Fidelity Systematic U.S. High Yield Bond ETF
FCHY.TO
Toronto Stock Exchange- -
CAD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Canada
- IPO Date
- Sep 20, 2019
- Similar Companies
- Business
- Fidelity Systematic U.S. High Yield Bond ETF (FCHY.TO) is an exchange-traded fund incorporated in Canada that seeks to achieve a high level of income with the potential for capital gains by investing primarily in U.S. high yield securities. The fund employs quantitative multi-factor analysis to select high yield bonds rated BB or B by S&P or Ba or B by Moody's, focusing on securities offering attractive risk-adjusted returns; it maintains a portfolio of U.S. corporate high yield bonds, leveraging systematic strategies to optimize yield and manage credit risk. Managed by Fidelity Investments Canada ULC, with approximately C$6.57 million in net assets, an expense ratio of 0.50%, and a current yield of 6.10%, the ETF trades on the Toronto Stock Exchange. Fidelity Investments Canada ULC, headquartered in Toronto, Ontario, and established in 1987 as part of the global Fidelity network founded in 1946, serves as the fund family and investment manager, offering a range of mutual funds, ETFs, and institutional investment products primarily to Canadian investors with exposure to North American and global markets. The firm operates across Canada with regional offices in Montreal, Calgary, and Vancouver, managing over C$210 billion in assets under management as of late 2023. No major strategic changes, such as acquisitions, partnerships, funding rounds, or product relaunches specific to FCHY.TO, have been reported in the last 1-2 years; the ETF continues to operate within Fidelity Canada's expanding lineup of systematic ETFs amid broader firm innovations in fixed income and equity strategies.