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Fidelity Monthly Income Fund Series B

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Canadian Neutral Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016, 2015, 2014

Click for more information on Fundata’s FundGrade

NAVPS
(03-12-2025) 		$18.06
Change
-$0.02 (-0.11%)

As at February 28, 2025

As at December 31, 2024

Period
Created with Highcharts 10.3.3Jan 2005Jan 2007Jan 2009Jan 2011Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2004Jan 2008Jan 2012Jan 2016Jan 2020Jan 2024$10,000$20,000$30,000$40,000$0$50,000$9,000$9,500$10,500$11,000$11,500$12,000Period

Legend

Fidelity Monthly Income Fund Series B

Compare Options

Fund Returns

Inception Return (November 06, 2003): 6.70%

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 1.17% 2.03% 6.26% 3.76% 14.01% 9.63% 5.52% 6.02% 6.32% 6.21% 5.92% 5.13% 5.40% 4.59%
Benchmark 0.29% 0.63% 7.50% 2.72% 16.04% 11.31% 6.08% 6.93% 7.24% 7.23% 7.00% 6.40% 7.12% 5.58%
Category Average 0.27% 1.03% 5.97% 2.65% 12.56% 10.01% 5.15% 5.65% 6.18% 5.93% 5.35% 5.06% 5.66% 4.37%
Category Rank 17 / 452 47 / 452 239 / 452 15 / 452 176 / 446 312 / 432 226 / 415 253 / 392 252 / 381 242 / 370 186 / 360 230 / 347 273 / 334 201 / 301
Quartile Ranking 1 1 3 1 2 3 3 3 3 3 3 3 4 3

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 1.95% -1.65% 2.36% -0.13% 4.10% 0.56% 2.20% -0.46% 2.37% -1.66% 2.56% 1.17%
Benchmark 2.49% -1.88% 1.52% 0.56% 4.19% 0.91% 2.55% -0.02% 4.18% -2.03% 2.42% 0.29%

Best Monthly Return Since Inception

7.41% (November 2020)

Worst Monthly Return Since Inception

-9.77% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.37% 6.77% 2.26% -2.30% 11.27% 6.02% 10.63% -5.38% 5.66% 11.14%
Benchmark -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43% 13.55%
Category Average 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27% 11.70%
Quartile Ranking 2 3 4 1 4 3 3 1 4 4
Category Rank 114/ 301 224/ 334 338/ 347 56/ 358 327/ 368 198/ 377 281/ 392 24/ 412 411/ 432 358/ 446

Best Calendar Return (Last 10 years)

11.27% (2019)

Worst Calendar Return (Last 10 years)

-5.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 27.01
International Equity 16.90
US Equity 13.89
Canadian Government Bonds 13.13
Canadian Corporate Bonds 8.72
Other 20.35

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 36.07
Financial Services 11.27
Consumer Goods 8.22
Technology 7.24
Consumer Services 5.34
Other 31.86

Geographic Allocation

Geographic Allocation
Name Percent
North America 74.02
Europe 11.38
Asia 6.39
Multi-National 2.08
Latin America 1.65
Other 4.48

Top Holdings

Top Holdings
Name Percent
iShares Core MSCI Emerging Markets ETF (IEMG) -
iShares Gold Trust ETF (IAU) -
United States Treasury 4.38% 15-May-2034 -
Fidelity American High Yield Fund Series O -
iShares Core MSCI EAFE ETF (IEFA) -
High Yield Investments Directly Held -
Toronto-Dominion Bank -
Investment Grade CMBS Securities Directly Held -
Royal Bank of Canada -
Alimentation Couche-Tard Inc Cl A -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return789101112131415-2%0%2%4%6%8%10%12%

Fidelity Monthly Income Fund Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 7.48% 8.87% 6.84%
Beta 0.73% 0.82% 0.78%
Alpha 0.01% 0.00% 0.00%
Rsquared 0.93% 0.93% 0.90%
Sharpe 0.25% 0.47% 0.45%
Sortino 0.54% 0.57% 0.36%
Treynor 0.03% 0.05% 0.04%
Tax Efficiency 75.84% 76.06% 74.28%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.24% 7.48% 8.87% 6.84%
Beta 0.83% 0.73% 0.82% 0.78%
Alpha 0.01% 0.01% 0.00% 0.00%
Rsquared 0.87% 0.93% 0.93% 0.90%
Sharpe 1.49% 0.25% 0.47% 0.45%
Sortino 3.69% 0.54% 0.57% 0.36%
Treynor 0.11% 0.03% 0.05% 0.04%
Tax Efficiency 94.68% 75.84% 76.06% 74.28%

Fund Details

Start Date November 06, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3,716

Fund Codes

FundServ Code Load Code Sales Status
FID269

Investment Objectives

The Fund aims to achieve a combination of a steady flow of income and the potential for capital gains. It invests primarily in a mix of Canadian equity securities, Canadian fixed income securities, U.S. commercial mortgage-backed securities, and U.S. higher yielding, lower quality fixed income securities, preferred stocks and convertible securities. The Fund 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: Follows a neutral mix guideline of approximately 50% equity securities and 50% fixed income securities, which may be Canadian or foreign. Depending on market conditions, may vary the asset mix by up to +/- 20% from the neutral mix if it believes this produces the best overall return. May invest in a wide variety of equity and fixed income securities.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • David Bagnani
  • Don Newman
  • Harley Lank
  • Daniel Dupont
  • Geoffrey D. Stein
  • Catriona Martin
  • David D. Wolf
  • Sri Tella
Sub-Advisor

Fidelity Management & Research Company LLC

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

CIBC Mellon Trust Company

State Street Trust Company Canada
Registrar

Fidelity Investments Canada ULC
Distributor

Fidelity Investments Canada ULC

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.07%
Management Fee 1.70%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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