Key stats
About FIDELITY CDN SHORT TERM CORP BD ETF UNIT SER L
Expense ratio
0.45%
Home page
Inception date
Sep 20, 2019
ISIN
CA31608N1006
The fund is an actively managed fund that primarily invests in investment grade securities from Canadian corporate issuers in different market sectors and industries. When buying and selling securities for the fund, the adviser considers individual securitys features, price compared to estimated long term value, credit quality of the issuer, and any short-term trading opportunities resulting in market inefficiencies. It is important to note that due to the funds active strategy, final selection for individual securities to be included is still at the discretion of management. Also, the fund aims to select those with an average term to maturity of five years or less. Up to 10% of the fund may be invested in foreign securities.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate94.53%
Securitized4.65%
Cash0.69%
Miscellaneous0.08%
Government0.05%