SUB-ADVISORY AGREEMENT
between
FMR CO., INC. and
FIDELITY MANAGEMENT & RESEARCH COMPANY
AGREEMENT made this 15th day of June, 2011, by and between FMR Co., Inc., a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the ´´Sub-Adviser") and Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the ´´Adviser").
WHEREAS the Adviser has entered into a Management Contract with Fidelity Securities Fund, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the ´´Fund"), on behalf of Fidelity Series Real Estate Equity Fund (hereinafter called the ´´Portfolio"), pursuant to which the Adviser is to act as investment manager and adviser to the Portfolio, and
WHEREAS the Sub-Adviser was formed for the purpose of providing investment management of equity and high income funds and advising generally with respect to equity and high income instruments.
NOW, THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the Adviser and the Sub-Adviser agree as follows:
1. (a) The Sub-Adviser shall, subject to the supervision of the Adviser, direct the investments of all or such portion of the Portfolio's assets as the Adviser shall designate in accordance with the investment objective, policies and limitations as provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the ´´1940 Act"), and such other limitations as the Portfolio may impose by notice in writing to the Adviser or Sub-Adviser. The Sub-Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all personnel of the Sub-Adviser performing services for the Portfolio relating to research, statistical and investment activities. The Sub-Adviser is authorized, in its discretion and without prior consultation with the Portfolio or the Adviser, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio. The investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's Board of Trustees.
(b) The Sub-Adviser shall also furnish such reports, evaluations, information or analyses to the Fund and the Adviser as the Fund's Board of Trustees or the Adviser may request from time to time or as the Sub-Adviser may deem to be desirable. The Sub-Adviser shall make recommendations to the Fund's Board of Trustees with respect to Portfolio policies, and shall carry out such policies as are adopted by the Trustees. The Sub-Adviser shall, subject to review by the Board of Trustees, furnish such other services as the Sub-Adviser shall from time to time determine to be necessary or useful to perform its obligations under this Agreement and which are not otherwise furnished by the Adviser.
(c) The Sub-Adviser 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-Adviser, which may include brokers or dealers affiliated with the Adviser or Sub-Adviser. The Sub-Adviser 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 the other accounts over which the Sub-Adviser, Adviser or their affiliates exercise investment discretion. The Sub-Adviser 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-Adviser 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-Adviser and its affiliates have with respect to accounts over which they exercise investment discretion. The Trustees of the Fund 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.
2. As compensation for the services to be furnished by the Sub-Adviser hereunder, the Adviser agrees to pay the Sub-Adviser a monthly fee equal to 50% of the management fee (including performance adjustments, if any) that the Portfolio is obligated to pay the Adviser under the Portfolio's Management Contract with the Adviser in respect of that portion of the Portfolio's assets managed by the Sub-Adviser during such month. Such fee shall not be reduced to reflect expense reimbursements or fee waivers by the Adviser, if any, in effect from time to time.
3. It is understood that Trustees, officers, and shareholders of the Fund are or may be or become interested in the Adviser or the Sub-Adviser as directors, officers or otherwise and that directors, officers and stockholders of the Adviser or the Sub-Adviser are or may be or become similarly interested in the Fund, and that the Adviser or the Sub-Adviser may be or become interested in the Fund as a shareholder or otherwise.
4. It is understood that the Portfolio will pay all its expenses other than those expressly stated to be payable by the Sub-Adviser hereunder or by the Adviser under the Management Contract with the Portfolio.
5. The Services of the Sub-Adviser to the Adviser are not to be deemed to be exclusive, the Sub-Adviser 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-Adviser's ability to meet all of its obligations with respect to rendering investment advice hereunder. The Sub-Adviser shall for all purposes be an independent contractor and not an agent or employee of the Adviser or the Fund.
6. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser, the Sub-Adviser 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.
7. (a) Subject to prior termination as provided in sub-paragraph (d) of this paragraph 7, this Agreement shall continue in force until July 31, 2012 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Fund'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 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 interpretive releases or no-action letters of, the Commission or its staff.
(c) In addition to the requirements of sub-paragraphs (a) and (b) of this paragraph 7, the terms of any continuance or modification of the Agreement must have been approved by the vote of a majority of those Trustees of the Fund who are not parties to such 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 Adviser, the Sub-Adviser 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 by vote of a majority of its outstanding voting securities. This Agreement shall terminate automatically upon the termination of the Management Contract between the Fund, on behalf of the Portfolio, and the Adviser. This Agreement shall terminate automatically in the event of its assignment.
8. The Sub-Adviser 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 Fund and agrees that any obligations of the Fund or the Portfolio arising in connection with this Agreement shall be limited in all cases to the Portfolio and its assets, and the Sub-Adviser shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio. Nor shall the Sub-Adviser seek satisfaction of any such obligation from the Trustees or any individual Trustee.
9. 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 Investment Company Act of 1940 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.
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FMR CO., INC. |
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BY: |
/s/JS Wynant |
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JS Wynant |
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Treasurer |
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FIDELITY MANAGEMENT & RESEARCH COMPANY |
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BY: |
/s/JS Wynant |
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JS Wynant |
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Senior Vice President |
The nonfundamental loan policy for Fidelity Leveraged Company Stock Fund has been modified as follows (new text is underlined; deletions are struck through):
The fund does not currently intend to lend assets other than securities to other
parties, except by (a) making direct loans to companies in which the fund has a
pre-existing investment (ab) lending money (up to 15% of the fund's net assets)
to a registered investment company or portfolio for which FMR or an affiliate
serves as investment adviser or (bc) assuming any unfunded commitments in
connection with the acquisition of loans, loan participations, or other forms of
debt instruments. (This limitation does not apply to purchases of debt securities,
to repurchase agreements, or to acquisitions of loans, loan participations or other
forms of debt instruments.)
Fidelity Blue Chip Growth Fund and Fidelity Growth & Income Portfolio:
On January 27, 2012 a complaint entitled Bennett, et al. v. Fidelity Management & Research Co. and FMR Co., Inc. was voluntarily dismissed by the plaintiffs. The complaint was filed in the U.S. District Court for the District of Massachusetts on July 23, 2004 alleging, among other things, that the defendants breached their fiduciary duties by charging excessive management fees in violation of Section 36(b) of the 1940 Act.
Exhibit 77Q1 - Additional Items |
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Because the electronic format for filing Form N-SAR does not provide adequate space for responding to Item 15, the registrant has included the complete list of foreign sub-custodians below. |
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Item 15 |
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Brown Brothers Harriman |
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Market |
Subcustodian |
City / Country |
Australia |
HSBC Bank Australia Limited |
Sydney / Australia |
Austria |
Deutsche Bank AG Vienna Branch |
Vienna / Austria |
Bahrain |
HSBC Bank Middle East Limited, Bahrain Branch |
Manama / Bahrain |
Bangladesh |
Standard Chartered Bank, Bangladesh Branch |
Dhaka / Bangladesh |
Belgium |
BNP Paribas Securities Services, Paris Branch |
Brussels / Belgium |
Bermuda |
HSBC Bank Bermuda Limited |
Hamilton / Bermuda |
Botswana |
Stanbic Bank Botswa N/A Ltd |
Gaborone / Botswana |
Brazil |
Citibank N.A., São Paulo |
Sao Paulo / Brazil |
Bulgaria |
ING Bank, N.V., Sofia Branch |
Sofia / Bulgaria |
Canada |
RBC Dexia Investor Services Trust (RBC Dexia) |
Toronto / Canada |
Chile |
Banco de Chile |
Santiago / Chile |
China |
Standard Chartered Bank (China) Limited |
Shanghai / China |
Colombia |
Cititrust Colombia, S.A. Sociedad Fiduciaria |
Bogota / Colombia |
Cyprus |
BNP Paribas Securities Services, Athens Branch |
Athens / Greece |
Czech Republic |
Citibank Europe plc |
Praha / Czech Republic |
Denmark |
Danske Bank A/S |
Copenhagen / Denmark |
Egypt |
Citibank, N.A., Cairo Branch |
Cairo / Egypt |
Estonia |
Swedbank AS |
Tallinn / Finland |
Finland |
Nordea Bank Finland Plc |
Helsinki / Finland |
France |
BNP Paribas Securities Services S.A., Paris Branch |
Paris / France |
Germany |
Deutsche Bank AG, Frankfurt |
Frankfurt / Germany |
Ghana |
Standard Chartered Bank Ghana Limited |
Accra / Ghana |
Greece |
HSBC Bank Plc, Athens Branch |
Athens / Greece |
Hong Kong |
Hongkong & Shanghai Banking Corporation (HSBC) |
Central / Hong Kong |
Hungary |
UniCredit Bank Hungary ZRT |
Budapest / Hungary |
India |
Citibank, N.A., Mumbai Branch |
Mumbai / India |
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Hongkong & Shanghai Banking Corporation (HSBC), India Branch |
Mumbai / India |
Indonesia |
Citibank, N.A., Jakarta Branch |
Jakarta / Indonesia |
Ireland |
Citibank N.A., London Branch |
London / UK |
Israel |
Bank Hapoalim BM |
Tel Aviv / Israel |
Italy |
BNP Paribas Securities Services, Milan Branch |
Milan / Italy |
Japan |
Bank of Tokyo-Mitsubishi UFJ Ltd |
Tokyo / Japan |
Jordan |
HSBC Bank Middle East Limited, Jordan Branch |
Western Amman / Jordan |
Kenya |
CfC Stanbic Bank Ltd |
Nairobi / Kenya |
Lebanon |
HSBC Bank Middle East Limited, Lebanon Branch |
Beirut / Lebanon |
Luxembourg |
Kredietbank Luxembourg |
Luxembourg |
Malaysia |
Standard Chartered Bank Malaysia Berhad |
Kuala Lumpur / Malaysia |
Mauritius |
Hongkong & Shanghai Banking Corporation (HSBC), Mauritius Branch |
Port Louis / Mauritius |
Mexico |
Banco Nacional de Mexico, S.A. (Banamex) |
Mexico City / Mexico |
Morocco |
Citibank Maghreb |
Casablanca / Morocco |
Namibia |
Standard Bank Namibia Limited |
Windhoek / Namibia |
Netherlands |
BNP Paribas Securities Services, Paris Branch |
Amsterdam / Netherlands |
New Zealand |
Hongkong & Shanghai Banking Corporation (HSBC), New Zealand Branch |
Auckland / New Zealand |
Nigeria |
Stanbic IBTC Bank Plc |
Lagos / Nigeria |
Norway |
DNB Bank Nor ASA |
Oslo / Norway |
Oman |
HSBC Bank Middle East Limited, Oman Branch |
Ruwi / Oman |
Pakistan |
Standard Chartered Bank (Pakistan) Limited |
Karachi / Pakistan |
Peru |
Citibank del Peru S.A. |
Lima / Peru |
Philippines |
Hongkong & Shanghai Banking Corporation (HSBC), Philippine Branch |
Manila / Philippines |
Poland |
Bank Handlowy w Warszawie SA |
Warsaw / Poland |
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Bank Polska Kasa Opieki SA |
Warsaw / Poland |
Portugal |
BNP Paribas Securities Services S.A., Paris Branch |
Paris / France |
Romania |
ING Bank N.V., Bucharest Branch |
Bucharest / Romania |
Russia |
ZAO Citibank |
Moscow / Russia |
Singapore |
Standard Chartered Bank, Singapore branch |
Singapore |
Slovakia |
ING Bank NV, Bratislava Branch |
Bratislava / Slovakia |
Slovenia |
UniCredit Banka Slovenija d.d. |
Ljubljana / Slovenia |
South Africa |
Standard Bank of South Africa Limited |
Johannesburg / South Africa |
South Korea |
Citibank Korea Inc. |
Seoul / South Korea |
Spain |
Société Générale Sucursal en España S.A. |
Madrid / Spain |
Sri Lanka |
Hongkong & Shanghai Banking Corporation (HSBC), Sri Lanka Branch |
Colombo / Sri Lanka |
Swaziland |
Standard Bank Swaziland |
Mbabane / Swaziland |
Sweden |
Skandinaviska Enskilda Banken AB (publ) |
Stockholm / Sweden |
Switzerland |
UBS AG |
Zurich / Switzerland |
Taiwan |
Standard Chartered Bank (Taiwan) Ltd. |
Taipei / Taiwan |
Thailand |
Hongkong & Shanghai Banking Corporation (HSBC), Thailand Branch |
Bangkok / Thailand |
Transnational |
Brown Brothers Harriman & Co. |
Boston, MA / New York, NY |
Turkey |
Citibank Anonim Sirkiti |
Istanbul / Turkey |
United Arab Emirates
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HSBC Bank Middle East Limited (DIFC) branch |
Dubai / UAE |
United Kingdom |
HSBC Bank Plc |
London / UK |
Uruguay |
Banco Itaú Uruguay S.A. |
Montevideo / Uruguay |
Venezuela |
Citibank, N.A., Caracas Branch |
Caracas / Venezuela |
Zambia |
Stanbic Bank Zambia Ltd. |
Lusaka / Zambia |
Zimbabwe |
Stanbic Bank Zimbabwe Limited |
Harare / Zimbabwe |
Exhibit 77Q1 - Additional Items |
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Because the electronic format for filing Form N-SAR does not provide adequate space for responding to Item 15, the registrant has included the complete list of foreign sub-custodians below. |
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Item 15 |
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Citibank |
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Country |
Subcustodian / ICSD Name |
City |
Argentina (1) |
Citibank, N.A., Buenos Aires Branch |
Buenos Aires |
Australia |
Citigroup Pty. Limited |
Melbourne |
Austria |
Citibank, N.A., Milan Branch |
Milan |
Bahrain |
Citibank, N.A., Bahrain Branch |
Manama |
Bangladesh |
Citibank, N.A., Bangladesh Branch |
Dhaka |
Belgium |
Citibank International Plc., London Branch |
London |
Bermuda |
The Hong Kong & Shanghai Banking Corporation Limited acting through its agent, HSBC Bank Bermuda Limited |
Hamilton |
Bosnia (1) |
UniCredit Bank d.d. |
Sarajevo |
Botswana (2) |
Standard Chartered Bank of Botswana Limited |
Gaborone |
Brazil |
Citibank, N.A., Sao Paolo Branch |
Sao Paulo |
Bulgaria (1) |
ING Bank Bulgaria N.V., Sofia Branch |
Bulgaria |
Canada |
Citibank Canada |
Toronto |
Chile |
Banco de Chile |
Santiago |
China |
Citibank (China) Co., Ltd |
Shanghai |
*Clearstream (ICSD) / Luxembourg |
Clearstream Banking |
Luxembourg |
Colombia |
Cititrust Colombia S.A. Sociedad Fiduciaria |
Santa Fe de Bogota |
Costa Rica |
Banco BCT S.A. |
San Jose |
Croatia |
Privredna Banka Zagreb d.d. |
Zagreb |
Cyprus |
Citibank International Plc, Greece Branch |
Athens |
Czech Republic |
Citibank Europe plc, organizacni slozka |
Praha |
Denmark |
Nordea Bank Danmark A/S |
Taastrup |
Egypt (3) |
Citibank, N.A., Cairo Branch |
Garden City, Cairo |
Estonia |
Swedbank AS |
Tallinn |
*Euroclear (ICSD) |
Euroclear Bank s.a./n.v. |
Brussels |
Finland |
Nordea Bank Finland Plc. |
Helsinki |
France |
Citibank International Plc., London Branch |
London |
Germany |
Citigroup Global Markets Deutschland AG |
Frankfurt |
Ghana (1) |
Standard Chartered Bank of Ghana Limited |
Accra |
Greece |
Citibank International Plc., Greece Branch |
Athens |
Hong Kong |
Citibank, N.A., Hong Kong Branch |
Hong Kong |
Hungary |
Citibank Europe plc Hungarian Branch Office |
Budapest |
Iceland (1) |
Arion Bank hf. acting through its agent, Verdis, hf. |
Reykjavik |
India |
Citibank, N.A., Mumbai Branch |
Mumbai |
Indonesia |
Citibank, N.A., Jakarta Branch |
Jakarta |
Ireland |
Citibank, N.A., London Branch |
London |
Israel |
Citibank, N.A., Israel Branch |
Tel Aviv |
Italy |
Citibank, N.A., Milan Branch |
Milan |
Japan |
Citibank Japan Limited |
Tokyo |
Jordan |
HongKong & Shanghai Banking Corporation Ltd acting through its agent, HSBC Bank Middle East Limited |
Amman |
Kazakhstan (1) |
JSC "Citibank Kazakhstan" |
Almaty |
Kenya (1) |
Standard Chartered Bank Kenya Limited |
Nairobi |
Korea |
Citibank Korea Inc. |
Seoul |
Kuwait |
Citibank, N.A., Kuwait Branch |
Kuwait City |
Latvia |
Swedbank AS acting through its agent, Swedbank AS |
Tallinn |
Lebanon (1) |
HongKong & Shanghai Banking Corporation Ltd acting through its agent, HSBC Bank Middle East Ltd. |
Beirut |
Lithuania |
Swedbank AS acting through its agent, Swedbank AB |
Tallinn |
Malaysia |
Citibank Berhad |
Kuala Lumpur |
Malta |
HongKong & Shanghai Banking Corporation Ltd acting through its agent, HSBC Bank Malta Plc |
Valletta |
Mauritius |
HongKong & Shanghai Banking Corporation Limited |
Port Louis |
Mexico |
Banco Nacional de Mexico, S.A. |
Santa Fe D.F |
Morocco |
Citibank Maghreb |
Casablanca |
Namibia (1) |
Standard Bank of South Africa Ltd acting through its agent, Standard Bank Namibia Ltd |
Windhoek |
Netherlands |
Citibank International Plc., London Branch |
London |
New Zealand |
Citibank, N.A., Auckland Branch |
Auckland |
Nigeria (1) |
Citibank Nigeria Limited |
Lagos |
Norway |
DNB Bank ASA |
Oslo |
Oman |
HongKong & Shanghai Banking Corporation Ltd acting through its agent, HSBC Bank Middle East Limited |
Ruwi |
Pakistan (1) |
Citibank, N.A., Karachi Branch |
Karachi |
Palestine (1) |
HongKong & Shanghai Banking Corporation Ltd acting through its agent, HSBC Bank Middle East Limited |
Ramallah |
Peru |
Citibank del Peru S.A. |
Lima |
Philippines |
Citibank, N.A., Manila Branch |
Makati, Metro |
Poland |
Bank Handlowy w Warszawie S.A. |
Warsaw |
Portugal |
Citibank International Plc., Lisbon Branch |
Lisboa |
Qatar |
HongKong & Shanghai Banking Corporation Ltd acting through its agent, HSBC Bank Middle East Limited |
Doha |
Romania |
Citibank Europe plc, Dublin - Romania Branch |
Bucharest |
Russia |
ZAO Citibank |
Moscow |
Saudi Arabia (3) |
Hong Kong & Shanghai Banking Coporation Ltd acting through its agent, HSBC Saudi Arabia Ltd. |
Riyadh |
Serbia (1) |
UniCredit Bank Austria AG (Vienna) acting through its agent, UniCredit Bank Serbia a.d. |
Belgrade |
Singapore |
Citibank, N.A., Singapore Branch |
Singapore |
Slovak Republic(1) |
Citibank Europe plc, pobocka zahranicnej banky |
Bratislava |
Slovenia |
UniCredit Banka Slovenija d.d.. Ljubljana. |
Ljubljana |
South Africa |
FirstRand Bank Limited acting through its Division, FNB Corporate Custody Services |
Johannesburg |
Spain |
Citibank International Plc., Madrid Branch |
Madrid |
Sri Lanka |
Citibank, N.A., Colombo Branch |
Colombo |
Sweden |
Citibank International Plc., Sweden Branch |
Stockholm |
Switzerland |
Citibank, N.A., London Branch |
London |
Taiwan |
Citibank Taiwan Limited |
Taipei |
Thailand |
Citibank, N.A., Bangkok Branch |
Bangkok |
Tunisia |
Banque International Arabe de Tunisie |
Bourguida |
Turkey |
Citibank, A.S. |
Istanbul |
UAE - Abu Dhabi |
Citibank, N.A., UAE |
Dubai |
UAE - DFX |
Citibank, N.A., UAE |
Dubai |
UAE - NASDAQ |
Citibank, N.A., UAE |
Dubai |
Uganda (1) |
Standard Chartered Bank of Uganda Limited |
Kampala |
Ukraine (1) |
PJSC "Citibank" |
Kyiv |
United Kingdom |
Citibank, N.A., London Branch |
London |
United States |
Citibank, N.A., New York Offices |
New York |
Uruguay |
Banco Itau Uruguay S.A. |
Montevideo |
Venezuela (1) |
Citibank, N.A., Caracas Branch |
Grande Caracas |
Vietnam (1) |
Citibank, N.A., Hanoi Branch |
Ha Noi |
Zambia |
Standard Chartered Bank of Zambia Plc. |
Lusaka |
Zimbabwe |
Barclays Bank of Zimbabwe Limited |
Harare |
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*Citibank, as global custodian, is a direct member of Euroclear Bank and Clearstream, which are ICSDs and not sub-custodians |
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Exhibit 77Q1 - Additional Items |
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Because the electronic format for filing Form N-SAR does not provide adequate space for responding to Item 15, the registrant has included the complete list of foreign sub-custodians below. |
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Item 15 |
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Foreign Sub-Custodian Network for JPMorgan Chase Bank, N.A. |
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Country |
Subcustodian Name |
City |
Argentina |
HSBC Bank Argentina S.A |
Buenos Aires |
Australia |
JPMorgan Chase Bank, N.A. |
Sydney |
Austria |
UniCredit Bank Austria AG |
Vienna |
Bahrain |
HSBC Bank Middle East Limited |
Manama |
Bangladesh |
Standard Chartered Bank |
Dhaka |
Belgium |
BNP Paribas Securities Services S.C.A. |
Brussels |
Bermuda |
HSBC Bank Bermuda Limited |
Hamilton |
Botswana |
Standard Chartered Bank Botswana Limited |
Gaborone |
Brazil |
J.P. Morgan S.A. DTVM |
Sao Paulo |
Bulgaria |
ING Bank N.V. |
Sofia |
Canada |
Canadian Imperial Bank of Commerce |
Toronto |
Canada |
Royal Bank of Canada |
Toronto |
Chile |
Banco Santander Chile |
Santiago |
China (Shanghai) |
HSBC Bank (China) Company Limited |
Shanghai |
China (Shenzhen) |
HSBC Bank (China) Company Limited |
Shanghai |
Costa Rica* |
Banco BCT, S.A. |
San Jose |
Colombia |
Santander Investment Trust Colombia S.A. |
Bogota |
Croatia |
Privredna banka Zagreb d.d. |
Zagreb |
Cyprus |
HSBC Bank plc |
Athens |
Czech Republic |
UniCredit Bank Czech Republic a.s. |
Prague |
Denmark |
Nordea Bank Danmark A/S |
Copenhagen |
Egypt |
Citibank, N.A. |
Cairo |
Estonia |
Swedbank AS |
Tallinn |
Finland |
Nordea Bank Finland Plc |
Helsinki |
France |
BNP Paribas Securities Services S.C.A. |
Paris |
France |
Societe Generale |
Paris |
Germany |
Deutsche Bank AG |
Frankfurt |
Germany |
J.P. Morgan AG |
Frankfurt |
Ghana |
Standard Chartered Bank Ghana Limited |
Accra |
Greece |
HSBC Bank PLC |
Athens |
Hong Kong |
The Hongkong and Shanghai Banking Corporation Limited |
Hong Kong |
Hungary |
Deutsche Bank AG |
Budapest |
Iceland* |
Islandsbanki hf. |
Reykjavik |
India |
The Hongkong and Shanghai Banking Corporation Limited |
Mumbai |
India |
Standard Chartered Bank |
Mumbai |
India |
JPMorgan Chase Bank, N.A. |
Mumbai |
Indonesia |
Deutsche Bank AG |
Jakarta |
International Securities Market |
Euroclear Bank |
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Ireland |
JPMorgan Chase Bank, N.A. |
London |
Israel |
Bank Leumi le-Israel B.M. |
Tel Aviv |
Italy |
BNP Paribas Securities Services S.C.A. |
Milan |
Japan |
Mizuho Corporate Bank, Limited |
Tokyo |
Japan |
The Bank of Tokyo-Mitsubishi UFJ Limited, Tokyo |
Tokyo |
Jordan |
HSBC Bank Middle East Limited |
Amman |
Kazakhstan |
SB HSBC Bank Kazakhstan JSC |
Almaty |
Kenya |
Standard Chartered Bank Kenya Limited |
Nairobi |
Kuwait |
HSBC Bank Middle East Limited |
Safat |
Latvia |
Swedbank AS |
Riga |
Lebanon |
HSBC Bank Middle East Limited |
Ras-Beirut |
Lithuania |
AB SEB Bankas |
Vilnius |
Luxembourg |
BNP Paribas Securities Services S.C.A. |
Luxembourg |
Malawi |
Standard Bank Limited Malawi |
Blantyre |
Malaysia |
HSBC Bank Malaysia Berhad |
Kuala Lumpur |
Malta |
HSBC Bank Malta p.i.c. |
Valletta |
Mauritius |
The Hongkong and Shanghai Banking Corporation Limited |
Port Louis |
Mexico |
Banco Nacional de Mexico, S.A. |
Mexico, D.F. |
Morocco |
Societe Generale Marocaine de Banques |
Casablanca |
Namibia |
Standard Bank Namibia Limited |
Windhoek |
Netherlands |
BNP Paribas Securities Services S.C.A. |
Amsterdam |
New Zealand |
JPMorgan Chase Bank, N.A.** |
Auckland |
Nigeria |
Stanbic IBTC Bank Plc |
Lagos |
Norway |
Nordea Bank Norge ASA |
Oslo |
Oman |
HSBC Bank Middle East Limited |
Ruwi |
Pakistan |
Standard Chartered Bank (Pakistan) Limited |
Karachi |
Palestine Territories |
HSBC Bank Middle East Limited |
Ramallah |
Peru |
Citibank del Peru S.A. |
Lima |
Philippines |
The Hongkong and Shanghai Banking Corporation Limited |
Manila |
Poland |
Bank Handlowy w. Warszawie S.A. |
Warsaw |
Portugal |
BNP Paribas Securities Services S.C.A. |
Lisbon |
Qatar |
HSBC Bank Middle East Limited |
Doha |
Romania |
ING Bank N.V. |
Bucharest |
Russia* |
J.P. Morgan Bank International (Limited Liability Company) |
Moscow |
Russia |
ING Bank (Eurasia) ZAO (Closed Joint Stock Company) |
Moscow |
Saudi Arabia |
SABB Securities Limited |
Riyadh |
Serbia |
UniCredit Bank Srbija a.d. |
Belgrade |
Singapore |
DBS Bank Ltd., Singapore |
Singapore |
Slovak Republic |
UniCredit Bank Slovakia a.s. |
Bratislava |
Slovenia |
UniCredit Banka Slovenija d.d. |
Ljubljana |
South Africa |
FirstRand Bank Limited |
Johannesburg |
South Korea |
Standard Chartered Bank Korea Limited |
Seoul |
Spain |
Santander Investment, S.A. |
Madrid |
Sri Lanka |
The Hongkong and Shanghai Banking Corporation Limited |
Colombo |
Sweden |
Nordea Bank AB (publ) |
Stockholm |
Switzerland |
UBS AG |
Zurich |
Taiwan |
JPMorgan Chase Bank, N.A. |
Taipei |
Thailand |
Standard Chartered Bank (Thai) Public Company Limited |
Bangkok |
Trinidad & Tobago |
Republic Bank Limited |
Port of Spain |
Tunisia |
Banque Internationale Arabe de Tunisie, S.A. |
Tunis |
Turkey |
Citibank A.S. |
Istanbul |
Uganda |
Standard Chartered Bank Uganda Limited |
Kampala |
Ukraine* |
ING Bank Ukraine |
Kiev |
United Arab Emirates - DFM |
HSBC Bank Middle East Limited |
Dubai |
United Arab Emirates - NASDAQ Dubai |
HSBC Bank Middle East Limited |
Dubai |
United Arab Emirates - ADX |
HSBC Bank Middle East Limited |
Dubai |
United Kingdom |
JPMorgan Chase Bank, N.A. |
London |
United Kingdom |
Deutsche Bank AG, London (The Depository and Clearing Centre) |
London |
United States |
JPMorgan Chase Bank, N.A. |
New York |
Uruguay |
Banco Itaú Uruguay S.A. |
Montevideo |
Venezuela |
Citibank, N.A. |
Caracas |
Vietnam |
HSBC Bank (Vietnam) Ltd. |
Ho Chi Minh City |
WAEMU - Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, Togo* |
Societe Generale de Banques en Cote d'Ivoire |
Abidjan |
Zambia |
Standard Chartered Bank Zambia Plc |
Lusaka |
Zimbabwe* |
Barclays Bank of Zimbabwe Limited |
Harare |
|
|
|
*Restricted Service Only |
Exhibit 77Q1 - Additional Items |
|
|
|
|
|
Because the electronic format for filing Form N-SAR does not provide adequate space for responding to Item 15, the registrant has included the complete list of foreign sub-custodians below. |
||
|
|
|
Item 15 |
|
|
|
Legacy Mellon |
|
Country |
Subcustodian Name |
City |
Argentina |
Citibank, N.A. |
Buenos Aires |
Australia |
National Australia Bank Ltd |
Melbourne
|
Austria |
Bank Austria, Creditanstalt |
Vienna |
Bahrain |
HSBC |
Manama |
Bangladesh |
HSBC Bank Middle East, Limited |
Dhaka |
Belgium |
Citibank International Plc |
Amsterdam |
Benin |
Societe Generale de Banques en Cote D'ivoire |
Abidjan |
Bermuda |
HSBC Bank Bermuda Limited |
Hamilton |
Botswana |
Stanbic Bank Botswana Limited |
Gaborone |
Brazil |
Citibank N.A. |
Sao Paulo |
Bulgaria |
ING Bank N.V. |
Sofia |
Canada |
CIBC Mellon Trust Co |
Toronto |
Cayman Islands |
BNY Mellon |
New York |
Channel Islands |
BNY Mellon |
London |
Chile |
Banco Itau |
Santiago |
China-Shanghai |
HSBC |
Shanghai |
China- Shenzhen |
HSBC |
Shenzhen |
Colombia |
Cititrust Colombia S.A. |
Bogota |
Costa Rica |
Banco Nacional de Costa Rica |
San Jose |
Croatia |
Privredna Banka Zagreb D.D. |
Zagreb |
Cyprus |
BNP Paribas Securities Services, Athens |
Athens |
Czech Republic |
ING Bank N.V. |
Prague |
Denmark |
Danske Bank A/S |
Copenhagen |
Ecuador |
Banco de la Produccion S.A. |
Quito |
Egypt |
HSBC Bank Egypt SAE |
Cairo |
Estonia |
Skandinaviska Enskilda Banken AB |
Tallinn |
Euromarkets |
Clearstream Banking Luxembourg |
Brussels |
Euromarkets |
Euroclear Bank |
Brussels |
Finland |
SEB Helsinki |
Helsinki |
France |
BNP Paribas Securities Services |
Paris |
Germany |
The Bank of New York Mellon SA/NV |
Frankfurt am Main |
Ghana |
Stanbic Bank Ghana Ltd |
Accra |
Greece |
BNP Paribas Securities Services, Athens |
Athens |
Guinea Bissau |
Societe Generale de Banques en Cote D'ivoire |
Abidjan |
Hong Kong SAR |
HSBC |
Kowloon |
Hungary |
ING Bank N.V. |
Budapest |
Iceland |
Islandsbanki hf |
Reykjavik |
India |
Deutsche Bank (DB) Mumbai |
Mumbai |
Indonesia |
HSBC |
Jakarta |
Ireland |
The Bank of New York Mellon |
London |
Israel |
Bank Hapoalim B.M. |
Tel Aviv |
Italy |
Intesa Sanpaolo S.p.A. |
Milan |
Ivory Coast |
Société Générale de Banques en Côte d'Ivoire |
Abidjan |
Japan |
Mizuho Corporate Bank / The Bank of Tokyo - Mitsubishi UFJ Ltd. |
Tokyo |
Jordan |
HSBC |
Amman |
Kazakhstan |
HSBC |
Almaty |
Kenya |
CFC Stanbic Bank Limited |
Nairobi |
Kuwait |
HSBC |
Safat |
Latvia |
Skandinaviska Enskilda Banken AB |
Riga |
Lebanon |
HSBC |
Beirut |
Lithuania |
Skandinaviska Enskilda Banken AB |
Vilnius |
Luxembourg |
Euroclear |
Brussels |
Malaysia |
HSBC Bank Malaysia Berhad |
Kuala Lumpur |
Mali |
Societe Generale de Banques en Cote D'ivoire |
Abidjan |
Malta |
HSBC Bank Malta Plc |
Valletta |
Mauritius |
HSBC |
Ebene |
Mexico |
Banco Nacional de México S.A. (Banamex S.A.) |
Mexico City |
Morocco |
Citibank Maghreb |
Casablanca |
Namibia |
Standard Bank Namibia Limited |
Windhoek |
Netherlands |
The Bank of New York Mellon SA/NV |
Amsterdam |
New Zealand |
National Australia Bank Ltd |
Auckland |
Niger |
Societe Generale de Banques en Cote D'ivoire |
Abidjan |
Nigeria |
Stanbic IBTC Plc Nigeria |
Victoria Island, Lagos |
Norway |
DnB NOR BANK ASA |
Oslo |
Oman |
HSBC |
Ruwi |
Pakistan |
Deutsche Bank AG |
Karachi |
Palestinian Autonomous Area |
HSBC Bank Middle East, Limited |
Ramallah |
Peru |
Citibank del Perú |
Lima |
Philippines |
HSBC |
Manila |
Poland |
ING Bank Slaski S.A. |
Warsaw |
Portugal |
Citibank International Plc, Sucursal em Portugal |
Lisbon |
Qatar |
HSBC |
Doha |
Romania |
ING Bank N.V. |
Bucharest |
Russia |
ZAO Citibank Moscow |
Moscow |
Saudi Arabia |
HSBC |
Riyadh |
Senegal |
Societe Generale de Banques en Cote D'ivoire |
Abidjan |
Serbia |
Bank Austria, Creditanstalt |
Belgrade |
Singapore |
DBS Bank Ltd |
Singapore |
Slovak Republic |
ING Bank N.V. |
Bratislava |
Slovenia |
UniCredit Bank |
Ljubljana |
South Africa |
Standard Bank of South Africa Limited |
Johannesburg |
South Korea |
HSBC |
Seoul |
Spain |
Banco Central Hispanoamericano (BCH) |
Madrid |
Sri Lanka |
HSBC |
Colombo |
Swaziland |
Standard Bank Swaziland Limited |
Mbabane |
Sweden |
Skandinaviska Enskilda Banken AB |
Stockholm |
Switzerland |
UBS AG |
Zurich |
Taiwan |
Standard Chartered Bank |
Taipei |
Thailand |
HSBC |
Bangkok |
Tunisia |
Banque Internationale Arabe de Tunisie |
Tunis |
Turkey |
Deutsche Bank A.S. |
Istanbul |
Ukraine |
ING Bank Ukraine |
Kiev |
United Arab Emirates |
HSBC |
Dubai |
United Kingdom |
The Bank of New York Mellon |
London |
United States |
The Bank of New York Mellon |
New York |
Uruguay |
Banco Itaú Uruguay S.A. |
Montevideo |
Venezuela |
Citibank, N.A., Caracas |
Caracas |
Vietnam |
HSBC |
Ho Chi Minh City |
Zambia |
Stanbic Bank Zambia Plc |
Lusaka |
Zimbabwe |
Stanbic Bank of Zimbabwe Ltd |
Harare |
Exhibit 77Q1 - Additional Items |
|
|
|
|
|
Because the electronic format for filing Form N-SAR does not provide adequate space for responding to Item 15, the registrant has included the complete list of foreign sub-custodians below. |
||
|
|
|
Item 15 |
|
|
The Northern Trust Company |
||
Bahrain |
HSBC Bank Middle East Limited |
Custody & Clearing Dept, 2nd floor, Building No: 2505, Road No: 2832, Al Seef 428, Kingdom of Bahrain |
Bangladesh |
Standard Chartered Bank |
Silver Tower, Level 7 52 South Gulshan Commercial Area Gulshan 1, Dhaka 1212 Bangladesh |
Belgium |
Deutsche Bank AG |
Deutsche Bank AG, Filiale Amsterdam, Global Transaction Banking, Direct Securities Services, Herengracht 450-454, 1017 CA Amsterdam, Netherlands |
Bermuda |
HSBC Bank Bermuda Limited |
6 Front Street Hamilton HM11 Bermuda |
Bosnia and Herzegovina |
Raiffeisen Bank International AG (RBI) |
Am Stadtpark 9 1030 Vienna Austria |
Botswana |
Standard Chartered Bank Botswana Limited |
Standard Chartered Bank, Standard House Building, Queens Road, P. O. Box 496, Gaborone, Botswana |
Brazil |
Citibank NA |
Citibank N.A. Sao Paulo Av Paulista 1111 12th Floor Sao Paulo SP 01311-920 Brazil |
Bulgaria |
ING Bank NV |
12 Emil Bersinki Street Ivan Vazov Region 1408 Sofia Bulgaria |
Canada |
The Northern Trust Company, Canada |
145 King Street West Suite 1910 Toronto Ontario M5H 1J8 Canada |
CD's |
Deutsche Bank AG |
27 Leadenhall Street London EC3A 1AA |
Chile |
Banco de Chile |
Avda. Andres Bello 2687 3rd and 5th Floors Santiago Chile |
China A Share |
HSBC Bank (China) Company Limited |
33 Floor, HSBC Building, Shanghai ifc 8 Century Avenue, Pudong, Shanghai, China (200120) |
China B Share |
HSBC Bank (China) Company Limited |
33 Floor, HSBC Building, Shanghai ifc 8 Century Avenue, Pudong, Shanghai, China (200120) |
Colombia |
Cititrust Colombia |
Carrera 9A No. 99-02 First Floor Santafe de Bogota D.C. Colombia |
Croatia |
UniCredit Bank Austria AG |
Custody Department 3 Julius Tandler Platz A-1090 Vienna Austria |
Cyprus |
Citibank International plc |
8 Othonos Street - 4th floor, Athens 10557, Greece |
Czech Republic |
UniCredit Bank Czech Republic a.s. |
Revolucni 7 110 05 Prague Czech Republic |
Denmark |
Nordea Bank Danmark A/S |
Helgeshoj Alle 33 Hoje Taastrup DK-2630 Taastrup Denmark |
Egypt |
Citibank NA |
8 Ahmed Pasha Street Garden City Cairo Egypt |
Estonia |
Swedbank AS |
Liivalaia 8 15040 Tallinn Estonia |
Finland |
Nordea Bank Finland plc |
VC210 Aleksis Kiven Katu 3-5 Helsinki FIN-00020 |
France |
BNP Paribas Securities Services SA |
Grand Moulins de Pantin 9 rue du Débarcadère 93500 Pantin |
Germany |
Deutsche Bank AG |
Taunusanlage 12 60262 Frankfurt am Main Germany Visiting address: Direct Securities Services Alfred-Herrhausen-Allee 16-24 D-65760 Eschborn Germany |
Ghana |
Standard Chartered Ghana Limited |
Standard Chartered Bank Ghana address: Standard Chartered Bank, Standard Bank Building, High Street, P.O. Box 768, Accra, Ghana |
Greece |
Citibank International PLC |
8 Othonos Street 4th Floor 10557 Athens Greece |
Hong Kong |
The Hongkong & Shanghai Banking Corporation Limited |
Custody and Clearing HSBC Securities Services 5/F Tower 1 HSBC Centre 1 Sham Mong Road Kowloon Hong Kong |
Hungary |
UniCredit Bank Hungary Zrt |
Szabadsag ter 5-6, HU-1054, Budapest, Hungary |
Iceland |
Landsbankinn hf |
Custody Division Eignarstyringarsvid Hafnarstraeti 5 IS-155 Reykjavik Iceland |
India |
Citibank NA |
3rd Floor, "TRENT HOUSE", G Block, Plot No.60, Bandra Kurla Complex, Bandra - East Mumbai 400051 India |
Indonesia |
Standard Chartered Bank |
Menara Standard Chartered 5th Floor Jl. Prof. Dr. Satrio No. 164 Jakarta 12930 Indonesia |
Ireland |
The Northern Trust Company, London |
50 Bank Street, Canary Wharf London E145NT United Kingdom |
Israel |
Bank Leumi Le-Israel BM |
24-32 Yehuda Halevi Street Tel-Aviv Israel |
Italy |
BNP Paribas Securities Services SA |
Via Ansperto 5 20123 Milan Italy |
Japan |
The Hongkong & Shanghai Banking Corporation Limited |
Custody and Clearing 6F HSBC Building 11-1 Nihonbashi 3-chome Chuo-Ku Tokyo Japan 103-0027 |
Jordan |
HSBC Bank Middle East Limited |
PO Box 925286 5th Circle Amman 11190 Jordan |
Kazakhstan |
HSBC Bank Kazakhstan JSC |
43 Dostyk Avenue Almaty 480021 Republic of Kazakhstan |
Kenya |
Standard Chartered Bank Kenya Limited |
Standard Chartered Bank Kenya, 48 Westlands Road, P.O.Box 40984 -00100GPO, Nairobi, Kenya |
Kuwait |
HSBC Bank Middle East Limited |
Kuwait City, Qibla Area, Hamad Al-Saqr Street, Kharafi Tower, G/1/2 Floors, PO Box 1683, Safat 13017, Kuwait |
Latvia |
Swedbank AS |
Balasta dambis la Riga LV-1048 Latvia |
Lebanon |
HSBC Bank Middle East Limited |
PO Box 11-1380 Riad El Solh Beirut 1107 2080 |
Lithuania |
SEB Bankas |
Gedimino pr. 12 lt-2600 Vilnius Lithuania |
Luxembourg |
Euroclear SA/NV |
1 Boulevard du Roi Albert II B1210 Brussels Belgium |
Malaysia |
HSBC Bank Malaysia Berhad |
Custody and Clearing 12th Floor, South Tower No.2 Leboh Ampang 50100 Kuala Lumpur Malaysia |
Malta |
HSBC Bank Malta PLC |
116 Archbishop Street Valletta VLT 1444 Malta |
Mauritius |
The Hongkong & Shanghai Banking Corporation Limited |
HSBC Centre 18 Cybercity Ebene Mauritius |
Mexico |
Banco Nacional de Mexico SA |
WWSS Division Act.Roberto Medellin 800 3er Piso Norte Colonia Santa Fe Mexico D.F. 01210 |
Morocco |
Societe Generale Marocaines de Banques |
55 Boulevard Abdelmoumen 20100, Casablanca Morocco |
Namibia |
Standard Bank Namibia Limited |
Standard Bank Center Corner Werner List Street and Postal Street Mall - 2nd Floor Windhoek Namibia |
Netherlands |
ABN AMRO Bank N.V |
Gustav Mahlerlaan 1082 PP Amsterdam Netherlands |
New Zealand |
The Hongkong and Shanghai Banking Corporation Limited |
HSBC House, Level 9 1 Queen Street, Auckland New Zealand |
Nigeria |
Stanbic IBTC Bank Plc |
PHYSICAL ADDRESS: 1712 Idejo Street Lagos Nigeria POSTAL ADDRESS: PO Box 54746 Falomo Ikoyi Nigeria |
Norway |
Nordea Bank Norge ASA |
Essendropsgate 7 NO-0368 Oslo Norway |
Oman |
HSBC Bank Middle East Limited |
BBME Building Greater Muttrah Ruwi PO Box 240 Muscat Sultande of Oman |
Pakistan |
Citibank NA |
AWT Plaza 1.1 Chundrigar Road PO Box 4889 Karachi Pakistan 74200 |
Palestine |
HSBC Bank Middle East Limited |
PO Box 2067 Ramallah Palestine |
Peru |
Citibank del Peru SA |
WWSS - 3 er Piso Av. Canaval y Moreyra#480 San Isidro Lima 27 - Peru |
Philippines |
The Hongkong & Shanghai Banking Corporation Limited |
7/F HSBC Centre 3058 Fifth Avenue West Bonifacio Global City Taguig City 1634 Philippines |
Poland |
Bank Polska Kasa Opieki SA |
53/57 Grzybowska Str 00-950 Warsaw Poland |
Portugal |
Banco Santander Totta |
Av. Eng. Duarte Pacheco, Amoreiras Torre 1-5, 1099-024, Lisbon, Portugal |
Qatar |
HSBC Bank Middle East Limited |
3rd Floor, Ali Bin Ali Building, Al Matar Street #950, BLDG 150, Ummoglina, Area 27, Doha, Qatar |
Republic of Korea |
The Hongkong & Shanghai Banking Corporation Limited |
5/F HSBC Building #25 Bongrae-dong 1-ga Chung-ku Seoul South Korea C.P.O. Box 6910 |
Romania |
ING Bank NV |
ING Bank N.V. Bucharest Branch 11-13 Av Kiseleff PO Box 2-208 Bucharest Romania |
Russia |
ING Bank (Eurasia) ZAO |
Krasnoproletarskaya Street 36 127473 Moscow Russian Federation |
Saudi Arabia |
Saudi British Bank Securities Limited |
King Abdullah Road, Riyadh 11413, Saudi Arabia |
Serbia |
UniCredit Bank Serbia JSC |
Rajiceva 27-29 11000 Belgrade Serbia |
Singapore |
DBS Bank Ltd |
60 Alexandra Terrace #05-27 The Comtech Singapore 118502 |
Slovak Republic |
ING Bank NV Bratislava Branch |
Jesenskeho 4/C 811 022 Bratislava Slovak Republic |
Slovenia |
UniCredit Banka Slovenija d.d. |
Wolfova 1 SI-1000 Ljubljana Slovenia |
South Africa |
Standard Bank of South Africa Limited |
Financial Asset Services Division 25 Sauer Street Johannesburg 2000 South Africa |
Spain |
BNP Paribas Securities Services SA |
C/Ribera del Loira 28 3rd Floor 28042 Madrid Spain |
Sri Lanka |
Standard Chartered Bank |
Standard Chartered Bank, Securities Services Unit, 37, York Street, Colombo1, Sri Lanka |
Swaziland |
Standard Bank Swaziland Limited |
Swazi Plaza Mbabane Swaziland |
Sweden |
Svenska Handelsbanken AB publ |
Nordic Custody Services, Blasieholmstorg 12, SE-106 70 Stockholm Sweden |
Switzerland |
UBS AG |
Badenerstrasse 574 PO Box CH-8098 Zurich Switzerland |
Taiwan |
Bank of Taiwan |
49 Wu Chang Street Sec. 1 Taipei 100 Taiwan Republic of China |
Thailand |
Citibank NA |
Securities and Fund Services, Citibank, N.A. Bangkok 399 Interchange Building, Sukhumvit Road, Klongtoey Nua, Wattana District, Bangkok, 10110 Thailand |
Trinidad & Tobago |
Republic Bank Limited |
9-17 Park Street Port of Spain Repubic of Trinidad and Tobago |
Tunisia |
Banque Internationale Arabe de Tunisie |
70-72 avenue Habib Bourguiba 1000 Tunis Tunisia |
Turkey |
Deutsche Bank AS |
Tekfen Tower Eski Buyukdere Caddesi No.209 34394 Levent Istanbul Turkey |
UAE - ADX |
HSBC Bank Middle East Limited |
HSBC Securities Services, Emaar Square, Level 3, Building 5, PO Box 502601, Dubai, United Arab Emirates |
UAE - DFM |
HSBC Bank Middle East Limited |
HSBC Securities Services, Emaar Square, Level 3, Building 5, PO Box 502601, Dubai, United Arab Emirates |
UAE - NASDAQ Dubai |
HSBC Bank Middle East Limited |
HSBC Securities Services, Emaar Square, Level 3, Building 5, PO Box 502601, Dubai, United Arab Emirates |
Uganda |
Standard Chartered Bank Uganda Limited |
Standard Chartered Bank Uganda address: Standard Chartered Bank, 5 Speke Road, P.O. Box, 7111, Kampala, Uganda |
UK |
The Northern Trust Company, London |
50 Bank Street Canary Wharf London E14 5NT United Kingdom |
Ukraine |
ING Bank Ukraine |
30-A Spaska Street 04070 Kiev Ukraine |
United States |
The Northern Trust Company |
50 South La Salle Street Chicago IL 60603 USA |
Uruguay |
Banco Itau Uruguay SA |
Zabala 1463 11000 Montevideo Uruguay |
Venezuela |
Citibank NA |
WWSS Avda. Casanova Centro Comercial El Recro Torre Norte Piso 18 Caracas Venezuela |
Vietnam |
HSBC Bank (Vietnam) Ltd |
The Metropolitan 235 Dong Khoi Street District 1 Ho Chi Minh City Vietnam |
West Africa |
United Bank for Africa plc |
Blvd Botreau-Roussel - Le Plateau 17 BP 808 Abidjan 17 (Côte d'Ivoire) |
Zambia |
Standard Chartered Bank Zambia Limited |
Standard Chartered Bank Zambia address: Standard Chartered Bank, Standard House, Cairo Road, P.O. Box 32238, Lusaka, Zambia |
Exhibit 77Q1 - Additional Items |
|
|
|
|
|
Because the electronic format for filing Form N-SAR does not provide adequate space for responding to Item 15, the registrant has included the complete list of foreign sub-custodians below. |
||
|
|
|
Item 15 |
|
|
Foreign Sub-Custodian Network for State Street Bank & Trust Company |
||
|
|
|
Country |
Subcustodian Name |
City |
Argentina |
Citibank, N.A. |
1036 Buenos Aires, Argentina |
Australia |
The Hongkong and Shanghai Banking Corporation Limited |
Sydney, NSW 2000, Australia |
Australia |
Citigroup Pty. Limited |
Melbourne, VIC 3000, Australia |
Austria |
UniCredit Bank Austria AG |
Vienna A-1090, Austria |
Bahrain |
HSBC Bank Middle East Limited |
Kingdom of Bahrain |
Bangladesh |
Standard Chartered Bank |
Dhaka 1000, Bangladesh |
Belgium |
Deutsche Bank AG, Netherlands |
1017 CA Amsterdam, Netherlands |
Benin |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Bermuda |
HSBC Bank Bermuda Limited |
Hamilton, HM11 Bermuda |
Bosnia and Herzegovina (Federation of) |
UniCredit Bank d.d. |
Federation of Bosnia and Herzegovina |
Botswana |
Standard Chartered Bank Botswana Ltd. |
Gaborone, Botswana |
Brazil |
Citibank, N.A. |
São Paulo, Brazil 01311 |
Bulgaria |
ING Bank N.V. |
Sofia 1404, Bulgaria |
Bulgaria |
UniCredit Bulbank AD |
Sofia 1000, Bulgaria |
Burkina Faso |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Canada |
State Street Trust Company Canada |
Toronto, Ontario M5C 3G6 Canada |
Chile |
Banco Itaú Chile |
Las Condes, Santiago, Chile |
People's Republic of China (Shanghai and Shenzhen) |
HSBC Bank (China) Company Limited |
Pudong Shanghai China 200120 |
Colombia |
Cititrust Colombia S.A. Sociedad Fiduciaria |
Bogotá, Colombia |
Costa Rica |
Banco BCT S.A. |
San José, Costa Rica |
Croatia |
Privredna Banka Zagreb d.d. |
10000 Zagreb, Croatia |
Croatia |
Zagrebacka Banka d.d. |
10000 Zagreb, Croatia |
Cyprus |
BNP Paribas Securities Services, S.C.A |
GR 115 28 Athens, Greece |
Czech Republic |
Ceskoslovenská obchodni banka, a.s. |
150 57 Prague 5, Czech Republic |
Czech Republic |
UniCredit Bank Czech Republic, a.s. |
113 80, Prague 1, Czech Republic |
Denmark |
Skandinaviska Enskilda Banken AB (publ) |
1577 Copenhagen, Denmark |
Ecuador |
Banco de la Producción S.A. PRODUBANCO |
Quito, Ecuador |
Egypt |
HSBC Bank Egypt S.A.E. |
Cairo, Egypt |
Estonia |
AS SEB Pank |
15010 Tallinn, Estonia |
Finland |
Skandinaviska Enskilda Banken AB (publ) |
SE-106 40 Stockholm, Sweden |
France |
Deutsche Bank AG |
1017 CA Amsterdam, Netherlands |
Republic of Georgia |
JSC Bank of Georgia |
Tbilisi 0160, Georgia |
Germany |
Deutsche Bank AG |
D-65760 Eschborn Germany |
Ghana |
Standard Chartered Bank Ghana Limited |
Accra, Ghana |
Greece |
BNP Paribas Securities Services, S.C.A |
GR 115 28 Athens, Greece |
Guinea-Bissau |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Hong Kong |
Standard Chartered Bank (Hong Kong) Limited |
Kwun Tong, Hong Kong |
Hungary |
UniCredit Bank Hungary Zrt. |
H-1054 Budapest, Hungary |
Iceland |
Landsbankinn hf. |
155 Reykjavik, Iceland |
India |
Deutsche Bank AG |
Fort Mumbai 400 001, India |
India |
The Hongkong and Shanghai Banking Corporation Limited |
Mumbai-400 057, India |
Indonesia |
Deutsche Bank AG |
Jakarta 10310, Indonesia |
Ireland |
State Street Bank and Trust Company, United Kingdom Branch |
Edinburgh EH5 2AW, Scotland |
Israel |
Bank Hapoalim B.M. |
66883 Tel Aviv, Israel |
Italy |
Deutsche Bank S.p.A. |
20124 Milan, Italy |
Ivory Coast |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Japan |
Mizuho Corporate Bank Limited |
Tokyo 104-0052, Japan |
Japan |
The Hongkong and Shanghai Banking Corporation Limited |
Tokyo 103-0027, Japan |
Jordan |
HSBC Bank Middle East Limited |
Amman 11190, Jordan |
Kazakhstan |
SB HSBC Bank Kazakhstan JSC |
050010 Almaty, Kazakhstan |
Kenya |
Standard Chartered Bank Kenya Limited |
Nairobi, Kenya |
Republic of Korea |
Deutsche Bank AG |
110-752 Seoul, Korea |
Republic of Korea |
The Hongkong and Shanghai Banking Corporation Limited |
1-Ka Bongrae-Dong, Chung-Ku Seoul, Korea |
Kuwait |
HSBC Bank Middle East Limited |
Safat 13017, Kuwait |
Latvia |
AS SEB Banka |
Riga raj, LV 1076 Latvia |
Lebanon |
HSBC Bank Middle East Limited |
Beirut 1107 2080, Lebanon |
Lithuania |
AB SEB Bankas |
LT-2600 Vilnius, Lithuania |
Malaysia |
Standard Chartered Bank Malaysia Berhad |
50250 Kuala Lumpur, Malaysia |
Mali |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Malta |
The Hongkong and Shanghai Banking Corporation Limited |
Qormi, QRM 3101, Malta |
Mauritius |
The Hongkong and Shanghai Banking Corporation Limited |
Ebene, Mauritius |
Mexico |
Banco Nacional de México S.A. |
Mexico, DF 01210 |
Morocco |
Citibank Maghreb |
Casablanca 20190, Morocco |
Namibia |
Standard Bank Namibia Limited |
Windhoek, Namibia |
Netherlands |
Deutsche Bank AG |
1017 CA Amsterdam, Netherlands |
New Zealand |
The Hongkong and Shanghai Banking Corporation Limited |
Auckland 1010, New Zealand |
Niger |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Nigeria |
Stanbic IBTC Bank Plc. |
Victoria Island, Lagos, Nigeria |
Norway |
Skandinaviska Enskilda Banken AB (publ) |
SE-106 40 Stockholm, Sweden |
Oman |
HSBC Bank Middle East Limited |
Muscat, Oman |
Pakistan |
Deutsche Bank AG |
Karachi 75530 Pakistan |
Palestine |
HSBC Bank Middle East Limited |
Ramallah, West Bank, Palestine |
Peru |
Citibank del Péru, S.A. |
Lima 27, Perú |
Philippines |
Deutsche Bank AG |
Makati City 1226 Philippines |
Poland |
Bank Handlowy w Warszawie S.A. |
00-923 Warsaw 55, Poland |
Portugal |
Deutsche Bank AG, Netherlands |
1017 CA Amsterdam, Netherlands |
Portugal |
BNP Paribas Securities Services, S.C.A |
3 Rue D'Antin, Paris, France |
Puerto Rico |
Citibank, N.A. |
San Juan, Puerto Rico 00901 |
Qatar |
HSBC Bank Middle East Limited |
Doha, Qatar |
Romania |
ING Bank N.V. |
Bucharest 1, Romania |
Russia |
ING Bank (Eurasia) ZAO |
Moscow 127473, Russia |
Senegal |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Serbia |
UniCredit Bank Serbia JSC |
11070 New Belgrade, Serbia |
Singapore |
Citibank N.A. |
Singapore 039190 |
Singapore |
United Overseas Bank Limited |
Singapore 048624 |
Slovak Republic |
Ceskoslovenská obchodna banka, a.s. |
814 99 Bratislava, Slovak Republic |
Slovak Republic |
UniCredit Bank Slovakia a.s. |
Bratislava 1, Slovak Republic |
Slovenia |
UniCredit Banka Slovenija d.d. |
SI-1000, Ljubljana, Slovenia |
South Africa |
FirstRand Bank Limited |
Johannesburg Republic of South Africa |
South Africa |
Standard Bank of South Africa Ltd |
Johannesburg 2001 Republic of South Africa |
Spain |
Deutsche Bank S.A.E. |
28046 Madrid, Spain |
Sri Lanka |
The Hongkong and Shanghai Banking Corporation Limited |
Colombo 1, Sri Lanka |
Republic of Srpska |
UniCredit Bank d.d. |
Federation of Bosnia and Herzegovina |
Swaziland |
Standard Bank Swaziland Limited |
Swazi Plaza, Mbabane, Swaziland |
Sweden |
Skandinaviska Enskilda Banken AB (publ) |
SE-106 40 Stockholm, Sweden |
Switzerland |
UBS AG |
8098 Zurich, Switzerland |
Switzerland |
Credit Suisse AG |
Zurich, Switzerland |
Taiwan - R.O.C. |
Deutsche Bank AG |
Taipei 105 Taiwan, Republic of China |
Taiwan - R.O.C. |
Standard Chartered Bank (Taiwan) Limited |
Taipei 10549, Taiwan, Republic of China |
Thailand |
Standard Chartered Bank (Thai) Public Company Limited |
Bangkok 10500, Thailand |
Togo |
Société Générale de Banques en Côte d'Ivoire |
Abidjan 01 Ivory Coast |
Trinidad & Tobago |
Republic Bank Limited |
Port of Spain, Trinidad & Tobago, W.I. |
Tunisia |
Banque Internationale Arabe de Tunisie |
1080 Tunis, Tunisia |
Turkey |
Citibank, A.S. |
34768 Umraniye Istanbul, Turkey |
Uganda |
Standard Chartered Bank Uganda Limited |
Kampala, Uganda |
Ukraine |
ING Bank Ukraine |
04070 Kiev, Ukraine |
United Arab Emirates - ADX |
HSBC Bank Middle East Limited |
Dubai, United Arab Emirates |
United Arab Emirates - DFM |
HSBC Bank Middle East Limited |
Dubai, United Arab Emirates |
United Arab Emirates - DIFC |
HSBC Bank Middle East Limited |
Dubai, United Arab Emirates |
United Kingdom |
State Street Bank and Trust Company |
Edinburgh EH5 2AW, Scotland |
United States |
State Street Bank and Trust Company |
Boston, MA 02110, United States |
Uruguay |
Banco Itaú Uruguay S.A. |
11000 Montevideo, Uruguay |
Venezuela |
Citibank, N.A. |
Caracas, Venezuela |
Vietnam |
HSBC Bank (Vietnam) Limited |
District 1, Ho Chi Minh City, Vietnam |
Zambia |
Standard Chartered Bank Zambia Plc. |
Lusaka, Zambia |
Zimbabwe |
Barclays Bank of Zimbabwe Limited |
Harare, Zimbabwe |
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|
MANAGEMENT CONTRACT
between
FIDELITY SECURITIES FUND
FIDELITY SERIES REAL ESTATE EQUITY FUND
and
FIDELITY MANAGEMENT & RESEARCH COMPANY
AGREEMENT made this 15th day of June, 2011, by and between Fidelity Securities Fund, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Fund"), on behalf of Fidelity Series Real Estate Equity Fund (hereinafter called the "Portfolio"), and Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Adviser") as set forth in its entirety below.
1. (a) Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "1940 Act"), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "interested persons" of the Fund or of the Adviser and of all personnel of the Fund or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio. The investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's Board of Trustees.
(b) Management Services. The Adviser shall perform (or arrange for the performance by its affiliates of) the management and administrative services necessary for the operation of the Fund. The Adviser shall, subject to the supervision of the Board of Trustees, perform various services for the Portfolio, including but not limited to: (i) providing the Portfolio with office space, equipment and facilities (which may be its own) for maintaining its organization; (ii) on behalf of the Portfolio, supervising relations with, and monitoring the performance of, custodians, depositories, transfer and pricing agents, accountants, attorneys, underwriters, brokers and dealers, insurers and other persons in any capacity deemed to be necessary or desirable; (iii) preparing all general shareholder communications, including shareholder reports; (iv) conducting shareholder relations; (v) maintaining the Fund's existence and its records; (vi) during such times as shares are publicly offered, maintaining the registration and qualification of the Portfolio's shares under federal and state law; and (vii) investigating the development of and developing and implementing, if appropriate, management and shareholder services designed to enhance the value or convenience of the Portfolio as an investment vehicle.
The Adviser shall also furnish such reports, evaluations, information or analyses to the Fund as the Fund's Board of Trustees may request from time to time or as the Adviser may deem to be desirable. The Adviser shall make recommendations to the Fund's Board of Trustees with respect to Fund policies, and shall carry out such policies as are adopted by the Trustees. The Adviser shall, subject to review by the Board of Trustees, furnish such other services as the Adviser shall from time to time determine to be necessary or useful to perform its obligations under this Contract.
(c) The Adviser shall place all orders for the purchase and sale of portfolio securities for the Portfolio's account with brokers or dealers selected by the Adviser, which may include brokers or dealers affiliated with the Adviser. The Adviser 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 the other accounts over which the Adviser or its affiliates exercise investment discretion. The Adviser 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 Adviser 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 Adviser and its affiliates have with respect to accounts over which they exercise investment discretion. The Trustees of the Fund 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.
The Adviser shall, in acting hereunder, be an independent contractor. The Adviser shall not be an agent of the Portfolio.
2. It is understood that the Trustees, officers and shareholders of the Fund are or may be or become interested in the Adviser as directors, officers or otherwise and that directors, officers and stockholders of the Adviser are or may be or become similarly interested in the Fund, and that the Adviser may be or become interested in the Fund as a shareholder or otherwise.
3. The Adviser will be compensated on the following basis for the services and facilities to be furnished hereunder. The Adviser shall receive a monthly management fee, payable monthly as soon as practicable after the last day of each month, composed of a Group Fee and an Individual Fund Fee.
(a) Group Fee Rate. The Group Fee Rate shall be based upon the monthly average of the net assets of the registered investment companies having Advisory and Service or Management Contracts with the Adviser (computed in the manner set forth in the fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The Group Fee Rate shall be determined on a cumulative basis pursuant to the following schedule:
Average Group |
Annualized |
0 - $3 billion |
.5200% |
3 - 6 |
.4900 |
6 - 9 |
.4600 |
9 - 12 |
.4300 |
12 - 15 |
.4000 |
15 - 18 |
.3850 |
18 - 21 |
.3700 |
21 - 24 |
.3600 |
24 - 30 |
.3500 |
30 - 36 |
.3450 |
36 - 42 |
.3400 |
42 - 48 |
.3350 |
48 - 66 |
.3250 |
66 - 84 |
.3200 |
84 - 102 |
.3150 |
102 - 138 |
.3100 |
138 - 174 |
.3050 |
174 - 210 |
.3000 |
210 - 246 |
.2950 |
246 - 282 |
.2900 |
282 - 318 |
.2850 |
318 - 354 |
.2800 |
354 - 390 |
.2750 |
390 - 426 |
.2700 |
426 - 462 |
.2650 |
462 - 498 |
.2600 |
498 - 534 |
.2550 |
534 - 587 |
.2500 |
587 - 646 |
.2463 |
646 - 711 |
.2426 |
711 - 782 |
.2389 |
782 - 860 |
.2352 |
860 - 946 |
.2315 |
946 - 1,041 |
.2278 |
1,041 - 1,145 |
.2241 |
1,145 - 1,260 |
.2204 |
1,260 - 1,386 |
.2167 |
1,386 - 1,525 |
.2130 |
1,525 - 1,677 |
.2093 |
1,677 - 1,845 |
.2056 |
over 1,845 |
.2019 |
(b) Individual Fund Fee Rate. The Individual Fund Fee Rate shall be 0.30%.
The sum of the Group Fee Rate, calculated as described above to the nearest millionth, and the Individual Fund Fee Rate shall constitute the Annual Management Fee Rate. One-twelfth of the Annual Management Fee Rate shall be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month.
(c) In case of termination of this Contract during any month, the fee for that month shall be reduced proportionately on the basis of the number of business days during which it is in effect, and the fee computed upon the average net assets for the business days it is so in effect for that month.
4. It is understood that the Portfolio will pay all its expenses, which expenses payable by the Portfolio shall include, without limitation, (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase or sale of securities and other investment instruments; (iii) fees and expenses of the Fund's Trustees other than those who are "interested persons" of the Fund or the Adviser; (iv) legal and audit expenses; (v) custodian, registrar and transfer agent fees and expenses; (vi) fees and expenses related to the registration and qualification of the Fund and the Portfolio's shares for distribution under state and federal securities laws; (vii) expenses of printing and mailing reports and notices and proxy material to shareholders of the Portfolio; (viii) all other expenses incidental to holding meetings of the Portfolio's shareholders, including proxy solicitations therefor; (ix) its proportionate share of insurance premiums; (x) its proportionate share of association membership dues; (xi) expenses of typesetting for printing Prospectuses and Statements of Additional Information and supplements thereto; (xii) expenses of printing and mailing Prospectuses and Statements of Additional Information and supplements thereto sent to existing shareholders; and (xiii) such non-recurring or extraordinary expenses as may arise, including those relating to actions, suits or proceedings to which the Portfolio is a party and the legal obligation which the Portfolio may have to indemnify the Fund's Trustees and officers with respect thereto.
5. The services of the Adviser to the Portfolio are not to be deemed exclusive, the Adviser 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 Contract, interfere, in a material manner, with the Adviser's ability to meet all of its obligations with respect to rendering services to the Portfolio hereunder. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Portfolio 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 or other investment instrument.
6. (a) Subject to prior termination as provided in sub-paragraph (d) of this paragraph 6, this Contract shall continue in force until July 31, 2012 and indefinitely thereafter, but only so long as the continuance after such date shall be specifically approved at least annually by vote of the Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Portfolio.
(b) This Contract may be modified by mutual consent 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 sub-paragraphs (a) and (b) of this paragraph 6, the terms of any continuance or modification of this Contract must have been approved by the vote of a majority of those Trustees of the Fund who are not parties to the Contract or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
(d) Either party hereto may, at any time on sixty (60) days' prior written notice to the other, terminate this Contract, without payment of any penalty, by action of its Trustees or Board of Directors, as the case may be, or with respect to the Portfolio by vote of a majority of the outstanding voting securities of the Portfolio. This Contract shall terminate automatically in the event of its assignment.
7. The Adviser is hereby expressly put on notice of the limitation of shareholder liability as set forth in the Fund's Declaration of Trust or other organizational document and agrees that the obligations assumed by the Fund pursuant to this Contract shall be limited in all cases to the Portfolio and its assets, and the Adviser shall not seek satisfaction of any such obligation from the shareholders or any shareholder of the Portfolio or any other Portfolios of the Fund. In addition, the Adviser shall not seek satisfaction of any such obligations from the Trustees or any individual Trustee. The Adviser understands that the rights and obligations of any Portfolio under the Declaration of Trust or other organizational document are separate and distinct from those of any and all other Portfolios.
8. 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 "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 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.
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FIDELITY SECURITIES FUND |
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on behalf of Fidelity Series Real Estate Equity Fund |
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By |
/s/Kenneth B. Robins |
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Kenneth B. Robins |
|
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President and Treasurer |
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FIDELITY MANAGEMENT & RESEARCH COMPANY |
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By |
/s/JS Wynant |
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JS Wynant |
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Senior Vice President |