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Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
features funds our analysts believe have the potential to outperform their peers over the long term.
If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are
thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start.
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The fund aims to achieve long-term capital growth from a portfolio primarily made up of equity securities issued by companies throughout the world. As this fund may invest globally, it may be exposed to countries considered to be emerging markets.
The fund is part of the Fidelity Sustainable Family and adopts a Sustainable Thematic strategy, which actively seeks to select companies involved in the design, manufacture, or sale of products and services used for or in connection with water and waste management sectors, and under which a minimum of 70% of the funds net assets will be invested in securities which are deemed to maintain sustainable characteristics (as described in the section entitled 1.3.2 (b) Fidelity Sustainable Family of Funds).
The water management sector includes but is not limited to, those companies involved in water production, water conditioning, de-salination, supply, bottling, transport and dispatching of water. The waste management sector includes but is not limited to, those companies involved in the collection, recovery and disposal of waste; including recycling, incineration, anaerobic digestion of food waste (biological processes) and landfilling of residual waste. The sector also includes those companies specialising in the treatment of wastewater, sewage, solid, liquid and chemical waste and any consulting or engineering services in connection with these activities.
Environmental characteristics include, but are not limited to, water and waste management. Controversies involving environmental characteristics are regularly monitored. Environmental characteristics are analysed by Fidelitys fundamental analysts and rated through Fidelity Sustainability Ratings. The fund seeks to promote these characteristics by adhering to the Fidelity Sustainable Family Framework.
The fund may invest its net assets directly in China A and B Shares.
The fund is actively managed. The Investment Manager will, for the purposes of monitoring risk, reference MSCI ACWI Index (the Index) as the Index constituents are representative of the type of companies the fund invests in. The funds performance can be assessed against its Index.
The Investment Manager has a wide range of discretion relative to the Index. While the fund will hold assets that are components of the Index, it may also invest in companies, countries or sectors that are not included in, and that have different weightings from, the Index in order to take advantage of investment opportunities. It is expected that over long time periods, the funds performance will differ from the Index. However, over short time periods, the funds performance may be close to the Index, depending on market conditions.
Shareholders attention is drawn to the fact that the Index is not an index which integrates environmental considerations. Instead, the fund promotes environmental characteristics by adhering to the Fidelity Sustainable Family Framework, as described above.