Fidelity U.S. Monthly Income Currency Neutral Fund is a multi-asset class investment solution that invests primarily in high-quality U.S. dividend-paying equities and high-yielding fixed-income securities. It aims to deliver income and the potential for capital appreciation.
Currency Neutral Funds use derivatives to mitigate the Fund's exposure to changes in exchange rates between developed market currencies and the Canadian dollar. The investment approach used by the Funds, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The Fund's returns will differ from the local currency returns of its underlying fund.