FIDELITY S MONTHLY FUND UPDATE FOR ADVISORS S JUNE 2018

Transcription

1 FIDELITY S LY UPDATE FOR ADVISORS S JUNE 2018 FOR ADVISOR USE ONLY

2 Table of contents Data within this document are as at the date indicated at the top right corner of each fund page, unless noted otherwise. EQUITY S Canadian Fidelity 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 North American Fidelity North American Equity Class 18 Global and International Fidelity AsiaStar Fund 19 Fidelity China Fund 20 Fidelity Emerging Markets Fund 21 Fidelity Europe Fund 22 Fidelity Far East Fund 23 Fidelity Frontier Emerging Markets Fund 24 Fidelity Global Fund 25 Fidelity Global Concentrated Equity Fund 26 Fidelity Global Disciplined Equity Fund 27 Fidelity Global Dividend Fund 28 Fidelity Global Innovators Class 29 Fidelity Global Intrinsic Value Class 30 Fidelity Global Large Cap Fund 31 Fidelity Global Small Cap Fund 32 Fidelity Insights Class 33 Fidelity International Concentrated Equity Fund 34 Fidelity International Disciplined Equity Fund 35 Fidelity International Growth Fund 36 Fidelity Japan Fund 37 Fidelity NorthStar Fund 38 EQUITY SECTOR S Global Fidelity Global Consumer Industries Fund 39 Fidelity Global Financial Services Fund 40 Fidelity Global Health Care Fund 41 Fidelity Global Natural Resources Fund 42 Fidelity Global Real Estate Fund 43 Fidelity Technology Innovators Fund 44 Fidelity Global Telecommunications Fund 45 ASSET ALLOCATION AND BALANCED S Canadian Fidelity Canadian Asset Allocation Fund 46 Fidelity Canadian Balanced Fund 47 Fidelity Income Allocation Fund 48 Fidelity Monthly Income Fund 49 U.S. Fidelity American Balanced Fund 50 Fidelity U.S. Monthly Income Fund 51 Global Fidelity Conservative Income Fund 52 Fidelity Global Asset Allocation Fund 53 Fidelity Global Monthly Income Fund 54 Fidelity NorthStar Balanced Fund 55 Fidelity Tactical High Income Fund 56 Fidelity Tactical Strategies Fund 57 FIXED-INCOME S Canadian Fidelity Canadian Bond Fund 58 Fidelity Canadian Short Term Bond Fund 59 Fidelity Corporate Bond Fund 60 Fidelity Tactical Fixed Income Fund 61 Fidelity Canadian Money Market Fund 62 U.S. Fidelity American High Yield Fund 63 Fidelity Floating Rate High Income Fund 64 Global Fidelity Global Bond Fund 65 Fidelity Investment Grade Total Bond Fund 66 Fidelity Multi-Sector Bond Fund 67 Fidelity Strategic Income Fund 68 MarketPulse For advisor use only.

3 FIDELITY MANAGED PORTFOLIOS Fidelity Income Portfolio 69 Fidelity Global Income Portfolio 70 Fidelity Balanced Portfolio 71 Fidelity Global Balanced Portfolio 72 Fidelity Growth Portfolio 73 Fidelity Global Growth Portfolio 74 Fidelity Balanced Managed Risk Portfolio 75 Fidelity Conservative Managed Risk Portfolio 76 LIFECYCLE S Fidelity ClearPath Income Portfolio 77 Fidelity ClearPath 2005 Portfolio 78 Fidelity ClearPath 2010 Portfolio 79 Fidelity ClearPath Portfolio 80 Fidelity ClearPath 2020 Portfolio 81 Fidelity ClearPath 2025 Portfolio 82 Fidelity ClearPath 2030 Portfolio 83 Fidelity ClearPath 2035 Portfolio 84 Fidelity ClearPath 2040 Portfolio 85 Fidelity ClearPath 2045 Portfolio 86 Fidelity ClearPath 2050 Portfolio 87 Fidelity ClearPath 2055 Portfolio 88 FIDELITY PRIVATE INVESTMENT POOLS Fidelity Canadian Equity Private Pool 89 Fidelity Concentrated Canadian Equity Private Pool 90 Fidelity Concentrated Value Private Pool 91 Fidelity U.S. Dividend Private Pool 92 Fidelity U.S. Equity Private Pool 93 Fidelity International Equity Private Pool 94 Fidelity Global Equity Private Pool 95 Fidelity Premium Fixed Income Private Pool 96 Fidelity Premium Tactical Fixed Income Private Pool 97 Fidelity Premium Money Market Private Pool 98 Fidelity Asset Allocation Private Pool 99 Fidelity Balanced Private Pool 100 Fidelity Balanced Income Private Pool 101 Fidelity Conservative Income Private Pool 102 Fidelity Global Asset Allocation Private Pool 103 Fidelity U.S. Growth and Income Private Pool 104 CURRENCY NEUTRAL Fidelity currency neutral solutions 105 FIDELITY FACTS at-a-glance 107 The Fidelity sales team 121 For advisor use only. MarketPulse

4 EQUITY S AS AT APRIL 30, 2018 Fidelity Canadian Disciplined Equity Fund, Sector 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. QUARTILE month month month year year year year Since inception Growth of since inception 4 $50,000 $40,000 $34,131 QUARTERLY TOP TEN HOLDINGS Toronto-Dominion Bank Financials Royal Bank of Canada Financials Suncor Energy Energy Canadian National Railway Industrials Brookfield Asset Management Financials Rogers Communications Telecommunication Services Canadian Natural Resources Energy Restaurant Brands International Consumer Discretionary TransCanada Corp. Energy Thomson Reuters Financials Total holdings 69 Top 10 holdings aggregate 44.3% ALLOCATION 4 STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Andrew Marchese October 10, 2000 Fund benchmark 1 S&P/TSX Capped Composite Index NAVPU - $44.18 $2.447 billion 1.11%, as at December 31, Corporate Class Canadian Equity $30,000 OCT Fund risk measures Annual Standard Deviation Beta 0.79 R Canadian Equities Foreign Equities Cash & Other EQUITY SECTOR MIX 3 (%) Financials Energy Materials Industrials Consumer Discretionary Information Technology Real Estate Consumer Staples Telecommunication Services Utilities Series A: DSC 524 LL 824 LL2 024 Series B: ISC 224 : NL 624 Series T8 (T-SWP): DSC 508 LL 808 LL2 308 Series S8 (T-SWP): ISC (T-SWP): NL 1843 Series T5 (T-SWP): DSC 1518 LL 1818 LL Series S5 (T-SWP): ISC (T-SWP): NL 1839 Volatility meter 4 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 (). 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 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

5 EQUITY S AS AT APRIL 30, 2018 Fidelity Canadian Growth Company Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Mark Schmehl QUARTILE month month month year year year year Since inception Growth of since inception 3 $60,000 $45,000 $30,000 $15,000 OCT $50, QUARTERLY TOP TEN HOLDINGS Canadian Pacific Railway Industrials Toronto-Dominion Bank Financials ebay Information Technology Agnico Eagle Mines Materials Microsoft Information Technology Shopify Information Technology Walmart Consumer Staples First Quantum Minerals Materials Etsy Information Technology Suncor Energy Energy Total holdings 108 Top 10 holdings aggregate 36.7% ALLOCATION 3 Canadian Equities Foreign Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Information Technology Energy Industrials Consumer Discretionary Materials Consumer Staples Telecommunication Services Health Care Financials October 10, 2000 Fund benchmark 1 7 S&P/TSX Capped Composite Index and 3 S&P 500 Index NAVPU - $68.57 $4.601 billion 1.11%, as at December 31, Corporate Class Canadian Focused Equity Series A: DSC 565 LL 865 LL2 065 Series B: ISC 265 : NL (T-SWP): NL (T-SWP): NL Fund risk measures 2 Annual Standard Deviation Beta 1.06 R Volatility meter 3 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 (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 2

6 EQUITY S AS AT APRIL 30, 2018 Fidelity Canadian Large Cap Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Daniel Dupont QUARTILE month month month year year year year Since inception Growth of since inception 3 $60,000 $45,000 $30,000 $15,000 OCT Fund risk measures $47, Annual Standard Deviation Beta 0.60 R QUARTERLY TOP TEN HOLDINGS SPDR Gold Trust ETF Materials Imperial Brands Consumer Staples Rogers Communications Telecommunication Services Fairfax Financial Holdings Financials Empire Company Consumer Staples Monsanto Materials Open Text Information Technology Orbital ATK Industrials CGI Information Technology NXP Semiconductors Information Technology Total holdings 50 Top 10 holdings aggregate 38.5% ALLOCATION 3 Canadian Equities Foreign Equities Foreign Bonds Canadian Bonds Cash & Other EQUITY SECTOR MIX (%) Consumer Staples Materials Financials Telecommunication Services Information Technology Industrials Energy Utilities Consumer Discretionary October 10, 2000 Fund benchmark 1 7 S&P/TSX 60 Capped Index and 3 S&P 500 Index NAVPU - $43.29 $4.710 billion 1.15%, as at December 31, Corporate Class Canadian Focused Equity Series A: DSC 531 LL 831 LL2 031 Series B: ISC 231 : NL 631 Series T8 (T-SWP): DSC 1654 LL 1656 LL Series S8 (T-SWP): ISC (T-SWP): NL 1666 Series T5 (T-SWP): DSC 1539 LL 1578 LL Series S5 (T-SWP): ISC (T-SWP): NL 1662 Volatility meter 3 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 (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

7 EQUITY S AS AT APRIL 30, 2018 Fidelity Canadian Opportunities Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Hugo Lavallée QUARTILE month month month year year year year Since inception Growth of since inception 3 $60,000 $45,000 $30,000 $15,000 OCT Fund risk measures $45, Annual Standard Deviation Beta 0.82 R QUARTERLY TOP TEN HOLDINGS Alimentation Couche-Tard Consumer Staples Loblaw Consumer Staples Restaurant Brands International Consumer Discretionary Constellation Software Information Technology Metro Consumer Staples Rogers Communications Telecommunication Services CGI Information Technology Chipotle Mexican Grill Consumer Discretionary TMX Group Financials Peyto Exploration & Development Energy Total holdings 77 Top 10 holdings aggregate 37.9% ALLOCATION 3 Canadian Equities Foreign Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Consumer Staples Consumer Discretionary Information Technology Energy Financials Materials Telecommunication Services Real Estate Utilities Industrials October 10, 2000 Fund benchmark 1 S&P/TSX Completion Index NAVPU - $22.97 $901.1 million 1.13%, as at December 31, Corporate Class Canadian Small/Mid Cap Equity Series A: DSC 515 LL 815 LL2 095 Series B: ISC 215 : NL 615 Series T8 (T-SWP): DSC 1679 LL 1680 LL Series S8 (T-SWP): ISC (T-SWP): NL 1685 Series T5 (T-SWP): DSC 1674 LL 1677 LL Series S5 (T-SWP): ISC (T-SWP): NL 1684 Volatility meter 3 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 (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 4

8 EQUITY S AS AT APRIL 30, 2018 Fidelity Dividend Fund, Focus on dividends Fidelity Dividend Fund aims to provide growth and income through exposure to Canadian opportunities in dividend-paying equities. QUARTILE month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 MAY Fund risk measures $28, Annual Standard Deviation Beta 0.34 R QUARTERLY TOP TEN HOLDINGS Toronto-Dominion Bank Financials Royal Bank of Canada Financials Fortis Utilities BCE Telecommunication Services Orbital ATK Industrials Pure Industrial Real Estate Trust Real Estate Rogers Communications Telecommunication Services Enbridge Energy Sun Life Financial Financials CSRA Information Technology Total holdings 591 Top 10 holdings aggregate 25.4% ALLOCATION 3 Canadian Equities Foreign Equities Canadian Bonds Foreign Bonds Cash & Other EQUITY SECTOR MIX 4 (%) Financials Energy Telecommunication Services Real Estate Utilities Industrials Materials Information Technology Consumer Staples Consumer Discretionary STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio managers Geoff Stein David Wolf Subportfolio managers Don Newman (equities) Catriona Martin (fixed-income) Sri Tella (fixed-income) May 25, 2005 Fund benchmark Blended index 1 NAVPU - $17.25 $1.585 billion 0.95%, as at December 31, Corporate Class Canadian Dividend & Income Equity Series A: DSC 521 LL 341 LL2 021 Series B: ISC 221 : NL 611 Series T8 (T-SWP): DSC 511 LL 335 LL2 073 Series S8 (T-SWP): ISC (T-SWP): NL 1761 Series T5 (T-SWP): DSC 1535 LL 1835 LL Series S5 (T-SWP): ISC (T-SWP): NL 1760 Volatility meter 3 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 TMX Canada Universe Bond Index and 5% S&P U.S. REIT Composite Index. Prior to October 1, the Fund s benchmark was a blend of 7 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), 1 FTSE TMX 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 7 MSCI Canada Value Index, 2 S&P/TSX Capped Income Trust Index, and 1 FTSE TMX 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 (). 3 Please refer to important information on page Percentage of total assets in equity sector. 5 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

9 EQUITY S AS AT APRIL 30, 2018 Fidelity Dividend Plus Fund 1, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Don Newman QUARTILE month month month year year year year Since inception Growth of since inception 4 $50,000 $40,000 $30,000 MAY Fund risk measures $35, Annual Standard Deviation Beta 0.58 R QUARTERLY TOP TEN HOLDINGS BCE Telecommunication Services Rogers Communications Telecommunication Services Telus Telecommunication Services Fortis Utilities Enbridge Energy TransCanada Corp. Energy Orbital ATK Industrials Pembina Pipeline Energy Pure Industrial Real Estate Trust Real Estate Emera Utilities Total holdings 83 Top 10 holdings aggregate 34.6% ALLOCATION 4 Canadian Equities Foreign Equities Foreign Bonds Canadian Bonds Cash & Other EQUITY SECTOR MIX (%) Telecommunication Services Real Estate Energy Utilities Industrials Financials Information Technology Consumer Staples Materials Consumer Discretionary May 25, 2005 Fund benchmark Blended index 2 NAVPU - $16.87 $2.667 billion 0.95%, as at December 31, Corporate Class Canadian Focused Equity Series A: DSC 523 LL 832 LL2 032 Series B: ISC 223 : NL 632 Series T8 (T-SWP): DSC 791 LL 793 LL2 794 Series S8 (T-SWP): ISC (T-SWP): NL 1759 Series T5 (T-SWP): DSC 786 LL 787 LL2 788 Series S5 (T-SWP): ISC (T-SWP): NL 1756 Volatility meter 4 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 8 blend of four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)), and 2 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 (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 6

10 EQUITY S AS AT APRIL 30, 2018 Fidelity Greater Canada Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Hugo Lavallée QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 JAN Fund risk measures $19, Annual Standard Deviation Beta 0.84 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Alimentation Couche-Tard Consumer Staples Loblaw Consumer Staples Restaurant Brands International Consumer Discretionary Constellation Software Information Technology Metro Consumer Staples Chipotle Mexican Grill Consumer Discretionary Rogers Communications Telecommunication Services GGP Real Estate CGI Information Technology SPDR Gold Trust ETF Materials Total holdings 77 Top 10 holdings aggregate 39.9% ALLOCATION 3 Canadian Equities Foreign Equities Foreign Bonds Convertibles Cash & Other EQUITY SECTOR MIX (%) Consumer Staples Consumer Discretionary Information Technology Energy Financials Materials Telecommunication Services Real Estate Health Care Industrials January 7, 2008 Fund benchmark 1 7 S&P/TSX Capped Composite Index and 3 S&P 500 Index NAVPU - $12.76 $180.0 million 1.18%, as at December 31, Corporate Class Canadian Focused Small/Mid Cap Equity Series A: DSC 1546 LL 1846 LL Series B: ISC 1246 : NL 1646 Series T8 (T-SWP): DSC 1556 LL 1856 LL Series S8 (T-SWP): ISC (T-SWP): NL 1766 Series T5 (T-SWP): DSC 1566 LL 1866 LL Series S5 (T-SWP): ISC (T-SWP): NL 1764 U.S. DOLLAR Series A: DSC 1547 LL 1847 LL Series B: ISC 1247 : NL Prior to December 1, 2008, the Fund s benchmark was 7 S&P/TSX Capped Composite Index and 3 MSCI World Index (CDN$). 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

11 EQUITY S AS AT APRIL 30, 2018 Fidelity Special Situations Fund, 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $60,000 $45,000 $30,000 $15,000 APR Fund risk measures $49, Annual Standard Deviation Beta 0.90 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS Shopify Information Technology Canadian Pacific Railway Industrials ebay Information Technology Agnico Eagle Mines Materials First Quantum Minerals Materials Etsy Information Technology Walmart Consumer Staples Norbord Materials Microsoft Information Technology West Fraser Timber Materials Total holdings 141 Top 10 holdings aggregate 32.7% ALLOCATION 2 Canadian Equities Foreign Equities Convertibles Other Investments Cash & Other EQUITY SECTOR MIX (%) Information Technology Materials Energy Consumer Discretionary Industrials Health Care Financials Consumer Staples Telecommunication Services STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Mark Schmehl April 18, 2007 Fund benchmark 7 S&P/TSX Completion Index and 3 Russell 2500 Index NAVPU - $30.99 $2.176 billion 1.11%, as at December 31, Corporate Class Canadian Focused Small/Mid Cap Equity Series A: DSC 1598 LL 1898 LL Series B: ISC 1298 : NL 1698 Series T8 (T-SWP): DSC 1723 LL 1724 LL Series S8 (T-SWP): ISC (T-SWP): NL 1729 Series T5 (T-SWP): DSC 1720 LL 1721 LL Series S5 (T-SWP): ISC (T-SWP): NL 1728 U.S. DOLLAR Series A: DSC 1599 LL 1899 LL Series B: ISC 1299 : NL Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 8

12 EQUITY S AS AT APRIL 30, 2018 Fidelity True North Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Maxime Lemieux QUARTILE month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 OCT Fund risk measures $33, Annual Standard Deviation Beta 0.66 R QUARTERLY TOP TEN HOLDINGS Toronto-Dominion Bank Financials Canadian National Railway Industrials CGI Information Technology Suncor Energy Energy Royal Bank of Canada Financials Alimentation Couche-Tard Consumer Staples Rogers Communications Telecommunication Services Constellation Software Information Technology Loblaw Consumer Staples Metro Consumer Staples Total holdings 113 Top 10 holdings aggregate 38.7% ALLOCATION 3 Canadian Equities Foreign Equities Other Investments Cash & Other EQUITY SECTOR MIX 4 (%) Financials Energy Information Technology Industrials Consumer Staples Consumer Discretionary Materials Telecommunication Services Health Care Utilities October 10, 2000 Fund benchmark 1 S&P/TSX Capped Composite Index NAVPU - $46.58 $4.681 billion 1.12%, as at December 31, Corporate Class Canadian Equity Series A: DSC 525 LL 825 LL2 036 Series B: ISC 225 : NL 625 Series T8 (T-SWP): DSC 503 LL 803 LL2 003 Series S8 (T-SWP): ISC (T-SWP): NL 1775 Series T5 (T-SWP): DSC 1513 LL 1813 LL Series S5 (T-SWP): ISC (T-SWP): NL 1774 Volatility meter 3 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 (). 3 Please refer to important information on page Contains foreign equities as a percentage of total portfolio. 9 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

13 EQUITY S AS AT APRIL 30, 2018 Fidelity American Disciplined Equity Fund, Sector 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $40,000 $30,000 JUL Fund risk measures $27, Annual Standard Deviation Beta 1.02 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS Alphabet Information Technology Amazon.com Consumer Discretionary Apple Information Technology Facebook Information Technology Intel Information Technology Danaher Health Care Becton Dickinson Health Care Visa Information Technology Broadcom Information Technology Salesforce.com Information Technology Total holdings 89 Top 10 holdings aggregate 26.5% ALLOCATION 2 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Information Technology Financials Health Care Consumer Discretionary Industrials Consumer Staples Energy Materials Utilities Real Estate STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Chandler Willett July 9, 2002 Fund benchmark S&P 500 Index NAVPU - $21.78 $1.187 billion 1.12%, as at December 31, Corporate Class Currency Neutral U.S. Equity Series A: DSC 583 LL 383 LL2 083 Series B: ISC 283 : NL 683 Series T8 (T-SWP): DSC 506 LL 806 LL2 006 Series S8 (T-SWP): ISC (T-SWP): NL 1779 Series T5 (T-SWP): DSC 1516 LL 1816 LL Series S5 (T-SWP): ISC (T-SWP): NL 1778 U.S. DOLLAR Series A: DSC 437 LL 847 LL2 047 Series B: ISC 737 : NL (T-SWP): NL (T-SWP): NL 1962 For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 10

14 EQUITY S AS AT APRIL 30, 2018 Fidelity American Equity Fund, Fidelity American Equity Fund uses a fundamental investment approach that aims to invest primarily in U.S. equity securities that are attractively valued. QUARTILE month month month year year year year Since inception Growth of since inception 3 $50,000 $40,000 $30,000 OCT Fund risk measures $25, Annual Standard Deviation Beta 0.87 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Hanesbrands Consumer Discretionary CMS Energy Utilities Charles River Laboratories Health Care Snap-on Industrials Service Corporation International Consumer Discretionary Xcel Energy Utilities Accenture Information Technology Danaher Health Care CDW Information Technology Total System Services Information Technology Total holdings 42 Top 10 holdings aggregate 42.8% ALLOCATION 3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Health Care Consumer Discretionary Information Technology Utilities Industrials Financials Consumer Staples For the currency neutral version please refer to page Prior to January 1,, 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 (). 3 Please refer to important information on page 123. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Steve MacMillan October 31, 2002 Fund benchmark 1 S&P 500 Index NAVPU - $23.80 $1.143 billion 1.13%, as at December 31, Corporate Class Currency Neutral U.S. Equity Series A: DSC 564 LL 864 LL2 064 Series B: ISC 264 : NL 638 Series T8 (T-SWP): DSC 2382 LL 2384 LL Series S8 (T-SWP): ISC (T-SWP): NL 2391 Series T5 (T-SWP): DSC 2381 LL 2383 LL Series S5 (T-SWP): ISC (T-SWP): NL 2389 U.S. DOLLAR Series A: DSC 459 LL 859 LL2 059 Series B: ISC 759 : NL 659 Series T8 (T-SWP): DSC 2393 LL 2395 LL Series S8 (T-SWP): ISC (T-SWP): NL 2401 Series T5 (T-SWP): DSC 2392 LL 2394 LL Series S5 (T-SWP): ISC (T-SWP): NL MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

15 EQUITY S AS AT APRIL 30, 2018 Fidelity Event Driven Opportunities Fund, 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. QUARTILE 3 1 month month month year year year Since inception Growth of since inception 3 $15,000 $5,000 NOV-14 25% 2 15% 1 5% Fund risk measures $16, Annual Standard Deviation Beta 1.04 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Madison Square Garden Consumer Discretionary JBG Smith Real Estate Alliance DAta Information Technology Zooplus Consumer Discretionary AO World Consumer Discretionary WisdomTree Investments Financials Brighthouse Financial Financials Waddell & Reed Financials Donnelley Financial Solutions Financials ECN Capital Financials Total holdings 45 Top 10 holdings aggregate 55.2% ALLOCATION 1,3 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Information Technology Consumer Discretionary Financials Real Estate Multi Sector Industrials Energy Consumer Staples For the currency neutral version please refer to page This Fund does not engage in short selling. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page 123. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Arvind Navaratnam November 20, Fund benchmark Russell 3000 Index NAVPU - $14.36 $160.8 million 1.17%, as at December 31, Corporate Class Currency Neutral U.S. Small & Mid Cap Equity Series A: DSC 2789 LL 2790 LL Series B: ISC 2798 : NL 2807 Series T8 (T-SWP): DSC 2795 LL 2796 LL Series S8 (T-SWP): ISC (T-SWP): NL 2809 Series T5 (T-SWP): DSC 2792 LL 2793 LL Series S5 (T-SWP): ISC (T-SWP): NL 2808 U.S. DOLLAR Series A: DSC 2817 LL 2818 LL Series B: ISC 2834 : NL 2837 Series T8 (T-SWP): DSC 2830 LL 2832 LL Series S8 (T-SWP): ISC (T-SWP): NL 2839 Series T5 (T-SWP): DSC 2820 LL 2828 LL Series S5 (T-SWP): ISC (T-SWP): NL 2838 For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 12

16 EQUITY S AS AT APRIL 30, 2018 Fidelity Small Cap America Fund, 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $60,000 $45,000 $30,000 $15,000 OCT Fund risk measures $50, Annual Standard Deviation Beta 0.55 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS Charles River Laboratories Health Care Hanesbrands Consumer Discretionary Grand Canyon Education Consumer Discretionary Service Corporation International Consumer Discretionary ServiceMaster Consumer Discretionary Maximus Information Technology Euronet Worldwide Information Technology Snap-on Industrials DST Systems Information Technology J2 Global Information Technology Total holdings 44 Top 10 holdings aggregate 50.3% ALLOCATION 2 Foreign Equities Cash & Other Other Investments EQUITY SECTOR MIX (%) Information Technology Consumer Discretionary Health Care Industrials Consumer Staples Utilities For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Steve MacMillan October 10, 2000 Fund benchmark Russell 2000 Index NAVPU - $84.64 $2.379 billion 1.14%, as at December 31, Corporate Class Currency Neutral U.S. Small & Mid Cap Equity Series A: DSC 561 LL 861 LL2 061 Series B: ISC 261 : NL 661 Series T8 (T-SWP): DSC 1703 LL 1704 LL Series S8 (T-SWP): ISC (T-SWP): NL 1709 Series T5 (T-SWP): DSC 1700 LL 1701 LL Series S5 (T-SWP): ISC (T-SWP): NL 1708 U.S. DOLLAR Series A: DSC 462 LL 862 LL2 062 Series B: ISC 762 : NL 662 Series T8 (T-SWP): DSC 1943 LL 1944 LL Series S8 (T-SWP): ISC (T-SWP): NL 1950 Series T5 (T-SWP): DSC 1939 LL 1941 LL Series S5 (T-SWP): ISC (T-SWP): NL MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

17 EQUITY S AS AT APRIL 30, 2018 Fidelity U.S. All Cap Fund, 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $30,000 JAN-13 25% 2 15% 1 5% Fund risk measures $22, Annual Standard Deviation Beta 0.90 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS Bank of America Financials Cisco Systems Information Technology UnitedHealth Group Health Care Aramark Consumer Discretionary Walmart Consumer Staples Eurofins Scientific Health Care General Dynamics Industrials Boston Scientific Health Care Northrop Grumman Industrials Chevron Energy Total holdings 154 Top 10 holdings aggregate 17.4% ALLOCATION 2 Foreign Equities Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Health Care Consumer Discretionary Information Technology Energy Industrials Consumer Staples Utilities Materials Telecommunication Services For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager John Roth January 30, Fund benchmark S&P 500 Index NAVPU - $19.43 $1.022 billion 1.16%, as at December 31, Corporate Class Currency Neutral U.S. Equity Series A: DSC 1461 LL 1462 LL Series B: ISC 1497 : NL 1500 Series T8 (T-SWP): DSC 1488 LL 1489 LL Series S8 (T-SWP): ISC (T-SWP): NL 1536 Series T5 (T-SWP): DSC 1464 LL 1466 LL Series S5 (T-SWP): ISC (T-SWP): NL 1533 U.S. DOLLAR Series A: DSC 1543 LL 1544 LL Series B: ISC 1580 : NL 1583 Series T8 (T-SWP): DSC 1554 LL 1574 LL Series S8 (T-SWP): ISC (T-SWP): NL 1585 Series T5 (T-SWP): DSC 1548 LL 1549 LL Series S5 (T-SWP): ISC (T-SWP): NL 1584 For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 14

18 EQUITY S AS AT APRIL 30, 2018 Fidelity U.S. Dividend Fund, 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $30,000 NOV Fund risk measures $21, Annual Standard Deviation Beta 1.01 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS J. P. Morgan Chase Financials Cisco Systems Information Technology Wells Fargo Financials Johnson & Johnson Health Care Bank of America Financials Verizon Communications Telecommunication Services Chubb Financials Exelon Utilities Comcast Consumer Discretionary Chevron Energy Total holdings 117 Top 10 holdings aggregate 35. ALLOCATION 2 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Health Care Consumer Staples Energy Consumer Discretionary Industrials Utilities Telecommunication Services Materials For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Ramona Persaud November 7, 2012 Fund benchmark Russell 3000 Value Index NAVPU - $18.57 $600.4 million 1.15%, as at December 31, Currency Neutral U.S. Equity Series A: DSC 905 LL 943 LL2 947 Series B: ISC 966 : NL 978 Series T8 (T-SWP): DSC 941 LL 946 LL2 958 Series S8 (T-SWP): ISC (T-SWP): NL 980 Series T5 (T-SWP): DSC 917 LL 944 LL2 954 Series S5 (T-SWP): ISC (T-SWP): NL 979 U.S. DOLLAR Series A: DSC 1016 LL 1021 LL Series B: ISC 986 : NL 995 Series T8 (T-SWP): DSC 1019 LL 1029 LL Series S8 (T-SWP): ISC (T-SWP): NL 998 Series T5 (T-SWP): DSC 1018 LL 1024 LL Series S5 (T-SWP): ISC (T-SWP): NL MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

19 EQUITY S AS AT APRIL 30, 2018 Fidelity U.S. Dividend Registered Fund, 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 highquality dividend-paying equities. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $30,000 JAN-13 25% 2 15% 1 5% $20, QUARTERLY TOP TEN HOLDINGS J. P. Morgan Chase Financials Cisco Systems Information Technology Wells Fargo Financials Johnson & Johnson Health Care Bank of America Financials Verizon Communications Telecommunication Services Chubb Financials Exelon Utilities Comcast Consumer Discretionary Chevron Energy Total holdings 116 Top 10 holdings aggregate 34.6% ALLOCATION 2 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Consumer Staples Health Care Energy Consumer Discretionary Industrials Utilities Telecommunication Services Materials STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Ramona Persaud January 30, Fund benchmark Russell 3000 Value Index NAVPU - $15.70 $335.9 million 1.16%, as at December 31, U.S. Equity Series A: DSC 1438 LL 1439 LL Series B: ISC 1454 : NL 1459 U.S. DOLLAR Series A: DSC 1451 LL 1452 LL Series B: ISC 1455 : NL % Fund risk measures 1 Annual Standard Deviation Beta 1.01 R Volatility meter 2 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 (). 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 16

20 EQUITY S AS AT APRIL 30, 2018 Fidelity U.S. Focused Stock Fund 1, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Stephen DuFour QUARTILE 3 1 month month month year year year year Since inception Growth of since inception 3 $30,000 OCT Fund risk measures $17, Annual Standard Deviation Beta 1.01 R QUARTERLY TOP TEN HOLDINGS Adobe Systems Information Technology S&P Global Financials Square Information Technology Intuit Information Technology Microsoft Information Technology Union Pacific Industrials MasterCard Information Technology Humana Health Care Bank of America Financials Charles Schwab Financials Total holdings 42 Top 10 holdings aggregate 51.1% ALLOCATION 3 Foreign Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Information Technology Financials Consumer Discretionary Health Care Industrials Energy October 10, 2000 Fund benchmark S&P 500 Index NAVPU - $54.10 $863.0 million 1.16%, as at December 31, Corporate Class Currency Neutral U.S. Equity Series A: DSC 534 LL 834 LL2 034 Series B: ISC 234 : NL 634 Series T8 (T-SWP): DSC 502 LL 802 LL2 002 Series S8 (T-SWP): ISC 202 Series T5 (T-SWP): DSC 1512 LL 1812 LL Series S5 (T-SWP): ISC 1212 U.S. DOLLAR Series A: DSC 421 LL 331 LL2 017 Series B: ISC 721 : NL 621 Volatility meter 3 For the currency neutral version please refer to page Effective February 1,, 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 (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

21 EQUITY S AS AT APRIL 30, 2018 Fidelity North American Equity Class, Class F Fidelity North American Equity Class aims to invest in high-quality companies located primarily in Canada and/or the U.S. The Class seeks to provide long-term capital growth. PERFORMANCE (CLASS F) QUARTILE 1 1 month month month year year Since inception Growth of since inception 1 $15,000 $12,120 QUARTERLY TOP TEN HOLDINGS Microsoft Information Technology Alphabet Information Technology Berkshire Hathaway Financials Bank of America Financials Canadian Pacific Railway Industrials Visa Information Technology Restaurant Brands International Consumer Discretionary Apple Information Technology CSX Industrials J. P. Morgan Chase Financials Total holdings 60 Top 10 holdings aggregate 39.2% STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Darren Lekkerkerker October 28, Fund benchmark 7 S&P 500 Index and 3 S&P/TSX Capped Composite Index NAVPU - Class F $12.04 $75.4 million Class F 1.16%, as at November 30, North American Equity $5,000 OCT-15 15% 1 5% Volatility meter ALLOCATION 1 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Information Technology Financials Industrials Health Care Consumer Discretionary Materials Energy Consumer Staples Series A: DSC 3469 LL 3470 LL Series B: ISC 3478 : NL 3481 Series T8 (T-SWP): DSC 3475 LL 3476 LL Series S8 (T-SWP): ISC (T-SWP): NL 3483 Series T5 (T-SWP): DSC 3472 LL 3473 LL Series S5 (T-SWP): ISC (T-SWP): NL 3482 U.S. DOLLAR Series A: DSC 3484 LL 3485 LL Series B: ISC 3493 : NL 3496 Series T8 (T-SWP): DSC 3490 LL 3491 LL Series S8 (T-SWP): ISC (T-SWP): NL 3498 Series T5 (T-SWP): DSC 3487 LL 3488 LL Series S5 (T-SWP): ISC (T-SWP): NL Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 18

22 EQUITY S AS AT APRIL 30, 2018 Fidelity AsiaStar Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Eileen Dibb QUARTILE month month month year year year year Since inception Growth of since inception 4 $40,000 $30,000 MAY Fund risk measures $25, Annual Standard Deviation Beta 0.96 R Volatility meter 4 QUARTERLY TOP TEN HOLDINGS Tencent Holdings Information Technology Taiwan Semiconductor Information Technology Keyence Information Technology Shenzhou International Group Consumer Discretionary HDFC Bank Financials Orix Financials Alibaba Group Information Technology Hong Kong Exchanges & Clearing Financials Marui Group Consumer Discretionary SoftBank Group Telecommunication Services Total holdings 83 Top 10 holdings aggregate 32. ALLOCATION 4 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Information Technology Consumer Discretionary Financials Health Care Consumer Staples Industrials Materials Telecommunication Services Real Estate COUNTRY MIX 3 (%) Japan Hong Kong China Australia India Taiwan United States Singapore Indonesia South Korea May 4, 2006 Fund benchmark 1 MSCI AC Asia Pacific Index NAVPU - $24.22 $98.8 million 1.21%, as at September 30, Corporate Class Asia Pacific Equity Series A: DSC 1508 LL 1808 LL Series B: ISC 1208 : NL 1608 U.S. DOLLAR Series A: DSC 1509 LL 1809 LL Series B: ISC 1209 : NL 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 (). 3 Includes cash. 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

23 EQUITY S AS AT APRIL 30, 2018 Fidelity China Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Jing Ning QUARTILE month month month year year year year Since inception Growth of since inception 3 $60,000 $45,000 $30,000 $15,000 MAY Fund risk measures $42, Annual Standard Deviation Beta 0.93 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS China Construction Bank Financials Tencent Holdings Information Technology Industrial & Commercial Bank of China Financials Alibaba Group Information Technology China Mobile Telecommunication Services China Life Insurance Financials China National Offshore Oil Energy China Overseas Land & Investment Real Estate China Petroleum & Chemical Energy China Resources Land Real Estate Total holdings 88 Top 10 holdings aggregate 48.5% ALLOCATION,3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Energy Consumer Discretionary Industrials Real Estate Materials Telecommunication Services Consumer Staples Health Care May 4, 2006 Fund benchmark 1 MSCI China Index Capped 1 NAVPU - $40.32 $156.6 million 1.18%, as at September 30, Corporate Class Greater China Equity Series A: DSC 1506 LL 1806 LL Series B: ISC 1206 : NL 1606 Series T8 (T-SWP): DSC 1892 LL 1893 LL Series S8 (T-SWP): ISC (T-SWP): NL 1903 Series T5 (T-SWP): DSC 1887 LL 1890 LL Series S5 (T-SWP): ISC (T-SWP): NL 1900 U.S. DOLLAR Series A: DSC 1507 LL 1807 LL Series B: ISC 1207 : NL 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 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 20

24 EQUITY S AS AT APRIL 30, 2018 Fidelity Emerging Markets Fund, Broad exposure to developing economies Fidelity Emerging Markets Fund offers exposure to the tremendous growth potential of emerging market nations. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Sammy Simnegar QUARTILE 3 1 month month month year year year year Since inception Growth of since inception 3 $60,000 $45,000 $30,000 $15,000 OCT Fund risk measures $31, Annual Standard Deviation Beta 0.87 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Tencent Holdings Information Technology Samsung Electronics Information Technology Alibaba Group Information Technology Taiwan Semiconductor Information Technology Naspers Consumer Discretionary Ping An Insurance Financials Itau Unibanco Holding Financials Sberbank Financials Housing Development Finance Financials Reliance Industries Energy Total holdings 138 Top 10 holdings aggregate 29.6% ALLOCATION 3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Information Technology Financials Consumer Discretionary Industrials Consumer Staples Materials Health Care Energy Utilities Telecommunication Services COUNTRY MIX 2 (%) China India United States Hong Kong Brazil South Korea South Africa Taiwan Mexico Philippines October 10, 2000 Fund benchmark MSCI Emerging Markets Index NAVPU - $22.99 $1.321 billion 1.19%, as at September 30, Corporate Class Emerging Markets Equity Series A: DSC 575 LL 875 LL2 075 Series B: ISC 275 : NL 675 U.S. DOLLAR Series A: DSC 476 LL 876 LL2 076 Series B: ISC 776 : NL Risk measures are based on 3-year net returns (). 2 Includes cash. 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

25 EQUITY S AS AT APRIL 30, 2018 Fidelity Europe Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Peter Hadden QUARTILE 3 1 month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 OCT Fund risk measures $20, Annual Standard Deviation Beta 0.96 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Unilever Consumer Staples SAP Information Technology AstraZeneca Health Care Kering Consumer Discretionary Moncler Consumer Discretionary Munich Reinsurance Financials Erste Group Bank Financials Galp Energia Energy Bayer Health Care Lundin Petroleum Energy Total holdings 52 Top 10 holdings aggregate 29. ALLOCATION 3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Financials Consumer Discretionary Consumer Staples Health Care Industrials Materials Energy Information Technology Utilities Real Estate COUNTRY MIX 2 (%) United Kingdom France Germany Netherlands Sweden Canada Italy Switzerland Spain Portugal October 10, 2000 Fund benchmark MSCI Europe Index NAVPU - $43.56 $360.6 million 1.2, as at September 30, Corporate Class European Equity Series A: DSC 428 LL 828 LL2 028 Series B: ISC 228 : NL 628 U.S. DOLLAR Series A: DSC 538 LL 838 LL2 038 Series B: ISC 748 : NL Risk measures are based on 3-year net returns (). 2 Includes cash. 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 22

26 EQUITY S AS AT APRIL 30, 2018 Fidelity Far East Fund, 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. QUARTILE 3 1 month month month year year year year Since inception Growth of since inception 3 $60,000 $45,000 $30,000 $15,000 OCT Fund risk measures $41, Annual Standard Deviation Beta 0.92 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Tencent Holdings Information Technology Taiwan Semiconductor Information Technology Alibaba Group Information Technology Industrial & Commercial Bank of China Financials CSPC Pharmaceutical Group Health Care Samsung Electronics Information Technology China Construction Bank Financials AIA Group Financials CP All Public Company Consumer Staples China Resources Beer Consumer Staples Total holdings 45 Top 10 holdings aggregate 48.8% ALLOCATION 3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Consumer Staples Materials Utilities Health Care Consumer Discretionary Energy Telecommunication Services COUNTRY MIX 2 (%) China Hong Kong Taiwan South Korea Singapore Thailand Indonesia Philippines India STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio managers Eileen Dibb Bruce MacDonald October 10, 2000 Fund benchmark MSCI AC Far East, ex Japan Index NAVPU - $56.94 $584.9 million 1.2, as at September 30, Corporate Class Asia Pacific ex Japan Equity Series A: DSC 537 LL 837 LL2 037 Series B: ISC 227 : NL 627 Series T8 (T-SWP): DSC 1743 LL 1744 LL Series S8 (T-SWP): ISC (T-SWP): NL 1749 Series T5 (T-SWP): DSC 1740 LL 1741 LL Series S5 (T-SWP): ISC (T-SWP): NL 1748 U.S. DOLLAR Series A: DSC 422 LL 811 LL2 011 Series B: ISC 722 : NL Risk measures are based on 3-year net returns (). 2 Includes cash. 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

27 EQUITY S AS AT APRIL 30, 2018 Fidelity Frontier Emerging Markets Fund 1, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Adam Kutas QUARTILE month month month year year year year Since inception Growth of since inception 5 $50,000 $40,000 $30,000 OCT Fund risk measures $26, Annual Standard Deviation Beta 0.87 R Volatility meter 5 QUARTERLY TOP TEN HOLDINGS Bancolombia Financials Grupo Financiero Galicia Financials Vietnam Dairy Products Consumer Staples Credicorp Financials BDO Unibank Financials Banco Macro Financials Safaricom Telecommunication Services Ayala Financials SM Investments Industrials Pampa Holding Utilities Total holdings 122 Top 10 holdings aggregate 27.2% ALLOCATION 5 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Financials Industrials Materials Consumer Staples Consumer Discretionary Energy Telecommunication Services Utilities Health Care COUNTRY MIX 4 (%) Argentina Philippines Colombia Vietnam South Africa Peru United Kingdom Nigeria Pakistan Bangladesh October 10, 2000 Fund benchmark 2 MSCI Frontier Emerging Markets Index NAVPU - $20.79 $71.7 million 1.23%, as at September 30, Geographic Equity Series A: DSC 551 LL 851 LL2 051 Series B: ISC 251 : NL 651 U.S. DOLLAR Series A: DSC 452 LL 342 LL2 042 Series B: ISC 752 : NL On January 15,, 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,, the Fund's benchmark was the MSCI Latin America Index. 3 Risk measures are based on 3-year net returns (). 4 Includes cash. 5 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 24

28 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Jeremy Podger QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 OCT Fund risk measures $19, Annual Standard Deviation Beta 1.13 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Royal Dutch Shell Energy Alphabet Information Technology Exelon Utilities Citigroup Financials J. P. Morgan Chase Financials Microsoft Information Technology Union Pacific Industrials Vinci Industrials Airbus Industrials Lowe's Consumer Discretionary Total holdings 117 Top 10 holdings aggregate 19.8% ALLOCATION 3 Foreign Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Information Technology Financials Health Care Energy Consumer Discretionary Industrials Real Estate Utilities Materials Consumer Staples COUNTRY MIX 4 (%) United States Japan Netherlands United Kingdom Germany Denmark France South Korea Hong Kong Thailand October 10, 2000 Fund benchmark 1 MSCI All Country World Index NAVPU - $62.81 $908.0 million 1.19%, as at September 30, Corporate Class Global Equity Series A: DSC 530 LL 830 LL2 304 Series B: ISC 230 : NL 630 Series T8 (T-SWP): DSC 504 LL 804 LL2 004 Series S8 (T-SWP): ISC (T-SWP): NL 5232 Series T5 (T-SWP): DSC 1534 LL 1834 LL Series S5 (T-SWP): ISC (T-SWP): NL 5231 U.S. DOLLAR Series A: DSC 427 LL 827 LL2 027 Series B: ISC 723 : NL 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 Includes cash. 25 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

29 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Concentrated Equity Fund, 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. QUARTILE 3 1 month month month year year year year Since inception Growth of since inception 3 $30,000 JAN Fund risk measures $19, Annual Standard Deviation Beta 0.99 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Vipshop Consumer Discretionary Avanza Bank Holding Financials Gildan Activewear Consumer Discretionary Julius Baer Gruppe Financials Jacobs Engineering Group Industrials Brenntag Industrials ServiceMaster Consumer Discretionary Pandora Consumer Discretionary Samsonite Consumer Discretionary Compass Group Consumer Discretionary Total holdings 57 Top 10 holdings aggregate 22.8% ALLOCATION 3 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Consumer Discretionary Industrials Health Care Information Technology Financials Energy Telecommunication Services Consumer Staples COUNTRY MIX 2 (%) United States United Kingdom Japan Germany Switzerland France China Canada Denmark Sweden For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Includes cash. 3 Please refer to important information on page 123. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Patrice Quirion January 30, 2002 Fund benchmark MSCI All Country World Index NAVPU - $17.43 $591.4 million 1.22%, as at September 30, Corporate Class Currency Neutral Global Equity Series A: DSC 507 LL 807 LL2 007 Series B: ISC 207 : NL 607 Series T8 (T-SWP): DSC 2361 LL 2363 LL Series S8 (T-SWP): ISC (T-SWP): NL 2369 Series T5 (T-SWP): DSC 2360 LL 2362 LL Series S5 (T-SWP): ISC (T-SWP): NL 2368 U.S. DOLLAR Series A: DSC 409 LL 809 LL2 339 Series B: ISC 709 : NL 609 Series T8 (T-SWP): DSC 2372 LL 2374 LL Series S8 (T-SWP): ISC (T-SWP): NL 2380 Series T5 (T-SWP): DSC 2370 LL 2373 LL Series S5 (T-SWP): ISC (T-SWP): NL 2379 For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 26

30 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Disciplined Equity Fund, 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. QUARTILE month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 JUL Fund risk measures $24, Annual Standard Deviation Beta 1.01 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Alphabet Information Technology Amazon.com Consumer Discretionary Broadcom Information Technology Boeing Industrials Salesforce.com Information Technology Facebook Information Technology Erste Group Bank Financials Intel Information Technology Visa Information Technology Regions Financial Financials Total holdings 103 Top 10 holdings aggregate 17.6% ALLOCATION 3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Consumer Discretionary Health Care Industrials Consumer Staples Energy Materials Real Estate Utilities COUNTRY MIX 4 (%) United States United Kingdom France Germany Japan Canada Hong Kong Sweden Austria Spain STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Chandler Willett July 9, 2002 Fund benchmark 1 MSCI All Country World Index NAVPU - $20.91 $325.2 million 1.21%, as at September 30, Corporate Class Currency Neutral Global Equity Series A: DSC 500 LL 800 LL2 008 Series B: ISC 200 : NL 600 Series T8 (T-SWP): DSC 509 LL 300 LL2 009 Series S8 (T-SWP): ISC (T-SWP): NL 5230 Series T5 (T-SWP): DSC 1529 LL 1829 LL Series S5 (T-SWP): ISC (T-SWP): NL 5229 U.S. DOLLAR Series A: DSC 479 LL 879 LL2 079 Series B: ISC 779 : NL 679 For the currency neutral version please refer to page 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 Includes cash. 27 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

31 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Dividend Fund, 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. QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 APR Fund risk measures $16, Annual Standard Deviation Beta 0.98 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Apple Information Technology Microsoft Information Technology J. P. Morgan Chase Financials British American Tobacco Consumer Staples Chevron Energy Bank of America Financials Suncor Energy Energy Amgen Health Care Unilever Consumer Staples ConocoPhillips Energy Total holdings 573 Top 10 holdings aggregate 16. ALLOCATION 3 Foreign Equities Foreign Bonds Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Consumer Staples Real Estate Information Technology Health Care Consumer Discretionary Energy Industrials Telecommunication Services Materials COUNTRY MIX 4 (%) United States United Kingdom Japan Switzerland Germany Netherlands France Hong Kong Spain Belgium The blended index is 85% MSCI AC World Index (Net), 1 FTSE EPRA/NAREIT Developed Index (Net) and 5% Bloomberg Barclays Global Aggregate Bond Index. Prior to October 1, the Fund s benchmark was a blend of 8 MSCI AC World Index (Net), 1 FTSE EPRA/NAREIT Developed Index (Net) and 1 Barclays Capital Global Aggregate Bond Index. Before October 1,, the blended benchmark was 8 MSCI AC World Index (Net), 1 FTSE EPRA/NAREIT Developed Index (Net) and 1 Barclays Capital Global Aggregate Bond Index Hedged CAD. Before March 1,, the blended benchmark was 8 MSCI High Dividend Yield Index, 1 FTSE EPRA/NAREIT Developed Index (Net) and 1 Barclays Capital Global Aggregate Bond Index Hedged CAD. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page Includes cash. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio managers Geoff Stein David Wolf Subportfolio managers Steven Buller (equities) Ramona Persaud (equities) Jeff Moore (fixed-income) Michael Foggin (fixed-income) Andrew Lewis (fixed-income) April 16, 2007 Fund benchmark Blended index 1 NAVPU - $12.46 $544.6 million 1.19%, as at September 30, Corporate Class Global Equity Series A: DSC 1540 LL 1840 LL Series B: ISC 1240 : NL 1640 Series T8 (T-SWP): DSC 1550 LL 1850 LL Series S8 (T-SWP): ISC (T-SWP): NL 1785 Series T5 (T-SWP): DSC 1560 LL 1860 LL Series S5 (T-SWP): ISC (T-SWP): NL 1784 U.S. DOLLAR Series A: DSC 1541 LL 1841 LL Series B: ISC 1241 : NL 1641 For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 28

32 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Innovators Class, Class F A flexible investment strategy focused on the innovative and disruptive companies in today s rapidly changing world. The Class leverages the strength of Fidelity s deep global research platform by seeking to invest in the most compelling opportunities across developed and emerging markets. PERFORMANCE (CLASS F) QUARTILE 1 1 month month Since inception Growth of since inception 1 $15,000 $5,000 NOV-17 8% 6% 4% 2% Volatility meter 1 $10, For the currency neutral version please refer to page Please refer to important information on page QUARTERLY TOP TEN HOLDINGS Microsoft Information Technology ebay Information Technology Etsy Information Technology CSX Industrials Walmart Consumer Staples Lennar Consumer Discretionary Shopify Information Technology Twitter Information Technology Grand Canyon Education Consumer Discretionary Mylan Health Care Total holdings 82 Top 10 holdings aggregate 37.5% ALLOCATION 1 Foreign Equities Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Information Technology Energy Consumer Discretionary Health Care Industrials Consumer Staples Materials Telecommunication Services COUNTRY MIX (%) United States Canada Zambia Netherlands Japan United Kingdom STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Mark Schmehl Subportfolio manager Brett Dley November 1, Fund benchmark NASDAQ Composite Index NAVPU - Class F $10.97 $1.165 billion Class F 1.2, as at November 30, Currency Neutral Global Equity Series A: DSC 5964 LL 5965 LL Series B: ISC 5973 : NL 5982 Series T8 (T-SWP): DSC 5970 LL 5971 LL Series S8 (T-SWP): ISC (T-SWP): NL 5984 Series T5 (T-SWP): DSC 5967 LL 5968 LL Series S5 (T-SWP): ISC (T-SWP): NL 5983 U.S. DOLLAR Series A: DSC 6108 LL 6109 LL Series B: ISC 6117 : NL 6126 Series T8 (T-SWP): DSC 6114 LL 6115 LL Series S8 (T-SWP): ISC (T-SWP): NL 6128 Series T5 (T-SWP): DSC 6111 LL 6112 LL Series S5 (T-SWP): ISC (T-SWP): NL MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

33 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Intrinsic Value Class, Class F Fidelity Global Intrinsic Value Class aims to deliver capital growth through a value investment approach that seeks to identify the unrecognized long-term potential of fundamentally solid companies. The Class invests in the highest-conviction ideas of the portfolio managers, who have the flexibility to invest in opportunities anywhere in the world. PERFORMANCE (CLASS F) QUARTILE 1 1 month month month year year Since inception Growth of since inception 1 $15,000 $5,000 MAY % 1 5% Volatility meter $14, QUARTERLY TOP TEN HOLDINGS Itochu Industrials Amgen Health Care Leopalace21 Real Estate Williams-Sonoma Consumer Discretionary MetLife Financials Yuasa Trading Industrials D.R. Horton Consumer Discretionary LyondellBasell Industries Materials Wells Fargo Financials Unum Group Financials Total holdings 611 Top 10 holdings aggregate 11.4% ALLOCATION 1 Foreign Equities Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Consumer Discretionary Industrials Financials Health Care Information Technology Materials Energy Consumer Staples Real Estate Utilities COUNTRY MIX (%) United States Japan United Kingdom Canada South Korea Netherlands France Taiwan Hong Kong Australia Portfolio managers Joel Tillinghast Salim Hart May 6, Fund benchmark MSCI World Small Cap Index NAVPU - Class F $14.33 $2.263 billion Class F 1.18%, as at November 30, Global Small/Mid Cap Equity Series A: DSC 2919 LL 2920 LL Series B: ISC 2928 : NL 2931 Series T8 (T-SWP): DSC 2925 LL 2926 LL Series S8 (T-SWP): ISC (T-SWP): NL 2933 Series T5 (T-SWP): DSC 2922 LL 2923 LL Series S5 (T-SWP): ISC (T-SWP): NL 2932 U.S. DOLLAR Series A: DSC 2934 LL 2935 LL Series B: ISC 2943 : NL 2946 Series T8 (T-SWP): DSC 2940 LL 2941 LL Series S8 (T-SWP): ISC (T-SWP): NL 2948 Series T5 (T-SWP): DSC 2937 LL 2938 LL Series S5 (T-SWP): ISC (T-SWP): NL 2947 For the currency neutral version please refer to page Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 30

34 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Large Cap Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Chandler Willett QUARTILE 3 1 month month month year year year year Since inception Growth of since inception 3 $30,000 APR Fund risk measures $22, Annual Standard Deviation Beta 1.01 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Alphabet Information Technology Amazon.com Consumer Discretionary Broadcom Information Technology Boeing Industrials Salesforce.com Information Technology Facebook Information Technology Erste Group Bank Financials Intel Information Technology Visa Information Technology Adobe Systems Information Technology Total holdings 104 Top 10 holdings aggregate 17.6% ALLOCATION 3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Consumer Discretionary Health Care Industrials Consumer Staples Energy Materials Real Estate Utilities COUNTRY MIX 2 (%) United States United Kingdom France Germany Japan Hong Kong Sweden Canada Austria Spain April 4, 2011 Fund benchmark MSCI All Country World Index NAVPU - $18.43 $147.8 million 1.22%, as at September 30, Corporate Class Currency Neutral Global Equity Series A: DSC 1033 LL 1034 LL Series B: ISC 1036 : NL 1037 Series T8 (T-SWP): DSC 1011 LL 1012 LL Series S8 (T-SWP): ISC (T-SWP): NL 5234 Series T5 (T-SWP): DSC 1043 LL 1044 LL Series S5 (T-SWP): ISC (T-SWP): NL 5233 U.S. DOLLAR Series A: DSC 1080 LL 1081 LL Series B: ISC 1083 : NL 1084 For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Includes cash. 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

35 EQUITY S AS AT APRIL 30, 2018 Fidelity Global Small Cap Fund, 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. QUARTILE 3 1 month month month year year year year Since inception Growth of since inception 3 $30,000 APR $20, QUARTERLY TOP TEN HOLDINGS Frutarom Materials UDG Healthcare Health Care Lundin Mining Materials Miura Industrials Obic Information Technology BankUnited Financials B&M Consumer Discretionary BBA Aviation Industrials Wienerberger Industrials AxoGen Health Care Total holdings 148 Top 10 holdings aggregate 14.2% ALLOCATION 3 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Industrials Information Technology Consumer Discretionary Financials Health Care Materials Real Estate Energy Consumer Staples Utilities STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio managers Shah Badkoubei Rob Feldman April 4, 2011 Fund benchmark MSCI All Country World Small Cap Index NAVPU - $18.86 $12.9 million 1.22%, as at September 30, Corporate Class Global Small/Mid Cap Equity Series A: DSC 1186 LL 1187 LL Series B: ISC 1190 : NL 1191 U.S. DOLLAR Series A: DSC 1193 LL 1194 LL Series B: ISC 1196 : NL Fund risk measures 1 Annual Standard Deviation Beta 1.08 R Volatility meter 3 COUNTRY MIX 2 (%) United States Japan United Kingdom Israel France Canada Ireland China Hong Kong Spain Risk measures are based on 3-year net returns (). 2 Includes cash. 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 32

36 EQUITY S AS AT APRIL 30, 2018 Fidelity Insights Class, Class F Fidelity Insights Class is a flexible core equity holding that seeks to identify companies that the portfolio manager believes will offer sustained, above-average earnings growth. PERFORMANCE (CLASS F) QUARTILE 1 1 month month month year Since inception Growth of since inception 1 $15,000 $5,000 JAN % 6% 4% 2% Volatility meter 1 $13, For the currency neutral version please refer to page Please refer to important information on page 123. QUARTERLY TOP TEN HOLDINGS Amazon.com Consumer Discretionary Facebook Information Technology Microsoft Information Technology Alphabet Information Technology Netflix Consumer Discretionary Bank of America Financials Berkshire Hathaway Financials J. P. Morgan Chase Financials UnitedHealth Group Health Care Salesforce.com Information Technology Total holdings 276 Top 10 holdings aggregate 30.2% ALLOCATION 1 Foreign Equities Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Information Technology Financials Consumer Discretionary Health Care Industrials Energy Materials Consumer Staples COUNTRY MIX (%) United States Canada Germany STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Will Danoff January 26, Fund benchmark S&P 500 Index NAVPU - Class F $13.16 $2.393 billion Class F 1.18%, as at November 30, Corporate Class Currency Neutral Global Equity Series A: DSC 5482 LL 5483 LL Series B: ISC 5491 : NL 5494 Series T8 (T-SWP): DSC 5488 LL 5489 LL Series S8 (T-SWP): ISC (T-SWP): NL 5496 Series T5 (T-SWP): DSC 5485 LL 5486 LL Series S5 (T-SWP): ISC (T-SWP): NL 5495 U.S. DOLLAR Series A: DSC 5501 LL 5502 LL Series B: ISC 5510 : NL 5513 Series T8 (T-SWP): DSC 5507 LL 5508 LL Series S8 (T-SWP): ISC (T-SWP): NL 5515 Series T5 (T-SWP): DSC 5504 LL 5505 LL Series S5 (T-SWP): ISC (T-SWP): NL MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

37 EQUITY S AS AT APRIL 30, 2018 Fidelity International Concentrated Equity Fund 1, Fidelity International Concentrated Equity Fund leverages Fidelity s worldwide research network to deliver a high-conviction portfolio of the manager s best international investment ideas. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Patrice Quirion QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 MAY Fund risk measures $14, Annual Standard Deviation Beta 0.98 R Volatility meter 4 QUARTERLY TOP TEN HOLDINGS Vipshop Consumer Discretionary Avanza Bank Holding Financials Compass Group Consumer Discretionary Brenntag Industrials Julius Baer Gruppe Financials Samsonite Consumer Discretionary Pandora Consumer Discretionary Continental Consumer Discretionary Bunzl Industrials Hyundai Mobis Consumer Discretionary Total holdings 50 Top 10 holdings aggregate 27.6% ALLOCATION 4 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Consumer Discretionary Industrials Information Technology Health Care Financials Energy Consumer Staples Telecommunication Services Materials COUNTRY MIX 5 (%) United Kingdom Japan Germany France China Switzerland Sweden Canada United States India May 4, 2006 Fund benchmark 2 MSCI EAFE + EM Index NAVPU - $12.15 $195.9 million 1.21%, as at September 30, Currency Neutral International Equity Series A: DSC 1502 LL 1802 LL Series B: ISC 1202 : NL 1602 U.S. DOLLAR Series A: DSC 1503 LL 1803 LL Series B: ISC 1203 : NL 1603 For the currency neutral version please refer to page On April 1,, Fidelity International Value Fund was renamed Fidelity International Concentrated Equity Fund. 2 Prior to July 1,, the Fund s benchmark was the MSCI EAFE Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page Includes cash. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 34

38 EQUITY S AS AT APRIL 30, 2018 Fidelity International Disciplined Equity Fund, Sector 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $25,000 $15,000 $5,000 MAY-06 25% 2 15% 1 5% -5% Fund risk measures $14, Annual Standard Deviation Beta 0.99 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS Nintendo Information Technology SAP Information Technology Alfa Laval Industrials AIA Group Financials East Japan Railway Industrials Capgemini Information Technology MediaTek Information Technology Erste Group Bank Financials Total Energy Anheuser-Busch Consumer Staples Total holdings 60 Top 10 holdings aggregate 27.8% ALLOCATION 2 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Industrials Consumer Discretionary Consumer Staples Health Care Materials Energy Telecommunication Services Real Estate COUNTRY MIX 3 (%) United Kingdom Germany Japan France Austria Canada Hong Kong Sweden Switzerland United States STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Chandler Willett May 4, 2006 Fund benchmark MSCI All Country World ex U.S. Index NAVPU - $11.96 $441.3 million 1.21%, as at September 30, Corporate Class Currency Neutral International Equity Series A: DSC 1504 LL 1804 LL Series B: ISC 1204 : NL 1604 Series T8 (T-SWP): DSC 1514 LL 1814 LL Series S8 (T-SWP): ISC 1214 Series T5 (T-SWP): DSC 1524 LL 1824 LL Series S5 (T-SWP): ISC 1224 U.S. DOLLAR Series A: DSC 1505 LL 1805 LL Series B: ISC 1205 : NL 1605 For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page Includes cash. 35 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

39 EQUITY S AS AT APRIL 30, 2018 Fidelity International Growth Fund, 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. QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 OCT Fund risk measures $14, Annual Standard Deviation Beta 0.94 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS CSL Limited Health Care Keyence Information Technology Nestlé Consumer Staples SAP Information Technology ASML Holding Information Technology Roche Holding Health Care AIA Group Financials MasterCard Information Technology Visa Information Technology British American Tobacco Consumer Staples Total holdings 103 Top 10 holdings aggregate 27.1% ALLOCATION 3 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Information Technology Industrials Financials Consumer Staples Health Care Consumer Discretionary Materials COUNTRY MIX 4 (%) United States Japan United Kingdom Germany Switzerland Sweden Spain Australia Ireland France Prior to October 1,, 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 (). 3 Please refer to important information on page Includes cash. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Jed Weiss October 10, 2000 Fund benchmark 1 MSCI EAFE Growth (N) Index NAVPU - $16.66 $80.2 million 1.2, as at September 30, Corporate Class International Equity Series A: DSC 570 LL 870 LL2 070 Series B: ISC 270 : NL 670 Series T8 (T-SWP): DSC 2339 LL 2342 LL Series S8 (T-SWP): ISC (T-SWP): NL 3349 Series T5 (T-SWP): DSC 2338 LL 2341 LL Series S5 (T-SWP): ISC (T-SWP): NL 3348 U.S. DOLLAR Series A: DSC 470 LL 371 LL2 071 Series B: ISC 770 : NL 671 Series T8 (T-SWP): DSC 2351 LL 2353 LL Series S8 (T-SWP): ISC (T-SWP): NL 2359 Series T5 (T-SWP): DSC 2350 LL 2352 LL Series S5 (T-SWP): ISC (T-SWP): NL 2358 For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 36

40 EQUITY S AS AT APRIL 30, 2018 Fidelity Japan Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Eileen Dibb 1 month month month year year year year Since inception Growth of since inception 2 $15,000 $5,000 OCT $8, QUARTERLY TOP TEN HOLDINGS Orix Financials Marui Group Consumer Discretionary Keyence Information Technology Nintendo Information Technology PeptiDream Health Care Sony Consumer Discretionary SoftBank Group Telecommunication Services Mitsui Fudosan Financials Nidec Industrials Asahi Group Holdings Consumer Staples Total holdings 58 Top 10 holdings aggregate 39.6% ALLOCATION 2 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Consumer Discretionary Industrials Information Technology Financials Consumer Staples Health Care Real Estate Materials Telecommunication Services October 10, 2000 Fund benchmark Tokyo Stock Exchange Index (TOPIX) NAVPU - $14.91 $72.8 million 1.22%, as at September 30, Corporate Class Geographic Equity Series A: DSC 821 LL 320 LL2 022 Series B: ISC 220 : NL 620 U.S. DOLLAR Series A: DSC 823 LL 813 LL2 023 Series B: ISC 720 : NL Fund risk measures 1 Annual Standard Deviation Beta 0.85 R Volatility meter 2 1 Risk measures are based on 3-year net returns (). 2 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

41 EQUITY S AS AT APRIL 30, 2018 Fidelity NorthStar Fund, 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. 1 month month month year year year year 8.48 Since inception 8.99 Growth of since inception 2 $50,000 $40,000 $30,000 OCT Fund risk measures $37, Annual Standard Deviation Beta 0.50 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS Anthem Health Care Imperial Brands Consumer Staples Ottogi Consumer Staples Seria Consumer Discretionary Pacific Gas & Electric Company Utilities Gilead Sciences Health Care Bed Bath & Beyond Consumer Discretionary Orbital ATK Industrials Monsanto Materials Validus Holdings Financials Total holdings 608 Top 10 holdings aggregate 20.6% ALLOCATION 2 Foreign Equities Foreign Bonds Other Investments Cash & Other EQUITY SECTOR MIX (%) Consumer Discretionary Health Care Consumer Staples Industrials Information Technology Financials Materials Utilities Energy Real Estate COUNTRY MIX 3 (%) United States Japan South Korea United Kingdom Netherlands Hong Kong Taiwan Australia Ireland China STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio managers Daniel Dupont Joel Tillinghast Associate portfolio manager Connor Gordon October 31, 2002 Fund benchmark None NAVPU - $31.78 $8.095 billion 1.17%, as at September 30, Corporate Class Currency Neutral Global Small/Mid Cap Equity Series A: DSC 553 LL 853 LL2 053 Series B: ISC 253 : NL 653 Series T8 (T-SWP): DSC 562 LL 353 LL2 343 Series S8 (T-SWP): ISC (T-SWP): NL 1789 Series T5 (T-SWP): DSC 1562 LL 1862 LL Series S5 (T-SWP): ISC (T-SWP): NL 1788 U.S. DOLLAR Series A: DSC 489 LL 319 LL2 398 Series B: ISC 789 : NL (T-SWP): NL (T-SWP): NL 1966 For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page Includes cash For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 38

42 EQUITY SECTOR S AS AT APRIL 30, 2018 Fidelity Global Consumer Industries Fund, A 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Aneta Wynimko 1 1 month month month year year year year Since inception Growth of since inception 3 $50,000 $40,000 $30,000 OCT Fund risk measures $39, Annual Standard Deviation Beta 1.06 R QUARTERLY TOP TEN HOLDINGS Amazon.com Internet & Catalog Retail LVMH Textiles, Apparel & Luxury Goods Colgate-Palmolive Household Products Kering Textiles, Apparel & Luxury Goods Nestlé Food Products Walt Disney Media L'Oréal Personal Products Estée Lauder Personal Products Diageo Beverages Alibaba Group Internet Software & Services Total holdings 74 Top 10 holdings aggregate 35.8% ALLOCATION 3 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Textiles, Apparel & Luxury Goods Personal Products Internet & Direct Marketing Retail Beverages Media COUNTRY MIX (%) United States France Japan China Switzerland United Kingdom Germany South Africa Canada Netherlands October 10, 2000 Fund benchmark 1 MSCI AC World Consumer Industries Index NAVPU - $55.22 $67.5 million 1.21%, as at September 30, Corporate Class Sector Equity Series A: DSC 512 LL 812 LL2 012 Series B: ISC 212 : NL 612 U.S. DOLLAR Series A: DSC 591 LL 891 LL2 091 Series B: ISC 291 : NL 691 Volatility meter 3 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 (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

43 EQUITY SECTOR S AS AT APRIL 30, 2018 Fidelity Global Financial Services Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Sotiris Boutsis QUARTILE month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 OCT Fund risk measures $27, Annual Standard Deviation Beta 0.95 R QUARTERLY TOP TEN HOLDINGS J. P. Morgan Chase Banks Bank of America Banks Wells Fargo Banks Berkshire Hathaway Diversified Financial Services Morgan Stanley Capital Markets AIA Group Insurance Allianz Insurance China Construction Bank Banks Credit Suisse Capital Markets Voya Financial Diversified Financial Services Total holdings 77 Top 10 holdings aggregate 31.8% ALLOCATION 3 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Banks Insurance Capital Markets Diversified Financial Services IT Services COUNTRY MIX (%) United States United Kingdom Japan Germany Hong Kong China Switzerland France Italy India October 10, 2000 Fund benchmark 1 MSCI AC World Financials Index NAVPU - $35.33 $76.7 million 1.22%, as at September 30, Corporate Class Financial Services Equity Series A: DSC 548 LL 848 LL2 048 Series B: ISC 248 : NL 608 U.S. DOLLAR Series A: DSC 588 LL 388 LL2 088 Series B: ISC 288 : NL 688 Volatility meter 3 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 (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 40

44 EQUITY SECTOR S AS AT APRIL 30, 2018 Fidelity Global Health Care Fund, 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 1 month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 OCT Fund risk measures $23, Annual Standard Deviation Beta 1.02 R QUARTERLY TOP TEN HOLDINGS UnitedHealth Group Health Care Providers & Services Abbott Laboratories Health Care Equip. & Supplies Johnson & Johnson Pharmaceuticals CSL Limited Biotechnology Novo-Nordisk Pharmaceuticals Aetna Health Care Providers & Services Eli Lilly Pharmaceuticals Boston Scientific Health Care Equip. & Supplies Thermo Fisher Scientific Life Sciences Tools & Services Stryker Health Care Equip. & Supplies Total holdings 54 Top 10 holdings aggregate 46.4% ALLOCATION 3 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Health Care Equipment & Supplies Pharmaceuticals Health Care Providers & Services Biotechnology Life Sciences Tools & Services COUNTRY MIX (%) United States Denmark Australia United Kingdom Switzerland France Germany New Zealand Spain STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio managers Alex Gold (as at December 15, ) Amit Ladha (as at December 15, ) October 10, 2000 Fund benchmark 1 MSCI AC World Health Care Index NAVPU - $46.51 $106.9 million 1.21%, as at September 30, Corporate Class Sector Equity Series A: DSC 599 LL 899 LL2 099 Series B: ISC 299 : NL 699 U.S. DOLLAR Series A: DSC 540 LL 840 LL2 344 Series B: ISC 240 : NL 640 Volatility meter 3 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 (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

45 EQUITY SECTOR S AS AT APRIL 30, 2018 Fidelity Global Natural Resources Fund, 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. QUARTILE month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 OCT-00 25% 2 15% 1 5% -5% Fund risk measures $31, Annual Standard Deviation Beta 0.80 R QUARTERLY TOP TEN HOLDINGS Royal Dutch Shell Oil, Gas & Consumable Fuels Chevron Oil, Gas & Consumable Fuels Total Oil, Gas & Consumable Fuels DowDuPont Chemicals First Quantum Minerals Metals & Mining Parkland Fuel Oil, Gas & Consumable Fuels Valero Energy Oil, Gas & Consumable Fuels Diamondback Energy Oil, Gas & Consumable Fuels Phillips 66 Oil, Gas & Consumable Fuels Methanex Chemicals Total holdings 51 Top 10 holdings aggregate 48.1% ALLOCATION 3 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Oil, Gas & Consumable Fuels Chemicals Metals & Mining Paper & Forest Products Containers & Packaging COUNTRY MIX (%) United States Canada United Kingdom France Zambia Switzerland India STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio managers Darren Lekkerkerker Joe Overdevest October 10, 2000 Fund benchmark 1 MSCI AC World Natural Resources Index NAVPU - $41.60 $133.0 million 1.18%, as at September 30, Corporate Class Natural Resources Equity Series A: DSC 577 LL 877 LL2 077 Series B: ISC 277 : NL 677 U.S. DOLLAR Series A: DSC 550 LL 850 LL2 050 Series B: ISC 250 : NL 650 Volatility meter 3 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 (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 42

46 EQUITY SECTOR S AS AT APRIL 30, 2018 Fidelity Global Real Estate Fund, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Steven Buller QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $25,000 $15,000 $5,000 MAY Fund risk measures $17, Annual Standard Deviation Beta 1.00 R Volatility meter 2 QUARTERLY TOP TEN HOLDINGS ProLogis Equity Real Estate Investment Trust Mitsui Fudosan Real Estate Management & Development UDR Equity Real Estate Investment Trust Simon Property Group Equity Real Estate Investment Trust Boston Properties Equity Real Estate Investment Trust Duke Realty Equity Real Estate Investment Trust Sun Hung Kai Properties Real Estate Management & Development LEG Immobilien Real Estate Management & Development Land Securities Group Equity Real Estate Investment Trust Hibernia Equity Real Estate Investment Trust Total holdings 87 Top 10 holdings aggregate 26.8% ALLOCATION,2 Foreign Equities Other Investments Cash & Other COUNTRY MIX (%) United States Japan United Kingdom Australia Germany Hong Kong France Singapore Ireland Canada May 4, 2006 Fund benchmark FTSE EPRA/NAREIT Developed (N) Index NAVPU - $14.11 $128.5 million 1.2, as at September 30, Corporate Class Real Estate Equity Series A: DSC 1501 LL 1801 LL Series B: ISC 1201 : NL 1601 Series T8 (T-SWP): DSC 1521 LL 1821 LL Series S8 (T-SWP): ISC (T-SWP): NL 1795 Series T5 (T-SWP): DSC 1531 LL 1831 LL Series S5 (T-SWP): ISC (T-SWP): NL 1794 U.S. DOLLAR Series A: DSC 1510 LL 1810 LL Series B: ISC 1210 : NL Risk measures are based on 3-year net returns (). 2 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

47 EQUITY SECTOR S AS AT APRIL 30, 2018 Fidelity Technology Innovators Fund 1, A focused approach to a high-growth sector Fidelity Technology Innovators Fund delivers targeted exposure to dynamic growth opportunities across the global technology sector. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Hyun Ho Sohn 2 1 month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 OCT Fund risk measures $16, Annual Standard Deviation Beta 0.95 R QUARTERLY TOP TEN HOLDINGS Alphabet Internet Software & Services Intel Semiconductors & Semiconductor Equipment Apple Technology Hardware, Storage & Peripherals SAP Software IBM IT Services Taiwan Semiconductor Semiconductors & Semiconductor Equipment Oracle Software Samsung Electronics Technology Hardware, Storage & Peripherals Qualcomm Semiconductors & Semiconductor Equipment Akamai Technologies Internet Software & Services Total holdings 64 Top 10 holdings aggregate 42.6% ALLOCATION 4 Foreign Equities Cash & Other EQUITY SECTOR MIX (%) Software Semiconductors & Semiconductor Equipment Internet Software & Services Computers & Peripherals IT Services COUNTRY MIX (%) United States Germany Taiwan South Korea Japan China United Kingdom Israel Netherlands Sweden October 10, 2000 Fund benchmark 2 MSCI ACWI (All Country World) Information Technology Index NAVPU - $39.22 $185.5 million 1.19%, as at September 30, Corporate Class Sector Equity Series A: DSC 597 LL 397 LL2 097 Series B: ISC 297 : NL 697 U.S. DOLLAR Series A: DSC 560 LL 860 LL2 060 Series B: ISC 260 : NL 660 Volatility meter 4 1 On November 1,, 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 (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 44

48 EQUITY SECTOR S AS AT APRIL 30, 2018 Fidelity Global Telecommunications Fund, A 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Portfolio manager Aditya Shivram 1 1 month month month year year year year Since inception Growth of since inception 3 $15,000 $5,000 OCT Fund risk measures $14, Annual Standard Deviation Beta 1.02 R QUARTERLY TOP TEN HOLDINGS AT&T Diversified Telecom Services Verizon Communications Diversified Telecom Services Deutsche Telekom Diversified Telecom Services China Mobile Wireless Telecom Services SoftBank Wireless Telecom Services BT Group Diversified Telecom Services Nippon Telegraph & Telephone Diversified Telecom Services Orange Diversified Telecom Services KDDI Wireless Telecom Services Singapore Telecom Diversified Telecom Services Total holdings 34 Top 10 holdings aggregate 63.6% ALLOCATION,3 Foreign Equities Other Investments EQUITY SECTOR MIX (%) Diversified Telecommunication Services Wireless Telecommunication Services Communications Equipment COUNTRY MIX (%) United States Japan Hong Kong United Kingdom Germany France Singapore Netherlands New Zealand China October 10, 2000 Fund benchmark 1 MSCI AC World Telecommunications Index NAVPU - $7.54 $4.3 million 1.23%, as at September 30, Corporate Class Sector Equity Series A: DSC 592 LL 892 LL2 092 Series B: ISC 292 : NL 692 U.S. DOLLAR Series A: DSC 492 LL 393 LL2 093 Series B: ISC 792 : NL 693 Volatility meter 3 1 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. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

49 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Canadian Asset Allocation Fund, Maximizing 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. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 OCT-00 15% 1 5% -5% Fund risk measures $27, Annual Standard Deviation Beta 0.86 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Toronto-Dominion Bank Financials Royal Bank of Canada Financials ishares Core S&P 500 ETF Multi Sector Suncor Energy Energy Loblaw Consumer Staples Metro Consumer Staples Alimentation Couche-Tard Consumer Staples Constellation Software Information Technology Restaurant Brands International Consumer Discretionary Canadian Natural Resources Energy Total holdings 1,343 Top 10 holdings aggregate 26.1% ALLOCATION 3 Canadian Equities Canadian Bonds Foreign Equities Other Investments Foreign Bonds Cash & Other EQUITY SECTOR MIX 4 (%) Financials Energy Materials Consumer Staples Information Technology Consumer Discretionary Telecommunication Services Utilities Real Estate Subportfolio managers Hugo Lavallée (equities) Darren Lekkerkerker (equities) Don Newman (equities) Joe Overdevest (equities) Catriona Martin (fixed-income) Sri Tella (fixed-income) October 10, 2000 Fund benchmark Blended index 1 NAVPU - $28.81 $4.910 billion 1.1, as at December 31, Corporate Class Canadian Equity Balanced Series A: DSC 581 LL 381 LL2 081 Series B: ISC 281 : NL 681 Series T8 (T-SWP): DSC 589 LL 889 LL2 089 Series S8 (T-SWP): ISC (T-SWP): NL 1833 Series T5 (T-SWP): DSC 1589 LL 1889 LL Series S5 (T-SWP): ISC (T-SWP): NL The blended index is 65% S&P/TSX Capped Composite Index, 3 FTSE TMX Canada Universe Bond Index and 5% FTSE TMX 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 (). 3 Please refer to important information on page Percentage of total assets in equity sector. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 46

50 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Canadian Balanced Fund, 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. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 3 $40,000 $30,000 OCT-00 15% 1 5% -5% Fund risk measures $34, Annual Standard Deviation Beta 0.98 R QUARTERLY TOP TEN HOLDINGS Toronto-Dominion Bank Financials Royal Bank of Canada Financials Canadian Pacific Railway Industrials Suncor Energy Energy Bank of Nova Scotia Financials Restaurant Brands International Consumer Discretionary Waste Connections Industrials Brookfield Asset Management Financials First Quantum Minerals Materials Methanex Materials Total holdings 1,024 Top 10 holdings aggregate 25.8% ALLOCATION 3 Canadian Equities Canadian Bonds Foreign Equities High Yield Bonds Foreign Bonds Cash & Other EQUITY SECTOR MIX 4 (%) Financials Industrials Materials Energy Information Technology Consumer Discretionary Consumer Staples Telecommunication Services Health Care Subportfolio managers Darren Lekkerkerker (equities) Catriona Martin (fixed-income) Sri Tella (fixed-income) Harley J. Lank (high-yield) October 10, 2000 Fund benchmark Blended index 1 NAVPU - $22.88 $6.695 billion 0.92%, as at December 31, Corporate Class Canadian Neutral Balanced Series A: DSC 582 LL 382 LL2 082 Series B: ISC 282 : NL 682 Series T8 (T-SWP): DSC 579 LL 369 LL2 087 Series S8 (T-SWP): ISC (T-SWP): NL 1837 Series T5 (T-SWP): DSC 1579 LL 1879 LL Series S5 (T-SWP): ISC (T-SWP): NL 1836 Volatility meter 3 1 The blended index is 5 S&P/TSX Capped Composite Index, 4 FTSE TMX Canada Universe Bond Index and 1 ICE BofAML US High Yield Constrained Index. Prior to February 1, 2012, the U.S. high-yield bond portion of the blended index was the Bank of America/ Merrill Lynch 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 (). 3 Please refer to important information on page Percentage of total assets in equity sector. 47 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

51 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Income Allocation Fund 1, Tactical allocation among income-oriented asset classes Fidelity Income Allocation Fund offers exposure to multiple fixed income asset classes and incomeoriented equities and aims to provide investors with monthly yield and total return potential in a tactical asset allocation fund. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $40,000 $30,000 MAY-05 15% 1 5% -5% Fund risk measures $28, Annual Standard Deviation Beta 0.87 R Volatility meter 4 QUARTERLY TOP TEN HOLDINGS Energy Select Sector SPDR ETF Energy SPDR Gold Trust ETF Materials Rogers Communications Telecommunication Services ishares Core S&P 500 ETF Multi Sector BCE Telecommunication Services Telus Telecommunication Services Orbital ATK Industrials TransCanada Corp. Energy Imperial Brands Consumer Staples Enbridge Energy Total holdings 2,302 Top 10 holdings aggregate 9.9% ALLOCATION 4 Canadian Bonds Foreign Equities Canadian Equities Foreign Bonds High Yield Bonds Cash & Other EQUITY SECTOR MIX 5 (%) Energy Telecommunication Services Financials Consumer Staples Information Technology Materials Industrials Real Estate Utilities Consumer Discretionary Subportfolio managers Daniel Dupont (equities) Don Newman (equities) Catriona Martin (fixed-income) Sri Tella (fixed-income) Harley J. Lank (high-yield) 1 May 25, 2005 Fund benchmark Blended index 2 NAVPU - $15.06 $2.657 billion 0.88%, as at December 31, Canadian Fixed Income Balanced Series A: DSC 594 LL 394 LL2 094 Series B: ISC 294 : NL 613 Series T8 (T-SWP): DSC 513 LL 313 LL2 013 Series S8 (T-SWP): ISC (T-SWP): NL 1753 Series T5 (T-SWP): DSC 782 LL 783 LL2 784 Series S5 (T-SWP): ISC (T-SWP): NL 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 6 FTSE TMX 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; 1 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,, the blended index was comprised of 6 FTSE TMX 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); 1 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 6 S&P/TSX Capped Income Trust Index; 15% Merrill Lynch U.S. High Yield Master II Constrained Index; 15% FTSE TMX Canada Universe Bond Index; and 1 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 (). 4 Please refer to important information on page Percentage of total assets in equity sector. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 48

52 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Monthly Income Fund, The best of income and growth Fidelity Monthly Income Fund offers a unique combination of high yielding equity and fixedincome securities, actively managed to aim to deliver a balance of income and growth. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $40,000 $30,000 NOV-03 15% 1 $31,300 QUARTERLY TOP TEN HOLDINGS SPDR Gold Trust ETF Materials Rogers Communications Telecommunication Services BCE Telecommunication Services Telus Telecommunication Services Orbital ATK Industrials TransCanada Corp. Energy Imperial Brands Consumer Staples Fairfax Financial Holdings Financials Empire Company Consumer Staples CGI Information Technology Total holdings 2,351 Top 10 holdings aggregate 14.2% ALLOCATION 4 Canadian Equities Canadian Bonds Foreign Bonds Foreign Equities High Yield Bonds Convertibles Investment Grade CMBS Other Investments Cash & Other Subportfolio managers Daniel Dupont (equities) Don Newman (equities) Catriona Martin (fixed-income) Sri Tella (fixed-income) Harley J. Lank (high-yield) 2 David Bagnani (U.S. CMBS) November 6, 2003 Fund benchmark Blended index 1 NAVPU - $16.54 $ billion 0.93%, as at December 31, Corporate Class Canadian Neutral Balanced 5% -5% Fund risk measures 3 Annual Standard Deviation Beta 0.61 R Volatility meter 4 EQUITY SECTOR MIX 5 (%) Financials Consumer Staples Telecommunication Services Energy Information Technology Materials Industrials Utilities Real Estate Multi Sector The blended benchmark is comprised of 31% FTSE TMX Canada Universe Bond Index; 21% S&P/TSX 60 Capped Index; 13.6% market capitalizationweighted blend of four S&P/TSX Industry Groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs); 12% BofA/ ML U.S. High Yield Master II Constrained (Hedged CAD); 9% S&P 500 Index; 5% 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,, the blended benchmark was comprised of 31% FTSE TMX Canada Universe Bond Index; 3 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% BofA/ML U.S. High Yield Master II Constrained (Hedged CAD); 5% 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 3 MSCI Canada Value Capped Index; 3 FTSE TMX 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); 1 Merrill Lynch U.S. High Yield Master II Constrained Index; and 1 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 3 MSCI Canada Value Index; 3 FTSE TMX Canada Universe Bond Index; 2 S&P/TSX Capped Income Trust Index; 1 Merrill Lynch U.S. High Yield Master II Constrained Index; and 1 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 4 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 (). 4 Please refer to important information on page Percentage of total assets in equity sector. Series A: DSC 569 LL 869 LL2 069 Series B: ISC 269 : NL 669 Series T8 (T-SWP): DSC 519 LL 819 LL2 019 Series S8 (T-SWP): ISC (T-SWP): NL 1751 Series T5 (T-SWP): DSC 1519 LL 1819 LL Series S5 (T-SWP): ISC (T-SWP): NL MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

53 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity American Balanced Fund, 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 month month year year Since inception 8.61 Growth of since inception 1 $15,000 $5,000 MAY-15 8% 6% 4% 2% Volatility meter $12, QUARTERLY TOP TEN HOLDINGS Hanesbrands Consumer Discretionary CMS Energy Utilities Charles River Laboratories Health Care Amazon.com Consumer Discretionary Snap-on Industrials Service Corporation International Consumer Discretionary Facebook Information Technology Xcel Energy Utilities Microsoft Information Technology Alphabet Information Technology Total holdings 2,544 Top 10 holdings aggregate 9.4% ALLOCATION 1 Foreign Equities Foreign Bonds High Yield Bonds Canadian Equities Investment Grade CMBS Other Investments Cash & Other EQUITY SECTOR MIX (%) Information Technology Consumer Discretionary Health Care Financials Industrials Utilities Materials Energy Consumer Staples Portfolio managers Geoff Stein David Wolf May 6, Fund benchmark None NAVPU - $12.47 $438.9 million 1.15%, as at September 30, Currency Neutral Global Equity Balanced Series A: DSC 2949 LL 2950 LL Series B: ISC 2958 : NL 2961 Series T8 (T-SWP): DSC 2955 LL 2956 LL Series S8 (T-SWP): ISC (T-SWP): NL 2963 Series T5 (T-SWP): DSC 2952 LL 2953 LL Series S5 (T-SWP): ISC (T-SWP): NL 2962 U.S. DOLLAR Series A: DSC 2965 LL 2966 LL Series B: ISC 2974 : NL 2977 Series T8 (T-SWP): DSC 2971 LL 2972 LL Series S8 (T-SWP): ISC (T-SWP): NL 2979 Series T5 (T-SWP): DSC 2968 LL 2969 LL Series S5 (T-SWP): ISC (T-SWP): NL 2978 For the currency neutral version please refer to page Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 50

54 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity U.S. Monthly Income Fund, 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. QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 NOV-12 25% 2 15% 1 5% -5% Fund risk measures $17, Annual Standard Deviation Beta 1.01 R Volatility meter 4 QUARTERLY TOP TEN HOLDINGS J. P. Morgan Chase Financials Cisco Systems Information Technology Wells Fargo Financials Bank of America Financials Johnson & Johnson Health Care Verizon Communications Telecommunication Services Exelon Utilities Chubb Financials Comcast Consumer Discretionary Chevron Energy Total holdings 2,459 Top 10 holdings aggregate 11.9% ALLOCATION 2,4 Foreign Equities Foreign Bonds High Yield Bonds Convertibles Other Investments Investment Grade CMBS Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Real Estate Health Care Consumer Discretionary Consumer Staples Energy Industrials Utilities Telecommunication Services For the currency neutral version please refer to page The blended index is 4 Russell 3000 Value Index, 7% FTSE NAREIT Equity REITs Index, 5% BofA/ML All U.S. Convertibles Index, 12% BofA/ML U.S. High Yield Master II Constrained Index, 5% JPM EMBI Global Diversified Index and 31% Bloomberg Barclays 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 (). 4 Please refer to important information on page 123. Portfolio managers Geoff Stein David Wolf Subportfolio managers Ramona Persaud (equities) Jeff Moore (fixed-income) Samuel Wald (fixed-income) Michael Plage (fixed-income) November 7, 2012 Fund benchmark Blended index 1 NAVPU - $18.40 $2.660 billion 1.04%, as at December 31, Currency Neutral Global Neutral Balanced Series A: DSC 1315 LL 1322 LL Series B: ISC 1330 : NL 1336 Series T8 (T-SWP): DSC 1320 LL 1325 LL Series S8 (T-SWP): ISC (T-SWP): NL 1338 Series T5 (T-SWP): DSC 1317 LL 1323 LL Series S5 (T-SWP): ISC (T-SWP): NL 1337 U.S. DOLLAR Series A: DSC 1340 LL 1343 LL Series B: ISC 1350 : NL 1354 Series T8 (T-SWP): DSC 1342 LL 1346 LL Series S8 (T-SWP): ISC (T-SWP): NL 1360 Series T5 (T-SWP): DSC 1341 LL 1345 LL Series S5 (T-SWP): ISC (T-SWP): NL MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

55 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Conservative Income Fund, 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. QUARTILE month month month year year Since inception Growth of since inception 2 $15,000 $5,000 MAY-15 4% 3% 2% 1% Volatility meter $11, QUARTERLY TOP TEN HOLDINGS Energy Select Sector SPDR ETF Energy ishares Core S&P 500 ETF Multi Sector Toronto-Dominion Bank Financials Royal Bank of Canada Financials Suncor Energy Energy Canadian National Railway Industrials Brookfield Asset Management Financials Rogers Communications Telecommunication Services Canadian Natural Resources Energy Apple Information Technology Total holdings 3,013 Top 10 holdings aggregate 7.9% ALLOCATION 2 Canadian Bonds Foreign Bonds Foreign Equities Canadian Equities High Yield Bonds Other Investments Investment Grade CMBS Cash & Other EQUITY SECTOR MIX (%) Energy Financials Multi Sector Information Technology Consumer Staples Consumer Discretionary Industrials Materials Health Care COUNTRY MIX (%) Canada United States Japan United Kingdom Netherlands Switzerland Portfolio managers Geoff Stein David Wolf May 6, Fund benchmark Blended index 1 NAVPU - $10.23 $616.2 million 0.95%, as at September 30, Global Fixed Income Balanced Series A: DSC 2723 LL 2724 LL Series B: ISC 2732 : NL 2735 Series T8 (T-SWP): DSC 2729 LL 2730 LL Series S8 (T-SWP): ISC (T-SWP): NL 2737 Series T5 (T-SWP): DSC 2726 LL 2727 LL Series S5 (T-SWP): ISC (T-SWP): NL 2736 U.S. DOLLAR Series A: DSC 2783 LL 2784 LL Series B: ISC 2849 : NL 2855 Series T8 (T-SWP): DSC 2846 LL 2847 LL Series S8 (T-SWP): ISC (T-SWP): NL 2859 Series T5 (T-SWP): DSC 2786 LL 2787 LL Series S5 (T-SWP): ISC (T-SWP): NL The blended benchmark is 12% S&P/TSX Capped Composite Index, 8% MSCI All Country World ex Canada Index, 36% FTSE TMX Canada Universe Bond Index, 24% Bloomberg Barclays Global Aggregate Bond Index and 2 FTSE TMX Canada Short Term Bond Index. 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 52

56 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Global Asset Allocation Fund, 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. Portfolio managers Ayesha Akbar Bill McQuaker QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 OCT-00 25% 2 15% 1 5% Fund risk measures $19, Annual Standard Deviation Beta 1.00 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS SPDR S&P 500 ETF Multi Sector ishares MSCI Emerging Markets ETF Multi Sector ishares MSCI EMU Index ETF Multi Sector ishares MSCI Japan ETF Multi Sector Technology Select Sector SPDR ETF Information Technology Financial Select Sector SPDR ETF Financials ishares Europe ETF Multi Sector ishares MSCI Pacific ex Japan Index ETF Multi Sector Industrials Select Sector SPDR ETF Industrials Health Care Select Sector SPDR ETF Health Care Total holdings 449 Top 10 holdings aggregate 24.4% ALLOCATION,3 Foreign Equities Foreign Bonds Other Investments Canadian Equities Cash & Other EQUITY SECTOR MIX 4 (%) Multi Sector Information Technology Financials Health Care Industrials Consumer Discretionary Energy Consumer Staples Utilities Telecommunication Services COUNTRY MIX (%) United States Canada Japan United Kingdom Multi-Country - Emerging Markets Netherlands Switzerland France China Multi-Country - Europe Subportfolio managers Matt Jones (equities) Hiten Savani (equities) Jeff Moore (fixed-income) October 10, 2000 Fund benchmark Blended index 1 NAVPU - $28.52 $399.2 million 1.27%, as at September 30, T-SWP Global Equity Balanced Series A: DSC 349 LL 849 LL2 049 Series B: ISC 249 : NL 649 Series T8 (T-SWP): DSC 559 LL 329 LL2 029 Series S8 (T-SWP): ISC (T-SWP): NL 1854 Series T5 (T-SWP): DSC 1559 LL 1859 LL Series S5 (T-SWP): ISC (T-SWP): NL 1853 U.S. DOLLAR Series A: DSC 539 LL 839 LL2 039 Series B: ISC 729 : NL The blended index is 65% MSCI AC World Index, 3 Bloomberg Barclays Global Aggregate Bond Index and 5% FTSE TMX 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 7 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 7 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 (). 3 Please refer to important information on page Percentage of total assets in equity sector. 53 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

57 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Global Monthly Income Fund, 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. QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 APR % 1 5% Fund risk measures $17, Annual Standard Deviation Beta 1.05 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Apple Information Technology Microsoft Information Technology J. P. Morgan Chase Financials British American Tobacco Consumer Staples Chevron Energy Bank of America Financials Amgen Health Care Suncor Energy Energy Unilever Consumer Staples American Tower Real Estate Total holdings 2,647 Top 10 holdings aggregate 7.7% ALLOCATION 3 Foreign Equities Foreign Bonds High Yield Bonds Convertibles Other Investments Canadian Equities Investment Grade CMBS Cash & Other EQUITY SECTOR MIX 4 (%) Financials Real Estate Information Technology Consumer Staples Consumer Discretionary Health Care Energy Industrials Materials Telecommunication Services COUNTRY MIX (%) United States United Kingdom Japan Canada Netherlands Switzerland Germany Ireland Spain France For the currency neutral version please refer to page The blended benchmark is 4 MSCI AC World Index (Net), 31% Barclays Capital Global Aggregate Bond Index, 12% BofA Global High Yield Constrained Index, 7% FTSE EPRA/NAREIT Developed (N) Index, 5% JPM EMBI Global Diversified Index and 5% BofA/ML All U.S. Convertibles Index. Before October 1,, the blended benchmark was 4 MSCI AC World Index, 31% Barclays Capital Global Aggregate Bond Index, 12% BofA/ML U.S. HY Master II Constrained Index, 7% FTSE EPRA/NAREIT Developed (N) Index, 5% JPM EMBI Global Diversified Index and 5% BofA/ML All U.S. Convertibles Index. Before March 1,, the blended benchmark was 4 MSCI World High Dividend Yield Index, 1 FTSE EPRA/NAREIT Developed (N) Index, 35% Barclays Capital Global Aggregate Bond Index Hedged CAD and 15% BofA/ML HY Master II Constrained Index Hedged CAD. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page Percentage of total assets in equity sector. Portfolio managers Geoff Stein David Wolf Subportfolio managers Ramona 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) April 18, 2007 Fund benchmark Blended index 1 NAVPU - $12.89 $3.325 billion 1.1, as at September 30, Currency Neutral Global Neutral Balanced Series A: DSC 1522 LL 1822 LL Series B: ISC 1222 : NL 1622 Series T8 (T-SWP): DSC 1532 LL 1832 LL Series S8 (T-SWP): ISC (T-SWP): NL 1849 Series T5 (T-SWP): DSC 1552 LL 1852 LL Series S5 (T-SWP): ISC (T-SWP): NL 1848 U.S. DOLLAR Series A: DSC 1523 LL 1823 LL Series B: ISC 1223 : NL 1623 For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 54

58 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity NorthStar Balanced Fund, 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 month month year year year 5.33 Since inception 8.01 Growth of since inception 1 $15,000 $5,000 MAY-14 25% 2 15% 1 5% Fund risk measures $13, Annual Standard Deviation Beta 0.86 R Volatility meter 1 QUARTERLY TOP TEN HOLDINGS Anthem Health Care Imperial Brands Consumer Staples Ottogi Consumer Staples Seria Consumer Discretionary Pacific Gas & Electric Company Utilities Gilead Sciences Health Care Bed Bath & Beyond Consumer Discretionary Orbital ATK Industrials Monsanto Materials Validus Holdings Financials Total holdings 1,700 Top 10 holdings aggregate 10.2% ALLOCATION 1 Foreign Equities Foreign Bonds High Yield Bonds Other Investments Investment Grade CMBS Cash & Other EQUITY SECTOR MIX (%) Consumer Discretionary Health Care Consumer Staples Industrials Information Technology Financials Materials Utilities Energy COUNTRY MIX (%) United States Japan United Kingdom South Korea Canada Netherlands Mexico France Hong Kong Italy Portfolio managers Geoff Stein David Wolf Subportfolio managers Daniel Dupont (equities) Joel Tillinghast (equities) Connor Gordon (equities) Jeff Moore (fixed-income) Michael Plage (fixed-income) May 28, Fund benchmark None NAVPU - $12.55 $3.175 billion 1.1, as at September 30, Currency Neutral Global Neutral Balanced Series A: DSC 2346 LL 2349 LL Series B: ISC 2407 : NL 2410 Series T8 (T-SWP): DSC 2348 LL 2403 LL Series S8 (T-SWP): ISC (T-SWP): NL 2412 Series T5 (T-SWP): DSC 2347 LL 2402 LL Series S5 (T-SWP): ISC (T-SWP): NL 2411 U.S. DOLLAR Series A: DSC 2413 LL 2416 LL Series B: ISC 2422 : NL 2425 Series T8 (T-SWP): DSC 2415 LL 2418 LL Series S8 (T-SWP): ISC (T-SWP): NL 2427 Series T5 (T-SWP): DSC 2414 LL 2417 LL Series S5 (T-SWP): ISC (T-SWP): NL 2426 For the currency neutral version please refer to page Please refer to important information on page Risk measures are based on 3-year net returns (). 55 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

59 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Tactical High Income Fund, 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 month month year year year 5.46 Since inception 8.19 Growth of since inception 1 $15,000 $5,000 MAY-14 25% 2 15% 1 5% -5% Fund risk measures $13, Annual Standard Deviation Beta 0.95 R Volatility meter 1 QUARTERLY TOP TEN HOLDINGS U.S. Treasury Note 2.25%, 12/31/23 Financials U.S. Treasury Note 2.375%, 01/31/23 Financials U.S. Treasury Note 2.25%, 11/15/27 Financials U.S. Treasury Note 2.25%, 08/15/27 Financials U.S. Treasury Note 2.375%, 05/15/27 Financials Dish Network 3.375%, 08/26 Consumer Discretionary Apple Information Technology U.S. Treasury Note 0.375%, 01/15/27 Financials U.S. Treasury Note 0.625%, 01/15/26 Financials J. P. Morgan Chase 7.9% Financials Total holdings 148 Top 10 holdings aggregate 33.4% ALLOCATION 1 Foreign Bonds Foreign Equities High Yield Bonds Convertibles Canadian Equities Cash & Other SECTOR MIX (%) Sovereign Debt Energy Banks & Thrifts Health Care Electric Utilities Technology Homebuilding/Real Estate Chemicals Services Food/Beverage/Tobacco For the currency neutral version please refer to page Please refer to important information on page Risk measures are based on 3-year net returns (). Portfolio manager Adam Kramer Subportfolio managers Ramona Persaud (equities) Ford O'Neil (fixed-income) May 28, Fund benchmark None NAVPU - $10.71 $198.5 million 1.03%, as at September 30, Currency Neutral Tactical Balanced Series A: DSC 2444 LL 2447 LL Series B: ISC 2453 : NL 2456 Series T8 (T-SWP): DSC 2446 LL 2449 LL Series S8 (T-SWP): ISC (T-SWP): NL 2458 Series T5 (T-SWP): DSC 2445 LL 2448 LL Series S5 (T-SWP): ISC (T-SWP): NL 2457 U.S. DOLLAR Series A: DSC 2459 LL 2462 LL Series B: ISC 2468 : NL 2472 Series T8 (T-SWP): DSC 2461 LL 2464 LL Series S8 (T-SWP): ISC (T-SWP): NL 2474 Series T5 (T-SWP): DSC 2460 LL 2463 LL Series S5 (T-SWP): ISC (T-SWP): NL 2473 For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 56

60 ASSET ALLOCATION AND BALANCED S AS AT APRIL 30, 2018 Fidelity Tactical Strategies Fund, 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. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 APR % 1 5% Fund risk measures $16, Annual Standard Deviation Beta 1.00 R QUARTERLY TOP TEN ISSUERS ishares Core S&P Total U.S. Stock Market ETF ishares Barclays Short Treasury Bond ETF Fidelity Insights Investment Trust ishares MSCI Japan ETF Fidelity Emerging Markets Debt Investment Trust ishares Edge MSCI USA Momentum Factor ETF Fidelity Canadian Real Return Bond Index Investment Trust Fidelity Global Bond Currency Neutral Investment Trust ishares DEX Real Return Bond Index ishares TIPS Bond ETF Total issuers 31 Top 10 issuers aggregate 87.1% ALLOCATION 3 Foreign Equities Inflation Protected Bonds Foreign Bonds Canadian Bonds Other Assets Cash & Other April 4, 2011 Fund benchmark Blended index 1 NAVPU - $12.60 $82.6 million 1.29%, as at September 30, Tactical Balanced Series A: DSC 1302 LL 1303 LL Series B: ISC 1344 : NL 1356 Series T8 (T-SWP): DSC 1400 LL 1401 LL Series S8 (T-SWP): ISC (T-SWP): NL 1414 Series T5 (T-SWP): DSC 1395 LL 1396 LL Series S5 (T-SWP): ISC (T-SWP): NL 1409 U.S. DOLLAR Series A: DSC 1415 LL 1416 LL Series B: ISC 1418 : NL 1419 Volatility meter 3 1 The blended index is 6 MSCI All Country World Index, 3 FTSE TMX Canada Universe Bond Index and 1 Bloomberg Barclays Global Aggregate Bond Index. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

61 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Canadian Bond Fund, 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. Portfolio managers Catriona Martin Sri Tella QUARTILE month month month year year year year Since inception Growth of since inception 3 $30,000 OCT-00 $23,410 QUARTERLY TOP FIVE ISSUERS Province of Ontario Government of Canada Province of Quebec Canada Housing Trust No. 1 Province of Alberta Total issuers 188 Top 5 issuers aggregate 32.6% ALLOCATION,3 Canadian Bonds Foreign Bonds Other Investments Cash & Other SECTOR MIX (%) Canadian Corporate Bonds Canadian Provincial Bonds Canadian Federal Bonds Canadian Agency Bonds Canadian Municipal Bonds October 10, 2000 Fund benchmark 1 FTSE TMX Canada Universe Bond Index NAVPU - $14.03 $9.877 billion 0.67%, as at December 31, Canadian Fixed Income Series A: DSC 533 LL 833 LL2 033 Series B: ISC 233 : NL % 6% 4% 2% % Fund risk measures 2 Annual Standard Deviation Beta 0.98 R Volatility meter 3 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 (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 58

62 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Canadian Short Term Bond Fund, 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. Portfolio managers Catriona Martin Sri Tella QUARTILE month month month year year year year Since inception Growth of since inception 3 $25,000 $15,000 $5,000 OCT-00 $18,697 QUARTERLY TOP FIVE ISSUERS Canada Housing Trust No. 1 Province of Ontario Government of Canada Royal Bank of Canada Province of Quebec Total issuers 114 Top 5 issuers aggregate 37.2% ALLOCATION 3 Canadian Bonds Foreign Bonds Other Investments Cash & Other SECTOR MIX (%) Canadian Corporate Bonds Canadian Provincial Bonds Canadian Agency Bonds Canadian Federal Bonds Canadian Municipal Bonds October 10, 2000 Fund benchmark 1 FTSE TMX Canada Short Term Bond Index NAVPU - $10.10 $803.9 million 0.6, as at December 31, Canadian Short Term Fixed Income Series A: DSC 585 LL 385 LL2 085 Series B: ISC 285 : NL 685 4% 3% 2% 1% Fund risk measures 2 Annual Standard Deviation Beta 0.99 R Volatility meter 3 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 (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

63 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Corporate Bond Fund, 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $15,000 $5,000 SEP-10 $13,385 QUARTERLY TOP FIVE ISSUERS Royal Bank of Canada Bank of Montreal Bell Canada Bank of Nova Scotia Canadian Imperial Bank of Commerce Total issuers 120 Top 5 issuers aggregate 16.8% ALLOCATION 2 Canadian Bonds Foreign Bonds High Yield Bonds Other Investments Cash & Other Portfolio managers Catriona Martin Sri Tella September 20, 2010 Fund benchmark FTSE TMX Canada All Corporate Bond Index (Capped) NAVPU - $10.74 $115.9 million 0.9, as at December 31, Canadian Corporate Fixed Income Series A: DSC 1631 LL 1632 LL Series B: ISC 1634 : NL % 6% 4% 2% % Fund risk measures 1 Annual Standard Deviation Beta 1.02 R Volatility meter 2 1 Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 60

64 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Tactical Fixed Income Fund, 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 fixedincome asset classes. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $15,000 $5,000 MAY-12 1 $11,792 QUARTERLY TOP FIVE ISSUERS Government of Canada Province of Ontario Canada Housing Trust No. 1 Province of Quebec Province of Alberta Total issuers 28 Top 5 issuers aggregate 30.4% ALLOCATION 2 Canadian Bonds Foreign Bonds High Yield Bonds Other Investments Cash & Other SECTOR MIX (%) Canadian Corporate Bonds Canadian Provincial Bonds Canadian Federal Bonds Canadian Agency Bonds Canadian Municipal Bonds Portfolio managers Catriona Martin Jeff Moore Sri Tella May 9, 2012 Fund benchmark FTSE TMX Canada Universe Bond Index NAVPU - $8.60 $236.4 million 0.81%, as at December 31, Canadian Fixed Income Series A: DSC 901 LL 902 LL2 903 Series B: ISC 797 : NL 798 8% 6% 4% 2% % Fund risk measures 1 Annual Standard Deviation Beta 0.91 R Volatility meter 2 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 (). 2 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

65 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Canadian Money Market Fund, Providing income and capital preservation Fidelity Canadian Money Market Fund aims to deliver monthly income while seeking to protect capital and liquidity. Portfolio manager Michael Widrig 1 month month month year year year year 0.75 Since inception 1.41 ALLOCATION 3 Cash & Other 98.0 Treasury Bills 2.0 November 8, 2004 NAVPU - 1 $10.00 $1.007 billion 0.51%, as at December 31, Canadian Money Market Growth of since inception 3 $15,000 $5,000 NOV-04 3% $12,082 Series A: DSC 535 LL 835 LL2 829 Series B: ISC 229 : NL 635 Series C 2 : DSC 499 LL 399 LL2 396 Series D 2 : ISC 799 2% 1% Volatility meter 3 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 singleticket 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 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 62

66 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity American High Yield Fund 1, 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. Portfolio manager Harley J. Lank QUARTILE month month month year year year year Since inception Growth of since inception 4 $40,000 $30,000 OCT % 1 5% $27, QUARTERLY TOP FIVE ISSUERS APX Group Ally Financial Chesapeake Energy Tenet Healthcare Dynegy Total issuers 326 Top 5 issuers aggregate 12.1% ALLOCATION 4 High Yield Bonds Foreign Bonds Foreign Equities Other Investments Cash & Other SECTOR MIX (%) Energy Health Care Telecommunications Banks & Thrifts Technology Electric Utilities Cable TV Services Diversified Financial Services Chemicals October 10, 2000 Fund investment objective change September 13, 1999 Fund benchmark 2 ICE BofAML U.S. High Yield Constrained Index Hedged CAD NAVPU - $9.06 $3.146 billion 1.07%, as at December 31, Currency Neutral High Yield Fixed Income Series A: DSC 555 LL 855 LL2 055 Series B: ISC 255 : NL 655 U.S. DOLLAR Series A: DSC 456 LL 346 LL2 056 Series B: ISC 756 : NL 656 Fund risk measures 3 Annual Standard Deviation Beta 0.99 R Volatility meter 4 For the currency neutral version please refer to page 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 (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

67 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Floating Rate High Income Fund, 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. Portfolio managers Eric Mollenhauer Kevin Nielsen QUARTILE 2 1 month month month year year year Since inception Growth of since inception 2 $15,000 $5,000 OCT % 1 5% $14, QUARTERLY TOP FIVE ISSUERS Caesars Resort Collection Intelsat Jackson Holdings Albertsons Asurion Bass Pro Shops Total issuers 369 Top 5 issuers aggregate 7.2% ALLOCATION 2 High Yield Bonds Foreign Bonds Other Investments Cash & Other SECTOR MIX (%) Technology Telecommunications Gaming Services Health Care Energy Containers Food & Drug Retail Diversified Financial Services Super Retail October 16, Fund benchmark S&P/LSTA Leveraged Loan Index NAVPU - $11.89 $306.8 million 1.01%, as at December 31, Currency Neutral Floating Rate Loans Series A: DSC 2175 LL 2176 LL Series B: ISC 2187 : NL 2188 U.S. DOLLAR Series A: DSC 2178 LL 2179 LL Series B: ISC 2190 : NL % Fund risk measures 1 Annual Standard Deviation Beta 1.00 R Volatility meter 2 For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 64

68 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Global Bond Fund, 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. QUARTILE 2 1 month month month year year year year Since inception Growth of since inception 2 $15,000 $5,000 APR % 1 5% $15, QUARTERLY TOP FIVE ISSUERS United States Treasury Government of Japan United Kingdom, Great Britain & Northern Ireland Credit Suisse UBS Total issuers 168 Top 5 issuers aggregate 35.8% ALLOCATION 2 Foreign Bonds Canadian Bonds High Yield Bonds Other Investments Cash & Other COUNTRY MIX (%) United States Japan United Kingdom Netherlands France Canada Switzerland Ireland Italy Spain Portfolio managers Michael Foggin Andrew Lewis Jeff Moore April 13, 2007 Fund benchmark Bloomberg Barclays Global Aggregate Bond Index NAVPU - $11.69 $194.8 million 0.92%, as at September 30, Currency Neutral Global Fixed Income Series A: DSC 1525 LL 1825 LL Series B: ISC 1225 : NL 1625 U.S. DOLLAR Series A: DSC 1526 LL 1826 LL Series B: ISC 1226 : NL % Fund risk measures 1 Annual Standard Deviation Beta 0.94 R Volatility meter 2 For the currency neutral version please refer to page Risk measures are based on 3-year net returns (). 2 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

69 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Investment Grade Total Bond Fund, Harnessing 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. Portfolio managers Jeff Moore Michael Plage QUARTILE 1 1 month month Since inception Growth of since inception 1 $15,000 $5,000 JAN-18 Volatility meter 1 $10,267 QUARTERLY TOP FIVE ISSUERS United States Treasury CVS Health Barclays Petroleos Mexicanos Anadarko Petroleum Total issuers 31 Top 5 issuers aggregate 53.7% ALLOCATION 1 Foreign Bonds High Yield Bonds Canadian Bonds Futures, Options & Swaps Other Investments Cash & Other January 24, 2018 Fund benchmark Bloomberg Barclays U.S. Aggregate Bond Index NAVPU - $10.23 $80.3 million Currency Neutral Global Fixed Income Series A: DSC 6136 LL 6137 LL Series B: ISC 6139 : NL 6140 U.S. DOLLAR Series A: DSC 6152 LL 6153 LL Series B: ISC 6155 : NL 6156 For the currency neutral version please refer to page Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 66

70 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Multi-Sector Bond Fund, Seeks to offer investors attractive total return and income with the flexibility to navigate changing fixed-income markets. Portfolio managers Jeff Moore Michael Plage 1 month month month Since inception Growth of since inception 1 $15,000 $5,000 MAY-17 3% 2% 1% Volatility meter 1 $9, QUARTERLY TOP FIVE ISSUERS United States Treasury Bank of Nova Scotia Freeport-McMoRan United Mexican States DCP Midstream Total issuers 55 Top 5 issuers aggregate 36.8% ALLOCATION 1 Foreign Bonds High Yield Bonds Canadian Bonds Investment Grade CMBS Futures, Options & Swaps Other Investments Cash & Other May 10, Fund benchmark Bloomberg Barclays U.S. Aggregate Bond Index NAVPU - $9.31 $356.0 million 0.92%, as at September 30, Currency Neutral Global Fixed Income Series A: DSC 5721 LL 5722 LL Series B: ISC 5724 : NL 5730 U.S. DOLLAR Series A: DSC 5737 LL 5738 LL Series B: ISC 5740 : NL 5746 For the currency neutral version please refer to page Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

71 FIXED-INCOME S AS AT APRIL 30, 2018 Fidelity Strategic Income Fund, 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. Portfolio managers Adam Kramer Ford O'Neil QUARTILE month month month year year Since inception Growth of since inception 2 $15,000 $5,000 MAY-15 8% 6% 4% 2% Volatility meter $11, QUARTERLY TOP TEN HOLDINGS United Rentals Industrials LyondellBasell Industries Materials Allergan Health Care Nationwide Financials HCA Healthcare Health Care Dynegy Utilities Linn Energy Energy US Foods Holding Consumer Staples General Motors Consumer Discretionary Aptiv Consumer Discretionary Total holdings 1,615 Top 10 holdings aggregate 1. ALLOCATION 2 Foreign Bonds High Yield Bonds Futures, Options & Swaps Investment Grade CMBS Foreign Equities Other Investments Cash & Other COUNTRY MIX (%) United States Canada Japan United Kingdom Netherlands Argentina Luxembourg Ireland Brazil Mexico May 6, Fund benchmark Blended index 1 NAVPU - $10.36 $323.8 million 0.93%, as at September 30, Currency Neutral High Yield Fixed Income Series A: DSC 2712 LL 2713 LL Series B: ISC 2715 : NL 2716 U.S. DOLLAR Series A: DSC 2718 LL 2719 LL Series B: ISC 2721 : NL 2722 For the currency neutral version please refer to page The blended benchmark is 4 BofA/ML U.S. High Yield Master II Constrained Index, 5% S&P/LSTA Leveraged Loan Index, 25% Bloomberg Barclays Global Aggregate Bond Index, 15% Barclays U.S. Government Bond Index and 15% JP Morgan EMBI Global Diversified Index. 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 68

72 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Income Portfolio 1, 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. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 APR-07 15% 1 5% -5% Fund risk measures $17, Annual Standard Deviation Beta 1.18 R Volatility meter 4 ALLOCATION TO S (%) Canadian Equities 18.0 Fidelity Canadian Disciplined Equity Fund Fidelity True North Fund Fidelity Dividend Fund Fidelity Canadian Growth Company Fund Fidelity Canadian Large Cap Fund Fidelity Canadian Opportunities Fund U.S. Equities Energy Select Sector SPDR ETF Fidelity U.S. All Cap Fund ishares Core S&P 500 ETF Fidelity Small Cap America Fund International Equities Fidelity Global Dividend Investment Trust Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Fidelity Global Intrinsic Value Investment Trust Fidelity Insights Investment Trust Fidelity Global Real Estate Investment Trust Fidelity Frontier Emerging Markets Fund MSCI Emerging Markets Futures Investment-Grade Debt Fidelity Canadian Bond Fund Fidelity Global Bond Investment Trust Fidelity Canadian Short Term Fixed Income Investment Trust Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity High Income Commercial Real Estate Investment Trust Fidelity Floating Rate High Income Fund Fidelity Convertible Securities Investment Trust Fidelity American High Yield Fund Money Market/Cash & Net Other Assets Other Fidelity Canadian Money Market Fund Cash Futures Collateral April 18, 2007 Fund benchmark Blended index 2 NAVPU - $11.70 $654.1 million 1.01%, as at December 31, Corporate Class Global Fixed Income Balanced Series A: DSC 2501 LL 2801 LL Series B: ISC 2201 : NL 2601 Series T8 (T-SWP): DSC 2511 LL 2811 LL Series S8 (T-SWP): ISC (T-SWP): NL 2611 Series T5 (T-SWP): DSC 2521 LL 2821 LL Series S5 (T-SWP): ISC (T-SWP): NL On January 15,, 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 benchmark is 24% S&P/TSX Capped Composite Index, 16% MSCI All Country World ex Canada Index, 18% Bloomberg Barclays Global Aggregate Bond Index, 27% FTSE TMX Canada Universe Bond Index and 15% FTSE TMX Canada 91 Day T-Bill Index. Prior to October 1,, the benchmark was 1 S&P/TSX Capped Composite Index, 11% Bloomberg Barclays Global Aggregate Bond Index Hedged CAD, 1 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 TMX Canada Universe Bond Index, 1 FTSE TMX Canada Short Term Bond Index and 3% of a blend represented by 8 allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 2 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). 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

73 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Global Income Portfolio 1, 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. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 APR-07 12% 1 8% 6% 4% 2% Fund risk measures $18, Annual Standard Deviation Beta 1.19 R Volatility meter 4 ALLOCATION TO S (%) Canadian Equities 8.4 Fidelity Canadian Disciplined Equity Fund Fidelity True North Fund Fidelity Canadian Growth Company Fund Fidelity Dividend Fund Fidelity Canadian Opportunities Fund Fidelity Canadian Large Cap Fund U.S. Equities Fidelity U.S. All Cap Fund Energy Select Sector SPDR ETF Fidelity Small Cap America Fund ishares Core S&P 500 ETF International Equities Fidelity Global Dividend Investment Trust Fidelity International Growth Investment Trust Fidelity Emerging Markets Fund Fidelity Global Intrinsic Value Investment Trust Fidelity Insights Investment Trust Fidelity Global Real Estate Investment Trust Fidelity Frontier Emerging Markets Fund MSCI Emerging Markets Futures Investment-Grade Debt Fidelity Global Bond Investment Trust Fidelity Canadian Short Term Fixed Income Investment Trust Fidelity Canadian Bond Fund ishares TIPS Bond ETF High-Yield Debt Fidelity High Income Commercial Real Estate Investment Trust Fidelity Floating Rate High Income Fund Fidelity Convertible Securities Investment Trust Fidelity Emerging Markets Debt Investment Trust Fidelity Global High Yield Investment Trust Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other Cash Futures Collateral April 18, 2007 Fund benchmark Blended index 2 NAVPU - $12.93 $1.263 billion 1.01%, as at December 31, Corporate Class Global Fixed Income Balanced Series A: DSC 2502 LL 2802 LL Series B: ISC 2202 : NL 2602 Series T8 (T-SWP): DSC 2512 LL 2812 LL Series S8 (T-SWP): ISC (T-SWP): NL 2612 Series T5 (T-SWP): DSC 2522 LL 2822 LL Series S5 (T-SWP): ISC (T-SWP): NL On January 15,, 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 benchmark is 14% S&P/TSX Capped Composite Index, 26% MSCI All Country World ex Canada Index, 29% Bloomberg Barclays Global Aggregate Bond Index, 16% FTSE TMX Canada Universe Bond Index and 15% FTSE TMX Canada 91 Day T-Bill Index. Prior to October 1,, the benchmark was 1 S&P/TSX Capped Composite Index, 31.5% Bloomberg Barclays Global Aggregate Bond Index Hedged CAD, 15% 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 TMX Canada Universe Bond Index, 5% FTSE TMX Canada Short Term Bond Index and 2% of a blend represented by 8 allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 2 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). 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 70

74 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Balanced Portfolio 1, 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 fixedincome securities. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 APR-07 15% 1 5% -5% Fund risk measures $18, Annual Standard Deviation Beta 1.10 R Volatility meter 4 ALLOCATION TO S (%) Canadian Equities 30.9 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Growth Company Fund Fidelity True North Fund Fidelity Canadian Large Cap Fund Fidelity Canadian Opportunities Fund U.S. Equities Fidelity U.S. All Cap Fund Energy Select Sector SPDR ETF Fidelity U.S. Focused Stock Fund Fidelity Small Cap America Fund ishares Core S&P 500 ETF International Equities Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Fidelity Global Intrinsic Value Investment Trust Fidelity International Equity Investment Trust Fidelity Insights Investment Trust Fidelity Global Real Estate Investment Trust Fidelity Frontier Emerging Markets Fund MSCI Emerging Markets Futures Investment-Grade Debt Fidelity Global Bond Investment Trust Fidelity Canadian Bond Fund Fidelity Canadian Short Term Fixed Income Investment Trust Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity Floating Rate High Income Fund Fidelity Convertible Securities Investment Trust Fidelity American High Yield Fund Money Market/Cash & Net Other Assets Other Fidelity Canadian Money Market Fund Cash Futures Collateral April 18, 2007 Fund benchmark Blended index 2 NAVPU - $12.30 $1.121 billion 1.1, as at December 31, Corporate Class Global Neutral Balanced Series A: DSC 2503 LL 2803 LL Series B: ISC 2203 : NL 2603 Series T8 (T-SWP): DSC 2513 LL 2813 LL2 Series S8 (T-SWP): ISC (T-SWP): NL 2613 Series T5 (T-SWP): DSC 2523 LL 2823 LL Series S5 (T-SWP): ISC (T-SWP): NL On January 15,, 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 benchmark is 36% S&P/TSX Capped Composite Index, 24% MSCI All Country World ex Canada Index, 14% Bloomberg Barclays Global Aggregate Bond Index, 21% FTSE TMX Canada Universe Bond Index and 5% FTSE TMX Canada 91 Day T-Bill Index. Prior to October 1,, the benchmark was 12.5% S&P/TSX Capped Composite Index, 5.5% Bloomberg Barclays Global Aggregate Bond Index Hedged CAD, 5% BofA/ML U.S. High Yield Master II Constrained Index Hedged CAD, 1 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 TMX Canada Universe Bond Index, 1 S&P 500 Index, 2% of a blend represented by 8 allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 2 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. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

75 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Global Balanced Portfolio 1, 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 fixedincome securities. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 APR % 1 5% Fund risk measures $18, Annual Standard Deviation Beta 1.15 R Volatility meter 4 ALLOCATION TO S (%) Canadian Equities 15.5 Fidelity Canadian Growth Company Fund Fidelity Canadian Disciplined Equity Fund Fidelity True North Fund Fidelity Canadian Large Cap Fund Fidelity Canadian Opportunities Fund U.S. Equities Fidelity U.S. All Cap Fund Fidelity U.S. Focused Stock Fund Energy Select Sector SPDR ETF ishares Core S&P 500 ETF Fidelity Small Cap America Fund International Equities Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Fidelity Global Intrinsic Value Investment Trust Fidelity International Equity Investment Trust Fidelity Insights Investment Trust Fidelity Global Real Estate Investment Trust Fidelity Frontier Emerging Markets Fund MSCI Emerging Markets Futures Investment-Grade Debt Fidelity Global Bond Investment Trust Fidelity Canadian Bond Fund Fidelity Canadian Short Term Fixed Income Investment Trust ishares TIPS Bond ETF High-Yield Debt Fidelity Floating Rate High Income Fund Fidelity Convertible Securities Investment Trust Fidelity Global High Yield Investment Trust Fidelity Emerging Markets Debt Investment Trust Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other Cash Futures Collateral April 18, 2007 Fund benchmark Blended index 2 NAVPU - $13.50 $3.263 billion 1.11%, as at December 31, Corporate Class Global Neutral Balanced Series A: DSC 2504 LL 2804 LL Series B: ISC 2204 : NL 2604 Series T8 (T-SWP): DSC 2514 LL 2814 LL2 Series S8 (T-SWP): ISC (T-SWP): NL 2614 Series T5 (T-SWP): DSC 2524 LL 2824 LL Series S5 (T-SWP): ISC (T-SWP): NL On January 15,, 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 benchmark is 21% S&P/TSX Capped Composite Index, 39% MSCI All Country World ex Canada Index, 23% Bloomberg Barclays Global Aggregate Bond Index, 12% FTSE TMX Canada Universe Bond Index and 5% FTSE TMX Canada 91 Day T-Bill Index. Prior to October 1,, the benchmark was 1 S&P/TSX Capped Composite Index, 18.5% Bloomberg Barclays Global Aggregate Bond Index Hedged CAD, 7.5% BofA/ML U.S. High Yield Master II Constrained Index Hedged CAD, 1 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 TMX Canada Universe Bond Index, 1 S&P 500 Index, 1% of a blend represented by 8 allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 2 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 1 S&P/TSX Completion Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 72

76 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Growth Portfolio 1, 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. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 APR-07 25% 2 15% 1 5% -5% Fund risk measures $19, Annual Standard Deviation Beta 0.98 R ALLOCATION TO S (%) Canadian Equities 44.2 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Growth Company Fund Fidelity True North Fund Fidelity Canadian Large Cap Fund Fidelity Canadian Opportunities Fund U.S. Equities Fidelity U.S. All Cap Fund Energy Select Sector SPDR ETF ishares Core S&P 500 ETF Fidelity U.S. Focused Stock Fund Fidelity Small Cap America Fund International Equities Fidelity International Growth Investment Trust Fidelity Emerging Markets Fund Fidelity Insights Investment Trust Fidelity Global Intrinsic Value Investment Trust Fidelity Global Real Estate Investment Trust Fidelity Frontier Emerging Markets Fund MSCI Emerging Markets Futures Investment-Grade Debt Fidelity Global Bond Investment Trust Fidelity Canadian Bond Fund Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity American High Yield Fund Fidelity Convertible Securities Investment Trust Money Market/Cash & Net Other Assets Other Fidelity Canadian Money Market Fund Cash Futures Collateral April 18, 2007 Fund benchmark Blended index 2 NAVPU - $14.37 $376.9 million 1.17%, as at December 31, Corporate Class Global Equity Balanced Series A: DSC 2505 LL 2805 LL Series B: ISC 2205 : NL 2605 Series T8 (T-SWP): DSC 2515 LL 2815 LL2 Series S8 (T-SWP): ISC (T-SWP): NL 2615 Series T5 (T-SWP): DSC 2525 LL 2825 LL Series S5 (T-SWP): ISC (T-SWP): NL 2625 Volatility meter 4 1 On January 15,, 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 benchmark is 51% S&P/TSX Capped Composite Index, 34% MSCI All Country World ex Canada Index, 6% Bloomberg Barclays Global Aggregate Bond Index and 9% FTSE TMX Canada Universe Bond Index. Prior to October 1,, 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, 1 FTSE EPRA/NAREIT Developed (N) Index, 16% FTSE TMX Canada Universe Bond Index, 12.5% S&P 500 Index, 2% of a blend represented by 8 allocation to four S&P/TSX industry groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs (market capitalization weighted)) and a 2 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. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

77 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Global Growth Portfolio 1, 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. Portfolio managers Geoff Stein David Wolf QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 APR-07 25% 2 15% 1 5% Fund risk measures $19, Annual Standard Deviation Beta 1.07 R ALLOCATION TO S (%) Canadian Equities 21.8 Fidelity Canadian Growth Company Fund Fidelity True North Fund Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity Canadian Opportunities Fund U.S. Equities Fidelity U.S. All Cap Fund Fidelity U.S. Focused Stock Fund Energy Select Sector SPDR ETF ishares Core S&P 500 ETF Fidelity Small Cap America Fund International Equities Fidelity International Growth Investment Trust Fidelity Emerging Markets Fund Fidelity Global Intrinsic Value Investment Trust Fidelity Insights Investment Trust Fidelity Global Real Estate Investment Trust Fidelity Frontier Emerging Markets Fund MSCI Emerging Markets Futures Investment-Grade Debt Fidelity Global Bond Investment Trust ishares TIPS Bond ETF High-Yield Debt Fidelity Global High Yield Investment Trust Fidelity Convertible Securities Investment Trust Money Market/Cash & Net Other Assets Other Fidelity Canadian Money Market Fund Cash Futures Collateral April 18, 2007 Fund benchmark Blended index 2 NAVPU - $16.10 $895.8 million 1.18%, as at December 31, Corporate Class Global Equity Balanced Series A: DSC 2506 LL 2806 LL Series B: ISC 2206 : NL 2606 Series T8 (T-SWP): DSC 2516 LL 2816 LL2 Series S8 (T-SWP): ISC (T-SWP): NL 2616 Series T5 (T-SWP): DSC 2526 LL 2826 LL Series S5 (T-SWP): ISC (T-SWP): NL 2626 Volatility meter 4 1 On January 15,, 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 benchmark is 3 S&P/TSX Capped Composite Index, 55% MSCI All Country World ex Canada Index, 1 Bloomberg Barclays Global Aggregate Bond Index and 5% FTSE TMX Canada Universe Bond Index. Prior to October 1,, the benchmark was 12.5% S&P/TSX Capped Composite Index, 10.5% Bloomberg Barclays Global Aggregate Bond Index Hedged CAD, 5% 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, 1 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. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 74

78 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Balanced Managed Risk Portfolio, 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. QUARTILE month month month year Since inception Growth of since inception 2 $15,000 $5,000 NOV % 6% 4% 2% -2% Volatility meter $10, QUARTERLY TOP TEN ISSUERS Fidelity Global Intrinsic Value Investment Trust Fidelity Canadian Short Term Bond Fund United States Treasury Bond Fidelity Canadian Bond Fund Fidelity Canadian Real Return Bond Index Investment Trust ishares TIPS Bond ETF Fidelity Global Natural Resources Fund Fidelity Global Credit Ex-U.S. Investment Trust Government of Canada Province of Ontario Total issuers 251 Top 10 issuers aggregate 65.9% ALLOCATION 2 Foreign Equities Canadian Bonds Canadian Equities Foreign Bonds Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Consumer Discretionary Industrials Energy Health Care Consumer Staples Materials Information Technology Utilities Real Estate COUNTRY MIX (%) Canada United States Japan United Kingdom Australia France Portfolio managers Geoff Stein David Wolf November 16, Fund benchmark Blended index 1 NAVPU - $10.46 $151.6 million 1.12%, as at December 31, Global Neutral Balanced Series A: DSC 5190 LL 5254 LL Series B: ISC 5260 : NL 5263 Series T8 (T-SWP): DSC 5253 LL 5256 LL Series S8 (T-SWP): ISC (T-SWP): NL 5265 Series T5 (T-SWP): DSC 5252 LL 5255 LL Series S5 (T-SWP): ISC (T-SWP): NL 5264 U.S. DOLLAR Series A: DSC 5271 LL 5274 LL Series B: ISC 5280 : NL 5283 Series T8 (T-SWP): DSC 5273 LL 5276 LL Series S8 (T-SWP): ISC (T-SWP): NL 5285 Series T5 (T-SWP): DSC 5272 LL 5275 LL Series S5 (T-SWP): ISC (T-SWP): NL The blended benchmark is 2 S&P/TSX Capped Composite; 2 MSCI World Small Cap; 2 MSCI World ex-canada (N); 15% FTSE TMX Canada Universe Bond; 1 FTSE TMX Canada Long Term Government Bond; 1 Barclays Long Term U.S. Treasury; and 5% FTSE TMX Canada Short Term Bond. 2 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

79 FIDELITY MANAGED PORTFOLIOS AS AT APRIL 30, 2018 Fidelity Conservative Managed Risk Portfolio, Fidelity 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. QUARTILE month month month year Since inception Growth of since inception 2 $15,000 $5,000 NOV-16 8% 6% 4% 2% -2% Volatility meter $10, QUARTERLY TOP TEN ISSUERS Fidelity Canadian Short Term Bond Fund Fidelity Canadian Bond Fund Fidelity Global Intrinsic Value Investment Trust United States Treasury Bond Fidelity Canadian Real Return Bond Index Investment Trust ishares TIPS Bond ETF Fidelity Global Natural Resources Fund Government of Canada Fidelity Global Credit Ex-U.S. Investment Trust Province of Ontario Total issuers 251 Top 10 issuers aggregate 74.9% ALLOCATION 2 Canadian Bonds Foreign Equities Foreign Bonds Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Consumer Discretionary Energy Industrials Materials Consumer Staples Health Care Information Technology Utilities Real Estate COUNTRY MIX (%) Canada United States Japan United Kingdom Portfolio managers Geoff Stein David Wolf November 16, Fund benchmark Blended index 1 NAVPU - $10.19 $81.6 million 1.01%, as at December 31, Global Fixed Income Balanced Series A: DSC 5290 LL 5293 LL Series B: ISC 5299 : NL 5302 Series T8 (T-SWP): DSC 5292 LL 5295 LL Series S8 (T-SWP): ISC (T-SWP): NL 5304 Series T5 (T-SWP): DSC 5291 LL 5294 LL Series S5 (T-SWP): ISC (T-SWP): NL 5303 U.S. DOLLAR Series A: DSC 5310 LL 5313 LL Series B: ISC 5319 : NL 5322 Series T8 (T-SWP): DSC 5312 LL 5315 LL Series S8 (T-SWP): ISC (T-SWP): NL 5324 Series T5 (T-SWP): DSC 5311 LL 5314 LL Series S5 (T-SWP): ISC (T-SWP): NL The blended benchmark is 15% S&P/TSX Capped Composite; 1 MSCI World Small Cap; 15% MSCI World ex-canada (N); 25% FTSE TMX Canada Universe Bond; 1 FTSE TMX Canada Long Term Government Bond; 1 Barclays Long Term U.S. Treasury; and 15% FTSE TMX Canada Short Term Bond. 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 76

80 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath Income Portfolio 1, The objective of the portfolio is to seek current income and capital appreciation. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 NOV % 6% 4% 2% $18, ALLOCATION TO S (%) Canadian Equities 4.8 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity U.S. Dividend Investment Trust Fidelity Small Cap America Fund International Equities Fidelity Emerging Markets Fund Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other Cash Canadian Dollar November 3, 2005 Fund benchmark Blended index 2 NAVPU - $13.18 $331.3 million 0.78%, as at December 31, Canadian Fixed Income Balanced Series A: DSC 444 LL 333 LL2 307 Series B: ISC 777 : NL 111 Series T8 (T-SWP): DSC 411 LL 311 LL2 378 Series S8 (T-SWP): ISC 711 Series T5 (T-SWP): DSC 1511 LL 1811 LL Series S5 (T-SWP): ISC 1211 Fund risk measures 3 Annual Standard Deviation Beta 1.07 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 14.56% S&P/TSX Capped Composite Index, 5.0 BofA/ML U.S. High Yield Master II Constrained Index - Hedged CAD, 7.48% MSCI EAFE + EM Index, 7.49% Russell 3000 Index, 0.45% FTSE EPRA/NAREIT (N) Developed Index, 30.02% FTSE TMX Canada Universe Bond Index, 35.0 FTSE TMX Canada 91 Day T-Bill Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

81 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2005 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 NOV % 6% 4% 2% $18, ALLOCATION TO S (%) Canadian Equities 6.6 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity Emerging Markets Fund Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other November 3, 2005 Fund benchmark Blended index 2 NAVPU - $13.20 $40.1 million 0.81%, as at December 31, Canadian Fixed Income Balanced Series A: DSC 405 LL 305 LL2 306 Series B: ISC 705 : NL 005 Series T8 (T-SWP): DSC 451 LL 351 LL2 357 Series S8 (T-SWP): ISC 751 Series T5 (T-SWP): DSC 1551 LL 1851 LL Series S5 (T-SWP): ISC 1251 Fund risk measures 3 Annual Standard Deviation Beta 1.05 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 7.5 S&P/TSX Capped Composite Index, 11.26% MSCI EAFE + EM Index, 11.26% Russell 3000 Index, 43.72% FTSE TMX Canada Universe Bond Index, 26.26% FTSE TMX Canada 91 Day T-Bill Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 78

82 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2010 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 NOV % 6% 4% 2% $19, ALLOCATION TO S (%) Canadian Equities 8.7 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity U.S. Dividend Investment Trust Fidelity Small Cap America Fund International Equities Fidelity Emerging Markets Fund Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other Cash Canadian Dollar November 3, 2005 Fund benchmark Blended index 2 NAVPU - $13.93 $124.9 million 0.93%, as at December 31, Canadian Fixed Income Balanced Series A: DSC 410 LL 310 LL2 318 Series B: ISC 710 : NL 010 Series T8 (T-SWP): DSC 461 LL 361 LL2 316 Series S8 (T-SWP): ISC 761 Series T5 (T-SWP): DSC 1561 LL 1861 LL Series S5 (T-SWP): ISC 1261 Fund risk measures 3 Annual Standard Deviation Beta 1.04 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 9.91% S&P/TSX Capped Composite Index, 14.87% MSCI EAFE + EM Index, 14.87% Russell 3000 Index, 43.75% FTSE TMX Canada Universe Bond Index, 16.6 FTSE TMX Canada 91 Day T-Bill Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

83 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $25,000 $15,000 $5,000 NOV-05 12% 1 8% 6% 4% 2% $20, ALLOCATION TO S (%) Canadian Equities 11.2 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity U.S. Dividend Investment Trust Fidelity Small Cap America Fund International Equities Fidelity Emerging Markets Fund Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other November 3, 2005 Fund benchmark Blended index 2 NAVPU - $14.72 $380.8 million 0.99%, as at December 31, Short-Term Target Date Portfolio Series A: DSC 415 LL 315 LL2 314 Series B: ISC 715 : NL 015 Series T8 (T-SWP): DSC 471 LL 2871 LL Series S8 (T-SWP): ISC 771 Series T5 (T-SWP): DSC 2471 LL 2571 LL Series S5 (T-SWP): ISC 2771 Fund risk measures 3 Annual Standard Deviation Beta 1.02 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 12.58% S&P/TSX Capped Composite Index, 18.86% MSCI EAFE + EM Index, 18.86% Russell 3000 Index, 38.75% FTSE TMX Canada Universe Bond Index, 10.95% FTSE TMX Canada 91 Day T-Bill Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 80

84 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2020 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $30,000 NOV-05 15% 1 5% $21, ALLOCATION TO S (%) Canadian Equities 13.4 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity U.S. Dividend Investment Trust Fidelity Small Cap America Fund International Equities Fidelity Emerging Markets Fund Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other Cash November 3, 2005 Fund benchmark Blended index 2 NAVPU - $15.51 $912.9 million 1.05%, as at December 31, Short-Term Target Date Portfolio Series A: DSC 402 LL 302 LL2 057 Series B: ISC 702 : NL 020 Series T8 (T-SWP): DSC 2867 LL 2869 LL Series S8 (T-SWP): ISC 2874 Series T5 (T-SWP): DSC 2861 LL 2863 LL Series S5 (T-SWP): ISC 2873 Fund risk measures 3 Annual Standard Deviation Beta 1.01 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 14.66% S&P/TSX Capped Composite Index, 21.99% MSCI EAFE + EM Index, 21.99% Russell 3000 Index, 37.73% FTSE TMX Canada Universe Bond Index, 3.63% FTSE TMX Canada 91 Day T-Bill Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

85 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2025 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $30,000 NOV % 1 $23,368 ALLOCATION TO S (%) Canadian Equities 15.4 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity International Disciplined Equity Fund Fidelity Emerging Markets Fund Fidelity International Equity Investment Trust Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund Inflation-Protected Debt Fidelity Canadian Real Return Bond Index Investment Trust High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other November 3, 2005 Fund benchmark Blended index 2 NAVPU - $16.38 $996.5 million 1.05%, as at December 31, 2025 Target Date Portfolio Series A: DSC 425 LL 325 LL2 067 Series B: ISC 725 : NL 025 5% Fund risk measures 3 Annual Standard Deviation Beta 0.99 R Volatility meter 4 1 On January 15,, 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 16.23% S&P/TSX Capped Composite Index, 24.34% MSCI EAFE + EM Index, 24.34% Russell 3000 Index, 35.08% FTSE TMX Canada Universe Bond Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 82

86 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2030 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $30,000 NOV-05 2 $23,806 ALLOCATION TO S (%) Canadian Equities 17.0 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other November 3, 2005 Fund benchmark Blended index 2 NAVPU - $17.41 $746.3 million 1.1, as at December 31, 2030 Target Date Portfolio Series A: DSC 430 LL 330 LL2 338 Series B: ISC 730 : NL % 1 5% Fund risk measures 3 Annual Standard Deviation Beta 0.98 R Volatility meter 4 1 On January 15,, 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 17.67% S&P/TSX Capped Composite Index, 26.5 MSCI EAFE + EM Index, 26.5 Russell 3000 Index, 29.33% FTSE TMX Canada Universe Bond Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

87 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2035 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $30,000 NOV-05 25% 2 $25,417 ALLOCATION TO S (%) Canadian Equities 20.4 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equity Funds Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other November 3, 2005 Fund benchmark Blended index 2 NAVPU - $18.76 $529.1 million 1.09%, as at December 31, 2035 Target Date Portfolio Series A: DSC 435 LL 336 LL2 334 Series B: ISC 735 : NL % 1 5% Fund risk measures 3 Annual Standard Deviation Beta 0.97 R Volatility meter 4 1 On January 15,, 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 21.01% S&P/TSX Capped Composite Index, 31.51% MSCI EAFE + EM Index, 31.51% Russell 3000 Index, 15.98% FTSE TMX Canada Universe Bond Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 84

88 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2040 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $40,000 $30,000 NOV-05 25% 2 $25,791 ALLOCATION TO S (%) Canadian Equities 22.6 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other November 3, 2005 Fund benchmark Blended index 2 NAVPU - $19.00 $348.3 million 1.14%, as at December 31, Target Date Portfolio Series A: DSC 440 LL 340 LL2 324 Series B: ISC 740 : NL % 1 5% Fund risk measures 3 Annual Standard Deviation Beta 0.95 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% MSCI EAFE + EM Index, 34.54% Russell 3000 Index, 7.89% FTSE TMX Canada Universe Bond Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

89 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2045 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year year Since inception Growth of since inception 4 $40,000 $30,000 NOV-05 25% 2 $26,091 ALLOCATION TO S (%) Canadian Equities 22.6 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund Other November 3, 2005 Fund benchmark Blended index 2 NAVPU - $19.56 $285.8 million 1.17%, as at December 31, Target Date Portfolio Series A: DSC 445 LL 345 LL2 043 Series B: ISC 745 : NL % 1 5% Fund risk measures 3 Annual Standard Deviation Beta 0.95 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% MSCI EAFE + EM Index, 34.54% Russell 3000 Index, 7.89% FTSE TMX Canada Universe Bond Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 86

90 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2050 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year Since inception Growth of since inception 4 $15,000 $5,000 JUL-14 15% $13,567 ALLOCATION TO S (%) Canadian Equities 22.6 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Fidelity Canadian Money Market Fund July 9, Fund benchmark Blended index 2 NAVPU - $12.34 $59.7 million 1.19%, as at December 31, Target Date Portfolio Series A: DSC 2540 LL 2541 LL Series B: ISC 2543 : NL % Fund risk measures 3 Annual Standard Deviation Beta 0.94 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% MSCI EAFE + EM Index, 34.54% Russell 3000 Index, 7.89% FTSE TMX Canada Universe Bond Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

91 LIFECYCLE S AS AT APRIL 30, 2018 Fidelity ClearPath 2055 Portfolio 1, 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. Portfolio managers Andrew Dierdorf Brett Sumsion QUARTILE month month month year year year Since inception Growth of since inception 4 $15,000 $5,000 JUL-14 15% $13,550 ALLOCATION TO S (%) Canadian Equities 22.6 Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Large Cap Fund Fidelity True North Fund Fidelity Dividend Investment Trust Fidelity Canadian Opportunities Fund U.S. Equities Fidelity American Disciplined Equity Fund Fidelity Small Cap America Fund Fidelity U.S. Dividend Investment Trust International Equities Fidelity International Disciplined Equity Fund Fidelity International Equity Investment Trust Fidelity Emerging Markets Fund Fidelity International Growth Investment Trust Investment-Grade Debt Fidelity Canadian Bond Fund High-Yield Debt Fidelity American High Yield Currency Neutral Fund Short-Term Debt Fidelity Canadian Short Term Bond Fund Money Market/Cash & Net Other Assets Other July 9, Fund benchmark Blended index 2 NAVPU - $12.35 $42.1 million 1.15%, as at December 31, Target Date Portfolio Series A: DSC 2546 LL 2547 LL Series B: ISC 2549 : NL % Fund risk measures 3 Annual Standard Deviation Beta 0.94 R Volatility meter 4 1 On January 15,, the Portfolio s objectives changed to permit the Portfolio to invest primarily in underlying funds, including Fidelity Funds and ETFs, that generally invest in equity and fixed income securities. 2 The blended index is approximately 23.03% S&P/TSX Capped Composite Index, 34.54% MSCI EAFE + EM Index, 34.54% Russell 3000 Index, 7.89% FTSE TMX Canada Universe Bond Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 88

92 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Canadian Equity Private Pool, Class F Fidelity Canadian Equity Private Pool aims to achieve long-term capital growth by investing primarily in equity securities of Canadian companies, in the same sector weightings as the S&P/TSX Capped Composite Index. PERFORMANCE (CLASS F) POOL 1 month month month year year year year Since inception Growth of $1,000,000 since inception 4 $3M $2M $1M M OCT-09 POOL $1.860M QUARTERLY TOP TEN HOLDINGS 1 Toronto-Dominion Bank Financials Royal Bank of Canada Financials Suncor Energy Energy Canadian National Railway Industrials Brookfield Asset Management Financials Sun Life Financial Financials Canadian Natural Resources Energy Telus Telecommunication Services CGI Information Technology Intact Financial Financials Total holdings 83 Top 10 holdings aggregate 44.1% ALLOCATION 1,4 Canadian Equities Foreign Equities Cash & Other SECTOR MIX 3 (%) Financials Energy Materials Industrials Consumer Discretionary Telecommunication Services Information Technology Consumer Staples Utilities Real Estate STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Pool facts Portfolio managers Andrew Marchese Joe Overdevest October 5, 2009 Pool benchmark S&P/TSX Capped Composite Index NAVPU - Class F $15.08 Pool aggregate assets (all classes) $250.0 million Class F 1.02%, as at November 30, Canadian Equity Pool codes 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 Pool risk measures 2 POOL Annual Standard Deviation Beta 0.83 R Volatility meter 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 MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

93 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Concentrated Canadian Equity Private Pool, Class F Fidelity Concentrated Canadian Equity Private Pool aims to achieve long-term capital growth by investing primarily in equity securities of Canadian companies, in the same super sector weightings as the S&P/TSX Capped Composite Index. PERFORMANCE (CLASS F) POOL 1 month month month year year year year Since inception Growth of $1,000,000 since inception 3 $3M $2M $1M M OCT-09 POOL $2.015M QUARTERLY TOP TEN HOLDINGS 1 Toronto-Dominion Bank Financials Royal Bank of Canada Financials Suncor Energy Energy Brookfield Asset Management Financials CGI Information Technology Constellation Software Information Technology Sun Life Financial Financials Canadian Pacific Railway Industrials Canadian National Railway Industrials Canadian Natural Resources Energy Total holdings 60 Top 10 holdings aggregate 46.3% ALLOCATION 1,3 Canadian Equities Foreign Equities Cash & Other SECTOR MIX (%) Financials Energy Materials Information Technology Industrials Telecommunication Services Consumer Discretionary Consumer Staples Utilities Real Estate STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Pool facts Portfolio managers Andrew Marchese Joe Overdevest October 5, 2009 Pool benchmark S&P/TSX Capped Composite Index NAVPU - Class F $16.52 Pool aggregate assets (all classes) $737.9 million Class F 1.02%, as at November 30, Canadian Equity Pool codes 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 Pool risk measures 2 POOL Annual Standard Deviation Beta 0.78 R Volatility meter 3 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 (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 90

94 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Pool facts Portfolio manager Daniel Dupont PERFORMANCE (CLASS F) POOL 1 month month month year year year year Since inception Growth of $1,000,000 since inception 3 $3M $2M $1M M MAY-12 POOL $1.853M QUARTERLY TOP TEN HOLDINGS 1 SPDR Gold Trust ETF Materials Imperial Brands Consumer Staples Rogers Communications Telecommunication Services Fairfax Financial Holdings Financials Empire Company Consumer Staples Monsanto Materials Open Text Information Technology Orbital ATK Industrials CGI Information Technology SNC-Lavalin Industrials Total holdings 46 Top 10 holdings aggregate 38.6% ALLOCATION 1,3 Canadian Equities Foreign Equities Foreign Bonds Cash & Other SECTOR MIX (%) Consumer Staples Materials Financials Telecommunication Services Information Technology Industrials Energy Utilities Consumer Discretionary May 9, 2012 Pool benchmark 7 S&P/TSX 60 Capped Index and 3 S&P 500 Index NAVPU - Class F $17.09 Pool aggregate assets (all classes) $1.155 billion Class F 1.02%, as at November 30, Canadian Focused Equity Pool codes 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 Pool risk measures 2 POOL Annual Standard Deviation Beta 0.60 R Volatility meter 3 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 (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

95 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity U.S. Dividend Private Pool, 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Pool facts Portfolio manager Ramona Persaud POOL 1 month month month year year year Since inception Growth of $1,000,000 since inception 2 $3M $2M $1M M OCT-13 POOL 25% 2 15% 1 5% -5% Pool risk measures POOL $1.731M Annual Standard Deviation Beta 1.01 R QUARTERLY TOP TEN HOLDINGS J. P. Morgan Chase Financials Cisco Systems Information Technology Wells Fargo Financials Johnson & Johnson Health Care Bank of America Financials Verizon Communications Telecommunication Services Chubb Financials Exelon Utilities Comcast Consumer Discretionary Chevron Energy Total holdings 117 Top 10 holdings aggregate 35. ALLOCATION 2 Foreign Equities Canadian Equities Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Health Care Consumer Staples Energy Consumer Discretionary Industrials Utilities Telecommunication Services Materials October 16, Pool benchmark Russell 3000 Value Index NAVPU - $12.45 Pool aggregate assets $39.5 million 1.07%, as at December 31, U.S. Equity Pool codes Series B: 1994 Series S8: 1996 Series S5: 1995 Series I: 2007 Series I8: 2009 Series I5: 2008 : : : 1999 U.S. DOLLAR Series B: 2010 Series S8: 2018 Series S5: Series I: 2029 Series I8: 2032 Series I5: 2030 : : : 2020 Volatility meter 2 1 Risk measures are based on 3-year net returns (). 2 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 92

96 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 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. STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Pool facts Portfolio manager Chandler Willett PERFORMANCE (CLASS F) POOL 1 month month month year year year year Since inception Growth of $1,000,000 since inception 3 $5M $4M $3M $2M $1M M OCT-09 POOL $3.034M QUARTERLY TOP TEN HOLDINGS 1 Alphabet Information Technology Amazon.com Consumer Discretionary Apple Information Technology Facebook Information Technology Intel Information Technology Danaher Health Care Becton Dickinson Health Care Visa Information Technology Broadcom Information Technology Salesforce.com Information Technology Total holdings 90 Top 10 holdings aggregate 26.3% ALLOCATION 1,3 Foreign Equities Cash & Other SECTOR MIX (%) Information Technology Financials Health Care Consumer Discretionary Industrials Consumer Staples Energy Materials Utilities Real Estate October 5, 2009 Pool benchmark S&P 500 Index NAVPU - Class F $25.08 Pool aggregate assets (all classes) $121.2 million Class F 1.08%, as at November 30, Currency Neutral U.S. Equity Pool codes 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 Pool risk measures 2 POOL Annual Standard Deviation Beta 1.02 R Volatility meter 3 For the currency neutral version please refer to page 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 (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

97 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity International Equity Private Pool, Class F Fidelity International Equity Private Pool combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection. PERFORMANCE (CLASS F) POOL 1 month month month year year year year Since inception Growth of $1,000,000 since inception 3 $3M $2M $1M M OCT-09 POOL Pool risk measures POOL $1.947M Annual Standard Deviation Beta 0.94 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS 1 Vipshop Consumer Discretionary Pandora Consumer Discretionary Avanza Bank Holding Financials Samsonite Consumer Discretionary Brenntag Industrials Compass Group Consumer Discretionary Publicis Groupe Consumer Discretionary Julius Baer Gruppe Financials Bunzl Industrials Sonova Health Care Total holdings 41 Top 10 holdings aggregate 28.9% ALLOCATION 1,3 Foreign Equities Cash & Other SECTOR MIX (%) Consumer Discretionary Industrials Health Care Information Technology Financials Consumer Staples Telecommunication Services Materials Energy COUNTRY MIX (%) United Kingdom United States France Germany Japan Switzerland China Australia Denmark Netherlands STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Pool facts Portfolio manager Patrice Quirion (as at December 1, ) October 5, 2009 Pool benchmark MSCI EAFE Index NAVPU - Class F $18.75 Pool aggregate assets (all classes) $1.093 billion Class F 1.13%, as at November 30, Currency Neutral International Equity Pool codes 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 For the currency neutral version please refer to page 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 (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 94

98 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Global Equity Private Pool, Class F Fidelity Global Equity Private Pool combines the discipline of a sector-neutral investment approach with the freedom to pursue the best opportunities in the market through active stock selection. PERFORMANCE (CLASS F) POOL 2 1 month month month year year year year Since inception Growth of $1,000,000 since inception 4 $4M $3M $2M $1M M OCT-09 POOL Pool risk measures POOL $2.547M Annual Standard Deviation Beta 0.97 R Volatility meter 4 QUARTERLY TOP TEN HOLDINGS 1 Vipshop Consumer Discretionary Avanza Bank Holding Financials Julius Baer Gruppe Financials Jacobs Engineering Group Industrials Gildan Activewear Consumer Discretionary ServiceMaster Consumer Discretionary Brenntag Industrials Pandora Consumer Discretionary Tamura Information Technology Samsonite Consumer Discretionary Total holdings 56 Top 10 holdings aggregate 22.8% ALLOCATION 1,4 Foreign Equities Canadian Equities Cash & Other SECTOR MIX (%) Consumer Discretionary Industrials Health Care Information Technology Financials Telecommunication Services Consumer Staples Energy COUNTRY MIX (%) United States United Kingdom Japan Germany France Switzerland China Canada Denmark Sweden STYLE SECTOR DEVIATION MARKET CAP FOCUS VALUE MINIMAL SMALL BLEND MODERATE MID GROWTH WIDE LARGE Pool facts Portfolio manager Patrice Quirion (as at December 1, ) October 5, 2009 Pool benchmark MSCI AC World Index 2 NAVPU - Class F $24.24 Pool aggregate assets (all classes) $171.3 million Class F 1.12%, as at November 30, Currency Neutral Global Equity Pool codes 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 For the currency neutral version please refer to page 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,, the Pool s benchmark was the MSCI World Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

99 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Premium Fixed Income Private Pool, Fidelity Premium Fixed Income Private Pool aims to provide a steady flow of income by investing primarily in Canadian fixed-income securities. Pool facts Portfolio managers Catriona Martin Sri Tella POOL 1 month month month year year year year Since inception Growth of $1,000,000 since inception 3 $2M $1M M OCT-09 POOL 1 8% 6% 4% $1.376M QUARTERLY TOP FIVE ISSUERS 1 Province of Ontario Government of Canada Province of Quebec Canada Housing Trust No. 1 Province of Alberta Total issuers 188 Top 5 issuers aggregate 32.6% ALLOCATION 1,3 Canadian Bonds Foreign Bonds Other Investments Cash & Other SECTOR MIX (%) Canadian Corporate Bonds Canadian Provincial Bonds Canadian Federal Bonds Canadian Agency Bonds Canadian Municipal Bonds October 5, 2009 Pool benchmark FTSE TMX Canada Universe Bond Index NAVPU - $10.49 Pool aggregate assets $66.7 million 0.62%, as at December 31, Canadian Fixed Income Pool codes Series B: 9015 Series I: 9315 : 9615 U.S. DOLLAR Series B: 1924 Series I: 1928 : % % Pool risk measures 2 POOL Annual Standard Deviation Beta 0.98 R Volatility meter 3 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 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 96

100 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Premium Tactical Fixed Income Private Pool, Fidelity 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 4 of assets to global fixed-income securities, with the balance invested in Canadian bonds. POOL 1 month month month year year year year Since inception Growth of $1,000,000 since inception 3 $1.5M $1.0M.5M.0M MAY-12 POOL 1 $1.170M QUARTERLY TOP FIVE ISSUERS 1 Government of Canada Province of Ontario Canada Housing Trust No. 1 Province of Quebec Province of Alberta Total issuers 28 Top 5 issuers aggregate 30.4% ALLOCATION 1,3 Canadian Bonds Foreign Bonds High Yield Bonds Other Investments Cash & Other SECTOR MIX (%) Canadian Corporate Bonds Canadian Provincial Bonds Canadian Federal Bonds Canadian Agency Bonds Canadian Municipal Bonds Pool facts Portfolio managers Catriona Martin Jeff Moore Sri Tella May 9, 2012 Pool benchmark FTSE TMX Canada Universe Bond Index NAVPU - $8.48 Pool aggregate assets $40.0 million 0.74%, as at December 31, Canadian Fixed Income Pool codes Series B: 904 Series I: 918 : 916 8% 6% 4% 2% % Pool risk measures 2 POOL Annual Standard Deviation Beta 0.91 R Volatility meter 3 1 Fidelity Premium Tactical Fixed Income Private Pool will invest primarily in equity securities issued by Canadian corporations and enter into forward contracts in order to hedge its exposure to equities and to provide the Pool with a return based on the performance of Fidelity Tactical Fixed Income Fund. Holdings information shown here represents the holdings exposure of Fidelity Tactical Fixed Income Fund. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

101 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Premium Money Market Private Pool, Fidelity Premium Money Market Private Pool aims to achieve a high level of current income while seeking to protect capital and maintain liquidity. Pool facts Portfolio manager Michael Widrig POOL 1 month month month year year year year 0.56 Since inception 0.61 Growth of $1,000,000 since inception 2 $1.5M $1.0M.5M $1.054M QUARTERLY TOP FIVE ISSUERS 1 BNP Paribas Storm King Funding MUFG Bank OMERS Finance Trust Sumitomo Mitsui Banking Total issuers 14 Top 5 issuers aggregate 45.9% ALLOCATION 1,2 Cash & Other Treasury Bills October 5, 2009 Pool benchmark None NAVPU - $10.00 Pool aggregate assets $24.2 million 0.45%, as at December 31, Canadian Money Market Pool codes Series B: 9016 Series I: 9316 : 9616 Series D: M OCT-09 3% 2% 1% Volatility meter 2 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 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 98

102 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 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 5 equities, 4 fixed-income securities and 1 money market instruments. Pool facts Portfolio managers Geoff Stein David Wolf PERFORMANCE (CLASS F) POOL 1 1 month month month year year year year Since inception Growth of $1,000,000 since inception 3 $2M $1M M DEC-11 POOL 15% 1 5% -5% Pool risk measures POOL $1.579M Annual Standard Deviation Beta 1.10 R QUARTERLY TOP TEN HOLDINGS ishares Core S&P 500 ETF Multi Sector ishares MSCI Japan ETF Multi Sector ishares 20+ Year Treasury Bond Financials Toronto-Dominion Bank Financials Royal Bank of Canada Financials SPDR Gold Trust ETF Materials Suncor Energy Energy Canadian National Railway Industrials Rogers Communications Telecommunication Services CGI Information Technology Total holdings 1,737 Top 10 holdings aggregate 16.6% ALLOCATION 3 Foreign Equities Canadian Bonds Canadian Equities Foreign Bonds Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Energy Information Technology Multi Sector Materials Industrials Consumer Discretionary Consumer Staples Health Care Telecommunication Services December 14, 2011 Pool benchmark Blended index 1 NAVPU - Class F $14.81 Pool aggregate assets (all classes) $1.202 billion Class F 1.03%, as at November 30, Currency Neutral Canadian Neutral Balanced Pool codes 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: 139 U.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 Volatility meter 3 For the currency neutral version please refer to page The blended index is 3 S&P/TSX Capped Composite Index, 24% FTSE TMX Canada Universe Bond Index, 2 MSCI AC World Index ex-canada (Net), 16% Bloomberg Barclays Global Aggregate Bond Index and 1 FTSE TMX Canada 91-Day T-Bill Index. Prior to October 1, the Pool s benchmark was a blend of 5 S&P/TSX Capped Composite Index, 4 FTSE TMX Canada Universe Bond Index and 1 FTSE TMX Canada 91-Day T-Bill Index. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

103 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Balanced Private Pool 1, 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 6 equities and 4 fixed income and money market instruments. Pool facts Portfolio managers Geoff Stein David Wolf PERFORMANCE (CLASS F) POOL 2 1 month month month year year year year Since inception Growth of $1,000,000 since inception 4 $3M $2M $1M M OCT-09 POOL 2 15% 1 5% -5% Pool risk measures POOL $1.858M Annual Standard Deviation Beta 1.07 R Volatility meter 4 QUARTERLY TOP TEN HOLDINGS Energy Select Sector SPDR ETF Energy Toronto-Dominion Bank Financials ishares Core S&P 500 ETF Multi Sector Royal Bank of Canada Financials Rogers Communications Telecommunication Services SPDR Gold Trust ETF Materials CGI Information Technology Suncor Energy Energy Canadian Pacific Railway Industrials Constellation Software Information Technology Total holdings 3,470 Top 10 holdings aggregate 13.2% ALLOCATION 4 Foreign Equities Canadian Equities Canadian Bonds Foreign Bonds High Yield Bonds Convertibles Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Energy Information Technology Consumer Discretionary Industrials Materials Consumer Staples Health Care Telecommunication Services Real Estate COUNTRY MIX (%) Canada United States United Kingdom Japan China Netherlands Germany South Korea France Hong Kong October 5, 2009 Pool benchmark Blended index 2 NAVPU - Class F $16.84 Pool aggregate assets (all classes) $3.507 billion Class F 0.91%, as at November 30, Currency Neutral Global Neutral Balanced Pool codes Class B: 9018 Class S8: 9118 Class S5: 9218 Class I: 9318 Class I8: 9518 Class I5: 9418 Class F: 9618 Class F8: 9818 Class F5: 9718 U.S. DOLLAR Class B: 750 Class S8: 755 Class S5: 754 Class I: 760 Class I8: 765 Class I5: 763 Class F: 753 Class F8: 758 Class F5: 757 For the currency neutral version please refer to page On January 15,, 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% Bloomberg Barclays Global Aggregate Bond Index, 21% FTSE TMX Canada Universe Bond Index and 5% FTSE TMX Canada 91 Day T-Bill Index. Prior to October 1,, the blended benchmark was 3 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 TMX Canada Universe Bond Index, 5% Bloomberg Barclays Global Aggregate Bond Index Hedged CAD, 3% 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 TMX Canada 91 Day T-Bill Index. Prior to January 25, 2012, the blended benchmark was 3 S&P/TSX Capped Composite Index, 15% S&P 500 Index, 15% MSCI EAFE Index, 3 FTSE TMX Canada Universe Bond Index and 1 FTSE TMX Canada 91 Day T-Bill Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 100

104 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Balanced Income Private Pool 1, 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, fixedincome securities and money market instruments. The neutral mix for the Pool is 4 equities and 6 fixed-income and money market instruments. Pool facts Portfolio managers Geoff Stein David Wolf PERFORMANCE (CLASS F) POOL 2 1 month month month year year year year Since inception Growth of $1,000,000 since inception 4 $2M $1M M OCT-09 POOL 1 8% 6% 4% 2% -2% Pool risk measures POOL $1.673M Annual Standard Deviation Beta 1.16 R Volatility meter 4 QUARTERLY TOP TEN HOLDINGS Energy Select Sector SPDR ETF Energy ishares Core S&P 500 ETF Multi Sector Toronto-Dominion Bank Financials Royal Bank of Canada Financials Rogers Communications Telecommunication Services Suncor Energy Energy CGI Information Technology Canadian Pacific Railway Industrials SPDR Gold Trust ETF Materials Constellation Software Information Technology Total holdings 3,868 Top 10 holdings aggregate 9.6% ALLOCATION 4 Canadian Bonds Foreign Equities Foreign Bonds Canadian Equities High Yield Bonds Convertibles Investment Grade CMBS Other Investments Cash & Other EQUITY SECTOR MIX (%) Energy Financials Information Technology Consumer Discretionary Industrials Materials Consumer Staples Health Care Telecommunication Services Real Estate COUNTRY MIX (%) Canada United States Japan United Kingdom China Netherlands October 5, 2009 Pool benchmark Blended index 2 NAVPU - Class F $15.39 Pool aggregate assets (all classes) $3.006 billion Class F 0.85%, as at November 30, Currency Neutral Canadian Fixed Income Balanced Pool codes Class B: 9019 Class S8: 9119 Class S5: 9219 Class I: 9319 Class I8: 9519 Class I5: 9419 Class F: 9619 Class F8: 9819 Class F5: 9719 U.S. DOLLAR Class B: 766 Class S8: 769 Class S5: 768 Class I: 775 Class I8: 780 Class I5: 778 Class F: 767 Class F8: 774 Class F5: 773 For the currency neutral version please refer to page On January 15,, 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% Bloomberg Barclays Global Aggregate Bond Index, 27% FTSE TMX Canada Universe Bond Index and 15% FTSE TMX Canada 91 Day T-Bill Index. Prior to October 1,, the blended benchmark was 2 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 TMX Canada Universe Bond Index, 1 Bloomberg Barclays Global Aggregate Bond Index Hedged CAD, 3% 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 TMX Canada 91 Day T-Bill Index. Prior to January 25, 2012, the blended benchmark was 2 S&P/TSX Capped Composite Index, 1 S&P 500 Index, 1 MSCI EAFE Index, 4 FTSE TMX Canada Universe Bond Index and 2 FTSE TMX Canada 91 Day T-Bill Index. 3 Risk measures are based on 3-year net returns (). 4 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

105 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Conservative Income Private Pool, 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 fixedincome and equity investments. The Pool targets an asset class exposure of 2 equities and 8 fixed income. Pool facts Portfolio managers Geoff Stein David Wolf POOL 1 1 month month month year year year Since inception Growth of $1,000,000 since inception 3 $1.5M $1.0M.5M.0M NOV-14 POOL 8% 6% 4% 2% 7.66 Pool risk measures POOL $1.163M Annual Standard Deviation Beta 1.13 R Volatility meter 3 QUARTERLY TOP TEN HOLDINGS Energy Select Sector SPDR ETF Energy ishares Core S&P 500 ETF Multi Sector Toronto-Dominion Bank Financials Royal Bank of Canada Financials Suncor Energy Energy Constellation Software Information Technology Brookfield Asset Management Financials Apple Information Technology Microsoft Information Technology Sun Life Financial Financials Total holdings 3,055 Top 10 holdings aggregate 7. ALLOCATION 3 Canadian Bonds Foreign Bonds Foreign Equities Canadian Equities High Yield Bonds Other Investments Investment Grade CMBS Cash & Other EQUITY SECTOR MIX (%) Energy Financials Information Technology Consumer Staples Consumer Discretionary Multi Sector Industrials Materials Health Care Telecommunication Services COUNTRY MIX (%) Canada United States Japan United Kingdom Netherlands Switzerland November 20, Pool benchmark Blended index 1 NAVPU - $10.50 Pool aggregate assets $542.9 million 0.82%, as at September 30, Global Fixed Income Balanced Pool codes Series B: 2705 Series S8: 2772 Series S5: 2770 Series I: 2707 Series I8: 2776 Series I5: 2775 : : : 2773 U.S. DOLLAR Series B: 2708 Series S8: 2778 Series S5: 2777 Series I: 2710 Series I8: 2782 Series I5: 2781 : : : The blended benchmark is 12% S&P/TSX Capped Composite Index, 8% MSCI All Country World ex Canada Index, 36% FTSE TMX Canada Universe Bond Index, 24% Bloomberg Barclays Global Aggregate Bond Index and 2 FTSE TMX Canada Short Term Bond Index. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 102

106 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity Global Asset Allocation Private Pool, A 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. Pool facts Portfolio managers Geoff Stein David Wolf POOL 1 1 month month Since inception Growth of $1,000,000 since inception 2 $1.5M $1.0M.5M POOL $1.020M QUARTERLY TOP TEN HOLDINGS ishares MSCI Japan ETF Multi Sector Bank of America Financials Amazon.com Consumer Discretionary Tencent Holdings Information Technology Facebook Information Technology UnitedHealth Group Health Care Alphabet Information Technology Microsoft Information Technology Chevron Energy Alibaba Group Information Technology Total holdings 2,664 Top 10 holdings aggregate 6.7% November 1, Pool benchmark Blended index 1 NAVPU - $9.92 Pool aggregate assets $307.7 million Currency Neutral Global Neutral Balanced.0M NOV-17 3% 2% 1% Volatility meter ALLOCATION 2 Foreign Equities Foreign Bonds High Yield Bonds Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Consumer Discretionary Industrials Energy Health Care Materials Consumer Staples Multi Sector COUNTRY MIX (%) United States Pool codes Series B: 5946 Series S8: 5948 Series S5: 5947 Series I: 5952 Series I8: 5954 Series I5: 5953 : : : 5950 U.S. DOLLAR Series B: 6099 Series S8: 6101 Series S5: 6100 Series I: 6105 Series I8: 6107 Series I5: 6106 : : : 6103 Canada Japan United Kingdom China Netherlands Germany Switzerland France South Korea For the currency neutral version please refer to page The blended index is 5 MSCI AC World Index, 4 Bloomberg Barclays Global Aggregate Bond Index and 1 FTSE TMX Canada 91-Day T-Bill Index. 2 Please refer to important information on page MarketPulse For Fidelity sales and service information, refer to Fidelity fund facts (pages ). For advisor use only.

107 FIDELITY PRIVATE INVESTMENT POOLS AS AT APRIL 30, 2018 Fidelity U.S. Growth and Income Private Pool, A 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. Pool facts Portfolio managers Geoff Stein David Wolf POOL 1 1 month month month year year year Since inception Growth of $1,000,000 since inception 3 $2M $1M M OCT-13 POOL 2 15% 1 5% Pool risk measures POOL $1.635M Annual Standard Deviation Beta 0.96 R QUARTERLY TOP TEN HOLDINGS ishares Core S&P 500 ETF Multi Sector ishares 20+ Year Treasury Bond ETF Financials Bank of America Financials Microsoft Information Technology Amazon.com Consumer Discretionary Alphabet Information Technology Facebook Information Technology UnitedHealth Group Health Care PayPal Information Technology Adobe Systems Information Technology Total holdings 1,933 Top 10 holdings aggregate 16.6% ALLOCATION 3 Foreign Equities Foreign Bonds High Yield Bonds Canadian Equities Other Investments Cash & Other EQUITY SECTOR MIX (%) Financials Information Technology Multi Sector Consumer Discretionary Health Care Industrials Energy Materials Consumer Staples October 16, Pool benchmark Blended Index 1 NAVPU - $14.09 Pool aggregate assets $147.9 million 1.02%, as at December 31, Global Neutral Balanced Pool codes Series B: 1975 Series S8: 1977 Series S5: 1976 Series I: 1981 Series I8: 1983 Series I5: 1982 : : : 1979 U.S. DOLLAR Series B: 1984 Series S8: 1986 Series S5: 1985 Series I: 1991 Series I8: 1993 Series I5: 1992 : : : 1989 Volatility meter 3 1 The blended benchmark is 5 Russell 3000 Index, 4 Barclays Capital U.S. Aggregate Bond Index and 1 Barclays Capital U.S. 3 Month T-Bill Index. 2 Risk measures are based on 3-year net returns (). 3 Please refer to important information on page 123. For advisor use only. For Fidelity sales and service information, refer to Fidelity fund facts (pages ). MarketPulse 104

108 CURRENCY NEUTRAL Fidelity currency neutral solutions as at April 30, 2018 NAME INCEPTION DATE NAVPU ($) 1 M 3 M 6 M U.S. EQUITY S Fidelity American Disciplined Equity Currency Neutral Class October 5, Fidelity American Equity Currency Neutral Class May 28, Fidelity Event Driven Opportunities Currency Neutral Class November 1, Fidelity Small Cap America Currency Neutral Class May 28, Fidelity U.S. All Cap Currency Neutral Class May 28, Fidelity U.S. Dividend Currency Neutral Fund November 7, Fidelity U.S. Focused Stock Currency Neutral Class May 28, GLOBAL & INTERNATIONAL EQUITY S Fidelity Global Concentrated Equity Currency Neutral Fund November 1, Fidelity Global Disciplined Equity Currency Neutral Fund October 5, Fidelity Global Innovators Currency Neutral Class November 1, Fidelity Global Intrinsic Value Currency Neutral Class October 28, Fidelity Global Large Cap Currency Neutral Class April 4, Fidelity Insights Currency Neutral Class January 26, Fidelity International Concentrated Equity Currency Neutral Fund November 1, Fidelity International Disciplined Equity Currency Neutral Fund October 5, Fidelity NorthStar Currency Neutral Class April 4, U.S. ASSET ALLOCATION AND BALANCED S Fidelity American Balanced Currency Neutral Fund June 28, Fidelity U.S. Monthly Income Currency Neutral Class May 28, GLOBAL ASSET ALLOCATION AND BALANCED S Fidelity Global Monthly Income Currency Neutral Fund June 28, Fidelity NorthStar Balanced Currency Neutral Fund May 28, Fidelity Tactical High Income Currency Neutral Fund May 28, U.S. FIXED-INCOME S Fidelity American High Yield Currency Neutral Fund November 6, Fidelity Floating Rate High Income Currency Neutral Class May 28, GLOBAL FIXED-INCOME S Fidelity Global Bond Currency Neutral Fund April 16, Fidelity Investment Grade Total Bond Currency Neutral Fund January 24, Fidelity Multi-Sector Bond Currency Neutral Fund May 10, Fidelity Strategic Income Currency Neutral Fund June 28, FIDELITY PRIVATE INVESTMENT POOLS Fidelity Asset Allocation Currency Neutral Private Pool December 14, Fidelity Balanced Currency Neutral Private Pool October 5, Fidelity Balanced Income Currency Neutral Private Pool October 5, Fidelity Global Asset Allocation Currency Neutral Private Pool November 1, Fidelity Global Equity Currency Neutral Private Pool October 5, Fidelity International Equity Currency Neutral Private Pool October 5, Fidelity U.S. Equity Currency Neutral Private Pool October 5, Please refer to pages for the currency neutral fund codes. 105 n MarketPulse For advisor use only.

109 SINCE AGGREGATE ASSETS VALUE OF MANAGEMENT 1 Y 2 Y 3 Y 5 Y 10 Y INCEPTION (ALL SERIES) SINCE INCEPTION EXPENSE RATIO $27.9 million $23, % (November 30, ) $95.9 million $13, (November 30, ) 4.78 $2.0 million $10, % (November 30, ) $220.7 million $13, % (November 30, ) $16.0 million $13, % (November 30, ) $93.2 million $16, % (December 31, ) $13.1 million $14, % (November 30, ) 2.08 $11.1 million $10,208 n/a $10.1 million $20, % (November 30, ) 9.30 $243.3 million $10, % (November 30, ) $311.2 million $12, % (November 30, ) $15.6 million $18, % (November 30, ) $484.2 million $13, % (November 30, ) 1.88 $10.5 million $10,188 n/a $7.4 million $17, % (November 30, ) $513.8 million $19, (November 30, ) $104.6 million $11, % (September 30, ) $191.6 million $11, % (September 30, ) $189.0 million $11, % (September 30, ) $662.9 million $11, % (September 30, ) $66.1 million $11, % (September 30, ) $518.1 million $19, % (December 31, ) $37.3 million $11, % (September 30, ) $29.7 million $14, % (September 30, ) $66.2 million $9,874 n/a 0.67 $245.7 million $10, % (September 30, ) $87.9 million $10, % (September 30, ) VALUE OF $1M SINCE INCEPTION $153.5 million $1.447 million 1.06% (November 30, ) $391.7 million $1.709 million 0.95% (November 30, ) $432.0 million $1.549 million 0.89% (November 30, ) 0.95 $47.4 million $1.009 million n/a $26.2 million $2.198 million 1.18% (November 30, ) $11.1 million $1.828 million 1.18% (November 30, ) $17.9 million $2.438 million 1.1 (November 30, ) For advisor use only. MarketPulse n 106

110 FIDELITY FACTS At-a-glance Annual service fees Distribution options Distribution reinvestment plan Distributions paid by the Fund(s) to the investor are automatically 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 registered 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, distributions 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 Charges Purchase 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. SERIES A/T SERIES A/T SERIES A/T SERIES B/S SERIES I DSC LL LL2 ISC ISC Equity Funds Asset Allocation and Balanced Funds, Fidelity Dividend Plus Fund, Fidelity ClearPath TM Retirement Portfolios, 1 Fidelity Managed Portfolios Fidelity Income Allocation Fund 0.375% 0.75% 0.375% 0.75% 0.75% Fixed-Income Funds, 2 Fidelity ClearPath Income Portfolio, Fidelity ClearPath 2005 Portfolio 0.25% % Money Market Funds % 0.25% 0.25% 0.25% 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 ClearPlan TM 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 TM instructions are received. Sales charges Initial 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 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. 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. during the first year an investor owns them n 5.5% during the second year an investor owns them n 5. during the third year an investor owns them n 4.5% during the fourth year an investor owns them n 3. during the fifth year an investor owns them n 1.5% during the sixth year an investor owns them n zero after six years of owning them Low Load (LL) Deferred Sales Charge option Investors 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 within 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. if redeemed during the first year an investor owns them n 2. if redeemed during the second year an investor owns them n zero after two years of owning them Under the LL option, investment professionals receive from Fidelity a commission of 1. of the value of units/shares sold. Low Load 2 (LL2) Deferred Sales Charge option Investors 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. if redeemed during the first year an investor owns them n 2.5% if redeemed during the second year an investor owns them n 2. if redeemed during the third year an investor owns them n 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. 107 n MarketPulse For advisor use only.

111 1 free redemption The 1 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 1 free redemp tion. Please refer to Fidelity s simpli fied prospectus for more details. Automatic conversion Series 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 date n LL 3 years after their original purchase date n 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 securities 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 automatically 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 charges Short-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 Program We 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 5 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 I8 Effective 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 maximum 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 prospectus for the Fidelity Private Investment Pools for more details. For advisor use only. MarketPulse n 108

112 FIDELITY FACTS At-a-glance, continued TAX EFFICIENT SERIES CODES 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 NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 EQUITY S CANADIAN Fidelity Canadian Disciplined Equity Fund Fidelity Canadian Growth Company Fund Fidelity Canadian Large Cap Fund Fidelity Canadian Opportunities Fund Fidelity Dividend Fund Fidelity Dividend Plus Fund Fidelity Greater Canada Fund Fidelity Greater Canada Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1647 n/a n/a Fidelity Special Situations Fund Fidelity Special Situations Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1699 n/a n/a Fidelity True North Fund U.S. Fidelity American Disciplined Equity Fund Fidelity American Disciplined Equity Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a Fidelity American Equity Fund Fidelity American Equity Fund US$ Fidelity Event Driven Opportunities Fund Fidelity Event Driven Opportunities Fund US$ Fidelity Small Cap America Fund Fidelity Small Cap America Fund US$ Fidelity U.S. All Cap Fund Fidelity U.S. All Cap Fund US$ Fidelity U.S. Dividend Fund Fidelity U.S. Dividend Fund US$ Fidelity U.S. Dividend Currency Neutral Fund Fidelity U.S. Dividend Registered Fund n/a n/a n/a n/a n/a n/a n/a n/a 1459 n/a n/a Fidelity U.S. Dividend Registered Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1460 n/a n/a Fidelity U.S. Focused Stock Fund n/a n/a Fidelity U.S. Focused Stock Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 621 n/a n/a GLOBAL AND INTERNATIONAL Fidelity AsiaStar Fund n/a n/a n/a n/a n/a n/a n/a n/a 1608 n/a n/a Fidelity AsiaStar Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1609 n/a n/a Fidelity China Fund Fidelity China Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1607 n/a n/a Fidelity Emerging Markets Fund n/a n/a n/a n/a n/a n/a n/a n/a 675 n/a n/a Fidelity Emerging Markets Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 676 n/a n/a Fidelity Europe Fund n/a n/a n/a n/a n/a n/a n/a n/a 628 n/a n/a Fidelity Europe Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 648 n/a n/a Fidelity Far East Fund Fidelity Far East Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 622 n/a n/a Fidelity Frontier Emerging Markets Fund* n/a n/a n/a n/a n/a n/a n/a n/a 651 n/a n/a Fidelity Frontier Emerging Markets Fund* US$ n/a n/a n/a n/a n/a n/a n/a n/a 652 n/a n/a Fidelity Global Fund Fidelity Global Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 623 n/a n/a Fidelity Global Concentrated Equity Fund Fidelity Global Concentrated Equity Fund US$ Fidelity Global Concentrated Equity Currency Neutral Fund Fidelity Global Disciplined Equity Fund Fidelity Global Disciplined Equity Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 679 n/a n/a Fidelity Global Dividend Fund Fidelity Global Dividend Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1641 n/a n/a Fidelity Global Large Cap Fund Fidelity Global Large Cap Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1084 n/a n/a Fidelity Global Small Cap Fund n/a n/a n/a n/a n/a n/a n/a n/a 1191 n/a n/a Fidelity Global Small Cap Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1197 n/a n/a Fidelity International Concentrated Equity Fund n/a n/a n/a n/a n/a n/a n/a n/a 1602 n/a n/a *On January 15,, 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 109 n MarketPulse For advisor use only.

113 MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY) SERIES SERIES SERIES SERIES 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 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S) Annually Monthly A. Marchese since 3/ Annually Monthly M. Schmehl since 3/ Annually Monthly D. Dupont since 3/ Annually Monthly H. Lavallée since 9/ Monthly Monthly G. Stein, D. Wolf, D. Newman, C. Martin, S. Tella Monthly Monthly D. Newman since 10/ Annually Monthly H. Lavallée since 10/ Annually n/a H. Lavallée since 10/ Annually Monthly M. Schmehl since 4/ Annually n/a M. Schmehl since 4/ Annually Monthly M. Lemieux since 11/ Annually Monthly C. Willett since 10/ Annually Monthly C. Willett since 10/ Annually Monthly S. MacMillan since 10/ Annually Monthly S. MacMillan since 10/ Annually Monthly A. Navaratnam since 11/ Annually Monthly A. Navaratnam since 11/ Annually Monthly S. MacMillan since 5/ Annually Monthly S. MacMillan since 5/ Annually Monthly J. Roth since 1/ Annually Monthly J. Roth since 1/ Annually Monthly R. Persaud since 5/ Annually Monthly R. Persaud since 5/ Annually Monthly R. Persaud since 5/ Annually n/a R. Persaud since 5/ Annually n/a R. Persaud since 5/ Annually Monthly S. DuFour since 2/ Annually n/a S. DuFour since 2/ Annually n/a E. Dibb since 7/ Annually n/a E. Dibb since 7/ Annually Monthly J. Ning since 10/ Annually n/a J. Ning since 10/ Annually n/a S. Simnegar since 6/ Annually n/a S. Simnegar since 6/ Annually n/a P. Hadden since 10/ Annually n/a P. Hadden since 10/ Annually Monthly E. Dibb since 10/13; B. MacDonald since 10/ Annually n/a E. Dibb since 10/13; B. MacDonald since 10/ Annually n/a A. Kutas since 2/ Annually n/a A. Kutas since 2/ Annually Monthly J. Podger since 11/ Annually n/a J. Podger since 11/ Annually Monthly P. Quirion since 10/ Annually Monthly P. Quirion since 10/ Annually Monthly P. Quirion since 10/ Annually Monthly C. Willett since 10/ Annually n/a C. Willett since 10/ Annually Monthly G. Stein since 5/12; D. Wolf since 3/ Annually n/a G. Stein since 5/12; D. Wolf since 3/ Annually Monthly C. Willett since 10/ Annually n/a C. Willett since 10/ Annually n/a S. Badkoubei since 3/18; R. Feldman since 4/ Annually n/a S. Badkoubei since 3/18; R. Feldman since 4/ Annually n/a P. Quirion since 4/16 2 S. Buller since 4/07; J. Moore since 11/11, R. Persaud since 12/12; M. Foggin, A. Lewis since 12/17. For advisor use only. MarketPulse n 110

114 FIDELITY FACTS At-a-glance, continued TAX EFFICIENT SERIES CODES 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 NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 EQUITY S continued GLOBAL AND INTERNATIONAL Fidelity International Concentrated Equity Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1603 n/a n/a Fidelity International Concentrated Equity Currency Neutral Fund n/a n/a n/a n/a n/a n/a n/a n/a 6072 n/a n/a Fidelity International Disciplined Equity Fund n/a n/a Fidelity International Disciplined Equity Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1605 n/a n/a Fidelity International Growth Fund Fidelity International Growth Fund US$ Fidelity Japan Fund n/a n/a n/a n/a n/a n/a n/a n/a 620 n/a n/a Fidelity Japan Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 619 n/a n/a Fidelity NorthStar Fund Fidelity NorthStar Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a EQUITY SECTOR S GLOBAL Fidelity Global Consumer Industries Fund n/a n/a n/a n/a n/a n/a n/a n/a 612 n/a n/a Fidelity Global Consumer Industries Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 691 n/a n/a Fidelity Global Financial Services Fund n/a n/a n/a n/a n/a n/a n/a n/a 608 n/a n/a Fidelity Global Financial Services Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 688 n/a n/a Fidelity Global Health Care Fund n/a n/a n/a n/a n/a n/a n/a n/a 699 n/a n/a Fidelity Global Health Care Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 640 n/a n/a Fidelity Global Natural Resources Fund n/a n/a n/a n/a n/a n/a n/a n/a 677 n/a n/a Fidelity Global Natural Resources Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 650 n/a n/a Fidelity Global Real Estate Fund Fidelity Global Real Estate Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1610 n/a n/a Fidelity Global Telecommunications Fund n/a n/a n/a n/a n/a n/a n/a n/a 692 n/a n/a Fidelity Global Telecommunications Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 693 n/a n/a Fidelity Technology Innovators Fund* n/a n/a n/a n/a n/a n/a n/a n/a 697 n/a n/a Fidelity Technology Innovators Fund* US$ n/a n/a n/a n/a n/a n/a n/a n/a 660 n/a n/a ASSET ALLOCATION AND BALANCED S CANADIAN Fidelity Canadian Asset Allocation Fund Fidelity Canadian Balanced Fund Fidelity Income Allocation Fund Fidelity Monthly Income Fund U.S. Fidelity American Balanced Fund Fidelity American Balanced Fund US$ Fidelity American Balanced Currency Neutral Fund Fidelity U.S. Monthly Income Fund Fidelity U.S. Monthly Income Fund US$ Fidelity U.S. Monthly Income Currency Neutral Fund GLOBAL Fidelity Conservative Income Fund Fidelity Conservative Income Fund US$ Fidelity Global Asset Allocation Fund Fidelity Global Asset Allocation Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 629 n/a n/a Fidelity Global Monthly Income Fund Fidelity Global Monthly Income Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1623 n/a n/a Fidelity Global Monthly Income Currency Neutral Fund Fidelity NorthStar Balanced Fund Fidelity NorthStar Balanced Fund US$ Fidelity NorthStar Balanced Currency Neutral Fund Fidelity Tactical High Income Fund Fidelity Tactical High Income Fund US$ Fidelity Tactical High Income Currency Neutral Fund Fidelity Tactical Strategies Fund Fidelity Tactical Strategies Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1419 n/a n/a *On November 1,, Fidelity Global Technology Fund was renamed Fidelity Technology Innovators Fund. n 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 8/07. n 4 D. Dupont since 9/08; D. Newman since 10/11; C. Martin since 7/12; S. Tella 111 n MarketPulse For advisor use only.

115 MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY) SERIES SERIES SERIES SERIES 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 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S) Annually n/a P. Quirion since 4/ Annually n/a P. Quirion since 4/ Annually Monthly C. Willett since 2/ Annually n/a C. Willett since 2/ Annually Monthly J. Weiss since 10/ Annually Monthly J. Weiss since 10/ Annually n/a E. Dibb since 7/ Annually n/a E. Dibb since 7/ Annually Monthly J. Tillinghast since 10/02; D. Dupont since 10/ Annually Monthly J. Tillinghast since 10/02; D. Dupont since 10/ Annually n/a A. Wynimko since 2/ Annually n/a A. Wynimko since 2/ Annually n/a S. Boutsis since 1/ Annually n/a S. Boutsis since 1/ Annually n/a A. Gold, A. Lodha since 12/ Annually n/a A. Gold, A. Lodha since 12/ Annually n/a J. Overdevest, D. Lekkerkerker since 5/ Annually n/a J. Overdevest, D. Lekkerkerker since 5/ Annually Monthly S. Buller since 5/ Annually n/a S. Buller since 5/ Annually n/a A. Shivram since 11/ Annually n/a A. Shivram since 11/ Annually n/a H. Sohn since 3/ Annually n/a H. Sohn since 3/ Quarterly Monthly G. Stein since 4/11; D. Wolf since 3/ Quarterly Monthly G. Stein since 5/12; D. Wolf since 3/ Monthly Monthly G. Stein since 8/07; D. Wolf since 3/ Monthly Monthly G. Stein since 4/11; D. Wolf since 3/ Quarterly Monthly G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 5/ Quarterly Monthly G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 5/ Quarterly Monthly G. Stein, D. Wolf, S. Hart, S. MacMillan, J. Tillinghast since 6/ Monthly Monthly G. Stein since 11/12; D. Wolf since 3/ Monthly Monthly G. Stein since 11/12; D. Wolf since 3/ Monthly Monthly G. Stein since 5/14; D. Wolf since 3/ Monthly Monthly D. Wolf since 5/15; G. Stein since 7/ Monthly Monthly D. Wolf since 5/15; G. Stein since 7/ Quarterly Monthly A. Akbar since 10/ Quarterly n/a A. Akbar since 10/ Monthly Monthly G. Stein since 5/12; D. Wolf since 3/ Monthly n/a G. Stein since 5/12; D. Wolf since 3/ Monthly Monthly G. Stein since 5/12; D. Wolf since 3/ Quarterly Monthly G. Stein, D. Wolf since 7/ Quarterly Monthly G. Stein, D. Wolf since 7/ Quarterly Monthly G. Stein, D. Wolf since 7/ Monthly Monthly A. Kramer, F. O Neil since 5/14, R. Persaud since 12/ Monthly Monthly A. Kramer, F. O Neil since 5/14, R. Persaud since 12/ Monthly Monthly A. Kramer, F. O Neil since 5/14, R. Persaud since 12/ Quarterly Monthly G. Stein, D. Wolf since 7/ Quarterly n/a G. Stein, D. Wolf since 7/17 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. For advisor use only. MarketPulse n 112

116 FIDELITY FACTS At-a-glance, continued TAX EFFICIENT SERIES CODES 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 NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 LIFECYCLE S Fidelity ClearPath Income Portfolio n/a n/a Fidelity ClearPath 2005 Portfolio n/a n/a Fidelity ClearPath 2010 Portfolio n/a n/a Fidelity ClearPath Portfolio n/a n/a Fidelity ClearPath 2020 Portfolio n/a n/a Fidelity ClearPath 2025 Portfolio n/a n/a n/a n/a n/a n/a n/a n/a 025 n/a n/a Fidelity ClearPath 2030 Portfolio n/a n/a n/a n/a n/a n/a n/a n/a 030 n/a n/a Fidelity ClearPath 2035 Portfolio n/a n/a n/a n/a n/a n/a n/a n/a 035 n/a n/a Fidelity ClearPath 2040 Portfolio n/a n/a n/a n/a n/a n/a n/a n/a 040 n/a n/a Fidelity ClearPath 2045 Portfolio n/a n/a n/a n/a n/a n/a n/a n/a 045 n/a n/a Fidelity ClearPath 2050 Portfolio n/a n/a n/a n/a n/a n/a n/a n/a 2544 n/a n/a Fidelity ClearPath 2055 Portfolio n/a n/a n/a n/a n/a n/a n/a n/a 2551 n/a n/a FIDELITY MANAGED PORTFOLIOS Fidelity Income Portfolio Fidelity Global Income Portfolio Fidelity Balanced Portfolio Fidelity Global Balanced Portfolio Fidelity Growth Portfolio Fidelity Global Growth Portfolio FIDELITY MANAGED RISK PORTFOLIOS Fidelity Balanced Managed Risk Portfolio Fidelity Balanced Managed Risk Portfolio US$ Fidelity Conservative Managed Risk Portfolio Fidelity Conservative Managed Risk Portfolio US$ TAX EFFICIENT SERIES CODES 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 NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 FIXED-INCOME S CANADIAN Fidelity Canadian Bond Fund n/a n/a n/a n/a n/a n/a n/a n/a 633 n/a Fidelity Canadian Short Term Bond Fund n/a n/a n/a n/a n/a n/a n/a n/a 685 n/a Fidelity Canadian Money Market Fund* n/a n/a n/a n/a 635 n/a Fidelity Corporate Bond Fund n/a n/a n/a n/a n/a n/a n/a n/a 1635 n/a Fidelity Tactical Fixed Income Fund n/a n/a n/a n/a n/a n/a n/a n/a 798 n/a Fidelity Tactical Fixed Income Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 2845 n/a U.S. Fidelity American High Yield Fund n/a n/a n/a n/a n/a n/a n/a n/a 655 n/a Fidelity American High Yield Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 656 n/a Fidelity American High Yield Currency Neutral Fund n/a n/a n/a n/a n/a n/a n/a n/a 1655 n/a Fidelity Floating Rate High Income Fund n/a n/a n/a n/a n/a n/a n/a n/a 2188 n/a Fidelity Floating Rate High Income Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 2191 n/a Fidelity Floating Rate High Income Currency Neutral Fund n/a n/a n/a n/a n/a n/a n/a n/a 2674 n/a Fidelity U.S. Money Market Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a GLOBAL Fidelity Global Bond Fund n/a n/a n/a n/a n/a n/a n/a n/a 1625 n/a Fidelity Global Bond Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 1626 n/a Fidelity Global Bond Currency Neutral Fund n/a n/a n/a n/a n/a n/a n/a n/a 1627 n/a Fidelity Investment Grade Total Bond Fund n/a n/a n/a n/a n/a n/a n/a n/a 6140 n/a Fidelity Investment Grade Total Bond Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 6156 n/a Fidelity Investment Grade Total Bond Currency Neutral Fund n/a n/a n/a n/a n/a n/a n/a n/a 6171 n/a Fidelity Multi-Sector Bond Fund n/a n/a n/a n/a n/a n/a n/a n/a 5730 n/a Fidelity Multi-Sector Bond Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 5746 n/a Fidelity Multi-Sector Bond Currency Neutral Fund n/a n/a n/a n/a n/a n/a n/a n/a 5761 n/a Fidelity Strategic Income Fund n/a n/a n/a n/a n/a n/a n/a n/a 2716 n/a Fidelity Strategic Income Fund US$ n/a n/a n/a n/a n/a n/a n/a n/a 2722 n/a Fidelity Strategic Income Currency Neutral Fund n/a n/a n/a n/a n/a n/a n/a n/a 3505 n/a 2 Fidelity Canadian Money Market Fund (Series C and D) is available to advisors for single-ticket purchases into Fidelity ClearPlan TM Custom Fund Portfolios. Investments are automatically allocated to the advisors prescribed target fund mix when the signed ClearPlan TM instructions are received. 113 n MarketPulse For advisor use only.

117 MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY) SERIES SERIES SERIES SERIES 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 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S) Quarterly Monthly A. Dierdorf since 5/12; B. Sumsion since 1/ Annually Monthly A. Dierdorf since 5/12; B. Sumsion since 1/ Annually Monthly A. Dierdorf since 5/12; B. Sumsion since 1/ Annually Monthly A. Dierdorf since 5/12; B. Sumsion since 1/ Annually Monthly A. Dierdorf since 5/12; B. Sumsion since 1/ Annually n/a A. Dierdorf since 5/12; B. Sumsion since 1/ Annually n/a A. Dierdorf since 5/12; B. Sumsion since 1/ Annually n/a A. Dierdorf since 5/12; B. Sumsion since 1/ Annually n/a A. Dierdorf since 5/12; B. Sumsion since 1/ Annually n/a A. Dierdorf since 5/12; B. Sumsion since 1/ Annually n/a A. Dierdorf, B. Sumsion since 7/ Annually n/a A. Dierdorf, B. Sumsion since 7/ Quarterly Monthly G. Stein since 5/12; D. Wolf since 3/ Quarterly Monthly G. Stein since 5/12; D. Wolf since 3/ Annually Monthly G. Stein since 5/12; D. Wolf since 3/ Annually Monthly G. Stein since 5/12; D. Wolf since 3/ Annually Monthly G. Stein since 5/12; D. Wolf since 3/ Annually Monthly G. Stein since 5/12; D. Wolf since 3/ Quarterly Monthly D. Wolf since 11/16; G. Stein since 7/ Quarterly Monthly D. Wolf since 11/16; G. Stein since 7/ Quarterly Monthly D. Wolf since 11/16; G. Stein since 7/ Quarterly Monthly D. Wolf since 11/16; G. Stein since 7/17 MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY) SERIES SERIES SERIES SERIES SERIES SERIES A/C/T5 B/D/S5 SERIES SERIES A/C/T5 A/C/T5 A/C/T5 B/D/S5 DSC/LL/LL2 ISC F/F5 SERIES A/B/C/D T5/S5/F5 DSC LL LL2 ISC PORTFOLIO MANAGER(S) Monthly n/a C. Martin since 7/12, S. Tella since 4/ Monthly n/a C. Martin since 7/12, S. Tella since 4/ Monthly n/a M. Widrig since 9/ Monthly n/a C. Martin since 7/12, S. Tella since 4/ Monthly n/a J. Moore since 5/12, C. Martin since 7/12, S. Tella since 4/ Monthly n/a J. Moore, C. Martin since 11/14, S. Tella since 4/ Monthly n/a H. Lank since 8/ Monthly n/a H. Lank since 8/ Monthly n/a H. Lank since 8/ Monthly n/a E. Mollenhauer, K. Nielsen since 10/ Monthly n/a E. Mollenhauer, K. Nielsen since 10/ Monthly n/a E. Mollenhauer, K. Nielsen since 5/ n/a Monthly n/a M. Widrig since 9/ Monthly n/a J. Moore since 11/11; M. Foggin, A. Lewis since 12/ Monthly n/a J. Moore since 11/11; M. Foggin, A. Lewis since 12/ Monthly n/a J. Moore since 11/11; M. Foggin, A. Lewis since 12/ Monthly n/a J. Moore, M. Plage since 1/ Monthly n/a J. Moore, M. Plage since 1/ Monthly n/a J. Moore, M. Plage since 1/ Monthly n/a J. Moore, M. Plage since 5/ Monthly n/a J. Moore, M. Plage since 5/ Monthly n/a J. Moore, M. Plage since 5/ Monthly n/a F. O Neil since 5/15; A. Kramer since 7/ Monthly n/a F. O Neil since 5/15; A. Kramer since 7/ Monthly n/a F. O Neil since 6/16; A. Kramer since 7/17 For advisor use only. MarketPulse n 114

118 FIDELITY FACTS At-a-glance, continued TAX EFFICIENT SERIES CODES 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 NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 CORPORATE CLASS CANADIAN EQUITY Fidelity Canadian Disciplined Equity Class Fidelity Canadian Disciplined Equity Class US$ n/a n/a n/a n/a n/a n/a n/a n/a 1697 n/a n/a Fidelity Canadian Growth Company Class Fidelity Canadian Large Cap Class Fidelity Canadian Large Cap Class US$ n/a n/a Fidelity Canadian Opportunities Class Fidelity Dividend Class Fidelity Dividend Plus Class Fidelity Dividend Plus Class US$ Fidelity Greater Canada Class Fidelity Special Situations Class Fidelity Special Situations Class US$ n/a n/a n/a n/a n/a n/a n/a n/a 2689 n/a n/a Fidelity True North Class U.S. EQUITY Fidelity American Disciplined Equity Class Fidelity American Disciplined Equity Class US$ n/a n/a n/a n/a n/a n/a n/a n/a Fidelity American Disciplined Equity Currency Neutral Class Fidelity American Equity Class Fidelity American Equity Class US$ Fidelity American Equity Currency Neutral Class Fidelity Event Driven Opportunities Class Fidelity Event Driven Opportunities Class US$ Fidelity Event Driven Opportunities Currency Neutral Class Fidelity Small Cap America Class Fidelity Small Cap America Class US$ Fidelity Small Cap America Currency Neutral Class Fidelity U.S. All Cap Class Fidelity U.S. All Cap Class US$ Fidelity U.S. All Cap Currency Neutral Class Fidelity U.S. Focused Stock Class n/a n/a Fidelity U.S. Focused Stock Currency Neutral Class NORTH AMERICAN EQUITY Fidelity North American Equity Class Fidelity North American Equity Class US$ GLOBAL & INTERNATIONAL EQUITY Fidelity AsiaStar Class n/a n/a n/a n/a n/a n/a n/a n/a 1615 n/a n/a Fidelity China Class Fidelity Emerging Markets Class n/a n/a n/a n/a n/a n/a n/a n/a 1675 n/a n/a Fidelity Emerging Markets Class US$ n/a n/a n/a n/a n/a n/a n/a n/a 4675 n/a n/a Fidelity Europe Class n/a n/a n/a n/a n/a n/a n/a n/a 698 n/a n/a Fidelity Far East Class Fidelity Founders Class Fidelity Founders Class US$ Fidelity Founders Currency Neutral Class Fidelity Global Class Fidelity Global Concentrated Equity Class Fidelity Global Concentrated Equity Class US$ Fidelity Global Disciplined Equity Class Fidelity Global Disciplined Equity Class US$ n/a n/a n/a n/a n/a n/a n/a n/a 1638 n/a n/a Fidelity Global Disciplined Equity Currency Neutral Class n/a n/a Fidelity Global Dividend Class Fidelity Global Innovators Class Fidelity Global Innovators Class US$ Fidelity Global Innovators Currency Neutral Class n MarketPulse For advisor use only.

119 MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY) SERIES SERIES SERIES SERIES 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 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S) Annually Monthly A. Marchese Annually n/a A. Marchese Annually Monthly M. Schmehl Annually Monthly D. Dupont Annually Monthly D. Dupont Annually Monthly H. Lavallée Annually Monthly G. Stein, D. Wolf, D. Newman, C. Martin, S. Tella Annually Monthly D. Newman Annually Monthly D. Newman Annually Monthly H. Lavallée Annually Monthly M. Schmehl Annually n/a M. Schmehl Annually Monthly M. Lemieux Annually Monthly C. Willett Annually Monthly C. Willett Annually Monthly C. Willett Annually Monthly S. MacMillan Annually Monthly S. MacMillan Annually Monthly S. MacMillan Annually Monthly A. Navaratnam Annually Monthly A. Navaratnam Annually Monthly A. Navaratnam Annually Monthly S. MacMillan Annually Monthly S. MacMillan Annually Monthly S. MacMillan Annually Monthly J. Roth Annually Monthly J. Roth Annually Monthly J. Roth Annually Monthly S. DuFour Annually Monthly S. DuFour Annually Monthly D. Lekkerkerker Annually Monthly D. Lekkerkerker Annually n/a E. Dibb Annually Monthly J. Ning Annually n/a S. Simnegar Annually n/a S. Simnegar Annually n/a P. Hadden Annually Monthly E. Dibb, B. MacDonald Annually Monthly D. Kelley Annually Monthly D. Kelley Annually Monthly D. Kelley Annually Monthly J. Podger Annually Monthly P. Quirion Annually Monthly P. Quirion Annually Monthly C. Willett Annually n/a C. Willett Annually Monthly C. Willett Annually Monthly G. Stein, D. Wolf, S. Buller, R. Persaud, J. Moore, M. Foggin, A. Lewis Annually Monthly M. Schmehl Annually Monthly M. Schmehl Annually Monthly M. Schmehl For advisor use only. MarketPulse n 116

120 FIDELITY FACTS At-a-glance, continued TAX EFFICIENT SERIES CODES 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 NAME DSC LL LL2 ISC DSC LL LL2 ISC DSC LL LL2 ISC F F5 F8 CORPORATE CLASS continued Fidelity Global Intrinsic Value Class Fidelity Global Intrinsic Value Class US$ Fidelity Global Intrinsic Value Currency Neutral Class Fidelity Global Large Cap Class Fidelity Global Large Cap Class US$ n/a n/a n/a n/a n/a n/a n/a n/a 1149 n/a n/a Fidelity Global Large Cap Currency Neutral Class n/a n/a Fidelity Global Small Cap Class n/a n/a n/a n/a n/a n/a n/a n/a 1200 n/a n/a Fidelity Global Small Cap Class US$ n/a n/a n/a n/a n/a n/a n/a n/a 1249 n/a n/a Fidelity Insights Class Fidelity Insights Class US$ Fidelity Insights Currency Neutral Class Fidelity International Disciplined Equity Class n/a n/a Fidelity International Disciplined Equity Class US$ n/a n/a n/a n/a n/a n/a n/a n/a 1664 n/a n/a Fidelity International Disciplined Equity Currency Neutral Class n/a n/a Fidelity International Growth Class Fidelity International Growth Class US$ Fidelity Japan Class n/a n/a n/a n/a n/a n/a n/a n/a 614 n/a n/a Fidelity NorthStar Class Fidelity NorthStar Class US$ Fidelity NorthStar Currency Neutral Class EQUITY SECTOR Fidelity Global Consumer Industries Class n/a n/a n/a n/a n/a n/a n/a n/a 605 n/a n/a Fidelity Global Financial Services Class n/a n/a n/a n/a n/a n/a n/a n/a 618 n/a n/a Fidelity Global Health Care Class n/a n/a n/a n/a n/a n/a n/a n/a 644 n/a n/a Fidelity Global Natural Resources Class n/a n/a n/a n/a n/a n/a n/a n/a 680 n/a n/a Fidelity Global Real Estate Class Fidelity Global Telecommunications Class n/a n/a n/a n/a n/a n/a n/a n/a 641 n/a n/a Fidelity Technology Innovators Class* n/a n/a n/a n/a n/a n/a n/a n/a 690 n/a n/a ASSET ALLOCATION & BALANCED Fidelity Canadian Asset Allocation Class Fidelity Canadian Asset Allocation Class US$ Fidelity Canadian Balanced Class Fidelity Canadian Balanced Class US$ Fidelity Monthly Income Class Fidelity Monthly Income Class US$ FIXED-INCOME Fidelity Corporate Bond Class n/a n/a n/a n/a n/a Fidelity Canadian Short Term Income Class n/a n/a n/a n/a n/a n/a n/a n/a 646 n/a n/a FIDELITY MANAGED PORTFOLIOS Fidelity Income Class Portfolio Fidelity Income Class Portfolio US$ Fidelity Global Income Class Portfolio Fidelity Global Income Class Portfolio US$ Fidelity Balanced Class Portfolio Fidelity Balanced Class Portfolio US$ Fidelity Global Balanced Class Portfolio Fidelity Global Balanced Class Portfolio US$ Fidelity Growth Class Portfolio Fidelity Growth Class Portfolio US$ Fidelity Global Growth Class Portfolio Fidelity Global Growth Class Portfolio US$ *On November 1,, Fidelity Global Technology Class was renamed Fidelity Technology Innovators Class. n 1 As of December 23,, Fidelity Corporate Bond Capital Yield Class was renamed Fidelity Corporate Bond Class. The Fund s investment objectives and strategies also changed. The Fund is closed to new purchases with the exception of existing regular pre-authorized chequing (PAC) purchases. n 2 On July 11, 2007, Fidelity Canadian Short Term Income Class was closed to new purchases and transfers from outside Fidelity Capital Structure Corporation, with the following exceptions. Regular pre-authorized chequing (PAC) purchases established before July 11, 2007, will be allowed to continue. Assets of the Class already held 117 n MarketPulse For advisor use only.

121 MANAGEMENT FEE (% ANNUALLY) DISTRIBUTIONS CASH AVAILABLE SERVICE FEES (% ANNUALLY) SERIES SERIES SERIES SERIES 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 DSC/LL/LL2 ISC F/F5/F8 SERIES A/B F5/F8 DSC LL LL2 ISC PORTFOLIO MANAGER(S) Annually Monthly J. Tillinghast, S. Hart Annually Monthly J. Tillinghast, S. Hart Annually Monthly J. Tillinghast, S. Hart Annually Monthly C. Willett Annually n/a C. Willett Annually Monthly C. Willett Annually n/a S. Badkoubei, R. Feldman Annually n/a S. Badkoubei, R. Feldman Annually Monthly W. Danoff Annually Monthly W. Danoff Annually Monthly W. Danoff Annually Monthly C. Willett Annually n/a C. Willett Annually Monthly C. Willett Annually Monthly J. Weiss Annually Monthly J. Weiss Annually n/a E. Dibb Annually Monthly J. Tillinghast, D. Dupont Annually Monthly J. Tillinghast, D. Dupont Annually Monthly J. Tillinghast, D. Dupont Annually n/a A. Wynimko Annually n/a S. Boutsis Annually n/a A. Gold, A. Lodha Annually n/a J. Overdevest, D. Lekkerkerker Annually Monthly S. Buller Annually n/a A. Shivram Annually n/a H. Sohn Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf, D. Lekkerkerker, C. Martin, S. Tella, H. Lank Annually Monthly G. Stein, D. Wolf, D. Lekkerkerker, C. Martin, S. Tella, H. Lank Monthly Monthly G. Stein, D. Wolf Monthly Monthly G. Stein, D. Wolf Annually Monthly C. Martin, S. Tella Annually n/a M. Widrig Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf Annually Monthly G. Stein, D. Wolf within the Large Account Policy (LAP) program will be grandfathered. That is, the LAP will continue to be available on Fidelity Canadian Short Term Income Class assets that are currently under the program. No new LAP requests for the Class will be approved or allowed. Fidelity Canadian Short Term Income Class will remain available within Capital Structure for switching from other classes. For advisor use only. MarketPulse n 118

122 FIDELITY FACTS At-a-glance, continued POOL CODES FIXED ADMINISTRATION POOL NAME STRUCTURE SERIES B SERIES S5 SERIES S8 SERIES I SERIES I5 SERIES I8 SERIES F SERIES F5 SERIES F8 SERIES D FEE* FIDELITY PRIVATE INVESTMENT POOLS CORE POOLS Fidelity Canadian Equity Private Pool Class n/a 15 Fidelity Concentrated Canadian Equity Private Pool Class n/a 15 Fidelity Concentrated Value Private Pool Class n/a 15 Fidelity U.S. Dividend Private Pool Trust n/a 15 Fidelity U.S. Dividend Private Pool US$ Trust n/a 15 Fidelity U.S. Equity Private Pool Class n/a 15 Fidelity U.S. Equity Currency Neutral Private Pool Class n/a 18 Fidelity International Equity Private Pool Class n/a 20 Fidelity International Equity Currency Neutral Private Pool Class n/a 23 Fidelity Global Equity Private Pool Class n/a 20 Fidelity Global Equity Currency Neutral Private Pool Class n/a 23 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 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 Fidelity Premium Fixed Income Private Pool Class 2 Class n/a n/a n/a n/a 10 Fidelity Premium Fixed Income Private Pool Class 2 US$ Class n/a n/a n/a n/a 10 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 Fidelity Premium Money Market Private Pool 3 Trust 9016 n/a n/a 9316 n/a n/a 9616 n/a n/a DIVERSIFIED BALANCED POOLS Fidelity Asset Allocation Private Pool Class n/a 15 Fidelity Asset Allocation Private Pool US$ Class n/a 15 Fidelity Asset Allocation Currency Neutral Private Pool Class n/a 18 Fidelity Balanced Private Pool Class n/a 15 Fidelity Balanced Private Pool US$ Class n/a 15 Fidelity Balanced Currency Neutral Private Pool Class n/a 18 Fidelity Balanced Income Private Pool Class n/a 15 Fidelity Balanced Income Private Pool US$ Class n/a 15 Fidelity Balanced Income Currency Neutral Private Pool Class n/a 18 Fidelity Conservative Income Private Pool Trust n/a 12.5 Fidelity Conservative Income Private Pool US$ Trust n/a 12.5 Fidelity Global Asset Allocation Private Pool Trust n/a 15 Fidelity Global Asset Allocation Private Pool US$ Trust n/a 15 Fidelity Global Asset Allocation Currency Neutral Private Pool Trust n/a 18 Fidelity U.S. Growth and Income Private Pool Trust n/a 15 Fidelity U.S. Growth and Income Private Pool US$ Trust n/a 15 * 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,, Fidelity 119 n MarketPulse For advisor use only.

123 ANNUAL MANAGEMENT FEE (IN BASIS POINTS) ANNUAL MANAGEMENT FEE (IN BASIS POINTS) ANNUAL MANAGEMENT FEE (IN BASIS POINTS) SERIES B/S5/S8 SERIES I/I5/I8 SERIES F/F5/F8 FEE REDUCTION (BASIS POINTS) 1 FEE REDUCTION (BASIS POINTS) 1 FEE REDUCTION (BASIS POINTS) 1 MANAGEMENT OVER NEXT NEXT OVER MANAGEMENT OVER NEXT NEXT OVER MANAGEMENT OVER NEXT NEXT OVER FEE $250K $500K $1M $2M FEE $250K $500K $1M $2M FEE $250K $500K $1M $2M PORTFOLIO MANAGER(S) to A. Marchese, J. Overdevest to A. Marchese, J. Overdevest to D. Dupont to R. Persaud to R. Persaud to C. Willett to C. Willett to P. Quirion to P. Quirion to P. Quirion to P. Quirion to C. Martin, S. Tella to C. Martin, S. Tella to C. Martin, S. Tella to C. Martin, S. Tella to J. Moore, C. Martin, S. Tella to M. Widrig to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf to G. Stein, D. Wolf 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 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. For advisor use only. MarketPulse n 120

124 The Fidelity sales team Executive vice-president, Advisor distribution Jaime Harper Ontario VICE-PRESIDENT, REGIONAL SALES Glen Davidson Western Canada VICE-PRESIDENT, REGIONAL SALES Gord Thomson Regional offices British Columbia Three Bentall Centre Suite Burrard Street Vancouver, BC V7X 1G (604) (604) fax Saskatchewan, Manitoba & Alberta 407 2nd Street S.W. Suite 820 Calgary, AB T2P 2Y (403) (403) fax Ontario 483 Bay Street Suite 300 Toronto, ON M5G 2N (416) (416) fax Quebec 1000 de la Gauchetière W. Suite 1400 Montréal, QC H3B 4W (514) fax DISTRICT VICE-PRESIDENTS Brandon Ash Rahim Dhanji (416) Agnes Doherty (416) Alex Gabrini (416) Liam Helt (416) Sanjiv Malik (416) Aaron Martin (416) Robert New (416) Christopher Roe (416) Lee Taylor (416) Jonathan Verity (416) Peter Wloka (416) Ontario VICE-PRESIDENT, REGIONAL SALES Dave Bushnell DISTRICT VICE-PRESIDENTS Stephen Bebber (416) Sean Crockett (416) John Hollingshead (416) Eric Horning (416) Jordan Kaczmarzyk (416) BUSINESS DEVELOPMENT MANAGERS Ahmad Sultan Madeline McGown Geoffrey Ward Insiya Bookwala Rory Poole Nicole Zammit Allyssa Wickens Gillian McGrath Cameron Wicks Jeremy De Souza Gordon Elder Melissa Meirovici BUSINESS DEVELOPMENT MANAGERS Shirley Thai Jeremy Miao Ian Filion Ognjen Todorovic (416) Matthew Chornaby Prairies DISTRICT VICE-PRESIDENTS Mark Bourgeois Thomas Caulfield William Eveleigh Micah Landes Shane Paikin Murray Porubanec Philippe Potvin Michael Stinton Jaymal Tailor British Columbia DISTRICT VICE-PRESIDENTS David Dhaliwal (250) Tom Hanger (604) Patrick Hawkins (778) Bruce McAdie (604) Shea McEachrane-Johnson (778) Gregory Nicholson (204) Jefferey Paling (604) Jonathan Roberts (604) Dustin White (604) BUSINESS DEVELOPMENT MANAGERS Adam Osterling Jean-Claude Sullivan Marc MacDonald Dallin Beloglowka Kate Bako Lauren Stan Sara Loriot Thomas Mills Carter Gathercole BUSINESS DEVELOPMENT MANAGERS Taylor Lee Patrick Farkas Adam Phillips Bradley Huber Devon Mahussier Taylor Duncan-Barr (604) Peyman Gazor Jaime Ethier Deepak Parwani Michael Karkour (416) Myles Peterkin Catharine Prange (416) Alexander Kwok Alvin Ranchhod (416) Samuel Calamai Michael Riccio (416) Raina Halabi Sean Seguin (416) Nicholas Challis Katrina Wilson (905) James Robertson n MarketPulse For advisor use only.

125 Quebec and Atlantic VICE-PRESIDENT, REGIONAL SALES Charles Danis Quebec DISTRICT VICE-PRESIDENTS Albert Arazi (514) Benoit Arsenault (514) Hugo Tellez Chavez (514) Pier-Alexandre Drouin (514) Louis Groleau Lucas Hineson (514) Anthony Iacobo (514) Ghislain Maillet (514) Alexander Monahan (514) Stephane Pitre (514) Philippe Poulin (418) Santino De Toni (514) Atlantic region Félix Dupont (506) Todd Green (902) Tyler Ness (902) BUSINESS DEVELOPMENT MANAGERS Paul-Michael De Petrillo Claudel Caron Prevost Rachel Lemay Philippe Podtetenev Marilyne Bardaji Daniel Procopio Zakarya El Haffaf (514) Steven Lepage Pascal Nuamah Julien Brosseau Michael Pelletier Paul Blanc-Paque Alexander Bergamin Jean-Philippe Phaneuf Daniel Shakibaian For advisor use only. MarketPulse n 122

126 This document is for Advisor Use Only. No recipient is authorized to pass this communication 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 provided 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 evaluated according to an investor s investment objectives and tolerance for risk. Fidelity Investments Canada and its affiliates and related entities are not liable for any errors or omissions in the information or for any loss or damage suffered. is available only to investors who are eligible to buy this series. Your advisor is: (i) responsible for deciding whether or not you are eligible to buy and continue to hold this series; and (ii) required to sign a series F dealer agreement with Fidelity Investments. Your dealer may charge other fees. Other series performance will vary largely due to fees and expenses. 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, management 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 market fund) are historical annual compounded total returns for the period indicated including changes in unit value and reinvestment distributions. 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 guaranteed 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 subject 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: 2018 Morningstar Research Inc. All rights reserved. The information 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 performance is not guarantee of future results. The Morningstar quartiles divide the ranked returns of all funds in a category into four groups with an equal number of funds in each (1, 2, 3 or 4). The quartile measure shows how well a fund has performed compared to all other funds in the same category over the same time period and are updated monthly. For the purpose of calculating quartile breakpoints, Morningstar assesses the return of each series of multi-series funds a fractional weight so that in aggregate a fund offered in multi-series, i.e. Series A, Series B, etc. occupies no more than one place in the category. Each series of each fund is then assessed a quartile rating depending upon where its return is situated relative to the quartile breakpoints. 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 the second, and the next group is at the third quartile. The bottom 25% of funds with the poorest performance is at the fourth quartile. Growth of since inception: Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future values of any mutual fund or returns on investment in any mutual fund. Annual Standard Deviation: Standard deviation is a statistical measure of the range of a fund s performance. When a fund has a high standard deviation, its range of performance has been very wide, indicating that there is a great potential for volatility than those with low standard deviations. Volatility Meter: A fund s volatility is determined using a statistical measure called standard deviation. Standard deviation measures the amount of variability of returns that has historically 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. Allocation: Month-end asset mixes may total greater than/less than 10 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 representing at least 1% of total fund asset. As such, the values displayed may not total 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. 123 n MarketPulse For advisor use only.

127 Invest in visionaries. INTRODUCING TM Fidelity Founders Class Invest in companies where visionary leadership is the hallmark of success. Ask your Fidelity representative. fidelityinnovators.ca Read a fund s prospectus and consult your financial advisor before investing. Mutual funds 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. Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC

128 For more information n visit fidelity.ca n call Fidelity Client Relations at n fax at E v