Trading at Fidelity

*This 200 Free Trade offer is valid only to new Fidelity customers opening a Fidelity IRA or brokerage account and funding it with at least $100,000 in cash and/or eligible securities. Additional exclusions, terms, and conditions apply, including trade limitations and minimum account balance requirements. Visit www.fidelity.com/200trades for complete Offer Rules

ETFs may trade at a discount to their NAV and are subject to the market fluctuations of their underlying investments. ETFs are subject to management fees and other expenses.

Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with a marketing program that includes promotion of iShares ETFs and certain commission waivers. Additional information about the sources, amounts, and terms of compensation is described in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. iShares is a registered trademark of BlackRock Institutional Trust Company, N.A.

$7.95 commission applies to online U.S. equity trades for Fidelity Brokerage Services LLC retail clients; other conditions may apply. See Fidelity.com/commissions for details.

System availability and response times may be subject to market conditions.

Options trading entails significant risk and is not appropriate for all investors. Prior to trading options, you must receive a copy of “Characteristics and Risks of Standardized Options,” which is available from Fidelity Investments, and be approved for options trading. Supporting documentation for any claims, if applicable, will be furnished upon request.

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¹Kiplinger’s magazine, February 2011. Industry review ranking 14 leading discount brokers. Results based on ratings in the following categories: costs, Web site usability, investment choices, customer service, research and tools. Criteria not equally rated. TD Ameritrade tied with Fidelity for the #1 spot.

² Eligilibility requirements apply.

³ Based upon published Web site commission schedules, as of 4/1/11, for E*Trade, Schwab, and TD Ameritrade for all online U.S. equity trades. Other pricing may be available based on a specific asset level or a combination of trading and asset levels.

⁴ NBBO price is determined with the best single leg prices on a single market from the available option exchanges at the time the order was executed or within 30 seconds of the order being received by the CBOE's order routing system.

Fidelity Brokerage Services, Member NYSE, SIPC