Toronto-based Fidelity Investments Canada ULC Tuesday announced a change to the risk rating of Fidelity International Value Fund.

Fidelity has changed the risk rating for the fund from “medium” risk to “medium to high” risk. The objective and strategies of the fund remain the same.

The change will be reflected in the renewal of the simplified prospectus of the fund, which will be filed with Canadian securities regulators on October 30.