Fidelity Funds - Fidelity Target™ 2045 Fund P-Acc-USD (USD/Euro hedged)

The fund aims to achieve capital growth over the long term for investors planning to withdraw substantial portions of their investment in the year 2045. The initial allocation is 100% in high-risk assets such as equities and becomes more diversified over the life of the fund, with the final portfolio at the target date being 100% cash.

The fund invests in a range of asset classes such as bonds, equities, interest-bearing and money market instruments, as well as eligible exposure to commodities from anywhere in the world, including emerging markets. The proportion of assets allocated to each asset class varies over time, with a shift towards lower-risk investments as the target date approaches.

The fund is classified as a medium risk class (4 out of 7) and does not include any protection from future market performance. Returns may increase or decrease due to currency fluctuations, and there is a risk of losing some or all of the investment. Liquidity may be affected under certain market conditions, impacting the fund's ability to meet redemptions in a timely manner. Charges and expenses reduce the potential growth of the investment, and costs may fluctuate due to currency and exchange rate fluctuations.

https://www.fidelity.lu/funds/factsheet/LU1025014207