Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Fund Details

Fund ManagerArio Emami NejadRick Patel

Reference Currency EUR

Fund Size EUR2,837m

Max. Sales Charge - Cash(On Net Investment Amount)

3.50%

Annual Management Fee 0.50%

Subscription Information Cash: All share classes

Investment ObjectiveThe Fund Invests primarily in Euro-denominated debt securities, focusing its investments ininvestment grade European fixed-rate bonds with less than five years to maturity. The averageduration of the Fund's investments will not exceed three years. The Fund may invest up to 30%of its assets in non-Euro denominated debt securities. Exposure to non-Euro denominated debtsecurities may be hedged back into Euro (as described in the prospectus).

Fund Performance (rebased to 100)

Fund A-ACC-EURThe BofA ML 1-3 Year Euro Broad Market Index

Performance is shown for the last 5 years (or since launch forfunds launched within that period), rebased to 100.

Performance (%)

YTD(cum)

1mth(cum)

3mth(cum)

6mth(cum)

1yr(ann)

3yr(ann)

5yr(ann)

SinceLaunch(ann)

A-ACC-EUR 0.4 0.1 0.6 0.5 1.3 0.3 0.5 1.6

With 3% sales charge -2.6 -3.0 -2.4 -2.5 -1.7 -0.7 -0.1 1.4

Index (EUR) -0.6 0.1 -0.7 -0.6 -0.5 -0.1 0.1 2.2

Source: Fidelity, NAV-NAV basis, in the respective currencies with dividends re-invested. Returns areannualised for periods greater than 1 year. Please refer to "Share Class Details & Codes" for the launchdates of the respective share classes.

Top 10 Holdings (%)Fund Index

GERMANY GOVT 0% 6/12/20 RGS 12.99 0.00

GERMANY GOVT 0% 9/11/20 RGS 8.71 0.00

GERMANY GOVT 0% 10/18/24 RGS 8.31 0.00

NETHERLAND GOVT 0% 09/29/20 6.27 0.00

BUONI DEL 1.45% 05/15/25 RGS 6.06 0.00

NETHERLAND GOVT 0% 07/30/20 5.22 0.00

CR SUISSE 5.75%/VAR 09/25 REGS 2.66 0.00

VOLKSWAGEN 0.75% 06/15/23 RGS 2.39 0.00

CAPITAL ONE FINA 0.8% 6/12/24 2.06 0.00

AIRBUS SE 1.625% 04/07/25 RGS 2.00 0.00

Top 5 Issuers (%)(BKO) Federal Republic of Germany 21.70 2.30

(DTB) NETHERLAND GOVT 0% 07/30/20 11.49 0.00

(OBL) Federal Republic of Germany 8.31 3.01

(BTPS) Republic of Italy 6.06 12.85

(CS) Credit Suisse 3.91 0.20

Geographic Exposure (%)

Fund Index■ Germany 32.40 21.99■ United States 17.86 3.64■ Netherlands 16.23 4.97■ Italy 9.73 15.88■ Switzerland 6.56 0.91■ United Kingdom 5.08 2.70■ Ireland 3.19 1.01■ France 2.00 20.75■ Spain 1.74 8.04■ Luxembourg 1.50 0.16■ Others 1.47 19.95■ Cash 2.24 0.00

Sector Exposure (%)

Fund Index■ Treasury 47.56 50.62■ Banks & Brokers 24.81 8.90■ Consumer Non Cyclical 6.76 2.34■ Consumer Cyclical 4.32 2.57■ Property 2.15 0.45■ Capital Goods 2.00 0.98■ Technology 1.81 0.64■ Communications 1.80 1.49■ Insurance 1.78 0.78■ Basic Industry 1.74 0.64■ Others 3.03 30.59■ Cash 2.24 0.00

Bond

51324_May20.pdf

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Measures(A-ACC-EUR) Fund Index

Annualised Volatility (3 years) (%) 1.95 0.79

Beta (3 years) 1.66 -

Sharpe Ratio (3 years) 0.37 0.32

Yield to Maturity (%) 0.55 0.04

Running Yield (%) 1.00 1.71

Effective Duration 1.7 2.0

Average Credit Rating (Linear) A+ A+

Asset Type – Investment grade credit (ex-treasury) (%)

46.64 49.37

Asset Type – High yield bond (%) 1.75 0.00

Share Class Details & CodesShare Class Launch Date NAV Bloomberg Ticker ISIN

A-ACC-EUR 10 Mar 08 26.0929 FFEUSBA LX LU0267388220

A-ACC: accumulating share class.

IndexMarket Index: The BofA ML 1-3 Year Euro Broad Market Index

Index is for comparative purpose only. The same index is used inthe positioning tables on this factsheet.

Index = is the ML EMU Broad Market Index 1-3 years.

Calendar Year Performance (%)2015 2016 2017 2018 2019

A-ACC-EUR 0.5 1.5 0.2 -1.7 2.5

Index (EUR) 0.6 0.6 -0.1 -0.1 0.5

With 3% sales charge -2.5 -1.6 -2.8 -4.7 -0.6

Source: Fidelity, NAV-NAV basis, in the respective currencies with dividends re-invested. Sales charge may belevied by the distributor at its discretion. The stated returns will be reduced by the corresponding salescharge amount being levied by the distributor.

Currency Exposure (%)Fund Index

EUR 99.88 100.00

USD 0.12 0.00

JPY 0.00 0.00

GBP 0.00 0.00

CAD 0.00 0.00

Other 0.00 0.00

Total 100.00 100.00

Credit Rating Exposure (%)Fund Index

AAA/Aaa 41.50 28.73

AA/Aa 2.88 28.69

A 10.17 10.61

BBB/Baa 39.65 31.93

BB/Ba 1.75 0.00

B 0.00 0.00

CCC and Below 0.00 0.00

Other 1.81 0.04

Cash 2.24 0.00

Total 100.00 100.00

www.fidelity.com.sg

51324_May20.pdf

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Definition of TermsAnnualised Volatility is a measure of how variable returns for a fund or comparative market index have been around their historical average. Two funds may produce the same returnover a period. The fund whose monthly returns have varied less will have a lower annualised volatility and will be considered to have achieved its returns with less risk.

Beta is a measure of a fund's sensitivity to market movement (as represented by a market index). The beta of the market is 1.00 by definition. A beta of 1.10 shows that the fundcould be expected to perform 10% better than the index in up markets and 10% worse in down markets, assuming all other factors remain constant. Conversely, a beta of 0.85indicates that the fund could be expected to perform 15% worse than the market return during up markets and 15% better during down markets.

Sharpe Ratio is a measure of a fund's risk adjusted performance taking into account the return on a risk-free investment. The ratio allows an investor to assess whether the fund isgenerating adequate returns for the level of risk it is taking. The higher the ratio, the better the risk-adjusted performance has been. If the ratio is negative, the fund has returned lessthan the risk-free rate.

Yield to Maturity is the internal rate of return earned on a bond, assuming that the bond will be held until maturity and all coupon and principal payments will be made. It is anestimation of future return, as the rate at which coupon payments can be reinvested when received is unknown.

Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities (incorporating the effect of derivatives) and does not includethe impact of fees. It should not be relied on as a measure of expected fund return. The running yield does not reflect the total return over the life of the bond and takes no accountof reinvestment risk or the fact that bonds usually mature at par value.

Duration is a measure of sensitivity of the fund value to changes in interest rates and includes all investments in the fund including derivatives. It takes into account that expected cashflows will fluctuate as interest rates change and affect a bond's price.

Average Credit Rating is the weighted average of all the bond credit ratings in the fund. It takes into account all investments in the fund including derivatives. This measure gives anidea of how risky the fund’s bonds are overall: the lower the average credit rating, the riskier the fund. With a Linear weighted average the weight assigned to each issue is equal toits market value weight.

Exposure as a percentage of TNA (excluding derivatives). For each bond in the fund, Fidelity looks at the rating given by three rating agencies (S&P, Moody’s and Fitch) and appliesthe worst of the two best ratings (commonly known as the Basel method). The AAA/Aaa rating is the highest and indicates the borrower has the lowest probability of defaulting onits debt. The table above is a categorisation of the fund’s individual bonds into their credit ratings. If any derivatives are being used to adjust the credit quality of the fund, these arereflected in the Average Credit Rating under the “Measures” section.

Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposurebasis is domicile of issuer. The credit rating table excludes derivatives. Currency exposure is after hedging.

FIL Investment Management (Singapore) Limited [FIMSL] (Co. Reg. No.: 199006300E) is a responsible entity for the fund in Singapore.Prospectus of the fund is available from FIMSL or its distributors upon request. Potential investors should read the prospectus beforeinvesting. All views expressed and references to specific securities are included for illustration only, and should not be construed as anoffer or recommendation. This document is for information only and does not have regard to the specific investment objectives, financialsituation and particular needs of the person who may receive it. Potential investor should seek advice from a financial adviser beforeinvesting. If that potential investor chooses not to seek advice from a financial adviser, he should consider whether the fund is suitablefor him. Past performance of the fund is not indicative of the future performance. Prices can go up and down. The value of the shares ofthe fund and the income accruing to them may fall or rise. Investors investing in a fund denominated in a non-local currency should beaware of exchange rate risk. The fund is not available to US citizens, residents or greencard holders. This advertisement has not beenreviewed by the Monetary Authority of Singapore. Fidelity, Fidelity International, and the Fidelity International logo and F symbol aretrademarks of FIL Limited.

www.fidelity.com.sg

51324_May20.pdf

SG_Flag_GlossaryOnPage3

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Fund Details

Fund ManagerArio Emami NejadRick Patel

Reference Currency EUR

Fund Size EUR2,837m

Max. Sales Charge - Cash(On Net Investment Amount)

3.50%

Annual Management Fee 0.50%

Subscription Information Cash: All share classes

Investment ObjectiveThe Fund Invests primarily in Euro-denominated debt securities, focusing its investments ininvestment grade European fixed-rate bonds with less than five years to maturity. The averageduration of the Fund's investments will not exceed three years. The Fund may invest up to 30%of its assets in non-Euro denominated debt securities. Exposure to non-Euro denominated debtsecurities may be hedged back into Euro (as described in the prospectus).

Fund Performance (rebased to 100)

Fund A-ACC-EUR

The BofA ML 1-3 Year Euro Broad Market Index

Performance is shown for the last 5 years (or since launch forfunds launched within that period), rebased to 100.

Performance (%)

YTD(cum)

1mth(cum)

3mth(cum)

6mth(cum)

1yr(ann)

3yr(ann)

5yr(ann)

SinceLaunch(ann)

A-ACC-EUR 0.4 0.1 0.6 0.5 1.3 0.3 0.5 1.6

With 3% sales charge -2.6 -3.0 -2.4 -2.5 -1.7 -0.7 -0.1 1.4

Index (EUR) -0.6 0.1 -0.7 -0.6 -0.5 -0.1 0.1 2.2

Source: Fidelity, NAV-NAV basis, in the respective currencies with dividends re-invested. Returns areannualised for periods greater than 1 year. Please refer to "Share Class Details & Codes" for the launchdates of the respective share classes.

Top 10 Holdings (%)Fund Index

GERMANY GOVT 0% 6/12/20 RGS 12.99 0.00

GERMANY GOVT 0% 9/11/20 RGS 8.71 0.00

GERMANY GOVT 0% 10/18/24 RGS 8.31 0.00

NETHERLAND GOVT 0% 09/29/20 6.27 0.00

BUONI DEL 1.45% 05/15/25 RGS 6.06 0.00

NETHERLAND GOVT 0% 07/30/20 5.22 0.00

CR SUISSE 5.75%/VAR 09/25 REGS 2.66 0.00

VOLKSWAGEN 0.75% 06/15/23 RGS 2.39 0.00

CAPITAL ONE FINA 0.8% 6/12/24 2.06 0.00

AIRBUS SE 1.625% 04/07/25 RGS 2.00 0.00

Top 5 Issuers (%)(BKO) Federal Republic of Germany 21.70 2.30

(DTB) NETHERLAND GOVT 0% 07/30/20 11.49 0.00

(OBL) Federal Republic of Germany 8.31 3.01

(BTPS) Republic of Italy 6.06 12.85

(CS) Credit Suisse 3.91 0.20

Geographic Exposure (%)

Fund Index■ Germany 32.40 21.99■ United States 17.86 3.64■ Netherlands 16.23 4.97■ Italy 9.73 15.88■ Switzerland 6.56 0.91■ United Kingdom 5.08 2.70■ Ireland 3.19 1.01■ France 2.00 20.75■ Spain 1.74 8.04■ Luxembourg 1.50 0.16■ Others 1.47 19.95■ Cash 2.24 0.00

Sector Exposure (%)

Fund Index■ Treasury 47.56 50.62■ Banks & Brokers 24.81 8.90■ Consumer Non Cyclical 6.76 2.34■ Consumer Cyclical 4.32 2.57■ Property 2.15 0.45■ Capital Goods 2.00 0.98■ Technology 1.81 0.64■ Communications 1.80 1.49■ Insurance 1.78 0.78■ Basic Industry 1.74 0.64■ Others 3.03 30.59■ Cash 2.24 0.00

Bond

51324_May20.pdf

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Measures(A-ACC-EUR) Fund Index

Annualised Volatility (3 years) (%) 1.95 0.79

Beta (3 years) 1.66 -

Sharpe Ratio (3 years) 0.37 0.32

Yield to Maturity (%) 0.55 0.04

Running Yield (%) 1.00 1.71

Effective Duration 1.7 2.0

Average Credit Rating (Linear) A+ A+

Asset Type – Investment grade credit (ex-treasury) (%)

46.64 49.37

Asset Type – High yield bond (%) 1.75 0.00

Share Class Details & CodesShare Class Launch Date NAV Bloomberg Ticker ISIN

A-ACC-EUR 10 Mar 08 26.0929 FFEUSBA LX LU0267388220

A-ACC: accumulating share class.

IndexMarket Index: The BofA ML 1-3 Year Euro Broad Market Index

Index is for comparative purpose only. The same index is used inthe positioning tables on this factsheet.

Index = is the ML EMU Broad Market Index 1-3 years.

Calendar Year Performance (%)2015 2016 2017 2018 2019

A-ACC-EUR 0.5 1.5 0.2 -1.7 2.5

Index (EUR) 0.6 0.6 -0.1 -0.1 0.5

With 3% sales charge -2.5 -1.6 -2.8 -4.7 -0.6

Source: Fidelity, NAV-NAV basis, in the respective currencies with dividends re-invested. Sales charge may belevied by the distributor at its discretion. The stated returns will be reduced by the corresponding salescharge amount being levied by the distributor.

Currency Exposure (%)Fund Index

EUR 99.88 100.00

USD 0.12 0.00

JPY 0.00 0.00

GBP 0.00 0.00

CAD 0.00 0.00

Other 0.00 0.00

Total 100.00 100.00

Credit Rating Exposure (%)Fund Index

AAA/Aaa 41.50 28.73

AA/Aa 2.88 28.69

A 10.17 10.61

BBB/Baa 39.65 31.93

BB/Ba 1.75 0.00

B 0.00 0.00

CCC and Below 0.00 0.00

Other 1.81 0.04

Cash 2.24 0.00

Total 100.00 100.00

www.fidelity.com.sg

51324_May20.pdf

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Definition of TermsAnnualised Volatility is a measure of how variable returns for a fund or comparative market index have been around their historical average. Two funds may produce the same returnover a period. The fund whose monthly returns have varied less will have a lower annualised volatility and will be considered to have achieved its returns with less risk.

Beta is a measure of a fund's sensitivity to market movement (as represented by a market index). The beta of the market is 1.00 by definition. A beta of 1.10 shows that the fundcould be expected to perform 10% better than the index in up markets and 10% worse in down markets, assuming all other factors remain constant. Conversely, a beta of 0.85indicates that the fund could be expected to perform 15% worse than the market return during up markets and 15% better during down markets.

Sharpe Ratio is a measure of a fund's risk adjusted performance taking into account the return on a risk-free investment. The ratio allows an investor to assess whether the fund isgenerating adequate returns for the level of risk it is taking. The higher the ratio, the better the risk-adjusted performance has been. If the ratio is negative, the fund has returned lessthan the risk-free rate.

Yield to Maturity is the internal rate of return earned on a bond, assuming that the bond will be held until maturity and all coupon and principal payments will be made. It is anestimation of future return, as the rate at which coupon payments can be reinvested when received is unknown.

Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities (incorporating the effect of derivatives) and does not includethe impact of fees. It should not be relied on as a measure of expected fund return. The running yield does not reflect the total return over the life of the bond and takes no accountof reinvestment risk or the fact that bonds usually mature at par value.

Duration is a measure of sensitivity of the fund value to changes in interest rates and includes all investments in the fund including derivatives. It takes into account that expected cashflows will fluctuate as interest rates change and affect a bond's price.

Average Credit Rating is the weighted average of all the bond credit ratings in the fund. It takes into account all investments in the fund including derivatives. This measure gives anidea of how risky the fund’s bonds are overall: the lower the average credit rating, the riskier the fund. With a Linear weighted average the weight assigned to each issue is equal toits market value weight.

Exposure as a percentage of TNA (excluding derivatives). For each bond in the fund, Fidelity looks at the rating given by three rating agencies (S&P, Moody’s and Fitch) and appliesthe worst of the two best ratings (commonly known as the Basel method). The AAA/Aaa rating is the highest and indicates the borrower has the lowest probability of defaulting onits debt. The table above is a categorisation of the fund’s individual bonds into their credit ratings. If any derivatives are being used to adjust the credit quality of the fund, these arereflected in the Average Credit Rating under the “Measures” section.

Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposurebasis is domicile of issuer. The credit rating table excludes derivatives. Currency exposure is after hedging.

FIL Investment Management (Singapore) Limited [FIMSL] (Co. Reg. No.: 199006300E) is a responsible entity for the fund in Singapore.Prospectus of the fund is available from FIMSL or its distributors upon request. Potential investors should read the prospectus beforeinvesting. All views expressed and references to specific securities are included for illustration only, and should not be construed as anoffer or recommendation. This document is for information only and does not have regard to the specific investment objectives, financialsituation and particular needs of the person who may receive it. Potential investor should seek advice from a financial adviser beforeinvesting. If that potential investor chooses not to seek advice from a financial adviser, he should consider whether the fund is suitablefor him. Past performance of the fund is not indicative of the future performance. Prices can go up and down. The value of the shares ofthe fund and the income accruing to them may fall or rise. Investors investing in a fund denominated in a non-local currency should beaware of exchange rate risk. The fund is not available to US citizens, residents or greencard holders. This advertisement has not beenreviewed by the Monetary Authority of Singapore. Fidelity, Fidelity International, and the Fidelity International logo and F symbol aretrademarks of FIL Limited.

www.fidelity.com.sg

51324_May20.pdf

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Fund Details

Fund Manager Ario Emami NejadRick Patel

Reference Currency EUR

Fund Size EUR2,837m

Max. Sales Charge - Cash(On Net Investment Amount)

3.50%

Annual Management Fee 0.50%

Subscription Information Cash: All share classes

Investment ObjectiveThe Fund Invests primarily in Euro-denominated debt securities, focusing its investments ininvestment grade European fixed-rate bonds with less than five years to maturity. The averageduration of the Fund's investments will not exceed three years. The Fund may invest up to 30%of its assets in non-Euro denominated debt securities. Exposure to non-Euro denominated debtsecurities may be hedged back into Euro (as described in the prospectus).

Fund Performance (rebased to 100)

Fund A-ACC-EURThe BofA ML 1-3 Year Euro Broad Market Index

Performance is shown for the last 5 years (or since launch forfunds launched within that period), rebased to 100.

Performance (%)

YTD(cum)

1mth(cum)

3mth(cum)

6mth(cum)

1yr(ann)

3yr(ann)

5yr(ann)

SinceLaunch(ann)

A-ACC-EUR 0.4 0.1 0.6 0.5 1.3 0.3 0.5 1.6

With 3% sales charge -2.6 -3.0 -2.4 -2.5 -1.7 -0.7 -0.1 1.4

Index (EUR) -0.6 0.1 -0.7 -0.6 -0.5 -0.1 0.1 2.2

Source: Fidelity, NAV-NAV basis, in the respective currencies with dividends re-invested. Returns areannualised for periods greater than 1 year. Please refer to "Share Class Details & Codes" for the launchdates of the respective share classes.

Top 10 Holdings (%)Fund Index

GERMANY GOVT 0% 6/12/20 RGS 12.99 0.00

GERMANY GOVT 0% 9/11/20 RGS 8.71 0.00

GERMANY GOVT 0% 10/18/24 RGS 8.31 0.00

NETHERLAND GOVT 0% 09/29/20 6.27 0.00

BUONI DEL 1.45% 05/15/25 RGS 6.06 0.00

NETHERLAND GOVT 0% 07/30/20 5.22 0.00

CR SUISSE 5.75%/VAR 09/25 REGS 2.66 0.00

VOLKSWAGEN 0.75% 06/15/23 RGS 2.39 0.00

CAPITAL ONE FINA 0.8% 6/12/24 2.06 0.00

AIRBUS SE 1.625% 04/07/25 RGS 2.00 0.00

Top 5 Issuers (%)(BKO) Federal Republic of Germany 21.70 2.30

(DTB) NETHERLAND GOVT 0% 07/30/20 11.49 0.00

(OBL) Federal Republic of Germany 8.31 3.01

(BTPS) Republic of Italy 6.06 12.85

(CS) Credit Suisse 3.91 0.20

Geographic Exposure (%)

Fund Index■ Germany 32.40 21.99■ United States 17.86 3.64■ Netherlands 16.23 4.97■ Italy 9.73 15.88■ Switzerland 6.56 0.91■ United Kingdom 5.08 2.70■ Ireland 3.19 1.01■ France 2.00 20.75■ Spain 1.74 8.04■ Luxembourg 1.50 0.16■ Others 1.47 19.95■ Cash 2.24 0.00

Sector Exposure (%)

Fund Index■ Treasury 47.56 50.62■ Banks & Brokers 24.81 8.90■ Consumer Non Cyclical 6.76 2.34■ Consumer Cyclical 4.32 2.57■ Property 2.15 0.45■ Capital Goods 2.00 0.98■ Technology 1.81 0.64■ Communications 1.80 1.49■ Insurance 1.78 0.78■ Basic Industry 1.74 0.64■ Others 3.03 30.59■ Cash 2.24 0.00

Bond

51324_May20.pdf

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Measures(A-ACC-EUR) Fund Index

Annualised Volatility (3 years) (%) 1.95 0.79

Beta (3 years) 1.66 -

Sharpe Ratio (3 years) 0.37 0.32

Yield to Maturity (%) 0.55 0.04

Running Yield (%) 1.00 1.71

Effective Duration 1.7 2.0

Average Credit Rating (Linear) A+ A+

Asset Type – Investment grade credit (ex-treasury) (%)

46.64 49.37

Asset Type – High yield bond (%) 1.75 0.00

Share Class Details & CodesShare Class Launch Date NAV Bloomberg Ticker ISIN

A-ACC-EUR 10 Mar 08 26.0929 FFEUSBA LX LU0267388220

A-ACC: accumulating share class.

IndexMarket Index: The BofA ML 1-3 Year Euro Broad Market Index

Index is for comparative purpose only. The same index is used inthe positioning tables on this factsheet.

Index = is the ML EMU Broad Market Index 1-3 years.

Calendar Year Performance (%)2015 2016 2017 2018 2019

A-ACC-EUR 0.5 1.5 0.2 -1.7 2.5

Index (EUR) 0.6 0.6 -0.1 -0.1 0.5

With 3% sales charge -2.5 -1.6 -2.8 -4.7 -0.6

Source: Fidelity, NAV-NAV basis, in the respective currencies with dividends re-invested. Sales charge may belevied by the distributor at its discretion. The stated returns will be reduced by the corresponding salescharge amount being levied by the distributor.

Currency Exposure (%)Fund Index

EUR 99.88 100.00

USD 0.12 0.00

JPY 0.00 0.00

GBP 0.00 0.00

CAD 0.00 0.00

Other 0.00 0.00

Total 100.00 100.00

Credit Rating Exposure (%)Fund Index

AAA/Aaa 41.50 28.73

AA/Aa 2.88 28.69

A 10.17 10.61

BBB/Baa 39.65 31.93

BB/Ba 1.75 0.00

B 0.00 0.00

CCC and Below 0.00 0.00

Other 1.81 0.04

Cash 2.24 0.00

Total 100.00 100.00

www.fidelity.com.sg

51324_May20.pdf

Fidelity Funds - Euro Short Term Bond Fund31 May 2020

Definition of TermsAnnualised Volatility is a measure of how variable returns for a fund or comparative market index have been around their historical average. Two funds may produce the same returnover a period. The fund whose monthly returns have varied less will have a lower annualised volatility and will be considered to have achieved its returns with less risk.

Beta is a measure of a fund's sensitivity to market movement (as represented by a market index). The beta of the market is 1.00 by definition. A beta of 1.10 shows that the fundcould be expected to perform 10% better than the index in up markets and 10% worse in down markets, assuming all other factors remain constant. Conversely, a beta of 0.85indicates that the fund could be expected to perform 15% worse than the market return during up markets and 15% better during down markets.

Sharpe Ratio is a measure of a fund's risk adjusted performance taking into account the return on a risk-free investment. The ratio allows an investor to assess whether the fund isgenerating adequate returns for the level of risk it is taking. The higher the ratio, the better the risk-adjusted performance has been. If the ratio is negative, the fund has returned lessthan the risk-free rate.

Yield to Maturity is the internal rate of return earned on a bond, assuming that the bond will be held until maturity and all coupon and principal payments will be made. It is anestimation of future return, as the rate at which coupon payments can be reinvested when received is unknown.

Running Yield describes the income investors get from their portfolio as a percentage of market value of the securities (incorporating the effect of derivatives) and does not includethe impact of fees. It should not be relied on as a measure of expected fund return. The running yield does not reflect the total return over the life of the bond and takes no accountof reinvestment risk or the fact that bonds usually mature at par value.

Duration is a measure of sensitivity of the fund value to changes in interest rates and includes all investments in the fund including derivatives. It takes into account that expected cashflows will fluctuate as interest rates change and affect a bond's price.

Average Credit Rating is the weighted average of all the bond credit ratings in the fund. It takes into account all investments in the fund including derivatives. This measure gives anidea of how risky the fund’s bonds are overall: the lower the average credit rating, the riskier the fund. With a Linear weighted average the weight assigned to each issue is equal toits market value weight.

Exposure as a percentage of TNA (excluding derivatives). For each bond in the fund, Fidelity looks at the rating given by three rating agencies (S&P, Moody’s and Fitch) and appliesthe worst of the two best ratings (commonly known as the Basel method). The AAA/Aaa rating is the highest and indicates the borrower has the lowest probability of defaulting onits debt. The table above is a categorisation of the fund’s individual bonds into their credit ratings. If any derivatives are being used to adjust the credit quality of the fund, these arereflected in the Average Credit Rating under the “Measures” section.

Top issuers table: credit derivatives relating to any specific issuer are included, but derivatives relating to government bonds and to bond indices are excluded. Geographic exposurebasis is domicile of issuer. The credit rating table excludes derivatives. Currency exposure is after hedging.

FIL Investment Management (Singapore) Limited [FIMSL] (Co. Reg. No.: 199006300E) is a responsible entity for the fund in Singapore.Prospectus of the fund is available from FIMSL or its distributors upon request. Potential investors should read the prospectus beforeinvesting. All views expressed and references to specific securities are included for illustration only, and should not be construed as anoffer or recommendation. This document is for information only and does not have regard to the specific investment objectives, financialsituation and particular needs of the person who may receive it. Potential investor should seek advice from a financial adviser beforeinvesting. If that potential investor chooses not to seek advice from a financial adviser, he should consider whether the fund is suitablefor him. Past performance of the fund is not indicative of the future performance. Prices can go up and down. The value of the shares ofthe fund and the income accruing to them may fall or rise. Investors investing in a fund denominated in a non-local currency should beaware of exchange rate risk. The fund is not available to US citizens, residents or greencard holders. This advertisement has not beenreviewed by the Monetary Authority of Singapore. Fidelity, Fidelity International, and the Fidelity International logo and F symbol aretrademarks of FIL Limited.

www.fidelity.com.sg

51324_May20.pdf