*Effective April 4, 2023. For the Pools, the amount of the fee reduction is based on the amount invested in each Pool and begins on the first dollar over $250,000 invested. The table above outlines the different tiers and fee reductions available. Fee reductions apply only on that portion of assets that fall within the specified tier. For example, if an investor holds $1 million in Series B shares of an equity Pool, then the reductions apply as follows: zero for the first $250,000 in assets; five basis points on that portion of assets above $250,000 and below $500,000; and ten basis points on that portion of assets greater than $500,000 up to $1 million. Please reference the Pool’s Prospectus for Private Investment Program financial grouping rules.
Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund’s or ETF’s prospectus, which contains detailed investment information, before investing. Mutual funds and ETFs are not guaranteed. Their values change frequently, and investors may experience a gain or a loss. Past performance may not be repeated.
The statements contained herein are based on information believed to be reliable and are provided for information purposes only. Where such information is based in whole or in part on information provided by third parties, we cannot guarantee that it is accurate, complete or current at all times. It does not provide investment, tax or legal advice, and is not an offer or solicitation to buy. Graphs and charts are used for illustrative purposes only and do not reflect future values or returns on investment of any fund or portfolio. Particular investment strategies should be evaluated according to an investor’s investment objectives and tolerance for risk. Fidelity Investments Canada ULC and its affiliates and related entities are not liable for any errors or omissions in the information or for any loss or damage suffered.
A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the ACB goes below zero. Investors should not confuse this cash-flow distribution with a fund’s rate of return or yield. While investors in Fidelity’s tax-efficient series (Fidelity Tax-Smart CashFlow™) will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. Fidelity Tax-Smart CashFlow™ will also pay a year-end distribution that must be reinvested in additional securities of the applicable fund.
Certain Class Funds are closed to new purchases and switches for registered plans, except for existing systematic transactions. Certain other Class Funds are not recommended for registered plan investors and registered plan investors should consider the trust fund equivalent for these Class Funds instead. Registered plan investors should also be aware that certain Class Funds may, from time to time bear an income tax expense which will reduce returns. Please read the fund facts for further details.
“Fidelity Investments” and/or “Fidelity” refers collectively to: i) FMR LLC, a U.S. company, and certain subsidiaries, including Fidelity Management & Research Company LLC (“FMR”) and Fidelity Management & Research (Canada) ULC (“FMR-Canada”), which carries on business in British Columbia as FMR Investments Canada ULC; and ii) Fidelity Investments Canada ULC (“FIC”) and its affiliates. FMR-Canada commenced business in Ontario on February 1, 2018. FMR-Canada is registered as a portfolio manager with the Ontario Securities Commission and as a portfolio manager with the other Canadian securities commissions. The scope of FMR-Canada’s business is currently limited to offering the Global Asset Allocation (“GAA”) strategies through a discrete portfolio management team at FMR-Canada. The GAA strategies are offered by FMR-Canada on a sub-advised basis to accounts advised by FIC, with FMR-Canada acting as either direct sub-adviser to FIC or as sub-sub-adviser through non-Canadian Fidelity advisers, including (and principally) U.S. SEC-registered investment advisers, such as FMR. FMR-Canada does not offer these strategies directly to investors in Canada. FMR-Canada has also registered “Fidelity Investments” as a trade name in Canada.