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Fidelity Tactical Credit Fund Series B

High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(05-16-2024)
$9.36
Change
$0.00 (-0.02%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Tactical Credit Fund Series B

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Fund Returns

Inception Return (January 25, 2022): 1.05%

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 -0.81% 0.16% 5.98% 0.26% 4.86% 2.68% - - - - - - - -
Benchmark 0.55% 3.28% 8.20% 4.71% 10.33% 8.77% 3.34% 4.51% 3.12% 4.18% 3.35% 5.49% 5.30% 5.68%
Category Average -0.86% 7.34% 7.34% 0.69% 6.00% 2.76% 0.06% 3.64% 1.99% 2.27% 2.19% 3.05% 2.45% 2.45%
Category Rank 207 / 294 234 / 294 265 / 294 229 / 294 253 / 288 205 / 285 - - - - - - - -
Quartile Ranking 3 4 4 4 4 3 - - - - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.97% 1.48% 0.61% 0.11% -1.07% -1.20% 3.09% 2.53% 0.10% 0.20% 0.78% -0.81%
Benchmark -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55%

Best Monthly Return Since Inception

3.09% (November 2023)

Worst Monthly Return Since Inception

-3.14% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - 8.90%
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
Category Rank - - - - - - - - - 158/ 288

Best Calendar Return (Last 10 years)

8.90% (2023)

Worst Calendar Return (Last 10 years)

8.90% (2023)

Asset Allocation

Asset Allocation
Name Percent
Foreign Bonds - Other 33.90
Foreign Bonds - Funds 28.40
Cash and Equivalents 19.67
Foreign Government Bonds 8.77
Foreign Corporate Bonds 8.18
Other 1.08

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 80.00
Cash and Cash Equivalent 19.68
Energy 0.27
Technology 0.01
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.42
Europe 1.50
Latin America 0.22
Other 33.86

Top Holdings

Top Holdings
Name Percent
High Yield Investments Directly Held -
Fidelity American High Yield Fund Series F -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 2.88% 15-May-2052 -
United States Treasury 4.25% 15-Feb-2054 -
Charter Communicatns Oprtg LLC 4.40% 01-Jan-2033 -
Bank of America Corp 5.02% 22-Jul-2032 -
JPMorgan Chase & Co 4.91% 25-Jul-2032 -
Wells Fargo & Co 4.90% 25-Jul-2032 -
Boeing Co 5.93% 01-Nov-2059 -

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date January 25, 2022
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $15

Fund Codes

FundServ Code Load Code Sales Status
FID7572

Investment Objectives

The Fund invests primarily in fixed income securities of U.S. issuers and other issuers from around the world, including global investment grade fixed income securities and higher yielding lower quality fixed income securities. It can invest in these securities either directly or indirectly through investments in underlying funds.

Investment Strategy

-

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 01-25-2022
Fidelity Management & Research Company LLC 02-06-2023

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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.54%
Management Fee 1.20%
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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