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 Scottsdale
8 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's conference presentation, October 2022
Slide 1: Identifying opportunities in volatile periods
Identifying opportunities in volatile periods Dan Dupont Portfolio Manager October 2022 1 © 2022 FIDELITY INVESTMENTS CANADA ULC 403455-v202256 FOR ADVISOR USE ONLY
Slide 2: Upside/downside capture ratio
Fidelity Canadian Large Cap Fund Upside/downside capture ratio Portfolio manager’s tenure, April 2011 to September 2022* 100% 3.0% 2.5% 2.3% 80% 70.9% 2.0% 60% Excess return Capture ratio 1.5% 40% 33.6% 1.0% 20% 0.5% 0% 0.0% Up market capture Down market capture Annualized excess return *Daniel Dupo
Slide 3: Identifying long vs. short opportunities
Identifying long vs. short opportunities Long opportunities Quality companies Sustainable businesses Don’t overpay for the stock Short opportunities Merger arbitrage Opportunistic shorts 3 © 2022 FIDELITY INVESTMENTS CANADA ULC 403455-v202256 FOR ADVISOR USE ONLY
Slide 4: Merger arbitrage
Merger arbitrage Merger arbitrage speculates on the successful completion of mergers and acquisitions. This is a type of event-driven investing, in that it attempts to capitalize on mispricing caused by corporate events. Offer price Gap can be exploited in merger arb Shares continue to trend toward
Slide 5: Dan Dupont's stand-alone mandates
Dan Dupont’s stand-alone mandates Liquid alternative vs. traditional mutual funds Global Value Long/Short Canadian Large Cap/Concentrated Value Regional focus Global (up to 100% foreign) Canadian focused (up to 49% foreign) Market cap focus All cap Large cap May use leverage through the use of cash
Slide 6: Fidelity Canadian Large Cap Fund performance
Fidelity Canadian Large Cap Fund Performance - Series F, net of fees (%) As at September 30, 2022 3-Month Year-to-date 1 Year 3 Year 5 Year 10 Year Fidelity Canadian Large Cap Fund 0.2 5.4 11.1 13.7 10.3 11.9 Benchmark* -0.6 -12.9 -5.3 8.0 8.6 10.3 Excess Return 0.8 18.2 16.4 5.7 1.7 1.5 * Benchmark
Slide 7: Fidelity Global Value Long/Short Fund performance
Fidelity Global Value Long/Short Fund Performance - Series F, net of fees (%) As at September 30, 2022 3-Month Year-to-date 1 Year Since Inception* Fidelity Global Value Long/Short Fund 2.8 47.1 59.4 27.5 MSCI World Index -0.1 -18.9 -12.8 2.3 Excess Return 2.9 66.0 72.2 25.2 * Inception Date: Octobe
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
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