Fidelity Cloud Computing UCITS ETF ACC-USD

(FCLD)

The investment objective of the Sub-Fund is to provide investors with a total net return, taking into account both capital and income returns, which reflects, before fees and expenses, the return of the Index. The Index is designed to reflect the performance of a global universe of companies that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing resources over the internet (the “Index Theme”). The Index may therefore encompass stock of companies engaged in activities linked to cloud infrastructure, such as, but not limited to, on-demand data storage space, remote servers technology and networks, cloud platforms, such as, but not limited to, tools supporting the creation of computer programs or operating systems delivered online and cloud software, such as, but not limited to, software applications delivered over the internet relevant to the Index Theme.