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Fidelity U.S. Dividend for Rising Rates Currency Neutral ETF Fund Series B

U.S. Div & Inc Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-19-2024)
$13.03
Change
-$0.03 (-0.22%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Fidelity U.S. Dividend for Rising Rates Currency Neutral ETF Fund Series B

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Fund Returns

Inception Return (September 18, 2018): 7.19%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 3.63% 8.41% 19.04% 8.41% 19.92% 4.71% 6.84% 16.74% 8.79% - - - - -
Benchmark 3.07% 13.26% 23.76% 13.26% 30.04% 14.00% 14.30% 19.94% 15.37% 15.05% 14.39% 15.08% 13.81% 15.28%
Category Average - - - - - - - - - - - - - -
Category Rank 120 / 227 180 / 227 82 / 227 180 / 227 76 / 219 192 / 216 189 / 212 65 / 210 134 / 195 - - - - -
Quartile Ranking 3 4 2 4 2 4 4 2 3 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.30% -2.42% 6.45% 2.80% -1.85% -5.09% -2.92% 7.98% 4.75% 1.39% 3.18% 3.63%
Benchmark 1.90% 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07%

Best Monthly Return Since Inception

11.51% (November 2020)

Worst Monthly Return Since Inception

-17.31% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 23.47% 2.24% 25.37% -13.02% 12.85%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - 1 3 2 4 1
Category Rank - - - - - 26/ 195 124/ 210 60/ 212 202/ 215 37/ 216

Best Calendar Return (Last 10 years)

25.37% (2021)

Worst Calendar Return (Last 10 years)

-13.02% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 95.93
International Equity 3.67
Cash and Equivalents 0.35
Other 0.05

Sector Allocation

Sector Allocation
Name Percent
Technology 27.63
Healthcare 13.41
Financial Services 12.14
Consumer Services 8.36
Consumer Goods 7.92
Other 30.54

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.28
Europe 3.67
Other 0.05

Top Holdings

Top Holdings
Name Percent
Apple Inc -
Microsoft Corp -
NVIDIA Corp -
JPMorgan Chase & Co -
Eli Lilly and Co -
UnitedHealth Group Inc -
Home Depot Inc -
Broadcom Inc -
Exxon Mobil Corp -
Procter & Gamble Co -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity U.S. Dividend for Rising Rates Currency Neutral ETF Fund Series B

Median

Other - U.S. Div & Inc Equity

3 Yr Annualized

Standard Deviation 16.34% 18.64% -
Beta 0.99% 1.16% -
Alpha -0.06% -0.08% -
Rsquared 0.77% 0.81% -
Sharpe 0.33% 0.44% -
Sortino 0.45% 0.54% -
Treynor 0.05% 0.07% -
Tax Efficiency 94.16% - -
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 -

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.84% 16.34% 18.64% -
Beta 1.08% 0.99% 1.16% -
Alpha -0.10% -0.06% -0.08% -
Rsquared 0.68% 0.77% 0.81% -
Sharpe 1.04% 0.33% 0.44% -
Sortino 2.28% 0.45% 0.54% -
Treynor 0.13% 0.05% 0.07% -
Tax Efficiency 97.52% 94.16% - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date September 18, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
FID4102

Investment Objectives

The Fund seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in securities of that underlying fund. The underlying fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. Dividend for Rising Rates Currency Neutral Index.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Normally invests assets in the securities of a third-tier fund also managed by Fidelity, Fidelity U.S. Dividend for Rising Rates Index ETF, which in turn invests its assets in the securities that make up the Fidelity Canada U.S. Dividend for Rising Rates Index (the Index)

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 08-05-2021
Geode Capital Management, LLC 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar Fidelity Investments Canada ULC
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.70%
Management Fee 1.38%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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