Fidelity Canadian Short Term Corporate Bond ETF

Fidelity Canadian Short Term Corporate Bond ETF Fund (Fund) invests in and seeks a similar return to its underlying fund, Fidelity Canadian Short Term Corporate Bond ETF (Underlying Fund), which is also managed by Fidelity. The Underlying Fund aims to provide a steady flow of income by investing primarily in Canadian fixed income securities, usually with an average term to maturity of five years or less. The Underlying Fund can invest in these securities either directly or indirectly through investments in underlying investment funds. The Underlying Fund invests primarily in investment grade fixed income securities. Assets of the Underlying Fund are allocated among issuers of different market sectors, industries and maturities, based on the view of the relative value of each sector, industry, asset class or maturity.