• NAV $11.61 29-Jan-2026
  • -$0.13 / -1.10% Daily NAV change
  • 2.22% YTD return
  • MARKET PRICE 29-Jan-2026
  • $11.66   
  • Inception 16-May-2024
  • Aggregate assets
    (all series)     $8.872B
    31-Dec-2025
  • Units outstanding 3,950,000
    29-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

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Start NAV

$10.0000

End NAV

$10.4031
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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 (%)

31-Dec-2025

Country mix (%)

31-Dec-2025

Sector mix (%)

31-Dec-2025
12 months ago Last month Current month
Sovereign 19.0 21.1 21.0
Technology & Electronics 14.8 18.4 19.0
Health Care - 8.6 10.4
Energy 9.1 11.4 8.1
Capital Goods 5.6 3.2 4.0
Retail 6.3 3.9 3.9
Telecom. - 3.5 3.8
Consumer Goods 3.9 3.6 3.7
Utility - 5.6 3.6
Media 4.1 3.5 3.4
Financial Services 4.7 - -
Basic Industry 4.7 - -
Transportation 3.9 - -

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%
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