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John F. Sweeney John Sweeney
Moderator, Executive Vice President
Fidelity Investments
Ron Baron Ron Baron
CEO, CIO, Portfolio Manager, Trustee
Baron Capital Group
Bill Nygren Bill Nygren
Partner and Portfolio Manager
The Oakmark Funds
Tad Rivelle Tad Rivelle
Chief Investment Officer-Fixed Income
The TCW Group
John D. Roth John D. Roth
Portfolio Manager
Fidelity Investments
Jamie Stuttard Jamie Stuttard
Portfolio Manager
Fidelity Investments
Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
The views and opinions expressed by the Fidelity and outside speakers are their own and do not necessarily represent the views of Fidelity Investments or its affiliates. Any such views are subject to change at any time based on market or other conditions, and Fidelity disclaims any responsibility to update such views. These views should not be relied on as investment advice, and, because investment decisions are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity product. Neither Fidelity nor the outside speakers can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial adviser for additional information concerning your specific situation.

The stocks mentioned are not necessarily holdings invested in by FMR LLC. References to specific company stocks should not be construed as recommendations or investment advice.
The top 10 holdings of the Oakmark fund were Bank of America (3.1%), JPMorgan Chase (2.6 %), Capital One Financial (2.5%), American Intl Group (2.4%), FedEx (2.4%), Oracle (2.3%), Texas Instruments (2.3%), Intel (2.3%), TE Connectivity (2.3%), and Medtronic (2.2%).
Leverage can magnify the impact of adverse issuer, political, regulatory, market, or economic developments on a company.
As with all your investments through Fidelity, you must make your own determination as to whether an investment in any particular security or securities is consistent with your investment objectives, risk tolerance, financial situation, and your evaluation of the security. Fidelity is not recommending or endorsing any investment by making it available to its customers.
Investments in mid-sized companies may involve greater risks than those in larger, more well-known companies, but may be less volatile than investments in smaller companies.

Past performance is no guarantee of future results.
Diversification and asset allocation do not ensure a profit or guarantee against loss.
In general, the bond market is volatile, and fixed income securities carry interest rate risk, inflation risk, liquidity risk, call risk, and 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. While it may seem appealing to look at bonds that offer higher yields, investors should consider those higher yields to be a sign of potentially greater default, and credit and call risk.
Investments in mortgage securities are subject to the risk that principal will be repaid prior to maturity. As a result, when interest rates decline, gains may be reduced, and when interest rates rise, losses may be greater.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risk, including the loss of principal.
Foreign markets can be more volatile than U.S. markets due to increased risks of adverse issuer, political, market, or economic developments, all of which are magnified in emerging markets. These risks are particularly significant for funds that focus on a single country or region.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
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