Fund code: 6774

  • NAV $8.86 -$0.03 / -0.31%
    20-Nov-2024
  • Inception 25-Sep-2019
  • Benchmark Fidelity Canada Systematic Canadian Bond Index
  • Aggregate assets
    (all series)
    $49.3M
    31-Oct-2024
  • MER 0.96%
    31-Mar-2024
  • Distributions
  • Trailing 12 month yield 3.03%
    31-Oct-2024
  • Yield To Worst 4.00%
    30-Sep-2024
  • Duration 7.6 years
    30-Sep-2024
  • Morningstar category Canadian Fixed Income
  • Also available through ETF CDN$
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 31-Oct-2024

YTD 2024 2023 2022 2021 2020
Fund 3.31 6.90 -12.50 -3.60 7.11

Standard period returns (%) 31-Oct-2024

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception
Fund -1.09 1.25 6.51 11.77 -0.43 -0.28 -0.31

Why invest in this fund?

  • Increased yield potential relative to the broad bond universe due to increased corporate exposure.
  • Leverages Fidelity’s expertise in fixed-income investing and quantitative research.
  • Effective balance of both interest rate and credit risk.

 

Risk classification update
Effective December 6, 2024, the Fund’s risk rating will change from “Low” to “Low to Medium.” 

Risk measures (%) 31-Oct-2024

Fund
Annualized standard deviation 7.30
Beta 1.05
0.99

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a low to medium volatility rating

Allocation

Asset mix (%)

30-Sep-2024

Country mix (%)

30-Sep-2024

Credit quality (%)

30-Sep-2024
12 months ago Last month Current month
AAA 13.5 14.0 14.7
AA 30.3 29.0 29.4
A 15.8 13.7 13.4
BBB 39.5 41.3 40.5
BB 0.1 - -
Cash & Net Other Assets 0.8 1.7 1.4
Not Rated/Not Available - 0.3 0.6

Top five issuers

  1. Government of Canada
  2. Province of Ontario
  3. Province of Quebec
  4. Bell Canada
  5. Enbridge
Total number of issuers 152
Aggregate of top issuers 36.9%
  1. Province of Ontario
  2. Government of Canada
  3. Province of Quebec
  4. Bell Canada
  5. Enbridge
Total number of issuers 151
Aggregate of top issuers 36.2%
  1. Province of Ontario
  2. Government of Canada
  3. Province of Quebec
  4. Bell Canada
  5. Telus
Total number of issuers 150
Aggregate of top issuers 36.0%
  1. Province of Ontario
  2. Government of Canada
  3. Province of Quebec
  4. Bell Canada
  5. Rogers Communications
Total number of issuers 147
Aggregate of top issuers 36.1%
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