Description

The Fidelity Disruptive Finance Fund generally allocates a minimum of 80% of its total assets to investments in companies that are innovating within the financial sector. Its primary investment focus is on equity securities. The Adviser defines "disruptive financial" firms as those that leverage digital advancements to provide financial services that are more economical, streamlined, and personalized for consumers. This category includes, but is not limited to, businesses involved in areas such as digital payment systems, financial data processing, internet-based banks, and new models for lending and insurance. It should be noted that this fund operates on a non-diversified basis.