cb.uk.201201.0381.

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FIDELITY INVESTMENT FUNDS

MONEYBUILDER UK INDEX FUND

Fund Approach and Style
The Funds investment objective is to achieve long term capital growth by closely matching the performance of the FTSE Actuaries All-Share Index. The ACD will aim to hold securities that represent the FT-SE Actuaries All-Share Index (or, in the event of this index ceasing to be compiled, such other index as the ACD may deem appropriate). In order to manage the cash position of the portfolio, the ACD may utilise stock index futures as allowed by the regulations. Note: The Shares in the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (FTSE) or by the London Stock Exchange Plc (the Exchange) or by The Financial Times Limited (FT), and neither FTSE nor the Exchange nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FT-SE Actuaries All-Share Index (the Index) and/or the gure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE. However, neither FTSE nor the Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE nor the Exchange nor FT shall be under any obligation to advise any person of any error in the Index. FTSE and FT-SE are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. All-Share is a trade mark of FTSE International Limited. We often make use of equity index futures contracts to eciently manage the fund. Because futures contracts are employed, the cash position should not be used to assess the fund's exposure to the securities market.

31 JANUARY 2012

Fund Facts
Fund manager: Applied Research Group Appointed to fund: 01.07.11 Years at Fidelity: N/A Launch date: 10.01.96 Currency: UK Sterling NAV price: 0.63 12mnth NAV high: 0.67 12mnth NAV low: 0.55 Running Yield: 2.42% Share price: 0.63 Fund size: 833m Bloomberg code: FIDMBII ISIN code: GB0003875324
Distribution yield gives an indication of the current level of income. This is dened as the total income expected to be distributed over the coming 12 months based on the current holdings within the fund and is expressed as a percentage of the funds total market value. The distribution yield is net of the funds charges.

Market Index: MoneyBuilder UK Index Composite (NUK)* Market Index is for comparative purposes only unless specically referenced in the investment objective. *FTSE All Share (NUK)

Performance in GBP as at 31.01.12

12 month period Total return Jan 2011 Jan 2012 -0.4% Jan 2010 Jan 2011 17.5% Jan 2009 Jan 2010 31.8% Jan 2008 Jan 2009 -26.5% Jan 2007 Jan 2008 -6.0% Since 31.01.96 154.1% 183.5% 6.0% 6.7% 2,541

Performance year by year

20.0% 20.9% 11.8% 12.8% 21.0% 22.0% 16.5% 16.8% 29.2% 30.1% -30.2% -29.9% 14.5% 14.5%
10
9 -0 12 12 -1 1

-23.4% -22.7%

Fund cumulative growth Index cumulative growth Fund annualised growth Index annualised growth Value of 1,000 invested*
Ranking within Morningstar IMA UK All Companies

1 month 3.6% 2.7% -

YTD 3.6% 2.7% 1,036

1 yr -0.4% -0.3% -0.4% -0.3% 996

3 yrs 54.2% 56.9% 15.5% 16.2% 1,542

5 yrs 6.5% 9.3% 1.3% 1.8% 1,065

10 yrs 56.5% 65.6% 4.6% 5.2% 1,565

4.8% 5.3%

02

03

04

05

06

07

08

09

Position of fund Total number of funds Quartile ranking**

1 month 162 293 3

YTD 162 293 3

1 yr 93 288 2

3 yrs 115 272 2

5 yrs 101 250 2

10 yrs 79 174 2

Since 31.01.96 38 105 2

Fund

Index

Performance since 31.01.96

300% 250% 200% 150% 100% 50%
-9 7 3 -9 9 -0 1 -0 5 12 -0 12 12 12 12 12 -0 7

Source of performance: Morningstar, Inc as at 31.01.12, Performance is excluding initial charge. Basis: bid-bid with net income reinvested, in GBP. *Value invested gures include an initial charge, where one is deducted. **Quartile rank refers to performance over time rated on a scale of 1-4. A ranking of 1 indicates that the item being ranked is in the top 25% of the sample; a quartile of 2 indicates it's in the top 50% and so on. These gures relate to the funds past performance, which is not a reliable indicator of future results. Investments denominated in a currency other than the investors own currency will be subject to movements in foreign exchange rates. The value of investments and any income from them may go down as well as up and an investor may not get back the amount invested. If you are unsure of the suitability of an investment you should speak to a nancial adviser.

Fund

Index

-5.1% -3.5%
11

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FIDELITY INVESTMENT FUNDS

MONEYBUILDER UK INDEX FUND

Industry Breakdown
as at 31.01.12 Financials Oil & Gas Consumer Goods Basic Materials Consumer Services Industrials Health Care Telecommunications Other Cash Total Net Assets (%)
15.6% 13.9% 9.8% 9.5% 6.9% 6.2% 5.8% 4.7% 6.1% 21.6%

31 JANUARY 2012

Deviation from index

-4.6% -4.1% -3.2% -2.9% -2.1% -1.8% -1.9% -1.5% 0.6% 21.6%

Where derivative instruments are held they are shown as a component of the category labelled nancials. Any exposure to industry remains in nancials and is therefore not represented in the rest of the categories.

Geographic Breakdown
as at 31.01.12 United Kingdom Other Cash Total Net Assets (%)
77.4% 0.0% 22.6%

Deviation from index

-22.4% -0.2% 22.6%

Where derivative instruments are held they are represented within the categories.

Top Holdings
as at 31.01.12 HSBC HOLDINGS (UK REG) BP VODAFONE GROUP ROYAL DUTCH SHELL A (UK) GLAXOSMITHKLINE ROYAL DUTCH SHELL B (UK) BRITISH AMERICAN TOBACCO RIO TINTO BG GROUP BHP BILLITON 4.1% 3.9% 3.8% 3.6% 3.1% 2.7% 2.5% 2.4% 2.1% 2.0%

R A
%TNA

Ratings
Overall Morningstar Rating TM

****

Top security holdings are those securities in which the largest percentage of the funds total assets are invested. Holdings in dierent securities issued by the same company are listed separately and any exposure achieved by derivatives is not shown. This means that the data may not always represent the total exposure of the portfolio to any given company. A full list of holdings, including derivatives, can be found in the funds annual and/or semi-annual report and accounts.

Volatility and Risk

Risk/return rating

The Simplied Prospectus is available in English and can be obtained from our website at www.delity.co.uk/importantinformation or by calling 0800 41 41 81. The full prospectus may also be obtained from Fidelity. Reference in this document to specic securities should not be construed as a recommendation to buy or sell these securities, but is included for the purposes of illustration only. Investors should also note that the views expressed may no longer be current and may have already been acted upon by Fidelity. Morningstar annualised growth rates, total return, sector median performance and ranks Data Source - 2011 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar Ratings: Copyright - 2011 Morningstar, Inc. All Rights Reserved. An S&P Fund Management Rating represents an opinion only and should not be relied on when making an investment decision. S&P and Standard & Poors are trademarks of The McGraw-Hill Companies, Inc. Copyright 2011 Standard & Poors Financial Services LLC. Issued by FIL Investments International, authorised and regulated in the UK by the Financial Services Authority. Fidelity, Fidelity Worldwide Investment, the Fidelity Worldwide Investment logo and F symbol are trademarks of FIL Limited.CSO2734/na

This rating gives an indication of the risk level of Cash (A1A2), Bond (B1-B3) and Equity (E1-E5) funds only in relation to Fidelity's range of funds within each asset class. A higher number signies a higher risk fund. They are intended only as a guide and are based on our quarterly rating review process which uses information about a fund managers investment approach, as well as quantitative measures based on the funds historic performance and its current holdings.