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Fidelity Tactical High Income Currency Neutral Fund Series B
Tactical Balanced
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FundGrade C
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FundGrade A+® Rating Recipient
2021, 2020
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|
NAVPS (09-15-2026) |
$15.69 |
|---|---|
| Change |
-$0.13
(-0.82%)
|
As at August 31, 2026
As at June 30, 2026
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Fund Returns
Inception Return (May 28, 2014): 5.95%
| 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 | 6.85% | 1.67% | 2.57% | 9.26% | 12.51% | 10.01% | 9.99% | 8.65% | 4.29% | 6.76% | 7.55% | 7.46% | 6.88% | 6.31% |
| Benchmark | 0.55% | 1.14% | 5.43% | 8.72% | 12.83% | 12.58% | 13.40% | 12.75% | 6.87% | 7.67% | 7.94% | 7.64% | 7.90% | 7.56% |
| Category Average | 1.08% | 1.34% | 3.15% | 7.80% | 12.01% | 10.40% | 11.30% | 9.66% | 5.63% | 6.88% | 6.46% | 5.88% | 5.70% | 5.50% |
| Category Rank | 7 / 329 | 124 / 329 | 220 / 328 | 134 / 326 | 164 / 325 | 195 / 318 | 245 / 315 | 202 / 294 | 232 / 288 | 170 / 279 | 88 / 271 | 74 / 253 | 99 / 241 | 107 / 225 |
| Quartile Ranking | 1 | 2 | 3 | 2 | 3 | 3 | 4 | 3 | 4 | 3 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.18% | 2.27% | -2.04% | -1.34% | 3.06% | 3.37% | -4.60% | 4.84% | 0.86% | -3.66% | -1.23% | 6.85% |
| Benchmark | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% | -1.63% | 0.55% |
Best Monthly Return Since Inception
7.62% (November 2020)
Worst Monthly Return Since Inception
-7.24% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 8.52% | 3.69% | -5.36% | 19.72% | 12.72% | 14.99% | -14.35% | 9.29% | 7.75% | 9.76% |
| 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 | 2 | 4 | 4 | 1 | 1 | 2 | 4 | 2 | 4 | 2 |
| Category Rank | 46/ 176 | 190/ 228 | 204/ 242 | 4/ 258 | 21/ 277 | 71/ 279 | 271/ 293 | 107/ 313 | 269/ 315 | 154/ 318 |
Best Calendar Return (Last 10 years)
19.72% (2019)
Worst Calendar Return (Last 10 years)
-14.35% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 38.81 |
| Foreign Government Bonds | 30.69 |
| Foreign Corporate Bonds | 14.36 |
| International Equity | 9.51 |
| Canadian Equity | 4.46 |
| Other | 2.17 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 46.98 |
| Technology | 15.54 |
| Energy | 12.02 |
| Healthcare | 6.02 |
| Consumer Services | 3.26 |
| Other | 16.18 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 88.30 |
| Europe | 6.37 |
| Latin America | 4.27 |
| Asia | 0.71 |
| Africa and Middle East | 0.26 |
| Other | 0.09 |
Top Holdings
| Name | Percent |
|---|---|
| USTB 4.75% 15-Feb-2056 | - |
| USTN 4.38% 15-May-2036 | - |
| Microstrategy Inc - Pfd | - |
| International Seaways Inc | - |
| DHT Holdings Inc | - |
| Alphabet Inc Cl A | - |
| Amazon.com Inc | - |
| NVIDIA Corp | - |
| ALMONTY INDS INC | - |
| USTB 5.00% 15-May-2056 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Tactical High Income Currency Neutral Fund Series B
Median
Other - Tactical Balanced
3 Yr Annualized
| Standard Deviation | 10.64% | 10.83% | 9.65% |
|---|---|---|---|
| Beta | 1.02 | 1.00 | 0.93 |
| Alpha | -0.03 | -0.02 | 0.00 |
| Rsquared | 0.48% | 0.59% | 0.50% |
| Sharpe | 0.63 | 0.16 | 0.48 |
| Sortino | 1.10 | 0.24 | 0.56 |
| Treynor | 0.07 | 0.02 | 0.05 |
| Tax Efficiency | 92.78% | 84.55% | 88.51% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 12.50% | 10.64% | 10.83% | 9.65% |
| Beta | 0.88 | 1.02 | 1.00 | 0.93 |
| Alpha | 0.02 | -0.03 | -0.02 | 0.00 |
| Rsquared | 0.32% | 0.48% | 0.59% | 0.50% |
| Sharpe | 0.82 | 0.63 | 0.16 | 0.48 |
| Sortino | 1.37 | 1.10 | 0.24 | 0.56 |
| Treynor | 0.12 | 0.07 | 0.02 | 0.05 |
| Tax Efficiency | 94.27% | 92.78% | 84.55% | 88.51% |
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 |
|---|---|---|
| FID2484 |
Investment Objectives
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.
Investment Strategy
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 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 | 25 |
Fees
| 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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