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Fidelity Tactical Credit Fund Series B

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Multi-Sector Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(05-07-2025) 		$9.16
Change
$0.01 (0.10%)

As at March 31, 2025

As at December 31, 2024

Period
Created with Highcharts 10.3.3Feb 2022May 2022Aug 2022Oct 2022Jan 2023Mar 2023Jun 2023Aug 2023Nov 2023Jan 2024Apr 2024Jul 2024Oct 2024Dec 2024Mar 2025Mar 20…Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2022Sep 2022Feb 2023Jul 2023Dec 2023May 2024Oct 2024Mar 2025Ma…$9,000$10,000$11,000$9,500$10,500$11,500Period

Legend

Fidelity Tactical Credit Fund Series B

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Fund Returns

Inception Return (January 25, 2022): 2.15%

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 -0.84% 0.47% 0.03% 0.47% 3.64% 4.94% 2.82% - - - - - - -
Benchmark 0.37% 2.82% 4.86% 2.82% 11.12% 7.37% 5.02% 1.86% 0.83% 1.96% 2.34% 2.42% 2.69% 2.94%
Category Average -0.48% 1.23% 0.15% 1.23% 4.56% 4.63% - - - - - - - -
Category Rank 268 / 334 300 / 329 243 / 318 300 / 329 276 / 314 191 / 305 141 / 293 - - - - - - -
Quartile Ranking 4 4 4 4 4 3 2 - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -0.81% 0.95% 0.47% 1.14% 0.76% 1.06% -0.49% 1.02% -0.96% 0.56% 0.75% -0.84%
Benchmark -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96% 0.67% 1.41% 1.02% 0.37%

Best Monthly Return Since Inception

3.09% (November 2023)

Worst Monthly Return Since Inception

-3.14% (June 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - - - 8.90% 4.27%
Benchmark 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25% 9.76%
Category Average - - - - - - - - - 3.89%
Quartile Ranking - - - - - - - - 1 3
Category Rank - - - - - - - - 47/ 305 222/ 314

Best Calendar Return (Last 10 years)

8.90% (2023)

Worst Calendar Return (Last 10 years)

4.27% (2024)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 38.62
Foreign Bonds - Other 33.59
Cash and Equivalents 14.63
Foreign Government Bonds 10.64
US Equity 1.62
Other 0.90

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 83.60
Cash and Cash Equivalent 14.63
Energy 0.69
Utilities 0.28
Financial Services 0.15
Other 0.65

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.20
Europe 1.58
Latin America 0.92
Other 33.30

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series F -
High Yield Investments Directly Held -
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 -
Prime Healthcare Foundatn Inc 7.00% 01-Dec-2027 -
CAD Currency -
Bank of America Corp 5.02% 22-Jul-2032 -
JPMorgan Chase & Co 4.91% 25-Jul-2032 -

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return345678910111213-10%-5%0%5%10%15%

Fidelity Tactical Credit Fund Series B

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.07% - -
Beta 0.58% - -
Alpha 0.00% - -
Rsquared 0.44% - -
Sharpe -0.19% - -
Sortino -0.03% - -
Treynor -0.02% - -
Tax Efficiency - - -
Volatility 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 2.86% 5.07% - -
Beta 0.41% 0.58% - -
Alpha -0.01% 0.00% - -
Rsquared 0.30% 0.44% - -
Sharpe -0.10% -0.19% - -
Sortino 0.30% -0.03% - -
Treynor -0.01% -0.02% - -
Tax Efficiency 42.36% - - -

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) $17

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

To meet the Fund’s objectives, the portfolio management team: • Exercises broad flexibility by investing, either directly or indirectly through investments in underlying funds, in an expansive set of fixed income securities, including global investment grade fixed income securities, and higher yielding lower quality fixed income securities.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC
Sub-Advisor

Fidelity Management & Research Company LLC

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

State Street Trust Company Canada
Registrar

Fidelity Investments Canada ULC
Distributor

-

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 1.49%
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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