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Fidelity American High Yield Currency Neutral Fund Series B

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(01-22-2025)
$8.26
Change
$0.00 (0.03%)

As at December 31, 2024

As at September 30, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
End of interactive chart.

Legend

Fidelity American High Yield Currency Neutral Fund Series B

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Fund Returns

Inception Return (November 06, 2006): 4.58%

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 -0.96% -0.14% 4.68% 7.27% 7.27% 8.68% 2.20% 3.48% 2.89% 4.42% 3.09% 3.43% 4.25% 3.45%
Benchmark 2.08% 5.25% 9.99% 17.23% 17.23% 13.74% 6.39% 4.89% 5.14% 5.61% 5.57% 5.24% 5.84% 6.72%
Category Average -0.34% 0.42% 4.45% 7.12% 7.12% 7.85% 1.54% 1.95% 2.63% 3.74% 2.80% 3.12% 3.82% 3.15%
Category Rank 283 / 303 255 / 303 170 / 302 180 / 301 180 / 301 144 / 295 143 / 286 92 / 277 160 / 272 124 / 262 128 / 237 116 / 226 120 / 198 106 / 182
Quartile Ranking 4 4 3 3 3 2 2 2 3 2 3 3 3 3

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.9787 to 2.9503.
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Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.18% 0.40% 1.22% -0.98% 1.14% 0.50% 1.51% 1.20% 2.05% -0.45% 1.27% -0.96%
Benchmark 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08%

Best Monthly Return Since Inception

8.25% (April 2009)

Worst Monthly Return Since Inception

-15.17% (October 2008)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -9.619475 to 17.230188.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -3.47% 11.00% 5.87% -4.54% 12.40% 0.59% 7.41% -9.62% 10.10% 7.27%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 3 3 2 4 1 4 1 2 2 3
Category Rank 101/ 182 131/ 198 66/ 226 196/ 237 50/ 262 232/ 272 36/ 277 142/ 286 108/ 295 180/ 301

Best Calendar Return (Last 10 years)

12.40% (2019)

Worst Calendar Return (Last 10 years)

-9.62% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 87.09
Cash and Equivalents 8.48
US Equity 3.48
Foreign Government Bonds 0.57
Canadian Government Bonds 0.20
Other 0.18

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 87.93
Cash and Cash Equivalent 8.48
Energy 1.28
Utilities 0.82
Financial Services 0.43
Other 1.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.32
Europe 0.75
Latin America 0.01
Other -0.08

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
C&W Senior Financing DAC 6.88% 15-Sep-2027 -
Uber Technologies Inc 4.50% 12-Dec-2024 -
Dish Network Corp 3.38% 15-Aug-2026 -
Pacific Gas and Electric Co 4.95% 01-Jan-2050 -
Pacific Gas and Electric Co 4.55% 01-Jan-2030 -
Vistra Corp -
SCHWAB CHARLES 5.38% 31-Dec-2199 -
Caesars Entertainment Inc 7.00% 15-Feb-2030 -
TransDigm Inc 6.75% 15-Aug-2028 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.6551 to 13.5181.
The chart has 1 Y axis displaying Return. Data ranges from -4.485139 to 10.324205.
End of interactive chart.

Fidelity American High Yield Currency Neutral Fund Series B

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.87% 9.36% 7.50%
Beta 0.81% 0.95% 0.56%
Alpha -0.03% -0.02% 0.00%
Rsquared 0.48% 0.54% 0.27%
Sharpe -0.15% 0.10% 0.27%
Sortino -0.09% 0.04% 0.12%
Treynor -0.01% 0.01% 0.04%
Tax Efficiency 6.08% 37.26% 47.79%
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 3 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 3.41% 7.87% 9.36% 7.50%
Beta -0.10% 0.81% 0.95% 0.56%
Alpha 0.09% -0.03% -0.02% 0.00%
Rsquared 0.01% 0.48% 0.54% 0.27%
Sharpe 0.80% -0.15% 0.10% 0.27%
Sortino 2.20% -0.09% 0.04% 0.12%
Treynor -0.28% -0.01% 0.01% 0.04%
Tax Efficiency 72.73% 6.08% 37.26% 47.79%

Fund Details

Start Date November 06, 2006
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $39

Fund Codes

FundServ Code Load Code Sales Status
FID1255

Investment Objectives

The Fund aims to achieve a combination of a high level of income and the potential for capital gains. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund aims to achieve a combination of a high level of income and the potential for capital gains by investing primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity American High Yield Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: When buying and selling high yield securities, examines each issuer’s potential based on factors, such as: > Financial condition. > Industry position. > Economic and market conditions. > The security’s features. > Price compared to estimated long-term value. > Earnings potential. > Credit standing.

Portfolio Manager(s)

Name Start Date
Harley Lank 08-01-2007
Fidelity Management & Research Company LLC 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.57%
Management Fee 1.25%
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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