• NAV $11.94 14-Jan-2026
  • $0.05 / 0.42% Daily NAV change
  • 5.15% YTD return
  • MARKET PRICE 14-Jan-2026
  • $11.92   
  • Inception 16-May-2024
  • Aggregate assets
    (all series)     $8.872B
    31-Dec-2025
  • Units outstanding 3,785,000
    14-Jan-2026
  • Management fee 0.75%
  • MER 0.96%
    30-Sep-2025
  • Investment program DRIP
  • Distributions
  • Trailing 12 month yield 2.88%
    31-Dec-2025
  • Benchmark None
  • Exchange Toronto Stock Exchange
  • CUSIP 31642L664
  • Morningstar category Tactical Balanced
  • Get ETF Facts

End investment

Annualized return

Choose a chart type (percentage or dollar)
Choose a predefined chart period
to:

Start NAV

$10.0000

End NAV

$10.4031
Choose a predefined chart period
to:

Why invest in this fund?

  • A diversified income solution that can offer the potential for enhanced yield.
  • Employs active asset allocation to take advantage of market opportunities.
  • Leverages  Fidelity’s global resources and expertise in high-income investing.

Calendar returns (%) 31-Dec-2025

YTD 2025
ETF (NAV) 8.57
ETF (Market price) 8.43

Standard period returns (%) 31-Dec-2025

1 mo 3 mo 6 mo 1 yr Inception†
ETF (NAV) -2.62 -1.69 8.28 8.57 11.12
ETF (Market price) -3.26 -1.59 8.61 8.43 10.17

Risk measures (%) 31-Dec-2025

Fund
Annualized standard deviation 8.88
Beta 1.08
R² 0.75

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-Nov-2025

Country mix (%)

30-Nov-2025

Sector mix (%)

30-Nov-2025
12 months ago Last month Current month
Sovereign 19.4 17.0 21.1
Technology & Electronics 16.6 22.8 18.4
Energy 9.4 13.8 11.4
Health Care - 6.0 8.6
Utility - 6.9 5.6
Retail 5.3 4.0 3.9
Consumer Goods 3.7 2.9 3.6
Media - 3.2 3.5
Telecom. - 3.6 3.5
Capital Goods 5.3 - 3.2
Basic Industry 5.3 3.2 -
Financial Services 5.3 - -
Transportation 3.9 - -
Banking 3.7 - -

Top ten holdings

  1. USTB 1.875% 02/15/51
  2. USTB 1.25% 05/15/50
  3. STRATEGY INC 9%/VAR PERP PFD
  4. STRATEGY INC SER A 10% PERP PF
  5. ECHOSTAR CORP CPIK VAR 11/30
  6. Alphabet, Cl. A
  7. DHT Holdings
  8. INTERNATIONAL SEAWAYS INC
  9. TransAlta Corporation
  10. NOTA DO TESOURO 10% 01/01/27
Total number of holdings 334
Top ten holdings aggregate 39.2%
  1. USTB 1.875% 02/15/51
  2. USTB 1.25% 05/15/50
  3. TransAlta Corporation
  4. Capital Power
  5. DHT Holdings
  6. Nvidia
  7. STRATEGY INC SER A 10% PERP PF
  8. NOTA DO TESOURO 10% 01/01/27
  9. STRATEGY INC 9%/VAR PERP PFD
  10. Alphabet, Cl. A
Total number of holdings 375
Top ten holdings aggregate 32.1%
  1. USTB 1.25% 05/15/50
  2. USTB 1.875% 02/15/51
  3. Nvidia
  4. Microsoft
  5. MICROSTRATEGY CV 0.625% 3/30
  6. Amazon.com
  7. DHT Holdings
  8. Capital Power
  9. TransAlta Corporation
  10. BASS PRO TERM B 1LN 01/23/32
Total number of holdings 348
Top ten holdings aggregate 34.6%
  1. USTB 1.25% 05/15/50
  2. DHT Holdings
  3. USTB 1.875% 02/15/51
  4. Scorpio Tankers
  5. BASS PRO TERM B 1LN 01/23/32
  6. Capital Power
  7. ECHOSTAR CORP 10.75% 11/30/29
  8. X CORP TERM 1LN 10/29/29
  9. TransAlta Corporation
  10. MICROSTRATEGY CV 0.625% 3/30
Total number of holdings 448
Top ten holdings aggregate 23.9%
View all

Portfolio managers