Fidelity Emerging Markets Limited PTG

The Company aims to achieve long term growth by primarily investing in securities and financial instruments providing exposure to emerging markets companies. Investment Policy: The Investment Manager will invest at least 80% in companies whose head office, listing, assets, operations, income, or revenues are predominantly in or derived from emerging markets. The Investment Manager will maintain a portfolio with at least 75 holdings in companies listed or operating in at least 15 countries. The Company may also invest into other transferable securities, investment companies, money market instruments, unlisted shares, cash and deposits and is also able to use derivatives for efficient portfolio management, to gain additional market exposure (gearing), to seek a positive return from falling asset prices, and for other investment purposes. Benchmark: MSCI Emerging Markets Index (Net). Used for: investment selection, risk monitoring and performance comparison.