Fidelity Far East Fund

Fidelity Far East Fund nnual Management Report of Fund Performance March 31, 2016

Caution Regarding Forward-looking Statements Certain portions of this report, including, but not limited to, Results of Operations and Recent Developments, may contain forward-looking statements about the Fund, including its strategy, risks, expected performance and condition. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as expects, anticipates, intends, plans, believes, estimates and similar forward-looking expressions or negative versions thereof. In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future Fund action, is also a forward-looking statement. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about the Fund and economic factors. ccordingly, assumptions concerning future economic and other factors may prove to be incorrect at a future date. Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied in any forward-looking statements made by the Fund. ny number of important factors could contribute to these digressions, including, but not limited to, general economic, political and market factors in North merica and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, and catastrophic events. It should be stressed that the above-mentioned list of important factors is not exhaustive. You are encouraged to consider these and other factors carefully before making any investment decisions and you are urged to avoid placing undue reliance on forward-looking statements. Further, you should be aware of the fact that the Fund has no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, prior to the release of the next Management Report of Fund Performance.

nnual Management Report of Fund Performance as at March 31, 2016 Fidelity Far East Fund This annual management report of fund performance contains financial highlights but does not contain the complete annual financial statements for the investment fund. You can get a copy of the annual financial statements at your request, and at no cost, by calling 1-800- 263-4077, by writing to us at Fidelity Investments, 483 Bay St. Suite 300, Toronto ON M5G 2N7 or by visiting our website at www.fidelity.ca or SEDR at www.sedar.com. Security holders may also contact us using one of these methods to request a copy of the investment fund s proxy voting policies and procedures, proxy voting disclosure record or quarterly portfolio disclosure relating to the investment fund. Management Discussion of Fund Performance Investment Objective and Strategies Investment Objective: Fidelity Far East Fund (Fund) aims to achieve long-term capital growth by investing primarily in equity securities of companies located or operating in Southeast sia. These countries include ustralia, Hong Kong, India, Indonesia, Malaysia, New Zealand, the People s Republic of China, the Philippines, Singapore, South Korea, Taiwan and Thailand. Strategies: When buying and selling securities for the Fund, the portfolio manager examines each company s potential for success in light of its current financial condition, its industry position and economic and market conditions. The portfolio manager considers factors such as growth potential, earnings estimates and quality of management. The Fund may invest in small, medium and large companies. The Fund may hold cash and invest in fixed-income securities. Risk The risks associated with investing in the Fund remain as discussed in the prospectus. ny changes to the Fund over the review period have not affected the overall level of risk of the Fund. The Fund is suitable for long-term investors who want to gain exposure to Southeast sian companies and who can handle the volatility of returns generally associated with equity investments. To invest in the Fund, an investor should be able to accept a high level of risk. The suitability of the investment has not changed from what has been disclosed in the prospectus. Results of Operations Fidelity Far East Fund, Series B, returned -7.1%, after fees and expenses, for the one-year period ended March 31, 2016. The net returns of the other series of this Fund are similar to those of Series B, except for differences attributable to expense structures. Market overview: Global equities, as represented by the MSCI World Index, returned -1.4% (in Canadian dollar terms). Global equities fell during the period amid concerns about the economic slowdown in China and the implications it would have for global growth. The Fund underperformed the broad global equity markets primarily due to its exposure to markets in China and Taiwan. Chinese equities plunged after that country s regulators issued new rules earlier in the review period to limit margin trading and short selling. Weak economic data and the devaluation of Chinese currency further dampened investor sentiment. Taiwan s equity market dropped due to its slowing economy, and declining demand for its technology products in international markets. dditionally, the Fund s lack of exposure to the U.S. market, in line with its mandate, detracted from the Fund s returns. The U.S. was among the strongest performing markets, supported by encouraging economic data and news of the central banks in Europe and China increasing efforts to boost weak economies. Factors affecting performance: The Fund s benchmark, the MSCI C (ll Country) Far East ex Japan Index, returned -9.6% for the one-year period under review. The Fund outperformed its benchmark primarily due to its holdings in the consumer discretionary and utilities sectors. In the consumer discretionary sector, Techtronic Industries and Shenzhou International Group were among the top individual contributors. In the utilities sector, Korea Electric Power and Guangdong Investments both contributed to relative performance. In contrast, the Fund s investments in the telecommunication services sector detracted from relative performance, led by its position in SK Telecom. t the end of the review period, the Fund did not have any exposure to the stock. Portfolio changes: During the review period, portfolio manager Eileen Dibb increased exposure to the consumer staples and consumer discretionary sectors. In the consumer staples sector, a position was initiated in Korea Tobacco and Ginseng Corporation, as the portfolio manager believes that increased cigarette prices will boost the company s earnings performance. dditionally, exposure was increased to LG Household & Healthcare, which is expected to benefit from expansion in markets such as China and South Korea. In the consumer discretionary sector, exposure was increased 1

Fidelity Far East Fund Management Discussion of Fund Performance continued to Shenzhou International and Techtronic Industries. Shenzhou International is expected to benefit from strong sales growth momentum in its sportswear and casual wear businesses, while Techtronic Industries is expected to generate good long-term returns due to a strong product lineup and growth in international markets. In contrast, exposure was reduced to the industrials sector by selling positions in capital goods companies such as CRRC Corp. Earnings at CRRC were expected to slow on less rail infrastructure spending in China. Exposure was also reduced to the financials sector, particularly banking stocks, as the outlook for global growth slowed and declining interest rates pressured margins. t a geographic level, the Fund s exposures to South Korea and the Philippines were increased during the period, while exposure to China was reduced. The Fund s country positioning is corollary to the portfolio manager s fundamental stock selection process. During the review period, the Fund s assets decreased from $545.0 million to $419.8 million. The decrease in assets was attributable to the Fund s negative return as well as asset outflows. The impact of these flows on the Fund was largely mitigated by the execution of planned and orderly transactions. Recent Developments Portfolio manager Eileen Dibb remains positive about sian markets and continues to find attractive investment opportunities in the region. Despite the slowdown in China, the Far East region is still one of the fastest growing regions of the world. The portfolio manager suggests that actions by the Chinese government to support its economic growth with fiscal stimulus over Q1 16 may provide at least a temporary reprieve from further slowing growth in the region, despite the challenge of reducing capacity in key areas of the Chinese economy such as steel production. She believes that, in the long run, equilibrium in the region will depend on efficient and sustainable intra-regional trade that supports the nascent sian consumer sector. She thinks that these themes will continue to provide opportunities for investment. Regardless of the macro-economic environment, Ms. Dibb s aim of picking best-in-class companies driven by strong fundamentals and prospects for long-term secular growth is helping her navigate through market volatility. She is positive on the Philippines and India, as these provide attractive investment opportunities, given their strong economic growth. Moving forward, Ms. Dibb is constructive on her outlook for the sia Pacific region despite near-term headwinds and will continue to focus on bottom up stock selection to find attractive investment opportunities in the region t the end of the review period, the Fund had its highest absolute exposure to the information technology sector. The Fund deviated the most from benchmark weightings by having a higher exposure to the consumer discretionary sector and a lower exposure to the financials sector. In terms of country exposures, the Fund had its highest absolute exposure to China (Hong Kong) and its lowest absolute exposure to India. 2

Related Party Transactions Manager and Portfolio dviser The Fund is managed by Fidelity Investments Canada ULC (Fidelity). Fidelity is part of a broader group of companies collectively known as Fidelity Investments. Fidelity provides or arranges for the provision of all general management and administrative services required by the Fund in its day to day operations, bookkeeping, record keeping and other administrative services for the Fund. Fidelity provides investment advice to the Fund. Fidelity has entered into a sub-advisory agreement with Fidelity Institutional sset Management Trust Company, an affiliate of Fidelity, to provide investment advice with respect to all or a portion of the investments of the Fund. Fidelity provides investment advice with respect to the Fund s investment portfolio and arranges for the acquisition and disposition of portfolio investments, including all necessary brokerage arrangements. The Fund pays Fidelity a monthly management and advisory fee for their services, based on the net asset value of each Series, calculated daily and payable monthly. The Fund paid Fidelity management and advisory fees of $7,005,000 for the period ended March 31, 2016. dministration Fee Fidelity charges the Fund a fixed administration fee in place of certain variable expenses. Fidelity, in turn, pays all of the operating expenses of the Fund, other than certain specified fund costs (e.g. the fees and expenses of the Independent Review Committee, taxes, brokerage commissions and interest charges). The Fund pays an annual rate, which is calculated on a tiered basis, based on the net asset value of each Series, calculated daily and payable monthly. The Fund paid Fidelity administration fees of $1,124,000 for the period ended March 31, 2016. Brokerage Commissions The Fund may place a portion of its portfolio transactions with brokerage firms which are affiliates of Fidelity, including National Financial Services LLC, provided it determines that these affiliates trade execution abilities and costs are comparable to those of non affiliated, qualified brokerage firms, on an execution only basis. Commissions paid to brokerage firms that are affiliates of Fidelity were less than $500 for the period ended March 31, 2016. Fidelity receives standing instructions from the IRC in respect of policies and procedures governing best execution of transactions with affiliates, which includes brokers affiliated to Fidelity, at least once per year. 3

Financial Highlights The following tables show selected key financial information about the Fund and are intended to help you understand the Fund s financial performance for the period end of the years shown. This information is derived from the Fund s audited annual and/or unaudited semi-annual financial statements. Please see the front page for information about how you can obtain the Fund s annual or semi-annual financial statements. Fidelity Far East Fund Series Periods ended March 31, 2016 2015 2014 2013 2012 The Series Net ssets per Unit Net assets, beginning of period B $ 45.2583 $ 37.4909 $ 36.6367 $ 32.7266 $ 35.1692 Increase (decrease) from operations: Total revenue 1.4859.9042.8579.7674.8345 Total expenses (excluding distributions) (1.3055) (1.2500) (1.3501) (.8824) (.8682) Realized gains (losses) 2.6981 3.5376 3.2466 1.5389 1.0017 Unrealized gains (losses) (6.1294) 5.9669 (.0530) 2.2150 (2.9056) Total increase (decrease) from operations B (3.2509) 9.1587 2.7014 3.6389 (1.9376) Distributions: From net investment income (excluding dividends) (.3604) (.0556) (.0495) From dividends (.0549) From capital gains (.4150) (1.6838) (1.9183) (.5949) Return of capital Total distributions B,C (.7754) (1.7394) (1.9678) (.6498) Net assets, end of period B $ 41.2334 $ 45.2583 $ 37.4909 $ 36.5627 $ 32.7266 Ratios and Supplemental Data Net asset value (000s) D $ 26,874 $ 37,380 $ 41,788 $ 61,870 $ 64,437 Units outstanding D 652,456 825,921 1,113,460 1,688,751 1,966,639 Management expense ratio E 2.56% 2.62% 2.66% 2.64% 2.62% Management expense ratio before waivers or absorptions E 2.63% 2.66% 2.66% 2.64% 2.62% Trading expense ratio F.16%.32%.74%.49%.30% Portfolio turnover rate G 40% 59% 119% 93% 82% Net asset value per unit, end of period $ 41.2229 $ 45.2581 $ 37.4911 $ 36.6367 $ 32.7653 This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. B Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. C Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. D This information is provided as at period end of the year shown. E Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. F The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. G The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 4

Fidelity Far East Fund Series B Periods ended March 31, 2016 2015 2014 2013 2012 The Series Net ssets per Unit Net assets, beginning of period B $ 45.5106 $ 37.6967 $ 36.8383 $ 32.8365 $ 35.2833 Increase (decrease) from operations: Total revenue 1.4738.8863.8333.7674.8277 Total expenses (excluding distributions) (1.2111) (1.1620) (1.2602) (.8077) (.7964) Realized gains (losses) 2.7216 3.5179 3.1501 1.5704.9674 Unrealized gains (losses) (6.2868) 6.4261.1431 2.2373 (2.7719) Total increase (decrease) from operations B (3.3025) 9.6683 2.8663 3.7674 (1.7732) Distributions: From net investment income (excluding dividends) (.4076) (.0587) (.0522) From dividends (.0605) From capital gains (.4695) (1.7775) (2.0247) (.6557) Return of capital Total distributions B,C (.8771) (1.8362) (2.0769) (.7162) Net assets, end of period B $ 41.4640 $ 45.5106 $ 37.6967 $ 36.7639 $ 32.8365 Ratios and Supplemental Data Net asset value (000s) D $ 277,526 $ 348,268 $ 311,306 $ 327,389 $ 320,998 Units outstanding D 6,692,291 7,649,536 8,254,065 8,887,204 9,764,104 Management expense ratio E 2.35% 2.39% 2.42% 2.42% 2.41% Management expense ratio before waivers or absorptions E 2.41% 2.42% 2.42% 2.42% 2.41% Trading expense ratio F.16%.32%.74%.49%.30% Portfolio turnover rate G 40% 59% 119% 93% 82% Net asset value per unit, end of period $ 41.4539 $ 45.5109 $ 37.6971 $ 36.8383 $ 32.8752 This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. B Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. C Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. D This information is provided as at period end of the year shown. E Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. F The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. G The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 5

Financial Highlights continued Fidelity Far East Fund Series F Periods ended March 31, 2016 2015 2014 2013 2012 The Series Net ssets per Unit Net assets, beginning of period B $ 47.1402 $ 39.0752 $ 38.2123 $ 33.9884 $ 36.5332 Increase (decrease) from operations: Total revenue 1.5032.8933.8417.7963.8568 Total expenses (excluding distributions) (.7387) (.7450) (.8729) (.4421) (.4296) Realized gains (losses) 2.7379 3.6062 3.1760 1.6355.8885 Unrealized gains (losses) (6.4636) 7.0652.2650 2.3018 (2.7733) Total increase (decrease) from operations B (2.9612) 10.8197 3.4098 4.2915 (1.4576) Distributions: From net investment income (excluding dividends) (.6796) (.0765) (.0660) From dividends (.3447) (.0942) From capital gains (.7828) (2.3158) (2.5596) (1.0216) Return of capital Total distributions B,C (1.4624) (2.3923) (2.6256) (.3447) (1.1158) Net assets, end of period B $ 42.9281 $ 47.1402 $ 39.0752 $ 38.1351 $ 33.9884 Ratios and Supplemental Data Net asset value (000s) D $ 41,422 $ 49,296 $ 36,470 $ 31,847 $ 30,426 Units outstanding D 966,794 1,047,000 933,328 833,425 894,142 Management expense ratio E 1.22% 1.27% 1.32% 1.27% 1.25% Management expense ratio before waivers or absorptions E 1.29% 1.32% 1.32% 1.27% 1.25% Trading expense ratio F.16%.32%.74%.49%.30% Portfolio turnover rate G 40% 59% 119% 93% 82% Net asset value per unit, end of period $ 42.9174 $ 47.1401 $ 39.0753 $ 38.2123 $ 34.0286 This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. B Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. C Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. D This information is provided as at period end of the year shown. E Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. F The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. G The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 6

Fidelity Far East Fund Series F5 Periods ended March 31, 2016 2015 2014 The Series Net ssets per Unit B Net assets, beginning of period C $ 22.8894 $ 19.8107 $ 20.0000 Increase (decrease) from operations: Total revenue.7031.4310.4683 Total expenses (excluding distributions) (.3437) (.3966) (.6131) Realized gains (losses) 1.3281 1.8103 1.7850 Unrealized gains (losses) (3.0156) 3.4648.4017 Total increase (decrease) from operations C (1.3281) 5.3095 2.0419 Distributions: From net investment income (excluding dividends) (.3233) (.0364) (.0342) From dividends From capital gains (.3723) (1.1016) (1.3229) Return of capital (1.0468) (.9188) (.8951) Total distributions C,D (1.7424) (2.0568) (2.2522) Net assets, end of period C $ 19.8470 $ 22.8894 $ 19.8107 Ratios and Supplemental Data Net asset value (000s) E $ 1 $ 1 $ 1 Units outstanding E 67 62 56 Management expense ratio F 1.20% 1.37% 1.35% Management expense ratio before waivers or absorptions F 1.20% 1.37% 1.35% Trading expense ratio G.16%.32%.74% Portfolio turnover rate H 40% 59% 119% Net asset value per unit, end of period $ 19.8420 $ 22.8894 $ 19.8100 For the period pril 17, 2013 (commencement of sale of units) to March 31, 2014. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 7

Financial Highlights continued Fidelity Far East Fund Series F8 Periods ended March 31, 2016 2015 2014 The Series Net ssets per Unit B Net assets, beginning of period C $ 21.6280 $ 19.2917 $ 20.0000 Increase (decrease) from operations: Total revenue.6726.4343.2686 Total expenses (excluding distributions) (.3333) (.3577) (.6132) Realized gains (losses) 1.2436 1.7350 1.1736 Unrealized gains (losses) (2.8356) 3.2428.3676 Total increase (decrease) from operations C (1.2527) 5.0544 1.1966 Distributions: From net investment income (excluding dividends) (.2968) (.0358) (.0335) From dividends From capital gains (.3419) (1.0854) (1.2955) Return of capital (1.3980) (1.4692) (1.4323) Total distributions C,D (2.0367) (2.5904) (2.7613) Net assets, end of period C $ 18.3745 $ 21.6280 $ 19.2917 Ratios and Supplemental Data Net asset value (000s) E $ 79 $ 90 $ 75 Units outstanding E 4,288 4,152 3,911 Management expense ratio F 1.23% 1.28% 1.32% Management expense ratio before waivers or absorptions F 1.31% 1.32% 1.32% Trading expense ratio G.16%.32%.74% Portfolio turnover rate H 40% 59% 119% Net asset value per unit, end of period $ 18.3697 $ 21.6279 $ 19.2916 For the period pril 17, 2013 (commencement of sale of units) to March 31, 2014. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 8

Fidelity Far East Fund Series O Periods ended March 31, 2016 2015 2014 2013 2012 The Series Net ssets per Unit Net assets, beginning of period B $ 48.1167 $ 39.8842 $ 39.0417 $ 34.7308 $ 37.3325 Increase (decrease) from operations: Total revenue 1.6102.9310.8890.8080.8430 Total expenses (excluding distributions) (.1822) (.2183) (.3631) Realized gains (losses) 2.5391 3.7184 3.3085 1.7156.8162 Unrealized gains (losses) (7.0402) 7.0292.2385 2.4649 (2.5528) Total increase (decrease) from operations B (3.0731) 11.4603 4.0729 4.9885 (.8936) Distributions: From net investment income (excluding dividends) (.9806) (.0952) (.0821) From dividends (.8243) (.1315) From capital gains (1.1294) (2.8843) (3.1847) (1.4265) Return of capital Total distributions B,C (2.1100) (2.9795) (3.2668) (.8243) (1.5580) Net assets, end of period B $ 43.7925 $ 48.1167 $ 39.8842 $ 38.9628 $ 34.7308 Ratios and Supplemental Data Net asset value (000s) D $ 51,985 $ 110,094 $ 90,672 $ 96,785 $ 88,108 Units outstanding D 1,185,219 2,279,175 2,270,572 2,479,005 2,533,888 Management expense ratio E % % % % % Management expense ratio before waivers or absorptions E % % % % % Trading expense ratio F.16%.32%.74%.49%.30% Portfolio turnover rate G 40% 59% 119% 93% 82% Net asset value per unit, end of period $ 43.7813 $ 48.1167 $ 39.8844 $ 39.0417 $ 34.7718 This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. B Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. C Distributions were paid in cash or reinvested in additional units of the Fund, or both. Distributions are presented based on management s best estimate of the tax character. D This information is provided as at period end of the year shown. E No fees are charged to the Series, but investors may be charged a negotiated management fee. F The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. G The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 9

Financial Highlights continued Fidelity Far East Fund Series T5 Periods ended March 31, 2016 2015 2014 The Series Net ssets per Unit B Net assets, beginning of period C $ 22.9025 $ 19.8476 $ 20.0000 Increase (decrease) from operations: Total revenue.7518.5222.3789 Total expenses (excluding distributions) (.6514) (.6803) (.9039) Realized gains (losses) 1.3294 1.8988 1.0637 Unrealized gains (losses) (3.8433) 2.3501 2.4377 Total increase (decrease) from operations C (2.4135) 4.0908 2.9764 Distributions: From net investment income (excluding dividends) (.1680) (.0278) (.0258) From dividends From capital gains (.1936) (.8432) (.9963) Return of capital (1.0572) (.9368) (.8999) Total distributions C,D (1.4188) (1.8078) (1.9220) Net assets, end of period C $ 19.8713 $ 22.9025 $ 19.8476 Ratios and Supplemental Data Net asset value (000s) E $ 58 $ 21 $ 29 Units outstanding E 2,956 927 1,461 Management expense ratio F 2.61% 2.79% 2.83% Management expense ratio before waivers or absorptions F 2.73% 2.83% 2.83% Trading expense ratio G.16%.32%.74% Portfolio turnover rate H 40% 59% 119% Net asset value per unit, end of period $ 19.8663 $ 22.9024 $ 19.8474 For the period pril 17, 2013 (commencement of sale of units) to March 31, 2014. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 10

Fidelity Far East Fund Series T8 Periods ended March 31, 2016 2015 2014 The Series Net ssets per Unit B Net assets, beginning of period C $ 21.6223 $ 19.3138 $ 20.0000 Increase (decrease) from operations: Total revenue 1.2352.4309.2819 Total expenses (excluding distributions) (.6318) (.6397) (.8877) Realized gains (losses) 1.4719 1.7169 1.2723 Unrealized gains (losses) (3.8956) 3.3338 (.0240) Total increase (decrease) from operations C (1.8203) 4.8419.6425 Distributions: From net investment income (excluding dividends) (.1589) (.0269) (.0256) From dividends From capital gains (.1829) (.8139) (.9897) Return of capital (1.4476) (1.4996) (1.4403) Total distributions C,D (1.7894) (2.3404) (2.4556) Net assets, end of period C $ 18.3291 $ 21.6223 $ 19.3138 Ratios and Supplemental Data Net asset value (000s) E $ 58 $ 67 $ 45 Units outstanding E 3,156 3,118 2,342 Management expense ratio F 2.62% 2.71% 2.78% Management expense ratio before waivers or absorptions F 2.76% 2.79% 2.78% Trading expense ratio G.16%.32%.74% Portfolio turnover rate H 40% 59% 119% Net asset value per unit, end of period $ 18.3245 $ 21.6222 $ 19.3138 For the period pril 17, 2013 (commencement of sale of units) to March 31, 2014. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 11

Financial Highlights continued Fidelity Far East Fund Series S5 Periods ended March 31, 2016 2015 2014 The Series Net ssets per Unit B Net assets, beginning of period C $ 22.9018 $ 19.8345 $ 20.0000 Increase (decrease) from operations: Total revenue 1.4621.2220.4358 Total expenses (excluding distributions) (.7040) (.6189) (.8420) Realized gains (losses) 2.1236 1.5104 1.6062 Unrealized gains (losses) (2.9282) 4.8788.3913 Total increase (decrease) from operations C (.0465) 5.9923 1.5913 Distributions: From net investment income (excluding dividends) (.1912) (.0295) (.0279) From dividends From capital gains (.2202) (.8947) (1.0781) Return of capital (1.0548) (.9324) (.8987) Total distributions C,D (1.4662) (1.8566) (2.0047) Net assets, end of period C $ 19.8645 $ 22.9018 $ 19.8345 Ratios and Supplemental Data Net asset value (000s) E $ 5 $ 306 $ 2 Units outstanding E 268 13,410 100 Management expense ratio F 2.43% 2.46% 2.47% Management expense ratio before waivers or absorptions F 2.56% 2.56% 2.47% Trading expense ratio G.16%.32%.74% Portfolio turnover rate H 40% 59% 119% Net asset value per unit, end of period $ 19.8595 $ 22.9017 $ 19.8338 For the period pril 17, 2013 (commencement of sale of units) to March 31, 2014. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 12

Fidelity Far East Fund Series S8 Periods ended March 31, 2016 2015 2014 The Series Net ssets per Unit B Net assets, beginning of period C $ 21.6294 $ 19.2939 $ 20.0000 Increase (decrease) from operations: Total revenue.7732.2131.4233 Total expenses (excluding distributions) (.5755) (.5768) (.8159) Realized gains (losses) 2.2150 1.5833 1.7545 Unrealized gains (losses) (11.1527) 1.3289.3961 Total increase (decrease) from operations C (8.7400) 2.5485 1.7580 Distributions: From net investment income (excluding dividends) (.1957) (.0282) (.0273) From dividends From capital gains (.2255) (.8523) (1.0565) Return of capital (1.4376) (1.4928) (1.4383) Total distributions C,D (1.8588) (2.3733) (2.5221) Net assets, end of period C $ 18.3403 $ 21.6294 $ 19.2939 Ratios and Supplemental Data Net asset value (000s) E $ 24 $ 1 $ 1 Units outstanding E 1,293 64 57 Management expense ratio F 2.28% 2.46% 2.47% Management expense ratio before waivers or absorptions F 2.38% 2.54% 2.47% Trading expense ratio G.16%.32%.74% Portfolio turnover rate H 40% 59% 119% Net asset value per unit, end of period $ 18.3356 $ 21.6294 $ 19.2930 For the period pril 17, 2013 (commencement of sale of units) to March 31, 2014. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. Periods beginning on or after January 1, 2013 follow International Financial Reporting Standards (IFRS) and periods prior to January 1, 2013 follow Canadian Generally ccepted ccounting Principles (Canadian GP). The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective November 1, 2014, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 13

Financial Highlights continued Fidelity Far East Fund Series E1 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0251 Total expenses (excluding distributions) (.0371) Realized gains (losses) (.0469) Unrealized gains (losses).7232 Total increase (decrease) from operations C.6643 Distributions: From net investment income (excluding dividends) From dividends From capital gains Return of capital Total distributions C,D Net assets, end of period C $ 10.3122 Ratios and Supplemental Data Net asset value (000s) E $ 12,981 Units outstanding E 1,259,114 Management expense ratio F 2.28% Management expense ratio before waivers or absorptions F 2.33% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 10.3096 For the period February 5, 2016 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective February 9, 2016, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 14

Fidelity Far East Fund Series E2 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0256 Total expenses (excluding distributions) (.0351) Realized gains (losses) (.0499) Unrealized gains (losses).6323 Total increase (decrease) from operations C.5729 Distributions: From net investment income (excluding dividends) From dividends From capital gains Return of capital Total distributions C,D Net assets, end of period C $ 10.3152 Ratios and Supplemental Data Net asset value (000s) E $ 488 Units outstanding E 47,277 Management expense ratio F 2.23% Management expense ratio before waivers or absorptions F 2.27% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 10.3125 For the period February 5, 2016 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective February 9, 2016, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 15

Financial Highlights continued Fidelity Far East Fund Series E3 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0287 Total expenses (excluding distributions) (.0323) Realized gains (losses) (.0490) Unrealized gains (losses).8367 Total increase (decrease) from operations C.7841 Distributions: From net investment income (excluding dividends) From dividends From capital gains Return of capital Total distributions C,D Net assets, end of period C $ 10.3170 Ratios and Supplemental Data Net asset value (000s) E $ 26 Units outstanding E 2,480 Management expense ratio F 2.17% Management expense ratio before waivers or absorptions F 2.23% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 10.3143 For the period February 5, 2016 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective February 9, 2016, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 16

Fidelity Far East Fund Series E4 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0200 Total expenses (excluding distributions) (.0300) Realized gains (losses) (.0400) Unrealized gains (losses).3700 Total increase (decrease) from operations C.3200 Distributions: From net investment income (excluding dividends) From dividends From capital gains Return of capital Total distributions C,D Net assets, end of period C $ 10.3166 Ratios and Supplemental Data Net asset value (000s) E $ 1 Units outstanding E 100 Management expense ratio F 2.06% Management expense ratio before waivers or absorptions F 2.47% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 10.3139 For the period February 5, 2016 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective February 9, 2016, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 17

Financial Highlights continued Fidelity Far East Fund Series P1 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0536 Total expenses (excluding distributions) (.0486) Realized gains (losses).2331 Unrealized gains (losses) (.5951) Total increase (decrease) from operations C (.3570) Distributions: From net investment income (excluding dividends) (.1445) From dividends From capital gains (.1665) Return of capital Total distributions C,D (.3110) Net assets, end of period C $ 9.1272 Ratios and Supplemental Data Net asset value (000s) E $ 6,946 Units outstanding E 761,127 Management expense ratio F 1.15% Management expense ratio before waivers or absorptions F 1.20% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 9.1248 For the period December 4, 2015 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective December 8, 2015, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 18

Fidelity Far East Fund Series P2 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0554 Total expenses (excluding distributions) (.0466) Realized gains (losses).2351 Unrealized gains (losses) (.6429) Total increase (decrease) from operations C (.3990) Distributions: From net investment income (excluding dividends) (.1445) From dividends From capital gains (.1665) Return of capital Total distributions C,D (.3110) Net assets, end of period C $ 9.1298 Ratios and Supplemental Data Net asset value (000s) E $ 1,276 Units outstanding E 139,812 Management expense ratio F 1.07% Management expense ratio before waivers or absorptions F 1.12% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 9.1274 For the period December 4, 2015 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective December 8, 2015, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 19

Financial Highlights continued Fidelity Far East Fund Series P3 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0822 Total expenses (excluding distributions) (.0453) Realized gains (losses).1020 Unrealized gains (losses) (.6800) Total increase (decrease) from operations C (.5411) Distributions: From net investment income (excluding dividends) (.1445) From dividends From capital gains (.1665) Return of capital Total distributions C,D (.3110) Net assets, end of period C $ 9.1307 Ratios and Supplemental Data Net asset value (000s) E $ 1 Units outstanding E 103 Management expense ratio F.98% Management expense ratio before waivers or absorptions F 1.04% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 9.1284 For the period December 4, 2015 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective December 8, 2015, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 20

Fidelity Far East Fund Series P4 Periods ended March 31, 2016 The Series Net ssets per Unit B Net assets, beginning of period C $ 10.0000 Increase (decrease) from operations: Total revenue.0372 Total expenses (excluding distributions) (.0422) Realized gains (losses).3159 Unrealized gains (losses) (.6538) Total increase (decrease) from operations C (.3429) Distributions: From net investment income (excluding dividends) (.1445) From dividends From capital gains (.1665) Return of capital Total distributions C,D (.3110) Net assets, end of period C $ 9.1341 Ratios and Supplemental Data Net asset value (000s) E $ 8 Units outstanding E 891 Management expense ratio F.97% Management expense ratio before waivers or absorptions F.97% Trading expense ratio G.16% Portfolio turnover rate H 40% Net asset value per unit, end of period $ 9.1318 For the period December 4, 2015 (commencement of sale of units) to March 31, 2016. B This information is derived from the Fund s audited annual and/or unaudited interim financial statements. The net assets attributable to holders of redeemable units per unit presented in the financial statements may differ from the net asset value calculated for fund pricing purposes. n explanation of these differences can be found in the notes to financial statements. C Net assets and distributions are based on the actual number of units outstanding at the relevant time. The increase (decrease) from operations is based on the weighted average number of units outstanding over the financial period. This table is not intended to be a reconciliation of beginning to ending net assets per unit. D Distributions were paid in cash or reinvested in additional units of the Fund, or both, and excludes distributions of management fee reductions to unitholders. Distributions are presented based on management s best estimate of the tax character. E This information is provided as at period end of the year shown. F Management expense ratio is based on total expenses (excluding distributions, commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset values during the period, including the Fund s pro-rata share of estimated expenses incurred in any underlying investment fund, if applicable. Effective December 8, 2015, the manager of the Fund has waived a portion of its administration fee and as of the date of the MRFP has continued to provide the Fund with such waivers. The manager may terminate the waiver at any time, at its sole discretion. It is not known when such waivers will be terminated. G The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net asset value during the period, including the Fund s pro-rata share of estimated trading costs incurred in any underlying investment fund, if applicable. H The Fund s portfolio turnover rate indicates how actively the Fund s portfolio adviser manages its portfolio investments. portfolio turnover rate of 100% is equivalent to the Fund buying and selling all of the securities in its portfolio once in the course of the year. The higher the Fund s portfolio turnover rate in a year, the greater the trading costs payable by the Fund in the year, and the greater chance of an investor receiving taxable capital gains in the year. There is not necessarily a relationship between a high portfolio turnover rate and the performance of the Fund. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities divided by the weighted average market value of the portfolio securities, excluding short-term securities. 21

Financial Highlights continued Management and dvisory Fees Fidelity serves as manager and investment advisor of the Fund. The Fund pays Fidelity a monthly management and advisory fee for their services, based on the net asset value of each Series, calculated daily and payable monthly. Fidelity uses these management fees to pay for sales and trailing commissions to registered dealers on the distribution of the Fund units, as well as for the general investment management expenses. Dealer compensation represents cash commissions paid by Fidelity to registered dealers during the period and includes upfront deferred sales charge and trailing commissions. This amount may, in certain circumstances, exceed 100% of the fees earned by Fidelity during the period. For new Classes/Funds or Series the amounts presented may not be indicative of longer term operating periods. Management Fees Dealer Compensation Investment management, administration and other Series 2.000% 40.68% 59.32% Series B 1.850% 54.05% 45.95% Series F 0.850% 100.00% Series F5 0.850% 100.00% Series F8 0.850% 100.00% Series T5 2.000% 128.04% -28.04% Series T8 2.000% 31.83% 68.17% Series S5 1.850% 54.05% 45.95% Series S8 1.850% 54.05% 45.95% Series E1 1.825% 54.79% 45.21% Series E2 1.800% 55.56% 44.44% Series E3 1.775% 56.34% 43.66% Series E4 1.725% 57.97% 42.03% Series P1 0.825% 100.00% Series P2 0.800% 100.00% Series P3 0.775% 100.00% Series P4 0.725% 100.00% 22

Fidelity Far East Fund Past Performance The performance information shown assumes that all distributions made by the Fund in the periods shown were reinvested in additional securities of the Fund. The performance information does not take into account sales, redemption, distribution or other optional charges that would have reduced returns or performance. How the Fund has performed in the past does not necessarily indicate how it will perform in the future. Year-by-Year Returns The following bar chart shows the Fund s annual performance for each of the years shown, and illustrates how the Fund s performance was changed from year to year. In percentage terms, the bar chart shows how much an investment made on the first day of each financial year would have grown or decreased by the last day of each financial year. Series Fiscal Years 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Percentage (%) 40 30 20 10 0-10 -20-30 25.3 3.9-24.1 34.5 13.7-5.0 11.5 8.1 26.2-7.3 Series B Fiscal Years 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Percentage (%) 40 30 20 10 0-10 -20-30 25.7 4.2-23.9 34.8 14.0-4.8 11.7 8.3 26.5-7.1 Series F Fiscal Years 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Percentage (%) 40 30 20 10 0-10 -20-30 27.1 5.4-23.0 36.2 15.3-3.7 13.0 9.5 27.9-6.1 23

Fidelity Far East Fund Past Performance continued Series F5 Fiscal Years 2014 2015 2016 Percentage (%) 30 10.6 27.8-6.1 20 10 0-10 Since the Commencement of Operations, from pril 17, 2013 to March 31, 2014. Series F8 Fiscal Years 2014 2015 2016 Percentage (%) 30 10.7 27.9-6.1 20 10 0-10 Since the Commencement of Operations, from pril 17, 2013 to March 31, 2014. Series O Fiscal Years 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Percentage (%) 40 30 20 10 0-10 -20-30 28.9 6.7-22.1 38.0 16.7-2.5 14.4 11.0 29.6-4.9 24

Series T5 Fiscal Years 2014 2015 2016 Percentage (%) 30 9.1 26.1-7.4 20 10 0-10 Since the Commencement of Operations, from pril 17, 2013 to March 31, 2014. Series T8 Fiscal Years 2014 2015 2016 Percentage (%) 30 9.2 26.1-7.4 20 10 0-10 Since the Commencement of Operations, from pril 17, 2013 to March 31, 2014. Series S5 Fiscal Years 2014 2015 2016 Percentage (%) 30 9.4 26.5-7.2 20 10 0-10 Since the Commencement of Operations, from pril 17, 2013 to March 31, 2014. 25

Fidelity Far East Fund Past Performance continued Series S8 Fiscal Years 2014 2015 2016 Percentage (%) 30 9.4 26.5-7.0 20 10 0-10 Since the Commencement of Operations, from pril 17, 2013 to March 31, 2014. Series E1 Fiscal Years 2016 Percentage (%) 5 3.1 0-5 -10 Since the Commencement of Operations, from February 5, 2016 to March31, 2016. Series E2 Fiscal Years 2016 Percentage (%) 5 3.1 0-5 -10 Since the Commencement of Operations, from February 5, 2016 to March 31, 2016. 26

Series E3 Fiscal Years Percentage (%) 5 2016 3.1 0-5 -10 Since the Commencement of Operations, from February 5, 2016 to March 31, 2016. Series E4 Fiscal Years Percentage (%) 5 2016 3.1 0-5 -10 Since the Commencement of Operations, from February 5, 2016 to march 31, 2016. Series P1 Fiscal Years Percentage (%) 0 2016-5.9-5 -10 Since the Commencement of Operations, from December 4, 2015 to March 31, 2016. 27

Fidelity Far East Fund Past Performance continued Series P2 Fiscal Years Percentage (%) 0 2016-5.8-5 -10 Since the Commencement of Operations, from December 4, 2015 to March 31, 2016. Series P3 Fiscal Years Percentage (%) 0 2016-5.8-5 -10 Since the Commencement of Operations, from December 4, 2015 to March 31, 2016. Series P4 Fiscal Years Percentage (%) 0 2016-5.8-5 -10 Since the Commencement of Operations, from December 4, 2015 to March 31, 2016. nnual Compound Returns This table shows the Fund s historical annual compound total returns for the periods indicated, compared with a broad-based benchmark, the MSCI World Index, and the Fund s benchmark, the MSCI C (ll Country) Far East ex Japan Index. verage nnual Total Returns Past 1 year Past 3 years Past 5 years Past 10 years Since Inception Fidelity Far East Fund Series (7.3)% 8.1% 6.0% 7.3% n/a Fidelity Far East Fund Series B (7.1)% 8.4% 6.2% 7.6% n/a Fidelity Far East Fund Series F (6.1)% 9.6% 7.4% 8.8% n/a Fidelity Far East Fund Series F5 (6.1)% n/a n/a n/a 10.1% 28

Past 1 verage nnual Total Returns year years years years Inception Fidelity Far East Fund Series F8 (6.1)% n/a n/a n/a 10.1% Fidelity Far East Fund Series O (4.9)% 11.0% 8.8% 10.2% n/a Fidelity Far East Fund Series T5 (7.4)% n/a n/a n/a 8.5% Fidelity Far East Fund Series T8 (7.4)% n/a n/a n/a 8.6% Fidelity Far East Fund Series S5 (7.2)% n/a n/a n/a 8.8% Fidelity Far East Fund Series S8 (7.0)% n/a n/a n/a 8.9% Fidelity Far East Fund Series E1 n/a n/a n/a n/a 3.1% Fidelity Far East Fund Series E2 n/a n/a n/a n/a 3.1% Fidelity Far East Fund Series E3 n/a n/a n/a n/a 3.1% Fidelity Far East Fund Series E4 n/a n/a n/a n/a 3.1% Fidelity Far East Fund Series P1 n/a n/a n/a n/a (5.9)% Fidelity Far East Fund Series P2 n/a n/a n/a n/a (5.8)% Fidelity Far East Fund Series P3 n/a n/a n/a n/a (5.8)% Fidelity Far East Fund Series P4 n/a n/a n/a n/a (5.8)% MSCI C (ll Country) Far East ex Japan Index (9.6)% 8.5% 6.4% 6.9% 9.0 % MSCI World Index (1.4)% 15.8% 12.8% 5.4% 15.9 % The period used for the since inception MSCI C (ll Country) Far East ex Japan Index and MSCI World Index returns are based on Series F5 which has been in existence the longest compared to all Series with less than 10 years of operations. Fidelity Far East Fund, Series B, underperformed the broad global equity markets, as represented by the MSCI World Index, for the past one-year period. Market overview: Global equities fell during the period amid concerns about the economic slowdown in China and the implications it would have for global growth. The Fund underperformed the broad global equity markets primarily due to its exposure to China and Taiwan. Chinese equities plunged after that country s regulators issued new rules earlier in the review period to limit margin trading and short selling. Weak economic data and the devaluation of Chinese currency further dampened investor sentiment. Taiwan s equity market dropped due to its slowing economy, and declining demand for its technology products in international markets. dditionally, the Fund s lack of exposure to the U.S. market, in line with its mandate, detracted from the Fund s returns. The U.S. was the world s best performing market, supported by encouraging economic data and news of central banks in Europe and China increasing efforts to boost weak economies. Factors affecting performance The Fund s benchmark, the MSCI C (ll Country) Far East ex Japan Index, returned -9.6% for the one-year period under review. The Fund outperformed its benchmark primarily due to its holdings in the consumer discretionary and utilities sectors. In the consumer discretionary sector, Techtronic Industries and Shenzhou International Group were among the top individual contributors. In the utilities sector, Korea Electric Power and Guangdong Investments contributed to relative performance. In contrast, the Fund s investments in telecommunication services sector detracted from relative performance, led by its position in SK Telecom. t the end of the review period, the Fund did not have any exposure to the stock. The MSCI C (ll Country) Far East ex Japan Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the Far East, excluding Japan. The MSCI World Index is a market-capitalization-weighted index composed of companies representative of the market structure of developed market countries in North merica, Europe and the sia/pacific Region. Each series of the Fund will have different returns due to differences in management fees and expenses. Past 3 Past 5 Past 10 Since 29

Fidelity Far East Fund Summary of Investment Portfolio as at March 31, 2016 Sector Mix as of March 31, 2016 % of Fund s Net ssets Information Technology 24.3 Financials 23.5 Consumer Discretionary 18.1 Consumer Staples 9.0 Health Care 8.9 Utilities 6.8 Industrials 3.7 Materials 2.9 Telecommunication Services 1.0 Cash and Cash Equivalents 1.2 Net Other ssets (Liabilities) 0.6 Geographic Mix as of March 31, 2016 % of Fund s Net ssets Korea (South) 20.0 Cayman Islands 19.4 Hong Kong 15.6 China 12.0 Taiwan 9.9 Philippines 5.3 Singapore 3.6 ustralia 2.3 Thailand 2.3 Indonesia 2.3 Bermuda 1.9 Luxembourg 1.9 India 1.7 Cash and Cash Equivalents 1.2 Net Other ssets (Liabilities) 0.6 Top 25 Issuers % of Fund s Net ssets 1. Taiwan Semiconductor Manufacturing Co. Ltd. 9.3 2. Tencent Holdings Ltd. 7.8 3. Techtronic Industries Co. Ltd. 6.0 4. Shenzhou International Group Holdings Ltd. 4.3 5. I Group Ltd. 4.2 6. Korea Electric Power Corp. 3.8 7. KT&G Corp. 3.1 8. LG Household & Health Care Ltd. 3.1 9. SM Prime Holdings Inc 3.1 10. PICC Property & Casualty Co. Ltd. 3.0 11. LG Chemical Ltd. 2.9 12. Samsung Electronics Co. Ltd. 2.8 13. Sino Biopharmaceutical Ltd. 2.7 14. Industrial & Commercial Bank of China Ltd. 2.4 15. Jollibee Food Corp. 2.2 16. China Construction Bank Corp. 2.1 17. Jiangsu Hengrui Medicine Co. Ltd. 2.0 18. CK Hutchison Holdings Ltd. 2.0 19. DBS Group Holdings Ltd. 1.9 20. Guangdong Investment Ltd. 1.9 21. Samsonite International S 1.9 22. Bumrungrad Hospital Pcl 1.8 23. ComfortDelgro Corp. Ltd. 1.7 24. CITIC Securities Co. Ltd. 1.6 25. MOREPCIFIC Corp. 1.6 Total Fund Net ssets $419,755,000 79.2 The summary of investment portfolio may change due to ongoing portfolio transactions of the investment fund. The most recent annual report, semi-annual report, quarterly report, fund facts document or simplified prospectus for the investment fund and/or underlying fund is available at no cost, by calling 1-800-263-4077, by writing to us at Fidelity Investments Canada ULC, 483 Bay St. Suite 300, Toronto ON M5G 2N7 or by visiting our web site at www.fidelity.ca or SEDR at www.sedar.com. 30

Fidelity Investments Canada ULC 483 Bay Street, Suite 300 Toronto, Ontario M5G 2N7 Manager, Transfer gent and Registrar Fidelity Investments Canada ULC 483 Bay Street, Suite 300 Toronto, Ontario M5G 2N7 Custodian State Street Trust Company of Canada Toronto, Ontario Portfolio dviser Fidelity Investments Canada ULC Toronto, Ontario Visit us online at www.fidelity.ca or call Fidelity Client Services at 1-800-263-4077 Fidelity s mutual funds are sold by registered Investment Professionals. Each Fund has a simplified prospectus, which contains important information on the Fund, including its investment objective, purchase options, and applicable charges. Please obtain a copy of the prospectus, read it carefully, and consult your Investment Professional before investing. s with any investment, there are risks to investing in mutual funds. There is no assurance that any Fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investors may experience a gain or loss when they sell their units in any Fidelity Fund. Fidelity Global Funds may be more volatile than other Fidelity Funds as they concentrate investments in one sector and in fewer issuers; no single Fund is intended to be a complete diversified investment program. Past performance is no assurance or indicator of future returns. There is no assurance that either Fidelity Canadian Money Market Fund or Fidelity U.S. Money Market Fund will be able to maintain its net asset value at a constant amount. The breakdown of Fund investments is presented to illustrate the way in which a Fund may invest, and may not be representative of a Fund s current or future investments. Fund s investments may change at any time. Fidelity Investments is a registered trademark of FMR LLC. 62.107479E 1.830267.110 FICL-FE-MRFP-0616