Common use of Investment Advisory Services Clause in Contracts

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund and shall, subject to the supervision of the Trust’s Board of Trustees, direct the investments of the Fund in accordance with the investment objective, policies and limitations as provided in the Fund’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 Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the Fund; and shall pay the salaries and fees of all officers of the Trust, of all Trustees of the Trust who are “interested persons” of the Trust or of the Adviser and of all personnel of the Trust 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 Fund, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policies. The investment policies and all other actions of the Fund are and shall at all times be subject to the control and direction of the Trust’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund and shall, subject to the supervision of the Trust’s 's Board of Trustees, direct the investments of the Fund in accordance with the investment objective, policies and limitations as provided in the Fund’s '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 Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the Fund; and shall pay the salaries and fees of all officers of the Trust, of all Trustees of the Trust who are “"interested persons” " of the Trust or of the Adviser and of all personnel of the Trust 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 Fund, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s 's investment policies. The investment policies and all other actions of the Fund are and shall at all times be subject to the control and direction of the Trust’s 's Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund Portfolio and shall, subject to the supervision of the Trust’s Fund's Board of Trustees, direct the investments of the Fund Portfolio in accordance with the investment objective, policies and limitations as provided in the Fund’s 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 Fund Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio; and shall (either itself or through an affiliate) pay the salaries and fees of all officers of the TrustFund, of all Trustees of the Trust Fund who are “"interested persons” " of the Trust Fund or of the Adviser Adviser, and of all personnel of the Trust 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 FundPortfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policiesPortfolio. The investment policies and all other actions of the Fund Portfolio are and shall at all times be subject to the control and direction of the Trust’s Fund's Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund and shall, subject to the supervision of the Trust’s Board of Trustees, direct the investments of the Fund in accordance with the investment objective, policies and limitations as provided in the Fund’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 Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the Fund; and shall pay the salaries and fees of all officers of the Trust, of all Trustees of the Trust who are “interested persons” of the Trust or of the Adviser and of all personnel of the Trust 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 Fund, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under by the Fund’s investment policies. The investment policies and all other actions of the Fund are and shall at all times be subject to the control and direction of the Trust’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund Portfolio and shall, subject to the supervision of the TrustFund’s Board of Trustees, direct the investments of the Fund Portfolio in accordance with the investment objective, policies and limitations as provided in the FundPortfolio’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 Fund Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio; and shall (either itself or through an affiliate) pay the salaries and fees of all officers of the TrustFund, of all Trustees of the Trust Fund who are “interested persons” of the Trust Fund or of the Adviser Adviser, and of all personnel of the Trust 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 FundPortfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policiesPortfolio. The investment policies and all other actions of the Fund Portfolio are and shall at all times be subject to the control and direction of the TrustFund’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund and shall, subject to the supervision of the TrustTrust ’s Board of Trustees, direct the investments of the Fund in accordance with the investment objective, policies and limitations as provided in the FundFund ’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 Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the Fund; and shall pay the salaries and fees of all officers of the Trust, of all Trustees of the Trust who are “interested persons” of the Trust or of the Adviser and of all personnel of the Trust 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 Fund, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the FundFund ’s investment policies. The investment policies and all other actions of the Fund are and shall at all times be subject to the control and direction of the TrustTrust ’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund Portfolio and shall, subject to the supervision of the Trust’s Fund's Board of Trustees, direct the investments of the Fund Portfolio in accordance with the investment objective, policies and limitations as provided in the Fund’s 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 Fund Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio; and shall (either itself or through an affiliate) pay the salaries and fees of all officers of the TrustFund, of all Trustees of the Trust Fund who are “"interested persons” " of the Trust Fund or of the Adviser Adviser, and of all personnel of the Trust 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 FundPortfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policiesPortfolio. The investment policies and all other actions of the Fund Portfolio are and shall at all times be subject to the control and direction of the Trust’s Fund's Board of Trustees.. (b)

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund and shall, subject to the supervision of the Trust’s Board of Trustees, direct the investments of the Fund in accordance with the investment objective, policies and limitations as provided in the Fund’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 Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the Fund; and shall pay the salaries and fees of all officers of the Trust, of all Trustees of the Trust who are “interested persons” of the Trust or of the Adviser and of all personnel of the Trust 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 Fund, to allocate the Fund’s assets among the various underlying Fidelity funds in which the Fund may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policies. The investment policies and all other actions of the Fund are and shall at all times be subject to the control and direction of the Trust’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund Portfolio and shall, subject to the supervision of the Trust’s Fund's Board of Trustees, direct the investments of the Fund Portfolio in accordance with the investment objective, policies and limitations as provided in the Fund’s 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 Fund Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio; and shall (either itself or through an affiliate) pay the salaries and fees of all officers of the TrustFund, of all Trustees of the Trust Fund who are “"interested persons” " of the Trust Fund or of the Adviser and of all personnel of the Trust 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 FundPortfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policiesPortfolio. The investment policies and all other actions of the Fund Portfolio are and shall at all times be subject to the control and direction of the Trust’s Fund's Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund Portfolio and shall, subject to the supervision of the TrustFund’s Board of Trustees, direct the investments of the Fund Portfolio in accordance with the investment objective, policies and limitations as provided in the FundPortfolio’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 Fund Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio; and shall (either itself or through an affiliate) pay the salaries and fees of all officers of the TrustFund, of all Trustees of the Trust Fund who are “interested persons” of the Trust Fund or of the Adviser and of all personnel of the Trust 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 FundPortfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policiesPortfolio. The investment policies and all other actions of the Fund Portfolio are and shall at all times be subject to the control and direction of the TrustFund’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund Portfolio and shall, subject to the supervision of the TrustFund’s Board of TrusteesDirectors, direct the investments of the Fund Portfolio in accordance with the investment objective, policies and limitations as provided in the FundPortfolio’s Prospectus registration statement 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 Fund Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio; and shall (either itself or through an affiliate) pay the salaries and fees of all officers of the TrustFund, of all Trustees of the Trust Fund who are “interested persons” of the Trust Fund or of the Adviser Adviser, and of all personnel of the Trust 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 FundPortfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policiesPortfolio. The investment policies and all other actions of the Fund Portfolio are and shall at all times be subject to the control and direction of the TrustFund’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Fund and shall, subject to the supervision of the Trust’s 's Board of Trustees, direct the investments of the Fund in accordance with the investment objective, policies and limitations as provided in the Fund’s '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 Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the Fund; and shall pay the salaries and fees of all officers of the Trust, of all Trustees of the Trust who are “"interested persons” " of the Trust or of the Adviser and of all personnel of the Trust 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 Fund, to allocate the Fund's assets among the various underlying Fidelity funds in which the Fund may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Fund as permitted under the Fund’s investment policies. The investment policies and all other actions of the Fund are and shall at all times be subject to the control and direction of the Trust’s 's Board of Trustees.