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Fidelity Tactical Credit Fund Series B
Multi-Sector Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-14-2026) |
$8.74 |
|---|---|
| Change |
-$0.02
(-0.20%)
|
As at September 30, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (January 25, 2022): 2.00%
| 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 | -1.76% | -1.91% | -0.49% | -1.10% | -0.69% | 1.28% | 3.91% | 4.48% | - | - | - | - | - | - |
| Benchmark | -0.48% | -3.06% | -0.10% | 0.52% | -0.49% | 3.41% | 6.74% | 5.90% | 1.35% | 0.52% | 1.47% | 2.56% | 2.53% | 1.96% |
| Category Average | -2.08% | -2.71% | -1.12% | -1.78% | -1.04% | 1.39% | 4.56% | - | - | - | - | - | - | - |
| Category Rank | 163 / 296 | 54 / 295 | 115 / 294 | 121 / 289 | 131 / 287 | 164 / 262 | 206 / 255 | 157 / 247 | - | - | - | - | - | - |
| Quartile Ranking | 3 | 1 | 2 | 2 | 2 | 3 | 4 | 3 | - | - | - | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.17% | 0.22% | 0.02% | 0.16% | 0.37% | -1.14% | 1.01% | 0.41% | 0.02% | -0.67% | 0.53% | -1.76% |
| Benchmark | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% | 1.62% | 2.52% | -1.95% | -0.66% | -0.48% |
Best Monthly Return Since Inception
3.09% (November 2023)
Worst Monthly Return Since Inception
-3.14% (June 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 8.90% | 4.27% | 4.17% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | - | - | - | - | - | - | - | 1 | 3 | 4 |
| Category Rank | - | - | - | - | - | - | - | 45/ 247 | 191/ 256 | 226/ 273 |
Best Calendar Return (Last 10 years)
8.90% (2023)
Worst Calendar Return (Last 10 years)
4.17% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 42.91 |
| Foreign Bonds - Other | 32.98 |
| Foreign Government Bonds | 11.78 |
| Cash and Equivalents | 9.83 |
| US Equity | 1.23 |
| Other | 1.27 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 88.77 |
| Cash and Cash Equivalent | 9.82 |
| Energy | 0.31 |
| Utilities | 0.25 |
| Financial Services | 0.09 |
| Other | 0.76 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 62.01 |
| Latin America | 2.49 |
| Europe | 2.48 |
| Asia | 0.24 |
| Other | 32.78 |
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 | - |
| Investment Grade CMBS Securities Directly Held | - |
| Charter Communicatns Oprtg LLC 4.40% 01-Jan-2033 | - |
| Fidelity Canadian Money Market Investment Trust O | - |
| Prime Healthcare Foundatn Inc 7.00% 01-Dec-2027 | - |
| Bank of America Corp 5.02% 22-Jul-2032 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Tactical Credit Fund Series B
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 3.39% | - | - |
|---|---|---|---|
| Beta | 0.38 | - | - |
| Alpha | 0.01 | - | - |
| Rsquared | 0.25% | - | - |
| Sharpe | 0.18 | - | - |
| Sortino | 0.41 | - | - |
| Treynor | 0.02 | - | - |
| Tax Efficiency | 46.80% | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.67% | 3.39% | - | - |
| Beta | 0.14 | 0.38 | - | - |
| Alpha | -0.01 | 0.01 | - | - |
| Rsquared | 0.06% | 0.25% | - | - |
| Sharpe | -1.08 | 0.18 | - | - |
| Sortino | -1.39 | 0.41 | - | - |
| Treynor | -0.21 | 0.02 | - | - |
| Tax Efficiency | - | 46.80% | - | - |
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) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID7572 | FE | Open |
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 | 1.48% |
|---|---|
| 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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