General Information for Investors
The information contained on this website is not directed at, and must not be acted upon by persons inside the United Kingdom or the United States and is otherwise directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required.
Fidelity Funds and Fidelity Funds II are open-ended Luxembourg based investment companies. We recommend that you obtain detailed information before taking any investment decision. Investments should be made on the basis of the current Prospectuses, which are available along with the current, annual and semi-annual reports free of charge from our distributors and from our European Service Centre in Luxembourg (FIL (Luxembourg) S.A., 2a, rue Albert Borschette, BP 2174, L-1021, Luxembourg). The custodian of the funds is Brown Brothers Harriman (Luxembourg) S.C.A.
Fidelity Active Strategy (SICAV) (FAST or the ‘Fund’) is an open-ended investment company established in Luxembourg with different classes of shares. The Fund is registered under Part I of the Luxembourg Law of 20 December 2002 relating to undertakings for collective investment, as amended (the “Law of 2002”). The Articles of Incorporation of the Fund were changed on 11 February 2008 with the effect of re-registering the Fund from Part II of the Law of 2002 to Part I of the Law of 2002 from 22 February 2008. The Fund therefore qualifies as an undertaking for collective investment in transferable securities (‘UCITS’) and has obtained recognition under the amended EC Council Directive 85/611. Investments should be made on the basis of the current prospectus, which is available along with any current annual and semi-annual reports free of charge from our European Service Centre in Luxembourg or from the offices of FIL Investments International as outlined below. FAST is available only to qualifying investment professionals and will be engaged in only with qualifying investment professionals.
Fidelity only gives information on its products and services and does not provide investment advice based on individual circumstances. If you are in any doubt about whether an investment is suitable, you should seek independent advice and consult your stockbroker, bank manager, solicitor, accountant or other financial adviser.
Past performance is not a reliable indicator of future results. The value of investments and any income from them may go down as well as up and an investor may not get back the amount invested. An investment in a currency other than the investor's own will be subject to the movements of foreign exchange rates. Foreign exchange transactions may be effected on an arm's length basis by or through Fidelity companies from which a benefit may be derived by such companies.
Due to the greater possibility of default an investment in corporate bonds is generally less secure than an investment in Government bonds.
Fidelity Funds – India Focus Fund Note: The Fund will invest in Indian securities through a wholly owned Mauritian subsidiary, Fid Funds (Mauritius) Limited, whose sole object is to carry out investment activities on behalf of the Fund. FIL Investments International provides investment advisory and management services to Fid Funds (Mauritius) Limited in relation to Indian securities. FIL Investments International has obtained approval from the Securities and Exchange Board of India and the Reserve Bank of India to invest in India on its own behalf and on behalf of approved client accounts as a Foreign Institutional Investor ("FII") under Indian law. Fid Funds (Mauritius) Limited is registered as an FII sub-account of FIL Investments International’s FII license in order to be able to invest in Indian securities.
Fidelity Funds – EURO STOXX 50™ Fund Note: EURO STOXX 50 is a mark of STOXX LIMITED and has been licensed for certain purposes by Fidelity Funds. Dow Jones EURO STOXX 50 Index is owned by STOXX LIMITED. The name of the index is a service mark of DOW JONES & COMPANY, INC. and has been licensed for certain purposes by Fidelity Funds. © 1998 by STOXX LIMITED. All rights reserved.
Several of the funds invest, in part or in whole, in emerging market securities. Investors should appreciate that these securities may be more volatile than securities in more developed markets. As a result there may be a greater risk of price fluctuation and of the suspension of redemptions in such funds, compared with funds investing in more mature markets. This volatility may stem from political and economic factors, and be exacerbated by legal, trading liquidity, settlement, transfer of securities and currency factors. Some emerging market countries have relatively prosperous economies but may be sensitive to world commodity prices. Others are especially vulnerable to economic conditions in other countries. Although care is taken to understand and manage these risks, the respective funds and the fund Shareholders ultimately bear the risks associated with investing in these markets.
Some of the funds may invest a small portion of their net assets in Russia as indicated in the relevant notes in Part I of the Prospectus. There are specific risks linked to investing in Russia. Investors should be aware that the Russian market presents specific risks in relation to the settlement and safekeeping of securities as well as in the registration of assets, where registrars are not always subject to effective government supervision. Russian securities are not on physical deposit with the Custodian or its local agents in Russia. Therefore, neither the Custodian nor its local agents in Russia can be considered to be performing a physical safekeeping or custody function in the traditional sense. The Custodian's liability only extends to its own negligence and wilful default and to negligence and wilful misconduct of its local agents in Russia and does not extend to losses due to the liquidation, bankruptcy, negligence and wilful default of any registrar. In the event of such losses, the Fund will have to pursue its rights against the issuer and/or its appointed registrar.
Please note that not all the funds mentioned may be registered or authorised for public distribution in each jurisdiction. Fidelity is not generally permitted to accept investment purchases from residents of countries where appropriate authorisations and registrations have not been obtained. In certain jurisdictions, investments may only be made through authorised intermediaries. For further information, please contact Fidelity.
Information on the introduction of the Luxembourg Law of 28 July 2014 concerning the immobilisation of bearer shares
This information concerns holders of bearer shares (the “Bearer Shareholders”) in Fidelity Funds (the “Fund”).
The Luxembourg government has introduced the Law of 28 July 2014 concerning the immobilisation of bearer shares, whereby the Fund is required to appoint a bearer shares depositary (the “Depositary”), which undertakes the following tasks with respect to all the Fund’s outstanding bearer shares:
(i) to hold the deposited bearer shares on behalf of the Bearer Shareholders, who remain the owners of the shares, and
(ii) to maintain a register of bearer shares in Luxembourg, containing:
The Fund has appointed FIL (Luxembourg) S.A., 2a rue Albert Borschette, L-1021 Luxembourg, Grand Duchy of Luxembourg to act as the Depositary for its bearer shares.
Voting rights and dividend entitlements attached to the bearer shares will be automatically suspended on 18 February 2015 until such time that Shareholders deposit their bearer shares with the Depositary by submitting the relevant certificates. Bearer Shareholders are recommended to carry out the deposit with the Depositary as soon as possible in order to avoid the suspension of their voting rights that would prohibit them from voting at any meetings and from receiving any dividends announced by the Fund (without payment of interest).
All Bearer Shareholders are requested to deposit their bearer shares with the Depositary no later than 18 February 2016. Bearer shares not deposited by this date shall be cancelled and will not reflect any gains or losses after this date. Following such cancellation, the relevant Bearer Shareholders may only obtain the value of their shares as at 18 February 2016 by contacting the Luxembourg Caisse de Consignation at the following address:
Should you have any questions regarding this notice, please contact your usual Service Centre which can be found on https://www.fidelityinternational.com
This material is issued by FIL Investments International (FSA registered number 122170) authorised and regulated in the UK by the Financial Services Authority. FIL Investments International is a member of the FIL group of companies and is registered in England and Wales under the company number 1448245. The registered address is Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ, United Kingdom. Fidelity's VAT identification number is 395 3090 35.
Specific Information to accompany Business Centre Fund Factsheets:
Source of all performance data: Standard & Poor's performance calculated NAV to NAV, gross income reinvested in the relevant currency of the fund, excluding initial charge. Cash returns to investor adjusted to reflect sales charge and includes the initial investment.
In certain countries, and for certain types of investments, transaction costs are higher and liquidity is lower than elsewhere. There may also be limited opportunities to find alternative ways of managing cash flows especially where the focus of investment is on small and medium sized firms. For funds specialising in such countries and investment types, transactions, particularly those large in size, are likely to have a greater impact on the costs of running a fund than similar transactions in larger funds. Prospective investors should bear this in mind in selecting funds. Reference to specific securities is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same. Investors should also note that the views expressed may not longer be current and may already have been acted upon by Fidelity.
For the asset allocation funds (as described in the Fidelity Funds Prospectus) an annual asset allocation fee of up to 0.5% is levied, plus the investment management fee on the investments, ranging from 0.4% to 1.50% depending on the composition of the portfolio.
The risk rating gives an indication of the risk level of a fund only in relation to Fidelity's overall fund range. It is intended only as a guide and is based on Fidelity's experience of previous performance of the managers, asset classes, markets and currencies involved. The scale applies to euro-based investors.
Issued by FIL Investments International, registered in England and Wales, authorised and regulated in the UK by the Financial Services Authority.
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