Fidelity Investments Canada announces fee reductions and risk rating changes

TORONTO, Nov. 5, 2026 /CNW/ — Fidelity Investments Canada ULC (Fidelity) today announced fee reductions on several money market products, effective December 1, 2026. 

The management fees (in basis points) of the following products and series will be reduced as follows:

 *Not all funds have all series offered

Fidelity has a track record of regularly reviewing fees to deliver value for investors as they work towards their financial goals while navigating market volatility.

As a result of the fee reductions, management fee distributions as part of the Fidelity Preferred Program related to Fidelity Canadian Money Market Fund, Fidelity U.S. Money Market Fund, and Fidelity Canadian Short Term Income Class will be reduced to 0. The assets invested in these products will continue to count towards the investor’s total asset level for eligibility of other Fidelity Funds in the Fidelity Preferred Program. Fee distributions on pool holdings for Fidelity Premium Money Market Private Pool will be reduced to 0. The assets invested in the Pool will continue to count towards total Pool assets in a Pool financial group.

Fidelity is also announcing risk rating changes to the following funds (the “Funds”), effective January 7, 2027. The Funds’ portfolio manager, investment objectives and strategies remain unchanged. The fund facts will be amended to reflect the risk rating changes.

Over the past decade, U.S. equity markets have broadly experienced significant periods of volatility driven by a range of factors, including global trade tensions, the COVID-19 pandemic, inflation concerns, interest rates and other events.

The change in the risk rating reflects this volatility and is consistent with regulatory requirements and the Canadian Securities Administrators’ (CSA) risk classification methodology. Under the CSA methodology, funds with a 10-year standard deviation above 16% are classified as medium-to-high risk.

Despite the higher volatility, Fidelity U.S. Focused Stock Fund has delivered strong long-term performance. Over the past 10 years, it has returned 18.4%, outperforming the S&P 500 by 2.2% (net of Series F fees, as of September 30, 2026, in Canadian dollars). The Fund also has a 5-star Morningstar rating and has outperformed 97% of its category peers over 10 years. As the Class invests in the mutual fund trust, the return profiles of Fidelity U.S. Focused Stock Fund and Fidelity U.S. Focused Stock Class are substantially similar.

Historical performance track record (%)

Source: Fidelity Investments Canada ULC and Morningstar. Performance shows annual compounded returns as at September 30, 2026, for Series F, net of fees, in Canadian dollars; periods greater than 1-year have been annualized. Past performance is not a guarantee of future results. Percentage of peers beaten is a standardized percentile ranking method used for showing how a particular return compares with all other returns in a defined peer group, by ranking the range of returns from 1 to 100. The higher the percentile, the higher the rank is of the individual return among all the returns in the peer group. The ranking is subject to change every month. The Morningstar category and number of investments ranked in each category for the standard periods for Fidelity U.S. Focused Stock Fund: Canadian US Equity category; year-to-date, 1,194 funds; one-year, 1,173 funds; three-year, 1,065 funds; five-year, 964 funds; 10-year, 698 funds. The number of stars ranked in each standard period for Fidelity U.S. Focused Stock Fund – Series F: overall, five stars; three year, four stars; five year, four stars; ten year, five stars

Investors are encouraged to speak with their financial advisors about these changes and to review their options, if necessary. For account information, Fidelity’s client services team can be reached between 8 a.m. and 8 p.m. EDT at 1-800-263-4077 (toll-free).

About Fidelity Investments Canada ULC

At Fidelity Investments Canada, our mission is to build a better future for our clients. Our diversified business serves financial advisors, wealth management firms, employers, institutions and individuals. As the marketplace evolves, we are constantly innovating and offering our clients choice of investment and wealth management products, services and technological solutions all backed by the global strength and scale of Fidelity. With assets under management of $430 billion (as at October 16, 2026), Fidelity Investments Canada is privately held and committed to helping our diverse clients meet their goals over the long term. Fidelity funds are available through financial advisors and online trading platforms.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund’s or ETF’s prospectus, which contains detailed investment information, before investing. 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.

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SOURCE Fidelity Investments Canada ULC