This investment trust is built on companies with well-formed , long-standing foundations .

Europe is home to some of the strongest , most stable and resilient companies . These global household names are famed for standing the test of time , even through periods of economic uncertainty .

Using Fidelity ’ s extensive research team , portfolio manager Sam Morse aims to select well-established European companies with proven business models , attractive valuations and the ability to grow dividends both now and in the future . It ’ s these classic giants with market-beating potential that have helped the investment trust outperform the index over the long term .

PAST PERFORMANCE

The value of investments can go down as well as up and you may not get back the amount you invested . Overseas investments are subject to currency fluctuations .

This trust uses financial derivative instruments for investment purposes , which may expose the fund to a higher degree of risk and can cause investments to experience larger than average price fluctuations .

To find out more , scan the QR code , visit fidelity . co . uk / europe or speak to your adviser .

2021

EUROPEAN EQUITY – ACTIVE

Net Asset Value -2.0 % 19.1 % 8.0 % 18.1 % 9.9 % Share Price -4.1 % 22.8 % 11.3 % 18.6 % 7.8 %

FTSE World Europe ex-UK Total Return Index

-7.8 % 15.0 % 7.9 % 13.8 % 4.7 %

Past performance is not a reliable indicator of future returns . Source : Morningstar as at 31.01.2023 , bid-bid , net income reinvested . © 2023 Morningstar Inc . All rights reserved . The FTSE World Europe ex-UK Total Return Index is the comparative index of the investment trust .

The latest annual reports , key information document ( KID ) and factsheets can be obtained from our website at www . fidelity . co . uk / its or by calling 0800 41 41 10 . The full prospectus may also be obtained from Fidelity . The Alternative Investment Fund Manager ( AIFM ) of Fidelity Investment Trusts is FIL Investment Services ( UK ) Limited . Issued by Financial Administration Services Limited , authorised and regulated by the Financial Conduct Authority . Fidelity , Fidelity International , the Fidelity International logo and F symbol are trademarks of FIL Limited . UKM0223 / 381246 / SSO / 0523