Fidelity Global Investment Grade Bond ETF Series L Trust · NEO:FCIG
Fidelity Global Investment Grade Bond ETF Series L Trust — Fidelity Investments Canada ULC — Investor Presentation (January 2023)
9 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's investor presentation, January 2023
Slide 1: Opportunities in small-cap investing
Opportunities in small-cap investing Connor Gordon Portfolio Manager January 2023 1 © 2023 FIDELITY INVESTMENTS CANADA ULC 966508-v20221118 FOR ADVISOR USE ONLY
Slide 2: Fidelity Global Small Cap Opportunities Fund: Portfolio Managers
Fidelity Global Small Cap Opportunities Fund Portfolio Managers Connor Gordon Chris Maludzinski Portfolio Manager Portfolio Manager Portfolio Global Small Cap Portfolio Global Small Cap 2019–Present 2019–Present Manager Opportunities Manager Opportunities Gold Generalist Precious metals 2013–2019 Sm
Slide 3: Uncovering value by aiming to identify 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 Emphasis on situations Focus on high-quality where the market under- companies with the Identify companies trading reacts to positive change or pote
Slide 4: Focused on two general types of mispricing
Fidelity Global Small Cap Opportunities Fund Focused on two general types of mispricing GROWTH AT A REASONABLE PRICE VALUE + CATALYST A high-quality business with the ability to grow, An underperforming business with a catalyst for reinvest, or compound capital at a high rate of improvement. return
Slide 5: Fidelity Global Small Cap Opportunities Institutional Trust
Fidelity Global Small Cap Opportunities Institutional Trust Standard period and calendar year returns, Series F (net of fees) Since As at December 31, 2022 3-Month 6-Month 1 Year 2 Year 3 Year inception* Fidelity Global Small Cap Opportunities 10.7 13.5 -7.5 7.8 12.9 13.6 Institutional Trust MSCI AC
Slide 6: The case for small caps
The case for small caps Global small caps are currently cheap based on historical averages 50x MSCI All Country World Small Cap Index - P/E ratio Historical Median (2007–2022) 45x 40x Price-to-earnings ratio 35x 30x 25x 20x 15x 10x 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202
Slide 7: 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 the world. Risk classification Me
Slide 8: 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 9: 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
Fidelity Investments Canada ULC — Investor Presentation (January 2023) on 6ix