FIDELITY CANADIAN MOMENTUM ETFFIDELITY CANADIAN MOMENTUM ETFFIDELITY CANADIAN MOMENTUM ETF

FIDELITY CANADIAN MOMENTUM ETF

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Key stats


Assets under management (AUM)
‪186.32 M‬CAD
Fund flows (1Y)
‪118.85 M‬CAD
Dividend yield (indicated)
1.22%
Discount/Premium to NAV
−0.03%

About FIDELITY CANADIAN MOMENTUM ETF


Issuer
FMR LLC
Brand
Fidelity
Expense ratio
0.42%
Home page
Inception date
Jun 5, 2020
Index tracked
Fidelity Canada Canadian Momentum Index - CAD
Management style
Passive
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


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Momentum
Weighting scheme
Momentum
Selection criteria
Momentum

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of September 30, 2024
Exposure type
StocksBonds, Cash & Other
Finance
Retail Trade
Technology Services
Stocks99.88%
Finance43.29%
Retail Trade15.02%
Technology Services13.50%
Non-Energy Minerals7.12%
Energy Minerals6.09%
Transportation4.88%
Consumer Services3.05%
Industrial Services2.44%
Health Services1.90%
Electronic Technology1.38%
Process Industries1.21%
Bonds, Cash & Other0.12%
Cash0.12%
Stock breakdown by region
100%
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