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Important Legal Information

The business unit of Pyramis Global Advisors (Pyramis) consists of: Pyramis Global Advisors Holdings Corp., a Delaware corporation; Pyramis Global Advisors Trust Company, a New Hampshire limited purpose trust company (PGATC); Pyramis Global Advisors, LLC, a U.S. registered investment advisor (PGA LLC); Pyramis Canada ULC, an Ontario registered investment advisor; Pyramis Global Advisors (UK) Limited, a U.K. research provider (PGAUK); Pyramis Global Advisors (Hong Kong) Limited, a Hong Kong registered investment advisor (PGAHK); Pyramis Distributors Corporation LLC, a U.S. registered broker-dealer; and Fidelity Investments Canada ULC, an Alberta corporation (FIC). Investment services are provided by PGATC, PGA LLC, Pyramis Canada ULC and/or PGAHK.

This material is for the sole use of current and prospective institutional clients of Pyramis Global Advisors group of companies and Fidelity Management Trust Company and may not be reproduced or shown to the public in oral or written form as sales material. Nothing on this web site should be considered a solicitation to buy or an offer to sell a security to any person.

The information in this web site is for the use of investment consultants to educate themselves on the investment management capabilities offered by Pyramis Global Advisors and Fidelity Management Trust Company. This information is confidential and may only be used in conformance with Fidelity's disclosure policy.

The articles and opinions presented on the Pyramis Internet site are intended for informational purposes only and should be construed as neither advice nor legal opinion. In all circumstances, an attorney, a tax advisor, certified financial planner, or other professional should be consulted if you want further information. The opinions provided here are not necessarily those of Fidelity. Fidelity can not be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Copyright Policy
The contents of the Pyramis sites on the Internet are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos.

The third party marks appearing on this site are the property of their respective owners. All other marks appearing on the site are the property of FMR LLC or an affiliated company.

ALL INFORMATION AND CONTENT ON THE PYRAMIS WEB SITES ARE, SUBJECT TO APPLICABLE STATUTES AND REGULATIONS, FURNISHED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.