Fund code: 6771

  • NAV
    $9.62 -$0.01 / -0.12%
    24-Mar-2023
  • Inception 25-Sep-2019
  • Benchmark FTSE Canada Short Term Corporate Bond 5% Capped Index
  • Aggregate assets
    (all series)
    $84.4M
    28-Feb-2023
  • MER 1.09%
    30-Sep-2022
  • Distributions
  • Trailing 12 month yield 1.61%
    28-Feb-2023
  • Yield To Worst 5.14%
    31-Jan-2023
  • Duration 2.5 years
    31-Jan-2023
  • Morningstar category Canadian Short Term Fixed Income
  • Also available through: ETF CDN$
  • 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 (%) 28-Feb-2023

YTD 2023 2022 2021 2020
Fund 1.05 -5.16 -1.39 4.89

Standard period returns (%) 28-Feb-2023

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund -0.54 1.08 1.49 -2.90 -0.74 -0.27

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 (%) 28-Feb-2023

Fund
Annualized standard deviation 6.32
Beta 1.63
0.75

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 (%)

31-Jan-2023

Country mix (%)

31-Jan-2023

Credit quality (%)

31-Jan-2023
12 months ago Last month Current month
AAA 6.5 6.5 6.6
AA 7.5 10.8 9.9
A 29.3 29.6 30.6
BBB 47.4 43.4 45.1
BB 3.2 3.1 3.3
Cash & Net Other Assets 1.3 1.4 1.1
Not Rated/Not Available 4.8 5.2 3.4

Top five issuers

  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 87
Aggregate of top issuers 29.9%
  1. Royal Bank of Canada
  2. Bank of Nova Scotia
  3. Canadian Imperial Bank of Commerce
  4. Toronto-Dominion Bank
  5. Bank of Montreal
Total number of issuers 87
Aggregate of top issuers 28.3%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Canadian Imperial Bank of Commerce
  4. Bank of Nova Scotia
  5. National Bank of Canada
Total number of issuers 87
Aggregate of top issuers 25.4%
  1. Royal Bank of Canada
  2. Bank of Nova Scotia
  3. Canadian Imperial Bank of Commerce
  4. Toronto-Dominion Bank
  5. Bank of Montreal
Total number of issuers 91
Aggregate of top issuers 22.9%
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