Fidelity Investments Canada ULC has announced that it will not proceed with the termination of two of its class funds, reversing a previous decision. The funds spared are Fidelity Disruptors Class and Fidelity Disruptive Automation Class, according to a statement released on June 24, 2026.
Background of the Announcement
The initial proposal to terminate several funds was made on March 31, 2026. At that time, Fidelity notified investors of its intention to wind up a number of funds. However, following further evaluation, the company has opted to retain the two disruptive-themed class funds. All other previously announced terminations will move forward as planned.
Funds Proceeding with Termination
The following funds will be terminated effective July 24, 2026:
- Fidelity Canadian Monthly High Income ETF (FCMI)
- Fidelity Canadian Monthly High Income ETF Fund
- Fidelity Global Monthly High Income ETF (FCGI)
- Fidelity Global Monthly High Income ETF Fund
- Fidelity Long-Term Leaders Currency Neutral Fund
- Fidelity Long-Term Leaders Fund
These terminations were part of the original announcement and remain unchanged. Investors in these funds should expect the wind-up process to commence on the effective date.
Company Overview
Fidelity Investments Canada ULC is a privately held firm with assets under management of $416 billion as of June 17, 2026. The company serves financial advisors, wealth management firms, employers, institutions, and individual investors. It offers a range of investment products, including mutual funds and ETFs, as well as technological solutions backed by Fidelity's global capabilities. Fidelity funds are available through financial advisors and online trading platforms.
The company emphasizes that commissions, fees, and expenses may be associated with investment funds. It advises investors to read a fund’s prospectus or offering memorandum and consult with an advisor before investing. Funds are not guaranteed, their values change frequently, and investors may experience gains or losses. Past performance may not be repeated.
Impact on Investors
The decision to cancel the termination of the two class funds provides continuity for investors in those products. For those in the funds still slated for termination, the process will proceed as scheduled. Fidelity has not provided further details on the reasons for the reversal or the specific impact on unitholders.
