Fidelity Global Investment Grade Bond ETF Series L Trust — Fidelity Investments Canada ULC — Fidelity FOCUS 2022 Scottsdale

4 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's conference presentation, October 2022

Slide 1: Balancing income and risk: A tactical approach
Balancing income and risk: A tactical approach Adam Kramer Portfolio Manager Scott Mensi Institutional Portfolio Manager October 2022 1 © 2022 FIDELITY INVESTMENTS CANADA ULC 92323-v2022112 FOR ADVISOR USE ONLY
Slide 2: Asset class performance
Asset class performance Changing leadership among asset classes YTD ASSET CLASS 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Investment- 8.4 10.3 4.1 4.3 2.4 4.3 7.0 5.2 5.9 6.5 7.8 4.2 -2.0 6.0 0.5 2.6 3.5 0.0 8.7 7.5 -1.5 -10.8 grade
Slide 3: Asset allocation
Asset allocation As at July 31, 2022 100% Cash and net other assets U.S. Treasury and government- related securities 80% Mortgage-backed securities Investment-grade corporate 60% bonds Emerging markets debt Bank loans 40% High-yield investments 20% Convertibles Preferred stock 0% Equities ex. prefer
Slide 4: 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