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Fidelity Canadian Short Term Corporate Bond ETF Fund Series B

Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(12-13-2024)
$10.05
Change
$0.02 (0.23%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Fidelity Canadian Short Term Corporate Bond ETF Fund Series B

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Fund Returns

Inception Return (September 25, 2019): 1.96%

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 0.64% 2.13% 4.81% 6.33% 7.89% 6.21% 2.31% 1.42% 2.07% - - - - -
Benchmark 0.48% 1.44% 4.29% 5.23% 6.79% 5.10% 2.06% 1.30% 1.98% 2.31% 2.07% 1.89% 1.84% 1.88%
Category Average 0.57% 1.44% 3.95% 4.94% 6.64% 4.84% 1.79% 1.14% 1.69% 1.97% 1.68% 1.54% 1.49% 1.37%
Category Rank 104 / 325 27 / 322 54 / 313 57 / 280 71 / 280 53 / 261 116 / 247 115 / 234 110 / 228 - - - - -
Quartile Ranking 2 1 1 1 2 1 2 2 2 - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 1.47% 0.01% 0.41% 0.49% -0.21% 0.74% 0.58% 1.86% 0.17% 1.87% -0.38% 0.64%
Benchmark 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48%

Best Monthly Return Since Inception

6.64% (April 2020)

Worst Monthly Return Since Inception

-7.29% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 4.89% -1.39% -5.16% 6.06%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking - - - - - - 2 4 4 1
Category Rank - - - - - - 113/ 228 179/ 234 208/ 248 56/ 261

Best Calendar Return (Last 10 years)

6.06% (2023)

Worst Calendar Return (Last 10 years)

-5.16% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 89.42
Cash and Equivalents 7.57
Canadian Government Bonds 1.32
Foreign Corporate Bonds 1.24
Mortgages 0.34
Other 0.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.43
Cash and Cash Equivalent 7.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.89
Europe 0.11

Top Holdings

Top Holdings
Name Percent
Bank of Montreal 4.31% 01-May-2027 -
Bruce Power LP 3.97% 23-Mar-2026 -
JPMorgan Chase & Co 1.90% 05-Mar-2027 -
CIBC 5.00% 07-Dec-2026 -
Allied Properties REIT 3.64% 21-Apr-2025 -
Bank of Nova Scotia 3.93% 03-May-2027 -
Royal Bank of Canada 2.33% 28-Jan-2027 -
Canadian Imperial Bank Commrce 1.96% 21-Apr-2026 -
H&R REIT 4.07% 16-Jun-2025 -
NBC 5.02% 01-Feb-2029 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Fidelity Canadian Short Term Corporate Bond ETF Fund Series B

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.27% 5.23% -
Beta 1.11% 1.32% -
Alpha 0.00% 0.00% -
Rsquared 0.94% 0.38% -
Sharpe -0.37% -0.02% -
Sortino -0.28% -0.21% -
Treynor -0.01% 0.00% -
Tax Efficiency 60.28% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.59% 3.27% 5.23% -
Beta 1.07% 1.11% 1.32% -
Alpha 0.01% 0.00% 0.00% -
Rsquared 0.84% 0.94% 0.38% -
Sharpe 1.21% -0.37% -0.02% -
Sortino 5.65% -0.28% -0.21% -
Treynor 0.03% -0.01% 0.00% -
Tax Efficiency 84.03% 60.28% - -

Fund Details

Start Date September 25, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
FID6771

Investment Objectives

The Fund aims to provide a steady flow of income. 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 aims to provide a steady flow of income by investing primarily in Canadian fixed income securities usually with an average term to maturity of five years or less.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Canadian Short Term Corporate Bond ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Invests primarily in investment grade fixed income securities. Allocates the underlying fund’s assets among issuers in different market sectors, industries and maturities based on its view of the relative value of each sector, industry, asset class or maturity.

Portfolio Manager(s)

Name Start Date
Sri Tella 02-20-2020
Catriona Martin 02-20-2020
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 Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.09%
Management Fee 0.90%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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