Key stats
About Fidelity Canadian Momentum ETF Trust Units Series L
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Inception date
Jun 5, 2020
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Fidelity Investments Canada ULC
Identifiers
3
ISIN CA31609W1095
The fund tracks an index of large- and mid-cap companies from Canada with strong momentum signals. The fund uses composite scores to select and weight securities. The indexs construction is an iterative process that combines the composite factor score, size adjustment, selection, and weighting. The composite scores are based on four momentum factors over a period of around one year with equivalent weighting. The composite score is then blended with a size factor to remove size bias. Securities within each sector are selected based on the size-adjusted composite score. Securities in groups with higher momentum characteristics are overweighted. The index is rebalanced quarterly. At each rebalance, the lowest ranked stocks by composite score in the portfolio are removed until a turnover threshold of 15% is reached.
Related funds
Classification
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Retail Trade
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.
FCCM assets under management is 818.75 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.
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.
FCCM invests in stocks. See more details in our Analysis section.
FCCM expense ratio is 0.42%. 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, FCCM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FCCM pays dividends to its holders with the dividend yield of 1.22%.
FCCM shares are issued by FMR LLC
FCCM follows the Fidelity Canada Canadian Momentum Index - CAD. 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 passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.