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Fidelity Global Core Plus Bond ETF Fund Series B

Global Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$8.22
Change
-$0.03 (-0.33%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Global Core Plus Bond ETF Fund Series B

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Fund Returns

Inception Return (September 25, 2019): -0.55%

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 1.09% -0.15% 7.19% -0.15% 2.20% -1.07% -1.20% 1.09% - - - - - -
Benchmark 0.40% 0.42% 5.94% 0.42% 0.29% -0.21% -2.75% -4.26% -1.27% -0.48% 0.02% 0.16% 0.88% 1.90%
Category Average 0.75% 5.89% 5.89% -0.15% 2.55% -0.69% -1.73% -0.14% 0.16% 0.37% 0.58% 0.83% 0.83% 1.23%
Category Rank 57 / 541 321 / 538 49 / 513 321 / 538 299 / 490 277 / 417 114 / 337 49 / 280 - - - - - -
Quartile Ranking 1 3 1 3 3 3 2 1 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.37% -1.24% 0.55% -0.51% -1.00% -2.89% -1.10% 4.19% 4.17% -0.59% -0.64% 1.09%
Benchmark 0.77% -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40%

Best Monthly Return Since Inception

4.67% (January 2023)

Worst Monthly Return Since Inception

-8.65% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 3.11% 0.06% -11.92% 6.44%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - 4 1 3 2
Category Rank - - - - - - 249/ 269 44/ 328 246/ 395 119/ 475

Best Calendar Return (Last 10 years)

6.44% (2023)

Worst Calendar Return (Last 10 years)

-11.92% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 53.39
Foreign Corporate Bonds 34.12
Cash and Equivalents 10.82
Canadian Corporate Bonds 0.99
US Equity 0.45
Other 0.23

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.60
Cash and Cash Equivalent 10.82
Energy 0.19
Financial Services 0.18
Consumer Services 0.11
Other 0.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 85.49
Europe 7.96
Latin America 4.62
Asia 0.98
Multi-National 0.82
Other 0.13

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 3.50% 15-Feb-2033 -
United States Treasury 4.13% 15-Aug-2053 -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 3.75% 31-May-2030 -
United States Treasury 3.63% 15-Feb-2053 -
United States Treasury 2.38% 15-May-2051 -
United States Treasury 2.25% 15-Feb-2052 -
United States Treasury 2.88% 15-May-2052 -
USTN 4.50% 15-Nov-2033 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Global Core Plus Bond ETF Fund Series B

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 7.22% - -
Beta 0.65% - -
Alpha 0.01% - -
Rsquared 0.39% - -
Sharpe -0.49% - -
Sortino -0.76% - -
Treynor -0.06% - -
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 - -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.33% 7.22% - -
Beta 0.73% 0.65% - -
Alpha 0.02% 0.01% - -
Rsquared 0.37% 0.39% - -
Sharpe -0.32% -0.49% - -
Sortino -0.14% -0.76% - -
Treynor -0.03% -0.06% - -
Tax Efficiency 29.04% - - -

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) $63

Fund Codes

FundServ Code Load Code Sales Status
FID6597

Investment Objectives

The Fund aims to provide a steady flow of income with the potential for capital gains. 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 with the potential for capital gains by investing primarily in a mix of fixed income securities of issuers from around the world.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Global Core Plus Bond ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Invests, either directly or indirectly through investments in underlying funds, in a wide variety of fixed income securities, including global investment grade fixed income securities, high yield securities and floating rate debt instruments.

Portfolio Manager(s)

Name Start Date
Michael Plage 02-20-2020
Jeffrey Moore 02-20-2020
Fidelity Management & Research Company 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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.21%
Management Fee 1.00%
Load Front 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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