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Fidelity Canadian Monthly High Income ETF

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Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022

Click for more information on Fundata’s FundGrade

NAVPS
(05-07-2025) 		$13.09
Change
$0.04 (0.27%)

As at March 31, 2025

As at December 31, 2024

As at March 31, 2025

Period
Created with Highcharts 10.3.3Apr 2020Jul 2020Oct 2020Jan 2021Apr 2021Jul 2021Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025$8,000$10,000$12,000$14,000$6,000$9,000$11,000Period

Legend

Fidelity Canadian Monthly High Income ETF

Compare Options

Fund Returns

Inception Return (January 16, 2020): 4.82%

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 -0.34% 3.44% 2.70% 3.44% 11.11% 9.86% 4.68% 6.18% 9.60% - - - - -
Benchmark -0.96% 1.73% 3.82% 1.73% 12.13% 10.30% 5.44% 6.25% 9.47% 6.77% 6.80% 6.15% 6.64% 5.60%
Category Average -1.57% 1.05% 2.31% 1.05% 8.76% 8.76% 4.46% 4.74% 7.91% 5.39% 5.16% 4.77% 5.13% 4.28%
Category Rank 9 / 447 10 / 447 216 / 447 10 / 447 89 / 447 169 / 429 245 / 410 130 / 388 123 / 377 - - - - -
Quartile Ranking 1 1 2 1 1 2 3 2 2 - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.60% 2.53% -0.26% 4.29% 0.92% 2.16% -0.53% 2.62% -2.74% 2.14% 1.62% -0.34%
Benchmark -1.88% 1.52% 0.56% 4.19% 0.91% 2.55% -0.02% 4.18% -2.03% 2.42% 0.29% -0.96%

Best Monthly Return Since Inception

7.83% (November 2020)

Worst Monthly Return Since Inception

-14.69% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 14.76% -6.03% 6.79% 11.79%
Benchmark -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43% 13.55%
Category Average 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27% 11.70%
Quartile Ranking - - - - - - 2 1 4 3
Category Rank - - - - - - 112/ 388 54/ 407 360/ 427 326/ 441

Best Calendar Return (Last 10 years)

14.76% (2021)

Worst Calendar Return (Last 10 years)

-6.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 31.30
Foreign Government Bonds 18.78
US Equity 18.24
International Equity 10.80
Foreign Corporate Bonds 6.97
Other 13.91

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 32.65
Financial Services 14.55
Energy 11.94
Technology 6.13
Utilities 5.70
Other 29.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 83.67
Europe 8.02
Asia 4.50
Latin America 1.21
Multi-National 0.28
Other 2.32

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.38% 15-May-2034 -
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 4.13% 15-Aug-2053 -
Royal Bank of Canada -
iShares Canadian Real Return Bond Index ETF (XRB) -
Enbridge Inc -
United States Treasury 3.50% 15-Feb-2033 -
WisdomTree Emerging Mkts High Dividend ETF (DEM) -
Sienna Senior Living Inc -
Chartwell Retirement Residences - Units -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return891011121314-4%-2%0%2%4%6%8%10%

Fidelity Canadian Monthly High Income ETF

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 9.73% 9.24% -
Beta 0.95% 0.96% -
Alpha 0.00% 0.00% -
Rsquared 0.94% 0.92% -
Sharpe 0.12% 0.78% -
Sortino 0.30% 1.19% -
Treynor 0.01% 0.08% -
Tax Efficiency 66.42% - -
Volatility Volatility rating is 4 on a scale of 1 to 10 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 7.02% 9.73% 9.24% -
Beta 0.89% 0.95% 0.96% -
Alpha 0.00% 0.00% 0.00% -
Rsquared 0.85% 0.94% 0.92% -
Sharpe 0.98% 0.12% 0.78% -
Sortino 2.12% 0.30% 1.19% -
Treynor 0.08% 0.01% 0.08% -
Tax Efficiency 85.43% 66.42% - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A74.8​74.830.8​30.80%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A61.3​61.334.3​34.30%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A68.1​68.131.3​31.30%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A89.7​89.730.4​30.40%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date January 16, 2020
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $7

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

The ETF invests primarily in underlying funds. These underlying funds generally invest in a mix of Canadian and foreign equity securities and fixed income securities, with generally more emphasis on Canadian equity securities and fixed income securities. The ETF may invest up to 49% of its net assets in foreign equity securities and non-Canadian dollar-denominated fixed income securities.

Investment Strategy

In order to achieve its investment objective, the Sub-advisor of Fidelity Canadian Monthly High Income ETF generally follows a neutral mix guideline of approximately 60% equity securities and approximately 40% fixed income securities. Depending on market conditions, the Sub-advisor may vary the asset mix by up to +/-20% from the neutral mix if it believes this produces the best overall return.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • David D. Wolf
  • Geoffrey D. Stein
  • David Tulk
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 0.57%
Management Fee 0.50%
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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