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Fidelity Canadian Short Term Corporate Bond ETF Series L (FCSB : NEO)
Cdn Short Term Fixed Inc
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024
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|
Close (09-11-2026) |
$25.26 |
|---|---|
| Change |
-$0.05
(-0.20%)
|
| Open | $25.23 |
|---|---|
| Day Range | $25.22 - $25.26 |
| Volume | 22,890 |
As at August 31, 2026
As at June 30, 2026
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Fund Returns
Inception Return (September 20, 2019): 3.09%
| 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 | 0.16% | 0.18% | 0.44% | 1.45% | 2.82% | 4.21% | 5.80% | 5.15% | 2.87% | 2.68% | - | - | - | - |
| Benchmark | 0.09% | 0.05% | -0.06% | 1.13% | 2.23% | 3.41% | 4.76% | 3.99% | 2.08% | 1.82% | 2.16% | 2.45% | 2.24% | 2.02% |
| Category Average | 0.10% | -0.04% | -0.04% | 0.93% | 1.86% | 2.91% | 4.25% | 3.59% | 1.75% | 1.59% | 1.83% | 2.01% | 1.80% | 1.64% |
| Category Rank | 110 / 313 | 130 / 308 | 100 / 300 | 89 / 296 | 41 / 279 | 15 / 246 | 14 / 218 | 9 / 202 | 21 / 190 | 17 / 181 | - | - | - | - |
| Quartile Ranking | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.83% | 0.44% | 0.13% | -0.05% | 0.57% | 0.43% | -0.86% | 0.29% | 0.84% | 0.36% | -0.33% | 0.16% |
| Benchmark | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% | 0.32% | -0.36% | 0.09% |
Best Monthly Return Since Inception
2.87% (April 2020)
Worst Monthly Return Since Inception
-3.48% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | 6.53% | -0.51% | -4.29% | 6.85% | 7.09% | 4.46% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | - | - | - | - | 1 | 2 | 3 | 1 | 1 | 1 |
| Category Rank | - | - | - | - | 5/ 176 | 46/ 182 | 98/ 191 | 5/ 203 | 15/ 221 | 14/ 258 |
Best Calendar Return (Last 10 years)
7.09% (2024)
Worst Calendar Return (Last 10 years)
-4.29% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 94.41 |
| Foreign Corporate Bonds | 3.31 |
| Cash and Equivalents | 1.10 |
| Canadian Government Bonds | 0.75 |
| Canadian Bonds - Other | 0.42 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 98.94 |
| Cash and Cash Equivalent | 1.09 |
| Other | -0.03 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.72 |
| Europe | 0.31 |
| Other | -0.03 |
Top Holdings
| Name | Percent |
|---|---|
| BK NOVA SCOT 4.95% 01-Aug-2034 | - |
| Rogers Communications Inc 5.70% 21-Sep-2028 | - |
| Bank of Nova Scotia 3.81% 15-Nov-2027 | - |
| Canadian Imperial Bank Commrce 4.90% 12-Jun-2029 | - |
| Cenovus Energy Inc 3.50% 07-Feb-2028 | - |
| Bank of Nova Scotia 3.62% 30-Jan-2032 | - |
| Toronto-Dominion Bank 3.61% 10-Sep-2030 | - |
| Reliance LP 2.67% 01-Aug-2028 | - |
| BMONT 3.73% 03-Jun-2031 | - |
| Canadian Imperial Bank Commrce 4.15% 02-Apr-2030 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Canadian Short Term Corporate Bond ETF Series L
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 2.10% | 2.61% | - |
|---|---|---|---|
| Beta | 1.05% | 1.05% | - |
| Alpha | 0.01% | 0.01% | - |
| Rsquared | 0.94% | 0.95% | - |
| Sharpe | 1.10% | -0.05% | - |
| Sortino | 2.77% | -0.07% | - |
| Treynor | 0.02% | 0.00% | - |
| Tax Efficiency | 73.92% | 56.12% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.67% | 2.10% | 2.61% | - |
| Beta | 0.92% | 1.05% | 1.05% | - |
| Alpha | 0.01% | 0.01% | 0.01% | - |
| Rsquared | 0.92% | 0.94% | 0.95% | - |
| Sharpe | 0.32% | 1.10% | -0.05% | - |
| Sortino | -0.16% | 2.77% | -0.07% | - |
| Treynor | 0.01% | 0.02% | 0.00% | - |
| Tax Efficiency | 45.58% | 73.92% | 56.12% | - |
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) | - |
| 52 Week High | $26.03 |
| 52 Week Low | $24.93 |
| Annual Dividend | $0.92 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
ETF Characteristics
| Exposure | 1x performance |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
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 |
- |
Fees
| MER | 0.44% |
|---|---|
| Management Fee | 0.40% |
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