TORONTO, May 12, 2022 /CNW/ - Fidelity Investments Canada ULC today announced the following terminations effective August 19, 2022 (the "Termination Date").

Fidelity Investments Canada ULC Logo (CNW Group/Fidelity Investments Canada ULC)

Terminating funds (hereafter referred to as the "Funds"):

Fidelity Systematic U.S. High Yield Bond ETF (Ticker: FCHY)

Fidelity Systematic U.S. High Yield Bond ETF Fund

Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF (Ticker: FCHH)

Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF Fund

As part of its normal course of business, Fidelity regularly reviews its product line-up with a goal of streamlining offerings for investors. The decision to terminate the Funds was part of this process.

Fidelity is committed to providing a seamless transition for investors in the Funds.

Prior to the Termination Date, Fidelity Systematic U.S. High Yield Bond ETF and Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF will declare, pay, and automatically reinvest a final distribution to investors in these funds. The final regular monthly distribution will be declared and paid in July 2022. Additionally, Fidelity Systematic U.S. High Yield Bond ETF Fund and Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF Fund will also pay and automatically reinvest a final distribution to its investors.

Investors in the Funds will be sent a notice of termination at least 60 days prior to the Termination Date. Fidelity Systematic U.S. High Yield Bond ETF and Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF are expected to be de-listed from the Toronto Stock Exchange, at Fidelity's request, at the close of business on or about August 19, 2022.

Investors will be able to switch into other Fidelity ETFs and/or mutual funds or redeem their securities prior to the Termination Date, subject to the procedures and requirements set out in the relevant prospectus(es).

Fidelity encourages investors in the Funds to speak with their financial advisors about the Terminations and to review their options. 

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 $189 billion in assets under management (as at May 11, 2022) 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

Copyright 2022 Canada NewsWire

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