Fidelity Funds - Global Hybrids Bond Fund Y-Acc-EUR

The fund seeks a high level of current income and the potential for capital appreciation by primarily investing in hybrids and CoCos, as well as in other subordinated financial debt and preference shares. These investments include investment grade and noninvestment grade assets. The Investment Manager is not restricted in its choice of companies either by region or country and will choose bonds largely determined by the availability of attractive investment opportunities. The fund may also invest in other transferable securities, units/shares of UCITS or other UCIs, Money Market Instruments, cash and deposits. As this fund may invest globally, it may be exposed to countries considered to be emerging markets. A minimum of 50% of the fund’s net assets will be invested in securities deemed to maintain sustainable characteristics, as described in the section entitled “1.3.2(a) Fidelity Sustainable Investing Framework” above.