Fund code: 6771

  • NAV $9.73 -$0.04 / -0.44%
    28-Mar-2024
  • Inception 25-Sep-2019
  • Benchmark FTSE Canada Short Term Corporate Bond 5% Capped Index
  • Aggregate assets
    (all series)
    $85.9M
    29-Feb-2024
  • MER 1.11%
    30-Sep-2023
  • Distributions
  • Trailing 12 month yield 2.78%
    29-Feb-2024
  • Yield To Worst 5.08%
    31-Jan-2024
  • Duration 2.6 years
    31-Jan-2024
  • Morningstar category Canadian Short Term Fixed Income
  • Also available through ETF CDN$
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End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 29-Feb-2024

YTD 2024 2023 2022 2021 2020
Fund 0.42 6.06 -5.16 -1.39 4.89

Standard period returns (%) 29-Feb-2024

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund 0.41 1.89 4.59 5.39 0.02 0.98

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 (%) 29-Feb-2024

Fund
Annualized standard deviation 2.94
Beta 0.94
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-Jan-2024

Country mix (%)

31-Jan-2024

Credit quality (%)

31-Jan-2024
12 months ago Last month Current month
AAA 6.6 5.7 4.4
AA 9.9 13.3 13.7
A 30.6 30.6 30.0
BBB 45.1 40.4 41.8
BB 3.3 1.8 1.7
Cash & Net Other Assets 1.1 1.1 1.1
Not Rated/Not Available 3.4 7.1 7.4

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 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%
  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 85
Aggregate of top issuers 29.7%
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