Objectives and Approach

Aims to provide investors with a total return, taking into account both capital and income returns, which reflects, before fees and expenses, the return of the MSCI Japan Index (the “Index”). For more information on the Index, please refer to the publically available information on the index provider’s website at https://www.msci.com/index-methodology. The investment policy of the fund is to track the performance of the Index as closely as possible, regardless of whether the Index level rises or falls, while seeking to minimise as far as possible the tracking error between the fund’s performance and that of the Index. Aims to hold company shares that represent the benchmark index. Can use derivatives for efficient portfolio management. Shares can usually be bought and sold each dealing day of the fund. Income is accumulated in the share price. Note: The funds described herein are indexed to an MSCI index. The Index is designed to reflect the performance of large and mid-capitalisation companies in Japan which comply with MSCI's size, liquidity and free float criteria. These criteria are designed to identify those companies whose securities make up 85% of the publically traded market. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which the funds or securities are based. The prospectus and relevant supplement contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.