Description

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 the sub-advisor, the fund has the option to: utilize derivative instruments for both risk management and speculative purposes; allocate up to 10% of its holdings to physical commodities, including precious metals, through commodity ETFs and derivatives; and mitigate some or all of its exposure to foreign currency fluctuations.