Fidelity U.S. Low Volatility Currency Neutral Index ETF - CAD Stock

The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. Low Volatility Currency Neutral Index (the 'Index'). The ETF normally holds securities of Fidelity U.S. Low Volatility Index ETF (the ?underlying ETF?). The underlying ETF invests primarily in equity securities of large and mid-capitalization U.S. companies with lower volatility than the broader U.S. equity market. The ETF uses derivatives to try to minimize the exposure to currency fluctuations between the U.S. and Canadian dollars.