Fidelity Investments Canada to close multiple funds, targeting July 24, 2026 effective date
fidelity investments is moving to terminate a set of funds as it works to streamline its lineup for investors. The plans were announced in Toronto on March 31, 2026, with an expected effective date on or around July 24, 2026, subject to securityholder approval for certain class funds. The firm says the terminations are designed to simplify choices and make the fund lineup easier to navigate.
Fidelity Investments Canada ULC outlines the timetable and investor notices
Fidelity Investments Canada ULC said investors in the terminating funds will receive a notice of termination at least 60 days before the expected effective date. The company also said the terminating exchange-traded funds are expected to be delisted from the Toronto Stock Exchange at Fidelity’s request at the close of business on or about July 24, 2026.
The terminating funds will generally be closed to new purchases by new investors as of March 31, 2026. Fidelity said existing investors are not locked in: investors will be able to switch into other Fidelity mutual funds or redeem their securities prior to the effective date, subject to the procedures and requirements set out in the relevant prospectus(es).
The company framed the decision as part of its normal course of business, saying it regularly reviews its funds with the goal of streamlining offerings for investors. Fidelity said the proposed terminations are intended to result in a more simplified fund lineup.
Securityholder votes set for certain class funds
Fidelity said the proposed terminations of Fidelity Disruptors® Class and Fidelity DisruptiveTM Automation Class require securityholder approval under applicable corporate law. securityholder meetings will be held virtually on or about June 25, 2026, and that securityholders will be asked to approve certain amendments to the articles of Fidelity Capital Structure Corp. related to the cancellation and redemption of shares of the class funds in connection with the proposed terminations.
Further details on the proposed terminations will be sent to securityholders in advance of those meetings, Fidelity said. Investors in Fidelity Disruptors® Class and Fidelity DisruptiveTM Automation Class will also be able to voluntarily switch into other Fidelity mutual funds or redeem their securities prior to the effective date, and these class funds will be closed to new purchases by new investors as of March 31, 2026.
Immediate guidance to investors and what happens next
Fidelity encouraged investors in the terminating funds to speak with their financial advisors about the proposed terminations and to review their options. The company also included standard risk and fee reminders, noting that commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs, and that investors should read the applicable prospectus for detailed investment information.
Fidelity said mutual funds and ETFs are not guaranteed, values change frequently, and investors may experience a gain or a loss. The firm also stated that past performance may not be repeated.
Looking ahead, the next major checkpoint is the virtual securityholder meetings expected on or about June 25, 2026, for the class funds requiring approval. If approvals proceed where required, the company’s timeline points to delistings and terminations expected at the close of business on or about July 24, 2026. For investors weighing next steps before that date, fidelity investments said switching into other Fidelity mutual funds or redeeming securities remains available, within the procedures and requirements set out in the relevant prospectus(es).
