Fidelity Global Monthly High Income ETF (FCGI.TO)

The primary objective of this exchange-traded fund (ETF) is to deliver a consistent income stream while also pursuing opportunities for capital appreciation. It achieves this by predominantly allocating its assets to various underlying Fidelity funds, which in turn invest globally across a wide range of equity and fixed income instruments. The strategy typically targets a 60% exposure to equities and 40% to fixed income; however, the sub-advisor retains the flexibility to adjust this weighting by as much as 20% in either direction. This dynamic rebalancing adapts the portfolio to prevailing market conditions, aiming to optimize potential returns, and is informed by an assessment of macroeconomic trends, corporate financial health, market pricing, and general investor sentiment. Furthermore, at the discretion of…