FIDELITY UCITS ICAV EMERGNG MRKTS QLTY INC UCITS ETF GBP ACC

Objectives and Approach

The fund's objective is 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 Fidelity Emerging Markets Quality Income Index (the “Index”). The Index is designed to reflect the performance of stocks of large and mid-capitalisation dividend paying companies from emerging markets countries that exhibit quality fundamental characteristics. The Index comprises the equity securities of the relevant companies. For more information on the Index, please refer to the publically available index methodology at www.fidelity-etfs.com/documents. 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. The fund will aim to replicate the Index by holding all of the Index securities in a similar proportion to their weighting in the Index. The fund may use derivatives for efficient portfolio management. The fund will use forward currency contracts for hedging purposes. You can buy and sell shares in the fund on any day the banks in London are open. Income will be distributed in accordance with the terms of the supplement. The securities in which the fund invests will be primarily listed or traded on recognised markets globally in accordance with the limits set out in the UCITS Regulations. For full details of the objectives and investment policy please refer to the prospectus and relevant supplement.