Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund or ETF’s prospectus, which contains detailed investment information, before investing. The indicated rates of return are historical annual compounded total returns for the period indicated including changes in unit value and reinvestment of distributions. The indicated rates of return do not take into account sales, redemption, distribution or option charges or income taxes payable by any unitholder that would have reduced returns. The compound growth rate chart is used to illustrate the effects of the compound growth rate and is not intended to reflect future values of the fund or returns on investment in any fund. Mutual funds and ETFs are not guaranteed. Their values change frequently, and investors may experience a gain or a loss. Past performance may not be repeated.
Investors who buy ETFs through a registered dealer may be subject to trading fees or account fees and may pay their dealer an account fee for financial advice services in addition to ETF management fees and expenses charged by Fidelity. ETFs are traded on stock exchanges. In the event of a disruption or a halt in trading of the ETF on a stock exchange or marketplace on which the ETF is traded, the ******trading price of the ETF may be affected. As a result, the disruption or halting of such trading may cause a performance variance between the ETF market price and the NAV because the ETF may trade in the market at a premium or discount to the NAV per unit. There can be no assurance that the ETF’s trading price will behave similar to their NAV per unit. The trading price of the ETF will fluctuate in accordance with changes in a fund’s NAV, as well as market supply and demand on the exchange or marketplace on which the ETF is traded. As such, the performance between the ETF market price and the NAV of the ETF may vary.
The ETFs were chosen for comparison because they closely align from an investment objectives, investment strategies and asset mix perspective. Specifically, the ETFs employ a similar strategic asset allocation approach by using other ETFs in a fund- of- fund structure to achieve their strategic asset allocations. Additionally, the ETFs compared share the same Canadian Investment Funds Standards Committee category – FEQT, VEQT, XEQT, and ZEQT are all in the Global Equity category.
All-Equity Portfolios Comparisons
The Fidelity All-in-One Equity ETF (FEQT) aims to achieve capital growth through total returns by using a strategic asset allocation approach. It invests primarily in underlying Fidelity ETFs that provide exposure to a diversified portfolio of global equity securities. In order to achieve its investment objective, the ETF follows a neutral mix guideline of approximately 97% global equity securities and approximately 3% cryptocurrencies. Cryptocurrencies. Additionally, if the portfolio deviates from its neutral mix by greater than 5% between annual rebalances, the portfolio will also be rebalanced. In the case of the Fidelity ETF’s allocation to cryptocurrency, if the portfolio weight exceeds twice its neutral weight, the allocation will be brought back to its neutral weight with any proceeds being reallocated to the other Underlying Fidelity ETF’s at their approximate strategic allocations. The ETF has a risk rating of medium. The MER of this ETF is 0.43% (As of September 30, 2024).
The Vanguard All-Equity ETF Portfolio (VEQT) seeks to provide long-term capital growth by investing primarily in equity securities. The Vanguard ETF may do so either directly or indirectly through investment in one or more Underlying Funds. In seeking to achieve the investment objective (under normal market conditions), the sub-advisor will strive to maintain a long-term strategic asset allocation of 100% equity securities. The portfolio asset mix may be reconstituted and rebalanced from time to time at the discretion of the Sub-advisor. The ETF has a risk rating of medium. The MER of this ETF is 0.24% (As of September 30, 2024).
The iShares Core Equity ETF Portfolio (XEQT) seeks to provide long-term capital growth by investing primarily in one or more iShares ETFs that provide exposure to equity securities. The iShares ETFs in which XEQT invests are generally expected to employ indexing strategies that provide exposure to broad-based equity markets. XEQT is managed in accordance with a long-term strategic asset allocation of approximately 100% equity exposure. The current target weight for each asset class within such equity exposure is 25% Canadian equities, 45% U.S. equities, 25% International developed market equities, and 5% Emerging market equities. XEQT’s portfolio will be monitored relative to the asset class target weights and will be rebalanced back to asset class target weights from time to time at the discretion of the advisor. Generally, XEQT’s portfolio is not expected to deviate from the asset class target weights by more than one-tenth of the target weight for a given asset class. The ETF has a risk rating of medium. The MER of this ETF is 0.20% (As of December 31, 2024).
The BMO All-Equity ETF (ZEQT) seeks to provide the potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity securities. The ETF will employ a strategic asset allocation strategy and is expected to primarily invest in equity securities through investing in other BMO ETFs. The ETF has a risk rating of medium. The MER of this ETF is 0.20% (As of December 31, 2024).
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