Fidelity Funds - Global Corporate Bond Fund I-Acc-USD

The fund aims to achieve capital growth over time and provide income by primarily investing in investment grade corporate bonds across currencies. Emphasis is placed on bottom-up issuer selection and ensuring adequate diversity to maximize risk-adjusted returns.

The fund invests at least 70% of its assets in investment grade corporate debt securities from around the world, including emerging markets. It may also invest in government and other debt securities, money market instruments, hybrids, contingent convertible bonds (CoCos), subordinated financial debt, and preference shares. The investment process involves active management across bond issuers, sectors, geographies, and security types, with consideration of ESG characteristics.

The fund is classified as a medium risk product (3 out of 7) due to potential losses from future performance and the impact of poor market conditions. Risks associated with this fund include exposure to emerging markets, financial derivative instruments, issuer credit risk, interest rate fluctuations, and the possibility of not receiving repayments from bond issuers. Additionally, charges and expenses may reduce the potential growth of investments.

https://www.fidelity.lu/funds/factsheet/LU0532244406