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Tactical Balanced
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2021, 2020
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|
NAVPS (05-02-2024) |
$12.88 |
|---|---|
| Change |
$0.10
(0.78%)
|
As at March 31, 2024
As at December 31, 2023
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Inception Return (May 28, 2014): 5.16%
| 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 | 3.21% | 4.34% | 10.93% | 4.34% | 7.66% | -0.18% | 1.76% | 9.39% | 7.24% | 6.76% | 5.59% | 6.12% | 5.26% | - |
| Benchmark | 1.80% | 5.77% | 13.57% | 5.77% | 12.38% | 6.05% | 3.87% | 6.63% | 5.64% | 5.56% | 5.88% | 6.44% | 5.97% | 7.01% |
| Category Average | 1.99% | 11.46% | 11.46% | 4.38% | 9.40% | 2.80% | 3.17% | 7.29% | 4.50% | 4.05% | 3.79% | 4.45% | 3.50% | 3.87% |
| Category Rank | 7 / 360 | 182 / 360 | 185 / 360 | 182 / 360 | 220 / 358 | 320 / 358 | 275 / 342 | 73 / 334 | 42 / 317 | 46 / 299 | 60 / 274 | 66 / 242 | 50 / 179 | - |
| Quartile Ranking | 1 | 3 | 3 | 3 | 3 | 4 | 4 | 1 | 1 | 1 | 1 | 2 | 2 | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.82% | -1.27% | 2.39% | 1.50% | -1.55% | -3.13% | -2.17% | 4.81% | 3.68% | 0.24% | 0.86% | 3.21% |
| Benchmark | 1.29% | -1.31% | 0.46% | 1.75% | 0.57% | -3.70% | 0.21% | 5.00% | 2.05% | 0.78% | 3.10% | 1.80% |
7.62% (November 2020)
-7.24% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 0.70% | 8.52% | 3.69% | -5.36% | 19.72% | 12.72% | 14.99% | -14.35% | 9.29% |
| 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 | - | 4 | 1 | 4 | 4 | 1 | 1 | 1 | 4 | 2 |
| Category Rank | - | 126/ 166 | 50/ 210 | 219/ 274 | 256/ 296 | 4/ 312 | 24/ 332 | 64/ 336 | 335/ 357 | 130/ 358 |
19.72% (2019)
-14.35% (2022)
| Name | Percent |
|---|---|
| Foreign Government Bonds | 38.12 |
| US Equity | 29.93 |
| Foreign Corporate Bonds | 14.62 |
| Cash and Equivalents | 7.78 |
| International Equity | 6.55 |
| Other | 3.00 |
| Name | Percent |
|---|---|
| Fixed Income | 53.48 |
| Technology | 9.28 |
| Cash and Cash Equivalent | 7.79 |
| Energy | 4.93 |
| Healthcare | 4.87 |
| Other | 19.65 |
| Name | Percent |
|---|---|
| North America | 74.00 |
| Multi-National | 17.66 |
| Latin America | 3.92 |
| Europe | 3.85 |
| Other | 0.57 |
| 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 | - |
| CAD 1/4/2024 FORWARD CC | - |
| DHT Holdings Inc | - |
| Amazon.com Inc | - |
| Uber Technologies Inc 7.50% 01-Feb-2024 | - |
Fidelity Tactical High Income Currency Neutral Fund Series B
Median
Other - Tactical Balanced
| Standard Deviation | 10.17% | 10.82% | - |
|---|---|---|---|
| Beta | 0.93% | 1.08% | - |
| Alpha | -0.02% | 0.01% | - |
| Rsquared | 0.68% | 0.66% | - |
| Sharpe | -0.04% | 0.52% | - |
| Sortino | -0.10% | 0.63% | - |
| Treynor | 0.00% | 0.05% | - |
| Tax Efficiency | 59.06% | 90.26% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.74% | 10.17% | 10.82% | - |
| Beta | 0.92% | 0.93% | 1.08% | - |
| Alpha | -0.03% | -0.02% | 0.01% | - |
| Rsquared | 0.62% | 0.68% | 0.66% | - |
| Sharpe | 0.34% | -0.04% | 0.52% | - |
| Sortino | 0.97% | -0.10% | 0.63% | - |
| Treynor | 0.03% | 0.00% | 0.05% | - |
| Tax Efficiency | 88.62% | 59.06% | 90.26% | - |
| 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) | $71 |
| 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.
| Name | Start Date |
|---|---|
| Ford O'Neil | 05-28-2014 |
| Adam Kramer | 05-28-2014 |
| Ramona Persaud | 02-20-2020 |
| Fidelity Management & Research Company LLC | 02-06-2023 |
| 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 |
| 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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