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Cdn Short Term Fixed Inc
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|
NAVPS (11-19-2024) |
$9.98 |
|---|---|
| Change |
-$0.03
(-0.32%)
|
As at October 31, 2024
As at September 30, 2024
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Inception Return (September 25, 2019): 1.86%
| 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 | -0.38% | 1.65% | 4.92% | 5.65% | 9.54% | 6.32% | 2.15% | 1.33% | 1.92% | - | - | - | - | - |
| Benchmark | -0.30% | 1.59% | 4.68% | 4.73% | 8.05% | 5.17% | 1.98% | 1.23% | 1.90% | 2.33% | 2.02% | 1.77% | 1.79% | 1.87% |
| Category Average | -0.28% | 1.36% | 4.16% | 4.34% | 7.89% | 5.02% | 1.58% | 1.13% | 1.59% | 1.92% | 1.61% | 1.41% | 1.41% | 1.34% |
| Category Rank | 290 / 327 | 97 / 321 | 74 / 312 | 51 / 280 | 49 / 278 | 52 / 261 | 113 / 248 | 121 / 234 | 115 / 229 | - | - | - | - | - |
| Quartile Ranking | 4 | 2 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.18% | 1.47% | 0.01% | 0.41% | 0.49% | -0.21% | 0.74% | 0.58% | 1.86% | 0.17% | 1.87% | -0.38% |
| Benchmark | 1.67% | 1.48% | -0.13% | 0.05% | 0.53% | -0.40% | 0.86% | 0.79% | 1.36% | 0.63% | 1.26% | -0.30% |
6.64% (April 2020)
-7.29% (March 2020)
| 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/ 229 | 180/ 235 | 209/ 249 | 56/ 261 |
6.06% (2023)
-5.16% (2022)
| 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 |
| Name | Percent |
|---|---|
| Fixed Income | 92.43 |
| Cash and Cash Equivalent | 7.57 |
| Name | Percent |
|---|---|
| North America | 99.89 |
| Europe | 0.11 |
| 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 | - |
Fidelity Canadian Short Term Corporate Bond ETF Fund Series B
Median
Other - Cdn Short Term Fixed Inc
| Standard Deviation | 3.26% | 5.23% | - |
|---|---|---|---|
| Beta | 1.11% | 1.32% | - |
| Alpha | 0.00% | 0.00% | - |
| Rsquared | 0.94% | 0.38% | - |
| Sharpe | -0.39% | -0.04% | - |
| Sortino | -0.35% | -0.25% | - |
| Treynor | -0.01% | 0.00% | - |
| Tax Efficiency | 58.40% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.02% | 3.26% | 5.23% | - |
| Beta | 1.13% | 1.11% | 1.32% | - |
| Alpha | 0.00% | 0.00% | 0.00% | - |
| Rsquared | 0.87% | 0.94% | 0.38% | - |
| Sharpe | 1.51% | -0.39% | -0.04% | - |
| Sortino | 7.52% | -0.35% | -0.25% | - |
| Treynor | 0.04% | -0.01% | 0.00% | - |
| Tax Efficiency | 86.74% | 58.40% | - | - |
| 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) | $46 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID6771 |
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.
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.
| Name | Start Date |
|---|---|
| Sri Tella | 02-20-2020 |
| Catriona Martin | 02-20-2020 |
| Geode Capital Management, LLC | 02-06-2023 |
| 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 |
| 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 |
| 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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