Fidelity Japan Smaller Companies Fund

The Fidelity Japan Smaller Companies Fund primarily targets Japanese equities, along with other investments economically linked to Japan, dedicating a minimum of 80% of its portfolio to such holdings. Its main focus is on companies with smaller market capitalizations, generally defined by sizes comparable to those found in the Russell/Nomura Mid-Small Cap Index or the JASDAQ Index. However, the fund also retains the flexibility to invest in larger-cap Japanese issuers. To select its investments, the fund employs a rigorous fundamental analysis framework, evaluating individual companies based on their financial health and industry standing, in addition to assessing broader market trends and prevailing economic conditions.