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Fidelity Tactical Fixed Income Fund Series B

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024)
$7.24
Change
$0.02 (0.31%)

As at May 31, 2024

As at March 31, 2024

Period
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Legend

Fidelity Tactical Fixed Income Fund Series B

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Fund Returns

Inception Return (May 09, 2012): 1.47%

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 1.76% 0.27% 2.23% -1.28% 2.92% 1.36% -2.37% -1.46% -0.33% 0.67% 0.38% 0.79% 0.82% 1.23%
Benchmark 0.00% -1.48% 0.11% -3.20% 0.68% 0.65% -2.40% -2.27% -0.52% 0.70% 0.47% 0.78% 1.00% 1.62%
Category Average 1.72% 2.10% 2.10% -1.44% 2.46% 1.21% -2.44% -1.85% -0.47% 0.47% 0.18% 0.47% 0.54% 1.00%
Category Rank 244 / 628 309 / 624 327 / 618 329 / 620 267 / 608 390 / 585 382 / 558 207 / 528 290 / 497 273 / 461 245 / 431 204 / 395 191 / 347 181 / 320
Quartile Ranking 2 2 3 3 2 3 3 2 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.20% -0.78% -0.28% -2.70% -0.04% 4.40% 3.56% -1.13% -0.42% 0.52% -1.97% 1.76%
Benchmark -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00%

Best Monthly Return Since Inception

4.43% (April 2020)

Worst Monthly Return Since Inception

-5.90% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.86% 0.83% 2.68% 2.71% -0.60% 8.17% 7.90% -2.17% -13.19% 6.59%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 3 4 1 1 4 1 4 2 4 2
Category Rank 220/ 309 317/ 340 79/ 372 82/ 417 407/ 443 24/ 489 392/ 519 172/ 550 546/ 579 278/ 595

Best Calendar Return (Last 10 years)

8.17% (2019)

Worst Calendar Return (Last 10 years)

-13.19% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 48.89
Canadian Corporate Bonds 32.21
Foreign Corporate Bonds 11.97
Cash and Equivalents 3.21
Foreign Government Bonds 2.18
Other 1.54

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.30
Cash and Cash Equivalent 3.21
Energy 0.07
Financial Services 0.03
Utilities 0.02
Other 0.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.31
Latin America 2.66
Europe 0.34
Asia 0.09
Multi-National 0.07
Other 0.53

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 -
Fidelity American High Yield Fund Series O -
Canada Government 1.50% 01-Jun-2031 -
High Yield Investments Directly Held -
Canada Government 3.50% 01-Mar-2028 -
Canada Government 2.00% 01-Jun-2032 -
Ontario Province 2.80% 02-Jun-2048 -
Canada Government 2.50% 01-Dec-2032 -
Canada Government 1.50% 01-Dec-2031 -
Canada Housing Trust No 1 1.40% 15-Mar-2031 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Tactical Fixed Income Fund Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.28% 7.06% 5.55%
Beta 1.07% 1.08% 1.00%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.96% 0.90% 0.89%
Sharpe -0.69% -0.30% -0.01%
Sortino -0.92% -0.57% -0.39%
Treynor -0.05% -0.02% 0.00%
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 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 7.23% 7.28% 7.06% 5.55%
Beta 1.01% 1.07% 1.08% 1.00%
Alpha 0.02% 0.00% 0.00% 0.00%
Rsquared 0.93% 0.96% 0.90% 0.89%
Sharpe -0.24% -0.69% -0.30% -0.01%
Sortino 0.03% -0.92% -0.57% -0.39%
Treynor -0.02% -0.05% -0.02% 0.00%
Tax Efficiency 42.17% - - -

Fund Details

Start Date May 09, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $73

Fund Codes

FundServ Code Load Code Sales Status
FID797

Investment Objectives

The Fund aims to provide a steady flow of income. It invests primarily in Canadian fixed income securities. The Fund can invest in these securities either directly or indirectly through investments in underlying funds.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses the FTSE Canada Universe Bond Index as a guide to structuring the Fund’s portfolio. Allocates the Fund’s assets, either directly or indirectly through investments in underlying funds, among issuers in different market sectors, industries, asset classes, and maturities, based on its view of the relative value of each sector, industry, asset class, or maturity.

Portfolio Manager(s)

Name Start Date
Jeffrey Moore 05-09-2012
Catriona Martin 07-01-2012
Sri Tella 04-01-2015
Fidelity Management & Research Company LLC 02-06-2023

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 1.36%
Management Fee 1.00%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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