Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETFKey Investor Information Thisdocumentprovidesyou withkey investorinformation aboutthisfund.It is not marketingmaterial.The information is requiredby law to help you understandthe natureand the risksof investingin this fund.You are advised to read it so you can make an informeddecision about whether to invest. Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETF a sub-fund of Fidelity UCITS II ICAV Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETF GBP Hedged Acc (ISIN:IE000I6Q83Z7) This fund is managed by FIL Investment Management (Luxembourg) S.A., Ireland Branch Objectives and Investment PolicyRisk and Reward Profile Objective: The fund aimsto align with the Paris Agreement Lower RiskHigher Risk long-termglobal warmingobjectivesby restrictingthe carbon emissionexposureof its portfolioand to achieve incomeand capital growth. Typically lower rewardsTypically higher rewards Investment Policy:The fundinvestsin a portfolioprimarilymade up of EUR denominatedhigh-yielding,sub-investment grade corporate debt securities of issuers globally. 1 23456 7 The fundis alignedwiththe Paris Agreement’s climate targets on greenhouse gas emission reduction. Historical data may not be a reliable indication for the future. The fundmay use derivativesfor efficientportfoliomanagement The riskcategoryshownis not guaranteedand may change over and currency hedging purposes. time. Investment Process: The fund is actively managed and The lowest category does not mean a "risk free" investment. referencesthe Solactive Euro Corporate HY PAB Index (theThe risk and rewardprofileis classifiedby the level of historical “Benchmark”)as part of its investment process.The reductionof fluctuationof the Net AssetValuesof the shareclass, and within carbon emissionobjectiveof the fund will be at least alignedthisclassification, categories1-2 indicatea low level of historical withthe Benchmark. The fundassessesthe ESG characteristics of fluctuations, 3-5 a medium level and 6-7 a high level. more than 90% of its assets. The fund uses a combinationof The value of your investmentmay fall as well as rise and you quantitative, fundamental and sustainabilityresearchto select may get back less than you originally invested. securitieswhich are: (a) weightedwith a view to maximising The fund may invest in instruments denominatedin currencies portfolioreturnrelativeto the Benchmark;(b) at least alignedotherthanthe fundbase currency. Changes in currency exchange withthe carbonemissionperformance of the Benchmark; and (c) rates can therefore affect the value of your investment. sustainableinvestments. For moreinformation, see “Sustainable This fund is categorisedin risk class 4 because,in accordance InvestingPolicy and ESG Integration”and the Sustainability with the investment policy, the value of the investmentsmay Annex sections of the Prospectus. fluctuatemoderately. Consequently, boththe expected return and Base Currency: EUR. the potential risk of loss may be average. Benchmark: SolactiveEuro CorporateHY PAB Index,an index that takes into accountESG characteristics. Used for: alignment of reduction of carbon emission objective of the fund. The Benchmark tracks the performance of high-yield, sub-investment grade EUR denominated corporate debt securities publiclyissuedglobally while at the same time aimingto align with the Paris Agreement’sclimatetargetson greenhousegas emissionreduction.As a resultof complyingwith these targets and the minimum technical requirementsEUforParis-aligned benchmarks, the Benchmark will be labelled as an EU Paris Aligned Benchmark. In addition, the Benchmarkexcludes issuers based on their involvement in activities with significant externalities(tobacco, fossilfuels,controversialweaponsetc.), breachesof international norms and with a significant negative impact on certain sustainable development goals. The governancepracticesof issuersare assessedas part of the Benchmarkconstructionprocesswiththe exclusionof companies with verified failure to respect established norms. Furtherdetails regardingthe Benchmarkare available on the index provider’s website at www.solactive.com/indices. Distribution:As this is a non-distributing share class, dividends are reinvested. Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETFCharges for this fund The chargesyou pay are used to pay the costs of runningthe fund,includingthe costsof marketingand distributing it. Thesecharges reduce the potential growth of your investment. One-off charges taken before or after you invest This is the maximumthat mightbe taken out of your money Entry charge 0.00% beforeit is investedor beforethe proceedsof yourinvestment are paid out. Exit charge 0.00% The ongoingchargesfigureshownhere for thisnew class is an estimateof the charges.Thisfiguremay vary fromyear to year. The entry and exit charges shown are maximum figures. In some cases It excludes: you might pay less - you can find this out from your financial adviser / • performance fees (where applicable); distributor. • portfoliotransactioncosts,exceptin the case Charges taken from the fund over a year of an entry/exitcharge paid by the fund when buying or selling units in another Ongoing charges 0.35% collective investment undertaking. Charges taken from the fund under certain specific conditionsFor more informationabout charges,includingthe possibility that swing pricingmay apply, please consultthe most recent Performance fee N/AProspectus. *Authorisedparticipantsdealingdirectlywiththe fundmay pay an entrychargeup to 5%and an exit charge up to 3%. Although not charged directly to investorswho are not authorised participants,thesechargesmay have an impacton brokerage fees, transaction fees and / or the "bid-ask" spread. Past Performance Past performanceis not a guide to future performance results. If any, the past performanceshowntakes into account the ongoing charges with exception of any applicable entry/exit There is insufficient data to provide a useful indication of past performance to investors. charges. The fundand the class were launchedon 22 October 2024. The currencyof the Fundis EUR, whilethe currencyof the Class is GBP. The return may increase or decrease as a resultof currency fluctuations. Practical Information Depositary: Brown Brothers Harriman Trustee Services (Ireland) Limited. This key informationdocumentdescribesa sub-fundof FidelityUCITS II ICAV (the “Fund”). The prospectusand periodic reportsare prepared for the entire Fund. For moreinformation, please consultthe prospectusand latestreportsand accountswhichmay be obtainedfree of chargein English from FIL InvestmentManagement(Luxembourg) S.A., Ireland Branch.These documentsand details of the remuneration policy are available via www.fidelityinternational.com. The tax legislation in Ireland may have an impact on your personal tax position. For further details you should consult a tax advisor. FIL Investment Management(Luxembourg) S.A., IrelandBranchmay be held liable solelyon the basis of any statementcontainedin this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus of the fund. The Net Asset Value of the fundis available at the registeredofficeof FIL InvestmentManagement(Luxembourg)S.A., IrelandBranch, and at www.fidelityinternational.com. The assets and liabilitiesof the fund are segregatedby law fromthoseof othersub-fundsand thereis no cross-liabilityamongthe sub-funds. You may have the rightto switchfromthisshareclass intothe same or possiblyothershareclass typesof anothersub-fundof the Fund. Details on switching rules may be found in the Prospectus. This fund is authorised in Ireland and regulated by Central Bank of Ireland (CBI). FIL Investment Management(Luxembourg)S.A., IrelandBranch(to be redesignatedas FIL Investment Management(Luxembourg) S.a.r.l, IrelandBranchon or aroundMarch 2025) is the Irishbranchof FIL InvestmentManagement(Luxembourg) S.A., whichis authorisedin Luxembourg and regulated by Commission de Surveillance du Secteur Financier (CSSF). This key investor information is accurate as at 18/02/2025.