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High Yield Fixed Income
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2023, 2017, 2016, 2015
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|
NAVPS (11-19-2024) |
$9.46 |
|---|---|
| Change |
-$0.02
(-0.21%)
|
As at October 31, 2024
As at June 30, 2024
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Inception Return (January 31, 1994): 5.68%
| 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 | 2.56% | 3.99% | 7.78% | 13.02% | 15.99% | 11.18% | 6.98% | 6.45% | 5.21% | 5.41% | 5.00% | 4.84% | 5.24% | 6.06% |
| Benchmark | 2.26% | 3.80% | 8.78% | 13.90% | 17.70% | 14.40% | 6.03% | 4.76% | 4.75% | 5.41% | 4.78% | 4.95% | 5.71% | 6.38% |
| Category Average | -0.34% | 1.96% | 5.58% | 6.30% | 13.32% | 8.38% | 1.37% | 2.95% | 2.78% | 3.24% | 2.70% | 3.06% | 3.36% | 2.90% |
| Category Rank | 10 / 304 | 6 / 303 | 20 / 302 | 12 / 302 | 47 / 302 | 43 / 296 | 12 / 287 | 27 / 277 | 33 / 271 | 29 / 259 | 25 / 237 | 39 / 225 | 33 / 195 | 10 / 182 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.64% | 0.97% | 1.66% | 1.39% | 1.07% | 0.66% | 0.20% | 0.92% | 2.49% | -1.07% | 2.49% | 2.56% |
| Benchmark | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% |
10.23% (January 2015)
-28.20% (August 1998)
| 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/ 171 | 3/ 183 | 164/ 199 | 213/ 227 | 14/ 238 | 196/ 263 | 239/ 273 | 49/ 278 | 11/ 287 | 189/ 296 |
14.19% (2015)
-2.67% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 85.95 |
| Cash and Equivalents | 9.40 |
| US Equity | 3.54 |
| Foreign Government Bonds | 0.61 |
| International Equity | 0.24 |
| Other | 0.26 |
| Name | Percent |
|---|---|
| Fixed Income | 86.77 |
| Cash and Cash Equivalent | 9.40 |
| Energy | 1.41 |
| Utilities | 0.62 |
| Financial Services | 0.44 |
| Other | 1.36 |
| Name | Percent |
|---|---|
| North America | 98.95 |
| Europe | 0.82 |
| Latin America | 0.20 |
| Other | 0.03 |
| 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% 08-Sep-2024 | - |
| 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 | - |
| TransDigm Inc 5.50% 15-Nov-2027 | - |
Fidelity American High Yield Fund Series B
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.70% | 6.83% | 7.35% |
|---|---|---|---|
| Beta | 0.78% | 0.87% | 0.98% |
| Alpha | 0.02% | 0.01% | 0.00% |
| Rsquared | 0.84% | 0.85% | 0.87% |
| Sharpe | 0.61% | 0.45% | 0.62% |
| Sortino | 1.04% | 0.46% | 0.68% |
| Treynor | 0.04% | 0.04% | 0.05% |
| Tax Efficiency | 73.13% | 65.07% | 69.14% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.64% | 5.70% | 6.83% | 7.35% |
| Beta | 0.91% | 0.78% | 0.87% | 0.98% |
| Alpha | 0.00% | 0.02% | 0.01% | 0.00% |
| Rsquared | 0.80% | 0.84% | 0.85% | 0.87% |
| Sharpe | 2.84% | 0.61% | 0.45% | 0.62% |
| Sortino | 9.10% | 1.04% | 0.46% | 0.68% |
| Treynor | 0.11% | 0.04% | 0.04% | 0.05% |
| Tax Efficiency | 87.10% | 73.13% | 65.07% | 69.14% |
| 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) | $149 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID255 |
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.
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.
| Name | Start Date |
|---|---|
| Harley Lank | 08-01-2007 |
| Alexandre Karam | 02-21-2020 |
| Fidelity Management & Research Company LLC | 02-06-2023 |
| 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 |
| 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 |
| 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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