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Annual Management Report of Fund PerformanceMarch 31, 2018

Fidelity Global Monthly Income Currency Neutral Fund

Caution Regarding Forward-looking Statements

Certain portions of this report, including, but not limited to, “Results of Operations” and “Recent Developments”, may contain forward-looking statements about the Fund, including its strategy, risks, expected performance and condition. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” and similar forward-looking expressions or negative versions thereof.

In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future Fund action, is also a forward-looking statement. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about the Fund and economic factors. Accordingly, assumptions concerning future economic and other factors may prove to be incorrect at a future date.

Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied in any forward-looking state-ments made by the Fund. Any number of important factors could contribute to these digressions, including, but not limited to, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, and catastrophic events.

It should be stressed that the above-mentioned list of important factors is not exhaustive. You are encouraged to consider these and other factors carefully before making any investment decisions and you are urged to avoid placing undue reliance on forward-looking statements. Further, you should be aware of the fact that the Fund has no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, prior to the release of the next Management Report of Fund Performance.

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Annual Management Report of Fund Performance as at March 31, 2018Fidelity Global Monthly Income Currency Neutral FundThis annual management report of fund performance contains financial highlights but does not contain the complete annual financial statements for the investment fund. You can get a copy of the annual financial statements at your request, and at no cost, by calling 1-800-263-4077, by writing to us at Fidelity Investments, 483 Bay St. Suite 300, Toronto ON M5G 2N7 or by visiting our website at www.fidelity.ca or SEDAR at www.sedar.com.

Securityholders may also contact us using one of these methods to request a copy of the investment fund’s proxy voting policies and procedures, proxy voting disclosure record or quarterly portfolio disclosure relating to the investment fund.

Management Discussion of Fund PerformanceInvestment Objective and StrategiesInvestment Objective: Fidelity Global Monthly Income Currency Neutral Fund (Fund) aims to achieve a combination of a steady flow of income and the potential for capital gains. It invests substantially all of its assets in units of Fidelity Global Monthly Income Fund (Underlying Fund). The Fund uses derivatives to try to minimize exposure to currency fluctuations between foreign currencies in developed markets and Canadian dollars. The Fund may also hedge against other foreign currencies.

Strategies: The Underlying Fund’s neutral mix is 50% equity securities and 50% fixed-income securities. The equity securities portion of the Underlying Fund’s investments includes securities that are expected to distribute income. The Underlying Fund’s exposure to equity and fixed-income securities may vary by up to +/- 20% from the neutral mix. The Underlying Fund may invest a significant portion of its assets in securities of other funds, including ETFs managed by third parties and funds managed by Fidelity, in accordance with its investment objectives. The Underlying Fund may also hold cash. The Underlying Fund may invest in a wide variety of equity and fixed-income securities, including common shares, investment-grade and high-yield fixed-income securities, real estate investment trusts (REITs), commercial mortgage-backed securities, emerging market debt securities, convertible securities and floating rate debt instruments.

RiskThe risks associated with investing in the Fund remain as discussed in the prospectus. Any changes to the Underlying Fund over the period have not affected the overall level of risk of the Fund. The Fund is suitable for long-term investors who want to gain exposure to both global equity and fixed-income securities while seeking to reduce currency fluctuations between global currencies and Canadian dollars, want the convenience of a diversified portfolio in a single fund, want the potential for both income and capital gains, can handle the volatility of returns generally associated with equity investments, and are willing to accept a low to medium level of risk. The suitability of the investment has not changed from what has been disclosed in the prospectus.

Results of OperationsFidelity Global Monthly Income Currency Neutral Fund, Series B, returned 3.1%, after fees and expenses, for the one-year period ended March 31, 2018. The net returns of the other series of this Fund are similar to those of Series B, except for differences attributable to expense structures. Global equities, as measured by the MSCI ACWI (All Country World Index) Index – Hedged CAD, returned 10.8%, in Canadian dollar terms, for the period under review. Global investment-grade bonds, as represented by the Bloomberg Barclays Global Aggregate Bond Index – Hedged CAD, returned 1.9%, in Canadian dollar terms, for the review period.

Market overview:

Global equities registered positive returns during the review period supported by strengthening economic and corporate data across the world. Emerging markets, especially Asia, outper-formed developed markets driven by encouraging economic data from China and a recovery in global demand. Towards the end of the review period, markets experienced higher volatility as heightened concerns of a potential global trade war, and faster interest rate hikes by the U.S. Federal Reserve (Fed), negatively impacted investor sentiment. U.S. equities registered healthy gains due to strong corporate earnings as deregulation and tax reforms fueled business optimism. Canadian equities were weighed down by uncertainty over NAFTA renegotiation and high consumer-debt levels. European equities gained on economic recovery in the region and an accommodative monetary policy. However, the U.K. underperformed amid uncertainty around Brexit negotiations.

Global investment-grade bonds also registered positive returns as synchronized global growth, low volatility and low inflation drove markets higher during the review period. Central banks dominated headlines as they began to shift towards monetary policy normalization. The U.S. Federal Reserve raised interest rates three times and the European Central Bank signaled that it may begin to tighten its accommodative monetary policy going forward. In the U.K., the Bank of England raised interest rates in November 2017 for the first time in a decade. Yield curves flattened significantly in the U.S. and U.K. during the period amid concerns regarding future economic growth prospects. Global corporate bond markets performed well during the period as demand for yield increased and corporate fundamentals improved.

Factors affecting performance:

The Fund’s benchmark returned 6.1% for the period under review. The Fund’s benchmark is a blend of 40.0% MSCI ACWI (All Country World Index) Index – Hedged CAD, 31.0% Bloomberg Barclays Global Aggregate Bond Index – Hedged CAD, 12.0% ICE BofAML Global High Yield Constrained Index – Hedged CAD, 7.0% FTSE EPRA/NAREIT Developed Index – Hedged CAD, 5.0% J.P. Morgan Emerging Markets Bond Index Global Diversified Index – Hedged CAD and 5.0% ICE BofAML All U.S. Convertibles Index – Hedged CAD.

The Fund’s underperformance of its benchmark was primarily due to security selection among global equities, while exposure to global bonds, global real estate investment trusts (REITs) and emerging markets debt contributed to relative performance.

Among the Underlying Fund’s exposure to global equity securities, investments and a lower-than-benchmark positioning in the information technology sector detracted from relative perfor-mance. In this sector, U.K.-based software and services company Micro Focus made the top detraction. The Underlying Fund’s larger-than-benchmark position, as well as certain holdings,

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Management Discussion of Fund Performance – continued

in the consumer staples sector also detracted from relative returns. The Underlying Fund’s investment in U.K.-based tobacco company British American Tobacco detracted from relative performance. Among other sectors, the Underlying Fund’s investment in Israel-based pharmaceuticals, biotechnology and life sciences company Teva Pharmaceutical detracted, as did a lack of exposure to U.S.-based electronic commerce and cloud computing company Amazon, whose share price rose over the review period.

In contrast, the Underlying Fund’s holdings in the industrials sector contributed to relative performance. The Underlying Fund’s investment in U.S.-based electronic instruments and electrome-chanical devices manufacturer AMETEK helped returns, as did a lack of exposure to U.S.-based industrials conglomerate General Electric, whose share price fell over the review period. Among other sectors, exposures to Hong Kong-based power equipment products company Techtronic Industries, Kenya-based mobile network operator Safaricom and U.K.-based thermoplastic manufacturer and seller Victrex contributed to relative performance.

The Underlying Fund’s exposure to global bonds and emerging markets debt contributed to relative performance, primarily attributable to strong security selection. Global REITs also contrib-uted to relative performance, primarily driven by a lower-than-benchmark exposure to the retail industry and an exposure to certain stocks in the diversified real estate industry.

Consistent with the Underlying Fund’s mandate, the lead portfolio managers maintained the Fund’s asset allocation of equity and fixed-income securities broadly in line with the benchmark.

Portfolio changes:

During the review period, global equity portfolio manager Ramona Persaud added exposure to the energy and industrials sectors. In the energy sector, she increased exposure to Canada-based integrated energy company Suncor Energy. The portfolio manager believes that the company has improved its capital allocation, has a long reserve life profile and is attractively valued. In the industrials sector, the portfolio manager initiated a position in France-based high-performance materials manufacturer Saint-Gobain; the portfolio manager believes the company is attractively valued, and the French housing and construction industries are rebounding. She also initiated a position in Germany-based postal service and international courier service company Deutsche Post, owing to its robust fundamentals and its exposure to e-commerce. In contrast, the portfolio manager reduced exposure to the information technology sector, exiting a position in U.K.-based digital payments solution provider Paysafe after the share price rallied significantly during the review period, and the portfolio manager opted to invest in other opportunities with a more attractive risk/reward profile.

Global bond portfolio managers Michael Foggin, Andrew Lewis and Jeff Moore increased exposure to investment-grade corporate bonds, particularly financial institution and industrial issuers, while exiting high-yield bonds due to the tight spreads in high-yield markets and relatively more attractive opportunities among large global financial institutions. Global high-yield portfolio manager Michael Weaver reduced exposure to the technology and the food, beverage and tobacco industries in favour of the health care and chemicals industries, focusing on bottom-up security selection and idiosyncratic investment opportunities.

Global real estate portfolio manager Steven Buller increased exposure to industrial real estate securities, while reducing exposure to retail and diversified real estate securities. On the margin, Mr. Buller has been focusing more on sector themes, given the prevailing overhang from macroeconomic factors affecting REIT market performance. Specifically, he is finding investment opportunities in areas that would benefit from the dispersion of sector valuation or that have experienced increased secular demand driven by e-commerce.

Derivatives exposure:

The Fund engaged in forward contracts, in a manner consistent with its investment objective and strategies, to hedge against the effect of currency fluctuations on the Fund’s investment returns. Using forward contracts in this manner does not completely eliminate the impact of currency fluctuations on returns. Hedging is done for developed market currencies such as the U.S. dollar, Japanese yen, euro and British pound. The Fund does not hedge against emerging market currencies, which can be difficult and costly to hedge and present additional risks to the Fund.

Recent DevelopmentsPortfolio managers Geoff Stein and David Wolf seek to maintain a strategic allocation of equities and fixed-income securities in line with the Fund’s benchmark. They believe the economic cycle is approaching its later stages, with central banks beginning to raise interest rates and inflation risks growing.

Global equity portfolio manager Ramona Persaud has been finding compelling investment opportunities in the consumer staples sector. The recent shift toward cyclical, pro-growth industries has created a challenging environment in which the impact of investor sentiment has outweighed fundamentals. However, Ms. Persaud remains committed to finding high-quality value opportunities in companies with strong track records for capital allocation.

Global bond portfolio manager Curt Hollingsworth retired in December 2017. Michael Foggin and Andrew Lewis assumed portfolio co-management responsibilities for the underlying Fidelity Global Bond Fund effective June 1, 2017. The Fund’s investment objective and strategy have not been affected by this change. Global bond portfolio managers Michael Foggin, Andrew Lewis and Jeff Moore are focusing on maintaining a well-diversified and liquid bond portfolio that can adapt to a changing market environment. They continue to emphasize bottom-up, fundamental security selection, with a view to capitalize on idiosyncratic investment opportunities. At the moment, they believe global central bank actions will continue to dominate the fixed-income landscape. In addition, they believe that corporate bonds offer the best potential for active returns.

Global high-yield portfolio manager Michael Weaver continues to invest in companies with strong balance sheets and improving fundamental characteristics. He strives to uncover these companies through in-depth fundamental credit analysis. He looks for companies that have predictable businesses and good returns on capital, as well as policies that support credit improvement.

Global real estate portfolio manager Steven Buller observes that REITs fundamentals remain reasonable globally, although growth has moderated in some countries. He observes that access to capital for REIT issuers remains favourable, despite slightly higher costs. Mr. Buller believes that valuations are currently attractive and is positive on the outlook for global REITs. On the margin, Mr. Buller has been focusing more on sector themes, given the prevailing overhang from macroeconomic factors affecting REIT market performance.

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As at March 31, 2018, in terms of asset allocation, the largest amount of the Underlying Fund’s assets was invested in global equities, followed by global bonds.

Related Party TransactionsManager and Portfolio Adviser

The Fund is managed by Fidelity Investments Canada ULC (Fidelity). Fidelity is part of a broader collection of companies collectively known as Fidelity Investments.

Fidelity provides or arranges for the provision of all general management and administrative services required by the Fund in its day–to–day operations, bookkeeping, record–keeping and other administrative services for the Fund.

Fidelity is the portfolio adviser to the Fund and it provides investment advisory services to the Fund. Fidelity provides investment advice with respect to the Fund’s investment portfolio and arranges for the acquisition and disposition of portfolio investments, including all necessary brokerage arrangements.

The Fund pays Fidelity a monthly management and advisory fee for their services, based on the net asset value of each Series, calculated daily and payable monthly. The Fund paid Fidelity management and advisory fees of $1,324,000 for the period ended March 31, 2018.

Administration Fee

Fidelity charges the Fund a fixed administration fee in place of certain variable expenses. Fidelity, in turn, pays all of the operating expenses of the Fund, other than certain specified fund costs (e.g. the fees and expenses of the Independent Review Committee, taxes, brokerage commissions and interest charges). The Fund pays an annual rate, which is calculated on a tiered basis, based on the net asset value of each Series, calculated daily and payable monthly. The Fund paid Fidelity administration fees of $206,000 for the period ended March 31, 2018.

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Financial Highlights

The following tables show selected key financial information about the Fund and are intended to help you understand the Fund’s financial performance for the period end of the years shown. This information is derived from the Fund’s audited annual and/or unaudited semi-annual financial statements. Please see the front page for information about how you can obtain the Fund’s annual or semi-annual financial statements.

Fidelity Global Monthly Income Currency Neutral Fund Series A

Periods ended March 31, 2018 2017A

The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.59 $ 10.00Increase (decrease) from operations: Total revenue .31 .30Total expenses (excluding distributions) (.27) (.19)Realized gains (losses) (.11) .10Unrealized gains (losses) .03 .33Total increase (decrease) from operationsC (.04) .54Distributions: From net investment income (excluding dividends) (.07) (.15)From dividends (.01) –From capital gains – –Return of capital – –Total distributionsC,D (.08) (.15)Net assets, end of periodC $ 10.83 $ 10.59Ratios and Supplemental Data Net asset value (000s) E $ 31,871 $ 8,523Securities outstandingE 2,945,918 803,410Management expense ratio F,G 2.47% 2.48%Management expense ratio before waivers or absorptions F,G 2.53% 2.54%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.8317 $ 10.5899

Fidelity Global Monthly Income Currency Neutral Fund Series B


The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.59 $ 10.00Increase (decrease) from operations: Total revenue .33 .30Total expenses (excluding distributions) (.25) (.18)Realized gains (losses) (.13) .10Unrealized gains (losses) (.03) .27Total increase (decrease) from operationsC (.08) .49Distributions: From net investment income (excluding dividends) (.08) (.15)From dividends (.01) –From capital gains – –Return of capital – –Total distributionsC,D (.09) (.15)Net assets, end of periodC $ 10.83 $ 10.59Ratios and Supplemental Data Net asset value (000s) E $ 62,688 $ 10,865Securities outstandingE 5,806,734 1,037,588Management expense ratio F,G 2.29% 2.30%Management expense ratio before waivers or absorptions F,G 2.35% 2.36%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.8339 $ 10.5912

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Fidelity Global Monthly Income Currency Neutral Fund Series F


The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.60 $ 10.00Increase (decrease) from operations: Total revenue .36 .33Total expenses (excluding distributions) (.12) (.09)Realized gains (losses) (.27) .08Unrealized gains (losses) (.10) .27Total increase (decrease) from operationsC (.13) .59Distributions: From net investment income (excluding dividends) (.20) (.23)From dividends (.02) (.01)From capital gains – –Return of capital – –Total distributionsC,D (.22) (.24)Net assets, end of periodC $ 10.85 $ 10.60Ratios and Supplemental Data Net asset value (000s) E $ 35,382 $ 4,618Securities outstandingE 3,295,011 436,518Management expense ratio F,G 1.10% 1.12%Management expense ratio before waivers or absorptions F,G 1.13% 1.15%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.8544 $ 10.6020

Fidelity Global Monthly Income Currency Neutral Fund Series F5


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.78 $ 20.00Increase (decrease) from operations: Total revenue .46 .62Total expenses (excluding distributions) (.23) (.17)Realized gains (losses) .19 .11Unrealized gains (losses) .28 .36Total increase (decrease) from operationsC .70 .92Distributions: From net investment income (excluding dividends) (.37) (.47)From dividends (.03) (.01)From capital gains – –Return of capital (.70) (.42)Total distributionsC,D (1.10) (.90)Net assets, end of periodC $ 20.59 $ 20.78Ratios and Supplemental Data Net asset value (000s) E $ 6,273 $ 4,336Securities outstandingE 304,745 208,717Management expense ratio F,G 1.09% 1.10%Management expense ratio before waivers or absorptions F,G 1.11% 1.13%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 20.5948 $ 20.7789

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Financial Highlights – continued

Fidelity Global Monthly Income Currency Neutral Fund Series F8


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.32 $ 20.00Increase (decrease) from operations: Total revenue .50 .60Total expenses (excluding distributions) (.23) (.18)Realized gains (losses) .05 .23Unrealized gains (losses) .42 .43Total increase (decrease) from operationsC .74 1.08Distributions: From net investment income (excluding dividends) (.35) (.46)From dividends (.03) (.01)From capital gains – –Return of capital (1.30) (.87)Total distributionsC,D (1.68) (1.34)Net assets, end of periodC $ 19.51 $ 20.32Ratios and Supplemental Data Net asset value (000s) E $ 2,823 $ 2,152Securities outstandingE 144,918 106,052Management expense ratio F,G 1.15% 1.16%Management expense ratio before waivers or absorptions F,G 1.17% 1.18%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 19.5114 $ 20.3172

Fidelity Global Monthly Income Currency Neutral Fund Series T5


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.59 $ 20.00Increase (decrease) from operations: Total revenue .56 .61Total expenses (excluding distributions) (.51) (.38)Realized gains (losses) (.64) .21Unrealized gains (losses) .17 .30Total increase (decrease) from operationsC (.42) .74Distributions: From net investment income (excluding dividends) (.13) (.29)From dividends (.01) (.01)From capital gains – –Return of capital (.91) (.58)Total distributionsC,D (1.05) (.88)Net assets, end of periodC $ 20.16 $ 20.59Ratios and Supplemental Data Net asset value (000s) E $ 1,678 $ 191Securities outstandingE 83,280 9,295Management expense ratio F,G 2.46% 2.48%Management expense ratio before waivers or absorptions F,G 2.53% 2.55%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 20.1630 $ 20.5882

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Fidelity Global Monthly Income Currency Neutral Fund Series T8


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.12 $ 20.00Increase (decrease) from operations: Total revenue .70 .61Total expenses (excluding distributions) (.49) (.39)Realized gains (losses) (.09) .12Unrealized gains (losses) (.09) .25Total increase (decrease) from operationsC .03 .59Distributions: From net investment income (excluding dividends) (.12) (.29)From dividends (.01) (.01)From capital gains – –Return of capital (1.51) (1.02)Total distributionsC,D (1.64) (1.32)Net assets, end of periodC $ 19.09 $ 20.12Ratios and Supplemental Data Net asset value (000s) E $ 716 $ 115Securities outstandingE 37,045 5,740Management expense ratio F,G 2.46% 2.51%Management expense ratio before waivers or absorptions F,G 2.52% 2.60%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 19.0929 $ 20.1248

Fidelity Global Monthly Income Currency Neutral Fund Series S5


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.62 $ 20.00Increase (decrease) from operations: Total revenue .55 .62Total expenses (excluding distributions) (.46) (.35)Realized gains (losses) (.36) –Unrealized gains (losses) (.20) .27Total increase (decrease) from operationsC (.47) .54Distributions: From net investment income (excluding dividends) (.17) (.31)From dividends (.01) (.01)From capital gains – –Return of capital (.87) (.56)Total distributionsC,D (1.05) (.88)Net assets, end of periodC $ 20.23 $ 20.62Ratios and Supplemental Data Net asset value (000s) E $ 2,299 $ 282Securities outstandingE 112,882 13,693Management expense ratio F,G 2.25% 2.23%Management expense ratio before waivers or absorptions F,G 2.31% 2.31%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 20.2345 $ 20.6222

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Fidelity Global Monthly Income Currency Neutral Fund Series S8


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.16 $ 20.00Increase (decrease) from operations: Total revenue .62 .59Total expenses (excluding distributions) (.46) (.35)Realized gains (losses) (.52) .22Unrealized gains (losses) .34 .39Total increase (decrease) from operationsC (.02) .85Distributions: From net investment income (excluding dividends) (.15) (.30)From dividends (.01) (.01)From capital gains – –Return of capital (1.48) (1.01)Total distributionsC,D (1.64) (1.32)Net assets, end of periodC $ 19.15 $ 20.16Ratios and Supplemental Data Net asset value (000s) E $ 4,461 $ 458Securities outstandingE 231,232 22,820Management expense ratio F,G 2.30% 2.32%Management expense ratio before waivers or absorptions F,G 2.37% 2.38%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 19.1546 $ 20.1573

Fidelity Global Monthly Income Currency Neutral Fund Series E1


The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.60 $ 10.00Increase (decrease) from operations: Total revenue .32 .31Total expenses (excluding distributions) (.24) (.17)Realized gains (losses) (.13) .11Unrealized gains (losses) (.23) .23Total increase (decrease) from operationsC (.28) .48Distributions: From net investment income (excluding dividends) (.09) (.16)From dividends (.01) –From capital gains – –Return of capital – –Total distributionsC,D (.10) (.16)Net assets, end of periodC $ 10.84 $ 10.60Ratios and Supplemental Data Net asset value (000s) E $ 13,109 $ 1,630Securities outstandingE 1,221,150 156,848Management expense ratio F,G 2.21% 2.22%Management expense ratio before waivers or absorptions F,G 2.27% 2.28%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.8398 $ 10.5972

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Fidelity Global Monthly Income Currency Neutral Fund Series E1T5

Periods ended March 31, 2018 2017J

The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.12 $ 20.00Increase (decrease) from operations: Total revenue .50 .09Total expenses (excluding distributions) (.43) (.10)Realized gains (losses) (1.04) .11Unrealized gains (losses) .63 .24Total increase (decrease) from operationsC (.34) .34Distributions: From net investment income (excluding dividends) (.18) –From dividends (.01) –From capital gains – –Return of capital (.87) (.25)Total distributionsC,D (1.06) (.25)Net assets, end of periodC $ 19.72 $ 20.12Ratios and Supplemental Data Net asset value (000s) E $ 793 $ 218Securities outstandingE 40,273 10,822Management expense ratio F,K 2.15% 2.19%Management expense ratio before waivers or absorptions F,K 2.21% 2.24%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 19.7234 $ 20.1185

Fidelity Global Monthly Income Currency Neutral Fund Series E2


The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.19 $ 10.00Increase (decrease) from operations: Total revenue .32 .05Total expenses (excluding distributions) (.23) (.05)Realized gains (losses) (.06) .06Unrealized gains (losses) (.21) .13Total increase (decrease) from operationsC (.18) .19Distributions: From net investment income (excluding dividends) (.09) –From dividends (.01) –From capital gains – –Return of capital – –Total distributionsC,D (.10) –Net assets, end of periodC $ 10.42 $ 10.19Ratios and Supplemental Data Net asset value (000s) E $ 2,300 $ 249Securities outstandingE 221,226 24,401Management expense ratio F,K 2.15% 2.17%Management expense ratio before waivers or absorptions F,K 2.21% 2.22%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.4185 $ 10.1859

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Fidelity Global Monthly Income Currency Neutral Fund Series E2T5


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.13 $ 20.00Increase (decrease) from operations: Total revenue .48 .10Total expenses (excluding distributions) (.40) (.10)Realized gains (losses) .27 .12Unrealized gains (losses) .32 .24Total increase (decrease) from operationsC .67 .36Distributions: From net investment income (excluding dividends) (.21) –From dividends (.02) –From capital gains – –Return of capital (.84) (.25)Total distributionsC,D (1.07) (.25)Net assets, end of periodC $ 19.76 $ 20.13Ratios and Supplemental Data Net asset value (000s) E $ 1 $ 1Securities outstandingE 53 51Management expense ratio F,K 1.95% 2.04%Management expense ratio before waivers or absorptions F,K 2.34% 2.46%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 19.7640 $ 20.1259

Fidelity Global Monthly Income Currency Neutral Fund Series P1


The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.60 $ 10.00Increase (decrease) from operations: Total revenue .38 .37Total expenses (excluding distributions) (.11) (.08)Realized gains (losses) (.29) .18Unrealized gains (losses) (.09) .13Total increase (decrease) from operationsC (.11) .60Distributions: From net investment income (excluding dividends) (.20) (.24)From dividends (.02) (.01)From capital gains – –Return of capital – –Total distributionsC,D (.22) (.25)Net assets, end of periodC $ 10.85 $ 10.60Ratios and Supplemental Data Net asset value (000s) E $ 14,430 $ 1,372Securities outstandingE 1,356,716 129,635Management expense ratio F,G 1.04% 1.05%Management expense ratio before waivers or absorptions F,G 1.07% 1.06%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.8527 $ 10.6011

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Fidelity Global Monthly Income Currency Neutral Fund Series P1T5


The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.17 $ 20.00Increase (decrease) from operations: Total revenue .42 .10Total expenses (excluding distributions) (.21) (.05)Realized gains (losses) .60 .03Unrealized gains (losses) .25 .30Total increase (decrease) from operationsC 1.06 .38Distributions: From net investment income (excluding dividends) (.37) (.05)From dividends (.03) –From capital gains – –Return of capital (.70) (.20)Total distributionsC,D (1.10) (.25)Net assets, end of periodC $ 19.97 $ 20.17Ratios and Supplemental Data Net asset value (000s) E $ 2,733 $ 3,433Securities outstandingE 136,906 170,205Management expense ratio F,K 1.02% 1.05%Management expense ratio before waivers or absorptions F,K 1.04% 1.05%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 19.9670 $ 20.1704



The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.18 $ 10.00Increase (decrease) from operations: Total revenue .31 .04Total expenses (excluding distributions) (.10) (.02)Realized gains (losses) (.23) .04Unrealized gains (losses) (.17) .10Total increase (decrease) from operationsC (.19) .16Distributions: From net investment income (excluding dividends) (.20) (.03)From dividends (.02) –From capital gains – –Return of capital – –Total distributionsC,D (.22) (.03)Net assets, end of periodC $ 10.42 $ 10.18Ratios and Supplemental Data Net asset value (000s) E $ 2,368 $ 426Securities outstandingE 227,855 41,931Management expense ratio F,K .97% .99%Management expense ratio before waivers or absorptions F,K .99% .99%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.4255 $ 10.1846

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The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.18 $ 20.00Increase (decrease) from operations: Total revenue .27 .24Total expenses (excluding distributions) (.19) (.04)Realized gains (losses) 1.18 –Unrealized gains (losses) .74 .15Total increase (decrease) from operationsC 2.00 .35Distributions: From net investment income (excluding dividends) (.39) (.05)From dividends (.03) –From capital gains – –Return of capital (.69) (.20)Total distributionsC,D (1.11) (.25)Net assets, end of periodC $ 20.00 $ 20.18Ratios and Supplemental Data Net asset value (000s) E $ 1 $ 788Securities outstandingE 53 39,026Management expense ratio F,K .93% 1.02%Management expense ratio before waivers or absorptions F,K .95% 1.02%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 20.0012 $ 20.1796


Periods ended March 31, 2018 2017L

The Series’ Net Assets per Security B Net assets, beginning of period C $ 10.21 $ 10.00Increase (decrease) from operations: Total revenue .36 .05Total expenses (excluding distributions) (.09) (.02)Realized gains (losses) .50 .06Unrealized gains (losses) (.82) .14Total increase (decrease) from operationsC (.05) .23Distributions: From net investment income (excluding dividends) (.21) (.03)From dividends (.02) –From capital gains – –Return of capital – –Total distributionsC,D (.23) (.03)Net assets, end of periodC $ 10.45 $ 10.21Ratios and Supplemental Data Net asset value (000s) E $ 1,789 $ 398Securities outstandingE 172,061 39,103Management expense ratio F,M .90% .93%Management expense ratio before waivers or absorptions F,M .92% .93%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 10.4460 $ 10.2067

13



The Series’ Net Assets per Security B Net assets, beginning of period C $ 20.17 $ 20.00Increase (decrease) from operations: Total revenue .19 .10Total expenses (excluding distributions) (.19) (.04)Realized gains (losses) 1.90 .11Unrealized gains (losses) (.53) .25Total increase (decrease) from operationsC 1.37 .42Distributions: From net investment income (excluding dividends) (.39) (.06)From dividends (.03) –From capital gains – –Return of capital (.68) (.19)Total distributionsC,D (1.10) (.25)Net assets, end of periodC $ 20.00 $ 20.17Ratios and Supplemental Data Net asset value (000s) E $ 1 $ 1,011Securities outstandingE 53 50,120Management expense ratio F,K .92% .94%Management expense ratio before waivers or absorptions F,K .92% .94%Trading expense ratioH .06% .06%Portfolio turnover rateI 17.72% 20.37%Net asset value per security, end of period $ 20.0020 $ 20.1750

14


Financial Highlights FootnotesA For the period April 22, 2016 (inception date) to March 31, 2017.B This information is derived from the Fund’s audited annual and/or unaudited interim financial statements. The net assets attributable to securityholders per security presented in the financial statements may differ from the net asset

value calculated for fund pricing purposes. An explanation of these differences can be found in the notes to financial statements. For reporting periods ending after January 1, 2017 per security comparative figures (except for net asset value per security, end of period) have been conformed to the current rounding presentation of two decimal places. As a result, reporting periods ending prior to January 1, 2017 may not foot due to this rounding change.

C Net assets and distributions are based on the actual number of securities outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of securities outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per security.

D Distributions were paid in cash or reinvested in additional securities of the Fund, or both, and excludes any applicable distributions of management fee reduction to securityholders. Distributions are presented based on management’s best estimate of the tax character.

E This information is provided as at period end of the year shown.F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset

values during the period, including the Fund’s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable.G Effective June 30, 2016, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at

any time, at its sole discretion. It is not known when such waivers will be terminated.H The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund’s pro-rata share of estimated

trading costs incurred in any underlying investment fund, if applicable.I The Fund’s portfolio turnover rate indicates how actively the Fund’s portfolio adviser manages its portfolio investments. A portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its

portfolio once in the course of the year. The higher the Fund’s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. For periods greater than six months, but less than a full fiscal year, the portfolio turnover rate is annualized.

J For the period January 6, 2017 (commencement of sale of securities) to March 31, 2017.K Effective January 10, 2017, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at

any time, at its sole discretion. It is not known when such waivers will be terminated.L For the period January 26, 2017 (commencement of sale of securities) to March 31, 2017.M Effective January 30, 2017, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at

any time, at its sole discretion. It is not known when such waivers will be terminated.

15

Management and Advisory FeesFidelity serves as manager and investment advisor of the Fund. The Fund pays Fidelity a monthly management and advisory fee for their services, based on the net asset value of each Series, calculated daily and payable monthly. Fidelity uses these management fees to pay for sales and trailing commissions to registered dealers on the distribution of the Fund securities, as well as for the general investment management expenses. Dealer compensation represents cash commissions paid by Fidelity to registered dealers during the period and includes upfront deferred sales charge and trailing commissions. This amount may, in certain circumstances, exceed 100% of the fees earned by Fidelity during the period. For new Funds or Series the amounts presented may not be indicative of longer term operating periods.

Management Fees

Dealer Compensation

Investment management, administration

and other

Series A 1.950% 98.28% 1.72%

Series B 1.800% 55.56% 44.44%

Series F 0.800% — 100.00%

Series F5 0.800% — 100.00%

Series F8 0.800% — 100.00%

Series T5 1.950% 83.90% 16.10%

Series T8 1.950% 25.13% 74.87%

Series S5 1.800% 55.56% 44.44%

Series S8 1.800% 55.56% 44.44%

Series E1 1.775% 56.34% 43.66%

Series E1T5 1.775% 56.34% 43.66%

Series E2 1.750% 57.14% 42.86%

Series E2T5 1.750% 57.14% 42.86%

Series P1 0.775% — 100.00%

Series P1T5 0.775% — 100.00%

Series P2 0.750% — 100.00%

Series P2T5 0.750% — 100.00%

Series P3 0.725% — 100.00%

Series P3T5 0.725% — 100.00%

16


Past PerformanceThe performance information shown assumes that all distributions made by the Fund in the periods shown were reinvested in additional securities of the Fund. The performance information does not take into account sales, redemption, distribution or other optional charges that would have reduced returns or performance. How the Fund has performed in the past does not necessarily indicate how it will perform in the future.

The performance data shown for the period occurring prior to the commencement of operations of a series P or E is that of the corresponding series F or F5 (for series P) or B or S5 (for series E). Series F, F5, B and S5 have higher combined management and administration fees than the applicable series P and E. Had a series P or E existed since the commencement of operations of series F, F5, B or S5, the returns of the applicable series P or E would have been higher.

Year-by-Year ReturnsThe following bar chart shows the Fund’s annual performance for each of the years shown, and illustrates how the Fund’s performance was changed from year to year. In percentage terms, the bar chart shows how much an investment made on the first day of each financial year would have grown or decreased by the last day of each financial year.

Series A

10

5

0

-5

-10

2018

3.0

2017

7.4

Fiscal Years

(%)

Commencement of Operations is June 28, 2016

Series B

10

5

0

-5

-10

2018

3.1

2017

7.5

Fiscal Years

(%)


Series F

10

5

0

-5

-10

2018

4.4

2017

8.5

Fiscal Years

(%)


Series F5

10

5

0

-5

-10

2018

4.4

2017

8.5

Fiscal Years

(%)


Series F8

10

5

0

-5

-10

2018

4.3

2017

8.5

Fiscal Years

(%)


Series T5

10

5

0

-5

-10

2018

3.0

2017

7.4

Fiscal Years

(%)


17

Series T8

10

5

0

-5

-10

2018

3.0

2017

7.4

Fiscal Years

(%)


Series S5

10

5

0

-5

-10

2018

3.2

2017

7.6

Fiscal Years

(%)


Series S8

10

5

0

-5

-10

2018

3.1

2017

7.5

Fiscal Years

(%)


Series E1

10

5

0

-5

-10

2018

3.2

2017

7.6

Fiscal Years

(%)


Series E1T5

10

5

0

-5

-10

2018

3.3

2017

7.6

Fiscal Years

(%)

Commencement of Operations is January 6, 2017

Series E2

10

5

0

-5

-10

2018

3.3

2017

7.6

Fiscal Years

(%)


Series E2T5

10

5

0

-5

-10

2018

3.5

2017

7.7

Fiscal Years

(%)


Series P1

10

5

0

-5

-10

2018

4.4

2017

8.5

Fiscal Years

(%)


18


Past Performance – continued

Series P1T5

10

5

0

-5

-10

2018

4.4

2017

8.5

Fiscal Years

(%)


Series P2

10

5

0

-5

-10

2018

4.5

2017

8.5

Fiscal Years

(%)


Series P2T5

10

5

0

-5

-10

2018

4.6

2017

8.6

Fiscal Years

(%)


Series P3

10

5

0

-5

-10

2018

4.6

2017

8.5

Fiscal Years

(%)


Series P3T5

10

5

0

-5

-10

2018

4.6

2017

8.6

Fiscal Years

(%)


Annual Compound ReturnsThis table shows the Fund’s historical annual compound total returns for the periods indicated, compared with a broad-based benchmark, the MSCI ACWI (All Country World Index) Index – Hedged CAD, and the Fund’s blended benchmark.Total fund returns are calculated through the last business day of the period on which Canadian markets were open, which was March 29, 2018.

19

Average Annual Total ReturnsPast 1 year

Since Inception

Fidelity Global Monthly Income Currency Neutral Fund – Series A 3.0% 5.9%Fidelity Global Monthly Income Currency Neutral Fund – Series B 3.1% 6.1%Fidelity Global Monthly Income Currency Neutral Fund – Series F 4.4% 7.3%Fidelity Global Monthly Income Currency Neutral Fund – Series F5 4.4% 7.3%Fidelity Global Monthly Income Currency Neutral Fund – Series F8 4.3% 7.3%Fidelity Global Monthly Income Currency Neutral Fund – Series T5 3.0% 5.9%Fidelity Global Monthly Income Currency Neutral Fund – Series T8 3.0% 5.9%Fidelity Global Monthly Income Currency Neutral Fund – Series S5 3.2% 6.1%Fidelity Global Monthly Income Currency Neutral Fund – Series S8 3.1% 6.1%Fidelity Global Monthly Income Currency Neutral Fund – Series E1 3.2% 6.2%Fidelity Global Monthly Income Currency Neutral Fund – Series E1T5 3.3% 6.2%Fidelity Global Monthly Income Currency Neutral Fund – Series E2 3.3% 6.2%Fidelity Global Monthly Income Currency Neutral Fund – Series E2T5 3.5% 6.4%Fidelity Global Monthly Income Currency Neutral Fund – Series P1 4.4% 7.4%Fidelity Global Monthly Income Currency Neutral Fund – Series P1T5 4.4% 7.4%Fidelity Global Monthly Income Currency Neutral Fund – Series P2 4.5% 7.4%Fidelity Global Monthly Income Currency Neutral Fund – Series P2T5 4.6% 7.5%Fidelity Global Monthly Income Currency Neutral Fund – Series P3 4.6% 7.5%Fidelity Global Monthly Income Currency Neutral Fund – Series P3T5 4.6% 7.5%Fidelity Global Monthly Income Currency Neutral Fund Blend Index 6.1% 8.8%MSCI ACWI (All Country World Index) Index – Hedged CAD 10.8% 17.1%

A discussion of the performance of the Fund can be found in the Results of Operations section of this report.

The blended index consists of 40.0% MSCI ACWI (All Country World Index) Index – Hedged CAD, 7.0% FTSE EPRA/NAREIT Developed Index – Hedged CAD, 31.0% Bloomberg Barclays Global Aggregate Bond Index – Hedged CAD, 12.0% ICE BofAML Global High Yield Constrained Index – Hedged CAD, 5.0% J.P. Morgan Emerging Markets Bond Index Global Diversified Index – Hedged CAD and 5.0% ICE BofAML All U.S. Convertibles Index – Hedged CAD.

The MSCI ACWI (All Country World Index) Index is an unmanaged, free float-adjusted, market capitalization-weighted index composed of stocks of companies located in countries throughout the world. It is designed to measure equity market performance in global developed and emerging markets. The FTSE EPRA/NAREIT Developed Index was developed by the European Public Real Estate Association (EPRA), a common interest group aiming to promote, develop and represent the European public real estate sector, and the North American Association of Real Estate Investment Trusts (NAREIT), the representative voice of the U.S. REIT industry. The index series is designed to reflect the stock performance of companies engaged in specific aspects of the North American, European and Asian real estate markets. The Bloomberg Barclays Global Aggregate Bond Index covers the most liquid portion of the global investment-grade fixed-rate bond market, including government, credit and collateralized securities. On August 24, 2016, Bloomberg purchased the Barclays family of benchmark indexes. As part of this transaction, all Barclays benchmark indexes have been co-branded as the Bloomberg Barclays Indices for an initial period of five years. ICE BofAML Global High Yield Constrained Index tracks the performance of USD, CAD, GBP and EUR denominated below investment grade corporate debt publicly issued in the major domestic or Eurobond markets. The Index imposes a fixed limit on the maximum concentration of any individual issuer to 2.0%. The EMBI (Emerging Markets Bond Index) is J.P. Morgan’s index of dollar-denominated sovereign bonds issued by a selection of emerging market countries and is the most widely used and comprehensive emerging market sovereign debt benchmark. The J.P. Morgan Emerging Markets Bond Index Global Diversified Index limits the weights of those index countries with larger debt stocks by only including a specified portion of those countries eligible current face amounts of debt outstanding. ICE BofAML All U.S. Convertibles Index is a market capitalization-weighted index of domestic U.S. corporate convertible securities including mandatory convertible preferreds. In 2017, Intercontinental Exchange acquired the BofAML Global Research FICC Index platform. This has resulted in all Bank of America Merrill Lynch benchmarks being rebranded as ICE BofAML indexes. The BofA Merrill Lynch Global High Yield Constrained Index – Hedged CAD is renamed ICE BofAML Global High Yield Constrained Index – Hedged CAD. The BofA Merrill Lynch All U.S. Convertibles Index – Hedged CAD is renamed ICE BofAML All U.S. Convertibles Index – Hedged CAD.

Each Series will have different returns due to differences in management fees and expenses.

20


Summary of Investment Portfolio as at March 31, 2018Asset Mix

% of Fund’s Net Assets as at

3/31/18


3/31/17

Foreign Equities 43.7 45.7

Foreign Bonds 41.4 43.0

Foreign Preferred Securities 2.8 2.3

Canadian Equities 2.1 2.2

Canadian Bonds 2.0 1.1

Canadian Preferred Securities 0.1 0.0

Exchange Traded Funds 1.9 1.0

Cash and Cash Equivalents 6.2 0.7

Net Other Assets (Liabilities) (0.2) 4.0

Derivative Exposure


3/31/18


3/31/17

Forward Foreign Currency Contracts (0.7) (0.4)

Forward Foreign Currency Contracts percentage is calculated by dividing the net unrealized gain/loss of all contracts held by total net assets.

Geographic Mix


3/31/18


3/31/17

United States of America 44.8 46.2

United Kingdom 7.9 8.1

Japan 6.4 7.7

Canada 4.2 3.3

Netherlands 3.8 3.0

Germany 2.5 3.3

Switzerland 2.4 1.3

France 2.3 1.5

Luxembourg 1.8 1.3

Ireland 1.7 2.6

Spain 1.3 1.2

Belgium 1.1 0.0

Italy 1.0 0.0

Others (Individually Less Than 1%) 12.8 15.7

Cash and Cash Equivalents 6.2 0.7

Net Other Assets (Liabilities) (0.2) 4.0

Maturity Diversification

Years


3/31/18


3/31/17

0 – 1 3.4 1.6

1 – 3 3.4 3.7

3 – 5 6.7 7.6

Over 5 31.1 31.1

Quality Diversification


3/31/18


3/31/17

AAA 7.2 8.0

AA 1.1 0.7

A 4.8 5.0

BBB 7.4 7.7

BB and Below 21.6 22.5

Not Rated 4.2 2.5

Equities 47.7 48.9

Short-Term Investments and Net Other Assets 6.0 4.7

We have used ratings from Moody’s Investors Service, Inc. Where Moody’s® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.

Top Issuers

% of Fund’s Net Assets

1. Fidelity Global Dividend Investment Trust – Series O 39.9

2. Fidelity Global Bond Investment Trust – Series O 26.3

3. Fidelity Global High Yield Investment Trust – Series O 10.5

4. Fidelity Global Real Estate Investment Trust – Series O 6.4

5. Fidelity Convertible Securities Investment Trust – Series O 5.0

6. Fidelity Emerging Markets Debt Investment Trust – Series O 5.07. Fidelity High Income Commercial Real Estate Investment Trust –

Series O 2.0

8. iShares Barclays TIPS Bond ETF 1.9

9. Fidelity Global Intrinsic Value Investment Trust – Series O 1.7

10. Fidelity Floating Rate High Income Investment Trust – Series O 1.0

99.7

Total Fund Net Assets $186,735,000

Where applicable, the information in the above tables includes the Fund’s pro-rata share of the investment in any Fidelity managed underlying fund.

The Fund uses derivatives to try to minimize the exposure to currency fluctuations between foreign currencies in developed markets and the Canadian dollar.

The summary of investment portfolio may change due to ongoing portfolio transactions of the investment fund. The most recent annual report, semi-annual report, quarterly report, fund facts document or simplified prospectus for the investment fund and/or underlying fund is available at no cost, by calling 1-800-263-4077, by writing to us at Fidelity Investments Canada ULC, 483 Bay St. Suite 300, Toronto ON M5G 2N7 or by visiting our web site at www.fidelity.ca or SEDAR at www.sedar.com.

Fidelity’s mutual funds are sold by registered Investment Professionals. Each Fund has a simplified prospectus, which contains important information on the Fund, including its investment objective, purchase options, and applicable charges. Please obtain a copy of the prospectus, read it carefully, and consult your Investment Professional before investing. As with any investment, there are risks to investing in mutual funds. There is no assurance that any Fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investors may experience a gain or loss when they sell their securities in any Fidelity Fund. Fidelity Global Funds may be more volatile than other Fidelity Funds as they concentrate investments in one sector and in fewer issuers; no single Fund is intended to be a complete diversified investment program. Past performance is no assurance or indicator of future returns. There is no assurance that either Fidelity Canadian Money Market Fund, Fidelity U.S. Money Market Fund or Fidelity U.S. Money Market Investment Trust will be able to maintain its net asset value at a constant amount. The breakdown of Fund investments is presented to illustrate the way in which a Fund may invest, and may not be representative of a Fund’s current or future investments. A Fund’s investments may change at any time.

1.9872500 .101 FICL-HGMI-MRFPA -0618

Fidelity Investments Canada ULC483 Bay Street, Suite 300Toronto, Ontario M5G 2N7

Manager, Transfer Agent and RegistrarFidelity Investments Canada ULC483 Bay Street, Suite 300Toronto, Ontario M5G 2N7

CustodianState Street Trust Company of CanadaToronto, Ontario

Portfolio AdviserFidelity Investments Canada ULCToronto, Ontario

Visit us online atwww.fidelity.caor call Fidelity Client Servicesat 1-800-263-4077

62.872500E

®Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC.

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