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Fidelity Canadian Short Term Corporate Bond ETF Series L

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Cdn Short Term Fixed Inc

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025) 		$25.61
Change
-$0.03 (-0.13%)

As at May 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Nov 2019May 2020Nov 2020May 2021Nov 2021May 2022Nov 2022May 2023Nov 2023May 2024Nov 2024May 2025Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025May 2020May 2021May 2022May 2023May 2024$9,500$10,000$10,500$11,000$11,500$12,000Period

Legend

Fidelity Canadian Short Term Corporate Bond ETF Series L

Compare Options

Fund Returns

Inception Return (September 20, 2019): 3.09%

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 0.46% 0.65% 2.47% 1.96% 7.55% 6.99% 5.21% 2.68% 3.05% - - - - -
Benchmark 0.16% 0.49% 2.32% 1.86% 6.71% 5.64% 3.94% 1.91% 1.81% 2.15% 2.42% 2.02% 1.98% 1.91%
Category Average 0.17% 0.43% 1.80% 1.58% 5.83% 5.16% 3.57% 1.56% 1.73% 1.83% 1.97% 1.64% 1.60% 1.45%
Category Rank 14 / 287 99 / 278 20 / 277 44 / 277 21 / 258 13 / 219 17 / 206 21 / 194 9 / 183 - - - - -
Quartile Ranking 1 2 1 1 1 1 1 1 1 - - - - -

Monthly Return

Created with Highcharts 10.3.3-1%0%1%2%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.78% 1.54% 0.60% 1.47% -0.22% 0.71% 0.50% 0.82% 0.48% 0.18% 0.02% 0.46%
Benchmark 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83% 0.52% 0.31% 0.02% 0.16%

Best Monthly Return Since Inception

2.87% (April 2020)

Worst Monthly Return Since Inception

-3.48% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - 6.53% -0.51% -4.29% 6.85% 7.09%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking - - - - - 1 2 3 1 1
Category Rank - - - - - 6/ 182 49/ 188 100/ 197 5/ 209 16/ 229

Best Calendar Return (Last 10 years)

7.09% (2024)

Worst Calendar Return (Last 10 years)

-4.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 94.77
Cash and Equivalents 3.16
Canadian Government Bonds 1.57
Foreign Corporate Bonds 0.48
Foreign Government Bonds 0.08
Other -0.06

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.91
Cash and Cash Equivalent 3.15
Other -0.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.98
Europe 0.08
Other -0.06

Top Holdings

Top Holdings
Name Percent
Bank of Nova Scotia 3.81% 15-Nov-2027 -
Bank of Montreal 4.31% 01-May-2027 -
Canadian Imperial Bank Commrce 5.50% 14-Dec-2027 -
Toronto-Dominion Bank 5.18% 09-Apr-2029 -
Bruce Power LP 3.97% 23-Mar-2026 -
Bank of Nova Scotia 4.68% 01-Feb-2029 -
CIBC 4.90% 12-Jun-2034 -
Fairfax Financial Holdings Ltd 4.23% 14-Mar-2029 -
JPMorgan Chase & Co 1.90% 05-Mar-2027 -
North West Redwater Partnershp 2.80% 01-Mar-2027 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678-2%0%2%4%6%8%

Fidelity Canadian Short Term Corporate Bond ETF Series L

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.58% 2.64% -
Beta 1.02% 1.07% -
Alpha 0.01% 0.01% -
Rsquared 0.94% 0.92% -
Sharpe 0.45% 0.22% -
Sortino 1.48% 0.02% -
Treynor 0.01% 0.01% -
Tax Efficiency 75.02% - -
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 1.80% 2.58% 2.64% -
Beta 1.05% 1.02% 1.07% -
Alpha 0.00% 0.01% 0.01% -
Rsquared 0.94% 0.94% 0.92% -
Sharpe 2.11% 0.45% 0.22% -
Sortino 8.13% 1.48% 0.02% -
Treynor 0.04% 0.01% 0.01% -
Tax Efficiency 80.47% 75.02% - -

Fund Details

Start Date September 20, 2019
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $241

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

Fidelity Canadian Short Term Corporate Bond ETF aims to provide a steady flow of income. It invests primarily in Canadian fixed income securities, usually with an average term to maturity of five years or less. It can invest in these securities either directly or indirectly through investments in underlying investment funds.

Investment Strategy

In order to achieve its investment objective, Fidelity Canadian Short Term Corporate Bond ETF invests primarily in investment grade fixed income securities. The Sub-advisor allocates the assets of Fidelity Canadian Short Term Corporate Bond ETF 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 Management

Portfolio Manager

Fidelity Investments Canada ULC
Sub-Advisor

Fidelity Management and Research (FMR) Company

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

State Street Trust Company Canada
Registrar

State Street Trust Company Canada
Distributor

-

Investment Minimums

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

Fees

MER 0.45%
Management Fee 0.40%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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