Insights

Important information

Marketing communication. This material is for Investment Professionals only and should not be relied upon by private investors.

Please refer to the offering documents/prospectus of the Fund before making any final investment decisions. The investment which is promoted concerns the acquisition of units or shares in a fund, and not in a given underlying asset owned by the Fund. Complete information on risks can be found in the Prospectus.

Investment objective

The Fund’s investment strategy is to renovate and reposition predominantly commercial real estate assets in Western Europe, including the U.K., to deliver sustainable workspaces.

Buildings will be selected based on their potential to deliver sustainability improvements with an expectation that the largest exposure will be to offices, followed by logistics and retail assets. The sustainable investment objective of the Fund aligns with contributing to climate change mitigation.

Risk factors

• The value of investments and the income from them can go down as well as up, and investors may not get back the amount invested, facing a risk of capital loss.
• Past performance is not a reliable indicator of future returns. The Fund’s returns may increase or decrease as a result of currency fluctuations.
• This Fund invests directly in property and land, which can be difficult to sell, and the value is generally a matter of opinion rather than fact. There may be a delay in acting on your instructions to sell your investment. The value of property is generally a matter of a valuer’s opinion rather than fact.
• Reference in this document to specific securities should not be construed as a recommendation to buy or sell these securities but is included for the purposes of illustration only.
• The Fund does not offer any guarantee or protection with respect to return, capital preservation, stable net asset value or volatility.
• There can be no assurance that a Fund’s investment objective will be achieved.
• The long-term nature of delivering returns across the economic cycle and the use of financial derivative instruments as part of an investment strategy may result in a higher level of leverage and increase the overall risk exposure of the Fund and the volatility of their Net Asset Value.
• Investments in foreign exchange transactions may also be subject to significant fluctuations, which may affect the value of an investment.
• Market risk from adverse economic impact could cause an unfavourable swift to demand and price movements.
• Liquidity risk due to assets may not be tradable quickly enough in the market we invest or traded on unfavourable prices.
• Funding risk applicable through unpredictable timing of cash flows over the life of this Fund. Additionally, if financing is structured to meet debt repayments, then this could increase the liquidity risk as well.
• Interest rate risk as it may affect the financing cost and derivation of capitalization rates which has a direct impact on demand dynamics of real estate climate impact funds.
• This document contains information about a fund currently in marketing in your country.
• Investors should note that the views expressed may no longer be current and may have already been acted upon.
• The value of investments and the income from them can go down as well as up so you may get back less than you invest.
• This Fund invests in overseas markets, so the value of investments can be affected by changes in currency exchange rates.
• This Fund invests directly in property, which can be difficult to sell, and the value is generally a matter of opinion rather than fact.
• The Fund may use third-party borrowing, and this results in leverage. Borrowing exposes the Fund to risks associated with debt financing (e.g., refinancing and interest rate risk where variable rates are applied) and creates greater potential for loss.
• Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only.

Fund sustainability information

• The Fund is classified as Article 9 under SFDR. For more details on our SFDR disclosures, please refer to https://www.fidelity.lu/sfdr.
• Further product-specific sustainability information can be found on the website: Sustainability-related disclosure: https://www.fidelity.lu/fidelity-real-estate-logistics-impact-climate-solutions-fund. For more information on our Fidelity Sustainable Investing Framework (FSIF) and its Real Estate Adaptations, please go to: https://fidelityinternational.com/sustainable-investing-framework/.

• The Fund integrates sustainability analysis into its investment process and has a sustainable investment objective.
• The Fund aims to achieve capital growth over the long term by investing in Sustainable Investments.
• The Fund adheres to a principle-based exclusion policy incorporating both norms-based screening and negative screening of certain sectors, companies or practices based on specific ESG criteria as determined by the investment manager from time to time. The norms-based screening includes issuers which the investment manager considers have failed to conduct their business in accordance with accepted international norms, including as set out in the United Nations Global Compact, as well as sovereign issuers on the Financial Action Task Force (FATF) blacklist and sovereign issuers identified using other internationally recognized country indicators.
• The negative screening includes issuers which have exposure to controversial weapons (biological, chemical, incendiary weapons, depleted uranium, non-detectable fragment, blinding lasers, cluster munitions, landmines and nuclear weapons); thermal coal mining and power generation (subject to transition criteria); production and/or distribution of tobacco, conventional and semi-automatic weapons; and arctic oil and gas and oil sands. The investment manager may apply revenue thresholds for more refined screens and has the discretion to implement additional sustainable requirements and exclusions.

Fidelity International Real Estate Logistics Impact Climate Solutions Fund SCA SICAV-SIF, the “Fund”, is an investment company with variable capital – specialised investment fund (société d’investissement à capital variable – fonds d’investissement spécialisé) in the form of a partnership limited by shares (société en commandite par actions) under the laws of the Grand Duchy of Luxembourg, and qualifies as a closed-ended alternative investment fund or “AIF” under the AIFM Law pursuant to the 2007 Law.

Fidelity Investments Canada ULC acts as exempt market dealer with respect to this product. In Canada, this document is for the use of Non-Individual Permitted Clients only. Investments should be made on the basis of the final approved prospectus / offering documentation, including Canadian wrapper.

FIL Investment Management (Luxembourg) S.A., a public limited company (société anonyme), incorporated under the laws of the Grand Duchy of Luxembourg, registered in Luxembourg under the company number R.C.S. Luxembourg B88635, has been appointed by the Fund, in accordance with the AIFM Agreement, to serve as the Company’s Fund’s alternative investment fund manager, the AIFM.

The registered address for both above mentioned entities is 2a, rue Albert Borschette, L-1246 Luxembourg.

FIL Investment Management (Luxembourg) S.A. reserves the right to terminate the arrangements made for the marketing of the sub-fund and/ or its shares in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU. Prior notice of this cessation will be made in Luxembourg.

This information must not be reproduced or circulated without prior permission.

Fidelity only offers information on products and services and does not provide investment advice based on individual circumstances, other than when specifically stipulated by an appropriately authorized firm, in a formal communication with the client.

Fidelity International refers to the group of companies which form the global investment management organization that provides information on products and services in designated jurisdictions outside of North America. This communication is not directed at, and must not be acted upon by, persons inside the U.S. and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorized for distribution or where no such authorization is required.

Unless otherwise stated, all products and services are provided by Fidelity International, and all views expressed are those of Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are registered trademarks of FIL Limited.

No statements or representations made in this document are legally binding on Fidelity or the recipient. Any proposal is subject to contract terms being agreed.

We recommend that you obtain detailed information before taking any investment decision.

Investment should be made based on the latest available offering documents available in English provided via the Information Method, or available or disclosed at the registered office and Annual Reports that will be provided to Investors upon request free of charge.

Luxembourg: https://www.fidelity.lu in English. Issued by FIL (Luxembourg) S.A., authorized and supervised by the CSSF (Commission de Surveillance du Secteur Financier).

Belgium: https:www.fidelity.be in Dutch. Issued by FIL (Luxembourg) S.A., authorized and supervised by the CSSF (Commission de Surveillance du Secteur Financier).

CPA25033007

Issued by Fidelity Investments Canada ULC (“FIC”). Unless otherwise stated, all views expressed are those of Fidelity International, which acts as a subadvisor in respect of certain FIC institutional investment products or mandates.

For institutional use only.

This document is for investment professionals only and should not be relied on by private investors.

This document is provided for information purposes only and is intended only for the person or entity to which it is sent. It must not be reproduced or circulated to any other party without the prior permission of Fidelity.

This document does not constitute a distribution, an offer or solicitation to engage the investment management services of Fidelity, or an offer to buy or sell or the solicitation of any offer to buy or sell any securities in any jurisdiction or country where such distribution or offer is not authorized or would be contrary to local laws or regulations. Fidelity makes no representations that the contents are appropriate for use in all locations or that the transactions or services discussed are available or appropriate for sale or use in all jurisdictions or countries or by all investors or counterparties.

This communication is not directed at and must not be acted on by persons inside the U.S. and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorized for distribution or where no such authorization is required. Fidelity is not authorized to manage or distribute investment funds or products in, or to provide investment management or advisory services to persons resident in, mainland China. All persons and entities accessing the information do so on their own initiative and are responsible for compliance with applicable local laws and regulations and should consult their professional advisors.

Reference in this document to specific securities should not be interpreted 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. The research and analysis used in this documentation is gathered by Fidelity for its use as an investment manager and may have already been acted upon for its own purposes. This material was created by Fidelity International.

This article has been provided by Fidelity Investments Canada ULC (Fidelity) and is for informational purposes only. It comprises, among other things, examples of sustainable investing activities across Fidelity and FIL Limited (Fidelity International) only, current as of December 9, 2024. The article may refer to ESG considerations that Fidelity and Fidelity International may take into account as part of their research or investment process, and is not necessarily reflective of the approach of any other Fidelity Investments company or subadvisor, such as Fidelity Management & Research Company LLC, FIAM LLC, Geode Capital Management LLC and State Street Global Advisors Ltd., to ESG research, stewardship and sustainable investing, either specifically or generally.

Past performance is not a reliable indicator of future results.

This document may contain materials from third parties which are supplied by companies that are not affiliated with any Fidelity entity (third-party content). Fidelity has not been involved in the preparation, adoption or editing of such third-party materials and does not explicitly or implicitly endorse or approve such content.

Fidelity International refers to the group of companies which form the global investment management organization that provides products and services in designated jurisdictions outside of North America. Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited. Fidelity only offers information on products and services and does not provide investment advice based on individual circumstances.

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