Fidelity Funds - Iberia Fund Y-Acc-EUR

The Fidelity Iberia Fund invests primarily in a wide variety of Spanish and Portuguese companies across all market sizes, selecting stocks that are undervalued or not widely covered by the market. The portfolio focuses on businesses with strong potential for long-term cash flow and earnings growth, driven by significant changes in their growth outlook, industry conditions, or internal developments. Managers seek companies with unique competitive advantages and sustainable growth opportunities, integrating sustainability considerations into their investment decisions. Additionally, the fund may hold a small portion of money market instruments to support its investment strategy.