Fidelity U.S. Dividend Currency Neutral Fund

Fidelity U.S. Dividend Currency Neutral Fund Annual Management Report of Fund Performance June 3, 18

Caution Regarding Forward-looking Statements Certain portions of this report, including, but not limited to, Results of Operations and Recent Developments, may contain forward-looking statements about the Fund, including its strategy, risks, expected performance and condition. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as expects, anticipates, intends, plans, believes, estimates and similar forward-looking expressions or negative versions thereof. In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future Fund action, is also a forward-looking statement. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about the Fund and economic factors. Accordingly, assumptions concerning future economic and other factors may prove to be incorrect at a future date. Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied in any forward-looking statements made by the Fund. Any number of important factors could contribute to these digressions, including, but not limited to, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, and catastrophic events. It should be stressed that the above-mentioned list of important factors is not exhaustive. You are encouraged to consider these and other factors carefully before making any investment decisions and you are urged to avoid placing undue reliance on forward-looking statements. Further, you should be aware of the fact that the Fund has no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, prior to the release of the next Management Report of Fund Performance.

Annual Management Report of Fund Performance as at June 3, 18 Fidelity U.S. Dividend Currency Neutral Fund This annual management report of fund performance contains financial highlights but does not contain the complete annual financial statements for the investment fund. You can get a copy of the annual financial statements at your request, and at no cost, by calling 1-8-263-477, by writing to us at Fidelity Investments, 483 Bay St. Suite 3, Toronto ON MG 2N7 or by visiting our website at www.fidelity.ca or SEDAR at www.sedar.com. Securityholders may also contact us using one of these methods to request a copy of the investment fund s proxy voting policies and procedures, proxy voting disclosure record or quarterly portfolio disclosure relating to the investment fund. Management Discussion of Fund Performance Investment Objective and Strategies Investment Objective: Fidelity U.S. Dividend Currency Neutral Fund (Fund) aims to achieve long-term capital growth by investing, either directly or indirectly through underlying funds, primarily in equity securities of U.S. companies that pay dividends or are expected to pay dividends, and in other types of securities that are expected to distribute income. The Fund uses derivatives to try to minimize the exposure to currency fluctuations between foreign currencies in developed markets and Canadian dollars. The Fund may also hedge against other foreign currencies. The Fund invests primarily in Fidelity U.S. Dividend Investment Trust (Underlying Fund). Strategies: When buying or selling equity securities, the portfolio manager examines each company s potential for success in light of its current financial condition and industry position, as well as economic and market conditions. The portfolio manager focuses primarily on a company s financial stability, valuation and potential to generate sustainable return on equity over time when deciding whether or not to invest in the company. The portfolio manager invests in companies the manager believes are undervalued in the marketplace in relation to factors such as the company s assets, sales, earnings, growth potential and cash flow, or in relation to securities of other companies in the same industry. The portfolio manager considers factors like balance sheet strength, earnings estimates, ability to pay dividends and quality of management. The Fund and/or an underlying fund may invest in other types of securities that are expected to distribute income, such as real estate investment trusts. The Fund may also invest, to a lesser extent, in equity securities that are not expected to distribute income, and in preferred shares and fixed-income securities of any quality or term, including investment-grade bonds and higher-yielding, lower-quality fixed-income securities and convertible securities. The Fund may invest a portion of its assets in securities of other funds, including exchange-traded funds (ETFs) managed by third parties and funds managed by Fidelity, in accordance with its investment objectives. The Fund may invest up to approximately % of its net assets in non-u.s. securities. Risk The risks associated with investing in this Fund remain as discussed in the prospectus. Any changes to the Fund over the period have not affected the overall level of risk of the Fund. The Fund is suitable for long-term investors who want to gain exposure to U.S. equities, want the potential for both income and capital gains and can handle the volatility of returns associated with equity investments. To invest in this Fund, investors should be able to accept a medium level of risk. The suitability of the investment has not changed from what has been disclosed in the prospectus. Results of Operations Fidelity U.S. Dividend Currency Neutral Fund, Series B, returned 2.3%, after fees and expenses, for the one-year period ended June 3, 18. The net returns of the other series of this Fund are similar to those of Series B, except for differences attributable to expense structures. The S&P Index Hedged CAD, broadly representative of the U.S. equities market, returned 13.2% for the same period (in Canadian dollar terms). Market overview: U.S. equities advanced over the review period, supported by robust economic data, strengthening corporate earnings and the passage of the U.S. tax reform bill. Towards the end of the period, investor sentiment was dampened due to concerns over a trade war between the U.S. and China. Furthermore, the intensifying frictions between the U.S. and its other major trade partners including Canada, the European Union (EU) and Mexico also worried investors. The U.S. Federal Reserve increased its benchmark interest rate three times over the past year, to a range of 1.7% to 2.%. Most sectors generated positive returns, with information technology (IT), consumer discretionary and energy leading the market. Energy stocks rose in line with oil prices, which reached their highest level in three years on robust demand as well as on the back of rising geopolitical tensions that could disrupt oil supply. Factors affecting performance: The Fund s benchmark, the Russell 3 Value Index Hedged CAD, returned 6.2% for the period under review. The Fund underperformed the benchmark, primarily due to the Underlying Fund s holdings in the health care and financials sectors. In the health care sector, exposures to U.S.-based pharmaceutical company Johnson & Johnson and Israeli pharmaceutical company Teva Pharmaceutical Industries detracted from relative performance. In the financials sector, U.S.-based insurance companies Chubb Ltd. and Metlife detracted from relative performance. At the end of the review period, the Fund had no exposure to Teva Pharmaceutical. In contrast, the Underlying Fund s higher-than-benchmark exposure to the information technology sector contributed to relative performance. In the information technology sector, exposures to Cisco Systems and Microsoft Corp added to relative returns. Portfolio changes: During the review period, the Underlying Fund s portfolio managers, James Morrow and Ramona Persaud, increased exposure to the materials and health care sectors. In the materials sector, a position in U.S.-based chemical corporation DowDuPont Inc was initiated, due to its attractive dividend yields and compelling valuations. In the health care sector, exposure was added to U.S.-based medical technology company Becton Dickinson, owing to its strong fundamentals and growth prospects. In contrast, exposure was reduced to the financials and energy sectors; the managers found more attractive opportunities elsewhere. 1

Fidelity U.S. Dividend Currency Neutral Fund Management Discussion of Fund Performance continued Overall, sector positioning continues to be a derivative of fundamental analysis and a focus on the prospects of individual companies, rather than a result of top-down macroeconomic opinions. James Morrow, portfolio manager of Fidelity U.S. Dividend Investment Trust, retired on December 31, 17. Effective May 1, 17, portfolio manager Ramona Persaud was assigned as portfolio co-manager with James Morrow on Fidelity U.S. Dividend Investment Trust. Upon Mr. Morrow s retirement on December 31, 17, Ms. Persaud assumed lead portfolio manager responsibilities. Derivatives disclosure: During the period, the Fund engaged in forward contracts, in a manner consistent with its investment objective and strategies, to hedge as completely as possible against the effect of currency fluctuations on the Fund s investment returns. The use of forward contracts in this manner does not completely eliminate the impact of currency fluctuations on returns. The Fund s returns will differ from the local currency returns of the Fund s underlying investments. Recent Developments Portfolio manager Ramona Persaud views the U.S. economy as healthy, but believes it is time to be cautious in light of what she views as heightened investor exuberance in the market. She notes that although it can be difficult for investors to navigate turbulent markets, she believes that sticking to a disciplined approach is important. Her approach emphasizes attractively valued companies with strong competitive positions and good earnings-growth prospects. Successfully identifying these types of companies should result in investments that are of higher quality than the market as a whole, with better income and growth characteristics, a more favourable valuation and lower volatility. At the end of the period, the Underlying Fund had its largest absolute exposure to the financials sector. The Underlying Fund had a larger-than-benchmark exposure to the consumer staples sector and a lower-than-benchmark exposure to the financials sector. Related Party Transactions Manager and Portfolio Adviser The Fund is managed by Fidelity Investments Canada ULC (Fidelity). Fidelity is part of a broader collection of companies collectively known as Fidelity Investments. Fidelity provides or arranges for the provision of all general management and administrative services required by the Fund in its day to day operations, bookkeeping, record keeping and other administrative services for the Fund. Fidelity is the portfolio adviser to the Fund and it provides investment advisory services to the Fund. Fidelity provides investment advice with respect to the Fund s investment portfolio and arranges for the acquisition and disposition of portfolio investments, including all necessary brokerage arrangements. The Fund pays Fidelity a monthly management and advisory fee for their services, based on the net asset value of each Series, calculated daily and payable monthly. The Fund paid Fidelity management and advisory fees of $1,41, for the period ended June 3, 18. Administration Fee Fidelity charges the Fund a fixed administration fee in place of certain variable expenses. Fidelity, in turn, pays all of the operating expenses of the Fund, other than certain specified fund costs (e.g. the fees and expenses of the Independent Review Committee, taxes, brokerage commissions and interest charges). The Fund pays an annual rate, which is calculated on a tiered basis, based on the net asset value of each Series, calculated daily and payable monthly. The Fund paid Fidelity administration fees of $228, for the period ended June 3, 18. 2

Financial Highlights The following tables show selected key financial information about the Fund and are intended to help you understand the Fund s financial performance for the period end of the years shown. This information is derived from the Fund s audited annual and/or unaudited semi-annual financial statements. Please see the front page for information about how you can obtain the Fund s annual or semi-annual financial statements. Fidelity U.S. Dividend Currency Neutral Fund Series A Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $.1 $ 13.44 $ 13.64 $ 13.9 $ 11. Total revenue.41.39.32.27.21 Total expenses (excluding distributions) (.39) (.38) (.34) (.36) (.33) Realized gains (losses) 1.3.7.78.8.8 Unrealized gains (losses) (1.12) 1.1 (.4).6 2.1 Total increase (decrease) from operations B.43 1.72.31. 1.97 From net investment income (excluding dividends) (.11) (.12) (.9) From dividends From capital gains (.39) (.4) Return of capital Total distributions B,C (.) (.16) (.9) Net assets, end of period B $ 14.84 $.1 $ 13.44 $ 13.64 $ 13.9 Net asset value (s) D $ 13,6 $ 18,676 $,848 $ 13,278 $ 12,38 Securities outstanding D 913,83 1,24,79 1,2,44 973,494 911,179 Management expense ratio E,F 2.3% 2.9% 2.61% 2.6% 2.67% Management expense ratio before waivers or absorptions E,F 2.6% 2.62% 2.66% 2.67% 2.67% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $ 14.8439 $.8 $ 13.44 $ 13.6418 $ 13.873 Fidelity U.S. Dividend Currency Neutral Fund Series B Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $.7 $ 13. $ 13.69 $ 13.64 $ 11.7 Total revenue.41.37.3.2. Total expenses (excluding distributions) (.36) (.3) (.31) (.33) (.3) Realized gains (losses) 1.4.68.71. Unrealized gains (losses) (1.17) 1.4 (.). 2. Total increase (decrease) from operations B.42 1.74..8 2. From net investment income (excluding dividends) (.12) (.14) (.12) (.3) From dividends From capital gains (.42) (.) Return of capital Total distributions B,C (.4) (.19) (.12) (.3) Net assets, end of period B $ 14.9 $.7 $ 13. $ 13.69 $ 13.64 Net asset value (s) D $ 3,116 $ 38,98 $ 36,296 $ 2,987 $ 17,667 Securities outstanding D 2,21,39 2,83,68 2,689, 1,896,1 1,29,97 Management expense ratio E,F 2.33% 2.38% 2.4% 2.41% 2.42% Management expense ratio before waivers or absorptions E,F 2.4% 2.41% 2.43% 2.42% 2.42% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $ 14.96 $.7 $ 13.4971 $ 13.6938 $ 13.647 3

Financial Highlights continued Fidelity U.S. Dividend Currency Neutral Fund Series F Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $. $ 13.7 $ 13.77 $ 13.72 $ 11.63 Total revenue.4.36.34.27.22 Total expenses (excluding distributions) (.18) (.17) (.16) (.16) (.) Realized gains (losses) 1.69.6.7.8.17 Unrealized gains (losses) (1.26) 1.8 (.39) 1.96 Total increase (decrease) from operations B.6 1.92.4.18 2. From net investment income (excluding dividends) (.16) (.28) (.28) (.) (.) From dividends From capital gains (.7) (.) Return of capital Total distributions B,C (.73) (.38) (.28) (.) (.) Net assets, end of period B $ 14.97 $. $ 13.7 $ 13.77 $ 13.72 Net asset value (s) D $ 21,426 $ 3,33 $ 29,73 $ 12,987 $ 8,146 Securities outstanding D 1,426,84 1,98,43 2,191,211 942,9 93,93 Management expense ratio E,F 1.19% 1.% 1.21% 1.22% 1.22% Management expense ratio before waivers or absorptions E,F 1.22% 1.22% 1.23% 1.23% 1.22% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $ 14.978 $.149 $ 13.699 $ 13.7736 $ 13.7231 Fidelity U.S. Dividend Currency Neutral Fund Series F Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $ 24.34 $ 22.94 $ 24.9 $ 2.62 $ 22.6 Total revenue.67.64.2.47.48 Total expenses (excluding distributions) (.29) (.29) (.27) (.31) (.31) Realized gains (losses) 2.23 1.17 1.83.19.3 Unrealized gains (losses) (1.76) 1.47 (.43).1 3.71 Total increase (decrease) from operations B.8 2.99 1.6.36 4.24 From net investment income (excluding dividends) (.2) (.4) (.47) (.36) (.27) From dividends From capital gains (.89) (.17) Return of capital (1.18) (1.22) (1.2) (1.13) (1.) Total distributions B,C (2.32) (1.84) (1.72) (1.49) (1.27) Net assets, end of period B $ 22.9 $ 24.34 $ 22.94 $ 24.9 $ 2.62 Net asset value (s) D $ 983 $ 1,64 $ 1,1 $ 46 $ 336 Securities outstanding D 43,9 43,777 48,664 18,73 13, Management expense ratio E,F 1.22% 1.23% 1.2% 1.26% 1.27% Management expense ratio before waivers or absorptions E,F 1.24% 1.2% 1.27% 1.27% 1.27% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $ 22.94 $ 24.343 $ 22.9369 $ 24.891 $ 2.6249 4

Fidelity U.S. Dividend Currency Neutral Fund Series F8 Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $ 22. $ 21. $ 23.34 $ 24.72 $ 22.33 Total revenue.64.4.46.33.38 Total expenses (excluding distributions) (.27) (.28) (.27) (.3) (.3) Realized gains (losses) 1.98 1.7 1.46..11 Unrealized gains (losses) (1.62).8 (.11).28 3.98 Total increase (decrease) from operations B.73 2.18 1..41 4.17 From net investment income (excluding dividends) (.23) (.43) (.4) (.34) (.27) From dividends From capital gains (.82) (.16) Return of capital (1.9) (1.41) (1.4) (1.47) (1.49) Total distributions B,C (2.64) (2.) (1.89) (1.81) (1.76) Net assets, end of period B $.72 $ 22. $ 21. $ 23.34 $ 24.72 Net asset value (s) D $ 9 $ 1, $ 1 $ 8 $ 36 Securities outstanding D 44,419 4,29,32 4,647 1,462 Management expense ratio E,F 1.21% 1.23% 1.2% 1.26% 1.27% Management expense ratio before waivers or absorptions E,F 1.24% 1.24% 1.27% 1.27% 1.27% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $.726 $ 22.22 $ 21.39 $ 23.3448 $ 24.7233 Fidelity U.S. Dividend Currency Neutral Fund Series T Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $ 24.1 $ 22.6 $ 24.3 $ 2.34 $ 22.49 Total revenue.64.6.62.1.41 Total expenses (excluding distributions) (.61) (.62) (.9) (.67) (.64) Realized gains (losses) 2.21 1.16 1. (.12).31 Unrealized gains (losses) (1.7) 1.81 (1.16).64 3.47 Total increase (decrease) from operations B.4 3..2.36 3.4 From net investment income (excluding dividends) (.17) (.19) (.) From dividends From capital gains (.61) (.7) Return of capital (1.22) (1.2) (1.26) (1.13) (1.1) Total distributions B,C (2.) (1.1) (1.41) (1.13) (1.1) Net assets, end of period B $ 22. $ 24.1 $ 22.6 $ 24.3 $ 2.34 Net asset value (s) D $ 694 $ 73 $ 899 $ 782 $ 84 Securities outstanding D 3,788 3,68 39,716 32,189 33,714 Management expense ratio E,F 2.% 2.61% 2.63% 2.66% 2.71% Management expense ratio before waivers or absorptions E,F 2.62% 2.64% 2.68% 2.71% 2.71% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $ 22.7 $ 24.111 $ 22.648 $ 24.3 $ 2.3449

Financial Highlights continued Fidelity U.S. Dividend Currency Neutral Fund Series T8 Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $ 22.7 $ 21.14 $ 23.3 $ 24.4 $ 22.18 Total revenue.67..6.48.39 Total expenses (excluding distributions) (.4) (.8) (.6) (.63) (.9) Realized gains (losses) 1.86 1.9 1..4.21 Unrealized gains (losses) (2.29) 1.33 (.92).6 3.87 Total increase (decrease) from operations B (.3) 2.34.13 (.) 3.88 From net investment income (excluding dividends) (.) (.18) (.14) From dividends From capital gains (.) (.7) Return of capital (1.62) (1.49) (1.1) (1.1) (1.1) Total distributions B,C (2.32) (1.74) (1.6) (1.1) (1.1) Net assets, end of period B $.24 $ 22.7 $ 21.14 $ 23.3 $ 24.4 Net asset value (s) D $ 26 $ 331 $ 13 $ 73 $ 73 Securities outstanding D 12,8,3 24,274 3,43 23,422 Management expense ratio E,F 2.% 2.6% 2.61% 2.64% 2.67% Management expense ratio before waivers or absorptions E,F 2.6% 2.63% 2.67% 2.69% 2.67% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $.2428 $ 22.672 $ 21.1371 $ 23.338 $ 24.4474 Fidelity U.S. Dividend Currency Neutral Fund Series S Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $ 24.11 $ 22.73 $ 24.39 $ 2.43 $ 22.1 Total revenue.66.61.7.3. Total expenses (excluding distributions) (.6) (.7) (.4) (.61) (.9) Realized gains (losses) 2.21 1.12 1.6.6.22 Unrealized gains (losses) (1.72) 1.43 (1.16).16 3. Total increase (decrease) from operations B.9 2.9.6.13 3.68 From net investment income (excluding dividends) (.18) (.24) (.) (.6) From dividends From capital gains (.6) (.9) Return of capital (1.21) (1.24) (1.26) (1.14) (1.1) Total distributions B,C (2.4) (1.7) (1.46) (1.19) (1.1) Net assets, end of period B $ 22.6 $ 24.11 $ 22.73 $ 24.39 $ 2.43 Net asset value (s) D $ 788 $ 818 $ 643 $ 447 $ 44 Securities outstanding D 34,88 33,987 28,34 18,397 17,6 Management expense ratio E,F 2.34% 2.39% 2.4% 2.44% 2.46% Management expense ratio before waivers or absorptions E,F 2.41% 2.41% 2.44% 2.46% 2.46% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $ 22.614 $ 24.76 $ 22.729 $ 24.3891 $ 2.4322 6

Fidelity U.S. Dividend Currency Neutral Fund Series S8 Periods ended June 3, 18 17 16 14 Net assets, beginning of period B $ 22.19 $ 21.2 $ 23.14 $ 24.6 $ 22. Total revenue.7.66.9.1.43 Total expenses (excluding distributions) (.1) (.3) (.) (.6) (.) Realized gains (losses) 1.9 1.23.84.2.36 Unrealized gains (losses) (1.4) 1.6 (1.12).1 3.11 Total increase (decrease) from operations B.2 2.42 (.) (.2) 3.3 From net investment income (excluding dividends) (.17) (.23) (.21) (.8) From dividends From capital gains (.6) (.9) Return of capital (1.62) (1.48) (1.) (1.1) (1.1) Total distributions B,C (2.39) (1.8) (1.71) (1.9) (1.1) Net assets, end of period B $.36 $ 22.19 $ 21.2 $ 23.14 $ 24.6 Net asset value (s) D $ 1,18 $ 76 $ 861 $ 447 $ 33 Securities outstanding D,16 34,3 4,66 19,311 14,381 Management expense ratio E,F 2.34% 2.37% 2.34% 2.34% 2.37% Management expense ratio before waivers or absorptions E,F 2.4% 2.39% 2.38% 2.37% 2.37% Trading expense ratio G.7%.3%.3%.4%.4% Portfolio turnover rate H 27.14% 31.9% 24.63% 37.7% 2.68% Net asset value per security, end of period $.384 $ 22.1934 $ 21.241 $ 23.141 $ 24.8 Fidelity U.S. Dividend Currency Neutral Fund Series E1 Periods ended June 3, 18 17 16 I Net assets, beginning of period B $ 12.47 $ 11.17 $. Total revenue.33.33 Total expenses (excluding distributions) (.28) (.28) (.) Realized gains (losses) 1.14.61.6 Unrealized gains (losses) (.92).6.61 Total increase (decrease) from operations B.27 1.26 1.7 From net investment income (excluding dividends) (.) (.13) From dividends From capital gains (.3) (.) Return of capital Total distributions B,C (.4) (.18) Net assets, end of period B $ 12.33 $ 12.47 $ 11.17 Net asset value (s) D $ 8,379 $ 8,87 $ 3,628 Securities outstanding D 69,63 711,173 324,884 Management expense ratio E,J 2.2% 2.3% 2.33% Management expense ratio before waivers or absorptions E,J 2.31% 2.32% 2.3% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 12.329 $ 12.468 $ 11.1662 7

Financial Highlights continued Fidelity U.S. Dividend Currency Neutral Fund Series E1T Periods ended June 3, 18 17 16 I Net assets, beginning of period B $ 23.13 $ 21.81 $. Total revenue.3.32 Total expenses (excluding distributions) (.49) (.) (.18) Realized gains (losses) 2..93 1.27 Unrealized gains (losses) (1.34).87 1.18 Total increase (decrease) from operations B 1.2 1.62 2.27 From net investment income (excluding dividends) (.19) (.27) From dividends From capital gains (.67) (.) Return of capital (1.16) (1.19) (.) Total distributions B,C (2.2) (1.6) (.) Net assets, end of period B $ 21.72 $ 23.13 $ 21.81 Net asset value (s) D $ 132 $ 262 $ 1 Securities outstanding D 6,69 11,344 739 Management expense ratio E,J 2.16% 2.16% 2.4% Management expense ratio before waivers or absorptions E,J 2.22% 2.18% 2.4% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 21.7238 $ 23.13 $ 21.862 Fidelity U.S. Dividend Currency Neutral Fund Series E2 Periods ended June 3, 18 17 16 I Net assets, beginning of period B $ 12.48 $ 11.17 $. Total revenue.4. Total expenses (excluding distributions) (.28) (.27) (.9) Realized gains (losses) 1.12. (.3) Unrealized gains (losses) (.99).9.8 Total increase (decrease) from operations B.39 1.2.67 From net investment income (excluding dividends) (.) (.13) From dividends From capital gains (.36) (.) Return of capital Total distributions B,C (.46) (.18) Net assets, end of period B $ 12.33 $ 12.48 $ 11.17 Net asset value (s) D $ 788 $ 1,143 $ 26 Securities outstanding D 63,892 91,614 23,737 Management expense ratio E,J 2.% 2.23% 2.21% Management expense ratio before waivers or absorptions E,J 2.26% 2.2% 2.23% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 12.3273 $ 12.476 $ 11.1716 8

Fidelity U.S. Dividend Currency Neutral Fund Series E2T Periods ended June 3, 18 17 K Net assets, beginning of period B $ 19.6 $. Total revenue.2 Total expenses (excluding distributions) (.4) (.) Realized gains (losses) 1.7.27 Unrealized gains (losses) (1.38).3 Total increase (decrease) from operations B.49. From net investment income (excluding dividends) (.16) From dividends From capital gains (.8) Return of capital (.98) (.) Total distributions B,C (1.72) (.) Net assets, end of period B $ 18.43 $ 19.6 Net asset value (s) D $ 17 $ 17 Securities outstanding D 911 876 Management expense ratio E,L 2.% 2.% Management expense ratio before waivers or absorptions E,L 2.11% 2.12% Trading expense ratio G.7%.3% Portfolio turnover rate H 27.14% 31.9% Net asset value per security, end of period $ 18.4269 $ 19.638 Fidelity U.S. Dividend Currency Neutral Fund Series E3 Periods ended June 3, 18 17 16 I Net assets, beginning of period B $ 12.48 $ 11.17 $. Total revenue.2.37 Total expenses (excluding distributions) (.27) (.27) (.9) Realized gains (losses).7.74.74 Unrealized gains (losses) (3.4).33.2 Total increase (decrease) from operations B 1.28 1.17.9 From net investment income (excluding dividends) (.) (.14) From dividends From capital gains (.36) (.) Return of capital Total distributions B,C (.46) (.19) Net assets, end of period B $ 12.3 $ 12.48 $ 11.17 Net asset value (s) D $ 1 $ 74 $ 4 Securities outstanding D 8,949 3,192 Management expense ratio E,J 2.17% 2.22% 2.21% Management expense ratio before waivers or absorptions E,J 2.23% 2.24% 2.23% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 12.3 $ 12.478 $ 11.1722 9

Financial Highlights continued Fidelity U.S. Dividend Currency Neutral Fund Series E4 Periods ended June 3, 18 17 M Net assets, beginning of period B $.16 $. Total revenue.27 Total expenses (excluding distributions) (.22) (.4) Realized gains (losses).91.7 Unrealized gains (losses) (.71) (.16) Total increase (decrease) from operations B.2 (.13) From net investment income (excluding dividends) (.8) From dividends From capital gains (.3) Return of capital Total distributions B,C (.38) Net assets, end of period B $. $.16 Net asset value (s) D $ 8 $ 83 Securities outstanding D 8,49 8,189 Management expense ratio E,N 2.12% 2.12% Management expense ratio before waivers or absorptions E,N 2.18% 2.14% Trading expense ratio G.7%.3% Portfolio turnover rate H 27.14% 31.9% Net asset value per security, end of period $.468 $.1644 Fidelity U.S. Dividend Currency Neutral Fund Series E Periods ended June 3, 18 17 M Net assets, beginning of period B $.16 $. Total revenue.9 Total expenses (excluding distributions) (.21) (.4) Realized gains (losses) 3.26.1 Unrealized gains (losses) (3.17).19 Total increase (decrease) from operations B (.3).16 From net investment income (excluding dividends) (.9) From dividends From capital gains (.3) Return of capital Total distributions B,C (.39) Net assets, end of period B $.6 $.16 Net asset value (s) D $ 1 $ 12 Securities outstanding D 4 1,192 Management expense ratio E,N 2.% 2.12% Management expense ratio before waivers or absorptions E,N 2.17% 2.16% Trading expense ratio G.7%.3% Portfolio turnover rate H 27.14% 31.9% Net asset value per security, end of period $.62 $.1619

Fidelity U.S. Dividend Currency Neutral Fund Series P1 Periods ended June 3, 18 17 16 O Net assets, beginning of period B $ 11.24 $.7 $. Total revenue.31.22. Total expenses (excluding distributions) (.13) (.12) (.6) Realized gains (losses) 1..48. Unrealized gains (losses) (.89).6.17 Total increase (decrease) from operations B.34 1.18.7 From net investment income (excluding dividends) (.12) (.21) (.) From dividends From capital gains (.43) (.8) Return of capital Total distributions B,C (.) (.29) (.) Net assets, end of period B $ 11. $ 11.24 $.7 Net asset value (s) D $ 6,247 $ 6,149 $ 2,171 Securities outstanding D 62,771 47,767 2,6 Management expense ratio E,P 1.11% 1.13% 1.% Management expense ratio before waivers or absorptions E,P 1.14% 1.14% 1.16% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 11.13 $ 11.236 $.672 Fidelity U.S. Dividend Currency Neutral Fund Series P1T Periods ended June 3, 18 17 Q Net assets, beginning of period B $.79 $. Total revenue..1 Total expenses (excluding distributions) (.24) (.19) Realized gains (losses) 1.79 1.3 Unrealized gains (losses) (1.4).7 Total increase (decrease) from operations B.7 2. From net investment income (excluding dividends) (.22) (.4) From dividends From capital gains (.77) (.) Return of capital (1.1) (.87) Total distributions B,C (2.) (1.42) Net assets, end of period B $ 19.6 $.79 Net asset value (s) D $ 221 $ 7 Securities outstanding D 11,3 9,964 Management expense ratio E,R 1.% 1.16% Management expense ratio before waivers or absorptions E,R 1.17% 1.17% Trading expense ratio G.7%.3% Portfolio turnover rate H 27.14% 31.9% Net asset value per security, end of period $ 19.64 $.7913 11

Financial Highlights continued Fidelity U.S. Dividend Currency Neutral Fund Series P2 Periods ended June 3, 18 17 16 O Net assets, beginning of period B $ 11.24 $.7 $. Total revenue.22.48.21 Total expenses (excluding distributions) (.12) (.12) (.6) Realized gains (losses).34.96.96 Unrealized gains (losses) (.37).29 (.2) Total increase (decrease) from operations B.7 1.61.8 From net investment income (excluding dividends) (.12) (.22) (.) From dividends From capital gains (.44) (.8) Return of capital Total distributions B,C (.6) (.3) (.) Net assets, end of period B $ 11.11 $ 11.24 $.7 Net asset value (s) D $ 92 $ 486 $ 6 Securities outstanding D 72,339 38,339,64 Management expense ratio E,P 1.3% 1.6% 1.% Management expense ratio before waivers or absorptions E,P 1.% 1.7% 1.% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 11.82 $ 11.2431 $.77 Fidelity U.S. Dividend Currency Neutral Fund Series P2T Periods ended June 3, 18 17 Q Net assets, beginning of period B $.79 $. Total revenue.8.6 Total expenses (excluding distributions) (.22) (.17) Realized gains (losses) 1.6 1.6 Unrealized gains (losses) (1.43).83 Total increase (decrease) from operations B.8 2.28 From net investment income (excluding dividends) (.22) (.42) From dividends From capital gains (.79) (.16) Return of capital (1.1) (.87) Total distributions B,C (2.2) (1.4) Net assets, end of period B $ 19.6 $.79 Net asset value (s) D $ 498 $ 412 Securities outstanding D 2,46 19,836 Management expense ratio E,R 1.4% 1.6% Management expense ratio before waivers or absorptions E,R 1.7% 1.7% Trading expense ratio G.7%.3% Portfolio turnover rate H 27.14% 31.9% Net asset value per security, end of period $ 19.87 $.787 12

Fidelity U.S. Dividend Currency Neutral Fund Series P3 Periods ended June 3, 18 17 16 O Net assets, beginning of period B $ 11.26 $.9 $. Total revenue.83.1.28 Total expenses (excluding distributions) (.11) (.11) (.) Realized gains (losses) 2.3 1.17.89 Unrealized gains (losses) (1.13) (.86) (.83) Total increase (decrease) from operations B 1.94.21.29 From net investment income (excluding dividends) (.12) (.24) (.) From dividends From capital gains (.44) (.9) Return of capital Total distributions B,C (.6) (.33) (.) Net assets, end of period B $ 11.12 $ 11.26 $.9 Net asset value (s) D $ 62 $ 7 $ 1 Securities outstanding D 14,434 18,392 2 Management expense ratio E,P.99%.99%.8% Management expense ratio before waivers or absorptions E,P 1.2% 1.%.8% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 11.1191 $ 11.28 $.847 Fidelity U.S. Dividend Currency Neutral Fund Series P4 Periods ended June 3, 18 17 16 O Net assets, beginning of period B $ 11.27 $.9 $. Total revenue.3.27.28 Total expenses (excluding distributions) (.8) (.8) (.) Realized gains (losses) 1.1..89 Unrealized gains (losses) (.81).8 (.83) Total increase (decrease) from operations B.42 1.49.29 From net investment income (excluding dividends) (.13) (.24) (.) From dividends From capital gains (.47) (.9) Return of capital Total distributions B,C (.6) (.33) (.) Net assets, end of period B $ 11.12 $ 11.27 $.9 Net asset value (s) D $ 1 $ 1 $ 1 Securities outstanding D 111 2 Management expense ratio E,P.74%.73%.8% Management expense ratio before waivers or absorptions E,P.74%.73%.8% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 11.1247 $ 11.261 $.847 13

Financial Highlights continued Fidelity U.S. Dividend Currency Neutral Fund Series P Periods ended June 3, 18 17 16 O Net assets, beginning of period B $ 11.27 $.9 $. Total revenue.43.27.28 Total expenses (excluding distributions) (.) (.8) (.) Realized gains (losses).21..89 Unrealized gains (losses) (.4).8 (.83) Total increase (decrease) from operations B.14 1.49.29 From net investment income (excluding dividends) (.13) (.24) (.) From dividends From capital gains (.4) (.9) Return of capital Total distributions B,C (.8) (.33) (.) Net assets, end of period B $ 11.13 $ 11.27 $.9 Net asset value (s) D $ 1,718 $ 1 $ 1 Securities outstanding D 4,37 2 Management expense ratio E,P.88%.73%.8% Management expense ratio before waivers or absorptions E,P.91%.73%.8% Trading expense ratio G.7%.3%.3% Portfolio turnover rate H 27.14% 31.9% 24.63% Net asset value per security, end of period $ 11.1349 $ 11.261 $.847 14

Financial Highlights Footnotes A This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 13 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 13 follow Canadian Generally Accepted Accounting Principles (Canadian GAAP). The net assets attributable to securityholders per security presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. An explanation of these differences can be found in the notes to financial statements. For reporting periods ending after January 1, 17 per security comparative figures (except for net asset value per security, end of period) have been conformed to the current rounding presentation of two decimal places. As a result, reporting periods ending prior to January 1, 17 may not foot due to this rounding change. B Net assets and distributions are based on the actual number of securities outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of securities outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per security. C Distributions were paid in cash or reinvested in additional securities of the Fund, or both, and excludes any applicable distributions of management fee reduction to securityholders. Distributions are presented based on management s best estimate of the tax character. D This information is provided as at period end of the year shown. E Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. F Effective November 1, 14, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. A portfolio turnover rate of % is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. For periods greater than six months, but less than a full fiscal year, the portfolio turnover rate is annualized. I For the period February, 16 (commencement of sale of securities) to June 3, 16. J Effective February 9, 16, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. K For the period January 6, 17 (commencement of sale of securities) to June 3, 17. L Effective January, 17, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. M For the period April 21, 17 (commencement of sale of securities) to June 3, 17. N Effective April 2, 17, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. O For the period December 4, (commencement of sale of securities) to June 3, 16. P Effective December 8,, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. Q For the period September 16, 16 (commencement of sale of securities) to June 3, 17. R Effective September, 16, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated.

Management and Advisory Fees Fidelity serves as manager and investment advisor of the Fund. The Fund pays Fidelity a monthly management and advisory fee for their services, based on the net asset value of each Series, calculated daily and payable monthly. Fidelity uses these management fees to pay for sales and trailing commissions to registered dealers on the distribution of the Fund securities, as well as for the general investment management expenses. Dealer compensation represents cash commissions paid by Fidelity to registered dealers during the period and includes upfront deferred sales charge and trailing commissions. This amount may, in certain circumstances, exceed % of the fees earned by Fidelity during the period. For new Funds or Series the amounts presented may not be indicative of longer term operating periods. Management Fees Dealer Compensation Investment management, administration and other Series A 2.% 3.46% 69.4% Series B 1.8% 4.% 4.9% Series F.8%.% Series F.8%.% Series F8.8%.% Series T 2.% 39.64% 6.36% Series T8 2.% 3.37% 64.63% Series S 1.8% 4.% 4.9% Series S8 1.8% 4.% 4.9% Series E1 1.82% 4.79% 4.21% Series E1T 1.82% 4.79% 4.21% Series E2 1.8%.6% 44.44% Series E2T 1.8%.6% 44.44% Series E3 1.77% 6.34% 43.66% Series E4 1.72% 7.97% 42.3% Series E 1.67% 9.7% 4.3% Series P1.82%.% Series P1T.82%.% Series P2.8%.% Series P2T.8%.% Series P3.77%.% Series P4.72%.% Series P.67%.% 16

Fidelity U.S. Dividend Currency Neutral Fund Past Performance The performance information shown assumes that all distributions made by the Fund in the periods shown were reinvested in additional securities of the Fund. The performance information does not take into account sales, redemption, distribution or other optional charges that would have reduced returns or performance. How the Fund has performed in the past does not necessarily indicate how it will perform in the future. The performance data shown for the period occurring prior to the commencement of operations of a series P or E is that of the corresponding series F or F (for series P) or B or S (for series E). Series F, F, B and S have higher combined management and administration fees than the applicable series P and E. Had a series P or E existed since the commencement of operations of series F, F, B or S, the returns of the applicable series P or E would have been higher. Year-by-Year Returns The following bar chart shows the Fund s annual performance for each of the years shown, and illustrates how the Fund s performance was changed from year to year. In percentage terms, the bar chart shows how much an investment made on the first day of each financial year would have grown or decreased by the last day of each financial year. Series A Series F 13 14 16 17 18 13 14 16 17 18.9 17.6.4 -.8 12.9 2. 17. 19.3 1.8.6 14. 3.4 - - Commencement of Operations is November 7, 12 Commencement of Operations is November 7, 12 Series B Series F8 13 14 16 17 18 13 14 16 17 18 16.1 17.9.6 -.6 13.2 2.3 17. 19.3 1.8.6 14. 3.4 - - Commencement of Operations is November 7, 12 Commencement of Operations is November 7, 12 Series F Series T 13 14 16 17 18 13 14 16 17 18 17. 19.3 1.8.6 14. 3.4.9 17.6.4 -.8 12.9 2. - - Commencement of Operations is November 7, 12 Commencement of Operations is November 7, 12 17

Fidelity U.S. Dividend Currency Neutral Fund Past Performance continued Series T8 Series E1T 13 14 16 17 18 13 14 16 17 18.9 17.6.4 -.8 12.9 2.1 16.1 17.8.6 -.6 13.4 2.4 - - Commencement of Operations is November 7, 12 Commencement of Operations is February, 16 Series S Series E2 13 14 16 17 18 13 14 16 17 18 16.1 17.8.6 -.6 13.2 2.2 16.1 17.9.6 -. 13.3 2.3 - - Commencement of Operations is November 7, 12 Commencement of Operations is February, 16 Series S8 Series E2T 13 14 16 17 18 13 14 16 17 18 16.1 18..7 -. 13.2 2.2 16.1 17.8.6 -.6 13.4 2. - - Commencement of Operations is November 7, 12 Commencement of Operations is January 6, 17 Series E1 Series E3 13 14 16 17 18 13 14 16 17 18 16.1 17.9.6 -. 13.2 2.4 16.1 17.9.6 -. 13.4 2. - - Commencement of Operations is February, 16 Commencement of Operations is February, 16 18

Series E4 Series P2 13 14 16 17 18 13 14 16 17 18 16.1 17.9.6 -.6 13.3 2. 17. 19.3 1.8.7 14.7 3.6 - - Commencement of Operations is April 21, 17 Commencement of Operations is December 4, Series E Series P2T 13 14 16 17 18 13 14 16 17 18 16.1 17.9.6 -.6 13.2 2.6 17. 19.3 1.8.6 14.6 3.6 - - Commencement of Operations is April 21, 17 Commencement of Operations is September 16, 16 Series P1 Series P3 13 14 16 17 18 13 14 16 17 18 17. 19.3 1.8.6 14. 3. 17. 19.3 1.8.8 14.9 3.6 - - Commencement of Operations is December 4, Commencement of Operations is December 4, Series P1T Series P4 13 14 16 17 18 13 14 16 17 18 17. 19.3 1.8.6 14. 3. 17. 19.3 1.8.8. 3.9 - - Commencement of Operations is September 16, 16 Commencement of Operations is December 4, 19

Fidelity U.S. Dividend Currency Neutral Fund Past Performance continued Series P 13 14 16 17 18 17. 19.3 1.8.8. 3.8 - Commencement of Operations is December 4, Annual Compound Returns This table shows the Fund s historical annual compound total returns for the periods indicated, compared with a broad-based benchmark, the S&P Index Hedged CAD, and the Fund s benchmark, the Russell 3 Value Index Hedged CAD, as described below. Average Annual Total Returns Fidelity U.S. Dividend Currency Neutral Fund Series A 2.% 4.% 6.2% 8.2% Fidelity U.S. Dividend Currency Neutral Fund Series B 2.3% 4.8% 6.4% 8.% Fidelity U.S. Dividend Currency Neutral Fund Series F 3.4% 6.% 7.7% 9.8% Fidelity U.S. Dividend Currency Neutral Fund Series F 3.4% 6.% 7.6% 9.7% Fidelity U.S. Dividend Currency Neutral Fund Series F8 3.4% 6.% 7.6% 9.7% Fidelity U.S. Dividend Currency Neutral Fund Series T 2.% 4.% 6.2% 8.2% Fidelity U.S. Dividend Currency Neutral Fund Series T8 2.1% 4.6% 6.2% 8.3% Fidelity U.S. Dividend Currency Neutral Fund Series S 2.2% 4.8% 6.4% 8.% Fidelity U.S. Dividend Currency Neutral Fund Series S8 2.2% 4.8% 6.% 8.% Fidelity U.S. Dividend Currency Neutral Fund Series E1 2.4% 4.9% 6.% 8.% Fidelity U.S. Dividend Currency Neutral Fund Series E1T 2.4% 4.9% 6.% 8.% Fidelity U.S. Dividend Currency Neutral Fund Series E2 2.3% 4.9% 6.% 8.6% Fidelity U.S. Dividend Currency Neutral Fund Series E2T 2.% 4.9% 6.% 8.6% Fidelity U.S. Dividend Currency Neutral Fund Series E3 2.%.% 6.% 8.6% Fidelity U.S. Dividend Currency Neutral Fund Series E4 2.% 4.9% 6.% 8.6% Fidelity U.S. Dividend Currency Neutral Fund Series E 2.6% 4.9% 6.% 8.6% Fidelity U.S. Dividend Currency Neutral Fund Series P1 3.% 6.1% 7.7% 9.8% Fidelity U.S. Dividend Currency Neutral Fund Series P1T 3.% 6.% 7.7% 9.8% Fidelity U.S. Dividend Currency Neutral Fund Series P2 3.6% 6.1% 7.8% 9.8% Fidelity U.S. Dividend Currency Neutral Fund Series P2T 3.6% 6.1% 7.7% 9.8% Fidelity U.S. Dividend Currency Neutral Fund Series P3 3.6% 6.3% 7.8% 9.9% Fidelity U.S. Dividend Currency Neutral Fund Series P4 3.9% 6.4% 7.9%.% Fidelity U.S. Dividend Currency Neutral Fund Series P 3.8% 6.4% 7.9%.% Russell 3 Value Index - Hedged CAD 6.2% 7.7%.1% 12.6% S&P Index - Hedged CAD 13.2% 11.2% 16.9% 19.2% A discussion of the performance of the Fund can be found in the Results of Operations section of this report. The Russell 3 Value Index measures the performance of the broad value segment of the U.S. equity value universe. It includes those Russell 3 Index companies that generally have lower price-to-book ratios and lower forecasted growth values. The S&P Index is a widely recognized index of U.S. common stocks of large- and mid-capitalization companies. Each Series will have different returns because of differences in management fees and expenses. Past 1 year Past 3 years Past years Since Inception

Fidelity U.S. Dividend Currency Neutral Fund Summary of Investment Portfolio as at June 3, 18 Sector Mix % of Fund s Net Assets as at 6/3/18 % of Fund s Net Assets as at 6/3/17 Financials 19.8 26.2 Health Care 12.6 9.1 Information Technology 12.2.9 Consumer Discretionary 9. 7. Consumer Staples 9.2 9.7 Energy 8.9. Industrials 7.7 9.3 Materials 4.6 1.9 Telecommunication Services 4.3 3.1 Utilities 3.7.3 Real Estate 1.7 2.1 Foreign Bonds..2 Cash and Cash Equivalents 7.8. Net Other Assets (Liabilities) (2.) 3.7 Derivative Exposure % of Fund s Net Assets as at 6/3/18 % of Fund s Net Assets as at 6/3/17 Forward Foreign Currency Contracts (1.4) 3.9 Forward Foreign Currency Contracts percentage is calculated by dividing the net unrealized gain/loss of all contracts held by total net assets. Top Issuers % of Fund s Net Assets 1. Cash and Cash Equivalents 7.8 2. JPMorgan Chase & Co. 4.3 3. Verizon Communications, Inc. 3.8 4. Wells Fargo & Co. 3.6. Cisco Systems, Inc. 3.2 6. Johnson & Johnson 3.2 7. Bank of America Corp. 3.1 8. Chevron Corp. 2.6 9. United Technologies Corp. 2.4. Citigroup, Inc. 2.4 11. DowDuPont, Inc. 2.4 12. Amgen, Inc. 2.2 13. Exelon Corp. 2. 14. Microsoft Corp. 2.. Qualcomm, Inc. 2. 16. McDonald s Corp. 1.9 17. ConocoPhillips Co. 1.7 18. Comcast Corp. 1.7 19. Becton, Dickinson & Co. 1.. British American Tobacco PLC 1.4 21. Chubb Ltd. 1.3 22. Walmart, Inc. 1.2 23. Suncor Energy, Inc. 1.1 24. American Tower Corp. 1.1 2. Altria Group, Inc. 1.1 61. Total Fund Net Assets $88,91, Where applicable, the information in the above tables includes the Fund s pro-rata share of the investment in any Fidelity managed underlying fund. The Fund uses derivatives to try to minimize the exposure to currency fluctuations between foreign currencies in developed markets and the Canadian dollar. The summary of investment portfolio may change due to ongoing portfolio transactions of the investment fund. The most recent annual report, semi-annual report, quarterly report, fund facts document or simplified prospectus for the investment fund and/or underlying fund is available at no cost, by calling 1-8-263-477, by writing to us at Fidelity Investments Canada ULC, 483 Bay St. Suite 3, Toronto ON MG 2N7 or by visiting our web site at www.fidelity.ca or SEDAR at www.sedar.com. 21