Press release

Fidelity Announces Lineup of 500+ Commission-Free ETFs, Continuing Commitment to Provide Even Greater Value to Clients

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Fidelity Investments®, one of the largest and most
diversified financial services providers with $7.6 trillion in client
assets, today announced full availability of its expanded
commission-free ETF platform
for investors and advisors, with the
addition of 11 new ETF manufacturers.

By adding nearly 150 ETFs from some of the industry’s largest providers
alongside its suite of Fidelity-managed ETFs and hundreds of available
iShares funds, Fidelity now offers more than 500 high-quality ETFs for
purchase commission-free online. The expanded platform helps clients –
representing 28 million brokerage accounts across Fidelity’s retail and
institutional businesses – create diversified portfolios that help meet
their investment goals. The new ETF manufacturers added to the platform
include: American Century®, First Trust, Franklin Templeton,
Goldman Sachs Asset Management, Invesco, Janus Henderson, John Hancock
Investments, J.P. Morgan Asset Management, Legg Mason Global Asset
Management, PIMCO and State Street Global Advisors SPDR ETFs.

ETFs in the lineup are competitively priced, with an average expense
ratio of 0.36%1, and represent 69 Morningstar categories.
Industry assets under management in Fidelity’s available commission-free
ETFs account for 40% of the overall U.S. ETF market2.
Fidelity has more than $450 billion in ETF client assets under
administration3.

“Fidelity’s commission-free ETF platform delivers on the choice and
simplicity that our customers expect, with a focus on high-quality ETFs
from leading providers that will make it even easier for investors and
advisors to help build the right portfolios for their needs,” said
Anthony Rochte, head of Fidelity Institutional’s investments &
technology group. “With these new ETFs, our ZERO index funds for retail
investors and significantly reduced pricing on our index funds alongside
our award-winning research, investing tools and customer service, we
believe our value is unmatched in the industry.”

Fidelity not only delivers some of the most competitively priced ETFs in
the industry, customers also have access to extensive educational
resources and research tools such as ETF screeners, which help them
research ETFs using a range of criteria (e.g., searching by specific
themes such as artificial intelligence, health care, social
responsibility and more).

To learn more about Fidelity’s expanded commission-free ETF lineup,
please visit https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/all-commission-free-ETFs.pdf.

About Fidelity Investments
Fidelity’s mission is to inspire
better futures and deliver better outcomes for the customers and
businesses we serve. With assets under administration of $7.6 trillion,
including managed assets of $2.7 trillion as of April 30, 2019, we focus
on meeting the unique needs of a diverse set of customers: helping more
than 30 million people invest their own life savings, 22,000 businesses
manage employee benefit programs, as well as providing more than 13,500
financial advisory firms with investment and technology solutions to
invest their own clients’ money. Privately held for more than 70 years,
Fidelity employs more than 40,000 associates who are focused on the
long-term success of our customers. For more information about Fidelity
Investments, visit https://www.fidelity.com/about.

Free commission offer applies to online purchases of select ETFs in a
Fidelity brokerage account. The sale of ETFs is subject to an activity
assessment fee (from $0.01 to $0.03 per $1,000 of principal).

ETFs are subject to market fluctuation and the risks of their
underlying investments. ETFs are subject to management fees and other
expenses. Unlike mutual funds, ETF shares are bought and sold at market
price, which may be higher or lower than their NAV, and are not
individually redeemed from the fund.

FBS receives compensation from the fund’s advisor or its affiliates in
connection with a marketing program that includes the promotion of this
security and other ETFs to customers (“Marketing Program”). The
Marketing Program creates incentives for FBS to encourage the purchase
of certain ETFs. Additional information about the sources, amounts, and
terms of compensation is in the ETF’s prospectus and related documents.
Please note that this security will not be marginable for 30 days from
the settlement date, at which time it will

automatically become eligible for margin collateral.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor
and/or its affiliates in connection with an exclusive long-term
marketing program that includes promotion of iShares ETFs and inclusion
of iShares funds in certain FBS platforms and investment programs.
Please note, this security will not be marginable for 30 days from the
settlement date, at which time it will automatically become eligible for
margin collateral. Additional information about the sources, amounts,
and terms of compensation can be found in the ETF’s prospectus and
related documents. Fidelity may add or waive commissions on ETFs without
prior notice. BlackRock and iShares are registered trademarks of
BlackRock Inc., and its affiliates.

Fidelity now offers the Fidelity ZERO Total Market Index Fund (FZROX),
Fidelity ZERO International Index Fund (FZILX), Fidelity ZERO Large Cap
Index Fund (FNILX), and Fidelity ZERO Extended Market Index Fund (FZIPX)
available to individual retail investors who purchase their shares
through a Fidelity brokerage account.

Fidelity, Fidelity Investments, Fidelity Investments and the pyramid
logo are registered service marks of FMR LLC. BlackRock and iShares are
registered trademarks of BlackRock, Inc. and its affiliates.

Investing involves risks, including the loss of principal.

Before investing in any mutual fund or exchange-traded product,
you should consider its investment objectives, risks, charges and
expenses. Contact Fidelity for a prospectus, offering circular, or, if
available, a summary prospectus containing this information. Read it
carefully.

Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street,
Smithfield, RI 02917

Fidelity Investments Institutional Services Company, Inc. 500 Salem
Street, Smithfield, RI 02917

National Financial Services LLC, Member NYSE, SIPC, 200 Seaport
Boulevard, Boston, MA 02110

887187.1.0

© 2019 FMR LLC. All rights reserved

1 Net average expense ratio; does not include any waivers or
reimbursements, see each fund’s prospectus for its expense ratio and any
additional details
2 Source: Bloomberg, as of May 8, 2019
3
As of April 30, 2019