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Japan Smaller Companies Fund W pro.en.xx.20210831.GB00B73VMD59.pdf Japan Smaller Companies Fund W - ACC Shares For Investment Professionals Only FIDELITY INVESTMENT FUNDS MONTHLY PROFESSIONAL FACTSHEET JAPAN SMALLER COMPANIES FUND W - ACC SHARES 31 AUGUST 2021 Strategy Fund Facts Jun Tano follows a bottom-up approach to stock selection that is based on in-depth Launch date: 16.04.84 fundamental analysis and extensive company visits. In constructing the portfolio, he Portfolio manager: Jun Tano searches for firms that offer sustainable profit growth at reasonable valuations, with Appointed to fund: 01.04.06 Fidelity’s proprietary research the key to finding such opportunities. Jun favours Years at Fidelity: 19 companies with a strong competitive position in a growing business segment and a Fund size: £98m solid business model that can deliver long-term growth. Management’s track record in Number of positions in fund*: 103 raising shareholder returns is also a key consideration. Fund reference currency: UK Sterling (GBP) Fund domicile: United Kingdom Fund legal structure: OEIC Management company: FIL Investment Services (UK) Limited Capital guarantee: No Portfolio Turnover Cost (PTC): 0.04% Portfolio Turnover Rate (PTR): 99.90% *A definition of positions can be found on page 3 of this factsheet in the section titled “How data is calculated and presented.” Objectives & Investment Policy Share Class Facts • The fund aims to increase the value of your investment over a period of 5 years or more. Other share classes may be available. Please refer to the prospectus for more details. • The fund will invest at least 70% in medium and smaller sized (as defined by the market capitalisation range of the index*) Japanese companies. • The companies will be either listed, incorporated, domiciled, or have significant business activities Launch date: 15.10.12 in the region. NAV price in share class currency: 4.157 • The remainder will be invested in companies outside Japan and in other investment types such as cash and derivatives. ISIN: GB00B73VMD59 • Derivatives are investments whose value is linked to another investment, or to the performance of a SEDOL: B73VMD5 stock exchange or to some other variable factor, such as interest rates and used to reduce risk or transaction costs and/or to generate extra income or further increase the value of your investment. Bloomberg: FIDJSWA LN • The fund is actively managed. The Investment Manager identifies suitable opportunities for the fund Dealing cut-off: 12:00 UK time utilising in-house research and investment capabilities. • The Investment Manager will, when selecting investments for the fund and for the purposes of Distribution type: Accumulating monitoring risk, consider the *Russell/Nomura Mid Small Cap Japan Index. Charges made to income or capital: Income • The Investment Manager has a wide degree of freedom relative to the index and may take larger, or smaller, positions in companies, and/or may invest outside the index, to take advantage of Ongoing Charges Figure (OCF) per year: 0.93% (28.02.21) investment opportunities. This means the fund’s investments and therefore performance may vary OCF takes into account annual management charge per year: 0.75% significantly from the index. • Income earned by the fund is paid into the fund and reflected by an increase in the value of each share. • Shares can usually be bought and sold each business day of the fund. Share Class Risk and Reward Profile Independent Assessment This risk indicator is taken from the key information document at the relevant month- end. Because it may be updated during a month, please refer to the key information Information in this section is the latest available at date of publication. Further details can be found in document for the most up-to-date information. the Glossary section of this factsheet. As some ratings agencies may use past performance to produce their assessments, these are not a reliable indicator of future results. Overall Morningstar TM Rating: **** • The risk category was calculated using historical performance data. • The risk category may not be a reliable indication of the future risk profile of the fund, is not guaranteed and may change over time. • The lowest category does not mean a "risk free" investment. • The risk and reward profile is classified by the level of historical fluctuation of the Net Asset Values of the share class, and within this classification, categories 1-2 indicate a low level of historical fluctuations, 3-5 a medium level and 6-7 a high level. Important Information 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 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. pro.en.xx.20210831.GB00B73VMD59.pdf FIDELITY INVESTMENT FUNDS MONTHLY PROFESSIONAL FACTSHEET JAPAN SMALLER COMPANIES FUND W - ACC SHARES 31 AUGUST 2021 Past performance is not a reliable indicator of future results. The fund's returns can be affected by fluctuations in currency exchange rates. Performance Comparator(s) Peer Group Universe Morningstar IA Japan Market index from 02.09.19 Russell/Nomura Mid Small Cap Japan Net Index Market index is for comparative purposes only unless specifically referenced in the Objectives & Investment Policy on page 1. The same index is used in the positioning tables on this factsheet. Where the effective date for the current market index is after the share class launch date, full history is available from Fidelity. Cumulative performance in GBP (rebased to 100) Performance for 12 month periods in GBP (%) Fund Index Fund Index Performance is shown for the last five years (or since launch for funds launched within that period). Performance for calendar years in GBP (%) Volatility & Risk (3 years) Annualised Volatility: fund (%) 16.39 Annualised Alpha 3.48 Relative Volatility 1.13 Beta 1.02 Sharpe Ratio: fund 0.33 Annualised Tracking Error (%) 6.80 Sharpe Ratio: index 0.14 Information Ratio 0.49 R2 0.83 Calculated using month-end data points. Definitions of these terms can be found in the Glossary section of this factsheet. Fund Index Performance to 31.08.21 in GBP (%) Since 1m 3m YTD 1yr 3yr 5yr 15.10.12* Fund cumulative growth 3.7 3.7 -3.6 14.2 18.7 61.1 219.8 Index cumulative growth 4.1 5.3 2.0 13.3 7.8 40.6 166.9 Fund annualised growth - - - 14.2 5.9 10.0 14.0 Index annualised growth - - - 13.3 2.5 7.0 11.7 Ranking within Peer Group Universe W Accumulation Shares 48 41 62 59 31 20 Total number of funds 70 70 70 70 68 64 Quartile ranking** 3 3 4 4 2 2 Source of fund performance and volatility and risk measures is Fidelity. Performance is excluding initial charge. Basis: bid-bid with income reinvested, in GBP, net of fees. Market indices are sourced from RIMES and other data is sourced from third-party providers such as Morningstar. *Performance commencement date. **Quartile rank is for the fund's primary share class as identified by Morningstar, which may be different than the share class detailed in this factsheet and refers to performance over time rated on a scale of 1-4. A ranking of 1 indicates that the item being ranked is in the top 25% of the sample and so on. Rankings are based on a performance record that is included in the Peer Group Universe. In line with Investment Association methodology, this record may include a track record extension from a legacy share class and the record may not be the same class of this factsheet. Quartile ranking is an internal Fidelity International calculation. Ranking may vary by share class. 2 pro.en.xx.20210831.GB00B73VMD59.pdf FIDELITY INVESTMENT FUNDS MONTHLY PROFESSIONAL FACTSHEET JAPAN SMALLER COMPANIES FUND W - ACC SHARES 31 AUGUST 2021 Introduction How data is calculated and presented This factsheet contains information about the composition of the fund at a Portfolio composition data has been calculated and presented particular point in time. It aims to help you understand how the fund according to several general principles, which are listed below. manager is positioned to achieve the fund’s objectives. - Aggregation: all investments, including derivatives, linked to a The Equity Exposure table below provides an overall view of the fund. This particular issuing company have been combined to form a total represents - in percentage terms - how much of the fund is invested in the percentage holding for each company. The aggregate holding is market. The higher the figure, the more the fund will take part in any referred to in this factsheet as a position. Where a company is listed in market rises (or falls). two separate countries, each listing may be classified as a separate issuing company. Exchange Traded Funds (ETFs) and derivatives on ETFs The definitions section provides a more comprehensive explanation of the are treated as individual securities – ie not aggregated. individual elements in the table. - Categorisation: for investments that have underlying securities we use The exposure and positioning tables on page 4 break the fund down into a the attributes of the underlying issuing company or common share to number of different views, each providing a different perspective on the determine the appropriate sector, market capitalisation band and fund’s investments. geographic area. - Derivatives: all derivatives are included on an exposure basis and, where necessary, are delta-adjusted.
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