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Fidelity Canadian Monthly High Income ETF Fund Series B

Canadian Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-19-2024)
$9.99
Change
-$0.04 (-0.39%)

As at June 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Canadian Monthly High Income ETF Fund Series B

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Fund Returns

Inception Return (January 22, 2020): 1.81%

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 -0.27% 0.25% 3.90% 3.90% 7.56% 5.25% 1.68% 5.51% - - - - - -
Benchmark 0.56% 0.18% 3.20% 3.20% 8.38% 7.73% 2.57% 5.85% 5.21% 5.29% 5.40% 5.47% 5.12% 4.83%
Category Average 0.32% 4.15% 4.15% 4.15% 8.52% 7.52% 2.16% 5.40% 4.41% 4.27% 4.22% 4.46% 4.02% 4.00%
Category Rank 428 / 453 298 / 453 313 / 447 313 / 447 366 / 444 395 / 423 348 / 402 272 / 382 - - - - - -
Quartile Ranking 4 3 3 3 4 4 4 3 - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.41% -1.09% -3.17% -1.92% 4.91% 3.59% -0.03% 1.01% 2.65% -1.70% 2.26% -0.27%
Benchmark 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52% 0.56%

Best Monthly Return Since Inception

7.71% (November 2020)

Worst Monthly Return Since Inception

-14.70% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 13.11% -7.35% 5.40%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking - - - - - - - 2 2 4
Category Rank - - - - - - - 162/ 393 125/ 413 432/ 433

Best Calendar Return (Last 10 years)

13.11% (2021)

Worst Calendar Return (Last 10 years)

-7.35% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 30.29
US Equity 18.37
Foreign Government Bonds 16.94
International Equity 13.14
Foreign Corporate Bonds 8.44
Other 12.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 31.96
Financial Services 13.28
Energy 13.23
Utilities 5.81
Technology 5.73
Other 29.99

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.49
Europe 9.69
Asia 5.09
Latin America 1.36
Multi-National 0.34
Other 2.03

Top Holdings

Top Holdings
Name Percent
iShares 20 Plus Year Treasury Bond ETF (TLT) -
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 3.75% 31-Dec-2030 -
iShares Canadian Real Return Bond Index ETF (XRB) -
Royal Bank of Canada -
Canadian Natural Resources Ltd -
WisdomTree Emerging Mkts High Dividend ETF (DEM) -
United States Treasury 3.50% 15-Feb-2033 -
Enbridge Inc -
United States Treasury 4.13% 15-Aug-2053 -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Canadian Monthly High Income ETF Fund Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 9.32% - -
Beta 0.95% - -
Alpha -0.01% - -
Rsquared 0.93% - -
Sharpe -0.10% - -
Sortino -0.13% - -
Treynor -0.01% - -
Tax Efficiency 40.12% - -
Volatility Volatility rating is 4 on a scale of 1 to 10 - -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.43% 9.32% - -
Beta 0.94% 0.95% - -
Alpha 0.00% -0.01% - -
Rsquared 0.96% 0.93% - -
Sharpe 0.33% -0.10% - -
Sortino 0.98% -0.13% - -
Treynor 0.03% -0.01% - -
Tax Efficiency 85.03% 40.12% - -

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 January 22, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3

Fund Codes

FundServ Code Load Code Sales Status
FID6758

Investment Objectives

The Fund aims to achieve 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 achieve a steady flow of income with the potential for capital gains by using an asset allocation approach. The underlying fund invests primarily in other underlying funds.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Canadian Monthly High Income ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Follows a neutral mix guideline of approximately 60% equity securities and approximately 40% fixed income securities. Depending on market conditions, may vary the asset mix by up to +/- 20% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Geoffrey D. Stein 02-20-2020
David D. Wolf 02-20-2020
David Tulk 02-21-2020
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 Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.82%
Management Fee 1.50%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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