10
AS OF MARCH 31, 2015 PERFORMANCE UPDATE FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE REPORT UNDERSTANDING INVESTMENT PERFORMANCE As you review this update, please remember that the performance data stated represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance stated. To learn more or to obtain the most recent month-end performance, call Fidelity at 1-800-343-0860 or visit www.mysavingsatwork.com (log in, choose plan, select "Investment Choices & Research," and then pick investment option). Fund ID Name 3 Month YTD 1 Year 3 Year 5 Year 10 Year Life of Fund Fund Inception Short-Term Trading Fee (%/ Days) Expense Ratio Cumulative Total Returns % Average Annual Total Returns % LIFECYCLE FFKVX Fidelity Freedom K ® 2005 Fund 13,14 2.08 2.08 5.33 5.95 6.25 n/a 8.72 7/02/09 n/a 0.500 FFKCX Fidelity Freedom K ® 2010 Fund 13,14 2.27 2.27 5.96 7.27 7.37 n/a 9.91 7/02/09 n/a 0.530 FKVFX Fidelity Freedom K ® 2015 Fund 13,14 2.50 2.50 6.54 7.74 7.69 n/a 10.31 7/02/09 n/a 0.550 FFKDX Fidelity Freedom K ® 2020 Fund 13,14 2.67 2.67 6.84 8.31 8.16 n/a 11.26 7/02/09 n/a 0.570 FKTWX Fidelity Freedom K ® 2025 Fund 13,14 2.76 2.76 7.35 9.53 8.99 n/a 12.24 7/02/09 n/a 0.610 FFKEX Fidelity Freedom K ® 2030 Fund 13,14 2.97 2.97 7.78 10.12 9.30 n/a 12.78 7/02/09 n/a 0.650 FKTHX Fidelity Freedom K ® 2035 Fund 13,14 3.14 3.14 8.08 10.94 9.76 n/a 13.34 7/02/09 n/a 0.660 FFKFX Fidelity Freedom K ® 2040 Fund 13,14 3.13 3.13 8.01 11.04 9.81 n/a 13.49 7/02/09 n/a 0.660 FFKGX Fidelity Freedom K ® 2045 Fund 13,14 3.18 3.18 8.10 11.26 9.94 n/a 13.67 7/02/09 n/a 0.660 FFKHX Fidelity Freedom K ® 2050 Fund 13,14 3.09 3.09 8.09 11.27 9.92 n/a 13.74 7/02/09 n/a 0.650 FDENX Fidelity Freedom K ® 2055 Fund 13,14 3.11 3.11 8.03 11.50 n/a n/a 9.03 6/01/11 n/a 0.660 FDKNX Fidelity Freedom K ® 2060 Fund 13,14 3.06 3.06 -- n/a n/a n/a 5.99 8/05/14 n/a 0.650 FFKAX Fidelity Freedom K ® Income Fund 13,14 1.63 1.63 4.28 4.37 4.79 n/a 6.34 7/02/09 n/a 0.440 ASSET ALLOCATION FASIX Fidelity Asset Manager ® 20% 13 1.68 1.68 4.17 4.77 5.35 5.08 6.32 10/01/92 n/a 0.530 FTANX Fidelity Asset Manager ® 30% 1,13 2.06 2.06 5.09 6.20 6.57 n/a 4.46 10/09/07 n/a 0.550 FFANX Fidelity Asset Manager ® 40% 1,13 2.33 2.33 5.60 7.44 7.51 n/a 4.66 10/09/07 n/a 0.560 FASMX Fidelity Asset Manager ® 50% 13 2.64 2.64 6.15 8.61 8.40 6.11 8.39 12/28/88 n/a 0.660 FSANX Fidelity Asset Manager ® 60% 1,13 2.80 2.80 6.52 9.66 9.06 n/a 4.95 10/09/07 n/a 0.730 FASGX Fidelity Asset Manager ® 70% 13 3.09 3.09 6.79 10.71 9.82 6.41 8.04 12/30/91 n/a 0.730 FAMRX Fidelity Asset Manager ® 85% 13 3.47 3.47 7.37 12.43 10.77 7.30 5.86 9/24/99 n/a 0.750 MONEY MARKET FDRXX Fidelity ® Cash Reserves 15 7-Day Yield % as of 03/31/2015: 0.01 0.00 0.00 0.01 0.01 0.02 1.56 5.15 5/10/79 n/a 0.370 SPAXX Fidelity ® Government Money Market Fund 15 7-Day Yield % as of 03/31/2015: 0.01 0.00 0.00 0.01 0.01 0.01 1.45 3.12 2/05/90 n/a 0.420 SPRXX Fidelity ® Money Market Fund 15 7-Day Yield % as of 03/31/2015: 0.01 0.00 0.00 0.01 0.01 0.01 1.57 3.47 1/23/89 n/a 0.420 The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period. For important disclosures, please see last page(s) of this report. 1

FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE … · SPHIX Fidelity ® High Income Fund 16,17 2.26 2.26 1.38 6.38 7.51 7.52 9.07 8/29/90 1/90 0.720 FSADX Strategic Advisers ®

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Page 1: FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE … · SPHIX Fidelity ® High Income Fund 16,17 2.26 2.26 1.38 6.38 7.51 7.52 9.07 8/29/90 1/90 0.720 FSADX Strategic Advisers ®

AS OF MARCH 31, 2015

PERFORMANCE UPDATE

FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE REPORT

UNDERSTANDING INVESTMENT PERFORMANCEAs you review this update, please remember that the performance data stated represents past performance, which does notguarantee future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain orloss when you sell your shares. Current performance may be higher or lower than the performance stated. To learn more or toobtain the most recent month-end performance, call Fidelity at 1-800-343-0860 or visit www.mysavingsatwork.com (log in, chooseplan, select "Investment Choices & Research," and then pick investment option).

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

LIFECYCLEFFKVX Fidelity Freedom K® 2005 Fund 13,14 2.08 2.08 5.33 5.95 6.25 n/a 8.72 7/02/09 n/a 0.500

FFKCX Fidelity Freedom K® 2010 Fund 13,14 2.27 2.27 5.96 7.27 7.37 n/a 9.91 7/02/09 n/a 0.530

FKVFX Fidelity Freedom K® 2015 Fund 13,14 2.50 2.50 6.54 7.74 7.69 n/a 10.31 7/02/09 n/a 0.550

FFKDX Fidelity Freedom K® 2020 Fund 13,14 2.67 2.67 6.84 8.31 8.16 n/a 11.26 7/02/09 n/a 0.570

FKTWX Fidelity Freedom K® 2025 Fund 13,14 2.76 2.76 7.35 9.53 8.99 n/a 12.24 7/02/09 n/a 0.610

FFKEX Fidelity Freedom K® 2030 Fund 13,14 2.97 2.97 7.78 10.12 9.30 n/a 12.78 7/02/09 n/a 0.650

FKTHX Fidelity Freedom K® 2035 Fund 13,14 3.14 3.14 8.08 10.94 9.76 n/a 13.34 7/02/09 n/a 0.660

FFKFX Fidelity Freedom K® 2040 Fund 13,14 3.13 3.13 8.01 11.04 9.81 n/a 13.49 7/02/09 n/a 0.660

FFKGX Fidelity Freedom K® 2045 Fund 13,14 3.18 3.18 8.10 11.26 9.94 n/a 13.67 7/02/09 n/a 0.660

FFKHX Fidelity Freedom K® 2050 Fund 13,14 3.09 3.09 8.09 11.27 9.92 n/a 13.74 7/02/09 n/a 0.650

FDENX Fidelity Freedom K® 2055 Fund 13,14 3.11 3.11 8.03 11.50 n/a n/a 9.03 6/01/11 n/a 0.660

FDKNX Fidelity Freedom K® 2060 Fund 13,14 3.06 3.06 -- n/a n/a n/a 5.99 8/05/14 n/a 0.650

FFKAX Fidelity Freedom K® Income Fund 13,14 1.63 1.63 4.28 4.37 4.79 n/a 6.34 7/02/09 n/a 0.440

ASSET ALLOCATIONFASIX Fidelity Asset Manager® 20% 13 1.68 1.68 4.17 4.77 5.35 5.08 6.32 10/01/92 n/a 0.530

FTANX Fidelity Asset Manager® 30% 1,13 2.06 2.06 5.09 6.20 6.57 n/a 4.46 10/09/07 n/a 0.550

FFANX Fidelity Asset Manager® 40% 1,13 2.33 2.33 5.60 7.44 7.51 n/a 4.66 10/09/07 n/a 0.560

FASMX Fidelity Asset Manager® 50% 13 2.64 2.64 6.15 8.61 8.40 6.11 8.39 12/28/88 n/a 0.660

FSANX Fidelity Asset Manager® 60% 1,13 2.80 2.80 6.52 9.66 9.06 n/a 4.95 10/09/07 n/a 0.730

FASGX Fidelity Asset Manager® 70% 13 3.09 3.09 6.79 10.71 9.82 6.41 8.04 12/30/91 n/a 0.730

FAMRX Fidelity Asset Manager® 85% 13 3.47 3.47 7.37 12.43 10.77 7.30 5.86 9/24/99 n/a 0.750

MONEY MARKETFDRXX Fidelity® Cash Reserves 15

7-Day Yield % as of 03/31/2015: 0.010.00 0.00 0.01 0.01 0.02 1.56 5.15 5/10/79 n/a 0.370

SPAXX Fidelity® Government Money Market Fund 15

7-Day Yield % as of 03/31/2015: 0.010.00 0.00 0.01 0.01 0.01 1.45 3.12 2/05/90 n/a 0.420

SPRXX Fidelity® Money Market Fund 15

7-Day Yield % as of 03/31/2015: 0.010.00 0.00 0.01 0.01 0.01 1.57 3.47 1/23/89 n/a 0.420

The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period.

For important disclosures, please see last page(s) of this report.1

Page 2: FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE … · SPHIX Fidelity ® High Income Fund 16,17 2.26 2.26 1.38 6.38 7.51 7.52 9.07 8/29/90 1/90 0.720 FSADX Strategic Advisers ®

AS OF MARCH 31, 2015

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

MONEY MARKET (continued)FGMXX Fidelity® Money Market Trust Retirement

Government Money Market Portfolio 15

7-Day Yield % as of 03/31/2015: 0.01

0.00 0.00 0.01 0.01 0.01 1.46 3.36 12/16/88 n/a 0.420

FRTXX Fidelity® Money Market Trust Retirement MoneyMarket Portfolio 15

7-Day Yield % as of 03/31/2015: 0.01

0.00 0.00 0.01 0.01 0.01 1.58 3.46 12/02/88 n/a 0.420

FSLXX Fidelity® Select Money Market Portfolio 15

7-Day Yield % as of 03/31/2015: 0.010.00 0.00 0.02 0.03 0.06 1.62 3.73 8/30/85 n/a 0.300

FDLXX Fidelity® Treasury Only Money Market Fund 15

7-Day Yield % as of 03/31/2015: 0.010.00 0.00 0.01 0.01 0.01 1.24 3.26 1/05/88 n/a 0.420

FGRXX Fidelity® U.S. Government Reserves 15

7-Day Yield % as of 03/31/2015: 0.010.00 0.00 0.01 0.01 0.01 1.49 4.33 11/03/81 n/a 0.320

BOND - GOVERNMENTFGMNX Fidelity® GNMA Fund 16 0.85 0.85 5.07 2.43 4.11 5.01 6.63 11/08/85 n/a 0.450

FGOVX Fidelity® Government Income Fund 16 1.40 1.40 5.20 2.45 3.67 4.59 7.49 4/04/79 n/a 0.450

FSTGX Fidelity® Intermediate Government Income Fund16

1.24 1.24 3.07 1.60 2.75 3.93 5.56 5/02/88 n/a 0.450

FFXSX Fidelity® Limited Term Government Fund 16 0.86 0.86 1.72 0.98 1.59 3.13 5.20 11/10/86 n/a 0.450

FIBAX Spartan® Intermediate Treasury Bond Index Fund- Fidelity Advantage Class 16

2.23 2.23 6.82 2.76 5.31 -- 5.60 12/20/05 n/a 0.100

FLBAX Spartan® Long-Term Treasury Bond Index Fund -Fidelity Advantage Class 16

3.87 3.87 21.23 7.66 10.50 -- 7.89 12/20/05 n/a 0.100

FSBAX Spartan® Short-Term Treasury Bond Index Fund -Fidelity Advantage Class 16

0.89 0.89 1.73 0.92 1.70 -- 3.20 12/20/05 n/a 0.100

BOND - DIVERSIFIEDFCONX Fidelity® Conservative Income Bond Fund 1,16 0.07 0.07 0.20 0.56 n/a n/a 0.57 3/03/11 n/a 0.400

FCBFX Fidelity® Corporate Bond Fund 16 2.22 2.22 6.96 5.40 -- n/a 7.11 5/04/10 n/a 0.450

FTHRX Fidelity® Intermediate Bond Fund 16 1.49 1.49 3.53 2.72 4.05 4.34 7.55 5/23/75 n/a 0.450

FBNDX Fidelity® Investment Grade Bond Fund 16 1.56 1.56 5.25 3.55 5.09 4.60 7.19 8/06/71 n/a 0.450

FMSFX Fidelity® Mortgage Securities Fund 16 1.14 1.14 5.63 2.88 4.27 4.12 6.80 12/31/84 n/a 0.450

FSHBX Fidelity® Short-Term Bond Fund 16 0.58 0.58 1.16 1.23 1.75 2.19 4.62 9/15/86 n/a 0.450

FSICX Fidelity® Strategic Income Fund 16 1.85 1.85 2.89 4.39 5.66 6.51 6.95 5/01/98 n/a 0.690

FTBFX Fidelity® Total Bond Fund 16 1.93 1.93 5.29 3.89 5.24 5.40 5.46 10/15/02 n/a 0.450

FSITX Spartan® U.S. Bond Index Fund - FidelityAdvantage Class 1,2,16

1.66 1.66 5.72 3.04 4.31 4.60 6.49 3/08/90 n/a 0.170

FWHBX Strategic Advisers® Core Income Multi-ManagerFund 16

1.74 1.74 5.54 -- n/a n/a 3.24 6/19/12 n/a 1.040

BOND - INFLATION-PROTECTEDFINPX Fidelity® Inflation-Protected Bond Fund 16 1.22 1.22 2.74 0.22 3.84 3.85 4.83 6/26/02 n/a 0.450

FSIYX Spartan® Inflation-Protected Bond Index Fund -Fidelity Advantage Class 16

1.46 1.46 3.17 -- n/a n/a -0.26 5/16/12 n/a 0.100

The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period.

For important disclosures, please see last page(s) of this report.2

Page 3: FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE … · SPHIX Fidelity ® High Income Fund 16,17 2.26 2.26 1.38 6.38 7.51 7.52 9.07 8/29/90 1/90 0.720 FSADX Strategic Advisers ®

AS OF MARCH 31, 2015

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

BOND - HIGH YIELDFAGIX Fidelity® Capital & Income Fund 16,17 4.01 4.01 7.02 9.37 9.05 8.96 10.19 11/01/77 1/90 0.710

FFRHX Fidelity® Floating Rate High Income Fund 3,16,17 2.00 2.00 1.48 3.49 3.88 4.24 4.28 8/16/00 1/60 0.690

FHIFX Fidelity® Focused High Income Fund 16,17 2.76 2.76 2.84 5.72 7.06 6.26 6.10 9/08/04 1/90 0.830

FGHNX Fidelity® Global High Income Fund 1,16,17 1.76 1.76 0.72 6.44 n/a n/a 5.20 5/11/11 1/90 0.950

SPHIX Fidelity® High Income Fund 16,17 2.26 2.26 1.38 6.38 7.51 7.52 9.07 8/29/90 1/90 0.720

FSADX Strategic Advisers® Income Opportunities Fund ofFunds 1,16,17

2.39 2.39 1.30 -- n/a n/a 7.60 6/19/12 1/90 5.020

BOND - INTERNATIONAL/GLOBALFNMIX Fidelity® New Markets Income Fund 16 0.75 0.75 1.42 3.68 6.22 8.32 10.98 5/04/93 1/90 0.900

BALANCED/HYBRIDFBAKX Fidelity® Balanced Fund - Class K 4,13 2.24 2.24 10.71 12.17 11.38 7.93 9.55 11/06/86 n/a 0.460

FFNOX Fidelity® Four-in-One Index Fund 1,13 2.64 2.64 7.74 12.40 11.04 7.02 5.05 6/29/99 n/a 0.240

FPUKX Fidelity® Puritan® Fund - Class K 4,13 2.65 2.65 11.24 12.27 11.47 7.66 11.13 4/16/47 n/a 0.460

FSDIX Fidelity® Strategic Dividend & Income® Fund 13 1.02 1.02 10.52 12.68 12.08 7.16 7.61 12/23/03 n/a 0.740

FSRRX Fidelity® Strategic Real Return Fund 13 0.11 0.11 -2.90 1.28 4.06 -- 3.16 9/07/05 0.75/60 0.770

BALANCED/HYBRID - CONVERTIBLESFCVSX Fidelity® Convertible Securities Fund 13 1.11 1.11 8.13 12.69 11.03 8.51 11.17 1/05/87 n/a 0.580

BALANCED/HYBRID - INTERNATIONALFGBLX Fidelity® Global Balanced Fund 13 1.84 1.84 0.00 6.91 7.11 6.76 7.94 2/01/93 1/30 0.990

FDYSX Fidelity® Global Strategies Fund 5,13 2.54 2.54 4.47 6.16 6.42 n/a 3.18 10/31/07 n/a 0.850

DOMESTIC EQUITIES - LARGE VALUEFBCVX Fidelity® Blue Chip Value Fund 13 2.52 2.52 14.24 16.86 11.29 5.45 6.78 6/17/03 n/a 0.730

FETKX Fidelity® Equity Dividend Income Fund - Class K4,13

0.13 0.13 10.38 14.85 11.68 5.74 10.43 8/21/90 n/a 0.520

FEIKX Fidelity® Equity-Income Fund - Class K 4,13 0.21 0.21 6.62 14.05 11.15 5.99 11.56 5/16/66 n/a 0.580

FLVEX Fidelity® Large Cap Value Enhanced Index Fund13

-0.27 -0.27 10.50 17.37 14.40 n/a 4.99 4/19/07 n/a 0.470

FSLVX Fidelity® Stock Selector Large Cap Value Fund 13 0.48 0.48 10.25 16.62 12.56 6.04 6.33 11/15/01 n/a 0.780

FVDKX Fidelity® Value Discovery Fund - Class K 4,13 1.26 1.26 12.24 17.94 14.44 8.66 10.50 12/10/02 n/a 0.660

FKMOX Strategic Advisers® Value Multi-Manager Fund 13 0.14 0.14 8.94 15.45 n/a n/a 18.48 11/16/11 n/a 1.320

DOMESTIC EQUITIES - MID VALUEFLCKX Fidelity® Leveraged Company Stock Fund - Class

K 4,13,184.21 4.21 8.46 17.97 14.82 9.29 13.81 12/19/00 1.5/90 0.670

FLPKX Fidelity® Low-Priced Stock Fund - Class K 4,13,18 1.81 1.81 7.51 15.36 14.32 9.64 14.42 12/27/89 1.5/90 0.720

FSMVX Fidelity® Mid Cap Value Fund 13,18 2.59 2.59 15.74 20.63 16.71 9.89 10.53 11/15/01 0.75/30 0.830

FVLKX Fidelity® Value Fund - Class K 4,13,18 3.08 3.08 11.03 19.11 15.18 8.59 12.71 12/01/78 n/a 0.650

FVSKX Fidelity® Value Strategies Fund - Class K 4,13,18 4.50 4.50 10.35 17.14 13.94 8.36 12.08 12/31/83 n/a 0.530

For important disclosures, please see last page(s) of this report.

3

Page 4: FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE … · SPHIX Fidelity ® High Income Fund 16,17 2.26 2.26 1.38 6.38 7.51 7.52 9.07 8/29/90 1/90 0.720 FSADX Strategic Advisers ®

AS OF MARCH 31, 2015

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

DOMESTIC EQUITIES - SMALL VALUEFCPVX Fidelity® Small Cap Value Fund 13,19 2.17 2.17 8.66 17.02 14.66 10.70 11.69 11/03/04 1.5/90 1.090

DOMESTIC EQUITIES - LARGE BLENDFDEKX Fidelity® Disciplined Equity Fund - Class K 4,13 2.53 2.53 12.56 17.42 12.93 6.98 10.51 12/28/88 n/a 0.390

FDGKX Fidelity® Dividend Growth Fund - Class K 4,13 1.20 1.20 11.63 15.11 13.11 7.91 11.00 4/27/93 n/a 0.440

FGIKX Fidelity® Growth & Income Portfolio - Class K 4,13 0.40 0.40 9.63 15.94 14.28 3.92 10.11 12/30/85 n/a 0.530

FLCEX Fidelity® Large Cap Core Enhanced Index Fund 13 0.92 0.92 12.86 16.38 14.67 n/a 6.74 4/19/07 n/a 0.460

FLCSX Fidelity® Large Cap Stock Fund 13 1.06 1.06 8.43 17.40 14.99 9.37 8.56 6/22/95 n/a 0.880

FGRTX Fidelity® Mega Cap Stock Fund 13 -0.30 -0.30 9.54 15.56 14.46 8.30 5.09 12/28/98 n/a 0.680

FUSVX Spartan® 500 Index Fund - Fidelity AdvantageClass 1,6,13

0.95 0.95 12.69 16.06 14.42 7.98 10.21 2/17/88 n/a 0.070

FSTVX Spartan® Total Market Index Fund - FidelityAdvantage Class 1,6,13

1.82 1.82 12.26 16.32 14.71 8.51 6.95 11/05/97 0.5/90 0.070

FLAUX Strategic Advisers® Core Multi-Manager Fund 1,13 1.18 1.18 11.63 14.91 n/a n/a 17.90 11/16/11 n/a 1.220

DOMESTIC EQUITIES - MID BLENDFMEIX Fidelity® Mid Cap Enhanced Index Fund 13,18 4.42 4.42 14.79 19.63 16.75 n/a 9.70 12/20/07 0.75/30 0.620

FSEVX Spartan® Extended Market Index Fund - FidelityAdvantage Class 6,13,18

5.33 5.33 10.37 17.40 15.85 10.33 8.31 11/05/97 0.75/90 0.070

FSCKX Spartan® Mid Cap Index Fund - FidelityAdvantage Class 1,13,18

3.95 3.95 13.59 18.01 n/a n/a 20.40 9/08/11 0.75/30 0.210

DOMESTIC EQUITIES - SMALL BLENDFSCRX Fidelity® Small Cap Discovery Fund 13,19 1.93 1.93 8.47 18.23 17.77 12.31 11.94 9/26/00 1.5/90 1.010

FCPEX Fidelity® Small Cap Enhanced Index Fund 13,19 6.78 6.78 11.86 17.90 16.70 n/a 9.23 12/20/07 1.5/90 0.730

FSLCX Fidelity® Small Cap Stock Fund 13,19 7.08 7.08 14.23 13.88 9.99 8.13 9.22 3/12/98 2/90 0.680

FDSCX Fidelity® Stock Selector Small Cap Fund 13,19 5.35 5.35 7.80 14.23 14.80 7.74 8.45 6/28/93 1.5/90 0.730

FSSVX Spartan® Small Cap Index Fund - FidelityAdvantage Class 1,13,19

4.41 4.41 8.48 16.43 n/a n/a 19.72 9/08/11 1.5/90 0.340

FNAPX Strategic Advisers® Small-Mid Cap Multi-ManagerFund 1,13,19

4.89 4.89 7.71 14.60 n/a n/a 18.14 12/20/11 1.5/90 1.300

DOMESTIC EQUITIES - LARGE GROWTHFFTYX Fidelity Fifty® 13 4.29 4.29 7.21 15.66 14.10 7.54 9.82 9/17/93 n/a 0.830

FBGKX Fidelity® Blue Chip Growth Fund - Class K 4,13 5.51 5.51 18.81 18.96 17.15 10.30 11.62 12/31/87 n/a 0.680

FCAKX Fidelity® Capital Appreciation Fund - Class K 4,13 4.19 4.19 14.68 18.03 15.46 9.38 11.20 11/26/86 n/a 0.700

FCNKX Fidelity® Contrafund® - Class K 4,13 4.08 4.08 13.57 15.77 15.05 10.16 12.56 5/17/67 n/a 0.540

FEXKX Fidelity® Export and Multinational Fund - Class K4,13

2.78 2.78 12.17 13.40 11.51 7.39 11.97 10/04/94 0.75/30 0.640

FTQGX Fidelity® Focused Stock Fund 1,13 4.80 4.80 7.79 15.90 15.95 10.05 7.29 11/12/96 n/a 0.780

FFDKX Fidelity® Fund - Class K 4,13 3.39 3.39 14.45 15.53 13.66 8.07 10.11 4/30/30 n/a 0.410

FGCKX Fidelity® Growth Company Fund - Class K 4,13 4.89 4.89 17.11 17.47 17.66 12.21 13.44 1/17/83 n/a 0.710

FGDKX Fidelity® Growth Discovery Fund - Class K 4,13 4.70 4.70 12.23 16.26 16.52 9.80 7.52 3/31/98 n/a 0.680

For important disclosures, please see last page(s) of this report.

4

Page 5: FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE … · SPHIX Fidelity ® High Income Fund 16,17 2.26 2.26 1.38 6.38 7.51 7.52 9.07 8/29/90 1/90 0.720 FSADX Strategic Advisers ®

AS OF MARCH 31, 2015

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

DOMESTIC EQUITIES - LARGE GROWTH (continued)FDFKX Fidelity® Independence Fund - Class K 4,13 6.98 6.98 13.58 19.28 15.41 10.27 12.14 3/25/83 n/a 0.640

FLGEX Fidelity® Large Cap Growth Enhanced Index Fund13

3.26 3.26 16.35 16.55 15.52 n/a 8.30 4/19/07 n/a 0.450

FMGKX Fidelity® Magellan® Fund - Class K 4,13 2.86 2.86 15.07 17.30 12.26 6.46 16.31 5/02/63 n/a 0.420

FNCMX Fidelity® Nasdaq® Composite Index Fund 1,13 3.72 3.72 18.00 17.88 16.53 10.29 9.78 9/25/03 0.75/90 0.550

FMILX Fidelity® New Millennium Fund 13 1.42 1.42 3.99 15.03 14.24 10.41 13.81 12/28/92 n/a 0.840

FOCKX Fidelity® OTC Portfolio - Class K 4,13 4.87 4.87 18.57 19.47 17.79 12.95 13.62 12/31/84 n/a 0.650

FSSKX Fidelity® Stock Selector All Cap Fund - Class K4,13

3.60 3.60 12.15 16.77 14.33 8.20 10.73 9/28/90 n/a 0.580

FTRNX Fidelity® Trend Fund 7,13 3.97 3.97 15.10 17.12 16.22 10.23 11.82 6/16/58 n/a 0.750

FMELX Strategic Advisers® Growth Multi-Manager Fund13

3.75 3.75 14.09 15.35 n/a n/a 18.08 11/16/11 n/a 0.840

DOMESTIC EQUITIES - MID GROWTHFAGKX Fidelity® Growth Strategies Fund - Class K 4,13,18 6.58 6.58 19.98 18.08 14.76 8.77 9.23 12/28/90 1.5/90 0.530

FKMCX Fidelity® Mid-Cap Stock Fund - Class K 4,13,18 4.43 4.43 7.64 16.52 14.32 10.23 12.02 3/29/94 0.75/30 0.680

FSSMX Fidelity® Stock Selector Mid Cap Fund 8,13,18 4.66 4.66 11.79 16.21 14.26 7.87 11.27 2/20/96 n/a 0.810

DOMESTIC EQUITIES - SMALL GROWTHFCPGX Fidelity® Small Cap Growth Fund 13,19 8.75 8.75 12.18 17.99 15.99 10.20 11.41 11/03/04 1.5/90 0.910

INTERNATIONAL/GLOBALFGBFX Fidelity® Global Bond Fund 1,13,20 -1.47 -1.47 -3.49 -- n/a n/a -0.59 5/22/12 n/a 1.090

FINUX Fidelity® International Bond Fund 1,13,20 -3.70 -3.70 -9.37 -- n/a n/a -2.28 5/22/12 n/a 1.060

INTERNATIONAL/GLOBAL - DIVERSIFIEDFDIKX Fidelity® Diversified International Fund - Class K

4,13,206.40 6.40 3.95 11.14 7.83 5.88 8.86 12/27/91 1/30 0.780

FGILX Fidelity® Global Equity Income Fund 13,20 2.84 2.84 6.36 -- n/a n/a 13.02 5/02/12 1/30 1.160

FIVFX Fidelity® International Capital Appreciation Fund13,20

4.10 4.10 6.87 11.86 9.72 5.91 6.50 11/01/94 1/30 1.140

FIDKX Fidelity® International Discovery Fund - Class K4,13,20

6.02 6.02 1.55 10.95 7.48 6.35 8.00 12/31/86 1/30 0.780

FIENX Fidelity® International Enhanced Index Fund 13,20 5.99 5.99 0.66 10.31 7.16 n/a 0.46 12/20/07 1/30 0.620

FIGFX Fidelity® International Growth Fund 1,13,20 6.48 6.48 4.36 10.11 9.52 n/a 2.85 11/01/07 1/30 1.040

FISMX Fidelity® International Small Cap Fund 13,20 5.45 5.45 -0.24 11.60 10.39 7.66 14.48 9/18/02 2/90 1.220

FSCOX Fidelity® International Small Cap OpportunitiesFund 13,20

6.80 6.80 0.74 12.87 11.97 -- 6.23 8/02/05 2/90 1.300

FIVLX Fidelity® International Value Fund 1,13,20 4.97 4.97 -2.22 9.44 4.63 n/a 1.19 5/18/06 1/30 0.960

FOSKX Fidelity® Overseas Fund - Class K 4,13,20 7.20 7.20 2.66 12.49 8.33 5.70 10.25 12/04/84 1/30 0.880

FTIEX Fidelity® Total International Equity Fund 1,13,20 5.36 5.36 1.53 8.50 6.35 n/a -0.42 11/01/07 1/30 1.040

FWWFX Fidelity® Worldwide Fund 13,20 5.20 5.20 5.37 13.61 11.82 8.34 8.03 5/30/90 1/30 0.960

For important disclosures, please see last page(s) of this report.

5

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AS OF MARCH 31, 2015

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

INTERNATIONAL/GLOBAL - DIVERSIFIED (continued)FSGDX Spartan® Global ex U.S. Index Fund - Fidelity

Advantage Class 1,13,203.82 3.82 -1.15 6.17 n/a n/a 7.03 9/08/11 1/90 0.280

FSIVX Spartan® International Index Fund - FidelityAdvantage Class 1,6,13,20

5.32 5.32 -1.04 9.01 6.25 5.07 5.06 11/05/97 1/90 0.170

FMJDX Strategic Advisers® International Multi-ManagerFund 13,20

5.61 5.61 1.28 -- n/a n/a 10.61 5/02/12 1/30 1.210

INTERNATIONAL/GLOBAL - REGIONALFICDX Fidelity® Canada Fund 13,20 -5.63 -5.63 -3.11 3.35 3.17 6.58 9.63 11/17/87 1.5/90 0.980

FHKCX Fidelity® China Region Fund 13,20 6.43 6.43 15.06 14.83 9.48 12.09 9.88 11/01/95 1.5/90 1.010

FSEAX Fidelity® Emerging Asia Fund 9,13,20 5.21 5.21 13.75 8.07 7.52 10.39 7.64 4/19/93 1.5/90 1.040

FIEUX Fidelity® Europe Fund 1,13,20 5.22 5.22 -4.05 10.91 7.22 5.72 8.93 10/01/86 1/30 0.970

FJPNX Fidelity® Japan Fund 1,13,20 9.51 9.51 6.45 6.89 3.84 2.46 3.66 9/15/92 1.5/90 0.900

FJSCX Fidelity® Japan Smaller Companies Fund 13,20 8.61 8.61 8.71 16.85 11.03 2.85 5.01 11/01/95 1.5/90 1.000

FLATX Fidelity® Latin America Fund 13,20 -9.29 -9.29 -22.58 -16.71 -8.45 5.77 7.04 4/19/93 1.5/90 1.080

FNORX Fidelity® Nordic Fund 13,20 4.77 4.77 -3.21 15.58 11.45 8.84 10.99 11/01/95 1.5/90 0.990

FPBFX Fidelity® Pacific Basin Fund 13,20 8.06 8.06 9.60 13.48 10.90 9.57 7.08 10/01/86 1.5/90 1.180

INTERNATIONAL/GLOBAL - EMERGING MARKETSFEMEX Fidelity® Emerging Europe, Middle East, Africa

(EMEA) Fund 13,201.63 1.63 -9.13 -0.95 1.96 n/a -1.29 5/08/08 1.5/90 1.370

FEDDX Fidelity® Emerging Markets Discovery Fund 13,20 1.72 1.72 0.17 3.72 n/a n/a 6.76 11/01/11 2/90 1.480

FKEMX Fidelity® Emerging Markets Fund - Class K 4,13,20 2.84 2.84 4.48 3.63 2.81 8.22 5.12 11/01/90 1.5/90 0.860

FTEMX Fidelity® Total Emerging Markets Fund 1,13,20 1.86 1.86 0.16 2.51 n/a n/a 4.34 11/01/11 1.5/90 1.730

FPMAX Spartan® Emerging Markets Index Fund - FidelityAdvantage Class 1,13,20

2.02 2.02 2.95 0.44 n/a n/a 0.64 9/08/11 1.5/90 0.350

FLILX Strategic Advisers® Emerging Markets Fund ofFunds 1,13,20

0.92 0.92 -0.49 -- n/a n/a 0.95 5/02/12 1.5/90 2.380

INTERNATIONAL/GLOBAL - SPECIALTYFIREX Fidelity® International Real Estate Fund

1,13,20,21,225.73 5.73 8.47 15.05 9.90 5.32 6.33 9/08/04 1.5/90 1.140

SPECIALTYFFGCX Fidelity® Global Commodity Stock Fund 13,21 -3.37 -3.37 -14.22 -5.89 -3.06 n/a 4.29 3/25/09 1/30 1.110

FRIFX Fidelity® Real Estate Income Fund 13,21,22 2.59 2.59 9.56 10.21 10.82 7.17 8.18 2/04/03 0.75/90 0.830

FRESX Fidelity® Real Estate Investment Portfolio 13,21,22 4.46 4.46 24.19 13.37 15.52 9.10 10.79 11/17/86 0.75/90 0.800

FSAIX Fidelity® Select Air Transportation Portfolio 13,21 -1.81 -1.81 21.54 26.07 18.41 12.98 11.46 12/16/85 0.75/30 0.870

FSAVX Fidelity® Select Automotive Portfolio 13,21 6.14 6.14 8.96 17.83 15.16 8.38 9.37 6/30/86 0.75/30 0.840

FSRBX Fidelity® Select Banking Portfolio 13,21 -2.05 -2.05 1.31 14.70 9.65 1.70 9.88 6/30/86 n/a 0.810

FBIOX Fidelity® Select Biotechnology Portfolio 13,21 16.02 16.02 46.13 43.52 33.30 20.24 15.14 12/16/85 0.75/30 0.760

FSLBX Fidelity® Select Brokerage and InvestmentManagement Portfolio 13,21

-1.31 -1.31 6.33 17.61 9.16 8.02 11.32 7/29/85 0.75/30 1.420

For important disclosures, please see last page(s) of this report.

6

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AS OF MARCH 31, 2015

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

SPECIALTY (continued)FSCHX Fidelity® Select Chemicals Portfolio 13,21 0.41 0.41 2.31 14.48 16.93 12.38 14.18 7/29/85 0.75/30 0.810

FSDCX Fidelity® Select Communications EquipmentPortfolio 10,13,21

-0.57 -0.57 8.34 10.48 8.88 7.27 10.35 6/29/90 0.75/30 0.920

FDCPX Fidelity® Select Computers Portfolio 13,21 -4.44 -4.44 5.49 9.44 13.78 10.23 11.95 7/29/85 0.75/30 0.820

FSHOX Fidelity® Select Construction and HousingPortfolio 13,21

8.58 8.58 21.85 21.09 19.13 9.27 12.10 9/29/86 0.75/30 0.810

FSCPX Fidelity® Select Consumer Discretionary Portfolio10,13,21

4.22 4.22 15.14 18.53 17.90 9.57 10.43 6/29/90 0.75/30 0.820

FSVLX Fidelity® Select Consumer Finance Portfolio11,13,21

1.13 1.13 8.34 16.72 12.18 -4.56 9.01 12/16/85 0.75/30 0.850

FDFAX Fidelity® Select Consumer Staples Portfolio10,13,21

1.68 1.68 15.93 14.84 14.38 11.48 13.45 7/29/85 0.75/30 0.790

FSDAX Fidelity® Select Defense and Aerospace Portfolio13,21

9.86 9.86 13.61 19.85 17.08 11.48 11.87 5/08/84 0.75/30 0.810

FSELX Fidelity® Select Electronics Portfolio 13,21 3.36 3.36 27.76 18.59 16.37 9.61 11.44 7/29/85 0.75/30 0.820

FSENX Fidelity® Select Energy Portfolio 13,21 1.16 1.16 -13.80 2.48 5.31 6.58 8.74 7/14/81 0.75/30 0.800

FSESX Fidelity® Select Energy Service Portfolio 13,21 -5.92 -5.92 -31.53 -3.81 0.71 3.47 7.78 12/16/85 0.75/30 0.800

FSLEX Fidelity® Select Environment and AlternativeEnergy Portfolio 12,13,21

1.96 1.96 1.03 13.67 9.70 6.50 4.14 6/29/89 0.75/30 0.970

FIDSX Fidelity® Select Financial Services Portfolio 13,21 -0.06 -0.06 9.51 15.37 7.43 1.57 11.52 12/10/81 0.75/30 0.860

FSAGX Fidelity® Select Gold Portfolio 13,21 -1.09 -1.09 -20.91 -26.39 -14.84 0.75 4.28 12/16/85 0.75/30 0.940

FSPHX Fidelity® Select Health Care Portfolio 13,21 11.77 11.77 35.12 36.11 26.96 16.04 16.88 7/14/81 0.75/30 0.770

FSCGX Fidelity® Select Industrial Equipment Portfolio13,21

2.34 2.34 2.53 11.56 12.67 8.93 9.84 9/29/86 0.75/30 0.790

FCYIX Fidelity® Select Industrials Portfolio 10,13,21 1.67 1.67 7.51 16.07 15.18 10.91 10.51 3/03/97 0.75/30 0.810

FSPCX Fidelity® Select Insurance Portfolio 13,21 -0.61 -0.61 11.31 19.52 13.49 5.63 11.23 12/16/85 0.75/30 0.830

FBSOX Fidelity® Select IT Services Portfolio 10,13,21 5.82 5.82 15.74 20.31 19.63 14.32 12.28 2/04/98 0.75/30 0.840

FDLSX Fidelity® Select Leisure Portfolio 13,21 5.30 5.30 12.85 15.83 17.99 11.97 14.32 5/08/84 0.75/30 0.820

FSDPX Fidelity® Select Materials Portfolio 10,13,21 0.66 0.66 -2.26 9.35 10.55 10.98 10.28 9/29/86 0.75/30 0.820

FSHCX Fidelity® Select Medical Delivery Portfolio 13,21 9.99 9.99 29.21 20.44 18.89 11.52 12.57 6/30/86 0.75/30 0.820

FSMEX Fidelity® Select Medical Equipment and SystemsPortfolio 13,21

10.77 10.77 30.83 25.97 18.18 13.04 14.59 4/28/98 0.75/30 0.800

FBMPX Fidelity® Select Multimedia Portfolio 13,21 2.34 2.34 13.61 23.14 20.52 11.65 13.10 6/30/86 0.75/30 0.810

FSNGX Fidelity® Select Natural Gas Portfolio 13,21 -3.80 -3.80 -21.74 0.96 1.06 2.97 7.81 4/21/93 0.75/30 0.840

FNARX Fidelity® Select Natural Resources Portfolio 13,21 2.17 2.17 -13.93 0.72 3.93 7.30 8.82 3/03/97 0.75/30 0.840

FPHAX Fidelity® Select Pharmaceuticals Portfolio 13,21 10.71 10.71 26.48 27.58 22.55 15.66 9.73 6/18/01 0.75/30 0.820

FSRPX Fidelity® Select Retailing Portfolio 13,21 5.79 5.79 21.98 20.99 20.01 13.44 13.74 12/16/85 0.75/30 0.830

FSCSX Fidelity® Select Software and Computer ServicesPortfolio 13,21

1.07 1.07 8.22 17.45 18.59 14.45 15.57 7/29/85 0.75/30 0.790

FSPTX Fidelity® Select Technology Portfolio 13,21 5.28 5.28 14.23 13.76 14.86 10.83 12.39 7/14/81 0.75/30 0.800

For important disclosures, please see last page(s) of this report.

7

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AS OF MARCH 31, 2015

Fund ID Name

3 Month YTD 1 Year 3 Year 5 Year

10 Year

Life of Fund

FundInception

Short-Term Trading Fee (%/Days)

Expense Ratio

CumulativeTotal Returns %

Average AnnualTotal Returns %

SPECIALTY (continued)FSTCX Fidelity® Select Telecommunications Portfolio

13,212.58 2.58 6.07 12.93 11.71 8.01 10.40 7/29/85 0.75/30 0.850

FSRFX Fidelity® Select Transportation Portfolio 13,21 -5.25 -5.25 19.69 24.36 18.33 12.15 13.27 9/29/86 0.75/30 0.850

FSUTX Fidelity® Select Utilities Portfolio 10,13,21 -2.83 -2.83 7.22 15.19 14.33 9.01 11.38 12/10/81 0.75/30 0.820

FWRLX Fidelity® Select Wireless Portfolio 13,21 1.76 1.76 4.69 13.02 11.87 9.07 2.11 9/21/00 0.75/30 0.880

FIUIX Fidelity® Telecom and Utilities Fund 13,21 0.29 0.29 7.15 14.45 14.37 8.58 9.26 11/27/87 n/a 0.810

FSRVX Spartan® Real Estate Index Fund - FidelityAdvantage Class 1,13,21,22

4.75 4.75 25.12 13.84 n/a n/a 15.88 9/08/11 0.75/90 0.190

n/a = Not Applicable/None- - = Not Available

For important disclosures, please see last page(s) of this report.

AS OF MARCH 31, 2015

MARKET INDICATORS

Name3

Month YTD 1 Year 3 Year 5 Year10

Year

CumulativeTotal Returns %

Average AnnualTotal Returns %

For comparison purposes only. It is not possible to invest directly in these indicators.

Barclays Int Govt/Cr Bond 1.45 1.45 3.58 2.31 3.52 4.34

Barclays U.S. Agg Bond 1.61 1.61 5.72 3.10 4.41 4.93

DJ Industrial Average 0.33 0.33 10.57 13.18 13.23 8.17

MSCI EAFE (Net MA) 4.92 4.92 -0.78 9.17 6.30 5.11

S&P 500 0.95 0.95 12.73 16.11 14.47 8.01

Russell 2000 4.32 4.32 8.21 16.27 14.57 8.82

n/a = Not Applicable/None- - = Not Available

AS OF MARCH 31, 2015

Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of theperiod indicated. Life of fund figures are reported as of the inception date to the period indicated. These figures do not include the effects of sales charges, if any,as these charges are waived for contributions made through your company’s employee benefit plan. If sales charges were included, returns would have been lower.

AS OF MARCH 31, 2015

EXPENSE RATIO

A mutual fund expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent ofthe fund’s total net assets. For other types of investments, the figure in the expense ratio field reflects similar information, but may have been calculated differentlythan for mutual funds. Mutual fund data comes from the fund’s prospectus. For non-mutual fund investment options, the information has been provided by theplan sponsor, the investment option’s manager or the trustee. When no ratio is shown for these options it is because none was available. There may be fees andexpenses associated with the investment option. Expense information changes periodically. Please consult NetBenefits for updates.

AS OF MARCH 31, 2015

SPECIFIC FUNDS

Morningstar, Inc., provided data on the non-Fidelity mutual funds. Although the data is gathered from reliable sources, accuracy and completeness cannot beguaranteed by Morningstar.

1 Fidelity is voluntarily reimbursing a portion of the fund's expenses. If Fidelity had not, the returns would have been lower.

8

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AS OF MARCH 31, 2015

2 On May 4, 2011, an initial offering of the Fidelity Advantage Share Class took place. Returns prior to that date are those of the Investor Class and reflect theInvestors Class' expense ratio. Had the Fidelity Advantage Class' expense ratio been reflected, total returns would have been higher.

3 Initial offering of the Fidelity® Floating Rate High Income Fund took place on September 19, 2002. Returns and expenses prior to that date are those of theFidelity Advisor® Floating Rate High Income Fund - Institutional Class. Had Fidelity® Floating Rate High Income Fund expenses been reflected in the returnsshown, total returns would have been higher.

4 On May 9, 2008, an initial offering of the retirement (K) class took place. Returns and expenses prior to that date are those of the non-K, non-advisor class. Had Kclass expenses been reflected in the returns shown, total returns would have been higher.

5 Prior to June 1, 2011, the fund operated under certain different investment policies and compared its performance to a different benchmark. The fund's historicalperformance may not represent its current investment policies.

6 On October 14, 2005, an initial offering of the Fidelity Advantage Share Class took place. Returns prior to that date are those of the Investor Class and reflect theInvestors Class' expense ratio. Had the Fidelity Advantage Class' expense ratio been reflected, total returns would have been higher.

7 Prior to February 1, 2007, Trend Fund operated under certain different investment policies and compared its performance to a different index. The fund'shistorical performance may not represent its current investment policies.

8 Initial offering of the Fidelity Stock Selector Mid Cap Retail Class took place on June 6, 2012. Returns prior to that date are those of the Fidelity Advisor StockSelector Mid Cap - Class I and reflect the Class I's expense ratio. Had the Fidelity Stock Selector Mid Cap Retail Class expense ratio been reflected, total returnswould have been lower.

9 Prior to December 1, 2010, Fidelity Emerging Asia Fund operated under certain different investment policies and compared its performance to a differentbenchmark. The fund's historical performance may not represent its current investment policies.

10 Prior to October 1, 2006, Fidelity Select IT Services, Select Consumer Discretionary, Select Industrials, Select Communications Equipment, Select ConsumerStaples, Select Materials, and Select Utilities Growth Portfolios operated under different investment policies, and compared their performance to differentbenchmarks. The fund's historical performance might not represent its current investment policies.

11 Prior to December 1, 2010, Select Consumer Finance Portfolio operated under certain different investment policies and compared its performance to a differentadditional benchmark. The fund's historical performance may not represent its current investment policies.

12 Prior to July 1, 2010, the fund was named Fidelity Select Environmental Portfolio, operated under certain different investment policies, and compared itsperformance to a different benchmark. The fund's historical performance may not represent its current investment policies.

AS OF MARCH 31, 2015

INVESTMENT RISK

13 Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market oreconomic developments.

14 Fidelity Freedom Funds are designed for investors expecting to retire around the year indicated in each fund's name. Except for the Freedom Income Fund, thefunds' asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected to merge with theFreedom Income Fund. The investment risks of each Fidelity Freedom Fund change over time as its asset allocation changes. They are subject to the volatility ofthe financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield,small cap and, commodity-related, foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.

15 An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek topreserve the value of your investment at $1 per share, it is possible to lose money by investing in these funds.

16 In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bond prices usually fall and vice versa). This effect is usuallypronounced for longer-term securities. Bonds also entail the risk of issuer default, issuer credit risk and inflation risk.

17 Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

18 Investments in mid-sized companies may involve greater risk than those of larger, more well known companies, but may be less volatile than investments insmaller companies.

19 Investments in smaller companies may involve greater risk than those in larger, more well known companies.

20 Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. This risk includespolitical and economic uncertainties of foreign countries, as well as the risk of currency fluctuation.

21 Because of their narrow focus, sector funds may be more volatile than funds that diversify across many sectors.

22 Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.

AS OF MARCH 31, 2015

9

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AS OF MARCH 31, 2015

MARKET INDICATORS

Indices are unmanaged and you cannot invest directly in an index

Barclays Int Govt/Cr Bond Barclays U.S. Intermediate Government/Credit Bond Index is a market value-weighted index of investment-grade fixed-rate debtsecurities with maturities from one up to (but not including) ten years from the U.S. Treasury, U.S. Government-Related, and U.S. Corporate Indices.

Barclays U.S. Agg Bond The Barclays U.S. Aggregate Bond Index is an unmanaged market value-weighted index for U.S. dollar denominated investment-gradefixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.

DJ Industrial Average The Dow Jones Industrial Average (DJIA) is an unmanaged price-weighted index and is the most widely used indicator of how thecountry's industrial leaders are performing. Also known as "the Dow," this is a formula based on the stock prices of 30 major companies chosen from sectors of theeconomy most representative of our country's economic condition.

MSCI EAFE (Net MA) The MSCI Europe, Australasia and Far East Index (net MA tax) is an unmanaged market capitalization-weighted index of equity securities ofcompanies domiciled in various countries. The index is designed to represent performance of developed stock markets outside the United States and Canada andexcludes certain market segments unavailable to U.S. based investors. The index returns for periods after 1/1/1997 are adjusted for tax withholding ratesapplicable to U.S.-based mutual funds organized as Massachusetts business trusts.

S&P 500 S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation torepresent U.S. equity performance.

Russell 2000 The Russell 2000® Index is an unmanaged market capitalization-weighted index of 2,000 small company stocks of U.S. domiciled companies.

AS OF MARCH 31, 2015

Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelityfor a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity Brokerage Services LLC, Member NYSE, SIPC900 Salem Street, Smithfield, RI 02917© 2015 FMR LLC, All rights reserved.673318.6.0 10