Fidelity Global Income Fund

The fund aims to achieve capital growth over time and provide a high level of income. The fund invests at least 70% of its assets, in debt securities from anywhere in the world, including emerging markets. Investments may include investment grade and below investment grade debt securities of varying maturities and high yield bonds and emerging market debt denominated in various currencies. The fund may also invest in money market instruments on an ancillary basis. The fund may invest in the following assets according to the percentages indicated: - investment grade debt securities: at least 50% - below investment grade bonds: up to 50% - Listed China onshore bonds (directly and/or indirectly): less than 30% (in aggregate) - hybrids and contingent convertible (CoCo) bonds: less than 30%, with CoCos less than 20%. The fund may also invest in other subordinated financial debt and preference shares. The fund’s exposure to distressed securities is limited to 10% of its assets.