Transactions with the Management Company or its Affiliates. During the year ended 30 April 2020, the Management Company provided certain services such as administrative services, valuation, record keeping or investment management to the Fund. Investments through the Fund into Underlying Funds may entail a duplication of certain fees and expenses for the Unitholders. In order to avoid any duplication of management fees, no management fees are charged on the Fund's assets invested in Fidelity Funds. For the Underlying Funds currently held the following investment management fees apply: for Equity funds up to 1.50% of the Net Asset Value. The Fund will not be required to pay a sales charge when acquiring shares in Underlying Funds. Total fees generated by the Management Company or its affiliates from services provided to Fidelity Funds are disclosed in the Annual Report of Fidelity Funds, which is available upon request.
