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Tactical Balanced
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2023, 2022, 2021, 2020
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|
NAVPS (04-30-2024) |
$14.92 |
|---|---|
| Change |
-$0.03
(-0.21%)
|
As at March 31, 2024
As at December 31, 2023
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Inception Return (May 28, 2014): 8.08%
| 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 | 3.05% | 6.69% | 11.10% | 6.69% | 8.72% | 4.53% | 4.82% | 9.11% | 8.35% | 8.50% | 6.69% | 7.45% | 6.77% | - |
| Benchmark | 1.80% | 5.77% | 13.57% | 5.77% | 12.38% | 6.05% | 3.87% | 6.63% | 5.64% | 5.56% | 5.88% | 6.44% | 5.97% | 7.01% |
| Category Average | 1.99% | 11.46% | 11.46% | 4.38% | 9.40% | 2.80% | 3.17% | 7.29% | 4.50% | 4.05% | 3.79% | 4.45% | 3.50% | 3.87% |
| Category Rank | 23 / 360 | 64 / 360 | 176 / 360 | 64 / 360 | 201 / 358 | 77 / 358 | 95 / 342 | 95 / 334 | 27 / 317 | 17 / 299 | 29 / 274 | 21 / 242 | 11 / 179 | - |
| Quartile Ranking | 1 | 1 | 2 | 1 | 3 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.56% | -1.04% | 0.18% | 1.10% | 0.82% | -2.61% | -0.11% | 2.75% | 1.46% | 1.69% | 1.81% | 3.05% |
| Benchmark | 1.29% | -1.31% | 0.46% | 1.75% | 0.57% | -3.70% | 0.21% | 5.00% | 2.05% | 0.78% | 3.10% | 1.80% |
8.32% (January 2015)
-4.47% (April 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 19.00% | 6.12% | -2.30% | 3.63% | 15.29% | 12.09% | 14.39% | -7.91% | 7.94% |
| Benchmark | 12.44% | 17.05% | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% |
| Category Average | 6.78% | 0.31% | 5.78% | 6.18% | -5.55% | 12.58% | 5.65% | 9.53% | -9.83% | 8.35% |
| Quartile Ranking | - | 1 | 2 | 4 | 1 | 1 | 1 | 1 | 2 | 3 |
| Category Rank | - | 6/ 166 | 99/ 210 | 271/ 274 | 10/ 296 | 52/ 312 | 34/ 332 | 74/ 336 | 96/ 357 | 207/ 358 |
19.00% (2015)
-7.91% (2022)
| Name | Percent |
|---|---|
| Foreign Government Bonds | 38.92 |
| US Equity | 30.58 |
| Foreign Corporate Bonds | 14.92 |
| International Equity | 6.69 |
| Cash and Equivalents | 5.84 |
| Other | 3.05 |
| Name | Percent |
|---|---|
| Fixed Income | 54.59 |
| Technology | 9.49 |
| Cash and Cash Equivalent | 5.85 |
| Energy | 5.03 |
| Healthcare | 4.99 |
| Other | 20.05 |
| Name | Percent |
|---|---|
| North America | 73.45 |
| Multi-National | 18.04 |
| Latin America | 3.99 |
| Europe | 3.94 |
| Other | 0.58 |
| Name | Percent |
|---|---|
| United States Treasury 3.88% 15-Feb-2043 | - |
| United States Treasury 3.50% 30-Apr-2030 | - |
| United States Treasury 4.13% 31-Jul-2028 | - |
| United States Treasury 4.13% 15-Nov-2032 | - |
| United States Treasury 4.00% 30-Jun-2028 | - |
| Microsoft Corp | - |
| DHT Holdings Inc | - |
| Amazon.com Inc | - |
| Uber Technologies Inc 7.50% 01-Feb-2024 | - |
| GREAT OUTDOORS TM B2 1LN 9.22% 05-Mar-2028 | - |
Fidelity Tactical High Income Fund Series B
Median
Other - Tactical Balanced
| Standard Deviation | 7.34% | 7.42% | - |
|---|---|---|---|
| Beta | 0.67% | 0.76% | - |
| Alpha | 0.02% | 0.04% | - |
| Rsquared | 0.67% | 0.69% | - |
| Sharpe | 0.32% | 0.86% | - |
| Sortino | 0.38% | 1.15% | - |
| Treynor | 0.04% | 0.08% | - |
| Tax Efficiency | 82.07% | 87.57% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.64% | 7.34% | 7.42% | - |
| Beta | 0.65% | 0.67% | 0.76% | - |
| Alpha | 0.01% | 0.02% | 0.04% | - |
| Rsquared | 0.74% | 0.67% | 0.69% | - |
| Sharpe | 0.67% | 0.32% | 0.86% | - |
| Sortino | 1.70% | 0.38% | 1.15% | - |
| Treynor | 0.06% | 0.04% | 0.08% | - |
| Tax Efficiency | 90.53% | 82.07% | 87.57% | - |
| Start Date | May 28, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2,306 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2453 |
The Fund invests primarily in a mix of income-producing securities which may be located anywhere in the world. Income-producing securities may include, but are not limited to, equity securities, common and preferred shares, convertible securities, investment grade fixed income securities, higher yielding, lower quality fixed income securities, floating rate debt instruments and asset-backed securities and mortgage-backed securities.
To meet the Fund’s objectives, the portfolio management team: Focuses primarily on a company’s financial stability, its potential to generate sustainable return on equity over time, and its valuation. Invests in companies that it believes are undervalued in the marketplace based on valuation factors, such as assets, sales, earnings, growth potential, cash flow, and other companies in the same industry.
| Name | Start Date |
|---|---|
| Adam Kramer | 05-28-2014 |
| Ford O'Neil | 05-28-2014 |
| Ramona Persaud | 02-20-2020 |
| 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 | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 2.11% |
|---|---|
| Management Fee | 1.75% |
| 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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