1. Building a Portfolio for Any Weather

2. 2 What you’ll learn today  Determining your investment mix  Reviewing your plan’s investment options  Staying on track  Monitoring and rebalancing your portfolio  Next steps

3. 3 Investment mix and diversification Investment mix  Percentage of: Stocks Bonds Short-term Diversification  Investing in different types of: Stocks Bonds Short-term investments Neither diversification nor asset allocation ensures a profit or guarantees against a loss.

4. 4 Your mix of investments is one of your most important decisions Spreading your investments strategically among the three main investment types can help you: Past performance is no guarantee of future results, and results may vary depending on market conditions and an individual’s particular asset allocation and security allocation.  Reduce portfolio risk and volatility  Align your investments with your time horizon, financial situation, and risk tolerance  Enhance the potential for increased and more consistent returns  Tap into market opportunities  Avoid the pitfalls of market timing Asset allocation does not ensure a profit or guarantee against loss. Stocks Higher Potential Risk Higher Potential Return Bonds Short-Term Moderate Potential Risk Moderate Potential Return Lower Potential Risk Lower Potential Return

5. 5 In the short term An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds. Unlike most FDIC-insured CDs and bank products, a money market fund’s yield and return will vary. An investment in the fund is not insured or guaranteed by the U.S. government.  Money market, T-bills, CDs  Relatively stable value  Potential to pay interest  Lower risk, lower potential return

6. 6 What about bonds?  I.O.U.s  Debt securities  Issued by governments and corporations  Potential to pay interest  Moderate risk, moderate potential return

7. 7 Take stock  Share of a company, “equity”  Long-term growth potential  Value can go up and down  Higher risk, higher potential return

8. 8 Types of risk ▪ Relatively stable value ▪ Potential to pay interest ▪ Lower risk, lower potential return ▪ Potential to pay interest ▪ Moderate risk, moderate potential return ▪ Long-term growth potential ▪ Value can go up and down ▪ Higher risk, higher potential return Inflation risk Investment risk Short-term investments Bonds Stocks

9. Source: 1 US Dept. of Labor, Bureau of Labor Statistics, 2008. 2 Costs are based on a four-year private education: Annual Survey of Colleges, The College Board, New York, 2008 398554.3 The risk of inflation 19972008 % rise in price Loaf of bread 1 $.87$1.38 63% One dozen eggs 1 $1.06 $1.9858% College education 2 $13,644 $28,22248%

10. 10 Return potential of the asset classes Data Source: Ibbotson Associates, 2010 (1960–2009). Past performance is no guarantee of future results. The asset class (index) returns reflect the reinvestment of dividends and other earnings. This chart is for illustrative purposes only and does not represent actual or future performance of any investment option. It is not possible to invest directly in a market index. Stocks are represented by the Standard and Poor’s 500 Index (S&P 500 ® Index). The S&P 500 ® Index is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates. It is an unmanaged index of the common stock prices of 500 widely held U.S. stocks that includes the reinvestment of dividends. Bonds are represented by the U.S. Intermediate Government Bond Index, which is an unmanaged index that includes the reinvestment of interest income. Short-term instruments are represented by U.S. Treasury bills, which are backed by the full faith and credit of the U.S. government. Inflation is represented by the Consumer Price Index, (CPI) is a widely recognized measure of inflation, calculated by the U.S. government. Stock prices are more volatile than those of other securities. Government bonds and corporate bonds have more moderate short-term price fluctuations than stocks but provide lower potential long-term returns. U.S. Treasury bills maintain a stable value (if held to maturity), but returns are only slightly above the inflation rate. 457643.5.1 How $100 grew over 50 years (1960 – 2009) $100 1960 2009 Stocks $9,133 Bonds $3,110 Inflation $737 Short-term investments $1,341

11. 11 Historical annual return of stocks 1926 – 2008 Benchmark: S&P 500 ® 1 year holding period 5 year holding period 20 year holding period 10 year holding period Advantages of time This chart is for illustrative purposes only and does not represent actual or future performance of any specific investment option. Past performance is no guarantee of future results. Source: Ibbotson Associates 2009. The S&P 500 ® ; Index is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates. It is an unmanaged index of the common stock prices of 500 widely held U.S. stocks that includes the reinvestment of dividends. 457643.3.2 162.9% 36.1% 21.4% 18.3% -67.6% -17.4% -4.9% 1.9%

12. 12 Investor profile questionnaire  Answer each question  Calculate your total points  Compare your total points with the target investment mixes For illustrative purposes only.

13. 13 Finding the right fit For illustrative purposes only. The purpose of the target asset mixes is to show how target asset mixes may be created with different risk and return characteristics to help meet a participant’s goals. You should choose your own investments based on your particular objectives and situation. Remember, you may change how your account is invested. Be sure to review your decisions periodically to make sure they are still consistent with your goals. You should also consider any investments you may have outside the plan when making your investment choices. The target asset mixes presented in this publication were developed by Strategic Advisers, Inc., a registered investment adviser and Fidelity Investments company, based on the needs of a typical retirement plan participant. Strategic Advisoers, Inc. is adjusting its target asset mixes, as of November, 2009, to increase the percentage of international equity to 30% of the overall equity portion of each target asset mix. Domestic Stock Foreign Stock Bond Short-term Investments Aggressive GrowthGrowth May be appropriate for investors: Comfortable with wide fluctuation > 10 years until retirement goal Looking to minimize fluctuation < 5 years until retirement goal Comfortable with significant fluctuation > 5 years until retirement goal May be appropriate for investors: Conservative May be appropriate for investors: Comfortable with moderate fluctuation < 5 years until retirement goal Balanced 60% 10% 25% 5% 60% 15% 25% 35% 40% 15% 10% 6% 14% 50% 30% 5%

14. 14 The importance of diversification  take advantage of market conditions  protect against downturns Spreading your investment dollar among and within the various investment types may help you: Diversification does not ensure a profit or guarantee against loss. The value of securities of smaller issuers may be more volatile than those of larger issuers. Value stocks can perform differently from the market as a whole. They can remain undervalued by the market for long periods of time. Lower quality securities generally offer higher yields, but also carry more risk. International investments involve greater risk and may offer greater potential return than U.S. investments. These risks include political and economic risks as well as the risk of currency fluctuations, all of which may be magnified in emerging markets. Stock values are more volatile than other securities because they fluctuate in response to the activities of individual companies, and general market and economic conditions. You may have a gain or loss when you sell your shares.

15. Diversifying your stocks: market cap and style StyleMap® depictions of mutual fund characteristics produced using data and calculations provided by Morningstar, Inc. StyleMaps estimate characteristics of a fund's equity holdings over two dimensions: market capitalization and valuation. Investment style Market capitalization Value Blend Growth Large Small Mid Stocks Large-cap Value Large-cap Blend Mid-cap Value Mid-cap Blend Large-cap Growth Mid-cap Growth Small-cap Value Small-cap Blend Small-cap Growth

16. Diversifying your stocks: international HOWTYPE By whether they include the U.S. Global (includes U.S.) International (outside U.S.) By where they invest Regional (Europe) Country (Japan) By segment of the market International small cap International bond Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. This risk includes political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation. Stocks

17. Diversifying your bonds: maturity and quality In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bond prices usually fall and vice versa). This effect is usually pronounced for longer-term securities. Bonds also entail the risk of issuer default, issuer credit risk and inflation risk. Lower-quality debt securities {generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss. Maturity Quality Short Intermediate Long High Low Moderate Bonds

18. Diversifying your short-term investments HOWTYPE By type of short-term investment Money market funds vs. U.S. Government funds By issuer Banks Government Other financial institutions An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in these funds. Unlike mutual funds, most CDs and U.S. Treasuries offer a fixed rate of return and guarantee payment of principal if held to maturity. Unlike most bank products such as CDs, money market mutual funds are not FDIC insured. Short-term

19. 19 The Case for Diversification Best-performing style Worst-performing style 2009 ValueGrowthBlend 19.7 34.2 20.6 28.4 40.5 27.2 37.2 46.3 34.5 Mid-Cap Small Large 2006 ValueGrowthBlend 22.2 20.2 23.5 15.5 15.3 18.4 9.1 10.7 13.3 Mid-Cap Small Large 2007 ValueGrowthBlend -0.17 -1.42 -9.78 5.77 5.60 -1.57 11.81 11.43 7.05 Mid-Cap Small Large 2008 ValueGrowthBlend -36.9 -38.4 -28.9 -37.6 -41.5 -33.8 -38.4 -44.3 -38.5 Mid-Cap Small Large Neither diversification nor asset allocation ensures a profit or guarantees against loss. Source: FMR Co. & Frank Russell Company, as of 12/31/2009 Styles are represented by:Large Value = Russell® Top 1000 Value, Large Blend = Russell® Top 1000, Large Growth = Russell® Top 1000 Growth. Mid Value = Russell® Mid Cap Value, Mid Blend = Russell® Mid Cap, Mid Growth = Russell® Mid Cap Growth. Small Value = Russell® 2000 Value, Small Blend = Russell® 2000, Small Growth = Russell® 2000 Growth. 1 year performance numbers are average annual total returns Investments in smaller companies may involve greater risks than those in larger more well-known companies. 457643.5.1

20. 20 Reviewing your plan’s investment options

21. 21 *Lifecycle funds are designed for investors expecting to retire around the year indicated in each fund’s name. The investment risks of each lifecycle fund change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. ** Portfolio Review is an educational tool. Guidance provided by Fidelity is educational in nature, is not individualized and is not intended to serve as the primary or sole basis for your investment or tax-planning decisions. Neither diversification nor asset allocation ensures a profit or guarantees against loss Managed account: Investment decisions and management of your portfolio are made by professionals on your behalf to help pursue your goals. Lifecycle Funds*: Provide an automatic investment mix that becomes continually more conservative as time goes on. Just pick the fund with the year that’s closest to when you plan to retire. Let us guide you: Use our investment guidance tool, Portfolio Review, ** to identify a target investment mix, receive a model portfolio suggestion, and easily implement your strategy. Do it yourself: Access Fidelity’s research resources, and use our fund selection tools to help build your portfolio. ►Do you want to make your own investment decisions? ►Are you comfortable building your own portfolio? ►Do you have the time to actively manage your investments? Choosing investments: identify your investment style Hands off Hands on

22. 22 Portfolios Can Shift Over Time—Monitoring and Rebalancing May Be Critical to Success Data Source: Ibbotson Associates, 2009 (1958–2008). Stocks are represented by the S&P 500 ® Index, and bonds are represented by the Barclays Capital US Aggregate Bond Index for bonds. The Barclays Capital U.S. Aggregate Bond Index is an unmanaged market value-weighted index for investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage- backed securities with maturities of at least one year. Short-term instruments are represented by U.S. Treasury bills, which are backed by the full faith and credit of the U.S. government. The S&P 500 ® Index is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates. It is an unmanaged index of the common stock prices of 500 widely held U.S. stocks that includes the reinvestment of dividends. Past performance is no guarantee of future results. 457643.2.0 This chart is for illustrative purposes only. Your Investment Mix Can Shift Out of Balance Over Time Asset Allocation % 198819982008 56.67% 50.00% 72.58% 38.15% 23.21% 40.00% 5.18% 4.20% 10.00% 0% 25% 50% 75% 100% StocksBondsShort-Term

23. 23 Rebalancing techniques  Change the way future contributions are directed  Exchange your current balances  Move small portions of holdings at a time Unless otherwise noted, transaction requests confirmed after the close of the market, normally 4 p.m. Eastern time, or on weekends or holidays, will receive the next available closing prices.

24. 24 Six tips for staying on track 1 Don’t chase “hot” performance. 2 Don’t try to time the market. 3 Determine your appropriate investment mix and update it only when your situation changes (life event) 4 Stay diversified. 5 Take the emotion out of it. 6 Stay invested.

25. How rebalancing is done Target portfolio Current portfolio Change +/- Stocks70%74%-4% Bonds25%21%+4% Short-term investments5% None TOTAL100% For illustrative purposes only. Static rebalancing

26. How rebalancing is done Target portfolio Current portfolio Change +/- Stocks70% (+/- 5%)74%None Bonds25% (+/- 5%)21%None Short-term investments5% (+/- 5%)5%None TOTAL100% For illustrative purposes only. Tactical rebalancing

27. 27 Portfolio Review—Simple, Actionable Investment Guidance Fidelity Portfolio Review®  Select a Target Investment Mix (your asset allocation)  Analyze Current and Target Portfolio  Receive Investment Suggestions from Fidelity  Portfolio Review is an educational tool. Screen shots are for illustrative purposes only.

28. 28 Next steps  Determine an appropriate investment mix  Determine your investment style  Select investment options that fit your target investment mix and investment style  Review and adjust your investment mix as needed  Simplify your finances by consolidating accounts  Go on line and use our guidance tools to help build your portfolio

29. 29 Important information S&P 500 ® Index. The S&P 500 ® Index is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates. It is an unmanaged index of the common stock prices of 500 widely held U.S. stocks that includes the reinvestment of dividends. Dow Jones Industrial Average SM. The Dow Jones Industrial Average, published by Dow Jones & Company, is an unmanaged average of 30 actively traded stocks (primarily industrials) that assumes reinvestment of dividends. The NASDAQ Composite ® Index. The NASDAQ Composite ® Index is an unmanaged market capitalization–weighted index that is designed to represent the performance of the National Market System, which includes over 5,000 stocks traded only over the counter and not on an exchange. Dow Jones Wilshire 5000 ®. The Dow Jones Wilshire 5000 ® is an unmanaged market capitalization–weighted index of approximately 7,000 U.S. equity securities. MSCI EAFE Index ®. The Morgan Stanley Capital International Europe, Australasia, Far East Index (EAFE) is an unmanaged market capitalization–weighted index that is designed to represent the performance of developed stock markets outside the United States and Canada. The EAFE Index is a registered service mark of Morgan Stanley and has been licensed for use by FMR LLC. Barclays Capital U.S. ® Aggregate Bond Index. The Barclays U.S. Capital Aggregate Bond Index is an unmanaged market value– weighted performance benchmark for investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year. Merrill Lynch High-Yield Bond Master Index. An unmanaged index that represents a broad cross section of corporate below- investment-grade debt securities that are not in default. Includes deferred interest bonds and payment-in-kind securities. Citigroup Money Market 3-Month T-Bill Total Rate of Return Index. An unmanaged index that consists of the last 3-month U.S. Treasury bill issues and is calculated using monthly return equivalents of yield averages which are not marked to market. 30 Day T-Bill Index measures the annual total return of a short-term obligation that is not interest-bearing (it is purchased at a discount); can be traded on a discount basis for 91 days.

30. 30 Important information The Russell 1000 ® Index is a comprehensive large-cap index measuring the performance of the largest 1,000 U.S. incorporated companies. It is reconstituted completely on an annual basis to ensure the index measures the large cap segment consistently and objectively over time. The Russell 1000 Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell Midcap ® Index measures the performance of the 800 smallest companies in the Russell 1000 Index, which represent approximately 26% of the total market capitalization of the Russell 1000 Index. The Russell Midcap Value Index is an unmanaged market capitalization–weighted index of medium-capitalization value- oriented stocks of U.S. domiciled companies that are included in the Russell Midcap Index. Value-oriented stocks tend to have lower price-to-book ratios and lower forecasted growth values. The Russell Midcap Growth Index measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000 Growth index. The Russell 2000 ® Index is an unmanaged index composed of the 2,000 smallest securities in the Russell 3000 Index and includes reinvestment of dividends. It represents approximately 11% of the Russell 3000 ® Index. The Russell 2000 Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2000 Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values.

31. 31 Important information Before investing in any mutual fund, please carefully consider the investment objectives, risks, charges and expenses. For this and other information, call or write Fidelity for a free prospectus. Read it carefully before you invest. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money. The investment options available through the plan reserve the right to modify or withdraw the exchange privilege. © 2010 FMR LLC. All rights reserved. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 539819.1.0