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Fidelity Canadian Short Term Bond Fund Series B

Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024)
$9.87
Change
$0.01 (0.10%)

As at May 31, 2024

As at March 31, 2024

Period
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Legend

Fidelity Canadian Short Term Bond Fund Series B

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Fund Returns

Inception Return (January 30, 1995): 3.38%

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 0.83% 0.78% 2.12% 0.58% 4.05% 2.16% -0.20% 0.19% 0.69% 1.13% 0.76% 0.80% 0.76% 0.91%
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 146 / 318 251 / 315 242 / 282 242 / 282 219 / 272 206 / 260 191 / 244 188 / 229 176 / 221 159 / 207 155 / 195 144 / 180 130 / 166 111 / 150
Quartile Ranking 2 4 4 4 4 4 4 4 4 4 4 4 4 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -0.30% -0.06% 0.27% -0.45% 0.72% 1.72% 1.53% -0.21% 0.00% 0.45% -0.50% 0.83%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

2.79% (February 1995)

Worst Monthly Return Since Inception

-1.99% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.39% 1.55% 0.35% -0.32% 0.92% 2.64% 4.54% -1.55% -4.69% 4.63%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 2 4 4 3 3 3 4 3 3
Category Rank 80/ 140 80/ 161 140/ 174 139/ 182 116/ 202 151/ 218 131/ 228 192/ 234 159/ 248 178/ 262

Best Calendar Return (Last 10 years)

4.63% (2023)

Worst Calendar Return (Last 10 years)

-4.69% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 44.78
Canadian Corporate Bonds 43.80
Cash and Equivalents 10.17
Foreign Corporate Bonds 0.99
Mortgages 0.27
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.86
Cash and Cash Equivalent 10.17
Other -0.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.90
Europe 0.13
Other -0.03

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 -
Ontario Province 2.60% 02-Jun-2027 -
Canada Housing Trust No 1 3.95% 15-Jun-2028 -
Ontario Province 2.40% 02-Jun-2026 -
Canada Housing Trust No 1 1.55% 15-Dec-2026 -
CANADA HSG TR1 3.10% 15-Jun-2028 -
Canada Government 2.75% 01-Sep-2027 -
Quebec Province 2.50% 01-Sep-2026 -
Canada Government 3.00% 01-Apr-2026 -
Ontario Province 2.90% 02-Jun-2028 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Canadian Short Term Bond Fund Series B

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.79% 2.48% 2.00%
Beta 1.03% 1.04% 1.02%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.94% 0.95%
Sharpe -1.09% -0.53% -0.26%
Sortino -1.28% -1.08% -1.20%
Treynor -0.03% -0.01% -0.01%
Tax Efficiency - 5.15% 26.19%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.57% 2.79% 2.48% 2.00%
Beta 1.05% 1.03% 1.04% 1.02%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.94% 0.95%
Sharpe -0.32% -1.09% -0.53% -0.26%
Sortino 0.77% -1.28% -1.08% -1.20%
Treynor -0.01% -0.03% -0.01% -0.01%
Tax Efficiency 78.85% - 5.15% 26.19%

Fund Details

Start Date January 30, 1995
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $200

Fund Codes

FundServ Code Load Code Sales Status
FID285

Investment Objectives

The Fund aims to achieve a high level of current income while protecting capital. It invests primarily in Canadian fixed income securities.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses the FTSE Canada Short Term 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 similar to that of 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, industry, or maturity.

Portfolio Manager(s)

Name Start Date
Catriona Martin 06-03-2013
Sri Tella 04-01-2015
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 50
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 500

Fees

MER 1.15%
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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