Fidelity Funds For Investment Professionals Only

Asian Special Situations Fund W-GBP 31 August 2021

FUND FACTS STRATEGY Launch date: 03.10.94 Teera has a disciplined, fundamentals-driven bottom-up security selection approach to capture structural growth in Asia. He looks for stocks that have strong business models with clear runway of growth or with a sustainable improvement Portfolio manager: Teera Chanpongsang in growth profile, which trade below their intrinsic value. Typically, these businesses are well managed by teams with a Appointed to fund: 01.07.21 strong sustainability-oriented mindset and a strong track record. ESG considerations are well integrated in the investment

Fund size: £2,754m process. The outcome is a portfolio that offers ‘quality growth at a reasonable price’. Equity Number of positions in fund: 70 CUMULATIVE PERFORMANCE IN GBP (REBASED TO 100) Fund reference currency: US Dollar (USD) Fund domicile: Luxembourg Fund legal structure: SICAV Active Money: 59.6%

SHARE CLASS FACTS Other share classes may be available. Please refer to the prospectus for more details. Launch date: 24.06.15 NAV price in share class currency: 1.883 ISIN: LU1235295968 SEDOL: BY2Z9W5 ■_Fund____■_Index____ Bloomberg: FIDWGBP LX Performance is shown for the last five years (or since launch for funds launched within that period). Dealing cut-off: 12:00 UK time (normally 13:00 Central European Time) PERFORMANCE TO 31.08.21 IN GBP (%) Distribution type: Income Since 1m 3m YTD 1yr 3yr 5yr Distribution frequency: Annual 24.06.15* Ongoing Charges Figure (OCF) per year: 1.07% Fund cumulative growth 2.4 -4.4 -0.6 15.1 26.4 64.7 96.8 (30.04.21) Index cumulative growth 3.3 -2.4 0.0 14.4 26.5 63.5 83.1 OCF takes into account annual management charge Fund annualised growth - - - 15.1 8.1 10.5 11.6 per year: 0.80% Index annualised growth - - - 14.4 8.2 10.3 10.3 Peer Group Universe: Morningstar EAA Fund Asia ex- Quartile rank (Y-USD)** 3 4 3 2 3 2 Japan Equity *Performance commencement date. **Quartile ranking is that of the class included in the Peer Group Universe. Quartile ranking Market index from 01.08.14: MSCI AC Asia ex Japan is an internal Fidelity International calculation.. Index (Net) Market index is for comparative purposes only. The same index is MEASURES (3 YEARS) used in the positioning tables on this factsheet. Where the effective date for the current market index is after the share class launch Annualised Volatility: fund (%) 15.74 Beta 1.05 date, full history is available from Fidelity. Relative Volatility 1.08 Annualised Tracking Error (%) 3.61 Sharpe Ratio: fund 0.48 Information Ratio -0.01 Risk & Reward Indicator (SRRI): 6 Annualised Alpha -0.31 R2 0.95 Measures are calculated using month-end data points.

PERFORMANCE FOR CALENDAR YEARS IN GBP (%) PERFORMANCE FOR 12 MONTH PERIODS IN GBP (%)

■_Fund____■_Index____ ■_Fund____■_Index____

Source of fund performance and measures is Fidelity. Performance is excluding initial charge. Basis: nav-nav with income reinvested, Definition of terms and data methodology can be found in the in GBP, net of fees. Market indices are sourced from Rimes and other data is sourced from third-party providers such as Morningstar. If you took an initial charge of 5.25% from an investment, this is the equivalent of reducing a growth rate of 6% per annum over 5 online glossary: www.fidelityinternational.com/glossary years to 4.9%. This is the highest initial charge applicable, if the initial charge you pay is less than 5.25%, the impact on the overall performance will be less.

IMPORTANT INFORMATION (continued overleaf) Past performance is not a reliable indicator of future results. The fund's returns can be affected by fluctuations in currency exchange rates. Fidelity Funds - Asian Special Situations Fund W-GBP 31 August 2021

TOP POSITIONS (% TNA) GICS Sector Geographic Location Fund Index Relative TAIWAN SEMICONDUCTOR MFG CO LTD Information Technology Taiwan 9.7 7.7 2.0 SAMSUNG ELECTRONICS CO LTD Information Technology Korea (South) 7.8 5.2 2.6 AIA GROUP LTD Financials Hong Kong 5.5 2.0 3.5 HLDGS LTD Communication Services 5.1 5.0 0.1 HOLDING LTD Consumer Discretionary China 4.9 4.5 0.4 HDFC BANK LTD Financials India 3.3 0.0 3.3 NAVER CORP Communication Services Korea (South) 2.7 0.7 2.1 CHINA MENGNIU CO Consumer Staples China 2.5 0.3 2.3 INFOSYS LTD Information Technology India 2.5 1.1 1.4 BANK CENTRAL ASIA TBK PT Financials Indonesia 2.5 0.4 2.1 Equity SECTOR/INDUSTRY EXPOSURE (% TNA) GEOGRAPHIC EXPOSURE (% TNA) GICS Sector Fund Index Relative Fund Index Relative ■ Information Technology 27.5 24.3 3.2 ■ China 32.5 38.8 -6.4 ■ Financials 26.2 18.6 7.6 ■ Korea (South) 17.0 14.9 2.0 ■ Consumer Discretionary 17.1 16.5 0.6 ■ India 15.7 13.4 2.3 ■ Communication Services 10.0 10.3 -0.3 ■ Taiwan 15.0 17.0 -2.0 ■ Consumer Staples 5.2 4.8 0.4 ■ Hong Kong 12.9 7.6 5.3 ■ Health Care 4.0 5.0 -1.0 ■ Indonesia 2.5 1.4 1.0 ■ Materials 3.7 5.3 -1.7 ■ Singapore 1.1 2.5 -1.4 ■ Industrials 3.0 6.0 -3.0 ■ Thailand 0.9 2.0 -1.1 ■ Utilities 0.7 2.6 -1.8 ■ Canada 0.6 0.0 0.6 ■ Real Estate 0.6 3.8 -3.3 ■ USA 0.4 0.0 0.4 ■ Energy 0.5 2.8 -2.2 ■ Others 0.0 2.3 -2.3 Total Sector Exposure 98.4 100.0 Total Geographic Exposure 98.4 100.0 ■ Uninvested Cash 1.6 ■ Uninvested Cash 1.6

MARKET CAPITALISATION EXPOSURE (% TNA) REGIONAL EXPOSURE (% TNA)

GBP Fund Index Relative ■ Emerging Asia 83.4 89.8 -6.5 ■ Asia Pacific (ex-Japan) 14.0 10.2 3.9 ■ North America 1.0 0.0 1.0 Total Regional Exposure 98.4 100.0 ■ Uninvested Cash 1.6 ■__Fund ■__Index

TOP OVER/UNDERWEIGHT POSITIONS (% TNA) Fund Index Relative AIA GROUP LTD 5.5 2.0 3.5 HDFC BANK LTD 3.3 0.0 3.3 SAMSUNG ELECTRONICS CO LTD 7.8 5.2 2.6 CHINA MENGNIU DAIRY CO 2.5 0.3 2.3 BANK CENTRAL ASIA TBK PT 2.5 0.4 2.1 ICICI BANK LTD 0.0 0.7 -0.7 NIO INC 0.0 0.7 -0.7 0.8 1.6 -0.8 0.0 1.0 -1.0 RELIANCE INDUSTRIES LTD 0.0 1.2 -1.2

IMPORTANT INFORMATION (continued) The value of investments and any income from them may go down as well as up and an investor may not get back the amount invested. The use of financial derivative instruments may result in increased gains or losses within the fund. This fund invests in emerging markets which can be more volatile than other more developed markets. This fund invests more heavily than others in smaller companies, which can carry a higher risk because their share prices may be more volatile than those of larger companies. Liquidity is a measure of how easily an investment can be converted into cash. Under certain market conditions assets may be difficult to sell. The fund promotes environmental and/or social characteristics. The Investment Manager’s focus on securities of issuers which maintain sustainable characteristics may affect the fund’s investment performance favourably or unfavourably in comparison to similar funds without such focus. The sustainable characteristics of securities may change over time.

Methodology: 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. Breakdowns are calculated using the positions methodology. Certain unclassified items (such as non-equity investments and index futures/options) are excluded. *Uninvested cash refers to any residual cash exposure that is not invested in shares or via derivatives. This information must not be reproduced or circulated without prior permission. Fidelity International refers to the group of companies which form the global investment management organisation that provides information on products and services in designated jurisdictions outside of North America. Fidelity only offers information on its own products and services and does not provide investment advice based on individual circumstances, other than when specifically stipulated by an appropriately authorised firm, in a formal communication with the client. This communication is not directed at, and must not be acted upon by persons inside the United States and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required. Unless otherwise stated allWe products recommend and thatservices you obtainare provided detailed by information Fidelity International, before taking and any all viewsinvestment expressed decision. are those of Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are registered trademarksLuxembourg: of Investments FIL Limited. shouldFIL Investment be made Management on the basis (Luxembourg) of the current S.A.prospectus reserves (in the English, right to French terminate and theGerman)/Key arrangements Investor made for the marketing of the sub-fund and/ or its shares in accordance with Article 93a of DirectiveInformation 2009/65/EC Document and (KIID), Article available 32a of in Directive English, French2011/61/EU. and German Prior notice along of withthis cessationthe current will annual be made and semi-annualin Luxembourg. reports Morningstar ranks - Data Source - © 2021 Morningstar, Inc. All Rights Reserved. free of charge through https://www.fidelityinternational.com, from our distributors. Issued by FIL (Luxembourg) S.A., authorised and supervised by the CSSF (Commission de Surveillance du Secteur Financier) Investors/ potential investors can obtain information on their respective rights regarding complaints and litigation on the following link: https://www.fidelity.lu in English. Fidelity Funds - Asian Special Situations Fund W-GBP 31 August 2021

United Kingdom: Investments should be made on the basis of the KIID (key investor information document) which is available at www.fidelity.co.uk The full prospectus may also be obtained from Fidelity. Please note that not all funds in the SICAV fund range are suitable for UK investors and tax advice should be sought before investing. Fidelity Funds is recognised under section 264 of the Financial Services and Markets Act 2000. Investors should note that loss caused by such recognised funds will not be covered by the provisions of the Financial Services Compensation Scheme (or by any similar scheme in Luxembourg) if the fund is unable to meet its obligations, however claims for loss in regards to such recognised funds against a Financial Conduct Authority authorised firm such as Fidelity will be. Issued by FIL Pensions Management, authorised and regulated by the Financial Conduct Authority and Financial Administration Services Limited, authorised and regulated by the Financial Conduct Authority. A longer version of this factsheet is also available from www.fidelityinternational.com CP00028 / CL18031201 Equity