Fidelity Funds - American Growth Fund A-ACC-USD/  LU0275693405  /

The fund aims to achieve long-term capital growth, principally through a focused portfolio invested in companies having their head office or exercising a predominant part of their activity in the US. The fund manager selects stocks with the following characteristics: proven management team positioned to exploit marketing opportunities; superior future earnings outlook; strong fundamentals; relatively attractive share valuations. The fund manager sells holdings if: a company’s operating environment is compromised; management fails to execute the projected business strategy; growth objectives are met or the target price achieved; stock trades ahead of fundamentals.

The fund aims to achieve long-term capital growth, principally through a focused portfolio invested in companies having their head office or exercising a predominant part of their activity in the US.