An anonymous representative of Fidelity Investments Canada reports

FIDELITY INVESTMENTS CANADA ULC ANNOUNCES FUND TERMINATIONS

Fidelity Investments Canada ULC will terminate the funds listed in an attached table on Aug. 19, 2022.

As part of its normal course of business, Fidelity regularly reviews its product lineup with a goal of streamlining offerings for investors. The decision to terminate the funds was part of this process.

Fidelity is committed to providing a seamless transition for investors in the funds.

Prior to the termination date, Fidelity Systematic U.S. High Yield Bond ETF and Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF will declare, pay and automatically reinvest a final distribution to investors in these funds. The final regular monthly distribution will be declared and paid in July, 2022. Additionally, Fidelity Systematic U.S. High Yield Bond ETF Fund and Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF Fund will also pay and automatically reinvest a final distribution to investors in these funds.

Investors in the funds will be sent a notice of termination at least 60 days prior to the termination date. Fidelity Systematic U.S. High Yield Bond ETF and Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF are expected to be delisted from the Toronto Stock Exchange, at Fidelity's request, at the close of business on or about Aug. 19, 2022.

Investors will be able to switch into other Fidelity exchange-traded funds and/or mutual funds or redeem their securities prior to the termination date, subject to the procedures and requirements set out in the relevant prospectus(es).

Fidelity encourages investors in the funds to speak with their financial advisers about the terminations and to review their options.