Fund code: 6771

  • NAV $10.00 $0.02 / 0.19%
    11-Oct-2024
  • Inception 25-Sep-2019
  • Benchmark FTSE Canada Short Term Corporate Bond 5% Capped Index
  • Aggregate assets
    (all series)
    $96.5M
    30-Sep-2024
  • MER 1.11%
    31-Mar-2024
  • Distributions
  • Trailing 12 month yield 3.00%
    30-Sep-2024
  • Yield To Worst 4.33%
    31-Aug-2024
  • Duration 2.7 years
    31-Aug-2024
  • Morningstar category Canadian Short Term Fixed Income
  • Also available through ETF CDN$
  • 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 (%) 30-Sep-2024

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

Standard period returns (%) 30-Sep-2024

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception
Fund 1.87 3.94 5.10 10.88 1.97 2.06 1.97

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 (%) 30-Sep-2024

Fund
Annualized standard deviation 3.31
Beta 0.96
0.96

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-Aug-2024

Country mix (%)

31-Aug-2024

Credit quality (%)

31-Aug-2024
12 months ago Last month Current month
AAA 9.2 3.7 3.9
AA 11.5 11.9 11.8
A 31.7 30.3 30.7
BBB 37.0 41.8 42.1
BB 4.1 2.6 2.6
Cash & Net Other Assets 1.4 1.3 1.3
Not Rated/Not Available 5.1 8.3 7.7

Top five issuers

  1. Royal Bank of Canada
  2. Bank of Montreal
  3. Toronto-Dominion Bank
  4. Canadian Imperial Bank of Commerce
  5. Bank of Nova Scotia
Total number of issuers 99
Aggregate of top issuers 26.8%
  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 96
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%
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