Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETF Accumulating GBP (Hedged) Shares Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETF Accumulating GBP (Hedged) Shares Management Company: FIL Investment Management (Luxembourg) Central Bank of Ireland (CBI) is responsible for supervising FIL S.A., Ireland Branch Investment Management (Luxembourg) S.A., Ireland Branch in ISIN: IE000I6Q83Z7 relation to this key information document. www.fidelity.luThis PRIIP is authorised in Ireland. Call +352 250 4041 for further information.FIL Investment Management (Luxembourg) S.A., Ireland Branch is FIL Investment Management (Luxembourg) S.A., Ireland Branch is a the Irish branch of FIL Investment Management (Luxembourg) S.A., member of the Fidelity group of companies which is authorised in Luxembourg and regulated by Commissionde Surveillance du Secteur Financier (CSSF).Publication date: 18/02/2025 What is this product? Type with the Paris Agreement’s climate targets on greenhouse gas Shares of a sub-fund of Fidelity UCITS II ICAV, an Undertaking for emission reduction. As a result of complying with these targets and Collective Investment in Transferable Securities (UCITS). the minimum technical requirements for EU Paris-alignedbenchmarks, the Benchmark will be labelled as an EU Paris SFDR product category: Article 9 (has sustainable investment Aligned Benchmark. objectives) - ESG Target. In addition, the Benchmark excludes issuers based on theirinvolvement in activities with significant externalities (tobacco, fossil Term fuels, controversial weapons etc.), breaches of international norms This fund is open-ended. The Management Company is not and with a significant negative impact on certain sustainable entitled to terminate the fund unilaterally, however, the board of development goals. directors of Fidelity UCITS II ICAV may terminate the fund by way The governance practices of issuers are assessed as part of the of liquidation or merger. Benchmark construction process with the exclusion of companieswith verified failure to respect established norms. Objectives Further details regarding the Benchmark are available on theindex provider’s website at www.solactive.com/indices. Objective: The fund aims to align with the Paris Agreement Base Currency: EUR. long-term global warming objectives by restricting the carbon Additional Information: You may sell (redeem) or switch some or emission exposure of its portfolio and to achieve income and all of your shares to another fund on any Valuation Day. capital growth.As this is a non-distributing share class, dividends are reinvested. Investment Policy: The fund invests in a portfolio primarily made This key information document describes a sub-fund of Fidelity up of EUR denominated high-yielding, sub-investment grade UCITS II ICAV. A separate pool of assets is invested and corporate debt securities of issuers globally. maintained for each sub-fund of Fidelity UCITS II ICAV. The assets The fund is aligned with the Paris Agreement’s climate targets on and liabilities of the fund are segregated from those of other greenhouse gas emission reduction. sub-funds and there is no cross-liability among the sub-funds. The fund may use derivatives for efficient portfolio managementFor more information, please consult the prospectus and latest and currency hedging purposes. reports and accounts which can be obtained free of charge in Investment Process: The fund is actively managed and referencesEnglish and other main languages from FIL Investment the Solactive Euro Corporate HY PAB Index (the “Benchmark”) as Management (Luxembourg) S.A., Ireland Branch. These documents part of its investment process. The reduction of carbon emission and details of the Remuneration Policy are available via objective of the fund will be at least aligned with the Benchmark. www.fidelityinternational.com. The Net Asset Value of the fund is The fund assesses the ESG characteristics of more than 90% of its available at the registered office of Fidelity UCITS II ICAV and at assets. The fund uses a combination of quantitative, fundamental www.fidelityinternational.com. Information regarding portfolio and sustainability research to select securities which are: (a)holdings and the indicative net asset value is at available at weighted with a view to maximising portfolio return relative to thewww.fidelityinternational.com. Benchmark; (b) at least aligned with the carbon emission Depositary: Brown Brothers Harriman Trustee Services (Ireland) performance of the Benchmark; and (c) sustainable investments. Limited. For more information, see “Sustainable Investing and ESG Integration” and the Sustainability Annex sections of the Intended retail investor Prospectus. Benchmark: Solactive Euro Corporate HY PAB Index, an index thatThis product may appeal to investors with a basic knowledge of takes into account ESG characteristics. Used for: alignment of and no or limited experience of investing in funds, who plan to reduction of carbon emission objective of the fund.hold their investment for a recommended holding period of at The Benchmark tracks the performance of high-yield,least 3 years, who seek capital growth over the recommended sub-investment grade EUR denominated corporate debt securities holding period and income; and who understand the risk of losing publicly issued globally while at the same time aiming to alignsome or all the capital invested. 1/3 Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETF Accumulating GBP (Hedged) Shares What are the risks and what could I get in return? Risk Indicator1 23 456 7Lower riskHigher risk The risk indicator assumes you keep the product for 3 years. The actual risk can vary significantly if you cash in at the early stage and you may get back less.The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 3 out of 7, which is a medium-low risk class. This rates the potential losses from future performance at a medium-low level, and poor market conditions are unlikely to impact the capacity to pay you. Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. Additional risks: liquidity. This product does not include any protection from future market performance so you could lose some or all of your investment. If FIL Investment Management (Luxembourg) S.A., Ireland Branch is not able to pay you what is owed, you could lose your entire investment. Performance scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product or a suitable benchmark over the last 10 years. Markets could develop very differently in the future. Recommended holding period: 3 years Example investment : GBP 10,000 If you exit after 1 year If you exit after 3 years Scenarios Minimum There is no minimum guaranteed return. You could lose some or all of your investment. Stress What you might get back after costs 6,320 GBP 7,520 GBP Average return each year -36.8% -9.1% UnfavourableWhat you might get back after costs 8,660 GBP 9,120 GBP Average return each year -13.4% -3.0% ModerateWhat you might get back after costs 10,420 GBP 11,230 GBP Average return each year 4.2% 3.9% Favourable What you might get back after costs 13,150 GBP 14,220 GBP Average return each year 31.5% 12.5% The stress scenario shows what you might get back in extreme market circumstances. The unfavourable scenario occurred for an investment between 07/2019 and 07/2022. The moderate scenario occurred for an investment between 03/2018 and 03/2021. The favourable scenario occurred for an investment between 07/2015 and 07/2018. What happens if FIL Investment Management (Luxembourg) S.A., Ireland Branch is unable to pay out? The assets and liabilities of this product are segregated from those of FIL Investment Management (Luxembourg) S.A., Ireland Branch There is no cross- liability between these entities, and the product would not be liable if FIL Investment Management (Luxembourg) S.A., Ireland Branch or any delegated service provider were to fail or default. Shares of this product are traded on a stock market and settlement of such transactions are not affected by the position of FIL Investment Management (Luxembourg) S.A., Ireland Branch. This product does not participate in an investor compensation scheme. 2/3 Fidelity EUR HY Corp Bond Research Enhanced PAB UCITS ETF Accumulating GBP (Hedged) Shares What are the costs? The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and show you the impact that all costs will have on your investment over time. Costs over Time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: • In the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. • GBP 10,000 is invested. If you exit after 1 year If you exit after 3 years Total costs 35 GBP 114 GBP Annual cost impact (*)0.4% 0.4% each year (*)This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 4.3% before costs and 3.9% after costs. Composition of Costs One-off costs upon entry or exit If you exit after 1 year Entry costsWe do not charge an entry fee. 0 GBP Exit costs We do not charge an exit fee for this product. 0 GBP Ongoing costs taken each year Management fees and other 0.35% of the value of your investment per year. This is an estimate based 35 GBP administrative or operating costs on actual costs over the last year.0.00% of the value of your investment per year. This is an estimate of thecosts incurred when we buy and sell the underlying investments for the Transaction costs 0 GBPproduct. The actual amount will vary depending on how much we buyand sell. Incidental costs taken under specific conditions Performance fees There is no performance fee for this product. 0 GBP *Authorised participants dealing directly with the fund may pay an entry charge up to 5% and an exit charge up to 3%. Although not charged directly to investors who are not authorised participants, these charges may have an impact on brokerage fees, transaction fees and/or the "bid-ask" spread. How long should I hold it and can I take money out early? Recommended holding period: 3 years The recommended holding period is based on our assessment of the risk and reward characteristics and costs of the product. Order Processing: The shares are listed and traded on various stock exchanges. Investors who are not authorised participants can generally only buy or sell the shares on those stock exchanges at the then prevailing market price. In normal circumstances, authorised participants may buy and sell shares directly with the Fund, by submitting orders by 3:30 PM CET (2:30 PM Irish time) on the Business Day that is prior to the relevant Dealing Day. Such orders are ordinarily processed at the NAV for that Dealing Day. How can I complain? If you wish to make a complaint about this product or the conduct of FIL Investment Management (Luxembourg) S.A., Ireland Branch please visit www.fidelityinternational.com. Alternatively, write to FIL Investment Management (Luxembourg) S.A., Ireland Branch, George’s Quay House, 43 Townsend Street, Dublin 2, Ireland or fidelity.ce.crm@fil.com. If you have a complaint about the person who advised you about this product, or who sold it to you please contact them for their complaints process. Other relevant information You may find the prospectus, statutes, key investor documents, notices to investors, financial reports, and further information documents relating to the product including various published policies of the product on our website www.fidelityinternational.com. You may also request a copy of such documents at the registered office of 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) Further information in respect of the past performance of the product including previous performance scenario calculations which are published monthly may be found at https://www.priipsdocuments.com/Fidelity/?isin=IE000I6Q83Z7&lang=en&kid=yes. There is insufficient performance data available to provide a chart of annual past performance. 3/3