Benefits of investing in the Fidelity Wholesale Plus Global Equities Fund

Some of the benefits that may arise from an investment in the Fund include the following:

• Potential to earn higher returns than the Fund's benchmark, the MSCI All Country World Index NR, over the suggested timeframe.

• Access to a bottom-up, professionally managed core portfolio of global shares.

• Access to the investment knowledge and expertise of the Manager's global network of investment professionals who can assess the foreign operations of the companies they cover.

• Access to a portfolio of shares that may provide income distributions.

The Fidelity Wholesale Plus Global Equities Fund (the Fund) is likely to be appropriate for a consumer:
− seeking to achieve long term capital growth through investing in an actively managed portfolio of global securities. 
− intending to access the Fund through an Investor Directed Portfolio Service (IDPS), IDPS-like scheme or a 
nominee or custody service, a managed account or any other service or platform approved by us (collectively 
referred to as an 'Investment Service') or through a superannuation fund. The Fund isn’t open to direct 
investors
− intending to use the investment in the Fund as a core component, minor or satellite allocation within a 
portfolio;
− who has an investment timeframe of at least 6 years;
− who has a 'Very High' risk/return profile; and
− seeking the ability to make daily withdrawal requests and for withdrawal proceeds to be paid typically within 
10 Business Days to the consumer's Investment Service or superannuation fund under normal market 
conditions.

About the Fund

The Fund will invest into the Fidelity Global Equities Fund APIR FID0007AU (Underlying Fund), which is an actively managed portfolio of global securities.

Some of the key features include the following:

• Access to a core holding of global shares.

• An investment approach driven by fundamental research that favours companies the Manager believes are positioned to deliver high earnings growth and capital returns, but where that potential is not yet fully reflected in the share price.

• The ability for the Manager to call on the research of a team of global and regional sector analysts.

How we invest your money

The Underlying Fund invests in a diversified selection of global securities.

The Manager believes that markets are semi-efficient and share prices do not always reflect inherent value. Through in-house, bottom-up company research, the Manager aims to uncover the opportunities that it believes offer the greatest scope for outperformance. Based on this research approach, the Manager seeks out stocks that it believes are undervalued and likely to generate growth. The companies selected for the portfolio must demonstrate good management, strong competitive advantages and enjoy favourable industry dynamics.

The Underlying Fund's exposure to international securities1 will not be hedged back to Australian dollars. This means that the value of an investment in the Underlying Fund will change not only on the basis of a change in asset values, but also because of movements in exchange rates.

The Manager may make use of derivatives, such as futures contracts and swaps. Generally, derivatives will be used for cash flow management purposes within the Underlying Fund. Any derivative exposure must be fully covered by cash or assets sufficient to meet any obligation that could arise. If derivatives are used, they will comprise a small portion of the Underlying Fund's assets.

The asset allocation of the Underlying Fund is:

• Global securities: 90-100%

• Cash: 0-10%