ETF Evaluator and Compare Tool Disclosure

1. This is a research tool
Using Morningstar and market data, the ETF Evaluator and Compare tool provides you with a way to research the hundreds of ETFs available through Fidelity. Once you narrow down your choices, additional data can be found by clicking the fund name. This enables you to view additional Morningstar ratings information, standard performance, fees, and volatility measures.

The ETF Evaluator and Compare tool is provided to help self-directed investors evaluate ETFs based on their individual needs and circumstances. The criteria entered is at the sole discretion of the user, and any information obtained should not be considered an offer to buy or sell, a solicitation of an offer to buy, or a recommendation for any securities. You acknowledge that your requests for information are unsolicited and shall neither constitute, nor be considered as, investment advice by Fidelity Brokerage Services, LLC., Fidelity Distributors Corporation, or their affiliates (collectively, "Fidelity").

While these research tools may be of use to investors in evaluating certain information about ETFs, it should not be considered to include every factor that may be necessary for an investor to make a decision to invest in an ETF. A decision to invest in a particular ETF may be based on a number of factors, including investors' needs, goals, and comfort with risk.

2. Leaving the ETF Evaluator and Compare tool
By selecting any of the hyperlinks that leave the ETF Evaluator or Compare tool, you will be going to areas outside of this research tool to receive more information about a particular ETF. Because much of the data within the ETF Evaluator and Compare tool is provided by Morningstar, there may be differences in the ETF data that did not come from Morningstar on other areas of the Fidelity site.

3. Morningstar data
Most of the ETF data used within the ETF Evaluator and Compare tool is provided by Morningstar, Inc.®. The Morningstar data contained herein (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Fidelity does provide its own Classification and Investment Category data to supplement the category data provided by Morningstar. The Classification data provided by Fidelity reflects an ETF's general asset class, and includes Equity, Fixed Income, Commodity, Currency and Other (which incorporates ETFs that produce returns that are inversely correlated to an index's returns). Investment Category is a further breakdown into Sectors, Regions, and Style/Capitalizations (where applicable) using industry standard definitions.

Morningstar Category is a proprietary ETF categorization system based on Morningstar's category system for actively-managed mutual funds. Morningstar Category sometimes defines ETFs by their actual investment style, as measured by the underlying portfolio holdings, which may differ from the ETF's stated investment objective-but which may be helpful in comparing to actively-managed mutual fund alternatives.

Fidelity does not guarantee the suitability or potential value of any particular investment or information source. Data and information is provided for informational purposes only. All data is historical and is subject to change at any time.

Performance data quoted represents past performance, and the return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

4. ETFs available
All ETFs listed and traded on U.S. exchanges are available through Fidelity Brokerage Services, LLC. The ETFs included in the ETF Evaluator and Compare tool include only those that have been in the marketplace long enough to have sufficient data provided by Morningstar.

5. Order of results
Each ETF included in the ETF Evaluator and Compare results set will be listed in alphabetical order by ETF name. You may change this order at any time by clicking any of the column headers. To analyze other ETF-related information, change the View drop-down menu.

6. Taxes
Taxes on dividends and capital gains can affect the returns of an ETF investment. As an investor, you should consider the impact of these taxes before making an investment decision. A tax or financial advisor should be consulted for additional information.

As with other investments through Fidelity, you must decide for yourself if an investment in a security is consistent with your evaluation of the security, your investment objectives, your risk tolerance, and your financial situation. By making this investment available to its customers, Fidelity is not recommending or endorsing it.