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WHERE PROSPERITY BELONGS MINIMUM INVESTMENT $150,000

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Page 1: The Fidelity way · Fidelity Private Investment Program offers ... equities and fixed-income securities. solution investing primarily in a mix of equities, fixed-income

662358.10.0 SAL-23622 11/17 61.110558E

1 Source: Fidelity Investments Canada ULC as at June 30, 2017.

Read a fund’s or pool’s investment prospectus and consult your advisor before investing. Mutual funds and pools are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss.Currency neutral Pools use derivatives to mitigate the Pools’ exposure to changes in exchange rates between developed market currencies and the Canadian dollar. The investment approach, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The Pools’ returns will differ from the local currency returns of their underlying investments.While the Pool is typically managed to the asset mix shown, the portfolio managers retain the discretion to deviate from it. See the Pool’s investment strategies in the prospectus.The monthly cash-flow distributions on Fidelity T-SWP are not guaranteed, will be adjusted from time to time and may include income. We will aim to keep cash flow between 7.5% and 9% of the NAV each year on T-SWP for Series I8, S8 and F8 balanced pools, and between 4.5% and 5.5% of the NAV on Series I5, S5 and F5 of the balanced pools. For equity pools, we will aim to keep cash flow between 6.0% and 10.0% of the NAV each year on Series I8, S8 and F8, and between 4% and 6% of the NAV each year on Series I5, S5 and F5. A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the ACB goes below zero. Investors should not confuse this cash-flow distribution with a fund’s rate of return or yield. While investors in Series I8/S8/F8 and/or I5/S5/F5 will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. T-SWP will also pay a distribution that must be reinvested in December, consisting of income and capital gains. Please note that return of capital or ROC will vary from year to year and includes reinvested year-end distributions.

The Fidelity wayA history of stewardship and independence

The Fidelity Investments organization was founded in 1946 by Edward Johnson II, in the tradition of the Boston trustees – trusted individuals who oversaw the financial well-being of wealthy families. Today Fidelity is a global company, but it is still privately owned, giving it the independence to act in the long-term interests of our investors, without short-term pressure from public shareholders.

Providing innovative solutions through research

Our history is steeped in bottom-up investing - examining the fundamentals of each investment to find the best opportunities anywhere in world. We leverage our expertise in individual security analysis to seek to deliver superior returns in our investment strategies. Many strategies combine individual security analysis with a macro perspective and use a tactical asset allocation approach to capitalize on market themes. We combine our expertise in asset allocation with our historical understanding of market trends and investor behaviour to create flexible, innovative products to meet the needs of both individual and institutional investors.

To support this approach, we’ve created a research network of more than 800 investment professionals1 around the world, sharing first-hand knowledge of securities, sectors and markets. As a result, we have the tools to spot investment opportunities before they may be recognized by others.

C000000

MIXPaper

© 2017 Fidelity Investments Canada ULC. All rights reserved. Reproduction in part or in whole by any means without prior written consent from Fidelity Investments Canada ULC is forbidden. All trademarks are the property of Fidelity Investments Canada ULC.

WHERE PROSPERITY BELONGS

MINIMUM INVESTMENT$150,000

Combining world-class money management with features and benefits that deliver outstanding value

Through a culture of excellence, we are committed to helping our clients achieve their investment goals by harnessing a deep and diverse range of investment research and resources:

n results driven through specialization and teamwork across global equity, fixed-income and asset allocation teams

n technology to support in-depth analysis and continuous global communication among analysts and portfolio managers

n a reputation for pioneering flexible solutions targeted to  investors’ needs

Fidelity Private Investment Program offers

n disciplined investment approaches with rigorous risk controls

n attractive management fees that further reduce as investment increases

n automatic rebalancing with custom portfolio service ($500,000 minimum initial investment)

n tax-smart features, including potentially reduced taxable distributions and tax-efficient monthly cash flow

This panel is 50 p wideTRIM LINE

Page 2: The Fidelity way · Fidelity Private Investment Program offers ... equities and fixed-income securities. solution investing primarily in a mix of equities, fixed-income

662358.10.0 SAL-23622 11/17 61.110558E

1 Source: Fidelity Investments Canada ULC as at June 30, 2017.

Read a fund’s or pool’s investment prospectus and consult your advisor before investing. Mutual funds and pools are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss.Currency neutral Pools use derivatives to mitigate the Pools’ exposure to changes in exchange rates between developed market currencies and the Canadian dollar. The investment approach, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The Pools’ returns will differ from the local currency returns of their underlying investments.While the Pool is typically managed to the asset mix shown, the portfolio managers retain the discretion to deviate from it. See the Pool’s investment strategies in the prospectus.The monthly cash-flow distributions on Fidelity T-SWP are not guaranteed, will be adjusted from time to time and may include income. We will aim to keep cash flow between 7.5% and 9% of the NAV each year on T-SWP for Series I8, S8 and F8 balanced pools, and between 4.5% and 5.5% of the NAV on Series I5, S5 and F5 of the balanced pools. For equity pools, we will aim to keep cash flow between 6.0% and 10.0% of the NAV each year on Series I8, S8 and F8, and between 4% and 6% of the NAV each year on Series I5, S5 and F5. A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the ACB goes below zero. Investors should not confuse this cash-flow distribution with a fund’s rate of return or yield. While investors in Series I8/S8/F8 and/or I5/S5/F5 will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. T-SWP will also pay a distribution that must be reinvested in December, consisting of income and capital gains. Please note that return of capital or ROC will vary from year to year and includes reinvested year-end distributions.

The Fidelity wayA history of stewardship and independence

The Fidelity Investments organization was founded in 1946 by Edward Johnson II, in the tradition of the Boston trustees – trusted individuals who oversaw the financial well-being of wealthy families. Today Fidelity is a global company, but it is still privately owned, giving it the independence to act in the long-term interests of our investors, without short-term pressure from public shareholders.

Providing innovative solutions through research

Our history is steeped in bottom-up investing - examining the fundamentals of each investment to find the best opportunities anywhere in world. We leverage our expertise in individual security analysis to seek to deliver superior returns in our investment strategies. Many strategies combine individual security analysis with a macro perspective and use a tactical asset allocation approach to capitalize on market themes. We combine our expertise in asset allocation with our historical understanding of market trends and investor behaviour to create flexible, innovative products to meet the needs of both individual and institutional investors.

To support this approach, we’ve created a research network of more than 800 investment professionals1 around the world, sharing first-hand knowledge of securities, sectors and markets. As a result, we have the tools to spot investment opportunities before they may be recognized by others.

C000000

MIXPaper

© 2017 Fidelity Investments Canada ULC. All rights reserved. Reproduction in part or in whole by any means without prior written consent from Fidelity Investments Canada ULC is forbidden. All trademarks are the property of Fidelity Investments Canada ULC.

WHERE PROSPERITY BELONGS

MINIMUM INVESTMENT$150,000

Combining world-class money management with features and benefits that deliver outstanding value

Through a culture of excellence, we are committed to helping our clients achieve their investment goals by harnessing a deep and diverse range of investment research and resources:

n results driven through specialization and teamwork across global equity, fixed-income and asset allocation teams

n technology to support in-depth analysis and continuous global communication among analysts and portfolio managers

n a reputation for pioneering flexible solutions targeted to  investors’ needs

Fidelity Private Investment Program offers

n disciplined investment approaches with rigorous risk controls

n attractive management fees that further reduce as investment increases

n automatic rebalancing with custom portfolio service ($500,000 minimum initial investment)

n tax-smart features, including potentially reduced taxable distributions and tax-efficient monthly cash flow

This panel is 50 p wideTRIM LINE

Page 3: The Fidelity way · Fidelity Private Investment Program offers ... equities and fixed-income securities. solution investing primarily in a mix of equities, fixed-income

POOL NAME Fidelity Premium Fixed Income Private Pool

Fidelity Premium Tactical Fixed Income Private Pool

Fidelity Conservative Income Private Pool

Fidelity Balanced Income Private Pool

Fidelity Asset Allocation Private Pool

Fidelity Global Asset Allocation Private Pool

Fidelity U.S. Growth and Income Private Pool

Fidelity Balanced Private Pool

Fidelity Canadian Equity Private Pool

Fidelity Concentrated Canadian Equity Private Pool

Fidelity Concentrated Value Private Pool

Fidelity U.S. Dividend Private Pool

Fidelity U.S. Equity Private Pool

Fidelity International Equity Private Pool

Fidelity Global Equity Private Pool

VOLATILITY Low Low Low Low to medium Low to medium Low to medium Low to medium Low to medium Medium Medium Medium Medium Medium Medium Medium

INVESTMENT FOCUS

Investing primarily in Canadian fixed-income securities.

Investing primarily in Canadian fixed-income securities.

A conservative solution that invests primarily in a mix of equities and fixed-income securities.

A core balanced solution investing primarily in equities, fixed-income securities and money market instruments.

A core balanced solution investing primarily in equities, fixed-income securities and money market instruments.

A core balanced solution investing primarily in a mix of global equity and fixed-income securities.

A core U.S. offering that invests primarily in U.S. equities and fixed-income securities.

A core balanced solution investing primarily in a mix of equities, fixed-income securities and money market instruments.

Investing primarily in equity securities of Canadian companies, with sector weightings similar to the  S&P/TSX Capped Composite Index.

Investing primarily in equity securities of Canadian companies, with super sector weightings similar to the S&P/TSX Capped Composite Index.

Investing primarily in Canadian equity securities and employing a value-oriented large-cap strategy while seeking to mitigate downside risk.

A core equity offering investing primarily in high-quality U.S. dividend-paying equities.

Investing primarily in equity securities of U.S. companies, with the same sector weightings as the S&P 500 Index.

Investing primarily in equity securities of companies located in developed countries around the world, outside of North America.

Investing primarily in equity securities of companies located anywhere in the world.

INVESTMENT STRATEGY

■■ Focus on security selection.

■■ No large interest rate bets.

■■ Minimum bond credit rating: BBB.

■■ Core focus on Canada.

■■ Typically comprises 150–200 issuers.

■■ Up to 40% allocation to global fixed income, with the balance in Canadian bonds.

■■ Tactical allocation across multiple fixed-income asset classes.

■■ Potential for higher yield.

■■ Benefit from a broad range of income-oriented opportunities.

■■ Neutral mix is 20% equities and 80% fixed-income.

■■ The portfolio managers may over- or underweight the distinct asset classes to manage risk and capitalize on changing market conditions.

■■ Blend of 60% fixed-income and 40% equities.

■■ The portfolio manager may over- or underweight the distinct asset classes to manage risk and capitalize on changing market conditions.

■■ A broadly diversified core offering.

■■ Neutral mix comprises 50% equities and 50% fixed-income securities.

■■ Employs an active asset allocation approach to adjust portfolio asset mix to different market conditions.

■■ A globally diversified core holding featuring multi-asset class exposure and geographic diversification.

■■ Designed for risk-conscious investors seeking a blend of growth and income.

■■ Employs active asset allocation across multiple dimensions of the portfolio to take advantage of market opportunities and mitigate risk.

■■ A broadly diversified core offering.

■■ Neutral mix is 50% equities and 50% fixed-income securities.

■■ The portfolio manager may over- or underweight the distinct asset classes to manage risk and capitalize on changing market conditions.

■■ Blend of 60% equities and 40% fixed income.

■■ The portfolio manager may over- or underweight the distinct asset classes to manage risk and capitalize on changing market conditions.

■■ Sector neutral to the benchmark.

■■ Typically holds 80–100 stocks.

■■ Employs bottom-up, fundamental stock selection approach.

■■ Sector neutral to four benchmark super sectors.

■■ Four super sectors include resources, industrials, consumer and interest rate-sensitive.

■■ Typically holds 50–80 stocks.

■■ Employs a hybrid security selection process combining fundamental and quantitative disciplines.

■■ While the primary holdings will be large-cap stocks, may have medium and small caps as well.

■■ May invest up to 49% in U.S. and international securities.

■■ Typically holds 20–50 stocks.

■■ Employs fundamental analysis based on  bottom-up stock selection.

■■ A diversified complement to Canadian equities.

■■ Offering broad exposure to high-quality U.S. dividend-paying companies.

■■ The potential for less volatility than the broad U.S. equity market.

■■ Sector neutral to the benchmark.

■■ Monitors more than 3,000 U.S. stocks.

■■ Typically holds 75–125 stocks.

■■ Concentrated, high conviction portfolio.

■■ Quality-at-a-Reasonable price investment style.

■■ Typically holds 40–60 stocks.

■■ Internationally diversified across sectors and industries.

■■ Concentrated, high conviction portfolio.

■■ Quality-at-a-Reasonable price investment style.

■■ Typically holds 40–60 stocks.

■■ Globally diversified across sectors and industries.

ASSET MIX*

AVAILABLE IN Trust Trust Trust

Fidelity T-SWP®

Fidelity Corporate Class

Fidelity T-SWP®

Currency neutral

Fidelity Corporate Class

Fidelity T-SWP®

Currency neutral

Trust

Fidelity T-SWP®

Currency neutral

Trust

Fidelity T-SWP®

Fidelity Corporate Class

Fidelity T-SWP®

Currency neutral

Fidelity Corporate Class

Fidelity T-SWP®

Fidelity Corporate Class

Fidelity T-SWP®

Fidelity Corporate Class

Fidelity T-SWP®

Trust

Fidelity T-SWP®

Fidelity Corporate Class

Fidelity T-SWP®

Currency neutral

Fidelity Corporate Class

Fidelity T-SWP®

Currency neutral

Fidelity Corporate Class

Fidelity T-SWP®

Currency neutral

Fidelity Private Investment Pools

For over 50 years, Fidelity has been managing money for corporate and government pension funds, foundations and endowments around the world – clients who seek a high degree of consistency of investment approach and performance. Through the Fidelity Private Investment Program, those same services are offered to private investors.

Fidelity Premium Money Market Private Pool

INVESTMENT FOCUS: The Pool provides exposure primarily to Canadian dollar-denominated money market instruments.

*The arrows indicate the tactical asset allocation that can be employed by the portfolio managers.

U.S. EQUITY

50%

U.S. FIXED INCOME

50%

EQUITY

50%

FIXED INCOME

50%

EQUITY

50%

FIXED INCOME

50%

CANADIAN FIXED INCOME

100%

CANADIAN EQUITY

100%

U.S. EQUITY

100%INTERNATIONAL EQUITY

100%

GLOBAL EQUITY

100%

EQUITY

40%

FIXED INCOME

60%

EQUITY

20%

FIXED INCOME

80%

EQUITY

60%

FIXED INCOME

40%

CANADIAN EQUITY

90%

FOREIGN EQUITY

10%

U.S. EQUITY

90%

U.S. FIXED INCOME

10%

CANADIAN EQUITY

51%

U.S. AND INTERNATIONAL EQUITY

49%

GLOBAL FIXED

INCOME

40%

CANADIAN FIXED INCOME

60%

Page 4: The Fidelity way · Fidelity Private Investment Program offers ... equities and fixed-income securities. solution investing primarily in a mix of equities, fixed-income

662358.10.0 SAL-23622 11/17 61.110558E

The Fidelity wayA history of stewardship and independence

The Fidelity Investments organization was founded in 1946 by Edward Johnson II, in the tradition of the Boston trustees – trusted individuals who oversaw the financial well-being of wealthy families. Today Fidelity is a global company, but it is still privately owned, giving it the independence to act in the long-term interests of our investors, without short-term pressure from public shareholders.

Providing innovative solutions through research

Our history is steeped in bottom-up investing - examining the fundamentals of each investment to find the best opportunities anywhere in world. We leverage our expertise in individual security analysis to seek to deliver superior returns in our investment strategies. Many strategies combine individual security analysis with a macro perspective and use a tactical asset allocation approach to capitalize on market themes. We combine our expertise in asset allocation with our historical understanding of market trends and investor behaviour to create flexible, innovative products to meet the needs of both individual and institutional investors.

To support this approach, we’ve created a research network of more than 800 investment professionals1 around the world, sharing first-hand knowledge of securities, sectors and markets. As a result, we have the tools to spot investment opportunities before they may be recognized by others.

1 Source: Fidelity Investments Canada ULC as at September 30, 2017.

Read a fund’s or pool’s investment prospectus and consult your advisor before investing. Mutual funds and pools are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss.Currency neutral Pools use derivatives to mitigate the Pools’ exposure to changes in exchange rates between developed market currencies and the Canadian dollar. The investment approach, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The Pools’ returns will differ from the local currency returns of their underlying investments.While the Pool is typically managed to the asset mix shown, the portfolio managers retain the discretion to deviate from it. See the Pool’s investment strategies in the prospectus.The monthly cash-flow distributions on Fidelity T-SWP are not guaranteed, will be adjusted from time to time and may include income. We will aim to keep cash flow between 7.5% and 9% of the NAV each year on T-SWP for Series I8, S8 and F8 balanced pools, and between 4.5% and 5.5% of the NAV on Series I5, S5 and F5 of the balanced pools. For equity pools, we will aim to keep cash flow between 6.0% and 10.0% of the NAV each year on Series I8, S8 and F8, and between 4% and 6% of the NAV each year on Series I5, S5 and F5. A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the ACB goes below zero. Investors should not confuse this cash-flow distribution with a fund’s rate of return or yield. While investors in Series I8/S8/F8 and/or I5/S5/F5 will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. T-SWP will also pay a distribution that must be reinvested in December, consisting of income and capital gains. Please note that return of capital or ROC will vary from year to year and includes reinvested year-end distributions.

C000000

MIXPaper

© 2017 Fidelity Investments Canada ULC. All rights reserved. Reproduction in part or in whole by any means without prior written consent from Fidelity Investments Canada ULC is forbidden. All trademarks are the property of Fidelity Investments Canada ULC.

WHERE PROSPERITY BELONGS

MINIMUM INVESTMENT$150,000

Combining world-class moneymanagement with features and benefits that deliver outstanding value

Through a culture of excellence, we are committed to helping our clients achieve their investment goals by harnessing a deep and diverse range of investment research and resources:

n results driven through specialization and teamwork across global equity, fixed-income and asset allocation teams

n technology to support in-depth analysis and continuous global communication among analysts and portfolio managers

n a reputation for pioneering flexible solutions targeted to  investors’ needs

Fidelity Private Investment Program offers

n disciplined investment approaches with rigorous risk controls

n attractive management fees that further reduce as investment increases

n automatic rebalancing with custom portfolio service ($500,000 minimum initial investment)

n tax-smart features, including potentially reduced taxable distributions and tax-efficient monthly cash flow

This panel is 50 p wideTRIM LINE