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Fidelity Systematic U.S. High Yield Bond ETF

FCHY
  • NAV $21.13 28-Jun-2022
  • -$0.18 / -0.84% Daily NAV change
  • -12.69% YTD return
  • MARKET PRICE 28-Jun-2022
  • $21.35   
  • Inception 23-Sep-2019
  • Net assets $13.7M
    28-Jun-2022
  • Units outstanding 650,000
    28-Jun-2022
  • Management fee 0.50%
  • MER 0.56%
    30-Sep-2021
  • Investment program DRIP
  • Distributions
  • Trailing 12 month yield 5.06%
    30-Jun-2022
  • Yield To Worst 6.69%
    31-May-2022
  • Benchmark ICE BofA BB-B US High Yield Constrained Index
  • Duration 5.2 years
    30-Apr-2022
  • Exchange Toronto Stock Exchange
  • CUSIP 31615L105
  • Morningstar category High Yield Fixed Income
  • Also available through: Trust currency neutral and Trust CDN$
  • Get ETF Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Why invest in this ETF?

  • Aims to offer a more efficient approach toward investing in high-yield bonds than traditional index products.
  • Quantitative multi-factor model selects fixed income securities with potential for capital gains.
  • Leverages Fidelity’s global resources and expertise in fixed-income investing.

Fidelity will terminate the ETF after the close of business on August 19, 2022. The ETF is expected to be delisted from the TSX, at the request of Fidelity, on the same day. All units held following the delisting and termination will be subject to mandatory redemption.

Calendar returns†† (%) 31-May-2022

YTD 2022 2021 2020
ETF (NAV) -8.53 3.54 7.10
ETF (Market price) -8.53 3.54 7.07

Standard period returns†† (%) 31-May-2022

1 mo 3 mo 6 mo 1 yr Inception
ETF (NAV) -1.28 -4.76 -7.38 -1.60 0.62
ETF (Market price) -1.28 -4.76 -7.38 -1.60 0.53

Risk measures

Risk measures cannot be calculated on funds that are less than three years old. This fund does not yet meet the required criteria.

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-Apr-2022

Sector mix (%)

30-Apr-2022
12 months ago Last month Current month
Energy 13.9 19.0 19.3
Diversified Financial Services 6.3 8.4 8.3
Health Care 8.3 5.9 5.8
Technology 3.7 5.0 5.0
Cable TV 5.3 4.6 4.5
Services - 4.4 4.3
Homebldg/Real Estate - 3.8 3.9
Metals & Mining 4.0 3.7 3.6
Telecom. 6.1 3.5 3.5
Electric Utilities - 3.6 3.5
Automotive 3.9 - -
Hotels 3.4 - -

Credit quality (%)

30-Apr-2022
12 months ago Last month Current month
A 0.2 0.2 0.2
BBB 1.8 0.2 0.2
BB 50.1 50.3 50.1
B 39.4 41.5 41.4
CCC & Below 3.4 3.4 3.4
Cash & Net Other Assets 5.0 2.5 2.8
Not Rated/Not Available 0.2 1.8 1.9

Top five issuers

  1. GFL Environmental
  2. Occidental Petroleum
  3. LPL Financial Holdings
  4. ScottsMiracle-Gro
  5. Hilton Domestic Operating Company
Total number of issuers 206
Aggregate of top issuers 12.2%
  1. GFL Environmental
  2. Occidental Petroleum
  3. LPL Financial Holdings
  4. ScottsMiracle-Gro
  5. Hilton Domestic Operating Company
Total number of issuers 211
Aggregate of top issuers 12.3%
  1. CCO Holdings Capital Corp.
  2. TransDigm Group
  3. GFL Environmental
  4. Occidental Petroleum
  5. Ford Motor Credit
Total number of issuers 235
Aggregate of top issuers 11.7%
  1. TransDigm Group
  2. Ford Motor Credit
  3. OneMain Financial
  4. GFL Environmental
  5. CCO Holdings Capital Corp.
Total number of issuers 221
Aggregate of top issuers 13.7%
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