Fidelity Systematic U.S. High Yield Bond ETF Fund Series F

Fund Details

Start Date	September 25, 2019
Instrument Type	Mutual Fund
Share Class	Fee Based Advice
Legal Status	Trust
Sales Status	Open
Currency	CAD
Distribution Frequency	Monthly
Assets ($mil)	$0

Fund Codes

FundServ Code	Load Code	Sales Status
FID6766

Investment Objectives

The Fund aims to achieve a high level 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 high level of income with the potential for capital gains by investing primarily in U.S. high yield securities, leveraging a quantitative multi-factor model.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Systematic U.S. High Yield Bond ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Invests primarily in fixed income securities rated BB or B by S&P, Ba or B by Moody’s, comparably rated by another nationally recognized credit rating agency, or, if unrated, considered by it to be of comparable quality.

Portfolio Management

Portfolio Manager	Fidelity Investments Canada ULC Michael Weaver Alexandre Karam Michael Cheng
Sub-Advisor	Geode Capital Management, LLC

Management and Organization

Fund Manager	Fidelity Investments Canada ULC
Custodian	State Street Trust Company Canada
Registrar	Fidelity Investments Canada ULC
Distributor	-