Fidelity Global Investment Grade Bond ETF Series L Trust — Fidelity Investments Canada ULC — Debt Investor Presentation (June 2023)

4 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's debt investor presentation, June 2023

Slide 1: Fixed income now
Fixed income now Jeff Moore Portfolio Manager Stacie Ware Quantitative Analyst June 2023 1 © 2023 FIDELITY INVESTMENTS CANADA ULC 403455-v202353 FOR ADVISOR USE ONLY
Slide 2: Cycles since 1973
Cycles since 1973 Median change in interest rates 6 Current implied terminal rate 5 Current yield curve 4 Yield (%) 3 2 1 0 0 5 10 15 20 25 30 Maturity (Yrs) Source: Fidelity Investments and Bloomberg as of May 15, 2023. 2 © 2023 FIDELITY INVESTMENTS CANADA ULC 403455-v202353 FOR ADVISOR USE ONLY
Slide 3: Fidelity's multi-sector funds
Fidelity’s multi-sector funds Investment Grade Global Investment Multi-Sector Global Core Fund Tactical Credit Total Bond Fund Grade Bond ETF Bond Fund Plus Bond ETF Inception 2018 2020 2017 2019 2022 ≤ 25% ≤ 25% ≥ 30% ≥ 30% ≤ 100% Investment mix IG Non-IG ≥ 75% ≥ 75% ≤ 70% ≤ 70% Risk rating Low (CN
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