FIDELITY US FUNDAMENTAL LARGE CAP CORE UCITS ETF Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.FIDELITY US FUNDAMENTAL LARGE CAP CORE UCITS ETF a sub-fund of FIDELITY UCITS ICAV I FIDELITY US FUNDAMENTAL LARGE CAP CORE UCITS ETF ACC (ISIN: IE000IY9QFN9 ) This fund is managed by FIL Investment Management (Luxembourg) S.A.R.L.Objectives and investment policy Risk and reward profile Objective: The fund aims to achieve long-term capital growth.Lower risk Higher risk Investment Policy: The fund aims to achieve its investment objective by actively investing in a portfolio primarily made up of equity securities of companies with large market capitalisations domiciled, Typically lower reward Typically higher reward or exercising the predominant part of their economic activity, in the United States. Investment Process: The fund is actively managed and will hold a portfolio of equity securities which is systematically selected and 1 2 3 4 56 7 managed with the aim of outperforming the Benchmark (as defined Historical data may not be a reliable indication for the future. The below). While the Investment Manager expects to outperformrisk category shown is not guaranteed and may change over time. (inclusive of fees) the Benchmark, there is no guarantee this will occur. The Investment Manager may select and overweight the The lowest category does not mean a "risk free" investment. The higher conviction securities and underweight or not invest at all in risk and reward profile is classified by the level of historical securities which the Investment Manager considers mostfluctuation of the Net Asset Values of the share class, and within overvalued. The fund may also invest in securities which do not form this classification, categories 1-2 indicate a low level of historical part of the Benchmark. The Investment Manager will prioritise fluctuations, 3-5 a medium level and 6-7 a high level. investments in “growth” and/or “value” stocks. In seeking to select The value of your investment may fall as well as rise and you may high-conviction securities the fund will leverage on the expertise of get back less than you originally invested. the Investment Manager’s fundamental research analysis from its The fund may invest in instruments denominated in currencies other proprietary fundamental research platform. This research platform than the fund base currency. Changes in currency exchange rates provides comprehensive asset class coverage through issuer- can therefore affect the value of your investment. specific research, macroeconomic analysis, and quantitative This fund is categorised in risk class 6 because, in accordance with research. The Investment Manager begins with fundamental analyst the investment policy, the value of the investments may fluctuate research and generates security recommendations, utilisingconsiderably. Consequently, both the expected return and the reference portfolios based on detailed bottom-up analysis.potential risk of loss may be high. Following this, the Investment Manager employs a quantitative Additional risks: liquidity. portfolio construction process by using quantitative techniques to generate a portfolio that prioritises high-conviction securities whileRecommended Holding Period: This product may appeal to considering appropriate security and portfolio-level risk, liquidity, investors who plan to hold their investment for a recommended and trading characteristics. In light of the nature, activities and holding period of at least 5 years. strategy of the fund, the Manager, in consultation with the Investment Manager, does not expect that sustainability events or conditions are likely to have a material negative impact on the returns of the fund. Accordingly, Sustainability Risks are not currently integrated in the investment process for the fund. Base Currency USD Distribution: As this is a non-distributing share class, dividends are re-invested. Benchmark: S&P 500 ( Total Return Net Index) (the “Benchmark”). Used for: risk monitoring and comparison only. FIDELITY US FUNDAMENTAL LARGE CAP CORE UCITS ETF Charges for the fund The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest This is the maximum that might be taken out of your money before it isinvested or before the proceeds of your investment are paid out. Entry Charge0.00%The ongoing charges figure shown here for this new class is an estimate Exit Charge 0.00% of the charges. This figure may vary from year to year. It excludes: •performance fees (where applicable); • portfolio transaction costs, The entry and exit charges shown are maximum figures. In except in the case of an entry/exit charge paid by the fund when buying some cases you might pay less - you can find this out from or selling units in another collective investment undertaking. your financial adviser / distributor. For more information about charges, including the possibility that swing Charges taken from the fund over a yearpricing may apply, please consult the most recent Prospectus.*Authorised participants dealing directly with the fund may pay an entry Ongoing Charge 0.38% charge up to 5% and an exit charge up to 3%. Although not chargeddirectly to investors who are not authorised participants, these charges Charges taken from the fund under certain specific may have an impact on brokerage fees, transaction fees and / or the conditions "bid-ask" spread. Performance fee N/A Past PerformancePast performance is not a guide to future performanceresults.If any, the past performance shown takes into accountthe ongoing charges with exception of any applicableentry/exit charges.The fund was launched on Sept. 2, 2025. This shareclass was launched on Sept. 2, 2025.Past performance has been calculated in USD Practical Information This key investor information is accurate as at 30-04-2026