Fidelity 2 Transition Materials Y Cap EUR

Objective: The fund aims to achieve capital growth over the long term. Investment Policy: The fund invests at least 70% of its assets in equities of companies from anywhere in the world. The fund aims to make investments in companies mining, producing, processing or having other business activities relating to commodities that enable transition to a lower carbon economy including, but not limited to, themes such as, electrification, battery technology, sustainable land use, innovative solutions, low carbon supply and carbon capture. The fund may invest in the following assets according to the percentages indicated: Money market instruments: up to 20% Convertible bonds: up to 10% China A and B shares (directly and/or indirectly): less than 30% (in aggregate) Emerging markets (including China): up to 50 % Investment Process: In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other factors. A minimum of 80% of the fund's investments are used to meet the environmental or social characteristics promoted by the fund, as described in the fund's investment policy. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities and may invest in securities of issuers with low but improving ESG characteristics. Through the investment management process the Investment Manager aims to ensure that investee companies follow good governance practices. For more information, see "Sustainable Investing and ESG Integration" and the Sustainability Annex. Derivatives and Techniques: The fund may use derivatives for efficient portfolio management. Benchmark: MSCI AC World Index, a broad market index that does not take into account ESG characteristics. Used for: performance comparison only. The fund is not benchmark-constrained and its performance over a

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No