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Fidelity Absolute Income Fund Series B
Multi-Sector Fixed Income
|
NAVPS (08-07-2026) |
$9.88 |
|---|---|
| Change |
$0.01
(0.13%)
|
As at June 30, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (January 24, 2025): 4.20%
| 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 | 0.08% | 2.03% | 0.87% | 0.87% | 3.85% | - | - | - | - | - | - | - | - | - |
| Benchmark | 2.52% | 3.06% | 3.70% | 3.70% | 6.25% | 7.75% | 7.57% | 6.70% | 2.41% | 1.24% | 2.24% | 2.74% | 2.70% | 2.60% |
| Category Average | 0.22% | 1.64% | 0.96% | 0.96% | 3.79% | 4.89% | 4.93% | - | - | - | - | - | - | - |
| Category Rank | 286 / 321 | 143 / 321 | 205 / 316 | 205 / 316 | 156 / 308 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 2 | 3 | 3 | 3 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.24% | 0.99% | 0.78% | 0.28% | 0.32% | 0.31% | 0.36% | 0.40% | -1.88% | 1.47% | 0.47% | 0.08% |
| Benchmark | 0.41% | 0.79% | 2.27% | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% | 1.62% | 2.52% |
Best Monthly Return Since Inception
1.52% (June 2025)
Worst Monthly Return Since Inception
-1.88% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
-
Worst Calendar Return (Last 10 years)
-
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 83.06 |
| Foreign Government Bonds | 20.15 |
| Foreign Bonds - Other | 4.77 |
| Canadian Corporate Bonds | 0.96 |
| Cash and Equivalents | 0.75 |
| Other | -9.69 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 108.94 |
| Cash and Cash Equivalent | 0.75 |
| Energy | 0.11 |
| Technology | 0.01 |
| Other | -9.81 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 84.42 |
| Latin America | 5.76 |
| Europe | 4.03 |
| Africa and Middle East | 3.47 |
| Asia | 1.74 |
| Other | 0.58 |
Top Holdings
| Name | Percent |
|---|---|
| USD Currency | - |
| US 2YR NOT (CBT) FT JUN26 TUM6 | - |
| US 5YR NOT (CBT) FT JUN26 FVM6 | - |
| Fidelity U.S. Money Market Investment Trust O | - |
| UMBS 30YR 2.50% 01-Apr-2056 | - |
| UMBS 30YR 5.50% 01-Apr-2056 | - |
| Dominican Republic Government 7.05% 03-Feb-2031 | - |
| Petroleos Mexicanos 8.75% 02-Jun-2029 | - |
| UMBS 30YR 5.00% 01-Apr-2056 | - |
| EnQuest PLC 11.63% 01-Nov-2027 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.75% | - | - | - |
| Beta | 0.08 | - | - | - |
| Alpha | 0.03 | - | - | - |
| Rsquared | 0.02% | - | - | - |
| Sharpe | 0.54 | - | - | - |
| Sortino | 0.38 | - | - | - |
| Treynor | 0.18 | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | January 24, 2025 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $787 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID7859 |
Investment Objectives
The Fund aims to achieve a high level of current income and the potential for capital gains. It invests primarily in a mix of fixed income securities of U.S. issuers and other issuers from around the world. It can invest in these securities either directly or indirectly through investments in underlying funds. The Fund uses a proprietary quantitative model based on advanced research capabilities in the construction of its portfolio. The Fund uses derivatives to try to achieve a desired risk expo
Investment Strategy
To meet the Fund’s objectives, the portfolio management team: Uses quantitative techniques to systematically construct a broadly diversified portfolio. Advanced techniques developed through research capabilities are used in evaluating multiple factors to achieve a desired risk exposure or return characteristic for the Fund through the model’s dynamic weightings to each factor. When buying and selling fixed income securities, the research process that informs portfolio selection considers factors
Portfolio Management
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
- |
| Registrar |
- |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 1.25% |
|---|---|
| Management Fee | 1.05% |
| 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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