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Fidelity Income Allocation Fund Series B

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Canadian Fix Inc 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
(12-20-2024) 		$15.78
Change
$0.07 (0.45%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Fidelity Income Allocation Fund Series B

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Fund Returns

Inception Return (May 25, 2005): 6.27%

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 1.47% 3.59% 8.16% 10.28% 12.76% 7.08% 3.28% 3.25% 3.63% 4.47% 3.75% 3.55% 3.63% 3.70%
Benchmark 2.72% 4.31% 10.30% 9.65% 13.54% 7.55% 2.75% 2.68% 3.56% 4.76% 3.94% 3.97% 4.24% 3.89%
Category Average 2.26% 3.54% 7.58% 9.51% 12.90% 7.32% 2.56% 2.64% 3.11% 4.01% 3.16% 3.34% 3.37% 3.15%
Category Rank 398 / 411 189 / 409 114 / 409 163 / 408 234 / 408 264 / 404 132 / 379 137 / 361 140 / 340 133 / 312 108 / 287 151 / 275 145 / 251 101 / 242
Quartile Ranking 4 2 2 2 3 3 2 2 2 2 2 3 3 2

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.25% -0.16% 0.48% 1.08% -1.35% 1.92% 0.53% 3.53% 0.31% 2.44% -0.33% 1.47%
Benchmark 3.54% -0.88% 0.16% 1.39% -1.91% 0.69% 1.88% 3.07% 0.70% 2.15% -0.59% 2.72%

Best Monthly Return Since Inception

6.98% (May 2009)

Worst Monthly Return Since Inception

-10.36% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.64% 4.34% 3.92% 1.34% 0.49% 7.89% 6.67% 4.71% -7.09% 5.05%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking 1 1 3 4 1 4 3 2 1 4
Category Rank 17/ 226 31/ 242 163/ 252 272/ 275 16/ 288 254/ 312 205/ 341 149/ 364 32/ 380 399/ 404

Best Calendar Return (Last 10 years)

9.64% (2014)

Worst Calendar Return (Last 10 years)

-7.09% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 26.16
Canadian Corporate Bonds 16.43
Canadian Equity 16.00
US Equity 9.05
Foreign Government Bonds 6.18
Other 26.18

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 58.35
Cash and Cash Equivalent 4.55
Utilities 4.46
Consumer Goods 4.13
Real Estate 3.94
Other 24.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.06
Asia 4.60
Europe 4.47
Latin America 2.51
Multi-National 2.16
Other 5.20

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Currency Neut Fd B -
iShares Gold Trust ETF (IAU) -
Investment Grade CMBS Securities Directly Held -
BCE Inc -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
Rogers Communications Inc Cl B -
High Yield Investments Directly Held -
TC Energy Corp -
iShares Core S&P 500 ETF (IVV) -
Fidelity Canadian Money Market Investment Trust O -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Income Allocation Fund Series B

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 6.32% 6.59% 5.52%
Beta 0.76% 0.83% 0.85%
Alpha 0.01% 0.01% 0.00%
Rsquared 0.91% 0.93% 0.87%
Sharpe -0.02% 0.23% 0.39%
Sortino 0.10% 0.17% 0.21%
Treynor 0.00% 0.02% 0.03%
Tax Efficiency 56.19% 66.25% 70.39%
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 4.76% 6.32% 6.59% 5.52%
Beta 0.70% 0.76% 0.83% 0.85%
Alpha 0.03% 0.01% 0.01% 0.00%
Rsquared 0.75% 0.91% 0.93% 0.87%
Sharpe 1.61% -0.02% 0.23% 0.39%
Sortino 5.23% 0.10% 0.17% 0.21%
Treynor 0.11% 0.00% 0.02% 0.03%
Tax Efficiency 92.18% 56.19% 66.25% 70.39%

Fund Details

Start Date May 25, 2005
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,151

Fund Codes

FundServ Code Load Code Sales Status
FID294

Investment Objectives

The Fund aims to achieve a high total investment return. It invests primarily in investment grade fixed income securities, higher yielding lower quality fixed income securities, equity securities of companies that pay dividends or are expected to pay dividends, and other securities that are expected to distribute income. 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 30% equity securities and 70% fixed income securities. May vary the asset mix from the neutral mix if it believes this produces the best overall balance of risk and return. Generally keeps the Fund’s asset mix within the following ranges: 0%-50% equity securities and 50%-100% fixed income securities.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 11-12-2021
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 1.74%
Management Fee 1.40%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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