All returns are quarter end. Returns data as of 06/30/2024.

Total return (also referred to as NAV return for mutual fund(s)) is determined each month by taking the change in monthly net asset value, reinvesting all income and capital-gains distributions during that month, and dividing by the starting NAV. If not otherwise specified, all returns throughout this presentation refers to total return.

For individual stocks, total return is the equivalent of market return since NAV does not apply. Market Return does not reinvest dividends. Dividends are treated as a cash payout as of the end of the period. The calculation is point to point using adjusted price at the beginning of the period and the adjusted price at the end of the period incorporating any dividends paid. Therefore, it doesn’t compound returns/the impact of dividends reinvested over that period.

For ETFs, Market Return represents the price at which an investor can buy and sell a security in the secondary market. Since ETFs are bought and sold at prices set by the market-which can result in a premium or discount to NAV-the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than the performance quoted. Visit institutional.fidelity.com for most recent month-end performance of Fidelity Funds. For the month-end performance of non-Fidelity Funds and stocks, please visit www.morningstar.com/cover/funds.aspx or contact the funds' distributors or visit their website. This portfolio is rebalanced monthly. "Life of Security" returns are since the fund(s) inception date.

Gross Expense Ratio is the total annual class operating expense ratio from the most recent prospectus and generally is based on amounts incurred during the most recent fiscal year.

All returns are quarter end. Returns data as of 06/30/2024.

Total return (also referred to as NAV return for mutual fund(s)) is determined each month by taking the change in monthly net asset value, reinvesting all income and capital-gains distributions during that month, and dividing by the starting NAV. If not otherwise specified, all returns throughout this presentation refers to total return.

For individual stocks, total return is the equivalent of market return since NAV does not apply. Market Return does not reinvest dividends. Dividends are treated as a cash payout as of the end of the period. The calculation is point to point using adjusted price at the beginning of the period and the adjusted price at the end of the period incorporating any dividends paid. Therefore, it doesn’t compound returns/the impact of dividends reinvested over that period.

For ETFs, Market Return represents the price at which an investor can buy and sell a security in the secondary market. Since ETFs are bought and sold at prices set by the market-which can result in a premium or discount to NAV-the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Public Offering Price (POP) Return includes the effect of the fund's or class's maximum sales charge.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than the performance quoted. Visit institutional.fidelity.com for most recent month-end performance of Fidelity Funds. For the month-end performance of non-Fidelity Funds and stocks, please visit www.morningstar.com/cover/funds.aspx or contact the funds' distributors or visit their website. This portfolio is rebalanced monthly. "Life of Security" returns are since the fund(s) inception date.

Gross Expense Ratio is the total annual class operating expense ratio from the most recent prospectus and generally is based on amounts incurred during the most recent fiscal year.

* Morningstar Percentile Ranking. The first number in the column is the fund's rank in it's given category; the second number is the total number of funds within the category for the given time period.

Morningstar Percentile Rank in Category is the fund's total-return percentile rank relative to all funds in the same Morningstar Category. The highest (or most favorable) percentile rank is one and the lowest (or least favorable) percentile rank is 100. % Rank in Category is based on total returns, which include reinvested dividends and capital gains, if any, and exclude sales charges. Morningstar Percentile Rank is calculated using Morningstar's total return database. The calculation of total return is determined each month by taking the change in monthly net asset value, reinvesting all income and capital gains distributions during that month, and dividing by the starting NAV. Reinvestments are made using the actual reinvestment NAV, and daily payoffs are reinvested monthly. Multiple share classes of a fund have a common portfolio but impose different expense structures.