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Fidelity U.S. Monthly Income Currency Neutral Fund Series B

Global Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024)
$16.34
Change
$0.11 (0.67%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Fidelity U.S. Monthly Income Currency Neutral Fund Series B

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Fund Returns

Inception Return (May 28, 2014): 4.08%

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 3.20% 3.16% 8.24% 12.27% 16.87% 8.10% 2.68% 4.78% 4.41% 5.12% 4.13% 4.55% 4.66% 3.97%
Benchmark 2.87% 5.40% 10.72% 17.28% 19.68% 13.41% 5.30% 5.73% 6.56% 7.36% 6.49% 7.10% 6.83% 7.51%
Category Average 2.87% 4.26% 8.53% 13.60% 16.89% 10.20% 4.14% 5.37% 5.45% 6.18% 5.05% 5.53% 5.33% 5.08%
Category Rank 588 / 1,771 1,561 / 1,761 1,203 / 1,749 1,371 / 1,725 1,051 / 1,725 1,539 / 1,672 1,357 / 1,546 994 / 1,411 1,078 / 1,325 1,025 / 1,233 907 / 1,115 787 / 975 641 / 882 664 / 773
Quartile Ranking 2 4 3 4 3 4 4 3 4 4 4 4 3 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 4.09% -0.17% 1.34% 2.78% -2.65% 2.47% 0.13% 2.98% 1.75% 1.42% -1.44% 3.20%
Benchmark 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21% 2.87%

Best Monthly Return Since Inception

6.84% (November 2020)

Worst Monthly Return Since Inception

-11.51% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -2.67% 8.16% 6.53% -6.47% 15.45% 4.41% 11.69% -12.29% 6.61%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - 4 1 3 4 1 4 1 3 4
Category Rank - 760/ 783 116/ 892 581/ 976 1,038/ 1,122 163/ 1,244 1,074/ 1,334 329/ 1,417 1,107/ 1,554 1,507/ 1,672

Best Calendar Return (Last 10 years)

15.45% (2019)

Worst Calendar Return (Last 10 years)

-12.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 40.57
Foreign Corporate Bonds 29.71
Foreign Government Bonds 14.18
International Equity 5.87
Cash and Equivalents 4.72
Other 4.95

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 45.71
Financial Services 7.73
Real Estate 7.56
Healthcare 5.85
Technology 5.02
Other 28.13

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.21
Europe 5.35
Latin America 2.86
Multi-National 2.23
Asia 1.44
Other 1.91

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
JPMorgan Chase & Co -
iShares Gold Trust ETF (IAU) -
Exxon Mobil Corp -
United States Treasury 4.00% 31-Oct-2029 -
United States Treasury 3.88% 15-Aug-2033 -
United States Treasury 2.75% 15-Aug-2032 -
United States Treasury 4.25% 30-Jun-2031 -
UnitedHealth Group Inc -
Linde PLC -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity U.S. Monthly Income Currency Neutral Fund Series B

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 10.31% 11.14% 8.90%
Beta 1.00% 1.10% 0.71%
Alpha -0.02% -0.02% -0.01%
Rsquared 0.78% 0.67% 0.39%
Sharpe -0.04% 0.24% 0.30%
Sortino 0.02% 0.23% 0.20%
Treynor 0.00% 0.02% 0.04%
Tax Efficiency 19.69% 52.06% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.98% 10.31% 11.14% 8.90%
Beta 1.04% 1.00% 1.10% 0.71%
Alpha -0.03% -0.02% -0.02% -0.01%
Rsquared 0.55% 0.78% 0.67% 0.39%
Sharpe 1.63% -0.04% 0.24% 0.30%
Sortino 3.82% 0.02% 0.23% 0.20%
Treynor 0.11% 0.00% 0.02% 0.04%
Tax Efficiency 90.97% 19.69% 52.06% -

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) $35

Fund Codes

FundServ Code Load Code Sales Status
FID2697

Investment Objectives

The Fund aims to achieve a combination of a steady flow of income and the potential for capital gains. 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 achieve a combination of a steady flow of income and the potential for capital gains by investing primarily in a mix of U.S. income-producing securities.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity U.S. Monthly Income Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Follows a neutral mix guideline of approximately 50% equity securities and 50% fixed income securities. Depending on market conditions, may vary the asset mix by up to +/- 20% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Geoffrey D. Stein 08-04-2021
David D. Wolf 08-04-2021
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 2.29%
Management Fee 1.80%
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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