Fidelity Global Investment Grade Bond ETF Series L Trust — Fidelity Investments Canada ULC — Fidelity Focus 2023 Calgary

4 slides from Fidelity Global Investment Grade Bond ETF Series L Trust's conference presentation, September 2023

Slide 1: Global asset allocation outlook
Global asset allocation outlook David Tulk Portfolio Manager Ilan Kolet Institutional Portfolio Manager September 2023 1 © 2023 FIDELITY INVESTMENTS CANADA ULC FOR ADVISOR USE ONLY 1316415-v202352
Slide 2: Active fund positioning
Active fund positioning EM LC debt 1.5% EM debt 1.0% Convertibles 1.6% Global Balanced FMP positioning as at July 31, 2023 Floating rate 0.5% Global high yield 1.0% July 31, 2022 positioning U.S. high yield 0.5% Canadian Global Credit/ Emerging Commodity Inflation Short Canada U.S. International mar
Slide 3: 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 4: 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