FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE …

[Pages:10]FIDELITY INVESTMENTS (R) MUTUAL FUNDS PERFORMANCE REPORT

PERFORMANCE UPDATE

AS OF DECEMBER 31, 2018

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 (log in, choose plan, select "Investment Choices & Research," and then pick investment option).

Cumulative Total Returns %

Average Annual Total Returns %

Fund ID Name

TARGET DATE

FFFVX Fidelity Freedom? 2005 Fund 40,41 FFFCX Fidelity Freedom? 2010 Fund 40,41 FFVFX Fidelity Freedom? 2015 Fund 40,41 FFFDX Fidelity Freedom? 2020 Fund 40,41 FFTWX Fidelity Freedom? 2025 Fund 40,41 FFFEX Fidelity Freedom? 2030 Fund 40,41 FFTHX Fidelity Freedom? 2035 Fund 40,41 FFFFX Fidelity Freedom? 2040 Fund 40,41 FFFGX Fidelity Freedom? 2045 Fund 40,41 FFFHX Fidelity Freedom? 2050 Fund 40,41 FDEEX Fidelity Freedom? 2055 Fund 40,41 FDKVX Fidelity Freedom? 2060 Fund 40,41 FFFAX Fidelity Freedom? Income Fund 40,41

TARGET ALLOCATION

FASIX Fidelity Asset Manager? 20% 40 FTANX Fidelity Asset Manager? 30% 40 FFANX Fidelity Asset Manager? 40% 40 FASMX Fidelity Asset Manager? 50% 40 FSANX Fidelity Asset Manager? 60% 40 FASGX Fidelity Asset Manager? 70% 40 FAMRX Fidelity Asset Manager? 85% 40

MONEY MARKET - GOVERNMENT

FDRXX Fidelity? Government Cash Reserves 1,42 7-Day Yield % as of 12/31/2018: 2.08

SPAXX Fidelity? Government Money Market Fund 2,42 7-Day Yield % as of 12/31/2018: 2.02

Short-Term

Trading

3

10 Life of Fund

Fee (%/ Expense

Month YTD 1 Year 3 Year 5 Year Year Fund Inception Days)

Ratio

-3.36 -2.59 -2.59 4.45 3.49 6.67 4.56 11/06/03

n/a

-4.70 -3.56 -3.56 4.90 3.83 7.48 6.15 10/17/96

n/a

-6.10 -4.42 -4.42 5.35 4.15 7.82 5.39 11/06/03

n/a

-7.18 -5.20 -5.20 5.55 4.32 8.42 6.38 10/17/96

n/a

-8.19 -5.87 -5.87 5.72 4.50 9.00 5.85 11/06/03

n/a

-9.89 -7.03 -7.03 6.40 4.91 9.40 6.47 10/17/96

n/a

-11.91 -8.42 -8.42 6.67 5.07 9.75 6.14 11/06/03

n/a

-12.62 -8.96 -8.96 6.52 4.99 9.79 3.51 9/06/00

n/a

-12.64 -8.91 -8.91 6.52 5.00 9.87 5.06 6/01/06

n/a

-12.61 -8.92 -8.92 6.56 5.01 9.91 4.91 6/01/06

n/a

-12.59 -8.94 -8.94 6.54 5.00 n/a 6.59 6/01/11

n/a

-12.62 -8.92 -8.92 6.50 n/a n/a 5.02 8/05/14

n/a

-2.09 -1.88 -1.88 3.75 2.93 5.06 4.58 10/17/96

n/a

0.490 0.530 0.570 0.610 0.660 0.700 0.740 0.750 0.750 0.750 0.750 0.750 0.470

-2.70 -1.64 -1.64 3.28 2.72 5.55 5.70 10/01/92

n/a

-4.49 -2.91 -2.91 3.88 3.22 6.72 3.78 10/09/07

n/a

-6.16 -4.06 -4.06 4.36 3.57 7.55 4.02 10/09/07

n/a

-7.95 -5.37 -5.37 4.73 3.82 8.50 7.69 12/28/88

n/a

-9.63 -6.61 -6.61 5.09 4.07 9.09 4.34 10/09/07

n/a

-11.34 -7.66 -7.66 5.48 4.27 9.83 7.37 12/30/91

n/a

-13.77 -9.22 -9.22 6.02 4.64 10.70 5.43 9/24/99

n/a

0.530 0.540 0.550 0.650 0.720 0.710 0.730

0.48 1.52 1.52 0.72 0.44 0.29 4.71 5/10/79

n/a

0.47 1.47 1.47 0.67 0.41 0.24 2.78 2/05/90

n/a

0.370 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

Cumulative Total Returns %

Average Annual Total Returns %

AS OF DECEMBER 31, 2018

Fund ID Name

Short-Term

Trading

3

10 Life of Fund

Fee (%/ Expense

Month YTD 1 Year 3 Year 5 Year Year Fund Inception Days)

Ratio

MONEY MARKET - GOVERNMENT (continued)

FZCXX

Fidelity? Government Money Market Fund Premium Class 2,3,42

7-Day Yield % as of 12/31/2018: 2.12

0.49 1.58 1.58 0.77 0.46 0.27 2.79 2/05/90

n/a

0.360

FZFXX Fidelity? Treasury Money Market Fund 2,4,42 7-Day Yield % as of 12/31/2018: 2.01

0.47 1.48 1.48 0.66 0.40 0.21 3.44 8/31/83

n/a

0.420

FDLXX Fidelity? Treasury Only Money Market Fund 42 7-Day Yield % as of 12/31/2018: 1.99

0.47 1.47 1.47 0.65 0.39 0.21 2.93 1/05/88

n/a

0.420

BOND

FGBFX Fidelity? Global Credit Fund 2,43

-1.11 -2.82 -2.82 2.80 0.70 n/a 0.45 5/22/12

n/a

1.300

FNMIX Fidelity? New Markets Income Fund 43

-2.83 -7.78 -7.78 5.22 4.03 9.01 9.93 5/04/93

n/a

0.820

BOND - GOVERNMENT

FGMNX Fidelity? GNMA Fund 43

1.70 0.61 0.61 1.32 2.27 3.36 5.99 11/08/85

n/a

0.450

FGOVX Fidelity? Government Income Fund 43

2.30 0.61 0.61 1.29 1.94 2.38 6.84 4/04/79

n/a

0.450

FSTGX Fidelity? Intermediate Government Income Fund 2.08 1.18 1.18 1.01 1.29 1.83 4.95 5/02/88

n/a

43

0.450

FUAMX Fidelity? Intermediate Treasury Bond Index Fund 3.49 1.24 1.24 1.50 2.50 2.66 4.27 12/20/05

n/a

5,6,43

0.030

FFXSX Fidelity? Limited Term Government Fund 43

1.62 1.15 1.15 0.77 0.82 1.28 4.64 11/10/86

n/a

0.450

FNBGX Fidelity? Long-Term Treasury Bond Index Fund 5,7,43

4.39 -1.63 -1.63 2.60 5.93 3.97 5.75 12/20/05

n/a

0.030

FUMBX Fidelity? Short-Term Treasury Bond Index Fund

1.77 1.47 1.47 1.00 0.99 1.23 2.49 12/20/05

n/a

5,8,43

0.030

BOND - DIVERSIFIED

FCONX Fidelity? Conservative Income Bond Fund 2,43 FCBFX Fidelity? Corporate Bond Fund 43 FTHRX Fidelity? Intermediate Bond Fund 43 FBNDX Fidelity? Investment Grade Bond Fund 43 FJRLX Fidelity? Limited Term Bond Fund 9,10,43 FMSFX Fidelity? Mortgage Securities Fund 43 FSHBX Fidelity? Short-Term Bond Fund 43 FNSOX Fidelity? Short-Term Bond Index Fund 11,43 FADMX Fidelity? Strategic Income Fund 43 FNDSX Fidelity? Sustainability Bond Index Fund 12,43 FTBFX Fidelity? Total Bond Fund 43 FXNAX Fidelity? U.S. Bond Index Fund 13,14,43

BOND - INFLATION-PROTECTED

FIPDX Fidelity? Inflation-Protected Bond Index Fund 15,43

0.21 1.71 1.71 1.32 0.90 n/a 0.83 3/03/11

n/a

-0.73 -2.58 -2.58 3.48 3.37 n/a 4.77 5/04/10

n/a

1.21 0.51 0.51 1.85 1.91 4.36 6.99 5/23/75

n/a

1.09 -0.36 -0.36 2.93 2.58 4.88 6.73 8/06/71

n/a

0.64 0.71 0.71 1.70 1.57 4.31 6.19 2/02/84

n/a

1.98 0.78 0.78 1.66 2.54 3.80 6.19 12/31/84

n/a

0.76 1.19 1.19 1.27 1.08 2.11 4.20 9/15/86

n/a

1.43 1.14 1.14 n/a n/a n/a 0.73 10/18/17

n/a

-2.59 -2.71 -2.71 4.58 3.13 7.00 7.20 10/31/94

n/a

1.69 - -

n/a

n/a n/a n/a 1.89 6/19/18

n/a

0.35 -0.67 -0.67 3.08 2.86 5.43 4.61 10/15/02

n/a

1.71 0.03 0.03 2.00 2.51 3.48 5.81 3/08/90

n/a

-0.48 -1.37 -1.37 2.13 1.66 n/a 0.38 5/16/12

n/a

0.400 0.450 0.450 0.450 0.450 0.450 0.450 0.030 0.680 0.100 0.450 0.025

0.050

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

Cumulative Total Returns %

Average Annual Total Returns %

AS OF DECEMBER 31, 2018

Fund ID Name

BOND - HIGH YIELD

FAGIX Fidelity? Capital & Income Fund 43,44 FFRHX Fidelity? Floating Rate High Income Fund 16,43,44 FHIFX Fidelity? Focused High Income Fund 43,44 FGHNX Fidelity? Global High Income Fund 2,43,44 SPHIX Fidelity? High Income Fund 43,44 FSAHX Fidelity? Short Duration High Income Fund 43,44

BALANCED/HYBRID

FBALX Fidelity? Balanced Fund 40 FFNOX Fidelity? Four-in-One Index Fund 2,40 FPURX Fidelity? Puritan? Fund 40 FSDIX Fidelity? Strategic Dividend & Income? Fund 40 FSRRX Fidelity? Strategic Real Return Fund 40

BALANCED/HYBRID - CONVERTIBLES

FCVSX Fidelity? Convertible Securities Fund 40

DOMESTIC EQUITIES - LARGE VALUE

FBCVX Fidelity? Blue Chip Value Fund 40 FEQTX Fidelity? Equity Dividend Income Fund 40 FEQIX Fidelity? Equity-Income Fund 40 FLVEX Fidelity? Large Cap Value Enhanced Index Fund

40

FLCOX Fidelity? Large Cap Value Index Fund 17,40 FSLVX Fidelity? Stock Selector Large Cap Value Fund 40 FVDFX Fidelity? Value Discovery Fund 40 FSLSX Fidelity? Value Strategies Fund 40

DOMESTIC EQUITIES - MID VALUE

FLPSX Fidelity? Low-Priced Stock Fund 40,45 FMEIX Fidelity? Mid Cap Enhanced Index Fund 40,45 FSMVX Fidelity? Mid Cap Value Fund 40,45 FDVLX Fidelity? Value Fund 40,45

DOMESTIC EQUITIES - SMALL VALUE

FCPVX Fidelity? Small Cap Value Fund 40,46

DOMESTIC EQUITIES - LARGE BLEND

FXAIX Fidelity? 500 Index Fund 13,18,40 FDEQX Fidelity? Disciplined Equity Fund 40

3 Month YTD 1 Year 3 Year

-7.93 -5.77 -5.77 5.22 -3.36 0.07 0.07 4.55 -3.71 -2.93 -2.93 4.83 -4.37 -4.08 -4.08 5.88 -5.40 -2.44 -2.44 7.10 -3.44 -1.27 -1.27 4.65

-10.60 -4.02 -4.02 6.17 -11.60 -6.58 -6.58 6.47 -11.26 -4.16 -4.16 6.13 -7.97 -4.49 -4.49 6.49 -5.16 -4.01 -4.01 2.91

-7.96 -1.49 -1.49 4.61

-11.16 -8.65 -8.65 5.28 -12.35 -9.74 -9.74 6.07 -11.21 -8.41 -8.41 6.82 -11.68 -7.53 -7.53 7.62

-11.71 -8.26 -8.26 n/a -11.90 -9.18 -9.18 5.78 -11.25 -9.31 -9.31 5.45 -18.23 -17.43 -17.43 3.07

-13.54 -10.75 -10.75 5.42 -14.98 -11.72 -11.72 5.86 -16.08 -18.84 -18.84 2.19 -18.99 -17.34 -17.34 3.53

-16.97 -15.04 -15.04 4.97

-13.53 -4.40 -4.40 9.25 -15.93 -10.06 -10.06 5.11

5 Year

4.14 2.55 2.97 3.34 3.36 2.11

5.81 5.21 6.14 6.23 0.40

2.54

5.30 5.35 5.02 6.61

n/a 5.26 5.47 2.57

4.63 5.53 3.51 2.99

3.95

8.48 5.43

10 Year

11.96 5.93 8.02 n/a 9.92 n/a

10.33 9.98 10.37 11.88 4.86

11.68

9.97 10.25 10.52 11.22

n/a 9.61 11.53 13.13

12.85 13.45 12.33 12.27

12.64

13.11 10.19

Life of Fund

Fund Inception

Short-Term Trading Fee (%/ Days)

Expense Ratio

9.49 11/01/77

n/a

3.97 8/16/00

n/a

5.16 9/08/04

n/a

4.38 5/11/11

n/a

8.31 8/29/90

n/a

2.12 11/05/13

n/a

0.670 0.690 0.800 1.020 0.700 0.860

8.90 11/06/86

n/a

4.93 6/29/99

n/a

10.76 4/16/47

n/a

6.84 12/23/03

n/a

2.32 9/07/05

n/a

0.530 0.130 0.540 0.760 0.830

9.89 1/05/87

n/a

0.450

5.85 6/17/03

n/a

9.53 8/21/90

n/a

11.01 5/16/66

n/a

5.03 4/19/07

n/a

5.56 6/07/16

n/a

5.68 11/15/01

n/a

8.65 12/10/02

n/a

10.74 12/31/83

n/a

0.700 0.710 0.630 0.390

0.035 0.730 0.690 0.620

12.94 12/27/89

n/a

7.29 12/20/07

n/a

8.09 11/15/01

n/a

11.44 12/01/78

n/a

0.620 0.590 0.690 0.590

9.29 11/03/04

n/a

0.910

9.88 2/17/88

n/a

9.56 12/28/88

n/a

0.015 0.530

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

3

Cumulative Total Returns %

Average Annual Total Returns %

AS OF DECEMBER 31, 2018

Fund ID Name

3 Month YTD 1 Year 3 Year

DOMESTIC EQUITIES - LARGE BLEND (continued)

FDGFX Fidelity? Dividend Growth Fund 40

-11.64 -7.23 -7.23 6.39

FEXPX Fidelity? Export and Multinational Fund 40

-11.57 -7.27 -7.27 7.24

FGRIX Fidelity? Growth & Income Portfolio 40

-15.05 -8.91 -8.91 7.31

FLCEX Fidelity? Large Cap Core Enhanced Index Fund 40 -12.97 -3.35 -3.35 9.24

FLCSX Fidelity? Large Cap Stock Fund 40

-16.29 -9.15 -9.15 7.80

FGRTX Fidelity? Mega Cap Stock Fund 40

-14.09 -7.23 -7.23 7.48

FMILX Fidelity? New Millennium Fund 40

-14.81 -7.01 -7.01 8.66

FSKAX Fidelity? Total Market Index Fund 19,20,40

-14.35 -5.28 -5.28 8.95

FITLX Fidelity? U.S. Sustainability Index Fund 21,40

-11.70 -3.28 -3.28 n/a

DOMESTIC EQUITIES - MID BLEND

FSMAX Fidelity? Extended Market Index Fund 19,22,40,45 -18.17 -9.36 -9.36 7.55

FLVCX Fidelity? Leveraged Company Stock Fund 40,45

-18.99 -16.42 -16.42 2.75

FSMDX Fidelity? Mid Cap Index Fund 23,40,45

-15.32 -9.05 -9.05 7.05

FSSMX Fidelity? Stock Selector Mid Cap Fund 24,40,45

-16.86 -8.58 -8.58 6.71

DOMESTIC EQUITIES - SMALL BLEND

FARNX Fidelity? Event Driven Opportunities Fund 40,46

-21.33 -19.16 -19.16 4.78

FSCRX Fidelity? Small Cap Discovery Fund 40,46

-15.61 -13.75 -13.75 3.84

FCPEX Fidelity? Small Cap Enhanced Index Fund 40,46

-20.08 -13.04 -13.04 4.63

FSSNX Fidelity? Small Cap Index Fund 25,40,46

-20.17 -10.88 -10.88 7.58

FSLCX Fidelity? Small Cap Stock Fund 40,46

-18.31 -11.56 -11.56 4.37

FDSCX Fidelity? Stock Selector Small Cap Fund 40,46

DOMESTIC EQUITIES - LARGE GROWTH

FBGRX Fidelity? Blue Chip Growth Fund 40

-18.40 -8.50 -8.50 5.65 -16.00 1.07 1.07 11.79

FDCAX Fidelity? Capital Appreciation Fund 40

-16.54 -4.92 -4.92 6.74

FCNTX Fidelity? Contrafund? 40

-16.24 -2.13 -2.13 10.18

FTQGX Fidelity? Focused Stock Fund 40

-14.59 5.32 5.32 12.58

FFIDX Fidelity? Fund 40

-15.05 -5.24 -5.24 7.14

FDGRX Fidelity? Growth Company Fund 40

-20.85 -4.53 -4.53 11.45

FDSVX Fidelity? Growth Discovery Fund 26,40

-15.45 -0.27 -0.27 10.59

FDFFX Fidelity? Independence Fund 40

-17.20 -6.63 -6.63 5.25

FLGEX Fidelity? Large Cap Growth Enhanced Index Fund -15.51 -3.77 -3.77 9.80 40

FSPGX Fidelity? Large Cap Growth Index Fund 27,40

-15.97 -1.64 -1.64 n/a

FMAGX Fidelity? Magellan? Fund 40

-16.72 -5.60 -5.60 7.92

5 Year

6.01 6.38 5.92 8.04 5.96 6.44 5.85 7.88 n/a

5.32 1.48 6.25 5.30

4.80 2.37 3.47 4.63 4.53 4.01

11.22 6.50 9.30 8.65 7.48 11.30 10.05 5.45 9.26

n/a 8.33

10 Year

13.35 11.40 11.71 12.64 14.66 12.59 13.68 13.21 n/a

13.60 12.77 n/a 13.48

n/a 14.46 11.71 n/a 11.94 12.39

16.80 13.61 13.89 14.30 11.83 16.91 15.06 12.83 14.39

n/a 12.82

Life of Fund

Fund Inception

Short-Term Trading Fee (%/ Days)

Expense Ratio

9.99 4/27/93

n/a

10.84 10/04/94

n/a

9.48 12/30/85

n/a

6.79 4/19/07

n/a

7.98 6/22/95

n/a

5.18 12/28/98

n/a

12.58 12/28/92

n/a

6.91 11/05/97

n/a

5.58 5/09/17

n/a

0.500 0.740 0.610 0.390 0.670 0.680 0.540 0.015 0.110

7.46 11/05/97

n/a

10.59 12/19/00

n/a

11.61 9/08/11

n/a

9.89 2/20/96

n/a

0.045 0.780 0.025 0.700

5.39 12/12/13

n/a

9.56 9/26/00

n/a

6.49 12/20/07

n/a

11.18 9/08/11

n/a

7.93 3/12/98

n/a

7.63 6/28/93

n/a

1.120 0.690 0.640 0.025 0.820 0.680

11.33 12/31/87

n/a

10.38 11/26/86

n/a

12.26 5/17/67

n/a

7.57 11/12/96

n/a

9.91 4/30/30

n/a

13.03 1/17/83

n/a

7.73 3/31/98

n/a

11.05 3/25/83

n/a

8.13 4/19/07

n/a

12.00 6/07/16

n/a

15.61 5/02/63

n/a

0.720 0.540 0.740 0.820 0.500 0.850 0.740 0.480 0.390

0.035 0.690

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

4

Cumulative Total Returns %

Average Annual Total Returns %

AS OF DECEMBER 31, 2018

Fund ID Name

3 Month YTD

DOMESTIC EQUITIES - LARGE GROWTH (continued)

FNCMX Fidelity? Nasdaq? Composite Index Fund 2,40

-17.28 -3.18

FOCPX Fidelity? OTC Portfolio 40

-19.90 -3.21

FDSSX Fidelity? Stock Selector All Cap Fund 40

-17.47 -8.61

1 Year

-3.18 -3.21 -8.61

3 Year

10.83 11.42 7.86

FTRNX Fidelity? Trend Fund 28,40

DOMESTIC EQUITIES - MID GROWTH

FDEGX Fidelity? Growth Strategies Fund 40,45 FMCSX Fidelity? Mid-Cap Stock Fund 40,45

DOMESTIC EQUITIES - SMALL GROWTH

FCPGX Fidelity? Small Cap Growth Fund 40,46

INTERNATIONAL/GLOBAL - DIVERSIFIED

FDIVX Fidelity? Diversified International Fund 40,47 FGILX Fidelity? Global Equity Income Fund 40,47

-17.48 -3.08 -3.08 9.47

-14.64 -6.96 -6.96 5.11 -14.00 -6.47 -6.47 8.46

-22.73 -4.58 -4.58 10.96

-14.15 -15.24 -15.24 1.10 -11.63 -10.87 -10.87 4.00

FSGGX Fidelity? Global ex U.S. Index Fund 29,40,47

-11.29 -13.91 -13.91 4.68

FIVFX Fidelity? International Capital Appreciation Fund -12.39 -12.84 -12.84 4.78 40,47

FIGRX Fidelity? International Discovery Fund 40,47

-14.80 -17.14 -17.14 0.94

FIENX Fidelity? International Enhanced Index Fund 40,47 -13.18 -14.72 -14.72 3.50

FIGFX Fidelity? International Growth Fund 40,47

-12.21 -11.51 -11.51 3.50

FSPSX FISMX

Fidelity? International Index Fund 19,30,40,47 Fidelity? International Small Cap Fund 40,47

-12.41 -13.52 -13.52 3.19 -12.65 -16.04 -16.04 6.47

FSCOX Fidelity? International Small Cap Opportunities Fund 40,47

-13.39 -14.10 -14.10 4.86

FNIDX Fidelity? International Sustainability Index Fund 31,40,47

-11.04 -13.99 -13.99 n/a

FIVLX FOSFX FTIEX

Fidelity? International Value Fund 40,47 Fidelity? Overseas Fund 40,47 Fidelity? Total International Equity Fund 40,47

-15.18 -17.14 -17.14 -14.79 -14.69 -14.69 -12.55 -15.18 -15.18

-0.80 2.96 3.20

FTIHX Fidelity? Total International Index Fund 32,40,47 FWWFX Fidelity? Worldwide Fund 40,47

INTERNATIONAL/GLOBAL - REGIONAL

FICDX Fidelity? Canada Fund 40,47 FHKCX Fidelity? China Region Fund 40,47

-11.71 -14.38 -14.38 n/a -15.29 -4.36 -4.36 7.18

-13.17 -14.29 -14.29 5.61 -11.25 -17.42 -17.42 5.94

FSEAX FIEUX FJPNX

Fidelity? Emerging Asia Fund 33,40,47 Fidelity? Europe Fund 40,47 Fidelity? Japan Fund 40,47

-6.56 -15.05 -15.05 9.20 -15.19 -17.09 -17.09 0.36 -16.56 -14.84 -14.84 4.40

5 Year

10.75 12.31 6.87 9.22

6.38 5.78

8.46

0.62 4.11 0.70 4.08

0.35 1.61 2.23 0.65 3.97 4.64

n/a

-1.83 2.63 1.05 n/a 5.07

-0.49 3.48 5.26 -0.42 2.51

10 Year

16.54 18.92 12.37 15.64

12.86 14.39

15.73

6.75 n/a n/a 11.36

6.62 6.56 9.03 6.17 11.64 12.18

n/a

4.80 7.31 7.37 n/a 10.87

5.64 10.74 8.80 6.33 5.48

Life of Fund

Fund Inception

Short-Term Trading Fee (%/ Days)

Expense Ratio

9.69 9/25/03

n/a

13.26 12/31/84

n/a

9.94 9/28/90

n/a

11.57 6/16/58

n/a

0.420 0.880 0.690 0.670

8.34 12/28/90

n/a

10.81 3/29/94

n/a

0.780 0.610

10.46 11/03/04

n/a

1.020

7.54 12/27/91

n/a

7.30 5/02/12

n/a

4.00 9/08/11

n/a

6.04 11/01/94

n/a

7.05 12/31/86

n/a

0.85 12/20/07

n/a

2.61 11/01/07

n/a

4.32 11/05/97

n/a

12.31 9/18/02

n/a

5.81 8/02/05

n/a

-1.74 5/09/17

n/a

0.35 5/18/06

n/a

9.35 12/04/84

n/a

0.14 11/01/07

n/a

3.70 6/07/16

n/a

7.66 5/30/90

n/a

0.810 1.060 0.060 1.060

0.880 0.590 0.950 0.045 1.200 1.110

0.200

0.890 0.970 1.290 0.060 0.940

8.41 11/17/87

n/a

8.52 11/01/95

n/a

7.04 4/19/93

n/a

7.86 10/01/86

n/a

3.60 9/15/92

n/a

0.890 0.960 1.020 0.960 1.050

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

5

Cumulative Total Returns %

Average Annual Total Returns %

AS OF DECEMBER 31, 2018

Fund ID Name

3 Month YTD 1 Year 3 Year

INTERNATIONAL/GLOBAL - REGIONAL (continued)

FJSCX Fidelity? Japan Smaller Companies Fund 40,47

-12.82 -15.94 -15.94 7.47

FLATX Fidelity? Latin America Fund 40,47

3.59 -10.37 -10.37 11.83

FNORX Fidelity? Nordic Fund 40,47

-12.36 -11.50 -11.50 2.19

FPBFX Fidelity? Pacific Basin Fund 40,47

-12.32 -17.95 -17.95 5.76

INTERNATIONAL/GLOBAL - EMERGING MARKETS

FEMEX Fidelity? Emerging Europe, Middle East, Africa (EMEA) Fund 40,47

-5.76 -13.32 -13.32 11.81

FEDDX Fidelity? Emerging Markets Discovery Fund 40,47 -5.96 -18.88 -18.88 7.14

FEMKX Fidelity? Emerging Markets Fund 40,47

-9.05 -18.02 -18.02 7.72

FPADX Fidelity? Emerging Markets Index Fund 34,40,47

-7.41 -14.63 -14.63 9.35

FTEMX Fidelity? Total Emerging Markets Fund 40,47

-5.31 -14.18 -14.18 7.66

INTERNATIONAL/GLOBAL - SPECIALTY

FIREX Fidelity? International Real Estate Fund 40,47,48,49 -5.38 -6.14 -6.14 5.39

SPECIALTY

FFGCX Fidelity? Global Commodity Stock Fund 40,48

-16.37 -13.20 -13.20 10.25

FRIFX Fidelity? Real Estate Income Fund 40,48,49

-3.01 -0.64 -0.64 5.52

FSRNX Fidelity? Real Estate Index Fund 35,40,48,49

-6.63 -4.21 -4.21 1.94

FRESX Fidelity? Real Estate Investment Portfolio 40,48,49 -6.35 -3.95 -3.95 2.58

FSAIX Fidelity? Select Air Transportation Portfolio 40,48 -17.00 -12.46 -12.46 9.32

FSAVX Fidelity? Select Automotive Portfolio 40,48

-8.98 -13.54 -13.54 0.31

FSRBX Fidelity? Select Banking Portfolio 40,48

-18.69 -18.28 -18.28 5.31

FBIOX Fidelity? Select Biotechnology Portfolio 40,48

-22.31 -10.73 -10.73 -4.51

5 Year

5.71 -3.86 2.50 4.76

0.97

1.40 2.69 2.05 2.47

4.42

-2.75 6.10 7.79 8.28 8.87 0.77 4.81 5.97

10 Year

10.53 2.90 11.80 12.98

8.23

n/a 8.37 n/a n/a

9.32

n/a 11.76 n/a 12.79 15.44 16.52 9.09 16.00

Life of Fund

Fund Inception

Short-Term Trading Fee (%/ Days)

Expense Ratio

5.38 11/01/95

n/a

6.30 4/19/93

n/a

9.73 11/01/95

n/a

6.72 10/01/86

n/a

0.940 1.070 0.980 1.070

0.55 5/08/08

n/a

4.55 11/01/11

n/a

4.70 11/01/90

n/a

1.41 9/08/11

n/a

3.93 11/01/11

n/a

1.340

1.220 0.960 0.080 1.130

5.51 9/08/04

n/a

1.050

2.68 3/25/09

n/a

7.22 2/04/03

n/a

8.25 9/08/11

n/a

9.78 11/17/86

n/a

10.75 12/16/85

n/a

8.09 6/30/86

n/a

9.31 6/30/86

n/a

12.77 12/16/85

n/a

1.080 0.750 0.070 0.760 0.820 0.970 0.770 0.740

FSLBX FSCHX

Fidelity? Select Brokerage and Investment Management Portfolio 40,48

Fidelity? Select Chemicals Portfolio 40,48

-10.79 -15.02 -15.02 5.62 2.28 10.68 10.23 7/29/85

n/a

-16.79 -22.19 -22.19 6.54 3.71 15.95 12.94 7/29/85

n/a

0.790 0.770

FBMPX Fidelity? Select Communication Services Portfolio -10.32 -3.27 -3.27 6.05 4.79 17.19 11.95 6/30/86

n/a

36,40,48

0.800

FSDCX FDCPX

Fidelity? Select Communications Equipment Portfolio 37,40,48

Fidelity? Select Computers Portfolio 40,48

-13.23 3.95 3.95 11.64 7.52 14.14 9.81 6/29/90

n/a

-19.07 -5.88 -5.88 13.39 7.59 16.68 11.45 7/29/85

n/a

0.850 0.790

FSHOX Fidelity? Select Construction and Housing Portfolio 40,48

-14.97 -15.59 -15.59 3.80 6.72 13.54 10.95 9/29/86

n/a

FSCPX Fidelity? Select Consumer Discretionary Portfolio -15.84 -0.94 -0.94 8.06 7.95 16.14 9.93 6/29/90

n/a

37,40,48

0.800 0.780

FSVLX Fidelity? Select Consumer Finance Portfolio 38,40,48

-15.24 -10.39 -10.39 8.13 5.16 9.37 8.51 12/16/85

n/a

0.900

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

6

Cumulative Total Returns %

Average Annual Total Returns %

AS OF DECEMBER 31, 2018

Fund ID Name

SPECIALTY (continued)

FDFAX Fidelity? Select Consumer Staples Portfolio 37,40,48

Short-Term

Trading

3

10 Life of Fund

Fee (%/ Expense

Month YTD 1 Year 3 Year 5 Year Year Fund Inception Days)

Ratio

-10.53 -15.82 -15.82 -0.93 2.63 9.25 11.76 7/29/85

n/a

0.760

FSDAX Fidelity? Select Defense and Aerospace Portfolio -19.70 -6.74 -6.74 13.84 9.49 15.76 11.57 5/08/84

n/a

40,48

0.760

FSENX FSESX

Fidelity? Select Energy Portfolio 40,48 Fidelity? Select Energy Service Portfolio 40,48

-30.22 -24.92 -24.92 -0.73 -7.44 3.93 7.07 7/14/81

n/a

-43.87 -44.10 -44.10 -12.65 -17.94 -1.25 4.78 12/16/85

n/a

0.790 0.840

FSLEX Fidelity? Select Environment and Alternative Energy Portfolio 39,40,48

-12.94 -13.43 -13.43 9.39 4.93 8.50 4.32 6/29/89

n/a

FIDSX Fidelity? Select Financial Services Portfolio 40,48 -14.21 -15.86 -15.86 6.49 5.14 8.89 10.74 12/10/81

n/a

FSAGX Fidelity? Select Gold Portfolio 40,48

12.31 -13.00 -13.00 11.65 0.90 -3.58 4.24 12/16/85

n/a

FSPHX Fidelity? Select Health Care Portfolio 40,48

-15.01 7.44 7.44 5.97 11.00 18.21 15.46 7/14/81

n/a

0.870

0.770 0.860 0.730

FSHCX Fidelity? Select Health Care Services Portfolio

-12.53 10.45 10.45 11.98 13.18 18.07 12.11 6/30/86

n/a

40,48

0.770

FCYIX Fidelity? Select Industrials Portfolio 37,40,48 FSPCX Fidelity? Select Insurance Portfolio 40,48 FBSOX Fidelity? Select IT Services Portfolio 37,40,48 FDLSX Fidelity? Select Leisure Portfolio 40,48 FSDPX Fidelity? Select Materials Portfolio 37,40,48

-19.70 -15.27 -15.27 5.53 4.04 13.45 9.25 3/03/97

n/a

-10.53 -11.24 -11.24 6.57 6.60 12.64 10.66 12/16/85

n/a

-17.05 4.19 4.19 13.73 12.08 20.12 12.38 2/04/98

n/a

-9.64 -7.15 -7.15 8.41 7.36 15.11 13.40 5/08/84

n/a

-16.51 -23.65 -23.65 2.57 -0.30 11.73 8.96 9/29/86

n/a

0.770 0.790 0.770 0.770 0.790

FSMEX Fidelity? Select Medical Technology and Devices -13.79 16.20 16.20 16.92 16.75 17.73 14.17 4/28/98

n/a

Portfolio 40,48

FSNGX Fidelity? Select Natural Gas Portfolio 40,48

-30.78 -25.35 -25.35 -2.22 -12.53 0.05 4.63 4/21/93

n/a

FNARX Fidelity? Select Natural Resources Portfolio 40,48 -25.06 -24.22 -24.22 -0.47 -7.49 3.38 5.88 3/03/97

n/a

FPHAX Fidelity? Select Pharmaceuticals Portfolio 40,48

-9.52 5.81 5.81 -0.65 5.61 13.41 7.31 6/18/01

n/a

FSRPX Fidelity? Select Retailing Portfolio 40,48

-17.67 4.62 4.62 11.19 12.77 21.21 13.56 12/16/85

n/a

FSELX Fidelity? Select Semiconductors Portfolio 40,48

-16.82 -11.75 -11.75 16.41 17.42 20.33 11.57 7/29/85

n/a

0.760

0.890 0.830 0.810 0.780 0.750

FSCSX Fidelity? Select Software and IT Services Portfolio -14.71 4.19 4.19 16.77 13.74 20.89 15.61 7/29/85

n/a

40,48

0.730

FSPTX Fidelity? Select Technology Portfolio 40,48

-22.49 -8.79 -8.79 15.23 12.70 19.86 12.41 7/14/81

n/a

0.750

FSTCX Fidelity? Select Telecommunications Portfolio

-12.26 -8.02 -8.02 4.73 4.01 11.67 9.62 7/29/85

n/a

40,48

0.820

FSRFX Fidelity? Select Transportation Portfolio 40,48 FSUTX Fidelity? Select Utilities Portfolio 37,40,48 FWRLX Fidelity? Select Wireless Portfolio 40,48 FIUIX Fidelity? Telecom and Utilities Fund 40,48

-17.37 -10.93 -10.93 11.07 8.39 15.07 12.21 9/29/86

n/a

-2.01 8.58 8.58 13.44 9.62 11.36 11.04 12/10/81

n/a

-12.62 -6.21 -6.21 8.88 5.19 13.30 2.83 9/21/00

n/a

-4.09 3.32 3.32 10.63 7.70 10.85 8.94 11/27/87

n/a

0.800 0.780 0.830 0.550

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

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

7

AS OF DECEMBER 31, 2018

Cumulative Total Returns %

Average Annual Total Returns %

MARKET INDICATORS

Name

3

10

Month YTD 1 Year 3 Year 5 Year Year

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

DJ Industrial Average

-11.31 -3.48 -3.48 12.94 9.70 13.16

MSCI EAFE (Net MA)

-12.52 -13.60 -13.60 3.09 0.72 6.48

S&P 500

-13.52 -4.38 -4.38 9.26 8.49 13.12

Russell 2000

-20.20 -11.01 -11.01 7.36 4.41 11.97

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

Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period 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.

EXPENSE RATIO

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

SPECIFIC FUNDS

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

1 On December 1, 2015, this fund (formerly Fidelity? Cash Reserves) was approved to operate as a government fund with different investment policies. The historical performance may not represent its current investment policies.

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

3 Initial offering of Premium Class shares for Fidelity Government Money Market Fund was on 04/06/2015. Returns and expenses prior to that date are those of Fidelity Government Money Market Fund (SPAXX). Had Fidelity Government Money Market Fund - Premium Class expenses been reflected in the returns shown, total returns would have been higher.

4 Initial offering of Fidelity Treasury Fund shares for Treasury Fund was on 04/06/2015. Returns and expenses prior to that date are those of Treasury Fund-Daily Money Class. Had Treasury Fund-Fidelity Treasury Fund expenses been reflected in the returns shown, total returns would have been higher.

5 Returns prior to October 4, 2017 are those of the Premium Class and reflect the Premium Class' expense ratio. Had the Institutional Premium Class' expense ratio been reflected, total returns would have been higher.

6 As of 11/05/2018, this fund changed its name from Fidelity Intermediate Treasury Bond Index Fund - Institutional Premium Class.

7 As of 11/05/2018, this fund changed its name from Fidelity Long-Term Treasury Bond Index Fund - Institutional Premium Class.

8 As of 11/05/2018, this fund changed its name from Fidelity Short-Term Treasury Bond Index Fund - Institutional Premium Class.

9 On November 1, 2013, an initial offering of the Fidelity Limited Term Bond Fund (Retail Class) took place. Returns and expenses prior to that date are those of the Fidelity Advisor Limited Term Bond Fund Institutional Class. Had Fidelity Limited Term Bond Fund (Retail Class) expenses been reflected in the returns shown, total returns would have been higher.

10 Prior to October 30, 2013, the fund was named Fidelity Advisor Intermediate Bond Fund, and the fund operated under different investment policies. The fund's historical performance may not represent its current investment policies.

11 As of 11/05/2018, this fund changed its name from Fidelity Short-Term Bond Index Fund - Institutional Premium Class.

12 As of 11/05/2018, this fund changed its name from Fidelity Sustainability Bond Index Fund - Institutional Class.

13 Returns prior to May 4, 2011 are those of the Premium Class and reflect the Premium Class' expense ratio. Had the Institutional Premium Class' expense ratio been reflected, total returns would have been higher.

14 As of 11/05/2018, this fund changed its name from Fidelity U.S. Bond Index Fund - Institutional Premium Class.

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

8

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