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Fidelity Canadian Short Term Corporate Bond ETF Fund Series B

Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2025)
$10.07
Change
$0.00 (-0.04%)

As at May 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Nov 2019May 2020Nov 2020May 2021Nov 2021May 2022Nov 2022May 2023Nov 2023May 2024Nov 2024May 2025Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025May 2020Mar 2021Jan 2022Nov 2022Sep 2023Jul 2024$9,000$9,500$10,000$10,500$11,000$11,500$12,000Period

Legend

Fidelity Canadian Short Term Corporate Bond ETF Fund Series B

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Fund Returns

Inception Return (September 25, 2019): 2.16%

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 0.66% 0.59% 2.12% 1.67% 7.04% 6.42% 4.56% 1.99% 2.26% - - - - -
Benchmark 0.16% 0.49% 2.32% 1.86% 6.71% 5.64% 3.94% 1.91% 1.81% 2.15% 2.42% 2.02% 1.98% 1.91%
Category Average 0.17% 0.43% 1.80% 1.58% 5.83% 5.16% 3.57% 1.56% 1.73% 1.83% 1.97% 1.64% 1.60% 1.45%
Category Rank 6 / 287 125 / 278 118 / 277 134 / 277 55 / 258 34 / 219 51 / 206 86 / 194 58 / 183 - - - - -
Quartile Ranking 1 2 2 2 1 1 1 2 2 - - - - -

Monthly Return

Created with Highcharts 10.3.3-1%0%1%2%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.58% 1.86% 0.17% 1.87% -0.38% 0.64% 0.45% 0.75% 0.32% 0.18% -0.24% 0.66%
Benchmark 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83% 0.52% 0.31% 0.02% 0.16%

Best Monthly Return Since Inception

6.64% (April 2020)

Worst Monthly Return Since Inception

-7.29% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - 4.89% -1.39% -5.16% 6.06% 6.81%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking - - - - - 3 3 4 1 1
Category Rank - - - - - 98/ 182 138/ 188 169/ 197 33/ 209 34/ 229

Best Calendar Return (Last 10 years)

6.81% (2024)

Worst Calendar Return (Last 10 years)

-5.16% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 94.77
Cash and Equivalents 3.16
Canadian Government Bonds 1.57
Foreign Corporate Bonds 0.48
Foreign Government Bonds 0.08
Other -0.06

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.91
Cash and Cash Equivalent 3.15
Other -0.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.98
Europe 0.08
Other -0.06

Top Holdings

Top Holdings
Name Percent
Bank of Nova Scotia 3.81% 15-Nov-2027 -
Bank of Montreal 4.31% 01-May-2027 -
Canadian Imperial Bank Commrce 5.50% 14-Dec-2027 -
Toronto-Dominion Bank 5.18% 09-Apr-2029 -
Bruce Power LP 3.97% 23-Mar-2026 -
Bank of Nova Scotia 4.68% 01-Feb-2029 -
CIBC 4.90% 12-Jun-2034 -
Fairfax Financial Holdings Ltd 4.23% 14-Mar-2029 -
JPMorgan Chase & Co 1.90% 05-Mar-2027 -
North West Redwater Partnershp 2.80% 01-Mar-2027 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678-2%0%2%4%6%8%

Fidelity Canadian Short Term Corporate Bond ETF Fund Series B

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.75% 2.74% -
Beta 1.07% 1.10% -
Alpha 0.00% 0.00% -
Rsquared 0.91% 0.91% -
Sharpe 0.20% -0.07% -
Sortino 0.95% -0.36% -
Treynor 0.01% 0.00% -
Tax Efficiency 76.97% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.42% 2.75% 2.74% -
Beta 1.31% 1.07% 1.10% -
Alpha -0.02% 0.00% 0.00% -
Rsquared 0.81% 0.91% 0.91% -
Sharpe 1.37% 0.20% -0.07% -
Sortino 4.74% 0.95% -0.36% -
Treynor 0.03% 0.01% 0.00% -
Tax Efficiency 82.76% 76.97% - -

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) $104

Fund Codes

FundServ Code Load Code Sales Status
FID6771

Investment Objectives

The Fund aims to provide a steady flow of income. 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 provide a steady flow of income by investing primarily in Canadian fixed income securities usually with an average term to maturity of five years or less.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Canadian Short Term Corporate Bond ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Invests primarily in investment grade fixed income securities. Allocates the underlying fund’s assets 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

  • Sri Tella
  • Catriona Martin
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

-

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 1.11%
Management Fee 0.90%
Load Back 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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