FIDELITY GLOBAL CORP BOND RESEARCH ENHANCED PAB 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 GLOBAL CORP BOND RESEARCH ENHANCED PAB UCITS ETF a sub-fund of FIDELITY ICAV II FIDELITY GLOBAL CORP BOND RESEARCH ENHANCED PAB UCITS ETF GBP HEDGED ACC (ISIN: IE00BM9GRN41 ) 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 align with the Paris Agreement long- term global warming objectives by restricting the carbon emissionLower risk Higher risk exposure of its portfolio and to achieve income and capital growth. Investment Policy: The fund invests in a portfolio primarily made up Typically lower reward Typically higher reward of investment grade corporate debt securities of issuers globally. The fund is aligned with the Paris Agreement’s climate targets on greenhouse gas emission reduction. The fund may use derivatives for efficient portfolio management and currency hedging purposes. 1 2 3 4 56 7 Investment Process: The fund is actively managed and references Historical data may not be a reliable indication for the future. The the Solactive Paris Aligned Global Corporate USD Index (the risk category shown is not guaranteed and may change over time. “Benchmark”) as part of its investment process. The reduction of carbon emission objective of the fund will be at least aligned with The lowest category does not mean a "risk free" investment. The the Benchmark. The fund assesses the ESG characteristics of more risk and reward profile is classified by the level of historical than 90% of its assets. The fund uses a combination of quantitative, fluctuation of the Net Asset Values of the share class, and within fundamental and sustainability research to select securities whichthis classification, categories 1-2 indicate a low level of historical are: (a) weighted with a view to maximising portfolio return relative fluctuations, 3-5 a medium level and 6-7 a high level. to the Benchmark; (b) at least aligned with the carbon emission The value of your investment may fall as well as rise and you may performance of the Benchmark; and (c) sustainable investments. Forget back less than you originally invested. more information, see “Sustainable Investing Policy and ESG The fund may invest in instruments denominated in currencies other Integration” and the Sustainability Annex sections of the Prospectus. than the fund base currency. Changes in currency exchange rates Base Currency USD can therefore affect the value of your investment. Distribution: As this is a non-distributing share class, dividends areThis fund is categorised in risk class 4 because, in accordance with re-invested. the investment policy, the value of the investments may fluctuate Benchmark: Solactive Paris Aligned Global Corporate USD Index,moderately. Consequently, both the expected return and the an index that takes into account ESG characteristics. Used for: potential risk of loss may be average. alignment of reduction of carbon emission objective of the fund. The Additional risks: none. Benchmark tracks the performance of investment grade corporateRecommended Holding Period: This product may appeal to debt securities publicly issued globally while at the same time investors who plan to hold their investment for a recommended aiming to align with the Paris Agreement’s climate targets on holding period of at least 3 years. greenhouse gas emission reduction. As a result of complying with these targets and the minimum technical requirements for EU Paris- aligned benchmarks, the Benchmark will be labelled as an EU Paris Aligned Benchmark. In addition, the Benchmark excludes issuers based on their involvement in activities with significant externalities (tobacco, fossil fuels, controversial weapons etc.), breaches of international norms and with a significant negative impact on certain sustainable development goals. The governance practices of issuers are assessed as part of the Benchmark construction process with the exclusion of companies with verified failure to respect established norms. Further details regarding the Benchmark are available on the index provider’s website at www.solactive.com/indices. FIDELITY GLOBAL CORP BOND RESEARCH ENHANCED PAB 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 investThis is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. Entry Charge 0.00% The ongoing charges figure is based on expenses for the year ending Exit Charge 0.00% 31/01/2025. 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. Inexcept 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 year pricing may apply, please consult the most recent Prospectus. *Authorised participants dealing directly with the fund may pay an entry Ongoing Charge 0.30% charge up to 5% and an exit charge up to 3%. Although not charged directly 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 Performance Past performance is not a guide to future performance results. If any, the past performance shown takes into account the ongoing charges with exception of any applicable entry/exit charges. The fund was launched on March 23, 2021. This share class was launched on March 23, 2021. The currency of the Fund is USD, while the currency of the Class is GBP. The return may increase or decrease as a result of currency fluctuations. ¹Performance prior to 2022 was achieved under circumstances that no longer apply ¹Performance prior to 2022 was achieved under circumstances that no longer apply Practical Information Depositary: Brown Brothers Harriman Trustee Services (Ireland) Limited. This key information document describes a sub-fund of Fidelity UCITS II ICAV (the “Fund”). The prospectus and periodic reports are prepared for the entire Fund. For more information, please consult the prospectus and latest reports and accounts which may be obtained free of charge in English from FIL Investment Management (Luxembourg) S.à.r.l.., Ireland Branch. These documents and details of the remuneration policy are available via www.fidelityinternational.com. FIL Investment Management (Luxembourg) S.à.r.l.., Ireland Branch may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus of the fund. The Net Asset Value of the fund is available at the registered office of FIL Investment Management (Luxembourg) S.à.r.l.., Ireland Branch, and at www.fidelityinternational.com. The assets and liabilities of the fund are segregated by law from those of other sub-funds and there is no cross-liability among the sub-funds. You may have the right to switch from this share class into the same or possibly other share class types of another sub-fund of the Fund. Details on switching rules may be found in the Prospectus. The tax legislation in Ireland may have an impact on your personal tax position. For further details you should consult a tax advisor. The fund is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. This fund is authorised in Ireland and regulated by Central Bank of Ireland (CBI). FIL Investment Management (Luxembourg) S.A., Ireland Branch (to be redesignated as FIL Investment Management (Luxembourg) S.a.r.l, Ireland Branch on or around March 2025) is the Irish branch of FIL Investment Management (Luxembourg) S.A., which is authorised in Luxembourg and regulated by Commission de Surveillance du Secteur Financier (CSSF). This key investor information is accurate as at 30-04-2026