OCTOBER 2018 CAPITAL GAINS ESTIMATES

[Pages:1]OCTOBER 2018 CAPITAL GAINS ESTIMATES

Capital Gains Estimates for Selected Funds The following chart contains estimates of the per-share amount of capital gains expected to be distributed by select Fidelity funds in October 2018. The chart does not include estimates for all funds that are making capital gain distributions in October and does not include estimates of income distributions. The estimates are not audited and are based on available information and it is reasonable to expect adjustments in distribution estimates (that could be significant) as a result of tax adjustments and other factors.

Cusip

316345206 316345602 316448877 31641Q102 316345107 316345701

Fund Name

Fidelity? Balanced Fund Fidelity? Balanced Fund: Class K Fidelity? Export and Multinational Fund Fidelity? Export and Multinational Fund: Class K Fidelity? Puritan? Fund Fidelity? Puritan? Fund: Class K

Distr. Type

Capital Gain Capital Gain Capital Gain Capital Gain Capital Gain Capital Gain

Fiscal YearEnd

August August August August August August

Ex Date

10/12/18 10/12/18 10/5/18 10/5/18 10/12/18 10/12/18

Pay Date 10/15/18 10/15/18 10/8/18 10/8/18 10/15/18 10/15/18

STCG Per Share LTCG Per Share

0.24000 0.24000 0.51200 0.51200 0.00000 0.00000

1.41100 1.41100 1.91800 1.91800 1.50100 1.50100

NAV

25.33 25.33 23.28 23.25 25.1 25.09

% of NAV

6.52% 6.52% 10.44% 10.45% 5.98% 5.98%

Not FDIC Insured ? May Lose Value ? No Bank Guarantee

Unless otherwise disclosed to you, in providing this information, Fidelity is not undertaking to provide impartial investment advice, act as an impartial adviser, or to give advice in a fiduciary capacity.

Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies. Each sector fund is also subject to the additional risks associated with its particular industry.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation, credit, and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The securities of smaller, less well-known companies can be more volatile than those of larger companies.

Not NCUA or NCUSIF insured. May lose value. No credit union guarantee.

Funds generally pay capital gains approximately 5-6 weeks after their Fiscal Year-End (YE-CG) and/or in December to meet Year-End distribution requirements. Funds with September, October & November Fiscal Year-Ends generally only pay one capital gain distribution per year in December.

The distribution dates disclosed herein are only for capital gain distributions. The distribution dates for monthly and quarterly income distributions are not included in the chart, but are disclosed in the prospectus of each fund. Funds that pay income annually generally make their income distributions on the same date as the capital gain distributions disclosed in the chart.

Funds infrequently make off-cycle distributions that will not be disclosed herein. Examples of such off-cycle distributions include distributions required by law or distributions in anticipation of fund mergers.

If Funds do not have realized capital gains for a given period, the capital gain distribution may be $0.00.

Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.

Important note: Investors will not experience an economic gain or loss from a distribution. The per-share amount of a distribution is deducted from a fund's net asset value (NAV) . Fund prices will reflect a NAV reduction when a distribution is paid. Unless set by the customer to pay into a core account, distributions are reinvested and the number of shares in the account will increase. This leaves the total value of the account unaffected by the distribution.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact your investment professional or visit institutional. for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

839954.1.11 FIAM-BD

FIDELITY INVESTMENTS INSTITUTIONAL SERVICES COMPANY, INC., 500 SALEM STREET, SMITHFIELD, RI 02917 FIDELITY BROKERAGE SERVICES LLC, MEMBER NYSE, SIPC, 900 SALEM STREET, RI 02917

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