Key stats
About FIDELITY GLOBAL CORE PLUS ETF UNITS SER L CAD
Expense ratio
0.56%
Home page
Inception date
Sep 20, 2019
The fund casts a very wide net with its investment objective by investing in 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 70% 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 20% of the fund.
Classification
What's in the fund
Exposure type
Government
Mutual fund
Corporate
Stocks0.24%
Energy Minerals0.10%
Communications0.06%
Utilities0.05%
Finance0.03%
Bonds, Cash & Other99.76%
Government56.67%
Mutual fund21.22%
Corporate16.75%
Cash2.62%
Loans0.94%
Securitized0.84%
Municipal0.61%
Miscellaneous0.11%
Rights & Warrants0.00%