Fidelity Canadian Growth Company Fund

Investment Strategy

Fidelity Canadian Growth Company Fund delivers superior long-term growth potential by focusing on the best growth opportunities in Canada and abroad.

Performance

Annual compound performance – as at 31-Dec-2011

  Fund Morningstar
Quartile*		 Benchmark
1 month -0.45% 2 -0.93%
3 month 2.17% 4 5.32%
6 month -8.51% 2 -5.77%
1 year -8.96% 2 -4.85%
2 year 3.34% 1 4.66%
3 year 9.53% 2 11.56%
5 year -1.42% 2 -1.18%
7 year 1.93% 3 3.17%
10 year 3.80% 2 5.67%
YTD -8.96% 2 -4.85%
Since Inception 8.93% — 7.37%

Calendar year performance – as at 31-Dec-2011

Growth of $10,000 since inception – as at 31-Jan-2012

Fund risk measures – as at 31-Dec-2011
  Fund Benchmark
Annual Standard Deviation 13.26 13.13
Beta 0.97 —
R² 0.92 —

Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.)

Volatility meter

The volatility meter uses methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. The Task Force prescribes risk assessment based on historical volatility risk as measured by the standard deviation of fund performance. The Task Force also acknowledges that other types of measurable and nonmeasurable risk may exist. The Task Force reminds investors that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.

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Fund facts

NAVPU – Series B

$29.50 – as at 06-Feb-2012

Fund inception date

12-Jul-1994

Fund benchmark

70% S&P/TSX Capped Composite Index and 30% S&P 500 Index

Fund aggregate assets (all series)

$796.7 million
as at 31-Jan-2012

Management expense ratio - Series B

2.28% – as at 30-Jun-2011

Quarterly Top Ten Holdings
CGI, Cl. A, Sub Vtg  
Manulife  
Loblaw  
TIM HORTONS INC (CANA)  
Microsoft  
Wal-Mart  
Goodrich  
MOTOROLA MOBILITY HOLDINGS I  
TransCanada Corp.  
Alimentation Couche-Tard, Cl. B, Sub Vtg  
Total number of holdings 76
Top 10 holdings aggregate 41.4%
Allocation to funds

Asset mix

Sector mix

Footnotes and disclosures

* ©2011 Morningstar Research Inc. All rights reserved. For greater detail see www.morningstar.ca. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any changes or losses arising from any use of this information.

**Prior to October 1, 2008, the Fund’s benchmark was the S&P/TSX Completion Index. Prior to March 16, 2007, the benchmark was a blend of the S&P/TSX Small Cap Index and S&P/TSX Mid Cap Combined Index. Prior to May 1, 2002, the benchmark was a blend of the TSE Small Cap Index and the TSE Mid Cap Index. Prior to May 1, 2000, the benchmark was the TSE 200 Index.

 The indicated rates of return are the historical annual compounded total returns including changes in unit value and the reinvestment of all distributions and do not take into account sales, redemption, distribution, optional charges, or income taxes payable by any securityholder that would have reduced returns.

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