Fidelity to change risk ratings of certain funds

Fidelity Investments Canada ULC announced on Thursday that the risk ratings of 11 of its mutual funds will change on April 1.

In a press release, Fidelity outlined the new risk ratings being proposed, which are described below:

• Fidelity Canadian Opportunities Fund will change from a “medium to high” risk rating to “medium”
• Fidelity Canadian Opportunities Class will change from a “medium to high” risk rating to “medium”
• Fidelity Japan Fund will change from a “high” risk rating to “medium to high”
• Fidelity Japan Class will change from a “high” risk rating to “medium to high”
• Fidelity Far East Fund will change from a “high” risk rating to “medium to high”
• Fidelity Far East Class will change from a “high” risk rating to “medium to high”
• Fidelity Tactical Strategies Fund will change from a “medium” risk rating to “low to medium”
• Fidelity Global Credit Ex-U.S. Investment Trust will change from a “low” risk rating to “low to medium”
• Fidelity Special Situations Fund will change from a “high” risk rating to “medium to high”
• Fidelity Special Situations Class will change from a “high” risk rating to “medium to high”
• Fidelity Multi-Sector Bond Currency Neutral Fund will change from a “low to medium” risk rating to “low”

The investment objectives and strategies of the mutual funds will remain unchanged, according to the release.

Staff

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