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Fidelity Tactical High Income Fund Series B

Tactical Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025)
$15.49
Change
-$0.10 (-0.63%)

As at May 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jul 2014May 2015Mar 2016Jan 2017Nov 2017Sep 2018Jul 2019May 2020Mar 2021Jan 2022Nov 2022Sep 2023Jul 2024May 2025Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Apr 2025Nov 2014May 2016Nov 2017May 2019Nov 2020May 2022Nov 2023$10,000$15,000$20,000$25,000$5,000$30,000$9,000$11,000$12,000$13,000$14,000Period

Legend

Fidelity Tactical High Income Fund Series B

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Fund Returns

Inception Return (May 28, 2014): 7.75%

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 2.83% -5.22% -5.97% -3.77% 4.44% 8.13% 7.89% 4.97% 6.79% 7.73% 7.88% 6.39% 6.80% 6.67%
Benchmark 2.47% -1.84% 0.98% 0.80% 11.81% 12.20% 10.05% 5.83% 6.31% 6.62% 6.42% 6.01% 6.79% 6.61%
Category Average 2.53% -0.57% 0.00% 1.80% 8.65% 9.63% 6.31% 3.95% 5.99% 5.30% 4.62% 4.20% 4.70% 3.97%
Category Rank 104 / 326 319 / 322 319 / 322 319 / 322 282 / 322 215 / 316 86 / 316 122 / 309 121 / 299 40 / 292 24 / 268 41 / 251 45 / 234 22 / 163
Quartile Ranking 2 4 4 4 4 3 2 2 2 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.31% 2.36% -1.71% 2.35% 1.54% 5.91% -2.29% 3.51% -1.91% -3.92% -4.07% 2.83%
Benchmark 1.79% 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72% -0.03% -2.06% -2.19% 2.47%

Best Monthly Return Since Inception

8.32% (January 2015)

Worst Monthly Return Since Inception

-4.47% (April 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 19.00% 6.12% -2.30% 3.63% 15.29% 12.09% 14.39% -7.91% 7.94% 17.32%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35% 11.73%
Quartile Ranking 1 3 4 1 1 1 2 2 3 1
Category Rank 6/ 136 98/ 182 241/ 244 10/ 262 49/ 279 31/ 299 80/ 301 97/ 315 189/ 316 37/ 318

Best Calendar Return (Last 10 years)

19.00% (2015)

Worst Calendar Return (Last 10 years)

-7.91% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 31.63
US Equity 23.61
Foreign Government Bonds 20.15
International Equity 11.43
Canadian Equity 10.23
Other 2.95

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 52.29
Energy 8.67
Technology 8.42
Financial Services 5.14
Utilities 4.70
Other 20.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 84.64
Europe 8.38
Latin America 5.14
Asia 0.95
Africa and Middle East 0.77
Other 0.12

Top Holdings

Top Holdings
Name Percent
United States Treasury 1.25% 15-May-2050 -
DHT Holdings Inc -
United States Treasury 1.88% 15-Feb-2051 -
Scorpio Tankers Inc -
BASS PRO TERM B 1LN 7.57% 23-Jan-2032 -
Capital Power Corp -
EchoStar Corp 10.75% 30-Nov-2029 -
X CORP TERM 1LN 9.50% 29-Oct-2029 -
TransAlta Corp -
MicroStrategy Inc 0.63% 15-Mar-2030 -

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return456789101112131415-4%-2%0%2%4%6%8%10%12%14%

Fidelity Tactical High Income Fund Series B

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 8.49% 8.12% 7.84%
Beta 0.78% 0.81% 0.88%
Alpha 0.00% 0.02% 0.01%
Rsquared 0.59% 0.63% 0.71%
Sharpe 0.47% 0.55% 0.65%
Sortino 0.92% 0.74% 0.76%
Treynor 0.05% 0.06% 0.06%
Tax Efficiency 87.11% 84.22% 81.79%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.98% 8.49% 8.12% 7.84%
Beta 1.52% 0.78% 0.81% 0.88%
Alpha -0.12% 0.00% 0.02% 0.01%
Rsquared 0.82% 0.59% 0.63% 0.71%
Sharpe 0.12% 0.47% 0.55% 0.65%
Sortino 0.27% 0.92% 0.74% 0.76%
Treynor 0.01% 0.05% 0.06% 0.06%
Tax Efficiency 70.80% 87.11% 84.22% 81.79%

Fund Details

Start Date May 28, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3,818

Fund Codes

FundServ Code Load Code Sales Status
FID2453

Investment Objectives

The Fund invests primarily in a mix of income-producing securities which may be located anywhere in the world. Income-producing securities may include, but are not limited to, equity securities, common and preferred shares, convertible securities, investment grade fixed income securities, higher yielding, lower quality fixed income securities, floating rate debt instruments and asset-backed securities and mortgage-backed securities.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Focuses primarily on a company’s financial stability, its potential to generate sustainable return on equity over time, and its valuation. Invests in companies that it believes are undervalued in the marketplace based on valuation factors, such as assets, sales, earnings, growth potential, cash flow, and other companies in the same industry.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Ford O'Neil
  • Adam Kramer
  • Ramona Persaud
Sub-Advisor

Fidelity Management & Research Company LLC

Management and Organization

Fund Manager

Fidelity Investments Canada ULC

Custodian

State Street Trust Company Canada

Registrar

Fidelity Investments Canada ULC

Distributor

-

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 2.10%
Management Fee 1.75%
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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