FAST

Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. FAST - Asia Fund a sub-fund of Fidelity Active STrategy A-DIST-Euro (Euro/USD hedged) (ISIN: LU1533062656) This fund is managed by FIL Investment Management (Luxembourg) S.A. n Aims to provide long-term capital growth. n At least 70% invested in shares and related instruments that provide exposure to companies that have their head office in, are listed in, or have a main part of their activity in the Asia (excluding Japan) region. The fund may invest its net assets directly in China A and B shares. n The fund will invest at least 50% of its net assets in securities that maintain sustainable characteristics. The fund promotes environmental and social characteristics pursuant to article 8 of the SFDR. n The fund adheres to the firm-wide exclusion list (which includes cluster munitions and anti-personnel landmines) and also excludes issuers which fail to conduct their business in accordance with accepted international norms. n Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. n The fund has the freedom to invest outside its principal geographies, market sectors, industries or asset classes. n The reference currency of the fund is hedged to the reference currency of the share class. This hedging has the effect of translating (or ‘‘replicating’’) the returns expressed in the fund’s reference currency into returns expressed in the reference currency of the share class. n The fund is actively managed. The Investment Manager will reference MSCI AC Asia ex Japan Index Hedged to EUR/USD (N) (the ‘‘Index’’) by seeking to outperform it. The fund’s performance should be assessed against its Index. The Investment Manager has a wide range of discretion relative to the Index. While the fund will hold assets that are components of the Index, it also is expected to invest in companies, sectors, countries and security types that have different weightings from, and may not be included in the Index in order to take advantage of investment opportunities. n Income earned by the fund is reinvested in additional shares or paid to shareholders on request. n Shares can usually be bought and sold each business day of the fund. Lower risk Higher risk Typically lower rewards Typically higher rewards 1 2 3 4 5 6 7 n Historical data may not be a reliable indication for the future.