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Floating Rate Loan
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-07-2025) |
$8.57 |
|---|---|
| Change |
$0.00
(-0.04%)
|
As at August 31, 2025
As at June 30, 2025
Inception Return (May 28, 2014): 3.07%
| 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 | 0.21% | 1.15% | 0.90% | 1.18% | 4.13% | 5.61% | 6.29% | 4.56% | 4.99% | 3.67% | 3.33% | 3.24% | 3.28% | 3.23% |
| Benchmark | 1.78% | 4.37% | 9.15% | 11.56% | 14.45% | 13.23% | 16.68% | 8.46% | 7.92% | 6.71% | 5.93% | 5.59% | 5.67% | 5.41% |
| Category Average | 0.02% | 1.17% | 0.91% | 1.39% | 4.02% | 5.64% | 5.83% | 3.53% | 4.29% | 3.09% | 3.02% | 3.16% | 3.38% | 3.29% |
| Category Rank | 25 / 76 | 47 / 76 | 27 / 76 | 36 / 76 | 44 / 76 | 57 / 75 | 46 / 75 | 33 / 74 | 34 / 74 | 35 / 69 | 35 / 67 | 43 / 66 | 41 / 57 | 37 / 53 |
| Quartile Ranking | 2 | 3 | 2 | 2 | 3 | 4 | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.55% | 0.95% | 1.08% | 0.29% | 0.31% | -0.04% | -0.75% | -0.95% | 1.48% | 0.71% | 0.22% | 0.21% |
| Benchmark | 1.62% | 0.99% | -1.53% | 1.52% | 1.61% | 0.58% | 3.62% | 0.14% | 0.79% | 3.17% | -0.61% | 1.78% |
4.10% (April 2020)
-12.85% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.24% | 7.87% | 2.18% | -1.50% | 6.24% | -0.58% | 4.12% | -1.48% | 10.57% | 7.17% |
| Benchmark | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% |
| Category Average | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% |
| Quartile Ranking | 3 | 3 | 4 | 4 | 2 | 3 | 3 | 2 | 2 | 4 |
| Category Rank | 27/ 53 | 31/ 54 | 45/ 57 | 59/ 66 | 31/ 68 | 39/ 74 | 38/ 74 | 27/ 74 | 31/ 75 | 61/ 76 |
10.57% (2023)
-1.50% (2018)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 91.45 |
| Cash and Equivalents | 4.39 |
| Canadian Corporate Bonds | 2.42 |
| US Equity | 1.49 |
| International Equity | 0.22 |
| Other | 0.03 |
| Name | Percent |
|---|---|
| Fixed Income | 93.87 |
| Cash and Cash Equivalent | 4.39 |
| Energy | 0.91 |
| Technology | 0.04 |
| Other | 0.79 |
| Name | Percent |
|---|---|
| North America | 95.31 |
| Europe | 3.11 |
| Latin America | 0.87 |
| Other | 0.71 |
| Name | Percent |
|---|---|
| BASS PRO TERM B 1LN 7.58% 23-Jan-2032 | - |
| U.S. DOLLAR | - |
| GOLDEN NUGGET TM 1LN 7.83% 27-Jan-2029 | - |
| SFR TERM B14 1LN 9.76% 15-Aug-2028 | - |
| SOLERA TERM B 1LN 8.29% 02-Jun-2028 | - |
| ACRISURE TERM B6 1LN 7.33% 06-Nov-2030 | - |
| Fidelity U.S. Money Market Investment Trust O | - |
| ASURION TM B12 1LN 8.58% 19-Sep-2030 | - |
| NOVOLEX TERM 1LN 7.50% 13-Apr-2029 | - |
| MEDLINE TERM 1LN 6.58% 23-Oct-2028 | - |
Fidelity Floating Rate High Income Currency Neutral Fund Series B
Median
Other - Floating Rate Loan
| Standard Deviation | 2.81% | 3.27% | 5.46% |
|---|---|---|---|
| Beta | 0.07% | 0.18% | 0.42% |
| Alpha | 0.05% | 0.03% | 0.01% |
| Rsquared | 0.02% | 0.13% | 0.32% |
| Sharpe | 0.77% | 0.72% | 0.29% |
| Sortino | 1.78% | 0.84% | 0.07% |
| Treynor | 0.30% | 0.13% | 0.04% |
| Tax Efficiency | 54.75% | 57.33% | 44.69% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.44% | 2.81% | 3.27% | 5.46% |
| Beta | -0.12% | 0.07% | 0.18% | 0.42% |
| Alpha | 0.06% | 0.05% | 0.03% | 0.01% |
| Rsquared | 0.06% | 0.02% | 0.13% | 0.32% |
| Sharpe | 0.42% | 0.77% | 0.72% | 0.29% |
| Sortino | 0.68% | 1.78% | 0.84% | 0.07% |
| Treynor | -0.09% | 0.30% | 0.13% | 0.04% |
| Tax Efficiency | 31.92% | 54.75% | 57.33% | 44.69% |
| 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) | $47 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2673 |
The Fund aims to provide a steady flow of income. 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 a steady flow of income by investing primarily in floating rate debt instruments and other floating rate securities of issuers located in the United States or that are denominated in U.S. dollars.
The strategies described below relate to the Fund and the underlying fund, Fidelity Floating Rate High Income Multi-Asset Base Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Invests primarily in floating rate debt instruments, which generally pay interest at rates that are variable or reset periodically at a margin above a generally recognized base lending rate.
| 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 | 50 |
| MER | 1.51% |
|---|---|
| Management Fee | 1.20% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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