Fidelity Funds 2 - Transition Materials Fund Y-ACC-Euro/  LU2701010626  /

The fund aims to achieve capital growth over the long term. The fund invests at least 70% of its assets in equities of companies from anywhere in the world. The fund aims to make investments in companies mining, producing or processing the commodities that enable transition away from a dependence on fossil fuels including, but not limited to, themes such as, electrification, battery technology, innovative transport, low carbon supply and carbon capture. The fund invests at least 50 % of its assets in securities of issuers with favorable environmental, social and governance (ESG) characteristics. The fund may invest in the following assets according to the percentages indicated: Money market instruments: up to 20%, Convertible bonds: up to 10%, China A and B shares (directly and/or indirectly): less than 30% (in aggregate), Emerging markets (including China): up to 50 %. In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other factors.

The fund aims to achieve capital growth over the long term.