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Fidelity Monthly Income Fund Series B

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

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NAVPS
(05-16-2024)
$16.83
Change
$0.01 (0.06%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Monthly Income Fund Series B

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Fund Returns

Inception Return (November 06, 2003): 6.31%

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 -1.65% 1.37% 8.71% 1.41% 3.38% 2.29% 2.51% 5.67% 4.32% 4.66% 3.65% 4.13% 3.76% 4.04%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 115 / 448 308 / 442 414 / 442 337 / 442 378 / 431 358 / 418 284 / 389 274 / 378 216 / 368 193 / 361 237 / 346 272 / 333 210 / 299 210 / 287
Quartile Ranking 2 3 4 4 4 4 3 3 3 3 3 4 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.81% 0.96% 0.45% -0.45% -2.65% -0.45% 4.42% 2.66% 0.04% 1.10% 1.95% -1.65%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

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 163/ 286 113/ 299 219/ 331 335/ 344 56/ 355 326/ 365 196/ 374 280/ 389 24/ 409 408/ 429

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 25.06
US Equity 13.88
Canadian Government Bonds 13.65
International Equity 12.62
Canadian Corporate Bonds 10.41
Other 24.38

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.97
Financial Services 8.25
Real Estate 5.91
Consumer Services 5.79
Cash and Cash Equivalent 5.28
Other 35.80

Geographic Allocation

Geographic Allocation
Name Percent
North America 77.76
Europe 8.08
Multi-National 5.14
Asia 3.69
Latin America 1.17
Other 4.16

Top Holdings

Top Holdings
Name Percent
Fidelity Canadian Money Market Investment Trust O -
Fidelity American High Yield Fund Series O -
iShares Gold Trust ETF (IAU) -
High Yield Investments Directly Held -
United States Treasury 3.63% 31-Mar-2030 -
Investment Grade CMBS Securities Directly Held -
MSCI EAFE Index Future -
Alimentation Couche-Tard Inc Cl A -
MSCI Emerging Markets Index Future -
United States Treasury 3.63% 15-Feb-2053 -

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 7.06% 8.65% 6.67%
Beta 0.72% 0.81% 0.77%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.94% 0.94% 0.89%
Sharpe 0.00% 0.30% 0.42%
Sortino -0.05% 0.26% 0.25%
Treynor 0.00% 0.03% 0.04%
Tax Efficiency 32.90% 61.85% 69.61%
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 7.37% 7.06% 8.65% 6.67%
Beta 0.75% 0.72% 0.81% 0.77%
Alpha 0.00% 0.00% 0.00% 0.00%
Rsquared 0.97% 0.94% 0.94% 0.89%
Sharpe -0.17% 0.00% 0.30% 0.42%
Sortino 0.12% -0.05% 0.26% 0.25%
Treynor -0.02% 0.00% 0.03% 0.04%
Tax Efficiency 51.01% 32.90% 61.85% 69.61%

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) $3,687

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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