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Fidelity Advanced U.S. Equity Fund
FAUS (Fidelity Advanced U.S. Equity Fund) is an index US Equity ETF by Fidelity. With a 0.60% MER, it provides diversified exposure.
FAUS by Fidelity is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.60% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.