KNOW VALUE WHEN THEY SEE IT.

Fidelity® and index mutual funds and sector ETFs have lower expenses than comparable Vanguard® funds and we have more commission-free ETFs available for purchase online. Plus, we o er 24/7 customer service online or by phone,2 and were named Barron’s 2017 Best Online Broker. Value—it’s the Fidelity di erence.

Please see Fidelity.com/beatsVanguard for a full comparative product listing.

FIDELITY® INDEX FUNDS & ETFS VANGUARD® INDEX FUNDS & ETFS

FUND NAME EXPENSE EXPENSE FUND NAME 1 1 PREMIUM CLASS$10,000 MINIMUM INVESTMENT† RATIO RATIO ADMIRAL SHARE CLASS$10,000 MINIMUM INVESTMENT†

Mutual Funds

Fidelity 500 (FUSVX) .035% .040% Vanguard 500 Index Fund (VFIAX)

Fidelity Total Market Index Fund (FSTVX) .035% .040% Vanguard Total Index Fund (VTSAX)

Fidelity Extended Market Index Fund (FSEVX) .070% .080% Vanguard Extended Market Index Fund (VEXAX)

Fidelity International Index Fund (FSIVX) .060% .070% Vanguard Developed Markets Index Fund (VTMGX)

Fidelity U.S. Bond Index Fund (FSITX) .045% .050% Vanguard Total Index Fund (VBTLX)

ETFs

Fidelity MSCI Health Care Index ETF (FHLC) .084% .100% Vanguard Health Care ETF (VHT)

Fidelity MSCI Information Technology Vanguard Information Technology ETF (VGT) Index ETF (FTEC) .084% .100% Fidelity MSCI Energy Index ETF (FENY) .084% .100% Vanguard Energy ETF (VDE)

Fidelity MSCI Financials Index ETF (FNCL) .084% .100% Vanguard Financials ETF (VFH)

Fidelity MSCI Industrials Index ETF (FIDU) .084% .100% Vanguard Industrials ETF (VIS)

Fidelity beats Vanguard on expenses on 17 of 17 comparable stock and bond index funds and 11 of 11 comparable sector ETFs. Comparisons based on fund expense ratios only. Please consider other important factors including that each fund’s investment objectives, strategy, and index tracked to achieve its goals may di er, as well as each fund’s features and risks. Please see below for additional important details.

Compare and see for yourself.

Fidelity.com/beatsVanguard | 800.FIDELITY or call your advisor.

Free commission o er applies to online purchases of 88 Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account which may require a minimum opening balance of $2,500. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). iShares ETFs and Fidelity ETFs are subject to a -term trading fee by Fidelity if held less than 30 days. ETFs are subject to management fees and other expenses. 1Total annual fund operating expense ratio as of August 1, 2017, per fund prospectus. IMPORTANT FEE INFORMATION: Certain of Fidelity’s stock and bond index mutual funds have maximum short-term redemption fees of up to 1.5% for eligible shares held less than 90 days, and both Fidelity and Vanguard may deduct fees for low-balance fund accounts. †Fidelity and Vanguard o er other share classes of these funds with di erent investment minimums and expense ratios. For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its a liates in connection with an exclusive -term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are r