TORONTO, Jan. 27, 2021 /CNW/ - Fidelity Investments Canada
ULC announced today that it is temporarily waiving a portion of the
management fees on several of its ETFs and mutual funds
(collectively, "Fidelity Funds"). The management fee waivers for
these funds, as listed below, will be effective on or around
February 8, 2021.
The ETFs and mutual funds affected by the temporary waivers are
as follows:
|
ETF
|
Ticker
|
Current
Management
Fees
|
New
Management
Fee After
Waiver
|
|
Fidelity Canadian
Monthly High Income ETF
|
FCMI
|
0.50%
|
0.40%
|
|
Fidelity Canadian
Momentum Index ETF
|
FCCM
|
0.35%
|
0.10%
|
|
Fidelity Canadian
Value Index ETF
|
FCCV
|
0.35%
|
0.10%
|
|
Fidelity Global
Monthly High Income ETF
|
FCGI
|
0.55%
|
0.45%
|
|
Fidelity
International Momentum Index ETF
|
FCIM
|
0.45%
|
0.20%
|
|
Fidelity U.S.
Momentum Currency Neutral Index ETF
|
FCMH
|
0.38%
|
0.10%
|
|
Fidelity U.S.
Momentum Index ETF
|
FCMO
|
0.35%
|
0.10%
|
|
Fidelity U.S Value
Currency Neutral Index ETF
|
FCVH
|
0.38%
|
0.10%
|
|
Fidelity U.S. Value
Index ETF
|
FCUV
|
0.35%
|
0.10%
|
|
Mutual
Fund
|
Series
|
Current
Management
Fees
|
New
Management
Fee After
Waiver
|
|
Fidelity Canadian
Monthly High Income ETF Fund
|
B
|
1.50%
|
1.40%
|
|
Fidelity Canadian
Monthly High Income ETF Fund
|
F
|
0.50%
|
0.40%
|
|
Fidelity Global
Monthly High Income ETF Fund
|
B
|
1.55%
|
1.45%
|
|
Fidelity Global
Monthly High Income ETF Fund
|
F
|
0.55%
|
0.45%
|
The above waivers will result in a reduction in the management
expense ratios ("MER") of the Fidelity Funds going forward. Such
waivers may terminate at any time without notice, at Fidelity's
sole discretion.
Additional information about the Fidelity Funds, including the
prospectus and Fund Facts and ETF Facts, can be found at
www.fidelity.ca.
Investors are encouraged to speak with their financial advisor
about these changes and to review their options. For account
information, Fidelity's client services team can be reached
between 8 a.m. and 8 p.m. EDT at
1-800-263-4077 (toll-free).
About Fidelity Investments Canada ULC
At Fidelity,
our mission is to build a better future for Canadian investors and
help them stay ahead. We offer investors and institutions a range
of innovative and trusted investment portfolios to help them reach
their financial and life goals.
As a privately-owned company, our people and world class
resources are committed to doing what is right for investors and
their long-term success. Our clients have entrusted us with
$176 billion in assets under
management (as at January 18, 2021)
and they include individuals, financial advisors, pension plans,
endowments, foundations and more.
We are proud to provide investors a full range of investment
solutions through mutual funds and exchange-traded funds, including
domestic, international and global equity, income-oriented
strategies, asset allocation solutions, managed portfolios,
sustainable investing and our high net worth program. Fidelity
Funds are available through a number of advice-based distribution
channels including financial planners, investment dealers, banks,
and insurance companies.
Read a fund's prospectus and consult your financial advisor
before investing. Exchange-traded funds are not guaranteed; their
values change frequently and past performance may not be repeated.
Commissions, management fees, brokerage fees and expenses may all
be associated with investments in exchange-traded funds and
investors and may experience a gain or loss.
Find us on social media @FidelityCanada
SOURCE Fidelity Investments Canada ULC
