As of August 19, 2022, Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF has gone out of business. Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF is an exchange traded fund launched and managed by Fidelity Investments Canada ULC. The fund is co-managed by Geode Capital Management, LLC and State Street Global Advisors Limited. It invests in fixed income markets of the United States. The fund invests through other funds in high yield securities that are rated BB or B by S&P or Ba or B by Moody’s. It uses derivatives such as forward contracts to hedge against fluctuations between the U.S. and Canadian dollars. The fund employs quantitative analysis to create its portfolio. It seeks to benchmark the performance of its portfolio against the ICE BofA BB-B U.S. High Yield Constrained Index (USD). Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF Fund was formed on August 28, 2019 and is domiciled in Canada.