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Fidelity Income Class Portfolio Series B

Global Fixed Inc Balanced

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2016

Click for more information on Fundata’s FundGrade

NAVPS
(07-11-2024)
$17.19
Change
$0.10 (0.56%)

As at June 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Income Class Portfolio Series B

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Fund Returns

Inception Return (April 18, 2007): 3.94%

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 0.20% 0.66% 4.98% 4.98% 9.69% 7.83% 1.85% 3.54% 3.55% 3.48% 3.57% 3.49% 3.42% 3.88%
Benchmark 1.45% 0.83% 3.69% 3.69% 8.45% 6.96% 0.12% 0.17% 1.82% 2.40% 2.79% 2.80% 3.59% 4.40%
Category Average 0.76% 3.08% 3.08% 3.08% 7.31% 6.18% 0.28% 2.50% 2.53% 2.81% 2.73% 2.98% 2.83% 2.91%
Category Rank 929 / 963 641 / 953 82 / 953 82 / 953 85 / 911 149 / 895 115 / 812 121 / 769 120 / 733 159 / 637 122 / 586 143 / 517 118 / 422 84 / 335
Quartile Ranking 4 3 1 1 1 1 1 1 1 1 1 2 2 2

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.84% 0.07% -2.38% -0.05% 3.96% 2.07% 0.41% 1.71% 2.11% -1.44% 1.93% 0.20%
Benchmark 0.72% 1.08% -3.41% 0.82% 3.70% 1.73% 0.36% 1.41% 1.04% -1.39% 0.79% 1.45%

Best Monthly Return Since Inception

5.64% (April 2020)

Worst Monthly Return Since Inception

-7.19% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.30% 6.12% 2.32% 3.65% -1.17% 9.12% 7.97% 4.77% -8.65% 7.16%
Benchmark 11.35% 16.91% 0.39% 3.81% 5.53% 6.30% 9.09% -0.49% -11.13% 6.74%
Category Average 6.43% 1.21% 4.39% 5.49% -2.85% 9.97% 7.08% 4.51% -11.10% 7.71%
Quartile Ranking 1 1 4 4 2 3 1 2 1 3
Category Rank 42/ 317 53/ 392 373/ 453 401/ 530 169/ 605 399/ 699 186/ 755 300/ 806 147/ 860 615/ 901

Best Calendar Return (Last 10 years)

9.30% (2014)

Worst Calendar Return (Last 10 years)

-8.65% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 17.81
US Equity 15.60
Canadian Government Bonds 14.08
International Equity 13.57
Canadian Corporate Bonds 9.85
Other 29.09

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 45.25
Financial Services 8.27
Technology 7.76
Cash and Cash Equivalent 5.24
Basic Materials 4.33
Other 29.15

Geographic Allocation

Geographic Allocation
Name Percent
North America 76.63
Multi-National 10.32
Europe 6.39
Asia 5.05
Latin America 1.27
Other 0.34

Top Holdings

Top Holdings
Name Percent
Fidelity Canadian Bond Fund Series O -
Fidelity Canadian Disciplined Equity Fund Ser O -
Fidelity Multi-Sector Bond Fund Series O -
Fidelity Cdn Short Term Fixd Inc Mul Asset Ba Fd O -
Fidelity Global Dividend Fund Series A -
Fidelity Emerging Mkts Debt Multi-Asset Base Sr O -
Fid Dev Intl MA - Ser O -
Fidelity Dividend Fund Series B -
Fidelity Emerging Markets Fund Series B -
Fidelity Canadian Growth Company Fund Series B -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Income Class Portfolio Series B

Median

Other - Global Fixed Inc Balanced

3 Yr Annualized

Standard Deviation 6.45% 7.03% 5.99%
Beta 0.75% 0.75% 0.62%
Alpha 0.02% 0.02% 0.01%
Rsquared 0.72% 0.45% 0.49%
Sharpe -0.15% 0.23% 0.42%
Sortino -0.20% 0.14% 0.24%
Treynor -0.01% 0.02% 0.04%
Tax Efficiency 68.66% 88.37% 90.11%
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 2 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 5.94% 6.45% 7.03% 5.99%
Beta 0.89% 0.75% 0.75% 0.62%
Alpha 0.02% 0.02% 0.02% 0.01%
Rsquared 0.79% 0.72% 0.45% 0.49%
Sharpe 0.77% -0.15% 0.23% 0.42%
Sortino 2.05% -0.20% 0.14% 0.24%
Treynor 0.05% -0.01% 0.02% 0.04%
Tax Efficiency 97.81% 68.66% 88.37% 90.11%

Fund Details

Start Date April 18, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) $230

Fund Codes

FundServ Code Load Code Sales Status
FID2281

Investment Objectives

The Portfolio aims to achieve a combination of a steady flow of income with the potential for capital gains. The Portfolio is geared towards income. It invests primarily in underlying funds. These underlying funds generally invest in Canadian equity securities, foreign equity securities and/or fixed income securities, with generally more emphasis on Canadian equity securities and fixed income securities.

Investment Strategy

To meet the Portfolio’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 40% equity, and 60% fixed income and money market instruments; Depending on market conditions, may vary the asset mix by up to +/- 15% from the neutral mix if it believes this produces the best overall return; Uses an asset allocation strategy and invests primarily in underlying funds, including other Fidelity Funds and ETFs, which may include liquid alternative mutual funds.

Portfolio Manager(s)

Name Start Date
Pyramis Global Advisors Trust Company 03-31-2008
State Street Global Advisors Ltd. 11-10-2008
Pyramis Canada ULC 11-10-2008
Fidelity Management and Research (FMR) Company 11-10-2008
Fidelity Investments Money Management Inc. 11-10-2008
Geoffrey D. Stein 05-23-2012
David D. Wolf 03-20-2017
Fidelity Investments Canada ULC 04-25-2022

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar Fidelity Investments Canada ULC
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 25,000
SWP Min Withdrawal 50

Fees

MER 2.15%
Management Fee 1.70%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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