44004_May18.pdf Morningstar Rating Fidelity s America This fund invests primarily in US equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in United States and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Angel Agudo Reference Currency USD Size US$4,971m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 53 Fidelity Code 1016 Performance (rebased to 100) (100) A-USD A - S&P 500 (Net) 500() Top 10 Positions (%) Company Sector BERKSHIRE HATHAWAY INC DEL WILLIS TOWERS WATSON PLC ORACLE CORP BANK NEW YORK MELLON CORP FAIRFAX FINANCIAL HLDGS LTD ABBOTT LABORATORIES WELLS FARGO & CO NEW CISCO SYSTEMS INC SABRE CORP PFIZER INC 5.2 1.6 4.9 0.1 4.5 0.6 3.7 0.2 3.5 0.0 Health Care 3.1 0.5 3.0 1.0 3.0 0.9 3.0 0.0 Health Care 2.8 0.9 Investment Objective The fund invests principally in US equity securities. Cumulative Performance (%) 3 6 A-USD A - -1.7-2.7-0.2 5.5 13.9 58.7 990.6 A-EUR A - 1.3 1.9 1.8 1.6 7.3 76.7 209.4 A-ACC-USD A -- -1.7-2.6-0.2 5.5 13.9 58.7 130.0 A-ACC-AUD (H) A --() -1.8-2.7-0.4 5.3 16.0-66.6 1.8 0.0 2.9 13.7 34.1 78.4 1269.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country USA 90.1 100.0 Canada 4.7 0.0 Israel 1.8 0.0 Netherlands 1.7 0.0 Sweden 1.2 0.0 Cash* 0.4 Sector Exposure (%) Sector 25.8 14.2 25.4 26.0 Health Care 16.5 13.9 Energy 5.9 6.3 Consumer Staples 5.7 6.7 Consumer Discretionary 5.2 12.9 Materials 5.2 2.8 Industrials 4.4 9.9 Utilities 2.6 2.8 Telecommunication Services 2.5 1.8 Real Estate 0.2 2.7 Cash* 0.4 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44004_May18.pdf Fidelity s America Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.13 10.30 Beta (3 years) (3 ) 0.99 - Sharpe Ratio (3 years) (3 ) 0.35 0.94 Price / earnings ratio (x) 21.1 20.7 Price / book ratio (x) 2.2 3.3 Active Money (%) 87.0 - Market : S&P 500 (Net) 500() is for comparative purpose only. A-USD A - 01.10.90 10.59 FIDLAMI LX LU0048573561 A-EUR A - 16.02.04 9.08 FIDLAMA LX LU0069450822 A-ACC-USD A -- 03.07.06 23.00 FIDAAAA LX LU0251131958 A-ACC-AUD (H) A --() 30.08.13 16.66 FIACAUD LX LU0963029086 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-USD A - 35.6 17.3 0.7 9.3 9.4 A-EUR A - 29.9 33.5 12.2 12.4-4.0 A-ACC-USD A -- 35.6 17.3 0.7 9.3 9.5 A-ACC-AUD (H) A --() - 19.7 2.6 10.6 9.3 31.5 13.0 0.7 11.2 21.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
47160_May18.pdf Morningstar Rating Fidelity s American Diversified This fund invests primarily in US equity securities of small, medium and large capitalised companies. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in United States and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) (), Equity Details Manager Dominic Griffin Reference Currency USD Size US$100m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 76 Fidelity Code 1008 Performance (rebased to 100) (100) Investment Objective The fund aims to provide long-term capital growth, principally through investment in US equity securities of small, medium and large capitalised companies. The fund aims to be diversified in terms of sectors and market capitalisation, offering a core exposure to the US stock market. The investment manager seeks to add value primarily through stock selection. Cumulative Performance (%) 3 6 A-USD A - 0.1-1.5 1.2 8.7 15.1 54.6 142.9 1.8 0.0 2.9 13.7 34.1 78.4 187.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - S&P 500 (Net) 500() Top 10 Positions (%) Company MICROSOFT CORP ALPHABET INC APPLE INC JPMORGAN CHASE & CO INTEL CORP ABBOTT LABORATORIES MASTERCARD INC JOHNSON & JOHNSON AMAZON.COM INC PNC FINANCIAL SERVICES GRP INC Sector 4.8 3.3 4.5 2.9 3.5 4.1 3.3 1.6 2.8 1.1 Health Care 2.5 0.5 2.2 0.8 Health Care 2.1 1.4 Consumer Discretionary 2.0 2.8 2.0 0.3 Geographical Exposure (%) Country USA 95.4 100.0 Canada 1.4 0.0 Israel 0.5 0.0 Cash* 2.7 Sector Exposure (%) Sector 29.2 26.0 Health Care 17.3 13.9 13.8 14.2 Consumer Discretionary 10.9 12.9 Industrials 8.1 9.9 Materials 6.5 2.8 Energy 4.9 6.3 Consumer Staples 3.0 6.7 Utilities 1.7 2.8 Real Estate 1.0 2.7 Telecommunication Services 0.8 1.8 Cash* 2.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
47160_May18.pdf Fidelity s American Diversified Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 10.41 10.30 Beta (3 years) (3 ) 0.98 - Sharpe Ratio (3 years) (3 ) 0.40 0.94 Price / earnings ratio (x) 20.5 20.7 Price / book ratio (x) 3.3 3.3 Active Money (%) 63.9 - Market : S&P 500 (Net) 500() is for comparative purpose only. A-USD A - 01.03.04 24.29 FIDFAMD LX LU0187121727 A: distributing share class. A Calendar Year Performance (%) A-USD A - 33.2 14.6-0.2 4.0 14.7 31.5 13.0 0.7 11.2 21.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44024_May18.pdf Fidelity s American Growth This fund invests primarily in US equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in United States and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) (), Equity Details Manager Aditya Khowala Reference Currency USD Size US$980m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 83 Fidelity Code 1061 Performance (rebased to 100) (100) Investment Objective 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. Cumulative Performance (%) 3 6 A-USD A - 4.9 1.4 6.8 15.8 25.5 77.1 407.7 1.8 0.0 2.9 13.7 34.1 78.4 292.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - S&P 500 (Net) 500() Top 10 Positions (%) Company ALPHABET INC FIDELITY NATL INFORMN SVCS INC UNITEDHEALTH GROUP INC LOWES COS INC CHARTER COMMUNICATIONS INC CDW CORP UNION PACIFIC CORP BOSTON SCIENTIFIC CORP DELL TECHNOLOGIES INC HUMANA INC Sector 6.0 2.9 2.9 0.1 Health Care 2.8 1.0 Consumer Discretionary 2.4 0.3 Consumer Discretionary 2.4 0.2 2.3 0.0 Industrials 2.3 0.5 Health Care 2.2 0.2 2.2 0.0 Health Care 2.1 0.2 Geographical Exposure (%) Country USA 94.2 100.0 Canada 1.3 0.0 Israel 0.9 0.0 Belgium 0.6 0.0 Cash* 3.0 Sector Exposure (%) Sector 34.5 26.0 Health Care 14.6 13.9 Industrials 14.6 9.9 Consumer Discretionary 12.8 12.9 Energy 6.2 6.3 Materials 4.5 2.8 Consumer Staples 3.6 6.7 3.2 14.2 Telecommunication Services 1.4 1.8 Real Estate 1.1 2.7 Utilities 0.6 2.8 Cash* 3.0 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44024_May18.pdf Fidelity s American Growth Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.15 10.30 Beta (3 years) (3 ) 0.99 - Sharpe Ratio (3 years) (3 ) 0.65 0.94 Price / earnings ratio (x) 32.7 20.7 Price / book ratio (x) 3.9 3.3 Active Money (%) 86.6 - Market : S&P 500 (Net) 500() is for comparative purpose only. A-USD A - 30.06.97 50.77 FIDFAMG LX LU0077335932 A: distributing share class. A Calendar Year Performance (%) A-USD A - 39.5 11.6-0.1 5.3 20.9 31.5 13.0 0.7 11.2 21.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44001_May18.pdf Morningstar Rating Fidelity s ASEAN This fund invests primarily in equity securities in Singapore, Malaysia, Thailand, Philippines and Indonesia. The fund is subject to investment, equities, emerging markets risk specific to the ASEAN market and foreign currency risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) (), Equity Details Manager Gillian Kwek Reference Currency USD Size US$851m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 93 Fidelity Code 1017 Performance (rebased to 100) (100) A-USD A - MSCI AC South East Asia (Net) () Top 10 Positions (%) Company DBS GROUP HLDGS LTD UNITED OVERSEAS BANK LTD OVERSEA-CHINESE BKG CORP LTD SINGAPORE TELECOM LTD BANK CENTRAL ASIA TBK PT PTT PUBLIC CO LTD PUBLIC BANK BHD BANK RAKYAT INDONESIA TBK PT BK MANDIRI PERSERO TBK PT AIRPORTS OF THAILAND PCL Sector 7.9 6.3 6.3 4.7 5.4 4.9 Telecommunication Services 4.9 3.3 4.3 2.7 Energy 4.1 2.9 2.9 2.9 2.8 2.0 2.5 1.6 Industrials 2.3 1.5 Investment Objective The fund invests principally in equity securities quoted on stock exchanges in Singapore, Malaysia, Thailand, the Philippines and Indonesia. Cumulative Performance (%) 3 6 A-USD A - -1.4-6.4 1.2 9.9 10.2 1.7 485.0 A-ACC-USD A -- -1.4-6.4 1.3 9.9 10.2 1.8 142.2 A-ACC-HKD A -- -1.0-6.2 1.7 10.6 11.4 2.8 21.9 A-ACC-AUD (H) A --() -1.8-5.8 0.2 6.1 7.8-14.2-2.8-6.7 1.7 10.3 11.2 4.0 472.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country Singapore 37.4 31.8 Thailand 18.5 20.9 Indonesia 17.5 17.4 Malaysia 15.4 20.8 Philippines 6.4 8.5 Hong Kong 2.2 0.2 Vietnam 0.2 0.0 China 0.0 0.3 Cash* 2.5 Sector Exposure (%) Sector 41.6 37.5 Industrials 12.2 11.1 Consumer Staples 10.7 9.4 Real Estate 9.4 8.2 Telecommunication Services 6.9 9.4 Energy 6.1 7.0 4.2 0.3 Utilities 2.4 3.9 Consumer Discretionary 2.0 6.9 Health Care 1.3 2.1 Materials 0.8 4.2 Cash* 2.5 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44001_May18.pdf Fidelity s ASEAN Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.26 13.86 Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) 0.20 0.22 Price / earnings ratio (x) 14.1 15.6 Price / book ratio (x) 1.8 1.8 Active Money (%) 49.3 - Market : MSCI AC South East Asia (Net) () is for comparative purpose only. A-USD A - 01.10.90 33.82 FIDLAEI LX LU0048573645 A-ACC-USD A -- 25.09.06 24.22 FIDAAAU LX LU0261945553 A-ACC-HKD A -- 09.02.12 12.19 FFAAHKD LX LU0737861269 A-ACC-AUD (H) A --() 09.04.14 11.42 FFASAUH LX LU1046420474 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-USD A - -4.8 7.0-17.7 4.8 26.5 A-ACC-USD A -- -4.8 7.0-17.7 4.9 26.5 A-ACC-HKD A -- -4.8 7.0-17.7 4.9 27.4 A-ACC-AUD (H) A --() - - -10.8 4.3 18.1-4.7 6.2-18.5 6.0 29.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44005_May18.pdf Morningstar Rating Fidelity s Asia Focus This fund invests primarily in Pacific Basin (excluding Japan) equity securities. The fund is subject to investment, equities, foreign currency, RMB currency risks and risks of investing in emerging markets specific to the Asia market. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). () "QFII" AA, A ( ) (), Equity Details Manager Dhananjay Phadnis Reference Currency USD Size US$2,365m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 75 Fidelity Code 1031 Performance (rebased to 100) (100) A-USD A - MSCI AC Asia ex-japan (Net) ()() Top 10 Positions (%) Company TENCENT HLDGS LTD ALIBABA GROUP HOLDING LTD AIA GROUP LTD TAIWAN SEMICONDUCTR MFG CO LTD SAMSUNG ELECTRONICS CO LTD INDUSTRIAL & COML BK CHINA HDFC BANK LTD CHINA PAC INS GROUP CO LTD UNITED OVERSEAS BANK LTD ZHEJIANG SUPOR COOKWARE CO LTD Sector 6.8 6.2 5.6 4.9 5.4 2.4 4.7 3.9 4.5 5.5 2.7 1.3 2.7 0.0 2.0 0.2 1.9 0.6 Consumer Discretionary 1.9 0.0 Investment Objective The fund invests principally in equity securities quoted on stock exchanges in Asia excluding Japan. The fund may invest its net assets directly in China A and B Shares. () AB Cumulative Performance (%) 3 6 A-USD A - 3.4-0.3 6.4 22.1 29.3 41.0 973.6 A-EUR A - 6.5 4.4 8.5 17.6 21.8 56.9 337.2 A-ACC-USD A -- 3.4-0.3 6.4 22.1 29.3 41.0 159.1 A-ACC-EUR A -- 6.5 4.4 8.5 17.5 21.8 56.9 182.0 0.0-2.1 2.7 17.3 24.0 44.4 539.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 36.9 36.1 Korea (South) 13.6 17.3 India 12.8 9.5 Taiwan 9.1 13.1 Hong Kong 8.0 10.8 Indonesia 3.0 2.2 Singapore 2.8 4.4 Thailand 2.7 2.7 Philippines 2.3 1.1 Malaysia 1.9 2.7 Other Countries 2.0 0.1 Cash* 5.0 Sector Exposure (%) Sector 33.6 23.4 29.0 32.1 Consumer Discretionary 11.1 8.8 Consumer Staples 6.1 4.8 Health Care 4.7 2.8 Industrials 3.9 6.5 Energy 2.7 4.6 Real Estate 1.4 5.8 Utilities 1.1 3.0 Telecommunication Services 0.8 3.7 Materials 0.6 4.5 Cash* 5.0 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44005_May18.pdf Fidelity s Asia Focus Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 15.00 15.41 Beta (3 years) (3 ) 0.96 - Sharpe Ratio (3 years) (3 ) 0.56 0.44 Price / earnings ratio (x) 17.1 13.7 Price / book ratio (x) 2.2 1.7 Active Money (%) 65.4 - Market : MSCI AC Asia ex-japan (Net) ()() Prior to 28 Feb 15, the index was MSCI AC Far East ex Jpn (N). Prior to Sep 94 was a custom MSCI, the Combined Pacific (F) ex Jpn plus Australia and New Zealand. 2015 2 28()() 1994 9 ()( ) is for comparative purpose only. A-USD A - 01.10.90 9.70 FIDLSEI LX LU0048597586 A-EUR A - 16.02.04 8.32 FIDLSEA LX LU0069452877 A-ACC-USD A -- 25.09.06 25.91 FSEAAUA LX LU0261947096 A-ACC-EUR A -- 25.09.06 28.20 FSEAAEA LX LU0261946445 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 4.5-2.6-7.5 3.2 41.8 A-EUR A - 0.0 11.0 3.1 6.2 24.4 A-ACC-USD A -- 4.5-2.6-7.5 3.2 41.7 A-ACC-EUR A -- 0.1 11.0 3.0 6.2 24.4 3.8 3.2-9.6 5.4 41.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
48077_May18.pdf Morningstar Rating Fidelity s Asia Pacific Dividend This fund invests primarily in income producing equity securities in the Asia Pacific region. The fund is subject to investment, equities, foreign currency risk and risks of investing in emerging markets specific to the Asia Pacific market. Although the fund will generally invest in income-producing securities, it is not guaranteed that all underlying investments will generate income and higher yields generally mean that there will be reduced potential for capital appreciation for equity securities. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income which, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. () ( ) 1) 2) C () Equity Details Manager Polly Kwan Reference Currency USD Size US$474m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 91 Fidelity Code 1011 Performance (rebased to 100) (100) A-USD A - Top 10 Positions (%) Company TENCENT HLDGS LTD 6.5 SAMSUNG ELECTRONICS CO LTD 5.3 ALIBABA GROUP HOLDING LTD 4.8 TAIWAN SEMICONDUCTR MFG CO LTD 3.6 AIA GROUP LTD 3.4 CHINA CONSTRUCTION BANK 2.8 INDUSTRIAL & COML BK CHINA 2.5 CSL LTD 2.4 WESTPAC BANKING CORP 2.2 SUNNY OPTICAL TEC(GROUP)CO LTD 2.1 Investment Objective The fund aims to achieve income and long-term capital growth principally through investments in income producing equity securities of companies that have their head office or exercise a predominant part of their activity in the Asia Pacific region. The Investment Manager will select investments which it believes offer attractive dividend yields in addition to price appreciation. Cumulative Performance (%) 3 6 A-USD A - 1.0-0.1 3.6 15.4 20.8 36.9 187.0 A-MINCOME(G)-USD A -(G)- 1.1-0.1 3.6 15.4 20.9 36.9 41.4 A-HMDIST(G)-AUD (H) A -H(G)-() 2.4 1.1 3.9 14.3 20.2-41.2 A-MINCOME(G)-HKD A -(G)- 1.5 0.2 4.1 16.2 22.2-35.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 33.0 Australia 16.9 Korea (South) 10.8 Taiwan 10.0 India 10.0 Hong Kong 9.6 Singapore 2.4 Thailand 2.1 Indonesia 1.2 New Zealand 0.6 Other Countries 0.7 Cash* 2.7 Sector Exposure (%) Sector 28.0 26.9 Materials 7.2 Health Care 7.1 Consumer Discretionary 7.0 Energy 5.3 Telecommunication Services 4.1 Real Estate 3.7 Utilities 2.8 Industrials 2.8 Consumer Staples 2.4 Cash* 2.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
48077_May18.pdf Fidelity s Asia Pacific Dividend Measures Annualised Volatility (3 years) (3 )% 13.61 Sharpe Ratio (3 years) (3 ) 0.43 Price / earnings ratio (x) 15.4 Price / book ratio (x) 2.1 Details & Codes Date A-USD A - 16.12.04 23.67 FIDAPGA LX LU0205439572 A-MINCOME(G)-USD A -(G)- A-HMDIST(G)-AUD (H) A -H(G)-() 24.01.13 12.13 FIDAPAM LX LU0877626530 09.04.14 12.32 FAHMDGH LX LU1046420714 A-MINCOME(G)-HKD 16.10.14 12.30 FFAAMGH LX LU1119993845 A -(G)- A: distributing share class. A-MINCOME(G): monthly gross income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. Distribution amount not guaranteed. A A -(G): A -H(G)() () Calendar Year Performance (%) A-USD A - 8.0 3.7-6.3 5.0 30.9 A-MINCOME(G)-USD A -(G)- - 3.6-6.3 5.0 30.9 A-HMDIST(G)-AUD (H) A -H(G)-() - - -1.6 5.5 24.2 A-MINCOME(G)-HKD A -(G)- - - -5.9 5.1 31.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-USD A - - - - A-MINCOME(G)-USD A -(G)- 0.0230 2.31 01.05.18 A-HMDIST(G)-AUD (H) A -H(G)-() 0.0255 2.53 01.05.18 A-MINCOME(G)-HKD A -(G)- 0.0232 2.30 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^]- www.fidelity.com.hk Semi-annual report Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
51297_May18.pdf Morningstar Rating Fidelity s Asia Pacific Opportunities This fund invests primarily in Asia Pacific (excluding Japan) equity securities. This fund may be subject to investment, equities, holdings concentration, foreign currency and RMB currency risk, and the risks of investing in emerging markets specific to the Asia Pacific ex Japan market. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). () "QFII"A A A ( ) () Equity Details Manager Anthony Srom Reference Currency USD Size EUR113m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 31 Fidelity Code 1162 Performance (rebased to 100) (100) Investment Objective The fund aims to provide long-term capital growth from a portfolio primarily comprised of securities of companies having their head office or exercising a material part of their activity in countries of the Asia Pacific (excluding Japan) region. The fund will invest in a mixture of larger, medium and smaller sized companies. The fund may invest its net assets directly in China A and B Shares. The fund will invest in a limited number of securities, resulting in a reasonably concentrated portfolio. The fund may also invest in UCITS or UCIs. () AB UCITS UCI Cumulative Performance (%) 3 6 A-ACC-EUR A -- 3.7 6.8 7.4 13.5 35.6 77.1 104.2 2.4 2.3 4.8 11.7 15.2 55.6 99.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-ACC-EUR A -- MSCI AC Asia Pacific ex-japan (Net) ()() Top 10 Positions (%) Company KWEICHOW MOUTAI CO LTD HDFC BANK LTD AIA GROUP LTD TAIWAN SEMICONDUCTR MFG CO LTD CHINA PETROLEUM & CHEM CORP FRANCO NEVADA CORP SUN HUNG KAI PROPERTIES LTD CHARTER HALL GROUP MIDEA GROUP CO LTD BANK RAKYAT INDONESIA TBK PT Sector Consumer Staples 9.2 0.0 8.4 0.0 7.4 1.9 7.4 3.2 Energy 4.6 0.4 Materials 4.5 0.0 Real Estate 4.4 0.4 Real Estate 3.4 0.0 Consumer Discretionary 3.3 0.0 3.2 0.2 Geographical Exposure (%) Country China 24.8 29.3 Hong Kong 14.2 9.5 Taiwan 12.4 10.8 India 12.2 7.8 Australia 8.6 17.3 Korea (South) 5.6 14.2 Indonesia 5.2 1.8 Canada 4.5 0.0 New Zealand 2.2 0.5 Philippines 0.4 0.9 Other Countries 0.0 7.9 Cash* 9.9 Sector Exposure (%) Sector 18.9 25.9 Consumer Staples 15.9 5.3 12.8 26.6 Consumer Discretionary 11.6 7.8 Energy 9.4 4.8 Real Estate 7.8 6.1 Materials 7.6 7.0 Utilities 5.1 2.9 Industrials 1.1 6.4 Health Care 0.0 4.0 Telecommunication Services 0.0 3.3 Cash* 9.9 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
51297_May18.pdf Fidelity s Asia Pacific Opportunities Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.37 - Beta (3 years) (3 ) 0.87 - Sharpe Ratio (3 years) (3 ) 0.82 - Price / earnings ratio (x) 19.6 14.2 Price / book ratio (x) 1.7 1.7 Active Money (%) 92.6 - Market : MSCI AC Asia Pacific ex-japan (Net) ()() is for comparative purpose only. A-ACC-EUR A -- 18.02.08 20.42 FFAGRRA LX LU0345361124 A-ACC: accumulating share class. A - Calendar Year Performance (%) A-ACC-EUR A -- -1.5 16.3 12.0 12.2 23.3-1.1 17.1 1.0 9.9 20.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
42098_May18.pdf Morningstar Rating Fidelity s Asia Pacific Property This fund invests primarily in equity securities in the real estate industry and other real estate related investments in the Asia Pacific region, including Australia, Japan and New Zealand. The fund is subject to investment, equities, holdings concentration and foreign currency risk. The fund s investments in real estate securities are subject to substantially the same risks as direct investments in real estate. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ), ( ) (), Equity Details Manager Akihiko Murai Reference Currency USD Size US$12m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 57 Fidelity Code 1108 Performance (rebased to 100) (100) Investment Objective The fund aims to achieve a combination of income and long- term capital growth primarily from investments in securities of companies principally engaged in the real estate industry and other real estate related investments in the Asia Pacific region, including Australia, Japan and New Zealand. ( ) Cumulative Performance (%) 3 6 A-USD A - 3.5 0.5 7.6 13.4 19.3 19.3 22.0 2.6 2.0 4.4 9.2 16.2 24.0 45.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - Global Property Research (GPR) General Asia Net Capped 10% GPR(10%) Top 10 Positions (%) Company Sector HYSAN DEVELOPMENT LTD Offices 6.3 1.0 AEON MALL CO LTD Retail 5.6 0.7 TATERU INC 5.5 0.0 WHARF REAL ESTATE INVESTMENT CO LTD LINK REAL ESTATE INVEST TR NOMURA REAL ESTA MSTR FD INC TOKYO TATEMONO CO LTD UNIBAIL-RODAMCO- WESTFIELD STAPLED HONGKONG LAND LTD AEON REIT INVT CORP Diversified 5.0 3.8 Residential 4.5 3.1 Diversified 4.4 1.0 Diversified 4.4 0.5 Retail 3.1 0.0 Offices 3.1 2.8 Offices 2.8 0.3 Geographical Exposure (%) Country Japan 34.1 37.0 Hong Kong 27.8 30.2 Australia 11.8 14.3 Singapore 10.1 13.4 Philippines 3.2 0.0 Netherlands 3.1 0.0 China 2.3 1.3 Malaysia 2.1 1.7 New Zealand 0.7 1.1 Thailand 0.0 0.4 Other Countries 0.0 0.7 Cash* 4.7 Sector Exposure (%) Sector Diversified 28.7 34.0 Offices 26.5 25.2 Retail 21.7 12.8 Residential 6.0 11.9 Industrial 1.9 8.7 Hotels 0.9 1.4 Cash* 4.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /* The fund is authorized by the Securities and Futures commission (SFC) in Hong Kong under the SFC Code on Unit Trusts and Mutual s and not under the SFC Code on Real Estate Investment Trusts. Such authorization does not imply official approval or recommendation by the SFC. The underlying REITs may not necessarily be authorized by the SFC; and the dividend policy/payout policy of the fund is not representative of the dividend policy/payout policy of the underlying REITs. ( ) //
42098_May18.pdf Fidelity s Asia Pacific Property Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.54 11.34 Beta (3 years) (3 ) 0.97 - Sharpe Ratio (3 years) (3 ) 0.47 0.40 Price / earnings ratio (x) 10.2 9.4 Price / book ratio (x) 0.9 0.9 Active Money (%) 64.0 - Market : Global Property Research (GPR) General Asia Net Capped 10% GPR(10%) Prior to 31 Aug 08, GPR General Asia Daily Net. 2008 8 31 GPR is for comparative purpose only. A-USD A - 05.02.07 10.69 FAPPAUI LX LU0270844359 A: distributing share class. A Calendar Year Performance (%) A-USD A - 0.5 0.6-8.0 5.3 24.9 2.8 2.7-4.4 5.7 18.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-USD A - 0.0581 2.21 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^]- www.fidelity.com.hk Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
54031_May18.pdf Fidelity s Asian Smaller Companies This fund invests primarily in smaller companies equity securities in Asia Pacific (excluding Japan). The fund is subject to investment, equities, foreign currency risk and risks of investing in emerging market specific to the Asia Pacific ex Japan market. The fund invests in small and medium sized companies which may subject to more abrupt fluctuations in market price than larger companies. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2015, Equity Asia Pacific Small and Mid Caps - 3 years# 2015-3 Morningstar Rating () () () Equity Details Manager Nitin Bajaj Reference Currency USD Size US$856m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 146 Fidelity Code 1333 Performance (rebased to 100) (100) A-USD A - MSCI AC Asia Pacific ex-japan Small Cap (Net) (Australia capped at 10%) () ()( 10%) Top 10 Positions (%) Company WPG HOLDING CO LTD POWER GRID CORP OF INDIA LTD LT GROUP INC BOC AVIATION LTD TAIWAN SEMICONDUCTR MFG CO LTD LIC HOUSING FINANCE LTD HOUSING DEV FINANCE CORP LTD CHINA MOBILE LTD BANK RAKYAT INDONESIA TBK PT COGNIZANT TECH SOLUTIONS CORP Sector 3.7 0.0 Utilities 3.4 0.0 Industrials 2.4 0.0 Industrials 2.4 0.0 2.3 0.0 2.0 0.0 1.9 0.0 Telecommunication Services 1.9 0.0 1.7 0.0 1.7 0.0 Investment Objective The fund aims to achieve long-term capital growth by investing primarily in a diversified portfolio of smaller companies that have their head office or exercise a predominant part of their activities in Asia Pacific (excluding Japan). (Please refer to the offering document for the details of Portfolio Information) ( () )( ) Cumulative Performance (%) 3 6 A-USD A - 0.8 0.4 1.9 9.0 23.9 63.3 127.5 A-ACC-USD A -- 0.8 0.4 1.9 9.0 24.0 63.3 127.7 A-ACC-EUR A -- 3.8 5.1 3.9 4.9 16.5 81.3 161.2-0.2-1.0 2.6 16.1 10.8 27.1 59.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 19.1 20.4 India 13.9 12.5 Taiwan 11.5 16.8 Korea (South) 10.5 16.4 Hong Kong 7.6 6.2 Australia 7.1 10.0 Indonesia 6.6 2.1 Philippines 6.5 0.7 Singapore 4.6 4.9 Thailand 2.1 3.3 Other Countries 4.1 6.6 Cash* 6.4 Sector Exposure (%) Sector Consumer Discretionary 18.2 16.9 13.3 17.5 13.1 8.0 Industrials 12.0 13.4 Utilities 7.9 3.2 Health Care 7.8 9.6 Consumer Staples 6.8 5.8 Materials 4.2 10.5 Real Estate 4.0 11.4 Energy 3.4 2.5 Telecommunication Services 3.0 1.2 Cash* 6.4 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
54031_May18.pdf Fidelity s Asian Smaller Companies Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 12.69 14.14 Beta (3 years) (3 ) 0.84 - Sharpe Ratio (3 years) (3 ) 0.54 0.20 Price / earnings ratio (x) 12.1 17.2 Price / book ratio (x) 1.4 1.6 Active Money (%) 96.4 - Market : MSCI AC Asia Pacific ex-japan Small Cap (Net) (Australia capped at 10%) () ()( 10%) is for comparative purpose only. A-USD A - 07.12.11 22.07 FFASCAU LX LU0702159343 A-ACC-USD A -- 07.12.11 22.77 FFASAAU LX LU0702159699 A-ACC-EUR A -- 07.12.11 26.12 FFASAAE LX LU0702159772 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 30.7 13.4-6.5 13.5 21.6 A-ACC-USD A -- 30.8 13.4-6.5 13.6 21.6 A-ACC-EUR A -- 25.2 29.0 4.2 16.7 6.7 5.5 1.6-3.5-0.2 33.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44019_May18.pdf Morningstar Rating Fidelity s Asian Special Situations This fund invests primarily in special situations stocks and smaller growth companies in Asia, excluding Japan. This fund may be subject to investment, the risks of investing in emerging markets specific to the Asian ex Japan market, foreign currency and RMB currency risk. The fund may invest in small and medium sized companies which may subject to more abrupt fluctuations in market price than larger companies. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). () (), "QFII" AA A ( ) (), Equity Details Manager Suranjan Mukherjee Reference Currency USD Size US$3,047m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 86 Fidelity Code 1051 Performance (rebased to 100) (100) A-USD A - MSCI AC Asia ex-japan (Net) ()() Top 10 Positions (%) Company TENCENT HLDGS LTD TAIWAN SEMICONDUCTR MFG CO LTD ALIBABA GROUP HOLDING LTD AIA GROUP LTD SAMSUNG ELECTRONICS CO LTD UNITED OVERSEAS BANK LTD CHINA MOBILE LTD HDFC BANK LTD E SUN FINL HLDGS CO LTD CHINA PETROLEUM & CHEM CORP Sector 7.0 6.2 6.0 3.9 4.8 4.9 3.9 2.4 3.5 5.5 2.6 0.6 Telecommunication Services 2.2 1.2 2.1 0.0 2.1 0.1 Energy 2.0 0.5 Investment Objective The fund invests principally in special situations stocks and smaller growth companies in Asia, excluding Japan. Special situations stocks generally have valuations which are attractive in relation to net assets or earnings potential with additional factors which may have a positive influence on the share price. Up to 25% of the portfolio can consist of investments other than special situations stocks and smaller growth companies. The fund may invest its net assets directly in China A and B Shares. () 25% AB Cumulative Performance (%) 3 6 A-USD A - -0.6-2.9 1.6 15.7 29.7 57.3 446.8 A-ACC-USD A -- -0.6-2.9 1.6 15.7 29.7 57.3 178.8 A-ACC-EUR A -- 2.4 1.6 3.6 11.4 22.0 74.8 288.4 0.0-2.1 2.7 17.3 24.0 46.0 193.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 31.5 36.1 Korea (South) 14.8 17.3 Taiwan 13.8 13.1 India 12.1 9.5 Hong Kong 7.9 10.8 Singapore 4.5 4.4 Indonesia 3.2 2.2 Malaysia 2.7 2.7 Thailand 2.7 2.7 Philippines 1.3 1.1 Other Countries 0.7 0.1 Cash* 4.9 Sector Exposure (%) Sector 29.1 32.1 27.0 23.4 Consumer Discretionary 8.7 8.8 Consumer Staples 7.9 4.8 Energy 5.6 4.6 Industrials 5.0 6.5 Telecommunication Services 3.8 3.7 Health Care 3.3 2.8 Real Estate 2.3 5.8 Utilities 2.3 3.0 Materials 2.0 4.5 Cash* 4.9 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44019_May18.pdf Fidelity s Asian Special Situations Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.65 15.41 Beta (3 years) (3 ) 0.93 - Sharpe Ratio (3 years) (3 ) 0.58 0.44 Price / earnings ratio (x) 16.3 13.7 Price / book ratio (x) 1.9 1.7 Active Money (%) 67.1 - Market : MSCI AC Asia ex-japan (Net) ()() The index prior to 31 Jan 01 was gross returns and net returns thereafter. 2001 1 31 is for comparative purpose only. A-USD A - 03.10.94 52.87 FIDASSI LX LU0054237671 A-ACC-USD A -- 25.09.06 27.88 FIDASAA LX LU0261950983 A-ACC-EUR A -- 23.02.09 38.84 FIDASSA LX LU0413542167 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 7.4 6.3-4.8 6.9 41.6 A-ACC-USD A -- 7.4 6.3-4.8 6.9 41.6 A-ACC-EUR A -- 2.8 21.1 6.0 10.0 24.1 3.8 3.7-9.2 5.4 41.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44013_May18.pdf Morningstar Rating Fidelity s Australia This fund invests primarily in Australian equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Australia and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) (), Equity Details Manager Anita Costa Reference Currency AUD Size AU$518m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 41 Fidelity Code 1018 Performance (rebased to 100) (100) Investment Objective The fund invests principally in Australian equity securities. Cumulative Performance (%) 3 6 A-AUD A - 2.5 3.1 4.0 10.3 16.2 40.5 786.6 A-ACC-AUD A -- 2.5 3.1 4.0 10.2 16.2 40.5 88.3 1.0 1.1 2.8 9.6 18.9 52.2 1028.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-AUD A - S&P ASX 200 200 Top 10 Positions (%) Company AUSTRALIA & N ZEAL BKG GRP LTD WESTPAC BANKING CORP CSL LTD BHP BILLITON LTD GOODMAN GROUP COMMONWEALTH BANK AUSTRALIA MACQUARIE GROUP LTD ARISTOCRAT LEISURE LTD TREASURY WINE ESTATES LTD COCHLEAR LTD Sector 8.7 4.9 7.5 5.9 Health Care 6.5 5.2 Materials 5.3 6.5 Real Estate 4.9 0.9 4.7 7.5 4.7 2.2 Consumer Discretionary 4.6 1.2 Consumer Staples 3.9 0.7 Health Care 3.8 0.7 Geographical Exposure (%) Country Australia 94.1 96.6 New Zealand 3.9 1.1 USA 0.2 0.8 Netherlands 0.0 0.6 United Kingdom 0.0 0.4 Cash* 1.8 Sector Exposure (%) Sector 27.2 32.7 Materials 16.6 18.8 Consumer Discretionary 13.9 4.8 Health Care 13.0 8.5 Consumer Staples 8.5 7.8 6.7 2.2 Industrials 5.7 7.3 Real Estate 4.9 7.6 Energy 1.9 5.5 Telecommunication Services 0.0 2.5 Utilities 0.0 2.0 Cash* 1.8 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44013_May18.pdf Fidelity s Australia Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 10.98 11.26 Beta (3 years) (3 ) 0.91 - Sharpe Ratio (3 years) (3 ) 0.29 0.35 Price / earnings ratio (x) 19.9 17.2 Price / book ratio (x) 2.5 2.0 Active Money (%) 59.2 - Market : S&P ASX 200 200 Prior to 28 Jun 02, the index was S&P ASX 300. Prior to 31 Mar 00, the Australian All Ordinaries. 2002 6 28 300 2000 3 31 is for comparative purpose only. A-AUD A - 06.12.91 60.48 FIDLAUI LX LU0048574536 A-ACC-AUD A -- 25.09.06 18.83 FFAFAAU LX LU0261950041 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-AUD A - 22.4 3.9 3.9 5.1 10.0 A-ACC-AUD A -- 22.4 3.9 3.9 5.1 10.0 20.2 5.6 2.6 11.8 11.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
53632_May18.pdf Morningstar Rating Fidelity s China Consumer This fund invests primarily in Chinese or Hong Kong consumer companies. The fund is subject to investment, equities, foreign currency, holdings concentration, RMB currency risk and risks of investing in emerging markets specific to the PRC market. The fund s investments are concentrated in Hong Kong and China and the value of the fund may be more volatile. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). "QFII" AA A ( ) () Equity Details Manager Raymond Ma Reference Currency USD Size US$3,092m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 108 Fidelity Code 1269 Performance (rebased to 100) (100) A-USD A - MSCI China (Net) () Top 10 Positions (%) Company TENCENT HLDGS LTD ALIBABA GROUP HOLDING LTD AIA GROUP LTD PING AN INS GROUP CO CHINA LTD CHINA LIFE INSURANCE CO LTD BAIDU INC CHINA MOBILE LTD SANDS CHINA LTD CHINA PAC INS GROUP CO LTD GALAXY ENT GROUP LTD Sector 8.6 17.3 8.1 13.6 4.9 0.0 4.0 3.1 3.5 1.2 3.0 4.0 Telecommunication Services 2.9 3.3 Consumer Discretionary 2.6 0.0 2.3 0.7 Consumer Discretionary 2.2 0.0 Investment Objective The fund aims to achieve long-term capital growth through investing primarily in equity securities of companies having their head office or exercising a predominant part of their activities in China or Hong Kong. These companies are involved in the development, manufacture or sales of goods or services to consumers in China. The fund may invest its net assets directly in China A and B Shares. AB Cumulative Performance (%) 3 6 A-USD A - 3.6-0.3 6.7 29.1 29.2 87.2 114.7 A-ACC-USD A -- 3.6-0.3 6.7 29.1 29.2 87.4 114.9 A-EUR A - 6.7 4.4 8.8 24.4 21.7 108.4 152.8 A-ACC-HKD A -- 4.0 0.0 7.2 30.1 30.7 89.2 99.0 A-ACC-AUD (H) A --() 3.6 0.1 6.4 29.3 30.6-65.2 3.7-1.5 5.6 30.9 22.3 73.7 73.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 75.4 100.0 Hong Kong 17.4 0.0 Taiwan 2.1 0.0 United Kingdom 0.4 0.0 Singapore 0.3 0.0 Cash* 4.4 Sector Exposure (%) Sector 27.4 40.9 Consumer Discretionary 25.7 8.8 16.0 22.2 Consumer Staples 9.9 2.3 Health Care 6.0 3.1 Telecommunication Services 5.0 4.3 Industrials 2.8 3.9 Real Estate 1.9 5.0 Utilities 0.7 2.7 Materials 0.1 1.7 Energy 0.0 5.3 Cash* 4.4 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
53632_May18.pdf Fidelity s China Consumer Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 18.05 20.32 Beta (3 years) (3 ) 0.85 - Sharpe Ratio (3 years) (3 ) 0.46 0.31 Price / earnings ratio (x) 22.9 15.2 Price / book ratio (x) 3.0 2.0 Active Money (%) 59.5 - A-USD A - 23.02.11 21.47 FIDCADU LX LU0594300419 A-ACC-USD A -- 23.02.11 21.49 FIDCAAU LX LU0594300179 A-EUR A - 23.02.11 25.28 FIDCADE LX LU0594300252 A-ACC-HKD A -- 13.04.11 19.90 FIDCCAH LX LU0605514214 A-ACC-AUD (H) A --() 09.04.14 16.52 FCHAUDH LX LU1046420391 A-ACC-EUR A -- 23.02.11 25.21 FIDCAAE LX LU0594300096 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Market : MSCI China (Net) () is for comparative purpose only. Calendar Year Performance (%) A-USD A - 27.5 0.1-3.1 0.3 52.9 A-ACC-USD A -- 27.6 0.1-3.1 0.3 52.9 A-EUR A - 22.0 14.0 8.0 3.2 34.3 A-ACC-HKD A -- 27.6 0.1-3.1 0.2 54.1 A-ACC-AUD (H) A --() - - -1.6 0.4 52.8 3.6 8.0-7.8 0.9 54.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
46497_May18.pdf Fidelity s China Focus This fund invests primarily in Chinese equities securities. The fund is subject to investment, equities, foreign currency, RMB currency risk and risks of investing in emerging markets specific to Hong Kong and the PRC market. The fund s investments are concentrated in Hong Kong and China and the value of the fund may be more volatile. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2017, Equity China - 10 years# 2017-10 Morningstar Rating "QFII" AA A ( ) () Equity Details Manager Jing Ning Reference Currency USD Size US$4,718m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 71 Fidelity Code 1045 Performance (rebased to 100) (100) A-USD A - MSCI China (Net) Capped 10% (10% ) Top 10 Positions (%) Company CHINA CONSTRUCTION BANK TENCENT HLDGS LTD ALIBABA GROUP HOLDING LTD INDUSTRIAL & COML BK CHINA CHINA MOBILE LTD CHINA LIFE INSURANCE CO LTD CNOOC LTD CHINA PETROLEUM & CHEM CORP CHINA OVERSEAS LAND & INV LTD CHINA RES LD LTD Sector 7.2 5.9 6.7 10.0 6.3 9.9 5.6 4.2 Telecommunication Services 5.0 3.8 4.3 1.4 Energy 4.2 2.1 Energy 2.9 1.7 Real Estate 2.9 0.9 Real Estate 2.5 0.7 Investment Objective The fund will primarily focus on China through investment in securities of Chinese companies listed in China and Hong Kong, as well as securities in non-chinese companies which have a significant portion of their activities in China. The fund may invest its net assets directly in China A and B Shares. AB Cumulative Performance (%) 3 6 A-USD A - 4.3-1.0 6.7 25.2 20.3 85.3 692.4 A-ACC-EUR A -- 7.5 3.6 8.9 20.6 13.4 106.1 91.7 A-ACC-HKD A -- 4.7-0.8 7.2 26.0 21.7 87.2 92.1 3.8-1.2 6.0 28.7 18.4 68.9 625.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 93.6 100.0 Hong Kong 1.2 0.0 Cash* 5.3 Sector Exposure (%) Sector 27.0 25.8 16.2 31.3 Energy 10.9 6.2 Consumer Discretionary 10.0 10.2 Industrials 7.0 4.5 Real Estate 5.7 5.8 Materials 5.4 1.9 Telecommunication Services 5.0 4.9 Consumer Staples 4.7 2.7 Health Care 2.1 3.6 Utilities 0.9 3.1 Cash* 5.3 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
46497_May18.pdf Fidelity s China Focus Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 19.56 20.09 Beta (3 years) (3 ) 0.95 - Sharpe Ratio (3 years) (3 ) 0.29 0.26 Price / earnings ratio (x) 11.5 13.8 Price / book ratio (x) 1.3 1.8 Active Money (%) 56.8 - Market : MSCI China (Net) Capped 10% (10% ) Prior to 31 Jan 08, MSCI China (N). 2008 1 31() is for comparative purpose only. A-USD A - 18.08.03 76.60 FIDFDFO LX LU0173614495 A-ACC-EUR A -- 24.09.07 19.17 FFFOCUA LX LU0318931192 A-ACC-HKD A -- 09.02.12 19.21 FFCHFAH LX LU0737861699 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 9.9 11.7-0.9 3.1 41.2 A-ACC-EUR A -- 5.1 27.2 10.3 6.2 24.0 A-ACC-HKD A -- 9.9 11.7-1.0 3.2 42.4 3.7 8.4-8.1 0.5 50.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
52705_May18.pdf Morningstar Rating Fidelity s China Opportunities This fund invests primarily in China or Hong Kong equity securities. The fund is subject to investment, equities, foreign currency risk and the risks of investing in emerging markets specific to Hong Kong and the PRC market. The fund s investments are concentrated in Hong Kong and China and the value of the fund may be more volatile. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility)., ( ) () Equity Details Manager Raymond Ma Reference Currency USD Size US$62m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 94 Fidelity Code 1255 Performance (rebased to 100) (100) Investment Objective The fund aims to achieve long-term capital growth through investing primarily in securities of companies having their head office or exercising a predominant part of their activities in China or Hong Kong. Cumulative Performance (%) 3 6 A-USD A - 6.4 1.9 9.0 30.4 22.7 62.4 64.9 A-ACC-HKD A -- 6.8 2.1 9.5 31.3 24.2 64.2 81.4 3.7-0.5 6.0 26.6 22.5 68.5 83.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI Zhong Hua Capped 10% (Net) ()(10%) Top 10 Positions (%) Company TENCENT HLDGS LTD ALIBABA GROUP HOLDING LTD AIA GROUP LTD INDUSTRIAL & COML BK CHINA CHINA CONSTRUCTION BANK BAIDU INC PING AN INS GROUP CO CHINA LTD CHINA RES LD LTD CNOOC LTD WHARF REAL ESTATE INVESTMENT CO LTD Sector 9.4 10.0 8.5 9.9 6.2 5.2 5.1 2.9 3.2 4.0 2.2 3.2 2.0 2.4 Real Estate 1.8 0.5 Energy 1.8 1.4 Real Estate 1.7 0.4 Geographical Exposure (%) Country China 74.3 74.4 Hong Kong 23.1 25.6 Singapore 0.2 0.0 Cash* 2.4 Sector Exposure (%) Sector 24.7 26.7 23.9 27.8 Consumer Discretionary 13.1 10.4 Real Estate 8.4 10.5 Health Care 5.9 2.4 Industrials 5.8 6.1 Energy 4.8 4.2 Consumer Staples 3.8 2.3 Telecommunication Services 2.6 3.7 Utilities 2.6 4.6 Materials 1.9 1.3 Cash* 2.4 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
52705_May18.pdf Fidelity s China Opportunities Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 17.98 - Beta (3 years) (3 ) 0.96 - Sharpe Ratio (3 years) (3 ) 0.36 - Price / earnings ratio (x) 16.1 13.7 Price / book ratio (x) 1.9 1.7 Active Money (%) 38.6 - Market : MSCI Zhong Hua Capped 10% (Net) ()(10%) is for comparative purpose only. A-USD A - 23.11.09 15.87 FIDCAUS LX LU0455707207 A-ACC-HKD A -- 31.05.10 18.14 FIDCAHK LX LU0502904849 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 8.3 2.6-5.8-0.4 45.9 A-ACC-HKD A -- 8.4 2.6-5.8-0.3 46.9 6.0 7.0-6.3 1.4 48.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
51341_May18.pdf Morningstar Rating Fidelity s Emerging Asia This fund invests primarily in equity securities in less developed countries of Asia. The fund is subject to investment, equities, foreign currency, RMB currency risk and risks of investing in emerging markets specific to the Asian market. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). "QFII" AA A ( ) () Equity Details Manager Teera Chanpongsang Reference Currency USD Size US$1,163m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 77 Fidelity Code 1166 Performance (rebased to 100) (100) A-USD A - 33.33% MSCI China (Net) / 33.33% MSCI India & Pakistan (Net) / 33.33% MSCI Malaysia, Indonesia, Thailand & Philippines (Net) 33.33% () / 33.33% () / 33.33% () Top 10 Positions (%) Company TENCENT HLDGS LTD ALIBABA GROUP HOLDING LTD HDFC BANK LTD HOUSING DEV FINANCE CORP LTD RELIANCE INDUSTRIES LTD INFOSYS LTD CHINA CONSTRUCTION BANK BANK CENTRAL ASIA TBK PT TATA CONSULTANCY SERVICES LTD INDUSTRIAL & COML BK CHINA Sector 7.4 6.0 6.2 4.7 4.7 0.0 4.2 3.1 Energy 3.3 3.0 2.8 2.4 2.8 1.7 2.7 1.2 2.5 1.8 2.2 1.3 Investment Objective The fund aims to generate long- term capital growth through investing principally in securities of companies having their head office or exercising a predominant part of their activity in less developed countries of Asia that are considered as emerging markets according to the MSCI Emerging Markets Asia. The fund may invest its net assets directly in China A and B Shares. ( ) AB Cumulative Performance (%) 3 6 A-USD A - -0.1-2.1 3.1 19.4 28.4 52.2 89.1 A-ACC-USD A -- -0.1-2.2 3.1 19.4 28.4 52.1 89.2 A-ACC-EUR A -- 3.0 2.4 5.2 15.0 21.0 69.4 155.9 A-EUR A - 3.0 2.4 5.2 15.0 20.9 69.3 157.2 A-ACC-HKD A -- 0.4-1.9 3.6 20.2 29.9 53.7 67.2-2.6-4.6 1.5 14.8 16.7 35.7 57.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 38.9 34.4 India 34.8 34.0 Thailand 8.1 9.7 Indonesia 6.1 8.1 Hong Kong 3.0 0.0 Malaysia 2.7 9.7 Vietnam 2.1 0.0 Philippines 1.7 4.0 USA 1.0 0.0 Singapore 0.4 0.0 Cash* 1.2 Sector Exposure (%) Sector 30.6 25.5 21.9 19.7 Consumer Discretionary 12.0 9.4 Consumer Staples 8.1 8.4 Energy 7.7 9.5 Industrials 5.7 6.4 Health Care 3.9 3.8 Materials 3.0 5.6 Real Estate 2.6 3.3 Telecommunication Services 1.7 5.1 Utilities 1.6 3.4 Cash* 1.2 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
51341_May18.pdf Fidelity s Emerging Asia Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.92 14.94 Beta (3 years) (3 ) 0.91 - Sharpe Ratio (3 years) (3 ) 0.58 0.32 Price / earnings ratio (x) 20.1 17.0 Price / book ratio (x) 2.9 2.2 Active Money (%) 54.7 - A-USD A - 21.04.08 18.86 FFEMEAU LX LU0329678170 A-ACC-USD A -- 21.04.08 18.92 FFEMEAC LX LU0329678337 A-ACC-EUR A -- 21.04.08 25.59 FFEMACE LX LU0329678410 A-EUR A - 21.04.08 25.64 FFEMEAE LX LU0329678253 A-ACC-HKD A -- 09.02.12 16.72 FIDEAAH LX LU0737861772 A: distributing share class. A-ACC: accumulating share class. A A - Market : 33.33% MSCI China (Net) / 33.33% MSCI India & Pakistan (Net) / 33.33% MSCI Malaysia, Indonesia, Thailand & Philippines (Net) 33.33% () / 33.33% () / 33.33% ( ) is for comparative purpose only. Calendar Year Performance (%) A-USD A - 0.6 13.9-6.5 3.2 43.4 A-ACC-USD A -- 0.7 13.9-6.4 3.2 43.4 A-ACC-EUR A -- -3.7 29.8 4.3 6.2 25.9 A-EUR A - -3.7 29.7 4.3 6.2 25.8 A-ACC-HKD A -- 0.7 13.8-6.4 3.2 44.5-2.4 12.8-10.9 2.2 40.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
42618_May18.pdf Fidelity s Emerging Europe, Middle East and Africa This fund invests primarily in equity securities in less developed countries in Central, Eastern and Southern Europe (including Russia), Middle East and Africa. The fund is subject to investment, equities, foreign currency risk and the risks of investing in emerging markets specific to the Central, Eastern and Southern Europe (including Russia), the Middle East and Africa market. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) ( ) ( ) () Equity Details Manager Nick Price Greg Konstantinidis Reference Currency USD Size US$606m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 54 Fidelity Code 1155 Performance (rebased to 100) (100) A-USD A - MSCI Emerging EMEA (Net) Capped 5% ()(5%) Top 10 Positions (%) Company SBERBANK RUSSIA NASPERS LTD BARCLAYS AFRICA GROUP LTD DISCOVERY LTD LUKOIL PJSC MAGNITOGORSK IRON & STEEL WORKS PJSC FIRST ABU DHABI BANK ABU DHABI COMMERCIAL BANK GLENCORE PLC EMIRATES NBD PJSC Sector 10.0 5.3 Consumer Discretionary 7.7 4.8 6.3 1.4 6.2 0.7 Energy 4.6 4.3 Materials 4.0 0.3 3.6 0.7 2.9 0.6 Materials 2.4 0.0 2.4 0.0 Investment Objective The fund aims to generate long-term capital growth through investing primarily in securities of companies having their head office or exercising a predominant part of their activity in less developed countries of Central, Eastern and Southern Europe (including Russia), Middle East and Africa including those that are considered as emerging markets according to the MSCI EM Europe, Middle East and Africa. ( ) () Cumulative Performance (%) 3 6 A-USD A - -7.7-15.0-4.8 4.9 5.9 7.5 54.2 A-ACC-USD A -- -7.8-15.1-4.8 4.9 5.8 7.5 54.2 A-ACC-EUR A -- -5.0-11.2-2.9 1.0-0.3 19.6 76.9 A-EUR A - -4.9-11.1-2.8 1.0-0.3 19.6 77.2-8.3-12.4-1.4 4.7 2.2-6.9-0.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Sector Exposure (%) Country Sector South Africa 35.5 40.6 Russia 31.8 27.3 Consumer Discretionary 43.2 17.9 35.2 9.7 United Arab Emirates Materials 9.0 4.9 13.5 11.2 Energy 10.2 17.9 Turkey 6.1 6.3 Consumer Staples 5.7 6.2 Nigeria 4.4 0.0 3.1 0.4 United Kingdom 4.3 0.0 Telecommunication Services 2.9 7.1 Romania 2.2 0.0 Industrials 1.0 3.2 Switzerland 1.4 0.0 Utilities 0.8 1.8 Greece 1.1 2.4 Health Care 0.0 2.4 Israel 0.9 0.0 Real Estate 0.0 4.8 Other Countries 1.7 18.5 Cash* 1.7 Cash* 1.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
42618_May18.pdf Fidelity s Emerging Europe, Middle East and Africa Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 16.73 18.12 Beta (3 years) (3 ) 0.85 - Sharpe Ratio (3 years) (3 ) 0.08 0.01 Price / earnings ratio (x) 12.0 10.9 Price / book ratio (x) 1.9 1.3 Active Money (%) 76.0 - Market : MSCI Emerging EMEA (Net) Capped 5% ()(5%) is for comparative purpose only. A-USD A - 11.06.07 14.58 FIEMEAU LX LU0303821028 A-ACC-USD A -- 11.06.07 15.42 FIEMEAC LX LU0303823156 A-ACC-EUR A -- 11.06.07 17.69 FIEMEUR LX LU0303816705 A-EUR A - 11.06.07 16.73 FIEMEAA LX LU0303816028 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 7.7-8.6-15.6 10.4 26.8 A-ACC-USD A -- 7.7-8.6-15.6 10.3 26.9 A-ACC-EUR A -- 3.1 4.0-5.9 13.5 11.4 A-EUR A - 3.1 4.0-5.9 13.5 11.3-5.2-15.1-20.9 20.8 20.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
29037_May18.pdf Morningstar Rating Fidelity s - Emerging Markets Focus This fund invests primarily in equity securities in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund is subject to investment, equities, foreign currency, holdings concentration, RMB currency risk and risks of investing in emerging markets specific to the Russian and PRC market. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) ( ) () Equity Details Manager Alex Duffy Reference Currency USD Size US$58m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 45 Fidelity Code 1712 Performance (rebased to 100) (100) A-USD A - MSCI Emerging Markets (Net) () Top 10 Positions (%) Company AIA GROUP LTD HDFC BANK LTD TAIWAN SEMICONDUCTR MFG CO LTD BANK CENTRAL ASIA TBK PT HOUSING DEV FINANCE CORP LTD SAMSUNG ELECTRONICS CO LTD NASPERS LTD TECHTRONIC INDUSTRIES CO LTD BAIDU INC AVI LTD Sector 5.7 0.0 5.6 0.0 5.1 3.5 3.9 0.3 3.3 0.8 3.1 4.9 Consumer Discretionary 2.9 2.0 Consumer Discretionary 2.7 0.0 2.7 1.3 Consumer Staples 2.7 0.0 Investment Objective The fund aims to achieve capital growth by investing primarily in the equity securities of, and related instruments providing exposure to, companies that have their head office in, are listed in, or exercise a predominant part of their activity in developing markets including, although not limited to, countries in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in China A and B Shares. The fund invests in a limited number of securities, resulting in a reasonably concentrated portfolio. (( )) AB Cumulative Performance (%) 3 6 A-USD A - -3.3-4.6 1.0 15.2 23.3-27.7 A-EUR A - -0.4-0.1 3.1 11.0 15.7-38.3 A-ACC-USD A -- -3.3-4.6 1.0 15.2 23.2-27.6-2.6-5.8 0.9 14.0 19.7-20.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-USD) from launch date 29.09.14 to the launch year end was -0.4%. 2014 9 29(A -) -0.4% Geographical Exposure (%) Country China 23.0 31.7 India 14.1 8.5 South Africa 10.3 6.5 Hong Kong 9.8 0.0 Taiwan 9.0 11.6 USA 5.8 0.0 Brazil 5.0 6.2 Korea (South) 4.9 15.4 Indonesia 3.9 2.0 Peru 2.4 0.4 Other Countries 9.1 17.6 Cash* 2.7 Sector Exposure (%) Sector 33.0 23.0 20.4 28.7 Consumer Discretionary 17.2 9.4 Consumer Staples 9.7 6.5 Materials 6.5 7.5 Telecommunication Services 3.4 4.4 Industrials 2.8 5.1 Health Care 2.6 2.9 Energy 1.7 7.4 Real Estate 0.0 2.8 Utilities 0.0 2.4 Cash* 2.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
29037_May18.pdf Fidelity s - Emerging Markets Focus Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.03 15.91 Beta (3 years) (3 ) 0.86 - Sharpe Ratio (3 years) (3 ) 0.47 0.35 Price / earnings ratio (x) 16.8 14.0 Price / book ratio (x) 2.8 1.7 Active Money (%) 83.0 - Market : MSCI Emerging Markets (Net) () is for comparative purpose only. A-USD A - 29.09.14 12.75 FEMFCAU LX LU1102505762 A-EUR A - 29.09.14 13.81 FEMFCAE LX LU1102505689 A-ACC-USD A -- 29.09.14 12.76 FEMFAAU LX LU1102505929 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - - - -11.9 7.0 40.6 A-EUR A - - - -1.9 9.8 23.5 A-ACC-USD A -- - - -12.0 7.0 40.7 - - -14.9 11.2 37.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-USD) from launch date 29.09.14 to the launch year end was -0.4%. 2014 9 29(A -) -0.4% Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44016_May18.pdf Fidelity s Emerging Markets This fund invests primarily in equity securities in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund is subject to investment, equities, foreign currency, RMB currency risk and the risks of investing in emerging markets (risks specific to the Russia market). The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2015, Equity Emerging Markets Global - 3 years# 2015-3 Morningstar Rating ( ) "QFII" AA A ( ) () Equity Details Manager Nick Price Reference Currency USD Size US$6,499m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 83 Fidelity Code 1048 Performance (rebased to 100) (100) A-USD A - MSCI Emerging Markets (Net) () Top 10 Positions (%) Company AIA GROUP LTD SBERBANK RUSSIA NASPERS LTD HDFC BANK LTD TAIWAN SEMICONDUCTR MFG CO LTD ALIBABA GROUP HOLDING LTD HOUSING DEV FINANCE CORP LTD SAMSUNG ELECTRONICS CO LTD SK HYNIX INC INNER MONGOLI YILI IND CO LTD Sector 5.9 0.0 5.5 0.7 Consumer Discretionary 5.5 2.0 5.4 0.0 5.2 3.5 4.9 4.3 3.2 0.8 2.9 4.9 2.7 1.0 Consumer Staples 2.4 0.0 Investment Objective The fund invests principally in areas experiencing rapid economic growth including countries in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in China A and B Shares. ( ) AB Cumulative Performance (%) 3 6 A-USD A - -3.5-7.1-0.4 14.7 19.7 33.4 200.4 A-ACC-USD A -- -3.4-7.1-0.4 14.8 19.7 33.4 94.4 A-EUR A - -0.5-2.8 1.7 10.6 12.7 48.4 46.4 A-USD (H) A -() -1.5-4.5 0.3 14.3 - - 23.7-2.6-5.8 0.9 14.0 19.7 24.8 347.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 25.0 31.7 India 10.2 8.5 Hong Kong 9.6 0.0 South Africa 9.5 6.4 Russia 8.4 3.5 Korea (South) 8.1 15.4 Taiwan 7.5 11.6 United Kingdom 4.2 0.1 Brazil 3.4 6.2 Indonesia 2.3 2.0 Other Countries 7.3 14.6 Cash* 4.5 Sector Exposure (%) Sector 34.3 23.0 19.6 28.7 Consumer Discretionary 19.2 9.4 Consumer Staples 6.8 6.5 Materials 6.2 7.5 Energy 3.2 7.4 Industrials 3.1 5.1 Health Care 2.9 2.9 Telecommunication Services 0.2 4.4 Utilities 0.1 2.4 Real Estate 0.0 2.8 Cash* 4.5 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44016_May18.pdf Fidelity s Emerging Markets Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.28 15.91 Beta (3 years) (3 ) 0.83 - Sharpe Ratio (3 years) (3 ) 0.39 0.35 Price / earnings ratio (x) 16.5 14.0 Price / book ratio (x) 2.6 1.7 Active Money (%) 78.8 - Market : MSCI Emerging Markets (Net) () Prior to 29 Dec 00, MSCI EMF EM (G). 2000 12 29()( ) is for comparative purpose only. A-USD A - 18.10.93 29.33 FIDLEMI LX LU0048575426 A-ACC-USD A -- 25.09.06 19.44 FIEMAAU LX LU0261950470 A-EUR A - 23.07.07 14.54 FIDEMFA LX LU0307839646 A-USD (H) A -() 12.09.16 12.37 FFEMAUH LX LU1481012133 A: distributing share class. A-ACC: accumulating share class. A(H): distributing hedged share class. A A -A () () Calendar Year Performance (%) A-USD A - 11.4-1.1-6.9-1.5 42.6 A-ACC-USD A -- 11.4-1.1-6.9-1.5 42.6 A-EUR A - 6.3 12.7 3.8 1.3 25.2 A-USD (H) A -() - - - - 33.2-2.6-2.2-14.9 11.2 37.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44039_May18.pdf Fidelity s Euro Blue Chip This fund invests primarily in blue chip equities in those countries which are members of the Economic Monetary Union (EMU) and primarily denominated in Euro. The fund is subject to investment, equities and foreign currency risk. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Alexandra Hartmann Manager Fred Sykes Karoline Rosenberg Reference Currency EUR Size EUR577m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 40 Fidelity Code 1064 Performance (rebased to 100) (100) A-EUR A - MSCI EMU (Net) () Top 10 Positions (%) Company ROYAL DUTCH SHELL PLC GALP ENERGIA SGPS SA AIRBUS SE SAP SE FRESENIUS MED CRE AG & CO KGAA DEUTSCHE POST AG ASML HOLDING NV SIEMENS AG THYSSENKRUPP AG KONINKLIJKE BAM GROEP NV Sector Energy 3.7 0.0 Energy 3.6 0.2 Industrials 3.6 1.4 3.5 2.3 Health Care 3.5 0.5 Industrials 3.5 0.8 3.5 1.6 Industrials 3.5 2.1 Materials 3.4 0.2 Industrials 3.3 0.0 Investment Objective The fund invests principally in blue chip equities in those countries which are members of the Economic Monetary Union (EMU) and primarily denominated in Euro. Currently, these are the nineteen member countries but if other countries join the EMU in the future then investment in these countries may also be considered for inclusion in the fund. Cumulative Performance (%) 3 6 A-EUR A - -2.0 0.0-2.2-3.7-3.3 32.5 153.3 A-ACC-EUR A -- -2.0-0.1-2.1-3.7-3.3 32.5 51.6 A-ACC-USD (H) A --() -1.2 0.6-1.0-1.4 2.7-24.3 0.5 1.2-0.4 1.6 10.3 53.4 139.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country Germany 27.3 29.5 France 20.0 34.0 Netherlands 15.8 11.0 Italy 11.7 7.2 Spain 10.5 9.1 United Kingdom 3.7 0.0 Portugal 3.6 0.5 Finland 2.5 3.2 Austria 0.6 0.8 Belgium 0.0 3.2 Other Countries 0.0 1.5 Cash* 1.2 Sector Exposure (%) Sector Industrials 24.1 14.9 19.1 18.1 9.6 9.2 Energy 7.8 5.8 Consumer Discretionary 7.1 14.5 Health Care 6.4 7.9 Consumer Staples 6.0 10.0 Materials 5.9 9.0 Telecommunication Services 5.0 3.6 Real Estate 2.7 2.0 Utilities 2.0 5.0 Cash* 1.2 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44039_May18.pdf Fidelity s Euro Blue Chip Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.94 - Beta (3 years) (3 ) 0.83 - Sharpe Ratio (3 years) (3 ) -0.07 - Price / earnings ratio (x) 16.3 15.3 Price / book ratio (x) 1.9 1.7 Active Money (%) 77.5 - Market : MSCI EMU (Net) () is for comparative purpose only. A-EUR A - 30.09.98 22.55 FIDFEBI LX LU0088814487 A-ACC-EUR A -- 03.07.06 15.16 FIDEBCA LX LU0251128657 A-ACC-USD (H) A --() 10.01.14 12.43 FFEBAUH LX LU0997586432 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-EUR A - 21.1 4.1 12.4-4.8 10.1 A-ACC-EUR A -- 21.0 4.1 12.3-4.8 10.2 A-ACC-USD (H) A --() - - 11.2-2.4 12.8 23.4 4.3 9.8 4.4 12.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44037_May18.pdf Fidelity s EURO STOXX 50 50 This fund aims to track the performance of the EURO STOXX 50 (before fees and expenses). The fund is subject to investment, passive investment, equities and foreign currency risk. The fund is subject to tracking error risk. This risk may be heightened during times of increased market volatility and other unusual market conditions. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). EURO STOXX 50 ( ) (), Equity Details Reference Currency EUR Size EUR205m () Max. Sales Charge 5.25% Annual Management Fee 0.20% Min. Subscription 2,500 Total No. of Positions 51 Fidelity Code 1065 Performance (rebased to 100) (100) Investment Objective The fund aims to track the performance of the EURO STOXX 50 (before fees and expenses) thereby seeking to achieve long term capital growth. The fund uses an index tracking (also known as passive ) investment management approach whereby it aims to replicate the composition of the index. However, for reasons such as liquidity or excessive cost, it may not always be practical for the fund to invest in every company share in the index or at its weighting within the index. In order to manage the cash position, the fund may invest in collective investment schemes (such as liquidity funds), including those managed by FIL Group, in addition to money market instruments, cash and deposits. As well as investing directly in company shares, the fund will also achieve exposure indirectly through the use of derivatives for efficient portfolio management purposes, for example, at the time of cash inflows to remain fully invested or to reduce transaction costs. EURO STOXX 50 Cumulative Performance (%) 3 6 A-EUR A - -0.5 1.2-2.1-1.1 4.1 41.8 81.3 A-ACC-EUR A -- -0.5 1.2-2.2-1.2 4.1 41.8 27.4-0.8 0.9-2.5-1.5 3.5 40.8 91.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - EURO STOXX 50 (Net) EURO STOXX 50 () Top 10 Stocks (%) Company TOTAL SA SAP SE SIEMENS AG BAYER AG LVMH MOET HENNESSY SE ALLIANZ SE BASF SE SANOFI UNILEVER NV BANCO SANTANDER SA Sector Energy 5.7 4.5 Industrials 4.1 Health Care 3.6 Consumer Discretionary 3.4 3.3 Materials 3.3 Health Care 3.2 Consumer Staples 3.2 3.2 Geographic Breakdown (%) Country France 37.9 Germany 32.5 Spain 9.1 Netherlands 7.6 Italy 4.8 United Kingdom 4.3 Belgium 2.5 Finland 1.2 Sector Breakdown (%) Sector The three tables above display index data instead of the instruments used to replicate the index. 19.5 Industrials 14.1 Consumer Discretionary 12.3 Consumer Staples 10.7 Health Care 10.5 8.8 Energy 7.3 Materials 6.4 Utilities 5.0 Telecommunication Services 4.6 Real Estate 0.8
44037_May18.pdf Fidelity s EURO STOXX 50 50 Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 15.25 15.25 Sharpe Ratio (3 years) (3 ) 0.11 0.09 A-EUR A - 08.10.96 10.81 FIDDAXI LX LU0069450319 A-ACC-EUR A -- 25.09.06 12.74 FFESAAE LX LU0261952682 A: distributing share class. A-ACC: accumulating share class. A A - Market : EURO STOXX 50 (Net) EURO STOXX 50 () It is a registered trademark of STOXX Limited and has been licensed for certain purposes by Fidelity s. All performance shown in legacy currency until 31.12.98 and in Euro thereafter. Prior to 22 Aug 10 was Dow Jones EURO STOXX 50SM. STOXX LIMITED 1998 12 31 2010 8 22 50SM is for comparative purpose only. Calendar Year Performance (%) A-EUR A - 20.9 4.4 5.9 4.3 9.5 A-ACC-EUR A -- 20.9 4.5 5.9 4.3 9.5 21.5 4.0 6.4 3.7 9.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
53308_May18.pdf Morningstar Rating Fidelity s European Dividend This fund invests primarily in income producing equity securities in Europe. The fund is subject to investment, equities and foreign currency risk. Although the fund will generally invest in income-producing securities, it is not guaranteed that all underlying investments will generate income and higher yields generally mean that there will be reduced potential for capital appreciation for equity securities. The fund s performance will be closely tied to the conditions in the European Economic Area, and this may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. ( ) 1) 2) C (), Equity Details Manager Fred Sykes Reference Currency EUR Size EUR300m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 76 Fidelity Code 1329 Performance (rebased to 100) (100) A-EUR A - MSCI Europe (Net) () Top 10 Positions (%) Company ROYAL DUTCH SHELL PLC FERROVIAL SA UNILEVER NV SANOFI INDUSTRIA DE DISENO TXTL IN SA HANNOVER REINS CORP TOTAL SA MUNICH RE GROUP ATLANTIA SPA DIAGEO PLC Sector Energy 4.1 3.2 Industrials 3.1 0.1 Consumer Staples 3.1 1.0 Health Care 3.1 1.0 Consumer Discretionary 2.9 0.4 2.6 0.1 Energy 2.6 1.6 2.5 0.3 Industrials 2.2 0.1 Consumer Staples 2.2 1.0 Investment Objective The fund aims to achieve income and long-term capital growth principally through investments in income producing equity securities of companies that have their head office or exercise a predominant part of their activity in Europe. The Investment Manager will target investments which it believes offer attractive dividend yields in addition to price appreciation. Cumulative Performance (%) 3 6 A-EUR A - -1.8 1.9-1.8-3.8-0.5 31.5 62.6 A-MINCOME(G)-EUR A -(G)- -1.8 1.9-1.8-3.9-0.5 31.5 46.3 A-MINCOME(G)-USD (H) A -(G)-() -1.1 2.5-0.6-0.3 11.2-29.9 A-HMDIST(G)-AUD (H) A -H(G)-() -1.3 2.3-0.8-0.2 13.4-31.8 0.2 2.6 1.0 1.0 3.7 43.8 74.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country United Kingdom 24.7 28.7 Germany 17.3 15.2 France 11.6 17.5 Netherlands 8.6 5.7 Spain 7.9 4.7 Switzerland 7.3 11.9 Finland 4.5 1.7 Denmark 4.4 2.7 Italy 3.8 3.7 Sweden 2.1 4.1 Other Countries 2.9 4.2 Cash* 5.1 Sector Exposure (%) Sector 25.0 19.5 Industrials 16.1 13.2 Health Care 13.1 12.2 Consumer Staples 12.5 13.2 Energy 12.2 8.3 Utilities 4.8 3.6 Consumer Discretionary 4.4 11.0 Materials 3.5 8.7 Real Estate 1.5 1.5 1.0 5.4 Telecommunication Services 0.8 3.4 Cash* 5.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
53308_May18.pdf Fidelity s European Dividend Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.11 - Beta (3 years) (3 ) 0.85 - Sharpe Ratio (3 years) (3 ) 0.01 - Price / earnings ratio (x) 15.8 16.7 Price / book ratio (x) 2.3 1.8 Active Money (%) 67.4 - A-EUR A - 02.11.10 14.40 FIDEDAI LX LU0353647653 A-MINCOME(G)-EUR A -(G)- A-MINCOME(G)-USD (H) A -(G)-() A-HMDIST(G)-AUD (H) A -H(G)-() 03.12.12 12.30 FIDAMIE LX LU0857700040 10.01.14 11.26 FFEDAGU LX LU0997587240 09.04.14 10.46 FEAHMGH LX LU1046420805 A-ACC-EUR A -- 02.11.10 16.19 FIDEDAA LX LU0353647737 A-MINCOME(G)-HKD (H) A -(G)-() 16.10.14 11.54 FEDAMGH LX LU1119994140 A-MCDIST(G)-EUR A -C(G)- 22.11.16 10.29 FFEDAGE LX LU1509826779 A: distributing share class. A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A- MINCOME(G)(H): monthly gross income hedged share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. A-MCDIST(G): monthly gross income and capital distributing share class. Distribution amount not guaranteed. A A -A -(G): A (G)( ): () A -H(G)() () A -C(G) Market : MSCI Europe (Net) () is for comparative purpose only. Calendar Year Performance (%) A-EUR A - 17.0 8.9 8.9 1.0 6.5 A-MINCOME(G)-EUR A -(G)- 16.9 8.9 8.8 1.0 6.5 A-MINCOME(G)-USD (H) A -(G)-() - - 4.0 6.4 11.2 A-HMDIST(G)-AUD (H) A -H(G)-() - - 5.5 6.8 12.1 19.8 6.8 8.2 2.6 10.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date Semi-annual report Product Key Facts A-EUR A - - - - A-MINCOME(G)-EUR A -(G)- 0.0399 3.99 01.05.18 A-MINCOME(G)-USD (H) 0.0352 3.82 01.05.18 A -(G)-() A-HMDIST(G)-AUD (H) A -H(G)-() 0.0550 6.50 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^]- www.fidelity.com.hk For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
91210_May18.pdf Morningstar Rating Fidelity s European Dynamic Growth This fund invests primarily in European equity securities. The fund is subject to investment, equities and foreign currency risk. The fund invests in small and medium sized companies which may subject to more abrupt fluctuations in market price than larger companies. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility)., ( ) () Equity Details Manager Fabio Riccelli Reference Currency EUR Size EUR1,630m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 50 Fidelity Code 1044 Performance (rebased to 100) (100) A-EUR A - MSCI Europe (Net) () Top 10 Positions (%) Company EXPERIAN PLC SAP SE L'OREAL SA NOVO-NORDISK AS COLOPLAST AS WORLDPAY INC GRIFOLS SA BRITISH AMERICAN TOBACCO PLC AMADEUS IT GROUP SA SHIRE PLC Sector Industrials 6.0 0.2 4.9 1.2 Consumer Staples 4.1 0.7 Health Care 3.5 1.0 Health Care 3.3 0.1 3.3 0.0 Health Care 3.1 0.1 Consumer Staples 2.9 1.3 2.8 0.4 Health Care 2.8 0.5 Investment Objective The fund aims to achieve long-term capital growth, principally through investment in an actively managed portfolio of companies that have their head office or exercise a predominant part of their activity in Europe. The fund will typically have a bias towards medium sized companies with a market capitalisation of between 1 and 10 billion Euros. 10100 Cumulative Performance (%) 3 6 A-EUR A - 5.7 7.6 6.4 5.9 21.6 69.0 191.3 A-ACC-EUR A -- 5.7 7.6 6.5 5.9 21.7 69.0 137.5 A-ACC-USD (H) A --() 6.0 7.7 7.4 8.6 33.8-61.4 0.2 2.6 1.0 1.0 3.7 43.8 136.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country United Kingdom 39.1 25.1 France 18.4 17.3 Germany 11.6 15.2 Switzerland 7.6 11.9 Spain 6.9 4.7 Denmark 6.7 2.7 USA 3.3 0.1 Sweden 2.7 4.1 Netherlands 2.3 7.9 Portugal 0.0 0.2 Other Countries 0.0 10.8 Cash* 1.5 Sector Exposure (%) Sector 27.8 5.4 Industrials 26.6 13.2 Health Care 19.0 12.2 Consumer Staples 11.1 13.2 6.1 19.5 Consumer Discretionary 5.8 11.0 Materials 2.2 8.7 Telecommunication Services 0.0 3.4 Utilities 0.0 3.6 Real Estate 0.0 1.5 Energy 0.0 8.3 Cash* 1.5 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
91210_May18.pdf Fidelity s European Dynamic Growth Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 12.58 12.41 Beta (3 years) (3 ) 0.91 - Sharpe Ratio (3 years) (3 ) 0.56 0.12 Price / earnings ratio (x) 25.1 16.7 Price / book ratio (x) 4.6 1.8 Active Money (%) 88.6 - Market : MSCI Europe (Net) () Prior to 29 Jun 07, Dow Jones STOXX (TMI) Mid Europe (Net Return). 2007 6 29STOXX (TMI)( ) is for comparative purpose only. A-EUR A - 15.01.01 57.19 FIDEMCF LX LU0119124781 A-ACC-EUR A -- 25.09.06 23.75 FFEMAAE LX LU0261959422 A-ACC-USD (H) A --() 10.01.14 16.14 FFEDAUH LX LU0997586515 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-EUR A - 18.2 4.9 24.4-0.8 15.1 A-ACC-EUR A -- 18.3 4.9 24.3-0.8 15.1 A-ACC-USD (H) A --() - - 19.6 4.6 19.3 19.8 6.8 8.2 2.6 10.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44028_May18.pdf Morningstar Rating Fidelity s European Growth This fund invests primarily in European equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Matthew Siddle Reference Currency EUR Size EUR7,426m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 63 Fidelity Code 1019 Performance (rebased to 100) (100) A-EUR A - FTSE World Europe Top 10 Positions (%) Company SAP SE ROYAL DUTCH SHELL PLC SIEMENS AG PUBLICIS GROUPE SA WOLTERS KLUWER NV FRESENIUS MED CRE AG & CO KGAA ROCHE HOLDING LTD PRUDENTIAL PLC DNB ASA BP PLC Sector Technology 5.3 1.1 Oil & Gas 4.9 3.1 Industrials 3.8 1.0 Consumer Services 3.7 0.2 Consumer Services 3.7 0.2 Health Care 3.6 0.2 Health Care 3.3 1.6 3.2 0.7 3.2 0.2 Oil & Gas 3.1 1.6 Investment Objective The fund invests principally in equity securities quoted on European stock exchanges. Cumulative Performance (%) 3 6 A-EUR A - 2.7 6.6 3.3 1.1 5.4 47.3 1170.9 A-ACC-EUR A -- 2.7 6.6 3.3 1.1 5.4 47.3 32.3 A-ACC-USD (H) A --() 2.6 6.6 3.9 3.5 16.9-40.1 0.4 2.8 1.4 1.6 5.9 47.7 900.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country United Kingdom 39.7 25.0 Germany 19.1 14.9 France 14.4 16.2 Netherlands 9.8 7.2 Spain 5.2 4.8 Switzerland 4.4 11.9 Norway 3.2 1.1 Ireland 0.8 0.6 Italy 0.6 4.0 Sweden 0.5 4.1 Other Countries 0.5 10.2 Cash* 1.4 Sector Exposure (%) Sector Health Care 17.6 12.2 17.3 21.5 Consumer Services 17.0 6.6 Consumer Goods 12.0 18.4 Oil & Gas 10.7 8.2 Technology 9.2 4.6 Industrials 9.1 14.0 Utilities 2.8 3.8 Basic Materials 2.3 7.4 Telecommunications 0.0 3.3 Cash* 1.4 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44028_May18.pdf Fidelity s European Growth Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.05 - Beta (3 years) (3 ) 1.03 - Sharpe Ratio (3 years) (3 ) 0.16 - Price / earnings ratio (x) 18.5 16.6 Price / book ratio (x) 2.1 1.8 Active Money (%) 76.3 - Market : FTSE World Europe Prior to 29 Feb 00, FTSE World Europe ex-uk. 2000 2 29 () is for comparative purpose only. A-EUR A - 01.10.90 15.77 FIDLEUI LX LU0048578792 A-ACC-EUR A -- 02.05.07 13.23 FIDFEUA LX LU0296857971 A-ACC-USD (H) A --() 10.01.14 14.01 FFEGAUH LX LU0997586606 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-EUR A - 19.5 8.2 8.7 6.4 6.9 A-ACC-EUR A -- 19.5 8.1 8.7 6.4 6.9 A-ACC-USD (H) A --() - - 4.8 12.4 10.8 20.0 7.5 8.8 3.2 11.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
45413_May18.pdf Morningstar Rating Fidelity s European Larger Companies This fund invests primarily in equity securities of larger European companies. The fund is subject to investment, equities and foreign currency risk. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Matthew Siddle Reference Currency EUR Size EUR1,186m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 63 Fidelity Code 1054 Performance (rebased to 100) (100) Investment Objective The fund aims to achieve long-term growth, primarily through investments in equity securities of larger European Companies. Cumulative Performance (%) 3 6 A-EUR A - 2.7 6.6 3.3 1.1 5.0 46.2 190.2 A-ACC-EUR A -- 2.7 6.6 3.3 1.1 5.0 46.2 70.6 0.2 2.6 1.0 1.0 3.7 43.8 165.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - MSCI Europe (Net) () Top 10 Positions (%) Company SAP SE ROYAL DUTCH SHELL PLC SIEMENS AG PUBLICIS GROUPE SA WOLTERS KLUWER NV FRESENIUS MED CRE AG & CO KGAA ROCHE HOLDING LTD PRUDENTIAL PLC DNB ASA AXA SA Sector 5.3 1.2 Energy 4.8 3.2 Industrials 3.8 1.1 Consumer Discretionary 3.7 0.2 Industrials 3.7 0.2 Health Care 3.6 0.2 Health Care 3.3 1.7 3.2 0.7 3.2 0.2 3.1 0.5 Geographical Exposure (%) Country United Kingdom 39.4 28.7 Germany 19.1 15.2 France 14.4 17.5 Netherlands 9.8 5.7 Spain 5.2 4.7 Switzerland 4.4 11.9 Norway 3.2 1.1 Ireland 0.8 0.8 Italy 0.6 3.7 Sweden 0.5 4.1 Other Countries 0.5 6.7 Cash* 2.2 Sector Exposure (%) Sector Health Care 17.6 12.2 17.2 19.5 Industrials 15.2 13.2 Consumer Staples 11.3 13.2 Energy 11.3 8.3 10.8 5.4 Consumer Discretionary 9.9 11.0 Materials 2.3 8.7 Utilities 2.1 3.6 Real Estate 0.0 1.5 Telecommunication Services 0.0 3.4 Cash* 2.2 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
45413_May18.pdf Fidelity s European Larger Companies Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.01 - Beta (3 years) (3 ) 1.02 - Sharpe Ratio (3 years) (3 ) 0.15 - Price / earnings ratio (x) 18.5 16.7 Price / book ratio (x) 2.1 1.8 Active Money (%) 75.1 - Market : MSCI Europe (Net) () is for comparative purpose only. A-EUR A - 16.09.02 49.49 FIDEULC LX LU0119124278 A-ACC-EUR A -- 03.07.06 17.06 FIDELCA LX LU0251129549 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-EUR A - 19.5 8.1 8.5 6.2 6.6 A-ACC-EUR A -- 19.6 8.1 8.4 6.2 6.6 19.8 6.8 8.2 2.6 10.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44035_May18.pdf Morningstar Rating Fidelity s European Smaller Companies This fund invests primarily in equity securities of small and medium-sized European companies. The fund is subject to investment, equities and foreign currency risk. The fund invests in small and medium sized companies which may subject to more abrupt fluctuations in market price than larger companies. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility)., ( ) () Equity Details Manager Colin Stone Jim Maun Reference Currency EUR Size EUR1,092m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 202 Fidelity Code 1057 Performance (rebased to 100) (100) A-EUR A - EMIX Smaller European Companies (Gross) EMIX () Top 10 Positions (%) Company GVC HOLDINGS PLC AROUNDTOWN SA db x-trackers Euro Stoxx 50 UCITS ETF (DR) 1C BASIC-FIT NV 4IMPRINT GROUP PLC IG GROUP PLC HUHTAMAKI OY JUST EAT PLC DCC PLC ST JAMES'S PLACE PLC Sector Consumer Discretionary 1.9 0.3 Real Estate 1.8 0.0 1.6 0.0 Consumer Discretionary 1.6 0.1 Consumer Discretionary 1.6 0.0 1.4 0.2 Materials 1.4 0.2 1.3 0.0 Industrials 1.3 0.0 1.2 0.0 Investment Objective The fund invests principally in equity securities of small and medium-sized European companies. Cumulative Performance (%) 3 6 A-EUR A - 5.9 4.9 7.7 11.1 30.0 90.1 1015.6 A-ACC-EUR A -- 5.9 4.9 7.7 11.1 30.0 90.0 137.9 A-ACC-USD (H) A --() 6.6 5.0 8.7 14.6 46.7-67.4 2.5 3.6 4.8 6.0 22.6 87.0 856.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country United Kingdom 35.0 27.1 Germany 11.0 11.0 France 6.1 8.0 Netherlands 5.4 4.1 USA 5.4 0.1 Sweden 3.9 9.2 Canada 3.8 0.0 Italy 3.8 7.9 Ireland 3.0 0.8 Spain 2.8 5.7 Other Countries 19.0 26.1 Cash* 0.8 Sector Exposure (%) Sector Consumer Discretionary 27.7 15.6 Industrials 14.5 23.1 13.5 10.0 11.7 13.2 Materials 9.5 7.3 Health Care 7.4 8.1 Energy 4.0 3.7 Real Estate 3.5 8.4 Consumer Staples 2.8 5.8 Telecommunication Services 2.3 1.9 Utilities 0.7 3.1 Cash* 0.8 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44035_May18.pdf Fidelity s European Smaller Companies Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 12.14 12.32 Beta (3 years) (3 ) 0.95 - Sharpe Ratio (3 years) (3 ) 0.78 0.59 Price / earnings ratio (x) 28.6 20.8 Price / book ratio (x) 2.4 2.0 Active Money (%) 89.9 - Market : EMIX Smaller European Companies (Gross) EMIX () All performance shown in Deutschmark until 31 Dec 98 and in Euro thereafter. (internal calculation using dividend yield through 31 Dec 01) 1998 12 31 ( 2001 12 31) is for comparative purpose only. A-EUR A - 01.12.95 56.56 FIDFESI LX LU0061175625 A-ACC-EUR A -- 25.09.06 23.79 FFESCAE LX LU0261951528 A-ACC-USD (H) A --() 10.01.14 16.74 FFESAUH LX LU0997586788 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-EUR A - 28.5 1.4 25.9 1.9 18.0 A-ACC-EUR A -- 28.4 1.4 25.9 1.9 18.0 A-ACC-USD (H) A --() - - 20.9 8.6 23.1 32.2 5.1 21.8 2.8 17.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
53965_May18.pdf Fidelity s European Value This fund invests primarily in European securities have a value style bias. The fund is subject to investment, equities, holdings concentration and foreign currency risk. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Matt Jones Hiten Savani Reference Currency EUR Size EUR118m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 66 Fidelity Code 1341 Performance (rebased to 100) (100) Investment Objective The fund aims to achieve long-term capital growth by investing principally in equity securities which have a value style bias and are issued by companies having their head office or exercising a predominant part of their activity in Europe. Typically, the fund will concentrate its investments in a more limited number of companies and therefore the resulting portfolio might be less diversified. Cumulative Performance (%) 3 6 A-ACC-EUR A -- -1.8 1.4-1.6-1.3-5.1 32.5 69.7-1.2 0.4-0.6 0.3 2.3 41.8 89.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-ACC-EUR A -- MSCI Europe Value (Net) () Top 10 Positions (%) Company ROYAL DUTCH SHELL PLC BP PLC LLOYDS BANKING GROUP PLC ASTRAZENECA PLC ACTIVIDADES DE CONST Y SERV SA KONINKLIJKE PHILIPS NV VODAFONE GROUP PLC SANOFI ARCELORMITTAL SA LUXEMBOURG SAMPO OYJ Sector Energy 6.7 6.5 Energy 4.4 2.2 2.3 1.4 Health Care 2.3 0.7 Industrials 2.3 0.2 Health Care 2.3 0.0 Telecommunication Services 2.2 1.5 Health Care 2.1 2.0 Materials 2.1 0.2 2.1 0.5 Geographical Exposure (%) Country United Kingdom 31.2 23.8 Netherlands 14.7 9.9 France 14.0 16.5 Germany 8.8 13.9 Italy 6.6 5.8 Switzerland 6.5 10.4 Spain 5.3 7.0 Finland 3.4 1.8 Sweden 2.9 2.5 Australia 1.7 2.6 Other Countries 2.8 5.7 Cash* 2.1 Sector Exposure (%) Sector 29.6 33.6 Industrials 17.1 6.8 Energy 12.4 15.5 Health Care 10.1 8.7 Materials 7.3 7.7 Utilities 5.9 6.0 Telecommunication Services 5.0 6.3 Consumer Staples 4.0 4.2 Consumer Discretionary 3.8 8.4 2.6 0.2 Real Estate 0.0 2.6 Cash* 2.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
53965_May18.pdf Fidelity s European Value Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.79 - Beta (3 years) (3 ) 1.11 - Sharpe Ratio (3 years) (3 ) -0.10 - Price / earnings ratio (x) 14.6 14.3 Price / book ratio (x) 1.4 1.3 Active Money (%) 66.5 - Market : MSCI Europe Value (Net) () is for comparative purpose only. A-ACC-EUR A -- 31.08.11 16.97 FEDVAAE LX LU0353646689 A-ACC: accumulating share class. A - Calendar Year Performance (%) A-ACC-EUR A -- 23.3 5.0 7.8 0.4 7.9 19.8 6.8 8.2 2.6 10.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44029_May18.pdf Morningstar Rating Fidelity s France This fund invests primarily in French equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in France and the value of the fund may be more volatile. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Bertrand Puiffe Reference Currency EUR Size EUR184m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 35 Fidelity Code 1020 Performance (rebased to 100) (100) Investment Objective The fund invests principally in French equity securities. Cumulative Performance (%) 3 6 A-EUR A - -4.4-2.8-0.5-3.7 6.5 43.5 717.2 A-ACC-EUR A -- -4.4-2.8-0.4-3.7 6.5 43.4 60.8 3.3 3.2 2.7 4.9 17.9 60.2 757.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - CAC All-Tradable (Net) CAC()() Top 10 Positions (%) Company ALTICE NV SOLOCAL GROUP SES SA KORIAN TECHNICOLOR SA VALLOUREC SA IPSOS SA INGENICO GROUP VIRBAC SA (SOCIETE) TECHNIPFMC PLC Sector Telecommunications 5.5 0.0 Consumer Services 5.1 0.0 Consumer Services 5.1 0.4 Health Care 4.4 0.1 Consumer Services 4.3 0.0 Industrials 3.9 0.1 Consumer Services 3.7 0.1 Technology 3.7 0.3 Health Care 3.6 0.0 Oil & Gas 3.5 0.8 Geographical Exposure (%) Country France 94.3 95.6 Netherlands 5.5 1.6 Switzerland 0.0 1.3 USA 0.0 0.8 Belgium 0.0 0.6 Germany 0.0 0.0 Cash* 0.2 Sector Exposure (%) Sector Consumer Services 34.7 8.1 Industrials 22.2 22.2 Consumer Goods 9.2 21.2 Health Care 8.0 8.4 Technology 7.1 5.6 Telecommunications 5.5 2.0 3.6 14.3 Oil & Gas 3.5 9.2 Basic Materials 3.4 5.7 Utilities 2.6 3.4 Cash* 0.2 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44029_May18.pdf Fidelity s France Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.43 13.59 Beta (3 years) (3 ) 0.93 - Sharpe Ratio (3 years) (3 ) 0.18 0.43 Price / earnings ratio (x) 21.9 17.2 Price / book ratio (x) 1.8 1.7 Active Money (%) 93.6 - Market : CAC All-Tradable (Net) CAC()() Prior to 20 Mar 11, the index was SBF 250 (Net FR). Prior to Dec 93 was Paris CAC General. 2011 3 20 SBF250() 1993 12 CAC is for comparative purpose only. A-EUR A - 01.10.90 54.85 FIDLFRI LX LU0048579410 A-ACC-EUR A -- 25.09.06 16.08 FFFAEUA LX LU0261948060 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-EUR A - 18.2 2.9 14.4 4.4 11.9 A-ACC-EUR A -- 18.3 2.9 14.4 4.4 11.9 22.5 3.0 11.7 7.4 13.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44030_May18.pdf Morningstar Rating Fidelity s Germany This fund invests primarily in Germany equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Germany and the value of the fund may be more volatile. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Christian von Engelbrechten Reference Currency EUR Size EUR872m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 39 Fidelity Code 1021 Performance (rebased to 100) (100) A-EUR A - Deutsche Boerse HDAX Total Return HDAX Top 10 Positions (%) Company SAP SE SIEMENS AG AIRBUS SE BASF SE BAYER AG FRESENIUS SE & CO KGAA DEUTSCHE POST AG LINDE AG VOLKSWAGEN AG INFINEON TECHNOLOGIES AG Sector 9.5 7.8 Industrials 9.4 6.9 Industrials 7.2 4.3 Materials 6.5 6.1 Health Care 6.4 6.6 Health Care 5.0 2.1 Industrials 4.7 2.4 Materials 4.2 2.6 Consumer Discretionary 3.9 2.3 3.3 2.0 Investment Objective The fund invests principally in German equity securities. Cumulative Performance (%) 3 6 A-EUR A - 1.9 2.0 2.3 5.0 15.3 62.1 801.6 A-ACC-EUR A -- 1.8 2.0 2.3 5.0 15.3 62.0 126.6 A-ACC-USD (H) A --() 2.8 2.6 3.7 7.5 19.2-42.4-0.8 1.5-2.0 2.4 15.9 61.0 788.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country Germany 89.1 95.7 France 7.7 4.3 Austria 1.2 0.1 USA 0.9 0.0 United Kingdom 0.6 0.0 Cash* 0.6 Sector Exposure (%) Sector Industrials 23.8 18.3 Health Care 16.7 12.6 Materials 15.7 13.9 Consumer Discretionary 14.8 16.1 14.7 13.0 5.1 12.7 Consumer Staples 3.8 2.3 Utilities 2.5 3.1 Telecommunication Services 2.3 4.0 Real Estate 0.0 3.9 Cash* 0.6 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44030_May18.pdf Fidelity s Germany Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.39 15.35 Beta (3 years) (3 ) 0.88 - Sharpe Ratio (3 years) (3 ) 0.36 0.35 Price / earnings ratio (x) 16.8 13.8 Price / book ratio (x) 2.8 1.9 Active Money (%) 42.3 - Market : Deutsche Boerse HDAX Total Return HDAX All performance shown in Deutschmark until 31 Dec 98 and in Euro thereafter. Prior to 24 Mar 2003 was DAX 100. Prior to Dec 96 was Frankfurt FAZ General. 1998 12 31 2003 3 24 DAX 100 1996 12 FAZ is for comparative purpose only. A-EUR A - 01.10.90 54.90 FIDLGEI LX LU0048580004 A-ACC-EUR A -- 25.09.06 22.66 FFGFAEA LX LU0261948227 A-ACC-USD (H) A --() 09.04.14 14.24 FGRAAUH LX LU1046421878 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-EUR A - 33.3-0.6 20.9-3.6 17.1 A-ACC-EUR A -- 33.2-0.6 20.9-3.6 17.1 A-ACC-USD (H) A --() - - 19.1-2.5 19.5 27.9 2.6 12.6 6.3 14.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
90822_May18.pdf Fidelity s Global Consumer Industries This fund invests primarily in equity securities of companies throughout the world which are involved in the manufacture and distribution of goods to consumers. The fund is subject to investment, equities, holdings concentration and foreign currency risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2016, Equity Global - 10 years# 2016-10 Lipper Awards Hong Kong 2015, Equity Global - 10 years# 2015-10 Morningstar Rating Lipper Awards Hong Kong 2013, Equity Global - 5 years# 2013-5 ( ) () Equity Details Manager Aneta Wynimko Reference Currency EUR Size EUR874m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 71 Fidelity Code 1075 Performance (rebased to 100) (100) Investment Objective The fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world which are involved in the manufacture and distribution of goods to consumers. Cumulative Performance (%) 3 6 A-EUR A - 8.0 6.9 9.7 8.8 24.1 79.5 185.4 A-ACC-USD A -- 4.8 2.1 7.5 12.8 31.6 61.1 66.3 1.3 2.7 2.8 1.9 13.7 67.8 153.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - MSCI AC World Consumer Discretionary & Staples (Net) () Top 10 Positions (%) Company AMAZON.COM INC LVMH MOET HENNESSY SE L'OREAL SA COLGATE-PALMOLIVE CO NESTLE SA KERING SA DIAGEO PLC ALIBABA GROUP HOLDING LTD LAUDER ESTEE COS INC ALPHABET INC Sector Consumer Discretionary 7.6 7.2 Consumer Discretionary 4.8 1.0 Consumer Staples 3.8 0.7 Consumer Staples 3.3 0.6 Consumer Staples 3.2 2.6 Consumer Discretionary 3.2 0.5 Consumer Staples 3.1 1.0 3.0 0.0 Consumer Staples 2.5 0.4 2.4 0.0 Geographical Exposure (%) Country USA 36.7 52.1 France 14.0 5.2 China 8.3 2.1 Japan 7.7 11.1 United Kingdom 5.7 7.9 Germany 5.4 3.4 Switzerland 5.4 3.5 South Africa 2.0 1.6 Italy 1.6 0.6 Netherlands 1.5 0.8 Other Countries 7.8 11.7 Cash* 3.9 Sector Exposure (%) Sector Consumer Discretionary 53.5 61.2 Consumer Staples 33.7 38.8 8.3 0.0 Real Estate 0.5 0.0 Industrials 0.1 0.0 Cash* 3.9 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
90822_May18.pdf Fidelity s Global Consumer Industries Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.53 10.19 Beta (3 years) (3 ) 1.08 - Sharpe Ratio (3 years) (3 ) 0.67 0.46 Price / earnings ratio (x) 30.2 19.1 Price / book ratio (x) 4.9 3.3 Active Money (%) 67.8 - Market : MSCI AC World Consumer Discretionary & Staples (Net) () is for comparative purpose only. A-EUR A - 01.09.00 56.88 FIDCIFE LX LU0114721508 A-ACC-USD A -- 27.03.13 16.63 FFGCIAA LX LU0882574139 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-EUR A - 19.5 19.1 15.4 1.5 13.1 A-ACC-USD A -- - 4.7 3.6-1.4 28.8 21.9 19.2 16.4 5.3 7.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
54164_May18.pdf Morningstar Rating Fidelity s Global Demographics This fund invests primarily in equity securities of companies throughout the world that are able to benefit from demographics changes. The fund is subject to investment, equities, emerging markets, holdings concentration and foreign currency risks. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Aneta Wynimko Velislava Dimitrova Reference Currency USD Size US$450m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 64 Fidelity Code 1421 Performance (rebased to 100) (100) Investment Objective The fund aims to achieve long-term capital growth from a portfolio primarily invested in equity securities of companies throughout the world that are able to benefit from demographics changes. Investments will include, but are not limited to, health care and consumer industries companies that stand to benefit from the effects of growing life expectancy in ageing populations, and the creation of wealth in emerging markets. The fund may invest up to 30% of its assets in emerging markets. Subject to the above, the Investment Manager is free to select any company regardless of size, industry or location, and will concentrate its investment in a more limited number of companies, and therefore the resulting portfolio will be less diversified. 30% Cumulative Performance (%) 3 6 A-ACC-USD A -- 3.6-0.2 5.2 12.7 24.8 63.3 95.0 0.1-1.1 1.7 11.8 24.3 53.0 74.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 14 Mar 2012 to the launch year end was 6.7%. 2012 3 14(A --) 6.7% A-ACC-USD A -- MSCI AC World (Net) () Top 10 Positions (%) Company LVMH MOET HENNESSY SE UNITEDHEALTH GROUP INC ABBOTT LABORATORIES L'OREAL SA AIRBUS SE AMADEUS IT GROUP SA LAUDER ESTEE COS INC INFINEON TECHNOLOGIES AG ALPHABET INC BOSTON SCIENTIFIC CORP Sector Consumer Discretionary 3.1 0.2 Health Care 3.0 0.5 Health Care 2.9 0.2 Consumer Staples 2.8 0.1 Industrials 2.6 0.1 2.6 0.1 Consumer Staples 2.4 0.1 2.4 0.1 2.4 1.5 Health Care 2.4 0.1 Geographical Exposure (%) Country USA 27.1 53.3 France 10.3 3.5 Germany 6.6 3.1 China 5.5 3.7 Spain 5.3 0.9 India 3.7 1.0 Hong Kong 3.6 1.2 Australia 3.3 2.2 United Kingdom 3.3 5.8 Netherlands 3.2 1.1 Other Countries 22.6 24.3 Cash* 5.6 Sector Exposure (%) Sector Health Care 21.0 10.8 17.0 19.7 15.6 17.8 Consumer Discretionary 14.4 12.4 Consumer Staples 10.4 7.9 Industrials 9.3 10.7 Materials 5.2 5.4 Telecommunication Services 1.0 2.7 Real Estate 0.4 3.0 Energy 0.0 6.7 Utilities 0.0 2.9 Cash* 5.6 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
54164_May18.pdf Fidelity s Global Demographics Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.70 10.79 Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) 0.60 0.64 Price / earnings ratio (x) 25.8 17.8 Price / book ratio (x) 3.5 2.3 Active Money (%) 90.9 - Market : MSCI AC World (Net) () is for comparative purpose only. A-ACC-USD A -- 14.03.12 19.50 FIDGDAU LX LU0528227936 A-ACC: accumulating share class. A - Calendar Year Performance (%) A-ACC-USD A -- 22.6 12.1 3.8-6.1 31.9 22.8 4.2-2.4 7.9 24.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 14 Mar 2012 to the launch year end was 6.7%. 2012 3 14(A --) 6.7% Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
54223_May18.pdf Fidelity s Global Dividend This fund invests primarily in income producing equity securities globally. The fund is subject to investment, equities and foreign currency risk. Although the fund will generally invest in income-producing securities, it is not guaranteed that all underlying investments will generate income and higher yields generally mean that there will be reduced potential for capital appreciation for equity securities. The fund s performance will be closely tied to the conditions in the European Economic Area, and this may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. Lipper Awards Hong Kong 2016, Equity Global Income - 3 years# 2016-3 Morningstar Rating ( ) 1) 2) C (), Equity Details Manager Daniel Roberts Reference Currency USD Size US$5,471m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 50 Fidelity Code 1359 Performance (rebased to 100) (100) A-MINCOME(G)-USD A -(G)- MSCI AC World (Net) () Top 10 Positions (%) Company WOLTERS KLUWER NV DIAGEO PLC ROYAL DUTCH SHELL PLC US BANCORP DEL RELX NV DEUTSCHE BOERSE AG TAIWAN SEMICONDUCTR MFG CO LTD SANOFI PROCTER & GAMBLE CO JOHNSON & JOHNSON Sector Industrials 4.6 0.0 Consumer Staples 4.5 0.2 Energy 4.0 0.6 3.5 0.2 Industrials 3.5 0.0 3.5 0.1 3.3 0.4 Health Care 2.8 0.2 Consumer Staples 2.8 0.4 Health Care 2.8 0.7 Investment Objective The fund aims to achieve income and long-term capital growth principally through investments in income producing equity securities globally. The Investment Manager will target investments which it believes offer attractive dividend yields in addition to price appreciation. Cumulative Performance (%) 3 6 A-MINCOME(G)-USD A -(G)- -2.5-1.4-2.2 1.5 14.1 36.6 72.8 A-ACC-USD A -- -2.5-1.4-2.2 1.5 14.0 36.6 65.8 0.1-1.1 1.7 11.8 24.3 53.0 84.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-MINCOME(G)-USD) from launch date 30.01.12 to the launch year end was 12.3%. 2012 1 30(A -(G)-) 12.3% Geographical Exposure (%) Country USA 28.3 53.3 United Kingdom 18.5 5.8 Netherlands 8.1 1.1 Japan 7.0 7.9 Switzerland 6.5 2.4 France 6.2 3.5 Germany 6.0 3.1 Spain 3.5 0.9 Taiwan 3.3 1.4 China 1.5 3.7 Other Countries 4.8 16.9 Cash* 6.4 Sector Exposure (%) Sector 19.8 17.8 15.2 19.7 Health Care 14.3 10.8 Industrials 14.0 10.7 Consumer Staples 12.1 7.9 Utilities 6.0 2.9 Telecommunication Services 5.0 2.7 Energy 4.3 6.7 Consumer Discretionary 1.9 12.4 Real Estate 1.0 3.0 Materials 0.0 5.4 Cash* 6.4 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
54223_May18.pdf Fidelity s Global Dividend Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 9.37 10.79 Beta (3 years) (3 ) 0.75 - Sharpe Ratio (3 years) (3 ) 0.42 0.64 Price / earnings ratio (x) 17.3 17.8 Price / book ratio (x) 2.4 2.3 Active Money (%) 91.5 - A-MINCOME(G)-USD A -(G)- 30.01.12 14.32 FFGDMIU LX LU0731783048 A-ACC-USD A -- 04.05.12 16.58 FFGDAAU LX LU0772969993 A-ACC-EUR (H) A --() 30.01.12 18.27 FFGDAAE LX LU0605515377 A-MINCOME(G)-EUR A -(G)-- 30.01.12 16.19 FFGDMIE LX LU0731782826 A-MINCOME(G)-HKD A -(G)- A-MINCOME(G)-AUD (H) A -(G)-() A-HMDIST(G)-AUD (H) A -H(G)-() A-MINCOME(G)-HKD (H) A -(G)-() A-MINCOME(G)-USD (H) A -(G)-() 10.05.12 14.18 FFDGAMH LX LU0742537680 28.10.13 12.90 FFGDAMA LX LU0982800491 23.01.14 11.59 FFGAHMD LX LU1005136848 12.09.16 10.54 FFGDAMH LX LU1481011671 12.09.16 10.69 FFGDAMU LX LU1481011911 A-MCDIST(G)-USD A -C(G)- 22.11.16 10.92 FFGDAGU LX LU1509826696 A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. A-MINCOME(G)(H): monthly gross income hedged share class. A-ACC(H): accumulating hedged share class. A-MCDIST(G): monthly gross income and capital distributing share class. Distribution amount not guaranteed. A -A -(G): A -H(G)() ( ) A (G) (): () A -() () A -C (G) Market : MSCI AC World (Net) () is for comparative purpose only. Calendar Year Performance (%) A-MINCOME(G)-USD A -(G)- 26.1 4.7 1.6 1.1 16.2 A-ACC-USD A -- 26.1 4.8 1.6 1.2 16.1 22.8 4.2-2.4 7.9 24.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-MINCOME(G)-USD) from launch date 30.01.12 to the launch year end was 12.3%. 2012 1 30(A -(G)-) 12.3% Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date Semi-annual report Product Key Facts A-MINCOME(G)-USD A -(G)- 0.0353 2.99 01.05.18 A-ACC-USD A -- - - - (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^]- www.fidelity.com.hk For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
90823_May18.pdf Morningstar Rating Fidelity s Global Financial Services This fund invests primarily in the equity securities of companies throughout the world which are involved in providing financial services to consumers and industry. The fund is subject to investment, equities, emerging markets, foreign currency risk, holdings concentration and financial services sector risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Sotiris Boutsis Reference Currency EUR Size EUR1,667m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 71 Fidelity Code 1073 Performance (rebased to 100) (100) Investment Objective The fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world which are involved in providing financial services to consumers and industry. Cumulative Performance (%) 3 6 A-EUR A - -1.7-3.8-0.7 7.3 12.4 56.3 81.2 A-USD A - -4.6-8.1-2.7 11.4 19.1-36.1-1.6-2.9 0.1 6.8 10.4 54.6 37.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - MSCI AC World (Net) () Top 10 Positions (%) Company JPMORGAN CHASE & CO BANK OF AMERICA CORPORATION WELLS FARGO & CO NEW BERKSHIRE HATHAWAY INC DEL MORGAN STANLEY AIA GROUP LTD ALLIANZ SE CME GROUP INC CHINA CONSTRUCTION BANK VOYA FINANCIAL INC Sector 6.6 4.6 5.1 3.6 4.5 3.1 4.0 3.0 2.7 0.8 2.4 1.4 2.2 1.1 2.1 0.7 2.0 1.1 1.9 0.1 Geographical Exposure (%) Country USA 48.5 41.9 United Kingdom 6.1 6.9 Hong Kong 4.9 2.2 Japan 4.6 5.4 Germany 4.5 2.4 China 3.6 4.8 Switzerland 3.4 2.6 India 2.6 1.3 France 2.5 2.4 Thailand 2.2 0.3 Other Countries 14.3 29.9 Cash* 2.8 Sector Exposure (%) Sector 92.3 100.0 4.0 0.0 Industrials 0.9 0.0 Cash* 2.8 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
90823_May18.pdf Fidelity s Global Financial Services Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.56 14.12 Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) 0.31 0.26 Price / earnings ratio (x) 15.6 13.3 Price / book ratio (x) 1.3 1.3 Active Money (%) 64.2 - Market : MSCI AC World (Net) () Prior to 1 Aug 17, the index was MSCI AC World + Real Estate (N). Prior to 1 Sep 16, the index was MSCI AC World (N). Prior to Oct 06 was the FTSE Global with 5% Modified Cap Weighting. 2017 8 1 () 2016 9 1 () 2006 10 (5 ) is for comparative purpose only. A-EUR A - 01.09.00 34.96 FIDFSFE LX LU0114722498 A-USD A - 16.10.13 13.51 FFGFSAU LX LU0971096721 A: distributing share class. A Calendar Year Performance (%) A-EUR A - 18.2 18.1 13.3 8.2 9.3 A-USD A - - 3.7 1.6 5.2 24.5 16.8 17.8 5.2 12.6 8.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
45932_May18.pdf Morningstar Rating Fidelity s Global Focus This fund invests primarily in stocks across the world s stock markets. The fund is subject to investment, equities, holdings concentration and foreign currency risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Amit Lodha Reference Currency USD Size US$544m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 103 Fidelity Code 1046 Performance (rebased to 100) (100) A-USD A - MSCI AC World (Net) () Top 10 Positions (%) Company MICROSOFT CORP ALPHABET INC ROYAL DUTCH SHELL PLC MERCK & CO INC NEW INTEL CORP JPMORGAN CHASE & CO INTUIT INC WELLS FARGO & CO NEW KOTAK MAHINDRA BANK LTD CANADIAN NATL RESOURCES LTD Sector 2.2 1.6 1.9 1.5 Energy 1.9 0.6 Health Care 1.7 0.4 1.6 0.6 1.6 0.8 1.5 0.1 1.5 0.6 1.4 0.0 Energy 1.4 0.1 Investment Objective The fund aims to achieve long-term capital growth from a portfolio primarily invested in stocks across the world s stock markets. The manager is free to select any company regardless of size, industry or location and will concentrate its investments in a more limited number of companies and therefore the resulting portfolio will be less diversified. Cumulative Performance (%) 3 6 A-USD A - 1.3-0.2 3.3 12.9 25.5 53.3 248.9 A-EUR A - 4.3 4.4 5.4 8.7 18.2 70.6 214.2 A-ACC-USD A -- 1.3-0.2 3.3 12.9 - - 37.4 A-ACC-EUR (H) A --() 1.2 1.0 2.6 10.4 - - 32.7 0.1-1.1 1.7 11.8 24.3 53.0 227.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country USA 50.2 53.3 United Kingdom 9.3 5.1 Germany 7.9 3.1 Japan 6.8 7.9 India 4.5 1.0 Canada 3.2 3.0 Switzerland 2.8 2.4 Sweden 2.2 0.8 France 2.0 3.5 China 1.6 3.7 Other Countries 7.5 16.2 Cash* 2.1 Sector Exposure (%) Sector 24.6 19.7 18.2 17.8 Consumer Discretionary 11.1 12.4 Health Care 10.3 10.8 Consumer Staples 9.1 7.9 Energy 7.6 6.7 Industrials 6.0 10.7 Materials 5.8 5.4 Real Estate 3.8 3.0 Utilities 1.0 2.9 Telecommunication Services 0.6 2.7 Cash* 2.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
45932_May18.pdf Fidelity s Global Focus Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.01 10.79 Beta (3 years) (3 ) 0.99 - Sharpe Ratio (3 years) (3 ) 0.66 0.64 Price / earnings ratio (x) 24.4 17.8 Price / book ratio (x) 2.5 2.3 Active Money (%) 85.3 - Market : MSCI AC World (Net) () Prior to 31 Jan 11, MSCI World (Net). 2011 10 31( ) is for comparative purpose only. A-USD A - 14.01.03 69.60 FIDGFAU LX LU0157215616 A-EUR A - 14.01.03 62.68 FIDGFAE LX LU0157922724 A-ACC-USD A -- 12.05.16 13.74 FFGFAAU LX LU1366333091 A-ACC-EUR (H) A --() 12.05.16 13.27 FFGFAEH LX LU1366332952 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-USD A - 22.9 2.6 1.5 3.7 26.3 A-EUR A - 17.6 16.8 13.2 6.7 10.9 A-ACC-USD A -- - - - - 26.4 A-ACC-EUR (H) A --() - - - - 20.4 22.8 4.2-2.4 7.9 24.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
90821_May18.pdf Morningstar Rating Fidelity s Global Health Care This fund invests primarily in equity securities of companies throughout the world which are involved in the design, manufacture, or sale of products and services used for or in connection with health care, medicine or biotechnology. The fund is subject to investment, equities, foreign currency risk, holdings concentration and healthcare sector risk. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Alex Gold Reference Currency EUR Size EUR627m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 53 Fidelity Code 1074 Performance (rebased to 100) (100) A-EUR A - MSCI AC World Health Care (Net) () Top 10 Positions (%) Company UNITEDHEALTH GROUP INC ABBOTT LABORATORIES CSL LTD PFIZER INC BOSTON SCIENTIFIC CORP JOHNSON & JOHNSON THERMO FISHER SCIENTIFIC INC STRYKER CORP MERCK & CO INC NEW AETNA INC Sector Health Care 8.0 4.7 Health Care 6.7 2.2 Health Care 5.8 1.3 Health Care 4.4 4.3 Health Care 3.9 0.8 Health Care 3.8 6.5 Health Care 3.6 1.7 Health Care 3.4 1.2 Health Care 3.3 3.3 Health Care 3.2 1.2 Investment Objective The fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world which are involved in the design, manufacture, or sale of products and services used for or in connection with health care, medicine or biotechnology. Cumulative Performance (%) 3 6 A-EUR A - 5.6 5.7 5.3 4.3-4.0 72.2 97.2 A-ACC-EUR A -- 5.6 5.7 5.3 4.4-4.0 72.2 151.8 A-ACC-USD A -- 2.5 1.0 3.2 8.3 1.9 54.7 62.6 3.2 3.7 2.6 3.0 0.9 79.5 144.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country USA 65.8 66.3 Australia 6.8 1.8 Denmark 5.9 2.4 United Kingdom 5.8 5.3 Switzerland 5.4 7.3 France 3.8 2.7 Germany 2.7 3.6 Spain 1.6 0.2 New Zealand 1.4 0.2 Japan 0.0 5.5 Other Countries 0.0 4.7 Cash* 0.9 Sector Exposure (%) Sector Health Care 99.1 100.0 Cash* 0.9 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
90821_May18.pdf Fidelity s Global Health Care Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.86 12.76 Beta (3 years) (3 ) 1.05 - Sharpe Ratio (3 years) (3 ) -0.08 0.05 Price / earnings ratio (x) 26.2 21.4 Price / book ratio (x) 4.8 3.7 Active Money (%) 53.4 - Market : MSCI AC World Health Care (Net) () Prior to Oct 06, FTSE Global Health & FTSE Global Pharmaceuticals with 5% Modified Cap Weighting. 2006 10(5%) is for comparative purpose only. A-EUR A - 01.09.00 39.44 FIDHCFE LX LU0114720955 A-ACC-EUR A -- 25.09.06 25.18 FFHCAEA LX LU0261952419 A-ACC-USD A -- 27.03.13 16.26 FFGHCAA LX LU0882574055 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-EUR A - 27.6 37.8 18.4-10.3 4.3 A-ACC-EUR A -- 27.6 37.8 18.4-10.3 4.3 A-ACC-USD A -- - 21.0 6.3-12.7 18.8 29.9 34.5 18.4-4.0 5.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
90824_May18.pdf Morningstar Rating Fidelity s Global Industrials This fund invests primarily in equity securities of companies throughout the world which are involved in the research, development, manufacture, distribution, supply, or sale of materials, equipment, products or services related to cyclical and natural resources industries. The fund is subject to investment, equities, foreign currency, holdings concentration and industrials sector risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Ashish Bhardwaj Reference Currency EUR Size EUR99m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 68 Fidelity Code 1076 Performance (rebased to 100) (100) Investment Objective The fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world which are involved in the research, development, manufacture, distribution, supply, or sale of materials, equipment, products or services related to cyclical and natural resources industries. Cumulative Performance (%) 3 6 A-EUR A - 5.2 7.8 7.4 6.4 14.5 37.9 162.9 3.3 5.9 5.8 10.6 15.0 46.3 139.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - MSCI AC World Energy, Materials and Industrials (Net) () Top 10 Positions (%) Company CHEVRON CORP NEW ROYAL DUTCH SHELL PLC DOWDUPONT INC UNION PACIFIC CORP UNITED TECHNOLOGIES CORP LINDE AG FASTENAL CO CHINA PETROLEUM & CHEM CORP EXXON MOBIL CORP DANAHER CORP Sector Energy 4.2 2.3 Energy 3.5 2.8 Materials 3.4 1.4 Industrials 3.2 1.1 Industrials 2.7 0.9 Materials 2.5 0.4 Industrials 2.2 0.1 Energy 2.2 0.2 Energy 2.1 3.3 Health Care 2.1 0.0 Geographical Exposure (%) Country USA 55.0 44.1 United Kingdom 9.0 5.1 Canada 5.3 5.2 Germany 5.0 3.8 Japan 5.0 9.9 Switzerland 3.9 1.7 Netherlands 3.6 3.7 Australia 3.3 4.0 China 2.2 1.8 France 2.0 5.3 Other Countries 2.7 15.4 Cash* 2.9 Sector Exposure (%) Sector Industrials 33.8 46.9 Energy 28.0 29.4 Materials 23.9 23.7 7.6 0.0 Health Care 2.1 0.0 Consumer Discretionary 1.7 0.0 Cash* 2.9 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
90824_May18.pdf Fidelity s Global Industrials Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 15.29 13.69 Beta (3 years) (3 ) 1.08 - Sharpe Ratio (3 years) (3 ) 0.32 0.37 Price / earnings ratio (x) 21.1 18.4 Price / book ratio (x) 2.6 2.1 Active Money (%) 74.3 - Market : MSCI AC World Energy, Materials and Industrials (Net) () is for comparative purpose only. A-EUR A - 01.09.00 51.94 FIDINFE LX LU0114722902 A: distributing share class. A Calendar Year Performance (%) A-EUR A - 14.2 2.6-0.7 25.8-2.6 10.6 6.5-2.4 22.7 5.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
41714_May18.pdf Morningstar Rating Fidelity s Global Opportunities This fund invests primarily in equity securities of companies throughout the world in industry sectors including, but not limited to Consumer Industry, Financial Services, Health Care, Industrials, Natural Resources, Technology and Telecommunication. The fund is subject to investment, equities and foreign currency risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) ( ) () Equity Details Manager Matt Jones Hiten Savani Reference Currency USD Size US$288m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 83 Fidelity Code 1125 Performance (rebased to 100) (100) Investment Objective The fund aims to provide investors with long-term capital growth, primarily through investment in the equity securities of companies throughout the world in industry sectors including, but not limited to Consumer Industry, Financial Services, Health Care, Industrials, Natural Resources, Technology and Telecommunication. ( ) Cumulative Performance (%) 3 6 A-USD A - -1.1-2.3-0.2 10.9 14.6 33.4 76.6 A-ACC-EUR A -- 1.8 2.2 1.7 6.7 7.9 48.5 93.0 0.1-1.1 1.7 11.8 24.3 53.0 85.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI AC World (Net) () Top 10 Positions (%) Company MICROSOFT CORP NEXTERA ENERGY INC JPMORGAN CHASE & CO KONICA MINOLTA INC SANTEN PHARMACEUTICAL CO LTD MORGAN STANLEY VERIZON COMMUNICATIONS INC CHINA PETROLEUM & CHEM CORP SITC INTL HOLDINGS CO LTD CHARLES RIVER LABS INTL INC Sector 2.3 1.6 Utilities 2.2 0.2 2.2 0.8 2.0 0.0 Health Care 2.0 0.0 2.0 0.1 Telecommunication Services 2.0 0.4 Energy 1.9 0.1 Industrials 1.9 0.0 Health Care 1.9 0.0 Geographical Exposure (%) Country USA 49.2 53.3 Japan 6.7 7.9 United Kingdom 5.9 5.8 France 4.1 3.5 China 3.9 3.7 Canada 3.6 3.1 Hong Kong 3.4 1.2 Netherlands 3.3 1.1 Switzerland 2.7 2.4 Germany 2.5 3.1 Other Countries 13.8 15.0 Cash* 0.8 Sector Exposure (%) Sector 21.6 19.7 18.5 17.8 Health Care 14.7 10.8 Consumer Discretionary 9.9 12.4 Industrials 9.6 10.7 Utilities 6.2 2.9 Consumer Staples 5.7 7.9 Energy 5.6 6.7 Telecommunication Services 3.3 2.7 Materials 2.6 5.4 Real Estate 1.6 3.0 Cash* 0.8 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
41714_May18.pdf Fidelity s Global Opportunities Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 10.30 10.79 Beta (3 years) (3 ) 0.92 - Sharpe Ratio (3 years) (3 ) 0.39 0.64 Price / earnings ratio (x) 17.6 17.8 Price / book ratio (x) 2.2 2.3 Active Money (%) 86.5 - Market : MSCI AC World (Net) () is for comparative purpose only. A-USD A - 30.10.06 17.59 FIDGSAU LX LU0267386448 A-ACC-EUR A -- 30.10.06 19.30 FIGSAAE LX LU0267387255 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 21.4 2.8-4.0 1.8 22.8 A-ACC-EUR A -- 16.1 17.0 7.1 4.8 7.9 22.8 4.2-2.4 7.9 24.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
40012_May18.pdf Morningstar Rating Fidelity s Global Property This fund invests primarily in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund is subject to investment, equities, holdings concentration and foreign currency risk. The fund s investments in real estate securities are subject to substantially the same risks as direct investments in real estate. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Dirk Philippa Reference Currency USD Size US$196m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 39 Fidelity Code 1079 Performance (rebased to 100) (100) A-USD A - FTSE EPRA/NAREIT Developed (Net) EPRA/NAREIT () Top 10 Positions (%) Company PROLOGIS INC SUN HUNG KAI PROPERTIES LTD DEUTSCHE WOHNEN SE MITSUI FUDOSAN CO LTD AMERICAN HOMES 4 RENT MITSUBISHI ESTATE CO LTD WELLTOWER INC GOODMAN GROUP SUN COMMUNITIES INC VEREIT INC Sector Industrial 5.5 2.3 Residential 5.0 1.6 Residential 4.4 1.1 Diversified 3.9 1.6 Residential 3.9 0.3 Offices 3.7 1.5 Diversified 3.5 1.5 Industrial 3.4 0.9 Residential 3.1 0.5 Diversified 2.9 0.5 Investment Objective The fund aims to achieve a combination of income and long- term capital growth primarily from investments in securities of companies principally engaged in the real estate industry and other real estate related investments. Cumulative Performance (%) 3 6 A-USD A - -0.6 4.8 0.8 5.5 5.1 24.0 56.9 A-ACC-USD A -- -0.6 4.9 0.8 5.5 5.2 24.1 57.2 A-ACC-EUR A -- 2.4 9.7 2.9 1.6-1.0 37.8 58.5 A-EUR A - 2.4 9.7 2.8 1.6-1.0 38.0 58.9-1.1 6.1 0.2 4.9 11.8 28.1 85.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country USA 47.6 51.4 Hong Kong 11.6 8.4 Japan 7.6 11.0 Germany 7.0 4.7 Spain 6.1 0.7 Australia 5.7 4.9 United Kingdom 3.4 5.2 Singapore 2.7 2.5 Canada 1.6 2.8 Switzerland 1.3 1.0 Other Countries 1.9 7.2 Cash* 3.3 Sector Exposure (%) Sector Residential 34.5 18.9 Diversified 21.8 28.7 Offices 21.5 20.5 Industrial 8.9 7.7 Retail 8.0 19.4 Hotels 2.0 4.4 Cash* 3.3 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /* The fund is authorized by the Securities and Futures commission (SFC) in Hong Kong under the SFC Code on Unit Trusts and Mutual s and not under the SFC Code on Real Estate Investment Trusts. Such authorization does not imply official approval or recommendation by the SFC. The underlying REITs may not necessarily be authorized by the SFC; and the dividend policy/payout policy of the fund is not representative of the dividend policy/payout policy of the underlying REITs. ( ) //
40012_May18.pdf Fidelity s Global Property Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 10.72 11.49 Beta (3 years) (3 ) 0.91 - Sharpe Ratio (3 years) (3 ) 0.10 0.28 Price / earnings ratio (x) 13.9 14.9 Price / book ratio (x) 1.3 1.4 Active Money (%) 70.4 - Market : FTSE EPRA/NAREIT Developed (Net) EPRA/NAREIT () is for comparative purpose only. A-USD A - 05.12.05 14.16 FIDGLAU LX LU0237698245 A-ACC-USD A -- 05.12.05 15.72 FIDGLAA LX LU0237698914 A-ACC-EUR A -- 05.12.05 15.85 FIDGLAC LX LU0237698757 A-EUR A - 05.12.05 14.25 FIGLORA LX LU0237697510 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - 2.6 18.1-2.7-0.7 11.2 A-ACC-USD A -- 2.6 18.1-2.7-0.7 11.2 A-ACC-EUR A -- -1.8 34.5 8.4 2.1-2.4 A-EUR A - -1.8 34.4 8.5 2.1-2.4 3.7 15.0-0.8 4.1 10.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44044_May18.pdf Fidelity s Global Technology This fund invests primarily in equity securities of companies throughout the world that have, or will, develop products, processes or services that will provide, or will benefit significantly from, technological advances and improvements. The fund is subject to investment, equities, foreign currency, holdings concentration and technology sector risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2017, Equity Sector - 5 years# 2017-5 Lipper Awards Hong Kong 2017, Equity Sector - 3 years# 2017-3 Lipper Awards Hong Kong 2016, Equity Sector - 5 years# 2016-5 Lipper Awards Hong Kong 2016, Equity Sector - 3 years# 2016-3 Morningstar Rating Lipper Awards Hong Kong 2015, Equity Sector Information Technology - 3 years# 2015-3 ( ) () Equity Details Manager Hyunho Sohn Reference Currency EUR Size EUR3,092m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 61 Fidelity Code 1067 Performance (rebased to 100) (100) A-EUR A - MSCI AC World (Net) () Top 10 Positions (%) Company ALPHABET INC INTEL CORP APPLE INC SAMSUNG ELECTRONICS CO LTD SAP SE ORACLE CORP IBM CORPORATION NXP SEMICONDUCTORS BELGIUM NV TAIWAN SEMICONDUCTR MFG CO LTD QUALCOMM INC Sector 8.8 7.5 4.7 2.9 4.3 10.7 4.2 2.9 3.8 1.2 3.6 1.6 3.5 1.4 3.4 0.4 3.4 2.1 3.3 1.0 Investment Objective The fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world that have, or will, develop products, processes or services that will provide, or will benefit significantly from, technological advances and improvements. Cumulative Performance (%) 3 6 A-EUR A - 8.0 5.5 8.2 16.2 59.5 163.8 119.3 A-ACC-USD A -- 4.8 0.8 6.1 20.6 69.4-102.9 A-ACC-USD (H) A --() 5.2 1.5 6.3 20.2 - - 67.0 11.5 6.4 10.8 21.6 57.3 164.6 128.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country USA 65.4 71.4 Germany 5.8 1.9 Korea (South) 5.4 4.2 Taiwan 5.3 4.2 Japan 4.6 5.2 China 4.2 7.7 Netherlands 3.4 1.3 United Kingdom 1.2 0.2 Sweden 1.2 0.4 Switzerland 0.8 0.0 Other Countries 0.7 3.6 Cash* 2.0 Sector Exposure (%) Sector 89.9 100.0 Consumer Discretionary 4.5 0.0 Materials 1.6 0.0 Industrials 1.1 0.0 0.7 0.0 Telecommunication Services 0.1 0.0 Cash* 2.0 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44044_May18.pdf Fidelity s Global Technology Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 16.87 15.13 Beta (3 years) (3 ) 1.03 - Sharpe Ratio (3 years) (3 ) 1.01 1.10 Price / earnings ratio (x) 28.6 22.3 Price / book ratio (x) 3.4 4.6 Active Money (%) 67.2 - Market : MSCI AC World (Net) () Prior to Oct 06, FTSE Global & FTSE Global Electricals Equipment with 5% Modified Cap Weighting. 2006 10(5% ) is for comparative purpose only. A-EUR A - 01.09.99 21.93 FIDFTEI LX LU0099574567 A-ACC-USD A -- 09.04.14 20.29 FFGTAAU LX LU1046421795 A-ACC-USD (H) A --() 03.06.15 16.70 FFGTUAA LX LU1235294995 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-EUR A - 22.8 33.8 21.5 19.8 19.4 A-ACC-USD A -- - - 9.0 16.5 36.1 A-ACC-USD (H) A --() - - - 17.8 33.2 21.0 31.2 15.0 15.6 24.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44045_May18.pdf Morningstar Rating Fidelity s Global Telecommunications This fund invests primarily in equity securities of companies throughout the world which are involved in the development, manufacture or sale of telecommunications services or equipment. The fund is subject to investment, equities, emerging markets, foreign currency, holdings concentration and telecommunication sector risks. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Rupert Gifford Aditya Shivram Reference Currency EUR Size EUR82m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 30 Fidelity Code 1068 Performance (rebased to 100) (100) Investment Objective The fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world which are involved in the development, manufacture or sale of telecommunications services or equipment. Cumulative Performance (%) 3 6 A-EUR A - -6.8-0.5-7.3-12.0-13.7 19.4 14.2 A-ACC-EUR A -- -6.8-0.5-7.3-12.0-13.8 19.4 64.9-6.9-1.5-6.0-10.3-10.5 27.6 19.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - MSCI AC World Telecommunications (Net) () Top 10 Positions (%) Company VERIZON COMMUNICATIONS INC AT&T INC DEUTSCHE TELEKOM AG CHINA MOBILE LTD SOFTBANK GROUP CORP ORANGE KDDI CORP NIPPON TELEG & TEL CORP SINGAPORE TELECOM LTD BT GROUP PLC Sector Telecommunication Services 9.9 16.0 Telecommunication Services 9.5 16.1 Telecommunication Services 7.3 4.2 Telecommunication Services 6.7 4.4 Telecommunication Services 6.3 4.8 Telecommunication Services 4.9 2.8 Telecommunication Services 4.9 4.0 Telecommunication Services 4.9 2.6 Telecommunication Services 4.5 1.6 Telecommunication Services 4.4 1.9 Geographical Exposure (%) Country USA 22.5 35.6 Japan 16.0 14.3 China 9.1 5.8 United Kingdom 8.7 7.4 Germany 7.3 4.7 France 5.8 3.1 Singapore 4.5 1.7 Hong Kong 4.3 0.6 New Zealand 2.8 0.4 Netherlands 2.5 0.7 Other Countries 14.9 25.6 Cash* 1.5 Sector Exposure (%) Sector Telecommunication Services 95.5 100.0 1.2 0.0 Consumer Discretionary 0.9 0.0 Real Estate 0.9 0.0 Cash* 1.5 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44045_May18.pdf Fidelity s Global Telecommunications Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 10.38 10.17 Beta (3 years) (3 ) 0.97 - Sharpe Ratio (3 years) (3 ) -0.44-0.33 Price / earnings ratio (x) 14.6 15.0 Price / book ratio (x) 1.7 1.7 Active Money (%) 40.6 - Market : MSCI AC World Telecommunications (Net) () Prior to Oct 06, FTSE Global Telecommunication Services with 5% Modified Cap Weighting. 2006 10(5 ) is for comparative purpose only. A-EUR A - 01.09.99 9.65 FIDFTLI LX LU0099575291 A-ACC-EUR A -- 25.09.06 16.49 FFTFAEA LX LU0261951957 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-EUR A - 21.0 9.9 11.6 0.5-5.0 A-ACC-EUR A -- 21.0 9.9 11.6 0.5-5.0 18.2 11.8 9.0 8.2-5.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44009_May18.pdf Fidelity s Greater China This fund invests primarily in Greater China equity securities. The fund is subject to investment, equities, foreign currency, RMB currency risks and risks of investing in emerging markets and risks specific to Hong Kong, Taiwan and the PRC market. The fund s investments are concentrated in Hong Kong, China and Taiwan and the value of the fund may be more volatile. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2015, Equity Greater China - 5 years# 2015-5 Morningstar Rating "QFII"A A A ( ) () Equity Details Manager Raymond Ma Reference Currency USD Size US$793m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 108 Fidelity Code 1022 Performance (rebased to 100) (100) Investment Objective The fund invests principally in equity securities quoted on stock exchanges in Hong Kong, China and Taiwan. The fund may invest its net assets directly in China A and B Shares. AB Cumulative Performance (%) 3 6 A-USD A - 4.5-0.1 6.9 29.1 32.4 86.4 3172.3 2.8-1.5 4.7 22.6 23.9 66.1 2613.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI Golden Dragon (Net) () Top 10 Positions (%) Company TENCENT HLDGS LTD ALIBABA GROUP HOLDING LTD TAIWAN SEMICONDUCTR MFG CO LTD INDUSTRIAL & COML BK CHINA AIA GROUP LTD KWEICHOW MOUTAI CO LTD CHINA PAC INS GROUP CO LTD CHINA PETROLEUM & CHEM CORP CHINA LIFE INSURANCE CO LTD CNOOC LTD Sector 9.1 10.2 8.9 8.1 7.9 6.5 4.2 2.2 4.1 3.9 Consumer Staples 1.9 0.0 1.9 0.4 Energy 1.7 0.9 1.6 0.7 Energy 1.6 1.1 Geographical Exposure (%) Country China 67.1 59.9 Hong Kong 14.1 17.9 Taiwan 12.2 21.7 United Kingdom 0.9 0.0 Singapore 0.4 0.5 Cash* 5.3 Sector Exposure (%) Sector 34.4 37.4 17.9 23.6 Consumer Discretionary 10.2 8.4 Health Care 5.8 1.9 Industrials 5.7 5.0 Real Estate 5.1 7.9 Consumer Staples 4.9 2.4 Energy 4.5 3.3 Utilities 2.3 3.4 Telecommunication Services 2.1 3.6 Materials 1.7 3.0 Cash* 5.3 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44009_May18.pdf Fidelity s Greater China Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 17.37 16.96 Beta (3 years) (3 ) 1.02 - Sharpe Ratio (3 years) (3 ) 0.53 0.40 Price / earnings ratio (x) 18.4 14.1 Price / book ratio (x) 2.2 1.8 Active Money (%) 45.5 - Market : MSCI Golden Dragon (Net) () is for comparative purpose only. A-USD A - 01.10.90 266.00 FIDLHKI LX LU0048580855 A: distributing share class. A Calendar Year Performance (%) A-USD A - 14.2 6.8-3.5 4.6 48.1 6.9 7.7-7.4 5.4 43.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44031_May18.pdf Morningstar Rating Fidelity s Iberia / This fund invests primarily in Spanish and Portuguese equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Spain and Portugal and the value of the fund may be more volatile. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Fabio Riccelli Karoline Rosenberg Reference Currency EUR Size EUR646m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 31 Fidelity Code 1023 Performance (rebased to 100) (100) Investment Objective The fund invests principally in Spanish and Portuguese equity securities. Cumulative Performance (%) 3 6 A-EUR A - 0.1 2.2-0.6-3.7 5.8 50.5 1263.7 A-ACC-EUR A -- 0.1 2.1-0.6-3.7 5.8 50.5 70.2-3.2-1.9-5.1-7.7-4.2 27.0 718.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - 80% MSCI Spain (Net) / 20% MSCI Portugal (Net) 80% () / 20% () Top 10 Positions (%) Company AMADEUS IT GROUP SA INDUSTRIA DE DISENO TXTL IN SA GRIFOLS SA IBERDROLA SA BANCO SANTANDER SA CAIXABANK SA PROSEGUR COMP SECURIDAD SA GRUPO CATALANA OCCIDENTE SA BANCO DE SABADELL SA FERROVIAL SA Sector 10.5 6.4 Consumer Discretionary 9.3 6.3 Health Care 8.8 1.6 Utilities 7.3 7.6 4.2 15.9 4.2 2.8 Industrials 3.9 0.0 3.8 0.0 3.8 1.7 Industrials 3.2 1.9 Geographical Exposure (%) Country Spain 91.1 78.6 United Kingdom 3.1 0.0 France 2.2 0.0 Portugal 1.9 21.4 Cash* 1.7 Sector Exposure (%) Sector Industrials 23.6 7.8 Consumer Discretionary 17.8 6.3 16.0 31.4 Health Care 11.1 1.6 10.5 6.4 Utilities 9.2 20.8 Materials 4.8 0.0 Consumer Staples 3.1 3.8 Real Estate 2.2 0.0 Telecommunication Services 0.0 7.6 Energy 0.0 14.3 Cash* 1.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44031_May18.pdf Fidelity s Iberia / Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 12.23 16.50 Beta (3 years) (3 ) 0.67 - Sharpe Ratio (3 years) (3 ) 0.18-0.07 Price / earnings ratio (x) 19.1 14.3 Price / book ratio (x) 2.0 1.4 Active Money (%) 62.0 - Market : 80% MSCI Spain (Net) / 20% MSCI Portugal (Net) 80% () / 20% () Prior to 31 May 02, the index was a composite index representing 80% of the returns from the MS P Spain (N) and 20% of the returns from the MS P Portugal (N). Prior to 31 Dec 01 was a composite index representing 80% of the returns from the Madrid Stk Exchange and 20% of the returns from the Lisbon BVL. 2001 12 31 80%20% BVL 2002 5 31 80%MS P ()20%MS P () is for comparative purpose only. A-EUR A - 01.10.90 74.07 FIDLIBI LX LU0048581077 A-ACC-EUR A -- 25.09.06 17.02 FFIFAEA LX LU0261948904 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-EUR A - 32.7-3.4 15.4-5.1 14.5 A-ACC-EUR A -- 32.6-3.4 15.5-5.1 14.5 21.8-0.1-2.4 3.0 11.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
47621_May18.pdf Morningstar Rating Fidelity s India Focus This fund invests primarily in Indian equity securities. The fund is subject to investment, equities, foreign currency risks and risk of investing in emerging markets specific to the India market. The fund s investments are concentrated in India and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Amit Goel Reference Currency USD Size US$1,742m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 61 Fidelity Code 1009 Performance (rebased to 100) (100) Investment Objective The fund aims to provide long- term growth, principally through investment in equity securities of Indian companies listed in India, as well as securities in non-indian companies which have a significant portion of their activities in India. Cumulative Performance (%) 3 6 A-USD A - -4.1 0.0-0.2 8.8 23.3 70.1 379.7 A-EUR A - -1.2 4.7 1.8 4.8 16.1 89.3 400.0-6.6-3.2-2.0 6.8 18.8 46.4 419.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI India (Net) (capped 8%) ()(8%) Top 10 Positions (%) Company HOUSING DEV FINANCE CORP LTD RELIANCE INDUSTRIES LTD HDFC BANK LTD TATA CONSULTANCY SERVICES LTD MARUTI SUZUKI INDIA LTD ITC LTD MAHINDRA & MAHINDRA LTD LARSEN & TOUBRO LTD INFOSYS LTD ICICI BANK LTD Sector 8.6 8.1 Energy 8.1 8.0 7.9 0.0 5.6 5.4 Consumer Discretionary 3.9 3.1 Consumer Staples 3.9 3.1 Consumer Discretionary 3.8 2.3 Industrials 3.7 2.2 3.0 7.3 2.6 2.3 Geographical Exposure (%) Country India 98.1 100.0 USA 0.0 0.0 Cash* 1.9 Sector Exposure (%) Sector 29.2 23.0 Consumer Discretionary 15.3 12.0 11.5 16.6 Industrials 8.9 6.3 Energy 8.7 12.3 Consumer Staples 8.1 10.8 Materials 6.3 9.3 Telecommunication Services 3.1 2.5 Health Care 3.0 5.2 Utilities 2.5 2.0 Real Estate 1.4 0.0 Cash* 1.9 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
47621_May18.pdf Fidelity s India Focus Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 16.12 16.76 Beta (3 years) (3 ) 0.93 - Sharpe Ratio (3 years) (3 ) 0.41 0.32 Price / earnings ratio (x) 24.1 20.3 Price / book ratio (x) 3.2 2.8 Active Money (%) 46.3 - Market : MSCI India (Net) (capped 8%) ()(8%) is for comparative purpose only. A-USD A - 23.08.04 47.97 FIDINAD LX LU0197229882 A-EUR A - 23.08.04 50.00 FIDINAE LX LU0197230542 A: distributing share class. A Calendar Year Performance (%) A-USD A - -6.0 36.2-3.4-0.9 39.4 A-EUR A - -10.1 55.1 7.6 2.0 22.4-3.5 24.6-6.4-1.0 38.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44020_May18.pdf Morningstar Rating Fidelity s Indonesia This fund invests primarily in Indonesian equity securities. The fund is subject to investment, equities, foreign currency risks and risks of investing in emerging markets specific to the Indonesia market. The fund s investments are concentrated in Indonesia and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Gillian Kwek Reference Currency USD Size US$358m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 35 Fidelity Code 1052 Performance (rebased to 100) (100) Investment Objective The fund invests principally in Indonesian equity securities. Cumulative Performance (%) 3 6 A-USD A - -11.9-11.2-5.6-5.3 2.0-22.9 173.8-10.0-12.3-3.5-3.6 3.3-20.4 85.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI Indonesia IMI (Net) Capped at 8% ()(8%) Top 10 Positions (%) Company BANK CENTRAL ASIA TBK PT BK MANDIRI PERSERO TBK PT BANK RAKYAT INDONESIA TBK PT TELEKOMUNIKASI INDO PT (DEMAT) UNITED TRACTORS TBK PT ASTRA INTL TBK PT GUDANG GARAM PT PERUSAHAAN UNILEVER INDONESIA TBK PT INDOFOOD SUKSES MAKMUR TBK HANJAYA MANDALA SAMPOERNA Sector 9.6 8.1 8.8 7.9 8.1 7.9 Telecommunication Services 7.1 7.9 Energy 5.0 4.1 Consumer Discretionary 4.6 8.0 Consumer Staples 4.6 2.3 Consumer Staples 4.4 4.8 Consumer Staples 3.7 2.2 Consumer Staples 3.6 2.4 Geographical Exposure (%) Country Indonesia 89.0 100.0 Singapore 4.1 0.0 Hong Kong 1.0 0.0 Cash* 6.0 Sector Exposure (%) Sector 31.8 32.0 Consumer Staples 21.7 17.2 Consumer Discretionary 11.3 13.1 Real Estate 7.4 5.6 Energy 7.2 9.5 Telecommunication Services 7.1 9.4 Industrials 3.1 3.9 Health Care 3.0 2.4 Materials 1.5 5.3 Utilities 0.0 1.6 Cash* 6.0 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44020_May18.pdf Fidelity s Indonesia Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 19.49 20.35 Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) 0.00 0.02 Price / earnings ratio (x) 15.9 15.8 Price / book ratio (x) 2.5 2.3 Active Money (%) 33.6 - Market : MSCI Indonesia IMI (Net) Capped at 8% ()(8%) Prior to 31 Oct 10, Jakarta Composite. 2010 10 31 is for comparative purpose only. A-USD A - 05.12.94 26.45 FIDINDI LX LU0055114457 A: distributing share class. A Calendar Year Performance (%) A-USD A - -21.8 24.4-20.8 14.4 18.7-23.8 25.4-22.4 16.8 18.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44015_May18.pdf Morningstar Rating Fidelity s International This fund invests primarily in equity securities throughout the world including major markets and smaller emerging markets. The fund is subject to investment, equities, emerging markets and foreign currency risks. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility)., ( ) () Equity Details Manager Nick Peters Ayesha Akbar Reference Currency USD Size US$2,032m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Fidelity Code 1024 Performance (rebased to 100) (100) A-USD A - MSCI World (Net) () Top 10 Positions (%) Company ORACLE CORP ABBOTT LABORATORIES ALPHABET INC WILLIS TOWERS WATSON PLC BERKSHIRE HATHAWAY INC DEL MICROSOFT CORP ROYAL DUTCH SHELL PLC CISCO SYSTEMS INC VERIZON COMMUNICATIONS INC PFIZER INC Sector 1.5 0.4 Health Care 1.2 0.3 1.2 1.7 1.0 0.0 1.0 0.6 0.9 1.8 Energy 0.9 0.7 0.8 0.5 Telecommunication Services 0.8 0.5 Health Care 0.8 0.5 Investment Objective The fund invests principally in equities in markets throughout the world including major markets and smaller emerging markets. Cumulative Performance (%) 3 6 A-USD A - -0.5-1.4 1.0 9.1 16.6 47.5 479.7 A-EUR A - 2.5 3.2 3.0 5.0 9.9 64.2 163.2 A-ACC-USD A -- -0.6-1.4 1.0 9.1 16.6 47.5 77.1 0.5-0.4 1.8 11.6 24.7 56.7 521.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country USA 58.5 60.3 Japan 9.1 9.0 United Kingdom 8.0 5.7 Canada 4.7 3.4 Germany 3.5 3.5 France 3.2 3.9 Netherlands 2.3 1.8 Switzerland 1.5 2.7 Spain 1.4 1.1 China 1.0 0.1 Other Countries 6.9 8.6 Sector Exposure (%) Sector 18.8 18.5 16.2 17.1 Health Care 11.8 11.9 Industrials 10.4 11.5 Consumer Discretionary 8.1 12.8 Energy 5.1 6.6 Consumer Staples 4.7 8.1 Materials 4.1 5.2 Utilities 2.4 2.9 Telecommunication Services 1.7 2.5 Real Estate 0.9 3.0 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. /
44015_May18.pdf Fidelity s International Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 10.35 10.58 Beta (3 years) (3 ) 0.96 - Sharpe Ratio (3 years) (3 ) 0.45 0.67 A-USD A - 31.12.91 57.57 FIDLINI LX LU0048584097 A-EUR A - 16.02.04 49.35 FIDINTA LX LU0069451390 A-ACC-USD A -- 03.07.06 17.71 FIDINAA LX LU0251132253 A: distributing share class. A-ACC: accumulating share class. A A - Market : MSCI World (Net) () Prior to 31 Dec 97, FTSE World. 1997 12 31 is for comparative purpose only. Calendar Year Performance (%) A-USD A - 28.0 6.0-0.9 4.7 19.1 A-EUR A - 22.5 20.7 10.5 7.8 4.6 A-ACC-USD A -- 28.0 6.0-0.9 4.8 19.1 26.7 4.9-0.9 7.5 22.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44032_May18.pdf Morningstar Rating Fidelity s Italy This fund invests primarily in Italian equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Italy and the value of the fund may be more volatile. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Alberto Chiandetti Andrea Fornoni Reference Currency EUR Size EUR574m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 42 Fidelity Code 1025 Performance (rebased to 100) (100) Investment Objective The fund aims to provide long-term capital growth by investing principally in Italian equity securities. (Please refer to the offering document for the details of Portfolio Information) ( ) Cumulative Performance (%) 3 6 A-EUR A - -0.2-2.5-1.5 3.1-2.8 43.8 769.1 0.6-2.1-1.5 6.6 0.2 51.4 339.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-EUR A - FTSE Italia All Share (Net) () Top 10 Positions (%) Company INTESA SANPAOLO SPA UNICREDIT SPA ENI SPA ENEL SOCIETA PER AZIONI STMICROELECTRONICS NV SAIPEM SPA FIAT CHRYSLER AUTOMOBILES NV CNH INDUSTRIAL NV FERRARI NV ATLANTIA SPA Sector 8.9 8.7 8.8 8.0 Oil & Gas 7.3 9.9 Utilities 7.0 9.3 Technology 5.0 3.3 Oil & Gas 4.5 0.5 Consumer Goods 4.1 5.4 Industrials 3.7 2.5 Consumer Goods 3.6 3.6 Industrials 3.1 3.4 Geographical Exposure (%) Country Italy 99.6 96.7 France 0.0 3.3 Cash* 0.4 Sector Exposure (%) Sector 34.8 33.4 Industrials 17.4 11.8 Consumer Goods 12.9 16.8 Oil & Gas 11.9 11.0 Utilities 8.4 15.3 Technology 5.0 3.9 Health Care 3.8 1.9 Consumer Services 3.8 1.5 Basic Materials 1.7 1.9 Telecommunications 0.0 2.4 Cash* 0.4 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44032_May18.pdf Fidelity s Italy Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 16.34 19.10 Beta (3 years) (3 ) 0.83 - Sharpe Ratio (3 years) (3 ) -0.04 0.02 Price / earnings ratio (x) 15.5 13.1 Price / book ratio (x) 1.2 1.2 Active Money (%) 41.9 - Market : FTSE Italia All Share (Net) () Prior to 1 Jun 17, the index was MSCI Italy 10/40 (N). Prior to 29 May 09 was Milan MIB Telematico (G). Prior to 29 Jul 05 was MSCI Italy (N). Prior to 31 May 02 was MS P Italy (N). Prior to 31 Dec 01 was Milan Banca Commerciale Italiana. 2017 6 1 10/40() 2009 5 31MIB Tel () 2005 7 29 () 2002 5 31MSP () 2001 12 31 is for comparative purpose only. A-EUR A - 01.10.90 38.28 FIDLITI LX LU0048584766 A: distributing share class. A Calendar Year Performance (%) A-EUR A - 32.7-2.3 21.1-8.6 13.3 24.1 5.5 16.2-6.8 15.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
46919_May18.pdf Morningstar Rating Fidelity s Japan Advantage This fund invests primarily in Japanese equity securities and will primarily invest in equity securities of companies Fidelity considers to be undervalued. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Japan and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Ronald Slattery Reference Currency JPY Size JP 51,405m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 87 Fidelity Code 1047 Performance (rebased to 100) (100) A-JPY A - TOPIX Total Return TOPIX Top 10 Positions (%) Company KOMATSU LTD TOKIO MARINE HOLDINGS INC TDK CORP KDDI CORP MAKITA CORP SUMITOMO MITSUI FINL GRP INC MISUMI GROUP INC SHIMADZU CORP MARUI GROUP CO LTD RECRUIT HOLDINGS CO LTD Sector Machinery 5.0 0.7 Insurance 4.2 0.8 Electric Appliances 4.1 0.2 Information & Communication 4.0 1.0 Machinery 3.4 0.3 Banks 3.2 1.3 Wholesale Trade 2.9 0.1 Precision Instruments 2.9 0.1 Retail Trade 2.5 0.1 Services 2.3 0.9 Investment Objective The fund invests principally in equity securities of Japanese companies listed on a Japanese stock exchange, including those listed on regional stock exchanges in Japan and on the Tokyo overthecounter market. The fund will primarily invest in equity securities of companies Fidelity considers to be undervalued. Cumulative Performance (%) 3 6 A-JPY A - -5.5-2.6-4.4 15.3 12.9 55.9 260.9 A-ACC-JPY A -- -5.5-2.6-4.4 15.3 12.9 56.0 107.3 A-EUR (H) A -() -5.9-2.8-5.0 14.3 8.9 47.2 88.9 A-ACC-USD (H) A --() -4.9-2.2-3.6 16.8 12.2-34.8-2.9-0.3-1.4 13.8 11.3 61.1 217.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country Japan 95.9 100.0 Cash* 4.1 Sector Exposure (%) Sector Electric Appliances 18.6 13.6 Machinery 17.7 5.3 Information & Communication 8.8 7.4 Insurance 6.8 2.3 Wholesale Trade 6.8 4.8 Chemicals 5.3 7.5 Banks 5.2 6.8 Retail Trade 4.5 5.0 Transportation Equipment 3.3 8.5 Precision Instruments 2.9 1.7 Other Sectors 15.9 37.0 Cash* 4.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
46919_May18.pdf Fidelity s Japan Advantage Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 17.06 15.59 Beta (3 years) (3 ) 1.01 - Sharpe Ratio (3 years) (3 ) 0.24 0.23 Price / earnings ratio (x) 14.9 14.3 Price / book ratio (x) 1.6 1.4 Active Money (%) 76.9 - A-JPY A - 30.01.03 35627.00 FIDJPAD LX LU0161332480 A-ACC-JPY A -- 18.09.09 2073.00 FIDJAAJ LX LU0413544379 A-EUR (H) A -() 28.03.11 18.57 FIDADEH LX LU0611489658 A-ACC-USD (H) A --() 10.01.14 13.48 FFJAAUH LX LU0997587083 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A(H): distributing hedged share class. A A -A -() () A () () Market : TOPIX Total Return TOPIX Prior to 31 Jan 15, the index was MSCI Japan Value (Net). Prior to 30 Sep 12 was Russell/Nomura Total Market Value. 2015 1 31() 2012 9 30 / is for comparative purpose only. Calendar Year Performance (%) A-JPY A - 43.9 3.7 8.3-3.4 33.8 A-ACC-JPY A -- 43.9 3.7 8.2-3.4 33.8 A-EUR (H) A -() 41.2 2.7 7.8-5.3 32.6 A-ACC-USD (H) A --() - - 7.2-4.5 34.8 47.7 7.5 11.4 0.3 22.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44008_May18.pdf Fidelity s Japan This fund invests principally in Japanese equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Japan and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Takuya Furuta Reference Currency JPY Size JP 35,407m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 85 Fidelity Code 1026 Performance (rebased to 100) (100) Investment Objective The fund invests principally in Japanese equity securities. Cumulative Performance (%) 3 6 A-JPY A - -3.5-0.6-2.4 10.1-1.0 43.5 53.4 A-ACC-USD (H) A --() -3.0-0.2-1.7 11.6-1.7-24.3-2.9-0.3-1.4 13.8 11.3 70.3 66.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-JPY A - TOPIX Total Return TOPIX Top 10 Positions (%) Company KEYENCE CORP SMC CORP RECRUIT HOLDINGS CO LTD TOKIO MARINE HOLDINGS INC SUZUKI MTR CORP NIDEC CORP MAKITA CORP NOF CORP KOITO MANUFACTURING CO LTD DAIKIN INDUSTRIES LTD Sector Electric Appliances 5.0 1.3 Machinery 4.3 0.5 Services 4.0 0.9 Insurance 4.0 0.8 Transportation Equipment 3.6 0.5 Electric Appliances 3.5 0.8 Machinery 3.5 0.3 Chemicals 3.4 0.1 Electric Appliances 3.3 0.2 Machinery 2.8 0.7 Geographical Exposure (%) Country Japan 99.3 100.0 Cash* 0.7 Sector Exposure (%) Sector Electric Appliances 17.6 13.6 Machinery 14.1 5.3 Chemicals 11.0 7.5 Services 10.3 4.5 Information & Communication 10.2 7.4 Insurance 6.9 2.3 Wholesale Trade 6.6 4.8 Transportation Equipment 5.2 8.5 Retail Trade 4.6 5.0 Construction 2.9 3.1 Other Sectors 10.0 38.0 Cash* 0.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44008_May18.pdf Fidelity s Japan Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 15.59 15.59 Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) -0.02 0.23 Price / earnings ratio (x) 16.7 14.3 Price / book ratio (x) 2.2 1.4 Active Money (%) 81.8 - Market : TOPIX Total Return TOPIX is for comparative purpose only. A-JPY A - 01.10.90 203.10 FIDLJPI LX LU0048585144 A-ACC-USD (H) A --() 10.01.14 12.43 FFJYAUH LX LU0997586945 A: distributing share class. A-ACC(H): accumulating hedged share class. A A -() () Calendar Year Performance (%) A-JPY A - 45.4 7.3 8.2-6.4 19.7 A-ACC-USD (H) A --() - - 7.3-7.5 20.6 54.4 10.3 12.1 0.3 22.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44014_May18.pdf Morningstar Rating Fidelity s Japan Smaller Companies This fund invests primarily in Japanese smaller and emerging companies equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Japan and the value of the fund may be more volatile. The fund invests in small and medium sized companies which may subject to more abrupt fluctuations in market price than larger companies. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility)., ( ) () Equity Details Manager Jun Tano Reference Currency JPY Size JP 15,492m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 102 Fidelity Code 1027 Performance (rebased to 100) (100) Investment Objective The fund invests principally in smaller and emerging companies in Japan, including those listed on regional stock exchanges in Japan and on the Tokyo over-the-counter market. Cumulative Performance (%) 3 6 A-JPY A - -4.9-2.9-3.2 18.2 23.0 91.5 152.7 A-ACC-USD (H) A --() -4.5-2.6-2.6 19.6 22.6-58.4-2.5 0.7-0.4 15.6 19.4 86.8 143.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-JPY A - Russell/Nomura Mid Small Cap Japan with dividends / Top 10 Positions (%) Company MISUMI GROUP INC MAKITA CORP SUZUKI MTR CORP SHIMADZU CORP T&D HOLDINGS INC HITACHI CONST MACH CO LTD DAIFUKU CO LTD NIDEC CORP OTSUKA CORPORATION DISCO CORP Sector Wholesale Trade 5.0 0.3 Machinery 4.2 0.5 Transportation Equipment 3.8 0.0 Precision Instruments 3.7 0.3 Insurance 2.9 0.4 Machinery 2.5 0.2 Machinery 2.4 0.2 Electric Appliances 2.3 0.0 Information & Communication 2.2 0.2 Machinery 2.2 0.3 Geographical Exposure (%) Country Japan 98.9 100.0 Cash* 1.1 Sector Exposure (%) Sector Machinery 23.0 6.0 Electric Appliances 15.9 9.6 Wholesale Trade 8.9 4.2 Retail Trade 7.9 8.5 Chemicals 6.7 8.2 Transportation Equipment 6.6 4.0 Information & Communication 4.5 5.6 Precision Instruments 4.3 2.6 Other Financing Business 3.6 1.5 Insurance 3.5 0.7 Other Sectors 14.0 49.3 Cash* 1.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44014_May18.pdf Fidelity s Japan Smaller Companies Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 16.59 14.64 Beta (3 years) (3 ) 1.01 - Sharpe Ratio (3 years) (3 ) 0.43 0.42 Price / earnings ratio (x) 19.4 16.4 Price / book ratio (x) 2.2 1.4 Active Money (%) 85.5 - Market : Russell/Nomura Mid Small Cap Japan with dividends / Prior to Apr 03, the index was TOPIX Second Section (DTR). Prior to Jun 93 was TOPIX Second Section (Price). 2003 4 ( ) 1993 6 () is for comparative purpose only. A-JPY A - 06.12.91 2495.00 FIDJSCI LX LU0048587603 A-ACC-USD (H) A --() 10.01.14 15.84 FFJSAUH LX LU0997587166 A: distributing share class. A-ACC(H): accumulating hedged share class. A A -() () Calendar Year Performance (%) A-JPY A - 62.1 10.2 15.3-4.1 38.3 A-ACC-USD (H) A --() - - 14.2-4.8 39.4 53.3 14.8 15.1 1.1 25.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44018_May18.pdf Fidelity s Latin America This fund invests primarily in Latin American equity securities. The fund is subject to investment, equities, foreign currency risks and risks of investing in emerging markets specific to the Latin America market. The fund s investments are concentrated in Latin America and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Morningstar Rating Lipper Awards Hong Kong 2017, Equity Emerging Markets Latin America - 10 years# 2017-10 Lipper Awards Hong Kong 2013, Equity Emerging Markets Latin America - 5 years# 2013-5 ( ) () Equity Details Manager Angel Ortiz Reference Currency USD Size US$1,147m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 55 Fidelity Code 1050 Performance (rebased to 100) (100) Investment Objective The fund invests principally in securities of Latin American issuers. Cumulative Performance (%) 3 6 A-USD A - -10.8-18.5-7.0 1.3 5.9-22.3 270.4-8.3-16.0-4.3 3.7 10.8-14.8 547.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI EM Latin America (Net) () Top 10 Positions (%) Company ITAU UNIBANCO HOLDING SA PETROLEO BRASILEIRO- PETROBRAS FOMENTO ECO MEX SAB DE CV NEW AMBEV SA B3 SA BRASIL BOLSA BALCAO ITAUSA INVESTIMENTOS ITAU SA VALE SA GRUPO FINANC BANORTE SAB DE CV CREDICORP LTD LOJAS RENNER SA Sector 8.1 6.5 Energy 7.2 6.5 Consumer Staples 6.5 2.8 Consumer Staples 5.9 4.3 4.7 2.1 4.6 2.1 Materials 4.6 7.5 4.0 2.3 3.9 2.6 Consumer Discretionary 3.6 1.0 Geographical Exposure (%) Country Brazil 62.9 57.0 Mexico 20.0 24.4 Peru 4.1 3.8 Chile 3.3 10.6 Argentina 2.9 0.0 USA 1.7 0.0 Colombia 0.0 4.2 Cash* 5.1 Sector Exposure (%) Sector 31.8 30.3 Materials 17.4 18.6 Consumer Staples 16.7 15.8 Consumer Discretionary 9.2 5.1 Energy 7.5 9.6 Industrials 4.8 6.0 Health Care 2.2 0.8 2.0 1.0 Telecommunication Services 1.9 6.3 Utilities 1.1 5.2 Real Estate 0.3 1.4 Cash* 5.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44018_May18.pdf Fidelity s Latin America Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 22.67 25.37 Beta (3 years) (3 ) 0.87 - Sharpe Ratio (3 years) (3 ) 0.06 0.11 Price / earnings ratio (x) 15.0 19.1 Price / book ratio (x) 1.7 1.9 Active Money (%) 50.8 - Market : MSCI EM Latin America (Net) () Prior to 30 Mar 16, MSCI EM Latin America 5% capped (Net). 2016 3 30() (5%) is for comparative purpose only. A-USD A - 09.05.94 31.90 FIDLLAI LX LU0050427557 A: distributing share class. A Calendar Year Performance (%) A-USD A - -12.1-12.1-29.3 21.1 27.3-12.1-11.1-30.8 31.1 23.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44002_May18.pdf Fidelity s Malaysia This fund invests primarily in Malaysian equity securities. The fund is subject to investment, equities, foreign currency risk and risk of investing in emerging markets specific to the Malaysia market. The fund s investments are concentrated in Malaysia and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Gillian Kwek Reference Currency USD Size US$89m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 57 Fidelity Code 1028 Performance (rebased to 100) (100) Investment Objective The fund invests principally in Malaysian equity securities. Cumulative Performance (%) 3 6 A-USD A - -1.1-7.2 3.9 8.4 1.9-11.8 572.7-2.4-8.0 3.4 7.6 0.4-14.1 223.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI IMI Malaysia (Net) () Top 10 Positions (%) Company PUBLIC BANK BHD MALAYAN BKG BERHAD CIMB GROUP HOLDINGS BERHAD TENAGA NASIONAL BERHAD KUALA LUMPUR KEPONG BHD PETRONAS CHEMICALS GROUP BHD TOP GLOVE CORP BHD VITROX CORP BHD GENTING BHD CARLSBERG BREWERY MALAY BHD Sector 9.8 11.6 8.8 7.0 5.8 4.6 Utilities 5.1 8.2 Consumer Staples 4.2 2.0 Materials 3.0 3.2 Health Care 3.0 1.3 2.9 0.0 Consumer Discretionary 2.8 3.4 Consumer Staples 2.5 0.5 Geographical Exposure (%) Country Malaysia 97.2 100.0 Singapore 0.1 0.0 Cash* 2.7 Sector Exposure (%) Sector 33.6 29.9 Consumer Staples 12.9 11.8 Industrials 8.9 9.5 Utilities 7.9 11.4 Real Estate 7.5 4.8 Consumer Discretionary 5.6 8.1 5.4 2.1 Materials 4.9 4.9 Health Care 4.5 5.7 Telecommunication Services 3.7 7.3 Energy 2.6 4.6 Cash* 2.7 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44002_May18.pdf Fidelity s Malaysia Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 16.16 16.90 Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) 0.00-0.03 Price / earnings ratio (x) 16.2 15.8 Price / book ratio (x) 1.7 1.7 Active Money (%) 39.9 - Market : MSCI IMI Malaysia (Net) () Prior to 5 Jul 09, Kuala Lumpur Stock Exchange Composite. 2009 7 5 is for comparative purpose only. A-USD A - 01.10.90 43.12 FIDLMAI LX LU0048587868 A: distributing share class. A Calendar Year Performance (%) A-USD A - 8.3-8.5-18.3-5.0 26.7 8.1-10.6-18.6-3.9 26.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44010_May18.pdf Fidelity s Nordic This fund invests primarily in equity securities in Finland, Norway, Denmark and Sweden. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Nordic region and the value of the fund may be more volatile. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Bertrand Puiffe Reference Currency SEK Size SEK6,301m ( ) Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 39 Fidelity Code 1029 Performance (rebased to 100) (100) A-SEK A - FTSE Nordic Top 10 Positions (%) Company BORR DRILLING LTD BW OFFSHORE LTD AP MOLLER MAERSK AS GETINGE AB SCHIBSTED AS FJORD1 ASA STOLT NIELSEN LTD SOLAR HOLDING AS FLSMIDTH & CO A/S KONECRANES OYJ Sector Oil & Gas 5.4 0.0 Oil & Gas 5.2 0.0 Industrials 4.4 1.8 Health Care 4.1 0.2 Consumer Services 3.5 0.6 Industrials 3.4 0.0 Industrials 3.3 0.0 Industrials 3.3 0.0 Industrials 3.0 0.0 Industrials 3.0 0.0 Investment Objective The fund invests principally in equity securities quoted on the stock exchanges in Finland, Norway, Denmark and Sweden. Cumulative Performance (%) 3 6 A-SEK A - 3.4 2.7 5.3 5.7 37.5 110.3 3039.2 A-ACC-SEK A -- 3.4 2.7 5.3 5.7 37.5 110.3 159.8 A-ACC-USD (H) A --() 0.6 1.9 3.5 4.8 38.1-64.1 6.5 3.0 5.5 6.8 18.8 87.3 1876.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country Sweden 39.5 43.4 Norway 27.9 11.4 Finland 16.7 17.8 Denmark 15.6 27.4 Cash* 0.3 Sector Exposure (%) Sector Industrials 54.8 23.9 Consumer Services 14.7 2.9 Oil & Gas 10.7 6.6 Consumer Goods 7.2 8.2 Health Care 6.6 15.5 2.9 22.2 Telecommunications 2.9 4.2 Technology 0.0 7.5 Basic Materials 0.0 6.9 Utilities 0.0 2.2 Cash* 0.3 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44010_May18.pdf Fidelity s Nordic Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 12.91 - Beta (3 years) (3 ) 0.91 - Sharpe Ratio (3 years) (3 ) 0.92 - Price / earnings ratio (x) 24.3 18.6 Price / book ratio (x) 1.4 2.4 Active Money (%) 96.5 - Market : FTSE Nordic is for comparative purpose only. A-SEK A - 01.10.90 1390.00 FIDLNDI LX LU0048588080 A-ACC-SEK A -- 25.09.06 129.90 FFNFAEA LX LU0261949381 A-ACC-USD (H) A --() 10.01.14 16.41 FFNDAUH LX LU0997586861 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A A -A -() () Calendar Year Performance (%) A-SEK A - 37.3 6.3 4.4 32.1 15.6 A-ACC-SEK A -- 37.3 6.3 4.4 32.0 15.7 A-ACC-USD (H) A --() - - 7.9 27.7 18.4 25.5 16.6 11.2 5.5 14.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44017_May18.pdf Fidelity s Pacific This fund invests primarily in equity securities in the Asia Pacific region, primarily including, but not limited to, Japan, Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand. The fund is subject to investment, equities, emerging markets, foreign currency and RMB currency risk. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect which may be subject to quota limitations and regulatory risk. This fund can invest in derivative instruments which may involve additional risks. (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2017, Equity Asia Pacific - 5 years# 2017 5 - Lipper Awards Hong Kong 2016, Equity Asia Pacific - 5 years# 2016 5 - Lipper Awards Hong Kong 2016, Equity Asia Pacific - 3 years# 2016 3 - Lipper Awards Hong Kong 2015, Equity Asia Pacific - 3 years# 2015 3 - Morningstar Rating Morningstar Award (Hong Kong) 2014, Best Asia-Pacific Equity # Morningstar () 2014, "QFII"A A A ( ) () Equity Details Manager Dale Nicholls Reference Currency USD Size US$2,629m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 218 Fidelity Code 1049 Performance (rebased to 100) (100) A-USD A - MSCI AC Pacific (Net) () Top 10 Positions (%) Company TENCENT HLDGS LTD ALIBABA GROUP HOLDING LTD SOFTBANK GROUP CORP UNIVERSAL ENTERTAINMENT CORP CHINA PAC INS GROUP CO LTD ORIX CORP AIA GROUP LTD HUTCHISON CHINA MEDITECH LTD KOH YOUNG TECHNOLOGY INC CLINUVEL PHARMACEUTICALS LTD Sector 3.6 3.3 2.9 2.6 Telecommunication Services 2.1 0.7 Consumer Discretionary 2.0 0.0 1.6 0.1 1.5 0.3 1.4 1.3 Health Care 1.1 0.0 1.1 0.0 Health Care 1.0 0.0 Investment Objective The fund invests principally in an actively managed portfolio of equities in the Asia Pacific region. The Asia Pacific region comprises countries including, but not limited to, Japan, Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand. The fund may invest its net assets directly in China A and B Shares. AB Cumulative Performance (%) 3 6 A-USD A - 1.1 0.0 4.3 19.8 23.2 61.9 299.0 A-ACC-EUR A -- 4.2 4.6 6.4 15.4 16.1 80.1 133.2 A-ACC-AUD (H) A --() 1.2 1.4 3.7 19.2 20.5-49.8 A-USD (H) A -() 1.3 1.4 3.9 19.2 - - 16.7 0.3-2.1 2.3 15.9 22.4 44.0 145.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country China 25.8 19.1 Japan 25.2 40.7 Australia 13.0 11.1 Hong Kong 7.3 5.7 Taiwan 6.3 6.9 Korea (South) 5.3 9.1 Indonesia 3.9 1.2 India 3.0 0.0 Philippines 2.3 0.6 Singapore 1.7 2.3 Other Countries 6.4 3.1 Cash* 0.0 Sector Exposure (%) Sector 24.5 21.5 Consumer Discretionary 20.2 12.5 18.0 20.3 Industrials 11.4 12.5 Health Care 8.4 5.4 Consumer Staples 4.2 6.3 Materials 3.8 6.6 Energy 3.3 2.8 Telecommunication Services 3.3 4.0 Real Estate 2.5 5.6 Utilities 0.6 2.5 Cash* 0.0 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44017_May18.pdf Fidelity s Pacific Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.23 13.15 Beta (3 years) (3 ) 1.03 - Sharpe Ratio (3 years) (3 ) 0.46 0.49 Price / earnings ratio (x) 23.6 13.8 Price / book ratio (x) 1.9 1.6 Active Money (%) 87.4 - A-USD A - 10.01.94 39.53 FIDLPFI LX LU0049112450 A-ACC-EUR A -- 02.06.08 23.32 FFPACIA LX LU0368678339 A-ACC-AUD (H) A --() 09.04.14 14.98 FFPAAAH LX LU1046420557 A-USD (H) A -() 03.06.15 11.67 FFPAAUH LX LU1235295612 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A(H): distributing hedged share class. A A -A -() () A () () Market : MSCI AC Pacific (Net) () is for comparative purpose only. Calendar Year Performance (%) A-USD A - 31.4 1.9-0.1 4.0 33.9 A-ACC-EUR A -- 25.7 16.0 11.4 7.0 17.6 A-ACC-AUD (H) A --() - - 3.1 4.0 29.0 A-USD (H) A -() - - - 3.0 28.3 12.7-0.9-1.8 5.2 31.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44000_May18.pdf Morningstar Rating Fidelity s Singapore This fund invests principally in Singapore equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Singapore and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Gillian Kwek Reference Currency USD Size US$64m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 44 Fidelity Code 1030 Performance (rebased to 100) (100) Investment Objective The fund invests principally in equity securities quoted on the stock exchange in Singapore. Cumulative Performance (%) 3 6 A-USD A - 1.3-2.4 1.1 11.3 10.4 11.3 604.4 0.5-2.6 0.9 12.0 12.9 13.1 687.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - FTSE ST All Share Custom (plus a 18% cap on Temasek Group and a 10% cap on single issuer) * (18% 10% )* Top 10 Positions (%) Company UNITED OVERSEAS BANK LTD DBS GROUP HLDGS LTD OVERSEA-CHINESE BKG CORP LTD SINGAPORE TELECOM LTD HONGKONG LAND LTD JARDINE STRATEGIC HOLDINGS LTD JARDINE MATHESON HOLDINGS LTD THAI BEVERAGE PUBLIC CO LTD SINGAPORE EXCHANGE LTD KEPPEL CORP LTD Sector 9.6 10.0 9.5 8.2 9.3 10.0 Telecommunications 5.3 3.9 4.7 3.8 Industrials 3.9 2.9 Industrials 3.9 5.8 Consumer Goods 3.2 2.5 3.0 2.0 Oil & Gas 2.8 1.8 Geographical Exposure (%) Country Singapore 78.2 87.2 Hong Kong 14.7 8.8 Thailand 3.2 2.5 China 0.0 1.3 Netherlands 0.0 0.1 Indonesia 0.0 0.1 Cash* 3.9 Sector Exposure (%) Sector 49.6 57.7 Industrials 18.5 15.8 Consumer Services 11.0 10.1 Consumer Goods 7.7 6.4 Telecommunications 5.3 4.5 Oil & Gas 3.1 2.4 Health Care 0.8 0.9 Technology 0.0 0.9 Basic Materials 0.0 0.2 1.0 Utilities 0.0 Cash* 3.9 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44000_May18.pdf Fidelity s Singapore Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.24 - Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) 0.19 - Price / earnings ratio (x) 11.0 11.3 Price / book ratio (x) 1.3 1.2 Active Money (%) 35.7 - Market : FTSE ST All Share Custom (plus a 18% cap on Temasek Group and a 10% cap on single issuer) * (18% 10% )* Prior to 9 Jan 08, the index was Singapore All Equities (Capped 15% on Temasek-related stocks). Prior to 29 Jun 07 was FTSE Singapore. 2008 1 9(15% ) 2007 6 29 * With effect from 10 January 2008, the underlying stocks in the custom index are re-weighted by Fidelity. 2008 1 10 is for comparative purpose only. A-USD A - 01.10.90 57.98 FIDLSGI LX LU0048588163 A: distributing share class. A Calendar Year Performance (%) A-USD A - 0.8 3.4-14.5 0.8 28.3-2.0 3.4-16.5 4.0 31.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44021_May18.pdf Fidelity s Switzerland This fund invests primarily in Swiss equities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in Switzerland and the value of the fund may be more volatile. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Andrea Fornoni Alberto Chiandetti Reference Currency CHF Size CHF257m ( ) Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 31 Fidelity Code 1060 Performance (rebased to 100) (100) Investment Objective The fund invests principally in Swiss equities. Cumulative Performance (%) 3 6 A-CHF A - -5.6-1.8-4.6 2.9 4.8 32.8 505.2 A-ACC-CHF A -- -5.7-1.8-4.6 2.9 4.8 32.8 38.5-7.0-1.8-6.4-2.9 1.9 23.7 336.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-CHF A - MSCI Switzerland (Net) () Top 10 Positions (%) Company ROCHE HOLDING LTD NESTLE SA NOVARTIS AG COMPAGNIE FIN RICHEM AG SWITZ ABB LTD LAFARGEHOLCIM LTD SIKA AG GIVAUDAN SA SGS SA LONZA GRP AG Sector Health Care 9.1 13.8 Consumer Staples 8.7 21.6 Health Care 7.2 15.1 Consumer Discretionary 5.6 4.4 Industrials 5.2 3.8 Materials 4.4 2.1 Materials 4.3 1.6 Materials 4.2 1.9 Industrials 3.9 1.3 Health Care 3.8 1.8 Geographical Exposure (%) Country Switzerland 99.2 100.0 Cash* 0.8 Sector Exposure (%) Sector Health Care 29.1 33.0 Industrials 20.3 9.4 18.1 19.4 Materials 12.9 6.6 Consumer Staples 8.7 23.3 Consumer Discretionary 7.6 6.7 2.5 0.0 Real Estate 0.0 0.6 Telecommunication Services 0.0 1.1 Cash* 0.8 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44021_May18.pdf Fidelity s Switzerland Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 11.45 11.24 Beta (3 years) (3 ) 0.97 - Sharpe Ratio (3 years) (3 ) 0.20 0.12 Price / earnings ratio (x) 27.1 24.8 Price / book ratio (x) 2.7 2.5 Active Money (%) 45.3 - Market : MSCI Switzerland (Net) () Prior to Jun 02, the index was MS P Switzerland. Prior to Dec 01 was a composite index representing 50% of returns from the Swiss Market and 50% of returns from the Switzerland Stock Market Medium Capitalisation. 2002 6MS P2001 12 50%50% is for comparative purpose only. A-CHF A - 13.02.95 59.64 FIDSWLI LX LU0054754816 A-ACC-CHF A -- 25.09.06 13.85 FFSFACA LX LU0261951288 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-CHF A - 32.4 8.0-1.3-4.8 25.5 A-ACC-CHF A -- 32.5 8.0-1.3-4.8 25.5 23.0 11.6 1.2-3.4 17.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44023_May18.pdf Fidelity s Taiwan This fund invests primarily in Taiwanese equities. The fund is subject to investment, equities, foreign currency risks and risk of investing in emerging markets specific to the Taiwan market. The fund s investments are concentrated in Taiwan and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Hyomi Jie Reference Currency USD Size US$67m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 35 Fidelity Code 1058 Performance (rebased to 100) (100) Investment Objective The fund invests principally in Taiwanese equities. Cumulative Performance (%) 3 6 A-USD A - -0.2-1.5 0.8 9.8 16.8 51.8 45.2 2.4-0.5 3.4 9.8 15.0 41.7 30.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - MSCI Taiwan (Net) 8% Capped ()(8%) Top 10 Positions (%) Company TAIWAN SEMICONDUCTR MFG CO LTD CTBC FINL HLDG CO LTD FUBON FINANCIAL HOLDING CO LTD LARGAN PRECISION CO LTD E SUN FINL HLDGS CO LTD MEDIATEK INC FORMOSA PLASTICS CORP HON HAI PRECISION IND CO LTD UNI-PRESIDENT ENTERPRISES CORP FORMOSA CHEMICALS & FIBRE CORP Sector 9.5 8.1 6.4 2.8 5.5 2.5 5.5 3.0 5.3 1.4 5.2 3.4 Materials 4.8 3.2 4.5 7.8 Consumer Staples 4.1 2.6 Materials 4.0 2.5 Geographical Exposure (%) Country Taiwan 96.9 100.0 Singapore 0.8 0.0 Cash* 2.3 Sector Exposure (%) Sector 47.0 47.1 24.3 22.3 Materials 9.8 12.5 Consumer Staples 6.6 4.1 Industrials 3.8 3.0 Telecommunication Services 3.1 5.3 Consumer Discretionary 3.0 3.6 Real Estate 0.0 0.5 Health Care 0.0 0.4 Energy 0.0 1.2 Cash* 2.3 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44023_May18.pdf Fidelity s Taiwan Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 14.60 13.63 Beta (3 years) (3 ) 1.01 - Sharpe Ratio (3 years) (3 ) 0.32 0.31 Price / earnings ratio (x) 14.3 13.3 Price / book ratio (x) 2.0 1.6 Active Money (%) 49.2 - Market : MSCI Taiwan (Net) 8% Capped ()(8%) is for comparative purpose only. A-USD A - 24.03.97 13.24 FIDTAIW LX LU0075458603 A: distributing share class. A Calendar Year Performance (%) A-USD A - 18.2 5.0-8.2 13.6 26.0 9.3 6.6-14.0 14.9 23.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44011_May18.pdf Morningstar Rating Fidelity s Thailand This fund invests primarily in Thai equity securities. The fund is subject to investment, equities, foreign currency risks and risks of investing in emerging markets specific to the Thailand market. The fund s investments are concentrated in Thailand and the value of the fund may be more volatile. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Gillian Kwek Reference Currency USD Size US$429m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 47 Fidelity Code 1032 Performance (rebased to 100) (100) Investment Objective The fund invests principally in equity securities quoted on the stock exchange in Thailand. Cumulative Performance (%) 3 6 A-USD A - 1.5-6.1 3.6 17.9 25.9 17.7 648.3 0.2-7.5 4.0 18.0 21.5 3.3 236.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - Bangkok SET Capped SET Top 10 Positions (%) Company PTT PUBLIC CO LTD AIRPORTS OF THAILAND PCL CP ALL PCL CENTRAL PATTANA PUBLIC CO LTD ELECTRICITY GENERATING PCL KASIKORNBANK PCL BANGKOK BANK PUBLIC CO LTD ADVANCED INFO SVC PUB CO LTD PTT GLOBAL CHEM PUB CO LTD PTT EXPL & PRODTN PUB LTD Sector Energy 9.8 8.6 Industrials 6.7 5.6 Consumer Staples 6.4 4.2 Real Estate 4.2 2.0 Utilities 4.1 0.7 4.0 2.6 4.0 2.1 Telecommunication Services 3.5 3.3 Materials 3.4 2.3 Energy 3.3 3.1 Geographical Exposure (%) Country Thailand 98.0 100.0 Japan 0.0 0.0 USA 0.0 0.0 Cash* 2.0 Sector Exposure (%) Sector Energy 16.8 16.3 15.2 16.2 Real Estate 12.8 9.1 Consumer Staples 11.2 11.0 Industrials 10.3 10.0 Utilities 7.4 6.1 Materials 6.8 10.2 Telecommunication Services 5.9 7.4 Health Care 5.5 5.0 4.3 1.5 Consumer Discretionary 1.7 7.3 Cash* 2.0 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44011_May18.pdf Fidelity s Thailand Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 12.10 - Beta (3 years) (3 ) 0.91 - Sharpe Ratio (3 years) (3 ) 0.61 - Price / earnings ratio (x) 13.8 17.2 Price / book ratio (x) 2.1 2.0 Active Money (%) 43.6 - Market : Bangkok SET Capped SET Prior to 29 Feb 08, the index was Bangkok SET Total Return. Prior to 01 Jan 02 was Bangkok SET Price Return. 2008 2 29 SET2002 1 1 SET is for comparative purpose only. A-USD A - 01.10.90 59.39 FIDLTHI LX LU0048621477 A: distributing share class. A Calendar Year Performance (%) A-USD A - -7.2 12.3-18.7 19.4 29.4-13.7 14.3-21.8 20.4 25.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44012_May18.pdf Fidelity s United Kingdom This fund invests primarily in United Kingdom equity securities. The fund is subject to investment, equities and foreign currency risk. The fund s investments are concentrated in United Kingdom and the value of the fund may be more volatile. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Equity Details Manager Steven Kirk Reference Currency GBP Size GBP74m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 40 Fidelity Code 1033 Performance (rebased to 100) (100) Investment Objective The fund invests principally in United Kingdom equity securities. Cumulative Performance (%) 3 6 A-GBP A - 1.6 5.3 6.4 2.8 9.3 34.7 596.8 1.9 7.4 6.7 6.5 24.3 45.4 976.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-GBP A - FTSE All Share (Total return) ( ) Top 10 Positions (%) Company SHIRE PLC G4S ROYAL DUTCH SHELL PLC BP PLC POLYPIPE GROUP PLC GLENCORE PLC INFORMA PLC ASSOCIATED BRITISH FOODS PLC MEGGITT PLC PRUDENTIAL PLC Sector Health Care 4.1 1.5 Industrials 3.9 0.2 Oil & Gas 3.8 8.9 Oil & Gas 3.8 4.5 Industrials 3.7 0.0 Basic Materials 3.6 1.8 Consumer Services 3.5 0.3 Consumer Goods 3.5 0.4 Industrials 3.4 0.2 3.4 1.9 Geographical Exposure (%) Country United Kingdom 95.9 100.0 Cash* 4.1 Sector Exposure (%) Sector Industrials 30.8 11.4 Consumer Services 19.0 11.8 Consumer Goods 15.0 13.8 12.4 25.9 Oil & Gas 7.7 14.0 Basic Materials 5.9 7.9 Health Care 5.2 8.7 Telecommunications 0.0 2.9 Utilities 0.0 2.6 Technology 0.0 0.9 Cash* 4.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44012_May18.pdf Fidelity s United Kingdom Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 9.69 10.03 Beta (3 years) (3 ) 0.89 - Sharpe Ratio (3 years) (3 ) 0.26 0.70 Price / earnings ratio (x) 19.4 16.5 Price / book ratio (x) 2.1 1.8 Active Money (%) 74.6 - Market : FTSE All Share (Total return) ( ) is for comparative purpose only. A-GBP A - 01.10.90 2.98 FIDLUKI LX LU0048621717 A: distributing share class. A Calendar Year Performance (%) A-GBP A - 31.5 1.3 7.4 5.7 5.6 20.8 1.2 1.0 16.8 13.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
44038_May18.pdf Fidelity s World This fund invests primarily in equity securities of companies around the world. The fund is subject to investment, equities and foreign currency risk. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2015, Equity Global - 3 years# 2015-3 Morningstar Rating ( ) () Equity Details Manager Jeremy Podger Reference Currency USD Size EUR2,474m () Max. Sales Charge 5.25% Annual Management Fee 1.50% Min. Subscription 2,500 Total No. of Positions 97 Fidelity Code 1056 Performance (rebased to 100) (100) A-EUR A - MSCI World (Net) () Top 10 Positions (%) Company ROYAL DUTCH SHELL PLC ALPHABET INC MICROSOFT CORP EXELON CORP JPMORGAN CHASE & CO UNION PACIFIC CORP LOWES COS INC APPLE INC ANDEAVOR CITIGROUP INC Sector Energy 3.3 0.7 3.1 1.7 2.7 1.8 Utilities 2.4 0.1 2.1 0.9 Industrials 2.0 0.3 Consumer Discretionary 1.8 0.2 1.8 2.4 Energy 1.8 0.1 1.8 0.4 Investment Objective The fund aims to achieve long-term capital growth from a portfolio primarily made up of the equity securities of companies around the world. The Investment Manager is not restricted in its choice of companies either by region, industry or size, and will select equity securities primarily based on the availability of attractive investment opportunities. Cumulative Performance (%) 3 6 A-EUR A - 2.8 3.0 2.9 7.5 16.5 85.7 363.2 A-ACC-USD A -- -0.2-1.6 0.9 11.6 23.8-36.5 A-ACC-HKD A -- 0.1-1.4 1.3 12.4 25.1-52.4 3.4 4.0 4.0 7.5 17.2 77.2 349.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Geographical Exposure (%) Country USA 51.5 60.3 Japan 11.6 9.0 United Kingdom 7.2 5.7 Netherlands 5.1 1.8 Germany 4.7 3.5 France 4.7 3.9 Hong Kong 2.8 1.3 Denmark 2.6 0.6 Switzerland 2.1 2.7 Israel 1.5 0.2 Other Countries 3.0 11.1 Cash* 3.1 Sector Exposure (%) Sector 21.8 18.5 16.3 17.1 Health Care 15.3 11.9 Energy 8.9 6.6 Consumer Discretionary 8.9 12.8 Industrials 7.7 11.5 Materials 4.8 5.2 Real Estate 4.4 3.0 Utilities 3.3 2.9 Telecommunication Services 2.8 2.5 Consumer Staples 2.7 8.1 Cash* 3.1 Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Cash refers to any residual cash exposure that is not invested in shares or via derivatives. /*
44038_May18.pdf Fidelity s World Measures Details & Codes Date Annualised Volatility (3 years) (3 )% 13.17 - Beta (3 years) (3 ) 1.11 - Sharpe Ratio (3 years) (3 ) 0.42 - Price / earnings ratio (x) 16.2 18.5 Price / book ratio (x) 2.0 2.4 Active Money (%) 85.4 - Market : MSCI World (Net) () Prior to 15 Jun 14, the index was a composite representing 60% of returns from the MSCI World (N) and 40% of returns from the MSCI Europe ex UK (N). Prior to Jan 98 was the FTSE World. 2014 6 15() 60% () 40%1998 1 is for comparative purpose only. A-EUR A - 06.09.96 23.03 FIDWRLI LX LU0069449576 A-ACC-USD A -- 17.07.14 13.65 FIDEAAU LX LU1084165304 A-ACC-HKD A -- 16.10.14 15.24 FIWLAAH LX LU1119994496 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-EUR A - 23.8 22.3 14.8 8.0 9.5 A-ACC-USD A -- - - 3.1 5.0 24.7 A-ACC-HKD A -- - - 3.0 5.0 25.7 21.6 20.0 10.4 10.7 7.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Semi-annual report Product Key Facts A position combines all equity investments (including derivatives) linked to an issuing company. Derivatives are included on an exposure basis so they reflect the equivalent underlying shares needed to generate the same return. Geographic and sector breakdown tables are calculated using the positions methodology. Active Money: This is the sum of the fund s overweight positions (including effective cash) when compared to the market index. () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited www.fidelity.com.hk
53713_May18.pdf Morningstar Rating Fidelity s Asian Bond This fund invests primarily in Asian bonds. This fund may be subject to investment, foreign currency and credit rating risk, the risks of investing in emerging markets specific to the Asian market and securitised or structured debt instruments. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. ( ) 1) 2) (C ) (), Bond Details Manager Eric Wong Bryan Collins Reference Currency USD Size US$694m () Max. Sales Charge 3.5% Annual Management Fee 0.75% Min. Subscription 2,500 Fidelity Code 1277 Performance (rebased to 100) (100) A-ACC-USD A -- BofAML Asia Dollar Investment Grade Investment Objective The fund aims to achieve income and capital appreciation by investing primarily in investment grade fixed income securities of issuers that have their principal business activities in the Asian region. Cumulative Performance (%) 3 6 A-ACC-USD A -- -3.4-1.4-3.2-2.5 4.4 14.7 30.9 A-MDIST-USD A -- -3.5-1.5-3.3-2.5 4.3 14.7 30.9 A-MINCOME(G)-USD A -(G)- -3.4-1.4-3.2-2.5 - - 2.6 A-MINCOME(G)-HKD A -(G)- -3.1-1.2-2.7-1.8 - - 3.6 A-HMDIST(G)-AUD (H) A -H(G)-() -3.5-1.5-3.3-2.5 - - 3.8-1.9-0.2-1.8-0.1 7.6 18.3 34.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) HEUNGKUK 4.475/VR 11/9/47 RGS 5.57 0.07 CHINA MINMTL 3.75/VAR PERP RGS 5.43 0.15 WELL HOPE 3.875%/VAR PERP REGS 3.74 0.00 JD.COM 3.875% 04/29/26 3.71 0.07 WESTPAC BKG NZ 5%/VAR PERP 3.46 0.00 MALAYSIA GOVT OF 0% 03/10/2022 3.38 0.00 MINEJESA CA 4.625% 8/10/30 RGS 3.35 0.00 TRANSURBAN 4.5% 04/19/2028 RGS 3.34 0.00 SAKA ENERGI 4.45% 5/5/24 RGS 2.92 0.00 BLUSTR FIN 3.125% 9/30/19 REGS 2.56 0.08 Top 5 Issuers (%) (HUKLFI) Heungkuk Life Insurance 5.57 0.07 (MINMET) China Minmetals Corp 5.47 0.52 (BHARTI) Bharti Airtel Internatio 4.87 0.55 (JD) Jd.Com Inc 4.22 0.15 (HAIERG) Well Hope Development 3.74 0.00 Geographical Exposure (%) Country China 40.71 45.72 India 11.43 6.14 Indonesia 9.04 12.18 Australia 8.40 0.00 United States 7.26 0.00 Korea (Republic of) 6.35 11.31 Malaysia 3.97 3.60 Singapore 3.82 3.66 Switzerland 3.13 0.00 Hong Kong 1.81 10.29 Others 4.08 7.10 Sector Exposure (%) Sector Quasi / Sov / Supra / Agncy // / 32.38 61.93 Property 8.56 2.22 Banks & Brokers 7.83 8.29 Transportation 6.99 0.75 Insurance 6.22 1.51 Communications 4.94 1.33 Basic Industry 4.81 5.89 Consumer Cyclical 4.69 3.25 Utility 3.97 3.29 Energy 3.86 5.90 Others 8.49 5.64 Cash 7.26 0.00
53713_May18.pdf Fidelity s Asian Bond Measures Annualised Volatility (3 years) (3 )% 3.33 2.98 Beta (3 years) (3 ) 1.06 - Sharpe Ratio (3 years) (3 ) 0.26 0.64 Yield to Maturity % 5.49 4.17 Running Yield % 4.57 3.97 Effective Duration 6.0 5.3 Average Credit Rating (Linear) BBB A- Asset Type Investment grade credit (extreasury) - ( ) % 79.65 99.46 Asset Type High yield bond (%) (%)% 5.43 0.05 Market : BofAML Asia Dollar Investment Grade is for comparative purpose only. Details & Codes Date A-ACC-USD A -- 18.04.11 13.09 FASBAAU LX LU0605512275 A-MDIST-USD A -- 18.04.11 10.57 FASAMDU LX LU0605512432 A-MINCOME(G)-USD A -(G)- A-MINCOME(G)-HKD A -(G)- 03.03.16 9.43 FFAAMIU LX LU1371569200 03.03.16 9.53 FFAAMIH LX LU1371569465 A-HMDIST(G)-AUD (H) 03.03.16 9.40 FFAAHMA LX LU1371569549 A -H(G)-() A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. A -A -(G): A -H(G)(): ( ) A - Calendar Year Performance (%) A-ACC-USD A -- -2.5 8.6 3.1 3.7 4.2 A-MDIST-USD A -- -2.5 8.6 3.1 3.7 4.3 A-MINCOME(G)-USD A -(G)- - - - - 4.2 A-MINCOME(G)-HKD A -(G)- - - - - 5.0 A-HMDIST(G)-AUD (H) A -H(G)-() - - - - 4.5-2.3 8.8 2.1 4.6 5.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-USD A -- - - - A-MDIST-USD A -- A-MINCOME(G)-USD A -(G)- A-MINCOME(G)-HKD A -(G)- A-HMDIST(G)-AUD (H) A -H(G)-() 0.0211 2.41 01.05.18 0.0358 4.63 01.05.18 0.0358 4.58 01.05.18 0.0350 4.54 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 0.00 0.96 AA/Aa 0.11 8.95 A 6.82 40.26 BBB/Baa 76.11 49.28 BB/Ba 4.04 0.05 B 1.39 0.00 CCC and Below 0.00 0.00 Other 4.27 0.50 Cash 7.26 0.00 Total 100.00 100.00 Semi-annual report Currency Exposure (%) USD 99.73 100.00 MYR 0.02 0.00 IDR 0.23 0.00 EUR 0.00 0.00 JPY 0.00 0.00 Other 0.01 0.00 Rounding Adjustment 0.01 0.00 Total 100.00 100.00 Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
42286_May18.pdf Fidelity s Asian High Yield This fund invests primarily in Asian high yield bonds. The fund is subject to investment, emerging markets, foreign currency, credit rating and RMB currency risk, the risks of investing in securitised or structured debt instruments and mortgages-related securities. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund may invest in onshore China fixed income securities directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the onshore China fixed income securities, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in credit linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. Lipper Awards Hong Kong 2017, Bond Asia Pacific - Hard Currency - 3 years 2017-3 Lipper Awards Hong Kong 2017, Bond Asia Pacific - Hard Currency - 5 years 2017-5 Morningstar Rating "QFII" ( ) 1) 2) (C ) (), Bond Details Manager Bryan Collins Reference Currency USD Size US$4,153m () Max. Sales Charge 3.5% Annual Management Fee 1.00% Min. Subscription 2,500 Fidelity Code 1150 Performance (rebased to 100) (100) A-ACC-USD A -- ICE BofAML Blended : ACCY, 20% Lvl4 Cap 3% Constrained ICE : ACCY, 20% Lvl4 Cap 3% Investment Objective This fund seeks a high level of current income and capital appreciation by investing primarily in high-yielding sub investment grade securities of issuers, or in high-yielding securities of sub investment grade issuers, all having their principal business activities in the Asian region. This fund will suit those investors seeking high income and capital appreciation and who are prepared to accept the risks associated with this type of investment. The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum rating standard. Not all securities will be rated for creditworthiness by an internationally recognized rating agency. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. (Please refer to the offering document for the details of Portfolio Information) ( ) Cumulative Performance (%) 3 6 A-ACC-USD A -- -2.2-2.4-1.9 0.4 15.7 26.4 71.6 A-MDIST-USD A -- -2.2-2.5-1.9 0.3 15.7 26.4 71.5 A-MDIST-HKD A -- -1.9-2.3-1.5 1.0 17.0 27.7 52.3 A-MINCOME(G)-USD A -(G)- -2.2-2.5-1.9 0.3 15.7-28.0 A-HMDIST(G)-AUD (H) A -H(G)-() -2.4-2.6-2.1 0.3 18.7-29.7-2.6-2.8-2.3 0.6 15.3 26.3 118.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) ABJA INVEST 5.45% 01/24/28 RGS 2.14 1.01 FORTUNE STAR 5.25% 3/23/22 RGS 1.46 1.38 MAJAPAHIT HLD 7.875% 6/37 REGS 1.44 0.00 PHILIPPINE GOV 9.5% 2/02/30 1.37 0.00 STATS CHIPPAC 8.5 11/24/20 RGS 1.35 0.00 STUDIO CITY 8.5% 12/01/20 REGS 1.35 0.00 SHIMAO PPTY 8.375% 02/22 REGS 1.31 0.53 GLOBAL A&T 8.5% 01/12/23 1.31 0.90 OCEANWIDE HLDG 9.625% 8/20 RGS 1.27 0.25 INDIKA ENER 5.875% 11/9/24 RGS 1.17 0.00 Top 5 Issuers (%) (INDYIJ) Indika Energy Cap Ii Pte 2.51 1.76 (PHILIP) Republic Of Philippines 2.41 0.00 (CHGRAU) Baoxin Auto Finance I Lt 2.39 1.06 (FOSUNI) Fortune Star Bvi Ltd 2.21 3.00 (TATAIN) Abja Investment Co 2.14 3.00 Geographical Exposure (%) Country China 42.39 44.74 Indonesia 12.35 9.47 India 10.32 16.84 Hong Kong 9.91 14.56 Singapore 6.67 4.65 United States 3.79 0.00 Korea (Republic of) 2.51 2.40 Philippines 2.41 0.00 Mongolia 1.75 0.00 Macao 1.69 2.91 Others 6.21 4.43 Sector Exposure (%) Sector Property 25.17 19.51 Basic Industry 13.60 15.35 Utility 8.60 7.69 Banks & Brokers 7.93 14.76 Consumer Cyclical 6.90 12.43 Energy 6.47 5.89 Transportation 5.43 3.10 Capital goods 5.01 5.48 Quasi / Sov / Supra / Agncy // / 4.89 6.12 Technology 4.50 3.20 Others 8.55 6.47 Cash 2.95 0.00
42286_May18.pdf Fidelity s Asian High Yield Measures Annualised Volatility (3 years) (3 )% 4.94 5.63 Beta (3 years) (3 ) 0.86 - Sharpe Ratio (3 years) (3 ) 0.89 0.76 Yield to Maturity % 8.35 7.64 Running Yield % 8.01 6.26 Effective Duration 3.0 2.9 Average Credit Rating (Linear) BB- BB- Asset Type Investment grade credit (extreasury) - ( ) % 5.86 0.66 Asset Type High yield bond (%) (%)% 76.97 98.97 Market : ICE BofAML Blended : ACCY, 20% Lvl4 Cap 3% Constrained ICE : ACCY, 20% Lvl4 Cap 3% Prior to 30 Apr 11, the index was BofA Merrill Lynch Asian Dollar High Yield Corporate Constrained. Prior to 30 Sep 09 was Merrill Lynch Asian Dollar Corporate High Yield Total Return. 2011 4 30 2009 9 30 is for comparative purpose only. Details & Codes Date A-ACC-USD A -- 02.04.07 17.16 FFASIAU LX LU0286668453 A-MDIST-USD A -- 02.04.07 8.11 FFASIAM LX LU0286669428 A-MDIST-HKD A -- 18.08.10 9.33 FAHYAMH LX LU0532244745 A-MINCOME(G)-USD A -(G)- 18.06.13 9.00 FFAHAMI LX LU0937949237 A-HMDIST(G)-AUD (H) A -H(G)-() 09.04.14 9.37 FAHMAUD LX LU1046420631 A-ACC-EUR A -- 02.04.07 19.05 FFASIAH LX LU0286668966 A-MINCOME-USD A -- 13.04.11 8.98 FFAHYAM LX LU0605512788 A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. A-MINCOME: monthly income share class. Distribution amount not guaranteed. A -A -(G): A -H(G)() ( ) A - A -: Calendar Year Performance (%) A-ACC-USD A -- 2.7 3.5 1.5 13.6 6.9 A-MDIST-USD A -- 2.6 3.5 1.5 13.5 7.0 A-MDIST-HKD A -- 2.6 3.5 1.5 13.5 7.8 A-MINCOME(G)-USD A -(G)- - 3.5 1.5 13.5 6.9 A-HMDIST(G)-AUD (H) A -H(G)-() - - 3.9 14.6 7.5 2.9 3.9 1.4 15.2 6.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-USD A -- - - - A-MDIST-USD A -- 0.0427 6.43 01.05.18 A-MDIST-HKD A -- 0.0491 6.42 01.05.18 A-MINCOME(G)-USD A -(G)- 0.0564 7.69 01.05.18 A-HMDIST(G)-AUD (H) A -H(G)-() 0.0584 7.65 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 0.00 0.00 AA/Aa 0.00 0.00 A 1.14 0.00 BBB/Baa 5.86 0.66 BB/Ba 32.33 59.46 B 42.75 39.12 CCC and Below 1.89 0.39 Other 13.08 0.37 Cash 2.95 0.00 Total 100.00 100.00 Semi-annual report Currency Exposure (%) USD 95.98 100.00 CNY 3.81 0.00 EUR 0.03 0.00 GBP 0.06 0.00 HKD 0.10 0.00 Other 0.02 0.00 Total 100.00 100.00 Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
29802_May18.pdf Fidelity s - Asian Total Return Bond This fund invests primarily in Asian bonds. This fund may be subject to investment, foreign currency, RMB currency and credit rating risk, the risks of investing in emerging markets specific to the Asian market and risks specific to the PRC market. The fund s investments are concentrated and the value of the fund may be more volatile. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund is subject to risks associated with investments in China fixed income instruments, such as credit, insolvency and liquidity risk of fixed income instruments. The fund may invest in the Dim Sum bond market, which may be more susceptible to volatility and illiquidity, and subject to risk of regulatory changes. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. ( ) 1) 2) (C ) (), Bond Details Manager Eric Wong Bryan Collins Reference Currency USD Size US$12m () Max. Sales Charge 3.5% Annual Management Fee 1.00% Min. Subscription 2,500 Fidelity Code 1698 Performance (rebased to 100) (100) A-ACC-USD A -- Top 10 Holdings 10 (%) HEUNGKUK 4.475/VR 11/9/47 RGS 5.53 CHINA MINMTL 3.75/VAR PERP RGS 5.39 WELL HOPE 3.875%/VAR PERP REGS 3.72 JD.COM 3.875% 04/29/26 3.69 WESTPAC BKG NZ 5%/VAR PERP 3.44 MALAYSIA GOVT OF 0% 03/10/2022 3.36 MINEJESA CA 4.625% 8/10/30 RGS 3.33 TRANSURBAN 4.5% 04/19/2028 RGS 3.31 SAKA ENERGI 4.45% 5/5/24 RGS 2.90 BLUSTR FIN 3.125% 9/30/19 REGS 2.54 Top 5 Issuers (%) (HUKLFI) Heungkuk Life Insurance 5.53 (MINMET) China Minmetals Corp 5.43 29802_May18.pdf (BHARTI) Bharti Airtel Internatio 4.84 (JD) Jd.Com Inc 4.19 (HAIERG) Well Hope Development 3.72 Investment Objective The fund seeks to deliver an attractive income and capital appreciation by primarily investing in a broad range of fixed income instruments of issuers in Asia Pacific that have their head office or exercise a majority of their activity in Asia Pacific. The fund will adopt an active asset allocation approach, which may include investment into high yield instruments and emerging markets. The fund may invest in hybrid bonds ( Hybrids ), that is, debt securities with equity-like features, issued by non-financial institutions (corporate Hybrids) and by financial institutions (financial Hybrids), including contingent convertibles, as well as in other subordinated financial debt and preference shares. Investments will not be required to meet minimum credit rating standards. Not all securities will be rated for creditworthiness by an internationally recognised rating agency. The manager is not restricted in his choice of companies either by market sector or industry, and will choose investments largely determined by the availability of attractive investment opportunities. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. The fund may also invest in UCITS and UCIs. (Please refer to the offering document for the details of Portfolio Information)(Effective 5 July 2018 or such later date as may be decided by the board of directors of Fidelity s) UCITS UCI ( )(2018 7 5) Cumulative Performance (%) 3 6 A-ACC-USD A -- -3.8-1.5-3.7-3.5 - - 0.3 A-MINCOME(G)-USD (H) A -(G)-() -3.8-1.5-3.7-3.5 - - 1.1 A-MINCOME(G)-HKD (H) A -(G)-() -4.2-1.8-4.2-4.4 - - -0.4 A-MCDIST(G)-USD A -C(G)- -3.8-1.5-3.7-3.4 - - -1.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 30.11.15 to the launch year end was -1.3%. 2015 11 30(A --) -1.3% Geographical Exposure (%) Country China 40.44 India 11.35 Indonesia 8.97 Australia 8.36 United States 7.85 Korea (Republic of) 6.31 Malaysia 3.95 Singapore 3.80 Switzerland 3.11 Hong Kong 1.80 Others 4.06 Sector Exposure (%) Sector Quasi / Sov / Supra / Agncy // / 32.16 Property 8.51 Banks & Brokers 7.78 Transportation 6.94 Insurance 6.17 Communications 4.90 Basic Industry 4.78 Consumer Cyclical 4.66 Utility 3.94 Energy 3.83 Others 8.45 Cash 7.88 Effective from 5 July 2018 or such later date as may be decided by the Board, Fidelity s - Asian Total Return Bond will be renamed to Fidelity s - Asia Pacific Strategic Income. 自 2018 年 7 月 5 日或董事會可能決定的較後日期, 富達基金 - 亞洲總回報債券基金的名稱將改為富達基金 - 亞太策略收益基金
Fidelity s - Asian Total Return Bond Measures Annualised Volatility (3 years) (3 )% - Sharpe Ratio (3 years) (3 ) - Yield to Maturity % 6.13 Running Yield % 5.18 Effective Duration 7.5 Average Credit Rating (Linear) BBB Asset Type Investment grade credit (extreasury) - ( ) % 79.11 Asset Type High yield bond (%) (%)% 5.40 Details & Codes Date A-ACC-USD A -- 30.11.15 10.03 FFATAAU LX LU1313547892 A-MINCOME(G)-USD A -(G)- 29.01.16 9.29 FAAMIGU LX LU1345482746 A-MINCOME(G)-USD (H) A -(G)-() 29.01.16 9.23 FAAMGUH LX LU1345483470 A-MINCOME(G)-HKD (H) A -(G)-() 29.01.16 9.08 FAAMGHH LX LU1345483983 A-MCDIST(G)-USD A -C(G)- 22.11.16 9.19 FAAMCGU LX LU1509826852 A-HMDIST(G)-AUD (H) A -H(G)-() 29.01.16 9.24 FAAHGAH LX LU1345484106 A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. A-MINCOME(G)(H): monthly gross income hedged share class. A- MCDIST(G): monthly gross income and capital distributing share class. Distribution amount not guaranteed. A -A -(G): A -H(G)() ( ) A (G) (): () A -C(G) Calendar Year Performance (%) A-ACC-USD A -- - - - 3.0 2.6 A-MINCOME(G)-USD (H) A -(G)-() - - - - 2.3 A-MINCOME(G)-HKD (H) A -(G)-() - - - - 1.5 A-MCDIST(G)-USD A -C(G)- - - - - 2.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 30.11.15 to the launch year end was -1.3%. 2015 11 30(A --) -1.3% Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-USD A -- - - - A-MINCOME(G)-USD (H) 0.0396 A -(G)-() 5.26 01.05.18 A-MINCOME(G)-HKD (H) 0.0396 A -(G)-() 5.34 01.05.18 A-MCDIST(G)-USD A -C(G)- 0.0462 6.18 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 0.00 AA/Aa 0.11 A 6.77 BBB/Baa 75.59 BB/Ba 4.01 B 1.38 CCC and Below 0.00 Other 4.26 Cash 7.88 Total 100.00 Semi-annual report Currency Exposure (%) USD 99.69 MYR 0.02 IDR 0.23 AUD 0.02 CNY 0.03 Other 0.01 Total 100.00 Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
29799_May18.pdf Fidelity s - China High Yield This fund invests primarily in debt securities in the Greater China region. This fund may be subject to investment, foreign currency, RMB currency and credit rating risk, the risks of investing in emerging markets specific to the China, Hong Kong & Macau market and risks specific to the PRC market. The fund s investments are concentrated in China, Hong Kong, Taiwan & Macau and the value of the fund may be more volatile. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund is subject to risks associated with investments in China fixed income instruments, such as credit, insolvency and liquidity risk of fixed income instruments. The fund may invest in the Dim Sum bond market, which may be more susceptible to volatility and illiquidity, and subject to risk of regulatory changes. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s / share. ( ) 1) 2) (C ) () Bond Details Manager Bryan Collins Reference Currency USD Size US$98m () Max. Sales Charge 3.5% Annual Management Fee 1.20% Min. Subscription 2,500 Fidelity Code 1702 Performance (rebased to 100) (100) A-ACC-USD A -- Investment Objective This fund seeks a high level of current income by investing primarily in high-yielding, sub-investment grade or non-rated debt securities of issuers that have their head office or exercise a majority of their activity in the Greater China region (including China, Hong Kong, Taiwan, and Macau). This fund will suit those investors seeking high income and who are prepared to accept the risks associated with this type of investment. The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum credit rating standard. Not all securities will be rated for creditworthiness by an internationally recognized rating agency. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on Eligible Markets in China. The manager is not restricted in his choice of companies either by market sector or industry, and will choose investments largely determined by the availability of attractive investment opportunities. The fund may also invest in UCITS and UCIs. (Please refer to the offering document for the details of Portfolio Information) ( ) UCITS UCI ( ) Cumulative Performance (%) 3 6 A-ACC-USD A -- -1.7-2.9-1.4 1.0 - - 17.9 A-MINCOME(G)-USD (H) A -(G)-() -1.7-2.9-1.4 0.9 - - 17.7 A-MINCOME(G)-HKD (H) A -(G)-() -2.1-3.2-1.9-0.1 - - 15.9 A-HMDIST(G)-AUD (H) A -H(G)-() -1.7-2.9-1.6 1.0 - - 19.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 30.11.15 to the launch year end was 0.2%. 2015 11 30(A --) 0.2% Top 10 Holdings 10 (%) PEARL H III 9.5% 12/11/22 RGS 2.86 BAOXIN AU I 8.75%/VAR PERP RGS 2.21 WANDA PROPER INT CO 7.25% 1/24 2.08 GLOBAL A&T 8.5% 01/12/23 2.06 RKP OVERSEAS FI 7.95% PERP RGS 2.02 YUZHOU PPTY 5.375/VAR PERP RGS 1.96 EHI CAR SE 5.875% 8/14/22 RGS 1.87 YIDA CHINA 6.95% 04/19/20 RGS 1.85 CIFI HOLDGS 5.375/VAR PERP RGS 1.80 YIHUA OVERSE 8.5% 10/23/20 RGS 1.73 Top 5 Issuers (%) (PRLHOL) Pearl Holding Iii Ltd 2.86 (CHGRAU) Baoxin Auto Finance I Lt 2.86 (ROADKG) Rkp Overseas Fi 2016 A 2.83 (XIN) Xinyuan Real Estate 2.34 (SHUION) Shui On Development Hldg 2.29 Geographical Exposure (%) Country China 69.98 Hong Kong 11.89 Singapore 4.37 Cayman Islands 2.86 Indonesia 2.78 Macao 1.44 Philippines 1.40 Mongolia 1.29 India 1.04 United States 0.98 Others 1.97 Sector Exposure (%) Sector Property 38.67 Basic Industry 10.18 Consumer Cyclical 8.57 Banks & Brokers 7.45 Consumer Non Cyclical 6.10 Transportation 5.44 Capital goods 5.32 Utility 5.30 Quasi / Sov / Supra / Agncy // / 4.01 Technology 3.65 Others 4.71 Cash 0.60
29799_May18.pdf Fidelity s - China High Yield Measures Annualised Volatility (3 years) (3 )% - Sharpe Ratio (3 years) (3 ) - Yield to Maturity % 9.92 Running Yield % 8.63 Effective Duration 2.9 Average Credit Rating (Linear) BB- Asset Type Investment grade credit (extreasury) - ( ) % 4.97 Asset Type High yield bond (%) (%)% 75.84 Details & Codes Date A-ACC-USD A -- 30.11.15 11.79 FFCHAAU LX LU1313547462 A-MINCOME(G)-USD (H) A -(G)-() 29.01.16 10.11 FCAMIUH LX LU1345481698 A-MINCOME(G)-HKD (H) A -(G)-() 29.01.16 9.95 FCAMIHH LX LU1345481854 A-HMDIST(G)-AUD (H) A -H(G)-() 29.01.16 10.14 FCAMDAH LX LU1345482316 A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. Distribution amount not guaranteed. A -A -(G) A -H(G)()( ) Calendar Year Performance (%) A-ACC-USD A -- - - - 11.4 7.5 A-MINCOME(G)-USD (H) A -(G)-() - - - - 7.2 A-MINCOME(G)-HKD (H) A -(G)-() - - - - 6.5 A-HMDIST(G)-AUD (H) A -H(G)-() - - - - 7.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 30.11.15 to the launch year end was 0.2%. 2015 11 30(A --) 0.2% Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-USD A -- - - - A-MINCOME(G)-USD (H) 0.0678 A -(G)-() 8.22 01.05.18 A-MINCOME(G)-HKD (H) 0.0678 A -(G)-() 8.35 01.05.18 A-HMDIST(G)-AUD (H) A -H(G)-() 0.0670 8.09 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 0.00 AA/Aa 0.00 A 0.00 BBB/Baa 4.98 BB/Ba 25.42 B 48.21 CCC and Below 2.22 Other 18.57 Cash 0.60 Total 100.00 Currency Exposure (%) USD 98.38 CNY 1.13 HKD 0.47 EUR 0.01 GBP 0.00 Other 0.00 Rounding Adjustment 0.01 Total 100.00 Semi-annual report Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
27261_May18.pdf Morningstar Rating Fidelity s Emerging Market Corporate Debt This fund invests primarily in global emerging-markets debt securities. The fund is subject to investment, foreign currency, credit rating and RMB currency risk, the risks of investing in emerging markets (risks specific to the Russia market), securitised or structured debt instruments, mortgagesrelated securities and loans. This fund will invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund may invest in onshore China fixed income securities directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the onshore China fixed income securities, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in credit linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. "QFII" ( ) 1) 2) (C ) () Bond Details Manager Eric Wong Steve Ellis Reference Currency USD Size US$93m () Max. Sales Charge 3.5% Annual Management Fee 1.20% Min. Subscription 2,500 Fidelity Code 1686 Performance (rebased to 100) (100) A-ACC-USD A -- JPM Corporate Emerging Market Bond Broad Diversified ( ) Investment Objective The fund aims to achieve income and capital appreciation through primarily investing in investment grade and sub investment grade global emerging market corporate debt securities denominated in globally traded major currencies ( hard currencies ). The fund may also invest in global emerging market debt instruments denominated in local currency. Up to 25% of the assets of the fund may be invested in sovereign bonds of emerging market issuers. Investments will be made within, although not limited to, Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. (Please refer to the offering document for the details of Portfolio Information) ( ) 25% ( ) ( ) Cumulative Performance (%) 3 6 A-ACC-USD A -- -2.6-1.9-2.2 0.9 10.5 20.8 20.4 A-MINCOME(G)-USD A -(G)- -2.5-1.8-2.1 0.9 - - 14.4 A-MINCOME(G)-HKD A -(G)- -2.1-1.5-1.7 1.6 - - 15.8 A-HMDIST(G)-AUD (H) A -H(G)-() -2.5-1.8-2.2 1.1 - - 16.9-2.5-1.5-2.2 0.5 11.8 21.7 20.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 20 Mar 2013 to the launch year end was -1.5%. 2013 3 20(A --) -1.5% Top 10 Holdings 10 (%) WESTPAC BKG NZ 5%/VAR PERP 2.56 0.00 ISRAEL ELEC CRP9.375 1/20 REGS 2.41 0.09 MALAYSIA GOVT OF 0% 03/10/2022 2.31 0.00 GAZ CAPITAL SA 9.25% 4/19 REGS 2.27 0.00 OMAN GOVT 5.625% 01/17/28 RGS 2.13 0.00 JSC GEORGIA 6.125% 3/09/24 RGS 2.07 0.06 TURKCELL ILET 5.8% 4/11/28 RGS 2.05 0.07 SAKA ENERGI 4.45% 5/5/24 RGS 2.04 0.13 KOREA GOVT 7.125% 4/16/19 1.69 0.00 GOHL CAPITAL 4.25% 1/24/27 RGS 1.63 0.32 Top 5 Issuers (%) (ISRELE) Israel Electric Corp Ltd 3.45 0.61 (WSTP) Westpac Banking Corp Nz 2.56 0.00 (MGS) Malaysia Government 2.31 0.00 (GAZPRU) Gazprom (Gaz Capital Sa) 2.27 0.69 (BRASKM) Braskem Netherlands 2.27 0.28 Geographical Exposure (%) Country Turkey 10.19 4.22 United States 10.07 0.77 Brazil 8.83 6.33 Mexico 8.57 4.93 China 6.91 7.63 Indonesia 5.89 2.46 Russian Federation 4.33 4.77 Peru 4.14 3.63 Malaysia 3.94 1.62 Israel 3.75 3.21 Others 33.38 60.43 Sector Exposure (%) Sector Quasi / Sov / Supra / Agncy // / 17.32 21.61 Basic Industry 14.05 12.80 Utility 10.89 6.48 Banks & Brokers 10.35 21.12 Communications 8.45 8.93 Capital goods 6.70 2.13 Energy 5.55 8.24 Consumer Non Cyclical 4.77 5.79 Transportation 2.75 1.87 Treasury 2.31 0.00 Others 6.79 11.03 Cash 10.07 0.00
27261_May18.pdf Fidelity s Emerging Market Corporate Debt Measures Annualised Volatility (3 years) (3 )% 5.18 3.87 Beta (3 years) (3 ) 1.29 - Sharpe Ratio (3 years) (3 ) 0.54 0.82 Yield to Maturity % 6.96 5.69 Running Yield % 6.35 5.38 Effective Duration 5.4 4.5 Average Credit Rating (Linear) BBB- BBB- Asset Type Investment grade credit (extreasury) - ( ) % 37.73 55.20 Asset Type High yield bond (%) (%)% 48.21 40.09 Market : JPM Corporate Emerging Market Bond Broad Diversified ( ) is for comparative purpose only. Details & Codes Date A-ACC-USD A -- 20.03.13 12.04 FEMCAAU LX LU0900495697 A-MINCOME(G)-USD A -(G)- 15.09.15 10.10 FEMCAMU LX LU1284738744 A-MINCOME(G)-HKD A -(G)- 15.09.15 10.23 FIEMCAH LX LU1284739478 A-HMDIST(G)-AUD (H) A -H(G)-() 15.09.15 10.08 FIEMCDA LX LU1284739635 A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. Distribution amount not guaranteed. A -A -(G) A -H(G)()( ) Calendar Year Performance (%) A-ACC-USD A -- - 5.7-1.3 10.5 8.8 A-MINCOME(G)-USD A -(G)- - - - 10.4 8.8 A-MINCOME(G)-HKD A -(G)- - - - 10.6 9.5 A-HMDIST(G)-AUD (H) A -H(G)-() - - - 11.7 9.2-5.0 1.3 9.7 8.0 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 20 Mar 2013 to the launch year end was -1.5%. 2013 3 20(A --) -1.5% Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-USD A -- - - - A-MINCOME(G)-USD A -(G)- 0.0437 5.29 01.05.18 A-MINCOME(G)-HKD A -(G)- 0.0437 5.21 01.05.18 A-HMDIST(G)-AUD (H) A -H(G)-() 0.0430 5.21 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 0.00 0.11 AA/Aa 1.69 2.37 A 6.20 17.81 BBB/Baa 32.15 34.91 BB/Ba 28.80 22.31 B 17.61 15.98 CCC and Below 1.81 1.81 Other 1.67 4.70 Cash 10.07 0.00 Total 100.00 100.00 Semi-annual report Currency Exposure (%) USD 100.98 100.00 MYR -0.52 0.00 KZT 0.01 0.00 IDR 0.68 0.00 ILS 0.10 0.00 Other -1.25 0.00 Total 100.00 100.00 Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
40170_May18.pdf Morningstar Rating Fidelity s Emerging Market Debt This fund invests primarily in global emerging-markets debt securities. The fund is subject to investment, equities, foreign currency and credit rating risk, the risks of investing in emerging markets (risks specific to the Russia market), securitised or structured debt instruments and mortgages-related securities. This fund will invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund may invest in onshore China fixed income securities directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the onshore China fixed income securities, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in credit linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. "QFII" ( ) 1) 2) (C ) () Bond Details Manager Steve Ellis Eric Wong Reference Currency USD Size US$1,749m () Max. Sales Charge 3.50% Annual Management Fee 1.20% Min. Subscription 2,500 Fidelity Code 1092 Performance (rebased to 100) (100) A-USD A - JPM EMBI Global Diversified JP( ) Investment Objective The fund aims to achieve income and capital appreciation through primarily investing in global emerging-markets debt securities. The fund may also invest in other types of securities, including local market debt instruments, fixed income, equity securities and corporate bonds of emerging market issuers, and lower quality debt securities. Investments will be made within, although not limited to, Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. (Please refer to the offering document for the details of Portfolio Information) ( ) ( ) Cumulative Performance (%) 3 6 A-USD A - -3.2-1.6-2.6-0.8 10.1 17.1 101.5 A-ACC-USD A -- -3.2-1.6-2.6-0.8 10.1 17.2 101.0 A-MDIST-USD A -- -3.1-1.5-2.6-0.8 10.2 17.2 101.3 A-MINCOME(G)-USD A -(G)- -3.2-1.6-2.6-0.8 10.1-20.3 A-MDIST-AUD (H) A --() -3.3-1.6-2.7-0.7 13.1-32.1-4.1-2.1-3.4-0.6 14.1 20.5 120.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) USTN 2.375% 05/15/27 5.29 0.00 SRI LANKA GOVT5.125% 4/19 REGS 2.16 0.00 SOUTHERN GAS 6.875% 03/26 RGS 2.14 0.41 ECUADOR REP 7.95% 6/24 REGS 2.03 0.33 PETROLEOS MEXICA 6.5% 03/13/27 1.93 0.27 NIGERIA T-BILL 364D 0% 8/2/18 1.87 0.00 IHS NETHERLANDS 9.5% 10/21 RGS 1.80 0.00 CNAC HK FIN 4.875% 3/14/25 RGS 1.66 0.04 BANQUE CENTRALE 5.75% /25 REGS 1.65 0.17 ARGENTINA GOVT 5.875% 1/11/28 1.62 0.28 Top 5 Issuers (%) (T) Us Treasury N/B 5.29 0.00 (ARGENT) Republic Of Argentina 4.44 3.14 (ECUA) Republic Of Ecuador 4.33 2.59 (PEMEX) Petroleos Mexicanos 4.13 2.41 (SRILAN) Republic Of Sri Lanka 3.72 1.99 Geographical Exposure (%) Country United States 13.71 0.00 Mexico 6.97 5.09 Turkey 6.61 3.60 Argentina 6.21 3.14 South Africa 4.93 2.72 Nigeria 4.88 1.52 Ecuador 4.33 2.59 Sri Lanka 3.72 1.99 Brazil 3.05 3.16 Pakistan 2.74 1.12 Others 42.85 75.07 Sector Exposure (%) Sector Quasi / Sov / Supra / Agncy // / 60.42 96.53 Treasury 9.16 0.00 Basic Industry 4.19 0.58 Utility 3.83 0.41 Energy 3.41 2.15 Communications 3.07 0.00 Consumer Non Cyclical 2.67 0.00 Banks & Brokers 2.20 0.00 Transportation 1.34 0.33 Other 0.29 0.00 Others 1.00 0.00 Cash 8.42 0.00
40170_May18.pdf Fidelity s Emerging Market Debt Measures Annualised Volatility (3 years) (3 )% 5.60 5.57 Beta (3 years) (3 ) 0.98 - Sharpe Ratio (3 years) (3 ) 0.48 0.70 Yield to Maturity % 6.70 5.52 Running Yield % 6.42 5.75 Effective Duration 6.4 6.5 Average Credit Rating (Linear) BB+ BB+ Asset Type Investment grade credit (extreasury) - ( ) % 18.85 50.63 Asset Type High yield bond (%) (%)% 62.58 47.63 Market : JPM EMBI Global Diversified JP( ) Prior to 31 Mar 16, JPM EMBI Global. 2016 3 31JP is for comparative purpose only. Details & Codes Date A-USD A - 23.01.06 11.80 FFEMKAU LX LU0238205446 A-ACC-USD A -- 23.01.06 20.10 FFEMDAU LX LU0238205958 A-MDIST-USD A -- 23.01.06 11.26 FFEMAMD LX LU0238206170 A-MINCOME(G)-USD A -(G)- 18.06.13 9.19 FFEMDAI LX LU0937949310 A-MDIST-AUD (H) A --() 18.09.13 10.97 FFEMDAA LX LU0963542070 A-EUR A - 23.01.06 12.42 FFEMKAE LX LU0238203821 A-ACC-EUR A -- 23.01.06 21.35 FFEMDAE LX LU0238205289 A-MDIST-EUR A -- 23.01.06 11.84 FFEMAME LX LU0238204472 A-ACC-EUR (H) A --() 30.06.10 13.76 FEMAEAH LX LU0337572712 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. A-MDIST(H): monthly distributing hedged share class. A-MINCOME(G): monthly gross income share class. Distribution amount not guaranteed. A A -A -() () A - A -(H) () A -(G): Calendar Year Performance (%) A-USD A - -7.7 7.5-0.3 9.0 8.6 A-ACC-USD A -- -7.7 7.6-0.3 9.0 8.5 A-MDIST-USD A -- -7.8 7.6-0.3 9.1 8.5 A-MINCOME(G)-USD A -(G)- - 7.5-0.3 9.0 8.5 A-MDIST-AUD (H) A --() - 9.9 1.3 10.7 8.9-6.6 5.5 1.2 10.3 10.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-USD A - - - - A-ACC-USD A -- - - - A-MDIST-USD A -- 0.0444 4.81 01.05.18 A-MINCOME(G)-USD A -(G)- 0.0449 5.99 01.05.18 A-MDIST-AUD (H) A --() 0.0433 4.81 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 5.29 0.00 AA/Aa 1.24 0.00 A 1.63 11.85 BBB/Baa 15.98 38.78 BB/Ba 19.69 18.51 B 40.66 27.40 CCC and Below 2.43 2.30 Other 4.66 1.16 Cash 8.42 0.00 Total 100.00 100.00 Semi-annual report Currency Exposure (%) USD 103.87 100.00 EUR -2.21 0.00 NGN 3.09 0.00 ARS 0.96 0.00 ZAR -1.33 0.00 Other -4.37 0.00 Rounding Adjustment -0.01 0.00 Total 100.00 100.00 Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
46385_May18.pdf Morningstar Rating Fidelity s Euro Bond This fund invests primarily in bonds denominated in Euro. This fund is subject to investment, foreign currency, credit rating risk and the risks of investing in securitised or structured debt instruments and mortgages-related securities. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Bond Details Manager David Simner Reference Currency EUR Size EUR1,176m () Max. Sales Charge 3.5% Annual Management Fee 0.75% Min. Subscription 2,500 Fidelity Code 1035 Performance (rebased to 100) (100) A-EUR A - BofAML Euro Large Cap Investment Objective The fund invests primarily in bonds denominated in Euro. Cumulative Performance (%) 3 6 A-EUR A - -0.4-0.6-1.2 0.4 3.1 17.0 331.9 A-MDIST-EUR A -- -0.5-0.6-1.1 0.4 3.2 17.0 67.1 A-ACC-EUR A -- -0.4-0.6-1.1 0.3 3.1 17.0 55.6 A-ACC-USD (H) A --() 0.7 0.1 0.3 2.8 7.9-16.9-0.3 0.1-0.9 0.4 3.8 17.1 458.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) GERMANY REP OF 0% 3/13/20 RGS 10.08 0.12 GERMANY GOVT 0.25% 2/15/27 RGS 5.89 0.25 SPAIN GO 1.4% 4/30/28 144A RGS 4.93 0.19 BUONI DEL TESORO POL 2% 2/1/28 4.85 0.13 BUONI DEL TESOR 0.95% 3/1/23 4.09 0.10 PORTUGAL GOVT 4.95% 10/25/23 3.89 0.11 UNICREDIT SPA 6.95% 10/22 RGS 3.17 0.00 FRANCE GOVT 0.75% 05/25/28 RGS 3.14 0.32 FRANCE GOVT 2.25% 05/25/24 3.07 0.37 GERMANY GOVT 2.5% 8/15/46 2.99 0.32 Top 5 Issuers (%) (BTPS) Republic of Italy 10.17 12.74 (BKO) Federal Republic of Germany 10.08 0.55 (DBR) Bundesrepub. Deutschland 8.88 8.03 (FRTR) France (Govt Of) 7.37 14.12 (SPGB) Kingdom of Spain 5.69 8.22 Geographical Exposure (%) Country Germany 22.66 17.72 Italy 18.36 14.62 France 13.37 22.63 United Kingdom 12.68 2.32 Spain 11.80 10.64 United States 5.79 3.26 Portugal 5.14 1.51 Netherlands 3.99 5.25 Luxembourg 2.92 0.12 South Africa 0.94 0.04 Others 2.35 21.89 Sector Exposure (%) Sector Treasury 50.37 58.12 Banks & Brokers 23.72 5.77 Insurance 8.14 1.02 Communications 4.52 1.54 Property 4.48 0.52 Basic Industry 4.29 0.84 Utility 2.74 1.56 Consumer Cyclical 0.74 1.55 Consumer Non Cyclical 0.64 2.35 Capital goods 0.38 0.81 Others 0.00 25.92 Cash -0.02 0.00
46385_May18.pdf Fidelity s Euro Bond Measures Annualised Volatility (3 years) (3 )% 3.97 - Beta (3 years) (3 ) 1.08 - Sharpe Ratio (3 years) (3 ) 0.33 - Yield to Maturity % 1.88 0.79 Running Yield % 2.04 2.15 Effective Duration 7.0 6.8 Average Credit Rating (Linear) A- A+ Asset Type Investment grade credit (extreasury) - ( ) % 38.16 41.70 Asset Type High yield bond (%) (%)% 16.63 1.38 Market : BofAML Euro Large Cap Prior to 31 Mar 03, the index was CG Euro GBI. Prior to 30 Oct 98 was CG WGBI European. Prior to 30 Dec 94 was SB ECU Bond. 2003 3 31 1998 10 30() 1994 12 30 is for comparative purpose only. Details & Codes Date A-EUR A - 01.10.90 13.44 FIDEUBI LX LU0048579097 A-MDIST-EUR A -- 09.06.03 11.31 FFEBAMD LX LU0168050333 A-ACC-EUR A -- 03.07.06 15.56 FIDEBFA LX LU0251130638 A-ACC-USD (H) A --() 09.04.14 11.69 FIDAAUH LX LU1046421522 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. Distribution amount not guaranteed. A A -A -() () A - Calendar Year Performance (%) A-EUR A - 2.1 12.3 0.1 3.6 0.7 A-MDIST-EUR A -- 2.1 12.4 0.1 3.6 0.7 A-ACC-EUR A -- 2.1 12.4 0.1 3.7 0.6 A-ACC-USD (H) A --() - - 0.0 4.9 2.7 2.3 11.1 1.0 3.4 0.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-EUR A - - - - A-MDIST-EUR A -- 0.0058 0.61 01.05.18 A-ACC-EUR A -- - - - A-ACC-USD (H) A --() - - - (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 18.96 24.12 AA/Aa 7.37 30.97 A 4.92 10.72 BBB/Baa 35.82 29.12 BB/Ba 16.63 1.38 B 0.00 0.00 CCC and Below 0.00 0.00 Other 16.32 3.69 Cash -0.02 0.00 Total 100.00 100.00 Currency Exposure (%) EUR 100.00 100.00 USD 0.00 0.00 JPY 0.00 0.00 GBP 0.00 0.00 CAD 0.00 0.00 Other 0.00 0.00 Total 100.00 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
52399_May18.pdf Morningstar Rating Fidelity s Euro Corporate Bond This fund invests primarily in Euro denominated corporate debt securities. This fund is subject to investment and the risks of investing in securitised or structured debt instruments. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks, as well as foreign currency risk. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility)., ( ) () Bond Details Manager David Simner Reference Currency EUR Size EUR340m () Max. Sales Charge 3.5% Annual Management Fee 0.75% Min. Subscription 2,500 Fidelity Code 1087 Performance (rebased to 100) (100) A-ACC-EUR A -- BofAML Euro Corporate Cap Investment Objective The fund will invest primarily in Euro denominated corporate debt securities. The fund may invest up to 30% of its assets in non-euro denominated debt securities and/or non-corporate debt securities. Exposure to non-euro denominated debt securities may be hedged back into Euro (as described in the ). 30% / ( ) Cumulative Performance (%) 3 6 A-ACC-EUR A -- -1.4-1.3-1.6-0.4 3.9 14.6 56.0 A-EUR A - -1.3-1.2-1.6-0.3 3.9 14.7 35.3 A-MDIST-EUR A -- -1.4-1.3-1.7-0.4 3.8 14.7 35.4-0.5-0.3-0.8 0.7 5.7 15.7 89.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) BNPSA STEP 03/20/26 REGS 5.31 0.07 GS 4.75%10/12/21 LT2 4.62 0.04 NATIONWIDE 2%/VAR 07/25/29 RGS 3.93 0.05 CAIXABANK SA 2.75% 7/14/28 RGS 3.79 0.00 UNICREDIT SPA 6.95% 10/22 RGS 3.79 0.00 ROYAL BK SCT EMTN3.625 3/24RGS 3.77 0.00 AVIVA PLC EMTN 6.125% 07/05/43 3.67 0.04 SKY PLC 2.5% 09/15/26 REGS 3.38 0.05 ASSICURAZ GEN EMTN 7.75 12/42 3.33 0.07 GRAND CITY PRP 1.375% 8/26 RGS 3.29 0.03 Top 5 Issuers (%) (RBS) Royal Bk Scotlnd Grp Plc 6.26 0.47 (GS) Goldman Sachs Group Inc 5.62 0.80 (BNP) Bnp Paribas 5.31 1.55 (NWIDE) Nationwide Bldg Society 3.93 0.26 (RABOBK) Cooperatieve Rabobank Ua 3.84 1.32 Geographical Exposure (%) Country United Kingdom 23.02 9.14 France 17.12 22.72 Germany 15.81 13.94 United States 12.88 16.45 Italy 9.69 5.28 Spain 8.91 5.00 Netherlands 5.30 5.99 Belgium 3.21 2.04 Luxembourg 2.64 0.24 South Africa 0.99 0.23 Others 0.43 18.97 Sector Exposure (%) Sector Banks & Brokers 48.46 28.42 Insurance 14.76 5.23 Communications 10.20 7.91 Property 7.29 3.21 Basic Industry 5.39 4.65 Utility 3.61 8.41 Consumer Non Cyclical 0.62 11.94 Capital goods 0.40 4.35 Treasury 0.00 0.00 Quasi / Sov / Supra / Agncy // / 0.00 7.20 Others 0.02 18.68 Cash 9.25 0.00
52399_May18.pdf Fidelity s Euro Corporate Bond Measures Annualised Volatility (3 years) (3 )% 3.68 2.72 Beta (3 years) (3 ) 1.27 - Sharpe Ratio (3 years) (3 ) 0.42 0.79 Yield to Maturity % 2.36 1.14 Running Yield % 2.76 2.10 Effective Duration 5.1 5.2 Average Credit Rating (Linear) BBB+ A- Asset Type Investment grade credit (extreasury) - ( ) % 75.93 99.67 Asset Type High yield bond (%) (%)% 14.81 0.28 Market : BofAML Euro Corporate Cap is for comparative purpose only. Details & Codes Date A-ACC-EUR A -- 12.06.09 31.20 FECBAAE LX LU0370787193 A-EUR A - 06.04.11 11.87 FECBADE LX LU0605514560 A-MDIST-EUR A -- 06.04.11 11.67 FECBAME LX LU0605514487 A: distributing share class. A-ACC: accumulating share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. Distribution amount not guaranteed. A A -A - Calendar Year Performance (%) A-ACC-EUR A -- 2.1 9.3-0.8 4.9 2.2 A-EUR A - 2.1 9.3-0.8 4.9 2.2 A-MDIST-EUR A -- 2.1 9.4-0.9 5.0 2.1 2.4 8.3-0.4 4.8 2.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-EUR A -- - - - A-EUR A - - - - A-MDIST-EUR A -- 0.0170 1.74 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 0.00 0.48 AA/Aa 0.00 10.21 A 3.44 40.42 BBB/Baa 72.48 48.56 BB/Ba 14.81 0.28 B 0.00 0.00 CCC and Below 0.00 0.00 Other 0.02 0.05 Cash 9.25 0.00 Total 100.00 100.00 Currency Exposure (%) EUR 100.00 100.00 USD 0.00 0.00 JPY 0.00 0.00 GBP 0.00 0.00 CAD 0.00 0.00 Other 0.00 0.00 Total 100.00 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
51324_May18.pdf Morningstar Rating Fidelity s Euro Short Term Bond This fund invests primarily in Euro-denominated debt securities, focusing its investments in investment grade European fixed-rate bonds with less than five years to maturity. This fund is subject to investment, foreign currency, credit rating risk and the risks of investing in securitised or structured debt instruments and mortgage-related securities. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Bond Details Manager David Simner Peter Khan Reference Currency EUR Size EUR2,158m () Max. Sales Charge 3.5% Annual Management Fee 0.50% Min. Subscription 2,500 Fidelity Code 1163 Performance (rebased to 100) (100) Investment Objective The fund invests primarily in Euro-denominated debt securities, focusing its investments in investment grade European fixed-rate bonds with less than five years to maturity. The average duration of the fund s investments will not exceed three years. The fund may invest up to 30% of its assets in non-euro denominated debt securities. Exposure to non-euro denominated debt securities may be hedged back into Euro (as described in the ). 30% ( ) Cumulative Performance (%) 3 6 A-ACC-EUR A -- -1.0-0.9-1.1-1.1 0.5 4.8 27.5-0.4-0.4-0.5-0.5 0.3 3.6 41.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-ACC-EUR A -- BofAML 1-3 Year Euro Broad Market 1-3 Top 10 Holdings 10 (%) GERMANY REP OF 0% 3/13/20 RGS 7.67 0.55 ITALY GOVT 0.65% 10/15/2023 4.49 0.00 EUROPEAN FINA 0.125% 10/23 RGS 4.46 0.00 PORTUGAL GOVT 4.95% 10/25/23 4.23 0.00 UNICREDIT SPA 6.95% 10/22 RGS 3.49 0.00 BNPSA STEP 03/20/26 REGS 3.12 0.07 KBC GRP 1.875%/VAR 3/27 REGS 3.00 0.00 SPAIN GOVT 0.45% 10/31/22 2.97 0.00 BANK IRELAND 4.25/VAR 6/24 RGS 2.91 0.00 RABOBANK NEDERLD 2.5% 5/26 RGS 2.79 0.09 Top 5 Issuers (%) (BKO) Federal Republic of Germany 7.67 2.39 (BTPS) Buoni Poliennali Del Tes 4.49 11.61 (EFSF) Efsf 4.46 1.37 (UCGIM) Unicredit Spa 4.38 0.22 (PGB) Portuguese Republic 4.23 1.50 Geographical Exposure (%) Country Germany 20.54 20.05 United Kingdom 12.63 3.24 Italy 11.85 14.54 France 11.83 21.91 United States 8.81 2.39 Spain 5.16 10.69 Multinational 4.46 4.18 Ireland 4.25 1.61 Portugal 4.23 1.71 Switzerland 3.62 0.89 Others 12.62 18.79 Sector Exposure (%) Sector Banks & Brokers 58.90 8.00 Treasury 20.94 52.09 Quasi / Sov / Supra / Agncy // / 4.46 16.90 Basic Industry 3.42 0.80 Insurance 1.89 0.55 Communications 1.33 1.31 Consumer Cyclical 1.05 1.92 Agency Mortgages 0.00 0.00 Property 0.00 0.43 Other 0.00 0.28 Others -0.03 17.72 Cash 8.04 0.00
51324_May18.pdf Fidelity s Euro Short Term Bond Measures Annualised Volatility (3 years) (3 )% 1.64 0.45 Beta (3 years) (3 ) 2.54 - Sharpe Ratio (3 years) (3 ) 0.28 0.85 Yield to Maturity % 1.47 0.04 Running Yield % 1.62 2.22 Effective Duration 2.3 2.0 Average Credit Rating (Linear) A- A+ Asset Type Investment grade credit (extreasury) - ( ) % 55.62 47.58 Asset Type High yield bond (%) (%)% 19.66 1.62 Market : BofAML 1-3 Year Euro Broad Market 1-3 is for comparative purpose only. Details & Codes Date A-ACC-EUR A -- 10.03.08 25.54 FFEUSBA LX LU0267388220 A-ACC: accumulating share class. A - Calendar Year Performance (%) A-ACC-EUR A -- 0.7 3.1 0.5 1.5 0.2 2.1 1.9 0.6 0.6-0.1 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Credit Rating Exposure (%) AAA/Aaa 9.26 26.67 AA/Aa 4.46 27.42 A 14.97 12.42 BBB/Baa 43.64 28.83 BB/Ba 19.66 1.62 B 0.00 0.00 CCC and Below 0.00 0.00 Other -0.03 3.04 Cash 8.04 0.00 Total 100.00 100.00 Currency Exposure (%) EUR 99.89 100.00 USD 0.11 0.00 JPY 0.00 0.00 GBP 0.00 0.00 CAD 0.00 0.00 Other 0.00 0.00 Total 100.00 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
46386_May18.pdf Morningstar Rating Fidelity s European High Yield This fund invests primarily in European high yield bonds. The fund is subject to investment, emerging markets (risks specific to the Russia market), foreign currency and credit rating risk, the specific risks of investing in European Economic Area and the risks of investing in securitised or structured debt instruments and mortgages-related securities. The fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks, and may invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. This fund can invest in derivative instruments which may involve additional risks, for example, leverage may cause greater volatility. Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. ( ) 1) 2) (C ) () Bond Details Manager Andrei Gorodilov James Durance Reference Currency EUR Size EUR3,270m () Max. Sales Charge 3.5% Annual Management Fee 1.00% Min. Subscription 2,500 Fidelity Code 1055 Performance (rebased to 100) (100) A-EUR A - BofAML Global High Yield European Issuers Constrained (Level 4 20% Capped) (hedged to Euro) (Level 4 20% ) ( ) Investment Objective This fund seeks a high level of current income and capital appreciation by investing primarily in high-yielding, sub investment grade securities of issuers that have their head office or who exercise a predominant part of their activity in Western, Central and Eastern Europe (including Russia). The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum rating standard. Most but not all will be rated for creditworthiness by an internationally recognised rating agency. ( ) () Cumulative Performance (%) 3 6 A-EUR A - -2.1-1.5-2.1 0.0 9.6 21.4 161.0 A-MDIST-EUR A -- -2.0-1.5-2.0 0.0 9.6 21.5 155.0 A-MDIST-USD (H) A --() -1.1-0.7-0.9 2.0 14.6 27.5 30.4 A-MINCOME(G)-EUR A -(G)-- -2.0-1.5-2.1 0.0 9.7-23.1-2.1-1.6-2.1 0.0 12.7 28.9 158.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) ALTICE SA 7.25 5/15/22 REGS 2.27 0.48 VERISURE MIDHO 5.75% 12/23 RGS 2.12 0.22 ORANO SA 4.875% 9/23/24 2.03 0.25 SIGMA HOLDCO BV 5.75% 5/26 RGS 1.34 0.15 GAZ CAP SA 7.288% 8/16/37 REGS 1.30 0.00 INTRUM JUSTITIA 2.75% 7/22 RGS 1.23 0.34 VIRGIN MEDIA SEC 6.25 3/29RGS 1.14 0.11 INTL PERSONAL FIN 5.75 4/21RGS 1.12 0.09 NXP BV/NXP 4.125% 6/1/21 144A 1.09 0.27 ARD FIN SA PIK 6.625% 09/15/23 1.06 0.20 Top 5 Issuers (%) (ALTICE) Altice SA 4.64 2.89 (AREVAF) New Areva Holding Sa 3.41 0.92 (TITIM) Telecom Italia Spa 2.70 2.99 (VERISR) Verisure Holding Ab 2.40 0.37 (SFRFP) Sfr Group Sa 2.22 2.62 Geographical Exposure (%) Country United Kingdom 17.72 18.61 Germany 10.58 8.15 Italy 9.48 12.75 Luxembourg 9.24 7.57 France 7.91 11.12 Netherlands 7.78 6.18 Russian Federation 6.80 6.00 Turkey 5.65 6.61 Sweden 4.51 2.02 Spain 4.33 6.02 Others 16.00 14.97 Sector Exposure (%) Sector Communications 21.12 23.20 Banks & Brokers 16.37 17.74 Other 10.30 4.07 Basic Industry 8.73 10.64 Consumer Cyclical 8.46 11.59 Capital goods 7.00 8.37 Energy 4.98 3.66 Utility 4.22 2.86 Consumer Non Cyclical 4.14 6.41 Quasi / Sov / Supra / Agncy // / 3.74 4.84 Others 6.26 6.62 Cash 4.68 0.00
46386_May18.pdf Fidelity s European High Yield Measures Annualised Volatility (3 years) (3 )% 4.47 3.95 Beta (3 years) (3 ) 1.09 - Sharpe Ratio (3 years) (3 ) 0.76 1.10 Yield to Maturity % 5.31 5.23 Running Yield % 4.77 5.29 Effective Duration 3.7 3.6 Average Credit Rating (Linear) BB- BB- Asset Type Investment grade credit (extreasury) - ( ) % 7.32 0.68 Asset Type High yield bond (%) (%)% 85.70 99.31 Market : BofAML Global High Yield European Issuers Constrained (Level 4 20% Capped) (hedged to Euro) (Level 4 20% ) () Prior to 31 Jan 13, the index was BofA ML Global High Yield European Issuers Constrained (hedged to Euro). Prior to 30 Jun 08 was ML Euro HY 3% Constrained. Prior to 30 Aug 02 was ML Euro High Yield. 2013 1 31 () 2008 6 30 3% 2002 8 30 is for comparative purpose only. Details & Codes Date A-EUR A - 26.06.00 10.00 FIDEUHG LX LU0110060430 A-MDIST-EUR A -- 09.06.03 11.27 FFEUHYA LX LU0168053600 A-MDIST-USD (H) A --() 27.03.13 10.48 FFEHAUH LX LU0882574212 A-MINCOME(G)-EUR A -(G)-- 18.06.13 9.42 FFEHYAU LX LU0937949070 A-ACC-EUR A -- 03.07.06 19.97 FIDEHYA LX LU0251130802 A-MINCOME-EUR A -- 13.04.11 10.64 FFEHYAM LX LU0605515021 A-ACC-USD (H) A --() 18.05.11 15.02 FFEHYUH LX LU0621411155 A-MINCOME(G)-HKD (H) A -(G)-() 09.04.14 93.94 FEHAMCH LX LU1046421365 A-HMDIST(G)-AUD (H) A -H(G)-() 03.06.15 9.53 FFEAHMD LX LU1235294482 A: distributing share class. A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. A-MDIST(H): monthly distributing hedged share class. A-MINCOME(G): monthly gross income share class. A-MINCOME: monthly income share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. Distribution amount not guaranteed. A A -A -() () A - A -(H) () A -(G): A - : A -H(G)() () Calendar Year Performance (%) A-EUR A - 8.8 2.2 0.9 8.2 6.3 A-MDIST-EUR A -- 8.8 2.2 0.9 8.3 6.2 A-MDIST-USD (H) A --() - 2.2 1.2 10.0 8.1 A-MINCOME(G)-EUR A -(G)-- - 2.1 0.9 8.2 6.2 9.3 3.4 4.1 9.7 6.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-EUR A - - - - A-MDIST-EUR 0.0338 3.61 01.05.18 A -- A-MDIST-USD (H) 0.0313 3.61 01.05.18 A --() A-MINCOME(G)-EUR 0.0394 5.07 01.05.18 A -(G)-- (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 0.00 0.00 AA/Aa 0.00 0.00 A 0.09 0.00 BBB/Baa 7.25 0.68 BB/Ba 44.09 66.81 B 30.87 27.64 CCC and Below 11.02 4.87 Other 2.00-0.00 Cash 4.68 0.00 Total 100.00 100.00 Semi-annual report Currency Exposure (%) EUR 97.99 100.00 USD 0.38 0.00 GBP 0.22 0.00 RUB 0.40 0.00 CHF 1.00 0.00 Other 0.01 0.00 Total 100.00 100.00 Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
40481_May18.pdf Fidelity s Flexible Bond This fund invests primarily in Sterling denominated debt securities. This fund is subject to investment, foreign currency, credit rating risks, the risks of investing in securitised or structured debt instruments and mortgages-related securities. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price, and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Bond Details Ian Spreadbury Manager Claudio Ferrarese Tim Foster Reference Currency GBP Size GBP285m () Max. Sales Charge 3.5% Annual Management Fee 1.00% Min. Subscription 2,500 Fidelity Code 1037 Performance (rebased to 100) (100) Investment Objective The fund aims to achieve income and capital growth by primarily investing in a broad range of fixed income instruments of issuers globally either denominated in Sterling or other currencies. Exposure to non-sterling denominated debt securities will be largely hedged back to Sterling. The fund may also invest in UCITS and UCIs. (Please refer to the offering document for the details of Portfolio Information) () UCITS UCI ( ) Cumulative Performance (%) 3 6 A-GBP A - -2.4-0.9-2.1-1.5 9.2 20.2 478.8 A-ACC-GBP A -- -2.6-1.0-2.3-1.7 9.1 20.0 71.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-GBP A - Top 10 Holdings 10 (%) UK GILT 1.25% 07/22/2018 8.24 CANADA GOVT 3.75% 6/01/19 6.22 USTN 4% 8/15/18 5.82 GERMANY FED REP0.5%2/15/28RGS 3.07 ELEC DE FRAN 6% 1/22/2114 144A 1.18 PETROLEOS MEXIC 5.35% 2/28 RGS 1.09 EEC EMTN 3.5% 6/04/21 1.06 UK GILT 3.5% 7/22/68 1.02 UK GILT 6% 12/07/28 0.95 ALBERTA PROV.625% 4/18/25 RGS 0.93 Top 5 Issuers (%) (UKT) Uk Tsy 1.25% 2018 11.90 (T) United States Of America 9.33 (CAN) Canadian Government 6.22 (DBR) Federal Republic of Germany 3.07 (EDF) Electricite De France Sa 2.69 Geographical Exposure (%) Country United Kingdom 38.15 United States 18.68 Canada 7.35 Germany 6.33 France 5.96 Italy 3.07 Mexico 2.48 Multinational 2.00 China 1.99 Switzerland 1.32 Others 12.67 Sector Exposure (%) Sector Treasury 32.62 Utility 9.91 Quasi / Sov / Supra / Agncy // / 8.70 Communications 7.02 Property 6.01 ABS / MBS / 5.88 Consumer Non Cyclical 5.85 Banks & Brokers 5.35 Capital goods 3.65 Basic Industry 3.28 Others 10.71 Cash 1.02
40481_May18.pdf Fidelity s Flexible Bond Measures Annualised Volatility (3 years) (3 )% 3.77 Sharpe Ratio (3 years) (3 ) 0.66 Yield to Maturity % 3.47 Running Yield % 3.67 Effective Duration 5.5 Average Credit Rating (Linear) A- Asset Type Investment grade credit (extreasury) - ( ) % 42.51 Asset Type High yield bond (%) (%)% 21.81 Details & Codes Date A-GBP A - 12.11.90 0.33 FIDSTBI LX LU0048620586 A-ACC-GBP A -- 25.09.06 1.72 FFSBAGA LX LU0261947765 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-GBP A - -2.9 12.8-0.8 9.5 3.4 A-ACC-GBP A -- -2.9 13.0-1.0 9.6 3.5 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-GBP A - 0.0020 2.45 01.05.18 A-ACC-GBP A -- - - - (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 22.18 AA/Aa 14.63 A 9.32 BBB/Baa 28.01 BB/Ba 14.93 B 6.66 CCC and Below 0.22 Other 3.03 Cash 1.02 Total 100.00 Currency Exposure (%) GBP 99.13 USD 0.63 EUR 0.38 CAD -0.14 MXN -0.02 Other 0.03 Rounding Adjustment -0.01 Total 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
40479_May18.pdf Morningstar Rating Fidelity s Global Bond This fund invests primarily in international bonds. This fund is subject to investment, foreign currency, credit rating and RMB currency risks, the risks of investing in securitised or structured debt instruments and mortgages-related securities. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in noninvestment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund s performance will be closely tied to the conditions in the European Economic Area, this may be subject to increased liquidity, price and foreign exchange risk. The fund may invest in onshore China fixed income securities directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the onshore China fixed income securities, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in credit linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). "QFII" ( ) () Bond Details Manager Rick Patel David Simner Reference Currency USD Size US$299m () Max. Sales Charge 3.5% Annual Management Fee 0.75% Min. Subscription 2,500 Fidelity Code 1036 Performance (rebased to 100) (100) Investment Objective The fund invests in global markets to maximise performance measured in US Dollars. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. (Please refer to the offering document for the details of Portfolio Information) ( ) Cumulative Performance (%) 3 6 A-USD A - -0.8-1.3-0.6 1.6 5.9 2.1 234.6 A-ACC-USD A -- -0.8-1.2-0.6 1.6 5.9 2.1 34.4-1.0-1.3-0.7 1.7 9.2 7.1 401.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-USD A - Bloomberg Barclays Global Aggregate Bond Top 10 Holdings 10 (%) CANADA GOVT 1.5% 6/01/23 6.88 0.02 USTN 2.375% 04/30/20 5.75 0.06 USTN 2.75% 05/31/23 3.30 0.07 USTN 2.875% 05/15/28 2.99 0.05 USTN 2.75% 04/30/23 2.90 0.07 USTN 2.75% 02/15/28 2.69 0.13 NORWAY GOVT 1.75% 2/17/27 2.68 0.01 USTN 2.5% 03/31/23 2.61 0.07 CANADA GOVT 1% 9/1/22 2.41 0.02 GERMANY GOVT 1% 10/12/18 RGS 2.10 0.00 Top 5 Issuers (%) (T) Us Treasury N/B 26.93 15.06 (CAN) Canadian Government 10.86 0.73 (NGB) Norwegian Government 4.47 0.09 (JGB) Japan 3.99 15.97 (BTPS) Republic of Italy 2.71 3.13 Geographical Exposure (%) Country United States 43.71 38.13 Canada 11.29 3.28 United Kingdom 10.30 5.56 Norway 4.47 0.34 Italy 4.00 3.67 Japan 3.99 17.40 Germany 3.98 5.23 France 3.04 6.01 Netherlands 2.66 1.64 Switzerland 2.45 0.88 Others 10.11 17.86 Sector Exposure (%) Sector Treasury 58.72 54.30 Banks & Brokers 14.92 5.19 Consumer Non Cyclical 5.77 2.59 Communications 5.27 1.58 Energy 3.47 1.46 Insurance 2.77 1.07 Quasi / Sov / Supra / Agncy // / 1.83 11.66 Property 1.23 0.54 Capital goods 1.12 0.87 Basic Industry 0.68 0.84 Others 1.27 19.90 Cash 2.95 0.00
40479_May18.pdf Fidelity s Global Bond Measures Annualised Volatility (3 years) (3 )% 5.14 5.06 Beta (3 years) (3 ) 0.94 - Sharpe Ratio (3 years) (3 ) 0.26 0.47 Yield to Maturity % 2.52 1.91 Running Yield % 2.39 2.45 Effective Duration 6.4 7.0 Average Credit Rating (Linear) A+ AA- Asset Type Investment grade credit (extreasury) - ( ) % 27.87 44.74 Asset Type High yield bond (%) (%)% 10.25 0.33 Market : Bloomberg Barclays Global Aggregate Bond Prior to 1 Sep 16, the index was Barclays Global Aggregate G5 x- US collateralized ex- European ABS (prior to 01.12.08 named as Lehman Brothers Global Aggregate G5 ex-mbs ). Prior to 30 Jun 03 was Citigroup World Government Bond. Prior to 31 May 00 was Citigroup G-7. Prior to 29 Aug 97 was Citigroup World Government Bond. Prior to 31 Aug 95 was Salomon Brothers World Bond. 2016 9 1 G5x( ) (2008 12 1 ()) 2003 6 30 2000 5 311997 8 29 1995 8 31 is for comparative purpose only. Details & Codes Date A-USD A - 01.10.90 1.15 FIDITBD LX LU0048582984 A-ACC-USD A -- 25.09.06 13.44 FFIBAEA LX LU0261946288 A: distributing share class. A-ACC: accumulating share class. A A - Calendar Year Performance (%) A-USD A - -3.3-1.2-5.4 1.8 7.5 A-ACC-USD A -- -3.2-1.2-5.3 1.7 7.5-2.7 0.0-3.5 3.0 7.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Credit Rating Exposure (%) AAA/Aaa 42.31 38.77 AA/Aa 9.63 15.57 A 12.19 26.53 BBB/Baa 20.94 15.97 BB/Ba 9.05 0.33 B 1.20 0.00 CCC and Below 0.00 0.00 Other 1.73 2.83 Cash 2.95 0.00 Total 100.00 100.00 Currency Exposure (%) USD 48.49 44.17 EUR 22.88 24.78 CAD 2.58 2.58 GBP 4.66 5.11 NOK 0.13 0.11 Other 21.26 23.26 Rounding Adjustment 0.00-0.01 Total 100.00 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
27151_May18.pdf Morningstar Rating Fidelity s Global Income This fund invests primarily in a portfolio of global fixed income securities. This fund may be subject to investment, emerging markets, foreign currency, credit rating and RMB currency risks. Although the fund will generally invest in income-producing securities, it is not guaranteed that all underlying investments will generate income and higher yields generally mean that there will be increased potential for capital appreciation and/or depreciation for fixed income securities. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund may invest in onshore China fixed income securities directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the onshore China fixed income securities, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in credit linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. "QFII" ( ) 1) 2) C () Bond Details Manager Peter Khan Kristian Atkinson Reference Currency USD Size US$281m () Max. Sales Charge 3.5% Annual Management Fee 0.90% Min. Subscription 2,500 Fidelity Code 1493 Performance (rebased to 100) (100) A-ACC-USD A -- Investment Objective This fund seeks a high level of current income and the potential for capital appreciation by primarily investing in a portfolio of global fixed income securities, including, but not limited to, investment grade corporate bonds and government bonds of varying maturities, and high yield bonds and emerging market debt denominated in various currencies. Emerging market debt may include investments within, although not limited to, Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. (Please refer to the offering document for the details of Portfolio Information) ( )( ) ( ) Cumulative Performance (%) 3 6 A-ACC-USD A -- -1.6-1.4-1.0 2.4 9.1 13.4 13.1 A-MINCOME(G)-USD A -(G)- -1.6-1.4-1.0 2.4 9.1 13.8 13.6 A-MINCOME(G)-USD (H) A -(G)-() -1.5-1.1-1.2 1.1 8.5-15.3 A-MINCOME(G)-HKD (H) A -(G)-() -1.9-1.3-1.6 0.2 - - 2.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 09.04.13 to the launch year end was 2.3%. is for comparative purpose only. 2013 4 9(A --) 2.3% Top 10 Holdings 10 (%) AUSTRIA GOVT.5% 04/20/27 144A 2.39 ICSL 17-1 A1 12MGBL+100 7/56 1.72 CITIGROUP 1.625% 03/21/28 RGS 1.35 USTN TII 0.625% 01/15/26 1.33 MYLAN INC 4.55% 04/15/28 144A 1.32 NESTLE HOLD.875% 7/18/25 RGS 1.27 BK OF AMER 3.419%/VAR 12/20/28 1.18 TENCENT HLD 3.595% 1/19/28 RGS 1.14 LIMA METRO LINE5.875%7/5/34RGS 1.13 MORGAN STANLEY 3.625% 01/20/27 1.08 Top 5 Issuers (%) (C) Citigroup Inc 2.42 (TII) Tsy Infl Ix N/B 2.41 (RAGB) Republic Of Austria 2.39 (ICSL) Income Contingent Student Loans 1.72 (BAC) Bank Of America Corp 1.70 Geographical Exposure (%) Country United States 42.39 United Kingdom 7.79 China 5.53 France 3.17 Italy 3.10 Indonesia 2.80 Brazil 2.40 Austria 2.39 Switzerland 2.39 Germany 2.26 Others 25.78 Sector Exposure (%) Sector Banks & Brokers 12.65 Consumer Non Cyclical 11.62 Communications 9.18 Quasi / Sov / Supra / Agncy // / 9.09 Energy 8.86 Basic Industry 6.79 Consumer Cyclical 5.48 Capital goods 5.32 Utility 5.18 Treasury 5.06 Others 19.58 Cash 1.19
27151_May18.pdf Fidelity s Global Income Measures Annualised Volatility (3 years) (3 )% 4.86 Sharpe Ratio (3 years) (3 ) 0.48 Yield to Maturity % 5.10 Running Yield % 4.35 Effective Duration 4.3 Average Credit Rating (Linear) BBB- Asset Type Investment grade credit (extreasury) - ( ) % 52.82 Asset Type High yield bond (%) (%)% 40.34 Details & Codes Date A-ACC-USD A -- 09.04.13 11.31 FDGAAUS LX LU0882574303 A-MINCOME(G)-USD A -(G)- 09.04.13 9.07 FDGAMIU LX LU0882574568 A-MINCOME(G)-USD (H) A -(G)-() 10.01.14 9.62 FGIFUSH LX LU0997587323 A-MINCOME(G)-HKD (H) A -(G)-() 12.09.16 9.63 FFGIAMH LX LU1481012216 A-HMDIST(G)-AUD (H) A -H(G)-() 09.05.18 10.00 FGAHGAH LX LU1816631466 A-ACC: accumulating share class. A-MINCOME(G): monthly gross income share class. A-MINCOME(G)(H): monthly gross income hedged share class. A-HMDIST(G)(H): monthly distributing gross income hedged share class. Distribution amount not guaranteed. A -A -(G): A (G) (): () A -H(G)() () Calendar Year Performance (%) A-ACC-USD A -- - 1.3-4.7 6.7 9.0 A-MINCOME(G)-USD A -(G)- - 1.3-4.7 6.7 9.1 A-MINCOME(G)-USD (H) A -(G)-() - - -2.1 8.0 6.4 A-MINCOME(G)-HKD (H) A -(G)-() - - - - 5.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is performance (A-ACC-USD) from launch date 09.04.13 to the launch year end was 2.3%. 2013 4 9(A --) 2.3% Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-USD A -- - - - A-MINCOME(G)-USD A -(G)- 0.0317 4.26 01.05.18 A-MINCOME(G)-USD (H) 0.0340 A -(G)-() 4.31 01.05.18 A-MINCOME(G)-HKD (H) 0.0334 A -(G)-() 4.23 01.05.18 (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 2.13 AA/Aa 10.41 A 14.82 BBB/Baa 30.26 BB/Ba 22.27 B 15.52 CCC and Below 2.55 Other 0.85 Cash 1.19 Total 100.00 Semi-annual report Currency Exposure (%) USD 102.43 EUR -2.20 GBP -2.11 CHF 0.51 IDR 0.00 Other 1.37 Total 100.00 Product Key Facts For A-HMDIST(G)(hedged) share class, dividend distributions may include a premium when the interest rate of the hedged currency is higher than the fund s reference currency interest rate and may be discounted when the interest rate of the hedged currency is lower than the fund s reference currency interest rate. The Board expects to recommend distribution of substantially the whole gross Investment income, and may determine the extent dividends may be paid out of realised and unrealised capital gains as well as capital. A -H(G)() Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
51520_May18.pdf Fidelity s Global Inflation-linked Bond This fund invests primarily in global inflation-linked bonds, nominal bonds and other debt securities. This fund may be subject to investment, emerging markets, foreign currency, credit rating risk and the risks of investing in securitised or structured debt instruments. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund s performance will be closely tied to the conditions in the European Economic Area, the fund may be subject to increased liquidity, price and foreign exchange risk. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) () Bond Details Manager Tim Foster Ian Fishwick Reference Currency USD Size US$1,363m () Max. Sales Charge 3.5% Annual Management Fee 0.50% Min. Subscription 2,500 Fidelity Code 1172 Performance (rebased to 100) (100) Investment Objective The aim of the fund is to generate an attractive real level of income and capital appreciation by utilising a range of strategies from within, amongst others, the global inflation-linked, interest rate and credit markets. These strategies include, but are not limited to, active yield curve strategies, sector rotation, security selection, relative value management and duration management. The fund primarily invests in bonds and short-term securities. It may also invest in derivatives. The fund invests primarily in inflationlinked bonds, nominal bonds and other debt securities of worldwide issuers in developed and emerging markets including but not limited to those issued by governments, agencies, supranationals, corporations and banks. The fund may invest up to 30% in Money Market Instruments and bank deposits, up to 25% in convertible bonds and up to 10% in shares and other participations rights. These investments include investment grade and non investment grade assets. The fund may also invest in UCITS and UCIs. ( )30% 25% 10% UCITS UCI Cumulative Performance (%) 3 6 A-ACC-USD A -- -1.2-1.1-0.8 1.6 1.8-6.1 4.9 A-ACC-EUR (H) A --() -0.9 0.2-0.9-1.0-1.7-5.3 17.4-1.1-1.0-0.5 1.8 4.4-0.2 11.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-ACC-USD A -- Barclays World Government Inflation-Linked 1-to-10 Year (1-10) Top 10 Holdings 10 (%) USTN TII 0.125% 07/15/24 13.37 2.34 USTN TII 0.375% 07/15/27 9.17 2.04 UK GILT I/L 1.875% 11/22/22 8.74 1.88 USTN TII 1.875% 7/15/19 6.77 1.02 USTN TII 0.25% 01/15/25 5.66 2.34 ITALY GOVT I/L 2.35% 09/15/24 5.09 0.95 UK GILT I/L 0.125% 3/26 REGS 4.94 1.25 USTN TII 0.5% 01/15/28 3.98 2.14 JAPAN GOVT 22 I/L 0.1% 3/10/27 2.98 0.92 GERMANY GOVT I/L 1.75% 4/15/20 2.96 1.25 Top 5 Issuers (%) (TII) Tsy Infl Ix N/B 47.41 56.32 (UKTI) Tsy 1 7/8% 2022 I/L Gilt 14.49 10.90 (BTPS) Buoni Poliennali Del Tes 5.72 7.54 (DBRI) Deutschland I/L Bond 5.62 3.50 (JGBI) Japan Govt Cpi Linked 4.49 4.58 Geographical Exposure (%) Country United States 52.96 56.32 United Kingdom 15.86 10.90 Germany 7.53 3.50 Italy 5.72 7.54 France 4.54 10.86 Japan 4.49 4.58 Australia 2.55 1.27 Spain 2.01 2.63 Canada 1.75 0.85 Denmark 1.27 0.33 Others 1.32 1.22 Sector Exposure (%) Sector Treasury 92.94 100.00 Utility 1.98 0.00 Quasi / Sov / Supra / Agncy // / 0.52 0.00 Basic Industry 0.41 0.00 Transportation 0.18 0.00 Consumer Non Cyclical 0.06 0.00 Agency Mortgages 0.00 0.00 Banks & Brokers 0.00 0.00 Insurance 0.00 0.00 Property 0.00 0.00 Others 0.14 0.00 Cash 3.77 0.00
51520_May18.pdf Fidelity s Global Inflation-linked Bond Measures Annualised Volatility (3 years) (3 )% 3.79 3.48 Beta (3 years) (3 ) 1.04 - Sharpe Ratio (3 years) (3 ) 0.01 0.24 Yield to Maturity % 0.02-0.1 Running Yield % 0.80 0.92 Effective Duration 5.6 5.3 Average Credit Rating (Linear) AA AA Asset Type Investment grade credit (extreasury) - ( ) % 3.15 0.00 Asset Type High yield bond (%) (%)% 0.00 0.00 Market : Barclays World Government Inflation-Linked 1-to-10 Year (1-10) Prior to 6 Mar 11, the index was Barclays Capital World Government Inflation-linked Bond. Prior to 31 Jan 10 was BofA Merrill Lynch Global Governments Inflation-linked Bond. 2011 3 62010 1 31 is for comparative purpose only. Details & Codes Date A-ACC-USD A -- 29.05.08 10.49 FIDILAU LX LU0353648891 A-ACC-EUR (H) A --() 29.05.08 11.74 FIDGILA LX LU0353649279 A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class A -A -() () Calendar Year Performance (%) A-ACC-USD A -- -4.2-4.8-5.3 0.6 5.9 A-ACC-EUR (H) A --() -4.7-0.4-2.9 2.2 0.1-3.7-2.7-3.3 1.3 6.3 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Credit Rating Exposure (%) AAA/Aaa 53.36 51.77 AA/Aa 27.50 33.30 A 5.07 4.74 BBB/Baa 9.40 8.92 BB/Ba 0.00 0.00 B 0.00 0.00 CCC and Below 0.00 0.00 Other 0.90 1.27 Cash 3.77 0.00 Total 100.00 100.00 Currency Exposure (%) USD 55.48 56.32 EUR 24.89 24.52 GBP 11.07 10.90 JPY 4.67 4.58 AUD 1.28 1.27 Other 2.62 2.41 Rounding Adjustment -0.01 0.00 Total 100.00 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
52008_May18.pdf Fidelity s Global Short Duration Income This fund invests primarily in global diversified portfolio of high quality and short-dated bonds. This fund may be subject to investment, emerging markets, foreign currency, RMB currency and credit rating risk, and the risk of investing in loans. Although the fund will generally invest in income-producing securities, it is not guaranteed that all underlying investments will generate income and higher yields generally mean that there will be increased potential for capital appreciation and/or depreciation for fixed income securities. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund is subject to risks associated with investments in China fixed income instruments, such as credit, insolvency and liquidity risk of fixed income instruments. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). ( ) (), Bond Details Manager Peter Khan Reference Currency USD Size US$215m () Max. Sales Charge 3.5% Annual Management Fee 0.75% Min. Subscription 2,500 Fidelity Code 1181 Performance (rebased to 100) (100) Investment Objective This fund seeks to deliver an attractive income whilst maintaining an average duration of investments that does not exceed three years. The fund primarily invests in a portfolio of global fixed income securities, including, but not limited to, investment grade (as rated by internationally recognised rating agencies) corporate bonds and government bonds of varying maturities, and high yield bonds and emerging market debt denominated in various currencies. Emerging market debt may include investments within, although not limited to, Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest into Money Market Instruments and/or other short term debt instruments including certificates of deposit, commercial paper and floating rate notes, as well as in cash and cash equivalents. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. The portfolio seeks to maintain an overall average credit rating of investment grade, but the fund may invest up to 50% of its assets in high yield bonds. (Please refer to the offering document for the details of Portfolio Information) 50%( ) Cumulative Performance (%) 3 6 A-ACC-USD A -- 0.5 0.4 0.4 2.1-1.7-11.9 10.2 A-MDIST-USD A -- 0.4 0.3 0.3 2.1-1.8-11.9 10.1 A-ACC-EUR A -- 3.4 5.0 2.3-1.6-7.4-2.0-3.6 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-ACC-USD A -- Top 10 Holdings 10 (%) FRANCE GOVT I/L 2.1% 7/25/23 2.51 USTN TII 0.125% 04/15/21 2.35 SPRINT SPECTRM 3.36% 3/23 144A 2.15 MEXICO GOVT 6.5% 6/10/21 2.15 ABN AMRO BANK N 2.5% 11/29/23 1.71 INVESTEC BK 9.625 2/17/22 RGS 1.64 UNITED HEALTH GR 3.35% 7/15/22 1.61 GE CAP CORP 3.15% 9/07/22 1.58 ROCHE FINANCE E.5% 02/27/23 R 1.56 BPCE SA 1.125% 1/18/23 RGS 1.44 Top 5 Issuers (%) (FRTR) France (Govt Of) 3.36 (TII) Tsy Infl Ix N/B 2.35 (SPRNTS) Sprint Spectrum / Spec I 2.15 (MBONO) Mex Bonos Desarr Fix Rt 2.15 (PEMEX) PETROLEOS MEXI FRN 8/24/23 RGS 1.95 Geographical Exposure (%) Country United States 39.92 United Kingdom 12.83 France 7.38 China 6.75 Germany 5.15 Mexico 4.79 Netherlands 2.46 Italy 2.15 Singapore 1.68 Switzerland 1.56 Others 15.33 Sector Exposure (%) Sector Banks & Brokers 14.33 Consumer Non Cyclical 12.15 Consumer Cyclical 10.23 Quasi / Sov / Supra / Agncy // / 9.45 Treasury 9.10 Communications 6.74 Energy 5.77 Capital goods 5.20 Other 3.45 Insurance 3.28 Others 15.28 Cash 5.02 Effective from 7 December 2017, Fidelity s - Global High Grade Income is renamed to Fidelity s - Global Short Duration Income 自 2017 年 12 月 7 日, 富達基金 - 環球優質債券基金的名稱已改為富達基金 - 環球短期債券基金
52008_May18.pdf Fidelity s Global Short Duration Income Measures Annualised Volatility (3 years) (3 )% 5.93 Sharpe Ratio (3 years) (3 ) -0.20 Yield to Maturity % 4.25 Running Yield % 4.55 Effective Duration 1.8 Average Credit Rating (Linear) BBB Asset Type Investment grade credit (extreasury) - ( ) % 56.58 Asset Type High yield bond (%) (%)% 27.77 Details & Codes Date A-ACC-USD A -- 25.11.08 11.02 FDHGIAA LX LU0390710027 A-MDIST-USD A -- 25.11.08 6.86 FDHGIAI LX LU0390710613 A-ACC-EUR A -- 14.05.12 9.64 FDGHAAE LX LU0766124712 A-ACC: accumulating share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. Distribution amount not guaranteed. A -A - Calendar Year Performance (%) A-ACC-USD A -- -3.8-7.9-10.7-1.2 6.3 A-MDIST-USD A -- -3.8-7.8-10.7-1.2 6.3 A-ACC-EUR A -- -8.0 4.9-0.5 1.7-6.7 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-ACC-USD A -- - - - A-MDIST-USD A -- 0.0154 2.73 01.05.18 A-ACC-EUR A -- - - - (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 2.35 AA/Aa 7.89 A 17.94 BBB/Baa 36.27 BB/Ba 14.87 B 10.24 CCC and Below 2.65 Other 2.77 Cash 5.02 Total 100.00 Currency Exposure (%) USD 100.68 EUR -1.02 GBP -0.92 MXN 0.10 CLP 0.07 Other 1.09 Total 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
53627_May18.pdf Fidelity s Global Strategic Bond This fund invests primarily in a broad range of fixed income instruments of issuers globally. This fund may be subject to investment, emerging markets, foreign currency, credit rating and RMB currency risk and the risks of investing in securitised or structured debt instruments, mortgages-related securities and loans. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund s performance will be closely tied to the conditions in the European Economic Area, this may be subject to increased liquidity, price and foreign exchange risk. The fund may invest in onshore China fixed income securities directly through the Qualified Foreign Institutional Investor ( QFII ) scheme and may incur losses due to limited investment opportunities, illiquidity of the onshore China fixed income securities, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in credit linked notes which may subject to the default risk of the structurer of the note. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). "QFII" ( ) () Bond Details Manager Tim Foster Claudio Ferrarese Reference Currency USD Size US$372m () Max. Sales Charge 3.5% Annual Management Fee 1.00% Min. Subscription 2,500 Fidelity Code 1688 Performance (rebased to 100) (100) Investment Objective The fund seeks to maximise return through capital appreciation and income by primarily investing in a broad range of fixed income instruments of issuers globally. The fund will adopt an active asset allocation approach, which may include investment into high yield instruments and emerging markets. Investments will not be required to meet minimum rating standards. The fund may also invest in UCITS and UCIs. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. (Please refer to the offering document for the details of Portfolio Information) UCITS UCI( ) Cumulative Performance (%) 3 6 A-ACC-USD A -- -1.3-0.8-1.0 0.4 2.8-3.5 0.5 A-EUR (H) A -() -2.5-1.6-2.3-1.8-1.1 0.7 11.1 A-ACC-EUR (H) A --() -2.5-1.5-2.3-1.9-1.3 0.6 10.9 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is A-ACC-USD A -- Top 10 Holdings 10 (%) GERMANY GOVT 0% 04/14/23 RGS 7.32 USTN 1.5% 08/15/26 4.79 USTN TII 0.5% 01/15/28 2.79 CADENT FINANCE 1.125% 9/21 RGS 2.60 USTN 2.375% 05/15/27 2.57 GERMANY FED REP0.5%2/15/28RGS 2.16 SUMIBK 10.231 PERP-29 T1 REGS 1.63 COOP RABOBANK 6.875 3/20 RGS 1.33 CADENT FINA 2.125% 9/22/28 RGS 1.17 PETROLEOS MEXIC 5.35% 2/28 RGS 1.14 Top 5 Issuers (%) (T) United States of America 8.63 (OBL) Federal Republic of Germany 7.32 (CDTFIN) Cadent Finance Plc 3.78 (DBR) Bundesrepub. Deutschland 3.38 (TII) United States of America 2.79 Geographical Exposure (%) Country United States 22.88 United Kingdom 22.53 Germany 13.57 France 5.40 Italy 4.33 Switzerland 3.01 Netherlands 2.86 China 2.84 Spain 1.84 Australia 1.69 Others 19.05 Sector Exposure (%) Sector Treasury 25.14 Banks & Brokers 13.30 Utility 8.95 Quasi / Sov / Supra / Agncy // / 7.28 Basic Industry 7.24 Property 6.75 Consumer Non Cyclical 6.46 Communications 5.56 Capital goods 4.29 ABS / MBS / 3.19 Others 13.20 Cash -1.36
53627_May18.pdf Fidelity s Global Strategic Bond Measures Annualised Volatility (3 years) (3 )% 5.06 Sharpe Ratio (3 years) (3 ) 0.07 Yield to Maturity % 4.33 Running Yield % 3.88 Effective Duration 4.0 Average Credit Rating (Linear) BBB+ Asset Type Investment grade credit (extreasury) - ( ) % 50.02 Asset Type High yield bond (%) (%)% 22.98 Details & Codes Date A-ACC-USD A -- 08.03.11 10.05 FFGSAAU LX LU0594300849 A-EUR (H) A -() 08.03.11 10.18 FFGSAEH LX LU0594301060 A-ACC-EUR (H) A --() 08.03.11 11.09 FFGSAAE LX LU0594300682 A-ACC: accumulating share class. A-ACC(H): accumulating hedged share class. A(H): distributing hedged share class. A -A -() () A () () Calendar Year Performance (%) A-ACC-USD A -- -3.4-3.9-5.5 2.2 5.4 A-EUR (H) A -() -1.1 2.3-2.4 2.4 2.3 A-ACC-EUR (H) A --() -1.0 2.4-2.5 2.5 2.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Credit Rating Exposure (%) AAA/Aaa 20.17 AA/Aa 7.09 A 8.78 BBB/Baa 38.39 BB/Ba 15.12 B 7.52 CCC and Below 0.34 Other 3.95 Cash -1.36 Total 100.00 Currency Exposure (%) EUR 0.59 USD 99.99 GBP -0.67 NZD 0.03 AUD 0.03 Other 0.03 Total 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
40480_May18.pdf Fidelity s US Dollar Bond This fund invests primarily in US dollar denominated bonds. This fund is subject to investment and credit rating risk, the risks of investing in securitised or structured debt instruments. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks, as well as foreign currency risk. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Lipper Awards Hong Kong 2016, Bond US Dollar - 5 years# 2016-5 Morningstar Rating ( ) () Bond Details Manager Rick Patel Reference Currency USD Size US$813m () Max. Sales Charge 3.5% Annual Management Fee 0.75% Min. Subscription 2,500 Fidelity Code 1034 Performance (rebased to 100) (100) A-USD A - ICE BofAML US Large Cap Corporate & Govt ICE Investment Objective The fund invests principally in US Dollar denominated debt securities. Cumulative Performance (%) 3 6 A-USD A - -1.5 0.7-1.4-0.9 3.0 9.0 296.1 A-MDIST-USD A -- -1.5 0.7-1.4-0.9 2.9 8.9 65.1 A-ACC-USD A -- -1.4 0.7-1.4-0.8 3.0 9.0 53.2-1.7 0.5-1.2-0.5 4.2 10.0 399.4 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) USTN 2.75% 02/15/28 12.48 0.42 USTN 2.25% 10/31/24 10.77 0.17 USTN 2.5% 03/31/23 8.24 0.25 USTB 2.75% 11/15/47 5.48 0.24 USTN 2.875% 05/15/28 4.58 0.19 USTN 2.75% 04/30/23 3.39 0.24 USTB 3% 02/15/48 3.20 0.27 USTN 2.375% 04/30/20 3.10 0.22 USTN 2.75% 05/31/23 3.08 0.25 CANADA GOVT 1.5% 6/01/23 2.71 0.00 Top 5 Issuers (%) (T) Us Treasury N/B 61.89 57.56 (CAN) Canadian Government 4.18 0.00 (BACR) Barclays Plc 1.73 0.18 (UBS) Ubs Ag London 1.27 0.15 (GIS) General Mills Inc 1.11 0.05 Geographical Exposure (%) Country United States 76.14 82.43 United Kingdom 6.05 1.72 Canada 4.51 1.44 France 2.34 0.89 Netherlands 2.13 0.69 Switzerland 1.85 0.61 Italy 1.26 0.16 Ireland 1.24 0.08 Spain 1.24 0.15 Germany 0.72 1.37 Others 2.52 10.46 Sector Exposure (%) Sector Treasury 66.07 57.56 Banks & Brokers 11.65 8.80 Consumer Non Cyclical 5.60 5.01 Communications 4.03 2.69 Insurance 2.66 1.54 Energy 2.52 3.14 Quasi / Sov / Supra / Agncy // / 1.49 10.87 Technology 1.17 2.49 Capital goods 0.96 1.43 Property 0.94 0.46 Others 1.98 6.01 Cash 0.93 0.00
40480_May18.pdf Fidelity s US Dollar Bond Measures Annualised Volatility (3 years) (3 )% 3.10 3.10 Beta (3 years) (3 ) 0.99 - Sharpe Ratio (3 years) (3 ) 0.13 0.26 Yield to Maturity % 3.71 3.14 Running Yield % 3.42 2.97 Effective Duration 6.5 6.5 Average Credit Rating (Linear) AA- AA Asset Type Investment grade credit (extreasury) - ( ) % 23.78 42.22 Asset Type High yield bond (%) (%)% 8.83 0.09 Market : ICE BofAML US Large Cap Corporate & Govt ICE Prior to Feb 02, the index was Citigroup Eurodollar Bond. Prior to Aug 95 was Citigroup Eurodollar Straight Bond. 2002 21995 8 is for comparative purpose only. Details & Codes Date A-USD A - 12.11.90 7.04 FIDDLBI LX LU0048622798 A-MDIST-USD A -- 09.06.03 11.27 FFUSDBA LX LU0168055563 A-ACC-USD A -- 25.09.06 15.32 FFUDAUA LX LU0261947682 A: distributing share class. A-ACC: accumulating share class. A-MDIST: monthly distributing share class, available to selected intermediaries only. Distribution amount not guaranteed. A A -A - Calendar Year Performance (%) A-USD A - -3.3 6.8 0.3 2.3 3.3 A-MDIST-USD A -- -3.2 6.8 0.3 2.3 3.3 A-ACC-USD A -- -3.3 6.8 0.3 2.2 3.3-2.7 6.3 0.4 2.7 3.8 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Dividend Dividend per Unit Annualised distributions# (%) Ex-Dividend Date A-USD A - - - - A-MDIST-USD A -- 0.0147 1.59 01.05.18 A-ACC-USD A -- - - - (#) Annualised distributions = [(1+dividend per share/ex-dividend )^distribution frequency]-1. Annualised distributions are for indicative purpose only, which may be higher or lower than the actual annual dividend distributions. Dividend rate of the fund does not represent the return of the fund, and past dividend rate does not represent future dividend rate. Distribution amount is not guaranteed. Please see www.fidelity.com.hk for full details of dividend information of all applicable share classes. = [ 1+ / ^ ]- www.fidelity.com.hk Credit Rating Exposure (%) AAA/Aaa 61.91 61.92 AA/Aa 5.32 5.76 A 6.03 15.00 BBB/Baa 16.58 17.11 BB/Ba 7.96 0.09 B 0.87 0.00 CCC and Below 0.00 0.00 Other 0.40 0.12 Cash 0.93 0.00 Total 100.00 100.00 Currency Exposure (%) USD 103.71 100.00 EUR -2.13 0.00 CAD 0.11 0.00 GBP -0.53 0.00 PLN -0.04 0.00 Other -1.11 0.00 Rounding Adjustment -0.01 0.00 Total 100.00 100.00 Semi-annual report Product Key Facts Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposure basis is domicile of issuer. Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities and does not include the impact of fees. Effective Duration takes into account all investments in the fund, including derivatives. Average Credit Rating takes into account all investments in the fund, including derivatives. The weight assigned to each issue is equal to its market value weight. The credit rating table excludes derivatives. Currency exposure is after hedging. : () () () ( ) Morningstar, Inc. All Rights Reserved. Morningstar Rating as of 31/05/2018 (if applicable). Morningstar 31/05/2018 ( ) ( ) Volatility measures are not calculated for funds which are less than 3 years old. # Awards (if applicable) reflect fund performance of the previous calendar year. ( ) risks and volatility associated with sector funds. Investment involves risks. Past performance is not indicative of future performance. Please refer to the Fidelity for Hong Kong Investors for () ()/Fidelity Fidelity International Fidelity International FFIL Limited
91306_May18.pdf Fidelity s US High Yield This fund invests primarily in US high yield bonds. The fund is subject to investment, foreign currency risk, the risks of investing in securitised or structured debt instruments and loans. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility). Dividend of certain share classes, at the Board s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund s per share. Morningstar Rating Lipper Awards Hong Kong 2017, Bond US Dollar - High Yield - 10 years# 2017-10 Lipper Awards Hong Kong 2013, Bond US Dollar - High Yield - 5 years# 2013-5 ( ) 1) 2) (C ) () Bond Details Manager Harley J Lank Reference Currency USD Size US$3,691m () Max. Sales Charge 3.5% Annual Management Fee 1.00% Min. Subscription 2,500 Fidelity Code 1012 Performance (rebased to 100) (100) A-USD A - ICE BofAML US High Yield Constrained ICE Investment Objective The fund seeks a high level of current income and capital appreciation by investing primarily in high-yielding, lower-quality securities of issuers that have their principal business activities in the United States. This fund will suit those investors seeking high income and capital appreciation and who are prepared to accept the risks associated with this type of investment. The type of debt securities in which the fund will primarily invest will be subject to high risk, will not be required to meet a minimum rating standard and may not be rated for creditworthiness by any internationally recognised rating agency. Cumulative Performance (%) 3 6 A-USD A - -0.2 0.1 0.3 3.1 13.0 23.1 197.8 A-MDIST-USD A -- -0.2 0.1 0.3 3.0 13.0 23.1 166.8 A-ACC-USD A -- -0.1 0.1 0.4 3.2 13.0 23.1 43.0 A-MINCOME(G)-USD A -(G)- -0.2 0.1 0.4 3.1 13.0-24.7-0.3 0.0 0.0 2.3 15.4 26.9 245.2 Source: Fidelity, - basis, in respective currencies with dividends re-invested. performance (if any) is Top 10 Holdings 10 (%) GMAC LLC MTN 8% 12/31/18 1.51 0.00 ALLY FINANCIAL INC 8% 11/01/31 1.44 0.19 APX GRP INC 8.75% 12/1/20 1.32 0.07 CHS/CMNTY HEALTH 6.25% 3/31/23 1.17 0.23 CCO HLDGS/CAP 5.125% 5/27 144 1.14 0.24 VRX ESCROW 5.875% 5/23 144A 1.11 0.25 INTERGEN NV 7.0% 06/30/23 144A 1.09 0.04 CITIGROUP 5.35% PERP 1.04 0.00 TENET HEALTHCARE 6.75% 6/15/23 1.03 0.16 ALTICE SA 7.75% 05/15/22 144A 1.01 0.23 Top 5 Issuers (%) (ALLY) Ally Financial Inc 3.69 0.81 (VRXCN) Valeant Pharmaceuticals 2.93 1.59 (THC) Tenet Healthcare Corp 2.65 1.15 (S) Sprint Capital Corp 2.49 1.85 (CHK) Chesapeake Energy Corp 2.39 0.50 Geographical Exposure (%) Country United States 80.05 84.27 Luxembourg 3.10 2.23 United Kingdom 2.83 2.96 Canada 2.70 4.45 Netherlands 2.55 0.94 France 1.56 0.95 Brazil 1.45 0.05 Ireland 1.11 1.06 Zambia 0.87 0.00 Trinidad and Tobago 0.60 0.00 Others 3.18 3.09 Sector Exposure (%) Sector Communications 17.23 19.61 Consumer Non Cyclical 16.54 12.96 Energy 14.62 15.18 Consumer Cyclical 9.13 11.35 Banks & Brokers 8.65 3.62 Basic Industry 7.93 8.39 Utility 6.52 2.52 Technology 4.75 7.07 Capital goods 4.70 8.67 Other 3.09 3.77 Others 5.10 6.86 Cash 1.74 0.00