Important risk disclosures

General (applicable to all funds except for Fidelity Retirement Master Trust)

  • Funds offered by Fidelity may invest in equities, debt securities, money market securities and/or other instruments, including derivatives, each with its specific investment policy and features and with different risk profile.
  • Some funds may be subject to the risks of investing in emerging markets which may be more volatile, and to the concentration risks of investing in a single or in a limited number of market(s) or sector(s).
  • Some funds may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks.
  • Some funds may invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. Some funds invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund.
  • Some funds may invest in derivative instruments which may involve additional risks. (For example, leverage may cause greater volatility.)
  • Some funds will potentially make extensive use of derivatives including more complex derivative instruments or strategies to achieve the investment objective, this may give rise to additional exposure in that performance may rise or fall more than it would have done otherwise. In adverse situations, the fund’s use of derivative instruments may become ineffective and the fund may suffer significant losses. The use of derivatives may give rise to leverage, liquidity, counterparty and valuation risks.
  • Dividend of certain share classes, at the Board’s discretion, may be 1) paid out of gross income while fees/charges may be charged to capital of the fund which will result in an increase in distributable income for the payment of dividends and the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared. This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. Such distributions may result in an immediate decrease in the fund’s net asset value per share.
  • Some funds’ performance will be closely tied to the economic, political, regulatory, geopolitical, market, currency or other conditions in the European Economic Area and may be subject to increased liquidity, price, and foreign exchange risk.
  • Some funds may invest in Russia and some investments in Russian securities may be unlisted securities not dealt on a regulated market. The Russian market presents specific risks in relation to the settlement and safekeeping of securities.
  • The fund invests in China A shares or onshore China fixed income securities directly through the Qualified Foreign Institutional Investor (“QFII”) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares or onshore China fixed income market, and/or delay or disruption in execution of trades or in settlement of trades.
  • Some funds may invest in securities denominated in RMB but settled in other currencies. Its performance may be adversely affected by the movements in the exchange rates between RMB and such other currencies. Some funds’ investments may involve substantial credit/counterparty, downgrading, interest rate, market, currency, volatility, liquidity, diversification, regulatory and political risks.
  • In an extreme scenario, the value of the funds may be worth substantially less than the original amount you have invested and in the worst case could be worth nothing.
  • You should not invest based on the information on this website alone and should read the relevant offering documents for details including the risk factors before making any investment decisions.

Additional Fidelity Retirement Master Trust / fund specific disclosures

Fidelity Retirement Master Trust

  • Fidelity SaveEasy Funds are not savings deposits and involve investment risks. This product may not be suitable for everyone. Investors should also consider factors other than age and review their own investment objectives.
  • The MPF Conservative Fund under the Fidelity Retirement Master Trust does not guarantee the repayment of capital. The purchase of a Unit in the MPF Conservative Fund is not the same as placing funds on deposit with a bank or deposit-taking company.
  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of constituent funds, you are in doubt as to whether a certain constituent fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and / or professional advice and choose the constituent fund(s) most suitable for you taking into account your circumstances.
  • You should not invest based on the information on this website alone and should read the Principal Brochure of Fidelity Retirement Master Trust for details including the risk factors.
  • Investment involves risks. Past performance is not indicative of future performance.

Fidelity Funds ("FF") – Asia Pacific Property Fund & FF – Global Property Fund

The fund is authorized by the Securities and Futures commission (SFC) in Hong Kong under the SFC Code on Unit Trusts and Mutual Funds and not under the SFC Code on Real Estate Investment Trusts. SFC authorization is not a recommendation or endorsement of a fund nor does it guarantee the commercial merits of a fund or its performance. It does not mean the fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. The underlying REITs may not necessarily be authorized by the SFC; and the dividend policy/payout policy of the fund is not representative of the dividend policy/payout policy of the underlying REITs.

Fidelity Funds II

Fidelity Funds II is an umbrella fund with sub-funds investing in debt, deposits, commercial papers, money market securities and/or other instruments, including derivatives. Investment in the fund is not in the nature of a deposit in a bank account and is neither guaranteed nor protected. Investors may be subject to capital loss.

Fidelity Advantage Portfolio Fund ("FAP") - Global Equity Fund, FAP – Growth Fund, FAP – Balanced Fund, FAP – Stable Growth Fund & FAP – Capital Stable Fund

Investment in the Global Equity Fund, the Growth Fund, the Balanced Fund, the Stable Growth Fund and the Capital Stable Fund ("Restricted Offering Funds") of the Fidelity Advantage Portfolio Fund is not available to the general investing public. Investments in the Restricted Offering Funds are available only to Professional Investors, ORSO and MPF retirement schemes, their related Approved pooled Investment Funds, or those individuals who have recently been or still are members of an ORSO or MPF retirement scheme.

If you are an individual retail investor who is not a Professional Investor or current or former member of an ORSO or MPF retirement scheme wishing to invest your accrued benefits and want to invest in Fidelity managed funds, please contact Fidelity for further details about which specific investment funds are available to the general investing public.

 

You must read the above information before proceeding. By clicking the “ACCEPT” button below, you acknowledge that you have read the relevant risk disclosure statements.

  • Accept