Fidelity Systematic Canadian Bond Index ETF (FCCB)
Important Information
WOWA.ca is an independent information website. We are not affiliated with Fidelity or Fidelity Systematic Canadian Bond Index ETF. This page is for general information only and is not investment advice, an offer or a solicitation. Past returns don’t guarantee future results.
- Investment focus:Canadian investment-grade bonds with a corporate tilt
- Category:Canadian diversified bonds
- Management style:Index (passive)
- Managed by:Fidelity
- Market data as of:October 30, 2026
With C$4.93 billion in assets, FCCB is the 5th largest of the 42 bond ETFs WOWA tracks. Its management expense ratio (MER) is 0.28%, and over the past 12 months it paid out 3.73% of its unit price in distributions.
Jump to section: Overview • Index • Performance • Distributions • Risks • Fit • Ranking • Compare
AUM
C$4.93B
as of Oct 30, 2026
MER
0.28%
annual cost
Trailing yield
3.73%
past 12 months
5-year return
1.01%
annualized
About FCCB
Fidelity Systematic Canadian Bond Index ETF (FCCB) is a bond ETF from Fidelity, launched on September 20, 2019. It tracks a Fidelity index of Canadian-dollar investment-grade bonds that tilts away from short Government of Canada bonds and toward corporate debt, while keeping duration close to the broad market.
What FCCB tracks
| Fund detail | Value |
|---|---|
| Index | Fidelity Canada Systematic Canadian Bond Index |
| Rebalancing | Monthly, following the index |
Fidelity built this index from investment-grade, fixed-rate bonds in Canadian dollars. Government issues need at least C$1 billion outstanding and other bonds C$100 million. Treasury bills, real-return bonds and strip bonds are left out. The twist is in the weighting. The index holds less in federal bonds that mature within ten years and more in corporate bonds, while keeping its overall sensitivity to interest rates close to the broad market’s.
FCCB fund facts
ETF data as of October 30, 2026
Updated weekly| Fund detail | Value |
|---|---|
| Fund basics | |
| Ticker | FCCB |
| Provider | Fidelity |
| Inception date | September 20, 2019 |
| Legal structure | Mutual fund trust |
| Management style | Index (passive) |
| Portfolio | |
| Bond market | Canada |
| Bond sector | Aggregate |
| Maturity segment | Broad |
| Credit mandate | Investment grade |
| Currency treatment | Canadian-dollar bonds |
| Strategy type | Corporate tilt |
| Number of holdings | 1,102 (as of July 31, 2026) |
| Costs and distributions | |
| Management fee | 0.25% |
| MER | 0.28% |
| Distribution frequency | Monthly |
| Trailing distribution yield | 3.73% |
| Risk rating (issuer) | Low |
| Size and trading | |
| Assets under management | C$4.93 billion (as of October 30, 2026) |
| Average daily volume | 93,241 units a day (listing exchange) |
FCCB performance
ETF data as of October 30, 2026
Updated weekly| Period | FCCB | Canadian diversified median |
|---|---|---|
| 1 year | -0.25% | -0.41% |
| 3 years, annualized | 5.49% | 4.86% |
| 5 years, annualized | 1.01% | 0.70% |
| 10 years, annualized | N/A | 1.44% |
Total returns with distributions reinvested, in CAD, as of October 30, 2026. Category median: the middle value among the funds in the Canadian diversified group with a return for that period (14 funds for one year, 13 for three and five years, 8 for ten years). N/A: no complete return record for the period. Past performance does not predict future results.
$10,000 invested in FCCB five years ago would be worth about $10,500 as of October 30, 2026, with distributions reinvested and before taxes and trading costs.
Risk and return measures
ETF data as of October 30, 2026
Updated weekly| Measure | 3 years | 5 years | 10 years |
|---|---|---|---|
| Volatility | 5.13% | 6.09% | N/A |
| Sharpe ratio | 0.43 | -0.32 | N/A |
Volatility shows how much monthly returns have swung, as a yearly percentage. The Sharpe ratio compares the return above 3-month Government of Canada T-bills with that volatility. Higher means more return for each unit of risk, and below 0 means the fund earned less than T-bills.
FCCB distributions
FCCB pays distributions monthly. Over the 12 months to October 30, 2026, it paid 3.73% of its unit price, its trailing distribution yield. Amounts can change from one payment to the next.
What FCCB’s 2025 distributions were made of
| Component | Share of total |
|---|---|
| Total distribution per unit | $0.8056 |
| Interest and other income | 96.30% |
| Foreign income | 3.70% |
- Interest and other income is taxed like employment income in a non-registered account.
- Foreign income is also taxed as regular income. For funds that hold foreign bonds, it is mostly interest from those bonds.
Inside a TFSA or RRSP, the type of income does not change your tax. Our guide to registered and non-registered accounts explains the trade-offs.
2025 tax-year breakdown reported for the fund. Shares of the total distribution per unit.
Risks to know
Fidelity rates FCCB’s risk as low on the standard Canadian fund scale, which runs from low to high. The rating reflects how much the fund’s returns have varied, not the chance that a borrower defaults.
The corporate tilt adds credit risk compared with a standard Canadian bond index. Prices still fall when interest rates rise.
- Credit: It holds mostly government and investment-grade company debt, so default risk is low.
Is FCCB a good fit?
| Good fit if you | Think twice if you |
|---|---|
| want a broad Canadian bond fund that leans toward corporate debt for a little more income. | care most about cost: its 0.28% MER is above the Canadian diversified median of 0.10%. |
| want regular income with steadier prices than stocks. | may need the money within a year or two: its price can fall noticeably when yields rise. |
| need a set amount back on a set date: a bond ETF has no maturity date, unlike a GIC. |
General pointers based on the fund’s category, structure and costs, not personal advice.
How FCCB ranks
By assets
5th
of 42 bond ETFs
By lowest MER
28th (tied)
of 42 bond ETFs
By 5-year return
4th
of 13 Canadian diversified bond ETFs
FCCB ranks 5th by assets among the 42 bond ETFs WOWA monitors, 28th (tied) by lowest MER, and 4th of 13 by five-year return in the Canadian diversified group, as of October 30, 2026. See the full list of Canadian bond ETFs.
Compare FCCB with similar bond ETFs
FCCB is in the Canadian diversified group on our Best Canadian Bond ETFs page. These are the largest other funds in that group.
ETF data as of October 30, 2026
Updated weekly| Ticker | Exposure and strategy | 5-year return | MER | Trailing yield | AUM (CAD B) |
|---|---|---|---|---|---|
| FCCB | Canadian investment-grade bonds with a corporate tilt | 1.01% | 0.28% | 3.73% | 4.93 |
| ZAG | Canadian investment-grade government and corporate bonds | 0.64% | 0.09% | 3.45% | 13.24 |
| XBB | Canadian investment-grade government and corporate bonds | 0.70% | 0.10% | 3.52% | 10.94 |
| VAB | Canadian investment-grade government and corporate bonds | 0.66% | 0.08% | 3.42% | 7.76 |
| XSB | Short-term Canadian investment-grade bonds | 2.32% | 0.10% | 3.11% | 4.54 |
See all 14 funds in this group.
Other bond ETFs from Fidelity
| Fund | Investment focus | AUM |
|---|---|---|
| Fidelity Global Core Plus Bond ETF (FCGB) | Global bonds with a core of US Treasuries, hedged to CAD · active | C$1.55B |
How to buy FCCB
You can buy FCCB through any Canadian brokerage account, including a TFSA, RRSP or FHSA, by searching for its ticker. When comparing Canadian trading platforms, look at commissions, account fees and currency-conversion costs.
Before you place the order, check the bid-ask spread and consider a limit order, which caps the price you pay but may not fill. If this is your first account, our brokerage account guide walks you through opening one. Buying inside a TFSA? Our guide to the best TFSA investment options covers the other choices for that account.
If you’re from Fidelity and would like to add or update information on this page, please contact us.
Returns, volatility, Sharpe ratios, trailing yield and trading volume: WOWA calculations from Yahoo Finance prices adjusted for distributions, as of October 30, 2026. Assets under management: as of October 30, 2026. Fees, risk rating and inception date: Fidelity fund documents. Distribution breakdown: 2025 tax year. Fund page: Fidelity Systematic Canadian Bond Index ETF.
Disclaimer: This page is for general information only and is not investment advice. WOWA does not recommend any specific fund. Figures come from issuer and third-party sources, may contain errors and can change after publication, so check the fund’s own documents before you invest.