Insurance and Fidelity Bonds coverage on each exchange.

You may want to consult your tax adviser about your situation. Because of their narrow focus, sector funds may be more volatile than funds that diversify across many sectors. The ability to enter a transaction with another firm and still maintain a relationship with Fidelity Investments as a custodian of the original collateralized position. Small-cap stocks are generally more volatile than large-cap stocks. Please be sure you understand the tax consequences of any withdrawal from the plan. If a court of competent jurisdiction deems any provision unenforceable, that provision will be enforced to the maximum extent permissible, and the remaining provisions will remain in full force and effect. Insurance and Fidelity Bonds coverage on each exchange. We maintain security on the Fidelity Brokerage Company platform, removing any perception that the external provider may borrow the stock. Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

Investments in mid-sized companies may involve greater risks than those of larger, more well-known companies, but may be less volatile than investments in smaller companies. Units of the Portfolios are municipal securities and may be subject to market volatility and fluctuation. These risks include political and economic uncertainties of foreign countries, as well as the risk of currency fluctuations. Additional fees apply to a brokerage account, please refer to the fact sheet or commission schedule for a complete listing of brokerage fees. It is therefore important to evaluate mutual fund returns in the light of the amount of risk mutual fund managers take to deliver the return.

Do I plan on leaving these savings to a beneficiary? If so, check to see if the choices for withdrawal options are limited.