Fidelity Canadian Large Cap Fund

NAV $14.21 04-Sep-2026
-$0.06 / -0.45% Daily NAV change
6.48% YTD return

MARKET PRICE 04-Sep-2026
$14.25

Inception 19-May-2023
Aggregate assets
(all series) $13.654B
31-Aug-2026
Units outstanding 14,350,000
04-Sep-2026
Management fee 0.85%
MER 1.07%
31-Dec-2025
Investment program DRIP
Distributions
Benchmark 70% S&P/TSX 60 Capped Index and 30% S&P 500 Index
Exchange Cboe CA
CUSIP 31606J788
Morningstar category Canadian Focused Equity
Also available through Class US$, Class CDN$, Trust CDN$ and Trust T-Series S5
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Initial investment

End investment

Annualized return

Recurring transactions (PAC/SWP)

Amount

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Start NAV

$10.0000

End NAV

$10.4031

Distributions

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Why invest in this fund?

A value-oriented strategy that aims to invest in companies that the portfolio manager believes to be undervalued by the market.
Managed with an aim to weather market volatility.
Flexibility to invest up to 49% in foreign markets.

Calendar returns (%) 31-Aug-2026

	YTD 2026	2025	2024
ETF (NAV)	7.58	18.34	16.10
ETF (Market price)	-	-	-

Standard period returns (%) 31-Aug-2026

	1 mo	3 mo	6 mo	1 yr	3 yr	Inception^†
ETF (NAV)	0.17	6.05	5.35	8.13	14.86	13.43
ETF (Market price)	-	-	-	-	-	-

Risk measures (%) 31-Jul-2026

	Fund
Annualized standard deviation	6.95
Beta	0.29
R²	0.17

Risk classification

Low
Low to medium
Medium
Medium to high
High

This fund has a medium volatility rating

Allocation

Asset mix (%)

31-Jul-2026

Country mix (%)

31-Jul-2026

Sector mix (%)

31-Jul-2026

	12 months ago	Last month	Current month
Consumer Staples	38.6	29.1	27.9
Information Technology	5.6	20.4	21.1
Communication Services	14.0	9.3	10.8
Health Care	7.1	5.5	8.0
Industrials	6.9	8.1	6.6
Utilities	6.9	6.3	5.8
Materials	4.2	5.3	4.9
Consumer Disc.	5.9	3.1	3.7
Real Estate	1.2	1.1	0.2
Financials	4.7	-	0.2
Energy	1.2	-	-

Top ten holdings

Constellation Software
Alimentation Couche-Tard
Imperial Brands
British American Tobacco
CGI
BCE
Diageo
Intuit
Metro
Adobe

Total number of holdings

Top ten holdings aggregate

44.2%

Constellation Software
BCE
Alimentation Couche-Tard
British American Tobacco
Imperial Brands
Metro
Emera
Canadian National Railway
Diageo
Hologic

Total number of holdings

Top ten holdings aggregate

42.3%

Alimentation Couche-Tard
BCE
British American Tobacco
Imperial Brands
Metro
Rogers Communication, Cl. B, Non Vtg
Emera
Diageo
Canadian National Railway
Saputo

Total number of holdings

Top ten holdings aggregate

41.3%

BCE
Alimentation Couche-Tard
British American Tobacco
Imperial Brands
Rogers Communication, Cl. B, Non Vtg
Diageo
Metro
Emera
Canadian National Railway
Open Text

Total number of holdings

Top ten holdings aggregate

41.8%

View all

Portfolio managers

Daniel Dupont Portfolio manager May 25, 2023

Fund information
- ETF facts
- ETF Fact Sheet
Fidelity Active ETFs

Active ETFs are exchange-traded funds whose underlying portfolio allocation is managed by a portfolio manager.
Feature sheet

An overview of Fidelity Canadian Large Cap Fund
Feature sheet (Traditional Chinese version)

An overview of Fidelity Canadian Large Cap Fund
Feature sheet (Simplified Chinese version)

An overview of Fidelity Canadian Large Cap Fund
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Fidelity Canadian Large Cap Fund

Portfolio holdings listing
As at 30-Jun-2026

The listing of portfolio holdings provides information on a fund's investments as of the date indicated. The information provided in this listing may differ from a fund's holdings in its annual report.

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Footnotes and disclosures

The S&P/TSX 60 Capped Index includes all constituents of the S&P/TSX 60 Index (The S&P/TSX 60 Index is a stock market index of 60 large companies listed on the Toronto Stock Exchange.) with relative weighting of each constituent capped at 10%. The S&P/TSX 60 is comprised of large cap securities and is structured to match the sector weights of the S&P/TSX Composite Index. The S&P 500 Index is a widely recognized index of 500 US common stocks of large and mid capitalization companies.

Unlike traditional mutual fund series, exchange-traded series (ETF series) 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.

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 distributions, and do not take into account any charges or income taxes payable by any security holder that would have reduced returns. Mutual funds and ETFs are not guaranteed. Their values change frequently. Past performance may not be repeated.

A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the 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.

The monthly cash-flow distributions on Fidelity Tax-Smart CashFlow™ 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 9.0% of the NAV each year on Tax-Smart CashFlow F8, T8 and S8 balanced funds, as well as 4.5% and 5.5% of the NAV on F5, T5 and S5 balanced funds. For equity funds, we will aim to keep cash flow between 6.0% and 10.0% of the NAV each year on F8, T8 and S8, and between 4.0% and 6.0% of the NAV each year on F5, T5 and S5.

The charting tool is for illustrative purposes only and it does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.

Month-end asset mixes may total greater than / less than 100% due to differences in the timing of cashflows and investments, and/or to reflect cash held for the purposes of collateral allocations associated with certain types of derivatives. Country and sector allocations show specific exposures to countries / sectors representing at least 1% of total fund asset. As such, the values displayed may not total 100%.

The information provided in this listing and top ten holdings or top five issuers may differ from a fund’s holdings in its annual report and as follows, where applicable:

For the annual report, a fund’s investments include trades executed through the end of the last business day of the period. This listing and the ten holdings or five issuers include trades executed through the end of the previous business day.

The list includes any investment in derivative instruments, and excludes the value of any cash collateral held for securities on loan and a fund’s net other assets. There, the holdings as a percent of fund net assets may not total to 100%.

The top ten holdings or top five issuers for fixed-income and money market funds are presented to illustrate examples of the securities that the fund has bought and the diversity of the areas in which the fund may invest, may not be the representative of the fund’s current or future investments, and may change at any time. The top ten holdings and top five issuers do not include cash, cash equivalents, money market instruments, options, interest rate swaps, fixed-income total return swaps and/or futures contracts. Depositary receipts, credit default swaps and equity total return swaps are normally combined with the underlying security.

The listing of portfolio holdings provides information on a fund’s investments as at the date indicated. The information provided in this listing may differ from a fund’s holdings in its annual report.

Effective December 1, 2017, the management fees for certain series of the Fund were reduced. Please see the Fund Facts document for further details.

Deferred sales charge options (DSC/LL/LL2) will not be available for new purchases as of the close of business on May 31, 2022.

^† ETF (NAV) inception date is 19-May-2023 and ETF (Market price) inception date is 25-May-2023.

Commissions, fees and expenses may be associated with investment funds. Read a fund’s prospectus or offering memorandum and speak to an advisor before investing. Funds are not guaranteed, their values change frequently and investors may experience a gain or loss. Past performance may not be repeated.

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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.

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Fidelity Canadian Large Cap Fund

Why invest in this fund?

Calendar returns (%) 31-Aug-2026

Standard period returns (%) 31-Aug-2026

Risk measures (%) 31-Jul-2026

Risk classification

Allocation

Asset mix (%)

Country mix (%)

Sector mix (%)

Top ten holdings

Portfolio managers

Daniel Dupont Portfolio manager May 25, 2023

Fund information

Fidelity Active ETFs

Feature sheet

Feature sheet (Traditional Chinese version)

Feature sheet (Simplified Chinese version)

Discover the complete ETF and ETF Mutual Fund lineup