0000320351-15-000026.txt : 20150331 0000320351-15-000026.hdr.sgml : 20150331 20150331144756 ACCESSION NUMBER: 0000320351-15-000026 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20150131 FILED AS OF DATE: 20150331 DATE AS OF CHANGE: 20150331 EFFECTIVENESS DATE: 20150331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-03114 FILM NUMBER: 15738567 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210

0000320351 S000039313 Fidelity Real Estate Investment Portfolio

C000121124 Fidelity Real Estate Investment Portfolio FRESX

0000320351 S000039314 Fidelity International Real Estate Fund

C000121125 Fidelity Advisor International Real Estate Fund: Class A FIRAX

C000121126 Fidelity Advisor International Real Estate Fund: Class B FIRBX

C000121127 Fidelity Advisor International Real Estate Fund: Class C FIRCX

C000121128 Fidelity Advisor International Real Estate Fund: Class T FIRTX

C000121129 Fidelity International Real Estate Fund FIREX

C000121130 Fidelity Advisor International Real Estate Fund: Institutional Class FIRIX

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(FMRC) 008 B004902 S 008 C004902 801-3447 008 D014902 BOSTON 008 D024902 MA 008 D034902 02210 008 A004903 FIDELITY MANAGEMENT & RESEARCH (U.K.),INC. 008 B004903 S 008 C004903 801-28773 008 D014903 BOSTON 008 D024903 MA 008 D034903 02210 008 A004904 FIDELITY MANAGEMENT & RESEARCH (JAPAN) LTD 008 B004904 S 008 C004904 801-69571 008 D014904 BOSTON 008 D024904 MA PAGE 2 008 D034904 02210 008 A004905 FIDELITY MANAGEMENT & RESEARCH (HONG KONG)LTD 008 B004905 S 008 C004905 801-69507 008 D014905 HONG KONG 008 D054905 HONG KONG, SAR 008 A005001 FIDELITY SELECTCO, LLC 008 B005001 A 008 C005001 801-77635 008 D015001 DENVER 008 D025001 CO 008 D035001 80202 008 A005002 FMR CO., INC. (FMRC) 008 B005002 S 008 C005002 801-3447 008 D015002 BOSTON 008 D025002 MA 008 D035002 02210 008 A005003 FIDELITY MANAGEMENT & RESEARCH (U.K.),INC. 008 B005003 S 008 C005003 801-28773 008 D015003 BOSTON 008 D025003 MA 008 D035003 02210 008 A005004 FIL INVESTMENTS (JAPAN) LIMITED (FIJ) 008 B005004 S 008 C005004 801-45731 008 D015004 TOKYO 008 D055004 JAPAN 008 A005005 FIL INVESTMENT ADVISORS 008 B005005 S 008 C005005 801-21347 008 D015005 PEMBROKE 008 D055005 BERMUDA 008 A005006 FIL INVESTMENT ADVISORS (UK) LIMITED 008 B005006 S 008 C005006 801-23620 008 D015006 HILDENBOROUGH 008 D055006 UNITED KINGDOM 008 A005007 FIDELITY MANAGEMENT & RESEARCH (HONG KONG)LTD 008 B005007 S 008 C005007 801-69507 008 D015007 HONG KONG 008 D055007 HONG KONG, SAR 008 A005008 FIDELITY MANAGEMENT & RESEARCH (JAPAN) LTD 008 B005008 S 008 C005008 801-69571 008 D015008 BOSTON 008 D025008 MA 008 D035008 02210 011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION PAGE 3 011 B00AA01 8-8775 011 C01AA01 SMITHFIELD 011 C02AA01 RI 011 C03AA01 02917 012 A00AA01 FIDELITY INVESTMENTS INSTIT. OPERATIONS CO. 012 B00AA01 84-1839 012 C01AA01 BOSTON 012 C02AA01 MA 012 C03AA01 02210 013 A00AA01 DELOITTE & TOUCHE LLP 013 B01AA01 BOSTON 013 B02AA01 MA 013 B03AA01 02116 014 A00AA01 FIDELITY DISTRIBUTORS CORPORATION 014 B00AA01 8-8775 014 A00AA02 FIDELITY BROKERAGE SERVICES LLC 014 B00AA02 8-23292 014 A00AA03 NATIONAL FINANCIAL SERVICES LLC 014 B00AA03 8-26740 014 A00AA04 FIDELITY INVESTMENTS CANADA LTD. 014 B00AA04 8-0000 014 A00AA05 FIDELITY BROKERAGE SERVICES JAPAN LLC 014 B00AA05 8-00000 015 A004901 BROWN BROTHERS HARRIMAN & CO. 015 B004901 C 015 C014901 BOSTON 015 C024901 MA 015 C034901 02110 015 E014901 X 015 A004902 JPMORGAN CHASE AND CO. 015 B004902 C 015 C014902 NEW YORK 015 C024902 NY 015 C034902 10004 015 E014902 X 015 A004903 BROWN BROTHERS HARRIMAN & CO. 015 B004903 S 015 C014903 BOSTON 015 C024903 MA 015 C034903 02110 015 E014903 X 015 A004904 THE BANK OF NEW YORK COMPANY, INC. 015 B004904 C 015 C014904 NEW YORK 015 C024904 NY 015 C034904 10286 015 E014904 X 015 A005001 THE BANK OF NEW YORK MELLON 015 B005001 C 015 C015001 NEW YORK 015 C025001 NY PAGE 4 015 C035001 10286 015 E015001 X 015 A005002 JPMORGAN CHASE BANK, N.A. 015 B005002 C 015 C015002 NEW YORK 015 C025002 NY 015 C035002 10022 015 E015002 X 015 A005003 THE BANK OF NEW YORK MELLON 015 B005003 S 015 C015003 NEW YORK 015 C025003 NY 015 C035003 10286 015 E015003 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 500 019 C00AA00 FIDELITYZZ 020 A000001 UBS AG 020 B000001 13-3873456 020 C000001 150 020 A000002 CITIGROUP, INC. 020 B000002 04-3531811 020 C000002 136 020 A000003 ROYAL BANK OF CANADA 020 B000003 66-0178435 020 C000003 130 020 A000004 CREDIT SUISSE GROUP 020 B000004 13-5659485 020 C000004 125 020 A000005 JPMORGAN CHASE & CO. 020 B000005 13-3224016 020 C000005 123 020 A000006 GOLDMAN SACHS GROUP, INC. 020 B000006 13-5108880 020 C000006 98 020 A000007 BANK OF AMERICA CORP. 020 B000007 04-3410012 020 C000007 77 020 A000008 MORGAN STANLEY 020 B000008 13-2655998 020 C000008 73 020 A000009 DEUTSCHE BANK AG 020 B000009 36-6843535 020 C000009 55 020 A000010 JEFFERIES GROUP, INC. 020 B000010 95-4719745 020 C000010 32 021 000000 1310 022 A000001 FIDELITY CASH CENTRAL FUND 022 B000001 04-3331103 PAGE 5 022 C000001 563334 022 D000001 411040 022 A000002 UBS AG 022 B000002 13-3873456 022 C000002 103881 022 D000002 82970 022 A000003 ROYAL BANK OF CANADA 022 B000003 66-0178435 022 C000003 120149 022 D000003 36967 022 A000004 CITIGROUP, INC. 022 B000004 04-3531811 022 C000004 64471 022 D000004 84982 022 A000005 GOLDMAN SACHS GROUP, INC. 022 B000005 13-5108880 022 C000005 87626 022 D000005 51429 022 A000006 MERRILL LYNCH & CO., INC. 022 B000006 13-2740599 022 C000006 84051 022 D000006 32326 022 A000007 CREDIT SUISSE GROUP 022 B000007 13-5659485 022 C000007 71523 022 D000007 44759 022 A000008 JPMORGAN CHASE & CO. 022 B000008 13-3224016 022 C000008 67728 022 D000008 46582 022 A000009 MORGAN STANLEY 022 B000009 13-2655998 022 C000009 51523 022 D000009 49475 022 A000010 DEUTSCHE BANK AG 022 B000010 36-6843535 022 C000010 30224 022 D000010 50371 023 C000000 1525880 023 D000000 1140583 024 004900 N 024 005000 N 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 Y 026 F000000 Y 026 G010000 N 026 G020000 Y 026 H000000 N PAGE 6 027 000000 Y 028 A014900 68671 028 A024900 0 028 A034900 0 028 A044900 54459 028 B014900 61066 028 B024900 13965 028 B034900 0 028 B044900 71915 028 C014900 96403 028 C024900 0 028 C034900 0 028 C044900 65735 028 D014900 100484 028 D024900 0 028 D034900 0 028 D044900 44953 028 E014900 107433 028 E024900 38441 028 E034900 0 028 E044900 60959 028 F014900 265469 028 F024900 0 028 F034900 0 028 F044900 72094 028 G014900 699526 028 G024900 52406 028 G034900 0 028 G044900 370115 028 H004900 0 028 A015000 8451 028 A025000 0 028 A035000 0 028 A045000 6408 028 B015000 6025 028 B025000 6542 028 B035000 0 028 B045000 8404 028 C015000 5860 028 C025000 0 028 C035000 0 028 C045000 9396 028 D015000 5015 028 D025000 0 028 D035000 0 028 D045000 6405 028 E015000 9127 028 E025000 8579 028 E035000 0 028 E045000 15840 028 F015000 9374 PAGE 7 028 F025000 0 028 F035000 0 028 F045000 8634 028 G015000 43852 028 G025000 15121 028 G035000 0 028 G045000 55087 028 H005000 207 029 004900 N 029 005000 Y 030 A004900 0 030 B004900 0.00 030 C004900 0.00 030 A005000 10 030 B005000 5.75 030 C005000 0.00 031 A004900 0 031 B004900 0 031 A005000 3 031 B005000 0 032 004900 0 032 005000 7 033 004900 0 033 005000 0 034 004900 N 034 005000 Y 035 004900 0 035 005000 1 036 B004900 0 036 A005000 N 036 B005000 0 037 004900 Y 037 005000 Y 038 004900 178 038 005000 25 039 004900 N 039 005000 N 040 004900 Y 040 005000 Y 041 004900 N 041 005000 Y 042 A004900 0 042 B004900 0 042 C004900 0 042 D004900 0 042 E004900 0 042 F004900 0 042 G004900 0 042 H004900 0 042 A005000 0 042 B005000 0 PAGE 8 042 C005000 100 042 D005000 0 042 E005000 0 042 F005000 0 042 G005000 0 042 H005000 0 043 004900 0 043 005000 62 044 004900 4 044 005000 9 045 004900 Y 045 005000 Y 046 004900 N 046 005000 N 047 004900 N 047 005000 N 048 004900 0.000 048 A014900 0 048 A024900 0.000 048 B014900 0 048 B024900 0.000 048 C014900 0 048 C024900 0.000 048 D014900 0 048 D024900 0.000 048 E014900 0 048 E024900 0.000 048 F014900 0 048 F024900 0.000 048 G014900 0 048 G024900 0.000 048 H014900 0 048 H024900 0.000 048 I014900 0 048 I024900 0.000 048 J014900 0 048 J024900 0.000 048 K014900 0 048 K024900 0.000 048 005000 0.000 048 A015000 0 048 A025000 0.000 048 B015000 0 048 B025000 0.000 048 C015000 0 048 C025000 0.000 048 D015000 0 048 D025000 0.000 048 E015000 0 048 E025000 0.000 048 F015000 0 PAGE 9 048 F025000 0.000 048 G015000 0 048 G025000 0.000 048 H015000 0 048 H025000 0.000 048 I015000 0 048 I025000 0.000 048 J015000 0 048 J025000 0.000 048 K015000 0 048 K025000 0.000 049 004900 N 049 005000 N 050 004900 N 050 005000 N 051 004900 N 051 005000 N 052 004900 Y 052 005000 Y 053 A004900 Y 053 B004900 Y 053 C004900 N 053 A005000 Y 053 B005000 Y 053 C005000 N 054 A004900 Y 054 B004900 Y 054 C004900 N 054 D004900 N 054 E004900 N 054 F004900 N 054 G004900 Y 054 H004900 Y 054 I004900 N 054 J004900 Y 054 K004900 Y 054 L004900 N 054 M004900 Y 054 N004900 Y 054 O004900 Y 054 A005000 Y 054 B005000 Y 054 C005000 N 054 D005000 N 054 E005000 N 054 F005000 N 054 G005000 Y 054 H005000 Y 054 I005000 N 054 J005000 Y 054 K005000 Y PAGE 10 054 L005000 N 054 M005000 Y 054 N005000 Y 054 O005000 Y 055 A004900 N 055 B004900 N 055 A005000 N 055 B005000 N 056 004900 Y 056 005000 Y 057 004900 N 057 005000 N 058 A004900 N 058 A005000 N 059 004900 Y 059 005000 Y 060 A004900 N 060 B004900 N 060 A005000 N 060 B005000 N 061 004900 2500 061 005000 2500 062 A004900 N 062 B004900 0.0 062 C004900 0.0 062 D004900 0.0 062 E004900 0.0 062 F004900 0.0 062 G004900 0.0 062 H004900 0.0 062 I004900 0.0 062 J004900 0.0 062 K004900 0.0 062 L004900 0.0 062 M004900 0.0 062 N004900 0.0 062 O004900 0.0 062 P004900 0.0 062 Q004900 0.0 062 R004900 0.0 062 A005000 N 062 B005000 0.0 062 C005000 0.0 062 D005000 0.0 062 E005000 0.0 062 F005000 0.0 062 G005000 0.0 062 H005000 0.0 062 I005000 0.0 062 J005000 0.0 062 K005000 0.0 PAGE 11 062 L005000 0.0 062 M005000 0.0 062 N005000 0.0 062 O005000 0.0 062 P005000 0.0 062 Q005000 0.0 062 R005000 0.0 063 A004900 0 063 B004900 0.0 063 A005000 0 063 B005000 0.0 066 A004900 Y 066 B004900 N 066 C004900 N 066 D004900 N 066 E004900 Y 066 F004900 N 066 G004900 N 066 A005000 Y 066 B005000 N 066 C005000 Y 066 D005000 N 066 E005000 N 066 F005000 N 066 G005000 N 067 004900 N 067 005000 N 068 A004900 N 068 B004900 N 068 A005000 N 068 B005000 Y 069 004900 N 069 005000 N 070 A014900 Y 070 A024900 N 070 B014900 Y 070 B024900 N 070 C014900 Y 070 C024900 N 070 D014900 Y 070 D024900 N 070 E014900 Y 070 E024900 N 070 F014900 Y 070 F024900 N 070 G014900 Y 070 G024900 N 070 H014900 Y 070 H024900 N 070 I014900 Y 070 I024900 N PAGE 12 070 J014900 Y 070 J024900 N 070 K014900 Y 070 K024900 Y 070 L014900 Y 070 L024900 Y 070 M014900 Y 070 M024900 Y 070 N014900 Y 070 N024900 Y 070 O014900 Y 070 O024900 N 070 P014900 Y 070 P024900 Y 070 Q014900 N 070 Q024900 N 070 R014900 Y 070 R024900 N 070 A015000 Y 070 A025000 N 070 B015000 Y 070 B025000 N 070 C015000 Y 070 C025000 N 070 D015000 Y 070 D025000 N 070 E015000 Y 070 E025000 N 070 F015000 Y 070 F025000 N 070 G015000 Y 070 G025000 N 070 H015000 Y 070 H025000 N 070 I015000 Y 070 I025000 N 070 J015000 Y 070 J025000 N 070 K015000 Y 070 K025000 Y 070 L015000 Y 070 L025000 Y 070 M015000 Y 070 M025000 Y 070 N015000 Y 070 N025000 Y 070 O015000 Y 070 O025000 N 070 P015000 Y 070 P025000 Y 070 Q015000 N PAGE 13 070 Q025000 N 070 R015000 Y 070 R025000 N 071 A004900 832699 071 B004900 598416 071 C004900 4300306 071 D004900 14 071 A005000 132440 071 B005000 166391 071 C005000 342149 071 D005000 39 072 A004900 6 072 B004900 0 072 C004900 55139 072 D004900 0 072 E004900 198 072 F004900 11963 072 G004900 0 072 H004900 0 072 I004900 4374 072 J004900 25 072 K004900 0 072 L004900 0 072 M004900 39 072 N004900 68 072 O004900 0 072 P004900 0 072 Q004900 540 072 R004900 28 072 S004900 22 072 T004900 0 072 U004900 0 072 V004900 0 072 W004900 21 072 X004900 17080 072 Y004900 58 072 Z004900 38315 072AA004900 95928 072BB004900 0 072CC014900 599680 072CC024900 0 072DD014900 57495 072DD024900 0 072EE004900 0 072 A005000 6 072 B005000 0 072 C005000 7820 072 D005000 0 072 E005000 23 072 F005000 1263 072 G005000 0 PAGE 14 072 H005000 0 072 I005000 542 072 J005000 49 072 K005000 0 072 L005000 0 072 M005000 3 072 N005000 42 072 O005000 0 072 P005000 0 072 Q005000 94 072 R005000 28 072 S005000 2 072 T005000 62 072 U005000 0 072 V005000 0 072 W005000 4 072 X005000 2089 072 Y005000 5 072 Z005000 5759 072AA005000 6066 072BB005000 0 072CC015000 0 072CC025000 17243 072DD015000 5202 072DD025000 150 072EE005000 10638 073 A014900 0.5200 073 A024900 0.0000 073 B004900 0.0000 073 C004900 0.0000 073 A015000 0.0000 073 A025000 0.0000 073 B005000 0.0000 073 C005000 0.0000 074 A004900 0 074 B004900 0 074 C004900 0 074 D004900 0 074 E004900 0 074 F004900 4915393 074 G004900 0 074 H004900 0 074 I004900 200266 074 J004900 7143 074 K004900 18 074 L004900 13370 074 M004900 19 074 N004900 5136209 074 O004900 23431 074 P004900 3121 074 Q004900 0 PAGE 15 074 R014900 0 074 R024900 0 074 R034900 0 074 R044900 15611 074 S004900 0 074 T004900 5094046 074 U014900 116563 074 U024900 0 074 V014900 43.70 074 V024900 0.00 074 W004900 0.0000 074 X004900 445242 074 Y004900 0 074 A005000 0 074 B005000 0 074 C005000 0 074 D005000 0 074 E005000 0 074 F005000 340621 074 G005000 0 074 H005000 0 074 I005000 18870 074 J005000 4097 074 K005000 5 074 L005000 1557 074 M005000 917 074 N005000 366067 074 O005000 3644 074 P005000 320 074 Q005000 0 074 R015000 0 074 R025000 0 074 R035000 0 074 R045000 2931 074 S005000 0 074 T005000 359172 074 U015000 33256 074 U025000 1514 074 V015000 0.00 074 V025000 0.00 074 W005000 0.0000 074 X005000 12249 074 Y005000 0 075 A004900 0 075 B004900 4346185 075 A005000 0 075 B005000 360905 076 004900 0.00 076 005000 0.00 077 A000000 Y 077 B000000 N PAGE 16 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 C00AA00 0 081 B00AA00 0 082 B00AA00 0 083 B00AA00 0 084 B00AA00 0 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE ADRIEN E. DEBERGHES TITLE PRESIDENT AND TREASURER EX-99.77Q1 OTHR EXHB 2 q77q1_forsubcustodiansbbh.htm CUSTODY FILE


Exhibit 77Q1 - Additional Items

Item 15
Foreign Sub-Custodian Network For Brown Brothers Harriman
Market	Subcustodian	Zip Code	City / Country
Argentina	CITIBANK, N.A. - BUENOS AIRES BRANCH	C1036AAJ	Buenos Aires / Argentina
Australia	HSBC BANK AUSTRALIA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	2000	Sydney / Australia
Austria	Deutsche Bank AG Vienna Branch	1010	Vienna / Austria
Bahrain	HSBC BANK MIDDLE EAST LIMITED, BAHRAIN BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	428	Manama / Bahrain
Bangladesh	Standard Chartered Bank, Bangladesh Branch	1000	Dhaka / Bangladesh
Belgium	BNP Paribas Securities Services	93500	Brussels / Belgium
Bermuda	HSBC BANK BERMUDA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	HM11	Hamilton / Bermuda
Bosnia	UNICREDIT BANK D.D. FOR UNICREDIT BANK AUSTRIA AG	1090	Vienna / Austria
Botswana	STANBIC BANK BOTSWANA LTD. FOR STANDARD BANK OF SOUTH AFRICA LIMITED	Not Applicable	Gaborone / Botswana
Brazil	Citibank N.A., São Paulo	01311-920	Sao Paulo / Brazil
Bulgaria	CITIBANK EUROPE PLC, BULGARIA BRANCH FOR CITIBANK, N.A.	1404	Sofia / Bulgaria
Canada	RBC INVESTOR SERVICES TRUST FOR ROYAL BANK OF CANADA (RBC)	M5V 3L3	Toronto / Canada
Chile	Banco de Chile	7550611	Santiago / Chile
China	Standard Chartered Bank (China) Limited	200120	Shanghai / China
Colombia	Cititrust Colombia, S.A. Sociedad Fiduciaria	Not Applicable	Bogota / Colombia
Costa Rica	BANCO BCT SA FOR CORPORACION BCT SA	10103	San Jose / Costa Rica
Croatia	ZAGREBACKA BANKA D.D. FOR UNICREDIT BANK AUSTRIA AG	1090	Vienna / Austria
Cyprus	BNP Paribas Securities Services	115 28	Athens / Greece
Czech Republic	CITIBANK EUROPE PLC, ORGANIZAÈNÍ SLOZKA FOR CITIBANK, N.A.	158 02	Praha / Czech Republic
Denmark	SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), DANMARK BRANCH	DK-1014	Copenhagen / Denmark
Egypt	HSBC Bank Egypt S.A.E. for the Hongkong & Shanghai Banking Corporation Limited (HSBC)	11511	Cairo / Egypt
Estonia	SWEDBANK AS FOR NORDEA BANK FINLAND PLC AND NORDEA BANK AB (PUBL)	FI-00020 NORDEA	Tallinn / Finland
Finland	Nordea Bank Finland Plc	FI-00020 NORDEA	Helsinki / Finland
France	BNP Paribas Securities Services S.A., Paris Branch	93500	Paris / France
Germany	Deutsche Bank AG, Frankfurt	D-65760	Frankfurt / Germany
Ghana	STANDARD CHARTERED BANK GHANA LIMITED FOR STANDARD CHARTERED BANK & STANDARD CHARTERED BANK GHANA LIMITED	00233	Accra / Ghana
Greece	HSBC BANK PLC - ATHENS BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	11526	Athens / Greece
Hong Kong	The Hongkong & Shanghai Banking Corporation Limited (HSBC)	Not Applicable	Central / Hong Kong
Hungary	UNICREDIT BANK HUNGARY ZRT FOR UNICREDIT BANK HUNGARY ZRT AND UNICREDIT BANK AUSTRIA AG	HU-1054	Budapest / Hungary
Iceland	LANDSBANKINN HF.	155	Reykjavik / Iceland
India	Citibank, N.A., Mumbai Branch	400 051	Mumbai / India
	The Hongkong & Shanghai Banking Corporation Limited (HSBC), India Branch	400 0057	Mumbai / India
Indonesia	Citibank, N.A., Jakarta Branch	12190	Jakarta / Indonesia
Ireland	Citibank N.A., London Branch	E14 5LB	London / UK
Israel	Bank Hapoalim BM	66883	Tel Aviv / Israel
Italy	BNP Paribas Securities Services, Milan Branch	20123	Milan / Italy
Ivory Coast	STANDARD CHARTERED BANK COTE D'IVOIRE FOR STANDARD CHARTERED BANK	1141	Abidjan / Ivory Coast
Japan	Bank of Tokyo-Mitsubishi UFJ Ltd	103-0021	Tokyo / Japan
Kazakhstan	SB HSBC BANK KAZAKHSTAN JSC FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	50010	Almaty / Kazakhstan
Kenya	CFC STANBIC BANK LIMITED FOR STANDARD BANK OF SOUTH AFRICA LIMITED	00200	Nairobi / Kenya
Kuwait	HSBC BANK MIDDLE EAST LIMITED - KUWAIT BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD. (HSBC)	13017	Kuwait City, Kuwait
Latvia	SWEDBANK" AS FOR NORDEA BANK FINLAND PLC AND NORDEA BANK AB (PUBL)	FI-00020 NORDEA	Helsinki / Finland
Lebanon	HSBC BANK MIDDLE EAST LIMITED - LEBANON BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	Not Applicable	Beirut / Lebanon
Lituania	"SWEDBANK" AB FOR NORDEA BANK FINLAND PLC AND NORDEA BANK AB (PUBL)	FI-00020 NORDEA	Helsinki / Finland
Luxembourg	KBL European Private Bankers S.A.	L-2955	Luxembourg
Malaysia	Standard Chartered Bank Malaysia Berhad for Standard Chartered Bank	50250	Kuala Lumpur / Malaysia
Mauritius	Hongkong & Shanghai Banking Corporation (HSBC), Mauritius Branch	Not Applicable	Port Louis / Mauritius
Mexico	Banco Nacional de Mexico, S.A. (Banamex) for Citibank N.A.	1210	Mexico City / Mexico
Morocco	Citibank Maghreb for Citibank N.A.	20190	Casablanca / Morocco
Namibia	Standard Bank Namibia Ltd for Standard Bank of South Africa Limited	Not Applicable	Windhoek / Namibia
Netherlands	BNP Paribas Securities Services,	93500	Amsterdam / Netherlands
New Zealand	Hongkong & Shanghai Banking Corporation Limited (HSBC), New Zealand Branch	1010	Auckland / New Zealand
Nigeria	Stanbic IBTC Bank Plc for Standard Bank of South Africa Limited	101007	Lagos / Nigeria
Norway	NORDEA BANK NORGE ASA FOR NORDEA BANK NORGE ASA AND NORDEA BANK AB (PUBL)	NO-0107	Oslo / Norway
Oman	HSBC BANK OMAN SAOG FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	PC 112	Ruwi / Oman
Pakistan	STANDARD CHARTERED BANK (PAKISTAN) LIMITED FOR STANDARD CHARTERED BANK	74000	Karachi / Pakistan
Palestine	HSBC BANK MIDDLE EAST LIMITED - PALESTINE BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	Not Applicable	Ramallah / Palestine
Peru	Citibank del Peru S.A. for Citibank N.A.	27	Lima / Peru
Philippines	Hongkong & Shanghai Banking Corporation (HSBC), Philippine Branch	1634	Manila / Philippines
Poland	Bank Handlowy w Warszawie SA (BHS) for Citibank N.A.	00-923	Warsaw / Poland
Portugal	BNP Paribas Securities Services	93500	Paris / France
Qatar	HSBC BANK MIDDLE EAST LTD - QATAR BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	JE4 8UB	Doha / Qatar
Romania	Citibank Europe plc - Romanian branch	11745	Bucharest / Romania
Russia	ZAO Citibank for Citibank N.A.	125047	Moscow / Russia
Saudi Arabia	HSBC SAUDI ARABIA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	11413	Riyadh / Saudi Arabia
Serbia	UNICREDIT BANK SERBIA JSC FOR UNICREDIT BANK AUSTRIA AG	1090	Belgrade / Serbia
Singapore	Standard Chartered Bank, Singapore branch	18981	Singapore
Slovakia	Citibank Europe plc - Slovak Republic	811 02	Bratislava / Slovakia
Slovenia	UNICREDIT BANKA SLOVENIJA DD FOR UNICREDIT BANKA SLOVENIJA DD & UNICREDIT BANK AUSTRIA AG	1090	Vienna / Austria
South Africa	Societe Generale, Johannesburg (SG) Johannesburg	2001	Johannesburg / South Africa
South Korea	Citibank Korea Inc. for Citibank N.A.	100-180	Seoul / South Korea
Spain	Société Générale Sucursal en España S.A.	28016	Madrid / Spain
Sri Lanka	Hongkong & Shanghai Banking Corporation Limited (HSBC), Sri Lanka Branch	Not Applicable	Colombo / Sri Lanka
Swaziland	STANDARD BANK SWAZILAND LTD. FOR STANDARD BANK OF SOUTH AFRICA LIMITED	Not Applicable	Mbabane / Swaziland
Sweden	Skandinaviska Enskilda Banken AB (publ)	SE-106 40	Stockholm / Sweden
Switzerland	UBS AG	CH-8098	Zurich / Switzerland
Taiwan	Standard Chartered Bank (Taiwan) Ltd. For Standard Chartered Bank	105	Taipei / Taiwan
Tanzania	STANDARD CHARTERED BANK TANZANIA LIMITED AND STANDARD CHARTERED BANK (MAURITIUS) LIMITED FOR STANDARD CHARTERED BANK	Not Applicable	Port Louis / Mauritius
Thailand	Hongkong & Shanghai Banking Corporation Limited (HSBC), Thailand Branch	10500	Bangkok / Thailand
Transnational	Brown Brothers Harriman & Co. (BBH & Co.)	10005-1101	Boston, MA / New York, NY
Trinidad & Tobago	REPUBLIC BANK LIMITED	Not Applicable	Port of Spain / Trinidad & Tobago
Tunisia	BANQUE INTERNATIONALE ARABE DE TUNISIE (BIAT)	1080	Tunis / Tunisia
Turkey	Citibank Anonim Sirkiti for Citibank N.A.	34394	Istanbul / Turkey
Uganda	STANDARD CHARTERED BANK UGANDA LIMITED FOR STANDARD CHARTERED BANK	256	Kampala / Uganda
Ukraine	PUBLIC JOINT STOCK COMPANY "CITIBANK" FOR CITIBANK, N.A.	4070	Kiev / Ukraine
United Arab Emirates (ADX, DFM and NASDAQ Dubai)	HSBC BANK MIDDLE EAST LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	337-1500	Dubai / UAE
United Kingdom	HSBC Bank Plc	E14 5HQ	London / UK
Uruguay	BANCO ITAÚ URUGUAY S.A. FOR BANCO ITAÚ URUGUAY S.A. AND ITAÚ UNIBANCO S.A.	11000	Montevideo / Uruguay
Venezuela	Citibank, N.A., Caracas Branch	1050	Caracas / Venezuela
Vietnam	HSBC BANK (VIETNAM) LTD. FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC)	Not Applicable	Hanoi, Vietnam
Zambia	STANBIC BANK ZAMBIA LTD. FOR STANDARD BANK OF SOUTH AFRICA LIMITED	10101	Lusaka / Zambia
Zimbabwe	STANBIC BANK ZIMBABWE LTD. FOR STANDARD BANK OF SOUTH AFRICA LIMITED	Not Applicable	Harare / Zimbabwe

EX-99.77Q1 OTHR EXHB 3 q77q1_forsubcustodiansbnm.htm CUSTODY FILE


Exhibit 77Q1 - Additional Items

Item 15
Foreign Sub-Custodian Network for BNY Mellon

Country	Subcustodian Name	City	Postal Code
Argentina	Citibank, N.A. - Buenos Aires Branch	Buenos Aires	C1036AAJ
Australia	National Australia Bank Ltd	Melbourne	3000
Austria	UniCredit Bank Austria AG	Vienna	1010
Austria	Bank Austria, Creditanstalt	Vienna	1010
Bahrain	HSBC Bank Middle East Limited	Manama	428
Bangladesh	The Hongkong and Shanghai Banking Corporation	Dhaka	1208
Belgium	Citibank International Plc	Amsterdam	1118
Benin	Societe Generale de Banques en Cote D'ivoire	Abidjan	1355
Bermuda	HSBC Bank Bermuda Limited	Hamilton	HM11
Botswana	Stanbic Bank Botswana Ltd.	Gaborone
Brazil	Citibank, N.A. - Sao Paulo	Sao Paulo	S.P. 01311
Brazil	Itaú Unibanco S.A.	Sao Paulo	04344-902
Bulgaria	Citibank Europe plc, Bulgaria Branch	Sofia	1000
Canada	Canadian Imperial Bank of Commerce	Toronto	ON M5L 1G9
Canada	CIBC Mellon Trust Co	Toronto	ON M5L 1G9
Chile	Banco de Chile	Santiago	755-0611
Chile	Banco Itau	Santiago	755-0611
China- Shenzhen	HSBC Bank (China) Company Limited	Shenzhen	200120
China-Shanghai	HSBC Bank (China) Company Limited	Shanghai	200120
Colombia	Cititrust Colombia S.A.	Bogota
Costa Rica	Banco Nacional de Costa Rica	San Jose
Croatia	Privredna Banka Zagreb D.D.	Zagreb	10000
Cyprus	BNP Paribas Securities Services, Athens	Athens	115 28
Czech Republic	Citibank Europe plc, organizacni slozka	Prague	158 02
Denmark	Skandinaviska Enskilda Banken AB, Copenhagen Branch	Copenhagen	1577
Ecuador	Banco de la Produccion (Produbanco)	Quito
Egypt	The Hongkong and Shanghai Banking Corporation Limited, Egypt S.A.E.	Cairo
Estonia	Skandinaviska Enskilda Banken AB	Tallinn	15010
Euromarkets	Clearstream Banking Luxembourg	Brussels	B-1210
Euromarkets	Euroclear Bank	Brussels	B-1210
Finland	Skandinaviska Enskilda Banken AB, Helsinki	Helsinki	FI-00100
France	BNP Paribas Securities Services	Paris	75008
Germany	The Bank of New York Mellon SA/NV	Frankfurt am Main	60487
Ghana	Stanbic Bank of Ghana Ltd.	Accra
Greece	BNP Paribas Securities Services, Athens	Athens	115 28
Guinea Bissau	Société Générale de Banques en Côte d'Ivoire	Abidjan	01 BP 1355
Hong Kong SAR	The Hongkong and Shanghai Banking Corporation Limited	Kowloon
Hungary	Citibank Europe plc. Hungarian Branch Office	Budapest	1051
Iceland	Landsbankinn nf	Reykjavik	155
Iceland	Islandsbanki hf	Reykjavik	155
India	Deutsche Bank (DB) Mumbai	Mumbai	400 063
India	The Hongkong and Shanghai Banking Corporation	Mumbai	400 057
Indonesia	Deutsche Bank AG, Jakarta	Jakarta	12930
Ireland	The Bank of New York Mellon SA/NV	London	M1 1RN
Israel	Bank Hapoalim B.M.	Tel Aviv	65546
Italy	Intesa Sanpaolo S.p.A.	Milan	20120
Ivory Coast	Société Générale de Banques en Côte d'Ivoire	Abidjan	01 BP 1355
Japan	Mizuho Corporate Bank Ltd, Tokyo	Tokyo	103-0021
Japan	The Bank of Tokyo Mitsubishi UFJ Ltd, Tokyo	Tokyo	103-0021
Kazakhstan	JSC Citibank Kazakhstan	Almaty	50010
Kenya	CFC Stanbic Bank Limited	Nairobi	00-100
Kuwait	HSBC Bank Middle East Limited - Kuwait Branch	Safat	13017
Latvia	Skandinaviska Enskilda Banken AB	Riga	1076
Lebanon	HSBC Bank Middle East Limited	Beirut
Lithuania	Skandinaviska Enskilda Banken AB	Vilnius	1076
Luxembourg	Euroclear	Brussels	B-1210
Malaysia	HSBC Bank Malaysia Berhad	Kuala Lumpur	50100
Mali	Société Générale de Banques en Côte d'Ivoire	Abidjan	01 BP 1355
Malta	The Bank of New York Mellon SA/NV	Frankfurt am Main	60327
Mauritius	The Hongkong and Shanghai Banking Corporation Limited, Mauritius Branch	Ebene
Mexico	Banco Nacional de México S.A. (Banamex S.A.)	Mexico City	11700
Morocco	Citibank Maghreb	Casablanca	20190
Namibia	Standard Bank Namibia Limited	Windhoek
Netherlands	The Bank of New York Mellon SA/NV	Brussels	1000
New Zealand	National Australia Bank New Zealand - National Nominees Ltd	Auckland
New Zealand	National Australia Bank Ltd	Auckland
Niger	Societe Generale de Banques en Cote D'ivoire	Abidjan	01 BP 1355
Nigeria	Stanbic IBTC Chartered Bank Plc	Victoria Island, Lagos
Norway	Skandinaviska Enskilda Banken AB, Oslo Branch	Oslo	250
Oman	HSBC Bank Middle East Limited - Oman Branch	Seeb	111
Oman	HSBC	Ruwi	111
Pakistan	Deutsche Bank AG	Karachi	75330
Palestinian Autonomous Area	HSBC Bank Middle East Limited,	Ramallah	West Bank
Peru	Citibank del Perú	Lima	27
Philippines	Deutsche Bank AG	Makati City	1226
Poland	ING Bank Slaski S.A., Katowice	Katowice	40-086
Portugal	Citibank International Plc, Sucursal em Portugal	Lisbon	1269-056
Qatar	HSBC Bank Middle East Limited - Qatar Branch	Doha
Romania	Citibank Europe plc. Romania Branch	Bucharest	10072
Russia	Deutsche Bank Ltd.	Moscow	115035
Russia	ZAO Citibank Moscow	Moscow	125047
Saudi Arabia	HSBC	Riyadh	11413
Senegal	Société Générale de Banques en Côte d'Ivoire	Abidjan	01 BP 1355
Serbia	UniCredit Bank Austria AG	Belgrade	11000
Serbia	UniCredit Bank Serbia JSC	Belgrade	11000
Singapore	United Overseas Bank	Singapore	69544
Singapore	DBS Bank Limited	Singapore	69544
Slovak Republic	Citibank Europe plc, pobocka zahranicnej banky	Bratislava	825 01
Slovenia	UniCredit Banka Slovenia d.d.	Ljubljana	1000
South Africa	Standard Bank of South Africa Limited	Johannesburg	2001
South Korea	The Hongkong and Shanghai Banking Corporation Limited	Seoul	1-KA
South Korea	Deutsche Bank AG	Seoul	110-752
South Korea	HSBC	Seoul	1-KA
Spain	Banco Bilbao Vizcaya Argentaria, Madrid	Madrid	28660
Spain	Santander Investment, S.A.	Madrid	28660
Sri Lanka	The Hongkong and Shanghai Banking Corporation Limited, Colombo	Colombo	0-1
Swaziland	Standard Bank Swaziland Limited, Mbabane	Mbabane	H101
Sweden	Skandinaviska Enskilda Banken AB	Stockholm	106 40
Switzerland	Crédit Suisse AG	Zurich	8098
Switzerland	UBS AG	Zurich	8098
Taiwan	HSBC Bank (Taiwan) Limited	Taipei	115
Thailand	The Hongkong and Shanghai Banking Corporation Limited, Bangkok	Bangkok	10500
Trinidad & Tobago	Republic Bank Ltd	Port of Spain
Tunisia	Banque Internationale Arabe de Tunisie	Tunis	520
Turkey	Deutsche Bank A.S.	Istanbul	34394
Ukraine	PJSC Citibank	Kiev	4070
United Arab Emirates	HSBC Bank Middle East Limited	Dubai	Gate District
United Kingdom	The Bank of New York Mellon SA/NV	London	M1 1RN
United States	The Bank of New York Mellon	New York	10286
United States	The Bank of New York Mellon	New York	10286
Uruguay	Banco Itau Uruguay S.A.	Montevideo	11000
Venezuela	Citibank, N.A., Caracas	Caracas	1050DC
Vietnam	HSBC Bank (Vietnam) Ltd	Ho Chi Minh City	District 1
Zambia	Stanbic Bank Zambia Plc	Lusaka	10101
Zimbabwe	Stanbic Bank of Zimbabwe Ltd	Harare

EX-99.77Q1 OTHR EXHB 4 q77q1_subadvisory_eq.htm SUBADVISOR FILE

AMENDED AND RESTATED
SUB-ADVISORY AGREEMENT

between

FIDELITY MANAGEMENT & RESEARCH COMPANY

and

FIDELITY MANAGEMENT & RESEARCH (Japan) LIMITED

AGREEMENT AMENDED and RESTATED as of this 1st day of December, 2014, by and between Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 245 Summer Street, Boston, Massachusetts (hereinafter called the "Advisor"), and Fidelity Management & Research (Japan) Limited (hereinafter called the "Sub-Advisor").

WHEREAS the Advisor has entered into various management contracts (each a "Management Contract") with those Massachusetts business trusts and Delaware statutory trusts, each a registered investment company issuing one or more series of shares of beneficial interest (each a "Trust") on behalf of each of their respective portfolios listed on Schedule A attached hereto, as the same may be amended from time to time (each a "Portfolio"), pursuant to which the Advisor acts as investment manager to each of the Portfolios;

WHEREAS the Sub-Advisor and its subsidiaries and other affiliated persons have personnel in various locations throughout the world and have been formed in part for the purpose of researching and compiling information and recommendations with respect to the economies of various countries, and securities of issuers located in such countries, and providing investment advisory services in connection therewith;

NOW, THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Trust, the Advisor and the Sub-Advisor agree as follows:

1. Duties: The Advisor may, in its discretion, appoint the Sub-Advisor to perform one or more of the following services with respect to all or a portion of the investments of the Portfolio. The services and the portion of the investments of the Portfolio to be advised or managed by the Sub-Advisor shall be as agreed upon from time to time by the Advisor and the Sub-Advisor. The Sub-Advisor shall pay the salaries and fees of all personnel of the Sub-Advisor performing services for the Portfolio relating to research, statistical and investment activities.

(a) Investment Advice: If and to the extent requested by the Advisor, the Sub-Advisor shall provide investment advice to the Portfolio and the Advisor with respect to all or a portion of the investments of the Portfolio, and in connection with such advice shall furnish the Portfolio and the Advisor such factual information, research reports and investment recommendations as the Advisor may reasonably require. Such information may include written and oral reports and analyses.

(b) Investment Management: If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

(c) Subsidiaries and Affiliates: The Sub-Advisor may perform any or all of the services contemplated by this Agreement directly or through such of its subsidiaries or other affiliated persons as the Sub-Advisor shall determine; provided, however, that performance of such services through such subsidiaries or other affiliated persons shall have been approved by the Trust to the extent required pursuant to the 1940 Act and rules thereunder.

2. Information to be Provided to the Trust and the Advisor: The Sub-Advisor shall furnish such reports, evaluations, information or analyses to the Trust and the Advisor as the Trust's Board of Trustees or the Advisor may reasonably request from time to time, or as the Sub-Advisor may deem to be desirable.

3. Brokerage: In connection with the services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub-Advisor shall place all orders for the purchase and sale of portfolio securities for the Portfolio's account with brokers or dealers selected by the Sub-Advisor, which may include brokers or dealers affiliated with the Advisor or Sub-Advisor. The Sub-Advisor shall use its best efforts to seek to execute portfolio transactions at prices which are advantageous to the Portfolio and at commission rates which are reasonable in relation to the benefits received. In selecting brokers or dealers qualified to execute a particular transaction, brokers or dealers may be selected who also provide brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934) to the Portfolio and/or to the other accounts over which the Sub-Advisor or Advisor exercise investment discretion. The Sub-Advisor is authorized to pay a broker or dealer who provides such brokerage and research services a commission for executing a portfolio transaction for the Portfolio which is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Sub-Advisor determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage and research services provided by such broker or dealer. This determination may be viewed in terms of either that particular transaction or the overall responsibilities which the Sub-Advisor has with respect to accounts over which it exercises investment discretion. The Trustees of the Trust shall periodically review the commissions paid by the Portfolio to determine if the commissions paid over representative periods of time were reasonable in relation to the benefits to the Portfolio.

4. Compensation: The Advisor shall compensate the Sub-Advisor on the following basis for the services to be furnished hereunder.

(a) Investment Advisory Fee: For services provided under subparagraph (a) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Sub-Advisory Fee. The Sub-Advisory Fee shall be equal to 110% of the Sub-Advisor's costs incurred in connection with rendering the services referred to in subparagraph (a) of paragraph 1 of this Agreement. The Sub-Advisory Fee shall not be reduced to reflect expense reimbursements or fee waivers by the Advisor, if any, in effect from time to time.

(b) Investment Management Fee: For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor's costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the management fee paid to the Advisor pursuant to its management contract with respect to the Portfolio) (the minimum fee described in this proviso being referred to herein as the "Minimum Investment Management Fee"). If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii), subject to the Minimum Investment Management Fee. If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers or reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered.

(c) Provision of Multiple Services: If the Sub-Advisor shall have provided both investment advisory services under subparagraph (a) and investment management services under subparagraph (b) of paragraph (1) for the same portion of the investments of the Portfolio for the same period, the fees paid to the Sub-Advisor with respect to such investments shall be calculated exclusively under subparagraph (b) of this paragraph 4.

5. Expenses: It is understood that the Portfolio will pay all of its expenses other than those expressly stated to be payable by the Sub-Advisor hereunder or by the Advisor under the Management Contract with the Portfolio.

6. Interested Persons: It is understood that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor or the Sub-Advisor as directors, officers or otherwise and that directors, officers and stockholders of the Advisor or the Sub-Advisor are or may be or become similarly interested in the Trust, and that the Advisor or the Sub-Advisor may be or become interested in the Trust as a shareholder or otherwise.

7. Services to Other Companies or Accounts: The services of the Sub-Advisor to the Advisor are not to be deemed to be exclusive, the Sub-Advisor being free to render services to others and engage in other activities, provided, however, that such other services and activities do not, during the term of this Agreement, interfere, in a material manner, with the Sub-Advisor's ability to meet all of its obligations hereunder. The Sub-Advisor shall for all purposes be an independent contractor and not an agent or employee of the Advisor or the Trust.

8. Standard of Care: In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Advisor, the Sub-Advisor shall not be subject to liability to the Advisor, the Trust or to any shareholder of the Portfolio for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security.

9. Duration and Termination of Agreement; Amendments:

(a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until July 31, 2015 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio.

(b) This Agreement may be modified by mutual consent of the Advisor, the Sub-Advisor and the Portfolio subject to the provisions of Section 15 of the 1940 Act, as modified by or interpreted by any applicable order or orders of the Securities and Exchange Commission (the "Commission") or any rules or regulations adopted by, or interpretative releases or no-action letters of, the Commission or its staff.

(c) In addition to the requirements of subparagraphs (a) and (b) of this paragraph 9, the terms of any continuance or modification of this Agreement must have been approved by the vote of a majority of those Trustees of the Trust who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.

(d) Either the Advisor, the Sub-Advisor or the Portfolio may, at any time on sixty (60) days' prior written notice to the other parties, terminate this Agreement, without payment of any penalty, by action of its Board of Trustees or Directors, or with respect to the Portfolio by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically in the event of its assignment.

10. Limitation of Liability: The Sub-Advisor is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Declaration of Trust or other organizational document of the Trust and agrees that any obligations of the Trust or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Sub-Advisor shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Sub-Advisor seek satisfaction of any such obligation from the Trustees or any individual Trustee.

11. Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to the choice of laws provisions thereof.

The terms "registered investment company," "vote of a majority of the outstanding voting securities," "assignment," and "interested persons," when used herein, shall have the respective meanings specified in the 1940 Act as now in effect or as hereafter amended, and subject to such orders or no-action letters as may be granted by the Commission or its staff.

IN WITNESS WHEREOF the parties hereto have caused this instrument to be signed in their behalf by their respective officers thereunto duly authorized, and their respective seals to be hereunto affixed, all as of the date written above.

FIDELITY MANAGEMENT & RESEARCH (Japan) LIMITED

BY:	/s/William E. Dailey
	William E. Dailey
	Treasurer

FIDELITY MANAGEMENT & RESEARCH COMPANY

BY:	/s/William E. Dailey
	William E. Dailey
	Treasurer