Fidelity brokerage allows investments in CDN-denominated ETFs. Are these PFICs?

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jnleepkl
Posts: 1
Joined: Sun Mar 19, 2023 1:35 pm

Fidelity brokerage allows investments in CDN-denominated ETFs. Are these PFICs?

Post by jnleepkl »

As a US resident and citizen, I have Canadian dollars in a Fidelity Brokerage account (transferred as an inheritance).
Fidelity allows me to buy shares in Canadian dollar denominated ETFs. For example, any of these:

ZNQ:CA BMO NASDAQ 100 EQUITY INDX ETF CAD UNITS

XUS:CA ISHARES CORE S&P 500 INDEX E

XIG:CA ISHARES US IG CO BD IDX ETF CAD HDG UNIT

Investing in these might be a good way to grow this money until the USD:CDN exchange rate improves.

Are these US domiciled funds (if that is the correct determining factor)?
Would these investments count as PFICs?
Many thanks.
ctocargo
Posts: 7
Joined: Sun Feb 14, 2021 5:12 pm

Re: Fidelity brokerage allows investments in CDN-denominated ETFs. Are these PFICs?

Post by ctocargo »

I was asking myself the same question a while back and someone responded that ETFs are passive income in another thread.
nelsona
Posts: 18311
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Fidelity brokerage allows investments in CDN-denominated ETFs. Are these PFICs?

Post by nelsona »

the response is the same as the past.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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