FUND FACTSFIDELITY INVESTMENTS CANADA ULC

Fidelity Balanced Class PortfolioSeries S5, E1T5, E2T5 and E3T5APRIL 1, 2018

This document contains key information you should know about Fidelity Balanced Class Portfolio - Series S5, E1T5, E2T5 and E3T5 (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 cs.english@fidelity.ca, or visit fidelity.ca.Before you invest in any fund, you should consider how it would work with your other investments and your tolerance for risk.

QUICK FACTS*

FUND CODES CAD (ISC) FUND CODES USD (ISC) DATE SERIES STARTED

S5 3223 3243 January 7, 2008

E1T5 4688 4693 February 5, 2016

E2T5 4690 5059 February 5, 2016

E3T5 5332 n/a January 6, 2017

TOTAL VALUE OF THE FUND ON JANUARY 31, 2018 $408.9 million

MANAGEMENT EXPENSE RATIO (MER) Series S5 : 2.25%

FUND MANAGER Fidelity Investments Canada ULC

PORTFOLIO MANAGER Fidelity Investments Canada ULC

DISTRIBUTIONSOrdinary taxable dividends in late November; Capital

gains dividends in late January; Return of capital, end ofeach month

MINIMUM INVESTMENT† Series S5 :  $5,000 initial,  $25 additional* This document pertains to Series S5, E1T5, E2T5 and E3T5 shares available as part of the Fidelity Preferred Program (the “Program”). 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 ofshares in the Program and speak to your representative for details.

WHAT DOES THE FUND INVEST IN?The Fund invests primarily in underlying funds including other Fidelity Funds and ETFs. These underlying funds generally invest in Canadian equitysecurities, foreign equity securities and/or fixed income securities, with generally more emphasis on Canadian equity securities and fixed incomesecurities.

The 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 January 31, 2018. The Fund’s investments will change.

TOP TEN INVESTMENTS (JANUARY 31, 2018)

1 Fidelity Global Bond Investment Trust 12.82%

2 Fidelity Canadian Bond Fund 12.41%

3 Fidelity Canadian Disciplined Equity Fund 9.22%

4 Fidelity Emerging Markets Fund 7.62%

5 Fidelity Canadian Growth Company Fund 7.52%

6 Fidelity True North Fund 7.21%

7 Fidelity International Growth Investment Trust 5.16%

8 Fidelity Canadian Large Cap Fund 4.70%

9 Fidelity U.S. All Cap Fund 3.87%

10 Fidelity Global Intrinsic Value Investment Trust 3.52%

Total percentage of top 10 investments 74.05%

Total number of investments 26

INVESTMENT MIX (JANUARY 31, 2018)

BY ASSET ALLOCATION %

Foreign Equities 38.92%

Canadian Equities 21.69%

Foreign Bonds 13.18%

Cash 6.32%

Canadian CorporateBonds 6.23%

Canadian ProvincialBonds 4.48%

Canadian Federal Bonds 3.77%

U.S. High Yield Bonds 2.31%

Convertibles 1.14%

Remaining Investmentsand Net Other Assets 1.96%

BY COUNTRY (INCLUDES CASH) %

Canada 43.76%

United States 30.68%

Japan 3.94%

United Kingdom 2.53%

China 2.11%

Netherlands 1.40%

Switzerland 1.29%

Hong Kong 1.24%

Germany 1.10%

Remaining Investmentsand Net Other Assets 11.95%

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FUND FACTS

Fidelity Balanced Class PortfolioSeries S5, E1T5, E2T5 and E3T5

HOW RISKY IS IT?The value of the Fund can go down as well as up. You could lose money.

One 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 money.

RISK RATINGFidelity has rated the volatility of this Fund as low to medium. This ratingis based on how much the Fund’s returns have changed from year toyear. It doesn’t tell you how volatile the Fund will be in the future. Therating can change over time. A fund with a low risk rating can still losemoney.

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LOW LOW TOMEDIUM

MEDIUM MEDIUM TOHIGH

HIGH

For 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?’ section of the Fund’s simplified prospectus.

NO GUARANTEESLike most mutual funds, this Fund doesn’t have any guarantees. You maynot get back the amount of money you invest.

HOW HAS THE FUND PERFORMED?This section tells you how series S5 shares of the Fund have performed over the past 9 years. Returns are after expenses have been deducted. Theseexpenses reduce the Fund’s returns.

The performance of Series E1T5, E2T5 and E3T5 shares would be similar to the performance of Series S5, but would vary mainly as a result of thedifference in the combined management and administration fees compared to Series S5, as set out in the fee decrease table under “Fund Expenses”below.

YEAR-BY-YEAR RETURNSThis chart shows how series S5 shares of the Fund performed in each ofthe past 9 years. The Fund dropped in value in 1 of the 9 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 future.

-5%

0%

5%

10%

15%

20%

25%

2009 2010 2011 2012 2013 2014 2015 2016 2017

23.0

9%

10.8

4%

-2.5

6%

8.30

%

12.9

0%

10.2

7%

6.21

%

3.46

%

6.05

%

BEST AND WORST 3-MONTH RETURNSThis table shows the best and worst returns for series S5 shares of theFund in a 3-month period over the past 9 years. The best and worst 3-month returns could be higher or lower in the future. Consider how muchof a loss you could afford to take in a short period of time.

RETURN 3 MONTHS ENDING

IF YOU INVESTED$1,000  AT THEBEGINNING OF THEPERIOD

Best return 16.3% May 31, 2009Your investmentwould rise to $1,163

Worst return -6.1% September 30, 2011Your investmentwould drop to $939

AVERAGE RETURNA person who invested $1,000 in series S5 shares of the Fund 10 yearsago now has $1,704. This works out to an annual compound return of5.5%.

WHO IS THIS FUND FOR?Investors who:

■ plan to hold their investment for the long-term■ want to gain exposure to both Canadian and foreign equity and fixed

income securities■ want the convenience of a diversified portfolio in a single fund■ can handle the volatility of returns generally associated with equity

investments■ want to receive tax efficient monthly distributions■ may be looking to benefit from combined management and

administration fee discounts based on the amount of their investmentin the Program

The Fund is not an appropriate investment if you have a short-terminvestment horizon.

A WORD ABOUT TAXIn general, you’ll have to pay income tax on any money you make on afund. 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 that are not a return of capital are included in your taxableincome, whether you get them in cash or have them reinvested.

Fund distributions that are a return of capital are not included in yourtaxable income, but will affect your capital gains or losses on disposition.

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FUND FACTS

Fidelity Balanced Class PortfolioSeries S5, E1T5, E2T5 and E3T5

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 cost.

The Program offers separate series of the Fund that charge progressively lower combined management and administration fees than Series S5 shares.We will automatically switch your shares in Series S5 into the most appropriate series of the Fund in the Program or switch your shares in the Programinto another series of the Fund in the Program (in each case, bearing lower combined management and administration fees) when you meet theapplicable investment threshold. If you no longer meet the requirements to be eligible for a particular series of the Fund in the Program, we willautomatically switch your shares into the appropriate series, which will have higher combined management and administration fees that will not exceedthe Series S5 combined management and administration fees. See the fee decrease table under “Fund Expenses” below. For more details on theProgram, see “Purchases, Switches and Redemptions” and “Fees and Expenses” in the Fund’s simplified prospectus, and speak to your representative.

1 SALES CHARGESYou may pay a sales charge when you buy the series of the Fund in the Program.

SALES CHARGEOPTION

WHAT YOU PAY WHEN YOU BUY YOUR SHARES

AS A PERCENT (%) IN DOLLARS HOW IT WORKS

Initial SalesCharge

0% to 5% of the amount you buy $0 to $50 onevery $1,000you buy

■ You and your representative decide on the rate.■ The initial sales charge is deducted from the amount you buy. It goes

to your representative’s firm as a commission.

2 FUND EXPENSESYou don’t pay these expenses directly. They affect you because they reduce the return you get on your investment.

Series S5 has the highest combined management and administration fees among the series in the Program. As of November 30, 2017, the Fund'sexpenses are as follows:

ANNUAL RATE (AS A % OF THE FUND SERIES’ VALUE)

SERIES S5 E1T5 E2T5 E3T5

Management expense ratio (MER)This is the total of the Fund's management fee (including the trailingcommission), fixed administration fee and other operating expenses.Fidelity waived some of the Fund's expenses. If it had not done so, theMER would have been higher. 2.25% 2.14% 2.11% 2.10%

Trading expense ratio (TER)These are the Fund's trading costs. 0.08% 0.08% 0.08% 0.08%

Fund Expenses 2.33% 2.22% 2.19% 2.18%

For every $1,000 invested, this equals: $23.30 $22.20 $21.90 $21.80

The combined management and administration fee decrease betweenSeries S5 and other series of shares in the Program is listed in the tablebelow:

TIERS SERIES

COMBINED MANAGEMENT ANDADMINISTRATION FEE DECREASE(FROM SERIES S5)

$5,000-$249,999 S5 n/a

$250,000-$999,999 E1T5 0.075%

$1,000,000-$2,499,999 E2T5 0.150%

$2,500,000-$4,999,999 E3T5 0.175%

More about the trailing commissionThe trailing commission is an ongoing commission. Fidelity pays a trailingcommission to your representative’s firm for as long as you own the Fund.This is for services and advice that your representative and their firmprovide to you.

The trailing commission is paid from the Fund’s management fee and isbased on the value of your investment.

TRAILING COMMISSION

AS A PERCENT (%) IN DOLLARS

Up to 1.000% of the value of yourinvestment each year

$0 to $10.00 each year for every$1,000 invested

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FUND FACTS

Fidelity Balanced Class PortfolioSeries S5, E1T5, E2T5 and E3T5

HOW MUCH DOES IT COST? (CONTINUED)

3 OTHER FEESYou may have to pay other fees when you buy, hold, sell or switch shares of the Fund.

FEE WHAT YOU PAY

Short-termtrading fee

If you sell/switch shares within 30 days of the oldest purchase/switch into the Fund, you will be charged 1% of the value of thoseshares. If you sell/switch shares within 30 days of the most recent purchase/switch into the Fund, you may be charged 1% of thevalue of those shares or have your account restricted/closed. This fee goes to the Fund.

Switch fee Your representative’s firm may charge you up to 2% of the value of shares you switch to another series of the Fund or anotherFidelity Fund. However, you will not pay a switch fee on Fidelity initiated automatic switches.

Fee for sizableredemptions

On or after April 1, 2017, if you have been notified that you own a sizable percentage of a Fund, you will be subject to a 1% penaltyof the value of the shares that you sell/switch if you sell/switch your shares of the Fund within 30 days of your most recent purchase/switch into the Fund. You may be subject to a 1% penalty of the value of the shares if you fail to provide the required notice toFidelity prior to completing a sizable redemption. This fee goes to the Fund.

WHAT IF I CHANGE MY MIND?Under securities law in some provinces and territories, you have the rightto:

■ withdraw from an agreement to buy mutual fund securities within twobusiness days after you receive a simplified prospectus or Fund Factsdocument, or

■ cancel your purchase within 48 hours after you receive confirmation ofthe purchase.

In 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. You must act within the timelimit set by the securities law in your province or territory.

For more information, see the securities law of your province or territoryor ask a lawyer.

FOR MORE INFORMATIONContact Fidelity or your representative for a copy of the Fund’s simplifiedprospectus and other disclosure documents. These documents and theFund Facts make up the Fund’s legal documents.

Fidelity Investments Canada ULC483 Bay Street, North TowerSuite 300Toronto, Ontario M5G 2N7

PHONE 416-307-5200

TOLL FREE: 1-800-263-4077

EMAIL: cs.english@fidelity.ca

WEB: fidelity.ca

To learn more about investing in mutual funds, see the brochureUnderstanding mutual funds, which is available on the website of theCanadian Securities Administrators at www.securities-administrators.ca.

All trademarks are the property of Fidelity Investments Canada ULC. 62.960627E4 of 4