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Fidelity Systematic Canadian Bond Index ETF Fund Series B

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$8.54
Change
$0.02 (0.23%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Systematic Canadian Bond Index ETF Fund Series B

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Fund Returns

Inception Return (September 25, 2019): -1.29%

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 0.58% -1.01% 7.36% -1.01% 2.77% -0.05% -1.86% -0.35% - - - - - -
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.52% 6.86% 6.86% -1.11% 2.05% -0.60% -2.10% -0.66% -0.15% 0.47% 0.49% 0.61% 0.47% 1.18%
Category Rank 219 / 625 345 / 621 190 / 616 345 / 621 212 / 604 264 / 586 329 / 560 230 / 531 - - - - - -
Quartile Ranking 2 3 2 3 2 2 3 2 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.04% -1.56% 0.17% -1.12% -0.22% -2.62% 0.25% 4.26% 3.77% -1.64% 0.05% 0.58%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

6.90% (April 2020)

Worst Monthly Return Since Inception

-6.70% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 7.11% -3.60% -12.50% 6.90%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking - - - - - - 4 4 4 2
Category Rank - - - - - - 481/ 522 507/ 553 448/ 582 196/ 598

Best Calendar Return (Last 10 years)

7.11% (2020)

Worst Calendar Return (Last 10 years)

-12.50% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 52.44
Canadian Government Bonds 40.83
Cash and Equivalents 6.69
Foreign Corporate Bonds 0.19
Other -0.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.46
Cash and Cash Equivalent 6.69
Other -0.15

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.09
Europe 0.06
Other -0.15

Top Holdings

Top Holdings
Name Percent
Canada Government 5.00% 01-Jun-2037 -
Canada Government 2.75% 01-Dec-2064 -
Canada Government 2.00% 01-Dec-2051 -
Canada Government 3.50% 01-Dec-2045 -
Canada Government 2.75% 01-Dec-2048 -
Ontario Province 2.90% 02-Jun-2049 -
Fidelity Canadian Money Market Investment Trust O -
Canada Government 1.75% 01-Dec-2053 -
Ontario Province 4.65% 02-Jun-2041 -
Ontario Province 2.90% 02-Dec-2046 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Systematic Canadian Bond Index ETF Fund Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.96% - -
Beta 1.04% - -
Alpha 0.00% - -
Rsquared 0.99% - -
Sharpe -0.61% - -
Sortino -0.87% - -
Treynor -0.04% - -
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 7.11% 6.96% - -
Beta 1.03% 1.04% - -
Alpha 0.01% 0.00% - -
Rsquared 0.99% 0.99% - -
Sharpe -0.25% -0.61% - -
Sortino -0.01% -0.87% - -
Treynor -0.02% -0.04% - -
Tax Efficiency 52.51% - - -

Fund Details

Start Date September 25, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $9

Fund Codes

FundServ Code Load Code Sales Status
FID6774

Investment Objectives

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 seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada Systematic Canadian Bond Index (the “Index”). The underlying fund invests primarily in Canadian fixed income securities.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Systematic Canadian Bond Index ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Normally invests the underlying fund’s assets in the securities that make up the Index.

Portfolio Manager(s)

Name Start Date
Brandon Bettencourt 02-21-2020
Jay Small 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 0.95%
Management Fee 0.75%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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