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Fidelity Tactical High Income Fund Series B

Tactical 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

2023, 2022, 2021, 2020

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NAVPS
(05-16-2024)
$15.33
Change
-$0.01 (-0.05%)

As at April 30, 2024

As at December 31, 2023

Period
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Legend

Fidelity Tactical High Income Fund Series B

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Fund Returns

Inception Return (May 28, 2014): 7.85%

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 -1.49% 3.35% 9.57% 5.10% 7.72% 6.15% 4.03% 7.19% 7.37% 8.40% 6.04% 7.44% 7.01% -
Benchmark -1.57% 3.31% 11.56% 4.12% 9.21% 7.74% 3.11% 5.05% 4.84% 5.39% 5.04% 6.48% 6.12% 6.83%
Category Average -1.86% 10.82% 10.82% 2.44% 6.13% 3.95% 1.99% 5.27% 3.72% 3.71% 3.28% 4.13% 3.31% 3.59%
Category Rank 113 / 359 83 / 357 200 / 357 54 / 357 121 / 355 52 / 355 80 / 339 67 / 331 25 / 314 12 / 296 32 / 273 22 / 252 9 / 189 -
Quartile Ranking 2 1 3 1 2 1 1 1 1 1 1 1 1 -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.04% 0.18% 1.10% 0.82% -2.61% -0.11% 2.75% 1.46% 1.69% 1.81% 3.05% -1.49%
Benchmark -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57%

Best Monthly Return Since Inception

8.32% (January 2015)

Worst Monthly Return Since Inception

-4.47% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 19.00% 6.12% -2.30% 3.63% 15.29% 12.09% 14.39% -7.91% 7.94%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 6.78% 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35%
Quartile Ranking - 1 2 4 1 1 1 1 2 3
Category Rank - 6/ 163 96/ 207 268/ 271 10/ 293 49/ 309 34/ 329 71/ 333 93/ 354 207/ 355

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 Government Bonds 38.92
US Equity 30.58
Foreign Corporate Bonds 14.92
International Equity 6.69
Cash and Equivalents 5.84
Other 3.05

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 54.59
Technology 9.49
Cash and Cash Equivalent 5.85
Energy 5.03
Healthcare 4.99
Other 20.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 73.45
Multi-National 18.04
Latin America 3.99
Europe 3.94
Other 0.58

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.88% 15-Feb-2043 -
United States Treasury 3.50% 30-Apr-2030 -
United States Treasury 4.13% 31-Jul-2028 -
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 4.00% 30-Jun-2028 -
Microsoft Corp -
DHT Holdings Inc -
Amazon.com Inc -
Uber Technologies Inc 7.50% 01-Feb-2024 -
GREAT OUTDOORS TM B2 1LN 9.22% 05-Mar-2028 -

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 Tactical High Income Fund Series B

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 7.41% 7.40% -
Beta 0.67% 0.76% -
Alpha 0.02% 0.04% -
Rsquared 0.68% 0.69% -
Sharpe 0.20% 0.73% -
Sortino 0.23% 0.94% -
Treynor 0.02% 0.07% -
Tax Efficiency 78.37% 86.03% -
Volatility 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 5.94% 7.41% 7.40% -
Beta 0.68% 0.67% 0.76% -
Alpha 0.01% 0.02% 0.04% -
Rsquared 0.83% 0.68% 0.69% -
Sharpe 0.48% 0.20% 0.73% -
Sortino 1.28% 0.23% 0.94% -
Treynor 0.04% 0.02% 0.07% -
Tax Efficiency 89.36% 78.37% 86.03% -

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) $2,373

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 Manager(s)

Name Start Date
Adam Kramer 05-28-2014
Ford O'Neil 05-28-2014
Ramona Persaud 02-20-2020
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 2.11%
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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