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Fidelity Monthly Income Fund Series B

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Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016, 2015, 2014

Click for more information on Fundata’s FundGrade

NAVPS
(11-22-2024) 		$17.81
Change
$0.05 (0.30%)

As at October 31, 2024

As at September 30, 2024

Period
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Legend

Fidelity Monthly Income Fund Series B

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Fund Returns

Inception Return (November 06, 2003): 6.58%

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 -0.46% 2.30% 8.86% 10.40% 18.35% 9.03% 4.08% 7.43% 5.61% 6.25% 4.97% 4.64% 4.84% 4.73%
Benchmark -0.02% 3.47% 10.06% 11.25% 22.29% 10.73% 4.39% 7.65% 6.51% 7.44% 6.03% 6.02% 6.41% 5.69%
Category Average -0.34% 2.08% 8.14% 9.93% 19.40% 9.80% 3.28% 6.52% 5.31% 5.85% 4.61% 4.80% 4.82% 4.52%
Category Rank 346 / 452 271 / 452 159 / 452 285 / 446 388 / 446 334 / 426 206 / 406 209 / 392 235 / 376 228 / 368 208 / 355 265 / 345 255 / 329 204 / 298
Quartile Ranking 4 3 2 3 4 4 3 3 3 3 3 4 4 3

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 4.42% 2.66% 0.04% 1.10% 1.95% -1.65% 2.36% -0.13% 4.10% 0.56% 2.20% -0.46%
Benchmark 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52% 0.56% 4.19% 0.91% 2.55% -0.02%

Best Monthly Return Since Inception

7.41% (November 2020)

Worst Monthly Return Since Inception

-9.77% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 8.18% 1.37% 6.77% 2.26% -2.30% 11.27% 6.02% 10.63% -5.38% 5.66%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 3 2 3 4 1 4 3 3 1 4
Category Rank 162/ 288 114/ 301 223/ 334 338/ 347 56/ 358 327/ 368 198/ 377 281/ 392 24/ 412 411/ 432

Best Calendar Return (Last 10 years)

11.27% (2019)

Worst Calendar Return (Last 10 years)

-5.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 28.26
US Equity 15.46
Canadian Government Bonds 12.38
International Equity 12.25
Canadian Corporate Bonds 8.05
Other 23.60

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 35.39
Financial Services 10.27
Technology 6.10
Real Estate 5.82
Consumer Services 5.63
Other 36.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 78.88
Europe 8.60
Asia 3.99
Multi-National 3.72
Latin America 1.22
Other 3.59

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
Fidelity Canadian Money Market Investment Trust O -
iShares Gold Trust ETF (IAU) -
United States Treasury 4.38% 15-May-2034 -
Royal Bank of Canada -
High Yield Investments Directly Held -
Toronto-Dominion Bank -
Investment Grade CMBS Securities Directly Held -
Alimentation Couche-Tard Inc Cl A -
Rogers Communications Inc Cl B -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Monthly Income Fund Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 7.43% 8.87% 6.81%
Beta 0.74% 0.82% 0.79%
Alpha 0.01% 0.00% 0.00%
Rsquared 0.93% 0.94% 0.90%
Sharpe 0.11% 0.41% 0.48%
Sortino 0.26% 0.46% 0.39%
Treynor 0.01% 0.04% 0.04%
Tax Efficiency 56.80% 70.42% 73.98%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.41% 7.43% 8.87% 6.81%
Beta 0.81% 0.74% 0.82% 0.79%
Alpha 0.00% 0.01% 0.00% 0.00%
Rsquared 0.92% 0.93% 0.94% 0.90%
Sharpe 1.95% 0.11% 0.41% 0.48%
Sortino 6.83% 0.26% 0.46% 0.39%
Treynor 0.15% 0.01% 0.04% 0.04%
Tax Efficiency 90.50% 56.80% 70.42% 73.98%

Fund Details

Start Date November 06, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3,736

Fund Codes

FundServ Code Load Code Sales Status
FID269

Investment Objectives

The Fund aims to achieve a combination of a steady flow of income and the potential for capital gains. It invests primarily in a mix of Canadian equity securities, Canadian fixed income securities, U.S. commercial mortgage-backed securities, and U.S. higher yielding, lower quality fixed income securities, preferred stocks and convertible securities. The Fund can invest in these securities either directly or indirectly through investments in underlying funds.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 50% equity securities and 50% fixed income securities, which may be Canadian or foreign. 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. May invest in a wide variety of equity and fixed income securities.

Portfolio Manager(s)

Name Start Date
Don Newman 11-06-2003
David Bagnani 11-06-2003
Harley Lank 08-01-2007
Daniel Dupont 09-01-2008
Geoffrey D. Stein 03-25-2011
Catriona Martin 04-01-2011
Sri Tella 03-23-2017
David D. Wolf 03-23-2017
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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.07%
Management Fee 1.70%
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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