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Free commission offer applies to online purchases of Fidelity ETFs and select
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†

$4.95 commission applies to online U.S. equity trades in a Fidelity retail
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» Fidelity beats Vanguard on expenses on 18 of 18 comparable stock and bond
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other important factors including that each fund’s investment objectives,
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fund’s features and risks. Vanguard offers other share classes of these funds
with different investment minimums and expense ratios.
‡ Margin Rates: Effective since 12/21/2018, Fidelity 5.50% and Vanguard 5.75%
for debit balances over $1,000,000. Effective since 9/28/2018, Schwab 7.825% for
debit balances of $250,000 to $499,999.99. Call Schwab for rates on debit
balances above $499,999.99, as its rates are not published for anything above
this amount. Effective since 9/28/2018, TD Ameritrade 7.75% for debit balances
over $1,000,000. Fidelity's current base margin rate is 8.575%.
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As of August 1, 2018, Fidelity contractually lowered fund operating expense
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* Fidelity® Wealth Services is an investment advisory service that provides
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prospectus containing this information. Read it carefully.

Additional Important Information

ETFs are subject to market fluctuation and the risks of their underlying
investments. ETFs are subject to management fees and other expenses. Unlike
mutual funds, ETF shares are bought and sold at market price, which may be
higher or lower than their NAV, and are not individually redeemed from the fund.

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