Semi-Annual Reports and Accounts - Fidelity Worldwide Investment

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FIDELITY INVESTMENT FUNDS IV INTERIM REPORT AND FINANCIALSTATEMENTS FOR THE SIX MONTH PERIOD ENDED 30 APRIL 2014CONTENTSDirector’s report* 2Statement of Authorised Corporate Director’s responsibilities 3Certification of the Interim Report and Financial Statements by Directors 3General information* 3Aggregated Financial Statements for Fidelity Investment Funds IV 4FUND MANAGER REVIEWS* AND FINANCIAL STATEMENTSFidelity Allocator World Fund 6Fidelity Multi Asset Adventurous Fund 9Fidelity Multi Asset Allocator Adventurous Fund 12Fidelity Multi Asset Allocator Defensive Fund 15Fidelity Multi Asset Allocator Growth Fund 18Fidelity Multi Asset Allocator Strategic Fund 21Fidelity Multi Asset Balanced Income Fund 24Fidelity Multi Asset Defensive Fund 34Fidelity Multi Asset Growth Fund 37Fidelity Multi Asset Income Fund 40Fidelity Multi Asset Income & Growth Fund 51Fidelity Multi Asset Open Adventurous Fund 57Fidelity Multi Asset Open Defensive Fund 60Fidelity Multi Asset Open Growth Fund 63Fidelity Multi Asset Open Strategic Fund 66Fidelity Multi Asset Strategic Fund 70Fidelity Open World Fund 73Fidelity Target 2015 Fund 76Fidelity Target 2020 Fund 79Fidelity Target 2025 Fund 82Fidelity Target 2030 Fund 85Fidelity Undiscovered Talent Fund 88Fidelity WealthBuilder Fund 91Portfolio Statements 94Total Purchases and Sales 132Risk and Reward Profiles 133Further information* 136* These collectively comprise the Authorised Corporate Director’s (ACD) report.1
FIDELITY INVESTMENT FUNDS IV INTERIM REPORT AND FINANCIALSTATEMENTS FOR THE SIX MONTH PERIOD ENDED 30 APRIL 2014DIRECTOR’S REPORTWe are pleased to present the interim report and financial statements forFidelity Investment Funds IV (“the Company”), covering the six month periodto 30 April 2014.As required by the Collective Investment Schemes sourcebook (COLL), theAuthorised Corporate Director (ACD) has issued a Short Report for theCompany to investors.Reference in this document to specific securities should not be construed asa recommendation to buy or sell these securities but is included for thepurpose of illustration only. Investors should also note that the viewsexpressed may no longer be current and may already have been actedupon by Fidelity.COMPANY AND STATUSThe Company is an open-ended investment company with variable capitalincorporated in England and Wales under registered number IC000712and authorised by the Financial Conduct Authority (FCA) on 2 October 2008.The Company is authorised as a non-UCITS retail scheme (NURS) andstructured as an umbrella company comprising various funds, each of whichis operated as a distinct fund, with its own portfolio of investments.The funds in which shares are currently available are:Fidelity Allocator World FundFidelity Multi Asset Adventurous FundFidelity Multi Asset Allocator Adventurous FundFidelity Multi Asset Allocator Defensive FundFidelity Multi Asset Allocator Growth FundFidelity Multi Asset Allocator Strategic FundFidelity Multi Asset Balanced Income FundFidelity Multi Asset Defensive FundFidelity Multi Asset Growth FundFidelity Multi Asset Income FundFidelity Multi Asset Income & Growth FundFidelity Multi Asset Open Adventurous FundFidelity Multi Asset Open Defensive FundFidelity Multi Asset Open Growth FundFidelity Multi Asset Open Strategic FundFidelity Multi Asset Strategic FundFidelity Open World FundFidelity Target 2015 FundFidelity Target 2020 FundFidelity Target 2025 FundFidelity Target 2030 FundFidelity Undiscovered Talent FundFidelity WealthBuilder FundIn the future additional funds, or new classes of shares within existing funds,may be launched by the ACD.Each fund has the investment powers equivalent to those of a NURS as perthe Prospectus.Shareholders are not liable for the debts of the Company. A shareholder isnot liable to make any further payment to the Company after they havepaid the purchase price of the shares.The Company is governed by the requirements of the Open-EndedInvestment Companies Regulations 2001 (SI 2001/1228) ("OEICRegulations") and the FCA’s Handbook of rules and guidance, specificallythe COLL. As permitted by the COLL, the Company does not hold AnnualGeneral Meetings.In accordance with the OEIC Regulations and with the approval of the FCA,the Company has converted to segregated liability status between funds on13 December 2013. Having segregated liability between funds means thatthe assets of a fund belong exclusively to that fund and shall not be usedto discharge directly or indirectly the liabilities of, or claims against, anyother person or body, including the Company, or any other fund.OBJECTIVESThe broad aim of the Company is to provide access, both indirectly throughinvesting in other collective investment schemes and directly, to the globalresearch resources and stockpicking skills of Fidelity’s investmentmanagement teams throughout the world. Each fund provides theopportunity to benefit from investment in professionally managed pools ofsecurities and other financial instruments in different geographic areas andcurrencies.The investment objective and a review of the investment activities of eachfund during the period under review are included within the Fund ManagerReviews.CHANGES TO THE PROSPECTUSFor the period ended 30 April 2014 the following significant changes weremade to the Prospectus or Instrument of Incorporation:• The Company converted to segregated liability status between funds on13 December 2013 in accordance with the OEIC Regulations and withthe approval of the FCA.Share class launches• Fidelity Multi Asset Open Strategic Fund launched Y Accumulation Shareclass on 13 November 2013.• Y Accumulation Share classes were launched on 10 December 2013 forMulti Asset Balance Income Fund (including Gross paying Shares), MultiAsset Income Fund (including Gross paying Shares) and Multi AssetIncome & Growth Fund.• Accumulation (clean) Share classes in the PathFinder range werelaunched on 30 January 2014 for the following funds:Fidelity Allocator World FundFidelity Multi Asset Adventurous FundFidelity Multi Asset Allocator Adventurous FundFidelity Multi Asset Allocator Defensive Fund(including Gross paying Shares)Fidelity Multi Asset Allocator Growth FundFidelity Multi Asset Allocator Strategic FundFidelity Multi Asset Defensive Fund(including Gross paying 1 Shares)Fidelity Multi Asset Growth FundFidelity Multi Asset Open Growth FundFidelity Multi Asset Open Strategic FundFidelity Multi Asset Strategic FundFidelity Multi Asset Open Adventurous FundFidelity Multi Asset Open Defensive Fund(including Gross paying shares)Fidelity Open World FundFidelity WealthBuilder Fund2
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FIDELITY OPEN WORLD FUNDINVESTMENT
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FIDELITYOPEN WORLD FUNDSTATEMENT OF
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FIDELITYTARGET 2015 FUNDPORTFOLIO I
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FIDELITY TARGET 2020 FUNDINVESTMENT
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FIDELITYTARGET 2025 FUNDPORTFOLIO I
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FIDELITY TARGET 2030 FUNDINVESTMENT
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FIDELITYTARGET 2030 FUNDSTATEMENT O
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FIDELITYUNDISCOVERED TALENT FUNDPOR
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FIDELITY WEALTHBUILDER FUNDINVESTME
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FIDELITYWEALTHBUILDER FUNDSTATEMENT
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FIDELITY MULTI ASSET BALANCED INCOM
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FIDELITY MULTI ASSET DEFENSIVE FUND
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FIDELITY MULTI ASSET GROWTH FUNDPOR
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FIDELITY MULTI ASSET INCOME & GROWT
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FIDELITY MULTI ASSET OPEN ADVENTURO
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FIDELITY MULTI ASSET OPEN DEFENSIVE
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FIDELITY MULTI ASSET OPEN STRATEGIC
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FIDELITY TARGET 2015 FUNDPORTFOLIO
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FIDELITY TARGET 2025 FUNDPORTFOLIO
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FIDELITY UNDISCOVERED TALENT FUNDPO
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FIDELITY WEALTHBUILDER FUNDPORTFOLI
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FIDELITY INVESTMENT FUNDS IV INTERI
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Fidelity, Fidelity Worldwide Invest
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Semi-Annual Reports and Accounts - Fidelity Worldwide Investment

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