Read a fund’s or pool’s prospectus or offering memorandum and speak to an advisor before investing. Mutual funds or pools are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions and trailing commissions and may experience a gain or loss.
Important Legal Information
These terms are a binding contract between you and Fidelity Investments. By using or accessing the Fidelity Sites, you accept and agree to be bound by these terms. Your use of the Fidelity Sites is governed by the version of the Terms in effect on the date each Fidelity Site is accessed by you. Fidelity may modify these Terms at any time without prior notice. You should review the most current version of this document by visiting fidelity.ca and clicking on the legal hyperlink located at the bottom of each page. These Terms are in addition to any other agreements between you and Fidelity Investments, including any customer or account agreements, and any other agreements that govern your use of products, services, content, tools and information available on the Fidelity Sites. Fidelity may terminate your access to the Fidelity Sites for any reason, without prior notice.
Fidelity Investments Canada ULC (“Fidelity”) was established in Canada in 1987. Fidelity is part of a group of companies collectively known as Fidelity Investments and ultimately owned by FMR LLC, which is based in Boston. Fidelity offers Canadian investors a full range of domestic and international mutual funds or pools through a number of advice-based channels, including financial planners, investment dealers, banks and insurance companies.
Mutual fund or pools
Fidelity Funds and Fidelity Private Investment Pools are managed by Fidelity, and are available through independent dealers.
Fidelity Corporate Class mutual funds are issued by Fidelity Capital Structure Corp., managed by Fidelity and available through independent dealers.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, which contains detailed investment information, before investing. The indicated rates of return (other than for each money market fund) are historical annual compounded total returns for the period indicated including changes in unit value and reinvestment 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 are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaranteed or insured. Their values changes frequently. There can be no assurances that any money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Past performance may not be repeated.
As with any investment, there are risks to investing in mutual funds or pools. There is no assurance that any mutual fund or pool will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time.
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.
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 Series T8/S8/I8 and/or T5/S5/I5 will be able to defer some personal capital gains, they must still pay tax on capital gains distributions. T-SWP will also pay a distribution that must be reinvested in December, consisting of income and capital gains.
The monthly cash-flow distributions on Fidelity T-SWP are not guaranteed, will be adjusted from time to time and may include income. We will aim to keep cash flow between 7.5% and 9% of the NAV each year on T-SWP balanced funds or pools on T8, S8, I8, as well as 4.5% of the NAV on T5, S5 and I5 balanced funds or pools. For equity funds or pools, we will aim to keep cash flow between 6.0% and 10.0% of the NAV each year on T8, S8 and I8, and between 4% and 6% of the NAV each year on T5, S5, and I5.
The Morningstar Risk Adjusted Ratings (MRARs), commonly referred to as the Star Rating, 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 5 funds. To determine a fund’s rating, the fund and its peer are ranking by their MRARs. If a fund scores in the top 10% of its category, it receives five stars; if it falls in the next 22.5%, it receives four stars; the next 35% earns a fund three stars, those in the next 22.5% received two stars; and the lowest 10% receive one star. The overall rating is a weighted combination of the 3, 5 and 10 year ratings. For greater detail see Morningstar.ca.
© 2012 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 guarantee of future results.
Quartile rankings are compiled by sorting the funds by returns and range from 1 to 4 for all time periods covered and can change monthly. The top performing 25% of funds in each fund category are assigned a ranking of 1, the next 25% a 2, etc.
A fund’s volatility is determined using statistical measure called “standard deviation”. Standard deviation measures the amount of variability of returns that has historically occurred relative to the average return. The higher the standard deviation of a fund, the greater the range of returns it has experienced in the past. Other types of risk, both measurable and non-measurable, exist. In addition, just as historical performance may not be indicative of future returns, a fund’s historical volatility may not be indicative of its future volatility.
Mutual fund strategies and current holdings are subject to change.
Regulatory restrictions limit publishing performance returns for funds or portfolios, to investors, with a history of less than one year.
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 theses mutual funds or pools may be lawfully sold in their jurisdiction.
No investment recommendations or professional advice
Generally, the Fidelity sites do not provide tax, legal, insurance or investment advice, and nothing on the Fidelity sites 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. However, certain tools available on the Fidelity sites may be deemed to provide general investment advice, within the meaning of the securities laws based upon your personalized input. Unless otherwise specified, 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 personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.
Views expressed regarding a particular company, security, industry or market sector 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 and are not a recommendation to buy or sell. 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 or pool are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund or pool.
Copyright policy, linking policy and trademarks
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.
All word marks, trademarks and service marks on the Fidelity sites belong to FMR LLC, except third-party trademarks and service marks, which are the property of their respective owners.
If you believe that your work has been copied 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;
- an identification of the allegedly infringing material, and a description of where that material is located on the Fidelity sites;
- 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 copyright owner.
Fidelity’s Agent for Notice of claims of copyright infringement can be reached as follows:
By mail: Mark J. Laffey, Esq., Fidelity Investments, 82 Devonshire Street, F7D, Boston, MA 02109
By phone: (617) 563-5658
By email: IPProtection@fmr.com
Third party content and sites
The Fidelity sites include 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, and its source is clearly and prominently identified.
Although Third-Party Content may be framed-in on the Fidelity sites 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 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 Fidelity sites
Unless otherwise agreed, Fidelity may discontinue or modify the Fidelity sites at any time without prior notice to you, and you accept those modifications if you continue to use the Fidelity sites.
All content on the Fidelity sites is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. In addition, you are responsible for setting the cache setting on your browser to ensure you are receiving the most recent data.
Because all servers have limited capacity and are used by many people, do not use Fidelity sites in any manner that could damage or overburden any Fidelity server, or any network connected to any Fidelity server. Do not use Fidelity sites in any manner that would interfere with any other party’s use of the Fidelity sites.
Certain parts of the Fidelity sites are protected by passwords or require login. You may not obtain or attempt to obtain unauthorized access to such parts of the Fidelity sites, or to any other protected materials or information, through any means not intentionally made available by Fidelity for your specific use.
Fidelity’s Financial Advisor 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.
You should not access the Fidelity sites through devices or services that are designed to provide high-speed, automated, repeated access, unless such devices are approved or made available by Fidelity.
Password security and notification
If you have a personal identification number (PIN) for access to non-public areas of the Fidelity sites, you are solely responsible for all activities that occur in connection with your PIN. Accordingly, you should take steps to protect the confidentiality of your PIN. Notify Fidelity immediately if you become aware of any disclosure, loss, theft or unauthorized use of your PIN.
Disclaimer of warranties
- Fidelity does not make any express or implied warranties about the Fidelity sites, including but not limited to implied warranties of merchantability, fitness for a particular purpose or non-infringement.
- The Fidelity sites are made available to you “as is” and “as available,” and Fidelity does not warrant that any defects or inaccuracies will be corrected.
- Fidelity does not warrant that the Fidelity sites will meet your needs, or that they will be uninterrupted, timely, secure or error-free. Fidelity also makes no warranty that the results obtained from the use of the Fidelity sites 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 sites 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 consequential, incidental, special or indirect damages (including but not limited to lost profits, trading losses or damages that result from use or loss of use of the Fidelity sites and Third-Party Content, inconvenience or delay). This is true even if Fidelity has been advised of the possibility of such damage or losses.
- Fidelity will not be liable to you or anyone else for any loss resulting from a cause over which such Fidelity does not have direct control. This include 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 or action of government.