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Passive foreign investment company ETF statements

Fidelity is pleased to offer passive foreign investment company (PFIC) annual information statements to unitholders of Fidelity exchange-traded funds (ETFs) who are considered U.S. persons for U.S. tax purposes.

For unitholders of Fidelity Funds (excluding ETFs), please speak with your financial advisor or your discount broker, if applicable, about obtaining an individualized copy of your PFIC statements.

PFIC ETF statements

Fidelity’s ETF annual information statements (AIS) are now available. An ETF’s AIS provides the pro-rata per unit per day share of the ordinary earnings and net capital gains of the ETF for the tax period. Investors need to multiply the number of shares they held by the number of days they held them, and by the factors in the AIS, to determine their personalized PFIC reporting amounts.

The AIS will allow you to make the qualified electing fund (QEF) election on your U.S. income tax returns. In making the QEF election, include the pro-rata share of the ETF’s earned income and capital gains for U.S. tax purposes. This is roughly similar to how U.S. ETFs are taxed in the U.S. and is generally aligned with how Canadian ETFs are taxed in Canada. There are other reporting options, but in many cases the QEF election will be the most beneficial to U.S. tax filers. We strongly recommend you consult a U.S. tax specialist with regard to U.S. tax rules on PFICs and the implications of PFIC reporting to you.

Frequently asked questions

 

Download PFIC overview

PFIC ETF AIS (Download)

Ticker Fidelity ETF Tax year Tax year Tax year
FBAL Fidelity All-in-One Balanced ETF     2021
FGRO Fidelity All-in-One Growth ETF     2021
FCCD Fidelity Canadian High Dividend Index ETF 2019 pdf 2020 pdf 2021
FCCQ Fidelity Canadian High Quality Index ETF 2019 pdf 2020 pdf 2021
FCCL Fidelity Canadian Low Volatility Index ETF 2019 pdf 2020 pdf 2021
FCCM Fidelity Canadian Momentum Index ETF     2021
FCMI Fidelity Canadian Monthly High Income ETF   2020 pdf 2021
FCSB Fidelity Canadian Short Term Corporate Bond ETF   2020 pdf 2021
FCCV Fidelity Canadian Value Index ETF     2021
FCGB Fidelity Global Core Plus Bond ETF   2020 pdf 2021
FCIG Fidelity Global Investment Grade Bond ETF     2021
FCGI Fidelity Global Monthly High Income ETF   2020 pdf 2021
FCID Fidelity International High Dividend Index ETF 2019 pdf 2020 pdf 2021
FCIQ Fidelity International High Quality Index ETF 2019 pdf 2020 pdf 2021
FCIL Fidelity International Low Volatility Index ETF 2019 pdf 2020 pdf 2021
FCIM Fidelity International Momentum Index ETF     2021
FCIV Fidelity International Value Index ETF     2021
FCSW Fidelity Sustainable World ETF   2020 pdf 2021
FCCB Fidelity Systematic Canadian Bond Index ETF   2020 pdf 2021
FCHH Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF   2020 pdf 2021
FCHY Fidelity Systematic U.S. High Yield Bond ETF   2020 pdf 2021
FCRH Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF 2019 pdf 2020 pdf 2021
FCRR Fidelity U.S. Dividend for Rising Rates Index ETF 2019 pdf 2020 pdf 2021
FCUH Fidelity U.S. High Dividend Currency Neutral Index ETF 2019 pdf 2020 pdf 2021
FCUD Fidelity U.S. High Dividend Index ETF 2019 pdf 2020 pdf 2021
FCQH Fidelity U.S. High Quality Currency Neutral Index ETF 2019 pdf 2020 pdf 2021
FCUQ Fidelity U.S. High Quality Index ETF 2019 pdf 2020 pdf 2021
FCLH Fidelity U.S. Low Volatility Currency Neutral Index ETF 2019 pdf 2020 pdf 2021
FCUL Fidelity U.S. Low Volatility Index ETF 2019 pdf 2020 pdf 2021
FCMH Fidelity U.S. Momentum Currency Neutral Index ETF     2021
FCMO Fidelity U.S. Momentum Index ETF     2021
FCVH Fidelity U.S. Value Currency Neutral Index ETF     2021
FCUV Fidelity U.S. Value Index ETF     2021

 

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