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About FIDELITY ABSOLUTE INCOME FUND UNITS ETF SERIES USD
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Inception date
Jan 28, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Fidelity Investments Canada ULC
The fund is actively managed to provide high-yield income and capital gains by investing in a portfolio of fixed income securities. The fund aims to achieve this by using a multi-layered approach which seeks to minimize volatility, drawdowns and credit risk. This fund implements proprietary risk models and quantitative techniques to target a risk profile while a systematic approach is used for security selection and sector allocation. The fund uses derivatives to attempt to achieve a desired risk exposure and/or minimize the exposure to currency fluctuations between developed market foreign currencies (such as the USD) and the CAD.
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
Corporate
Government
Stocks0.11%
Energy Minerals0.11%
Communications0.01%
Bonds, Cash & Other99.89%
Corporate68.87%
Government14.82%
Loans9.65%
Securitized5.24%
Cash0.76%
Miscellaneous0.54%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FCAB.U top holdings are United States Treasury Notes 4.125% 29-FEB-2032 and United States Treasury Notes 4.875% 31-OCT-2030, occupying 2.10% and 1.71% of the portfolio correspondingly.
FCAB.U last dividends amounted to 0.08 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 1.87% increase.
FCAB.U assets under management is 228.96 M USD. It's risen 11.19% over the last month.
FCAB.U fund flows account for 135.33 M USD (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, FCAB.U pays dividends to its holders with the dividend yield of 4.96%. The last dividend (Jul 2, 2025) amounted to 0.08 USD. The dividends are paid monthly.
FCAB.U shares are issued by 483A Bay Street Holdings LP under the brand Fidelity. The ETF was launched on Jan 28, 2025, and its management style is Active.
FCAB.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FCAB.U invests in bonds.
FCAB.U trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.