Fidelity US Quality Value 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 US Quality Value UCITS ETF a sub-fund of Fidelity UCITS ICAV Fidelity US Quality Value UCITS ETF Acc (ISIN:IE000MKIH0W7) 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 provide investors with a total return,Lower Risk Higher Risk taking into account both capital and income returns, which reflects, before fees and expenses, the return of the Fidelity US Quality Value Index (the ‘‘Index’’). Typically lower rewards Typically higher rewards Investment Policy: The investment policy of the fund is to track the performance of the Index as closely as possible, regardless of whether the Index level rises or falls, while seeking to minimise12 3 4 5 6 7 as far as possible the tracking error between the fund’s performance and that of the Index.Historical data may not be a reliable indication for the future. The fund will aim to replicate the Index by holding all of theThe risk category shown is not guaranteed and may change over Index securities in a similar proportion to their weighting in thetime. Index.The lowest category does not mean a "risk free" investment. The fund may use derivatives for efficient portfolio management The risk and reward profile is classified by the level of historical and currency hedging purposes.fluctuation of the Net Asset Values of the share class, and within Investment Process: The fund uses a benchmark ‘‘index tracking’’ this classification, categories 1-2 indicate a low level of historical (also known as ‘‘passive’’) investment management approach by fluctuations, 3-5 a medium level and 6-7 a high level. tracking the Index. The value of your investment may fall as well as rise and you The Index is designed to reflect the performance of stocks of may get back less than you originally invested. large and mid-capitalization US companies that have attractiveThe fund may invest in instruments denominated in currencies valuations and exhibit quality fundamental characteristics. The other than the fund base currency. Changes in currency exchange Index comprises the equity securities of the relevant companies. rates can therefore affect the value of your investment. The fund promotes environmental and/or social characteristics by This fund is categorised in risk class 6 because, in accordance virtue of tracking the performance of the Index. Through the with the investment policy, the value of the investments may construction process, the Index aims to achieve an ESG score of fluctuate considerably. Consequently, both the expected return its portfolio which is greater than that of the broad market and the potential risk of loss may be high. reference index. The Index constituents are also screened according to fundamental measures as well as certain ESG exclusionary criteria based on norm-based screening and negative screening of certain sectors, companies or practices. For more information on the Index, please refer to the publically available index methodology at www.spglobal.com/spdji/en/custom-index-calculations/fidelity- investments/all/#indices. Base Currency: USD Benchmark: Fidelity US Quality Value Index, an index that takes into account ESG characteristics. Used for: index tracking. Distribution: As this is a non-distributing share class, dividends are reinvested. Fidelity US Quality Value 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 shown here for this new class is an estimate of the charges. This figure may vary from year 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. • portfolio transaction costs, except in the case Charges taken from the fund over a year of an entry/exit charge paid by the fund when buying or selling units in another Ongoing charges 0.20% collective investment undertaking. Charges taken from the fund under certain specific conditionsFor more information about charges, including the possibility that swing pricing may apply, please consult the most recent Performance fee N/AProspectus. *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 There is insufficient data to provide a useful indication of past performance to investors. charges. The fund and the class were launched on 4 December 2024. 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 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.