Key stats
About Fidelity Global Investment Grade Bond ETF Series L Trust Units
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Inception date
Jun 5, 2020
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Fidelity Investments Canada ULC
ISIN
CA31624P1053
The fund casts a very wide net with its investment objective by holding a variety of fixed income securities with varying maturities, which include global investment grade debt securities, high yield securities and floating rate debt. The fund limits allocations to non-investment grade securities to 25% of the funds value. A top-down perspective and bottom up approach is used for security selection, while also considering economic factors that shape the fixed income markets. When buying and selling securities for the fund, factors such as securitys features and estimated long term value, credit quality, fundamental strength, and short-term trading opportunities from market inefficiencies are also used. Foreign currency exposure is limited to 10% of the fund.
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Classification
What's in the fund
Exposure type
Government
Corporate
Mutual fund
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FCIG trades at 21.63 CAD today, its price has risen 0.37% in the past 24 hours. Track more dynamics on FCIG price chart.
FCIG net asset value is 21.62 today — it's risen 1.74% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FCIG assets under management is 191.76 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FCIG price has risen by 1.12% over the last month, and its yearly performance shows a −2.70% decrease. See more dynamics on FCIG price chart.
NAV returns, another gauge of an ETF dynamics, showed a 3.23% increase in three-month performance and has increased by 1.42% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 3.23% increase in three-month performance and has increased by 1.42% in a year.
FCIG fund flows account for −15.92 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FCIG invests in bonds. See more details in our Analysis section.
FCIG expense ratio is 0.57%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FCIG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FCIG technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FCIG shows the buy signal. See more of FCIG technicals for a more comprehensive analysis.
Today, FCIG technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FCIG shows the buy signal. See more of FCIG technicals for a more comprehensive analysis.
Yes, FCIG pays dividends to its holders with the dividend yield of 3.89%.
FCIG trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FCIG shares are issued by FMR LLC
FCIG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 5, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.