I am looking at some Canadian bond funds (recommendations welcome) for my RRSP. Relatively safe, and with a dividend yield ~ 3% is good enough. While looking at Fidelity bond funds, I came across this fund
My questions are: This does not say anything about the distributions/yield etc. i.e How much does it pay out in dividends over the year? The fund gets income from coupons, does it automatically reinvest them?
Why does it have such a high beta of 0.98? Bonds are supposed to provide diversification, how come it has such a high correlation with the beta?
Is the Beta calculated w.r.t S&P500 or some Canadian index like TSX 60?