Fidelity Global Investment Grade Bond ETF Series L Trust · NEO:FCIG
Fidelity Global Investment Grade Bond ETF Series L Trust — Fidelity Investments Canada ULC — Fidelity Focus 2022 Orlando
6 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's conference presentation, December 2022
Slide 1: Navigating through the new normal: An alternative perspective
Navigating through the new normal: An alternative perspective Brett Dley Portfolio Manager David Way Portfolio Manager December 2022 1 © 2022 FIDELITY INVESTMENTS CANADA ULC FOR ADVISOR USE ONLY 958107-v2022926
Slide 2: Fidelity Market Neutral Alternative Fund
Fidelity Market Neutral Alternative Fund STRATEGY Market neutral TARGET BETA 0 ± 0.1 TYPICAL % SHORT Up to 100% NO. OF STOCKS c. 100–150 (40–50 long) BENCHMARK FTSE Canada 91-Day T-Bill Index REFERENCE INDEX 50/50 S&P/TSX Capped Composite/S&P 500 Index Brett Dley MANAGEMENT FEE* Series F: 1.15% Seri
Slide 3: Example: Hedging valuation risk to focus on fundamentals
Example: Hedging valuation risk to focus on fundamentals Long: MongoDB Inc (MDB), Short: Asana Inc (ASAN) 130% Entry Point: MDB ASAN NASDAQ Composite TR Exit Point: July 12, 2021 May 24, 100% 2022 70% 40% 10% -20% Stock & Index Returns (July 1, 2021 – June 30, 2022) • MongoDB Inc: -28.22% -50% • Asa
Slide 4: Fidelity Long/Short Alternative Fund
Fidelity Long/Short Alternative Fund STRATEGY Long/short equity TARGET BETA 0.0–1.0 TYPICAL % SHORT 30% NO. OF STOCKS c. 30–60 per side BENCHMARK 50/50 S&P/TSX Capped Composite/S&P 500 Index Series F, F5, F8: 1.15% MANAGEMENT FEE* David Way Series B, S5, S8: 2.15% Portfolio Manager MINIMUM CDN$ 500
Slide 5: Example: Overvalued pandemic winners
Example: Overvalued pandemic winners Short: Carvana Co (CVNA) 20.00% 0.00% Position built -20.00% from May 2021 CVNA S&P 500 TR to Sept 2021 -40.00% -60.00% Stock & Index Returns (July 1, 2021 – June 30, 2022) • Carvana Co.: -92.52% -80.00% • S&P 500 TR: -10.49% -100.00% Jul-21 Aug-21 Sep-21 Oct-21
Slide 6: 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
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