Passive foreign investment company ETF statements
Fidelity offers comprehensive and individually customized passive foreign investment company (PFIC) reporting support for all its exchange traded funds (ETFs) to reduce the PFIC tax reporting burden.
PFIC ETF statements
Fidelity’s ETFs annual information statements (AIS) are now available. The AIS provides pro-rata per unit per day shares of the ordinary earnings and net capital gains of the ETF for the tax period. Investors simply need to multiply the number of shares they held by the number of days they held them, and by the factors in the AIS, to determine their personalized PFIC reporting amounts.
The AIS will allow you to make the qualified electing fund (QEF) election on your U.S. income tax returns. In making the QEF election, include only the pro-rata share of the ETF’s earned income and capital gains for U.S. tax purposes. This is roughly similar to how U.S. ETFs are taxed in the U.S. and is generally aligned with how Canadian ETFs are taxed in Canada. There are other reporting options, but in many cases the QEF election will be the most beneficial to U.S. tax filers. We strongly recommend you consult with a U.S. tax professional with regard to U.S. tax rules around PFIC and implications of PFIC reporting to you.
| Ticker | Fidelity ETF | Tax year | Tax year |
|---|---|---|---|
| FCCD | Fidelity Canadian High Dividend Index ETF |
2019  |
2020 |
| FCCQ | Fidelity Canadian High Quality Index ETF |
2019 |
2020 |
| FCCL | Fidelity Canadian Low Volatility Index ETF |
2019 |
2020 |
| FCMI | Fidelity Canadian Monthly High Income ETF |
2020 |
|
| FCSB | Fidelity Canadian Short Term Corporate Bond ETF |
2020 |
|
| FCGB | Fidelity Global Core Plus Bond ETF |
2020 |
|
| FCGI | Fidelity Global Monthly High Income ETF |
2020 |
|
| FCID | Fidelity International High Dividend Index ETF |
2019 |
2020 |
| FCIQ | Fidelity International High Quality Index ETF |
2019 |
2020 |
| FCIL | Fidelity International Low Volatility Index ETF |
2019 |
2020 |
| FCSW | Fidelity Sustainable World ETF |
2020 |
|
| FCCB | Fidelity Systematic Canadian Bond Index ETF |
2020 |
|
| FCHH | Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF |
2020 |
|
| FCHY | Fidelity Systematic U.S. High Yield Bond ETF |
2020 |
|
| FCRH | Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF |
2019 |
2020 |
| FCRR | Fidelity U.S. Dividend for Rising Rates Index ETF |
2019 |
2020 |
| FCUH | Fidelity U.S. High Dividend Currency Neutral Index ETF |
2019 |
2020 |
| FCUD | Fidelity U.S. High Dividend Index ETF |
2019 |
2020 |
| FCQH | Fidelity U.S. High Quality Currency Neutral Index ETF |
2019 |
2020 |
| FCUQ | Fidelity U.S. High Quality Index ETF |
2019 |
2020 |
| FCLH | Fidelity U.S. Low Volatility Currency Neutral Index ETF |
2019 |
2020 |
| FCUL | Fidelity U.S. Low Volatility Index ETF |
2019 |
2020 |
