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Floating Rate Loan
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2023, 2016
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|
NAVPS (12-20-2024) |
$12.64 |
|---|---|
| Change |
-$0.02
(-0.14%)
|
As at November 30, 2024
As at September 30, 2024
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Inception Return (October 16, 2013): 6.37%
| 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 | 1.71% | 6.81% | 6.77% | 13.50% | 12.40% | 11.66% | 9.20% | 7.67% | 5.86% | 5.37% | 5.29% | 4.54% | 4.82% | 5.80% |
| Benchmark | -1.53% | 1.06% | 3.62% | 9.47% | 9.24% | 14.01% | 7.55% | 5.57% | 5.25% | 5.03% | 3.96% | 4.62% | 5.07% | 5.13% |
| Category Average | 0.95% | 2.15% | 3.50% | 6.47% | 7.88% | 8.21% | 3.99% | 4.18% | 3.36% | 3.29% | 3.20% | 3.40% | 3.65% | 3.28% |
| Category Rank | 4 / 78 | 3 / 78 | 8 / 78 | 8 / 78 | 9 / 78 | 9 / 77 | 6 / 76 | 6 / 76 | 13 / 73 | 16 / 69 | 10 / 68 | 15 / 59 | 14 / 56 | 6 / 55 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.97% | 2.01% | 1.82% | 0.53% | 2.14% | -0.33% | 0.48% | 1.48% | -1.96% | 1.00% | 3.97% | 1.71% |
| Benchmark | -0.20% | 1.33% | 1.50% | 0.28% | 0.84% | 1.58% | -0.30% | 2.37% | 0.46% | 1.62% | 0.99% | -1.53% |
9.60% (January 2015)
-7.94% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 9.24% | 18.10% | 5.02% | -3.70% | 7.70% | 1.88% | -1.24% | 3.67% | 5.80% | 8.86% |
| Benchmark | 1.85% | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% |
| Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
| Quartile Ranking | 1 | 1 | 4 | 4 | 1 | 4 | 4 | 3 | 1 | 4 |
| Category Rank | 7/ 31 | 6/ 55 | 51/ 56 | 57/ 59 | 6/ 68 | 69/ 70 | 62/ 76 | 53/ 76 | 3/ 76 | 65/ 77 |
18.10% (2015)
-3.70% (2017)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 86.62 |
| Cash and Equivalents | 9.83 |
| US Equity | 1.62 |
| Canadian Corporate Bonds | 1.54 |
| International Equity | 0.22 |
| Other | 0.17 |
| Name | Percent |
|---|---|
| Fixed Income | 88.30 |
| Cash and Cash Equivalent | 9.83 |
| Energy | 0.88 |
| Financial Services | 0.20 |
| Technology | 0.05 |
| Other | 0.74 |
| Name | Percent |
|---|---|
| North America | 94.77 |
| Europe | 3.55 |
| Latin America | 0.97 |
| Other | 0.71 |
| Name | Percent |
|---|---|
| U.S. DOLLAR | - |
| GREAT OUTDOORS TM B2 1LN 8.71% 05-Mar-2028 | - |
| GOLDEN NUGGET TM B 1LN 8.85% 27-Jan-2029 | - |
| ACRISURE TERM B6 1LN 8.21% 06-Nov-2030 | - |
| UKG TERM B 1LN 8.55% 10-Feb-2031 | - |
| SOLERA TERM B 1LN 9.51% 02-Jun-2028 | - |
| FOUNDATION TM B2 1LN 9.25% 29-Jan-2031 | - |
| ASURION TERM B12 1LN 9.10% 12-Sep-2030 | - |
| HUNTER DOUGLAS TM B 1LN 8.57% 25-Feb-2029 | - |
| AUTHENTIC BRAN TM B1 1LN 7.60% 21-Dec-2028 | - |
Fidelity Floating Rate High Income Fund Series B
Median
Other - Floating Rate Loan
| Standard Deviation | 5.94% | 6.92% | 7.57% |
|---|---|---|---|
| Beta | 0.17% | 0.44% | 0.60% |
| Alpha | 0.08% | 0.04% | 0.03% |
| Rsquared | 0.04% | 0.29% | 0.36% |
| Sharpe | 0.92% | 0.53% | 0.57% |
| Sortino | 1.87% | 0.61% | 0.60% |
| Treynor | 0.32% | 0.08% | 0.07% |
| Tax Efficiency | 72.75% | 66.76% | 69.53% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.48% | 5.94% | 6.92% | 7.57% |
| Beta | 0.29% | 0.17% | 0.44% | 0.60% |
| Alpha | 0.09% | 0.08% | 0.04% | 0.03% |
| Rsquared | 0.04% | 0.04% | 0.29% | 0.36% |
| Sharpe | 1.35% | 0.92% | 0.53% | 0.57% |
| Sortino | 3.42% | 1.87% | 0.61% | 0.60% |
| Treynor | 0.26% | 0.32% | 0.08% | 0.07% |
| Tax Efficiency | 74.79% | 72.75% | 66.76% | 69.53% |
| Start Date | October 16, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $121 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2187 |
The Fund aims to provide a steady flow of income. It invests primarily in floating rate debt instruments and other floating rate securities of issuers located in the United States or that are denominated in U.S. dollars.
To meet the Fund’s objectives, the portfolio management team: Invests primarily in floating rate debt instruments, which generally pay interest at rates that are variable or reset periodically at a margin above a generally recognized base lending rate, such as the prime rate, the London Interbank Offered Rate (LIBOR), the Secured Overnight Financing Rate (SOFR) or another generally recognized base lending rate used by commercial banks and lenders.
| Name | Start Date |
|---|---|
| Fidelity Investments Canada ULC | 10-16-2013 |
| Fidelity Management & Research Company LLC | 02-06-2023 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
| 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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