Join Fund Library now and get free access to personalized features to help you manage your investments.

Fidelity Monthly Income Class Series B

Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016

Click for more information on Fundata’s FundGrade

NAVPS
(05-16-2024)
$16.33
Change
$0.01 (0.06%)

As at April 30, 2024

As at March 31, 2024

Period
Loading...

Legend

Fidelity Monthly Income Class Series B

Compare Options


Fund Returns

Inception Return (September 28, 2011): 5.22%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -1.65% 1.35% 8.69% 1.38% 3.35% 2.32% 2.51% 5.68% 4.33% 4.67% 3.64% 4.13% 3.75% 4.00%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 117 / 448 316 / 442 417 / 442 344 / 442 381 / 431 353 / 418 285 / 389 272 / 378 210 / 368 189 / 361 238 / 346 275 / 333 214 / 299 212 / 287
Quartile Ranking 2 3 4 4 4 4 3 3 3 3 3 4 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.84% 0.97% 0.46% -0.45% -2.66% -0.44% 4.44% 2.66% 0.02% 1.10% 1.94% -1.65%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

7.43% (November 2020)

Worst Monthly Return Since Inception

-9.75% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.89% 1.30% 6.71% 2.20% -2.34% 11.22% 6.11% 10.57% -5.31% 5.66%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 3 2 3 4 1 4 3 3 1 4
Category Rank 182/ 286 120/ 299 229/ 331 338/ 344 60/ 355 333/ 365 188/ 374 284/ 389 21/ 409 407/ 429

Best Calendar Return (Last 10 years)

11.22% (2019)

Worst Calendar Return (Last 10 years)

-5.31% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 25.06
US Equity 13.90
Canadian Government Bonds 13.44
International Equity 12.59
Canadian Corporate Bonds 12.31
Other 22.70

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 39.12
Financial Services 8.26
Real Estate 5.90
Consumer Services 5.79
Cash and Cash Equivalent 5.31
Other 35.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 79.73
Europe 8.20
Multi-National 4.98
Asia 3.79
Latin America 1.21
Other 2.09

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
Fidelity Canadian Money Market Investment Trust O -
iShares Gold Trust ETF (IAU) -
High Yield Investments Directly Held -
United States Treasury 3.63% 31-Mar-2030 -
Investment Grade CMBS Securities Directly Held -
Alimentation Couche-Tard Inc Cl A -
MSCI EAFE Index Future -
United States Treasury 3.63% 15-Feb-2053 -
MSCI Emerging Markets Index Future -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Fidelity Monthly Income Class Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 7.06% 8.65% 6.66%
Beta 0.72% 0.81% 0.77%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.94% 0.94% 0.89%
Sharpe 0.00% 0.30% 0.41%
Sortino -0.05% 0.26% 0.24%
Treynor 0.00% 0.03% 0.04%
Tax Efficiency 66.40% 83.92% 85.70%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.39% 7.06% 8.65% 6.66%
Beta 0.75% 0.72% 0.81% 0.77%
Alpha 0.00% 0.00% 0.00% 0.00%
Rsquared 0.97% 0.94% 0.94% 0.89%
Sharpe -0.17% 0.00% 0.30% 0.41%
Sortino 0.12% -0.05% 0.26% 0.24%
Treynor -0.02% 0.00% 0.03% 0.04%
Tax Efficiency 92.89% 66.40% 83.92% 85.70%

Fund Details

Start Date September 28, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $675

Fund Codes

FundServ Code Load Code Sales Status
FID416

Investment Objectives

The Fund aims to achieve a combination of a steady flow of income and the potential for capital gains. It invests, either directly or indirectly through investments in underlying funds, primarily in a mix of equity and fixed income securities. The underlying funds can invest in these securities either directly or indirectly through investments in other underlying funds.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 55% equity securities and 45% fixed income securities, which may be Canadian or foreign; Depending on market conditions, may vary the asset mix by up to +/- 15% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Don Newman 11-06-2003
David Bagnani 11-06-2003
Harley Lank 08-01-2007
Daniel Dupont 09-01-2008
Geoffrey D. Stein 03-25-2011
Catriona Martin 04-01-2011
David D. Wolf 03-23-2017
Sri Tella 03-23-2017

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar Fidelity Investments Canada ULC
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.07%
Management Fee 1.70%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.