FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE REPORT PERFORMANCE UPDATE

Transcription

1 FELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE REPORT PERFORMANCE UPDATE AS OF SEPTEMBER 0, 2017 UNDERSTANDING INVESTMENT PERFORMANCE As you review this update, please remember that the performance data stated represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance stated. To learn more or to obtain the most recent month-end performance, call Fidelity at or visit (log in, choose plan, select "Investment Choices & Research," and then pick investment option). TARGET DATE Month YTD 1 5 FFFVX Fidelity Freedom , /06/0 n/a FFFCX Fidelity Freedom 20 20, /17/96 n/a 0.50 FFVFX Fidelity Freedom , /06/0 n/a FFFDX Fidelity Freedom , /17/96 n/a FFTWX Fidelity Freedom , /06/0 n/a FFFEX Fidelity Freedom , /17/96 n/a FFTHX Fidelity Freedom , /06/0 n/a FFFFX Fidelity Freedom , /06/00 n/a FFFGX Fidelity Freedom , /01/06 n/a FFFHX Fidelity Freedom , /01/06 n/a FDEEX Fidelity Freedom , n/a /01/11 n/a FDKVX Fidelity Freedom , n/a n/a /05/14 n/a FFFAX Fidelity Freedom Income 20, /17/96 n/a FEHPX Fidelity Multi-Manager , n/a /20/12 n/a 0.8 FEMPX Fidelity Multi-Manager 20 20, n/a /20/12 n/a FEJPX Fidelity Multi-Manager , n/a /20/12 n/a FEKPX Fidelity Multi-Manager , n/a /20/12 n/a FEDPX Fidelity Multi-Manager , n/a /20/12 n/a 1.0 FECPX Fidelity Multi-Manager , n/a /20/12 n/a FENPX Fidelity Multi-Manager 205 1,20, n/a /20/12 n/a 1.10 FEWPX Fidelity Multi-Manager ,20, n/a /20/12 n/a FEZPX Fidelity Multi-Manager ,20, n/a.0 12/20/12 n/a FEYPX Fidelity Multi-Manager ,20, n/a.06 12/20/12 n/a FESPX Fidelity Multi-Manager ,20, n/a.21 12/20/12 n/a 1.2 1

2 AS OF SEPTEMBER 0, 2017 Month YTD 1 5 TARGET DATE (continued) FNJPX Fidelity Multi-Manager ,20, n/a n/a /05/14 n/a FEBPX Fidelity Multi-Manager Income 20, n/a.89 12/20/12 n/a TARGET ALLOCATION FASIX Fidelity Asset Manager 20% /01/92 n/a 0.50 FTANX Fidelity Asset Manager 0% /09/07 n/a FFANX Fidelity Asset Manager 40% /09/07 n/a FASMX Fidelity Asset Manager 50% /28/88 n/a FSANX Fidelity Asset Manager 60% /09/07 n/a FASGX Fidelity Asset Manager 70% /0/91 n/a 0.70 FAMRX Fidelity Asset Manager 85% /24/99 n/a MONEY MARKET - GOVERNMENT FDRXX Fidelity Government Cash Reserves 2,22 7-Day Yield % as of 09/0/2017: 0.71 SPAXX Fidelity Government Money Market 22 7-Day Yield % as of 09/0/2017: 0.67 FZCXX Fidelity Government Money Market - Premium Class 1,,22 7-Day Yield % as of 09/0/2017: 0.77 FZFXX Fidelity Treasury Money Market 4,22 7-Day Yield % as of 09/0/2017: 0.67 FDLXX Fidelity Treasury Only Money Market 22 7-Day Yield % as of 09/0/2017: 0.65 BOND //79 n/a /05/90 n/a /05/90 n/a /1/8 n/a /05/88 n/a FGBFX Fidelity Global Credit 1,5, n/a /22/12 n/a FNMIX Fidelity New Markets Income /04/9 1/ BOND - GOVERNMENT FGMNX Fidelity GNMA /08/85 n/a FGOVX Fidelity Government Income /04/79 n/a FSTGX Fidelity Intermediate Government Income /02/88 n/a FIBAX Fidelity Intermediate Treasury Bond Index - Premium Class /20/05 n/a FFXSX Fidelity Limited Term Government //86 n/a FLBAX Fidelity Long-Term Treasury Bond Index - Premium Class /20/05 n/a FSBAX Fidelity Treasury Bond Index - Premium Class /20/05 n/a The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period. 2

3 AS OF SEPTEMBER 0, 2017 BOND - DIVERSIFIED Month YTD 1 5 FCONX Fidelity Conservative Income Bond 1, n/a 0.68 /0/11 n/a FCBFX Fidelity Corporate Bond n/a /04/ n/a FTHRX Fidelity Intermediate Bond /2/75 n/a FBNDX Fidelity Investment Grade Bond /06/71 n/a FJRLX Fidelity Limited Term Bond 6,7, /02/84 n/a FMSFX Fidelity Mortgage Securities /1/84 n/a FSHBX Fidelity Bond /15/86 n/a FSICX Fidelity Strategic Income /01/98 n/a FTBFX Fidelity Total Bond /15/02 n/a FSITX Fidelity U.S. Bond Index - Premium Class 8, /08/90 n/a FWHBX Strategic Advisers Core Income Multi-Manager n/a /19/12 n/a ,2 BOND - INFLATION-PROTECTED FINPX Fidelity Inflation-Protected Bond /26/02 n/a FSIYX Fidelity Inflation-Protected Bond Index - Premium Class n/a /16/12 n/a BOND - HIGH YIELD FAGIX Fidelity Capital & Income 2, /01/77 1/ FFRHX Fidelity Floating Rate High Income 9,2, /16/00 1/ FHIFX Fidelity Focused High Income 2, /08/04 1/ FGHNX Fidelity Global High Income 2, n/a /11/11 1/ SPHIX Fidelity High Income 2, /29/90 1/ FSAHX Fidelity Short Duration High Income 2, n/a n/a.02 11/05/1 1/ FSADX Strategic Advisers Income Opportunities of n/a /19/12 1/ s 1,2,24 BALANCED/HYBR FBALX Fidelity Balanced /06/86 n/a FFNOX Fidelity Four-in-One Index 1, /29/99 n/a 0.10 FPURX Fidelity Puritan /16/47 n/a FSDIX Fidelity Strategic Dividend & Income /2/0 n/a FSRRX Fidelity Strategic Real Return /07/05 n/a BALANCED/HYBR - CONVERTIBLES FCVSX Fidelity Convertible Securities /05/87 n/a 0.450

4 AS OF SEPTEMBER 0, 2017 BALANCED/HYBR - INTERNATIONAL Month YTD 1 5 FGBLX Fidelity Global Balanced /01/9 n/a FDYSX Fidelity Global Strategies, /1/07 n/a 1.2 DOMESTIC EQUITIES - LARGE VALUE FBCVX Fidelity Blue Chip Value /17/0 n/a FEQTX Fidelity Equity Dividend Income /21/90 n/a FEQIX Fidelity Equity-Income /16/66 n/a FLVEX Fidelity Large Cap Value Enhanced Index /19/07 n/a 0.90 FLCHX Fidelity Large Cap Value Index - Premium n/a n/a n/a /07/16 n/a Class 20 FSLVX Fidelity Stock Selector Large Cap Value /15/01 n/a FVDFX Fidelity Value Discovery //02 n/a FSLSX Fidelity Value Strategies /1/8 n/a FKMOX Strategic Advisers Value Multi-Manager 1,20 DOMESTIC EQUITIES - M VALUE n/a /16/11 n/a FLVCX Fidelity Leveraged Company Stock 20, /19/00 n/a FLPSX Fidelity Low-Priced Stock 20, /27/89 n/a FSMVX Fidelity Mid Cap Value 20, /15/01 n/a 0.70 FDVLX Fidelity Value 20, /01/78 n/a DOMESTIC EQUITIES - SMALL VALUE FCPVX Fidelity Small Cap Value 20, /0/04 1.5/ DOMESTIC EQUITIES - LARGE BLEND FUSVX Fidelity 500 Index - Premium Class 11, /17/88 n/a 0.05 FDEQX Fidelity Disciplined Equity /28/88 n/a FDGFX Fidelity Dividend Growth /27/9 n/a FGRIX Fidelity Growth & Income Portfolio /0/85 n/a 0.60 FLCEX Fidelity Large Cap Core Enhanced Index /19/07 n/a 0.90 FLCSX Fidelity Large Cap Stock /22/95 n/a FGRTX Fidelity Mega Cap Stock /28/98 n/a FSTVX Fidelity Total Market Index - Premium Class 12, /05/97 n/a 0.05 FENSX Fidelity U.S. Sustainability Index - Investor n/a n/a n/a n/a /09/17 n/a 0.2 Class 20 FLAUX Strategic Advisers Core Multi-Manager n/a /16/11 n/a 1.1 4

5 AS OF SEPTEMBER 0, 2017 DOMESTIC EQUITIES - M BLEND FSEVX Month YTD 1 5 Fidelity Extended Market Index - Premium /05/97 n/a Class 12,20,25 FMEIX Fidelity Mid Cap Enhanced Index 20, /20/07 n/a FSCKX Fidelity Mid Cap Index - Premium Class 20,25 DOMESTIC EQUITIES - SMALL BLEND n/a /08/11 n/a FARNX Fidelity Event Driven Opportunities 20, n/a n/a /12/1 n/a 1.1 FSCRX Fidelity Small Cap Discovery 20, /26/00 1.5/ FCPEX Fidelity Small Cap Enhanced Index 20, /20/07 n/a FSSVX Fidelity Small Cap Index - Premium Class 20, n/a /08/11 n/a FSLCX Fidelity Small Cap Stock 20, /12/98 2/ FDSCX Fidelity Stock Selector Small Cap 20, /28/9 1.5/ DOMESTIC EQUITIES - LARGE GROWTH FBGRX Fidelity Blue Chip Growth /1/87 n/a FDCAX Fidelity Capital Appreciation /26/86 n/a 0.6 FCNTX Fidelity Contrafund /17/67 n/a FEXPX Fidelity Export and Multinational /04/94 n/a FTQGX Fidelity Focused Stock /12/96 n/a FFX Fidelity /0/0 n/a FDGRX Fidelity Growth Company /17/8 n/a FDSVX Fidelity Growth Discovery 1, /1/98 n/a FDFFX Fidelity Independence /25/8 n/a FLGEX Fidelity Large Cap Growth Enhanced Index /19/07 n/a 0.90 FSUPX Fidelity Large Cap Growth Index - Premium n/a n/a n/a /07/16 n/a Class 20 FMAGX Fidelity Magellan /02/6 n/a FNCMX Fidelity Nasdaq Composite Index 1, /25/0 n/a 0.40 FMILX Fidelity New Millennium /28/92 n/a FOCPX Fidelity OTC Portfolio /1/84 n/a 0.8 FDSSX Fidelity Stock Selector All Cap /28/90 n/a FTRNX Fidelity Trend 14, /16/58 n/a FMELX Strategic Advisers Growth Multi-Manager n/a /16/11 n/a

6 AS OF SEPTEMBER 0, 2017 DOMESTIC EQUITIES - M GROWTH Month YTD 1 5 FDEGX Fidelity Growth Strategies 20, /28/90 n/a FMCSX Fidelity Mid-Cap Stock 20, /29/94 n/a FSSMX Fidelity Stock Selector Mid Cap 15,20, /20/96 n/a DOMESTIC EQUITIES - SMALL GROWTH FCPGX Fidelity Small Cap Growth 20, /0/04 1.5/ FNAPX Strategic Advisers Small-Mid Cap Multi-Manager n/a /20/11 1.5/ ,20,26 INTERNATIONAL/GLOBAL - DIVERSIFIED FDIVX Fidelity Diversified International 20, /27/91 n/a FGILX Fidelity Global Equity Income 20, n/a.22 5/02/12 1/ FSGDX Fidelity Global ex U.S. Index - Premium n/a /08/11 n/a 0.0 Class 20,27 FIVFX Fidelity International Capital Appreciation 20, /01/94 n/a FIGRX Fidelity International Discovery 20, /1/86 n/a FIENX Fidelity International Enhanced Index 20, /20/07 1/ FIGFX Fidelity International Growth 20, /01/07 n/a FSIVX Fidelity International Index - Premium Class 12,20, /05/97 n/a FISMX Fidelity International Small Cap 20, /18/02 2/ FSCOX Fidelity International Small Cap Opportunities /02/05 2/ ,27 FNIYX Fidelity International Sustainability Index - Investor Class 20, n/a n/a n/a n/a /09/17 n/a 0.00 FIVLX Fidelity International Value 20, /18/06 1/ FOSFX Fidelity Overseas 20, /04/84 n/a 1.00 FTIEX Fidelity Total International Equity 20, /01/07 1/0 1.1 FTIPX Fidelity Total International Index - Premium n/a n/a n/a /07/16 1/ Class 20,27 FWWFX Fidelity Worldwide 20, /0/90 n/a 0.9 FMJDX Strategic Advisers International Multi-Manager n/a /02/12 1/ ,20,27 INTERNATIONAL/GLOBAL - REGIONAL FICDX Fidelity Canada 20, /17/87 1.5/ FHKCX Fidelity China Region 20, /01/95 1.5/ FSEAX Fidelity Emerging Asia 16,20, /19/9 1.5/ FIEUX Fidelity Europe 20, /01/86 n/a

7 AS OF SEPTEMBER 0, 2017 INTERNATIONAL/GLOBAL - REGIONAL (continued) Month YTD 1 5 FJPNX Fidelity Japan 20, /15/92 1.5/ FJSCX Fidelity Japan Smaller Companies 20, /01/95 1.5/ FLATX Fidelity Latin America 20, /19/9 1.5/ FNORX Fidelity Nordic 20, /01/95 1.5/ FPBFX Fidelity Pacific Basin 20, /01/86 1.5/ INTERNATIONAL/GLOBAL - EMERGING MARKETS FEMEX Fidelity Emerging Europe, Middle East, Africa n/a /08/08 1.5/ (EMEA) 20,27 FEDDX Fidelity Emerging Markets Discovery 20, n/a /01/11 2/ FEMKX Fidelity Emerging Markets 20, /01/90 1.5/ FPMAX Fidelity Emerging Markets Index - Premium n/a.09 9/08/11 1.5/ Class 20,27 FTEMX Fidelity Total Emerging Markets 20, n/a /01/11 1.5/ FLILX Strategic Advisers Emerging Markets of n/a.85 5/02/12 1.5/ s 1,20,27 INTERNATIONAL/GLOBAL - SPECIALTY FIREX Fidelity International Real Estate 20,27,28, /08/04 1.5/ SPECIALTY FFGCX Fidelity Global Commodity Stock 20, n/a.89 /25/09 1/ FRIFX Fidelity Real Estate Income 20,28, /04/0 0.75/ FSRVX Fidelity Real Estate Index - Premium Class 20,28, n/a.4 9/08/ / FRESX Fidelity Real Estate Investment Portfolio 20,28, /17/86 n/a FSAIX Fidelity Select Air Transportation Portfolio 20, /16/ / FSAVX Fidelity Select Automotive Portfolio 20, /0/ / FSRBX Fidelity Select Banking Portfolio 20, /0/ / FBIOX Fidelity Select Biotechnology Portfolio 20, /16/85 n/a FSLBX Fidelity Select Brokerage and Investment /29/ / Management Portfolio 20,28 FSCHX Fidelity Select Chemicals Portfolio 20, /29/85 n/a FSDCX Fidelity Select Communications Equipment /29/ / Portfolio 17,20,28 FDCPX Fidelity Select Computers Portfolio 20, /29/ /0 0.8 FSHOX Fidelity Select Construction and Housing /29/ / Portfolio 20,28 FSCPX Fidelity Select Consumer Discretionary Portfolio 17,20, /29/90 n/a

8 AS OF SEPTEMBER 0, 2017 SPECIALTY (continued) FSVLX Fidelity Select Consumer Finance Portfolio 18,20,28 Month YTD /16/ / FDFAX FSDAX Fidelity Select Consumer Staples Portfolio 17,20,28 Fidelity Select Defense and Aerospace Portfolio 20, /29/85 n/a /08/84 n/a FSENX Fidelity Select Energy Portfolio 20, /14/81 n/a FSESX Fidelity Select Energy Service Portfolio 20, /16/ / FSLEX Fidelity Select Environment and Alternative /29/ / Energy Portfolio 19,20,28 FSX Fidelity Select Financial Services Portfolio 20, //81 n/a FSAGX Fidelity Select Gold Portfolio 20, /16/85 n/a FSPHX Fidelity Select Health Care Portfolio 20, /14/81 n/a FSHCX FSCGX Fidelity Select Health Care Services Portfolio 20,28 Fidelity Select Industrial Equipment Portfolio 20, /0/ / /29/ / FCYIX Fidelity Select Industrials Portfolio 17,20, /0/97 n/a FSPCX Fidelity Select Insurance Portfolio 20, /16/ / FBSOX Fidelity Select IT Services Portfolio 17,20, /04/98 n/a FDLSX Fidelity Select Leisure Portfolio 20, /08/ / FSDPX Fidelity Select Materials Portfolio 17,20, /29/86 n/a 0.8 FSMEX Fidelity Select Medical Equipment and Systems /28/98 n/a Portfolio 20,28 FBMPX Fidelity Select Multimedia Portfolio 20, /0/ / FSNGX Fidelity Select Natural Gas Portfolio 20, /21/9 0.75/ FNARX Fidelity Select Natural Resources Portfolio 20, /0/ / FPHAX Fidelity Select Pharmaceuticals Portfolio 20, /18/01 n/a FSRPX Fidelity Select Retailing Portfolio 20, /16/85 n/a FSELX Fidelity Select Semiconductors Portfolio 20, /29/ / FSCSX Fidelity Select Software and IT Services Portfolio 20, /29/85 n/a FSPTX Fidelity Select Technology Portfolio 20, /14/81 n/a FSTCX Fidelity Select Telecommunications Portfolio 20, /29/85 n/a FSRFX Fidelity Select Transportation Portfolio 20, /29/ / FSUTX Fidelity Select Utilities Portfolio 17,20, //81 n/a

9 AS OF SEPTEMBER 0, 2017 Month YTD 1 5 SPECIALTY (continued) FWRLX Fidelity Select Wireless Portfolio 20, /21/ / FIUIX Fidelity Telecom and Utilities 20, /27/87 n/a n/a = Not Applicable/None - - = Not Available MARKET INDICATORS Month YTD 1 5 For comparison purposes only. It is not possible to invest directly in these indicators. DJ Industrial Average MSCI EAFE (Net MA) S&P Russell n/a = Not Applicable/None - - = Not Available Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. total returns are reported as of the period indicated. fund figures are reported as of the inception date to the period indicated. These figures do not include the effects of sales charges, if any, as these charges are waived for contributions made through your company s employee benefit plan. If sales charges were included, returns would have been lower. EXPENSE RATIO A mutual fund expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent of the fund s total net assets. For other types of investments, the figure in the expense ratio field reflects similar information, but may have been calculated differently than for mutual funds. Mutual fund data comes from the fund s prospectus. For non-mutual fund investment options, the information has been provided by the plan sponsor, the investment option s manager or the trustee. When no ratio is shown for these options it is because none was available. There may be fees and expenses associated with the investment option. information changes periodically. Please consult NetBenefits for updates. SPECIFIC FUNDS Morningstar, Inc., provided data on the non-fidelity mutual funds. Although the data is gathered from reliable sources, accuracy and completeness cannot be guaranteed by Morningstar. 1 Fidelity is voluntarily reimbursing a portion of the fund s expenses. If Fidelity had not, the returns would have been lower. 2 On December 1, 2015, this fund (formerly Fidelity Cash Reserves) was approved to operate as a government fund with different investment policies. The historical performance may not represent its current investment policies. Initial offering of Premium Class shares for Fidelity Government Money Market was on 04/14/2015. Returns and expenses prior to that date are those of Fidelity Government Money Market (SPAXX). Had Fidelity Government Money Market - Premium Class expenses been reflected in the returns shown, total returns would have been higher. 4 Initial offering of Fidelity Treasury shares for Treasury was on 04/14/2015. Returns and expenses prior to that date are those of Treasury -Daily Money Class. Had Treasury -Fidelity Treasury expenses been reflected in the returns shown, total returns would have been higher. 5 As of June 1, 2017, this fund changed its name from Fidelity Global Bond. 9

10 6 On November 1, 201, an initial offering of the Fidelity Limited Term Bond (Retail Class) took place. Returns and expenses prior to that date are those of the Fidelity Advisor Limited Term Bond Institutional Class. Had Fidelity Limited Term Bond (Retail Class) expenses been reflected in the returns shown, total returns would have been higher. 7 Prior to October 0, 201, the fund was named Fidelity Advisor Intermediate Bond, and the fund operated under different investment policies. The fund s historical performance may not represent its current investment policies. 8 Returns prior to May 4, 2011 are those of the Investor Class and reflect the Investor Class expense ratio. Had the Premium Class expense ratio been reflected, total returns would have been higher. 9 Initial offering of the Fidelity Floating Rate High Income took place on September 19, Returns and expenses prior to that date are those of the Fidelity Advisor Floating Rate High Income - Institutional Class. Had Fidelity Floating Rate High Income expenses been reflected in the returns shown, total returns would have been higher. Prior to June 1, 2011, the fund operated under certain different investment policies and compared its performance to a different benchmark. The fund s historical performance may not represent its current investment policies. 11 Returns prior to October 14, 2005 are those of the Investor Class and reflect the Investors Class expense ratio. Had the Premium Class expense ratio been reflected, total returns would have been higher. 12 Returns prior to October 14, 2005 are those of the Investor Class and reflect the Investor Class expense ratio. Had the Premium Class expense ratio been reflected, total returns would have been higher. 1 Prior to February 1, 2007, Growth Discovery operated under certain different investment policies and compared its performance to a different index. The fund s historical performance may not represent its current investment policies. 14 Prior to February 1, 2007, Trend operated under certain different investment policies and compared its performance to a different index. The fund s historical performance may not represent its current investment policies. 15 Initial offering of the Fidelity Stock Selector Mid Cap Retail Class took place on June 6, Returns prior to that date are those of the Fidelity Advisor Stock Selector Mid Cap - Class I and reflect the Class I s expense ratio. Had the Fidelity Stock Selector Mid Cap Retail Class expense ratio been reflected, total returns would have been lower. 16 Prior to December 1, 20, Fidelity Emerging Asia operated under certain different investment policies and compared its performance to a different benchmark. The fund s historical performance may not represent its current investment policies. 17 Prior to October 1, 2006, Fidelity Select IT Services, Select Consumer Discretionary, Select Industrials, Select Communications Equipment, Select Consumer Staples, Select Materials, and Select Utilities Growth Portfolios operated under different investment policies, and compared their performance to different benchmarks. The fund s historical performance might not represent its current investment policies. 18 Prior to December 1, 20, Select Consumer Finance Portfolio operated under certain different investment policies and compared its performance to a different additional benchmark. The fund s historical performance may not represent its current investment policies. 19 Prior to July 1, 20, the fund was named Fidelity Select Environmental Portfolio, operated under certain different investment policies, and compared its performance to a different benchmark. The fund s historical performance may not represent its current investment policies. INVESTMENT RISK 20 Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or economic developments. 21 Fidelity Freedom s are designed for investors expecting to retire around the year indicated in each fund s name. Except for the Freedom Income, the funds asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected to merge with the Freedom Income. The investment risks of each Fidelity Freedom change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap and, commodity-related, foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. 22 Fidelity Government Mutual Money Market: You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund s sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time. Fidelity s government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund s weekly liquid assets fall below 0% of its total assets because of market conditions or other factors. 2 In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bond prices usually fall and vice versa). This effect is usually pronounced for longer-term securities. Bonds also entail the risk of issuer default, issuer credit risk and inflation risk. 24 Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. 25 Investments in mid-sized companies may involve greater risk than those of larger, more well known companies, but may be less volatile than investments in smaller companies. 26 Investments in smaller companies may involve greater risk than those in larger, more well known companies. AS OF SEPTEMBER 0, 2017

11 27 Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. This risk includes political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation. 28 Because of their narrow focus, sector funds may be more volatile than funds that diversify across many sectors. 29 Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. MARKET INDICATORS Indices are unmanaged and you cannot invest directly in an index AS OF SEPTEMBER 0, 2017 DJ Industrial Average The Dow Jones Industrial Average (DJIA) is an unmanaged price-weighted index and is the most widely used indicator of how the country s industrial leaders are performing. Also known as "the Dow," this is a formula based on the stock prices of 0 major companies chosen from sectors of the economy most representative of our country s economic condition. MSCI EAFE (Net MA) The MSCI Europe, Australasia and Far East Index (net MA tax) is an unmanaged market capitalization-weighted index of equity securities of companies domiciled in various countries. The index is designed to represent performance of developed stock markets outside the United States and Canada and excludes certain market segments unavailable to U.S. based investors. The index returns for periods after 1/1/1997 are adjusted for tax withholding rates applicable to U.S.-based mutual funds organized as Massachusetts business trusts. S&P 500 S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. Russell 2000 The Russell 2000 Index is an unmanaged market capitalization-weighted index of 2,000 small company stocks of U.S. domiciled companies. Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a mutual fund prospectus or, if available, a summary prospectus containing this information. Read it carefully. Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI FMR LLC, All rights reserved