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
An ETF annual information statement (AIS) is 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 mutual fund’s earned income and capital gains for U.S. tax purposes. This is roughly similar to how U.S. mutual funds are taxed in the U.S., and is generally aligned with how Canadian mutual funds 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.
Ticker | Fidelity ETF | Tax year |
---|---|---|
FCCD | Fidelity Canadian High Dividend Index ETF |
2019 ![]() |
FCUD | Fidelity U.S. High Dividend Index ETF |
2019 ![]() |
FCUH | Fidelity U.S. High Dividend Currency Neutral Index ETF |
2019 ![]() |
FCRR | Fidelity U.S. Dividend for Rising Rates Index ETF |
2019 ![]() |
FCRH | Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF |
2019 ![]() |
FCID | Fidelity International High Dividend Index ETF |
2019 ![]() |
FCCL | Fidelity Canadian Low Volatility Index ETF |
2019 ![]() |
FCUL | Fidelity U.S. Low Volatility Index ETF |
2019 ![]() |
FCLH | Fidelity U.S. Low Volatility Currency Neutral Index ETF |
2019 ![]() |
FCIL | Fidelity International Low Volatility Index ETF |
2019 ![]() |
FCCQ | Fidelity Canadian High Quality Index ETF |
2019 ![]() |
FCUQ | Fidelity U.S. High Quality Index ETF |
2019 ![]() |
FCQH | Fidelity U.S. High Quality Currency Neutral Index ETF |
2019 ![]() |
FCIQ | Fidelity International High Quality Index ETF |
2019 ![]() |