Fidelity Funds - Sustainable All China Equity Fund W-ACC-GBP/  LU2545264793  /

The fund aims to achieve capital growth over the long term. The fund invests at least 70% of its assets, in equities of Chinese companies listed in mainland China and Hong Kong. The fund may also invest in money market instruments on an ancillary basis. The fund invests at least 70% of its assets in securities of issuers with favourable environmental, social and governance (ESG) characteristics and up to 30% in securities of issuers with improving ESG characteristics. The fund may invest in the following assets according to the percentages indicated: China A and B shares: up to 100% (in aggregate) with direct investments up to 100% China A shares, via ChiNext and STAR board (directly): up to 100% (in aggregate) China A shares via QFI: less than 70% The fund"s largest ten holdings may account for 50% or more of its assets, resulting in portfolio concentration. 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 Investment Manager also considers ESG factors when assessing investment risks and opportunities. In determining favourable ESG characteristics, the Investment Manager takes into account ESG ratings provided by Fidelity or external agencies. Through the investment management process, the Investment Manager aims to ensure that investee companies follow good governance practices. The fund assesses the ESG characteristics of at least 90% of its assets. The fund"s average ESG rating exceeds the average ESG rating of its investment universe as represented by the benchmark, after excluding 20% of assets with the lowest ESG ratings. The fund adheres to the Fidelity Sustainable Family of Funds standards. For more information, see "Sustainable Investing and ESG Integration".

The fund aims to achieve capital growth over the long term. The fund invests at least 70% of its assets, in equities of Chinese companies listed in mainland China and Hong Kong. The fund may also invest in money market instruments on an ancillary basis. The fund invests at least 70% of its assets in securities of issuers with favourable environmental, social and governance (ESG) characteristics and up to 30% in securities of issuers with improving ESG characteristics. The fund may invest in the following assets according to the percentages indicated: China A and B shares: up to 100% (in aggregate) with direct investments up to 100% China A shares, via ChiNext and STAR board (directly): up to 100% (in aggregate) China A shares via QFI: less than 70% The fund"s largest ten holdings may account for 50% or more of its assets, resulting in portfolio concentration.