Important legal information

Terms of use

Read before continuing – Your acceptance of terms of use

Fidelity’s Financial Centre is for advisor use only. No recipient is authorized to pass this communication on to any other person whatsoever or reproduce it by any means without the prior written consent of Fidelity. Fidelity is pleased to provide you with the products, services, content, tools and information on this website ( “Fidelity site”). The Fidelity site is intended only for your personal, non-commercial use, unless you and Fidelity have agreed otherwise in writing. Your use of the Fidelity site is subject to the following terms of use (“terms”).

These terms incorporate by reference the additional policies, statements, disclosures, notices and other documents listed under the “Legal” section of the Fidelity site and are a binding contract between you and Fidelity. By using or accessing the Fidelity site, you accept and agree to be bound by these terms. Your use of the Fidelity site is governed by the version of the terms in effect on the date the Fidelity site is accessed by you. Fidelity may modify these terms at any time without prior notice to you. You may not change these terms in any manner. You should check back periodically to review the most current version of this document by visiting Fidelity site and clicking on the ‘Important legal information’ hyperlink located at the bottom of each page. These terms are in addition to any other agreements between you and Fidelity , including Other Terms (see section “Means of access”), any customer or account agreements, and any other agreements that govern your use of products, services, content, tools and information available on the Fidelity site. Fidelity may terminate your access to the Fidelity site for any reason, without prior notice.

About Fidelity

Fidelity Investments Canada ULC (“Fidelity”) was established in Canada in 1987. Fidelity is part of a group of companies collectively known as Fidelity Investments. Fidelity offers Canadian investors a full range of domestic, international and global equity and income-oriented mutual funds, ETFs, asset allocation strategies, managed portfolios, sustainable investing products, alternative mutual funds and a high net worth program. Fidelity products are available through a number of advice-based channels, including financial planners, investment dealers, banks and insurance companies.

Investment funds

Fidelity Funds and ETFs, Fidelity Capital Structure Corp. mutual funds and Fidelity Private Investment Pools are managed by Fidelity, and are available through independent dealers.

The statements contained herein are based on information believed to be reliable and are provided for information purposes only. Where such information is based in whole or in part on information provided by third parties, we cannot guarantee that it is accurate, complete or current at all times. It does not provide investment, tax or legal advice, and is not an offer or solicitation to buy. Graphs and charts are used for illustrative purposes only and do not reflect future values or returns on investment of any fund or portfolio. Particular investment strategies should be evaluated according to an investor’s investment objectives and tolerance for risk. Fidelity is not liable for any errors or omissions in the information or for any loss or damage suffered.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund or ETF’s prospectus, which contains detailed investment information, before investing. The indicated rates of return are historical annual compounded total returns for the period indicated including changes in unit value and reinvestment of distributions. The indicated rate of return for each money market fund is an annualized historical yield based on the seven-day period ended as indicated and annualized in the case of effective yield by compounding the seven-day return and does not represent an actual one-year return. The indicated rates of return do not take into account sales, redemption, distribution or option charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds and ETFs are not guaranteed. Their values change frequently, and investors may experience a gain or a loss. Past performance may not be repeated.

Mutual funds, unlike GICs, are not insured by the Canada Deposit Insurance Corporation or any other deposit insurer nor guaranteed by any entity.

Regulatory restrictions prohibit the presentation of performance data for funds with a history of less than one year.

Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future values of any mutual fund or returns on investment in any mutual fund or portfolio.

Index returns are shown for comparative purposes only. Indexes are unmanaged, and their returns do not include any sales charges or fees, as such costs would lower performance. It is not possible to invest directly in an index.

A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until their ACB goes below zero. Investors should not confuse this cash-flow distribution with a fund’s rate of return or yield. While investors in Fidelity’s tax-efficient series (Tax-Smart CashFlow) will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. Tax-Smart CashFlow will also pay a year-end distribution that must be reinvested in additional securities of the applicable fund. The monthly cash-flow distributions on Tax-Smart CashFlow are not guaranteed, will be adjusted from time to time and may include income.

Unlike traditional mutual fund series, exchange-traded series (ETF series) of mutual funds are traded on stock exchanges. In the event of a disruption or a halt in trading of the ETF series on a stock exchange or marketplace on which the ETF series of a fund are traded, the trading price of the ETF series may be affected. As a result, the disruption or halting of such trading may cause a performance variance between the ETF series and the traditional mutual fund series because the ETF series may trade in the market at a premium or discount to the net asset value (NAV) per unit. There can be no assurance that the ETF series trading price will behave similar to the NAV per unit. The trading price of the ETF series will fluctuate in accordance with changes in a fund’s NAV, as well as market supply and demand on the exchange or marketplace on which the ETF series are traded. As such, the performance between the ETF series and the traditional mutual fund series of a fund may vary. In addition, there are other factors that could lead to performance variances between the ETF series and the traditional mutual fund series, such as, for example, brokerage commissions and HST.

Liquid alternative mutual funds have the ability to invest in asset classes or use investment strategies that are not permitted for conventional mutual funds. The specific strategies that differentiate these funds from conventional mutual funds may include: increased use of derivatives for hedging and non-hedging purposes, increased ability to sell securities short and the ability to borrow cash to use for investment purposes. If undertaken, these strategies will be used in accordance with the fund’s investment objectives and strategies, and during certain market conditions, may accelerate the pace at which the Fund decreases in value.

While certain funds are managed in accordance with neutral mix guidelines and investment parameters as set out in a fund’s prospectus, the portfolio manager retains the discretion to deviate from it, and it is not included in the offering document as part of the fund’s investment strategies.

Fidelity’s Currency Neutral Funds use derivatives to mitigate these Funds’ exposure to changes in exchange rates between developed market currencies (or U.S. currency) and the Canadian dollar. The investment approach used by the Funds, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The funds’ returns will differ from the local currency returns of its underlying funds. The performance of an index fund is expected to be lower than the index it seeks to track.

A fund’s volatility is determined using a statistical measure called “standard deviation”. Standard deviation is a statistical measure of how much a return varies over an extended period of time. The more variable the returns, the larger the standard deviation. Investors may examine historical standard deviation in conjunction with historical returns to decide whether an investment's volatility would have been acceptable given the returns it would have produced. A higher standard deviation indicates a wider dispersion of past returns and thus greater historical volatility. Standard deviation does not indicate how an investment actually performed, but it does indicate the volatility of its returns over time. Standard deviation is annualized. The returns used for this calculation are not load-adjusted. Standard deviation does not predict the future volatility of a fund.

The investment risk level indicated is required to be determined in accordance with the Canadian Securities Administrators standardized risk classification methodology, which is based on the historical volatility of a fund, as measured by the ten-year annualized standard deviation of the returns of a fund or those of a reference index, in the case of a new fund.

The breakdown of fund investments that are presented to illustrate the way in which a fund may invest may not be representative of a fund’s current or future investments. A fund’s investments may change at any time.

From time to time a manager, analyst or other Fidelity employee may express views regarding a particular company, security, and industry or market sector. The views expressed by any such person are the views of only that individual as of the time expressed and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time, based upon markets and other conditions, and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity Fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity Fund.

Certain statements in this commentary may contain forward-looking statements (“FLS”) that are predictive in nature and may include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” and similar forward-looking expressions or negative versions thereof. FLS are based on current expectations and projections about future general economic, political and relevant market factors, such as interest and assuming no changes to applicable tax or other laws or government regulation. Expectations and projections about future events are inherently subject to, among other things, risks and uncertainties, some of which may be unforeseeable and, accordingly, may prove to be incorrect at a future date. FLS are not guarantees of future performance, and actual events could differ materially from those expressed or implied in any FLS. A number of important factors can contribute to these digressions, including, but not limited to, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition and catastrophic events. You should avoid placing any undue reliance on FLS. Further, this is no specific intention of updating any FLS whether as a result of new information, future events or otherwise.

The Morningstar Risk Adjusted Ratings (MRARs), commonly referred to as the Star Ratings, relate the risk-adjusted performance of a fund to its peers with the same CIFSC Fund category for the period ended as noted and are subject to change monthly. Morningstar calculates ratings for categories with at least five funds. To determine a fund’s rating, the fund and its peer are ranked by their MRARs. If a fund scores in the top 10% of its category, it receives five stars (High); if it falls in the next 22.5%, it receives four stars (Above Average); the next 35% earns a fund three stars (Neutral or Average); those in the next 22.5% receive two stars (Below Average); and the lowest 10% receive one star (Low). The overall rating is a weighted combination of the three-, five- and ten-year ratings. For greater detail, see www.morningstar.ca.

Quartile rankings divide the returns of all funds in a category into four equal regions. Expressed in terms of rank (1, 2, 3 or 4), the quartile measure shows how well a fund has performed compared to all other funds in the same category as defined by Morningstar, and are updated monthly. For multi-series funds (Series A, Series B etc.), each series is rated separately and counted as a fraction of an investment within this scale, which may cause slight variations in the distribution percentages. This accounting prevents a single portfolio in a smaller category from dominating any portion of the rating scale. The top 25% of funds (or quarter) are at the first quartile, the next 25% of funds are at the second, and the next group is at the third quartile. The bottom 25% of funds with the poorest performance are at the fourth quartile.

© 2024 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is not a guarantee of future results.

Calculators

Calculators used on the Fidelity site is provided for informational purposes only. All charts and illustrations are used to illustrate the effects of growth of a hypothetical investment based on inputs provided by the user and are not intended to reflect future values of any fund or returns on investment in any fund. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results.

The information provided herein should not be interpreted as financial, investment, tax, legal or accounting advice. Investments should be evaluated according to an investor's investment objectives and risk tolerance. You should consult your professional advisor before taking any action.

Fidelity does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. Fidelity will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

Fidelity Management & Research (Canada) ULC

(“FMR Canada”) carries on business in British Columbia as FMR Investments Canada ULC.

Fidelity Management & Research (Canada) ULC (“FMR Canada”) carries on business in British Columbia as FMR Investments Canada ULC.

FMR Canada commenced business in Ontario on February 1, 2018. FMR Canada is registered as a portfolio manager with the Ontario Securities Commission and as a portfolio manager with the other Canadian securities commissions. The scope of FMR Canada’s business is currently limited to offering the Global Asset Allocation (“GAA”) strategies through a discrete portfolio management team at FMR Canada. The GAA strategies are offered by FMR Canada on a subadvised basis to accounts advised by Fidelity, with FMR Canada acting as either direct subadvisor to FIC or as sub-subadvisor through non-Canadian Fidelity advisors, including (and principally) U.S. SEC-registered investment advisors, such as Fidelity Management and Research Company LLC. FMR Canada does not offer these strategies directly to investors in Canada. FMR Canada has also registered “Fidelity Investments” as a trade name in Canada.

Information for foreign investors

This communication does not constitute an offer or solicitation by anyone in the United States or any other jurisdiction in which such an offer or solicitation is not authorized to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should consult with their advisor to determine if these investment funds may be lawfully sold in their jurisdiction.

No investment recommendations or professional advice

The Fidelity site does not provide investment, tax or legal advice, and nothing on the Fidelity site should be construed as an offer to sell, a solicitation or an offer to buy or a recommendation of any security by Fidelity or any third party. Certain tools available on the Fidelity site may be provided for illustrative or informational purposes only. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you, based on your investment objectives and tolerance for risk. Every individual’s situation is unique and should be reviewed by their own personal legal and tax consultants.

Copyright policy, linking policy and trademarks

The Fidelity site is protected by applicable copyright laws. Accordingly, you may not copy, distribute, modify, post or frame-in any Fidelity site, including any text, graphics, video, audio, software code, user interface design or logos

You need to obtain Fidelity’s written consent prior to linking to a Fidelity site. Unless you and Fidelity have agreed otherwise, links from another website to a Fidelity site must resolve to the top-level homepage of a Fidelity domain (e.g., www.fidelity.ca).

In order to avoid confusion, if you do link from another website to a Fidelity top-level homepage, your website, and the link itself, may not suggest that Fidelity endorses, sponsors or is affiliated with any non-Fidelity website, entity, service or product, and may not make use of any Fidelity trademarks or service marks other than those contained within the text of the link itself.

All word marks, trademarks and service marks on the Fidelity site belong to Fidelity, except third-party trademarks and service marks, which are the property of their respective owners.

Fidelity either owns the intellectual property rights in the underlying HTML, text, images, audio clips, video clips, software and other content that is made available to you on the Fidelity site or has obtained the permission of the owner of the intellectual property in such content to use the content on the Fidelity site. The display of trademarks on pages on the Fidelity site does not imply that any licence has been granted to any third party.

Fidelity grants to you a non-exclusive, personal, non-transferable, non-sub-licensable, limited and revocable right to display the content on its Fidelity site on your computer and print such content on your printer solely for your own personal non-commercial use, provided that you do not modify such content and that you do not delete any of the proprietary notices in such content.

All information on the Fidelity site is protected by the copyright or other intellectual property laws of Canada and/or the equivalent laws of other countries. Information on the Fidelity site may only be reproduced or used with the prior written consent of Fidelity. Fidelity shall not be responsible for any loss or damage that may result from the reproduction or use of the any information on the Fidelity site, other than in accordance with these terms.

If you believe that content on the Fidelity site has copied your work in a way that constitutes copyright infringement, please provide Fidelity with the following information:

a physical or electronic signature of a person authorized to act on behalf of the owner of the copyright allegedly infringed;
a description of the copyrighted work that you claim has been infringed, or, if multiple copyrighted works are the subject of a single notice, a representative list of such works;
a description of the allegedly infringing material, including where that material is located on the Fidelity site;
your address, telephone number and email address;
a statement by you that you have a good-faith belief that use of the disputed material in the manner complained of is not authorized by the copyright owner, its agent or the law; and
a statement by you that the information you provide in your notice is accurate and that you are the owner of the allegedly infringed copyright, or that you are authorized to act on behalf of the applicable copyright owner.

Fidelity’s Agent for Notice of claims of copyright infringement can be reached as follows:
By mail: Robyn Mendelson, Fidelity Investments Canada, 483 Bay Street Suite 300, Toronto, Ontario M5G 2N7
By phone: 416 307-5200
By email: robyn.mendelson@fidelity.ca

Third-party content and sites

The Fidelity site includes general news and information, commentary, interactive tools, quotes, research reports and data concerning the financial markets, securities and other subjects. Some of that content is supplied by companies that are not affiliated with Fidelity (“third-party content”). Most third-party content is available through framed areas or through hyperlinks to third-party websites (“third-party sites”), and its source is clearly and prominently identified.

The Fidelity site uses YouTube's API services in connection with embedding video thumbnail images and descriptions provided by YouTube LLC (“YouTube”). As such, you acknowledge and agree that by accessing the videos linked through the embedded video thumbnail images and descriptions, you are also bound by YouTube’s Terms of Service and Google’s Privacy Policy. Using YouTube’s offering requires a connection to be established to YouTube’s servers. During this process, certain information is transmitted to YouTube. We do not control the collection, storage or use of any of your information by YouTube and do not have access to any information collected. You should review Google’s and YouTube’s Privacy Policies carefully before you use any YouTube features. Further information about how your data are collected and used by YouTube and your rights in relation to this can be found in YouTube's privacy policy at www.youtube.com.

Although third-party content may be framed-in on the Fidelity site or available through a link to a third-party site, Fidelity does not prepare, edit or endorse third-party content. Fidelity therefore does not guarantee its accuracy, timeliness, completeness or usefulness, and is not responsible or liable for any third-party content, advertising, products or other materials on or available from third-party sites. You will use third-party content only at your own risk.

Changes to the Fidelity site

Unless otherwise agreed, Fidelity may discontinue or modify the Fidelity site at any time without prior notice to you, and you accept those modifications if you continue to use the Fidelity site.

All content on the Fidelity site is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. Fidelity does not undertake to keep all content current. In addition, you are responsible for setting the cache setting on your browser to ensure you are receiving the most recent data.

Means of access

Although you may use other means to access the Fidelity site, be aware that the Fidelity site may not appear accurately through other access methods, and you use them only at your own risk.

You should not access the Fidelity site through devices or services that are designed to provide high-speed, automated, repeated access, unless such devices are approved or made available by Fidelity.

Certain parts of the Fidelity site may require a login and be password-protected. You may not obtain or attempt to obtain unauthorized access to such parts of the Fidelity site, or to any other protected materials or information, through any means not intentionally made available by Fidelity for your specific use.

You may also be required to agree to other terms of use (“Other Terms”) as a condition of accessing or using certain content or services made available through the Fidelity site. Such content and services may be hosted on systems and servers located in jurisdictions outside of Canada and managed by related companies of Fidelity. Unless otherwise agreed with you in writing, Fidelity is not responsible for the availability of such sites, due to system or network outages, or otherwise. In addition, Fidelity will not have any liability to support such content or services, or to supply corrections or new releases. Your access to and use of such content and services will be governed by the applicable Other Terms, including with respect to the collection and processing of your data in connection with your use. In the event of any conflict with these Terms, the Other Terms will prevail with respect to your access to, and use of, the specific content or services to which the Other Terms pertain. Fidelity disclaims any and all liability in connection with your use of any such content or services that you access through the Fidelity site and which are governed by Other Terms.

Prohibited uses

Because all servers have limited capacity and may experience high traffic from time to time, you must not use Fidelity site in any manner that could damage or overburden any Fidelity server, or any network connected to any Fidelity server. Do not use Fidelity site in any manner that would interfere with any other party’s use of the Fidelity site.

You also agree that you will not use the Fidelity site to: (i) violate any laws or third party rights; (ii) upload, post, email, transmit, or otherwise make available any content that unlawful, that you do not have a right to make available under any law or under contractual or fiduciary relationships or that infringes any patent, trademark, trade secret, copyright or other proprietary rights of any party; (iii) transfer your user account to another party without Fidelity prior consent; and/or (iv) copy, modify, or distribute any content available on the Fidelity site. You shall abide by all rules and regulations published by Fidelity from time to time in respect of your use of the Fidelity site.

Password security and notification

Your privacy and confidentiality cannot be ensured if you communicate any information to Fidelity over the Internet, or if we communicate any information to you over the internet at your request. If you receive a communication from Fidelity in error, please notify us immediately by return e-mail or otherwise and permanently delete the entire communication from any computer, disk drive, or other storage medium.

If you have a user ID and password for access to non-public areas of the Fidelity site, you are solely responsible for all activities that occur in connection with your user ID. Accordingly, you should take steps to protect the confidentiality of your password. Notify Fidelity immediately if you become aware of any disclosure, loss, theft or unauthorized use of your password.

Fidelity is not responsible for any loss or damages you may incur if you transmit your password, or any other confidential, personal or sensitive information, to us, or if we communicate any confidential, personal or sensitive information to you or a third party at your request.

Calculators and interactive tools

Calculators, interactive tools and any projections or information derived from such calculators or interactive tools are for informational purposes only, and Fidelity does not warrant or represent that such projections or data are accurate. You accept such tools “as is,” “as available” and solely at your own risk.

Disclaimer of warranties

Fidelity does not make any express or implied warranties about the Fidelity site, including but not limited to implied warranties of merchantability, fitness for a particular purpose or non-infringement.
The Fidelity site is made available to you “as is” and “as available,” and Fidelity does not warrant that any defects or inaccuracies will be corrected. Fidelity shall not be responsible for the consequences of any defects, omissions or inaccuracies on the Fidelity site.
Fidelity does not warrant that the Fidelity site will meet your needs, or that it will be uninterrupted, timely, secure or error-free. Fidelity also makes no warranty that the results obtained from the use of the Fidelity site will be accurate or reliable, or that the quality of any products, services, information or other material purchased or obtained by you through the Fidelity site will meet your expectations. This provision may not apply to participants in certain employer-sponsored workplace savings plans.

Limitation of liability

Fidelity will not be liable to you or anyone else for any claims, losses or damages of any kind, including any direct, indirect, consequential, incidental, special, exemplary or punitive (including, but not limited to, lost profits, trading losses, loss of data or its use, business interruption or damages that result from the use or temporary or permanent loss of use of the Fidelity site, third-party sites or third-party content) incurred by you or anyone else, whether alleged to have arisen under contract, tort (including negligence), statute or otherwise at law. This is true even if Fidelity has been advised of the possibility of such damage or losses.
In addition, Fidelity will not be liable to you or anyone else for any claims, losses or damages resulting from a cause over which Fidelity does not have direct control. This includes, amongst other things, the failure of electronic or mechanical equipment or communications lines (including telephone, cable and Internet), unauthorized access, viruses, theft, operator errors, severe or extraordinary weather (including flood, earthquake or other act of God), fire, war, insurrection, terrorist act, riot, labour dispute and other labour problems, accident, emergency (including epidemics, pandemics or other public health emergencies) or action of government.

Indemnification

As a condition of your use of the Fidelity site, you agree to hold Fidelity and its third-party providers harmless from, and indemnify Fidelity and its third-party providers for, any and all claims, losses, liabilities, costs and expenses (including but not limited to attorneys' fees) incurred by you arising from your use of the Fidelity site, or from your violation of these terms.

Changes to the Fidelity site

Unless otherwise agreed, Fidelity may discontinue or modify the Fidelity site at any time without prior notice to you, and you accept those modifications if you continue to use the Fidelity site.

Termination

Fidelity may terminate your access to the Fidelity site for any reason, without prior notice.

Governing law

Unless otherwise agreed, these terms and their enforcement are governed by the laws of the Province of Ontario and the applicable federal laws of Canada, without regard to conflicts of law. Any dispute between you and Fidelity or any other person arising from, connected with or relating to the Fidelity site, these terms, or any related matters (collectively “Disputes“) will be resolved before the Courts of the Province of Ontario, sitting in the City of Toronto, and you hereby irrevocably submit and attorn to the original and exclusive jurisdiction of these courts in respect of all Disputes.

Benefit

These terms shall inure to the benefit of Fidelity’s successors and assigns, whether by merger, consolidation or otherwise. You may not assign these terms or the rights and obligations under these terms. Fidelity may assign these terms and its rights and obligations under these terms without your consent.

Severability

If a court of competent jurisdiction deems any provision unenforceable, that provision will be enforced to the maximum extent permissible, and the remaining provisions will remain in full force and effect.

Read our privacy policy. By using or logging in to this website, you consent to the use of cookies as described in our privacy policy

This site is for persons in Canada only. Mutual funds and ETFs sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada.