Fidelity Global Multi Asset Income Fund

<p>Objective: The fund aims to achieve moderate capital growth over the medium to long term and provide income. Investment Policy: The fund invests in a range of asset classes Including debt securities, equities, real estate, infrastructure, from anywhere in the world, including emerging markets. The fund may invest in the following assets according to the percentages indicated: </p><ul class='list'><li>investment grade bonds: up to 100% <li>below investment grade bonds: up to 60% <li>emerging market bonds: up to 50% <li>equities: up to 50% <li>government bonds: up to 50% <li>China A and B shares and listed onshore bonds (directly and/or indirectly): less than 20% (in aggregate) <li>REITs and infrastructure securities: less than 30% (in each asset class) <li>hybrids and contingent convertible (CoCo) bonds: less than 30%, with less than 20% in contingent convertible (CoCo) bonds <li>money market instruments: up to 25% <li>SPACs: less than 5% The fund may also Invest in other subordinated financial debt and preference shares. The fund’s exposure to distressed securities is limited to 10% of its assets. Investment Process: In actively managing the fund, the Investment Manager will allocate investments across asset classes and geographic areas based on their potential to generate income and capital growth or reduce overall risk. The fund’s income is mainly generated by dividend payments of equities and coupon payments of bonds. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities. In determining ESG characteristics, the Investment Manager takes into account ESG ratings provided by Fidelity or external agencies. Through the investment management process, the Investment Manager aims to ensure that investee companies follow good governance practices. A minimum of 70% of the fund’s assets will adhere to specific multi asset ESG criteria. For information, see “Sustainable Investing and ESG Integration” and the Sustainability Annex. Derivatives and Techniques: The fund may use derivatives for hedging, efficient portfolio management and investment purposes. Benchmark: None.</ul>