Fidelity Canadian Value ETF

Fidelity Canadian Value Index ETF (Fund) seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada Canadian Value Index. This Fidelity ETF invests primarily in equity securities of large and mid capitalization Canadian companies that have attractive valuations. In order to achieve its investment objective, the Fund normally invests its assets in the Constituent Securities of the Fidelity Canada Canadian Value Index. Alternatively, this Fidelity ETF may use a sampling methodology to invest in a broadly diversified collection of securities that, in the aggregate, approximates the Index in terms of key characteristics by taking into account such factors as volatility, capitalization, industry exposure, fundamental characteristics and liquidity.