Description

The primary objective of this fund is to achieve substantial capital appreciation over the long term. It predominantly allocates assets to non-U.S. securities, encompassing those issued by entities in developing economies. Common equities constitute its principal investment vehicle. The fund targets companies identified by Fidelity Management & Research Company LLC (FMR) as possessing strong growth potential, commonly referred to as "growth" stocks. Investment allocation is strategically diversified across various countries and geographical regions. To select holdings, the advisor employs rigorous fundamental analysis, evaluating factors such as an issuer's financial health, competitive standing within its industry, and prevailing market and macroeconomic conditions.