Fund code: 6774

  • NAV $8.77 -$0.00 / -0.05%
    21-Jun-2024
  • Inception 25-Sep-2019
  • Benchmark Fidelity Canada Systematic Canadian Bond Index
  • Aggregate assets
    (all series)
    $39.0M
    31-May-2024
  • MER 0.95%
    30-Sep-2023
  • Distributions
  • Trailing 12 month yield 3.40%
    31-May-2024
  • Yield To Worst 5.00%
    30-Apr-2024
  • Duration 7.1 years
    30-Apr-2024
  • Morningstar category Canadian Fixed Income
  • Also available through ETF CDN$
  • 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 -1.24 6.90 -12.50 -3.60 7.11

Standard period returns (%) 31-May-2024

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund 1.82 0.36 2.49 3.10 -2.11 -1.29

Why invest in this fund?

  • Increased yield potential relative to the broad bond universe due to increased corporate exposure.
  • Leverages Fidelity’s expertise in fixed-income investing and quantitative research.
  • Effective balance of both interest rate and credit risk.

Risk measures (%) 31-May-2024

Fund
Annualized standard deviation 7.12
Beta 1.04
0.99

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 14.7 13.6 13.6
AA 29.7 29.3 29.4
A 14.6 15.2 15.1
BBB 38.9 40.3 40.5
BB 0.5 - -
Cash & Net Other Assets 1.7 1.6 1.2
Not Rated/Not Available - 0.1 0.1

Top five issuers

  1. Province of Ontario
  2. Government of Canada
  3. Province of Quebec
  4. Bell Canada
  5. Telus
Total number of issuers 150
Aggregate of top issuers 36.0%
  1. Province of Ontario
  2. Government of Canada
  3. Province of Quebec
  4. Bell Canada
  5. Rogers Communications
Total number of issuers 147
Aggregate of top issuers 36.1%
  1. Province of Ontario
  2. Government of Canada
  3. Province of Quebec
  4. Bell Canada
  5. Bank of Nova Scotia
Total number of issuers 146
Aggregate of top issuers 36.7%
  1. Province of Ontario
  2. Government of Canada
  3. Province of Quebec
  4. Bell Canada
  5. Bank of Nova Scotia
Total number of issuers 144
Aggregate of top issuers 37.2%
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