Sector Investing

Fidelity Institutional Asset Management is one of the largest investment management organizations serving the U.S. institutional marketplace.* It works with financial advisors and advisory firms, offering them resources to help investors plan and achieve their goals; it also works with institutions and consultants to meet their varying and custom investment needs. *Fidelity Institutional Asset Management is a division of Fidelity Investments, with assets under administration of $5.2 trillion, including assets under management of $2.0 trillion as of March 31, 2016. Sector funds can be more volatile because of their narrow concentration in a specific industry. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact your investment professional or visit for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.