Important risk disclosures

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

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General

  • 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 non-investment grade bonds which may be more volatile and subject to greater credit and liquidity risks.
  • 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 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.
  • Dividends may be paid out of net/gross income and on occasion out of capital at the discretion of the board of Directors of the fund. There is a risk that dividends paid out of capital may erode the capital value of the underlying investments and may result in an immediate reduction in the fund's net asset value per share. Any such payments out of capital will only be made to seek to maintain a stable payment per share but the payment per share is not fixed. Dividend yield of the fund does not represent the return of the fund, and past dividend yield does not represent future dividend yield. The dividends are not guaranteed. In case of distribution of gross investment income, all or part of the fund’s fees and expenses may be charged to the capital at the discretion of the board of Directors of the fund, resulting in an increase in distributable income for the payment of dividends by the fund and therefore, the fund may effectively pay dividend out of capital. This may reduce the capital that the fund has available for investment in the future and may constrain capital growth.
  • 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.
  • The fund invests in China A shares directly through the Qualified Foreign Institutional Investor (“QFII”) scheme and may incur losses due to limited investment opportunities, or may not be able to fully implement or pursue its investment objectives or strategy, due to QFII investment restrictions, illiquidity of the China A shares 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 Fund Specific Disclosures

Fidelity Retirement Master Trust

  • The MPF Conservative Fund under the Fidelity Retirement Master Trust does not guarantee the repayment of capital.
  • Fidelity SaveEasy Funds are not savings deposits and involve investment risks and this product may not be suitable for everyone. Investors should also consider factors other than age and review their own investment objectives.

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.

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