Fidelity^® Sustainable International Equity Fund: Investment Approach

• Fidelity^® Sustainable International Equity Fund is a diversified international equity strategy that seeks the long-term growth of capital by investing primarily in non-U.S. stocks that we believe have proven or improving sustainability practices based on an evaluation of such companies' environmental, social, and governance (ESG) profile.
• We manage the fund with a long-term view, focusing on high-quality companies with above-average growth prospects and strong or improving ESG characteristics that are trading at reasonable prices.
• Layered into this investment framework is a desire to own businesses that have stable and high returns on capital, durable competitive positions, consistent profitability, solid free-cash-flow generation, good balance sheets and management teams whose interests are aligned with those of shareholders.
• We strive to uncover these companies through in-depth fundamental, technical and quantitative analysis, working in concert with Fidelity's global research team, with the goal of producing above-index performance over a full market cycle.