2014: Important Information for Individuals about Foreign Tax Paid



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Important Tax Information 2014: Important Information for Individuals about Tax Paid The Fidelity funds listed below paid taxes outside the United States on income from foreign investments during 2014. These funds elected to pass through to their shareholders the foreign taxes paid on these investments. If you are a shareholder in one or more of these funds, you may be able to claim a credit or an itemized deduction on your federal tax return for your share of the amount of tax paid to foreign countries. Generally, a tax credit, if available, is more advantageous than a tax deduction. Finding Your Reportable Amount of Tax Paid by Your Fidelity (s) Fidelity reports your share of foreign tax paid by the mutual funds you owned during the year on your 1099 Tax Reporting Statement: For Fidelity Brokerage Accounts Go to the Supplemental Information portion of your Tax Statement, find the Total Ordinary Dividends and Distributions Detail subsection, column 6, in the Details of 1099-DIV Transactions. For Fidelity s (not brokerage) Accounts See Form 1099-DIV, Dividends and Distributions, column 6. Claiming a Tax Deduction To claim foreign tax paid as an itemized deduction, use IRS Form 1040, Schedule A. Claiming a Tax Credit To claim foreign tax paid as a tax credit, note the following: (1) If your total creditable foreign taxes paid are not more than $300 ($600 if married filing jointly) and you meet all the other requirements listed in the IRS Instructions for Form 1040, you may elect to claim a foreign tax credit directly on Form 1040, line 48, without regard to the foreign tax credit limitation and without filing Form 1116, Tax Credit (Individual, Estate, or Trust). This election is not available to estates or trusts. (2) If your total creditable foreign taxes paid are more than $300 ($600 if married filing jointly) or you are otherwise ineligible to take advantage of reporting the foreign tax credit directly on Form 1040, line 48, you generally will be required to file Form 1116, Tax Credit (Individual, Estate, or Trust), with your Form 1040. When completing Form 1116, you may be required to report your share of foreign taxes paid by each fund and your foreign source income received from each fund. to determine your share of foreign source income received from a fund, you can use one of two methods: method 1: To calculate your foreign source income, multiply the Total Ordinary Dividends (1a) amount reported for that fund by the foreign source income percentage shown for that fund on the following pages. this method can only be used if (1) the highest rate of tax imposed on your taxable income (excluding net capital gain and qualified dividend income) is at or below 28%, and (2) your cumulative foreign qualified dividend income and foreign long-term capital gains from all sources are less than $20,000. To calculate your foreign qualified dividend income from a Fidelity fund, multiply the Total Ordinary Dividends (1a) amount reported for that fund by the foreign source qualified dividend percentage shown for that fund on the following pages.

method 1 should also be used if you cannot treat any portion of your foreign dividends as qualified dividends (for example, if you did not satisfy the holding period requirement for qualified dividends). method 2: If you do not satisfy the requirements to use Method 1, you are required to adjust the amount of foreign source income that is attributable to foreign qualified dividends as part of the foreign tax credit calculation on IRS Form 1116. The foreign source income percentage and foreign source qualified dividend percentage for each fund (which are needed for the calculation) are shown on the following pages. Finding Your Ordinary Dividends (1a) Amount per For Fidelity Brokerage Accounts Go to the Supplemental Information portion of your Tax Statement, find the Total Ordinary Dividends and Distributions Detail subsection, column 1a, in the Details of 1099-DIV Transactions. For Fidelity s (not brokerage) Accounts See Form 1099-DIV, Dividends and Distributions, column 1a. Note: If you did not hold your shares for 16 days within the 31-day period beginning 15 days before the ex-dividend date, you may not be eligible to claim a foreign tax credit. For more information on calculating foreign source income attributable to foreign qualified dividends, 1 or about reporting foreign taxes paid more generally, please see the instructions to Form 1116 (http://www.irs.gov/pub/ irs-pdf/i1116.pdf) and the IRS website (http://www.irs.gov/individuals/international-taxpayers/-tax-credit- Compliance-Tips) or IRS Publication 514 (http://www.irs.gov/pub/irs-pdf/p514.pdf) for more information. We suggest that you consult your tax advisor, who is most familiar with your circumstances, to determine how to report foreign taxes paid on your tax return. If you have any questions or need additional information, please visit us on the Web at Fidelity.com/tax, or call our Tax Reporting Line at 800-544-6666. Fidelity Representatives are available 24 hours a day, 7 days a week. 1 dividends are generally dividends on stock from domestic corporations and certain qualified foreign corporations for which certain holding period requirements are satisfied. dividends are taxed at reduced federal income tax rates and those ordinary dividends that may qualify to be taxed at one of those reduced rates are reported as qualified dividends on Form 1099-DIV. Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Fidelity Investments & Pyramid Design logo are registered service marks of FMR LLC. 423896.13 1.468574.121

2014 Fidelity s Income s for Non-Corporate Accounts Name Fidelity Advisor Canada : All Classes Various 100.00% 100.00% Fidelity Advisor China Region : All Classes Various 100.00% 70.91% Fidelity Advisor Diversified International : All Classes (All Distributions) Various 100.00% 100.00% Fidelity Advisor Emerging Asia : All Classes Various 100.00% 89.81% Fidelity Advisor Emerging Europe, Middle East, Africa (EMEA) : All Classes Various 100.00% 100.00% Fidelity Advisor Emerging Markets : All Classes Various 100.00% 100.00% Fidelity Advisor Emerging Markets Income : All Classes Various 99.04% 0.00% Fidelity Advisor Europe Capital Appreciation : All Classes Various 100.00% 100.00% Fidelity Advisor Europe : All Classes (All Distributions) Various 100.00% 100.00% Fidelity Advisor Global Commodity Stock : All Classes Various 100.00% 82.76% Fidelity Advisor Global Equity Income : All Classes (All Distributions) Various 65.85% 67.73% Fidelity Advisor Global Strategies : All Classes (Distribution July 3, 2014) Various 66.91% 36.98% Fidelity Advisor Global Strategies : All Classes (Distribution December 29, 2014) Various 37.84% 31.25% Fidelity Advisor International Capital Appreciation : All Classes Various 100.00% 100.00% Fidelity Advisor International Discovery : All Classes Various 100.00% 100.00% Fidelity Advisor International Growth : All Classes Various 100.00% 100.00% Fidelity Advisor International Real Estate : All Classes (Distribution September 12, 2014) Various 100.00% 42.12% Fidelity Advisor International Real Estate : All Classes (Distribution December 19, 2014) Various 23.26% 5.91% Fidelity Advisor International Small Cap : All Classes Various 100.00% 100.00% Fidelity Advisor International Small Cap Opportunities : All Classes Various 100.00% 100.00% Fidelity Advisor International Value : All Classes Various 100.00% 98.88% Fidelity Advisor Japan : All Classes Various 100.00% 100.00% Fidelity Advisor Latin America : All Classes (All Distributions) Various 100.00% 74.68% Fidelity Advisor Overseas : All Classes Various 100.00% 100.00% Fidelity Advisor Total Emerging Markets : All Classes Various 100.00% 68.36% Fidelity Advisor Total International Equity : All Classes Various 100.00% 100.00% Fidelity Canada 309 100.00% 100.00% Fidelity China Region 352 100.00% 70.91% Fidelity Diversified International 325 100.00% 100.00% Fidelity Emerging Asia 351 100.00% 98.99% Fidelity Emerging Europe, Middle East, Africa (EMEA) 2053 100.00% 100.00%

Name Fidelity Emerging Markets (All Distributions) 322 100.00% 100.00% Fidelity Europe Capital Appreciation 341 100.00% 100.00% Fidelity Europe (All Distributions) 301 100.00% 100.00% Fidelity Four-in-One Index (Distribution April 11, 2014) 355 0.00% 0.00% Fidelity Four-in-One Index (Distribution December 29, 2014) 355 37.15% 32.13% Fidelity Global Commodity Stock 2120 100.00% 82.76% Fidelity Global Equity Income (All Distributions) 2406 85.89% 68.86% Fidelity Global Strategies (Distribution July 3, 2014) 1960 66.91% 36.98% Fidelity Global Strategies (Distribution December 29, 2014) 1960 37.84% 31.25% Fidelity International Capital Appreciation 335 100.00% 100.00% Fidelity International Discovery 305 100.00% 100.00% Fidelity International Enhanced Index (Distribution April 11, 2014) 2010 100.00% 100.00% Fidelity International Enhanced Index (Distribution December 12, 2014) 2010 100.00% 95.40% Fidelity International Growth 1979 100.00% 100.00% Fidelity International Real Estate (Distribution September 12, 2014) 1368 100.00% 42.12% Fidelity International Real Estate (Distribution December 5, 2014) 1368 23.26% 5.91% Fidelity International Small Cap 818 100.00% 100.00% Fidelity International Small Cap Opportunities 1504 100.00% 100.00% Fidelity International Value 1597 100.00% 98.88% Fidelity Japan 350 100.00% 100.00% Fidelity Japan Smaller Companies 360 100.00% 100.00% Fidelity Latin America (All Distributions) 349 100.00% 74.68% Fidelity New Markets Income 331 93.83% 0.00% Fidelity Overseas (All Distributions) 094 100.00% 100.00% Fidelity Pacific Basin 302 100.00% 100.00% Fidelity Total Emerging Markets 2369 100.00% 68.36% Fidelity Total International Equity 1978 100.00% 100.00% Spartan Emerging Markets Index : All Classes Various 100.00% 56.73% Spartan Global ex U.S. Index : All Classes (All Distributions) Various 100.00% 82.69% Spartan International Index : All Classes (Distribution April 11, 2014) Various 100.00% 100.00% Spartan International Index : All Classes (Distribution December 19, 2014) Various 96.29% 80.26% Strategic Advisers Emerging Markets 2261 100.00% 86.48%

Name Strategic Advisers Emerging Markets of s: All Classes Various 100.00% 94.80% Strategic Advisers International (Distribution April 11, 2014) 1557 96.05% 98.19% Strategic Advisers International (Distribution December 29, 2014) 1557 100.00% 91.62% Strategic Advisers International II (All Distributions) 1848 100.00% 100.00% Strategic Advisers International Multi-Manager : All Classes (All Distributions) Various 100.00% 100.00% Strategic Advisers Multi-Manager 2005 (All Distributions) 2496 28.82% 28.71% Strategic Advisers Multi-Manager 2010 (All Distributions) 2497 30.28% 30.15% Strategic Advisers Multi-Manager 2015 (All Distributions) 2498 39.10% 38.93% Strategic Advisers Multi-Manager 2020 (All Distributions) 2499 39.88% 39.70% Strategic Advisers Multi-Manager 2025 (All Distributions) 2500 47.30% 47.08% Strategic Advisers Multi-Manager 2030 (All Distributions) 2501 46.46% 46.28% Strategic Advisers Multi-Manager 2035 (All Distributions) 2502 46.70% 46.51% Strategic Advisers Multi-Manager 2040 (All Distributions) 2503 48.95% 48.75% Strategic Advisers Multi-Manager 2045 (All Distributions) 2504 47.88% 47.68% Strategic Advisers Multi-Manager 2050 (All Distributions) 2505 48.64% 48.46% Strategic Advisers Multi-Manager 2055 (All Distributions) 2506 49.77% 49.53% Strategic Advisers Multi-Manager Income (All Distributions) 2495 36.85% 36.69%