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Fidelity Global Investment Grade Bond ETF Fund Series B

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Global Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(11-19-2024) 		$8.26
Change
-$0.02 (-0.19%)

As at October 31, 2024

As at September 30, 2024

Period
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Legend

Fidelity Global Investment Grade Bond ETF Fund Series B

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Fund Returns

Inception Return (June 10, 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 -2.73% -0.20% 4.53% 1.07% 9.22% 3.74% -2.86% -2.08% - - - - - -
Benchmark -0.37% 1.29% 6.45% 5.58% 9.92% 6.35% -0.67% -2.80% -0.90% 0.82% 0.67% 0.23% 1.08% 2.23%
Category Average -1.54% 0.64% 4.60% 2.57% 9.49% 5.32% -1.02% -0.89% 0.06% 1.26% 0.79% 0.77% 1.22% 1.34%
Category Rank 532 / 567 513 / 556 331 / 542 467 / 531 333 / 530 418 / 459 345 / 385 216 / 316 - - - - - -
Quartile Ranking 4 4 3 4 3 4 4 3 - - - - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 4.12% 3.79% -0.31% -0.95% 0.73% -2.80% 1.71% 0.84% 2.12% 1.37% 1.21% -2.73%
Benchmark 2.61% 1.46% 0.01% 0.00% 0.40% -1.24% 0.00% 1.16% 3.88% -0.22% 1.89% -0.37%

Best Monthly Return Since Inception

4.12% (November 2023)

Worst Monthly Return Since Inception

-3.89% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - -1.16% -12.93% 4.01%
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 - - - - - - - 2 4 4
Category Rank - - - - - - - 112/ 322 304/ 388 382/ 468

Best Calendar Return (Last 10 years)

4.01% (2023)

Worst Calendar Return (Last 10 years)

-12.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 68.60
Foreign Corporate Bonds 24.14
Cash and Equivalents 7.12
Canadian Government Bonds 0.25
Canadian Corporate Bonds 0.20
Other -0.31

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.11
Cash and Cash Equivalent 7.12
Consumer Services 0.08
Energy 0.03
Other -0.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 82.36
Europe 6.84
Multi-National 6.06
Latin America 3.37
Asia 1.03
Other 0.34

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 4.38% 15-May-2034 -
United States Treasury 4.88% 31-Oct-2030 -
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 4.25% 30-Jun-2031 -
United States Treasury 2.88% 15-May-2052 -
United States Treasury 3.75% 31-Dec-2030 -
United States Treasury 4.50% 15-Nov-2033 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Global Investment Grade Bond ETF Fund Series B

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 7.45% - -
Beta 0.73% - -
Alpha -0.02% - -
Rsquared 0.48% - -
Sharpe -0.82% - -
Sortino -0.96% - -
Treynor -0.08% - -
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 7.59% 7.45% - -
Beta 1.08% 0.73% - -
Alpha -0.01% -0.02% - -
Rsquared 0.51% 0.48% - -
Sharpe 0.59% -0.82% - -
Sortino 1.37% -0.96% - -
Treynor 0.04% -0.08% - -
Tax Efficiency 85.00% - - -

Fund Details

Start Date June 10, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $15

Fund Codes

FundServ Code Load Code Sales Status
FID2494

Investment Objectives

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, with an emphasis on investment grade fixed income securities.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Global Investment Grade 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
Fidelity Investments Canada ULC 06-04-2020
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 25
PAC Subsequent 25
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.23%
Management Fee 1.00%
Load Back Fee Only
FE Max -
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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