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Fidelity Global Monthly High Income ETF

Global Neutral Balanced

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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

Fundata ESG Grade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022

Click for more information on Fundata’s FundGrade

NAVPS
(06-24-2024)
$13.48
Change
$0.06 (0.44%)

As at May 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Global Monthly High Income ETF

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Fund Returns

Inception Return (January 16, 2020): 4.75%

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 2.87% 4.30% 10.05% 6.63% 14.87% 7.13% 6.00% 8.23% - - - - - -
Benchmark 1.73% 1.94% 8.09% 5.92% 12.59% 9.18% 3.91% 4.98% 5.61% 5.55% 5.21% 6.18% 6.05% 6.97%
Category Average 2.20% 7.71% 7.71% 4.67% 11.08% 5.85% 2.49% 5.52% 4.86% 4.50% 4.19% 4.85% 4.14% 4.56%
Category Rank 133 / 1,711 49 / 1,700 195 / 1,700 286 / 1,700 190 / 1,654 583 / 1,597 80 / 1,439 101 / 1,325 - - - - - -
Quartile Ranking 1 1 1 1 1 2 1 1 - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.97% 2.02% -0.55% -3.05% -0.85% 4.97% 3.20% 0.76% 1.46% 2.81% -1.38% 2.87%
Benchmark 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73%

Best Monthly Return Since Inception

7.11% (April 2020)

Worst Monthly Return Since Inception

-12.95% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 13.24% -4.70% 9.29%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - - 1 1 3
Category Rank - - - - - - - 207/ 1,391 63/ 1,530 934/ 1,648

Best Calendar Return (Last 10 years)

13.24% (2021)

Worst Calendar Return (Last 10 years)

-4.70% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 35.61
International Equity 23.90
Foreign Government Bonds 20.63
Foreign Corporate Bonds 9.85
Canadian Equity 4.91
Other 5.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 32.43
Financial Services 10.59
Technology 9.74
Energy 8.62
Basic Materials 5.61
Other 33.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 70.79
Europe 17.03
Asia 8.61
Latin America 1.50
Multi-National 0.47
Other 1.60

Top Holdings

Top Holdings
Name Percent
iShares 20 Plus Year Treasury Bond ETF (TLT) -
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 3.75% 31-Dec-2030 -
Microsoft Corp -
iShares TIPS Bond ETF (TIP) -
United States Treasury 3.50% 15-Feb-2033 -
Apple Inc -
United States Treasury 4.13% 15-Aug-2053 -
NVIDIA Corp -
WisdomTree Emerging Mkts High Dividend ETF (DEM) -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Global Monthly High Income ETF

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.09% - -
Beta 0.87% - -
Alpha 0.03% - -
Rsquared 0.76% - -
Sharpe 0.37% - -
Sortino 0.53% - -
Treynor 0.04% - -
Tax Efficiency 77.24% - -
Volatility 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 7.89% 9.09% - -
Beta 0.93% 0.87% - -
Alpha 0.03% 0.03% - -
Rsquared 0.81% 0.76% - -
Sharpe 1.19% 0.37% - -
Sortino 2.86% 0.53% - -
Treynor 0.10% 0.04% - -
Tax Efficiency 89.87% 77.24% - -

Fundata ESG Metrics

Fundata ESG Score

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

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

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

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.

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) $21

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 global equity securities and fixed income securities. The ETF's neutral mix is 60% equity securities and 40% fixed income securities, which may vary by up to +/-20% from the neutral mix.

Investment Strategy

-

Portfolio Manager(s)

Name Start Date
David D. Wolf 02-20-2020
Geoffrey D. Stein 02-20-2020
David Tulk 02-21-2020
Fidelity Management and Research (FMR) Company 11-30-2021

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.62%
Management Fee 0.55%
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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