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Fidelity American High Yield Fund Series B

High Yield Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2017, 2016, 2015

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NAVPS
(07-19-2024)
$9.05
Change
$0.00 (0.02%)

As at June 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity American High Yield Fund Series B

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Fund Returns

Inception Return (January 31, 1994): 5.53%

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 0.92% 1.79% 6.03% 6.03% 12.68% 12.07% 5.16% 5.32% 4.17% 4.38% 4.28% 5.07% 4.79% 5.89%
Benchmark 1.79% 2.35% 6.59% 6.59% 14.42% 13.47% 3.38% 3.80% 3.77% 4.27% 4.15% 5.14% 5.27% 5.98%
Category Average 0.68% 2.56% 2.56% 2.56% 7.97% 6.42% 0.23% 2.95% 2.20% 2.59% 2.42% 3.11% 2.73% 2.49%
Category Rank 60 / 301 46 / 301 20 / 301 20 / 301 26 / 295 14 / 292 8 / 286 53 / 276 48 / 270 41 / 250 40 / 238 37 / 221 24 / 193 7 / 181
Quartile Ranking 1 1 1 1 1 1 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.96% 2.57% -0.54% 0.54% 1.64% 0.97% 1.66% 1.39% 1.07% 0.66% 0.20% 0.92%
Benchmark 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79%

Best Monthly Return Since Inception

10.23% (January 2015)

Worst Monthly Return Since Inception

-28.20% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 11.51% 14.19% 8.49% -0.17% 4.56% 7.95% 0.27% 6.59% -2.67% 8.55%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 1 1 4 4 1 3 4 1 1 3
Category Rank 2/ 173 3/ 185 166/ 201 215/ 229 14/ 240 197/ 265 241/ 275 49/ 277 9/ 286 186/ 295

Best Calendar Return (Last 10 years)

14.19% (2015)

Worst Calendar Return (Last 10 years)

-2.67% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 87.54
Cash and Equivalents 6.98
US Equity 4.07
Foreign Government Bonds 0.94
International Equity 0.20
Other 0.27

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.68
Cash and Cash Equivalent 6.98
Energy 1.44
Financial Services 0.93
Utilities 0.63
Other 1.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.69
Europe 0.84
Latin America 0.31
Other 0.16

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
C&W Senior Financing DAC 6.88% 15-Sep-2027 -
Uber Technologies Inc 4.50% 15-Aug-2029 -
Pacific Gas and Electric Co 4.55% 01-Jan-2030 -
Pacific Gas and Electric Co 4.95% 01-Jan-2050 -
CHARLES SCHWAB 5.38% 31-Dec-2199 -
Dish Network Corp 3.38% 15-Aug-2026 -
Caesars Entertainment Inc 7.00% 15-Feb-2030 -
TransDigm Inc 6.75% 15-Aug-2028 -
CITIGROUP 9.03% 31-Dec-2199 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Fidelity American High Yield Fund Series B

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.53% 6.64% 7.28%
Beta 0.74% 0.86% 0.97%
Alpha 0.03% 0.01% 0.00%
Rsquared 0.85% 0.84% 0.86%
Sharpe 0.40% 0.33% 0.62%
Sortino 0.56% 0.26% 0.65%
Treynor 0.03% 0.03% 0.05%
Tax Efficiency 64.59% 56.41% 68.27%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.72% 5.53% 6.64% 7.28%
Beta 0.64% 0.74% 0.86% 0.97%
Alpha 0.03% 0.03% 0.01% 0.00%
Rsquared 0.75% 0.85% 0.84% 0.86%
Sharpe 2.63% 0.40% 0.33% 0.62%
Sortino 11.45% 0.56% 0.26% 0.65%
Treynor 0.11% 0.03% 0.03% 0.05%
Tax Efficiency 83.84% 64.59% 56.41% 68.27%

Fund Details

Start Date January 31, 1994
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $128

Fund Codes

FundServ Code Load Code Sales Status
FID255

Investment Objectives

The Fund aims to achieve a combination of a high level of income and the potential for capital gains. It invests primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities issued by U.S. companies.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: When buying and selling high yield securities, examines each issuer’s potential based on factors, such as: > Financial condition. > Industry position. > Economic and market conditions. > The security’s features. > Price compared to estimated long-term value. > Earnings potential. > Credit standing. > Quality of management. May by situation, consider ESG criteria when evaluating investment opportunities.

Portfolio Manager(s)

Name Start Date
Harley Lank 08-01-2007
Alexandre Karam 02-21-2020
Fidelity Management & Research Company LLC 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.55%
Management Fee 1.25%
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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