Fund code: 6771

  • NAV $9.82 $0.01 / 0.12%
    18-Jun-2024
  • Inception 25-Sep-2019
  • Benchmark FTSE Canada Short Term Corporate Bond 5% Capped Index
  • Aggregate assets
    (all series)
    $96.5M
    31-May-2024
  • MER 1.11%
    30-Sep-2023
  • Distributions
  • Trailing 12 month yield 2.96%
    31-May-2024
  • Yield To Worst 5.28%
    30-Apr-2024
  • Duration 2.7 years
    30-Apr-2024
  • Morningstar category Canadian Short Term Fixed Income
  • Also available through ETF CDN$
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 31-May-2024

YTD 2024 2023 2022 2021 2020
Fund 1.45 6.06 -5.16 -1.39 4.89

Standard period returns (%) 31-May-2024

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund 0.74 1.03 2.94 5.81 0.36 1.15

Why invest in this fund?

  • A diversified portfolio of corporate bonds with typically one to five years to maturity.
  • Less interest rate sensitivity than a more traditional long bond portfolio.
  • Leverages Fidelity’s expertise in fixed-income investing.

Risk measures (%) 31-May-2024

Fund
Annualized standard deviation 2.98
Beta 0.93
0.97

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a low volatility rating

Allocation

Asset mix (%)

30-Apr-2024

Country mix (%)

30-Apr-2024

Credit quality (%)

30-Apr-2024
12 months ago Last month Current month
AAA 5.8 4.0 4.0
AA 9.9 13.2 12.7
A 32.7 31.4 31.7
BBB 41.6 40.4 42.1
BB 4.3 1.2 1.3
Cash & Net Other Assets 1.5 2.6 0.9
Not Rated/Not Available 4.1 7.2 7.3

Top five issuers

  1. Royal Bank of Canada
  2. Canadian Imperial Bank of Commerce
  3. Toronto-Dominion Bank
  4. Bank of Montreal
  5. Bank of Nova Scotia
Total number of issuers 97
Aggregate of top issuers 26.6%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Canadian Imperial Bank of Commerce
  4. Bank of Montreal
  5. Bank of Nova Scotia
Total number of issuers 91
Aggregate of top issuers 27.9%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Canadian Imperial Bank of Commerce
  4. Bank of Montreal
  5. Bank of Nova Scotia
Total number of issuers 89
Aggregate of top issuers 28.9%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Bank of Nova Scotia
  4. Canadian Imperial Bank of Commerce
  5. Bank of Montreal
Total number of issuers 88
Aggregate of top issuers 28.7%
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