800 265-0800

Steven Lepage 1 866 309-3440

Pascal Nuamah 1 800 265-0800

Catherine Parent-Dufault 1 866 266-7366

Sebastien Faucher 1 877 666-0662

Claudel Caron Prevost 1 877 280-8810

Paul Blanc-Paque 1 866 508-7317

Anthony Massarelli 1 866 779-5250

Daniel Shakibaian 1 855 966-5654

Alexander Bergamin 1 877 866-7321



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 collateral 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%.

© 2020 Fidelity Investments Canada ULC. All rights reserved. Reproduction in whole or in part by any means prior to written consent from Fidelity Investments Canada ULC is forbidden. All trademarks and service marks appearing in this document belong to Fidelity Investments Canada ULC.

MarketPulse is a registered trademark of Fidelity Investments Canada ULC.

Source: FMR LLC.

© 2020 Fidelity Investments Canada ULC. All rights reserved. Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC. 306569-v2020331

Your clients work hard to get ahead.Fidelity can help them

weather uncertain times

Ask your Fidelity representative.fidelity.ca/Toolkit

STAY AHEAD

F IDEL ITY ’S MONTHLY FUND UPDATE FOR ADVISORS | JUNE 2020FOORR ADVIISSOORRSS || JJUUNEE 2200220

FOR ADVISOR USE ONLY

For more information

n visit fidelity.ca

n call Fidelity Client Relations at 1 800 263-4077

n fax at 1 800 387-8092

61.110295E 336024-v2020521

fidelity’s monthly fund update for advisors | for adv ... · equity funds as at april 30, 2020 1...

Documents