Fidelity Global Investment Grade Bond ETF Series L Trust · NEO:FCIG
Fidelity Global Investment Grade Bond ETF Series L Trust — Fidelity Investments Canada ULC — Focus 2023 Scottsdale
10 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's conference presentation, October 2023
Slide 1: Thinking big with small caps
Thinking big with small caps Connor Gordon Portfolio Manager October 2023 © 2023 FIDELITY INVESTMENTS CANADA ULC 966508-v2023928 FOR ADVISOR USE ONLY
Slide 2: The case for small caps
The case for small caps Small caps tend to outperform in market recoveries. Drawdown Subsequent recovery 90,000 Global Global Global Global Dec '21 to Sept '22 80,000 equities small caps equities small caps Apr '98 to Aug '98 -14% -24% 59% 63% 70,000 Mar '00 to Sep '02 -46% -34% 170% 228% Index (Mar
Slide 3: Fidelity Global Small Cap Opportunities Fund Portfolio Managers
Fidelity Global Small Cap Opportunities Fund Portfolio Managers Portfolio Manager 2019–Present Global Small Cap Opportunities Generalist Analyst 2013–2019 Small and mid caps Analyst 2009–2013 Industrials Connor Gordon Technology Health care Portfolio Manager Portfolio Manager 2019–Present Global Sma
Slide 4: Uncovering value by identifying high-quality companies that are mispriced
Fidelity Global Small Cap Opportunities Fund Uncovering value by aiming to identify high-quality companies that are mispriced QUALITY CHANGE MISPRICING Focus on high-quality Emphasis on situations where Identify companies companies with the the market underreacts to trading at a discount to potentia
Slide 5: Fidelity Global Small Cap Opportunities Institutional Trust returns
Fidelity Global Small Cap Opportunities Institutional Trust Standard period and calendar year returns, Series F (net of fees) Since As at August 31, 2023 3-month 6-month 1 year 2 year 3 year inception* Fidelity Global Small Cap Opportunities 9.7 7.2 15.3 22.9 5.2 15.5 Institutional Trust MSCI AC Wor
Slide 6: Focused on two general types of mispricing
Fidelity Global Small Cap Opportunities Fund Focused on two general types of mispricing QUALITY VALUE SPECIAL SITUATIONS A business with the ability to grow, A business undergoing a material reinvest and compound capital at a high change in strategy, management rate of return for a long period of ti
Slide 7: Top ten holdings as at June 30, 2023
Fidelity Global Small Cap Opportunities Fund Top ten holdings as at June 30, 2023 SECURITY INDUSTRY Kirby Marine CSW Industrials Building products BWX Technologies Aerospace and defence Valvoline Specialty retail FTI Consulting Professional services Fairfax Financial Holdings Insurance Demant Health
Slide 8: Why this Fund? Fund details and strategy parameters
Fidelity Global Small Cap Opportunities Fund Why this Fund? Fund details and strategy parameters Portfolio managers Connor Gordon, Chris Maludzinski A high-conviction portfolio of typically 40–80 small-cap Category Global Small/Mid Cap Equity companies anywhere in Risk classification Medium the worl
Slide 9: Important notice
Important notice For advisor use only. No recipient is authorized to pass this communication on to any other person whatsoever or reproduce it by any means without the prior written consent of Fidelity. Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated
Slide 10: Important notice
Important notice Certain statements in this commentary may contain forward-looking statements (“FLS”) that are predictive in nature and may include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates” and similar forward-looking expressions or negative versions thereof
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