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Fidelity U.S. Monthly Income Fund Series B

Global Neutral Balanced

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016, 2015

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NAVPS
(12-11-2024)
$19.45
Change
-$0.02 (-0.11%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Fidelity U.S. Monthly Income Fund Series B

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Fund Returns

Inception Return (November 07, 2012): 8.40%

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 3.81% 7.27% 11.67% 19.29% 21.51% 11.21% 6.61% 7.41% 6.39% 6.96% 6.24% 5.95% 6.05% 6.81%
Benchmark 2.87% 5.40% 10.72% 17.28% 19.68% 13.41% 5.30% 5.73% 6.56% 7.36% 6.49% 7.10% 6.83% 7.51%
Category Average 2.87% 4.26% 8.53% 13.60% 16.89% 10.20% 4.14% 5.37% 5.45% 6.18% 5.05% 5.53% 5.33% 5.08%
Category Rank 189 / 1,773 69 / 1,763 87 / 1,751 98 / 1,727 136 / 1,727 654 / 1,674 210 / 1,548 238 / 1,413 474 / 1,327 473 / 1,235 308 / 1,117 417 / 977 322 / 884 157 / 775
Quartile Ranking 1 1 1 1 1 2 1 1 2 2 2 2 2 1

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 1.87% 1.26% 2.28% 2.62% -1.04% 1.56% 0.53% 4.00% -0.43% 1.87% 1.44% 3.81%
Benchmark 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21% 2.87%

Best Monthly Return Since Inception

7.91% (January 2015)

Worst Monthly Return Since Inception

-6.68% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 17.00% 15.32% 5.76% 0.46% 2.35% 11.01% 4.14% 11.25% -5.76% 5.42%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking 1 1 2 4 1 4 4 2 1 4
Category Rank 16/ 651 50/ 785 319/ 894 970/ 978 45/ 1,124 1,008/ 1,246 1,118/ 1,336 370/ 1,419 90/ 1,556 1,604/ 1,674

Best Calendar Return (Last 10 years)

17.00% (2014)

Worst Calendar Return (Last 10 years)

-5.76% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 40.44
Foreign Corporate Bonds 25.56
Foreign Government Bonds 14.10
International Equity 5.86
Cash and Equivalents 5.22
Other 8.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 45.88
Financial Services 7.70
Real Estate 7.56
Healthcare 5.82
Cash and Cash Equivalent 5.21
Other 27.83

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.78
Europe 5.35
Latin America 2.82
Multi-National 2.22
Asia 1.43
Other 1.40

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
Fidelity Convertible Secur Multi-Asset Base Fd O -
Investment Grade CMBS Securities Directly Held -
Fidelity U.S. Money Market Investment Trust O -
High Yield Investments Directly Held -
JPMorgan Chase & Co -
iShares Gold Trust ETF (IAU) -
Exxon Mobil Corp -
United States Treasury 4.00% 31-Oct-2029 -
United States Treasury 3.88% 15-Aug-2033 -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity U.S. Monthly Income Fund Series B

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 6.99% 7.50% 7.71%
Beta 0.69% 0.81% 0.89%
Alpha 0.03% 0.01% 0.00%
Rsquared 0.81% 0.79% 0.81%
Sharpe 0.44% 0.56% 0.69%
Sortino 0.85% 0.70% 0.80%
Treynor 0.04% 0.05% 0.06%
Tax Efficiency 68.81% 67.14% 66.28%
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 3 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 5.19% 6.99% 7.50% 7.71%
Beta 0.90% 0.69% 0.81% 0.89%
Alpha 0.03% 0.03% 0.01% 0.00%
Rsquared 0.75% 0.81% 0.79% 0.81%
Sharpe 2.94% 0.44% 0.56% 0.69%
Sortino 11.48% 0.85% 0.70% 0.80%
Treynor 0.17% 0.04% 0.05% 0.06%
Tax Efficiency 92.74% 68.81% 67.14% 66.28%

Fund Details

Start Date November 07, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
FID1330

Investment Objectives

The Fund aims to achieve a combination of a steady flow of income and the potential for capital gains. It invests primarily in a mix of U.S. income-producing securities. Income-producing securities may include, but are not limited to, common and preferred shares, investment grade fixed income securities, higher yielding, lower quality fixed income securities, U.S. dollar-denominated foreign fixed income securities, real estate investment trusts (“REITs”) and other real estate related securities.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 50% exposure to equity securities and 50% exposure to fixed income securities. Depending on market conditions, may vary the asset mix by up to +/- 20% from the neutral mix if it believes this produces the best overall return. Focuses primarily on a company’s financial stability, its potential to generate sustainable return on equity over time, and its valuation.

Portfolio Manager(s)

Name Start Date
Geoffrey D. Stein 11-07-2012
David D. Wolf 02-28-2015
Adam Kramer 02-20-2020
Michael Plage 02-20-2020
Ramona Persaud 02-20-2020
Samuel Wald 02-21-2020
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 2.24%
Management Fee 1.80%
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) -

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