Fidelity ESG USD EM Bond UCITS ETF Income 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 ESG USD EM Bond UCITS ETF Income 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: IE00BM9GRP64(WKN: A2QKWQ)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 by sovereign and quasi-sovereign entities. The Benchmark applies Shares of a sub-fund of Fidelity UCITS II ICAV, an Undertaking for ESG screens as part of its methodology. The fund holds a portfolio Collective Investment in Transferable Securities (UCITS). of securities which is systematically selected and managed withthe aim of outperforming the Benchmark; however, the Investment SFDR product category: Article 8 (promotes environmental and/orManager will only invest in securities which are part of the social characteristics) - ESG Target. Benchmark and will consider the Benchmark, when selectinginvestments for the fund and for the purposes of monitoring risk. Term While the fund invests in securities included in the Benchmark in This fund is open-ended. The Management Company is not different proportions to the Benchmark, the Benchmark constituents entitled to terminate the fund unilaterally, however, the board of are generally representative of the fund’s portfolio. This means directors of Fidelity UCITS II ICAV may terminate the fund by way that both the fund’s portfolio and performance is unlikely to vary of liquidation or merger. significantly from those of the Benchmark, however the fund aimsto outperform the Benchmark over the long term. Objectives Base Currency: USDAdditional Information: You may sell (redeem) or switch some or Objective: The fund aims to achieve income and capital growth. all of your shares to another fund on any Valuation Day. Investment Policy: The fund invests in a portfolio primarily made Income earned by the fund is reinvested in additional shares or up of debt securities denominated in USD issued by governments paid to shareholders on request. This key information document and government agencies of emerging market countries. describes a sub-fund of Fidelity UCITS II ICAV. A separate pool of The fund promotes environmental and social characteristics by assets is invested and maintained for each sub-fund of Fidelity aiming to achieve an ESG score of its portfolio greater than the UCITS II ICAV. The assets and liabilities of the fund are ESG score of the Benchmark.segregated from those of other sub-funds and there is no The fund may use derivatives for efficient portfolio managementcross-liability among the sub-funds. and currency hedging purposes. For more information, please consult the prospectus and latest Investment Process: The fund is actively managed and referencesreports and accounts which can be obtained free of charge in the Benchmark (as defined below) as part of its investment English and other main languages from FIL Investment process. Management (Luxembourg) S.A., Ireland Branch. These documents The fund uses fundamental research and quantitative techniques and details of the Remuneration Policy are available via as well as its own ESG assessment to select securities which are www.fidelityinternational.com. The Net Asset Value of the fund is weighted with a view to delivering positive returns relative to theavailable at the registered office of Fidelity UCITS II ICAV and at Benchmark and improving the portfolio’s overall ESG score. www.fidelityinternational.com. Information regarding portfolio On an ongoing basis, the fund will consider a wide range ofholdings and the indicative net asset value is at available at environmental and social characteristics such as carbon intensity, www.fidelityinternational.com. carbon emissions, energy efficiency, water and waste Depositary: Brown Brothers Harriman Trustee Services (Ireland) management, biodiversity, product safety, supply chain, health and Limited. safety and human rights. For more information, see “Sustainable Investing and ESG Intended retail investor Integration” and the Sustainability Annex sections of the Prospectus.This product may appeal to investors with a basic knowledge of Benchmark: JP Morgan ESG EMBI Global Diversified Index (theand no or limited experience of investing in funds, who plan to ‘‘Benchmark’’) Used for: investment selection, risk monitoring,hold their investment for a recommended holding period of at performance and carbon footprint comparison. least 3 years, who seek capital growth over the recommended The Benchmark tracks emerging market fixed and floating-rate holding period and income; and who understand the risk of losing debt instruments that are denominated in US Dollars and issued some or all the capital invested. 1/3 Fidelity ESG USD EM Bond UCITS ETF Income Shares What are the risks and what could I get in return? Risk Indicator 1 23 45 6 7 Lower risk Higher 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. You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back. 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 : USD 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 6,500 USD 7,040 USD Average return each year -35.0% -11.0% UnfavourableWhat you might get back after costs 7,620 USD 8,050 USD Average return each year -23.8% -7.0% ModerateWhat you might get back after costs 10,470 USD 11,310 USD Average return each year 4.7% 4.2% Favourable What you might get back after costs 11,590 USD 12,380 USD Average return each year15.9% 7.4% The stress scenario shows what you might get back in extreme market circumstances. The unfavourable scenario occurred for an investment between 10/2019 and 10/2022. The moderate scenario occurred for an investment between 10/2017 and 10/2020. The favourable scenario occurred for an investment between 01/2017 and 01/2020. 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 ESG USD EM Bond UCITS ETF Income 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. • USD 10,000 is invested. If you exit after 1 year If you exit after 3 years Total costs 49 USD 161 USD Annual cost impact (*)0.5% 0.5% 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 4.7% before costs and 4.2% 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 USD Exit costs We do not charge an exit fee for this product. 0 USD Ongoing costs taken each year Management fees and other 0.45% of the value of your investment per year. This is an estimate based 45 USD administrative or operating costs on actual costs over the last year.0.04% 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 4 USDproduct. 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 USD *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 5:00 PM CET (4:00 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. 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=IE00BM9GRP64&lang=en&kid=yes. Performance informationofthe product forthe past 3yearsisavailable at https://www.priipsdocuments.com/Fidelity/?isin=IE00BM9GRP64&lang=en&kid=yes. 3/3