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 Toronto
5 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's conference presentation, June 2023
Slide 1: A tactical approach to income investing
A tactical approach to income investing Adam Kramer Portfolio Manager Scott Mensi Institutional Portfolio Manager June 2023 1 © 2023 FIDELITY INVESTMENTS CANADA ULC 92323-v202353 FOR ADVISOR USE ONLY
Slide 2: Asset class performance
Asset class performance Changing leadership among asset classes YTD ASSET CLASS 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Investment- 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 -13.0 3.6 grade
Slide 3: Portfolio construction
Portfolio construction Forecasted Equity, credit portfolio beta and duration risk Seeking value and income by balancing equity, credit and duration risk. Scenario analysis For illustrative purposes only. 3 © 2023 FIDELITY INVESTMENTS CANADA ULC 92323-v202353 FOR ADVISOR USE ONLY
Slide 4: Asset allocation
Asset allocation As at April 30, 2023 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 Convertibles 20% Preferred stock 0% Equities ex. prefer
Slide 5: 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