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Fidelity Tactical High Income Fund Series B
Tactical Balanced
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
FundGrade A+® Rating Recipient
2024, 2023, 2022, 2021, 2020
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|
NAVPS (06-18-2026) |
$17.64 |
|---|---|
| Change |
$0.15
(0.88%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (May 28, 2014): 8.80%
| 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 | 2.37% | 2.27% | 5.60% | 8.54% | 21.10% | 12.46% | 12.29% | 11.05% | 8.01% | 9.05% | 9.55% | 9.45% | 7.93% | 8.15% |
| Benchmark | 4.15% | 4.24% | 6.13% | 7.49% | 17.74% | 14.74% | 14.02% | 11.92% | 8.11% | 8.14% | 8.14% | 7.77% | 7.25% | 7.84% |
| Category Average | 2.09% | 1.79% | 5.91% | 6.38% | 15.09% | 11.82% | 11.42% | 8.44% | 6.09% | 7.45% | 6.64% | 5.87% | 5.36% | 5.70% |
| Category Rank | 121 / 329 | 135 / 328 | 205 / 326 | 90 / 326 | 87 / 324 | 164 / 318 | 143 / 313 | 52 / 294 | 81 / 287 | 90 / 277 | 34 / 270 | 18 / 248 | 34 / 233 | 37 / 218 |
| Quartile Ranking | 2 | 2 | 3 | 2 | 2 | 3 | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.61% | 3.70% | 0.39% | 5.50% | 3.08% | -2.23% | -2.71% | 2.43% | 3.61% | -2.80% | 2.78% | 2.37% |
| Benchmark | 2.53% | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% |
Best Monthly Return Since Inception
8.32% (January 2015)
Worst Monthly Return Since Inception
-4.47% (April 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.12% | -2.30% | 3.63% | 15.29% | 12.09% | 14.39% | -7.91% | 7.94% | 17.32% | 7.36% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.78% | 6.18% | -5.55% | 12.58% | 5.65% | 9.53% | -9.83% | 8.35% | 11.73% | 10.14% |
| Quartile Ranking | 3 | 4 | 1 | 1 | 1 | 2 | 2 | 3 | 1 | 3 |
| Category Rank | 95/ 176 | 225/ 228 | 11/ 242 | 50/ 258 | 30/ 277 | 81/ 279 | 95/ 293 | 172/ 313 | 38/ 315 | 220/ 318 |
Best Calendar Return (Last 10 years)
17.32% (2024)
Worst Calendar Return (Last 10 years)
-7.91% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 34.89 |
| Cash and Equivalents | 23.73 |
| Foreign Government Bonds | 17.67 |
| Foreign Corporate Bonds | 10.46 |
| International Equity | 7.25 |
| Other | 6.00 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 28.73 |
| Cash and Cash Equivalent | 23.73 |
| Technology | 12.63 |
| Energy | 10.96 |
| Healthcare | 4.11 |
| Other | 19.84 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 90.10 |
| Latin America | 6.32 |
| Europe | 3.14 |
| Africa and Middle East | 0.26 |
| Asia | 0.06 |
| Other | 0.12 |
Top Holdings
| Name | Percent |
|---|---|
| UST BILLS 0.00% 03-Sep-2026 | - |
| Microstrategy Inc - Pfd | - |
| DHT Holdings Inc | - |
| International Seaways Inc | - |
| USTB 4.75% 15-Feb-2056 | - |
| Alphabet Inc Cl A | - |
| STRATEGY INC STEP PERP PFD 11.50% 31-Dec-2199 | - |
| Boeing Co - Pfd | - |
| United States Treasury 4.75% 15-May-2055 | - |
| EchoStar Corp 3.88% 30-Nov-2030 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Tactical High Income Fund Series B
Median
Other - Tactical Balanced
3 Yr Annualized
| Standard Deviation | 9.06% | 8.76% | 7.93% |
|---|---|---|---|
| Beta | 1.08 | 0.84 | 0.89 |
| Alpha | -0.02 | 0.01 | 0.01 |
| Rsquared | 0.70% | 0.65% | 0.68% |
| Sharpe | 0.94 | 0.59 | 0.79 |
| Sortino | 1.69 | 0.91 | 1.05 |
| Treynor | 0.08 | 0.06 | 0.07 |
| Tax Efficiency | 87.87% | 84.72% | 85.57% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.72% | 9.06% | 8.76% | 7.93% |
| Beta | 1.09 | 1.08 | 0.84 | 0.89 |
| Alpha | 0.01 | -0.02 | 0.01 | 0.01 |
| Rsquared | 0.70% | 0.70% | 0.65% | 0.68% |
| Sharpe | 1.79 | 0.94 | 0.59 | 0.79 |
| Sortino | 3.40 | 1.69 | 0.91 | 1.05 |
| Treynor | 0.16 | 0.08 | 0.06 | 0.07 |
| Tax Efficiency | 89.02% | 87.87% | 84.72% | 85.57% |
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) | - |
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
|
|---|---|
| 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 | 2.09% |
|---|---|
| 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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