Fidelity All-Canadian Equity ETF

About Fidelity All-Canadian Equity ETF

This fund-of-funds aims to achieve capital appreciation through an actively managed selection of Fidelity Exchange-Traded Funds (ETFs) focused on Canadian equities. These underlying funds offer comprehensive and diversified exposure across Canada's stock market, encompassing companies of all market capitalizations and a wide range of industries. Notably, the constituent ETFs are permitted to allocate more than 10% of their holdings to additional Fidelity funds, termed 'third-tier' funds. The fund may employ derivatives for various objectives, including risk mitigation (hedging) and other strategic purposes. During periods of market instability, it can temporarily position all or part of its assets in cash or government-backed fixed income securities (from the US or Canadian government and their agencies) to safeguard its capital. The sub-adviser possesses full authority to modify the portfolio's makeup at any time, with rebalancing occurring on an annual basis.