1. FideliTrade Incorporated is an independent, Delaware-based corporation that provides precious metals sales and support services including buying, selling, delivery, safekeeping and custody services to both individuals and companies. It is not affiliated with Fidelity Investments. FideliTrade is not a broker-dealer or an investment advisor and is not registered with the Securities and Exchange Commission or FINRA.

ScotiaMocatta is a division of Bank of Nova Scotia and is not affiliated with Fidelity Investments.

Orders to buy and sell precious metals by customers of Fidelity Brokerage Services, LLC (FBS) are handled by National Financial Services LLC (NFS), an affiliate of FBS. NFS processes precious metal orders through FideliTrade or ScotiaMocatta, which are not affiliated with either FBS or NFS.

The bullion or coins that are stored for customers at FideliTrade or ScotiaMocatta are insured against theft and disappearance. Fidelity customers’ holdings at FideliTrade or ScotiaMocatta are held in a separate account under the Fidelity name. Both FideliTrade and ScotiaMocatta maintain $1 billion in “all risk” insurance coverage at Lloyds of London for bullion held in its high-security vaults, and $300 million in contingent vault coverage. Bullion and coin investments in FBS accounts are not covered by either the SIPC or insurance “in excess of SIPC” coverage of FBS or NFS. For detailed information, please contact a Fidelity representative.

2. Past performance is no guarantee of future results.

3. The gold industry can be significantly affected by international monetary and political developments such as currency devaluations or revaluations, central bank movements, economic and social conditions within a country, trade imbalances, or trade or currency restrictions between countries.

Fluctuations in the price of gold and precious metals often dramatically affect the profitability of companies in the gold and precious metals sector.

Changes in the political or economic climate, especially in gold producing countries such as South Africa and the former Soviet Union, may have a direct impact on the price of gold worldwide.

The precious metals market is extremely volatile, and investing directly in physical precious metals may not be appropriate for most investors.

Bullion and coin investments in FBS accounts are not covered by either the SIPC or insurance “in excess of SIPC” coverage of FBS or NFS.

4. Details of various investment restrictions on IRAs and other retirement accounts may be found in Internal Revenue Code section(s) 408(m) and Publication 590.

5. There are delivery charges and applicable taxes if you take delivery.

Fidelity charges a quarterly storage fee of 0.125% of the total value or $3.75, whichever is greater. Storage fees are prebilled based on the value of the precious metals in the marketplace at the time of billing. For more information on these other investments and the cost of a specific transaction, contact Fidelity at 800-544-6666. Minimum fee per precious metals transaction: $44. Minimum precious metals purchase: $2,500 ($1,000 for IRAs). Precious metals may not be purchased in a Fidelity Retirement Plan (Keogh), and are restricted to certain types of investments in a Fidelity IRA.

The direct purchase of precious metals and other collectibles in an IRA or other retirement plan account can result in a taxable distribution from that account (except as specifically provided under IRS rules). If precious metals or other collectibles are held in an ETF or other underlying investment vehicle, you should first confirm that such an investment is appropriate for a retirement account by reviewing the ETF prospectus or other issuing documentation and/or checking with your tax advisor. Some ETF sponsors include a statement in the prospectus that an IRS ruling was obtained providing that the purchase of the ETF in an IRA or retirement plan account will not constitute the acquisition of a collectible and as a result will not be treated as a taxable distribution.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.