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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
(12-06-2024)
$10.08
Change
$0.03 (0.33%)

As at October 31, 2024

As at September 30, 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): 3.45%

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 -0.41% 1.34% 4.28% 4.02% 7.43% 4.70% 1.35% 0.65% 1.28% 1.73% 1.40% 1.14% 1.17% 1.22%
Benchmark -0.30% 1.59% 4.68% 4.73% 8.05% 5.17% 1.98% 1.23% 1.90% 2.33% 2.02% 1.77% 1.79% 1.87%
Category Average -0.28% 1.36% 4.16% 4.34% 7.89% 5.02% 1.58% 1.13% 1.59% 1.92% 1.61% 1.41% 1.41% 1.34%
Category Rank 295 / 325 248 / 321 184 / 312 244 / 280 203 / 278 205 / 261 194 / 247 194 / 233 186 / 228 166 / 214 161 / 201 149 / 183 140 / 178 121 / 161
Quartile Ranking 4 4 3 4 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 1.72% 1.53% -0.21% 0.00% 0.45% -0.50% 0.83% 0.71% 1.33% 0.55% 1.20% -0.41%
Benchmark 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30%

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 3 4 4 3 3 3 4 3 3
Category Rank 84/ 145 85/ 165 144/ 178 142/ 183 119/ 203 155/ 218 132/ 228 192/ 234 159/ 248 176/ 261

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 45.42
Canadian Corporate Bonds 42.61
Cash and Equivalents 11.35
Foreign Corporate Bonds 0.33
Foreign Government Bonds 0.14
Other 0.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.64
Cash and Cash Equivalent 11.36

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.86
Europe 0.14

Top Holdings

Top Holdings
Name Percent
Canada Government 4.00% 01-Mar-2029 -
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 -
Ontario Province 2.90% 02-Jun-2028 -
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 -

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 2.93% 2.60% 2.08%
Beta 1.02% 1.04% 1.02%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.95% 0.96%
Sharpe -0.71% -0.37% -0.17%
Sortino -0.69% -0.80% -1.02%
Treynor -0.02% -0.01% 0.00%
Tax Efficiency 43.68% 47.35% 43.96%
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 2.63% 2.93% 2.60% 2.08%
Beta 1.06% 1.02% 1.04% 1.02%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 1.00% 0.99% 0.95% 0.96%
Sharpe 0.99% -0.71% -0.37% -0.17%
Sortino 3.76% -0.69% -0.80% -1.02%
Treynor 0.02% -0.02% -0.01% 0.00%
Tax Efficiency 87.83% 43.68% 47.35% 43.96%

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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