Fidelity ESG USD EM Bond UCITS ETFKey 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 ESG USD EM Bond UCITS ETF a sub-fund of Fidelity UCITS II ICAV Fidelity ESG USD EM Bond UCITS ETF Inc (ISIN:IE00BM9GRP64) This fund is managed by FIL Investment Management (Luxembourg) S.A., Ireland Branch Objectives and Investment Policy Risk and Reward Profile Objective: The fund aims to achieve income and capital growth.Lower Risk Higher Risk Investment Policy: The fund invests in a portfolio primarily made up of debt securities denominated in USD issued by governments and government agencies of emerging market countries. Typically lower rewards Typically higher rewards The fund promotes environmental and social characteristics by aiming to achieve an ESG score of its portfolio greater than the ESG score of the Benchmark. 12 3 4 5 6 7 The fund may use derivatives for efficient portfolio management and currency hedging purposes.Historical data may not be a reliable indication for the future. Investment Process: The fund is actively managed and The risk category shown is not guaranteed and may change over references the Benchmark (as defined below) as part of itstime. investment process. The lowest category does not mean a "risk free" investment. The fund uses fundamental research and quantitative techniquesThe risk and reward profile is classified by the level of historical as well as its own ESG assessment to select securities which are fluctuation of the Net Asset Values of the share class, and within weighted with a view to delivering positive returns relative to the this classification, categories 1-2 indicate a low level of historical Benchmark and improving the portfolio’s overall ESG score.fluctuations, 3-5 a medium level and 6-7 a high level. On an ongoing basis, the fund will consider a wide range of The value of your investment may fall as well as rise and you environmental and social characteristics such as carbon intensity,may get back less than you originally invested. carbon emissions, energy efficiency, water and waste The fund may invest in instruments denominated in currencies management, biodiversity, product safety, supply chain, healthother than the fund base currency. Changes in currency exchange and safety and human rights. rates can therefore affect the value of your investment. For more information, see “Sustainable Investing and ESG This fund is categorised in risk class 5 because, in accordance Integration” and the Sustainability Annex sections of the with the investment policy, the value of the investments may Prospectus. fluctuate somewhat sharply. Consequently, both the expected Base Currency: USDreturn and the potential risk of loss may be above average. Benchmark: JP Morgan ESG EMBI Global Diversified Index (the ‘‘Benchmark’’) Used for: investment selection, risk monitoring, performance and carbon footprint comparison. The Benchmark tracks emerging market fixed and floating-rate debt instruments that are denominated in US Dollars and issued by sovereign and quasi-sovereign entities. The Benchmark applies ESG screens as part of its methodology. The fund holds a portfolio of securities which is systematically selected and managed with the aim of outperforming the Benchmark; however, the Investment Manager will only invest in securities which are part of the Benchmark and will consider the Benchmark, when selecting investments for the fund and for the purposes of monitoring risk. While the fund invests in securities included in the Benchmark in different proportions to the Benchmark, the Benchmark constituents are generally representative of the fund’s portfolio. This means that both the fund’s portfolio and performance is unlikely to vary significantly from those of the Benchmark, however the fund aims to outperform the Benchmark over the long term. Distribution: Income earned by the fund is reinvested in additional shares or paid to shareholders on request. Fidelity ESG USD EM Bond UCITS ETFCharges for this 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 Entry charge 0.00% before it is invested or before the proceeds of your investment are paid out. Exit charge 0.00% The ongoing charges figure is based on expenses for the year ending 31/01/2024. This figure may vary from year to year. It The entry and exit charges shown are maximum figures. In some cases excludes: you might pay less - you can find this out from your financial adviser / • performance fees (where applicable); distributor. • portfolio transaction costs, except in the case Charges taken from the fund over a yearof an entry/exit charge paid by the fundwhen buying or selling units in another Ongoing charges 0.45%collective investment undertaking. Charges taken from the fund under certain specific conditions For more information about charges, including the possibility that swing pricing may apply, please consult the most recent Performance fee N/A Prospectus. *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. 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 and the class were launched on 25 March 2021. Past performance has been calculated in USD. 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.A., Ireland Branch. These documents and 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., 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.A., 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. 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 18/02/2025.