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Fidelity Canadian Bond Fund Series B

Canadian Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-09-2025)
$13.17
Change
-$0.08 (-0.57%)

As at March 31, 2025

As at December 31, 2024

Period
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Legend

Fidelity Canadian Bond Fund Series B

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Fund Returns

Inception Return (February 04, 1988): 4.96%

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 -0.38% 1.72% 1.62% 1.72% 6.87% 4.32% 1.85% 0.00% 0.70% 0.86% 1.32% 1.24% 1.25% 1.06%
Benchmark -0.29% 1.98% 1.88% 1.98% 7.55% 4.70% 2.36% 0.69% 0.79% 1.41% 1.93% 1.90% 1.84% 1.72%
Category Average -0.44% 1.66% 1.33% 1.66% 6.59% 4.29% 1.74% 0.01% 0.75% 0.95% 1.32% 1.23% 1.26% 1.06%
Category Rank 232 / 488 326 / 487 290 / 482 326 / 487 296 / 456 279 / 435 289 / 425 293 / 411 236 / 391 258 / 371 240 / 347 212 / 319 206 / 294 187 / 266
Quartile Ranking 2 3 3 3 3 3 3 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.93% 1.69% 1.12% 2.08% 0.40% 1.76% -1.07% 1.49% -0.50% 1.04% 1.05% -0.38%
Benchmark -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29%

Best Monthly Return Since Inception

5.76% (June 1988)

Worst Monthly Return Since Inception

-6.08% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 2.10% 1.10% 1.95% 0.19% 6.50% 8.12% -2.92% -12.50% 5.97% 3.75%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.68%
Quartile Ranking 3 3 2 4 2 3 3 4 3 3
Category Rank 170/ 262 207/ 287 148/ 317 263/ 338 140/ 369 262/ 382 245/ 405 339/ 423 310/ 429 313/ 452

Best Calendar Return (Last 10 years)

8.12% (2020)

Worst Calendar Return (Last 10 years)

-12.50% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 54.73
Canadian Corporate Bonds 41.91
Cash and Equivalents 3.17
Foreign Government Bonds 0.15
Canadian Bonds - Other 0.01
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.80
Cash and Cash Equivalent 3.17
Other 0.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.82
Europe 0.15
Other 0.03

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 -
Canada Government 1.50% 01-Dec-2031 -
Canada Government 1.50% 01-Jun-2031 -
Canada Housing Trust No 1 3.95% 15-Jun-2028 -
Canada Government 3.50% 01-Sep-2029 -
Canada Government 2.75% 01-Jun-2033 -
Canada Housing Trust No 1 3.55% 15-Sep-2032 -
Canada Government 3.00% 01-Jun-2034 -
Ontario Province 3.75% 02-Jun-2032 -
Canada Government 4.00% 01-Mar-2029 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Canadian Bond Fund Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.58% 6.31% 5.28%
Beta 0.97% 0.99% 0.99%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.95% 0.96% 0.95%
Sharpe -0.28% -0.24% -0.09%
Sortino -0.21% -0.45% -0.45%
Treynor -0.02% -0.02% 0.00%
Tax Efficiency 46.65% - 21.14%
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 1 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 4.38% 6.58% 6.31% 5.28%
Beta 0.75% 0.97% 0.99% 0.99%
Alpha 0.01% 0.00% 0.00% -0.01%
Rsquared 0.72% 0.95% 0.96% 0.95%
Sharpe 0.65% -0.28% -0.24% -0.09%
Sortino 1.37% -0.21% -0.45% -0.45%
Treynor 0.04% -0.02% -0.02% 0.00%
Tax Efficiency 84.90% 46.65% - 21.14%

Fund Details

Start Date February 04, 1988
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $167

Fund Codes

FundServ Code Load Code Sales Status
FID233

Investment Objectives

The Fund aims to provide a steady flow of income. It invests primarily in Canadian fixed income securities.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses the FTSE Canada Universe Bond Index as a guide to structuring the Fund’s portfolio and selecting investments, and manages the Fund to have an overall interest rate risk that is similar to the index. Allocates the Fund’s assets among issuers in different market sectors, industries, and maturities, based on its view of the relative value of each sector or maturity. Invests mainly in investment grade securities.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Catriona Martin
  • Sri Tella
Sub-Advisor

Fidelity Management & Research Company LLC

Management and Organization

Fund Manager

Fidelity Investments Canada ULC

Custodian

CIBC Mellon Trust Company

State Street Trust Company Canada

Registrar

Fidelity Investments Canada ULC

Distributor

Fidelity Investments Canada ULC

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 1.26%
Management Fee 1.00%
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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