Fidelity Global Balanced Portfolio F

1 FUND FACTSFIDELITY INVESTMENTS CANADA ULCF idelity Global Balanced PortfolioSeries F, P1, P2, P3, P4 and P5 NOVEMBER 1, 2020 This document contains key information you should know about Fidelity Global Balanced Portfolio - Series F, P1, P2, P3, P4 and P5 (the Fund ). You canfind more detailed information in the Fund s simplified prospectus. To get a copy, ask your representative, contact Fidelity Investments Canada ULC( Fidelity ) at 1-800-263-4077 or or visit you invest in any fund, you should consider how it would work with your other investments and your tolerance for FACTS*FUND CODES CAD (NL)FUND CODES USD (NL)DATE SERIES STARTEDF2604n/aApril 18, 2007P13159n/aDecember 4, 2015P23673n/aDecember 4, 2015P33674n/aDecember 4, 2015P45014n/aMarch 11, 2016P56404n/aJuly 20, 2018 TOTAL VALUE OF THE FUND ON SEPTEMBER 30, 2020$ billionMANAGEMENT EXPENSE RATIO (MER)Series F : MANAGERF idelity Investments Canada ULCPORTFOLIO MANAGERF idelity Investments Canada ULCDISTRIBUTIONSA nnually, in mid to late DecemberMINIMUM INVESTMENT Series F : $500 initial, $25 additional* This document pertains to Series F, P1, P2, P3, P4 and P5 units available as part of the Fidelity Preferred Program (the Program ).

2 See below under How Much Does It Cost? forfurther details about the Program. These amounts may change from time to time, and may also be waived by Fidelity . See Fund Expenses for the minimum investment thresholds and MERs for the other series of unitsin the Program and speak to your representative for DOES THE FUND INVEST IN?The Fund invests primarily in underlying funds including other Fidelity Funds and ETFs. These underlying funds generally invest in Global equitysecurities and/or fixed income Fund's neutral mix is 60% equity securities and 40% fixed income securities and money market instruments, which may vary by up to +/- 15%.The charts below give you a snapshot of the Fund s investments on September 30, 2020. The Fund s investments will TEN INVESTMENTS (SEPTEMBER 30, 2020)1 Fidelity Global Bond Multi-Asset Base Emerging Markets International Growth Multi-Asset Base Canadian Bond Canadian Disciplined Equity Canadian Growth Company All Cap Global Intrinsic Value Investment Focused Stock Insights Investment percentage of top 10 number of investments30 INVESTMENT MIX (SEPTEMBER 30, 2020)BY ASSET ALLOCATION%Foreign High Yield Federal Agency Investmentsand Net Other COUNTRY (INCLUDES CASH)%United Countries andNet Other of 4 FUND FACTSF idelity Global Balanced PortfolioSeries F, P1, P2, P3, P4 and P5 HOW RISKY IS IT?

3 The value of the Fund can go down as well as up. You could lose way to gauge risk is to look at how much a fund s returns changeover time. This is called "volatility".In general, funds with higher volatility will have returns that change moreover time. They typically have a greater chance of losing money and mayhave a greater chance of higher returns. Funds with lower volatility tendto have returns that change less over time. They typically have lowerreturns and may have a lower chance of losing RATINGF idelity has rated the volatility of this Fund as low to rating is based on how much the Fund s returns have changed fromyear to year. It doesn t tell you how volatile the Fund will be in the rating can change over time. A fund with a low risk rating can stilllose money. LOWLOW TOMEDIUMMEDIUMMEDIUM TOHIGHHIGHFor more information about the risk rating and specific risks that canaffect the Fund s returns, see the What are the risks of investing in thefund?

4 Section of the Fund s simplified GUARANTEESLike most mutual funds, this Fund doesn t have any guarantees. You maynot get back the amount of money you HAS THE FUND PERFORMED?This section tells you how series F units of the Fund have performed over the past 10 years. Returns are after expenses have been deducted. Theseexpenses reduce the Fund s performance of Series P1, P2, P3, P4 and P5 units would be similar to the performance of Series F, but would vary mainly as a result of the differencein the combined management and administration fees compared to Series F, as set out in the fee decrease table under Fund Expenses RETURNSThis chart shows how series F units of the Fund performed in each of thepast 10 years. The Fund dropped in value in 2 of the 10 years. The rangeof returns and change from year to year can help you assess how risky theFund has been in the past. It does not tell you how the Fund will performin the 0% 5% 10% 15% 20% AND WORST 3-MONTH RETURNSThis table shows the best and worst returns for series F units of the Fundin a 3-month period over the past 10 years.

5 The best and worst 3-monthreturns could be higher or lower in the future. Consider how much of aloss you could afford to take in a short period of MONTHS ENDINGIF YOU INVESTED$1,000 AT THEBEGINNING OF THEPERIODBest 30, 2020 Your investment wouldrise to $1,119 Worst 31, 2020 Your investment woulddrop to $905 AVERAGE RETURNA person who invested $1,000 in series F units of the Fund 10 years agonow has $2,194. This works out to an annual compound return of IS THIS FUND FOR?Investors who:nplan to hold their investment for the medium- to long-termnwant to gain exposure to both Global equity and fixed incomesecuritiesnwant the convenience of a diversified Portfolio in a single fundncan handle the volatility of returns generally associated with equityinvestmentsnmay be looking to benefit from combined management andadministration fee discounts based on the amount of their investmentin the ProgramThe Fund is not an appropriate investment if you have a short-terminvestment WORD ABOUT TAXIn general, you ll have to pay income tax on any money you make on afund.

6 How much you pay depends on the tax laws where you live andwhether or not you hold the fund in a registered plan, such as aRegistered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account(TFSA).Keep in mind that if you hold your fund in a non-registered account, funddistributions are included in your taxable income, whether you get themin cash or have them of 4 FUND FACTSF idelity Global Balanced PortfolioSeries F, P1, P2, P3, P4 and P5 HOW MUCH DOES IT COST?The following tables show the fees and expenses you could pay to buy, own and sell the series of the Fund in the Program. The fees and expenses--including any commission--can vary among the series of a fund and among funds. Higher commissions can influence representatives to recommend oneinvestment over another. Ask about other funds and investments that may be suitable for you at a lower Program offers separate series of the Fund that charge progressively lower combined management and administration fees than Series F units.

7 Wewill automatically switch your units in Series F into the most appropriate series of the Fund in the Program or switch your units in the Program intoanother series of the Fund in the Program (in each case, bearing lower combined management and administration fees) when you meet the applicableinvestment threshold. If you no longer meet the requirements to be eligible for a particular series of the Fund in the Program, we will automaticallyswitch your units into the appropriate series, which will have higher combined management and administration fees that will not exceed the Series Fcombined management and administration fees. See the fee decrease table under Fund Expenses below. For more details on the Program, see Purchases, Switches and Redemptions and Fees and Expenses in the Fund s simplified prospectus, and speak to your CHARGESYou do not pay any sales charge when you buy or sell the units of the series of the Fund in the EXPENSESYou don t pay these expenses directly.

8 They affect you because they reduce the return you get on your F has the highest combined management and administration fees among the series in the Program. As of June 30, 2020, the Fund's expenses areas follows:ANNUAL RATE (AS A % OF THE FUND SERIES VALUE)SERIESFP1P2P3P4P5 Management expense ratio (MER)This is the total of the Fund's management fee (including the trailingcommission), fixed administration fee, and certain operating expenses(fund costs). Fidelity waived some of the Fund's expenses. If it had notdone so, the MER would have been expense ratio (TER)These are the Fund's trading every $1,000 invested, this equals:$ $ $ $ $ $ combined management and administration fee decrease betweenSeries F and other series of units in the Program is listed in the tablebelow:TIERSSERIESCOMBINED MANAGEMENT ANDADMINISTRATION FEE DECREASE(FROM SERIES F)$500-$249,999Fn/a$250,000-$999, $1,000,000-$2,499, $2,500,000-$4,999, $5,000,000-$9,999, $10,000,000 and about the trailing commissionTrailing commissions are not paid on the units of the Fund in of 4 FUND FACTSF idelity Global Balanced PortfolioSeries F, P1, P2, P3, P4 and P5 HOW MUCH DOES IT COST?

9 (CONTINUED)3 OTHER FEESYou may have to pay other fees when you buy, hold, sell or switch units of the YOU PAYS hort-termtrading feeIf you sell/switch units within 30 days of the oldest purchase/switch into the Fund, you will be charged 1% of the value of those you sell/switch units within 30 days of the most recent purchase/switch into the Fund, you may be charged 1% of the value of thoseunits or have your account restricted/closed. This fee goes to the feeYour representative s firm may charge you up to 2% of the value of units you switch to another series of the Fund or another FidelityFund. However, you will not pay a switch fee on Fidelity initiated automatic may buy and hold this series of units in a fee-for-service account at your representative s firm or through your discount broker (ifyour representative's firm or discount broker offers Series F). If you hold your units in a fee-for-service account, you may pay a feedirectly to your representative s firm or your discount servicefeeIf you do not hold this series of units in a fee-for-service account where your representative s firm may charge you a fee directly, youmay opt to enter into an advisor service fee agreement between you, your representative s firm and Fidelity .

10 If you enter into anadvisor service fee agreement, Fidelity will collect the advisor service fee (plus any applicable taxes) from you on behalf of yourrepresentative s firm by redeeming units of this series of the Fund and remitting the amount to your representative s firm. Wheresuch an arrangement exists, the maximum annual advisor service fee that we will collect on behalf of your representative s firm (excluding applicable taxes).Fee for sizableredemptionsIf you have been notified that you own a sizable percentage of a Fund, you will be subject to a 1% penalty of the value of the unitsthat you sell/switch if you sell/switch your units of the Fund within 30 days of your most recent purchase/switch into the Fund. Youmay be subject to a 1% penalty of the value of the units if you fail to provide the required notice to Fidelity prior to completing asizable redemption. This fee goes to the IF I CHANGE MY MIND?Under securities law in some provinces and territories, you have the rightto:nwithdraw from an agreement to buy mutual fund securities within twobusiness days after you receive a simplified prospectus or Fund Factsdocument, orncancel your purchase within 48 hours after you receive confirmation ofthe some provinces and territories, you also have the right to cancel apurchase, or in some jurisdictions, claim damages, if the simplifiedprospectus, annual information form, Fund Facts document or financialstatements contain a misrepresentation.