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Tactical Balanced
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2021, 2020
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|
NAVPS (06-20-2025) |
$13.54 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at May 31, 2025
As at March 31, 2025
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Inception Return (May 28, 2014): 4.84%
| 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 | 3.10% | -1.40% | -5.43% | -0.66% | 2.02% | 6.21% | 3.97% | 1.03% | 5.96% | 6.48% | 6.03% | 5.22% | 5.36% | 4.81% |
| 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 | 68 / 322 | 204 / 318 | 300 / 318 | 278 / 318 | 311 / 318 | 270 / 312 | 258 / 312 | 280 / 305 | 161 / 295 | 83 / 288 | 90 / 264 | 97 / 249 | 114 / 234 | 83 / 163 |
| Quartile Ranking | 1 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 3 |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.10% | 1.37% | 0.48% | 1.94% | -1.26% | 5.33% | -4.81% | 2.39% | -1.60% | -3.67% | -0.72% | 3.10% |
| 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% |
7.62% (November 2020)
-7.24% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.70% | 8.52% | 3.69% | -5.36% | 19.72% | 12.72% | 14.99% | -14.35% | 9.29% | 7.75% |
| 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 | 4 | 2 | 4 | 4 | 1 | 1 | 1 | 4 | 2 | 4 |
| Category Rank | 110/ 136 | 50/ 182 | 202/ 244 | 218/ 258 | 4/ 275 | 21/ 295 | 70/ 297 | 289/ 311 | 116/ 312 | 268/ 314 |
19.72% (2019)
-14.35% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 31.70 |
| US Equity | 23.63 |
| Foreign Government Bonds | 20.16 |
| International Equity | 11.45 |
| Canadian Equity | 10.24 |
| Other | 2.82 |
| Name | Percent |
|---|---|
| Fixed Income | 52.37 |
| Energy | 8.68 |
| Technology | 8.42 |
| Financial Services | 5.15 |
| Utilities | 4.70 |
| Other | 20.68 |
| Name | Percent |
|---|---|
| North America | 84.75 |
| Europe | 8.26 |
| Latin America | 5.15 |
| Asia | 0.95 |
| Africa and Middle East | 0.77 |
| Other | 0.12 |
| 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 | - |
Fidelity Tactical High Income Currency Neutral Fund Series B
Median
Other - Tactical Balanced
| Standard Deviation | 10.53% | 10.40% | 9.14% |
|---|---|---|---|
| Beta | 1.07% | 1.01% | 0.84% |
| Alpha | -0.06% | 0.00% | -0.01% |
| Rsquared | 0.72% | 0.61% | 0.47% |
| Sharpe | 0.05% | 0.37% | 0.37% |
| Sortino | 0.20% | 0.48% | 0.34% |
| Treynor | 0.00% | 0.04% | 0.04% |
| Tax Efficiency | 80.87% | 88.15% | 83.42% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.92% | 10.53% | 10.40% | 9.14% |
| Beta | 1.12% | 1.07% | 1.01% | 0.84% |
| Alpha | -0.10% | -0.06% | 0.00% | -0.01% |
| Rsquared | 0.55% | 0.72% | 0.61% | 0.47% |
| Sharpe | -0.11% | 0.05% | 0.37% | 0.37% |
| Sortino | -0.08% | 0.20% | 0.48% | 0.34% |
| Treynor | -0.01% | 0.00% | 0.04% | 0.04% |
| Tax Efficiency | 69.81% | 80.87% | 88.15% | 83.42% |
| 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) | $79 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2484 |
The Fund aims to provide income and capital growth. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund aims to provide income and capital growth by investing primarily in a mix of income-producing securities which may be located anywhere in the world.
The strategies described below relate to the Fund and the underlying fund, Fidelity Tactical High Income Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: 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.
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Management & Research Company LLC |
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
Fidelity Investments Canada ULC |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 25 |
| MER | 2.14% |
|---|---|
| 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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