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
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Retail Trade
Stocks99.94%
Finance28.69%
Non-Energy Minerals23.57%
Retail Trade15.32%
Utilities8.80%
Industrial Services6.41%
Energy Minerals4.50%
Health Services3.92%
Consumer Non-Durables2.80%
Commercial Services2.15%
Technology Services1.83%
Transportation1.38%
Electronic Technology0.33%
Producer Manufacturing0.25%
Bonds, Cash & Other0.06%
Cash0.06%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FCCM invests in stocks. The fund's major sectors are Finance, with 28.69% stocks, and Non-Energy Minerals, with 23.57% of the basket. The assets are mostly located in the North America region.
FCCM top holdings are Royal Bank of Canada and Agnico Eagle Mines Limited, occupying 5.60% and 4.24% of the portfolio correspondingly.
FCCM last dividends amounted to 0.12 CAD. The year before, the issuer paid 0.14 CAD in dividends, which shows a 15.89% decrease.
FCCM assets under management is 626.19 M CAD. It's risen 13.71% over the last month.
FCCM fund flows account for 348.93 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.
Yes, FCCM pays dividends to its holders with the dividend yield of 1.22%. The last dividend (Dec 31, 2024) amounted to 0.12 CAD. The dividends are paid annually.
FCCM shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Jun 5, 2020, and its management style is Passive.
FCCM expense ratio is 0.42% meaning you'd have to pay 0.42% of your investment to help manage the fund.
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.
FCCM invests in stocks.
FCCM price has risen by 2.66% over the last month, and its yearly performance shows a 34.71% increase. See more dynamics on FCCM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.10% over the last month, showed a 14.18% increase in three-month performance and has increased by 36.49% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.10% over the last month, showed a 14.18% increase in three-month performance and has increased by 36.49% in a year.
FCCM trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.