Fidelity Investments ® Expands Commission-Free i Passive Sector ETFs with Launch of Real Estate ETF

Low-Cost Sector ETF Lineup Surpasses $2.2 Billion in Assets;

New ETF Expands Passive Mutual Fund and ETF Product Offering for Investors and Advisors

Fidelity Investments ®. a pioneer in sector investing and the second largest passive mutual fund manager, today announced it expanded its passive sector ETF product lineup with the launch of Fidelity ® MSCI Real Estate Index ETF (FREL).

Available to individual investors and financial advisors, FREL is a passively-managed, market-cap weighted real estate ETF. Fidelity, who has been managing index funds for over 25 years, now offers 16 Fidelity index mutual funds and 12 passively managed Fidelity ETFs totaling $177 billion assets under management.

FREL, which will commence trading on the New York Stock Exchange today, February 5, 2015, at 9:30 a.m. Eastern Time, is competitively priced with a total expense ratio of 0.12 percent, matching Fidelity’s existing passive sector ETF lineup. The sector ETFs offer among the lowest expense ratios in the industry and are available commission free i to investors and advisors online through one of Fidelity’s brokerage platforms.

“Considered by many investors as the 11 th sector, we believe there is strong client demand for diversified real estate investments in an ETF wrapper given there is currently $907 billion in listed real estate instruments in the U.S. 1 ,”said Anthony Rochte, president of Fidelity SelectCo, the firm’s dedicated sector investing division. “Our passive sector ETFs seek to provide customers with a cost-effective option to help diversify portfolios and gain exposure to specific industries. With more than $2.2 billion in assets under management, the ETFs continue to generate significant interest among clients, especially within the investment advisor community.”

As part of its broader strategic relationship, Fidelity uses BlackRock as the sub-advisor for its 11 passive sector ETFs. MSCI continues to provide its global equity indexes.

Investors Offered Additional Choice for Real Estate Industry

Fidelity has more than 30 years of global sector investing experience and offers 44 actively managed sector mutual funds with $75 billion in assets, up nearly 21% from one year ago. 2 This is the industry’s largest lineup of sector mutual funds. With the launch of Fidelity MSCI Real Estate Index ETF, individual investors and advisors can now obtain exposure to the industry through a variety of different active and passive products managed by Fidelity. The following chart provides the complete list of real estate funds: