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High Yield Fixed Income
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|
NAVPS (10-11-2024) |
$8.27 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at September 30, 2024
As at June 30, 2024
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Inception Return (November 06, 2006): 4.65%
| 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 | 2.05% | 4.83% | 5.52% | 7.43% | 13.31% | 11.02% | 2.43% | 4.90% | 3.39% | 3.33% | 3.18% | 3.58% | 4.09% | 3.46% |
| Benchmark | 2.00% | 4.50% | 6.96% | 11.39% | 16.92% | 13.88% | 3.99% | 4.21% | 4.33% | 4.99% | 4.94% | 4.89% | 5.51% | 6.30% |
| Category Average | 1.23% | 5.02% | 5.02% | 6.67% | 12.65% | 9.09% | 1.37% | 3.08% | 2.89% | 3.06% | 2.83% | 3.11% | 3.64% | 3.00% |
| Category Rank | 22 / 305 | 34 / 304 | 90 / 303 | 105 / 303 | 149 / 301 | 81 / 297 | 98 / 288 | 69 / 275 | 123 / 271 | 138 / 256 | 123 / 237 | 95 / 222 | 106 / 194 | 99 / 183 |
| Quartile Ranking | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 3 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.57% | 3.77% | 3.27% | 0.18% | 0.40% | 1.22% | -0.98% | 1.14% | 0.50% | 1.51% | 1.20% | 2.05% |
| Benchmark | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% |
8.25% (April 2009)
-15.17% (October 2008)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.79% | -3.47% | 11.00% | 5.87% | -4.54% | 12.40% | 0.59% | 7.41% | -9.62% | 10.10% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 3 | 3 | 3 | 2 | 4 | 1 | 4 | 1 | 2 | 2 |
| Category Rank | 114/ 172 | 101/ 184 | 133/ 200 | 66/ 228 | 196/ 239 | 50/ 264 | 234/ 274 | 36/ 279 | 142/ 288 | 108/ 297 |
12.40% (2019)
-9.62% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 86.30 |
| Cash and Equivalents | 9.03 |
| US Equity | 3.54 |
| Foreign Government Bonds | 0.61 |
| International Equity | 0.24 |
| Other | 0.28 |
| Name | Percent |
|---|---|
| Fixed Income | 87.12 |
| Cash and Cash Equivalent | 9.03 |
| Energy | 1.41 |
| Utilities | 0.62 |
| Financial Services | 0.44 |
| Other | 1.38 |
| Name | Percent |
|---|---|
| North America | 98.93 |
| Europe | 0.82 |
| Latin America | 0.20 |
| Other | 0.05 |
| Name | Percent |
|---|---|
| Fidelity U.S. Money Market Investment Trust O | - |
| C&W Senior Financing DAC 6.88% 15-Sep-2027 | - |
| Uber Technologies Inc 4.50% 08-Sep-2024 | - |
| Pacific Gas and Electric Co 4.55% 01-Jan-2030 | - |
| Pacific Gas and Electric Co 4.95% 01-Jan-2050 | - |
| CHARLES SCHWAB 5.38% 31-Dec-2199 | - |
| Dish Network Corp 3.38% 15-Aug-2026 | - |
| Caesars Entertainment Inc 7.00% 15-Feb-2030 | - |
| TransDigm Inc 6.75% 15-Aug-2028 | - |
| TransDigm Inc 5.50% 15-Nov-2027 | - |
Fidelity American High Yield Currency Neutral Fund Series B
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.90% | 9.37% | 7.52% |
|---|---|---|---|
| Beta | 0.75% | 0.98% | 0.58% |
| Alpha | 0.00% | -0.01% | 0.00% |
| Rsquared | 0.44% | 0.57% | 0.29% |
| Sharpe | -0.08% | 0.17% | 0.28% |
| Sortino | -0.05% | 0.10% | 0.12% |
| Treynor | -0.01% | 0.02% | 0.04% |
| Tax Efficiency | 17.92% | 47.41% | 48.19% |
| Volatility |
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|
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| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.33% | 7.90% | 9.37% | 7.52% |
| Beta | 0.29% | 0.75% | 0.98% | 0.58% |
| Alpha | 0.08% | 0.00% | -0.01% | 0.00% |
| Rsquared | 0.04% | 0.44% | 0.57% | 0.29% |
| Sharpe | 1.50% | -0.08% | 0.17% | 0.28% |
| Sortino | 4.40% | -0.05% | 0.10% | 0.12% |
| Treynor | 0.27% | -0.01% | 0.02% | 0.04% |
| Tax Efficiency | 84.62% | 17.92% | 47.41% | 48.19% |
| Start Date | November 06, 2006 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $39 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID1255 |
The Fund aims to achieve a combination of a high level of income and the potential for capital gains. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund aims to achieve a combination of a high level of income and the potential for capital gains by investing primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities.
The strategies described below relate to the Fund and the underlying fund, Fidelity American High Yield Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: When buying and selling high yield securities, examines each issuer’s potential based on factors, such as: > Financial condition. > Industry position. > Economic and market conditions. > The security’s features. > Price compared to estimated long-term value. > Earnings potential. > Credit standing.
| Name | Start Date |
|---|---|
| Harley Lank | 08-01-2007 |
| Fidelity Management & Research Company LLC | 02-06-2023 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 1.57% |
|---|---|
| Management Fee | 1.25% |
| 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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