Key Takeaways
- • Fidelity All-in-One Growth ETF (CN: FGRO) holds roughly 83% equities, 13% bonds and 3% bitcoin as of 31 August 2026, according to Fidelity's factsheet.
- • The fund is a fund-of-funds that allocates across Fidelity factor ETFs (momentum, value, high quality, low volatility) in the United States, Canada and international markets, plus a global small-cap holding and a Fidelity Bitcoin ETF.
- • Target neutral mix is approximately 82% equity, 15% fixed income and 3% cryptocurrency; actual weights at 31 August 2026 were close to target (41.4% U.S. equities, 19.9% Canadian equities, 20.2% international equities, 3.2% bitcoin).
- • Look-through exposure shows the United States at 44.8% and Canada at 28.8%, and the fixed-income sleeve is led by a Canadian bond index fund at 9.4%.
- • Fidelity benchmarks the fund against a blended index including the S&P/TSX Composite, Russell 1000, MSCI EAFE and a Fidelity bitcoin index; factor strategies are an investment theory, not a guarantee of outperformance.
Summary
Fidelity All-in-One Growth ETF (CN: FGRO) offers a growth-oriented, multi-asset portfolio in a single ticker by holding other Fidelity ETFs. According to Fidelity's factsheet, with figures as at 31 August 2026, the fund carried about 83% of assets in equities, around 13% in bonds and roughly 3% in bitcoin. The stated neutral allocation is approximately 82% equity, 15% fixed income and 3% cryptocurrency, and the actual weights at the reporting date were close to those targets.
The equity sleeve is divided across the United States, Canada and international markets. Within each region, exposure is split across four Fidelity Factor funds targeting momentum, value, high quality and low volatility, with a small global small-cap holding and a Fidelity Bitcoin ETF completing the portfolio. At the reporting date, the fund held about 41.4% in U.S. equities, 19.9% in Canadian equities and 20.2% in international equities. Fidelity's look-through country exposure showed the United States at 44.8% and Canada at 28.8%, reflecting the underlying holdings rather than the fund-level regional split alone.
The fixed-income allocation of roughly 13.3% was led by a Canadian bond index fund at 9.4%, with smaller positions in a core U.S. bond fund and two multi-sector bond funds. Fidelity compares the portfolio against a blended benchmark that includes the S&P/TSX Composite, the Russell 1000, MSCI EAFE and a Fidelity bitcoin index.
The structure rests on factor investing, which assumes that traits such as cheaper valuations or steadier price behaviour can be rewarded over time. The source notes this is an investment theory rather than a guarantee. Blending four factors within each region is intended to reduce reliance on any single factor, but it does not eliminate market risk, and returns will not track a conventional market-capitalisation index. The bitcoin allocation, at about 3%, is a small, rules-based sleeve rather than a directional bet of significance to the portfolio. Kalkine.ca also published companion analyses of sister products, Fidelity All-in-One Balanced ETF (CN: FBAL) and Fidelity All-in-One Equity ETF (CN: FEQT), which hold a similar bitcoin slice but differ in their bond and equity mix.
The equity sleeve is divided across the United States, Canada and international markets. Within each region, exposure is split across four Fidelity Factor funds targeting momentum, value, high quality and low volatility, with a small global small-cap holding and a Fidelity Bitcoin ETF completing the portfolio. At the reporting date, the fund held about 41.4% in U.S. equities, 19.9% in Canadian equities and 20.2% in international equities. Fidelity's look-through country exposure showed the United States at 44.8% and Canada at 28.8%, reflecting the underlying holdings rather than the fund-level regional split alone.
The fixed-income allocation of roughly 13.3% was led by a Canadian bond index fund at 9.4%, with smaller positions in a core U.S. bond fund and two multi-sector bond funds. Fidelity compares the portfolio against a blended benchmark that includes the S&P/TSX Composite, the Russell 1000, MSCI EAFE and a Fidelity bitcoin index.
The structure rests on factor investing, which assumes that traits such as cheaper valuations or steadier price behaviour can be rewarded over time. The source notes this is an investment theory rather than a guarantee. Blending four factors within each region is intended to reduce reliance on any single factor, but it does not eliminate market risk, and returns will not track a conventional market-capitalisation index. The bitcoin allocation, at about 3%, is a small, rules-based sleeve rather than a directional bet of significance to the portfolio. Kalkine.ca also published companion analyses of sister products, Fidelity All-in-One Balanced ETF (CN: FBAL) and Fidelity All-in-One Equity ETF (CN: FEQT), which hold a similar bitcoin slice but differ in their bond and equity mix.
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